David Rogers Webb on how to stop “The Great Taking”

Summary

David Rogers Webb, a former hedge fund manager, describes a deliberate, long-term plan to sever property rights to stocks and bonds so they can be used unrestrained as collateral in the financial system. He traces how policy changes enabled trillions in derivatives growth, concentrating risk and limiting investor legal recourse. Webb sees this resulting from private central bank control seeking totalitarian aims. He urges informing the public, reversing relevant legislation, and separating central banking from warfare funding to avert dire outcomes where people would have no choice but to accept a central bank digital currency on the system's terms.

Takeaways

• 😱 There is a deliberate plan to sever property rights to securities like stocks and bonds, allowing them to be used without restrictions
• 😤 This enables the derivatives bubble and concentration of risk into clearing houses that will fail
• 🚨 The financial system has been legally engineered to cause the Great Taking of private assets globally
• ☠️ War and financial crises are used by central bankers to increase control and crush alternatives
• 😡 Public company ownership was largely lost in the 1930s depression by design through tight monetary policy
• 😓 Entitlement holders now only have contractual claims in place of property rights, subjugating investors
• ⛔️ Even segregated accounts will lose when the pools are raided leaving only crumbs
• ⚠️ The end game is forcing adoption of central bank digital currencies leaving no escape
• 😠 The central banking-warfare model inevitably becomes violently self-destructive
• 😌 We can still unite to stop this top-down feudal conquest by raising awareness urgently

Q & A

What is the Great Taking referring to in the book by David?

The Great Taking refers to a deliberate plan that has been put in place over many years to sever the property rights to securities like stocks and bonds. This would allow these assets to be used without restrictions as collateral in the financial system.

When did the dematerialization of paper securities certificates begin?

The dematerialization began in earnest in the 1980s, around 10-15 years after the 1968 paperwork crisis that was used as a rationale for digitization. Things were working fine with paper certificates, especially with computerization, but dematerialization was a necessary precondition to severing property rights.

How does the Uniform Commercial Code in the US undermine investors' rights?

The UCC introduces the concept of an 'entitlement holder' rather than a shareholder/owner. This gives only a contractual claim to the property, which is weak in insolvency. The code is also structured in a deceptive way that makes it seem investors have priority over creditors, but actually secured creditors have priority in control.

What enabled the massive growth of the derivatives bubble?

The severing of property rights to securities enabled their uncontrolled use as collateral to underpin the derivatives bubble. Derivatives are essentially contracts with no inherent value, but they can now be used to take real assets using the rehypothecated securities collateral.

How was the Great Depression used to consolidate control and curb alternatives?

Banks were closed suddenly, with only Federal Reserve-controlled banks allowed to reopen afterwards. Keeping economic conditions tight for years allowed asset takeovers at low prices. Gold confiscation also ensured the public had no alternative system outside the centralized credit system.

How could war and financial conditions be used to trigger the 'Great Taking'?

The financial system is already under strain that is being hidden. But the war footing also allows violence/coercion to be directed at populations to force acceptance of Central Bank digital currencies when existing systems fail.

Why has implementation of the centralized control plans taken so long?

There was a 'checklist' of things that needed to be done first over decades, like dematerialization, legal changes, new clearing infrastructure. Now the system is ready and the conditions are being deliberately created.

Can gold also be confiscated in the future?

Gold is not the core collateral now, so may not be the immediate target. But the architects do not want any alternative stores of value or mediums of exchange to exist in parallel that allow independence from their system.

How could citizens oppose these centralized control plans?

Inform themselves and others urgently using remaining civil liberties. Make legal changes reinstating property rights where possible locally. Ultimately the linkage of central banks and warfare must be severed through widespread opposition.

What personal actions are recommended in the face of this uncertainty?

Get out of debt if possible and stock necessities to cope with disruptions. But also maintain relationships/community, as the world is fundamentally benevolent without these financial impositions.