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Stegiel's avatar

https://www.zerohedge.com/geopolitical/great-taking-exposes-financial-end-game

Fitts may well not be the hero. “Security Entitlement,” of which Webb writes (p. 9): “The greatest subjugation in world history will have been made possible by the invention of a construct; a subterfuge; a lie: the ‘Security Entitlement.’”

And indeed, having informed one that, since their inception more than 400 years ago, these “tradable financial instruments” were recognised, by law, as personal property, he hits the reader with the news that this is not the case any longer. In practice, Webb explains, this implies that even if, wishing to avoid the complications of a car dealership possibly going bust after purchasing a car on an installment plan, one has bought it for cash, this will no longer work. Security entitlements have been changed legally to permit creditors of the bankrupt car dealership to seize your car as an asset that still belongs to the dealership.

Webb sums this legal coup up as follows (p. 10): “Essentially all securities ‘owned’ by the public in custodial accounts, pension plans and investment funds are now encumbered as collateral underpinning the derivatives complex…” The “protected class” have legally stolen all our assets from us even before the anticipated (and engineered) global financial implosion occurs (if it does). Moreover, through additional legislation, this has been ‘harmonised’ to ensure that “secured creditors” be guaranteed that their assets be protected through “cross-border mobility of legal control of such collateral” (p. 16). Furthermore, ‘safe harbour’ provisions were made timeously to protect the ruling class (p. 32):

In 2005, less than two years before the onset of the Global Financial Crisis, ‘safe harbor’ provisions in the U.S. Bankruptcy code were significantly changed. ‘Safe harbor’ sounds like a good thing, but again, this was about making it absolutely certain that secured creditors can take client assets, and that this cannot be challenged subsequently. This was about ‘safe harbor’ for secured creditors against demands of customers to their own assets.

It gets worse. It turns out that, if something called Central Clearing Parties – tasked with providing “clearing and settlement for trades” in a variety of financial transactions – is insufficiently capitalised to prepare for the eventuality of failing, and such a failure occurs, “it is the secured creditors who will take the assets of the entitlement holders. This is where it is going. It is designed to happen suddenly, and on a vast scale.” Webb goes on to disabuse readers of the belief that the so-called “Bank Holiday” ended the Great Depression (Chapter VIII), and of believing Ben Bernanke’s promise, in 2002, that the Federal Reserve “won’t do it again” (i.e. make its mistakes regarding what led to the Great Depression). Instead, he cautions (p. 46):

Is the Fed indeed ‘very sorry?’ Can one believe the promise that ‘we won’t do it again?’ They have studied the lessons of the past in detail; however, their purpose has been to prepare a new and improved global version for the spectacular end of this debt expansion super-cycle. That’s what this book is about.

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Medical Truth Podcast's avatar

Even the globalists will be kicking and clawing to get to the top with their Pride, Ego, and Greed! At the end of the day, "man will destroy man." The Rat's always find a way to eat each other! They need to remember who got them to the top: the People, the Masses of People who bought their products and services for many years, and yes, we, the consumers. What will be the result of all this for everyone- Death! It's time to get right with God and realize that all of us, even the globalists, have no control!

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