The arrangements whereby your paper can be taken as someone else's collateral was done to protect the exchanges in a financial/market crisis. That's why it seems reasonable and why it had the support of the investment management establishment.
Gold ETF shares could be redeployed this way. Whether that gives access to the underlying gold is not clear to me. Bullion held outside the banking system cannot be legally taken this way.
Has anybody out there read, 'The Great Talking' by David Rogers Webb (2023) ?
It describes the preparation undertaken by the Central Banks (which is ready to go), to taking all assets when the crash comes by ensuring the mechanisms and authority is written in law, so that only 'the protected class' become the beneficiaries of the world's resources.. By 'all assets', they mean all treasuries, bonds and all other financial instruments, mines, land, plant, real estate, manufacturing, intellectual property and everything else.
We legally no longer own the securities we have in our trading accounts. We are merely "entitlement holders". If the provider of the account goes bankrupt, our securities will be taken by the parties holding the collateral in the bankruptcy. Same holds true of any loans such as mortgages etc. If you cant pay, "your" asset will be used as collateral.
All this has been implemented world wide during the last decades without any information about it in the main stream media.
Yes, which is what David's book explains with great clarity, but my question remains ... do you understand if this includes gold ? Will they make it mandatory to hand it in do you think ? I've understood (from what Alasdair has said) that gold doesn't have counter party risk. But it seems that's on dodgy ground...
There is currently no legal right to take over gold owned by private persons or companies. But who knows what can happen in an event of a serious financial crises where the western economic system brakes down. The best is to own gold unregistered but at least in Sweden where I live, companies which sells gold must keep a record of the buyers identity.
Hi Mitch, Thank you for the link and Alastair sent me the article which I have printed off but I hadn't read it on the 24th April. I have now and like you say, Alasdair does mention 'The Great Taking'. So what I don't understand now, is why these Hedge funds or banks haven't been taken to court to change on changing the rules under the noses of those Security holders. How can this be right ? If it were to be upheld as 'legal' in court, and those guys able to just steal the securities, why have a contract in the first place ? I have NO idea how the stock exchange works or how to buy bonds etc. My brain can't fathom how this was done without anyone noticing ... (11th May)
Hi Catherine, yeah. I get where you're coming from. I asked myself the exact same thing. It seems that they are a law unto themselves. They are the powerful, let's just leave it at that🤷🏼
Alasdair - years ago I started a historical perspective of why we are where we are today. Do you think I have it correct?
New World Order Coming Soon
Globalism Fails Due To Imbalance of Trade vs Debt
Historical Reasons:
“J. F. KENNEDY ASSASSINATED”
1- Johnson’s war on poverty and expansion of freebies (without any exchange of work or production) replaced Social Security dollar reserves with Treasury debt (future taxation and/or debasement of currency)
2- War machine - US becomes significant war material supplier, participates in conflicts outside our borders (Vietnam, etc.)
3- Nixon gold window closure in 1971 and full fiat money system conversion when England/France demanded US gold exchanged for their excess dollar reserves. Oil was $3.56/barrell and gold was $43.85/ounce (.0831 ounces/barrel). Today the ratio is .036 ounces/barrel - all due to dollar depreciation. To compensate for loss of oil’s value by dollar printing gold price in dollars would have to be over $4400.
4- Beginning of US debt expansion to pay for non-productive freebies and wars by borrowing from the future and expanding debt and currency in circulation without any concern for currency devaluation
5- Shifting of US production, with Congress’ full support, to cheaper labor countries for next 40+ years while saddling many companies with debt to buy back stock for management stock options and shareholders equity increases.
6- Entry of China into WTO
7- Continuation of wasteful unproductive/destructive war machine (Serbia, Iraq, Afghanistan, etc.)
8- US major exports - guns, bullets, war equipment, airliners, some food via the subsidized agricultural model, petroleum products and massive amounts of U.S. dollars. The “War Machine” equipment is a significant percentage of US GDP and often just giving it away on the backs of US taxpayers (i.e. Ukraine).
9- US trade imbalance reaches 1 Trillion $$ per year in 2021 and net debt explodes
10- Apolitical? Fed (esp. Bernanke & Yellen) backstops Washington’s deficit spending such that Treasury market has no true market pricing, the Fed is the buyer of last resort (which inflates money supply). Fed can no longer hide the inflation they are causing via money printing (to backstop Treasury auctions) and altering CPI calculations “always” to a lower level. Oil boom/bust cycles due to political meddling add to inflation/recession outcomes.
11- The Western and most 3rd world nations are mostly insolvent and fiat currencies are on a path to collapse.
12- The West has been concentrated on today, globalization, proxy wars, elections, pc emphasis, and global liberal causes which Russia/China/India/Middle East have no interest in
13- Europe’s expanding dependence on Russia for energy, grain, etc. while expanding NATO was a disastrous chess game strategy that has led to where we are. Russia has finally had enough.
14- Door now open for Russia/China/India/Middle East to control most of world’s energy, food, and consumption goods. Sanctions will be irrelevant as export countries can back their currencies with gold, commodity reserves, and produced goods. US default on Russia owned dollar reserves sends “no faith in US” signal to the world.
15- Only way out - major global recession/depression and rebuild after debt failures of countries and non profitable companies. Sound money, non-debt trade system must be developed (or returned to) or people will have no reason to work for payment in their countries’ paper un-backed currencies. Reversion to barter or a new value backed currency based on gold/commodities and/or real country output. Must stress energy investment via a stable long term policy (20-50 years), not election cycle decisions. Energy industry does not profitably operate nor make decisions on a 2-4 year election cycle. Without a long term plan for increasing all energy supplies inflation in prices will only get worse.
16- Must end the expansion of NATO (as Reagan assured Gorbachev would not happen after E & W Germany reunited) and maybe encourage some countries to withdraw and become strong neutral countries.
17- Countries must independently produce enough to support their populations via self consumption of goods production and/or trade of those goods or quit growing population numbers - back to the basics of life (self reliance & living within your means). A growing uneducated, unproductive workforce in any country that just grows its reliance on debt or charity support of taxpayers or other nations is doomed to eventual collapse or it leads to massive migration out of the country or even worse (famine). For a perfect “World Order” all countries’ balance of trade should be “0”. Perhaps a worldwide depopulation event is inevitable as the world enters “supply” importance instead of “demand” importance.
A FINANCIAL WWIII HAS STARTED!
WILL THE US/WEST THREATEN TO OR ACTUALLY USE IT’S MILITARY TO KEEP THE DOLLAR’S RESERVE STATUS?
NO - U.S. CAN’T AFFORD IT WITHOUT HYPERINFLATION OF CURRENCY!!!
A NEW PAYMENT SYSTEM IS COMING NOT BASED ON DEBT BUT RATHER REAL RESERVES/PRODUCTION!! NO NEED FOR A WORLD “RESERVE” CURRENCY UNLESS ALL COUNTRIES AGREE TO BE A PART OF IT. THE ODDS OF ALL COUNTRIES AGREEING TO EACH COUNTRY’S PRODUCTION VALUE IS NIL!
I BELIEVE CHINA DOES NOT WANT TO REPLACE THE U.S. AS THE DOMINANT WORLD POWER BUT RATHER SIT AT THE HEAD? OF A GROUP OF COUNTRIES THAT REVALUE WHAT TRADE CURRENCY BECOMES AND HOW TO SUSTAIN THEIR POPULATIONS. NO REASON THOUGH FOR CHINA TO SIT AT THE HEAD OF THE TABLE. U.S. JUST NEEDS TO LEAD THE WAY OR IT’ll GET LEFT BEHIND.
CAN THE US RECOVER ECONOMICALLY? ONLY IF WE DECIDE TO COMPETE AGAIN, REBUILD OUR EDUCATED, PRODUCTIVE CAPACITIES AND REVERSE THE FINANCIALIZATION OF OUR ECONOMY. IF NOT THE U.S. WILL FAIL VIA DEFAULT (INSOLVENCY). DEBT BACKED STANDARD OF LIVING MUST DECLINE AND BE BASED ON SAVINGS NOT DEBT. US MILITARY CAN ONLY REMAIN STRONG IF THE ECONOMY IS REPAIRED.
FREE MARKET CAPITALISM IS STILL THE BEST SYSTEM BUT CONTROL AND PAYMENT OF WORK MUST BE MORE EQUITABLY SHARED AND POLITICIANS SHOULD GET “NO” MONEY FROM THE CORPORATIONS OR RICH AND POWERFUL. THE CAPITALISTIC SYSTEM MUST BE REPAIRED FROM THE CRONI-CAPITALISTIC SYSTEM IT MORPHED INTO. IF THE US WOULD FINALLY INSTILL TERM LIMITS IT WOULD BE A GREAT START TO ECONOMIC RECOVERY AND END THE CORRUPTION OF WASHINGTON DC. THE FEDERAL BUDGET CANNOT CONTINUE TO EXPAND FASTER THAN OUR COUNTRY’S GDP. WE HAVE RUN OUT OF OTHER PEOPLE’S MONEY TO TAKE OR BORROW CHEAPLY IN ORDER TO CONTINUE UNPRODUCTIVE PROGRAMS. IF WE STAY ON THE PRESENT PATH THE DOLLAR WILL BECOME WORTHLESS.
BOTTOM LINE - PRIMARILY INCREASING UNPRODUCTIVE CONSUMPTION DEBT DOES NOT GROW AN ECONOMY, IT DESTROYS IT. BORROWING YOUR STANDARD OF LIVING RATHER THAN EARNING IT LEADS TO BANKRUPTCY.
I like all your points but for me, the overall view of the controlled demolition of the financial system and of western society has been around a long time .. ever since the setting up of the FED in 1913 but more recently, very obvious.
Yuri Bezmenov's interview in 1984 with G. Edward Griffin titled “Deception Was My Job”, he laid out the four stages of “ideological subversion”. https://youtu.be/9apDnRRSOCk?si=vXHKTaY3Y54o8-9n
He wrote 'Love Letter to America' under the pen name Tomas Schuman.
More recently in 2016 on the WEF's own website, Ida Auken wrote a piece quoting
herself saying "Welcome to 2030. I own nothing, have no privacy, and life has never been better."
there may be a technical problem with the transcript. I did press "more" and scrolled down to transcript pressed that and nothing but a rotating sphere appeared?? Is there some step i am missing?
Alasdair, You have been educating me for many years now for which I am most grateful. Lately you have been presenting more video presentations which I have trouble hearing clearly because of an impairment but also I have trouble finding the time to sit and listen or watch a video. It would be very valuable to me to be able to copy a transcript of these presentations and read at my convenience. Is this a possibility? Thank You, Glenn DeMallie
If you click "more" at the end of the grey-shaded box under the video and scroll down, you should find that a transcript is automatically provided. You could also cut and paste the transcript into a document and print it in a font of a size that is comfortable for you to read.
Catherine
The arrangements whereby your paper can be taken as someone else's collateral was done to protect the exchanges in a financial/market crisis. That's why it seems reasonable and why it had the support of the investment management establishment.
Catherine —
Gold ETF shares could be redeployed this way. Whether that gives access to the underlying gold is not clear to me. Bullion held outside the banking system cannot be legally taken this way.
Catherine
I've written on this in the past.
Thanks Tirion!
Thank you Mitch, so even if it's in a secure vault ? I suppose that is 'Yes' ...
Has anybody out there read, 'The Great Talking' by David Rogers Webb (2023) ?
It describes the preparation undertaken by the Central Banks (which is ready to go), to taking all assets when the crash comes by ensuring the mechanisms and authority is written in law, so that only 'the protected class' become the beneficiaries of the world's resources.. By 'all assets', they mean all treasuries, bonds and all other financial instruments, mines, land, plant, real estate, manufacturing, intellectual property and everything else.
Here is one interview of David R Webb 'Reinvent Money' on YouTube by Paul Buitink. https://youtu.be/1GHXe0PbNG4?si=v_iLh8_F6fcY2pk0
So my question is, Is GOLD an asset and how would they take it ? Military force ??
We legally no longer own the securities we have in our trading accounts. We are merely "entitlement holders". If the provider of the account goes bankrupt, our securities will be taken by the parties holding the collateral in the bankruptcy. Same holds true of any loans such as mortgages etc. If you cant pay, "your" asset will be used as collateral.
All this has been implemented world wide during the last decades without any information about it in the main stream media.
Yes, which is what David's book explains with great clarity, but my question remains ... do you understand if this includes gold ? Will they make it mandatory to hand it in do you think ? I've understood (from what Alasdair has said) that gold doesn't have counter party risk. But it seems that's on dodgy ground...
There is currently no legal right to take over gold owned by private persons or companies. But who knows what can happen in an event of a serious financial crises where the western economic system brakes down. The best is to own gold unregistered but at least in Sweden where I live, companies which sells gold must keep a record of the buyers identity.
Thank you Erik. You're right .. we'll see when it happens!
I should have said I think that may be the article he was talking about
Catherine, go to Goldmoney.com The article in question Alasdair mentioned is entitled "Unwinding the financial system" written on the 9th October '23
Hi Mitch, Thank you for the link and Alastair sent me the article which I have printed off but I hadn't read it on the 24th April. I have now and like you say, Alasdair does mention 'The Great Taking'. So what I don't understand now, is why these Hedge funds or banks haven't been taken to court to change on changing the rules under the noses of those Security holders. How can this be right ? If it were to be upheld as 'legal' in court, and those guys able to just steal the securities, why have a contract in the first place ? I have NO idea how the stock exchange works or how to buy bonds etc. My brain can't fathom how this was done without anyone noticing ... (11th May)
Hi Catherine, yeah. I get where you're coming from. I asked myself the exact same thing. It seems that they are a law unto themselves. They are the powerful, let's just leave it at that🤷🏼
Thank you Mitch. So I presume 'they' would confiscate gold that is kept by people in unsecured vaults ?
If it's not in your hands then it has counterparty risk.
Alasdair - years ago I started a historical perspective of why we are where we are today. Do you think I have it correct?
New World Order Coming Soon
Globalism Fails Due To Imbalance of Trade vs Debt
Historical Reasons:
“J. F. KENNEDY ASSASSINATED”
1- Johnson’s war on poverty and expansion of freebies (without any exchange of work or production) replaced Social Security dollar reserves with Treasury debt (future taxation and/or debasement of currency)
2- War machine - US becomes significant war material supplier, participates in conflicts outside our borders (Vietnam, etc.)
3- Nixon gold window closure in 1971 and full fiat money system conversion when England/France demanded US gold exchanged for their excess dollar reserves. Oil was $3.56/barrell and gold was $43.85/ounce (.0831 ounces/barrel). Today the ratio is .036 ounces/barrel - all due to dollar depreciation. To compensate for loss of oil’s value by dollar printing gold price in dollars would have to be over $4400.
4- Beginning of US debt expansion to pay for non-productive freebies and wars by borrowing from the future and expanding debt and currency in circulation without any concern for currency devaluation
5- Shifting of US production, with Congress’ full support, to cheaper labor countries for next 40+ years while saddling many companies with debt to buy back stock for management stock options and shareholders equity increases.
6- Entry of China into WTO
7- Continuation of wasteful unproductive/destructive war machine (Serbia, Iraq, Afghanistan, etc.)
8- US major exports - guns, bullets, war equipment, airliners, some food via the subsidized agricultural model, petroleum products and massive amounts of U.S. dollars. The “War Machine” equipment is a significant percentage of US GDP and often just giving it away on the backs of US taxpayers (i.e. Ukraine).
9- US trade imbalance reaches 1 Trillion $$ per year in 2021 and net debt explodes
10- Apolitical? Fed (esp. Bernanke & Yellen) backstops Washington’s deficit spending such that Treasury market has no true market pricing, the Fed is the buyer of last resort (which inflates money supply). Fed can no longer hide the inflation they are causing via money printing (to backstop Treasury auctions) and altering CPI calculations “always” to a lower level. Oil boom/bust cycles due to political meddling add to inflation/recession outcomes.
11- The Western and most 3rd world nations are mostly insolvent and fiat currencies are on a path to collapse.
12- The West has been concentrated on today, globalization, proxy wars, elections, pc emphasis, and global liberal causes which Russia/China/India/Middle East have no interest in
13- Europe’s expanding dependence on Russia for energy, grain, etc. while expanding NATO was a disastrous chess game strategy that has led to where we are. Russia has finally had enough.
14- Door now open for Russia/China/India/Middle East to control most of world’s energy, food, and consumption goods. Sanctions will be irrelevant as export countries can back their currencies with gold, commodity reserves, and produced goods. US default on Russia owned dollar reserves sends “no faith in US” signal to the world.
15- Only way out - major global recession/depression and rebuild after debt failures of countries and non profitable companies. Sound money, non-debt trade system must be developed (or returned to) or people will have no reason to work for payment in their countries’ paper un-backed currencies. Reversion to barter or a new value backed currency based on gold/commodities and/or real country output. Must stress energy investment via a stable long term policy (20-50 years), not election cycle decisions. Energy industry does not profitably operate nor make decisions on a 2-4 year election cycle. Without a long term plan for increasing all energy supplies inflation in prices will only get worse.
16- Must end the expansion of NATO (as Reagan assured Gorbachev would not happen after E & W Germany reunited) and maybe encourage some countries to withdraw and become strong neutral countries.
17- Countries must independently produce enough to support their populations via self consumption of goods production and/or trade of those goods or quit growing population numbers - back to the basics of life (self reliance & living within your means). A growing uneducated, unproductive workforce in any country that just grows its reliance on debt or charity support of taxpayers or other nations is doomed to eventual collapse or it leads to massive migration out of the country or even worse (famine). For a perfect “World Order” all countries’ balance of trade should be “0”. Perhaps a worldwide depopulation event is inevitable as the world enters “supply” importance instead of “demand” importance.
A FINANCIAL WWIII HAS STARTED!
WILL THE US/WEST THREATEN TO OR ACTUALLY USE IT’S MILITARY TO KEEP THE DOLLAR’S RESERVE STATUS?
NO - U.S. CAN’T AFFORD IT WITHOUT HYPERINFLATION OF CURRENCY!!!
A NEW PAYMENT SYSTEM IS COMING NOT BASED ON DEBT BUT RATHER REAL RESERVES/PRODUCTION!! NO NEED FOR A WORLD “RESERVE” CURRENCY UNLESS ALL COUNTRIES AGREE TO BE A PART OF IT. THE ODDS OF ALL COUNTRIES AGREEING TO EACH COUNTRY’S PRODUCTION VALUE IS NIL!
I BELIEVE CHINA DOES NOT WANT TO REPLACE THE U.S. AS THE DOMINANT WORLD POWER BUT RATHER SIT AT THE HEAD? OF A GROUP OF COUNTRIES THAT REVALUE WHAT TRADE CURRENCY BECOMES AND HOW TO SUSTAIN THEIR POPULATIONS. NO REASON THOUGH FOR CHINA TO SIT AT THE HEAD OF THE TABLE. U.S. JUST NEEDS TO LEAD THE WAY OR IT’ll GET LEFT BEHIND.
CAN THE US RECOVER ECONOMICALLY? ONLY IF WE DECIDE TO COMPETE AGAIN, REBUILD OUR EDUCATED, PRODUCTIVE CAPACITIES AND REVERSE THE FINANCIALIZATION OF OUR ECONOMY. IF NOT THE U.S. WILL FAIL VIA DEFAULT (INSOLVENCY). DEBT BACKED STANDARD OF LIVING MUST DECLINE AND BE BASED ON SAVINGS NOT DEBT. US MILITARY CAN ONLY REMAIN STRONG IF THE ECONOMY IS REPAIRED.
FREE MARKET CAPITALISM IS STILL THE BEST SYSTEM BUT CONTROL AND PAYMENT OF WORK MUST BE MORE EQUITABLY SHARED AND POLITICIANS SHOULD GET “NO” MONEY FROM THE CORPORATIONS OR RICH AND POWERFUL. THE CAPITALISTIC SYSTEM MUST BE REPAIRED FROM THE CRONI-CAPITALISTIC SYSTEM IT MORPHED INTO. IF THE US WOULD FINALLY INSTILL TERM LIMITS IT WOULD BE A GREAT START TO ECONOMIC RECOVERY AND END THE CORRUPTION OF WASHINGTON DC. THE FEDERAL BUDGET CANNOT CONTINUE TO EXPAND FASTER THAN OUR COUNTRY’S GDP. WE HAVE RUN OUT OF OTHER PEOPLE’S MONEY TO TAKE OR BORROW CHEAPLY IN ORDER TO CONTINUE UNPRODUCTIVE PROGRAMS. IF WE STAY ON THE PRESENT PATH THE DOLLAR WILL BECOME WORTHLESS.
BOTTOM LINE - PRIMARILY INCREASING UNPRODUCTIVE CONSUMPTION DEBT DOES NOT GROW AN ECONOMY, IT DESTROYS IT. BORROWING YOUR STANDARD OF LIVING RATHER THAN EARNING IT LEADS TO BANKRUPTCY.
Larry — There's too much in your post to comment on. But generally, adhere to the following rules:
1. The State starts off with good intentions, but when things go wrong they try to cover up by subsequent interventions.
2. It always starts off as cock-up, then a conspiracy to correct/cover up.
3. Politicians are driven by the pressure groups they represent to the exclusion of common sense.
4. Politicians seek to control which is why regulations are always introduced on top of regulations.
5. The permanent establishment is often in charge (not always) and woe betide the politician who goes against it.
6. Democracy is always gamed.
Love your last rule ..
I like all your points but for me, the overall view of the controlled demolition of the financial system and of western society has been around a long time .. ever since the setting up of the FED in 1913 but more recently, very obvious.
Yuri Bezmenov's interview in 1984 with G. Edward Griffin titled “Deception Was My Job”, he laid out the four stages of “ideological subversion”. https://youtu.be/9apDnRRSOCk?si=vXHKTaY3Y54o8-9n
He wrote 'Love Letter to America' under the pen name Tomas Schuman.
More recently in 2016 on the WEF's own website, Ida Auken wrote a piece quoting
herself saying "Welcome to 2030. I own nothing, have no privacy, and life has never been better."
https://web.archive.org/web/20161125135500/https://www.weforum.org/agenda/2016/11/shopping-i-can-t-really-remember-what-that-is
It's the 'I own nothing' that worries me ..
there may be a technical problem with the transcript. I did press "more" and scrolled down to transcript pressed that and nothing but a rotating sphere appeared?? Is there some step i am missing?
No. You're doing everything right. Perhaps a monetary loss of connection. I just tapped more, show transcript, tapped that and it all appeared.
Alasdair, You have been educating me for many years now for which I am most grateful. Lately you have been presenting more video presentations which I have trouble hearing clearly because of an impairment but also I have trouble finding the time to sit and listen or watch a video. It would be very valuable to me to be able to copy a transcript of these presentations and read at my convenience. Is this a possibility? Thank You, Glenn DeMallie
If you click "more" at the end of the grey-shaded box under the video and scroll down, you should find that a transcript is automatically provided. You could also cut and paste the transcript into a document and print it in a font of a size that is comfortable for you to read.