This summary of the video was created by an AI. It might contain some inaccuracies.
00:00:00 – 00:58:58
The video features a detailed discussion with David Rogers Webb about his book "The Great Taking," which scrutinizes the loss of property rights to securities like stocks and bonds. Webb asserts that apparent property rights are misleading, as true control rests with entities behind the securities, facilitated by central banking powers such as the Federal Reserve, the Bank of International Settlements, and the Bank of England. This global issue impacts regions including Europe and Japan, orchestrated over decades to centralize financial control.
The conversation delves into historical precedents, like the 1968 paperwork crisis leading to the creation of the Depository Trust Company, and scrutinizes the role of individuals like a former CIA operative who became the CEO of the Depository Trust Corp. This transition underscores the systemic shifts towards centralized control through dematerialized securities, reinforced by changes in the Uniform Commercial Code (UCC) which diluted traditional property rights and prioritized secured creditors in insolvency situations.
The video also highlights legislative attempts in places like South Dakota to restore these rights, and discusses institutional investor misconceptions about securities segregation. It references historical policy shifts in the 1990s that enhanced the derivatives market, contributing to a massive financial bubble.
Further, the discussion touches on the manipulation of economic data and financial crises historically orchestrated by central banks to consolidate control, evidenced by the Federal Reserve’s actions post the 1907 crisis leading to its creation. Concerns are raised over the potential modern-day repetition of such asset confiscations, including gold and cryptocurrencies, amidst economic instability.
The video also critiques Central Bank digital currencies as instruments of control, advising legislative reforms and personal preparations for economic disruptions. It concludes by promoting awareness through advocacy, literature, and documentary recommendations to counter central banking excesses and anticipate a more stable and equitable future without harmful financial manipulations.
00:00:00
In this segment, the guest, David Rogers Webb, explains the premise of his book “The Great Taking,” which discusses the loss of property rights to securities such as stocks and bonds. He asserts that what people perceive as property rights are merely an appearance, as true legal ownership lies with the entities controlling these securities. Webb argues that this structure has been deliberately planned over decades and facilitates the use of these securities as collateral by financial systems without the actual owners’ consent. He also mentions that this issue spans beyond the US, affecting even regions like Europe and Japan, driven by central banking powers aiming for global harmonization of these practices.
00:05:00
In this part of the video, the speaker discusses the global control exerted by private central banking interests, specifically addressing the oversight role of the Bank of International Settlements. The speaker recounts relocating to Sweden around 12 years ago with hopes of improved conditions compared to the US, but found similar issues. The speaker’s efforts included warning Swedish and European authorities about financial regulatory changes and engaging with Swedish officials, including the Minister for Financial Markets, to resist certain changes. Despite some initial acknowledgment, regulatory changes aligning with the US system were implemented in Europe by 2013 and locally in Sweden by 2014. The speaker highlights their ongoing concerns over global control and systemic threats to individual liberties, culminating in the motivation to write a book addressing these larger issues beyond just financial investment advice.
00:10:00
In this part of the video, the discussion revolves around the concept of property and its deep roots in both human and animal behavior, emphasizing its importance for stability and reproduction. The conversation then shifts to “The Architects” behind the central banking system. Specifically, it highlights the major players like the Federal Reserve, the Bank for International Settlements, and the Bank of England, which are said to control long-term financial plans. The speaker notes that while some central banks, like the Dutch Central Bank, appear state-owned, they are actually controlled by other interests. The segment also touches on the historical “paperwork crisis” of 1968, which led to the creation of the Depository Trust Company, suggesting it was a deliberate move to centralize and control financial assets.
00:15:00
In this segment, the speaker discusses the career of a CIA operative who worked in various roles, including forming anti-communist student organizations in Europe and working in Latin America through US Aid. Interestingly, this operative, despite having no experience in business or finance, later became the superintendent of banks in New York and subsequently the CEO of the Depository Trust Corp. The narrative then shifts to the transition from paper to dematerialized securities, highlighting that this change was essential for separating control over property rights. Control over these securities becomes significantly centralized, particularly in bankruptcy cases where entities like JP Morgan receive preferential treatment. The Uniform Commercial Code (UCC) in the US facilitated this shift by introducing the concept of “entitlement holders,” who have weaker claims in insolvency situations compared to traditional shareholders. This systemic change ensured that ownership and control became more centralized and less transparent.
00:20:00
In this segment, the speaker discusses how the Uniform Commercial Code (UCC) deceptively establishes priority among creditors. Initially, entitlement holders appear to have priority over secured creditors, but further reading reveals exceptions where secured creditors actually regain priority if they have control. This deceptive structure often misleads people who do not thoroughly read the provisions.
The conversation also highlights legislative actions in South Dakota aiming to restore property rights for security holders. This initiative is gaining traction and may inspire legal amendments in other states and potentially in Europe, where changes will need to occur at the national level due to the precedence of EU law. The speaker also shares personal experiences and concerns about brokerage terms, suggesting that securities often end up with international depositories like Euroclear, adding another layer of complexity.
00:25:00
In this segment, the discussion revolves around how institutional investors are being misled regarding the segregation of their securities. Despite representations that accounts are segregated, all securities are pooled and used without restriction. The Federal Reserve’s response to the Legal Certainty Group in Europe underscores that even so-called “segregated” accounts are only entitled to a share of what remains after secured creditors. There is a significant shortage of collateral to support the extensive derivatives market. Historical documentation showed that changes were made to legal frameworks in the 1990s to accommodate the already widespread, albeit illegal, use of customer collateral. These amendments spurred massive growth in the derivatives market, reaching levels many times the global GDP by the 2000s. The conversation suggests this was a deliberate design to sever property rights and enable the use of large securities pools to support the derivatives bubble.
00:30:00
In this segment of the video, the speaker discusses how certain securities and derivatives were manipulated to disadvantage specific creditors during insolvency, effectively prioritizing others and allowing new forms of asset acquisition through non-tangible means. They highlight historical financial strategies, comparing current maneuvers to those used in the 1930s. The speaker references Ed Griffin’s research on the Federal Reserve’s origins, noting that its formation followed a manufactured financial crisis in 1907, aimed at centralizing banking control. They explain how the Federal Reserve’s creation of money to buy treasury bonds enabled them to profit from public debt, particularly financing wars, which significantly increased their power. Additionally, they describe the induced economic cycles of boom and bust in the 1920s, culminating in the Great Depression, to illustrate the systemic controls exerted by these financial entities.
00:35:00
In this part of the video, the speaker discusses how during a specific period, banks not controlled by the Federal Reserve System were forced out of business, leading to most public companies becoming bankrupt and being taken over by senior secured lenders and bondholders. Additionally, in 1933, gold held by the public was confiscated, which prevented the public from having any alternative means of maintaining the economy independently from the Federal Reserve. The speaker raises concerns that such actions could happen again, including the potential confiscation of assets like gold and cryptocurrencies. There is a discussion about ongoing economic instability and potential triggers for a financial crisis, such as the repercussions of high interest rates and losses being currently concealed.
00:40:00
In this segment of the video, the speaker discusses the concept of global hybrid warfare, encompassing psychological operations and various threats. They elaborate on the power of money creation out of nothing and its significant impact on economic activities, explaining that high-velocity money leads to a multiplier effect in the real economy. The discussion traces the historical context, mentioning the Asian financial crisis of the late 90s and the subsequent creation of bubbles by central banks, notably the dot-com bubble. The speaker delves into regulatory changes in Europe and the progression towards the central clearing of derivatives trades following the financial crisis, highlighting the shift from bilateral contracts to a centralized clearing system for managing counterparty risks.
00:45:00
In this part of the video, the speaker discusses the lack of capitalization in central clearing counterparties and the concentrated risk within these entities, which are expected to fail as part of a broader systemic design. The speaker then reflects on his experience managing hedge funds up until 2004, noting how he monitored monetary indicators like the M3 money supply to predict market movements. This strategy was effective until March 2003, when he observed a simultaneous rise in all market sectors, indicating the beginning of quantitative easing—a hidden injection of liquidity not officially acknowledged until five years later. This shift undermined his predictive toolset, as it masked underlying economic weaknesses, including falling commercial loans and high utility bill delinquencies.
00:50:00
In this part of the video, the discussion focuses on the manipulation of economic data and the creation of an asset-backed securities bubble. The speakers express concern over potential banking crises, suggesting that mass financial losses could incite widespread public unrest, similar to past protests in Europe. They criticize the central banking system’s destructive actions and warn that such behavior could lead to global violence and totalitarian regimes. The conversation emphasizes the importance of using remaining freedoms to spread awareness and counter the central banking power’s plans, which they believe could be mitigated by widespread public resistance and informed advocacy.
00:55:00
In this segment, the discussion centers around the opposition to Central Bank digital currencies, which are viewed as tools for central bankers to exert control. Key advice includes advocating for legislative changes and practical personal actions such as getting out of debt, maintaining happiness, and securing physical necessities like food. The segment emphasizes the importance of preparing for disruptions and highlights the benevolent nature of the real world once harmful financial practices cease. The conversation also promotes a book and documentary that provide further insights into these issues.