The summary of ‘David Rogers Webb on how to stop “The Great Taking”’

00:00:00

In this part of the video, David Rogers Webb discusses the erosion of property rights related to securities like stocks and bonds. He explains that what people perceive as ownership is actually just an appearance of a property right. Legal ownership of these securities resides with entities that use them as collateral within the financial system. Webb touches on how this system was deliberately created over many years to sever property rights, affecting more than just the U.S., with similar systems in place globally, except for potentially China and Russia. He highlights the role of central banking powers in driving this harmonization of financial systems.

00:05:00

In this part of the video, the speaker discusses how the world is controlled by private Central Banking interests, including the Bank of International Settlements, which oversees all central banks. He moved to Sweden about 12 years ago, hoping for better conditions in Europe compared to the US, but soon realized the situation was similar. He mentions his efforts to prevent detrimental changes in Europe, including meetings with Swedish officials and addressing a hedge fund conference in Zurich. Despite his warnings, the Central Securities Depository Regulation was enacted in Europe. He decided to write a book out of conviction from observing malevolent trends against the population, viewing the issue as a global hybrid war that threatens freedoms and humanity, rather than just investments.

00:10:00

In this segment of the video, the speakers discuss the concept of property and its deep-rooted significance not only for humans but also in the animal kingdom, particularly in relation to nesting and territorial behavior. They emphasize that property ownership is crucial for stability and reproduction, and losing property is devastating.

The discussion then shifts to the entities that control private central banks, specifically mentioning the Federal Reserve System, the Bank for International Settlements, and the Bank of England. These entities are described as having long-range plans and significant control over money power, with historical roots tracing back to the creation of the Federal Reserve and even earlier to the Bank of England.

The conversation touches on the ownership and control of central banks in different countries, such as the Dutch Central Bank and the Russian Central Bank, suggesting that while these may appear to be state-owned, other interests actually control them.

The segment also covers the “paperwork crisis” that started in June 1968, shortly after the assassinations of Robert Kennedy and Martin Luther King. This crisis led to the New York Stock Exchange closing every Wednesday for six months and resulted in the creation of the Depository Trust Corporation. This orchestrated event is noted to be part of a longer-term strategy to consolidate property and assets.

00:15:00

In this segment of the video, the speaker discusses an individual’s career trajectory within the CIA and how it transitioned into roles in banking and finance. This person started at the CIA after college, working in Europe to form anti-communist student organizations, later moving to US Aid in Latin America. After significant events like assassinations, he was appointed as the superintendent of banks in New York State, despite no prior experience in finance, and subsequently became the CEO of the Depository Trust Corp. The speaker elaborates on the implications of dematerialization of securities, highlighting how it enabled control over property rights, facilitated by changes in local laws and the Uniform Commercial Code, which introduced the concept of an “entitlement holder.” This change subverted traditional property rights, favoring institutions like JP Morgan over ordinary security holders in bankruptcy cases.

00:20:00

In this part of the video, the discussion revolves around property rights and the complexities within the Uniform Commercial Code (UCC). It highlights how entitlement holders appear to have priority over secured creditors at first glance, but closer examination reveals that when a secured creditor has control, they actually have priority. This deceptive structuring within the UCC has prompted legal professionals, including the speaker, to advocate for legislative changes at the local level, such as in South Dakota. Additionally, there’s mention of concerns over securities in brokerage accounts, where terms and conditions often include clauses that allow brokers to liquidate shares under specific circumstances, though such conditions are typically hidden within the fine print, necessitating thorough reading and understanding. The speaker also notes efforts to inspire similar legal changes in Europe, emphasizing the importance of addressing these issues at the national level due to the structure of European law.

00:25:00

In this segment of the video, the speaker explains how securities, even in so-called “segregated accounts,” are not truly segregated but pooled and used without restrictions. This misleading practice has duped institutional investors, who are often charged more for the promise of segregated accounts that don’t offer such security in reality. The Federal Reserve’s response to a European legal certainty group’s primary source document confirms that all accounts share the remaining pool post secured creditors’ claims. The video also discusses a significant shortage of collateral in the financial system, highlighted by Dutch lawyer Hester Bice. This shortage underpins a massive derivatives bubble that has grown exponentially since the legal changes in 1994, which legitimized previously illegal practices of using customer collateral. By 2007, the derivatives market had grown to ten times the global GDP, and current estimates suggest it might be twenty times GDP. This growth was driven by an intentional design to sever property rights, allowing the unrestricted use of securities pools globally, which facilitated the expansion of the derivatives complex.

00:30:00

In this segment, the speaker discusses how securities and derivatives contracts were manipulated during financial crises to prioritize certain creditors and subordinate others, leading to a systematic and intentional economic bubble. The conversation shifts to historical context, explaining the deliberate financial crisis of 1907 that led to the creation of the Federal Reserve in 1910. The Federal Reserve’s formation involved a banking cartel aiming to control the growing independent banking sector. By creating currency out of thin air to buy treasury bonds, the Federal Reserve gained control over the economy, leveraging this artificial capital to make public loans and collect interest, thereby centralizing financial power. The speaker highlights how wars and economic booms and busts, particularly the events leading up to the Great Depression, were pivotal in solidifying this power structure.

00:35:00

In this segment of the video, the speaker explains how the Federal Reserve consolidated power by closing all competing banks and maintaining restrictive economic conditions, resulting in widespread bankruptcies of public companies during the early 20th century. They discuss the confiscation of public-held gold in 1933, intended to eliminate any financial alternatives to the Federal Reserve’s credit creation. This comprehensive plan effectively cemented the Fed’s control over the economy. The conversation then shifts to contemporary concerns, suggesting that in any future economic crises or consolidations, alternative assets like gold and cryptocurrencies could also be targeted to prevent any parallel financial systems, similar to the historical precedence. The segment concludes by identifying potential triggers for such economic takeovers, including warfare, climate crises, or significant interest rate changes, noting that current hidden financial losses could precipitate such events.

00:40:00

In this part of the video, the speaker discusses the concept of a global hybrid war, involving various forms of psychological operations and threats. They delve into the creation of money out of nothing, its high velocity, and impact on the economy. The speaker explains that after the Asian financial crisis in the late 90s, the rate of money creation by central banks far exceeded economic growth, marking an end-stage phenomenon for this financial system. They highlight key events, such as the handling of the dot-com bubble, the pressure on Europe to harmonize with the Uniform Commercial Code, changes to Safe Harbor laws empowering a protected class, and the use of the Lehman Brothers’ case to cement financial regulations. Additionally, the financial crisis justified the shift to centralized clearing of all derivatives trades to mitigate counterparty risks, transforming the nature of these contracts from localized agreements to large-scale centralized ones.

00:45:00

In this segment, the speaker discusses the lack of capitalization in Central Clearing Counterparties (CCPs) and the concentration of risk that could lead to their failure. This risk concentration is considered an integral part of the system’s design. The speaker describes their experience managing hedge funds until 2004 and monitoring money supply figures to anticipate market movements. They recount a pivotal moment in March 2003 when all market sectors rose simultaneously, which they interpret as the beginning of quantitative easing, despite it not being officially recognized until later. This period marked a shift from their ability to predict market moves, indicating a hidden infusion of liquidity into the system. The speaker explains that this action was driven by desperation due to the collapsing velocity of money and a failing real economy, evidenced by declining commercial loans and high utility bill delinquencies.

00:50:00

In this segment of the video, the discussion focuses on manipulation of economic data, the creation of the asset-backed securities bubble, and the potential repercussions of a financial crisis. The speakers highlight efforts to mitigate such crises through legislative changes and increasing public awareness. They express concerns over the possible massive public backlash and the risk of widespread protest if financial systems fail, akin to past events in Greece and Cyprus. Notably, they argue that today’s informed public, aided by alternative media, contrasts sharply with the misinformed populace during the Great Depression, though there is concern about increased internet censorship. They stress the urgency of utilizing existing freedoms to spread awareness and unify against these threats, emphasizing the deliberate global plans of central banking powers, their history of supporting totalitarianism and warfare, and the potential for escalating global violence. The segment concludes by underscoring the necessity of challenging the unchecked power of central banks to prevent these destructive outcomes.

00:55:00

In this part of the video, the discussion focuses on the need to oppose the development of Central Bank digital currencies (CBDCs) due to the power they would give central bankers. It mentions the possible creation of private sector solutions that central banks might control and stresses the importance of legislative changes to counter these developments. Additionally, practical advice is given for individuals to manage their personal situations, such as getting out of debt if possible, ensuring physical well-being, and being prepared for potential supply disruptions. The conversation also highlights the benevolence of the real world if detrimental activities in the financial system and warfare were halted. The segment concludes with gratitude for the guest’s contributions and mentions resources available for further information.