All private assets are in danger of becoming the property of a few large private banks in the next financial crash.
The laws were changed nationally and internationally behind the public's back in response to this expropriation of dead talent.
In his recently published book The Great Taking, high-ranking financial insider David Webb
explains and proves how this could have happened.
What's more, the most devastating financial crash of all time is just around the corner.
In plain language: EVERYONE can lose EVERYTHING very quickly.
But David Webb also sees an opportunity and provides a viable way out.
Watch his comments below. Excerpts from The Great Taking by David
[My name is David Webb.
I live in Stockholm, Sweden.
I managed public equities and eventually hedge funds and its bursting.
As a boy, I witnessed the beginning of Cleveland's industrial collapse, and I grew up
needing to understand what was destroying us.
Because my family, which had previously been very happy, a happy, benevolent family, was deeply affected by it,
and it literally destroyed the place where I had grown up.
So I decided to study economics and finance.
I think I'm different from other people in this financial world because I don't really care about money.
I've always been interested in understanding things, and that has actually given me an advantage.
I understood things that other people didn't.
In 2008, I witnessed the first bankruptcy of a broker-dealer .
What shocked me was the fact that this broker-dealer's client accounts were charged to the broker's
bankruptcy estate, which would never have been possible before.
Throughout the history of securities, they have been personal property.
So I started researching what might have changed.
I discovered that this had been done through changes to the Uniform Commercial Code in the United States.
This had been changed in all 50 states.
This meant that it could be carried out quietly over a long period of time and did not have to be
done at federal level to avoid attracting attention.
This created a new legal construct for a claim to security.
Then in 2005, there was a change in bankruptcy law in the United States that created something called the safe harbor.
That also sounds good.
But safe harbor means that the secured creditors have a safe haven to take the customers' assets and that
they can be absolutely sure that they will get the customers' assets even in the event of fraud.
Only the very largest banks are authorized to take customer funds.
So you don't want anyone to interfere and take anything away.
Only they will take it.
The system has been changed so that ownership is transferred to a higher level and held in bundled form, especially in a
crisis, to meet the demands of the secured creditor system.
And when that happens, the people who thought they were protected, including the most sophisticated institutions
and pension funds, will no longer have any protection.
And the secured creditors will seize all the underlying shares and bonds, giving them control of all public companies.
They have constructed this so that they can take things for themselves.
You can take all securities as collateral from people and companies that have no loans against
them, but own everything clearly and unambiguously.
Let me give you an example as an analogy to illustrate the horror of this process:
So you bought a car and paid cash.
You think you are very conservative.
You have no debts for the car.
But unbeknownst to you, the dealer is still checking your car as security.
You will not be told that.
The dealer uses your car and all the other cars he sells as collateral for his loans and his business.
Now the retailer is going bankrupt.
And only certain secured creditors are authorized to immediately collect your car and all cars
ever sold by the dealer without any court review.
When I describe this to people, they worry about their cars.
This is not about your car.
This is an analogy for what has happened.
It's much worse than if it was just about your car, because it's literally about the entire securities complex around the world.
It is therefore not your inability to pay that causes the loss of your assets.
It is the insolvency of people who have secretly used your collateral as their
property without telling you or disclosing it.
This is an elaborate story.
So yes, they changed the law. They changed the Uniform Commercial Code.
This began in 1994.
So there was a plan that was executed over decades to achieve this.
A harmonization process was then initiated to enshrine this model in law worldwide.
And they did so through the EU.
The first discussion of this in EU documents dates back to 2002.
At that time, the process began in the aftermath of the dotcom bankruptcy.
And the EU created something it calls the Legal Certainty Group.
And that also sounds like a good thing.
What is meant, however, is legal security for the secured creditors to seize the customers' assets.
It's like a game of Monopoly, where all the money from all the pieces on the board is drawn back to the bank.
And then they say, let's start a new game.
We start from the basis that we have everything and you have nothing.
So do you want to borrow something?
And that is what the CBDC , the central bank's digital currency, will be.
It will be very difficult for people to resist the use of CBDC because they will literally not be able to eat.
And that is why it is so important to raise awareness in advance so that people understand what is happening.
And so that people can get involved right up to the top levels of the system.
It has the potential to activate very capable people, right up to the top of the system.
It has the potential to unite people against this system.
So there is a head of the snake, but it can't do anything on its own, it relies on the muscle
under the snake's head to do everything for it.
And part of the task is to push this awareness up to this muscle.
So everyone has to deal with it, including people who believe that they have power and can make a difference.
And this must be done legally.
It must be combated by legal means.
I mean, imagine what would happen if judges in important positions found out about it.
Prosecutors. It has never really been investigated how this fraud system can be abolished.
And there will be ways to do this, because it is just a construct.
The book The Great Taking by David Webb and the longer documentary film can be found here: TheGreatTaking.com