(International Man)—A recent book by David Webb sheds new light on exactly what happened during the Great Depression. In Webb’s view, it was a set up.
Webb is a successful former investment banker and hedge fund manager with experience at the highest levels of the financial system. He published The Great Taking a few months ago, and recently supplemented it with a video documentary. Thorough, concise, comprehensible and FREE. Why? Because he wants everyone to understand what’s being done.
The Great Taking describes the roadmap to collapse the system, suppress the people, and seize all your assets. And it includes the receipts.
You Already Own Nothing
Webb’s book illustrates, among other things, how changes in the Uniform Commercial Code converted asset ownership into a security entitlement. The “entitlement” designation made personal property a mere contractual claim. The “entitled” person is a “beneficial” owner, but not the legal one.
In the event a financial institution is insolvent, the legal owner is the “entity that controls the security with a security interest.” In essence, client assets belong to the banks. But it’s much worse than that. This isn’t simply a matter of losing your cash to a bank bail-in. The entire financial system has been wired for a controlled demolition.
Webb describes in detail how the trap was set, and how the Great Depression provides precedent. In 1933, FDR declared a “Bank Holiday.” By executive order, banks were closed. Later, only those approved by the Fed were allowed to reopen.
Maximize savings. Support great patriot Mike Lindell. Use promo code “JDR” at MyPillow and take advantage of the $25 EXTRAVAGANZA happening right now.
Thousands of banks were left to die. People with money in those disfavored institutions lost all of it, as well as anything they’d financed (houses, cars, businesses) that they now couldn’t pay for. Then, a few “chosen” banks consolidated all the assets in the system.
Centralization and Systemic Risk
As Webb shows, the cake has been baked for years. But this week came a sign it’s coming out of the oven. Last Monday, Bloomberg admitted that measures taken to ostensibly “protect the system” actually amplify risk.
In the wake of the 2008 financial crisis, G20 ‘leaders’ mandated all standardized Over The Counter (OTC) derivatives be cleared through central counterparties (CCPs), ostensibly to reduce counter party risk and increase market transparency. The best known CCP in the US is the Depository Trust and Clearing Corporation (DTCC), which processes trillions of dollars of securities transactions each day.
Before 2012, OTC derivative trades were bi-lateral and counterparty risk was managed by parties to a transaction. When doing business directly with other firms, each had to make sure it was dealing with reliable parties. If they had a bad reputation or were not creditworthy, counterparties could consider them toxic and shut them out of trades. This, according to the wise G20 leadership, was too risky.
With the introduction of central clearing mandates, counterparty risk was shifted via CCPs away from the firms doing the deal to the system itself. Creditworthiness and reputation were replaced with collateral and complex models.
Brokers, banks, asset managers, hedge funds, corporations, insurance companies and other so-called “clearing parties” participate in the market by first posting collateral in the form of Initial Margin (IM) with the CCP. It’s through this IM and a separate and much smaller Default Fund (DF) held at the CCP that counterparty risk is managed.
To ‘Mutualise’ Losses
Shifting risk from individual parties to the collective is a recipe for trouble. But, as explained in a recent report from the BIS, it’s worse than that. The structure of CCPs themselves can cause “Margin Spirals” and “wrong-way risk” in the event of market turbulence.
In flight-to-safety episodes, CCPs hike margin requirements. According to the BIS,
“Sudden and large IM hikes force deleveraging by derivative counterparties and can precipitate fire sales that lead to higher volatility and additional IM hikes in so-called margin spirals.”
We’ve already gotten a taste of what this can look like. Similar margin spirals “occurred in early 2020 (Covid-19) and 2022 (invasion of Ukraine), reflecting the risk-sensitive nature of IM models.”
Government Bonds as a source of trouble
The second area of systemic risk is the dual use of government bonds as both collateral and as underlying assets in derivatives contracts. Volatility in the government bond market can lead to a demand for more collateral underlying the derivatives markets precisely when government bond prices are declining. Falling bond prices erode the value of the existing IM. Collateral demands skyrocket just as the value of current and would-be collateral is evaporating.
Again, the BIS:
Wrong-way risk dynamics appeared to play a role during the 2010–11 Irish sovereign debt crisis. At that time, investors liquidated their positions in Irish government bonds after a CCP raised the haircuts on such bonds when used as collateral. This led to lower prices of Irish government bonds triggering further haircuts, further position closures and ultimately a downward price spiral.
Designed to fail
The BIS doesn’t admit it, but Webb says the CCPs themselves are deliberately under-capitalized and designed to fail. The start-up of a new CCP is planned and pre-funded. When that happens, it’ll be the “secured creditors” who will take control of ALL the underlying collateral.
Once more, the BIS:
Keep it simple. Avoid the scams. Let Genesis rollover your retirement accounts into a self-direct IRA backed by physical precious metals.
…to mutualise potential default losses in excess of IM, CCPs also require their members to contribute to a default fund (DF). As a result, CCPs are in command of large pools of liquid assets.
That “large pool of liquid assets” is the full universe of traded securities.
In a market collapse, the stocks and bonds you think you own will be sucked into the default fund (DF) as additional collateral for the evaporating value of the derivatives complex. This is “The Great Taking”.
Buffett’s famous line rings true: “You only find out who is swimming naked when the tide goes out.” Most of us are on the verge of learning that we’re the ones without any clothes.
If you haven’t read “The Great Taking” or watched the documentary, I recommend you pour yourself a stiff drink and watch it now:
Five Things New “Preppers” Forget When Getting Ready for Bad Times Ahead
The preparedness community is growing faster than it has in decades. Even during peak times such as Y2K, the economic downturn of 2008, and Covid, the vast majority of Americans made sure they had plenty of toilet paper but didn’t really stockpile anything else.
Things have changed. There’s a growing anxiety in this presidential election year that has prompted more Americans to get prepared for crazy events in the future. Some of it is being driven by fearmongers, but there are valid concerns with the economy, food supply, pharmaceuticals, the energy grid, and mass rioting that have pushed average Americans into “prepper” mode.
There are degrees of preparedness. One does not have to be a full-blown “doomsday prepper” living off-grid in a secure Montana bunker in order to be ahead of the curve. In many ways, preparedness isn’t about being able to perfectly handle every conceivable situation. It’s about being less dependent on government for as long as possible. Those who have proper “preps” will not be waiting for FEMA to distribute emergency supplies to the desperate masses.
Below are five things people new to preparedness (and sometimes even those with experience) often forget as they get ready. All five are common sense notions that do not rely on doomsday in order to be useful. It may be nice to own a tank during the apocalypse but there’s not much you can do with it until things get really crazy. The recommendations below can have places in the lives of average Americans whether doomsday comes or not.
Note: The information provided by this publication or any related communications is for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice.
Secured Wealth
Whether in the bank or held in a retirement account, most Americans feel that their life’s savings is relatively secure. At least they did until the last couple of years when de-banking, geopolitical turmoil, and the threat of Central Bank Digital Currencies reared their ugly heads.
It behooves Americans to diversify their holdings. If there’s a triggering event or series of events that cripple the financial systems or devalue the U.S. Dollar, wealth can evaporate quickly. To hedge against potential turmoil, many Americans are looking in two directions: Crypto and physical precious metals.
There are huge advantages to cryptocurrencies, but there are also inherent risks because “virtual” money can become challenging to spend. Add in the push by central banks and governments to regulate or even replace cryptocurrencies with their own versions they control and the risks amplify. There’s nothing wrong with cryptocurrencies today but things can change rapidly.
As for physical precious metals, many Americans pay cash to keep plenty on hand in their safe. Rolling over or transferring retirement accounts into self-directed IRAs is also a popular option, but there are caveats. It can often take weeks or even months to get the gold and silver shipped if the owner chooses to close their account. This is why Genesis Gold Group stands out. Their relationship with the depositories allows for rapid closure and shipping, often in less than 10 days from the time the account holder makes their move. This can come in handy if things appear to be heading south.
Lots of Potable Water
One of the biggest shocks that hit new preppers is understanding how much potable water they need in order to survive. Experts claim one gallon of water per person per day is necessary. Even the most conservative estimates put it at over half-a-gallon. That means that for a family of four, they’ll need around 120 gallons of water to survive for a month if the taps turn off and the stores empty out.
Being near a fresh water source, whether it’s a river, lake, or well, is a best practice among experienced preppers. It’s necessary to have a water filter as well, even if the taps are still working. Many refuse to drink tap water even when there is no emergency. Berkey was our previous favorite but they’re under attack from regulators so the Alexapure systems are solid replacements.
For those in the city or away from fresh water sources, storage is the best option. This can be challenging because proper water storage containers take up a lot of room and are difficult to move if the need arises. For “bug in” situations, having a larger container that stores hundreds or even thousands of gallons is better than stacking 1-5 gallon containers. Unfortunately, they won’t be easily transportable and they can cost a lot to install.
Water is critical. If chaos erupts and water infrastructure is compromised, having a large backup supply can be lifesaving.
Pharmaceuticals and Medical Supplies
There are multiple threats specific to the medical supply chain. With Chinese and Indian imports accounting for over 90% of pharmaceutical ingredients in the United States, deteriorating relations could make it impossible to get the medicines and antibiotics many of us need.
Stocking up many prescription medications can be hard. Doctors generally do not like to prescribe large batches of drugs even if they are shelf-stable for extended periods of time. It is a best practice to ask your doctor if they can prescribe a larger amount. Today, some are sympathetic to concerns about pharmacies running out or becoming inaccessible. Tell them your concerns. It’s worth a shot. The worst they can do is say no.
If your doctor is unwilling to help you stock up on medicines, then Jase Medical is a good alternative. Through telehealth, they can prescribe daily meds or antibiotics that are shipped to your door. As proponents of medical freedom, they empathize with those who want to have enough medical supplies on hand in case things go wrong.
Energy Sources
The vast majority of Americans are locked into the grid. This has proven to be a massive liability when the grid goes down. Unfortunately, there are no inexpensive remedies.
Those living off-grid had to either spend a lot of money or effort (or both) to get their alternative energy sources like solar set up. For those who do not want to go so far, it’s still a best practice to have backup power sources. Diesel generators and portable solar panels are the two most popular, and while they’re not inexpensive they are not out of reach of most Americans who are concerned about being without power for extended periods of time.
Natural gas is another necessity for many, but that’s far more challenging to replace. Having alternatives for heating and cooking that can be powered if gas and electric grids go down is important. Have a backup for items that require power such as manual can openers. If you’re stuck eating canned foods for a while and all you have is an electric opener, you’ll have problems.
Don’t Forget the Protein
When most think about “prepping,” they think about their food supply. More Americans are turning to gardening and homesteading as ways to produce their own food. Others are working with local farmers and ranchers to purchase directly from the sources. This is a good idea whether doomsday comes or not, but it’s particularly important if the food supply chain is broken.
Most grocery stores have about one to two weeks worth of food, as do most American households. Grocers rely heavily on truckers to receive their ongoing shipments. In a crisis, the current process can fail. It behooves Americans for multiple reasons to localize their food purchases as much as possible.
Long-term storage is another popular option. Canned foods, MREs, and freeze dried meals are selling out quickly even as prices rise. But one component that is conspicuously absent in shelf-stable food is high-quality protein. Most survival food companies offer low quality “protein buckets” or cans of meat, but they are often barely edible.
Prepper All-Naturals offers premium cuts of steak that have been cooked sous vide and freeze dried to give them a 25-year shelf life. They offer Ribeye, NY Strip, and Tenderloin among others.
Having buckets of beans and rice is a good start, but keeping a solid supply of high-quality protein isn’t just healthier. It can help a family maintain normalcy through crises.
Prepare Without Fear
With all the challenges we face as Americans today, it can be emotionally draining. Citizens are scared and there’s nothing irrational about their concerns. Being prepared and making lifestyle changes to secure necessities can go a long way toward overcoming the fears that plague us. We should hope and pray for the best but prepare for the worst. And if the worst does come, then knowing we did what we could to be ready for it will help us face those challenges with confidence.
The covid scam looks more and more like a test of public reaction to government control. The globalist cabal is headed by a few very intelligent men, who still respect an armed rebellion and are looking for the right time to seize outright control of everything. An obvious man made virus, useless masking of the people, and rigged elections, with zero consequences, bolster their confidence. It appears about 80% of the world is ripe for the picking. What percentage are they waiting for?
I would argue that a particular percentage is not the catalyst, but a specific and monumental event. That event, in my opinion, is the elimination/assassination of Trump at some point early next year, but certainly before the “election.”
The deep state is not going to permit Trump to make it to Nov. 2024.
For sure they will try. The question for me is, will they succeed?
Will they succeed? Ask RFk Sr., JFK, and Epstein.
Your question, “ what percentage are they waiting for?” With no intention to proselytize I am a well educated man. Well educated as in having attended college but also a student of the Bible as a believer, historian, and as an instructional manual for God/human interaction.
As in most scientific discoveries “observation” of all things down to minutiae is necessary in order to form and prove out hypothesis’s. So it is with God/human interaction, if one is objective the golden thread of God’s plan is there throughout history. For decades I have dispassionately observed our economic political processes. My observation is nothing is ever as it seems.
Events since 2008 with a keen observation of post 2019 events revealed disconnects which only made sense when juxtaposed to Biblical prophesy, uncannily so. Which brings me to your query “whatever are they waiting for?” Well it seems that all the bit players, scenes, policies, and processes are in place for a total global takeover. My observation is they are being held back until some earth shaking event occurs. Many secular and religious have come to the same conclusion. IMHO per scripture, they are waiting “for He who lets, to be taken out of the way.” In Biblical context he who lets is the Holy Spirit and he will be taken away in a momentous event called “the great catching away” or as is referenced by many “the Rapture of Christ’s” true believers. At this inflection point those who are being held back will move forward with an evil life crushing agenda culminating with the physical return of Christ to earth. Sounds fantastic I know, but it is the only thing that makes perfect sense at this juncture. Which prompts other questions which each one of us must seek the answers to. However, time is of essence. Semper Fi
I call that “golden thread” the DNA of life.
Guess what educated man. I suggest you read Mario Biglios book The Naked Bible. correctly translated the Torah and the Talmud clearly detail how the source of the big three religions were the Elohim, aliens that took over earth. The evidence is undeniable and overwhelming, and “ makes perfect sense“. Mario‘s job in the Vatican for years was to seriously and perfectly translate Hebrew properly, as opposed to how it was translated through centuries of control motivated dogma and ignorance. after the aliens left, humans had a good thing going, why stop it? I get so tired of the three pronged spear of fear dogma. Fear of spear prong number one: follow my religion, or something really bad will happen to you, but it won’t happen until after you die, which makes my position unassailable.
Number 2: you will burn, your skin will be on fire.
Number3: it lasts forever.
At least for me, motivation by fear doesn’t get me very far. there is something about discovering truths within and without that is very exciting and motivating.
Thanks, Ken! Glad to know that someone else read Mario’s books. He also has his own video channel, so check YT. Mario Biglino’s book, ‘The Naked Bible’ is only the tip of the iceberg. Glad that he mentioned that the Hebrew language did not even exist during the time of a Moses. The story of Moses is the story of King Sargon I, who lived 1500 years before a Moses showed up. Stealing the history from other civilizations like the Sumerian, Babylonian, Egyptian and Persians, including theft is disquieting. When you remove names, places, events and gods from those who came before us, ( Atlantis, Northland, Doggerland, Peru, Tibet, Gobi, Indus, Sumer, Egypt, Babylon, etc. ), remove and change entire contents of ancient writings ( ancient tablets, Kunifer writing, etc., ancient artifacts not only discovered throughout the Middle Eastern countries alone, but around the world) and concoct it to make up your own story to suit your agenda, is called ‘name stealers’.
When talking to independent archeologist, geologists and linguists from around the globe, you look at our so called history in a new way. To bad, Jacques Cousteau is no longer with us to talk about discoveries he made in the oceans around the world.
As for the Elohim, Nephilim, Annunaki, Pleiades, ( so-called E.Ts ) who came and went, for hundreds of thousands of years leaving their genetic imprint ( see Genesis ) via gene manipulation ( medical scientists), developments in many areas through their engineers, advanced technologies ( see ancient buildings on land and under the oceans, world wide connecting underground tunnels, etc. ) We are not the crown of creation in this vast universe).
Who were the tall red headed, blue eyed giants, whose skeletons have been found all over the world. What about the 6000- 8000 year old blond, blue eyed, red haired green eyed white mummies, found in the Gobi desert, dressed in fine garments, the women’s long, braided hair so well preserved that they looked like they were sleeping. What about the 8 foot tall skeleton of a Nordic male, dating back 10 000 plus years found in Main, known as the Kennebunk man.
Recently, Russian archeologists found during excavations in the Siberian mountains the perfectly preserved body of a 10 years old lad who according to carbon foot print lived 30 000 to 32 000 years ago. According to the Institute of Archeology and Forensic Science in Moscow, DNA showed that the young lad was of Germanic descent.
When the Spaniards arrived at the eastern coastline of southern Central America, they encountered within a short time the local inhabitants who greeted the light skinned crew, wearing plumed headpieces with surprised looks ’cause they thought their old visitors had come back. It has been recorded that the Aztec King Quetzalcoatl and his council asked the head of the Spanish explorers, why they arrived on land by foot, and not from the sky in their flying clouds, as they always did in the past. Same encounters can be found throughout the natives in other parts of the world.
The history of our world is built on lies which has been used to deceive, use, abuse and enslave mankind spiritually and physically to this very day. It is time our human race reject the manipulation, brainwashing, programming we are being bombarded with 24/7. If the People’ continue to allow the destruction and madness that is going on all around us, our situation will only worsen and deteriorate further.
Something to think about:
In 1858, the Eastern region of the United States and Canada was hit with an EMP which from our sun. The impact fried all the telegraph wires from the north to the south and caused fires throughout the Appalachian mountain. At the time of the impact, the north American continent had been facing the sun and therefore received the brunt of the EMP. Since the incident the science community began paying close attention to what happened, digging into the past trying to find anything written about such event. Low and behold, those good ole Sumerians left some interesting material for future generations, so did the keepers, de-Gelukspa in the very high and remote Himalayan mountain range, ( above 11 000 foot altitude), in Tibet. The highest region along the Andes mountain is another such place were the locals to this day keep oral records, past down word by word to the keepers of time, from generation to generation.
Presently we’re are still in a solar minimum, which will soon change, ’cause our sun will increase in activity. Those who still believe in the greenhouse and climate hoax better wise up and pay attention, ’cause we’re moving toward the next sun maximum which will have a profound impact not only on our planet, but all our neighboring planets in this galaxy. More EMPs are coming our way, and depending on their size will bring geological and Atmospheric changes. ( research the mini ice age which in the 15th Century not only affected Europe ( frozen rivers ) but all parts of the northern hemisphere.
The big Enchilada:
The so- called ptb have all the data ( ancient calendar, records ) knowing about the unavoidable, re-occurring cycle on our planet. Due to increasing sun activity which not only impacts our Earth’s atmosphere, but our electromagnetic poles, and inner magma ( see increasing Vulcanic activities and growing sink holes around the globe, breakup and splitting of mountains, mile long coastal areas sliding into the sea, new islands coming up in the oceans, landmasses collapsing, water rising from beneath deserts, etc. ) we have been able to follow a tremendous increase since 2012. Another interesting fact to know is that all navigational instruments in the cockpits of airplanes have to be adjusted ’cause the north pole continues to move toward the East.
TPTB know very well, that our sun will go full Nova around October 16, 2046 ( translated from ancient Sumerian Calendar to Roman Calendar ) To find out more visit — ‘dieholdfoundation’.
This is one of the reason why tptb are so ruthless forcing their agenda for AI, 5G, 6G, Biometric I.D via chip, mass vaccination, worldwide ABC warfare, controlled riots and destruction, weather control via cloud seeding, spraying of our skies, the flooding of every western country with illegals, breakdown of our healthcare system, the dismantling of our law and order, rising crimes and murder, etc.
The ptb already have their secured underground dwellings in place and stocked up with everything to survive the next event and are interconnected via a vast tunnel system.
Power outages will continue to increase as we move forward. When the power goes out, and is not coming back on, physical paper money, electronic money in cyber space won’t help when you have no longer electricity to access it. Batteries and generator will only go so far. If you know how to built your own basic electricity source and connect it to flowing water or windmill, you will be better of.
In the meanwhile think about what is truly important in your life, loved ones, friends. There are good people out there and many affordable sources that will be helpful to prepare for the rough turbulences ahead. Learn some valuable skills, trades, gardening, how to seasonally forage, make ones own medicine and remedies, etc. Take steps to become more self-sufficient and self reliant. Staying healthy and keeping in good physical and mental condition is another plus. Books from time gone by are one of the best sources to learn how people lived in times without electricity. Digging into the 18 and 19th century is an interesting study, ’cause it teaches important skills people have long forgotten.
Blessings
Aliens! Wow!
I have a question for you, Mr. Rucker, if you read the comments section. Could you please do an article on where to take your money if you need to get away from one of the big banks, like Bank of America, but don’t know who can be trusted if any of them can. If you can’t name names to avoid the appearance of shilling for them (I don’t know if that matters or not), could you write about credit unions versus banks and if the credit unions are safer?
Credit Unions are better than Banks, Yes, but neither are safe. The only safe way to hold wealth or value is for you to hold it yourself. Now, what to hold that will have value. The answer to that is to ask yourself what do you need the most. When all else is striped away, what is going to matter to you and others. That will become your currency for trade. All of the “systems” will fail. If these questions are too hard for you, find homeless people and ask them what do they need. Strip away the money and booze from their answers and you might just find out the truth. What could you have that others will want or need? The one answer you probably will not get that is actually the most important is: freedom. And in that vein, freedom to believe what you want or feel is right. You will find the spirit world is greater than the physical world.
Two recent movies from the cabal show this to be accurate. Want to know what the purpose of “Leave the World Behind” and “Civil War” are? NOT to prepare the public for these two disasters, but to SCARE the public into accepting the tyrannical solutions of CBDC, and tyrannical control over the masses. People have become so oblivious to reality, that they no longer have to ACTUALLY perform any of these acts, they just have to SIMULATE them in Hollywood, and the reaction of the majority of people, (those with an IQ lower than 70) will be the same as if the incident actually happened, This IS the great taking, and YOUR RIGHTS are the target. Since we failed to act time and time again, because “we” including most on the right have been dumbed down so much, that “we” refuse to listen to the warnings all around us, Enjoy your tyranny, because NO amount of “voting” is going to save you now.
Yes, conditioning us was the tool. It appears it has already worked too. COVID was a test to see if and how well it worked. Judge for yourselves. It worked.
Another writer says you will soon not be able to own your own home due the unrealized gains they will now tax where as before it was never considered profit now is. These deluded commies up there want EVERYTHING you have and NOW!
Maybe they have it now and just waiting to PULL the rug right under us.
I 100% agree with “da sarge” comment. We need to turn to God right now, today! People think things are bad now, just wait until The Holy Spirit & the church are taken from earth. Tribulation time. The Holy Bible does say (Revelation ch. 7 verses 9-14) a great multitude WILL overcome all the evil that will probably soon be unleashed on all the earth.