Several years ago, my colleagues Justin Haskins and Donald Kendall warned the public about a plan concocted by the World Economic Forum called the “New World Order.”great reset”
Initially, corporate media and globalist institutions sympathetic to this new world order ridiculed and ridiculed anyone who referred to the Great Reset negatively as crazy. conspiracy theorist. But in this case, the truth ultimately won out. Now, the Great Reset is a clumsy attempt by Klaus Schwab and the World Economic Forum to use the COVID-19 pandemic to restructure society on a global scale, replacing shareholder capitalism with stakeholder capitalism. It is well known as.
We believe that financial institutions that are too big to fail have little to worry about.
The unraveling of the Great Reset was just the beginning. Let me introduce you to something even more creepy.great photography”
david rogers webbThe author of The Great Taken describes this as “the final stage of the current globally synchronized supercycle of debt accumulation”.
“The Great Taking” refers to a decades-long plan by characters in which the entire economic game is rigged in their favor, desperate to win under virtually any circumstances.
When times are good and the economy is doing well, Great Taking allows those at the top of the economic food chain to make money by handing over their fists. But more importantly, the Great Taking ensures that those in the highest positions of power have nothing to worry about in the event of an economic collapse.
The story goes back to the 1960s, when Wall Street wasPaperwork crisis.As computers were coming of age, Wall Street moved from paper certificate-based securities ownership systems to digital custody transfer systems. This results in depositary trust company In 1973, it aims to “reduce costs and provide clearing and settlement efficiencies by locking in securities and ‘transferring’ changes in ownership of securities.”
By the mid-1990s, Uniform Commercial Code, the “comprehensive set of laws governing all commercial transactions in the United States” has been revised to require that retail customers with IRA and 401(k) accounts own what is called a “security entitlement” rather than the actual securities themselves. Now you can. This meant that major financial institutions could “safely use investment securities as collateral.” Essentially, this allowed large banks to use their customers’ securities in investment accounts as collateral in the derivatives market.
It also served as a wrecking ball for private property rights, as Americans no longer owned the securities in their retirement accounts.
Over the years, DTC has become the world’s largest securities custodian. As of this writing, the company holds “more than 1.4 million active securities in custody” worth $87.1. Trillion. DTC is also “a member of the U.S. Federal Reserve System, a limited purpose trust company under the New York State Banking Act, and a clearinghouse registered with the U.S. Securities and Exchange Commission.”
Then came the 2008 financial crisis, which put the new system to the test.
What happened next is almost unbelievable. At the height of the housing meltdown, when the economy was teetering on the brink, Lehman Brothers, the giant investment bank that had made some bad bets on the housing market, filed for bankruptcy. JPMorgan Chase, Lehman’s custodian, also happened to be Lehman’s main lender. When Lehman went bankrupt, changes in bankruptcy law brought JPMorgan Chase to the forefront of distributing Lehman’s assets.
Meanwhile, ordinary Lehman customers who lost everything were pushed to the back of the line and had a portion of what they were owed repaid.
The point is, this was just an opening act, a dry run of sorts. What Americans should really be concerned about is what will happen if a larger economic collapse occurs. If that nightmare scenario were to occur, millions of Americans who hold large amounts of securities would simply be out of luck because they don’t actually own those securities. is almost certain.
On the other hand, I’m convinced that too-big-to-fail financial institutions like JPMorgan Chase & Co. have little to worry about. They will jump to the front lines and get government bailouts and also screw customers. Just like in 2008, the scale has grown by an order of magnitude.
If you think the Great Recession is bad, you haven’t seen anything yet. Great Taken makes the Great Recession and Depression seem like a leisurely walk in the park.
