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The Great Taking (farside.link)

submitted 9 months ago* (last edited 9 months ago) by [email protected] to c/[email protected]

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David Webb exposes the system Central Bankers have in place to take everything from everyone.

Download the book and get more information here:

https://thegreattaking.com/

edit: If this theory holds any weight, this could be the method intended to take your GME shares from you, or any other assets, out the back door while you are watching the front.

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[–] [email protected] 5 points 9 months ago (2 children)

Watched this one over the holiday. Was a good listen certainly and nice to see more and more coverage of the crisis of ownership.

Starts slow - and then by 15 min is talking about much the same structural issues we've noticed (share entitlements, pooled shares / fungible bulk) but from a banking cartel perspective.

Takes a long time to mention DTCC by name, doesn't mention Cede. Incorrectly asserts that all shares are owned by them, flies past that assertion. This is the same issue I had with the book. It's sensational, but inaccurate. We know it's at least 83% probably 90% plus - but he says 'all' multiple times.

Love the detailed points about how central clearing has robbed derivative investors of clarity when trying to assess risk and how fragile it makes the market infrastructure.

The second half is all theory and alarm about how the breakdown will happen... Which is fine, but not based in same level of fact imo. Ultimately takes an approach which doesn't perceive avenue to ownership exists. Unaware of DRS or intentionally misleading? Why not mention the key way investors can legally evade the 'great taking'?

That being said, his final suggestion that banking should be a not for profit / public utility is one I agree with (love my credit union). I would sooner see this democratization of money moved away from state control and towards citizen control through some kind of blockchain. That would help simplify and enable his tax reform suggestions as well. Limiting impact of military contractors, certainly want that too. These policy suggestions though I agree with them seem out of place to me in the video (ownership crisis is plenty) and I wish DRS had been mentioned as an insulating factor. Cue 'you call yourself a cynic, but you still have some faith in the system' from DRS detractors, lol.

So interesting in his closing statements he talks about holding things directly - such as land or property. Good advice absolutely. Don't hold debt. But not securities?

[–] [email protected] 3 points 9 months ago* (last edited 9 months ago)

Really good input and perspectives as always, Chives. I refrained from giving many of my own thoughts when posting as I wanted those who hadn't seen or read it to go in cold and form their own opinions and generate discussion here. But I will share now that many of my thoughts are similar to some of yours. I selfishly wish he'd delved deeper into certain areas and highlighted different issues. But his experience in the industry certainly eclipses mine, and I suspect that based on this abbreviated condensation of the issues he's concerned with that he is attempting to reach a broader audience and not speaking as directly to communities like this who have done deep dives around market structure and ownership over the past few years.

I thought at the very least it was worth considering what he presents and would almost certainly lead anyone who's curiosity was piqued by the discussion to pull on threads that may lead them down some of the trails communities like this have also tugged and followed down the rabbit holes they lead into.

[–] [email protected] 2 points 9 months ago

To follow up again, it sounds like Mr. Webb is interested in discussing this and spreading the info. I know he's done a few other interviews to promote this message.

Are there any people in the GME communities who might be able to catch his interest to do an interview or press him on some of your specific concerns and issues, or those of people who are involved or sympathetic to our cause?

If anyone here or elsewhere is that person, or aware of someone who may have the interest or pull, I'd think that could be illuminating.