This is the same topic as in the book "The Great Taking" by David Webb. The gist: in dire financial times, your accounts and stocks are not secure, your 401{k} is open to be usurped, your home can be taken (if not fully paid for, even then they will come for it with increased property taxes until they force you to rent). Read the book and position yourself accordingly as "the start" approaches quickly.
"the childish gullibility of the American people". This is the crux of the problem. And it's not fixable, human nature is what it is. Although some can be awakened to a degree, as COVID jab uptake shows. No need to include "American", it's universal. In fact we seem marginally better than some. Canadians are worse, clearly. Europe self-destructed via demographic suicide. More Americans have fought against that than Europeans ever did.
John once again you bring important yet ignored issues to the for, and for that you are rightly admired. Your judgment articulated sometimes is another mattre: no one "fell" for the Russia collusion hoax: it simply became religious dogma of those who worshiped at Hillary's altar and were mentally undone by the barbaric Trump's trump! And I still think the utter mindless credulous of those who reverently stuck to the kill shot suffered under the same dogma. Both manfested imbecilic passion. As for 2008, that was not a recession: that was a massive economic financial collapse, and there is something that happened then that still strangles us, my first intuition is that is the "elites", then Comey, then Fauci, special folks of a corruption so polished they appeared to shine to many.
I admit I've not listened to this but I did scan David Webb's The Great Taking. When one opens an investment account there is a choice between a "cash" account or a "margin" account. Theoretically, with a cash account, the bank/investment co. is supposed to keep those securities separate and not available for lending out to short sellers or for synthetic ETFs. Whether they do or not is another question. Interestingly, my bank recently asked me to put some of my securities (now in a cash account) into a lending program. I would earn some of the interest they collect. To go to that much trouble indicates how profitable it is for them. A cash account does not allow options, not even long positions, and no borrowing, so it may be easy to convince customers to opt for a margin account. And they just assume the bank couldn't possibly lose their securities...... And people think I'm nuts for opting for a "cash" account.
Great post John. We have lived in a manufactured reality for a long time. It manifests as somnambulism. Many remain asleep and the rest of us are left with the results of living side by side with them in our families and communities. I live in one of the bluest states in the country. 80% have no clue what has happened in our shared world, what is happening. I find living with them exhausting
*Important technical request included in text* Canadian "Bankster" Mark Carney is one of the W.E.F. operatives I see as being instrumental in the widespread 'takings' looming. This is a fascinating topic John Leake... and a clear and present danger to the citizens of the nations. I have a request...I use StarLink...one of the better providers of top quality internet in remote and rural areas...yet I received, on this video, only about 70-80 percent of the audio. I wonder if it is possible, for all Focal Points presentations, to ensure closed captioning is included. That way, unscrupulous 'actors' cannot disrupt the flow of information. Thanks, John Leake... this is indeed a very important public service video actually, and this warning is timely.
It now appears evident, thanks to your post John Leake, that the financial scam and the political scam were two sides of the same coin. Not only was no financier ever prosecuted for the massive Wall Street meltdown of 2006 - 08, they were rewarded with taxpayer bailout funds. And, as shown in 'The Great Taking', the very definition of a stock or bond was changed in the Uniform Commercial Code (UCC 8-511) from direct ownership to '...The claims of entitlement holders, other than the creditor, have priority over the claim of the creditor'. For more about the political distractions shielding notice of this stealth change, please see the Timeline: §5. Perfidious Albion and the Walrus, January - June 2016:
So basically the 8% of Boomers at university during the intentionally tumultuous 1960’s made names for themselves by making Marxism popular on campuses across America. They instigated the riots, calling themselves “revolutionaries” (Communists) by colluding with hate America cabal already in university professorships in academia, Hollywood, bureaucracy, and MSM corporate monopolists. They funded and hijacked to invert every movement of the day, tricking Boomers into “protesting” the war in Nam for example by villainizing the military to the point of slandering anyone in uniform service to America’s lawful authority, cops, firemen, mailman, and especially the military, same as their grandchildren today at university. They vowed to march through the institutions, and did, and by the 1990’s had pretty much captured them as those in politics, the chosen leaders (Representatives) established the uniparty using the One Democrat Party banner as their vehicle, colluding with globalist and hate America’s Constitutional factions and regimes to whittle down the Constitution by buying judgeships, DA’s, mayors, governorships, and SCOTUS appointees to the point of installing Presidential candidates as their own friends and family looked to a future as stake holders with “Foundations” with caring names as cover, the likes of USAID as it’s tentacles to build webs of corruption throughout America’s institutions, not to mention cutting their teeth in corruption with NGO’s funded by the globally private Federal Reserve holding the note that America’s middle classes must pay.
Economics 101: All debts are paid, either by the borrower or the lender, period.
The globalist invest $100 million to promote social cultural divides, and the uniparty Representatives vote to fund “the problem” through NGO’s with helpful names as if charitable, billions of middle class taxes fund it, 12% goes to some semblance of do good work, the remainder is kept by the leaders of the NGO’s, collecting contributions under the Democrat banner, laundering it through 501-C3-5 companies and LLC’s, the $100 million investment by globalists gain a $ billion, and the lawmakers have their campaigns funded.
It has been systemic since the 1990’s uniparty (Bush/Clinton), minus Trump, that immediately made old friends China and proxy Vietnam Communists favored nations, that’s why they hate Trump. Because he represents about 80% of America’s middle classes, except for about 30% of my Boomers who still think it’s the 1960’s, and they were good little revolutionary hippies doing drugs and Jody’s enjoying “free love” (Roe v Wade, 1973).
Think back to the markers, the demoralizing sloganeering and song. The slander of cultural America to create generalized loss of faith, demoralization to the point of loathsomeness, corruption, acceptance of prostitution across the board, Univision of sexual biology, drugs, gambling, and steady diets of crises unresolved. This is the mantra of global corruption hitched to the wagon of Communist deceit and Fascist terrorism to create fear and complicity.
I had thought that this Israeli war had been intended to spook the markets, blow up the derivatives, and trigger the biggest looting the world has ever seen. You may possibly know that all securities held in brokerage street name are actually owned by DTCC's owner, CEDE and Co. (Note the clever self-disclosure in that name.)
There is a way out if you own securities: Your broker can transfer shares to the Transfer Agent for that security (there are multiple transfer agents servicing all the securities out there). Your shares can be held in Direct Registration at the transfer agent. Held that way, they won't be swept up in the giant looting of collateral (I hope).
Thanks for covering this, John. The Great Taking is how the WEF intends to get us to own nothing. This is not a topic one can readily discuss on Substack.
David 1260, Your remarks on "Direct Registration at the transfer agent" make perfect sense, but that does involve putting some trust in the likes of Computershare. Is that trust merited ?
I don't know,- and this interview between James Patrick and John Leake in which Patrick refers to legislation developed over decades, which is hard to read and understand, and was written to enable that theft- makes me wonder.
In closing the interview, John states that contemplating these sorts of visions of vast theft become metaphysical-level problems for him. And so it should for the rest of us.
"...in my mind, using Computershare is part of a diversification strategy." (David 1260) OK, that sounds good.
Jane Wilson, above, describes "cash account" status of stocks in a bank/investment co. as required by regulation to be managed separately from stocks held in a "margin account". That also sounds good.
Oh, but wait, see above Peter Daniel Miller: "....the very definition of a stock or bond was changed in the Uniform Commercial Code..." , and this seems to me that it might override any diversification or safe haven strategy that sounds good .
Are "entitlement holders" involved in stocks held by transfer agents (Computershare etc.), and/or in stocks held by banks/investment co.s ??
The Supreme Court could rule that Yes, all the legislation enabling the taking is in fact a Taking, and therefore unconstitutional. Oh, but wait, they would be informed that if such a ruling were clear and meaningful, it would bring down the whole economy.
Thank you, fellow commenters. I don't mean to express hopelessness. I believe that real hope has to start with an honest look at the system. It looks rotten.
To answer your questions, I don't see how transfer agents can legally pledge your assets against their liabilities. That's how margin accounts get pledged. So my understanding, which is the best I've been able to come up with, is that cash accounts also can't be pledged.
Thanks for these thoughts- and I will see what Peak Prosperity says about this.
Two new off the top of my head: 1) "Possession is 9 points of the law." Any research on easements/rights of way, and adverse possession, reminds us that there is flexibility in the way property rights are treated in law.
2) By pure coincidence, I have just come across a description of Thomas Jefferson, following on discussion of national and state debt payment, launched into a soliloquy on usufruct (! a word I recognized but really had to look up).
In a nutshell, I tend to think that the usufruct argument, with respect to "Security Entitlement of an Entitlement Holder", fails because the crash of c. 2008 is compelling proof that playing with someone else's money- creating and trading derivatives and so on- is dangerous and does create systemic risk.
My suspicion is that the architecture for the Great Taking was designed to accompany the massive increase in derivatives. I think their collapse is intended to trigger the seizure of all pledged assets. To think that these bastards did all this **intending** to grab everyone's assets....
However, the scope and nature of a Security Entitlement of an Entitlement Holder below the level of a Participant is defined by applicable state law, as determined in Section 357.1 of the TRADES regulations."
In the John Leake interview, and the James Patick video, emphasis is placed on STATE LAW, and this appears to be the key.
The problem: Although I easily saw the approaching "collapse" of 2008, and although I may see many current and past problems, I never hear of a reasonable solution. What are we supposed to do about any of it? As a "poor" person, I lost nothing in '08. It's difficult to lose what you don't have. I also have no ability to "prepare" for anything, since I cannot move assets I don't have, cannot procure an emergency fund, etc. I rely on a weekly paycheck and am at the mercy of ever-increasing food, rent and home prices. Being aware is nice- I convinced my family of the stupidity of the Covid shots- but a lot of times knowing does not equal being able to control or even to persuade or avoid. It just means I'm not confused about "why's" as I see the world collapse around me. I'd really like to know "what do to about it all, anyway." lol
It would appear that lawmakers seem to think that if they write laws to enable crimes, it allows criminal behavior by privileged members of the parasite class. For example, indemnity for financial theft, murder by vaccine bioweapons, and forever wars.
There seems to be a total abdication of adhering to morality in these laws.
Having watched the entirety of The Great Taking Report STOP IT ! yesterday (available on YouTube), I can report that about 2/3 of the way through, David Rogers Webb states that the holding of paper certificates by an individual puts those shares of stock beyond the reach of derivatives trading/the big banks.
This is, as stated in the video, not a practical solution for IRAs, mutual funds, pension funds.
As I understood the statements in the video, everything the Intermediary (broker-dealers etc.) is holding is at risk, regardless of category. David 1260s comment on "Direct Registration" at a "Transfer Agent" does outline a way to remove shares from the grasp of the derivatives complex/biggest banks. (Transfer Agents seem not to be defined as Intermediaries ?)
The other solution is state laws which remedy the threat. Much of the video covers protagonists in Tennessee attempting to make such state law.
This comment is based on my close watching of the video, and my understanding of the content.
Until we hang a few dozen of the most destructive Banksters, they will just keep moving from criminal scam to criminal scam.
This is the same topic as in the book "The Great Taking" by David Webb. The gist: in dire financial times, your accounts and stocks are not secure, your 401{k} is open to be usurped, your home can be taken (if not fully paid for, even then they will come for it with increased property taxes until they force you to rent). Read the book and position yourself accordingly as "the start" approaches quickly.
"the childish gullibility of the American people". This is the crux of the problem. And it's not fixable, human nature is what it is. Although some can be awakened to a degree, as COVID jab uptake shows. No need to include "American", it's universal. In fact we seem marginally better than some. Canadians are worse, clearly. Europe self-destructed via demographic suicide. More Americans have fought against that than Europeans ever did.
John once again you bring important yet ignored issues to the for, and for that you are rightly admired. Your judgment articulated sometimes is another mattre: no one "fell" for the Russia collusion hoax: it simply became religious dogma of those who worshiped at Hillary's altar and were mentally undone by the barbaric Trump's trump! And I still think the utter mindless credulous of those who reverently stuck to the kill shot suffered under the same dogma. Both manfested imbecilic passion. As for 2008, that was not a recession: that was a massive economic financial collapse, and there is something that happened then that still strangles us, my first intuition is that is the "elites", then Comey, then Fauci, special folks of a corruption so polished they appeared to shine to many.
I admit I've not listened to this but I did scan David Webb's The Great Taking. When one opens an investment account there is a choice between a "cash" account or a "margin" account. Theoretically, with a cash account, the bank/investment co. is supposed to keep those securities separate and not available for lending out to short sellers or for synthetic ETFs. Whether they do or not is another question. Interestingly, my bank recently asked me to put some of my securities (now in a cash account) into a lending program. I would earn some of the interest they collect. To go to that much trouble indicates how profitable it is for them. A cash account does not allow options, not even long positions, and no borrowing, so it may be easy to convince customers to opt for a margin account. And they just assume the bank couldn't possibly lose their securities...... And people think I'm nuts for opting for a "cash" account.
Great post John. We have lived in a manufactured reality for a long time. It manifests as somnambulism. Many remain asleep and the rest of us are left with the results of living side by side with them in our families and communities. I live in one of the bluest states in the country. 80% have no clue what has happened in our shared world, what is happening. I find living with them exhausting
*Important technical request included in text* Canadian "Bankster" Mark Carney is one of the W.E.F. operatives I see as being instrumental in the widespread 'takings' looming. This is a fascinating topic John Leake... and a clear and present danger to the citizens of the nations. I have a request...I use StarLink...one of the better providers of top quality internet in remote and rural areas...yet I received, on this video, only about 70-80 percent of the audio. I wonder if it is possible, for all Focal Points presentations, to ensure closed captioning is included. That way, unscrupulous 'actors' cannot disrupt the flow of information. Thanks, John Leake... this is indeed a very important public service video actually, and this warning is timely.
It now appears evident, thanks to your post John Leake, that the financial scam and the political scam were two sides of the same coin. Not only was no financier ever prosecuted for the massive Wall Street meltdown of 2006 - 08, they were rewarded with taxpayer bailout funds. And, as shown in 'The Great Taking', the very definition of a stock or bond was changed in the Uniform Commercial Code (UCC 8-511) from direct ownership to '...The claims of entitlement holders, other than the creditor, have priority over the claim of the creditor'. For more about the political distractions shielding notice of this stealth change, please see the Timeline: §5. Perfidious Albion and the Walrus, January - June 2016:
https://peterdanielmiller.substack.com/p/timeline-of-us-political-transformation-d04
Now you are onto the game.
Get out of debt."Banks" will take the assets in any deal when things crash.
Ride a bike, grow a big vegetable garden.
No, that's not enough, but history says it helps your survival odds a lot.
So basically the 8% of Boomers at university during the intentionally tumultuous 1960’s made names for themselves by making Marxism popular on campuses across America. They instigated the riots, calling themselves “revolutionaries” (Communists) by colluding with hate America cabal already in university professorships in academia, Hollywood, bureaucracy, and MSM corporate monopolists. They funded and hijacked to invert every movement of the day, tricking Boomers into “protesting” the war in Nam for example by villainizing the military to the point of slandering anyone in uniform service to America’s lawful authority, cops, firemen, mailman, and especially the military, same as their grandchildren today at university. They vowed to march through the institutions, and did, and by the 1990’s had pretty much captured them as those in politics, the chosen leaders (Representatives) established the uniparty using the One Democrat Party banner as their vehicle, colluding with globalist and hate America’s Constitutional factions and regimes to whittle down the Constitution by buying judgeships, DA’s, mayors, governorships, and SCOTUS appointees to the point of installing Presidential candidates as their own friends and family looked to a future as stake holders with “Foundations” with caring names as cover, the likes of USAID as it’s tentacles to build webs of corruption throughout America’s institutions, not to mention cutting their teeth in corruption with NGO’s funded by the globally private Federal Reserve holding the note that America’s middle classes must pay.
Economics 101: All debts are paid, either by the borrower or the lender, period.
The globalist invest $100 million to promote social cultural divides, and the uniparty Representatives vote to fund “the problem” through NGO’s with helpful names as if charitable, billions of middle class taxes fund it, 12% goes to some semblance of do good work, the remainder is kept by the leaders of the NGO’s, collecting contributions under the Democrat banner, laundering it through 501-C3-5 companies and LLC’s, the $100 million investment by globalists gain a $ billion, and the lawmakers have their campaigns funded.
It has been systemic since the 1990’s uniparty (Bush/Clinton), minus Trump, that immediately made old friends China and proxy Vietnam Communists favored nations, that’s why they hate Trump. Because he represents about 80% of America’s middle classes, except for about 30% of my Boomers who still think it’s the 1960’s, and they were good little revolutionary hippies doing drugs and Jody’s enjoying “free love” (Roe v Wade, 1973).
Think back to the markers, the demoralizing sloganeering and song. The slander of cultural America to create generalized loss of faith, demoralization to the point of loathsomeness, corruption, acceptance of prostitution across the board, Univision of sexual biology, drugs, gambling, and steady diets of crises unresolved. This is the mantra of global corruption hitched to the wagon of Communist deceit and Fascist terrorism to create fear and complicity.
I had thought that this Israeli war had been intended to spook the markets, blow up the derivatives, and trigger the biggest looting the world has ever seen. You may possibly know that all securities held in brokerage street name are actually owned by DTCC's owner, CEDE and Co. (Note the clever self-disclosure in that name.)
There is a way out if you own securities: Your broker can transfer shares to the Transfer Agent for that security (there are multiple transfer agents servicing all the securities out there). Your shares can be held in Direct Registration at the transfer agent. Held that way, they won't be swept up in the giant looting of collateral (I hope).
Thanks for covering this, John. The Great Taking is how the WEF intends to get us to own nothing. This is not a topic one can readily discuss on Substack.
David 1260, Your remarks on "Direct Registration at the transfer agent" make perfect sense, but that does involve putting some trust in the likes of Computershare. Is that trust merited ?
I don't know,- and this interview between James Patrick and John Leake in which Patrick refers to legislation developed over decades, which is hard to read and understand, and was written to enable that theft- makes me wonder.
In closing the interview, John states that contemplating these sorts of visions of vast theft become metaphysical-level problems for him. And so it should for the rest of us.
I think it's the best one can do in an insane duplicitous world. In my mind, using Computershare is part of a diversification strategy.
"...in my mind, using Computershare is part of a diversification strategy." (David 1260) OK, that sounds good.
Jane Wilson, above, describes "cash account" status of stocks in a bank/investment co. as required by regulation to be managed separately from stocks held in a "margin account". That also sounds good.
Oh, but wait, see above Peter Daniel Miller: "....the very definition of a stock or bond was changed in the Uniform Commercial Code..." , and this seems to me that it might override any diversification or safe haven strategy that sounds good .
Are "entitlement holders" involved in stocks held by transfer agents (Computershare etc.), and/or in stocks held by banks/investment co.s ??
The Supreme Court could rule that Yes, all the legislation enabling the taking is in fact a Taking, and therefore unconstitutional. Oh, but wait, they would be informed that if such a ruling were clear and meaningful, it would bring down the whole economy.
Thank you, fellow commenters. I don't mean to express hopelessness. I believe that real hope has to start with an honest look at the system. It looks rotten.
You're making very astute observations. If you're interested in taking a deep dive into the legalities, there's a 6 part series at Peak Prosperity. Here's the key episode: https://peakprosperity.com/the-great-taking-part-3-heads-they-win-tails-you-lose/
To answer your questions, I don't see how transfer agents can legally pledge your assets against their liabilities. That's how margin accounts get pledged. So my understanding, which is the best I've been able to come up with, is that cash accounts also can't be pledged.
Thanks for these thoughts- and I will see what Peak Prosperity says about this.
Two new off the top of my head: 1) "Possession is 9 points of the law." Any research on easements/rights of way, and adverse possession, reminds us that there is flexibility in the way property rights are treated in law.
2) By pure coincidence, I have just come across a description of Thomas Jefferson, following on discussion of national and state debt payment, launched into a soliloquy on usufruct (! a word I recognized but really had to look up).
In a nutshell, I tend to think that the usufruct argument, with respect to "Security Entitlement of an Entitlement Holder", fails because the crash of c. 2008 is compelling proof that playing with someone else's money- creating and trading derivatives and so on- is dangerous and does create systemic risk.
My suspicion is that the architecture for the Great Taking was designed to accompany the massive increase in derivatives. I think their collapse is intended to trigger the seizure of all pledged assets. To think that these bastards did all this **intending** to grab everyone's assets....
from search at Duck Duck Go:
"TreasuryDirect
https://www.treasurydirect.gov › laws-and-regulations › trades
Commercial Book-Entry Regulations (TRADES) - TreasuryDirect
However, the scope and nature of a Security Entitlement of an Entitlement Holder below the level of a Participant is defined by applicable state law, as determined in Section 357.1 of the TRADES regulations."
In the John Leake interview, and the James Patick video, emphasis is placed on STATE LAW, and this appears to be the key.
The problem: Although I easily saw the approaching "collapse" of 2008, and although I may see many current and past problems, I never hear of a reasonable solution. What are we supposed to do about any of it? As a "poor" person, I lost nothing in '08. It's difficult to lose what you don't have. I also have no ability to "prepare" for anything, since I cannot move assets I don't have, cannot procure an emergency fund, etc. I rely on a weekly paycheck and am at the mercy of ever-increasing food, rent and home prices. Being aware is nice- I convinced my family of the stupidity of the Covid shots- but a lot of times knowing does not equal being able to control or even to persuade or avoid. It just means I'm not confused about "why's" as I see the world collapse around me. I'd really like to know "what do to about it all, anyway." lol
It would appear that lawmakers seem to think that if they write laws to enable crimes, it allows criminal behavior by privileged members of the parasite class. For example, indemnity for financial theft, murder by vaccine bioweapons, and forever wars.
There seems to be a total abdication of adhering to morality in these laws.
They R All The Same!!! Sorry to say!!! Corruption! It comes down to Consciousness Greed in The Hearts of People!!!
Having watched the entirety of The Great Taking Report STOP IT ! yesterday (available on YouTube), I can report that about 2/3 of the way through, David Rogers Webb states that the holding of paper certificates by an individual puts those shares of stock beyond the reach of derivatives trading/the big banks.
This is, as stated in the video, not a practical solution for IRAs, mutual funds, pension funds.
As I understood the statements in the video, everything the Intermediary (broker-dealers etc.) is holding is at risk, regardless of category. David 1260s comment on "Direct Registration" at a "Transfer Agent" does outline a way to remove shares from the grasp of the derivatives complex/biggest banks. (Transfer Agents seem not to be defined as Intermediaries ?)
The other solution is state laws which remedy the threat. Much of the video covers protagonists in Tennessee attempting to make such state law.
This comment is based on my close watching of the video, and my understanding of the content.
It should be,"too big to arrest."