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The Coming Confiscation of Financial Assets

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scorpion said:
The problem with this thesis is that Bitcoin is intrinsically worthless and has no natural demand
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Because you say it is? The market disagrees. It has no demand? Oh, I must be making reality up when I check what people trade it for, which is large amounts of fiat. Ever go to a finance page? If you don't believe me, you could visit one.
scorpion said:
It Bitcoin cannot be used for transactions or converted into other assets, it just sits there doing nothing.
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Luckily it is, since it's money. You're starting to learn about what it is, what it's use case is. But it doesn't just sit there, since it's a network that has solved major issues, ones humanity has never solved but now has (trustless, decentralized, permissionless - oh, wait, according to you that's not valuable though others disagree).
scorpion said:
No one has any use for Bitcoin if they can't make money from it.
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Since it's money, your statement is a non-sequitir. Obviously, it's a store of value, since it ... stores value.
scorpion said:
So the ultimate tool of resistance against the corrupt elite will also be held by the elite?
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The elite aren't stupid. Is something is worth owning, they'll have it. You don't even understand how nonsensical your are in your irrational hatred of BTC. Your whole point, in fact, is that they'll ban it or something, which is akin to them holding all of it and not allowing you to have any. Which also proves my point = it's valuable.
scorpion said:
I'm not poor, and am not desperately relying on a Bitcoin moonshot to secure my financial future.
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Neither am I. I just know something that is special when I see it. Because you don't, why should you be mad at me?
scorpion said:
useless computer code that does nothing but consume vast amounts of energy is the most revolutionary technology since the printing press.
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Do you really have no idea that most people are controlled by others because the others control the money? Really?
scorpion said:
You have no evidence or even rational argument that Bitcoin is a transformative technology,
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Elites or power brokers can't debase your money, and that's never been invented ever before, in the history of humanity. Sounds transformative to me. I can't understand that for you, so sorry if that's a you problem.
scorpion said:
What makes you think Bitcoin is a legitimate asset?
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For starters, the market. Am I living in a dream world, or do you just like to deny that this asset, that has outdone all assets since it came about in 2009, has never been hacked, continues to rise in value over time, and solves some of the greatest problems in human history - this must be trolling.

Will you answer the question? You don't deny BTC exists, is an asset, and is traded by people because at least for the time being, they think it's valuable. Correct? Ok, what would make you wrong? Answer the question. If you don't, you aren't arguing in good faith.
 
mr2 said:
Zerohedge article today which offers some additional references. Usually there is a comment or two which is insightful.
https://www.zerohedge.com/geopolitical/intentional-destruction-first-covid-now-comes-great-taking

Substack article which is the source of the ZH article. Fewer comments here so far.
https://dougcasey.substack.com/p/intentional-destruction
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One reason that we haven't already had a crash is they've been using these short-term loans to paper things over.

fredgraph.png


For certain, they can allow thing to collapse whenever they want. It's a question if they can paper everything over until they want things to collapse.
 
Cynllo said:
One reason that we haven't already had a crash is they've been using these short-term loans to paper things over.

fredgraph.png


For certain, they can allow thing to collapse whenever they want. It's a question if they can paper everything over until they want things to collapse.
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And March 2024 is the next deadline to extend reverse repo and/or the BTFP stuff that save SVB et al last March.
 
Blade Runner said:
Because you say it is? The market disagrees. It has no demand? Oh, I must be making reality up when I check what people trade it for, which is large amounts of fiat. Ever go to a finance page? If you don't believe me, you could visit one.

Luckily it is, since it's money. You're starting to learn about what it is, what it's use case is. But it doesn't just sit there, since it's a network that has solved major issues, ones humanity has never solved but now has (trustless, decentralized, permissionless - oh, wait, according to you that's not valuable though others disagree).

Since it's money, your statement is a non-sequitir. Obviously, it's a store of value, since it ... stores value.

The elite aren't stupid. Is something is worth owning, they'll have it. You don't even understand how nonsensical your are in your irrational hatred of BTC. Your whole point, in fact, is that they'll ban it or something, which is akin to them holding all of it and not allowing you to have any. Which also proves my point = it's valuable.

Neither am I. I just know something that is special when I see it. Because you don't, why should you be mad at me?

Do you really have no idea that most people are controlled by others because the others control the money? Really?

Elites or power brokers can't debase your money, and that's never been invented ever before, in the history of humanity. Sounds transformative to me. I can't understand that for you, so sorry if that's a you problem.

For starters, the market. Am I living in a dream world, or do you just like to deny that this asset, that has outdone all assets since it came about in 2009, has never been hacked, continues to rise in value over time, and solves some of the greatest problems in human history - this must be trolling.

Will you answer the question? You don't deny BTC exists, is an asset, and is traded by people because at least for the time being, they think it's valuable. Correct? Ok, what would make you wrong? Answer the question. If you don't, you aren't arguing in good faith.
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The only thing I disagree about is that power brokers could debase bitcoin if they declared a coordinated war on it in key countries. If they cut off electronic fiat - bitcoin pathways, which they can easily do any time, it would have a drastic value loss.
 
jaguarcat said:
The only thing I disagree about is that power brokers could debase bitcoin if they declared a coordinated war on it in key countries. If they cut off electronic fiat - bitcoin pathways, which they can easily do any time, it would have a drastic value loss.
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As DTap just stated on Lin's show, something like 80% of the volume of BTC/crypto is outside the US.

I'll stick with my prediction that the "new elite" will be holders of sats. For better or worse.
 
Blade Runner said:
As DTap just stated on Lin's show, something like 80% of the volume of BTC/crypto is outside the US.

I'll stick with my prediction that the "new elite" will be holders of sats. For better or worse.
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I was specifically talking about BTC, not stuff like stablecoins.
Most of BTC volume is in the US, plus Europe. If the US declared a war on it, it would be only Russia and China volume, realistically and China could crack down in full. In Russia, crypto payments for goods and services are banned, only trading and transfers are ok.
https://www.statista.com/statistics/1195753/bitcoin-trading-selected-countries/

For practical purposes of moving money or payments stablecoins make much more sense than volatile coins.
 
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mr2 said:
The Great Taking thegreattaking.com is a free ebook by David Rogers Webb.

It describes an impending mass confiscation of most financial assets as a consequence of rule/law changes that have been made over the last 10-15 years combined with a future (inevitable) financial crisis. I'd like to start a discussion here on the merits/issues of his thesis. I have been trying to discern how much is true. The book is 130 pages but 30 pages is appendix so it's a quick read. Quick to read but requires much more time to really evaluate.

https://republicbroadcasting.org/news/the-great-taking-how-they-can-own-it-all/ provides a nice summary which I'd recommend before reading the book.

The book and even the article above state many facts which would need to be true for it all to happen that way. I have started digesting it but it needs more eyes and brains of people smarter than me.

MODS: If this belongs attached to another thread, please feel free to combine it. It could be part of a financial reset thread, but I thought it worthy of it's own separate discussion.
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There is an article about this book today

The "Control System" Is Collapsing - 'The Great Taking' Looms As Globalism's Last Gasp | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

Basically, most stocks are owned in street name, which means that DTC actually a registered owner. Most stocks are no longer directly registered in people's names. People do not really have custody of their stocks and they can be easily taken away, at least frozen. On the official DTC website it is actually stated that they are the registered owner of stocks held in street name, such as most stocks now.
Many brokerage firms will put your securities into street name unless you give them specific instructions that you want to hold your securities in your own name in registered owner form.

In many cases where securities are held by the investor in street name, the actual registered owner on the issuer’s books will be “Cede & Co.,” an entity that is affiliated with The Depository Trust Company (“DTC”) and that is often referred to as “DTC’s nominee.” DTC is a clearing agency registered with the SEC and is the main central securities depository in the U.S. Historically, most securities registered in the name of Cede & Co. were represented by “jumbo certificates” held in a vault at DTC.
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Street name (least expensive / lower risk)

When an investor holds shares this way, the investor’s name is listed on its brokerage firm’s books as the beneficial owner of the shares. The brokerage firm’s name is listed in DTC’s ownership records. DTC’s nominee name (Cede & Co.) is listed as the registered owner on the records of the issuer maintained by its transfer agent
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When Russia got hit by sanctions in 2022 Russian stocks ownership was banned pronto and the owners were left with no compensation, their stock holdings were frozen by clearing organization that held actual rights. There is no real ownership in the stock market
 
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The ultimate goal is for the inclusive club of judeo-masonic occultists to own everything and for everyone else to own nothing. Coincidentally, everyone who works in high finance is one of these people, or a sloven hedonist with corrupt morals that can be exploited. They will throw crumbs to their liberal servants, and the jackboots they need to stop others from keeping and owning anything. They are tired of a man being able to provide for his family and raise children and perpetuate a Godly order in this world.

In some transhumanist elitist circles, they believe that they can rely on a fully automated system of machines that doesn't need to be paid, that can be programmed to cook, clean, drive, and shoot any goyim that rises up in defiance. So there is some far-sighted stupidity in these variants of elites, they will push for policies that seem aimed to liquidate everything. Other elitists that don't see themselves uploading their (((consciousness))) into a machine before their putrid earthly body expires are less likely to be on board with this sham.

Though it begets the scenario, if they had this fictional science and technology perfected to a working order that could accommodate their fevered dreams, I have no doubt they would unanimously push to eliminate and obliterate any sense of humanity that remains in this world.

The elitists have a master, but they do not have a God. This is why the ultimate end-goal of their centuries of work will fall flat back on to a fat, pompous, bloated, and pus-filled human who is a slave to its base desires coupled with an Olympian ego and a fear of losing all "power" that it has over those it exploits. It is the consequence of doing the devil's bidding and not fulfilling what our roles on this earth and in our time should be. Perhaps in the early centuries the devil whispered these lies in an abstract, "to become like God" and the people then did not see it the way these occultists do now, merging flesh and metal, that their manmade technology couple with their black magic can achieve for them their own apotheosis before they expire in the mortal coil. But this will not happen, no matter how hard they try, and if they do create something like this, it will be a massive fraud just like everything else. They cannot undo, edit, or overwrite God's programming.

Uninformed people think the coming 15-minute cities are some kind of utopia that has been at the far end of the rainbow that the neo-liberals have been pushing for, that it will be owned and utilized by "all peoples," but they will all just be farms and eventually, slaughterhouses. The next step after creating a permanent renter class, which technically exists at the present in huge demographics, would be to get people who are so spread out over vast regions, counties, parishes, boroughs, states, into the nearest "15-minute city" to continue the extermination. Hence the manmade and engineered disasters, fear porn pumping constantly on the news, making people afraid to go outside and be in nature. I do not understand why millions of people willingly gather in these shitholes, when it is so much cheaper to live away from it.

The chain of events preceding and following the confiscation of financial assets should be more closely studied. It will not happen everywhere at once, and not on the same level. Nowhere has anything ever happened at once except for certain "diseases" erupting with parallel technology going up at the same time (i.e. 1918, 2019).

I stay away from the stock market, and stick to foreign currency trading and precious metals, and, when I can, bartering a service for another.
 
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It's pretty dystopian and takes a while, yes. We know they won't be successful. The problem is that they are going to cause a huge amount of damage in the meanwhile. What's more, psychological damage will be at a maximum - we will know people who will willingly enter these cities, agreements, technology arrangements, etc.

It pains me thinking about it, but it will provide a path for our salvation, so "nevertheless, your will be done."
 
The writer David Rogers Webb is going viral with "The Great Taking" ... links to the Documentary on YT and the PDF book below.

My Takeaway is this doc/pdf book makes a compelling case for a diversified basket of Cryptos (BTC, Litecoin, Monero, Eth, Sol etc) on a discreet Cold Storage Device (As in not a trackable Cell Phone Wallet App) for keeping wealth outside the instant taking by the WEF Globalists' Central Bankers:



The Great Taking

thegreattaking.com thegreattaking.com

You are invited to read or download The Great Taking, a book [PDF] written about the scheme of central bankers to subjugate humanity by taking all securities, bank deposits, and property financed with debt.

FYI, I have the latest 2024 Bitdefender Anti-Malware Full Cybersecurity Suite and no alarms or blocking of these links.

YMMV
 
Deepdiver said:
The writer David Rogers Webb is going viral with "The Great Taking" ... links to the Documentary on YT and the PDF book below.

My Takeaway is this doc/pdf book makes a compelling case for a diversified basket of Cryptos (BTC, Litecoin, Monero, Eth, Sol etc) on a discreet Cold Storage Device (As in not a trackable Cell Phone Wallet App) for keeping wealth outside the instant taking by the WEF Globalists' Central Bankers:



The Great Taking

thegreattaking.com thegreattaking.com

You are invited to read or download The Great Taking, a book [PDF] written about the scheme of central bankers to subjugate humanity by taking all securities, bank deposits, and property financed with debt.

FYI, I have the latest 2024 Bitdefender Anti-Malware Full Cybersecurity Suite and no alarms or blocking of these links.

YMMV
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I have a question about the final stages of that confiscation, where he suggests "we'll know who they are". How does vigilante justice at that point not take place? No one will put up with that if we actually knew who stole the money; no one will care about the "law" at that point since we haven't cared about that for a long, long time in the media and courts.
 
I have been a Live Free or Die be prepared Grown Up glorified Boy Scout for a long time. Most reliable forms of Exchange in the coming age of Chaos: Pre 1964 US 90% Silver Coins (Dimes, Quarters, Half Dollars and Morgan and or Peace Silver Dollars), Current US .999 Silver 1 Oz Walking Liberty $1 Coins, OZ 1 Oz, Canada 1 Oz and Krugerrand Silver 1 Oz (All One Troy Oz) plus 1oz, 10oz Silver Bars from local (Massachusetts Bars or Sunshine Mint Rounds) Reputable gold/silver refineries. All major Mints .9999 Pure Gold Coins various sizes.

So basically, Silver and Gold, Lead Ammo and Guns/Rifles/Shotguns - Most popular Calibers .380, .357, 9MM, .308/765x51 NATO Hunting/Sniper Rifle Ammo, AR-15 AR-10 rounds and 12 Guage Hunting Bird, Buck, Slugs shells. Used 4WDs Trucks, Suvs, Off Road in Good Shape, Tools and know how to use them. Then Canned Goods, Dried Food Meals in Sealed Packets and Buckets you can actually bury. Water Filtration. I Constitutional Concealed Carry my 9MMs or .357s every day.

Then locate in a 2nd Amendment Friendly Christian Hunting State ME, VT, NH, WY, ND, SD, ID, MT with lots of Christian Hunters/Families you can work with to look out for each other and Big Scary Animals that terrify Urban Marauders after the Cities are Nuked...

Current On Topic Interviews:

https://rumble.com/c/usawatchdog (Note that Greg Hunter is a very Conservative Christian and a dedicated Truth Teller.)







 
Blade Runner said:
I was going to look this up today, but am curious if you all already know. How do you request stocks in your name and/or certificates?
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I was thinking the same - what if we actually held the physical paper stock certificates? My bubble was burst when in the various Interviews with the Author Webb - he mentioned that as cost savings and to consolidate DTCC "Pool Control" in the US and the designated clearing houses in the EU, the practice of printing and delivering the actual physical stock certificates was stopped back in the late 90's to save $$$ on the printing costs of fancy share certificates, their excuse anyway to control all shares electronically in the USA and EU via the clearing houses.
 
Deepdiver said:
I was thinking the same - what if we actually held the physical paper stock certificates? My bubble was burst when in the various Interviews with the Author Webb - he mentioned that as cost savings and to consolidate DTCC "Pool Control" in the US and the designated clearing houses in the EU, the practice of printing and delivering the actual physical stock certificates was stopped back in the late 90's to save $$$ on the printing costs of fancy share certificates, their excuse anyway to control all shares electronically in the USA and EU via the clearing houses.
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This is the biggest suggestion that one should have a large portfolio allocation in BTC, btw.

People are going to get rekt even if Webb doesn't turn out to be right. The passive flow stock game is over.
 
Blade Runner said:
The trick was that you caused asset bubbles, so that normal types of rates now rendered absolute values of money that are exorbitant. It's not about the rates (quite obviously, since they were 2-4% for a long time) but rather that you created fake values in the assets, which is in this case, real estate/homes.

It's not as if the bubble won't burst though, and home values won't go back down. They will. What has to happen is a market glut from people dying OR no demand for a while due to too high of prices with too high of interest - the latter part being the complaint, as that takes time and everything is thus unaffordable until the bubble bursts.
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Even if people can't afford ti buy the houses what if companies like Blackrock just step in to fill the demand gap and stop prices from collapsing?
 
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