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The Great Taking - The Elite Class Plan to Leave the Rest of Us With Nothing

07:33 01:12:04

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/ 10 the probabilities are overwhelming on Gold's side that is the best environment to see goals increase its value 00:09 → 00:18

/ 10 David was somebody who was uh he was managing money so he worked his way up he um he feels he says in the book like he got a lucky break and he got involved in some uh in some big funds and he whacked his ass off by all accounts and he became very good at what he did and he was eventually managing billions uh he started his own fund and immediately had a number of very lives downers looking for him to to manage their money 05:24 → 05:50

/ 10 he started to pick up along the way he he figured something out around property rights was changing when it came to equities and the money dug down into it it was like pulling on a thread it started to unravel all kinds of other things and he started to realize that when it came to our equities and bonds that property rights were being subverted 06:13 → 06:32

/ 10 it does seem to me like this is the root of least resistance actually if you wanted to take if you want to take people to the great reset this is a pretty good way to do it 02:54 → 03:03

/ 10 David does mention that he started to First speak about this about a decade or so ago he was putting on conferences for investors I mean he was somebody who was certainly a speaker that other people wanted to listen to but he found that it was falling on death death for years people were not wanting to hear it because I don't think people had had the perspective that we could now have having lived through the last few years and heard about things like the great reset now all of a sudden this kind of feels like they go together like the great reset and the great taking are one and two sides of of a coin one of them is the mechanism and one of them is the ideology behind it 08:05 → 08:44

/ 10 he thinks it will happen 09:00 → 09:03

/ 10 anything that I say on the book uh please take it as my interpretation not as David's literal words because I will probably be adding my own comments and take on it but but yeah pretty much we're going to go through the structure of it and lay it out and then probably add our own pass to that so but if you want to read the original text I would say definitely go it's a free it's a free book you can read it in I read it in about three or four hours time I've read it about five times now 04:05 → 04:30

Shares & Ownership

/ 10 property rights themselves have a legal construct and what they do is they give you controlling uh controlling ownership over a resource or an asset and that's defined in law so it sets out what you can do with the assets so you can pass it on to another party transfer rights you can derive economic benefit from it sell it uh you can even destroy it you know you can demo if you own a building you can demolish the building if you're in a forest you can chop down the tree 09:40 → 10:04

/ 10 the only other thing I would add there is it seems to me you know reading the book reading through the the prologue that David was a person that learned quickly but he worked really hard to get to where he is and I think a lot of us feel that way that we've worked really hard to try to get to where we are to try to get ahead to try to insulate ourselves and yet to have a mechanism in place that removes a lot of the property rights from your equities from your bonds from assets that you are counting on is something that is of utmost importance to be able to protect or to understand the ability of somebody else to in you know maybe the click of a mouse to be able to take that away right 06:58 → 07:56

/ 10 it gives you the ultimate authority over the asset so if there's a hierarchy you're at the top of it when it comes to property rights 10:06 → 10:15

/ 10 property rights give you as the owner the ability to do pretty much what you want with it of course there's always limitations 13:44 → 13:49

/ 10 property rights are the Bedrock of freedom 14:48 → 14:50

/ 10 everything that is listed in this book as to what's going to happen it's not we're not talking about some kind of cowboy scenario where people are stealing stuff from your house or coming with guns no this is a legal construct that's been created everything has been put through the law so we first have to really understand what property rights are because property rights themselves have a legal construct and what they do is they give you controlling uh controlling ownership over a resource or an asset and that's defined in law so it sets out what you can do with the assets so you can pass it on to another party transfer rights you can derive economic benefit from it sell it uh you can even destroy it you know you can demo if you own a building you can demolish the building if you're in a forest you can chop down the tree 09:21 → 10:04

Not Your Assets

/ 10 once this started to happen what they did in the US was they created a a literally a single Central entity called the depository trust corporation uh and the DTC as we'll call it just for is is the largest security depository in the world now so it has all of the securities issued by the US are held with that 20:34 → 20:54

/ 10 what actually happened was they used that as the mechanism to start um oscaping property rights 20:06 → 20:13

/ 10 they created in each country Central Security depositories and then International ones and at any point they can look at where any asset is so there is no such thing as taking it out you know it might make you feel better that you've got a certificate now but it's not the same as before and you mentioned it already Tom they've even changed Safe Harbor bankruptcy laws they've removed the ability to get a segregated account holders to be exempt so even if you've got your your if you've got let's say you've got a sophisticated Financial instrument that segregates you the second navigated that in the last two now they've made it impossible for re-indication to happen so that's taking back your own Securities in the event of an insolvency it's like every Escape patch has been welded shut 42:21 → 43:03

Back to Simple Systems

/ 10 it's not like this is anything new we all should have been expecting that at some point this experiment of completely Fiat money that started in 1971 would come to an end 44:31 → 44:41

/ 10 we're in that stage now where there's zero growth and all they can do is devalue what already exists 44:51 → 44:57

/ 10 we also know that our monetary systems come to an end therefore it takes you to this endgame scenario no matter which way you look at it 45:14 → 45:20

/ 10 this whole reset of the current system particularly if they do the great taking but even if they didn't Tom even if they didn't it would still be hugely deflationary 50:36 → 50:46

/ 10 you can't tighten upon this game and they are tightening upon this game now 56:30 → 56:33

/ 10 we're going to need them if this if this doesn't fall and if it doesn't then good 56:55 → 56:59

/ 10 we never made this system Tom uh we never designed it we certainly don't deserve to go down with the ship on it 01:07:16 → 01:07:22

Shares & Ownership

/ 10 if you wanted to there would be a way to reset the system globally where everyone could just say okay we're going to come together and reset the debt 49:23 → 49:30

/ 10 but that would require people to redistribute their wealth 49:34 → 49:38

/ 10 all they can do now or their their main objective now is to manage poverty it's not to increase wealth is to manage poverty 49:49 → 49:56

/ 10 it would be Ubi nobody with any ownership uh control over what you say what you think what you eat uh control of your access to resources it's managing poverty you know it's just making sure you've got the subsistence and probably adding loads of Technology to that system to control you 50:03 → 50:20

Not Your Assets

/ 10 there's no way to tighten upon these team 45:11 → 45:13

/ 10 we also know that there is no way to tighten upon these team 45:09 → 45:13

/ 10 they're extremely desperate because they know as well as we do that this system is coming to an end they're terrified of the power vacuum that will ensue when the main mechanism of control which is debt all that system crashes 49:01 → 49:13

/ 10 I think that's what I took away from it too 52:49 → 52:52

/ 10 that's what the next system is going to be Ubi if they if they achieve it 49:59 → 50:03

/ 10 and I think that that is accurate that's what that's what the next system is going to be Ubi if they if they achieve it 49:56 → 50:03

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