How safe are your brokerage portfolio holdings? Would it surprise you to learn that you do not actually fully own your stocks and bonds but rather have what is now called a “security entitlement?” What the heck is that? It sounds legally weaselly…because it is.
Quite worryingly, thanks to relatively recent changes in the laws, not only are you not the senior or secured creditor in a long chain of claimants, but you also can’t even find out who is ahead of you. When it comes to owning something, there really shouldn’t be this much complexity or mystery. Yet there is, and by design.
Today’s guest is David Rogers Webb who wrote the explosive book called The Great Taking, and has made it freely available to all as a service to mankind.
So settle in and have a listen. Then let’s get busy figuring out how to respond.
As always, our goal is not just to observe but to understand and prepare for the implications these changes hold for our future.
In part 1, we delve into the main issues, examining the ways in which our financial system has evolved into a tool of control, masquerading as a guardian of freedom. In Part 2 we go deeper into the implications and what needs to be done.
The journey ahead is complex, but understanding these dynamics is essential for anyone seeking to navigate the uncertain waters of our global economy.
Mike on the Peak team has converted the book PDF into an audio version (using AI, of course) as a service for those who would prefer to listen to the book as they go about their daily routine.
Full Book in MP3 format: Click Here
Prolog: Click Here
Introduction: Click Here
Dematerialization: Click Here
Securities Entitlements: Click Here
Harmonization: Click Here
Collateral Management: Click Here
Safe Harbor for Whom, and from What? Click here
Central Clearing Parties: Click Here
Bank Holiday: Click Here
The Great Deflation: Click Here
Conclusion: Click Here