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The Great Taking by David Webb - a cursory review

jmski52jmski52 Posts: 22,263 ✭✭✭✭✭
edited December 27, 2023 6:41AM in Precious Metals

There’s a one hour interview and a link to his book pdf on Zerohedge.

I watched the interview last night. Has anyone seen this?

Looks like the state laws have already been enacted and/or changed to protect ONLY the largest banks while confiscating ALL assets held by depositors when the derivatives mess comes down (which will be soon, apparently).

It’s not just stock market valuations that are at risk, the laws & regs have already been changed to allow ownership of stocks & bonds to be confiscated.

An international group will be the ultimate asset owner (I forget the name of this organization) and a CBDC will be their answer, while allowing ONLY the big banks a brand-new clean state, in a brand-new system.

In the Great Depression, debts were not erased, but the money (liquidity) disappeared overnight when FDR declared the bank holiday. That’s how many people lost everything - they had no way to pay their debts even though they may have had some savings. They had no legal recourse to access their own cash.

Webb suggests to get all money out of the banks & stock market asap and to own real physical assets.

This guy has a ton more credentials than any of our board’s banking apologists.

Comments?

Q: Are You Printing Money? Bernanke: Not Literally

I knew it would happen.

Comments

  • blitzdudeblitzdude Posts: 5,281 ✭✭✭✭✭
    edited December 27, 2023 8:49AM

    I've never heard of this David Webb but I've certainly heard his "story". It's the same nonsense the 1000 other PM peddlers regurgitate in hopes of drumming up more business.

    I mean they had my father-in-law believing that last week all physical currency was going to cease to exist and that the gooberment was going to force him to start using digital dollars. I asked him at Xmas what happened, and he said it was postponed until next week. LOL. It's amazing the amount of people that believe just because they read something on the internet so it has to be fact.

    Nothing wrong with having a bit of insurance. Gold, land, livestock, butter and beans; they are among the most wonderful things that everyone must own. That said, sinking all your wealth in PMs is a sure way to miss out on the massive gains the rest of us earn from the markets. Diversification is key to financial freedom. RGDS!

    The whole worlds off its rocker, buy Gold™.

  • jmski52jmski52 Posts: 22,263 ✭✭✭✭✭

    Watch the first 5 minutes of his intro and you just might begin to fathom the fact that he knows what he’s talking about.

    The ONLY reason that interest rates are coming down from the 10 yr Treasury’s recent highs of 5% is because there is no other way to delay the inevitable default of $trillions in derivatives from vaporizing as they most certainly will.

    And when that happens, please let me know what happens to your paper portfolio. It will be interesting.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 18,493 ✭✭✭✭✭

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • GoldFinger1969GoldFinger1969 Posts: 1,145 ✭✭✭✭

    It's 100% bullbleep that only an idiot would believe. :)

  • jmski52jmski52 Posts: 22,263 ✭✭✭✭✭

    Looks like the gang’s all here! Looks to me that David Webb is much more highly qualified to make these observations about derivatives and their effects on the financial markets than anyone here in this thread.

    Que sera, sera folks. Don't say you weren't advised to pay attention.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 18,493 ✭✭✭✭✭

    I know a biologiss that can name every species of fish, yet he can't catch one.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,263 ✭✭✭✭✭

    I’ve never met a biologiss. I never hope to meet one. But just the same - I’d rather meet a biologiss than be one.

    You still buying bonds?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 18,493 ✭✭✭✭✭

    @jmski52 said:
    You still buying bonds?

    Flipped them out. Made 20-30% in 2 months. Thanks for the tip!!;)

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,263 ✭✭✭✭✭

    If rates are going down, shouldn’t you have held onto them? You could be rich!

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 18,493 ✭✭✭✭✭

    @jmski52 said:
    If rates are going down, shouldn’t you have held onto them? You could be rich!

    Rates already went down. I got 4 to 6 years worth of income stream in 8 weeks.

    Don't be jealous.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,263 ✭✭✭✭✭
    edited December 29, 2023 8:41AM

    Don't be jealous.

    No chance of that, for sure. Listen to an interview with David Webb or live with your own bias & propaganda. No matter to me.

    As I said, David Webb is much more highly qualified to make these observations about derivatives and their effects on the financial markets than anyone here in this thread, but you wouldn't know it because you don't absorb anything from outside your bubble.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 18,493 ✭✭✭✭✭

    @jmski52 said:
    Don't be jealous.

    No chance of that, for sure. Listen to an interview with David Webb or live with your own bias & propaganda. No matter to me.

    As I said, David Webb is much more highly qualified to make these observations about derivatives and their effects on the financial markets than anyone here in this thread, but you wouldn't know it because you don't absorb anything from outside your bubble.

    Well now I'm jealous as it's seems you're in love.

    You guys get so caught up in credentials....doesn't Hillary have lots of credentials? How about Rudy?

    I suppose it's easy to be in awe of someone when you don't understand what they do, how they do it or what they know.

    What's that Shania Twain song?

    https://youtu.be/mqFLXayD6e8?si=xie1SbIQsnDiqFuy

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • I have not watched the video mentioned in the OP. Just saw the dude's name and thought it seemed familiar. Then it hit me:

    Jason Bourne was born David Webb

    https://screenrant.com/jason-bourne-origin-story-explained/

    Is the David Webb from the OP a real person?

    Yelling at clouds on pmbug.com

  • jmski52jmski52 Posts: 22,263 ✭✭✭✭✭
    edited December 30, 2023 6:49AM

    @pmbug: Interesting factoid, pmbug.

    @cohodk: try contributing something relevant, coho. No need to lash out at someone who's trying to help you gain some understanding.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 18,493 ✭✭✭✭✭

    @jmski52 said:
    @pmbug: Interesting factoid, pmbug.

    @cohodk: try contributing something relevant, coho. No need to lash out at someone who's trying to help you gain some understanding.

    You are the one who didn't post anything relevant---just a flawed opinion.

    I posted charts and graphs, which are factual and not opinion.

    I'm trying to help you.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • percybpercyb Posts: 3,295 ✭✭✭

    @jmski52 said:
    Watch the first 5 minutes of his intro and you just might begin to fathom the fact that he knows what he’s talking about.

    The ONLY reason that interest rates are coming down from the 10 yr Treasury’s recent highs of 5% is because there is no other way to delay the inevitable default of $trillions in derivatives from vaporizing as they most certainly will.

    And when that happens, please let me know what happens to your paper portfolio. It will be interesting.

    If you followed commodity prices you see that most, but not all are substantially lower in the past few months. Rent prices have stabilized. The price of homes are lower as well. Supply chains are more fluid as well. Also note that the 10 year Treasury is under 4%. So indeed the Fed can loosen its tight policy.

    "Poets are the unacknowledged legislators of the world." PBShelley
  • blitzdudeblitzdude Posts: 5,281 ✭✭✭✭✭

    @percyb said:

    @jmski52 said:
    Watch the first 5 minutes of his intro and you just might begin to fathom the fact that he knows what he’s talking about.

    The ONLY reason that interest rates are coming down from the 10 yr Treasury’s recent highs of 5% is because there is no other way to delay the inevitable default of $trillions in derivatives from vaporizing as they most certainly will.

    And when that happens, please let me know what happens to your paper portfolio. It will be interesting.

    If you followed commodity prices you see that most, but not all are substantially lower in the past few months. Rent prices have stabilized. The price of homes are lower as well. Supply chains are more fluid as well. Also note that the 10 year Treasury is under 4%. So indeed the Fed can loosen its tight policy.

    Yup, looks like the FED got it right. Economy is BOOMIN! Good Times. RGDS!

    The whole worlds off its rocker, buy Gold™.

  • jmski52jmski52 Posts: 22,263 ✭✭✭✭✭

    They HAD to inject more liquidity to keep the derivatives pyramid from collapsing. Every injection gets larger.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • jmski52jmski52 Posts: 22,263 ✭✭✭✭✭

    Catherine Austin Fitts gives a great interview this morning on Greg Hunter's USAWatchdog.com and she also mentions David Webb's contentions concerning financial derivatives, in addition to the various schemes that are being used to assert control by 2030 - including CBDCs and digital IDs.

    If you don't think this applies to you, think again. Even coho & Goldfinger.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • tincuptincup Posts: 4,721 ✭✭✭✭✭

    Thanks jmski52... looks interesting. Took a quick look, and plan to watch the entire interview. Don't know the person, or organization, but do have interest in their take on it. For those who won't check it out... but want a quick take... here is excerpt from the web site:

    "CAF also talks about what she calls “massive collateral fraud.” CAF goes on to say, “The collateral fraud is enormous, and we have talked about the money (trillions of dollars) that has gone ‘missing’ for years from the federal government. This is what’s been going on in the United States and around the world for years. You issue debt, you get a whole bunch of money, and then the money disappears. . . . So, there is an extraordinarily fraudulent system going on around the debt markets. The reality is if you are going to run a bubble like that, you need very strict control of the collateral. This is what “The Great Taking” is all about. 2024 is the year the pushback can put us over the top.”

    CAF thinks gold is a “must have” investment for the coming years. The US dollar is being weakened, but it is still “dominant and dangerous.”

    In closing, CAF says, “I think we are going see collisions at a spiritual, legal, financial and physical level increasing all over the planet. This is a real war, and we are in World War III now.

    The US is going to defend the dollar. . .”

    There is much more in the 1-hour and 2-minute in-depth interview."

    ----- kj
  • tincuptincup Posts: 4,721 ✭✭✭✭✭
    edited December 31, 2023 10:02AM

    Watched the video.... and some interesting points/concepts in it,. She seemed to say, that Bitcoin was being used to help control the price of gold. When gold is moving strongly up, Bitcoin is being 'pushed' by marketers, etc., which of course pulls money away from gold, and the price of Bitcoin then increases, and price of gold then drops. The 'smart money' profit then is put into REAL assets, such as real estate, and gold. Rinse and repeat. Makes sense to me, and kinda what I've suspected myself.

    She thinks Bitcoin will have a strong year in 2024.... Gold is being greatly sought and purchased, so the Bitcoin will be pushed. (I don't think she recommended getting into Bitcoin though).

    We have all heard of "offshore havens".... loophole places to put your money and investments. Forget those.... the new haven is space. In orbit. No jurisdictions there. The number of satellites being launched into space is parabolic and skyrocketing (pun kinda intended). Even by tiny nations.... a way to claim jurisdiction and a 'piece' of space? Perhaps a place to store your bitcoin? Of course, if your assets were somehow 'tied' to a satellite... still digital and do you really own it if not in your physical possession? Interesting concept; new to me anyways.

    She is expecting an announcement in 2024 for a certain state to pass legislation for a sovereign state bank, to help get away from manipulations by fed banks. Will be interesting if that takes place.

    Several other neat ideas and points... thought provoking for me anyways. (Oh, BTW for blitzdude.... she did mention silver as precious metal! But she was much more in favor of gold, but did not call silver a gutter metal!)

    ----- kj
  • blitzdudeblitzdude Posts: 5,281 ✭✭✭✭✭
    edited December 31, 2023 4:35PM

    @tincup said:
    Several other neat ideas and points... thought provoking for me anyways. (Oh, BTW for blitzdude.... she did mention silver as precious metal! But she was much more in favor of gold, but did not call silver a gutter metal!)

    Thank you for the recap. She is certainly smart to favor The Metal of Kings. I will have to work on getting her trained on proper terminologies for the other non-precious metal. RGDS!

    The whole worlds off its rocker, buy Gold™.

  • HigashiyamaHigashiyama Posts: 2,132 ✭✭✭✭✭

    I've watched the David Webb video, all hour and twelve minutes of it. It is in fact fascinating. Very well produced. Very slick. A clever mixture of fact and fantasy, woven into a myth.

    If you want to watch it, I'd suggest a companion book: The History of Fake Things on the Internet by Walter J. Scheirer. Dr. Scheirer's book deals with internet mythmaking.

    Here's a summary of the David Webb video:

    1. David Webb is a boomer who grew up in Cleveland during the 1960s era of post-industrial decline. As a result of his experience growing up, he became fascinated with finance and was drawn to Wall Street. According to his own account, he had significant successes in private equity and as a hedge fund manager in the late 1980s and 1990s. (First in NYC and later after his return to Cleveland) In the course of these activities, he dedicated himself to the study of money/banking/financial markets, and began to uncover distressing activities and trends, as outlined below.

    2. A contingent of elites (mostly bankers and govt officials) has designed/used the system for their benefit, but in a way that is leading to inevitable collapse, after which the elites will confiscate much of what remains of your wealth.

    3. Among the most notorious of the culprits is the Federal reserve, which, hand in hand the aforementioned bankers, has facilitated a vast expansion of the money supply, leading to a collapse of the velocity of money. This signals the Fed's loss of control and impending depression.

    4. Simultaneously there has been an explosion in the volume of derivative creation/trading. This is a house of cards on the verge of collapse, which will contribute to the chaos.

    5. While this has been happening, regulators around the country have been reformulating securities/property laws to assure that when a collapse occurs, we will lose control of virtually all of our financial assets These will be confiscated by governments, similar to FDR's confiscation of gold in the early days of his Presidency. This includes, notably, but not limited to, equity and other assets that we think we own through brokerage accounts.

    6. If this feels like a conspiracy story, David Webb assures you that it is. Although he does not use the term "deep state", he does tells us that the system is being designed/stacked/manipulated by a cabal of elites so powerful, sophisticated, and stealthy that even most of the other elites are not aware of what is happening.

    7. He is gaining little or nothing from this book/video endeavor, but is purely motivated as a good citizen. He wants to get the word out, as there is apparently some chance that these elites and their nefarious plans can be countered.

    Higashiyama
  • jmski52jmski52 Posts: 22,263 ✭✭✭✭✭

    That's a pretty fair & accurate summary.

    What leads you to think that Webb's video is an internet myth?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 18,493 ✭✭✭✭✭

    Thanks Higashiyama. That's about what I thought--fantasy.

    Appreciate the synopsis.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • carew4mecarew4me Posts: 3,459 ✭✭✭✭

    Economists last month found 40 per cent of commercial office building loans on bank balance sheets were underwater – owing more than the property is worth.


    Loves me some shiny!
  • So he is highlighting that securities/derivatives are getting the same "from bail out to bail in" legal change that banks got. G_SIBs uber alles.

    Yelling at clouds on pmbug.com

  • GoldFinger1969GoldFinger1969 Posts: 1,145 ✭✭✭✭
    edited January 8, 2024 11:46PM

    @jmski52 said:
    The ONLY reason that interest rates are coming down from the 10 yr Treasury’s recent highs of 5% is because there >is no other way to delay the inevitable default of $trillions in derivatives from vaporizing as they most certainly will.

    The guy is somewhat intelligent but the conclusions he comes to are a joke. Rates moved down because of Fed easing off rate hikes and a belief inflation is settling down.

    Let's see the returns the guy has generated the last 5, 10, 20 years. PUT UP OR SHUT UP. Let's see how good he is at making money for himself and/or his clients.

    Don't tell me the guy has a great swing and knows how to hold the bat. Tell me his batting average. :D

  • GoldFinger1969GoldFinger1969 Posts: 1,145 ✭✭✭✭

    @carew4me said:
    _Economists last month found 40 per cent of commercial office building loans on bank balance sheets were > > > >underwater – owing more than the property is worth.

    No they did not. You misread the statements.

  • jmski52jmski52 Posts: 22,263 ✭✭✭✭✭

    @Higashiyama - I’d like to know why you think that Webb’s video is an “internet myth”.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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