In the interview below, former hedge fund manager and investment banker David Rogers Webb explains the legal structures put in place to achieve the goal of us to “own nothing and be happy.” Webb calls this endgame ‘The Great Taking’.

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We have previously published articles about The Great Taking, see HERE and HERE, but it is a subject worth highlighting again because this fraud must be understood and undone to avoid a financial catastrophe.

At the beginning of this month, The Big Picture released an interview with Webb (see below) as part of a documentary and interview series about Webb’s book ‘The Great Taking’. The interview was conducted last autumn and covers the basics of Webb’s findings.

‘The Great Taking Film’ is an effort to raise awareness of The Great Taking and document the efforts underway to stop it.   You can donate to the production of The Great Taking Film to make it a reality HERE.

If you are unable to watch the video above on Rumble, you can find links where you can watch it on other platforms HERE.

The largest financial crime story in history. A global scheme to seize all the world’s securities in a financial collapse. This scheme is made possible by the fact that everyone’s stocks and bonds have been secretly used as collateral on financial contracts called derivatives, not once but ten times over. This covert use of the client assets collateral enabled the creation of a financial bubble the likes of which the world has never seen.

This has been done without anyone’s permission and without paying anyone a fee for using your stocks as collateral on other people’s trades.

This story was uncovered by David Rogers Webb. As a former investment banker and hedge fund manager, Webb is a true financial insider. His truth-seeking spirit, combined with personal integrity- two qualities quite rare on Wall Street – resulted in Webb discovering the legal mechanisms put in place to allow the “Too Big To Fail” Banks originating derivatives contracts, to have priority to your stocks ahead of you in the bankruptcy hearing during the event of a system-wide collapse. Webb calls this “The Great Taking.”

Webb has also uncovered the legal structures put in place to achieve the goal of “owning nothing and being happy.”

Since the 1980s, all financial securities, stocks and bonds have been secretly used on an industrial level by the financial sector as collateral in derivatives trades. All securities everyone owns are being legally encumbered, putting them at risk of being lost during the next market downturn. This is all being done without the knowledge and consent of the clients. In the 1990s this fraud was “legalised” by the 1994 revision of Article 8 of the UCC in the United States and this was later harmonised into law in EU countries between 2005 and 2014.

A new legal construction was created in this 1994 UCC revision called a “securities entitlement.” So instead of outright owning stocks, now we are just a contractual claimant upon securities called “securities entitlement holders.” And the “Too Big To Fail Banks” that utilise our securities as collateral on derivatives contracts are considered “secured creditors” to our securities. The significance of this is that in the event of a bankruptcy of the derivatives market in a systemic collapse, secured creditors have priority to the securities ahead of the entitlement holders and receive only a pro-rata share of what is left over.

This legal president was set in the wake of the 2007 Lehman Brothers collapse. “Too Big To Fail Banks” were described in that case as a “protected class.”

Fortunately, there is something that can be done about this.  In response to his book, efforts are underway in states throughout the United States to correct the problem by striking problematic lines of the 1994 UCC revision.

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Rhoda Wilson

While previously it was a hobby culminating in writing articles for Wikipedia (until things made a drastic and undeniable turn in 2020) and a few books for private consumption, since March 2020 I have become a full-time researcher and writer in reaction to the global takeover that came into full view with the introduction of covid-19. For most of my life, I have tried to raise awareness that a small group of people planned to take over the world for their own benefit. There was no way I was going to sit back quietly and simply let them do it once they made their final move.

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