Great Taking Part 1 (Public Content)

Originally published at: https://peakprosperity.com/great-taking-part-1-public-content/

I promised I’d be back into The Great Taking, and here we go…

I’ve spent far more hours on this than I had first intended but it’s both (a) that important and (b) that complicated.

It’s important because it answers the question, “How exactly will I end up owning nothing as the WEF has prognosticated?”

If you’d rather not lose all your wealth to a bunch of amoral Wall Street crooks in a legalized transfer of wealth, then this series is for you.

But it is complicated. Which is where my superpower comes into play. I will do my level best fo untangle the mess and track down the necessary details all so that you can understand the issues and then take actions. However, to be perfectly upfront, we will be making the solutions available to our Peak Prosperity subscribers. This is for two reasons. First, we have a business to run and bills to be paid and my time is valuable to me. I could either be pouring all of my experience and energy into figuring this out for you or I could be tending my farm and gardens. Believe me, this is a real trade-off.

Second, I’ve learned that people assign value to things based on the price they pay. I want people to heed the lessons of The Great Taking and to take action. If the price of those instructions is ‘free’ then the value is zero and many people will simply not listen. Were I to stand on a city street corner and shout out the answers to passersby the impact and change and resulting actions would be zero. Were I to charge $6,500 for a seminar with a glossy binder at a swank venue, the effectiveness would approach 100%.

At Peak Prosperity we believe that there are only two ways that people change. One is by pain, the other is by insight.

The pain route is, by far, the most popular path if we’re judging by numbers and percentages. Changing by insight is obviously the most beneficial path to take. Yet it is rare.

The reason for this is because the change is rarely a by-product of having new and better information. Instead, change happens when we let go of old belief systems and are able to withstand the awkward uncertainty that comes with releasing the old as we swim toward the new.

What’s being exposed in The Great Taking is a bunch of dense legalese and systemic malfeasance, but its power to evade detection is based on our belief systems that simply don’t want it to be true. Because if that’s true, then an enormous cascade of other beliefs tumble down. Faith in our fellow humans, the belief that we’re somehow all in this together, and our most basic trust in our biggest systems of governance all risk being exposed as fraudulent at worst, misplaced at best.

So that’s a warning of sorts; this series will potentially raise strong emotions within you, and you might experience it as discomforting. Good. It should be. If you are able to truly ingest what the words on the laws that govern wealth in the West are saying, then the conclusions are distasteful and require your best attention and suggest many things to discuss with your financial adviser(s) and lawyer(s).

The invitation of this series – from me to you – is to listen with an open mind, and then trust yourself. Don’t believe me, believe yourself. As always, challenge this material, present different facts or additional supporting evidence. That begins the process of changing by insight.

David Rodgers Webb’s Book, “The Great Taking” can be downloaded here: Click Here

The full Book in MP3 (audio) format can be accessed here: Click Here

 

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Although I posted this some weeks ago, it is important enough to repeat. I’ve been a Vanguard customer for more than two decades, and I’ve always been happy with the service. Vanguard is unique among brokerage firms in that its '“owners” are the people who invest in Vanguard funds rather than third party owners – on paper, anyway. But, as we now know, things are not always (or often) what we think they should be.

Getting to the point, I recently asked Vanguard if any of my holdings related in any way to Cede and Company (aka Cede & Co.). Boy, did they ever stonewall me! I asked twice and they refused to answer.

So… I concluded that my Vanguard fixed income holdings (I have no Vanguard equity shares) are actually owned by Cede & Co. I had figured that to be the case once I read “The Great Taking; How They Can Own it All”.

Since then I’ve been steadily approaching a decision on how to deal with this. My wife and I paid off our daughter and son-in-law’s mortgage (and took a note from them to repay us over time). The bank acknowledged receiving payment. The next step is to obtain a warranty deed, which is proof of ownership. I’m not confident that a deed of trust marked paid actually removes the trustee. I suspect getting a warranty deed will be really tough; the bank is likely to stonewall. We’ll see. We have zero debt and a warranty deed on our ranch home.

Anyway, I suspect we all have some serious thinking and decision-making ahead of us. Thanks for digging further into this. I will now read Part 2.

Barry

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Eagerly looking forward to studying this. Thank you for putting in the hard work on this!

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To follow up, I read in 2014 (thanks to the “Information Scouting” my dad did) that the only funds that couldn’t be “bailed in” was the cash held in one’s brokerage “settlement account.” I didn’t really know where to go with that, but as I continued trading/investing I made sure my cash on the sideline did not get swept into a money market fund. Later on, it became exceedingly difficult to prevent that from happening automatically, and it was a pain. Then I came to figure out that if you have open orders on your account, your money can’t get automatically swept as it was pledged, so I would set outrageous limit orders that would be very unlikely of executing. That seems to be safe still, but you can’t really make any money doing that.

But now it seems even that has been taken away. My 3 options from Fidelity for my “core” cash position (taxable account) are as follows:

[Fidelity Government Money Market Fund (SPAXX)], a taxable money market mutual fund investing in U.S. Government Agency and Treasury debt, and related repurchase agreements. Intended for investors seeking as high a level of current income as is consistent with the preservation of capital and liquidity.1,2

[Fidelity Treasury Fund (FZFXX)], a taxable money market mutual fund investing in U.S. Treasury securities and related repurchase agreements. Intended for investors seeking as high a level of current income as is consistent with the preservation of capital and liquidity.1,3

Taxable Interest Bearing Cash Option (FCASH), ), a free credit balance and is payable to you on demand by Fidelity. Fidelity may use this free credit balance in connection with its business, subject to applicable law. Fidelity may pay you interest on this free credit balance, and this interest will be based on a schedule set by Fidelity, which may change from time to time.

For retirement it’s these 2:
SPAXX (described above) and
Fidelity’s FDIC Insured Deposit Sweep Program (the “Program”)
Through the Program, the un-invested cash balance in certain Fidelity accounts is swept into an FDIC-Insured interest-bearing account at one or more program banks and, under certain circumstances, a money market mutual fund (the “Money Market Overflow”).

When sleuthing for this info, to see if these funds are registered with Cede, I came across the recent SEC registration for the Fidelity BitCoin Spot fund, and it’s with Cede. They will come for the BitCoin. They don’t need to buy it, just prevent you from attempting to claim/redeem it.

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Very interesting.

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I heard on one of Glenn Becks radio shows that S. Dakota is looking into fighting this issue. I believe through the UCC code. Not sure how that would work. The way I understand it is that each state must accept / endorse the code. In order to be " Harmonized ".

Anybody know anything about that ?

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Really glad this is public, I’m going to link to it:)

Check SD House Bill 1193 which was recently brought up in Jan. 2024.

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Yes. Those awesome SD committee members took a big fat sharpies and struck through nearly every offensive part of UCC title 8.

Then voted it through 12-1.

But I am hearing that all of that fine work got undone, possibly as the strike-throughs got unstruck…maybe the lobbyists got there?

I hear the financial lobbyists can be very persuasive.

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I am thinking that if this Great Taking ever came to pass every institution in the western world would be destroyed by an angry citizenry. Is that the goal?

Parallel Systems did a bit on that awhile back.

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From wikileaks on the Uniform Commercial Code… some U.S. jurisdictions (e.g., Louisiana and Puerto Rico) have not adopted all of the articles contained in the UCC, while other U.S. jurisdictions (e.g., American Samoa) have not adopted any articles in the UCC…

American Samoa — good place to bank.

I heard the banking lobby defeated it in SD. Imagin that, the banking lobby. huh

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