Had assets. Gold & silver, enough yo fidtributr to friends & nieghbors.
And plant s garden
And but bitcoin
(Obvously not finsncial advice)
Plant snother garden
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In need a bigger kayboard
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Yep got the two gardens under way. Just pulled in some potatoes, have Zucchini, cucumbers and capsicum as well.
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@cmartenson Hi Chris, Have very much enjoyed watching the numerous Great Taking videos you’ve published, including the initial interview with David Webb. I had an appt with one of Paul Kiker’s associates to discuss financial matters (I have watched all your interviews with Paul and enjoy them greatly), and to my dismay and concern, was told that this representative had discussed with you and Paul personally that the subject, while alarming, would not happen as Webb outlines. Puzzled I asked why and they gave me an answer. This was before your recent “deep dive” series began so I was straddled with a dilemma of cognitive dissonance. I am glad that you’ve since updated your position and stated it unambiguously–that if they designed the trigger why would it not be pulled…et al with the various historical examples to illustrate. I’d like to discuss this concern about this representatives feedback to me candidly if at all possible because it raises concerns about what is being said in a possible cavalier manner in order to manage the wealth of others without fully and accurately addressing the concerns, such as The Great Taking. Thanks for all you do.
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looking at Australian property statutes
Wondering whether this law has some relevance
which I found via
this is the kind of detail I need, the actual statutory definition of property rights with respect to shares:
https://legalvision.com.au/what-you-need-to-know-about-perfecting-security-interests/
“Control
A security interest can be perfected by control where the secured party controls the secured property. This includes:
- personal property like shares;
- publicly traded securities like bonds; and
- bank accounts.
A secured party controls shares where it possesses the original share certificates for those shares and an instrument that allows the secured party to transfer the shares.
Additionally, a secured party controls publicly traded securities where it can instruct the intermediary, like a stockbroker, who controls those securities to deal with the security interest in a certain way.
Further, a secured party has control over a bank account if it has the authority to use and manage the bank account at its discretion. Importantly, a security interest on collateral property under the control of the secured party will have super-priority over all other perfected or unperfected security.”
Meaning as a shareholder you are a secured creditor, you are not an unsecured creditor owed a portion of a pool of shares under someone else’s custody.
This seems even apply to bank (ADI) deposits, meaning a bank account makes you a secured creditor of a bank?! This is contrary to my understanding so I am wondering whether I have got something wrong
Also, if the stockbroker fails to act on your instructions, are you by fiat effectively no longer in control and therefore no longer a secured party?
I am a little worried by the blurring of “security holder” into “secured party”
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I wonder how this applies to EU countries.
Couldn’t find such outrageous laws for Germany (DE) in my search.
Anyway - if I buy stocks and futures with a bank in London.
Or a US company like JP Morgan.
Or Robin Hood.
Won’t those laws apply (US / GB instead of EU / DE)?
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Forgive me if I missed it somewhere in all of the presentations/conversations or perhaps it will be addressed in future episodes but…
Below are my spitballed wild ass guesses and preliminary probings around some unanswered questions.
I haven’t heard specifically what they are using our assets as collateral for? Is that hidden too?
It seems to me that this pool, which belongs to us but that we have junior claim to, are likely being used as collateral for the riskiest of bets or to cover already failed ones?
I mean why not go with the highest risk/highest gain possible, there are never consequence and its someone elses money-ours?
And the gist is when it all comes tumbling down, they’re mostly saved and were mostly screwed. Like always. I get all that.
I understand the concept of being unscrupuliously subinordinated in property claims and thats horrifying enough but what specifically are the bets these clowns are making by using our lifetime’s accumulation of wealth as collateral?
The same insane derivative shit that caused the GFC i get but what exactly are the underlying assets? Real estate, commercial RE, stocks, bonds, commodities, currencies? All of the above?
Are they intentionally burning it down right before our eyes now or is there a few more drops of blood to drain from the dying system?
I’m very close to taking my ball and going home. The largest issue there is the tax consequences.
I know where to park it and don’t care nearly as much now about beating inflation. I can hedge that in many other ways.
Right now I care more about return of investment than return on investment.
If enough people wake up and pull their cheese now and put it out of these psychopaths reach then the great taking (actually most all of their plans) are thwarted.
Maybe but will enough do it. Can enough do it or is the wealth already trapped? Doing this is the ultimate withdrawal of consent and maybe our final and only FU play?
They can certainly trap more of it by a sudden, unannounced increase of capital gains or raising penalties for early withdrawal or age or forbidding loans against retirement assets or even federalizing all retirement accounts. The progressives have tried that last one before, during Obamas reign and it failed.
Or just create another emergency and then legislation doesn’t even have to be drafted or voted on but probably just enacted by fiat or EO. To save us and democracy you know. Oh and the children.
So if any of these exits are still feasible and the outflows start to accelerate, then they’d recognize it and immediately place the appropriate roadblocks. No withdrawals, limited withdrawals etc., or only allowed conversions are to CBDC. Conversion to PM’s or BTC or anything else not on the list is forbidden. Just possible scenarios trying to think the way they do.
Short of an economic collapse wouldn’t implementation of a CBDC effectively capture nearly all assets anyway? Maybe it’ll go down that way before they collapse us?
So hell on earth or not, CBDC’S are near certain and logic dictates that (if they get their say) CBDC’s will come before a cyber pandemic or grid down. Those two things would unnecessarily form massive resistance even though Russia, China or any of alleged enemies might say different.
I’m sure people withdrawing en mass wpuld trigger multiple contingency plans that are already in place and that AI will give them minute by minute strategy updates and suggestions as the ants clamor for daylight.
Obviously the confiscation of gold back in the day was done to crush anyone’s ability to survive outside of their system more so than the official reasons given.
What are the odds they’ll try that again?
My guess is, very high and when it happens, it won’t just be self custody gold or PM’S they go after, it’ll be everything considered outside of their system or allowing self sovereignty.
I see less compliance. I really do this time around. Too many are hip to it. “Come and find it, you’re only going to get some of it etc.”, but who wants to live in that world? I don’t and if everything is captured, is it worth staying here? Will there be places to go? I believe so but that could change too.
The world GDP is approximately 105T. Some estimates are that the derivative contracts are as high as 10 to 20x that figure. Deutche Bank is nearly 48 Trillion in exposure alone. What about debt? What about unfunded liabilities? What about declining GDP and energy? What amount is connected to commercial RE? To China? Held in pensions?
There aren’t enough assets in the world to cover those figures? So the inevitable will happen and the only remaining question is when?
I think part of the reason they are playing so hard, fast and loose with insane spending, debt levels and printing is that they know its “end stage” and its time to capture as much of the last crumbs as possible. Greed but also survival instincts for their family’s future. Maybe there is a buy-in price for survival or a seat at the table?
Through words and actions they say, “F☆ck all you ants and useless eaters,” (that would be you, me and our progeny). No guilt or remorse just staying alive. Choice #3 in Garret Hardin’s lifeboat ethics metaphor. Lifeboat ethics - Wikipedia
There is going to be a response to that and I can’t see anything but ugly. Maybe that’s the reason for all the drills and hiding in bunkers?
We can talk about strategies to protect our traditional assets but that involves staying in their clearly rigged game. Play long enough and the house always wins. In a rigged game you loose, but more and even faster. Probably everything.
I appreciate the time and energy everyone has put in to bring this to the forefront.
Excellent work as expected by Chris and team and all the back and forth comments.
My personal conclusions are starting to solidify around the thinking that acting early is probably the least-worse play here and I’m close to accepting the tax hit to accomplish that. Or more accurately, partially that.
I’d hate to overreact but what is that famous Martensonism…an overreaction now will seem a severe underreaction later. Does that translate to this topic as well? Its ringing in my head.
I haven’t jumped yet but someone talk me off the ledge. Critiques of my oversimplification, misunderstandings and complete misses are welcome as well.
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Place the oxygen mask on your face first, THEN help others near you. Get out of their rigged game! Run, don’t walk. If enough of us did that it would thwart their plans but I’m guessing an even smaller percentage of us will get out of their game than refused to take the Clot Shots. Besides if they saw 5-10% of us getting out that’s when they’d pull the trigger they’ve previously installed (TM by Martenson).
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Yeah I need to have a sit down with a CPA. Looking at the tax implications are just one of the possible PITA scenarios.
For instance withdrawal from an IRA to physical pms and then say wanting to convert back to fiat to buy a property may be suboptimal. Triggering 10-99s and probably SARs on both sides but what about having seasoned money in my account to say qualify for the loan?
Anyone in the know that can take a stab at that one?
I’m not worried about paying taxes but is showing receipts for recent sales of physical PM’s along with the sudden bank account increase going to draw sideways glances from the lender or convolute the process?
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If you convert to a self directed IRA, you can invest in real estate
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So I’m going to offer an idea as food for thought.
One could sell it all, take massive tax hits, and get as far out of the system as possible.
Another thought is to hedge. Yes the paperwork is lined up to steal lots of this stuff. But when? Would they ever really pull the trigger? If they pull it all at once, would a mass revolt make it impossible?
Essentially pulling everything out right away, costs be damned, is making an unhedged bet that TGT will be implemented very soon and it would take it all, without fail.
But what if we are wrong?
Splitting the portfolio to favor protection against TGT makes sense but one could leave a little in the system. Taking things out is an insurance play, betting on one event occurring.
Maybe 50/50 or 80/20 etc out/in gives you exposure to your current investments while the rest is taken out as insurance against TGT - assuming the funds taken out get zero return, or low return in short term US Treasuries.
Maybe some gold silver or other hard assets would protect against inflation. Even there I can’t rule out deflation occurring for an extended period as happened in the Great Depression so some cash and liquid assets would be beneficial too.
TL;DR: be cautious of going all-in on investments, including bets against inflation or TGT. Hedge a little bit just in case you’re wrong.
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Excellent perspective as we have no idea what’s going to happen, or when.
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Hi Redneck, I was really suggesting that if we all pulled out of the system it could cause a reverse ‘Game Stop’, leaving the sharks wondering were have all the little fish gone. Similar to the general strike some are proposing here in Australia on or around May day. I’m actually going with the diversified strategy you suggest at the moment. Brought my first pieces of gold and silver yesterday.
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Awesome post on perfected control! I asked ChatGPT to help me get this a bit better, and here was the answer:
The phrase “perfected by control” typically relates to the concept of perfecting a security interest in the context of secured transactions, especially in legal and financial circles. In the realm of commercial law, when a lender provides a loan and takes a security interest in collateral to secure that loan, they need to perfect that interest to establish their priority over other potential creditors in case the borrower defaults.
Perfection methods can include filing a financing statement, taking possession of the collateral, or, in the case of “perfected by control,” maintaining control over certain types of collateral. Control is often associated with financial assets like securities, investment accounts, or electronic chattel paper.
For example, if a lender takes a security interest in a borrower’s investment account, the lender may perfect its interest by gaining control over the account. This can involve the lender and the borrower entering into an agreement with the financial institution holding the account, specifying that the lender has control over the account and the ability to manage it in case of default.
By perfecting the security interest through control, the lender enhances its legal standing and priority over other claimants who may have an interest in the same collateral. The specifics can vary based on jurisdiction and the type of collateral involved, so it’s crucial for parties involved in secured transactions to comply with relevant legal requirements.
Next, as a shareholder, you are not a secured creditor. If the security is in ‘street name’ then you 100% have a security entitlement, and you have a subordinate claim.
Even if you have your shares registered in your name and held on the books of the issuer (the company issuing the stock that is), then you have that ownership, but as always equity is the lowest form of claim against a company that goes bankrupt.
But at least with that you are not exposed to any broker or intermediary shenanigans.
For bank deposits, you are absolutely an unsecured creditor. That’s also crystal clear. At least here in the US.
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I still park money in a self-directed IRA every year. It’s a great way to avoid taxes. But, because I am the check-book authority for the IRA, I do things like buy land, and gold and silver with those funds.
If you’re interested, I can tell you more about it and I should probably get Damion Lupo back on to talk about it.
No need potentially, to take a tax hit, simply create the new IRA and roll into it.
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True…but, caveat, it cannot be of direct benefit to you or your ‘vertical’ relations (moms/dads, and sons/daughters, grandparents).
It can be for horizontal relatives’ benefit, including brothers/sisters and cousins, etc.
Don’t ask me why because I don’t know.
Thanks Chris, your part 3 video has me alarmed by this “perfected by control” because in addition to the obvious case of a margin loan where the lender has control in order to liquidate, could an ordinary brokerage account give away “control” over your shares, even if directly registered, because effectively the broker does have control, the question is maybe whether there is explicit wording in the terms of service to say the broker can only act under the instruction of the shareholder. Otherwise, the broker effectively has “control”?!
My main broker is commsec. Their terms and conditions have many references to “control” and “controlling participant” so I am wondering what the exact implications of all that are
As an aside this is reminding me of mRNA gene therapy, there is always some other pathway to injury we’d never thought of!
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