Will Things Devolve Far Enough to Trigger The Great Taking?

Finance U Public Finance U
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Originally published at: https://peakprosperity.com/will-things-devolve-far-enough-to-trigger-the-great-taking/

Welcome to this lengthy and important Finance U episode. Today, Paul and I discuss the ongoing war with Iran, new inflationary pressures, and how to protect your wealth from The Great Taking (and Larry Fink).

Open by September 7th!?

Trump recently said that he thought the Strait of Hormuz (SoH) could be reopened by Labor Day. Yikes! That’s three months from now.

Trump: Could have the blockade of Iran lifted by Labor Day

— *Walter Bloomberg (@DeItaone) June 3, 2026

Is anybody advising him that, at the pace set over the past three months, the Western US would run entirely out of diesel and jet fuel?

Let’s hope Trump misspoke. If the SoH remains effectively closed until then the world oil inventories will crater and create real supply shortage chaos.

The head of freight at Mercuria says that the world is already at the point where fully 10% of global shipping could be stopped due to a lack of fuel:

By Labor Day, that could turn into something far worse than 10%…

Inflation

One thing leads to another, and so it is entirely unsurprising that higher fuel costs are translating into higher inflation readings.

The most recent ISM survey was an eye-opener. Every commodity was reported by managers to be up in price. None were reported to be lower.

Global shipping costs have doubled since February.

Nitrogen fertilizer shipments are down by roughly half since last year. The 2027 crop season could be in trouble, and come in very light. We’ll have to wait and see how 2026 comes in.

Protecting Your Wealth From The Great Taking (And Larry Fink)

The AI super bubble carries along, with no clear line of sight to profitability. Why is probably why Larry Fink, the CEO of BlackRock, has come right out and said that it will be your savings account, pensions (and 401ks) and insurance premiums (after the insurance companies lose money on the deals, teat is) that will have to fund the reckless buildout of data centers.

LARRY FINK says America needs trillions in AI infrastructure spend, and YOU must "invest" in it"to be the leader in AI...[will] require trillions... in investments""Much of this... [will come] from...savings accounts, pension accounts...insurance companies""This is a must" pic.twitter.com/JJLSpPdapA

— Sense Receptor (@SenseReceptor) May 24, 2026

Every time I listen to Larry Fink, this pithy quote comes to mind:

With the extreme levels of frothiness in global equity markets, combined with the sudden reversal of fortunes of Japan (as noted by yen weakness and rising long bond yields), there’s a rising chance that ‘something goes wrong’ with enough vigor to trigger the Great Taking legal machinery.

Paul and I reviewed that machinery briefly before Paul explained the many steps he has taken to ensure, as much as possible, that his client’s accounts are safely out of the way of that legalized plunder.

This involves such things as moving people into Type I accounts and remaining under current SIPC and FDIC insurance limits.

Otherwise, in Type II accounts, ‘your’ assets aren’t yours at all, but have been pledged into a rehypothecation scheme to be lent out to other parties for a fee (collected and retained by your broker). What happens if the system freezes up and those lent-out assets cannot be returned for whatever reason?

That’s when all of this legal gobbledygook comes into play:

Whenever legal language becomes that complicated, you can be sure it was designed that way to perform a specific function; in this case tell you that you are not the senior claimant to ‘your’ assets under certain circumstances. Please plan accordingly.

Timestamps

25:02 Inflation Dynamics and Economic Consequences
28:06 Rising Costs and Inflationary Pressures
29:35 The Importance of Financial Planning
33:22 Navigating Economic Challenges
35:45 The Impact of Consumer Debt
37:37 Market Signals and Consumer Behavior
39:50 Gold and Commodity Dynamics
42:22 Food Security and Inflation
46:22 Faith in Currency and Economic Stability
54:02 Understanding Financial Planning and Client Relationships
55:17 The Importance of Financial Awareness and Market Dynamics
58:58 The Role of Major Financial Institutions in Economic Stability
01:03:03 Navigating the Risks of Financial Systems and the Great Taking
01:08:28 Understanding Securities and Ownership in Financial Accounts
01:14:31 Strategies for Protecting Assets in Financial Markets
01:18:28 Understanding Account Types and SIPC Coverage
01:22:05 The Evolution of Financial Safeguards
01:25:03 The Risks of Derivatives and Speculation
01:29:43 401k Plans and Their Vulnerabilities
01:33:05 The Great Taking: Historical Context and Current Concerns
01:35:22 Speculation and Market Behavior
01:38:45 Leveraged Bets and Market Signals
01:44:54 Protecting Assets in Uncertain Times
01:49:38 The Importance of Prudence and Strategy

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I could read elites behind Trump have this plan to have this september, get people in shock and then magically revert to normal… but Iran will disagree. Then elites throw tantrum but we see it by Trump larping that tantrum in truthsocial posts. As elites are too lazy to do that.

You dont need shipments to stop in west coast to have total panic and do all lockdown type things, right, it is enough as it is?
I could be wrong and only .1% have prepared properly and they are planning to throw regular billionaires to wolves.

Recent week events suggest this great plan was in motion but friction appeared. It will be more so.
Remember when wallstreet gamblers gotten used to always win, went to national tv to whine about WSB? Paul and others can assess that one. Larry Fink enjoys totally rigged system. Blackrock shouldnt exist. Without government it perhaps wouldnt.

That PADD map to me tells this is now way beyond what traders and whales wanted to push volatility to get profits but now it is out of control.
I suspect we might see US financial folks trying to crash allies economies to secure last drops of valuable fossil liquids to break current contracts.

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So…no more Iran has a Nuke stories today?

And maybe a resolution against the Trump war.

I read somewhere weeks ago this would be the best deal Trump could get.

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Maybe the purpose of this exercise is to give the world a small taste of what net zero would look like.

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Is it inflation when some just want to gouge you?

Just yesterday, I got my windscreen replaced on my car, quoted $1550 from one repairer Obriens (who promptly dropped it to $1275 when I said I wasn’t going to book in and to just email me the quote).. went to a local who charged $840. Turns out he used to work for Obriens and thought he could do it better for cheaper on his own.

Also, Lamb Cutlets, an Australian Icon food for the bbq.. $80/kg at the local butcher, $51/kg at our Wallmart equivilent (Coles).. $19/kg from our local farmer 5kms down the road.. get this, who uses the local butcher to process the lambs :woozy_face:

Pays to shop around. For. Everything.

That said, my organic chicken feed went up $5 to $50/bag (20kg). Glad I bought a Ton at the start of the war for $38/bag.

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It looks like the great Michael Yon may have gone AWOL because of the “Baby Thang” with Musako?

I get it….

But, we need every Swinging Dick out there on the global Battlefield analyzing Routes and Resources and strategizing….

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Speaking of Swinging Dicks, what’s Jeffrey Epstein now up to?

“They” purportedly called Epstein up in jail asking for financial advice during the thick of the 2008 Great Financial Crisis.

Then, “They” faked his death in jail claiming that he hanged himself with a paper bedsheet.

True Story….

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“Go Where You’re Treated Best”

  • Jeffrey Epstein (Little St. James Island)
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If you have not read David Rogers Webb book The Great Taking, you are just parking money in dark places. For what it is worth, his book almost as important to read as Chris Martenson’s book. A real eye opener.

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You deserve and attaboy for this comment.

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Where is Larry Fink’s exclusive, posh Bunker located?

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Checks are no longer accepted not because of a loss of faith in the currency.

Checks are not accepted because of a loss of faith in the people.

Immigration from low trust societies.

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No, inflation is when the government wants to gouge you. All prices go up both the honest ones and the crooks. The difference is that government prints more paper money and as the currency declines in value the government taxes you on the currency decline in value. For example, you buy something for $100,000. Within 5 years it is “worth” $200,000. You sell it and get hit with a capital gains tax. It has not increased in utility or usefulness. If you buy a similar item it will cost $200,000. But you still owe capital gains on the gain. Where did the gain come from? The government just printed more $$. Again, this is the short version.

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Does Larry Fink look a bit like “Dr. Evil” in those 1990’s Austin Powers (Mike Myers) movies?

Dr. Evil lived in an underground lair beneath an island volcano.

“Go Where You’re Treated Best”

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https://www.marketwatch.com/story/in-wild-twist-spacex-wont-be-allowed-early-entry-to-the-s-p-500-after-all-2c1b8205?mod=home_lead

In ‘wild’ twist, SpaceX won’t be allowed early entry to the S&P 500 after all

S&P Dow Jones Indices considered whether to loosen index requirements but opts to keep its policies unchanged

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Mish explains why some optimism but ends saying nobody knows:

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True, but its worse than that: the decline in value in the currency IS a tax as well. If you hide your 100k in the garden for the same period of time, it only has 1/2 the buying power at the end. The govt has taken the other half.

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Are you sure about that 8 ball?

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My 8-ball says “expand your garden”

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