The Great Taking: How JP Morgan & Central Banks Plan to Take All Your Assets - Insider Reveals
By ITM TRADING, INC.
Key Concepts
- The Great Taking: A systemic risk involving the re-hypothecation of assets and the erosion of true ownership rights within the financial system.
- UCC Article 8: Uniform Commercial Code Article 8 governs the transfer of securities. Proposed changes aim to restore direct ownership rights.
- Re-hypothecation: The practice of using collateral received for one transaction as collateral for another, creating a cascading system of leveraged risk.
- Dematerialization: The process of converting physical securities into electronic records, facilitating re-hypothecation.
- Central Bank Cabal: The idea that central banks globally are coordinating actions with malicious intent, driving towards a systemic collapse and reset.
- Hybrid Warfare: A strategy combining conventional and unconventional warfare, including financial manipulation, to achieve geopolitical goals.
- Determinism vs. Spiritual/Mental Reality: The philosophical debate over whether reality is solely material and predictable or influenced by consciousness and intent.
The Banking Lobby & UCC Article 8 Fight
David Webb details the ongoing struggle to reform UCC Article 8, which he argues allows for the systemic “taking” of investor assets through re-hypothecation. He asserts the banking lobby actively obstructs these reforms, resorting to misinformation and threats. He highlights that the lobby’s arguments against change – such as the necessity of the current system for financial stability – are demonstrably false. The core issue is that investors appear to own securities but lack true, direct ownership. This is enabled by the current UCC structure, which allows for the pooling and re-use of assets without investor consent.
Webb uses the “castle analogy” to illustrate the dynamic: financial institutions (the “townsfolk”) believe they are protected by larger entities like JP Morgan (the “lord on the hill”), but in reality, they serve to protect JP Morgan because the assets have been concentrated at the top. He emphasizes that the problem isn’t simply about contacting representatives; it requires leadership from within the financial services industry itself. He notes a disappointing lack of such leadership, attributing it to fear of disrupting the status quo and potential retaliation.
The Illusion of Asset Segregation
Webb explains that regulations intended to segregate client assets are a “subterfuge.” While assets may be recorded as segregated, they are, in practice, pooled and used as collateral without restriction. He argues that even a single capable individual within a brokerage firm or state treasury could initiate change by recognizing this issue and advocating for reform. Changing UCC Article 8 wouldn’t disrupt existing contracts; it would simply allow for new contracts to be established under a system of clear ownership priority. This would attract assets to states adopting the reform, as investors would have unchallenged priority to their own funds.
Global Implications & The Russian Central Bank
Webb expands the scope of the “Great Taking” beyond the United States, stating the practice of dematerializing and pooling securities has been implemented globally, beginning in the US and spreading to countries like Sweden, Europe, and even Indonesia. He discusses the case of Euroclear and the Russian central bank’s assets, noting that 70% of Russia’s reserves were held there. He points out the seeming contradiction of Russia, a nation supposedly hardening its financial defenses, leaving such a large portion of its assets vulnerable.
He cites research by “Parallel Mike” revealing the assets were already frozen before the public outcry, suggesting a deliberate strategy to create a narrative of vulnerability and threaten other nations. The public debate over seizing Russian assets, he argues, was a signal to other states that their assets held in Europe are also at risk. He posits that the Russian central bank, like other central banks, operates with international financial interests, participating in the system despite its apparent risks.
The Central Bank Cabal & Perpetual War
Webb asserts that central banks are consistently on both sides of conflicts, profiting from war and instability. He references Richard Verer’s work on Paul Warberg’s role in financing both sides of World War I, drawing a parallel to the current situation in Ukraine. He argues that the current global bubble is intentionally inflated to an unprecedented scale, designed to collapse and facilitate a systemic reset. This reset, he believes, is part of a larger “hybrid war” strategy.
The Role of Consciousness & The Existential Threat
Webb shifts the focus from material solutions (like owning gold and silver) to the importance of consciousness and understanding the true nature of the threat. He laments that the discussion around the “Great Taking” has become overly focused on material concerns, obscuring the larger existential threat to humanity. He argues that a deliberate shift towards determinism and materialism in the 19th and 20th centuries has eroded people’s understanding of the power of consciousness and the reality of evil. He emphasizes that the greatest dangers come not from the natural world, but from the intentions of others. He believes humanity is rediscovering the importance of recognizing and confronting these forces.
State-Level Efforts & Political Interference
Webb provides updates on ongoing legislative efforts in states like Oklahoma, Tennessee, and Utah, highlighting the challenges faced by reformers. He specifically mentions that John Lunberry, a senator who supported reform, was targeted for defeat, potentially with the involvement of Donald Trump. This illustrates the powerful forces actively working to maintain the status quo.
Metal Volatility & Central Bank Control
Regarding the recent volatility in precious metal prices, particularly silver, Webb cautions against attempting to profit from short-term fluctuations. He notes that silver’s production cost is relatively low, but its current price is significantly higher, creating a potential for a rapid correction. He reiterates the importance of diversification and warns that central banks ultimately control the system and will act to protect their interests, potentially at the expense of individual investors. He emphasizes that owning gold and silver is a defensive measure, but not a complete solution.
Notable Quotes
- “The only way to stop these things [threats to humanity] is to stop the funding and then it all stops.” – David Webb
- “Evil is real. That’s what people are coming to realize again.” – David Webb
- “The mind determines our reality.” – David Webb
Technical Terms
- Hypothecation: The pledge of an asset as collateral for a loan without transferring ownership.
- Re-hypothecation: The re-pledging of collateral that has already been hypothecated.
- Dematerialization: The process of converting physical securities into electronic records.
- UCC (Uniform Commercial Code): A set of standardized laws governing commercial transactions in the United States.
- Euroclear: A Belgium-based international central securities depository.
Logical Connections
The interview progresses logically from a discussion of the immediate fight to reform UCC Article 8 to a broader analysis of the systemic forces driving the “Great Taking.” Webb connects the state-level legislative efforts to the global financial system, highlighting the role of central banks and the interconnectedness of international finance. He then shifts the focus to the philosophical and spiritual dimensions of the crisis, arguing that a change in consciousness is essential for overcoming the threat. The discussion of metal volatility serves as a practical example of the challenges investors face within a manipulated system.
Conclusion
David Webb presents a stark warning about the systemic risks facing the global financial system. He argues that the current structure allows for the covert transfer of wealth from investors to powerful institutions, facilitated by the re-hypothecation of assets and the erosion of true ownership rights. While legislative reforms are necessary, he emphasizes that a fundamental shift in consciousness and a recognition of the true nature of the threat are essential for achieving lasting change. The interview underscores the interconnectedness of financial, political, and philosophical forces, and the urgent need for individuals to understand the dynamics at play.
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