It's a very quick read. Some of this I knew about. Most of it, I didn't.
What is this book about? It is about the taking of collateral, all of it, the end game of this globally synchronous debt accumulation super cycle. This is being executed by long-planned, intelligent design, the audacity and scope of which is difficult for the mind to encompass. Included are all financial assets, all money on deposit at banks, all stocks and bonds, and hence, all underlying property of all public corporations, including all inventories, plant and equipment, land, mineral deposits, inventions and intellectual property. Privately owned personal and real property financed with any amount of debt will be similarly taken, as will the assets of privately owned businesses, which have been financed with debt. If even partially successful, this will be the greatest conquest and subjugation in world history.
This is the endgame of central banking. If you want just those potential scenarios, Griffin outlines it in a single chapter of his 500 page book. Just reading about this guys early career gives me stress. I've put in the extra effort a few times at various companies, and it's NEVER been worthwhile. I don't care much more money I would have made, my family is too important.
When I worked at Schwab, I was disturbed to learn that the brokerage can lend out your stock to short sellers without your permission. In fact, that's the normal situation. Your stock simply is not there. It was lent out so the brokerage can make interest off of the short sellers.
So the brokerage has a debt to you. It owes you your stock when you ask for it. When you want to sell it, the brokerage has to come up with those shares on the spot, put them in your account, and sell them for you.
But what if the people they lent the stock out to cannot give it back because they are bankrupt? It's like a bank run at that point.
One thing you can do in theory is to get physical paper shares mailed to you. Then you really do have them. The brokerage doesn't like that at all, because then they can't lend them out, so they'll charge you a fee to do it. Not even sure it's still possible. Anyone ever do that?
But in the event of such a run, the shares may lose most of their value anyway. Or who knows, maybe they will go up in value because of the shortage of real shares rather than mere promises of shares.
https://thegreattaking.com/
It's a very quick read. Some of this I knew about. Most of it, I didn't.
What is this book about? It is about the taking of collateral, all of it, the
end game of this globally synchronous debt accumulation super cycle.
This is being executed by long-planned, intelligent design, the audacity
and scope of which is difficult for the mind to encompass. Included are
all financial assets, all money on deposit at banks, all stocks and bonds,
and hence, all underlying property of all public corporations, including
all inventories, plant and equipment, land, mineral deposits, inventions
and intellectual property. Privately owned personal and real property
financed with any amount of debt will be similarly taken, as will the
assets of privately owned businesses, which have been financed with
debt. If even partially successful, this will be the greatest conquest and
subjugation in world history.