Money & Markets Report: October 5, 2023

A Short Preview:

Theme: Corruption Ain’t What It Used To Be

Ask Catherine will be posted on Friday here.

Interview: A 21st-Century Approach to Energy, Part III – What Can I Do? with Charlie Stephens

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154 Comments

  1. https://open.substack.com/pub/josephsansone/p/floridas-forced-quarantine-and-forced?r=cz3xq&utm_campaign=post&utm_medium=web

    For any and all in the state of Florida……I have known for some time about the “Baker Act” which is an extremely scary law on Florida’s books allowing citizens to be hospitalized against their will by any number of agency representatives, but I didn’t know about this one regarding forced quarantine until recently. It appears to be the Prep Act on heavy duty steroids and was signed into law in 2021.

    Baker Act on Wikipedia: https://en.wikipedia.org/wiki/Baker_Act

    Baker Act: https://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0300-0399/0394/0394.html

    1. The best way to stop the body politic to see the clear and simple truth of the intentionality of the great poisoning is to prevent the confirmation by leaders of the lethality of the different parts.

      2. If we have reverted to pre-Westphalian violence, could an insurance underwriter create an assassination insurance policy for state politicians whose state governance activity puts them at risk of injury or worse? Add to state budget. Pool defensive and forensic expertise across states with shared governance risk.
        High policy value to maximize Streisand effect and create financial incentives to implement continuous defensive security (e.g. plane, train and auto inspection, screening of maintenance workers and facilities) and post-mortem, state investigation of all fatal accidents, beyond what is done by NTSB.
        Failing that, how about a national monument to those fallen politicians who lead by example and paid the ultimate price?
        Even air safety experts are not safe.
        https://www.cnn.com/2023/10/02/us/russ-francis-plane-crash-death-new-york/index.html

        Richard McSpadden, 63, and Russ Francis, 70, died after the Cessna Cardinal they were flying crashed near the runway of the Lake Placid Airport, “striking an earth embankment,” according to New York State Police. 

        McSpadden was the head of the Aircraft Owners and Pilots Association’s Air Safety Institute, which focuses on curbing crashes of general aviation airplanes.

        1. Rich, “Kidnap& Ransom” Insurance policies exist in the private insurance market place. To create a scheme as you mention would more than likely require the complete capture of an insurance company…infused with “insider” injected capital….a slightly different version of what, you might say, was accomplished using AIG during the financial crisis.

  3. I understand that testing municipal wastewater for covid is a possibility or already in action. Rationalizing future lockdowns in specific areas is already well discussed. It is interesting that an entity associated with Blackrock has purchased a local waste collection company that provides service to rural properties where I reside. Maybe this is a way to justify locking down rural areas since these properties are on well water, not municipal water.

    1. Question, i have never heard of testing for a virus in per or feces. If thats possible, why dont they do that at the doctors office as a diagnostic tool?

    2. Lol! Only if you/we are foolish enough to relinquish control of ‘ourselves’ to UN. I say ‘ourselves’ because we know that the US Government already relinquished control.
      DO NOT COMPLY. DO NOT ACQUIESCE! NO FEAR!

      1. Where do you find these links Rich??? I am not in USA, but this info is still incredibly interesting.

          2. the search engines are not a disaster. they are working *exactly* as desired; to severely limit access of the common people to real information while pretending otherwise.

          3. Thanks to web translation (e.g. built into iOS Safari), one can compare results from search engines in different countries, which are at least differently biased in their censorship.

      1. Received a letter from the insurance company regarding updated coverage. One point relevant to testing of wastewater:
        ” Loss or damage to your property resulting from virus, bacteria, micro-organisms and communicable disease will now be excluded ”
        Have you heard of anything similar in NZ? Would make sense to remove insurance payouts if wastewater testing is being used to lockdown properties.

        2. Haven’t heard about something similar yet, but won’t be surprised if or when I do!

  4. Catherine, what’s your opinion on Kevin McCarthy’s voting out as speaker of the House? Would be interesting to see what’s happening behind the scenes. Thanks, Christian

    1. Agreed.

      Lots of talk about Trump taking over as Speaker. Is this even possible? As far as I’m aware there’s never been a Speaker who wasn’t already a member of the House.

      However, per article 1, section 2 of the Constitution, all it says is “the House of Representatives shall choose their speaker and other officers…”.

      In today’s barmy world, I wouldn’t rule out anything.

  5. “The Great Taking” is a short book published for free, online, by David Rogers Webb in May 2023

    In it, the author argues that “essentially all securities owned by the public in custodial accounts, pension plans and investment funds are now encumbered as collateral underpinning the derivatives complex” and that “ownership of securities as property has been replaced with a new legal concept of a ‘security entitlement’, which is a contractual claim assuring a very weak position if the account provider becomes insolvent.”

    You and John may appreciate the short chapter on Security Entitlement, among others, and I would be very interested in what you think.

    The Great Taking
    https://mpalmer.heresy.is/webnotes/TheGreatTaking

    Chapter on Security Entitlement
    https://mpalmer.heresy.is/webnotes/TheGreatTaking/Security-Entitlement.html

    1. I heard about it too via Ivor Cummins’ channel and then read this booklet earlier in the week.
      Very interesting and even more reason to focus on assets outside of the system I’d say.
      Hopefully the Sweden conference will be made available online at some point, at least at a discount i hope!

    2. Call me stupid, but isn’t that the issue of re-hypothecation Catherine defines as 20 people holding a mortgage to the same property / stock / investment but only one is left standing. Who owns the asset?
      This is finally getting interesting after so many years!

    3. David Webb highlights a critical legal distinction between owning a “security” and owning a “security entitlement against an account provider.” He says that in US and Canada investors own security entitlements against the account provider and that this can mean in the event a custodian becomes insolvent an investor who believes they own a security outright may end up with a weaker claim to the security than other creditors.

      1. Listened to part one of a multi part by this author today. Glad I read the comments, since I was about to share with CAF ?

        1. Do you think it is true that one could end up being treated as an unsecured creditor with respect to stocks/other securities held in a brokerage account at Fidelity in the event Fidelity became insolvent? Meaning an investor who believes he owns these outright could end up with a weaker claim to those securities than secured creditors? It wouldn’t surprise me too much at this point, but I don’t know.

          1. Isn’t this what has been happening lately where class A shareholders did NOT get reimbursed after bankruptcy?
            Also UBS taking over Credit Suisse?

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