A Short Preview:

“You’ll own nothing.”
~ World Economic Forum prediction

By Catherine Austin Fitts

Upon surviving a mass atrocity, you come to understand the criminal nature of the financial syndicates roaming the planet. Human rights are everywhere threatened. So are property rights.

Private property is important. It is family wealth that creates community wealth and stands between us and the abyss in emergencies or challenging times. Remove our assets and our access to wealth-building, and we lose our independence and the reserves that make the difference. We lose the entrepreneurial seed corn that creates an enlightened and productive society. If we own nothing in a world with central transaction control, we are no more than slaves.

For several decades, we have watched growing bubbles in the fixed-income markets. It became more than clear during the financial crisis of 2008–2012 that our collateral system was marked by high levels of fraud. Ultimately, the bailouts—supposedly necessitated by a collapse in the mortgage and housing markets—were more than 300% of the amount needed to retire all the single-family mortgages in the United States. In the process, we have experienced events that create serious questions about the ability of banking creditors and investors to compromise investor and depositor assets and the willingness of regulators and courts to allow them to do so. Such events include:

  • The collapse of the Madoff fraud controlled by JPMorgan Chase
  • The resolutions of Lehman, Bear Stearns, and MF Global
  • The HSBC settlement with the U.S. Department of Justice
  • The U.S. Treasury and New York Fed role in the collapse of Silicon Valley Bank
  • The acquisition of Credit Suisse by UBS

The result has been increased concerns about the dangers of bail-ins of our bank deposits in an engineered consolidation of the banking system. This is compounded by increased concerns regarding the potential destruction or confiscation of our real estate through regulation and taxation inspired by “climate change.” It also includes questions regarding the ownership and custody of securities described in a new book titled The Great Taking by retired hedge fund manager David Webb.

Originally from Cleveland, Ohio, David has studied the financial and human harm caused to several generations of his family by engineered pumps and dumps of the U.S. economy. Committed to protecting himself and his family, David had a successful career in the hedge fund business. Concerned by the corruption in the U.S. financial system (made clear during the financial crisis), David moved to Sweden, convinced that his assets would be safer in the Swedish securities, banking, and custodian systems. Then, as the Swedish and European systems aligned with U.S. practices, he continued to research the byzantine developments taking place in the legal and financial nuts and bolts being engineered in the backrooms of the global financial systems.

Persuaded that Mr. Global has now created a global mechanism to assert creditor rights over all securities, David lays out his case in The Great Taking. David bases his analysis on statements made by regulators as to what they can do. Carolyn and I still cannot document the legal pathway behind these statements. I believe that much of what David describes were mechanisms created to keep the collateral bubble going. David points to changes in the Uniform Commercial Code that we do not understand—more research here would be invaluable.

We do not agree with David’s analysis of money velocity. Centralization and criminality remove trust from the system, bringing on a drop in money velocity. Growth without inflation is more than possible, but it will require a change in the governance and central banking systems. Where we do agree is that the central bankers intend to strip us of our assets and property rights. If the central bankers achieve financial transaction control, they will indeed be able to engineer a “great taking.” The pandemic destruction of small businesses and family income was simply a small taste of what will then be possible.

This coming week, David joins Carolyn Betts and me to describe his journey from money manager to author, help us understand the documents and evidence supporting his conclusions (yes, this gets into lots of technical issues regarding securities) and the general assault on our property rights, and share his thoughts on what we do about it all. We are deeply grateful for David’s research and his willingness to share it broadly. His work proves once again that the deterioration in the integrity of our legal and financial systems creates unacceptable risks – including for the very wealthy.

I will review a list of “takings” covering all asset classes with Dr. Farrell in the Annual Wrap Up – News, Trends & Stories Part I in January, so stay tuned for that as well.

Get the Book

Related Solari Reports and Videos:

All the Plenary’s Men

JP Madoff with Helen Chaitman

Stopping the Steal with John Titus

Book Review: Bailout by Neil Barofsky


55 Comments

  1. Weird. This isn’t the original interview also with Carolyn Betts. Why was this replaced?

  2. A big thank you! This answers interview many of my questions about Webb’s documentary and book. You, Catherine, and the Solari Report, are truly amazing. I just heard the interview with Dr. Mercola and discovered the books, “The New Science of Heaven,” by Robert Temple and “The Economy of the Energy Body,” by Ulrick Granögger. I’m really looking forward to hearing the interview you did with the later about this! Such powerful, useful and informative information and insights! Very grateful. Here’s the link to the Dr. Mercola interview in case anyone missed it.
    https://www.bitchute.com/video/HYLSZeU3Hon7/

    1. Thanks, Debra. Helps to have a general counsel with 30+ years of experience in legislation, regulation, deep state dirty tricks, business, fixed income and equity securities, geopolitics Lots of integration required.

  3. If, as Catherine says in Jan 4 Money and Markets, David Webb hasn’t made his case legally – will the video presentation or book be updated to reflect this – for people who have recommended this to others?

  4. Interesting that according to this article Berkshire Hathaway still offers Paper Securities: “When did they stop issuing paper stock certificates?” September 21, 2022 ARTICLE: https://scienceoxygen.com/when-did-they-stop-issuing-paper-stock-certificates/#:~:text=What%20companies%20still%20offer%20paper%20stock%20certificates%3F%201,%28Switzerland%29%205%20Coca-Cola%20Hellenic%20Bottling%20Company%20%28Greece%2C%20UK%2Additional Article: “Paper Securities Still Exist, And DTCC Is After Them”
    by: Tom Groenfeldt, Forbes Oct 15, 2020,10:53am EDThttps://www.forbes.com/sites/tomgroenfeldt/2020/10/15/paper-securities-still-exist-and-dtcc-is-after-them/?sh=7df9605b35e9 Here is the white paper: “From Physical to Digital: Advancing Dematerialization of U.S.”INTRO: Securities https://www.dtcc.com/dtcc-connection/articles/2020/september/21/from-physical-to-digital-advancing-dematerialization-of-us-securities PAPER: https://www.dtcc.com/dtcc-connection/articles/2020/september/21/from-physical-to-digital-advancing-dematerialization-of-us-securities

  5. I don’t know how much confidence I have in how our legal and political systems regard the law. There are some bright spots like the judge’s decision to disallow the federal government from colluding with social media to censor. On the other hand, a judge decided that it was okay if Pfizer committed fraud in its’ clinical trial (my understanding) as rules put in place (outside most people’s notice) did not require a clinical trial. Also, the legal system seems weaponized and all too often the judge is not a remedy. So, does legality vs. illegality have as much meaning in our political/judicial systems as we always thought ? A long time ago, someone said rhetorically ‘What is truth ?’

    1. Perfect example was UBS acquisition of Credit Suisse – IMO out of control lawlessness.

  6. I was an mf global victim. Client accounts were frozen for a while, several days? Can’t remember. Then they were liquidated and Chase took all the money. It took four years to get it back, with the lawyers and receiver (I think that’s who had control) billing all the way. In the few days they froze my account but didn’t liquidate, I lost 16%. When I finally got the balance of our money, I split it between two brokers and sadly one of them was embezzling client funds. In the end, I lost about 40% of our money.

    In both cases, the exchanges should have liquidated all accounts as fast as possible and returned the money to the clients making them whole. That’s how it worked before mf global. Now, forget it. I took most of our money out of the futures accounts and bought rentals. I still have a small account. I look at it as an intellectual activity to keep my mind young. Ja, ja, ja.

    1. Cathy:
      Thanks very much for the report. This was a perfect example of a creditor asserting control of client assets and the costs of untimely pay on insured or “protected” deposits. This is why you never want to depend on SIPC or FDIC – why you care about the underlying credit of the institutions you are doing business. with. The fact that subscribers kept banking with JP Morgan Chase after MF Global and Madoff was part of what inspired us to do this one – https://home.solari.com/blast-from-the-past-week-of-june-20-2022-jpmorgan-chase-selected-legal-regulatory-and-enforcement-settlements-2002-to-2019/

      Why would anyone bank with a serial felon? I have never understood.

      1. It’s amazing when we are reminded that the value or devaluation of assets-money is out of our control. I recall often what got me interested in things global and financial …and that was when I was a teenager in Europe when Nixon devalued the dollar and subsequently yanked the Gold Standard. For 3 days, (remember, this was prior to the formation of the EU by almost 2 decades), the banks closed and no matter how many American greenbacks you waved in front of a vendor to buy food, petrol or secure lodging the door got slammed in your face. I had the chance to chat w a Brit sitting outside of a closed bank, who explained the British had just dropped the value of the pound sterling and that he and his wife were getting the same treatment. You better believe I signed up for some econ classes in college the following year when I was back in the US and starting my college journey. My jaw was on the floor that European summer in ’72 when I understood in an instant how fast monetary value could shift.

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