Loading ...The Great Taking
Snippets from: Chapter IX The Great Deflation
The Fed created the “Everything Bubble” with the justification of fighting
the Global Financial Crisis, which of course the Fed had also created,
by lowering the Fed Funds Rate from 5% to near zero, and then keeping
it near zero for most of the past 15 years. The Fed has now increased
the Fed Funds Rate from near zero in April of 2022 to more than 5.00%
in just one year.
That the decline in global financial and real estate markets will be
massive, has been made certain. This cake is baked. The financial
gains of the past 15 years have been an illusion. Some take comfort
in thinking that the losses can be hedged in the derivatives market. If
that is the case, the losses do not disappear. They are in the derivatives
complex. Epic losses will be concentrated on the balance sheets of the
CCPs, which, as we have seen, are designed to fail…
When the “Everything Bubble” is imploded, we will face a deflationary
depression, which will span many years, even decades. This coming
Great Deflation is intrinsic to the Great Taking….
As in the Great Depression, prolonged deflation will assure that people
who are in debt will not be able to make payments on their debts, let
alone repay them. They will be trapped. All property and businesses
financed with debt will be taken…
The Great Taking authored by: David Rogers Webb (hedge fund founder) (now living in Stockholm, Sweden)
Date of Publication: 28 May 2023
3 – 4 hour read
pdf download:
https://img1.wsimg.com/blobby/go/1ee786fb-3c78-4903-9701-d614892d09d6/taking-june21-web.pdf
I read the book – short and concise. Great read. Take heed and prepare in advance by stocking up on gold and silver. Thanks for posting this.
That is the plan. To break you financially. To burden you under so much debt that you cannot hope to rise back up. The goal is to leverage your property out of your cold clammy hands through the salvation of the Central Banks, CBDC’s and the IMF who are in a position to grant debt forgiveness if you voluntarily hand over the keys to every major asset you own. Trudeau actually told us this was coming. That’s why they are allowing the worlds biggest property bubble to keep bloating like a massive gas bag hanging over the nation. The rug pull comes eventually but it will be too late for most the escape when it happens. You needed to have the insight to see the danger and get out well before the collapse. Debtors will always be slaves. Its the terms of the slavery that are being changed.