Loading ...Author of THE GREAT TAKING. If you pass this up you will never be able to see what is about to hit you between the eyes
https://usawatchdog.com/you-will-own-nothing-because-they-will-steal-everything-david-rogers-webb/
By far the most important interview Greg Hunter has ever had. It will wake you up to the entire planned future for humanity.
First Question for all …. for Americans anyhow
“However, if you have an IRA, you can’t use it as collateral for any personal loans. IRS rules do not allow you to pledge any part of your IRA”
So WE can’t use our tax advantaged accounts as collateral for taking out loans.
CAN OUR BROKERAGES pledge the stocks bonds or cash in our IRA accounts to back derivative obligations? (OR, can their bank — the brokerage’s bank — claim those beneficial interests WE have in those IRA accounts to cover THEIR obligations?)
IE, is there SOME degree of financial/legal segregation from Webb’s perspective, between ordinary accounts and IRA accounts? And by extension, are 401k accounts at risk? Has Doug Casey commented on this? He’s covered this topic in depth already. But not on this point.
I haven’t watched yet but if millions of accounts vapourized in America there would be unrest like one has not seen before.
The managed Pension Funds may be holding a lot of worthless paper when the SHTF but stealing the equities in those funds may not go over well.
If the internet goes down, there would be very little accounting of debt payments or paying for monthly utility service.
If everything was grabbed, it would be Mad Max as nothing could be settled.
Perhaps that’s what TPTB are hoping for — an instantaneous “Mad Max” event that wipes out a bunch of the population and leaves the rest in survival mode such that no one has the ability to complain about their wealth having been stolen…….and there is no authority left to hear them if they did …. it’s a thought!
In a Mad max Scenario the cretins get drawn and quartered
They will be hunted down
You are most likely correct, K2. Even in IRA accounts the securities are still held in street name aka Cede & co. As far as them not being able to be pledged as collateral that leads to what is happeneing on a large scale already because of the high inflation and deteriorating economy. Holders are tapping IRA’s and 401Ks even before they reach retirement age, depleting balances and facing tax penalties as well.