Will your financial assets be taken?
What if you learned that “all securities, bank deposits, and property financed with debt” will be confiscated?? Would this knowledge change your investing?
Former hedge fund manager David Rogers Webb outlines this assertion of looming asset confiscation in "The Great Taking" (June 2023); available for free download at www.thegreattaking.com .
While realizing above market returns investing during the 1990s and 2000s, Webb noticed a potentially significant divergence between the real and financial economy – the velocity of money fell as the quantity of money grew and the notional value of derivative contracts grew exponentially.
With the onset of the GFC in 2008, the bankruptcy proceedings of a failed Florida based broker dealer put Webb on a journey researching the evolution of financial asset custody protocols and investor property rights.? "The Great Taking" provides public access to this research.
Next post: ?TLDR excerpts from "The Great Taking" Chapter 1, Introduction.