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@ -15820,6 +15820,169 @@ negieren“, so die weitere Ausführung dazu.
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#### <img src="https://avatars.githubusercontent.com/u/12958815?v=4" width="50">[milahu](https://github.com/milahu) commented at [2023-12-18 09:55](https://github.com/milahu/alchi/issues/32#issuecomment-1859972667):
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you will own nothing, 95% of today's people will die, revolution from
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above, organized crime
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<https://www.zerohedge.com/geopolitical/intentional-destruction-first-covid-now-comes-great-taking>
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2023-12-16
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<blockquote>
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## Intentional Destruction: First COVID, Now Comes "The Great Taking"
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[Authored by Matthew Smith via Doug Casey's Take
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substack](https://dougcasey.substack.com/p/intentional-destruction)
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The Great Depression was a well-executed plan to seize assets,
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impoverish the population, and remake society. What comes next is
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worse...
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A recent book by David Webb sheds new light on exactly what happened
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during the Great Depression. In Webb’s view, it was a set up.
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Webb is a successful former investment banker and hedge fund manager
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with experience at the highest levels of the financial system. He
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published [The Great Taking](http://thegreattaking.com/) a few months
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ago, and recently supplemented it with a video documentary. Thorough,
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concise, comprehensible and FREE. Why? Because he wants everyone to
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understand what’s being done.
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The Great Taking describes the roadmap to collapse the system, suppress
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the people, and seize all your assets. And it includes the receipts.
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### You Already Own Nothing
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Webb’s book illustrates, among other things, how changes in the Uniform
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Commercial Code converted asset ownership into a security entitlement.
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The “entitlement” designation made personal property a mere contractual
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claim. The “entitled” person is a “beneficial” owner, but not the legal
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one.
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In the event a financial institution is insolvent, the legal owner is
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the “entity that controls the security with a security interest.” In
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essence, client assets belong to the banks. But it’s much worse than
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that. **This isn’t simply a matter of losing your cash to a bank
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bail-in. The entire financial system has been wired for a controlled
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demolition.**
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Webb describes in detail how the trap was set, and how the Great
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Depression provides precedent. In 1933, FDR declared a “Bank Holiday.”
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By executive order, banks were closed. Later, only those approved by the
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Fed were allowed to reopen.
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Thousands of banks were left to die. People with money in those
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disfavored institutions lost all of it, as well as anything they’d
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financed (houses, cars, businesses) that they now couldn’t pay for.
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Then, a few “chosen” banks consolidated all the assets in the system.
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### Centralization and Systemic Risk
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As Webb shows, the cake has been baked for years. But this week came a
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sign it’s coming out of the oven. Last Monday,
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[Bloomberg](https://www.bloomberg.com/news/articles/2023-12-04/margin-calls-from-clearinghouses-risk-stoking-crises-bis-says)
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admitted that measures taken to ostensibly “protect the system” actually
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amplify risk.
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In the wake of the 2008 financial crisis, G20 'leaders' mandated all
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standardized Over The Counter (OTC) derivatives be cleared through
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central counterparties (CCPs), ostensibly to reduce counter party risk
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and increase market transparency. The best known CCP in the US is the
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Depository Trust and Clearing Corporation (DTCC), which processes
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trillions of dollars of securities transactions each day.
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Before 2012, OTC derivative trades were bi-lateral and counterparty risk
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was managed by parties to a transaction. When doing business directly
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with other firms, each had to make sure it was dealing with reliable
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parties. If they had a bad reputation or were not creditworthy,
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counterparties could consider them toxic and shut them out of trades.
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This, according to the wise G20 leadership, was too risky.
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With the introduction of central clearing mandates, counterparty risk
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was shifted via CCPs away from the firms doing the deal to the system
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itself. Creditworthiness and reputation were replaced with collateral
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and complex models.
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Brokers, banks, asset managers, hedge funds, corporations, insurance
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companies and other so-called "clearing parties" participate in the
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market by first posting collateral in the form of Initial Margin (IM)
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with the CCP. It's through this IM and a separate and much smaller
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Default Fund (DF) held at the CCP that counterparty risk is managed.
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### To ‘Mutualise’ Losses
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Shifting risk from individual parties to the collective is a recipe for
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trouble. But, as explained in a recent [report from the
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BIS](https://www.bis.org/publ/qtrpdf/r_qt2312c.pdf), it's worse than
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that. The structure of CCPs themselves can cause "Margin Spirals" and
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"wrong-way risk" in the event of market turbulence.
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In flight-to-safety episodes, CCPs hike margin requirements. According
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to the BIS,
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> "Sudden and large IM hikes force deleveraging by derivative
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> counterparties and can precipitate fire sales that lead to higher
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> volatility and additional IM hikes in so-called margin spirals."
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We've already gotten a taste of what this can look like. Similar margin
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spirals "occurred in early 2020 (Covid-19) and 2022 (invasion of
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Ukraine), reflecting the risk-sensitive nature of IM models."
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### Government Bonds as a source of trouble
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The second area of systemic risk is the dual use of government bonds as
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both collateral and as underlying assets in derivatives contracts.
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Volatility in the government bond market can lead to a demand for more
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collateral underlying the derivatives markets precisely when government
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bond prices are declining. Falling bond prices erode the value of the
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existing IM. Collateral demands skyrocket just as the value of current
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and would-be collateral is evaporating.
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Again, the BIS:
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> Wrong-way risk dynamics appeared to play a role during the 2010–11
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> Irish sovereign debt crisis. At that time, investors liquidated their
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> positions in Irish government bonds after a CCP raised the haircuts on
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> such bonds when used as collateral. This led to lower prices of Irish
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> government bonds triggering further haircuts, further position
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> closures and ultimately a downward price spiral.
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### Designed to fail
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The BIS doesn’t admit it, but Webb says the CCPs themselves are
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deliberately under-capitalized and designed to fail. The start-up of a
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new CCP is planned and pre-funded. When that happens, it’ll be the
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“secured creditors” who will take control of ALL the underlying
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collateral.
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Once more, the BIS:
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> …to mutualise potential default losses in excess of IM, CCPs also
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> require their members to contribute to a default fund (DF). As a
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> result, CCPs are in command of large pools of liquid assets.
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That “large pool of liquid assets” is the full universe of traded
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securities.
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In a market collapse, the stocks and bonds you think you own will be
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sucked into the default fund (DF) as additional collateral for the
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evaporating value of the derivatives complex. This is “The Great
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Taking”.
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Buffett’s famous line rings true: “You only find out who is swimming
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naked when the tide goes out.” Most of us are on the verge of learning
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that we’re the ones without any clothes.
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If you haven’t read “[The Great Taking](https://thegreattaking.com/)” or
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watched the documentary, I recommend you pour yourself a stiff drink and
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watch it now:
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[The Great Taking -
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Documentary](https://www.youtube.com/watch?v=dk3AVceraTI)
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</blockquote>
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------------------------------------------------------------------------
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\[Export of Github issue for
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@ -21,7 +21,7 @@
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<tr><td><b><a href="md/2022-08-16.36.issue.open.md" title="feedback ist wichtig für bessere qualität auch für feedback gilt das prinzip release early and release often ... also egal wie "trivial", feedback ist immer wertvoll und irgendwo muss man anfa ">feedback beispiel</a></b><br>#36 opened on 2022-08-16 11:38 by milahu 💬 1</td></tr>
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<tr><td><b><a href="md/2022-07-17.34.issue.open.md" title="griechische tragödie tragödie = trag-odos = bocks-gesang (wer ist "der bock"? typ 1?) menschen kämpfen gegen ihre eigene natur menschen kämpfen gegen einen übermächtigen feind (david gegen gol ">tragische helden kämpfen auf verlorenem posten</a></b><br>#34 opened on 2022-07-17 18:05 by milahu</td></tr>
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<tr><td><b><a href="md/2022-07-17.33.issue.open.md" title="würden demos was bringen, dann wären sie verboten (demos sind nur wohlfühlblasen, echokammern, kollektiv-narzissmus) (für mich nur interessant weil überall gibts 1% gute leute) würde passiver w ">würden demos was bringen, dann wären sie verboten</a></b><br>#33 opened on 2022-07-17 17:35 by milahu</td></tr>
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<tr><td><b><a href="md/2022-07-17.32.issue.open.md" title="wer den weltuntergang NICHT sieht, der liest die falschen nachrichten (blaue pillen) welche news lese ich? also, wem glaube ich? iceagefarmer iceagefarmer @ telegram archiv: https://milahu.github. ">news of collapse</a></b><br>#32 opened on 2022-07-17 16:18 by milahu 💬 89</td></tr>
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<tr><td><b><a href="md/2022-07-17.32.issue.open.md" title="wer den weltuntergang NICHT sieht, der liest die falschen nachrichten (blaue pillen) welche news lese ich? also, wem glaube ich? iceagefarmer iceagefarmer @ telegram archiv: https://milahu.github. ">news of collapse</a></b><br>#32 opened on 2022-07-17 16:18 by milahu 💬 90</td></tr>
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<tr><td><b><a href="md/2022-07-17.31.issue.open.md" title="partnertausch ... kann man leicht falsch verstehen als "sexpartner tauschen", aber das mein ich nicht stell dir vor, du hast ne family mit 4 menschen: sohn mutter tochter vater. aus den 4 menschen ">partnertausch in vierer-gruppen</a></b><br>#31 opened on 2022-07-17 14:23 by milahu</td></tr>
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<tr><td><b><a href="md/2022-07-12.30.issue.open.md" title="- M4? M2? ukvali - M4? M2? cr7z - Cr7z - Krankes Biz - M2? chris ares - chris ares - defend europe - Chris Ares – Fremdbestimmt - M1 samy deluxe - Samy Deluxe - Weck ">wer ist wer? bekannte menschen und deren persönlichkeitstyp</a></b><br>#30 opened on 2022-07-12 12:44 by milahu 💬 5</td></tr>
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<tr><td><b><a href="md/2022-07-11.28.issue.open.md" title="meine arbeit ist grundlagenforschung also ich erforsche die grundlagen für beziehungen zwischen menschen das problem ist: für diese grundlagen gibt es keine grundlagen der einzige "grund" den ich ">grundlagenforschung hat keine grundlagen</a></b><br>#28 opened on 2022-07-11 19:46 by milahu 💬 2</td></tr>
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