From fafd485c27502d3fd18210f3ab990bcacb3d6567 Mon Sep 17 00:00:00 2001 From: GitHub Action Date: Tue, 19 Dec 2023 00:32:17 +0000 Subject: [PATCH] up archive/github/issues/ --- .../issues/md/2022-07-17.32.issue.open.md | 163 ++++++++++++++++++ archive/github/issues/readme.md | 2 +- 2 files changed, 164 insertions(+), 1 deletion(-) diff --git a/archive/github/issues/md/2022-07-17.32.issue.open.md b/archive/github/issues/md/2022-07-17.32.issue.open.md index 3f2829d..35c7d6f 100644 --- a/archive/github/issues/md/2022-07-17.32.issue.open.md +++ b/archive/github/issues/md/2022-07-17.32.issue.open.md @@ -15820,6 +15820,169 @@ negieren“, so die weitere Ausführung dazu. +#### [milahu](https://github.com/milahu) commented at [2023-12-18 09:55](https://github.com/milahu/alchi/issues/32#issuecomment-1859972667): + +you will own nothing, 95% of today's people will die, revolution from +above, organized crime + + + +2023-12-16 + +
+ +## Intentional Destruction: First COVID, Now Comes "The Great Taking" + +[Authored by Matthew Smith via Doug Casey's Take +substack](https://dougcasey.substack.com/p/intentional-destruction) + +The Great Depression was a well-executed plan to seize assets, +impoverish the population, and remake society. What comes next is +worse... +A recent book by David Webb sheds new light on exactly what happened +during the Great Depression. In Webb’s view, it was a set up. + +Webb is a successful former investment banker and hedge fund manager +with experience at the highest levels of the financial system. He +published [The Great Taking](http://thegreattaking.com/) a few months +ago, and recently supplemented it with a video documentary. Thorough, +concise, comprehensible and FREE. Why? Because he wants everyone to +understand what’s being done. + +The Great Taking describes the roadmap to collapse the system, suppress +the people, and seize all your assets. And it includes the receipts. + +### You Already Own Nothing + +Webb’s book illustrates, among other things, how changes in the Uniform +Commercial Code converted asset ownership into a security entitlement. +The “entitlement” designation made personal property a mere contractual +claim. The “entitled” person is a “beneficial” owner, but not the legal +one. + +In the event a financial institution is insolvent, the legal owner is +the “entity that controls the security with a security interest.” In +essence, client assets belong to the banks. But it’s much worse than +that. **This isn’t simply a matter of losing your cash to a bank +bail-in. The entire financial system has been wired for a controlled +demolition.** + +Webb describes in detail how the trap was set, and how the Great +Depression provides precedent. In 1933, FDR declared a “Bank Holiday.” +By executive order, banks were closed. Later, only those approved by the +Fed were allowed to reopen. + +Thousands of banks were left to die. People with money in those +disfavored institutions lost all of it, as well as anything they’d +financed (houses, cars, businesses) that they now couldn’t pay for. +Then, a few “chosen” banks consolidated all the assets in the system. + +### Centralization and Systemic Risk + +As Webb shows, the cake has been baked for years. But this week came a +sign it’s coming out of the oven. Last Monday, +[Bloomberg](https://www.bloomberg.com/news/articles/2023-12-04/margin-calls-from-clearinghouses-risk-stoking-crises-bis-says) +admitted that measures taken to ostensibly “protect the system” actually +amplify risk. + +In the wake of the 2008 financial crisis, G20 'leaders' mandated all +standardized Over The Counter (OTC) derivatives be cleared through +central counterparties (CCPs), ostensibly to reduce counter party risk +and increase market transparency. The best known CCP in the US is the +Depository Trust and Clearing Corporation (DTCC), which processes +trillions of dollars of securities transactions each day. + +Before 2012, OTC derivative trades were bi-lateral and counterparty risk +was managed by parties to a transaction. When doing business directly +with other firms, each had to make sure it was dealing with reliable +parties. If they had a bad reputation or were not creditworthy, +counterparties could consider them toxic and shut them out of trades. +This, according to the wise G20 leadership, was too risky. + +With the introduction of central clearing mandates, counterparty risk +was shifted via CCPs away from the firms doing the deal to the system +itself. Creditworthiness and reputation were replaced with collateral +and complex models. + +Brokers, banks, asset managers, hedge funds, corporations, insurance +companies and other so-called "clearing parties" participate in the +market by first posting collateral in the form of Initial Margin (IM) +with the CCP. It's through this IM and a separate and much smaller +Default Fund (DF) held at the CCP that counterparty risk is managed. + +### To ‘Mutualise’ Losses + +Shifting risk from individual parties to the collective is a recipe for +trouble. But, as explained in a recent [report from the +BIS](https://www.bis.org/publ/qtrpdf/r_qt2312c.pdf), it's worse than +that. The structure of CCPs themselves can cause "Margin Spirals" and +"wrong-way risk" in the event of market turbulence. + +In flight-to-safety episodes, CCPs hike margin requirements. According +to the BIS, + +> "Sudden and large IM hikes force deleveraging by derivative +> counterparties and can precipitate fire sales that lead to higher +> volatility and additional IM hikes in so-called margin spirals." + +We've already gotten a taste of what this can look like. Similar margin +spirals "occurred in early 2020 (Covid-19) and 2022 (invasion of +Ukraine), reflecting the risk-sensitive nature of IM models." + +### Government Bonds as a source of trouble + +The second area of systemic risk is the dual use of government bonds as +both collateral and as underlying assets in derivatives contracts. +Volatility in the government bond market can lead to a demand for more +collateral underlying the derivatives markets precisely when government +bond prices are declining. Falling bond prices erode the value of the +existing IM. Collateral demands skyrocket just as the value of current +and would-be collateral is evaporating. + +Again, the BIS: + +> Wrong-way risk dynamics appeared to play a role during the 2010–11 +> Irish sovereign debt crisis. At that time, investors liquidated their +> positions in Irish government bonds after a CCP raised the haircuts on +> such bonds when used as collateral. This led to lower prices of Irish +> government bonds triggering further haircuts, further position +> closures and ultimately a downward price spiral. + +### Designed to fail + +The BIS doesn’t admit it, but Webb says the CCPs themselves are +deliberately under-capitalized and designed to fail. The start-up of a +new CCP is planned and pre-funded. When that happens, it’ll be the +“secured creditors” who will take control of ALL the underlying +collateral. + +Once more, the BIS: + +> …to mutualise potential default losses in excess of IM, CCPs also +> require their members to contribute to a default fund (DF). As a +> result, CCPs are in command of large pools of liquid assets. + +That “large pool of liquid assets” is the full universe of traded +securities. + +In a market collapse, the stocks and bonds you think you own will be +sucked into the default fund (DF) as additional collateral for the +evaporating value of the derivatives complex. This is “The Great +Taking”. + +Buffett’s famous line rings true: “You only find out who is swimming +naked when the tide goes out.” Most of us are on the verge of learning +that we’re the ones without any clothes. + +If you haven’t read “[The Great Taking](https://thegreattaking.com/)” or +watched the documentary, I recommend you pour yourself a stiff drink and +watch it now: + +[The Great Taking - +Documentary](https://www.youtube.com/watch?v=dk3AVceraTI) + +
+ ------------------------------------------------------------------------ \[Export of Github issue for diff --git a/archive/github/issues/readme.md b/archive/github/issues/readme.md index 4e0f295..73ac0c3 100644 --- a/archive/github/issues/readme.md +++ b/archive/github/issues/readme.md @@ -21,7 +21,7 @@ feedback beispiel
#36 opened on 2022-08-16 11:38 by milahu 💬 1 tragische helden kämpfen auf verlorenem posten
#34 opened on 2022-07-17 18:05 by milahu würden demos was bringen, dann wären sie verboten
#33 opened on 2022-07-17 17:35 by milahu -news of collapse
#32 opened on 2022-07-17 16:18 by milahu 💬 89 +news of collapse
#32 opened on 2022-07-17 16:18 by milahu 💬 90 partnertausch in vierer-gruppen
#31 opened on 2022-07-17 14:23 by milahu wer ist wer? bekannte menschen und deren persönlichkeitstyp
#30 opened on 2022-07-12 12:44 by milahu 💬 5 grundlagenforschung hat keine grundlagen
#28 opened on 2022-07-11 19:46 by milahu 💬 2