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Some of you may already know about this, I personally just found it.
Since this very much has to do with the markets, trading, banking, and related laws, I urge you to see this documentary and book by David Rogers Webb. Both have the same info.
The book is free to download (or read online) and the video is free to watch on Rumble, the links follow.
I actually DID take the time to watch the entire video (being one of those OCD types that doesn't like speaking from ignorance) ... and no, it has nothing to do with buying gold; instead, it is a very well-produced video that documents its thesis meticulously. Highly recommended. David Webb, the author, displays a comprehensive understanding of financial markets, and I learned a number of new things from the video, esp. re the 'sweeping' of ALL clearing-house collateral into the control of a central (European) repository (think stocks, bonds derivative contracts, margin cash, etc) ... check it out: https://www.fsb.org/work-of-the-fsb/market-and-institutional-resilience/derivatives-markets-and-central-counterparties-2/
Kinda like MFGlobal vaporizing its clients' funds, only really global next time.
You'll own nothing, and be happy (... and that's an order).
You think wrong. I guess the word "documentary" flew right past you.
“Everything is hard before it is easy”
~ Johann Wolfgang von Goethe
SunTrader
Boca Raton, FL
Posts: 260 since Nov 2018
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Thanks Received: 182
Listening to it now on Rumble, which coincidently or not "Buy Gold" ads are on the right hand column.
Grew up in NY and worked in and around Wall Street for years. Now have been a private trader for 25+ years so yes I'm well aware of central clearing, etc which IMO is nothing like MFGlobal.
Anyway wonder what the author thinks about Velocity of M2 bottoming and rising ever since pandemic?
Also he said they (The Fed) are not stopping raising interest rates. They have, at least up to this point in time.
I'm looking at the video now on Rumble, and haven't seen a gold ad yet, so maybe just random coincidence. Webb is certainly not offering gold as a solution in his documentary.
Re my point about central clearing: I think it's a very useful function in modern financial markets. The problem Webb is highlighting is the gradual movement of ALL (collateral) repository function to ONE central location ... in Belgium(also EU/NATO HQ, but probably just another coincidence, huh). Klaus and the gang must approve. To quote Gandalf in the movie, "One Ring to rule them all ... and in the darkness bind them".
My ref to MFGlobal was just a recent example of how all the protections for the assets of the 'little man' can disappear like Houdini when the Bigs make their move. Corzine appears before the Senate and says "I don't know where the accountant put the money", then jets off the Europe for a long sabbatical. Congress and the CFTC and SEC swing into action and do ... nothing. One Billion dollars of 'segregated client funds' vanished overnight. And yeah, after a few years some money is returned, but the point is that They can do things with your accounts and assets that you never expected. Webb just documents the legal and regulatory preps in-progress while we sleep.
Dunno what Webb thinks, but once businesses and individuals returned to a 'normal' routine, financial transactions increased ... so V of M = Up ... makes sense to me.
