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373 sats \ 0 replies \ @blocktock 20 Sep 2023 \ parent \ on: Have You Ever Wondered How BlackRock Rose To Power? đ§ meta
It's worse than you think. No one owning any stock certificate in the world has any rights of ownership - it doesn't matter where you live in the world. It's all going to be wiped-out and used as collateral to line the pockets of those cowards who cannot yet be identified:
- Essentially all securities âownedâ by the public in custodial accounts, pension plans and investment funds are now encumbered as collateral underpinning the derivatives complex, which is so largeâan order of magnitude greater than the entire global economyâthat there is not enough of anything in the world to back it.
- Legal certainty has been established that the collateral can be taken immediately and without judicial review, by entities described in court documents as âthe protected class.â Even sophisticated professional investors, who were assured that their securities are âsegregatedâ, will not be protected.
- Ownership of all securities as property has been replaced with a new legal concept of a "security entitlement", which is a contractual claim assuring a very weak position if the account provider becomes insolvent.
Quoted from this book called the Great Taking that I just shared here on SN