The Great Taking - Film Documentarywww.youtube.com/watch?v=dk3AVceraTI
2988 sats \ 11 comments \ @blocktock 30 Nov 2023 bitcoin freebie

Summary

TLDR - David Webb has just released this video, that talks about all his research as well as his journey leading up to the jaw-dropping conclusion he has formed about the fiat end-game, the end that he calls the Great Taking.
He has looked-at the velocity of money, and found that it is below all prior recessions, financial crises and even the Great Depression. We all know that the printing of money has concealed this from us. David's argument is that this eventually will end, and that this will likely come to an end in the coming years. And when it does, 'they' will take all the collateral that underpins the existing financial system.
He discusses a lot of things through the video, it is much like a lecture or an interview. If you do not care for his background and credibility you may wish to skip the first 10 minutes or so, but...
I encourage all Bitcoiners to watch it, to challenge their assumption that central banks will forever print in perpetuity to 'solve' their temporary problems. Especially given that these bankers and countries have been putting in place laws for decades in acknowledgement that this cannot happen forever, and to allow them by law to confiscate property, assets and collateral for their gain, whether or not to bootstrap a new system.
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390 sats \ 0 replies \ @quark 30 Nov 2023
Thanks for the video. Very interesting. There should be a warning: this video could cause depression. All the system is rotten when the money is broken and abused. Good that it ends well and we are all happy. Ok I need to build more greenhouses and stack more.
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390 sats \ 1 reply \ @Zepasta 30 Nov 2023
I will watch it and write a review at the end.
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11 sats \ 0 replies \ @Zepasta 2 Dec 2023 freebie
deleted by author
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590 sats \ 0 replies \ @karanjajes 30 Nov 2023
Thanks for teaching this.I hope Fiat ends for good.
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590 sats \ 3 replies \ @franzap 30 Nov 2023
Very interesting. Someone show this man bitcoin.
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10 sats \ 2 replies \ @blocktock OP 30 Nov 2023 freebie
Something tells me he already has.
If you're looking for assets outside of the system, it's one of a handful of solutions. He moved to Sweden many years ago and sought physical gold, but there's no way someone who has done that level of research is simply on zero.
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449 sats \ 1 reply \ @franzap 1 Dec 2023
Maybe! But there are a lot of gold bugs that still do not understand bitcoin
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460 sats \ 0 replies \ @blocktock OP 1 Dec 2023
Inside the film, the editor (perhaps at his request) included Bitcoin logos and coin representations in the video. Mentioned real hard assets outside of the system. But I agree with your point 😀
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282 sats \ 0 replies \ @OgFOMK 2 Dec 2023
I found this insightful, If you bought a car with cash and it's yours the dealer still can claim that he has this on his books and the books themselves are part of a larger string of ownership. In essence you might have the title but without a hearing the owners of the debt can confiscate that property.
David Webb points out that is not about cars but that anything you "own" may already be in someone else's portfolio that reaches all the way to the top.
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31 sats \ 0 replies \ @blocktock OP 30 Nov 2023
20 minutes in, he talks about the juicy stuff. For those that don't have an hour or more to play with
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10 sats \ 0 replies \ @02df4abd70 1 Dec 2023
David Webb's recent video presents a compelling argument about the fiat end-game, citing the historically low velocity of money obscured by rampant money printing. He forewarns of an imminent reckoning, dubbed the Great Taking, where financial collateral could be seized. Bitcoin enthusiasts are urged to watch and reconsider assumptions about perpetual central bank interventions. Webb's insights shed light on potential systemic shifts worth contemplating.
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