The “protected class” is granted “safe harbor” only because their bets are so risky that to let them fail could crash the economy. But why let them bet at all? By Ellen Brown / Original to ScheerPost This is a sequel to a Jan. 15 article titled “Casino Capitalism and the Derivatives Market: Time for Another ‘Lehman Moment’?
Just read your Derivatives Time Bomb article. Definitely mind bending to understand the puzzle that has been created but you are making it clearer, thank you. I may be way off base here, please correct me, but I am trying to expand the picture of what would happen.
If I understand it correctly, anything financed by debt is at risk?
So a house that you’ve paid a mortgage on for 20 years with only 10 years left could be taken by Cede and Co as the collateral for the loan, if the bank or mortgage company that made that loan becomes bankrup, Ames Cede exercises their position as legal owner? Same with a business?
If that is true, the reality would be that 90% (I am guessing) of all homes could be taken from the “beneficial owners” and renters as collateral for such failed institutions, leaving the occupants effectively squaters or homeless?
Business CEOs would have a new Board of Directors, appointed by Cede, even if they were allowed to keep their position?
Just as California enacted anti- eviction laws to protect renters during and past the Pandemic, it would seem likely that something similar would have to be done to keep the system going. Just as courts cannot allow a judgment that would cause chaos, even if legally correct, I think the same would apply here.
Perhaps Cede would allow residents to stay put, but now as perpetual renters, rather than beneficial owners, having no opportunity to ever own the property free and clear? Is that what Klaus Schwab means when he says “ you will own nothing and be happy”?
It seems the government would require the collateral owners to keep the system going, keep the corporations functioning, keep grocers and vendors supplying food, but now almost everything would come under a more centralized control, returning much of mankind to the dark ages of Lords, Feudal Lands, and Serfs working for them, with the Cede and Co “knighted” Board of Directors “directing” everything?
While you cannot exchange gold or silver directly at the grocery store, there would likely be a way to exchange it for whatever currency or CDBC that is then the legal tender?
Things owned outright with no debt could be exchanged for gold or silver by private parties. Since it is mostly seniors who own their homes free of debt, they might have an advantage. But inflation and the high cost of maintenance might quickly evaporate their ability to afford the maintenance.
Whew… my brain is tired! Seems the real solution lies above: see Daniel 2:44.
Hello Ellen, Thanks for your work. I would like to do a collab with you. Currently I write The Weekend Freelancer where I teach about Data Analytics, One of my ongoing series is domain - https://theweekendfreelancer.substack.com/s/domain where I write about domain knowledge from each industry. I would love if you can write a guest post explaining what are the top areas that people should have knowledge about in Banking domain. Feel free to reach out if you would be interested. Thanks
What if confiscating the assets in brokerage accounts is the intended outcome (as I strongly suspect)? Then there's no incentive to "fix" the system. Better to find brokerages without this exposure. No? Outside the US? Or perhaps take delivery (and ownership) of the share certificates. I really don't expect this defect to be fixed as long the big players are so heavily invested not fixing it
Ellen
Just read your Derivatives Time Bomb article. Definitely mind bending to understand the puzzle that has been created but you are making it clearer, thank you. I may be way off base here, please correct me, but I am trying to expand the picture of what would happen.
If I understand it correctly, anything financed by debt is at risk?
So a house that you’ve paid a mortgage on for 20 years with only 10 years left could be taken by Cede and Co as the collateral for the loan, if the bank or mortgage company that made that loan becomes bankrup, Ames Cede exercises their position as legal owner? Same with a business?
If that is true, the reality would be that 90% (I am guessing) of all homes could be taken from the “beneficial owners” and renters as collateral for such failed institutions, leaving the occupants effectively squaters or homeless?
Business CEOs would have a new Board of Directors, appointed by Cede, even if they were allowed to keep their position?
Just as California enacted anti- eviction laws to protect renters during and past the Pandemic, it would seem likely that something similar would have to be done to keep the system going. Just as courts cannot allow a judgment that would cause chaos, even if legally correct, I think the same would apply here.
Perhaps Cede would allow residents to stay put, but now as perpetual renters, rather than beneficial owners, having no opportunity to ever own the property free and clear? Is that what Klaus Schwab means when he says “ you will own nothing and be happy”?
It seems the government would require the collateral owners to keep the system going, keep the corporations functioning, keep grocers and vendors supplying food, but now almost everything would come under a more centralized control, returning much of mankind to the dark ages of Lords, Feudal Lands, and Serfs working for them, with the Cede and Co “knighted” Board of Directors “directing” everything?
While you cannot exchange gold or silver directly at the grocery store, there would likely be a way to exchange it for whatever currency or CDBC that is then the legal tender?
Things owned outright with no debt could be exchanged for gold or silver by private parties. Since it is mostly seniors who own their homes free of debt, they might have an advantage. But inflation and the high cost of maintenance might quickly evaporate their ability to afford the maintenance.
Whew… my brain is tired! Seems the real solution lies above: see Daniel 2:44.
Have a great day
George Cooper
Brown never fails to nail the underlying reason for the threatened collapse of western financial system. THANKS Ellen.
https://rumble.com/v4dhku9-irrefutable-federal-reserve-responce-to-the-european-legal-certainty-group.html addendum to The Great Taking. David Rogers Webb has a longer video and free PDF book explaining it all.
interesting, S. Dakota and maybe Tennessee… wonder if you need to be a resident or just use a brokerage headquartered in the state?
The Moving Contradiction
it's not Malthus after all...
https://tomg2021.substack.com/p/the-moving-contradiction
Hello Ellen, Thanks for your work. I would like to do a collab with you. Currently I write The Weekend Freelancer where I teach about Data Analytics, One of my ongoing series is domain - https://theweekendfreelancer.substack.com/s/domain where I write about domain knowledge from each industry. I would love if you can write a guest post explaining what are the top areas that people should have knowledge about in Banking domain. Feel free to reach out if you would be interested. Thanks
Raghunandan
theweekendfreelancer@gmail.com
Are other non-financial assets at risk?
What if confiscating the assets in brokerage accounts is the intended outcome (as I strongly suspect)? Then there's no incentive to "fix" the system. Better to find brokerages without this exposure. No? Outside the US? Or perhaps take delivery (and ownership) of the share certificates. I really don't expect this defect to be fixed as long the big players are so heavily invested not fixing it