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EndGame Macro
RT @onechancefreedm: What Glenn and Justin Are Really Pointing Toward
When you peel back the emotion and focus on the mechanics, Glenn and Justin are circling something very real, the same underlying structure David Webb lays out in The Great Taking. And the uncomfortable part is this: Webb isn’t talking about a cinematic asset grab, he’s talking about how the legal and financial plumbing has quietly changed over the past few decades.
What Webb Actually Means by “The Great Taking”
Webb’s core argument is that the modern system rewired ownership. You don’t hold stocks or bonds directly anymore, you hold a security entitlement through several intermediaries: your broker, then a clearing firm, then DTCC. That entitlement is a claim, not outright property. Everything sits in pooled accounts under Cede & Co., and your “ownership” depends on your intermediary staying solvent.
Over time, legal changes like UCC Article 8, global custody standards, derivatives safe harbor expansions created a world where, in a true systemic crisis, secured creditors and clearinghouses get first claim on collateral, and everyone else stands behind them. It’s not a plot in the dramatic sense. It’s how the system is engineered to keep markets from collapsing.
How That Connects to Glenn and Justin’s Warning
Glenn and Justin are putting popular language around a deeper structural issue: in a major financial shock, ordinary investors are not at the top of the food chain, no matter what their brokerage app makes it look like. They’re right that people don’t own their securities in the way most assume. They’re right that the system favors institutional survival over individual claims. And they’re right that the public has almost no awareness of how these rules actually work.
Where Webb adds more detail is on how that hierarchy formed. It wasn’t built overnight. It wasn’t created by one administration. It emerged through decades of incremental legal rewrites and always under the logic of protecting market stability. In other words, the priorities are systemic, not personal.
The Part Worth Highlighting
Rather than thinking in terms that they can take your assets, it’s more accurate and more revealing to understand that the architecture is designed so that collateral flows inward during a crisis. That’s the rulebook. It’s not moral or immoral; it’s structural. And in a real crash, legal priority decides everything.
High net worth investors often bypass this system through segregated custody and private banking. Most people don’t. That’s the tension Glenn and Justin are pointing to and Webb simply maps the circuitry behind it.
The Real Takeaway
The message isn’t panic. It’s awareness. The modern financial system does not treat all ownership equally, and the distinction only shows up when the stress hits. Glenn and Justin are sounding the alarm from the front door; Webb is explaining the wiring behind the walls.
Together, they tell a story worth paying attention to especially as the system becomes more leveraged, more interconnected, and more fragile. @glennbeck @JustinTHaskins
@DavidWebb539285 David’s book and a link to his video can be found at https://t.co/0J7CAzTLtN
tweet
RT @onechancefreedm: What Glenn and Justin Are Really Pointing Toward
When you peel back the emotion and focus on the mechanics, Glenn and Justin are circling something very real, the same underlying structure David Webb lays out in The Great Taking. And the uncomfortable part is this: Webb isn’t talking about a cinematic asset grab, he’s talking about how the legal and financial plumbing has quietly changed over the past few decades.
What Webb Actually Means by “The Great Taking”
Webb’s core argument is that the modern system rewired ownership. You don’t hold stocks or bonds directly anymore, you hold a security entitlement through several intermediaries: your broker, then a clearing firm, then DTCC. That entitlement is a claim, not outright property. Everything sits in pooled accounts under Cede & Co., and your “ownership” depends on your intermediary staying solvent.
Over time, legal changes like UCC Article 8, global custody standards, derivatives safe harbor expansions created a world where, in a true systemic crisis, secured creditors and clearinghouses get first claim on collateral, and everyone else stands behind them. It’s not a plot in the dramatic sense. It’s how the system is engineered to keep markets from collapsing.
How That Connects to Glenn and Justin’s Warning
Glenn and Justin are putting popular language around a deeper structural issue: in a major financial shock, ordinary investors are not at the top of the food chain, no matter what their brokerage app makes it look like. They’re right that people don’t own their securities in the way most assume. They’re right that the system favors institutional survival over individual claims. And they’re right that the public has almost no awareness of how these rules actually work.
Where Webb adds more detail is on how that hierarchy formed. It wasn’t built overnight. It wasn’t created by one administration. It emerged through decades of incremental legal rewrites and always under the logic of protecting market stability. In other words, the priorities are systemic, not personal.
The Part Worth Highlighting
Rather than thinking in terms that they can take your assets, it’s more accurate and more revealing to understand that the architecture is designed so that collateral flows inward during a crisis. That’s the rulebook. It’s not moral or immoral; it’s structural. And in a real crash, legal priority decides everything.
High net worth investors often bypass this system through segregated custody and private banking. Most people don’t. That’s the tension Glenn and Justin are pointing to and Webb simply maps the circuitry behind it.
The Real Takeaway
The message isn’t panic. It’s awareness. The modern financial system does not treat all ownership equally, and the distinction only shows up when the stress hits. Glenn and Justin are sounding the alarm from the front door; Webb is explaining the wiring behind the walls.
Together, they tell a story worth paying attention to especially as the system becomes more leveraged, more interconnected, and more fragile. @glennbeck @JustinTHaskins
@DavidWebb539285 David’s book and a link to his video can be found at https://t.co/0J7CAzTLtN
.@JustinTHaskins gives a TERRIFYING warning about the next big economic crash: “Laws have been written over many decades that have positioned large institutions to TAKE PEOPLE’S PROPERTY potentially when the next big crash occurs. YOU DON’T OWN your own security investments." https://t.co/EkNl8NBm8J tweet
Offshore
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Finding Compounders
Another great piece by Michael Burry
- Finding Value in Fast Food(1998)
Here he analyses Tricon Global- now known as Yum Brands
He goes through analysing Spin Offs- what should we look for? https://t.co/9c30lOmV7f
tweet
Another great piece by Michael Burry
- Finding Value in Fast Food(1998)
Here he analyses Tricon Global- now known as Yum Brands
He goes through analysing Spin Offs- what should we look for? https://t.co/9c30lOmV7f
tweet
Offshore
Photo
Finding Compounders
I just came across this Nick Sleep gem.
Here is an interview Nick Sleep did back in 2013.
Nick Sleep and Qais Zakaria ran Nomad Investment Management which over 12 years compounded at 18%.
Source: @Poplar_St https://t.co/aKEEhPzOFp
tweet
I just came across this Nick Sleep gem.
Here is an interview Nick Sleep did back in 2013.
Nick Sleep and Qais Zakaria ran Nomad Investment Management which over 12 years compounded at 18%.
Source: @Poplar_St https://t.co/aKEEhPzOFp
tweet