You may not own the paper assets you think you own. From Mark E. Jeftovic at bombthrower.com:
***Important Note: This is an excerpt from The Bitcoin Capitalist – Mid-Month Portfolio Review.
As my current members know, I’ve made the decision to cut off new subscribers ahead of the next bull run (which is now underway).
I won’t be accepting new members to The Bitcoin Capitalist letter.
Scroll to the bottom to find out why…
Here’s the excerpt:
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A new book has exploded on the alternative / conspiracy / fringe landscape over the past few weeks – I don’t mean that in a derogatory sense. Zerohedge, Bombthrower Media, et al, we all occupy this space. Let’s call it, “anti-mainstream”.
The book is called “The Great Taking” and there is now a YouTube video documentary of it here. You can’t actually find it on Amazon (deliberate choice by author, I presume); I bought my copy via Lulu, but you can download the PDF for free here.
At the risk of oversimplifying it: The Great Taking puts forth a warning that a virtually unknown entity called “The Depository Trust & Clearing Corporation” (DTCC) is effectively the “owner” of all the publicly traded companies in the world, and in fact all debt-based assets of any kind:
“It is about the taking of collateral (all of it), the end game of the current globally synchronous debt accumulation super cycle. This scheme is being executed by long-planned, intelligent design, the audacity and scope of which is difficult for the mind to encompass.
Included are all financial assets and bank deposits, all stocks and bonds; and hence, all underlying property of all public corporations, including all inventories, plant and equipment; land, mineral deposits, inventions and intellectual property. Privately owned personal and real property financed with any amount of debt will likewise be taken, as will the assets of privately owned businesses which have been financed with debt.”
Over the course of the book, the author describes a 50-year process by which ownership of shares in public companies, and all debt collateral has been “dematerialized”.
