This is taken from the book 'The Great Taking'. The author states that any security worldwide is no longer truly owned. To illustrate the absurdity of this, he uses the analogy of a car (to be clear he is not saying that this applies to cars but to securities):

"Let’s say that you have purchased an automobile for cash. Having no debt against the vehicle, you believe that you now own it outright. Despite that, the auto dealer has been allowed by a newly invented legal concept to treat your car as his asset, and to use it as collateral to borrow money for his own purposes. Now the auto dealer has become bankrupt, and your vehicle along with all of the others sold by the dealer are seized by certain secured creditors of the dealership, with no judicial review being necessary, as legal certainty was previously established that they have absolute power to take your car in the event of the bankruptcy of the dealer."

Is this true in your country? #asknostr