The vast majority of that rehypothecation ends up in the derivatives market and the numbers there, well😬😂. When them contracts become due and can't be settled by the brokerage houses, as I say EVERYTHING will legally be own by the BIS and it's benefactors.
Ima big fan of David Web but haven’t read the great taking yet (I will tho…thnx for reminding me🫡).
I have heard him discuss the great taking on several podcasts and I think his proposed scenario is one of the possible eventualities…the problem with all the speculation of the eventual outcome is it’s like speculating on a game of chess as u play it… the guy on the other side of the table will always have some effect on the endgame.
IMHO if/when the economies of the west collapse there will likely be some form of asset seizure (ie various taxes, regulatory penalties/fines, liens, eminent domain, etc). However, it’s much harder (not impossible) to seize hard assets in self custody and even harder if said asset is extremely portable (ie btc). People like money will flow to where they are treated best (to the extent that they can). The difficulty will always be leaving behind the security of what u and ur family have built but history shows that in dire straights people will do it.
Just my 2 sats…but keep in mind ima idgit and my oldest son kix my ass in chess🤷🏽♂️
👆💯
I also agree that the actual value of the derivative market is prolly incalculable and on the higher side of any of our guesses (most people think linearly and can’t begin to comprehend the value of $1quadrillion…it becomes just a word).
As a hard asset/btc guy I also think that hard assets will eat a large part of the value of that collapsed market…I don’t subscribe to a soft landing but as I’ve said I’m wrong a lot.
