The Great Taking Theory

TL:DR The powers at be will bid asset values up, attract funds into the system via easy leverage and promise of riches and then conduct an intentional and aggressive asset devaluation effectively conducting a margin call on anyone with leverage (financial assets, mortgages, property). The skids are greased for this to work because all securities and bank deposits are first and foremost collateral for too big to fail institutions.

This happened during the great depression where folks with deposits and loans at the "wrong" banks saw their deposits wiped out, their loans transferred to another banks, a call on that loan and a confiscation of the collateral as the loan can no longer be serviced (borrower has no money remember?)

First time i heard this theory i thought it was bonkers. Then i read the book and thought it was unlikely.

Now, as we approach rate cuts in the face of global inflation, their desperation increasing, and the fed saying things like "make sure theres enough collateral for the lender of last resort" i am worried.

Bitcoin is our way out, even still if this happens, its gonna be hard living.

#Bitcoin

https://thegreattaking.com/read-online-or-download

https://tftc.io/central-bankers-and-the-anticipation-of-the-next-crisis/

#m=image%2Fjpeg&dim=864x1374&blurhash=%5EBSF*0IU%24%24RjskWBVqayaej%5BRjj%5BX%3DjstSj%5BX9WV%25ij%5BbbfQRkay%251t7jZj%5BRij%5BD%25t7%252fQayay%3Fbt7RjfQM%7BayR4ofxtofoJj%5BxYj%5Baxj%5BRjfQ&x=8bb7fe1981b0e7b440898e4fced44492847b73d9510e0f84f5b5f7177372249c