3 Ways To Survive “The Great Taking”
https://www.activistpost.com/2023/10/3-ways-to-survive-the-great-taking.html
Article is a summary of a 130-page PDF book available free here: https://thegreattaking.com/
I've skimmed it and put it aside for later detailed reading. The book seems to describe the problem with the financial system quite well:
...privately held control of all central banks, and hence all money creation, has allowed a very few people to control all political parties and governments; the intelligence agencies and their myriad front organizations; the armed forces and the police; the major corporations and, of course, the media. These very vew people are the prime movers. ...**
Main takeaway: you don't really own your stocks, bonds, etc. If your broker goes bust, the stocks and bonds you think you own will be used to satisfy more senior creditors of your broker.
... All that is needed is a big crisis that will cause a tidal wave of bankruptcies, and the hidden forces behind the world’s central banks will be able to take everyone’s stocks, bonds, and any property financed by debt. All the assets people think they own in brokerage accounts, bank accounts, pensions, and other financial accounts could vanish overnight. ...
... The best you can do is to make yourself a hard target and not be among the low-hanging fruit. You can do that by being debt-free and owning unencumbered assets within your direct control.
Hints from article:
- Don't put gold/silver into a bank's safety deposit box; they can be confiscated, just like your chequing & savings accounts.
- Pay off mortgage ASAP so that there is no competing claims on your house.
- Bitcoin, which has "the potential to separate money from the state and give monetary sovereignty to the individual, rendering central banks obsolete--along with their confetti currencies"
Me personal, I'm still a bit leary of Bitcoin. Anything digital is vulnerable to EMP and hacking...
But still, a very interesting article.
Then you've got a wallet you can't, exchange for value, buy or sell with.