#21 - David Webb - The Great Taking: How Banks Could Legally Seize Your Assets

David Webb, author of "The Great Taking," in conversation with Eddie Hobbs, discusses the alarming vulnerabilities in the global financial system and how your investments could be at risk.

Expect to learn about the legal changes that have quietly transformed property rights in securities, how banks can use pooled client assets as collateral for their own trading, and the explosive growth of the derivatives market. Webb explains the concept of "entitlement holders" versus direct ownership, and how central clearing counterparties concentrate risk in the financial system.

This eye-opening conversation explores the historical roots of these changes, dating back to the 1970s, and the coordinated efforts to implement them globally. Webb shares insights from his testimony before state legislatures and the pushback he's encountered from the banking lobby.

Get in touch:

X (Twitter): https://twitter.com/RealEddieHobbs
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To engage with Eddie on personal or corporate financial matters, send him an email at eddie@eddiehobbs.com. Eddie Hobbs heads up Hobbs Financial Practice Ltd, a private client advisory firm that specialises in strategic positioning of personal wealth. Hobbs Financial Practice Limited is Regulated by the Central Bank of Ireland.

Tags: Digital systems, Sweden, Finland, global wealth, GDP, derivatives market, public collateral, legal changes, pension funds, Central Clearing Counterparties (CCPs), systemic risks, banks, secured creditors, financial crisis, documentary, dematerialization, Uniform Commercial Code (UCC), entitlements, DTCC, Euroclear, Clearstream, legal certainty, banking lobby, civil unrest, public policy, financial control.

Counterpoint searches for wisdom from among dissenters.

Critical thinkers have a latent love for plain speaking in open debates that do not flinch before sacred cows especially true of Irish audiences. Expect Counterpoint interviews to be curious, challenging, and dissenting across global themes, in the common search for authenticity and truth, beyond the footprints of groupthink.

Eddie Hobbs is known for his blockbuster TV series Rip Off Republic which set audience records for Irish TV when his humourous polemic forensically challenged the Irish Government on how the State was 'eating its young'. It was a harbinger of the Irish crash. Since 2020, Hobbs has consistently called out the Irish 4th Estate for deserting the Irish people, for not challenging State policies on COVID. He also called out the Irish President for failing in his duty to use the Constitution to protect the people from vaccine passports.

• No. of episodes: 25
• Latest episode: 2024-10-15
• Society & Culture News Politics

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