Latest / Man in America Podcast / Legal Framework Set to Seize ALL Our Assets: What You Need to Know w/ David Webb

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Legal Framework Set to Seize ALL Our Assets: What You Need to Know w/ David Webb · Man in America Podcast

• 0:00
  Seth Holehouse: Ladies and gentlemen, welcome to Man in America. I'm your host, Seth whole house. So today's interview, feel like might be one of the most important interviews I've ever done. Not because I'm interviewing some super celebrity or some secret whistleblower, but because I'm interviewing a humble man that saw something extremely significant happening with the global banking industry. And he decided to make a documentary and write a book highlighting it.
• 0:32
  And this documentary and book are called the great taking. And what he saw happening was not just corruption. It wasn't just something like, you know, maybe even seeing the coming of a real estate collapse like we saw with Michael Burry and the great, you know, the big short and that, you know, through 02/2007, '2 thousand '8. What he saw happening was so much bigger than that. It's something that I've talked a lot about, but I feel like, you know, when it comes to his documentary, his book that I've barely scratched the surface of it, and that's the great taking.
• 1:03
  It's what he's uncovered is a massive, very calculated decades, if not centuries long plan to take the private assets from every citizen in the world. Now it sounds extreme. It sounds like a conspiracy theory. Well, maybe five years ago, a a depopulation agenda may have sound like a conspiracy theory, but now we see it. And what he does though is he details intricately how the legal basis has been established for this and exposes what's really happening and how this massive plan works into a central bank digital currency, and ultimately, how it works into a global control system.
• 1:50
  Now if you're watching this show, you know, somewhat often or even occasionally, you understand that these are things that I've talked about a lot. This is one of the greatest concerns that I have. And that's why I say that this is one of the most important interviews I've ever done because the scale of what he's talking about is greater than anything we could possibly imagine. We're not talking about someone exposing a communist infiltration of the church system, or someone talking about corruption, or, you know, how they're, you know, you know, killing off a Boeing whistleblower. Those those are important stories, but what we're discussing here is something that literally affects every single one of us.
• 2:30
  Something that he's exposing is the plan and the agenda and the detailed detailed work that has gone into creating a collapse, which then allows through the collapse, it allows a few select global banks to seize our assets, even assets that you own, even if you have a house that you have on a mortgage. Okay. They could take that and make sense. But even if you have a house that doesn't have a mortgage that you paid off the mortgage, they've still laid the groundwork to seize that asset. So it's absolutely significant.
• 3:08
  Now, before I get into the actual interview, I wanna show you some of his documentary. I'm gonna play maybe five to seven minutes and just highlight some of the bigger points that he's made in the documentary because it will help frame our discussion. And it's honestly an absolutely incredible story that he tells in it. And just, you know, the documentary is free. There's gonna be links to it in the description below the show.
• 3:33
  So if you wanna go watch it after this, you can. There's not an email required. It's up on Rumble, YouTube, etcetera. He's also got a book that, you know, the book that he also wrote, The Great Taking. It's also free.
• 3:44
  Let me go ahead and start, though, by playing, again, a small portion of the documentary, which will help set the stage for my discussion with David Webb. He was the man behind this. His name is David Webb. He's brilliant. He's humble.
• 3:57
  He's kind. He's on a mission. So I'll show you this little documentary that we're getting into the interview.
• 4:02
  David Webb: Power behind all of this is the private control of the central banks. And when you look around the world, they are all privately controlled. You are not allowed to know actually who controls the Federal Reserve and how it is controlled. We know that it is controlled somehow by a set of banks. So there is some kind of an ownership structure that extends through the banks that own and control the Fed.
• 4:33
  But something like this is done in all central banks around the world. If you notice, any country that has attempted to have a national bank is literally attacked and destroyed. They're not allowed to exist. So it is linked with the war machine, this private private control of money, the intelligence agencies, the militaries globally would not be able to function as they are if they weren't linked with this money creation power. We now know that when we were kids perhaps, we thought that the money you borrowed from the bank is someone else's savings that they're giving you.
• 5:11
  It's a zero sum game. I think we now know with the scale of the money created during the COVID period that that is not the case. The scale outstrips any real world activity, and it's just created out of thin air. So this is the power that controls everything. They control all political parties, all governments, all the major corporations, the media.
• 5:38
  And this was the case leading into the twentieth century in this period when the velocity of money was collapsing. That is basically a collapse of their control system. The money is a very sophisticated control system because it requires almost no energy input. People are directed by chasing money incentives. But this power through chronic overuse, when it reaches this point where no matter how much money is created, it's not translating into actual economic growth, then it goes into a financial bubble, and then you get the major collapse of the whole system, then they must have a plan to stay in control through that collapse, which will require physical control over people through the reset because the money control system has broken down.
• 6:33
  So this is why you have a period of of terrible instability. So as we were entering the twentieth century, velocity money was collapsing, then the Qing dynasty collapsed. It's a global phenomenon that ended dynastic rule in China. Then in the period 1914 to 1918, the Turk Ottoman Empire collapsed, the Austro Hungarian Empire, the Russian Empire, Germany was destroyed, and the British Empire had passed its zenith and was really collapsing at that point. So it's a global collapse, and the people that control the banking power through that managed to stay in control, and they did it by subjugating populations.
• 7:18
  It's not about taking their money. It's not about taking their stuff, which they don't need. It's about suppression and subjugation. And that's the lesson when you look at this period in the nineteen thirties, and that is what they have planned for this kind of a cycle again, and they've set up for it. So this plan to take all collateral globally and to collapse the system in a kind of controlled demolition where they end up controlling everything, this design was set in motion over fifty years ago.
• 7:55
  It may have had a longer planning horizon than that, but we can see actual concrete steps beginning in the nineteen sixties with the dematerialization. So when this is unfolding, this wave of insolvencies, and it creates an urgency to take the collateral, people will be terrified. They will be panicked. And we know that fear shuts down critical thinking. So people will be in panic mode.
• 8:24
  I've always been interested in what happened in the thirties because of talking about these things with my father who lived through that and what I saw happening in Cleveland when I was a boy. I tried to talk with anyone who had lived through that time. And I asked my aunt, what had happened in the thirties, and she said, well, suddenly no one had any money. And I said, what do you mean? How could that be?
• 8:48
  And she said, well, no one had any money, and even wealthy families didn't have any money. And she knew families in which their daughters had been going to private schools, and they couldn't afford to go back to school. When you really look at what happened there, if you close all the banks, which is what FDR did, he suddenly literally closed all the banks, and then only certain banks were allowed to reopen, which were the ones controlled by the Fed. Well, then suddenly no one had any money. It's not hard to imagine when it's all just shut down suddenly.
• 9:26
  And then you have the problem that there was a drop in price level, drop in activity, and they kept the economic activity very suppressed for years. And I know that from family history through the thirties. My grandfather's engineering business, I know from a family letter, by 1936, which was three years after the banks had reopened, there was still no business. Three years later, they managed to get through this, both sides of my family, because they had no debt. People were more conservative then, but it was very difficult.
• 10:04
  Now the other thing that happened was the Federal Reserve was set up with a kind of inevitable logic that they would have to take the gold from the public, which was, of course, the monetary asset backing everything then. So the gold of the public was confiscated under the complaint that the public was hoarding the gold. But then what did the Fed do with it? The Fed hoarded the gold and did not use it to expand credit. They kept the conditions tight.
• 10:36
  So what do we have this time around? Gold is not the underlying collateral in this system. It's all securities globally. So they will be taken under the argument that, well, we have to save these systemically vital institutions so that we can restart the economy again. How could we restart the economy if they are not protected?
• 11:00
  So that will be the reason given. And it's like a game of monopoly where all of the pieces, all of the money on the board are pulled back to the bank, and then they say, let's start a new game. And we'll start over from the basis that we have everything and you don't. So would you like to borrow something? And this is what the CBDC, the central bank digital currency, will be.
• 11:26
  It will be very difficult for people to refuse to use it because they literally won't be able to eat. They will have an app they can download. This will be the help. This will be the cavalry riding to the rescue. Just download this app, and you can load your phone with some currency to allow you to go buy milk.
• 11:46
  But every time you use that, you're actually borrowing money from them. They
• 12:02
  able
• 11:53
  Seth Holehouse: And And
• 12:03
  David Webb: the
• 11:53
  Seth Holehouse: so
• 12:07
  David Webb: beforehand so that people understand what is happening and so that people can become engaged in this all the way to the top of the system. It
• 12:18
  Seth Holehouse: So you can probably see why I would say this is such an important interview. And I'm glad that he also mentioned there the importance of spreading this. I hope that you could help share, if not this exact interview, the the link to his documentary, his book. And I'll tell you though that the interview does end on a positive note, because there are actual concrete actions being taken to help stop this plan from moving forward. So there is some light at the end of the tunnel, but by that same token, there's also darkness in the tunnel, which we have to face.
• 12:52
  So, folks, I hope you enjoy this interview with David Webb. Folks, have a quick message for you. Look, the twenty twenty four election is do or die for the globalist and communists that have infiltrated our country and are currently running it. And they either have to win or they're going to destroy America so nothing is left either way. And if you're the person that's watching this show and following this information, unfortunately, you have the weight on your shoulders of making sure that your family is prepared, especially as we head in to this next year in this next election cycle because unfortunately, I think it's gonna get rough.
• 13:26
  And one of the ways I know they're going to target us is through our food supply. You can see all the food factories burned down, you can see the warnings of coming famines and food shortages and everything like that. And food is one of the number one ways totalitarian regimes have always used to control the populations destroy the food supply. So if you don't have at least two, three, four, five, six months worth of stored food, I highly recommend you take that very seriously. Because look, as I mentioned, if you're the person that's watching this, you're the person that carries the burden of making sure your family is prepared.
• 13:58
  I would recommend at least six months, if not a year of storable food. So if things go haywire, whether it's grid down or terrorist attack from what's coming across the border, that your family can safely stay in place and you can feed your family. So folks today, go to heavensharvest.com and make sure you get your storable food that'll last for up to twenty five years. Just in case things go south, you know that you have what's gonna take to feed your family, which is so so critical for us to get through this next stage of history. So go to heavensharvest.com today, order your food that lasts up to twenty five years and use promo code Seth to save 15% on your entire order.
• 14:35
  Again, that's heavensharvest.com and use promo code Seth, s e t h, to save 15% on your entire order. David, it is such an honor to have you on the show. I've been waiting for for many months for this, and I have to say it's great to finally have you here. So thank you for making the time for us.
• 14:54
  David Webb: Thank you, Seth. Thank you for having me, and I apologize that it's been difficult to make it happen. But a lot's been going on over the last few months.
• 15:07
  Seth Holehouse: That's certainly true. So you're the the man behind the great taking, which I I gave a little bit of of a preview for that to folks before the show started, which is free to watch. I'll make sure people can have access to that, you know, in the links below. So how about let's just start with a quick background about yourself, and then we can dive into a little more of the the the main points of what the great taking is.
• 15:29
  David Webb: Yeah. Thank you. Well, I guess I'm a finance guy, narrowly expressed. As I explained in the prologue to the book, I probably would have become a physician. That would have been more my inclination, but I ended up going into business really to pursue a need to know what was going wrong in the economy, in the financial system.
• 16:06
  I'd say Ed Griffin, who I've met recently, really started the same way out of this awareness that something is not right here and then just follow that thread. So I ended up going to New York City, getting into investment banking. I worked in mergers acquisitions. I worked in private equity on a big scale. I eventually ended up running hedge funds through the .com bubble and bust, the Asian financial crisis.
• 16:43
  So I have learned about things from the inside by doing things.
• 16:51
  Seth Holehouse: And so with The Great Taking, which I think is honestly, it's it's perhaps the most important documentary I've ever seen just in terms of this scale. And I think when someone understands the true significance of it, it's it's monumental in the the narrative that you pull together. And so with your background, obviously, in in very high level finance and and with the knowledge that you brought in, but also with the knowledge of your own your own story, and your your family living through the Great Depression, and asking your father, and then the notes and information you've received to piece that together. If someone were to come to you and say, hey, David, I've got I've only have a minute or two. What's this great taking about?
• 17:36
  How would you summarize the main points of what you've presented in such a complex, you know, work of really art, the production of what you've created?
• 17:46
  David Webb: Well, it's the simple thing is that property rights to securities have been subverted. So it is no longer a direct property interest as people commonly think of it. It is now a contractual claim to your property, which is actually very weak in the event of insolvency in the financial system. And this is a hugely significant change. So for centuries, securities think stocks and bonds were personal property.
• 18:35
  And that meant that if there was insolvency in the financial system, that was not your problem. You had an immediate right to take back your property. And if it was not returned, that was theft. Now this is no longer the case. So it has major implications for society.
• 19:06
  This is not just an exposure for individuals. It's also all institutions, pension funds, insurance companies, even the biggest, most sophisticated financial players really have not understood this. So they are told that their accounts are segregated and they have taken comfort in that and wanna feel they can tell their clients that they're protected because their accounts are segregated. But that is only in the books and records of the account provider at the lowest level in the system. And we know from a very detailed legal response provided by the Federal Reserve to something called the Legal Certainty Group in Europe that was investigating how to conform the European system to this model beginning in 2000s.
• 20:22
  They were working on this. We know from this response from the Fed, this is not conspiracy theory. It is not conjecture that this is how the system operates and that segregation of accounts does not obviate this structure. All securities are held in these vast pools from which at higher levels in the system that collateral or those stocks and bonds are used as collateral. And taken out of these pools or extended as collateral from these pools without restriction and free of payment.
• 21:17
  And they're being used to underpin the derivatives complex. So the legal changes that allowed this to happen were implemented first and quietly in all 50 states in The United States through a change to something called the Uniform Commercial Code. And this is what the Fed explains and makes clear in their response to the European authorities exactly how this works. So when this change was made in 'ninety four, it's no coincidence that that is the point when the derivatives complex began growing at a horrific rate, really. Derivatives are contracts.
• 22:11
  They are not things themselves. It is a contract written describing the behavior of something else. And that results in a payment being made or received based on the behavior of this other thing. Or it may be for delivery of something physical. This is how derivatives started were commodities contracts where a farmer would sell forward the crops and for delivery at the time that they were ready to harvest.
• 22:45
  So they served the social purpose, these derivative contracts. But beginning in the 90s, there was a tremendous growth in these types of contracts relating to all manner, really anything you can imagine. So by growing from essentially nothing in the early 90s before this change was made by 02/2001, derivative contracts were about twice global GDP, twice the size of the global economy. And that's when I was becoming very concerned about it. By 02/2007, they were 10 times the size of global GDP.
• 23:37
  So from two to 10 times in a fairly short number of years, now it's estimated that perhaps they're 20 times the size of global GDP. So what has enabled that is the use of these fast pools of the public's investment capital as the collateral underpinning this complex. But even then, all securities outstanding are just a fractional backing for all of these derivative contracts outstanding. So when there is a major collapse, there will be a game of musical chairs to get ahold of that, to take that collateral. And it is only the biggest banks that have the priority to take that collateral.
• 24:37
  And they have made legal changes to assure that. And the industry itself is discussing the very real prospect that there will be failures that can bring that about. So we know that a system is in place for all of this collateral to transported essentially on an automated basis in a crisis. As the value of securities fall, there will be escalating calls on an automated basis for more and more collateral. And that is ultimately flowing.
• 25:22
  There's a bank for international settlements document. I show the chart in the book showing that this collateral flows from the collateral givers, which are all manner of institutional custodians, equity trading desks globally through an automated collateral management system and ultimately to the central clearing counterparties, which are the entities where all the derivative contracts are now centrally cleared. And it will be the secured creditors behind and only the biggest banks as secured creditors that are protected to take that collateral. So I know that's been a lot to explain in a few minutes. I apologize if it's difficult to follow, but we can unpack it more if you like.
• 26:19
  Seth Holehouse: No, it's great. And I would say with confidence that the folks that watch my show are probably following along quite well. They're very intelligent, very well researched, and I almost weekly am covering a lot of these topics about central bank digital currency, the banking system. I've had, you know, the the great, you know, G. Edward Griffin on many times.
• 26:41
  And so these are these are topics that I I'm really I think are very important. But let me give my, maybe, my third greater understanding of, you know, what you just said. So in your documentary, you reference the the Great Depression and how, basically, at that time, you know, there's obviously we had bank runs as this is a bigger picture happening. But fundamentally, a lot of the small and medium sized banks were closed down, and and everything was consolidated into the bigger banks. And that was just the banking industry.
• 27:13
  Whereas right now, you mentioned securities. Right? So this is, you know, a mortgage, a four zero one k. Say you've got a million dollars in the stock market. They it's what I how I understand is almost everything that we own that we're not just holding in our hand.
• 27:28
  Right? If I have a a one ounce silver coin, they can't come and take that in a way that this system does, where it's automated and everything. But all of the majority of the assets, even my you know, if I have a savings account with, you know, Bank of America, for instance, that basically, that what they've done is they've slowly and quietly changed the laws so that if there is a a financial collapse, like similar to say what happened in the Great Depression, that what happens, if I understand correctly, is that everything that is that these securities, which is funny, he's such an oxymoron. It's like the least secure. It's not a secure thing.
• 28:06
  It's the least secure.
• 28:07
  David Webb: I say they're they are now insecurities.
• 28:09
  Seth Holehouse: Yes. So that in that event of a financial collapse that basically, these handful of big banks and and and global banks basically sweep the entire monopoly board. They take everything on the board for themselves, and they make the the words of Klaus Schwab of you'll owe nothing. They make that true because all of the assets that we think are secure, even our money in the bank, whatever it is, that all gets taken and legally, they've they've laid the framework for this. So all of those assets basically get seized by a handful of big global banks, and the majority of people around the world, especially those that haven't prepared in in some way, are literally left with almost nothing.
• 28:56
  Is that an accurate, although dystopian way of understanding it?
• 29:00
  David Webb: Well, I call, you know, I've taken now to calling the, this, this the great, well, great depression, that was the great taking one point zero. This is the new and improved, great taking two point zero. And what is different here is the taking of even things that we have not borrowed against. That's the subterfuge, that's the big change. It has been a recurrence cycle that the banks create money and then in a downturn, they can actually orchestrate a downturn in which businesses and individuals that have borrowed lose their assets that they had borrowed against.
• 29:51
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• 30:21
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• 30:47
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• 31:19
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• 31:26
  David Webb: So this is a centuries old process. And that's what was done in a big way in the Great Depression. What is different now is the ability to take securities, stocks and bonds as the because someone else, other entities are using that as collateral. So it's not that you have borrowed against them. It's done without the knowledge of the public.
• 31:57
  So this is the new and improved feature this time around. I think the taking of property that would happen the old fashioned way, which is that you have debt that you can't afford to service now because you're in a financial crisis and price levels have fallen. And that's exactly what happened in the depression. But real property that one owns free and clear should be relatively safe. It's just that we're so as I say to people, get real, eliminate deaths, hold real things.
• 32:44
  But the overall objective is to create deprivation and it's really a global hybrid war that we're in. So the people behind this do not want you to have a parallel system, a way to function. Otherwise, when we look at what was done in the Great Depression, G. Edward Griffin talks about this in Creature from Jekyll Island, which I had actually not read before writing the book. I knew about this from my father who had gone through this and read a lot about it.
• 33:34
  But now I've read Creature from Jack Lyle and I think it is absolutely monumental, hugely important work and all the references that Ed Griffin has in there. Jekyll Island, know, our lives have kind of gone in parallel. My father actually took me to Jekyll Island as a boy. So he was that interested in it. This was in the 1960s.
• 34:07
  So, and it is a huge event in world history. The creation of the Federal Reserve, that's where the moorings were slipped. But as Ed Griffin explains, the main objective of the cartel that came up with this scheme was to, their main concern was that the banking system in The US was operating without them. That the growth in banking was in banks that they did not control. And that industry in The US and actually globally was operating so well that the industry did not need their credit.
• 34:57
  So they couldn't get control of the industry and they couldn't get control of these other banks. So to understand this, their scheme, they created a financial crisis. JPMorgan was essentially a front man for the European banks. They created a financial crisis in 02/2007 to create the justification for reform of the banking system. And then they put that in place on essentially Christmas Eve, the day before Christmas Eve in 1913.
• 35:36
  Then the war begins eight months later. So these central banks are always born in warfare. Their tremendous power is escalated through the creation of debt based money to finance the war. That's exactly what happened. So if you imagine if the debt had been produced by the treasury directly, then the public would have owed that money essentially to itself.
• 36:09
  And the interest payments would have been going essentially within the society. But by inserting this privately controlled central bank, now there's essentially all the resources of the economy are going to this cartel. And that's how the banking power ends up controlling the government, not the other way around, all political parties, all the media. So the war came off right on schedule. Essentially, Bank of England was started the same way.
• 36:45
  The Federal Reserve is modeled on the Bank of England. So they created a boom through the 20s and then they created the bust by fomenting the banking crisis and then keeping conditions tight through the great depression. Now, why would they do that? Well, it worked very nicely for them. They literally put out of business, all their competitors, 9,000 banks were forced to close.
• 37:24
  And then the public lost all of their cash deposits. And this is something that will happen again, but their debts are not expunged. Their debts are consolidated into the banks that are slated to carry on. So in this case, it was only the Federal Reserve banks that were allowed to reopen and banks elected by the Fed to consolidate the debts. Then for good measure, all of the gold held by the public, which was broadly held, was confiscated.
• 38:02
  And it was done under the rationale that the Fed needed the gold in order to expand credit. But then the Fed did not expand credit. They kept conditions tight. So what was the reason? It's so that the public had no parallel system.
• 38:19
  The public could have resorted to using gold as a means of exchange. So they had to take it. And the reason for going through this is to explain it's really about eliminating any type of possible resistance or parallel system. So having real things gives maybe allows us to not be the first to fall, so to speak. But we're in a war when this is happening.
• 38:54
  And ultimately that has to that has to be stopped. There's there's no way there's no way to hide from this because it's global.
• 39:06
  Seth Holehouse: There was a documentary that was recently being shared quite often called I think it was All Wars Are Bankers Wars. And it was it was going into this exact so the thing, basically, if if you look, you know, behind the scenes of who was financing the wars, but also what came out of the wars, it became very evident that it was actually this this long term multigenerational plan being carried out to consolidate power. And the whereas, you know, and we actually had we're talking to Gerard Griffin about this about how, you know, first, it's it's, you know, gain the money power. Whereas right now, money is power in the current world where there's private ownership and look at, you know, Elon Musk. If he wants to buy a social media company, he can.
• 39:53
  He's not beholden to follow the the censorship requirements of Google, for instance, or the government even. He's, you know, gone against that. So right now, we do have this private ownership. Let's just say that right now, I won the lottery and I won, you know, a hundred million dollars. I could take a hundred million dollars and donate it to a political campaign.
• 40:11
  I could take it, and I could buy a media company, whatever that gives me power. So there's money in that power. So they've been working to consolidate a lot of that money, but then what as mister Griffin has talked about, but then once they've consolidated enough, then the the the the switch happens where they then deplete everyone's assets, and they no longer rely on money for power because then they just resort to physical control, which you talk about central bank digital currency. These are the mechanisms that will allow them to have physical control over what we eat, what we purchase, where we can travel to, and that because then it doesn't really matter anymore. We wanna say eliminate that private ownership.
• 40:53
  And so looking at this from the big the bigger picture, you talked about how the the founding of the Federal Reserve and how a lot of these same banks and and characters were then behind the Great Depression, right, as a way of then advancing that agenda and gaining more control, eliminating the private competition of all these thousands of banks, etcetera. And then they come out with more power and more control on the other side of that. So right now, if you look at the timeline of, you know, the financial crisis of say, 02/2008, the the changes that that allowed to be put into place, you look at what they're doing with the money printing, with the just, you know, trillions and trillions of dollars of money creation with no concern about when when the music stops. Right? So if you if you combine all of these different things that are happening now with the foundation that they've legally laid to seize everything once this collapse happens, do you think that they know and that we are heading into that scenario of some sort of massive collapse?
• 42:04
  You know, I think you you talk about a collapse of the of this financial system. It seems like it's not like a great depression or a housing collapse, but the system itself collapsing. Do you think that we're heading into that?
• 42:19
  David Webb: Yes. Absolutely. I mean, this is unlike we've grown accustomed to having crises that have been used. As they say, don't let a good crisis go to waste. And they've been used to put in place certain measures.
• 42:40
  For example, the key thing, there were a number of key things that happened in the February that that was used for. But the most significant thing is that all derivative instruments are now centrally cleared. And that was done based on the argument that it was too risky to have counterparties. So we have to have the central counterparty behind everything. And what that does is to create a monolithic risk And these things are really designed to collapse.
• 43:23
  There is very little of any kind of backing capital behind these entities. And people working in these entities and related entities are talking about the very real prospect that they can fail and that it would just require the failure of one major member, one or two major members. But even their own stress testing analysis is based on that being a discrete event, meaning the failure of that entity assuming no contagion effects of the failure of a major member, which is absolutely not what happens in a financial crisis. There will be huge contagion effects throughout the entire system. So they know that this is a deliberate design for the failure of these things.
• 44:28
  And what has been done here is to very deliberately over decades put this in place globally so that, property, which would property rights, which would have allowed people public would have been bulletproof in that scenario. Could have just said, well, here's where you deliver my property when you fail. So they severed what was property. They turned that into a contractual claim, which makes you an unsecured creditor to your own assets. But then at the other end, what are derivatives?
• 45:11
  They are contracts. They are constructs that never would have had direct property rights that would have been unsecured in the event of insolvency. And through this very deliberate construct, they've given only the biggest banks super priority to these pools. And now that will only come into play in basically the end stage collapse. That's when that will come into play when these central clearing counterparties fail.
• 45:54
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• 46:08
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• 46:31
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• 47:01
  David Webb: So it won't be the lead up to this may be smaller entities that are failing leading up to that. But it it is it is deliberately planned and implemented. One can see that there's an intelligent design behind it. It's irrefutable that this is the case. So it was not done for no reason.
• 47:34
  And we're leading up to the reason. But as I say, it's intelligent, but that doesn't mean it's not insane. Think people, even the people that are abetting this are not fully conscious, of course, of what is coming. And that's where our hope is, is to by making this apparent to people, we can all face up to this. Even the people in the control group behind this have inherited this situation.
• 48:21
  And, they need to realize this is not gonna be a good thing for anyone. It's a kind of insane logic that has been pursued to this point.
• 48:35
  Seth Holehouse: So this collapse scenario, how because it's hard for me to even compare these things. I know that you've put a lot of time into studying what things were like during the Great Depression. What happened to people? Like, what were the the wealthy families? What were their lives like amidst that?
• 48:55
  What were the what the poor families like? So you've understood that. But that was just a as far as I understand, it was it was pretty contained to America. It wasn't a global contagion in terms of
• 49:08
  David Webb: Well, I'd say it was. I'd say it was. I know that from, I'm in Sweden now, and it's really an epic story. There was this guy, Ivor Kruger, who they called the match king. He built a major global industrial empire based on monopolies for matches, selling matches in different countries, but was involved in many, many, many industries and was a brilliant man.
• 49:50
  And he died mysteriously. He supposedly committed suicide, but the gun was in the wrong hand. He was not left handed. His finger on his left hand had been broken, so he couldn't have used that finger to pull the trigger. So he was murdered.
• 50:13
  And this was right in during during the depression. And all of his of his industrial empire was consolidated in Sweden by a very powerful family, the Volenberry family that controls one of the biggest banks here. And so the banking interests took over this industrial empire and the same thing. So this was happening in Europe, in The US. When I started studying this during the .com bubble, I thought we were entering into a process like this.
• 50:57
  And I went down to the Cleveland Public Library and went through all the commodities chart books and stock charts. And you see that probably 80% of all public companies ceased to exist. They all went bankrupt. All commodities bottomed at a hard price low of the prior sixty years.
• 51:29
  Seth Holehouse: So
• 51:31
  David Webb: basically industrial control is wiped out and consolidated into the control by the banking power. They were willing to do that deliberately to consolidate their power. And as I mentioned, they were concerned that industry was operating without them. And from that point, they made all industry dependent on their debt based money creation. It worked quite well.
• 52:06
  Seth Holehouse: And so looking at where what what what things were like then, the Great Depression era, this collapse scenario, what does it look like? Is it how significant is it? How much would it change the way of life for the average American? What would that scenario look like? Like, think a lot of people, they they think of, you know, they they think, okay, two thousand eight crisis.
• 52:30
  There's layoffs at the big banks, and a lot of people they might lose their house, they can no longer afford their their expensive mortgages. And but most people living today haven't lived through something like the Great Depression. And I think especially in America, we tend to have this confirmation bias that the normalcy bias, right, that, well, things are always gonna be good now because we're in the modern America, and we're we're pretty bulletproof. Those were the old days, but it's not gonna happen again. But what would you say it would look like?
• 52:59
  David Webb: Well, think that people have to understand this is the culmination of a process and plan that results in a global totalitarian system. So central banks are not capitalists. They have funded every totalitarian regime. They've been on on all sides of every war. They their power grows through warfare.
• 53:42
  And I've gone into things like, I found here my grandfather's copy of Road to Serfdom, which was written by Friedrich Hayek. It was printed in 1944, the copy I have. So he was writing toward the end of World War II. And he was pointing out that even he was saying we will win this war, but that the people controlling Britain are the same people, essentially the same people philosophically as the National Socialists, the Nazis. So what does he mean by that?
• 54:25
  The Fabians were getting underway in the early 1900s or maybe latter nineteenth century. And are basically they're totalitarians. They they are so they their their symbol is the wolf in sheep's clothing. It is then the the name Fabian is taken from the name of the Fabius, the general who defeated Hannibal. And the idea is an incrementalism, no direct confrontation.
• 55:14
  But their philosophy is that when the moment comes, they must strike with everything or the moment will be lost. And that's where we are now. But the thing to understand about the Fabians is the London School of Economics, which seems pretty mainstream, that they are Fabians. People like Gordon Brown, who was chancellor of the exchequer through the financial crisis, Tony Blair, they are Fabians. And to give a flavor for that, Bertrand Russell, who was a Fabian, he wrote a book in 1953 about the future of humanity and the impact of science.
• 56:06
  And they have this idea that because of science, the world will have to be totalitarian. There's no real rationale beyond that. And what he is arguing in this book is that if we are not to have a global war, we need to have totalitarian government, but we will need something equally as threatening as war. And it will probably have to kill a lot of people. And he talks specifically about maybe it could be a disease that kills a lot of people.
• 56:51
  This is 1953 when he's writing this. And he also says that in order to have a one world totalitarian government, we can allow a free society anywhere because that free society would then outcompete the totalitarian system. Both because it would be more efficient, but because people would be fighting for their freedom in that system. So the objective is comprehensive totalitarian control. And this philosophy has been at work for a long time.
• 57:41
  And I think this book is having a big impact because it shows that this isn't conspiracy theory. You can see these documents are all primary source documents. We can see in their own documents that this is real. So what will it be like? We will have no individual freedom.
• 58:17
  And going hand in hand with this, there is for whatever reason, a pension to reduce the population. And this has been present in their planning documents for decades. So again, it is something that is not, there isn't a logical reason for it, but they believe it's necessary to do that. And we see that they one of the things that is present in these documents from that period of time, mid century, is the idea that, well, if we're not going to have war, maybe we have to create a global pollution problem. Some kind of a global issue that will create an imperative to reduce the population.
• 59:12
  And we we can see that this this is really what's happening.
• 59:21
  Seth Holehouse: In terms of timeline, I know that no one can has a crystal ball. But this you know, you mentioned this, you know, this is end collapse stage of when it finally reaches a point when these these, you know, large few banks, you know, seizing all these assets. But, you know, how it leads up to that through a series of collapses. And we saw last year with, you know, SVB and and different, you know, banks initially collapsing with some bank runs happening, but it was it was calmed down. In terms of the overall timeline of this, is this something that you think would happen within could it be as soon as the next couple of years, or are we talking another couple of decades?
• 1:00:01
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• 1:01:27
  David Webb: Well, I think I think, it's happening. I think we're we're we're in it now. What so, again, the last financial crisis was used to create an imperative for a bank resolution authority in Europe, which was getting underway in 2014. They're planning documents by this bank resolution authority. And we can see in their documents that in the 2022 document, they were saying that by the end of that year, all the biggest banks would have to have the procedures in place to wind down their derivatives books, just the biggest banks.
• 1:02:27
  And so we passed that point. And now then in their 2023 planning document, they were saying all of their plans for the solvent, they call it solvent wind down of the banks would be operational by the end of twenty twenty three. So we've passed that point, these things are in place. Now, what they mean by solve and wind down, they acknowledge this in the document is that it's not possible for all banks to be wound down solvently. So it will only be certain portions of the biggest banks that are prepared first essentially to front run the system.
• 1:03:14
  So that is in place. The other big point is that after interest rates were held at zero for over a decade, this very sharp escalation from zero to over 5%, that has produced a scale of insolvency that is beyond comprehension really in the world. Now it is being papered over right now. So the example I give in the book, in the documentary, it's very simple. If you have a bond that there's something called a perpetuity, which just makes the math simple.
• 1:04:15
  It has no maturity date, percent or let's say it's paying $5 And if market rates are 5%, it means the bond is worth $100 5 percent of the 100. But if interest rates are then dropped to 1%, five is now 1% of $500 So think of what happens if you drop interest rates from 5% to zero. The scale of artificial wealth creation, it's a mirage. It is hundreds, many fold increase in the valuation of things. So this is what happened from 02/2008 until fairly recently.
• 1:05:10
  Now, if you take that bond if you take interest rates back from 1% to 5%, you just do a round trip on that. The bond goes back to being worth 100. So you have an 80% decline in value. So all securities would be impacted by that, not just bonds, but essentially equities are theoretically valued based on discounting back future cash flow streams, but also all real estate is impacted in the same way. And that's when they talk about this impending real estate collapse, they talk about the vacancies due to people changing where they're working.
• 1:05:59
  The much bigger impact is that all these things are massively underwater in terms of their valuation versus the debt. So this cake is baked now with this move up in interest rates. I have to say it is totally bizarre that it is being propped up in this way and that the stock markets are at these very lofty levels. There's no rational basis for it. It's just pure money creation that is holding these things up.
• 1:06:45
  And that support can be withdrawn at any time.
• 1:06:52
  Seth Holehouse: So basically, they're in a position where as soon as they want to, they can pull the rug and the whole thing just comes down.
• 1:07:02
  David Webb: Yes, yes.
• 1:07:04
  Seth Holehouse: And so for people that are watching this, one thing that I I try to always remind people is that knowledge is power. Information's power. And sharing this with as many people as possible is important, especially the the documentary or your book, which I you know, you've you've given for free graciously to anybody who wants to find it. They're all over, and I'll put the links below. So that's one thing because eventually, you know, it gets to the right people.
• 1:07:30
  I know that even, you know, president Trump came out, you know, somewhat recently with a message saying there will never be central bank digital currency, you know, with a very strong position against that. I know that actually a lot of that you know, one of my good friends is also has the ear of president Trump and has educated him a lot on these things. And so that is just from an average person that has the right connections. It's trying to bring these things to those levels, which is important. But for people that are worried, you know, I'm not expecting financial advice.
• 1:07:59
  I know you're not here for that. But for people like me who are thinking, okay, what about that savings account? What about, you know, whether I had money in the stock market or there's money sitting in a four zero one k? What what should people do? Or what do you think is is safe?
• 1:08:16
  Because to me, how I look at it is that there's this giant boat that we're all on, which is this current financial system that we've all tethered ourselves to that has some freedom to it, but we're we're not in control of it. And there's another boat that's being built full of prison cells. And I think that the idea of the elites is to sink this boat. Everyone freaks out. There's only one other boat left, CBDC, where we go climb on that ship, and they give you your own prison cell.
• 1:08:43
  And now they control everybody that was on the previous boat. Whereas what I'm looking at is what are the life rafts? What are the ways that we can maybe not have infinite freedom, but at least be not the first people to get sucked into the system and hopefully form some level of resistance? What are your recommendations for people?
• 1:09:01
  David Webb: Yeah. Well, start off by saying that if you can get out of debt, if you have things that you can sell to pay off your mortgage, you should really think about doing that. But I also want to say to people, are many people that won't be able to get out of debt. And they have a lot of company. So it has been done to society.
• 1:09:35
  It is such a broad condition that I wanna say to people, don't do something that will destroy your happiness and the happiness of your family and your marriage. The most important thing is to have a sense of well-being through this time. But if there are things that you can do to help you to feel more secure, eliminating debt is a good one. So for example, I've had money in IRAs. I've taken, now I'm old, so I can take money out of the IRA, but I've taken money out of IRAs just to have it not in that structure.
• 1:10:30
  And so it's not crazy to do that and pay off debts if you can do it. Then thinking about your, so I say get real, have land that you own free and clear. Think about having the capacity to produce your own food to some extent. Have a big garden, a small orchard, have a greenhouse, learn about doing these things, making compost. We can see that the food supply is being degraded and that the cost of food is being driven up, I believe artificially.
• 1:11:19
  So if you can produce food, this is part of a real economy doing something and being in an area where other people are doing that as well. These are all very positive things one can do.
• 1:11:42
  Seth Holehouse: That's really helpful. And that's been a big kind of approach that I've taken with my own life. You know, we were, you know, now we're out in the country on seven acres. We recently bought a house. I've gotta get that mortgage taken care of.
• 1:11:53
  Unfortunately, we're gonna deal with that. But, you know, gardening, we're gonna be, you know, building a chicken coop again soon, setting up gardens and fruit orchards. And but also, I've I've just I've tried to stockpile a lot of things, whether it's food or, you know, ways of defending ourselves, you know, from tyranny to to put it, you know, kind of PG. Even, you know, for me, I've also thought, you know, precious metals as a safe haven for some store of wealth outside of of that. I don't have a lot of confidence in, say, holding a a box of hundred dollar bills stuff somewhere.
• 1:12:27
  I'm not sure what that could do in the future. But and what I got what are your thoughts on precious metals? Is that, you know, know that that under FDR, they were confiscated, but it seems like that now the scale of what they're doing now is so much bigger than that. Like, if they can take all these securities, they're gonna come door to door looking for your, you know, eight ounces of gold or whatever. So I think that there's some changes in that, but what are your thoughts on that?
• 1:12:53
  David Webb: Well, I think it helps you to not be the first to fall, so to speak, have. And I would say that the Federal Reserve was set up under the Federal Reserve Act with a construct that would give them the rationale to confiscate the gold because they issued money based on the gold backing they had. We can see now that the collateral backing is all securities. So essentially control of all public companies certainly. If you control those securities, you control all of the assets behind those entities as well.
• 1:13:40
  So that is the backing. Precious metals are not used in that way now. But I think my message is they will eventually get around to that. So ultimately it will be a matter of enough people waking up to stop this at some point. It's a question of how far it will run before it's stopped.
• 1:14:17
  Seth Holehouse: And that's that's a really good, I guess, final point to make in this is that ultimately, there's billions of us and a very small number of these people. And what I fall back on and and understand the scenarios that fundamentally, God gave us free will. We have a soul. And and I think the people that we're up against at the very high levels, maybe don't believe in God, or maybe are worshiping something else for all we know. And I think they've underestimated that we do have free will, and that if enough of us can come together and oppose what they're doing and form our own communities and parallel economies and get out of their systems, That's, you know, my goal is is kinda like if you say, okay, what's what is it?
• 1:14:57
  It's like, well, I wanna become really hard to kill. I wanna become really, really difficult for them to get rid of. So if they cause famine or collapsing, whatever it is, and you're like, yeah, you know, that one Seth guy, he's still going there. He's still eating his his chicken eggs, and he's gardening, and he's got his his, you know, freeze dryer. He's working and, you know, because then I can be someone that can help other people, and that's that's it.
• 1:15:18
  It's like the it's, you know, look, it's go back Star Wars, and it's it's the rebels, the resistance that they've figured out ways of hiding and and getting by and and slowly building a force that can oppose this. And I guess that's that's, you know, that's what I am. I'm just some other guy that sees it coming and I'm gonna rebel in all the ways possible, become very difficult to snuff out.
• 1:15:39
  David Webb: Yes. Well, I believe we are heading toward a profound, very positive reversal point because their power is based entirely on lies and deception. And once there is sufficient awareness, the spell is broken because once lies really become fully apparent, they have nowhere to run. They have nowhere to hide from what they have done. So it's a matter of getting to that point where there are enough people, there's a collective awareness of this.
• 1:16:35
  And the reversal point for the people that have been behind the lies and the deception can come very quickly. And they themselves will fold. I believe that's what will happen. Totalitarianism never works. It's a horrible, horrible thing.
• 1:17:08
  It's not you know, it begins with with, social promises of socialism that it's benevolent. And it looks benevolent to begin with, but then it flips into being malevolent. And it never works because four things to function, you need personal autonomy, constant reorganization to, if we're going to meet unmet human needs, it needs, they must have that kind of fluid reorganization to handle those things. And a centrally planned totalitarian system doesn't allow that because it's not about meeting human needs.
• 1:18:00
  Seth Holehouse: It's it's the opposite. There's one one thing I wanna read really quickly as as we wrap up here. And you mentioned the power of just people awakening and how their their strength comes from lies and deception. There's a book called Behold a Pale Horse by a guy named William Cooper that I was very, very monumental in me breaking out of those lies. But he started the book with this little I'm not sure if you call it a poem, but I found it, you know, quickly here.
• 1:18:26
  And it says, one basic truth can be used as a foundation for a mountain of lies. And if we dig down deep enough in the mountain of lies and bring out that truth to set it on top of the mountain of lies, the entire mountain of lies will crumble under the weight of that one truth. And there is nothing more devastating to a structure of lies than the revelation of the truth upon which the structure of lies was built. Because the shock waves of the revelation of the truth reverberate and continue to reverberate throughout the earth for generations to follow, awakening even those people who had no desire to be awakened to the truth. And I I just I've always found that to be such a powerful, you know, little not really a poem, but it's a little a parallel piece of literature in helping us understand the power that we have in truth.
• 1:19:23
  And that when enough people see the truth, the entire mountain of lives collapses. It doesn't just collapse at that moment, but it reverberates for generations to come. I think that that is it. I think in in, you know, hundreds and hundreds of years, people will look back, and they'll still see the lessons of what we learned when the world became covered up by lies and what that created. But then what happened when those lies were broken.
• 1:19:46
  And hopefully, the story of that truth will will carry for generations, and it will not be allowed to happen again.
• 1:19:55
  David Webb: There's just, I think it was yesterday, I became aware of this quote of St. Augustine. And it was gentleman named Eddie Hobbs, who is working in Ireland to stop the advancement of the WHO treaty, began a little piece he did with this. The truth is like a lion. You don't have to defend it.
• 1:20:28
  Let it loose, it will defend itself.
• 1:20:34
  Seth Holehouse: That's really good. Found that to pull up here. Yeah. The truth I think
• 1:20:44
  David Webb: we are reaching that point where just by exposing things, it can't be hidden. And I mean, this is another whole topic. I know we're out of time, but that's what has happened in these states. This is what happened in Tennessee, in the state legislature and exposing this. It can't be refuted, and it's not going away.
• 1:21:09
  And it is now the lion that is out there.
• 1:21:16
  Seth Holehouse: So we should all feel encouraged by this. And so
• 1:21:20
  David Webb: I I think so. I I know maybe you'll maybe you'll edit this down. But what what happened in Tennessee
• 1:21:28
  Seth Holehouse: Oh, look, please do. We're we don't have please take time to explain it to us because there's no time that I really wanna hear.
• 1:21:34
  David Webb: This is very important. What happened there is, well, first of all, I did not initiate this. This was initiated by other people in The US that became activated to change the uniform commercial code and then contacted me. And it was like a miracle to me that there was this group of people working on this. It is down in Texas, it's something called the pro family legislative network and wall builders.
• 1:22:11
  And then people from the Heartland Institute in Chicago, and then this heroic couple in North Dakota, Betty and Don Grandy. And they're in a coalition working with legislators across the country, but have been working now with key changes in the Uniform Commercial Code. So they began that process. They contacted me. I went over to meet with them and legislators in South Dakota, which was the first state to bring the bill, this heroic woman, Rep.
• 1:22:55
  Julie, out in South Dakota. And the only way they stopped the bill there was through the tactics to subvert it, to keep it from being heard. So the banking lobby lied in the committee hearing and then no opportunity was provided to rebut those lies. So this is the essence of the lie. In the Uniform Commercial Code, Article eight, somewhere in the 500 secondtion, it says that entitlement holders have priority over the claims of secured creditors of the intermediaries.
• 1:23:55
  So the entitlement holders have priority over the creditors of the intermediaries. And this is what was used at the time that the amendments were being made in 1994, people were assured in the accompanying statement that it was about providing priority to the entitlement holders. But then they never went on to disclose the exceptions to that. And the banking lobby did the same thing. They read this statement, they did not go on to read the exception.
• 1:24:34
  And the exception is something you could drive a lot of ocean liners through. The exception is that if the creditor of the intermediary has control over the security, the creditor always has priority. Now, is control? It's a concept in bankruptcy. They talk about have you perfected control over the asset.
• 1:25:06
  And control just means that that creditor has the power to sell it, has the power to act on it. And in an indirect holding system that we have now, they always have control. When we had stock certificates, it was clear who had control. If you had the certificate, you had it. If you turned it over to your broker, your broker had control and could pass it on.
• 1:25:30
  So with this indirect holding system, it is always possible for some entity within the securities complex to have the legal ownership and control of the security. So they have assured that. The second exception is that if the creditor is a creditor of a clearing entity, that creditor always has priority. Now go back to what I explained about the derivatives, the central clearing counterparties. What are they?
• 1:26:04
  They're clearing entities. So predators behind that are counterparties on derivative contracts with those central clearing counterparties, they have a security interest in that collateral under those contracts. But only the biggest banks have this super priority as the creditors to take the collateral and the derivatives complex. So the banking lobby can't speak to any of that. So they lied about it.
• 1:26:41
  They just read the first statement and then they prevented any hearing of the matter. Then there were enough legislators that they voted in a special procedure to force the bill back on the floor. And then in that process, the leadership in the House prevented it from being discussed on the floor and said, this been fully aired in the committee, stop wasting the people's business, called for an immediate vote, and it was prevented from progressing. So that was in February. So what this did was to show that some months back when people would read the book or see the documentary, some part of them, I'm sure, would say this can't really be true.
• 1:27:49
  But to have it in a bill that the banking lobby cannot refute, they actually have to lie about it and use procedural tactics to keep it from being heard. That says this is real. Then in March, we go to Tennessee, and there's a video showing this first hearing in the House subcommittee where the bill, what the bill does is we know it has this first statement that the entitlement holder has priority over the secured creditors. You let that stand and you just strike the exceptions. It's as simple as that.
• 1:28:34
  It's an elegant change. And one can see that it is irrefutable that this is in the law. It's very simple to see if you just look at it. So this bill was passed six to one in this House subcommittee. And then there was such And they sent Andrew Guggenheim, who is legal counsel in house counsel for the Securities Industry Financial Markets Association.
• 1:29:10
  So they brought their big guns and other banking lobbyists. And they could not Basically, their testimony was nonsense. They said that these changes in the UCC did not change property rights. That's an assertion of theirs, which is an outright lie. And secondly, that the language is to allow for margin accounts, allow people to have a margin account where they are borrowing against their own securities.
• 1:29:54
  If you make this change, then all account agreements would be invalid and would create a terrible problem and people. So let's just not change anything. This was their argument. When just by looking at the code, you can see it's not about the creditors or the client. It's about the creditors at another level in the financial system.
• 1:30:17
  So both of their arguments make no sense. This is the best they can do, which, again, this is where the truth is like a lion. And it's not going away. So it's out there. They cannot speak directly to the facts here.
• 1:30:38
  So this is the exposure that is happening. So they then accelerated. There was so much, I think, excitement around this. They accelerated the Senate hearing to the next day. And it was passed unanimously in the Senate.
• 1:30:59
  Now this is the very exciting thing about it. In the Senate Republican majority leader voted for this, And in the house subcommittee, the Democrat chairman of the Black Caucus in the state voted for it. And as Benny Grandi pointed out, you now have something of national implications because it is a nonpartisan people issue. So the lines are being drawn as to whose interests are really being represented here. So then we stayed into the next week to see it through because it had to clear the full house committee.
• 1:31:52
  And we were systematically meeting with all of the representatives on the full house committee, and that was going very well. And that was on, the hearing was to be on the Wednesday. So on Monday we were doing this. And then something happened on Tuesday where it changed sharply. And we knew the banking lobby had done something.
• 1:32:25
  And what they had done was gone to the treasurer of the state and said that if you do this, we will withdraw services from the state. And then the next day in the hearing, they literally said that. They said that if this is done, services will be withdrawn from the state. Financial services firms will not be willing to operate in the state. And they also will not operate with any other firm that is operating in the state.
• 1:33:08
  And this banking lobbyist went on to say that this would be bad for DTCC. This would be bad for Depository Trust Corp. This is after their only argument was that the language in here relates to margin loans. So you see what I mean by the lion. The lion has been released, and it will defend itself at this point.
• 1:33:44
  Seth Holehouse: And so were the actions of the banking lobbyists able to then change all the votes and get it thrown out? Or did the
• 1:33:51
  David Webb: Well, what they did was the treasurer went to the Speaker of the House, who went to the Chairman of the Committee, who said that this has to be stopped. And what they have done is said, this needs to be referred to summer study. Now we know, we've been told summer study is where bills go to die. It's a way of preventing it from progressing. But again, the lines are being drawn here that is, now if this is a partisan issue, it's the people versus the banking power.
• 1:34:34
  That's what's happening here. And people in Tennessee, it's going to be a difficult choice. It's a matter of facing them down. Will they actually withdraw service from the state if the state were to make this simple change that shouldn't actually change anything? It would, they're coming down so hard on this because what it would do for the first state that does this, you understand that in the current system, the secured creditors of the intermediary have priority, have this super priority.
• 1:35:19
  And it's only the biggest banks that are in the protected class that have this super priority. So all other entities, pension funds, individuals in all the states are beneath that to get their own assets back from the Now, if you have a state like Tennessee that would just strike the exceptions that allowed these other creditors behind the derivatives contracts to have priority. They just strike that, now all of the entities in that state have structurally a priority to the entire pool. They are now ahead of the security creditors and all other states that have not made the change are below the creditors. So the first state that makes this change becomes a haven for asset protection globally when they do that.
• 1:36:25
  And I know there are people globally that have asked me and said, if you can figure out where to do this somewhere, please tell us, and we will move assets there. The other part of this, when we were in South Dakota, just beginning this process with Julie Auch, she is actually an investment advisor. She's an unusual one because she actually cares deeply about her clients and their exposure to this. And she realized that she had responsibility to them and liability to them. And I woke up the next morning thinking about that.
• 1:37:12
  And this image came into my mind of the medieval castle town where castle is up on the hill and there is a generous area that is enclosed in the town walls. And the people are invited to settle inside the town walls. And those people think they're so grateful that they're being protected by the Lord who is up in the castle. What they don't under or didn't understand was strategically, they were there to provide a buffer for the Lord in the castle. So any attacking army would have to go breach through the castle, the city walls, and go through the townspeople before getting to the castle.
• 1:38:02
  Now that is an analogy for the financial system. People in the financial services complex think that their interests are aligned with the lords in the castle keep. They are fodder in between the public and the castle. And displeasure of the public will be visited upon the people in the financial services industry when this happens. So they are being set up as patsies when this happens.
• 1:38:46
  So again, there can be a turning point in terms of consciousness here where people in the financial services complex realize, wait a minute, it's actually, we're being set up, it's better for us to actually make it safe for our clients in some jurisdiction where we are.
• 1:39:11
  Seth Holehouse: So that so that's interesting and and encouraging. It makes me think of a state like Florida, for instance, where, you know, a lot of times you see these legislations being pushed forward, and you see people flocking to move to those kinds of states because they agree with this. So even though it seems like, you know, Tennessee, they're they're being threatened and, hey. We're gonna pull this you know, you're gonna have a great financial struggle because we're gonna pour support and everything. It it seemed as if the opposite would happen.
• 1:39:38
  The first state to do this would then have a massive inflow of probably investment money coming in, bill coming in because they look at that as the the safe haven. So, I mean, it's encouraging, and the reality is is that it hasn't happened yet. This collapse, this great reset hasn't happened yet, and so we still do have a window of time to undo the the foundation that they've that they've put together to make sure that they they take everything. And it just it again, it brings me encouragement that this is I mean, this is America. This is where we at a state level, we can affect these changes, and and we have these rights if we can just if enough people come forward, which is encouraging.
• 1:40:19
  David Webb: It's essential. The the constitutional republic is it is essential that for all of humanity that we save this. And the only way to do it is through action at the state level. We know it can't be done at the federal level. The European Union is monolith.
• 1:40:42
  It's not possible to do it in Europe. I don't believe that the individual nation states are controlled to such an extent. So we still have we have a chance in The US to do this.
• 1:41:01
  Seth Holehouse: We certainly do. And it starts with, you know, sharing this information, educating people. I'll bring up this is the web page, thegreattaking.com. This is where folks can download the book if they wanna read, or there's links to watch it on you know, YouTube, Rumble, etcetera. I'll make sure that the the links, especially to the Rumble video, that the links are put in the description below.
• 1:41:24
  David, do you have any final words in closing for people?
• 1:41:31
  David Webb: Well, I think we're at a spiritual awakening here. The evil we're facing is so manifest that we have to face up to it. We have to welcome that we know. It's better than not knowing what we're facing. And then we have to transcend that.
• 1:42:08
  We have to pass through that. And it will ultimately be, the world is actually benevolent and abundant. And what we're dealing here is it's all artificial. It's all a construct and it can all go away like a bad dream. Once enough people understand this, and we're gonna get there.
• 1:42:47
  Seth Holehouse: Well, great words to conclude with. And I thank you. I really thank you for what you've done, the information you've gotten out there, for even for giving us the time today. I know that you're a busy man, and I I appreciate it. And I hope that I can help spread this message even further.
• 1:43:03
  And if there's more that I can do, please let me know because, I think this is probably one of the most important interviews I'll ever do because this is something that affects everybody in a very real pardon me in a very real way. So thank you very much, Dave. Really appreciate you having having having you here.
• 1:43:21
  David Webb: Thank you, Seth. I've I've enjoyed it. You're you're a good man. I can see it.
• 1:43:27
  Seth Holehouse: Thank you. Thank you. I got a little choked up by my scratchy voice. So, yeah, I appreciate that. I can see it in you too.
• 1:43:35
  And maybe it's our Ohio roots that that that brings it out in us. Well, thank you again. I look forward to having you on again. Thank you so much, David. Hey, folks.
• 1:43:45
  I've got a quick message for you. So I'm sure you've heard a lot of people, myself included, talking about the importance of buying precious metals, gold and silver. But what's really behind that? Is it just a thing of, hey. Buy this gold.
• 1:43:58
  Buy this silver. Right? Or is there something deeper that we should be looking at? So I recently came across some figures about house prices. So in 1930, the average family home was approximately $4,000.
• 1:44:11
  Fast forward to 02/2023, the average family home is just over $400,000. So you have to ask yourself, why is that? Is it because things have just gotten more expensive? No. It's actually because the dollar has lost 99% of its value since 1930.
• 1:44:26
  Right? When people talk about the collapse of the dollar or inflation, this is what it means. Now let's take a look at gold. So in 1930, if you wanted to purchase your home in gold, it would take approximately 200 gold coins. So 200 gold coins would purchase the average family home in 1930, about $4,000.
• 1:44:45
  Now if you instead of buying a home with that gold or cash, you set those aside. If you set aside $4,000 in cash in 1930, it would be worth $4,000 today. What can you buy with $4,000? Can you buy a family home? No.
• 1:45:00
  You can't even buy a crappy used car. But if you set aside $4,000 worth of gold coins in 1930, which is 200 gold coins, 1 ounce coins, that would be worth approximately $400,000 today. And this is the key lesson about precious metals. It's not about getting rich. It's about putting your money into an asset that protects you against inflation and against the destruction of the currency, which is what happens to all fiat currencies, especially now we're in the end days of the dollar.
• 1:45:33
  And so that's why it's important, maybe not all of your money, but a portion of your money, a portion of what you have, I highly recommend putting it into precious metals of gold and silver, because what it's doing is it's protecting you. This is an asset that has stood the test of time, not just stood the test of time since the nineteen thirties. We're talking about the rise and fall of civilizations. Gold was used to buy houses back in ancient Rome. It's still around.
• 1:45:59
  It's an asset that will forever have its value. So folks, if you want to do this and you need someone you can trust, there's no person I can recommend more than doctor Kirk Elliott. He's a very good friend of mine. He's a strong Christian patriot, and he's out to really help people to protect their savings and what you've worked for against the destruction of the dollar, not to mention also protecting it against the dangers of a central bank digital currencies. So to learn more about this, go to goldwithseth.com or call (720) 605-3900.
• 1:46:32
  Again, that's goldwithseth.com or (720) 605-3900. Both those places will allow you to set up a quick appointment where you can talk to a wealth advisor that will help get you started on this path. Again, goldwithseth.com, 7 2 0 6 0 5 3 9 0 zero. So folks, I hope you enjoyed that interview with David Webb. I I thoroughly did.
• 1:46:55
  I I felt a real connection with him. He's he's not just a brilliant and smart man, but I I can tell that he's got a very strong sense of compassion, and he really wants to do something positive for humanity. And in my opinion, what he's doing is the one of the best things people could do, and it's just teaching. It's it's undoing the mountain of lies that we talked about. It's releasing that lion, that line of truth.
• 1:47:22
  And so he's just a great man. I look forward to doing more shows with him. And I hope that you even though this is a heavy interview, and it's, you know, the reality is is it's dark. Alright? And as I mentioned in the intro, yes, there's a light at the end of the tunnel, but there's also a lot of darkness in the tunnel.
• 1:47:38
  So I hope that you're able to handle it and process it and not overreact, not become too scared or frightened or act in in ways that are too erratic. Because as he mentioned in there towards the end, he says, it's input. It's important that we realize that we're all going through this together. We're not gonna be isolated on our own dealing with this. This is a problem, a potential issue that's facing all of us, so we have to band together.
• 1:48:03
  But I also think that you can see why I've been very select in what advertisers I work with because I I like to push, you know, ideas that make sense to me. I I don't I don't wanna support a product that doesn't make sense to me. And so this is why, you know, precious metals and storable food are my two kind of foundational, you know, you know, advertisers that I work with because I believe in this. You come to my house, you'll see it's like, oh, yeah, Seth believes in storable food. Look at my my basement.
• 1:48:31
  You'll see that I'm right there with you. Right? I also believe in precious metals. This is why I think that if you haven't really set aside some level of your assets and some level of your pre your preparation into both precious metals and storeable food, I recommend it. If you have companies that you work with already, great.
• 1:48:51
  For storeable food, as I as you see my ads all the time, heaven's harvest, that's who I recommend. You get a big a big discount using promo code Seth, s e t h, heaven's harvest dot com. That's who I trust. I know the owners. And with precious metals, Kirk Elliott, he's my good friend.
• 1:49:06
  I will tell you that that look. I used to work in the, you know, gold and jewelry industry, and I can tell there's a lot of charlatans. I've had some detailed conversations with Kirk also about this where people have come to his firm, and they're saying, hey. Look. I I work with this other gold company.
• 1:49:21
  How was my purchase? And he's seen he shared with me a lot of things personally that have been sickening to him. Gold companies that are literally selling, you know, unsuspecting people that just trust them. They say, maybe they saw a company on some podcast that they trust. Like, oh, I can trust company a.
• 1:49:37
  These people are selling people gold and silver at two, three, four, five times the price that it should be. Right? So instead of, you know, spending $10,000 on silver and getting $10,000 worth of silver, they're spending $10,000 worth of silver, and they're getting $2,000 worth of silver that's in special commemorative packaging or whatever it is. They're being ripped off. So just be careful.
• 1:49:58
  If you have someone you trust, great. If you don't, and you want to work with somebody, and you want to pull your assets out of the system, you don't want to wake up one day and see that that change has taken place, and you can't access your bank account or your r one your 401, IRA. For me, if I have to, I will literally bury this stuff in my backyard if I have to. That's how my way of protecting my wealth. So if you have someone you work with, great.
• 1:50:21
  If not, Kirk Elliott, it's great. GoldwithSeth.com. The phone number, the URL, those are all in the description below. So, again, I hope you enjoyed the interview with David. He's a great person.
• 1:50:31
  I plan on having him back on again, and you take care. God bless. Thank you all for watching and supporting. I wouldn't be here without you. Thank you.