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Is The Economy Just Now Falling Apart
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<blockquote data-quote="A Man Called Charolais" data-source="post: 50248"><p>Does this coincide with your position?</p><p></p><p><a href="https://thegreattaking.com/" target="_blank">https://thegreattaking.com/</a></p><p></p><p>Basically, from what I gather, the financial regulatory bodies enabled securities (equity and bonds) held by financial institutions be used as collateral for trading even though they were held in trust for their clients. If these institutions cannot pay for their speculations then the securities are owned by their counterparties to satisfy their debt, rather than by by the client they were being held in trust for. This is global in nature now.</p><p></p><p>So, you own 500 shares in Microsoft and your broker wants to borrow money and requires collateral. It uses your shares as securitized collateral. The bank fails and you look to recover your shares but their creditor claims those shares as the collateral to the debt that the broker took out from them. You are in a position of an unsecured creditor and only recover that portion of them that are left over after the debt is discharged.</p><p></p><p>If you are going on holiday and you have a friend that has a secure yard where your car is safe from robbery so you leave it there with him for €5. He has a bit of a gambling problem and uses the car as part of the collateral for a bet on whoever the next opponent of Tyson Fury is. He loses the bet and everything is seized by the bookie. You go to the courts to recover the car but they tell you that the car was collateralised and you have no claim to it.</p><p></p><p>I don't know anything about the financial markets so can't say if it is true or not. The guy listed as the author <a href="https://www.crainscleveland.com/awards/david-webb" target="_blank">exists</a> but there's nothing else from him out there so it could be Russian disinformation (they're fiendishly clever at that). Anyway, could you comment please? If it is true then Ben Shapiro is going to get a land - maybe himself and Jeremy could start a shrimping company.</p><p></p><p></p><p style="text-align: center"><img src="https://i.ibb.co/zX800hF/asdf.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p></p><p>This supports that concern around - you will own nothing etc.</p><p></p><p>A question - if this is really true, will this extend to personal investment vehicles like pension funds. I understand that the types in the American system aren't defined as securities so IRAs etc. probably won't be affected. I would like so more information on whether this should be taken seriously or not though.</p></blockquote><p></p>
[QUOTE="A Man Called Charolais, post: 50248"] Does this coincide with your position? [URL]https://thegreattaking.com/[/URL] Basically, from what I gather, the financial regulatory bodies enabled securities (equity and bonds) held by financial institutions be used as collateral for trading even though they were held in trust for their clients. If these institutions cannot pay for their speculations then the securities are owned by their counterparties to satisfy their debt, rather than by by the client they were being held in trust for. This is global in nature now. So, you own 500 shares in Microsoft and your broker wants to borrow money and requires collateral. It uses your shares as securitized collateral. The bank fails and you look to recover your shares but their creditor claims those shares as the collateral to the debt that the broker took out from them. You are in a position of an unsecured creditor and only recover that portion of them that are left over after the debt is discharged. If you are going on holiday and you have a friend that has a secure yard where your car is safe from robbery so you leave it there with him for €5. He has a bit of a gambling problem and uses the car as part of the collateral for a bet on whoever the next opponent of Tyson Fury is. He loses the bet and everything is seized by the bookie. You go to the courts to recover the car but they tell you that the car was collateralised and you have no claim to it. I don't know anything about the financial markets so can't say if it is true or not. The guy listed as the author [URL='https://www.crainscleveland.com/awards/david-webb']exists[/URL] but there's nothing else from him out there so it could be Russian disinformation (they're fiendishly clever at that). Anyway, could you comment please? If it is true then Ben Shapiro is going to get a land - maybe himself and Jeremy could start a shrimping company. [CENTER][IMG]https://i.ibb.co/zX800hF/asdf.jpg[/IMG][/CENTER] This supports that concern around - you will own nothing etc. A question - if this is really true, will this extend to personal investment vehicles like pension funds. I understand that the types in the American system aren't defined as securities so IRAs etc. probably won't be affected. I would like so more information on whether this should be taken seriously or not though. [/QUOTE]
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