It is now legal to confiscate your assets in the west - movie

[Don]

Lets watch and talk:
https://rumble.com/v517z08-stop-it-great-taking-film-trailer.html

Anyone read the Great Taking or seen the documentary? It describes the details of how it is now legal to confiscate assets in the west.

https://thegreattaking.com/

https://rumble.com/v3yptkd-the-great-taking-documentary.html?e9s=src_v1_ucp

 

[Martin Everson]

Ok gonna watch later today and will let you know my thoughts if any

 

[Don]

Ok gonna watch later today and will let you know my thoughts if any

It would be interesting to know if anyone here has their own predictions about the next bubble / crisis.
@wellington looking forward to your insights (with graphs haha)

I think Charlie Munger put it well during an interview in the decade of zero interest rates, very low inflation and ‘quantitative easing’, when asked for his thoughts on the situation he said, “If you think you understand what’s going on, you’re an idiot.”

 

[cryptofriendly]

You will own nothing and be happy.

Well, the second part is a lie.

 

[JackAlabama]

I was recently reading the other day a member wrote about flowbank and how long it takes to get the securities back (6 months and counting).

I did not assume it would take so long and you get it back within a matter of days. Why would it take longer? After all allegedly the securities are held in your name in a segregated account outside the bankruptcy proceedings.

So, I have to credit some slack to this great taking theory and have to rethink it.

Its also pretty much impossible to get physical share certificates serving as further indication.

However in some instances its possible to own shares directly with the company and / or get some tokenized shares in your own wallet (however im not entirely convinced about that).

 

[wachtwoord]

You will own nothing and be happy.

Well, the second part is a lie.

Nah, they'll just redefine happy just as they did with "inflation", "liberal", "free", "justice", "vaccine", "science" etc etc etc

 

[Don]

Nah, they'll just redefine happy just as they did with "inflation", "liberal", "free", "justice", "vaccine", "science" etc etc etc

In Old English and earlier periods, the word "gay" originally derived from the Old French word gai and the Late Latin gaius.
Gay is a word with many meanings. A gay person is homosexual, but if we describe something like a scene or a party as gay, that means it's bright, merry, and happy. Gay originally meant excited, festive and merry. Skipping down the street is something you'd do in a gay mood.

 

[Nicholas Van Orton]

I was recently reading the other day a member wrote about flowbank and how long it takes to get the securities back (6 months and counting).

I did not assume it would take so long and you get it back within a matter of days. Why would it take longer? After all allegedly the securities are held in your name in a segregated account outside the bankruptcy proceedings.

So, I have to credit some slack to this great taking theory and have to rethink it.

Its also pretty much impossible to get physical share certificates serving as further indication.

However in some instances its possible to own shares directly with the company and / or get some tokenized shares in your own wallet (however im not entirely convinced about that).

Yes, I thought the same myself. Very disturbing as "segregated" means not mixed up with the broker/entity's own dealings. Disturbing to say the least.
NVO

 

[happyjohn]

https://rumble.com/v3yptkd-the-great-taking-documentary.html?e9s=src_v1_ucp

best video of the 3 links provided, the first one are low quality and useless!

 

[wachtwoord]

In Old English and earlier periods, the word "gay" originally derived from the Old French word gai and the Late Latin gaius.
Gay is a word with many meanings. A gay person is homosexual, but if we describe something like a scene or a party as gay, that means it's bright, merry, and happy. Gay originally meant excited, festive and merry. Skipping down the street is something you'd do in a gay mood.

Sure but that change of meaning was natural and not purposeful, manipulative and malign like the examples I gave.

 

[Don]

Sure but that change of meaning was natural and not purposeful, manipulative and malign like the examples I gave.

When society doesn't accept anything as an absolute truth then everything is subject to each individuals understanding and choice, so everything can be truth or everything could be a lie to someone.

 

[Martin Everson]

OK so I watched the documentary and found it interesting. It is true financialised assets are easy to steal or bail-in. I don't keep any assets in West since 2022 and also none that are financialised [yet]. I discussed in this thread what I did to avoid any potential crazy confiscation after pandoras box was opened with seizure of Russian state assets.

My big concern is not an outright confiscation of assets of private people but a haircut levied i.e a windfall defense tax or solidarity tax. A situation where tax rises no longer deliver the results that they want and they resort to simply stealing a portion of your wealth to fill the gap.

Will this all happen unlikely as the world is splitting into two geopolitical spheres and in the future two financial systems. One US dominated the other Chinese dominated. People can just jump ship.

 

[Frankie]

Just another nut saying stuff that will never happen, scaring conspiracy nuts into buying his useless book instead of investing in something useful.

He claims to be a "ex hedge fund manager". I couldn't find any proof of that online, the only company registered to him was a some "wood & forestry management" in Stockholm, with zero employees and zero revenues.
https://www.allabolag.se/foretag/david-rogers-webb/stockholm/skogstjänster/KY7GLJY4TI5YHGM

In other words- a loser.

But by all means if you believe that, exchange all your assets into Gold and bury it in your back yard. Then come back in 20 years and watch how literally everybody BUT you got richer.

 

[cryptofriendly]

But by all means if you believe that, exchange all your assets into Gold and bury it in your back yard. Then come back in 20 years and watch how literally everybody BUT you got richer.

Buying gold 20 years ago and burying it in the backyard one would have made 553%, that's 27% per year.
Not too bad, beats any term deposit and even SPY, is safer - with less drawdowns.

SPY:
As of December 2024, over the analyzed timeframe (20 years), the SPDR S&P 500 (SPY) ETF obtained a 10.29% compound annual return, with a 14.68% standard deviation. It suffered a maximum drawdown of -50.80% that required 53 months to be recovered.

 

[daniels27]

Buying gold 20 years ago and burying it in the backyard one would have made 553%, that's 27% per year.

Not sure about the math. But my phone tells me otherwise:
6.53^0.05 = 1.098. This would be more like 9.8% effective interest rate. Still got, but lower than SPY.

I do appreciate your post. But the problem with the 27% is that the longer the timespan, the higher the value due to the compounding effect, hence it is a value hard to understand. (At 30 years, you already have a 54% per year, at 40 years 111% and at 50 years it is a whopping 233%.) Super for marketing. But that's exactly why countries mandate the induction of AER and the like.

Just FYI, the compunding effect with cell B2=((1+B$1)^$A2-1)/$A2

	1%	2%	3%	4%	5%	10%	15%	20%
1	1.00%	2.00%	3.00%	4.00%	5.00%	10.00%	15.00%	20.00%
2	1.01%	2.02%	3.04%	4.08%	5.13%	10.50%	16.12%	22.00%
3	1.01%	2.04%	3.09%	4.16%	5.25%	11.03%	17.36%	24.27%
4	1.02%	2.06%	3.14%	4.25%	5.39%	11.60%	18.73%	26.84%
5	1.02%	2.08%	3.19%	4.33%	5.53%	12.21%	20.23%	29.77%
10	1.05%	2.19%	3.44%	4.80%	6.29%	15.94%	30.46%	51.92%
15	1.07%	2.31%	3.72%	5.34%	7.19%	21.18%	47.58%	96.05%
20	1.10%	2.43%	4.03%	5.96%	8.27%	28.64%	76.83%	186.69%
25	1.13%	2.56%	4.38%	6.66%	9.55%	39.34%	127.68%	377.58%
30	1.16%	2.70%	4.76%	7.48%	11.07%	54.83%	217.37%	787.92%
35	1.19%	2.86%	5.18%	8.42%	12.90%	77.44%	377.64%	1684.77%
40	1.22%	3.02%	5.66%	9.50%	15.10%	110.65%	667.16%	3671.93%
45	1.26%	3.20%	6.18%	10.76%	17.74%	159.76%	1195.04%	8125.03%
50	1.29%	3.38%	6.77%	12.21%	20.93%	232.78%	2165.31%	18198.88%
55	1.32%	3.58%	7.42%	13.90%	24.79%	341.93%	3961.13%	41170.55%
60	1.36%	3.80%	8.15%	15.87%	29.47%	505.80%	7305.00%	93910.86%
65	1.40%	4.03%	8.97%	18.15%	35.14%	752.88%	13564.29%	215707.15%
70	1.44%	4.29%	9.88%	20.82%	42.04%	1126.78%	25335.31%	498411.37%
75	1.48%	4.55%	10.91%	23.93%	50.44%	1694.53%	47562.49%	1157528.49%
80	1.52%	4.84%	12.05%	27.56%	60.70%	2559.25%	89687.35%	2700284.33%
85	1.56%	5.16%	13.34%	31.82%	73.24%	3879.96%	169783.11%	6323927.87%
90	1.61%	5.49%	14.78%	36.80%	88.59%	5902.25%	322523.69%	14861738.05%
95	1.66%	5.85%	16.40%	42.64%	107.40%	9005.97%	614568.77%	35034405.81%
100	1.70%	6.24%	18.22%	49.50%	130.50%	13779.61%	1174312.45%	82817973.52%

 

[cryptofriendly]

You are right about the compounding, lazy me just took the 20 year percentage and divided by 20.
Looks like I need to move on to the next place, I am slowing down like the locals already.

6.53^0.05 = 1.098. This would be more like 9.8% effective interest rate. Still got, but lower than SPY.

I do appreciate your post. But the problem with the 27% is that the longer the timespan, the higher the value due to the compounding effect, hence it is a value hard to understand. (At 30 years, you already have a 54% per year, at 40 years 111% and at 50 years it is a whopping 233%.) Super for marketing. But that's exactly why countries mandate the induction of AER and the like.

 

[EliasIT]

My big concern is not an outright confiscation of assets of private people but a haircut levied i.e a windfall defense tax or solidarity tax. A situation where tax rises no longer deliver the results that they want and they resort to simply stealing a portion of your wealth to fill the gap.

You're totally right, they are already doing this in many countries including Denmark, Germany and Switzerland which countries I follow closely for personal reasons It is a hair cut they are doing not confiscating yet, they rise taxes on food and all the stuff people buy including properties and cars, they even introduce new taxes on electricity and other utility.

It is the low- and middle class that pays and suffer from all this, the high class don't even bother and continue as nothing heppende.

 

[Don]

OK so I watched the documentary and found it interesting. It is true financialised assets are easy to steal or bail-in. I don't keep any assets in West since 2022 and also none that are financialised [yet]. I discussed in this thread what I did to avoid any potential crazy confiscation after pandoras box was opened with seizure of Russian state assets.

You must be safe from bail-ins, while for many others, it seems like an increasingly higher risk to be materialized:
https://www.srb.europa.eu/en/content/single-resolution-board-publishes-its-new-bail-template-banks

My big concern is not an outright confiscation of assets of private people but a haircut levied i.e a windfall defense tax or solidarity tax. A situation where tax rises no longer deliver the results that they want and they resort to simply stealing a portion of your wealth to fill the gap.

I guess that's another idea you might not have considered:
https://www.euronews.com/business/2...ax-charge-on-property-bought-by-non-eu-buyers

Will this all happen unlikely as the world is splitting into two geopolitical spheres and in the future two financial systems. One US dominated the other Chinese dominated. People can just jump ship.

There are more thought-provoking films like this.
This was just one example. I think it did contain some interesting pieces of information about legislation, but I didn't bother to fact-check.
I figured it could be worth turning this thread into or creating a separate thread about documentaries related to the economy, conspiracies, future predictions etc.
Anyway, another film that I found interesting that opens about about potential future threats is titled "Stakeholder Communism"

 

[Frankie]

Buying gold 20 years ago and burying it in the backyard one would have made 553%, that's 27% per year.
Not too bad, beats any term deposit and even SPY, is safer - with less drawdowns.

Not only your calculation was wrong, you also conveniently chose 2006 as your starting year.

Why not choosing 1980 as your starting year? Then you would have been at 0% performance in NOMINAL TERMS until 2008. Basically holding a useless piece of Yellow metal for 38 years while telling yourself it's a great investment.

In the very long term:
Stocks: 6.7% in real terms
Gold: 0.5% in real terms

But why am I wasting my time talking to Gold nuts... Gold nuts are like Crypto nuts but without the possibility of actually getting rich.

 

[Houdini]

Just another nut saying stuff that will never happen, scaring conspiracy nuts into buying his useless book instead of investing in something useful.

He claims to be a "ex hedge fund manager". I couldn't find any proof of that online, the only company registered to him was a some "wood & forestry management" in Stockholm, with zero employees and zero revenues.
https://www.allabolag.se/foretag/david-rogers-webb/stockholm/skogstjänster/KY7GLJY4TI5YHGM

In other words- a loser.

But by all means if you believe that, exchange all your assets into Gold and bury it in your back yard. Then come back in 20 years and watch how literally everybody BUT you got richer.

You nailed it, 100% , yet another pointless video from someone hoping to make quick money off YouTube.