Get Ready for "The Great Taking"
Doug Casey's Take ep. #275
Today Doug Casey and I dig into some thorny issues.
It turns out Klaus Schwab’s infamous line, “You will own nothing and be happy” has some merit. At least the “you will own nothing” part.
For the last several decades an intricate trap has been laid. One which, when sprung, will elegantly expropriate all of our financial assets.
What we're doing to survive and thrive in the coming era of chaos - Doug Casey's Phyle:
https://phyle.co
How to order "The Great Taking"???
Matt and Doug, thanks for another thought provoking discussion. I have a few comments, of course. The big difference between owning stocks held in "street name" and possessing real estate is that it is difficult to dispossess someone from real estate; even a hobo. Over the past 3 decades, I've performed hundreds of evictions on the behalf of clients. In many cases, I had to use the sheriff to gain possession of property.
That said, given that the sheriff is an elected position in most (if not all) counties, the people within a county have a fair amount of leverage against the banksters. I imagine that if people organized Great Defaults within their communities, the banks would have very little recourse. Also, banks hate owning houses; especially, vacant houses in shitty markets. They have to pay the property taxes, maintain them, and keep out squatters. Considering the post covid disfunction in most organizations, I doubt that they could even deal with mass foreclosures.
I bought my house in a short sale 15 years ago. The bank had no idea how to even respond to my offer. No one knew what to do and no one had any authority. It took a long time, but I was patient and ruthless. Eventually, they gave in.
As far as other forms of property go, if you hold metal, then don't talk about it. Same with guns. If you were unfortunate enough to have a paper trail, then be prepared to defend your property. Confiscating private property should be such a terrifying job that no one wants to do it.
Side note: I know Rhodes and he is a good guy. Brilliant, too. Even if we don't vote, we must not forget about these guys who are political prisoners.