Transcription
Welcome back to the Dingella Cambon Show. Last time, David Webb, author of The Great Taking, joined us. He pulled no punches. The banking lobby is a bully. Investors have only the appearance of owning their securities, and the fight to fix UCC article 8 is an uphill battle against powerful forces determined to keep the system rigged. He warned that without collective action, the great taking could leave no one spared in the next crisis. Today, he's back with fresh updates. What progress has been made, what new threats are emerging, and what you need to know to protect yourself, David. It's it's always a joy and a treat to touch base with you. Welcome back.
>> Daniela. Thank you. Very nice seeing you again.
>> Nice to see you as well. I actually went, you know, last night I was re-watching um the last interview we did, which was a couple of months ago and it was uh I forgot how profound and moving it was and you really um you know bared your soul with us at the time. Um you were basically shared with us that you were getting threatened by the bank lobby. So, I thought we would start with your um crusade for justice and how you are fighting against UCCC and what progress you've made. I hope is what I want to hear and hopefully that you haven't been threatened more.
>> Well, I mean, I let me let me say I have had the experience of being threatened, but that was earlier in in time. This I'd say what we're dealing with here is the tactics of the banking lobby in the states and um that is um we've had quite a bit of experience with that now so we we understand um uh in a in a way they've demonstrated the validity of all of this uh and that they cannot uh refute um the basic uh truth of um you know the structure of this because they only refute it with um things that are easily exposed as false as lies uh when they attempt to refute it. And I talked about that a bit last time that you know they'll say things like well you have property rights but it's easily demonstrated that you don't have property rights. How directly from the Fed response? Things things of that nature. These things we can very easily show that what the banking lobby is saying is is not true. The the um so so that you have property rights. you don't that uh uh the the entire system could not operate unless we we have the uh UCC written as it is which uh clearly isn't the case because we had uh you know electronic trading for 30 years before um these exceptions were inserted into article 8. Um so we we the difficulty here is tactical. Um and the the only way the public can prevail here is um um with with uh more of a focused um effort. Um the the it isn't a matter of just making phone calls to your representative or holding up a sign. The the thing that I'd say I'm disappointed with and I I just talked with Don Grandandy today who's worked with Vance and >> you know we shared the same feeling of disappointment that um we both assumed that people in the financial services business in the states would step forward to lead these efforts in their states. And that has not happened. So now why I we can speculate as to why people do not step forward to to uh do this in their states, but let me explain why they should. So I I I gave this analogy when we were testifying out in Oklahoma, and by the way, there will be a bill coming in Oklahoma again this year. Um but um I I give what I call the castle analogy that um in medieval fortress towns they would build the keep on a hill and they build a big city wall around that and then invite people to settle inside the city walls. So people had the impression that they were being kept safe by the Lord on the hill when in reality the strategy behind that was to protect the Lord on the hill because a marauding army would have to go through the town to get to the keep on the hill. And that's the only reason that was done to build a a big town wall around the castle. Very deliberate. Now by analogy that is the financial services industry. The lord on the hill is JP Morgan JP Morgan Chase and the simple towns folk are the people in the financial services business in the states. Now why why why is that the case? Because the simple towns folk, the insurance firms, the brokerage firms, they do not have the assets. The assets have been transported up to the Lord on the hill. The people the people in the financial services industry have the responsibility the liability to their clients but they do not have their assets. This is the subterfuge. This is what really anyone any anyone in the uh in the financial industry should understand that by now. We've been at this for 2 years. That's there for these people to know. Um so for example the federal regulations around separation of a segregation of client assets that again is a subterfuge. It is it is segregating the client assets from the assets of the brokerage firm where in the books and records of the brokerage firm. Meanwhile, they're all pulled in the same pool where they are used without restriction as collateral without restriction without without payment. So if this if this one thing could be understood and acted on by people in the states, all all that would be needed is even a single capable person in the brokerage business or or the insurance business, let alone the treasurer of the state. It would be nice to see that the treasurer of the state would would realize this that this is an issue for all the pension funds in the state. Um it it just takes one person to uh then have the credibility to go and uh speak with all of the representatives before a committee vote or before a vote on the floor. And you know, as we we talked about in the last interview, that's what has not happened. The meanwhile, the banking lobby has many people that go around and meet with all the people on the committees before those decisions and then certainly before a vote on the floor. And um the the so it it could the the the shame of this is that tactically it's entirely doable to make this change somewhere somewhere. Now the the other thing they create the impression that if if you were to strike these exceptions that allow the use of the pooled uh assets elsewhere that that would somehow disrupt all contracts would disrupt the entire financial system. That is also a lie because changing the ch striking these exceptions changes the state law only makes it possible then to to establish new contracts under the state law. All existing contracts continue. So that would then be driven by the biggest most sophisticated financial entities in the state that so the the individual this you know the small people in this finally the bigger more sophisticated entities would would get the work done to protect the people in the state. Now why would they do that? If they if they manage to uh uh uh get a new contract under the law of the state. Again, nothing changes in terms of the plumbing system, h how how it how the whole system works. Um what that does is investors that are using that entity in the state now they have unchallenged uh priority to their own assets which is what everyone believed they had. By just by doing that they are now at the front of the entire line to the pooled assets because they alone in the entire world have a clear case that they get their assets first. They have priority. So, so um what that will do is then assets will come into the state will be very attracted to that state and the entities that put their contracts under the law of that state. Um so the you know the beauty of it is you know it it doesn't cost anything to do this. Um, you know, the the the the banking lobby wants people to believe this is very complicated, would be very expensive to do. It would be highly disruptive. It is none of those things. It's not complicated. It doesn't cost anything to implement.
>> Um, it it it can be done immediately. If a state would do this, it would be done immediately.
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The the feedback after that interview, David, was I received so many emails of people saying, "But we want to help. We want to help David in his crusade. Not at the financial service level, but what can people do to get the financial service level to no longer serve the king?"
>> Yeah.
>> That's a big ask.
>> I think it's this is the psychological or spiritual problem. People people are fearful and um they people in um business uh in the financial services business think that uh this introduces uncertainty uh will frighten their clients. Um they they believe they're safer going along siding with JP Morgan instead of understanding that you're not going to be protected at all.
>> So it it I I guess individual people that have investments >> the the best thing they can do is to confront their service provider with this information. But that should have been happening already. We're now two years have gone by and the hour is late to be able to get that done. But again, it only it only takes one jurisdiction that stands up and does this to to begin. Um, so I say it's like a zipper. The first state that does this assets will be then it will be an asset protection haven. It will actually be very good for them. But they're going to be threatened. AB they will absolutely be threatened. But we're now in an environment where everyone is being threatened. Full spectrum.
>> Full spectrum. Well, exactly to that to that point. I mean your work and I applaud people like you, David. um lobbying to do this. Your work makes me think of someone else I interview. I don't know if you've seen the interviews I've done with Mitch Vexler? Um he's a very big real estate developer who's filed complaints with the DOJ claiming homes are falsely appraised to create higher tax revenue for the school districts. So he's trying to unveil what he calls a 5.1 trillion school bond fraud Ponzi scheme.
>> Yeah. And he truly believes that it will dwarf if this comes down. He says it's a house of cards that will dwarf the '08 crisis.
>> Well gosh, uh the the we are in a global um bubble. What I I agree completely with what he's saying there. The scale of criminality and what has been done there. No, there's no limit to it because the criminals run the entire system.
>> Exactly.
>> And so there's there's no end to it. And and the the the bubble is global. And also in terms of this um uh the the banking system and the central banks being behind this. That's what we what we need to understand and that that is global and this change to take away um direct property rights has been implemented globally and so it's not it's not just the United States it began in the United States but you know I witnessed how that was done in Sweden Europe as a whole now um I I thought that perhaps Indonesia was not in the net and just discovered in December. Yes, Indonesia was not in the net, but it is now because now Indonesia has been forced to dematerialize and pool Indonesian securities. That was the last place. Now to understand uh even China now China has a two-tier system where there are securities that are essentially owned by the government of China that are not pooled in this way but all international investment by anyone external to to the Chinese uh government uh is is pooled in this way subject to this same kind of taking in a systemic collapse. Um so China is in the system. Now some people may have followed what happened with Euroclear in Russia um in in December the Russian central bank assets.
>> Right.
>> 70% at Euroclear. You have to ask, well, why would they do that? Russia.
>> Sorry, just and this is a Belgium-based securities depository for the people. I I talk about it in the book. Euroclear is, for example, where all of Sweden's securities are now. Um, and under Belgian law, they are subject to exactly this. It's very plain that they are they are pooled and secured creditors have priority to the pooled assets. Very clear under Belgian law. So it's interesting that the that the Russian central bank now we know that Russia has been threatened by NATO encroachment for 20 years or more and supposedly the Russians had hardened their financial system.
>> So why would they put 70% of the Russian central bank's assets at Euroclear then when you look at that? So, so the as you know, uh you may know a parallel Mike who did a piece on this and I highly recommend his work. Um and he was the first to point out that the Russian assets were taken already. You know, they were frozen two years ago, which means that they're not they don't have direct control of their own assets. A central bank, um, a sovereign state. Um, and then there was a lot of theater around this to draw attention to the fact that the Russian assets were in play there and they um it was will they or won't they take the Russian assets. So, um, the amount the amount involved was at most €210 billion, which sounds like a lot of money to some people. That's nothing. 210 billion euros is nothing. But you had the prime minister of Belgium and the head of Euroclear both saying loudly that if you take these assets it could bankrupt Belgium, it could bankrupt Euroclear. In other words, the entire European financial system could be bankrupted if you if you take these assets. Um, then they had this will they or won't they take the assets and then they um said, well, we're we're just going to extend a loan for 90 billion for the European assets, which again is just a tiny number. Now Friedrich Merz, the chancellor of Germany, said right after that that the reality is we have we are using the Russian assets. He said that immediately afterwards. So, so um, why am I talking about this? Because to look more deeply at it, why would the central bank of Russia put the assets there, leave them vulnerable? Why would there be this media program to draw attention to it and create uncertainty about the entire European financial system?
>> That's exactly why.
>> You're you're telling all other states uh that if you have your assets in Europe, they're vulnerable. They can be taken. They're they're like jumping up and down screaming this. Then then you look more closely at um at Russia and the central bank there dematerialized securities ahead of the implementation of this in Europe. So Russia, this was in like 2012, 2013, somewhere in there. So in 2014 you had this central securities depository regulation. I talk about in the book which assures the cross-border uh use of the collateral and the Russians deliberate the Russian central bank is distinct from the Russian people. The Russian central bank intentionally dematerialized and participated in this creating the vulnerability. And um the the reality is that the Russian central bank serves international financial interests just like the Federal Reserve, just like all private central banks or all central banks are private. So the Russian central bank is also part of this. Um now what what's the significance of that? Um, the the banking I'll call it a cabal, the international banking cabal is on the side of all wars. Um and that is the case here again. Um so that was the case in World War I as as Richard Verer pointed out in his interview with uh Tucker Carlson.
>> And Ed Ed Griffin. Ed Griffin really exposed this in Creature from Jekyll Island.
>> But Richard Verer most recently pointed this out that Paul Warburg after coming to set up the Federal Reserve system in 1913, it's very clear he was the architect of that from his own extensive memoirs. Um, so right right within months, World War I begins and his brother Max Warburg is running the central bank in Germany. Two brothers on opposite sides of the greatest carnage in world history then ensued after that. And now we're in a situation where all these all these people are being killed in Ukraine. Well, the central banks are on both sides of this as well. And now they are threatening this all of the people in Europe. And uh so I don't know your audience is is mainly mainly American I expect but so the the NATO general secretary said we must be prepared for the scale of war our parents and grandparents endured.
>> No, this audience is quite global, so they'll um that message is heard loud and clear, David.
>> So, so what I'm what I'm pointing out here, this is all connected. What is happening at the state level in the United States is connected with what is happening with the Russian central bank having assets at Euroclear. It's all the same.
>> This is insane. I mean, yeah, how you connected those dots is brilliant. And I think you just phrased that perfectly at the start when you said there's just no end to this criminality. Um, which just depresses me beyond. Um, so let me let me just mention to kind of personalize this. I did after after my knee surgeries I managed to go to Cannes this summer and I revisited my grandmother's stuff from um World War I and she was a nurse, my grandfather was a surgeon and they, you know, they saw a scale of um carnage that would just dwarf anything else. And in her trunk is a cardboard box full of insignia, brass insignia from these soldiers. Um, it it really it really connected me directly to the World War and we're in we're in the same process now. It never ended. Never ended. This is the promised World War III that we're facing now. And that is really why I have worked at this because I I see that we have to we're being overwhelmed. We're facing this hyper war spectrum threats and people don't know how to how to understand what they're facing. And the point of this great taking issue was to help people unite around something they could clearly understand that is demonstrable, irrefutable, and it absolutely is irrefutable. And um uh and it is rightly focused at your true enemy, which is the central banks. If if all of the the this cabal is the author of all the threats arrayed against you, pick anyone, chemtrails, whatever you want, whatever you want to pick. Uh, it's being funded. And so the only way to stop these things, you can't take them one at a time. The only way to stop them is to stop the funding and then it all stops. And it's been done before. This is what Andrew Jackson did. And it it it can be done, but not if people cannot focus their minds.
>> Exactly. But we're continuously distracted. And that's why you brilliantly say all wars are bankers' wars. And that's what you mean. You just explained it perfectly. Um, I want to I hate to segue to this, but um, after your very, you know, emotional story, but, you know, I've been I was excited to get you on to get your take on whether you thought something nefarious was happening behind the volatility we've seen in metal prices in in gold and specifically silver, David. So I know in your book you mentioned that one way we can protect ourselves against the great taking is by owning um, you know, physical assets like gold, like silver. Did you have any thoughts when you saw this run-up now? I mean the incredible run-up we've had in silver and then we saw, you know, an overnight smackdown and well, I just wanted to know if you had any general opinions of what is going on.
>> Yeah. Well, I I have to say it's it's going to be very difficult to navigate these things. Um, um, it it's so on uh, you know, you can easily get frightened into zigging when you should be zagging. I I wouldn't wish upon anyone to try trading these things in this in this environment. Um, it's it's no longer easy. Uh, um, I have to say silver is um, I mean, you can just look at history. It can go up just like a needle and come back down just as just as fast. And we we have been in what I would say is a short squeeze. You know, it's it's the vast amount of paper um selling, but but you know what people should understand is I mean the average cost of producing silver is down around $20 an ounce.
>> Right?
>> You know, so it it is you know, and and there are many sources of silver globally. It is co-mingled with other metal production. Um, so it's um, um, it's it's a question of whether the value of money will be destroyed at such a clip that the cost of production doubles and triples, you know, which is another another thing. Um, it's um, I'd say people, you know, this is why you diversify. You don't have everything in any one thing. Um, so that you're not uh, you don't drive yourself crazy. Um, but silver, silver is you know, the reason it would be an ideal monetary currency or monetary metal is that it's abundant. There are a lot of sources of silver. So the silver dollar was the best. It's probably a better monetary metal than gold because this is this is the Cross of Gold speech back at the end of the 19th.
>> You don't you don't buy David. You sorry to interrupt, but you don't buy the silver deficit story then.
>> Um, well, I I think it's possible. I think it's possible that um, um, but it is at it is trading at, you know, four times the average cost of production. That's true too. So it's it it is there there could be a um, uh, could it collapse the financial system? Yeah, it could. There are lots of things that could collapse the financial system. Now it's a question when when it's going to be when will it be allowed to happen because the central banks won't allow it unless they want the reset. I I would I I think that um, the system they have worked at this. They have worked at setting up >> a a uh, a a bubble that is so extreme. It's way beyond anything that has ever happened in global history by a lot. This bubble globally. So why was that done? It is insane. It's absolutely insane because it's intended to uh collapse everything and to stay down when it when it is collapsed, but they will it's a component of a hybrid war. It it will happen at the time of their choosing. And what is happening with what has happened with um, you know, paper um, the scale of paper um, derivatives contracts, which is way outstrips any physical reality. That's that's not just silver.
>> I I need I need to get one more point in David. Um, you know, we've obviously seen the hoarding of gold by central banks. We're seeing the push. Germany, you know, is considering seriously considering repatriating its gold from New York. Italy wants the gold back too from New York. You know, they'll say it's because of the volatility with Trump and whatnot. Is there a bigger story at play with gold? Why do they want the gold back so bad? And why are central banks hoarding gold? Is it simply a sell America trade or more to the story?
>> Well, I think it's quite clear that gold is the monetary asset that um they've always used the private central banks. You know, there's a long history this. It's they're not creative. They're doing the same they're doing the same thing they've always done. They they want the gold. They want the gold. And that is also your risk. They will at some point want your gold. It's clear, you know, so so that's a two-edged sword. They want it. And so you you you have to understand that if you know it, it it protects you for a while and maybe they will pay something for it when they want it. But um, the there is more of an existential dilemma that humanity is facing here. It is so one of my regrets about the great taking what's happened here is it has put people back into focusing on their material concerns. That was not the purpose. It was to focus people on the the bigger existential threat to humanity. But I if people if people just f I've dealt with a lot of people that just want to run and hide their stuff and that isn't going to that isn't going to save us.
>> That isn't going to.
>> I'm sorry. I'm saying things people don't want to hear, but.
>> No, no, no, no. I mean, I I I thoroughly enjoy.
>> I'm not It doesn't mean you shouldn't do that. Of course. Doesn't mean you shouldn't do that. But that that it it can't it can't stop with that because eventually they're they're coming for you.
>> I know it's just we're so desperate to have any sense of control in this world we have, you know, no control in, right?
>> Um, I think it's in our minds. Um, uh, it it the the mind is determines our reality. Very clearly and this is what people will realize again. Um, we we and this has been part of the the um deception of humanity going back into the 19th century was the focus on determinism, materialism, which was done very deliberately to make people think that you can't know anything beyond the material world. All the all this other stuff is just speculation. So don't bother me with it. So so all of the all of economics, everything is focused on material reality and output. But what so I say what humanity has known from deep time is that our reality is really determined by our minds. So look at where you're sitting. Everything around you has been determined by someone's mind. Everything you're wearing. Um, this this so now you would say well that's material. But what people knew is that what will destroy you and your family is very rarely anything in the natural world. It's not nature unless you're very unfortunate. What will destroy you is produced by people's minds. That is against you.
>> And people used to know this. That's why knowing things beyond the material world was the most important thing.
>> When do you think people knew this? I mean, what what.
>> I think it was being lost in the 19th century very deliberately.
>> And uh, you know, that accelerated in the 20th century. So it's it's um, it's basically determinism that uh, there was this idea toward the end of the 19th century that if you had all information, you would know everything that ever happened before and everything that would ever happen in the future. Um, and that the world that that the all of all of reality is just basically dead matter, you know, it's it's uh mechanistic and that is a new idea basically. I mean, it's a hund over over a century back, 150 years or so, but in terms of human history, that is a new idea that that the world is dead matter. Um, so uh, but the the essential point is that that um, uh, evil, evil is real. That's what people are coming to realize again. I I grew up, you know, I grew up in the 60s and I didn't want, you know, everything was good and I thought I thought ideas like this where I didn't think evil was a real thing and we we are we are as I say, we're humanity will remember what has been forgotten.
>> That is very profound. David, thank you. Thank you for. I'd love to know your thoughts on the Epstein Files, but no, we're not going to go there. We're not going to go there. Not going to get the channel banned today. But David, thank you.
>> Thank you, Danielle.
>> Thank you for sharing your thoughts, your wisdom. Uh, you're a great soul, and um, I really really appreciated your time today. Uh, and I hope you continue with your uh recovery journey.
>> Well, let me let me just mention very briefly. >> There bills coming >> in Tennessee. Bud Hoy will bring that bill again. House Bill 2611. Um, just as a sideline, when we had such tremendous momentum before the two senators that led that. So, we had a unanimous vote in the Senate committee. They were both targeted and removed from office. This is >> targeted. >> Oh, they were targeted by um, uh, it was clear they they were not reelected, but they were they were targeted for defeat. Um, in and this may upset some people. One of them, John Lunberry, was targeted specifically by Trump. Specifically, he was involved. So, this is how it works. People won't like to hear that, but that's that's a reality. So, those two senators were removed. Bud is a courageous man, and uh that bill is coming again in Oklahoma. It's Cody Maynard, who I have met, who is also a very impressive gift to the state of Oklahoma. That's House Bill 3549. In Utah, it's uh Jason Kyle. There's no bill number yet, but I've I've been on calls with Jason and I'm told possibly there will be a bill in Montana. Um, I want to mention that that Don Grandandy is still working on this at truenorthpublicpolicy.com.
>> That's truenorthpublicpolicy.com.
>> And I also want >> We'll fire in that link >> my friend parallel Mike and see his Substack for more on uh the great taking.
>> Keep following it as well, David.
>> Okay. Thank you.
>> Thank you. Thank you for your all your work and um I hope to touch retouch base with you uh soon and thank you all for watching. We'll have more great content. So be sure to subscribe to our channel and reach out to my colleagues at ITM Trading if you have any questions regarding the great taking and how you can somehow safeguard yourself owning um, you know, physical gold and silver. Um, we'll see you soon. Thanks for watching.