Donate to FPC Donate
Hamburger Menu Hamburger Icon
Phone Icon Mail Icon Lacation Icon
youtube link facebook link twitter link instagram link
fpc logo
Home Fostering sustainable financial policies for global prosperity.
FPC Store Empowering financial success through trusted online store.
Events Fostering financial excellence through insightful events.
Blog Insightful perspectives: Shaping financial policies together.
Donate Empower economic growth through FPC donations.

About Us

Our Mission Shaping financial policy for prosperity.
Directors Empowering growth through strategic leadership.
Team Driving sustainable economic policy solutions.
Meet Us Shaping financial policies together.

Entrepreneur's

Entrepreneur's Circle Empowering entrepreneurs for growth and success.
Entrepreneur Award Innovating business success with visionary leadership.

Sponsor FPC

Sponsorship Empowering financial progress through strategic partnerships.

Media

News FPC News: Empowering financial progress.
Photos Curating financial perspectives creatively.
Podcast Empowering finance through insightful conversations.
Videos Empowering financial excellence through insight.
Webinars Fostering financial policy education together.
Wealth Creation Fostering prosperity through wealth creation.
Chairman’s Corner Our goal is to foster informed discussions that drive impactful decisions for a sustainable financial future.
White Papers Insightful analysis driving informed decisions.
Join Us Join us and shape the future of the FPC shaking hands Join Our Mailing List
Hamburger Menu close Hamburger Icon

Chairman’s Corner

As we navigate the complexities of the financial world, this space will serve as our platform to share insights, discuss trends, and explore the policies shaping our economic landscape.

  • home
  • Media
  • Chairman’s Corner Details

You own nothing and THEY will be happy

  • April 15, 2024

Klaus Schwab tells us that in the Great Reset that the World Economic Forum is preparing for us “you will own nothing and you will be happy.” Well, we already own nothing. In fact, do you know that our bank deposits and stocks and bonds, in the event the depository institution gets into trouble, belong to the depository institution’s creditors, not to us?.

You might remember that during the last financial crisis we were told that there would be no more bail-outs, that in the future there would be bail-ins. A bail-out is when central bank money creation rescues the favored troubled financial institutions. A bail-in is when the depositors’ assets are used for the rescues.

It is a fact that the loss of property rights in financial assets is the case today throughout the Western world. The rewrite of financial property rights appears to be the work of regulatory bodies, not legislatures which seem to be unaware of it.

No, it is not a conspiracy theory. Regulatory authorities have indeed made legal changes of which financial market participants are unfortunately totally clueless.

As a result of these changes, individuals no longer have property rights in “their” securities. “Owners” now have “entitlement rights,” which means that they have pro-rata rights to whatever securities remain in the depository institution after secured creditors’ claims are met. In actual fact, “your” securities and your bank deposits are no longer recognized in law as your personal property if the depository institution–the bank or, for example, Merrill Lynch–becomes financially troubled.

To state the bottom line in another way folks: “your” securities serve as collateral for the creditors of depository institutions. Your right to “your” property terminates the minute the depository institution gets in financial trouble and secured creditors are empowered to immediately take client assets in the event of a failure in the custodian. Essentially, the mega-banks are today the “privileged creditors.”

You might think that your money and your stocks and bonds would be safe if you use as your depository one of the “banks too big to fail.” You would be mistaken. The Federal Reserve permits the large banks to create subsidiaries that hold deposits, and the Federal Reserve permits the large banks to transfer their derivatives to these same subsidiaries. In this way, the bank itself remains afloat. Only its subsidiaries holding your money and securities are wiped out in the event of a crash.

Scary would you say?

Come to the Financial Policy Council https://lnkd.in/eZU2UgYd, be a part of decisions that will shape the country’s future & share your thoughts.

#wef
#digitalmony
#money
#power
#control

Financial Policy Council
Blackhawk Partners, Inc.
Brain Expansion Group

All Newsletter Topics

Our Partners

We Extend Our Gratitude to Our Partners

College Republicans FPC Partner
Turning Point USA FPC Partner
Young Americas FPC Partner
Mbanq - FPC Partner