Preface
This is a sequel , a frightfull one, of the previous post. It is all true in this dirty tale of the debt driven economy collapse.
Witchdoctor took this as a extra clue from his prefferred author, activist, real fighter- Ellen Brown. The person which changed his way of seeing, from her book – The Web of Debt- 2007 and onwards.
Ellen Brown is also an attorney at LAW. Strange, how her work and activism is so neglected while completely outstanding in the current world , but , we know who is the Piper and how this things work under the Gauss Bell Curve of silent idiocy and Oligarchy rule..
Infra intro
The WD previous post showed how the State as entity became an empty shell, eaten from within by the Corporate Law and practice.
The worst type of Alien cannibalism., you have seen the Alien quadrilogy.
One may ask, why the State still exists if the Corporate law and order has hijacked it , have eaten in from the inside out, and turned the legal status of the State into a second rate corporation at the complete mercy of the corporate law?
Well, the answer is simple: the Brothelhood needs some sort of seemingly real, down to the ground Anchor., On which DERIVE the corpoarte profit. It is there, in the Heart of Darkness . Nothing to do with the famous Deep State, it is all legit and you can read it anytime you want- it is called the LAW. This situation is for the moment being, afterwards there will be no State or anything where the inhabitants can decide about the community matters. It will turn into a territory where the organization of life will be completely in the hands of Corporations, from all, energy, storage (housing included) and the famous “protein” The funny question is only one: what will happen to the so called public administration? AI will fix it.
The frightfull developmment from Oligarchy wealth defense and securing the propety rights together with tax avoidance, or better with the future no taxation since the Corporations will be the skeleton pillars of organization of a society and logically they will suddenly become the essential “public” service, hahahah, this is how one perverts the meanings of the 19th century categories of what is public and what is public service… the frightfull development is shown in the Ellen Brown article/essay analysis through the lens of law..
The famous US and elsewhere Western Civil Oligarchy was founded on the equal rule of law for all. It is turning into a disposession of the non members of the Oligarchy- the citizens.
Lets start citying Ellen Brown:
“Depositors become “unsecured creditors” who can recover their funds only after derivative, repo and other secured claims, assuming there is anything left to recover, which in the event of a major derivative crisis would be unlikely. We saw this “bail-in” policy play out in Cyprus in 2013. “
So, your money in the bank comes after all casino brothelhood derivative instruments get their piece of cake first.
ALL this CDS, swaps, etc is essentially inside the Trojan Horse concept of “derivative” which essentially means that this casino bets essentially derive from something solid and are traded as de facto fake wealth, this solid in the story is the real money, land, housing of which you are the owner. Remember the Lehman crash of the housing market house of cards- derivatives based on some legit valuation of real property which were nothing else than the hundredfold hidden money creation out of the real assets legally created by the corporate law for getting rich out of somebody else property by stacking- deriving value out of thin air..
The invention of the concept of“deriving from” into the finance economy is used as a tool of multiplication (money creation of the second level, equally out of thin air) and is essential to this chain of cards.
The Corporate law turns the vocabulary of Imperial engliss into a business matrix.
Ellen Brown:
“That’s true for deposits, but what of stocks, bonds and money market funds? Under the Uniform Commercial Code (UCC) and the Bankruptcy Act of 2005, derivative securities also enjoy special protections. “Safe harbor” is provided to privileged entities described in court documents as “the protected class.” Derivatives enjoy “netting” and “close-out” privileges on the theory that they are a major source of systemic risk, and that allowing claimants to jump ahead of other investors in order to net and close out their bets reduces that risk. “
That is a maximum perversion, when this brothelhood is protected more than the rightfull owner, on which this brothelhood has made the bets.
What about your stocks you paid for and the bonds you paid for?
Ellen Brown:
“The DTCC is a central clearing counterparty (CCP) sitting at the top of a pyramid of banks, brokers and exchanges. All have agreed to hold their customers’ assets in “street name,” collect those assets in a fungible pool, and forward that pool to the DTCC, which then trades pooled blocks of stock and bonds between brokers and banks in the name of its nominee Cede & Co. The DTCC, a private corporation, owns them all. This is not a mere technicality. “
Ellen Brown:
“You, the investor, have only a contractual claim against your broker, who no longer holds title to your stock either, since title has been transferred up the chain to the DTCC. Your contractual claim is only to a pro rata share of a pool of the stock designated in street name, title to which is held by Cede & Co. “
Well, YOU OWN NOTHING. Especially if you have paid for it!
The whole chain of the Oligarchy wealth defense is a legit robbery as it shields the Oligarchy first. The logical conclusion is that the equality in front of the law has been overturned and nobody can claim anymore that the Western Civil Oligarchy is applying the rule of law in equal terms since the oligarchy brothelhood and investments are protected first and then, maybe,,, it is your turn, but, do not bet on this, please.
The physical persons claims and rights are worthless and this means that the rule of law does not apply to the State citizens anymore. The State is a only a corporate entity shielding only the Corporations.
This part is mindblowing and is called:
Ellen Brown:
“Rehypothecation: The Problem of Multiple Owners”
Ellen Brown – citing :
The Wikipedia entry adds:
“This re-characterization of the proprietary right into a simple contractual right may enable the account provider [the “intermediary” broker or bank] to “re-use” the security without having to ask for the authorization of the investor. This is especially possible within the framework of temporary operations such as security lending, option to repurchase, buy to sell back or repurchase agreement. “
Have you read what the Perverts say and use as a concept? re.- characterization?!!
Did we see what words they use? Re-characterization!
What wikipedia has to say on what is this word meaning, at least till today?
“Characterization or characterisation is the representation of characters in narrative and dramatic works. “
Yes, it has to do with personality, but wtf is this word doing in the corporate law?
The meaning is simple in this frightfull dramatic work in progress:
your property, through an “ economic” process becomes and even belongs to another “character”! Which means, see above, that nobody asked you for nothing, if you are an investor. They have only changed “character” in this play and your property rights go down the drain! It is some other “Character” who holds your rights and you even do not know it!
Ellen Brown:
“[T]he shadow banking system’s lifeblood is collateral, and the issue is that market players re-use that same collateral over, and over, and over again, multiple times a day, to create credit. The process is called “rehypothecation.” Multiple parties’ financial statements therefore report that they own the very same asset at the same time. They have IOUs from each other to pay back that asset—hence, a chain of counterparty exposure that’s hard to track “
First of all, suddenly a Latin word from Roman Law as Witchdoctor knows it, appears; hipothecation.
Google on this meaning:
“What Is Hypothecation? Hypothecation occurs when an asset is pledged as collateral to secure a loan. The owner of the asset does not give up title, possession, or ownership rights, such as income generated by the asset. “
As we see this, google meaning is false!
There is the next level- rehypothecation! Without anybody asking YOU, they take another hypothecation, or many more in the chain hypothecations on the asset which is YOURS! Without even asking you! So what is written in your land registry or assets book? God knows what, but if you have a hypothecation on your asset on which , at least as Witchdoctor knows the LAW, you have to agree, then what is this shit?
And , not enough, they re and re and again and again re- hypothecate something they do not own and even trade with the same asset in multiple times at the same time!
How shall we call this rule of law of the Oligarchy?
Ellen Brown:
“It is this reuse of the collateral to back multiple speculative bets that has facilitated the explosion of the derivatives bubble to ten times the GDP of the world. It should be the collateral of the actual purchaser, but you, the purchaser, are at the bottom of the collateral chain. Derivative claims have super priority in bankruptcy, ostensibly because the derivative edifice is so risky that their bets need to be cleared. “
THIS ALL IS CONFISCATION! SEIZURE! DISPOSSESSION! ROBBERY ATTACK! CONFISCATION OF PROPERTY AND LIFE!
Dear reader, just now in this moments in time you are choosing Trump or AFD or any of this characters.Or Biden or somebody over a 100 years or any chainsaw Miltons circus man. Have you ever heard out of their mouth that they talk about this? Are they going to put the State back on track by repelling this confiscation which is in full swing?
Or are they going to chase some gay or lesbian, some poor immigrant or ethnic cleanse somone or genocide someone else which is definitely the biggest problem we are facing and the real solution?
Mad nutters.