956: Is The Stock Market One Big Scam?

Brian Nichols  0:00  
Instead of focusing on winning arguments, we're teaching the basic fundamentals of sales and marketing and how we can use them to win in the world of politics, teaching you how to meet people where they're at on the issues they care about. Welcome to The Brian Nichols Show. Hello Folks. Brian Nichols here on The Brian Nichols Show. Thanks for joining us looking forward to today's fun filled conversation.

The Brian Nichols Show is powered by our phenomenal sponsors, amp America. Get the news you need to know that the corporate media bias or fluff, and also The Brian Nichols Show powered yes by cardio miracle, the best heart health supplement in the world. If you want to learn more about how to lower your blood pressure, lower that resting heart rate, while improving your pump at the gym, stick around. We're going to talk more about that later in today's episode. But first, what is the great taking? Let's talk about that. CBD sees. What is the Uniform Commercial Code. How is this all impacting finances? Behind the scenes, this is all over my my pay grade. So I need some help today to join me discussing all that and more. Joining us here on the show is James, Patrick, welcome to The Brian Nichols Show. How you doing? Yeah. Thanks for having me. Great to have you, James, looking forward today's conversation. But first, do us a favor. Introduce yourself here to The Brian Nichols Show audience and what is this great taking we're talking about today?

Speaker 1  1:24  
Yeah, I'm a filmmaker and investigator and economist and working on this, this issue of, I make documentary films to basically give people a high level understanding of of this, you know, this sort of, some of this conspiracy world, the plotting, all this intrigue, the fact that, you know, like, what in 2020 I felt like I made the film planet lockdown, because it's like I heard all these stories for years, but then, you know, felt like every conspiracy theory came true in 2020 so I'm just basically giving, like, credible, high level, high quality expositions of these issues, getting dignitaries around the world to talk about these controversial issues. So this great taking issue is really the biggest financial fraud story I've ever heard of, I think, in known history, where basically everyone's stocks and bonds when you buy them, since the 70s, really, you're you're not well, well, since the 90s, when they changed the code, you don't no longer have clear title, full legal ownership of your securities. And since before that, since the 70s, the banks have been using and playing with everyone's assets, everyone's stocks and bonds that they invest in for their own gain. Posting, posting these assets is, is collateral basically backing to activate these bets like derivatives contracts, bets that, bets that the price of the dollar will go up, the yen will go down, gold to go up, oil will go down. These are all called derivatives contracts. They're derived from the movement of something real. So the contract doesn't actually involve an exchange of the real thing, but it's based on price movements of the real thing. So they call them derivatives, but I can just call them bets for for simplicity sake. But basically this, doing it, doing a doctorate and writing a monthly report on this for people understand. But basically from bankers I talked to, I said, When did this practice get to be really large scale? And they said, really, in the 80s. And so the first step was in 73 they started to pool all this pool, all the stocks and bonds in one trust in New York, called deposit trust clear incorporation. So they called that de materialization. They they got rid of the paper certificates and said, Hey, let's keep all the stocks and bonds in one massive pool. Then from there, in the 80s, the bankers started dipping into all the stocks and bonds and playing with them. In the 90s, they legalized it in the Uniform Commercial Code and created a sort of legal justification for what is really a fraud. So, yeah, you got me, follow me till till now. And

Brian Nichols  4:05  
by the way, like I the reason I'm letting you go, because this is so dense for your average person, right? And we talk about this in the show a lot meet people where they're at and the issues they care about. Ding the average person is just told from the start, like, hey, invest in your 401, k, right. Do some investments in the stock market. You're gonna be fine. This is how everybody does it, right? But we don't really go beyond that, right? You're told this is the right thing to do, and nobody takes a step back to say, help me understand why? Why is this the right thing to do? And it turns out that a lot of it just feels like it's a one big casino game that we're all playing, whether we realize it or not. Is that fair?

Speaker 1  4:45  
Yeah, I mean, the stocks and the market prices are casino games, but they're, they're, you know, they're, they're affected by these derivatives. So a lot of markets are manipulated through these derivatives. And you know, the price of gold, like, like on the New York. Stock on the New York gold bullion exchange. They they price the the value of gold based on the the which month over the next 12 months has the most amounts of trades in gold. So they can use other people's money the biggest banks are printed out of nothing and bet on gold and drive the price up or down artificially. Wow. So I think a lot of the market is already artificial, artificially driven. That's a whole other other issue. But this, this issue is really that number one is, is like, is this fraud of of the biggest banks? It's essentially the members of DTCC that are using everyone's stocks and bonds, their clients assets, is as collateral and derivatives. But it gets worse. It's not just like, oh, we used it once. It's like, it'll get swapped up into one contract where they'll say, Oh, well, trade, trade this one stock for a Treasury, and then it gets posted as collateral again and again and again in the what they call these collateral chains. So,

Brian Nichols  6:03  
I mean, and James, I mean, interrupt, but like this. This brings me back to when I was a kid, and I'm going to use a really silly example. But Pokemon cards, right? You know, you get a here. This will make all the millennial, the millennials, happy, because I'm going way back to the 90s and 2000s you get, like, a, you know, an energy card, a little energy card, and you start to trade it with somebody, Hey, let me trade that for your bills, computer trainer card. Then you trade that for Hey, let me get trade for a basic Pokemon, Ratatat. And then all sudden you start trading back and forth. And all sudden you end up trading down this progression where I end up with a Charizard card, which, for folks playing on the home game, Charizard was like, one of the most sought after cards ever. And by the way, it's like, worth 500 bucks now on average, right? But that's what it feels like, is that you're just trading and trading and trading, but there's no real value, I guess, associated to where you started to where you're going. It all just feels like

Speaker 1  6:56  
a shell game. Yeah? It's like, well, they created this kind of, like ethereal finance industry, of all these instruments, all these bets, all these things that is so dwarfs the real world that it threatens to destroy the real world if there's a problem in that area. So when you, I guess, just to kind of take it back to this issue of the using everyone's stocks and bonds on these bets now, because they were able to use everyone else's money, not their own money, they've gone more crazy. And there's been a big bubble, a big explosion of use of the collateral, abuse of everyone's stocks and bonds, posting them to these bets again and again and again, and sometimes up to 20 times, 20 times, 20 derivatives contracts, collateral chains of again and again, again and so. So the main So, okay, so just in 1994 the there was a revision of Article eight of the Uniform Commercial Code. Uniform Commercial Code was just kind of a standardization, to standardize laws of contracts between between states. So if states didn't have different laws for things, there could be some uniformity. And it was founded in the late 1800s and it was largely okay. I mean, it was a pretty good thing, but this is an area where these banking interests have kind of corrupted it and inserted laws that are that are legalizing this fraud. And so they did two things in this 1994 revision of Article eight, and basically this film, I did stop it. The great taking is about a legislative the legislative effort to stop this and correct the Uniform Commercial Code. So I'd like to stress that people can do something about this. We all need to look up our state representative and call them on the state level and say, We need this fix. I need clear property rights to my own life savings, my 401, K. I mean all the state's assets, every every pension fund, every hedge fund, mutual fund, 401, K, pension plan. These are all wrapped up in in this so in 1984 when they revised article eight to legalize the use of everyone's stocks, they did two things. One is they switched clear. They said you're no longer the clear owner of the stock. You're now a contractual claimant on the stock. You own a you own a securities entitlement, your securities entitlement holder. So this significant to that is you have all the beneficial ownership. You have all the benefits of owning some the stock. You can vote. You get the dividends, but you're not the minus the legal title.

Speaker 2  9:23  
You will own nothing and be happy. The legal title is actually

Speaker 1  9:27  
residing with the the central security depository, the DTCC deposit trust, clear incorporation New York, this, this pooled trust that warehouse is all everyone sucks. They they really are the honor, and then they can legally allow their members to to play with the assets which this is totally criminal. I mean, it should not be allowed. The second thing, the second thing the uniform the 94 revision did, said the secure creditors of those derivatives contracts have priority to take the take the stocks in the. Of the failure of the contracts. So if the if all they go and bet, bet these things 20 times over, and if all these things fail, whatever creditors of the contracts have a priority to take it ahead of the underlying owner. Holy

Brian Nichols  10:12  
cow. Okay, now, now, James, this, this is just like, Okay. This is 30 years of this happening. So my main question is, how has this gone so unnoticed for so long. I mean, you highlight in the documentary, you know, like, Where's all this collateral coming from? Like, talk to us about that. Like, why do you think that there's been such a blind spot when it comes to, like, the media, the financial organizations? I mean, heck, academia. Like, why? Why is nobody talking about this? Besides you?

Speaker 1  10:41  
Well, from what I could tell, because I'm doing a doctorate on it, and like, talking to people in the industry and stuff, and from what I've seen, is there the people in the finance industry, at the highest levels, they they are, they are aware of it, but they know, like, a piece of the story. They know like, Okay, well, yeah, the client's assets are being used. They don't really know about all the legalese involved with it and and some of the broader structural things and the implications of it all. So we really need to credit David Webb for for uncovering that as a really high level investment banker, Warburg Pincus, later, he made his own hedge fund, then he basically retired, and then he spent 20 years researching this and put together the pieces of the story into one coherent narrative. So when I was asking around the bankers, hey, is this true? What he's saying is, have you heard of this thing? I started hearing things like, Well, yeah, yeah, we have been doing that. And, well, when have you guys been doing this? When did this get to be really big? Well, you know, how long have you got? When did really, using everyone sucks and bonds really take off, you know? And they said, well, in the 80s, it did. In the 80s it was like, whole hog. So it's like, so I think David really puts his story together. But now it just, it needs to be properly communicated to everyone and explained in simple language. The average person needs to understand this. And sort of, that's where I'm coming in here to help get the story out more well.

Brian Nichols  12:13  
And James, you mentioned in the documentary, there's a like you, I think you use the example of medieval, medieval castles, right? And you're talking about, like, how they use citizens as their shields. So like, is that, is that kind of the comparison, like for historical context, or is there a way to break it down even more from what we've seen in the past,

Speaker 1  12:33  
David was using that analogy in the sense that your your your broker and your custodian, who you buy the stocks from, they they only have a bookkeeping entry to say Bob owns these stocks, and they're not. They're actually legal. They're actually housed up at this central securities depository at DTCC in New York. So it's more

Brian Nichols  12:53  
so that right there just to confirm so that is more of a call. It an IOU. I'm just using that very rough example, but it's a piece of paper claiming ownership of something, or I owe you something, but well,

Speaker 1  13:04  
you're kind of you. This the underlying when you buy a stock, you're buying a contractual claim on a stock. Your broker and custodian just just, they only have the record that it's you who owns it. Up the decentral securities depository, there isn't a record of you.

Brian Nichols  13:19  
Raj, okay, so up there, okay, this broker

Speaker 1  13:23  
you're dealing with, they have a record of that, that entity's account at the DTCC, but DTCC does not maintain a record of the individual client. And it was structured like this to create a little Chinese legal Chinese wall barrier. So, and they put in the code too, you cannot sue DTCC, because DTCC is the one committing this fraud. They're the ones that should go to jail for doing this. But they wanted to stop you from the individual customer, from being able to sue them. So they created this legal barrier saying you can only sue the broker. You cannot sue so when this market collapses and all the assets go and all these biggest banks sees them all. We're going to be left with all these with with all these empty accounts and suing all these brokers. And the brokers are going to, they're going to be up shits Creek. They're going to be facing all these legal cases. And in the way the law was written, it's sort of like, it's, it's like, there's, there's no one there to sue. They, they tried to set it up so they legally use. No recourse you have, but we need, if we recognize this, we can fix it and undo this thing a little. So the analogy he was saying, He's saying the little finance guys, the little financial services guys, the brokers, the custodians you're buying these stocks from, they're, they're the medieval villagers invited into the the castle keep, and the Lord is the too big to fail bank playing with the stocks out of DTCC and the bankers when we've been for introducing these bills in these states to correct the ECC code, to restore the to basically, yeah, to fix this, the big bankers have called in the finance financial services associations, the. The brokers associations and all these people and kind of presented it to them like, look, you know, we're on the same team here. They're attacking this law. Would screw up the system. It'd be bad for all of us and But David's analogy is saying, Look, this is, this isn't. That's not. That's not how this this works. You guys are going to lose you're going to lose out. You're the ones that are going to be left holding the back. Holding the bag. You're going to have all these angry clients calling you up, suing you, and you're just, you're just the idiot that's going to take the flack for for their crimes. So that's what that analogy is means, you know,

Brian Nichols  15:36  
okay, so, and I'm not sure if I'm doing an accurate comparison, I mean, it's not going to be a one to one compare. One to one comparison, but I'm not sure if folks are familiar with there's that movie from 2019 2020, somewhere in there is the Big Short with, uh, with Steve Carell. Is this? Is this on par with what we saw there, where they were basically, I mean, they were creating these, these crappy mortgages for for folks who could never pay them back, and they didn't care, because they were going to be backed by the federal government regardless. I mean, is this, I know it's not one to one in a comparison, but is this on the same scope and scale of what we saw there today, or is it even worse?

Speaker 1  16:17  
I mean, that's, that's a part of the finance industry. They were, they were just got, they got a little while repackaging mortgages. They'd take a mortgage. I think since 80s, they used to be one bank would, in one house, would give a loan, service alone maintain the loan, and you deal with one year local bank for this course of your entire 30 year 10 to 30 year loan. In the 80s, they started to securitize them to say, Oh, well, one bank will issue the loan, then they'll sell it to another one, and then then you'll, you'll, you'll have these different specialized sectors of the industry that would deal with different parts of it. So that that gradually started to happen more and more and more the securitization and repackaging these things, and have different specialized firms do the servicing, Do this, do that. So you'd get a loan from one guy, but then you're dealing with like entities resold again, and now you're sending your payment into a different company. I'm sure a lot of people,

Brian Nichols  17:10  
and by the way, like people see this with like student loans right now, that is com, like, very common. My wife got a letter, like, a year ago, like, Oh, your loan has just been acquired, by name the entity there. She's like, Oh, okay, sure, I guess I'm paying this company analysis. Yeah,

Speaker 1  17:25  
it's weird. It's a little weird, but so that's had an effect to this to kind of like, I don't know. It's distributed. You're not dealing with any real person anymore. It's just this faceless like commodity being shuffled around. But anyway, so just the industry has gotten a bit like that. But that's the problems that cause the 2008 crisis are, are still with us, and they're in their their worst now. I mean, they're, they're they're deeper. We've really had 30 years of bubbles. I mean, we had the.com bubble in the late 90s that that got reinflated. We had the 2008 crisis that got reinflated. We've had ones in 2014, 15 issues then that got reinflated. So most financial advisors are not, they're not they're looking, they're looking at an artificially reinflated market for 30 years of bubbles constantly inflated. We've never had the real correction right where the prices go collapse, or go down to what real customers can afford, the central banks and other things, they keep pumping in more money. So, yeah, we're potentially on the on the cusp of of a bigger collapse that would go they could go far deeper, if that's what the guys at the top. Want, I mean, this thing could be unraveled peacefully. We could just, we could be adults, do the mature thing, unravel these crazy bets, and then and then, and have a peaceful resolution. But if history is anything, we notice that, if we learn from history, we'll see that a lot of times, oligarchs use crises, crises to to forward their interests, to get more reforms, they say, Oh, it wasn't our fault, you know, it was a systemic issue. It was structurally not, you know, we need these, these reforms, and then they get more power and more power. So now, now we're moving into this kind of technocratic thing. We got CBD, CS being developed. The next big financial crisis could be used to really foist a very, very malicious reform of our of our money system. You know, we see Elon Musk running around promoting universal basic income. For years. He's been promoting that that CBDCs are very linked to, to welfare payments to gal the people into accepting them. So this is a very you know, we the UN has these silly initiatives called like C 30 mayors in 10 cities or more around the US saying, Oh, we're gonna have three pairs of clothes, live 15 minutes from our house, have one vacation every two to three years. I. And not needy. Not eat meat milk or meat or dairy. So they're talking about a poor world where we're peasants, we're on welfare payments like that's we're much richer now than that. We're in a richer society than that. So it sounds ridiculous, you know, but a lot of the things the UN has said for many decades to sound ridiculous, but then with COVID, they all got teeth, and they're, they're pushing these crazy regulations down our throat. So I think we should listen to what they're saying, even if they sound like lunatics. Because this is, these are plans, some somebody's cooking up and and if we got now, we now, I found out about this, this securities issue, this massive collapse, they have the right to take all the assets, and then we see them talking about a poor world, or little peasants. I think let's put two and two together and say, Look, you know, this is, this is potentially the plumbing, the engineering of how they want to collapse. It. Take the assets, make us presents, put us in the cbdc, and then you're getting a more coherent story. You know? Yeah.

Brian Nichols  20:53  
Well, and somebody tells you who they are, believe them, that's what I've learned. Now, let's make this very real for people. James, so for the average person who's listening today, they have 401 Ks, they have IRAs, they have brokerage accounts rights. I mean, what's at stake for them? And let's break this down, like, to the average investor, like, how was this going to impact their immediate financial future, their long term financial futures? And I guess, in what kind of event could their assets here be at risk?

Speaker 1  21:23  
I mean, the whole account, the whole fund, all their investments, just gone. Wow. Could get, could get taken as collateral and and you could maybe sue for them, but really, you wouldn't really have a legal right to get them back. It's

Brian Nichols  21:36  
bonkers. Holy cow. You mentioned, by the way, that there are folks who are starting to try and fight back. And I think there were some legislative efforts. I think it was in South Dakota and

Unknown Speaker  21:46  
Tennessee, if I remember correctly, yeah, 2024

Brian Nichols  21:50  
Yeah, that's right. So talk to us about that. Like is, is there actually some groundswell to correct this? Are we going to see things hopefully get better?

Speaker 1  22:00  
Well, I mean, citizens were, I mean, Glenn Beck did a piece in 2024 and a lot of calls went into South Dakota, and the Tennessee people put pressure on the state representatives. That's how that happened. Unfortunately, in 2025 we haven't, we didn't really see people call their state rep. So that's what I'm really kind of pressing people. Now you need to call your state representatives and inform them that this is an issue. We there. There's a league, there's a lawyers in place. We have that will write the bills for the representatives. I'm available to help explain it. These lawyers are available to help explain David is available to explain it, to testify. I mean, there we we have everything in place. We have all the support, technical support to get, to get bills introduced and passed, but we need people to really give a shit that they're going to lose their money if they don't, and that this is really a matter, that this is a pretty dire matter. I mean, a financial crisis is sort of on the horizon. I mean, I think most advisors know that, but that people need to appreciate the risks that are, that are that come with that if these derivatives spiral down in price, the way they work is, when you make a derivative, you have to put down initial margin. They call it like you put you got to put some cheese down, activate the deal. And then if the if the contract goes in your favor, you make more money. The other side of the contract has to post more collateral. And then, and then you win. If it goes against you, that they take your initial margin, the money you put up to activate the deal, and they say, Hey, if you want to keep this alive, you got to keep putting up collateral. But the way this got structured, the way the system is structured now, a lot of this stuff is automated, and so I'll get a little more technical here, but when in 2008 crisis, these bastards use this, this crisis to create another institutional null layer above the central security suppositories called central clearing counterparties. They were like all these mortgage backed securities, all these derivatives, they were so risky, they created such a systemic issue. Why don't we constantly? Why don't we make all derivatives contracts have to be cleared through these centralized entities called Central securities. So called Central securities, central clearing counterparties. So the regulators, by totally out of nothing, just made these new entities. The big ones are owned by DTCC. And so when you when you do a conservatives bed now there's nobody on the other side. The only the central securities depository, the central clear encounter parties, are the other side of it. So they said, Oh, well, to prevent market risk, we need to force all the contracts through these, these monolithic institutions. But then that's creates even more risk, because you're, there's, it's not just like, oh, one. Guy's deal failed, and one guy went bust. Or not everybody, it's everybody. So and this, and they didn't fund them properly, they said, We haven't planned for collapse, or what if there's big collateral calls and the CCPs fail, there's Bank of International Settlements documents, the only internal documents of the central clear encounter products say, say they haven't been planning for a failure, but, but the DTCC is funded replacement ones to spring up after they fail. So it's like, if you start watching, this is what I get into in these reports. Is like, well, if you look closely at what they're doing, they're, they're planning for the failure. They they want it to happen. They've, they're underfunding the CCPs. They're, they're, they're, they, instead of funding it more, they've pre funded a replacement. So what it appears like is there, it's this. The purpose of the central clearing counterparties is to is to facilitate the collapse of the markets in a clean, controlled way, legally, and you can collapse the CCP, reuse another start using another one. All those contracts go bad, and all the secure creditors of these chains of contracts get to take everyone

Brian Nichols  26:12  
Good grief. Well, how about this? James, I know, and by the way, folks like

Speaker 1  26:16  
I know complicated. It's just Oh no, no, no. This is

Brian Nichols  26:19  
awesome. But I'm just I'm setting the stage for the audience. We are trying to bucket tides, an hour and 46 long documentary into 30 minutes today. So if you want to learn more, right, dig really, really deep here. I cannot recommend enough The documentary is Stop it, the great taking. We'll include the link over to the YouTube here in the show notes. But I mean, James, the real, the real, I guess point for today is, I want to, I want to get a call to action,

Speaker 1  26:45  
right, more technical than these in the film, what I'm saying, you know, no,

Brian Nichols  26:49  
and then, by the way, this is good, because my audience they, they like to know the the why behind the, the what's going on. So, yeah, how about this? For those folks who they're listening today, they say, Okay, I see it. There is a very real problem. I understand the mechanisms of why this is a problem, but now what? What is the call to action? What can people do today? Right? Specifically with this information? I mean, I think it's very it's very normal for your average person to almost feel like borderline helpless here. But, I mean, this isn't a partisan issue, right? Like this is, this is a just, this is impacting everybody. So what can we do? Because in the world right now, just again setting the stage, we are at a very, very like, heated moment in our history. People are just battling non stop from ideological lenses. So how can we help this bypass that perspective really hit people you know, like, this is real. This is impacting all of us. Doesn't matter if you're a Democrat, Republican, progressive or libertarian, or any of that in between, like this is going to hurt everybody. So what is the definitive call to action today?

Speaker 1  27:52  
It's to call your state representatives and demand, demand this be fixed. And the way the UCC code article eight was written, it says, like, entitlement holders have priority. Entitlement holders have priority except all the time when they don't, or they say, your property rights, your property rights except all the time when you don't. So the the legal strategy we've taken is just to strike these exceptions. And it's a very clean, elegant way to do it. It's it still keeps this whole system in place. I mean, it really should be reformed in a broader way, but, but just very, this is a very quick, easy way to do it. And then it puts the bankers on the defensive. They have to go argue why they why they need the exception to screw you. You know, so. And then, by the way, really,

Brian Nichols  28:32  
really quick, James, what is their argument? What do they say? Is the argument to screw us?

Speaker 1  28:37  
Well, they, they, they don't directly address the issue. They, tried to say, well, it's a conspiracy theory. It's not true, but that that that that angle didn't work, because it's right there in the code. We could say it so. So they go, Okay, well, then they say, they argue on these hearings. They say, Yeah, well, you know, this would stop your ability to have a margin account. They introduce another issue that's not true to confuse and befuddle the matter. So they say, if you, if you struck these exceptions, you would not be able to use your stocks with your broker to bet, to speculate on other stocks a margin account to say initial you know, like I said, when you make a derivative, you do initial margin. So some, sometimes, if you want to, you can bet on socks with your broker and say, Well, I got 10 Apple shares. Let me post them down and I can bet, bet on to buy five in the market. So if you lose the bet, they'll take your initial margin. So they, they introduced that saying, Oh, you, oh, this would actually prevent customers from having margin accounts. That's total nonsense. If you if your property rights were more secure by having a clearer title, legal title to them by amending this the way we're proposing, then, then your stocks would have a have would be better collateral to be posting for a margin account. It would not prevent you from having a margin account if you would have any even stronger. Longer collateral to be posting, because it would be clearer title to it, you know. So the argument is nonsensical, but, but because of the, because of the complexity of this, or how unfamiliar most people are with this, they're able to sneak these little arguments through. And frankly, you know, in Tennessee too, they sort of, they also threaten the state a bit. They were like, if you guys pass this law, we'll refuse all financial services to anyone in Tennessee, which is really racketeering. So that's yeah, because they're like, Oh, well, the system won't, you know, it's not set up to deal with this. Well, we'll figure it out. I mean, for real, hear this to provider making, you know, figure it out like and then for them to say we're going to refuse services. Pretty ridiculous, yeah, um,

Brian Nichols  30:49  
all right, so, so I'm sorry to interrupt your, your call to action there. So it is, it's to get involved,

Speaker 1  30:55  
yes, to call your state rep and say, I heard about my my savings is Everest. We need to do something about it. Now you could. Because if this crash occurs, the whole society is screwed. You know, you're not going to live in a world you want to live in like we got to fix it now, ahead of this if, if you can save your ass and buy gold and and but get physical share certificates from the broker, then they're not in this de materialized form being used like that. You can do things like that, but, but again, in a generalized collapse, you're still living in a Mad Max environment. You're not in a so we the What's at stake is so big here. I think people gotta do something about it. We need to stop it. You know, that's why I called this. Don't stop it, if you'd like to understand things better. I'm selling this report, the great taking report.com and also the great taking report.com I have a list of all the hearings. I put all the hearings in the full interviews and stuff, but you can also see the film on my YouTube channel, big picture. James Patrick, so the great taking report is a more detailed report that's also free for legislators. But I think people need to understand that they are going to we really gotta do something about it. It's not a big deal to call your state rep. Put in a phone call. These people are very accessible. I'm from Washington, DC, and the Federal congressmen are totally corrupt. They have no time for people. The your state representatives have the time they listen to you. You know they take the time. And if you're having trouble understanding this, like, there's true north public policy.com These are the lawyers that that will write the bills. It's in the description of that of the film there. So we got everything in place here for people to do things. It's all ready to go. There's the film you can watch. Call your look up your state rep, though, I think there's a link to look up your state rep. Call them up. Say I heard about this issue. We got to do something about it. And then we have legal team in place that'll write the bills for the state reps and do something. But if that's not done, you know, we're we're pretty much screwed here. I don't think if everyone lose their life savings, it's not, I don't know if I got this other diagram to explain this, but basically, there's, there's, like, about $130 trillion of securities of in US and EU, and there's now almost a two quadrillion dollar derivatives market. Wait, what was that number? Two quadrillion dollars? That sounds like a lot of lot of dollars there. James says one 30 trillion. Between us, in EU, it's there's Euro clear in Belgium, they house all the securities. And in the US, it's in EU, it's Euro clear in us, it's DTCC in New York. And between the two, there's about 130 trillion of securities. Often securities off of that is made to two quadrillion of derivatives bet. So we're going up 1520, to one up. Now, the thing is, if that derivatives, it's like an upside down pyramid. If that thing collapses, then the scam is to sweep the collateral base, the all the stocks and bonds that have been used to prop that up. So that's the scam. There.

Brian Nichols  34:06  
There you go, folks, that doesn't give you the warm and fuzzies. I don't know it will. Um, okay, James, I know we're over time today, so I thank you for for joining us. And folks, this is your homework. I want you to go over to YouTube. I know I don't say that often, but I want you to go over to YouTube and check out. Stop it. The great take, the great taking documentary. It's got James and David Webb here, going through this in hyper detail now. And to James's point, we actually went a little bit more behind the curtain today, which I appreciate. So thank you for that. Now, James, with that being said, with my call to action, my final thoughts beyond going to YouTube is folks get, get involved in your finances. Don't just have your money go to this random account and say, Oh, it's all good, because it's not. If you're not paying attention, somebody else is because, yeah, what's the expression word speak, but money talks. I think that's, you know, something along those lines. And your money is definitely talking, but to them saying, Hey, we can start to make this, you know, little a little bubble, and that bubble turns into a bigger bubble, and that bigger bubble turn. Into what the biggest bubble? How many two quadrillion dollars? Holy Hell, that's a lot of cash. So with that being said, No, James, thank you for helping raise awareness to this. Your sound of the alarm, canary in the coal mine. Whatever you want to say. But with that being said, James, beyond following over on YouTube, where can folks go ahead and reach out to you? Beyond social media, where's the best place to reach out.

Speaker 1  35:22  
They can email me at info at Big Picture Dot Watch, or info at the great taking report, or at the cbdc film. Cbdc, the end of money.com. Yeah, big picture, Dot Watch. You can email me at info at Big Picture Dot Watch good stuff.

Brian Nichols  35:36  
Alright, James, we're going to go ahead and go ahead and say goodbye to the audience today. So folks, if you got some value from today's episode, do me a favor. Go ahead and give it a share. When you do, please tag yours truly at B Nichols liberty. You can find me over on X, on Facebook and over on Instagram. As for The Brian Nichols Show, we have the show air in both video as well as audio formats. So for video, you can go ahead and check us out over on YouTube, on Facebook, and by the way, we live stream our episodes every Monday night and Friday nights at 8:30pm Eastern. So you can go ahead and check us out over on x and on rumble for those live streams. And then if you want to listen to The Brian Nichols Show on the go, head over to your favorite podcast catcher, find us over on podcast addict on Apple podcast Spotify, YouTube music, wherever it is you consume your podcast, hit that subscribe button, and oh, by the way, we have over 950 episodes here of The Brian Nichols Show, going back to January of 2028 and the podcast version of the show is the only place you can catch all 950 plus episodes. So hit that subscribe button. Download All unplayed episodes start from the beginning. I guarantee every episode should leave you feeling educated, enlightened and informed. And with that being said, we're going to go ahead and put a pin in today's conversation. Brian Nichols signing off here on The Brian Nichols Show for James Patrick. We'll see you next time.

Unknown Speaker  36:48  
Thank you. Bye.

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