That is the law. I don't know why this is so confusing. I've had people challenging me on this and put air quotes around challenging saying, oh, they would never do that.

Like, well, if they would never pull the trigger, why did they install the trigger?

Now we get to the really interesting part of the great taking story.

If you don't have the senior claims to your own assets, who does?

Hello everybody. I'm Chris Martinson of Peak Prosperity, and today we're taking a deeper, deeper dive into the substance of the claims behind the book,

The Great Taking. We're going to go in deeper because you like to go deeper. I'm a real show-me

guy. I have to dig all the way down to the carpet fibers. If you're like that and you like

somebody to do that work with you and for you, hey, you've come to the right place. Let's take a

look at this now. This is, of course,

the book by David Rogers Webb, who did an incredible service to all of us by penning this

and putting this theory, not this theory, this collection of facts together. And here we're taking

a closer look at those facts. Today we want to look at these things called the senior claims

because, well, remember,

part one we covered, you're not really the owner of your stocks and bonds. What you are instead is a

subordinated claimant and you have a security entitlement. Fancy, weasily legal language that

basically says, you don't own your own stuff stuff because ownership is we covered in part one

which you haven't seen you should go take a look requires the idea of control well if i don't

control where my assets are and if i can't control getting them back i don't actually own them

you have a security entitlements we So we covered that. But above your

claims are these secured creditors. So who are they, right? And how would we know? Best guess,

these are mostly the big banks, the gigantic financial institutions. You have to read between the

lines a little bit. It gets complicated quickly, but very important to know. And the senior claims, at least in total part, they're

...