You know what could destroy the entire financial system and all of your accumulated wealth?

Derivatives. Yes, we're going to have to talk about derivatives today.

Hello, everyone. I am Dr. Chris Martinson, at peak prosperity. We are continuing with our series, our special series on what is called The Great Taking, which is a book by David Rogers Web. And today we're taking a special deep dive into derivatives because we need to understand them. There's a lot of confusion around them. By the way, a lot of this material is material that I presented to my subscribers over this past year

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it's an awesome thing what we have going on over at peak prosperity so why did I call them weapons of

mass financial destruction well I didn't well that would be Warren Buffett he wrote

derivatives are financial weapons of mass destruction carrying dangers that while now latent are

potentially lethal. And so let's put this in context. Why are we talking about derivatives? How does this

tie into the great taking? Remember, the great taking started with you have these things called

entitlement claims, but then we've said, well, if you have the subordinate claim, the junior claim, who has the

senior claim? Excuse me. And so we figured that out, and that included all kinds of security contracts

and derivatives. So we're going to talk about those more. We still have to talk about, well, what would

actually happen? What would a bankruptcy look like? How would that materialize? We've got an incredible interview with a Dr. Suzanne

Trimbath coming up that helps to explain some of that. That will be coming out a few days after this

episode. So, and then finally, what happens when this magic term financial stability is invoked and that's a whole

another concept and we're going to have to dive into that a little bit more deeply at some point

it because it's a big deal but we did part of that in episode three of this whole thing remember

we talked about this that in the bank sorry in the title 12 code which refers to banking

in sub in section 539, we had here

a certain qualified financial contracts. It says here, rights of parties, rights of parties to contracts,

rights of Goldman Sachs and JP Morgan and Citibank, you mean. And it says, hey, in that section I there, any right that such person has to cause, so no person shall be stayed or prohibited from exercising. Let me start up at the top there. Nobody, no, J.P. Morgan cannot be prevented. Golden Sachs cannot be prevented from any right that that entity has to cause the

termination, liquidation, or acceleration of any qualified financial contracts. So we talked about

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