David Webb's The Great Taking: How Your Assets Could Disappear Legally Without You Knowing

I Thought It Was Just Another Doomsday Book… Until This

A few nights ago, I was doing some late-night reading on the financial system and the risks it might face. And I came across something I hadn't heard of before. A book. It's called The Great Taking.

At first, I thought it was just another alarmist take on the economy. You know, the type—doomsday scenarios, conspiracies, the usual stuff.

But something about it felt different. This wasn't some internet rant or unhinged blog post. The author, David Webb, isn’t some random person on the internet. He's a guy who spent decades deep inside Wall Street—managing billions, working with hedge funds, investment banks, even former Treasury secretaries.

So, he's been on the inside. And what he's saying? It’s chilling.

The Claim That Shook Me

He claims there's been a quiet, calculated shift in our financial system over the last few decades. A legal structure set up that, if triggered, could allow all financial assets to be seized.

I'm talking about your stocks, your bank deposits, your retirement accounts.

The craziest part? According to Webb, it wouldn’t be theft.

It would be completely legal.

Now that sounds crazy, I know. But the more I dug into it, the more it started making sense. From how our assets are held, to the role of clearing houses, to the language in the Uniform Commercial Code—it all lines up.

So, What Would “The Great Taking” Actually Look Like?

That got me thinking... what would it actually look like if this so-called great taking actually happened? Not in theory. Not in some vague end-time scenario. But in our real world, right now.

So I started sketching it out—how it could unfold, how it might be triggered, and what the average person might experience.

What you're about to hear is a fictional story, but every element in it—the infrastructure, the laws, the loopholes—is based on real things that exist right now.

It's a what if... but maybe not as far-fetched as it sounds.

It Starts Quietly… Like Any Other Tuesday

Imagine this. It's a Tuesday. Just another day on Wall Street. But somewhere in the background, deep inside a back office that most people have never heard of, someone notices something weird.

This guy Bob—he works in IT for a large clearing house. One of those entities that sits between your broker and the actual market. The kind of place that handles trillions of dollars in trades but never makes the headlines.

They're doing some routine maintenance when Bob notices a dormant line of code buried deep in the settlement protocols.

It’s labeled something like “emergency continuity override.” To him, that sounds unusual. So he digs a little deeper.

Turns out this line of code is tied to a series of protocols that were added after 2008. Updated during COVID. And quietly updated throughout their systems.

The language is cold. Clinical. Talks about “securitized obligations,” “systemic interruptions,” and “entitlement reallocation.”

Wait, What? Legally Reassigned Assets?

What does that mean?

It means if the financial system hits a certain threshold of stress—the kind that might trigger a liquidity crisis—your brokerage doesn’t just freeze. Your assets can be legally reassigned.

Think about that for a second.

We've been trained to believe that when we buy stocks or hold cash in the bank, that money is ours. But the truth is... we don't really own it.

The Secret About Your Money That No One Told You

Most financial assets today—stocks, ETFs, or even cash balances—aren’t held in your name.

They're held in something called “street name” under the control of clearing houses and custodians.

You don’t have a deed to your shares of Apple or your index fund.

What you really have is a security entitlement—a kind of IOU that says you're entitled to the value, but not the actual asset.

In an emergency? Entitlements can be restructured. Collateral can be reassigned. And the paperwork's fine print that you agreed to? It allows it.

Everything Hinges On This Legal Loophole

So here’s the crazy part.

Everything David Webb writes about in The Great Taking—all of it—hinges on this one legal distinction.

And in this imagined scenario, the trigger has already been pulled. The system is now on a path that very few people understand and almost no one is prepared for.

That's where it all begins.

Quietly in the background. No headlines. No sirens. Just a line of dormant code waking up.

A Few Weeks Later... The Calm Before the Storm

Now imagine a few weeks go by. Nothing seems out of the ordinary. Stocks are a little bit volatile, but they've been like that all year. The Fed's still giving press conferences. Unemployment numbers look decent. Maybe a little off, but nothing major.

But beneath the surface, something’s brewing.

The repo market starts to seize. Credit spreads widen. A few large funds start dumping assets quietly. Nothing public. No panic. But the volume data tells a different story.

The smart money is running for the exits.

The media? Barely mentions it. Just a few vague headlines. “Little turbulence.” “Some stress in the credit markets.”

The Moment It All Snaps

But then comes the real sign.

A major institution—a multinational bank—suddenly halts withdrawals from its high-yield money market fund.

The reason?

“Out of an abundance of caution.”

And that’s when the professionals start to whisper...

“Is this it?”

Final Thoughts

You see, the financial system isn’t built on money. It’s built on trust.

And once trust breaks... it’s game over.

Want to dig deeper into this theory? Watch the full YouTube video here and comment your thoughts directly on the video. I’d love to know what you think.

Stay curious, stay informed.Thanks for reading, and see you in the next blog post!