Download the book as a free PDF at & get Mike's book at What is 'The Great Taking'? Mike Maloney and Alan Hibbard analyze this intriguing book, which offers a sobering account of the potential consequences of the next financial crisis. The authors point to the overleveraged derivatives market underpinned by securities dependent on a strong working class. If the working class falters, it could create a cascading crisis leading to bank failures and a consolidation of assets by surviving big banks. This threatens the “you'll own nothing and be happy“ dystopian scenario. The book also explores the stagnant velocity of money in the U.S. economy, suggesting major underlying issues have been worsening for decades. Overall, it presents a stark warning about the fragility of the system and how ordinary people stand to lose assets with little legal recourse in the next crash. ----------------------------------------------------------------- GoldSilver is one of the most trusted names in precious metals. Since 2005, we’ve provided investors with both education and world-class bullion dealer services. We offer a wide selection of bullion products, private vault storage, global shipping, and easy payment choices. Buy Precious Metals at: Get Free content from Mike's new book here: Subscribe to our channel: Follow Mike on Twitter: Follow us on Facebook: Check out our sister channel Wealthion @Wealthion featuring regular guests such as Jim Rickards, Rick Rule, Stephanie Pomboy, Lance Roberts, John Hathaway, Alisdair McLeod, Simon Hunt, John Rubino, Jim Rogers, Marc Faber and more. As always, thank you for your support. M.
Hide player controls
Hide resume playing