Guest
David Webb, author of “The Great Taking,“ in conversation with Eddie Hobbs, discusses the alarming vulnerabilities in the global financial system and how your investments could be at risk. Expect to learn about the legal changes that have quietly transformed property rights in securities, how banks can use pooled client assets as collateral for their own trading, and the explosive growth of the derivatives market. Webb explains the concept of “entitlement holders“ versus direct ownership, and how central clearing counterparties concentrate risk in the financial system. This eye-opening conversation explores the historical roots of these changes, dating back to the 1970s, and the coordinated efforts to implement them globally. Webb shares insights from his testimony before state legislatures and the pushback he's encountered from the banking lobby. Get in touch: X (Twitter): Newsletter: To engage with Eddie on personal or corporate financial matters, send him an email at eddie@. Eddie Hobbs heads up Hobbs Financial Practice Ltd, a private client advisory firm that specialises in strategic positioning of personal wealth. Hobbs Financial Practice Limited is Regulated by the Central Bank of Ireland. Tags: Digital systems, Sweden, Finland, global wealth, GDP, derivatives market, public collateral, legal changes, pension funds, Central Clearing Counterparties (CCPs), systemic risks, banks, secured creditors, financial crisis, documentary, dematerialization, Uniform Commercial Code (UCC), entitlements, DTCC, Euroclear, Clearstream, legal certainty, banking lobby, civil unrest, public policy, financial control.
