Description
TL;DR: An argumentative book about dematerialized securities, security entitlements, clearing systems, collateral, bank failures, and concentrated monetary power.
About This Document
David Rogers Webb traces legal and financial infrastructure including dematerialization, security entitlements, central securities depositories, clearing counterparties, safe-harbor rules, collateral management, bank holidays, and deflation. He argues that these systems were deliberately shaped to permit sweeping seizure of collateral during a financial crisis. The book includes an appendix and extensive references, but its central thesis remains the author's interpretation rather than a settled institutional account.
Why Bitcoin People May Care
The book is not about Bitcoin, yet its focus overlaps directly with Bitcoin debates about self-custody, counterparty risk, bail-ins, ownership, and monetary control. Readers get the argument in its full form instead of a social-media paraphrase. Strong claims should be checked against the cited law and primary records; this listing does not endorse the book's conclusions or offer financial advice.
What You Receive
Purchase reveals the verified preserved PDF location for this document.
Document Details
- Title: The Great Taking: Custody, Collateral, and Financial Control
- Author / organization: David Rogers Webb
- Year: 2023
- Language: English
- Document type: Argumentative book
- Pages: 133
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