The Great Taking – all securities at risk?

The prologue comes off as scatterbrained and emotional; I suggest skipping forward to the introduction. Author is a former securities manager whose basic thesis is that international harmonization in securities trading has led to the creation of a superclass of secured creditors who have first call on all assets in the event of a credit crunch, to the detriment of retail investors who are relegated to the status of unsecured creditors. Author argues that the financialization boom of recent decades is essentially a covert wealth transfer scheme in which title any assets you don't have physical custody of has essentially become meaningless, and that supervising financial authorities can reallocate title by fiat.

“a book written about the scheme of central bankers to subjugate humanity by taking all securities, bank deposits, and property financed with debt.”

The book appears to make a compelling case (using excerpts from recently updated national securities regulations) that “ownership” of securities has been systematically subverted on a global scale.

If incorrect, relevant law should be simple to cite. If correct — then it indicates an extremely worrisome development.