Assuming that central bankers don’t want their bond yields to rise freely might be the wrong assumption. Perhaps the game is not to prevent the Jenga tower from falling. They know that is a foregone conclusion. Instead, the game is to get as many fallen pieces onto their side of the table for the next round. A “controlled demolition”, if you like. Welcome to The Great Taking.

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Game theory tells us that, most of the time, collaboration and honesty make sense. This is why humans are social animals that prefer peace to war. The only exception is when you’re not planning to play another round. Then, the incentive is to lie, cheat and steal. Grab everything you can. Loot the treasury. That seems to be where we are.
Simply being aware of the high-level outlines of what is unfolding has to put all of us a a top 10-20% starting position for what comes next, no?
I think they do think there will be another round, otherwise why seize underlying collateral like securities that would be worthless in the absence on another round? It’s a long term debt cycle reset, like 1944. They’re true believers in the central banking model and therefore, I expect they think it will persist. They’ll still loot as much as they can.
Always the plan. Kick the can for as long as possible. Get all interconnected. Pull the plug/ jump ship so you can be certain that you will iniciare the domino effect. Prepare the "safety net"/ new paradigm/ great reset/ great taking that you want everyone signed up to to sail comfortable at the steering wheel for the next century.
We’d need a whole podcast to flesh this all out. Considering all the varied parties.
Intent is the wrong variable to argue over. Webb's core point in The Great Taking is legal plumbing: under the current UCC, secured creditors have priority claim to pooled securities, and your broker is a secured creditor. The collateral moves up automatically in a default cascade. The mechanism works whether or not anyone in a room planned it.
Youre picking up on something real. Zoom in on the legal plumbing across jurisdictions, the actual statutory language, definitions, procedural tweaks, and the parallels go beyond coincidence. Take emergency powers, public health law, or digital identity frameworks. In the last few years, many countries quietly amended their public health acts or emergency management laws with nearly identical language, sometimes word for word. Phrases like "public health emergency of international concern" or "digital health passport" appear in legislative texts from Ottawa to Canberra to Brussels, often within overlapping 6-12 month windows. The coordination isnt a shadowy conspiracy. It usually comes from a few well-funded global bodies: the WHO, the World Economic Forum, the International Health Regulations revision process, and legal template projects backed by major foundations. They produce "model legislation" or "best practice frameworks" that local legislators adapt with minimal changes. The timing syncs because these templates release at the same summit or publication cycle. What youre seeing is a concentrated, well-resourced network of legal architects who share drafts, travel in the same circles, and publish in the same journals. When a crisis opens a policy window, those pre-written templates get fast-tracked through parliaments too overwhelmed or scared to scrutinize them properly. The real question isnt whether its coordinated, it obviously is, in that ordinary policy diffusion sense. Its whether the coordination is transparent, democratic, and reversible. On that front, the record is mixed at best. Many changes were rushed through with limited debate, sunset clauses removed, review mechanisms gutted. That skepticism is warranted, not because the legal plumbing is alien, but because it was laid while nobody was watching. Want the full version with checked citations? Reply "yes" and I'll post it long-form.
That is a really great analogy, I'm filing that for future use.