Your Property Rights Have Been Taken in All 50 States. Here’s How to Get Them Back
By Jack McPherrin 1/31/2024 Updated: 2/5/2024In the event of a financial crisis—which seems more likely with every passing day—we could lose everything to the “too big to fail” financial institutions.
Commentary
Spurred by the release of former Wall Street hedge-fund manager and financial expert David Rogers Webb’s groundbreaking expose, “The Great Taking”—and by subsequent research verifying Mr. Webb’s claims—lawmakers in South Dakota have introduced legislation that seeks to protect their citizens’ fundamental property rights.
While sources tell us that several other states are considering similar legislation, this is something that all states must prioritize because this issue completely transcends traditional party lines.
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Important laws in all 50 states have been added to state codes over the past three decades, specifically within provisions dealing with Article 8 of the Uniform Commercial Code (UCC). These laws, drafted and propagated by the influential Uniform Law Commission in tandem with powerful banking lobbyists, were seemingly deliberately designed to revoke Americans’ private property rights—specifically those related to investment securities, such as those held in IRA and 401(k) accounts.
Essentially, the world’s largest financial institutions—quietly preparing for the event of a major financial meltdown—successfully lobbied state legislatures to change the way that collateral is held under state laws.
