States Pushing Back Against 'The Great Taking'

More and more states are considering legislation to protect private property rights from a plot that whistleblowers and experts are calling "The Great Taking," explained legendary attorney Don Grande who has been working with lawmakers on the issue.

Speaking to The New American's Alex Newman on Conversations That Matter, Grande described progress in states such as South Dakota, Wyoming, Tennessee, New Hampshire, and more. Grande, who serves as a principal with TruNorth Public Policy, also revealed that powerful special interests including the banking lobby were pushing back hard.

As part of the Great Taking, laws were changed across the United States and worldwide with respect to ownership of securities such as stocks and bonds. In essence, under the new legal regime, those securities can be used as collateral by the institutions holding them, and in the event of a crisis, those who thought they owned stocks and bonds could find out that they actually do not.

Investment banker David Webb first brought the problem to light and is now working with Grande and others to restore private property rights as quickly as possible. While awareness is growing, Grande said more needs to be done. But this legislative session is expected to be a major one for this issue.