“It’s a Fraud by Design”: Brokers, Fine Print, and Pension Collateral

Donate: 🙏 https://www.buymeacoffee.com/slobodnipoI Patrick argues the architecture is intentionally opaque: even major players often don’t grasp the full chain of custody and collateral rights. He claims the “ownership” most people think they have is undermined by agreements buried beyond the retail broker contract — especially in the relationships between brokers and central depositories like Euroclear. He adds that it’s not only stocks and bonds: he says pension funds can also be used as collateral inside the same system. Full episode: https://www.youtube.com/playlist?list=PLJTy3oXCzHShsVuJ-zfiGnx96nuR-BNWB WEB: https://slobodnipodcast.hr/2025/03/09/slobodni-podcast-106-james-patrick-veliko-otimanje-the-great-taken/