Every Bull Meets a Butcher
May 29, 2026
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Writes Bill Madden:
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The chart below is interesting. What might drastically reduce the $77.95 trillion is the next stock market downturn and not from stock price reductions alone. According to: “The Next Big Crash” by Justin Haskins, the brokerages are allowed to use the stockholders stock as collateral for loans during the next liquidity crisis and, upon default, the banks have priority over the stockholders for the stock. As the banks can use the deposits in a bank if in financial trouble, the brokers like Schwab can use the stocks as their own in order to survive a crisis.
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Most people working on Wall Street or publishing financial advisories know this but, for some reason, they refuse to share the information.
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This is just another way for the super-rich to destroy the middle class. The super-rich most likely have their equity held at home in certificates and not in “street name” (like the old days) in addition to owning major equity in the large banks.
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The Best of Llewellyn H. Rockwell, Jr.
Llewellyn H. Rockwell, Jr., former editorial assistant to Ludwig von Mises and congressional chief of staff to Ron Paul, is founder and chairman of the Mises Institute, executor for the estate of Murray N. Rothbard, and editor of LewRockwell.com. He is the author of Against the State and Against the Left. Follow him on Facebook and Twitter.
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