By the way the effort to minimize this usually starts by trying to count every dingy as a slave ship and using those numbers to say they didnt own most of the ships.
actually they owned almost all the huge ships responsible for 90% of the slaves and the ones they didn’t own they usually financed using the slaves on board as collateral for the loans.
another interesting aspect of slavery and people who owned them such as Thomas Jefferson is that Jefferson had a mortgage on his farm which he couldn’t pay off. The mortgage had as its collateral THE SLAVES HE OWNED as well as the land. Thus Jefferson COULDNT FREE HIS SLAVES because they were collateral for his loan.
Just like you cant sell the garage attached to your house if you have a mortgage on the house.. jefferson and others couldn’t free their slaves because the bankers had used those slaves as collateral for the farm loans.
you cant.
at least not cash. if you went to your bank and asked for $3000 cash they may not even have it. You might have to tell them ahead of time.
even if they do they will ask all kinds of questions about why you want it.
kekcoin is traded here https://crex24.com/ but it will not accept USA IP addresses because our SEC has regulated crypto out of the USA just like they US government gave the drone business away to china by over regulation.
i think it was zerohedge that mentioned they thought it might be the background clearing houses that were about to collapse and that would take huge parts of the whole system down.https://www.zerohedge.com/markets/robinhood-caps-maximum-holdings-36-stocks-just-one-share
"And as a postscript, while we expect that the turmoil will be contained at Robinhood, whether in the form of new capital infusion, a takeover, or bankruptcy, there is the possibility that the liqudity shortfall goes as far as the clearinghouses. What happens then? Below we excerpt from a monthly letter written by Horseman's Russell Clark who had a good recap of "what if":
Pre-financial crisis, banks and clearinghouses were part of one big and messy system. Banks mainly traded with other banks as it was cheaper, but every now and then they would trade through a clearinghouse. There were two types of trades. Circular trades, which are trades where each bank has a position, but the system has a flat position, and directional trades, where the system would match up buyers who wanted to take a view on future movements of financial markets. Directional trades are more dangerous; risk will be less evenly distributed as it will have no offsetting trades.
When Lehman went bust, LCH, the biggest interest rate derivative clearinghouse, found they only needed one third of the initial margin to cover losses. This encouraged regulators to move clearinghouses to the center of the financial system. However, this has caused two big problems.
Firstly, clearinghouses have no real "skin in the game". They act like a bookie, that takes bets from punters, and transfers money from winners to losers. But how much risk should they take? What is the correct level of initial margin? Clearinghouses used to piggyback on bank's risk measures, but without banks to guide them, how should they set risk? Clearing houses and regulators chose to use a backward-looking model, with risks set from market data from between 3 and 10 years in the past. This has caused the markets to have a built-in momentum model which amplifies cycle both ways. Hence, many of the normal trading rules don't apply. There will be no signs of problems in the market until right at the last moment. Markets are no longer discounting mechanisms and have become more akin to momentum models.
Secondly, banks are now deeply capital constrained, and at the start were very reluctant to move old trades to a centrally cleared model. This problem was resolved through a carrot and stick approach. The stick is uncleared trades carry a capital charge, and the carrot is that the exchanges offer very attractive "netting". What netting means is that banks can give details of all their trades to a third party, and any circular trades can then be netted off thus requiring less margin. LCH claim to have done a quadrillion of compression trades or netting in the last year, this is more than twice the notional of all outstanding interest rate derivatives.
The problem should be apparent. Clearinghouses were safe because, if there was a problem, the circular trades netted off on settlement. But by aggressively netting off at the margin stage they are no longer as safe. In fact they are very risky. This was highlighted by the near failure of a small clearinghouse in Europe last year. Using BIS data on the penetration of central clearing, and pricing of interest rate derivatives as a proxy of initial margins, I would say that initial margin in the system needs to rise by about 6 times to make the system "safe". Looking at previous periods of rising initial margins in 2000-2002 and 2007-2009, the pro-cyclicality of claringhouses should be obvious.
Finally, cash hoarding and repo market problems could be a sign of counterparties beginning to worry about clearinghouses. If initial margins rise significantly, the only assets that will see a bid will be cash, US treasuries, JGBs, Bunds, Yen and Swiss Franc. Everything else will likely face selling pressure. If a major clearinghouse should fail due to two counterparties failing, then many centrally cleared hedges will also fail. If this happens, you will not receive the cash from your bearish hedge, as the counterparty has gone bust, and the clearinghouse needs to pay from its own capital or even get be recapitalised itself. One way to think about it is that the financial crisis only metastasized when MG failed, because at that point, everyone suddenly became un-hedged, and everyone needed to sell."
rittenhouse not only did nothing wrong. He actually was coming to the rescue of a n old guy who owned a car dealership and was defending that guys property when he was viciously attacked and under threat of his own life.
He should be getting a police heros medal and key to the city.
i am sure that trump will get some initial people to his platform but it wont be good. i cant be. and it wont be whats needed for the next election.
The time to do that was before the last election and have his kids do it or soemthing and him join then.
when i heard his old team was recommended by lindsey Graham I just about threw some tendies.
If trump hasn't learned by now that Lindsey Graham is a corrupt loser betrayer then frankly Trump is pretty damn dumb. I cant believe he even hired anyone lindsey graham recommended in the first place.
I means seriously why doesn’t trump get it that there are people in DC who hate him and want to sabotage everything he does?
Also Eye Opener with Michael Lewis
A d this channel which covers china and Biden selling out to China. https://m.youtube.com/watch?v=bX_yAiI8wP8&t=139s
This very lengthy article proves the old adage "if something is false it takes few words to disprove it. If something is true it takes many words to deny it"