- Mar 11, 2015
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No you don't get to do this. You talked that shit about how 200 years ago the founders created the constitution as a way to end slavery. Now since that's been shown to be untrue you don't get to pull that it was 200 years ago bullshit or that bullshit about modem slavery in trying to divert from the situation YOU PRESENTED. You will face the truth and accept it. Our government had slave backed securities that it sold in Europe to bolster business income and grow the American economy.You see, if you guys would have stopped with the Africans sold each other bullshit from the very beginning I would not have to do this. But you guys were told on many occasions that blacks here have done the research and know the story. But no, we have to keep hearing the stormfront lie.
So like I said, in this century some whites will be made to face the truth.
In the 1830s, powerful Southern slaveowners wanted to import capital into their states so they could buy more slaves. They came up with a new, two-part idea: mortgaging slaves; and then turning the mortgages into bonds that could be marketed all over the world.
First, American planters organized new banks, usually in new states like Mississippi and Louisiana. Drawing up lists of slaves for collateral, the planters then mortgaged them to the banks they had created, enabling themselves to buy additional slaves to expand cotton production. To provide capital for those loans, the banks sold bonds to investors from around the globe — London, New York, Amsterdam, Paris. The bond buyers, many of whom lived in countries where slavery was illegal, didn’t own individual slaves — just bonds backed by their value. Planters’ mortgage payments paid the interest and the principle on these bond payments. Enslaved human beings had been, in modern financial lingo, “securitized.”
A History of the Slave-Breeding Industry in the United States
The American Slave Coast: A History of the Slave-Breeding Industry by Ned & Constance Sublette is a book which offers an alternakottke.org
That's right, whites created slave backed securities
Africans did not do this either.
That was 200 years ago. What do you want to do about it today? What does the US or white Americans have to do with this slavery happening today? White Americans did not do this:
Slavery in contemporary Africa - Wikipedia
en.wikipedia.org
You don't care about slavery. You only care about $800,000.
Here is how the American slave-breeding industry worked, according to the Sublettes: Some states (most importantly Virginia) produced slaves as their main domestic crop. The price of slaves was anchored by industry in other states that consumed slaves in the production of rice and sugar, and constant territorial expansion. As long as the slave power continued to grow, breeders could literally bank on future demand and increasing prices. That made slaves not just a commodity, but the closest thing to money that white breeders had. It’s hard to quantify just how valuable people were as commodities, but the Sublettes try to convey it: By a conservative estimate, in 1860 the total value of American slaves was $4 billion, far more than the gold and silver then circulating nationally ($228.3 million, “most of it in the North,” the authors add), total currency ($435.4 million), and even the value of the South’s total farmland ($1.92 billion). Slaves were, to slavers, worth more than everything else they could imagine combined.
kottke.org
A History of the Slave-Breeding Industry in the United States
The American Slave Coast: A History of the Slave-Breeding Industry by Ned & Constance Sublette is a book which offers an alterna
kottke.org
