A controversial figure?
His fortune garnered from the #SouthSeaBubble made this major bequest possible.
His business though involved the West Indian slave trade!
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Hashtag
#southseabubble
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⚓The Great Silicon Sea-monster: Two and a Half Trillion in Ghost Gold To Sink Every Galleon in the Empire
📜Read: thescallywag.online/go/0a4ef372
#pirate #techsorcery #GreatWall #SouthSeaBubble #SiliconCoast #OldOneeyedOpenai #SamAltman #WharfMaster #GlobalEconomy #DigitalRevolution
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The #SouthSeaCompany, a British corporation from 1711, used #InsiderTrading to inflate its #stock value, then collapsed in the 1720 #SouthSeaBubble. On #ThisDayInHistory in 1721, an inquiry revealed political corruption and company fraud, i.e., business as usual for #capitalists.
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"it appears that the market has also gone FOMO on the AI infrastructure providers"
#AI
#BoomBust
#TechBubble #SouthSeaBubble
Palantir Can't Defy Gravity Forever (PLTR) | Seeking Alpha share.google/JBp5zGBHCdAV...
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AI = Artificial Insanity (we pinched this from a TV programme). Welcome to the latest #SouthSeaBubble, the new #Dot.com bust. Over-hyped, over-invested, and producing no revenues. But ordinary folk will be made to pay the price. #DeleteCoPilot #RefuseToUseAI www.theguardian.com/technology/2...
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Croft Castle in Herefordshire, home for 1000 years to the Croft family (apart from a gap where they lost all their money when the South Sea Bubble burst in the 18thC ). The castle itself dates to the 17thC but there was an earlier castle on the site.
#croftcastle #sirrichardcroft #southseabubble
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Is #Tesla a 21st century version of the #SouthSeaBubble? I suspect it is. It should be avoided like the plague!
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Who now remembers the #NFT scandal?
It seems as long ago as the #SouthSeaBubble
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The South Sea Bubble was the financial collapse of the South Sea Company in 1720. The company was formed to supply slaves to Spanish America. The South Sea Company was formed in 1711 in London and its purpose was to supply 4800 slaves each year for 30 years to the Spanish plantations in Central and Southern America. https://www.rmg.co.uk/
The real reasons behind the bubble are complex. The South Sea Company, which gave its name to the event, helped the government manage its debt and also traded enslaved Africans to the Spanish colonies of the Americas. The government struggled to pay holders of its debt on time and investors had difficulty selling on their debt to others due to legal difficulties. https://theconversation.com/
In 1720, the South Sea Bubble burst, leading to one of history's most infamous financial crashes. This event highlighted the dangers of speculative investments and had a significant impact on economic theories about market speculation and bubbles. 📉 #HistoryOfEconomics #SouthSeaBubble #MarketCrashes
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Screenshot of an upcoming YouTube Short by A Space Alien Explains. Screenshot shows Vibi the Alien with the caption "Some member of Parliament, probably: Okay, hear me out"
Well that can't be anything good...
✨ New Short on YouTube tomorrow, 3pm ET!
Watch it early here: www.patreon.com/posts/early-...
#artist #animator #youtube #shorts #history #finance #money #economy #stocks #southseabubble #animation #video #artsubscription #patreon #supportartists #video
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