Canadians think of the Hudson's Bay Company as something to be proud of. A lot of them drape themselves in the iconic stripes.
My family is from the Caribbean though. So while I was educated in Canada, I'm reminded of a totally different kind of branding.
🧵👇
See Canadians are taught the founder of HBC, Prince Rupert, funded the expedition of Canada to develop the fur trade.
In fact, they're taught in a cutesy way that most of the country was originally just called Rupert's land. Remember that? Adorable and harmless, right?
2/7
What they don't teach is Rupert is one of history's worst monsters. His wealth didn't come from HBC.
HBC was funded in part by the profits from another company he founded – the Royal African Company (RAC). Canadian history tends to leave out any mention of this venture. 🤔
3/7
Weird, because the RAC is actually one of the most successful companies IN HISTORY. 🧐
They might not have mentioned it because the RAC was the largest slave trader in the Americas. They shipped more slaves to the Americas than any other *institution.* Not just company.
4/7
That's where Rupert started to dabble in branding, actually.
The company branded all of their slaves RAC, partially to permanent mark that they were slaves, but to also show market prominence.
Just like logos today, they wanted everyone to know how popular they were.
5/7
Despite HBC actually naming the territories in Canada after Rupert, history distances Rupert – trying to say he only funded the expedition.
Same with RAC. He was "only" an investor, but like HBC, he was actively involved – even serving as governor (CEO at the time).
6/7
So you gotta forgive black and brown people if they don't like that cute photo you posted on instagram of your new HBC blanket draped over your couch.
A good portion of us see the flag of a company founded by one of history's most murderous slave traders.
~ Fin ~
7/7
Strange number of people in my DMs saying Canada has nothing to do with slavery.
You know "fur trade" is just a narrative that was spun through history? Academics have long known HBC didn't arrive looking for fur, they were looking to pillage, plunder, and enslave.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
🇨🇦 is falsely framing a prominent journalist as an asset of Russia.
It's a malicious lie to discredit @davidpugliese, who has a 42-year track record of exposing embarrassing gov lies.
A short list of the work 🇨🇦 is trying to hide.
<thread> 🧵👇
2/ 🇨🇦's military used the pandemic to test its propaganda techniques.
In 2021, David exposed the military conducted an "info" sharing exercise against the public without any official authorization or request from the Fed gov.
ps if you’re about to give me the “Gov knows more than you” lecture, you’re new here. Welcome!
First, ponder why a former RCMP director was perplexed how we figured out the money laundering players before intel, why it wasn’t isolated, & who regulators ask to find stolen shit.
Okay, 🇨🇦. I need you to look past the left vs right BS for a sec. You don't understand how hard you're being screwed.
In a few tweets, you'll understand gov finance better than most politicians. You'll also see how f*cked up Ontario's corner store liquor deal is.
<thread>🧵👇
2/ Rushing the deal means taxpayers will shoulder an initial bill of $1b.
If paid in cash, that tax revenue is equivalent to 111k families working for a year. Imagine the whole city of Windsor going to work for a year. All to pay that bill.
But ON is broke, it has little cash.
3/ When ON spends excess money, it has to run a deficit. It'll try to get the federal gov to pay some (read:taxpayers everywhere), and borrow the rest.
But let's say ON will borrow the whole amount. Last bond was 3.8% interest, so add another 51k families to cover interest.
🇨🇦’s rolling out 30-year mortgages to “help” first-time buyers get a home.
This is actually a form of liquidity injection called capital cushioning.
It’s not about affordability. A similar plan was used by the 🇺🇸 during the financial crisis. Is this a crisis? 🤔
<thread> 🧵👇
2/ first off, let’s fix what you’ve been told about the 🇺🇸 housing bubble.
a common myth is poor people with subprime credit f*cked up. In reality, poor people have nowhere else to go so they paid their bills through negative equity.
When you’re poor, everyday is a recession.
3/ the real foreclosure surge was actually high credit quality investors that went to subprime lenders for more leverage.
When shit hit the fan, they just walked away. It was investors that were really the problem.