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.
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Fun fact: 🇨🇦 issues student visas to anyone with a few bucks.
Here’s a quick thread on the hundreds of criminals that organized crime groups set up in 🇨🇦 using student visas.
<thread> 🧵👇
2/ 🇺🇸’s DEA claims El Chapo made $3m/day in 🇨🇦 prior to his arrest, and they were surprised by how “deep infiltration” was.
His point man in 🇨🇦? Jesus Herrera Esperanza, aka Hondo—a “student” in 🇨🇦. No one knows where Hondo is these days.
3/ One of the world’s most powerful gangsters is former TO resident Lawrence Bishnoi—a 31 y/o that runs a global assassin & extortion network… from prison for the past 10 years.
His empire is allegedly run by his #2—Satinderjeet Singh, aka Goldy Brar. I wonder what he studied.
Most people don't understand how interest rates, population growth, and immigration are related.
Let's fix that with a quick thread.
<thread> 🧵👇
2/ A central bank's purpose is to control the decay of money, aka inflation.
If inflation is low, they cut rates to stimulate consumption by lowering the cost of borrowing. Since debt is your future income used today, this creates demand w/the goal of overrunning supply.
3/ Pretty easy since they can cut rates a lot faster than supply chains can respond, which is the goal. They're trying to raise prices to drive inflation, after all.
The opposite is also true. They raise rates to slow inflation by delaying demand so there's excess supply.
Why is every politician discussing their aggressive plan for affordable housing?
… even the ones you know don’t care about it?
Well, they hijacked the term and weaponized it against the people who need it. Here’s how.
<thread> 🧵👇
2/ in 🇨🇦, the term affordable housing now means a rental that’s 1/3 the median household income.
First off, a third of income isn’t really affordable. A third of income is the max allowable payment a mortgage borrower can accept before they’re considered too risky of a payer.
3/ so, affordable really means the max a person can reliably pay without being a default risk in this case.
in Canada, it also means maximum regulatory leverage. That doesn’t feel the same, does it?
Wait until you realize how that plays into distribution.