This is too funny. 😂

Reading the minutes of the investors that bought Hudson Bay company in 1863. They didn't want the business, but wanted the value of land - far in excess of the work being done on it.

In other words, Canadian real estate speculation pre-dates Canada.
Less surprising, but still funny, is they argued private land ownership is beneficial, because it can be sold to immigrants to raise taxes.

The investment thesis for real estate never changed. Selling it to immigrants far exceed the value of productivity value.
"HBC was here for beaver pelts!"

No, HBC was here for beaver pelts, and the private equity firm that bought them in 1863 saw little value in pelts, but thought it was a good way to sell settler condos.
Also, it's not weird I'm reading corporate minutes from 1863. You're weird.

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More from @StephenPunwasi

7 Jan
TL;DR Alberta, Canada.

How it started How its going ImageImage
Albertans: This is a beautiful place. I can't believe no one else lives here. The air is so clean.

Ontario: I hear Alberta has oil. Let's invade it for Bay Street.

Ontario Born Premier: Ontario doesn't want us to rip up the province. We'll show them, won't we‽! *winks*
I hope it's not lost on you that Alberta's problems are a bunch of people from Ontario arguing if a few international investors get to exploit it or not.
Read 6 tweets
7 Jan
The guy in the fur that led the storming of the Capitol goes by the name QAnon Shaman. He's been a part of the MAGA movement for years now.

To buy into Sarah Palin's antifa narrative, you also have to believe the QAnon movement was controlled by antifa. 🧐
I can't wait until all of the timelines on this episode of the Apprentice converge, and we find out Epstein is Q.
Just kidding. Fun fact though: Our partner studio has a doc under production on Q that's been filmed over the past year. They sent crews to interview everyone who's rumored to have started Q.

None of them are American.
Read 4 tweets
6 Jan
Can you imagine being in Beijing, and waking up in a hour to the world's most powerful country being thrown into disorder by some guys wearing beaver pelts?
*Xi looks at Putin*

Xi: Did you do this?

Putin: We thought you did.

Xi: Nope.

Kim Jong-un: *eating fries*

Xi: Just some guys wearing pelts? Beat a multi-trillion dollar defense program? No hacking, no army, no anything. Just got drunk and walked in?
And Putin, with his Putin-feet ice cold in the snow,
Stood puzzling and puzzling,
How could it be so?

It came without bribes.
It came without fake news.
It came without hacking, or false clues.

And he puzzled and puzzled 'till his puzzler was sore...
Read 4 tweets
17 Dec 20
Quick Bitcoin thread.

No, I’m not going to convince you to go buy a speculative asset.

I am going to explain why a lot of really smart people are doing it though, and it’s a little more complicated than most think.

<thread> 🧵👇

#bitcoin
2/ The easiest way to understand what Bitcoin is, is to understand what it’s not - the current monetary system.

In most countries, money is rarely made by government. Instead, it’s largely made by banks lending money.

When banks issue a loan, poof! Money is created.
3/ When banks create loans, they create both assets and liabilities. Money is created, backed by a bank’s confidence in a borrower.

Surprised? A recent poll of British law makers found 84% had no idea commercial banks made most of the money in supply.

So, you’re not alone.
Read 10 tweets
10 Dec 20
Okay, so it's been a while since I did a supervillain school post, so I'll try to make this one good.

Let's talk about J. Paul Getty.

Looking at how the industrialist made his money, you'll understand why middle class people will never understand taxes.

<thread> 🧵👇
2/ For those that don't know, J Paul Getty was one of the wealthiest guys in history. He mostly made his money in oil, but he was truly a pioneer in what I call organizational income efficiency.

See, his company was so efficient, it barely ever payed taxes.
3/ The play worked like this. Most people *know* he owned oil fields, but he didn't officially. A trust did.

Besides the oil fields weren't profitable. They would spend all of their money at shipping companies.

He happened to own those too, luckily.
Read 11 tweets
8 Dec 20
Listen, Stephen Punwasi.

I have no idea what you fuck, but I'm assuming it's other men based solely on you not sharing my values.

Despite the earth having billions of women in every socioeconomic class, they all are impressed by metal forged by a man into something shiny.
I suddenly realize why I know so many smart and beautiful single women that loathe dating. 😂
Also, as a side note, I can pretty much guarantee I've never mentioned the gender of my partner on Twitter unless it's about their gender.

I intentionally say they/them, because that's how people normalize non-binary language. Why would I use non-contextual identifiers? 🤷‍♂️
Read 5 tweets

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