Category Archives: Politics

Black Wall Street Massacre 100 years

It`s unbelieveable. 100 years ago, the Tulsa race massacre took place on May 31 and June 1, 1921. Mobs of White residents, many of them deputized and given weapons by city officials, attacked Black residents and businesses of the Greenwood District in Tulsa, Oklahoma.

The massacre is also known as the Black Wall Street Massacre, and it marks one of «the single worst incidents of racial violence in American history».

The attack, carried out on the ground and from private aircraft, destroyed more than 35 square blocks of the district at that time the wealthiest Black community in the United States, known as «Black Wall Street».

It wasn`t easy in Oklahoma 100 years ago. Oklahoma had a racially, and politically tense atmosphere. Many servicemen had returned following the end of the First World War in 1918, and the American Civil War, which ended in 1865, was still in living memory.

Civil rights for African Americans were lacking, and the Ku Klux Klan was resurgent (primarily through the widly popular 1915 film; The Birth of a Nation).

Tulsa was also a booming oil city, supported a large number of affluent, educated and professsional African American people. Greenwood was a district in Tulsa, and Greenwood became so prosperous that it came to be known as «the Negro Wall Street», but now commonly referred to as «the Black Wall Street.

Most Black people lived together in the district. Black Americans had created their own businesses and services in this enclave, including several grocers, two newspapers, two movie theaters, nightclubs, and numerous churches.

Harlows Weekly reported in an article that the actions that took place was economically and politically, rather than racially, motivated.

The territory of northern Oklahoma had been established for the resettlement of Native Americans from the southeast, some of whom had owned slaves. Other areas had received many settlers from the South whose families had been slaveholders before the Civil War.

Oklahoma was admitted as a state on November 16, 1907. The newly created state legislature passed racial segregation laws, commonly known as Jim Crow laws, as its first order of business. The 1907 Oklahoma Constitution did not call for strict segregation, delegates feared that, should they include such restrictions, U.S President Theodore Roosevelt would veto the document.

Still, the first law passed by the new legislature sesgregated all rail travel, and voter registration rules effectively disenfranchised most Black Americans. That meant they were also barred from serving on juries or on local office. These laws were enforced until after passage of the fedral Voting Rights Act of 1965. Major cities passed additional restrictions.

Northeastern Oklahoma was in an economic slump that increased unemployment. Since 1915, the Ku Klux Klan had been growing in urban chapters across the country. Its first significant appearance in Oklahoma occurred on August 12, 1921.

By the end of 1921, 3,200 of Tulsa`s 72,000 residents were Klan members according to one estimte. In the early 20th century, lynching were common in Oklahoma as part of a continuing effort to assert and maintain white supramacy.

By 1921, at least 31 people, mostly men and boys, had been lynched in the newly formed state, 26 were Black.

The massacre in Tulsa began during the Memorial Day weekend after 19-year-old Dick Rowland, a Black shoeshiner, was accused of assulting Sarah Page, the 17-year-old White elevator operator of the nearby Drexel building.

(This case is very similar to George Floyd`s case, were he was accused for stealing cigarettes).

He was taken into custody. After the arrest, rumors spread through the city that Rowland was to be lynched. Upon hearing reports that a mob of hundreds of White men had gathered around the jail where Rowland was being kept, a group of 75 Black men, som of whom were armed, arrived at the jail in order to ensure that Rowland would not be lynched.

The sheriff persuaded the group to leave the jail, assuring them that he had the situation under control. A shot was fired, and then, according to the reports of the sheriff, «all hell broke loose.»

At the end of the firefight, 12 people were killed: 10 White and 2 Black. As news of these deaths spread throughout the city, mob violence exploded. White rioters rampaged through the Black neighborhood that night and morning killing men and burning and looting stores and homes.

Around noon on June 1, the Oklahoma National Guard imposed martial law, effectively ending the massacre.

About 10,000 Black people were left homeless, and proerty damage amounted to more than $1,5 million in real estate and $750,000 in personal property ($32,65 million in 2020). Many survivors left Tulsa, while Black and White residents who stayed in the city kept silent about the terror, violence, and resulting losses for decades. The massacre was largely omitted from local, state, and national histories.

In 1996, 75 years after the massacre, a bipartisan group in the state legislature authorized formation of the Oklahoma Commission to Study the Tulsa Race Riot of 1921. The commission`s final report, published in 2001, states that the city had conspired with the mob of White citizens against Black citizens, it recommended a program of reparations to survivors and their descendants.

The state passed legislation in order to establish scholarships for the descendants of survivors, encourage the economic development of Greenwood, and develop a park in memory of the victims of the massacre in Tulsa.

The park was dedicated in 2010. In 2020, the massacre became a part of the Oklahoma school curriculum.

On Monday, Biden signed a White House proclamation declaring a day of remembrance, which called upon Americans to remember those who were killed as well as those who survived, and to «commit toghether to eradicate systemic racism and help to rebuild communities and lives that have been destroyed by it.»

President Joe Biden will visit Greenwood on Tuesday, but the visit is not expected to be public. He will tour the Greenwood Cultural Center across the street from Vernon AME Church.

To contact the author: post@shinybull.com

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Biden is not a capitalist but a “far-left” politician

«I`m a capitalist, but here`s the deal…..» president Biden said. He also bashes trickle-down economy. Steve Forbes said Biden is not a capitalist. He is a far-left politician. Economists like Forbes are concerned about the rising inflation.

Core PCE prices in the US, which exclude volatile food and energy cost, increased 3,1 percent YoY in April of 2021, following an upwardly revised 1,9 percent gain in March and compared to market forecasts of 2,9 percent.

It is the highest rate since the 1990s, bringing it well above the Fed`s 2 percent target.

The Core Personal Consumption Expenditure Price Index provides a measure of the prices paid by people for domestic purchases of goods and services, excluding the prices of food and energy. The core PCE is the Fed`s preferred inflation measure, and the targest is 2 percent.

President Biden released a proposal that calls for $6 trillion in additional spending over the next decade. An ambitious plan that would run a $1,8 trillion federal government deficit despite a raft of new tax increases.

The budget proposal incorporates the American Jobs Plan, the American Families Plan and the $4 trillion infrastructure. Looking for the expectations about unemployment, the White House sees it falling to 4,7% by the end of 2021, 4,1% in 2022, and 3,8% the following year. They expect it will remain at 3,8% for the ensuing seven years.

The Treasury Department said that the deficit for the first seven months of fiscal 2021 still hit a new record of USD 1,932 trillion, which is a 30% increase from the same period of fiscal 2020.

Somebody have to pay for all the debt, and that is the people. To solve that, Biden wants people to pay more tax, but inflation (higher prices) is also a form for tax. A hidden tax.

To contact the author: post@shinybull.com

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Brexit has a 70% approval rating, and Socialism is dead in England

It`s funny to watch Great Britain and the United States at the moment. In the U.S, the conservatives lost the election and Biden and his left wing democrat administration won. In the U.K, Boris Johnson and his conservative friends won in a landslide. The same can not be said about Biden.

They are both outside of the EU and Trump and Johnson was considered to be a win against socialism. Take a look at the slogan Johnson has; Build back better. They are leaving the business club EU and want to build back better.

But take a look at Biden and his slogan; Build back better. Biden and the democrats wants to build back what Trump did. They are on two different planets, with two different world views.

Everything has been great with the Labour Party for years, but they have been in trouble before. One of the most deprived areas of the UK, the blue-collar port saws its steel industry collapse in the 1970s and 80s and the unemployment rate remains among the highest in the century.

Politically, it`s backed the Labour Party at every UK election for almost half a century, but then came Brexit.

As of April 12, Boris Johnson`s approval rating remain very high at 70%. Not only that. Brexit has also a 70% approval rating, so there is not doubt that the people in Great Britain support the conservatives and Brexit.

According to Nigel Farage, the Labour Party is finish in England. The country is about the change rapidly. Queen Elizabeth said in the Parliament a few days ago that the UK will strengthen the borders. Legislation will also be introduced to ensure the integrity of elections.

They saw what happened in Georgia during the U.S election and learned from the mistakes in the U.S. Dead voters will have problems to vote if they have to show up personally with a picture on the voting day.

Freedom of speech will also be protected. This is very similar to whats happening the U.S. They are both about the change rapidly. What a interesting world we are living in.

To contact the author: post@shinybull.com

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Inflation soared to 4,2% in April of 2021

Inflation soared to 4,2% in April of 2021, and that`s a big jump from 2,6% in March. The stock market declined while the inflation rate came in well above market forecast of 3,6%, and this is the highest reading since September 2008.

The biggest increases were recorded for gasoline (49,6% vs 22,5% in March), fuel oil (37,3% vs 20,2%) and used car and trucks (21% vs 9,4%). It`s interesting to see the inflation slowed for food (2,4% vs 3,5%).

The jump in inflation is the highest in 13 years, and Wall Street sent the stock down on Wednesday in a broad market sell-off. Tech stock were hit hard as higher interest rates are threatening to undermine the valuations of those companies.

Nasdaq is down about -5% so far this week, but the European markets ended higher on Wednesday as stocks in Europe recovered from a global sell-off sparked by concerns that rising inflation will prompt central banks to tighten monetary policy sooner and more abruptly than expected.

Federal Reserve`s vice chair, Richard Clarida, had some dovish comments, and that helped calm nervous markets. He said that the twin shocks of a disappointing payroll report and higher inflation in April hadn`t changed the central bank`s view on maintaining its current ultra-accomodative policy.

To contact the author: post@shinybull.com

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Biden will discuss spending with top lawmakers this week

Trump cutted taxes and MSM said he was crazy. It is the republicans job to have as low taxes as possible. It is their policy. The same cannot be said about the democrats.The Biden administration will discuss spending with top lawmakers this week, and republicans think it sounds scary.

Biden wants to increase the taxes and that can have an impact on businesses and money makers. On top of that we also have inflation, which is also a hidden tax. Add higher interest rate on top of that. Bill Clinton did much of the same in the 90`s and as long as I can remember, it went well. But this time is probably different with covid-19 and lockdown.

Investors expected more than 1 million jobs in april, but only 266 thousand is what the Biden administration saw come in. They also expected unemployment rate at 5,8% but it jumped to 6,1% and all this was a big, big, big surprise to the market, and investors sent the market down on Monday.

Things have changed in the White House, and Maria asked Mr Mulvaney when was the last time the government gave $300 to people on a permanent basis. «If you pay people not to work, they are not going to work,» Mulvaney said.

To contact the author: post@shinybull.com

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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