I know I’ve been beating this redlining and wealth gap drum for 20+ years but here is a GREAT cliffs notes version.

But don’t take @ambermruffin’s word for it. You should get references...

A thread

Breaking News:

In a 5-4 decision, the conservative judges on the Supreme Court reject the final death row appeal of a Nazarene minister convicted of teaching Christian Race Theory.

Justice Ketanji Brown Jackson issues blistering dissent, calling it a “crucifixion.”

“I told you she was soft on crime,” says Josh Hawley.

“We can’t have these people teaching these sermons on public mounts, said Galilee Governor Ron DeSatanis. “Telling children to repent for their sins makes kids feel bad.”

33-year-old community organizer and protest leader
Yeshua bin Yusuf, who went by the street name Jesus, was convicted by an all-white jury after his violent arrest resulted in at least one officer losing an ear, according to the police report.

Authorities said his protest organization was really a front for his gang activity. While Jesus confessed that he had about 12 friends who were disciples, he claimed he was not gang affiliated.

“That’s what they all say,” explained Sen. Marjorie Taylor Greene. “He also claimed he was ‘saving’ prostitutes but if you read the message boards, it’s clear he was a sex trafficker. Why else would Mary Magdalene always be around? What do you expect? He was an anchor baby, too!”

A lot of the anger about non-white people voting for a white nationalist is because some people don't understand one inarguable historical truth:

THAT'S EXACTLY HOW YOU BECOME WHITE!

A thread:

First of all, let's all agree that whiteness is some shit people made up. It has no basis in science or even logic.

For instance, for MOST of American history, the Irish weren't considered white and they might be the whitest people on the planet!

Now the Irish WERE NOT slaves, but the English and Scottish considered them "the closest thing to the negro" and "human chimpanzees"

Do you know how far England is from Ireland?

21 miles!

It's like when Brooklyn niggas talk shit about people from Queens.

It was only after the slaves were freed that the Irish moved up on the social ladder. An 1864 Democrat dociment said “There is the strongest reason for believing that the first movement toward amalgamation in this country will take place between Irish and Negroes.”

They were considered athletic, strong and lazy. They could dance, though. Plus, they excelled in boxing.

Does any of this sound familiar?

So how did they become white?

Well, basically, it was because of Gangs.

Inflation is always and everywhere a monetary phenomenon RELATIVE to real economic activity. This last part is key.

Also, measuring “the money supply” is a tricky thing, because it lives and breathes with the economy.

🚨🇬🇧🇪🇺💄👠👗💅🏻🕺💃🇪🇺🇬🇧🚨
UK’s £35bn fashion industry warns of “decimation” from #brexit - big names sign open letter to @BorisJohnson urging action. Many of 50,000 SMEs on the rack due to VAT, customs and work permit issues. Stay with me/1


You can read the full text of the letter here, co-ordinated by Fashion Round Table @FashionRoundTab, but tl;dr it says that #Brexit has left a "gaping hole" in an industry that relies of free movement of professionals. It's a familiar cry /2



@FashionRoundTab The industry, already whacked by #COVID19, is now discovering that cross-border sales are a horror (VAT, Customs, long delays) and models, stylists, photographers that used to blat around Europe can't any more. They need permits, for themselves, for their gear /3

It is on one level amazing that this is only just fully dawning - as the musician industry found out recently - but fashion is not just big names and big companies. It's actually a mountain of small companies and sole traders often that feed into a huge (£35bn) industry /4

I've written about fashion models issue before (they need tier-5 sponsorship visas) and how that will erode London's status as a hub, but this goes so much wider than this - hence the #dontmakefashionhistory campaign - and comes down the lack of a mobility chapter in the deal /5

1/ Since "liquidity" has been the buzzword these days, here's an anecdote and a powerful lesson from history about printing unlimited amounts of money. Story time. #fintwit

2/ Our story begins with Mansa Musa or Musa I of Mali, an African king who consistently figures in the list of richest people in the world (Inflation-adjusted). One of his given names was 'Lord of the (Gold) Mines of Wangara'. Lest we forget, Gold was the 'Money' in those days.

3/ One fine day in 1324, Musa decided to go on a pilgrimage to Mecca. Of course, it was easier said than done. Mecca was ~8,500 Kms away from Timbuktu, Mali. Ultimately he did make that journey and it has been recorded in the script "The Chronicles of the Seeker" by Mahmud Kati.

4/ Famously, he took a ton of 'money' (Gold) with him to aid in his journey (Well in his defense, it was ~8,500 Kms). About 60,000 laborers and soldiers carried 2 Kgs each and their camels carried 13 Kgs each, bringing the tally to an estimated ~1,30,000 Kgs of Gold.

5/ Being a generous King, he donated Gold left and right to every poor person he saw on the way. Regions of Cairo, Medina and Mecca became instantly 'rich'. The estimated donation is ~32,000 Kgs of Gold or ~$2 Billion in today's estimate.

1/16

It is a little frustrating to see the response many analysts had to the GDP growth data Chinese released today. These numbers aren’t especially good, and they certainly shouldn’t have been surprising. Back in April and May, when most

2/16

were projecting negative or barely positive GDP growth for China in 2020 (the OECD, for example, expected China’s GDP to contract by 3.7%), I insisted that GDP growth for 2020 would be positive, and probably between 2% and 3%.

Today, it was reported as 2.3%. How did...

3/16

I know? Because I knew that while most of the healthy sources of Chinese growth would contract (except for exports, which would expand given Beijing’s intense supply-side response to the impact of Covid-19), Beijing was going to respond to a significant...

4/16

worsening of the healthy parts of its economy by unleashing enough of the unhealthy, non-productive growth it has long tried to constrain – basically real estate and infrastructure investment – in order to achieve as much economic activity as it...

5/16

needed for domestic political ends.

And that’s exactly what happened. While GDP grew by 6.5% in the fourth quarter, even with substantial tailwinds its retail sales measure – a proxy for consumption – was only up 4.6%, and it was down 3.9% overall in 2020.