“You have two settings-no decision and bad decision. I wouldn’t let you run a bath without having the Coast Guard and the fire department standing by, but yet here you are running America. You are the worst thing that has happened to this country since food in buckets and maybe slavery!” – Veep
I had made a mistake and bought too many art supplies. That was my excess stencil crisis.
Cui bono. That’s Latin for “who benefits,” and in this case doesn’t have anything to do with the singer for the band U2©, who have been benefiting from everything. Even my GPS is branded by U2™, and it sucks. The streets have no name, and I still haven’t found what I’m looking for.
Cui bono.
That quote being in Latin is especially appropriate for today’s post. Marcus Licinius Crassus (115 B.C. – 53 B.C. – they aged backwards then) goes down in history for creating the first fire department that Rome had. At his own expense, he recruited and trained a brigade of 500 men who, at the first sign of a fire, would speed toward the smoke and flames.
Crassus would rush to the fire with them. Once the fire department was on site, Crassus would find the building owner and offer to buy the burning building at an obvious discount. I am not making this up. Obviously, the longer the fire went on, the lower Crassus’ offer would go. Once the property owner had sold, Crassus would give the signal and his fire department would save his newly purchased building.
I’m sure that sometimes the fire got away from him, but most of the time Crassus profited from the deal. It was a fire sale, right?
When I was working as a firefighter, in one building all that was left was the bottom of a shoe – it must have been the sole survivor.
Often, Crassus would then rebuild the building using his army of slave architects and artisans (not making that up, either), and then lease the building back to the original owner. So, Crassus even had a way to get his money back. Crassus was wealthy not only by ancient standards, but by any standards. He’d be worth at least $11 billion in today’s money.
Cui bono? Crassus. I looked for a name I could call Crassus, but it was hard to find one, this being a family-friendly blog. I’ll settle on cullion.
This is an early example of economic plunder. Legal, yes. Honorable? No.
It didn’t stop with Crassus.
I once paid $20 to meet the Prince, but I partied like it was only $19.99.
When you search the Internet for tales of Nathan Rothschild back in 1815, you’ll find a host of stories that from the scholarship of 2020, don’t seem to be supported. But what generally seems to be agreed with (even by the Rothschild Archives – LINK) is that during the Napoleonic Era, Rothschild and his brothers across the European continent had a fairly sophisticated system to transfer news and information to each other.
Information is just like a building fire in Rome: the sooner you catch it, the more it is worth.
What had been vexing everyone in London during June of 1815 was the return of Napoleon from exile and his resumption of power in France. Since Europe had been fighting alongside Napoleon or with Napoleon for nearly 20 years, people in the United Kingdom were scared to death that a victory by Napoleon could lead to another 20 years of war. And just like today, no one wanted to watch a re-run.
Napoleon broke out of exile because he needed more Elba room.
Lord Wellington had been put in charge of a coalition of armies from across Europe, 68,000 total troops. Joined by 50,000 Prussians under Blücher (cue obligatory whinny), Wellington met Bonaparte at the small village of Waterloo. Napoleon wasn’t alone. He had 73,000 French soldiers, and Wellington had left his panzers in his other coat, so the French fought back like they’d have to shower and give up cigarettes if they lost.
Spoiler alert: Napoleon lost, but barely. I think it had to go into at least one overtime, and there were some controversial instant replays.
The story goes that with the Rothschild information network, Nathan was notified about Wellington’s victory before anyone in London. By knowing that, Nathan could make a killing in the stock market. How well did he do? We don’t know. His courier wrote him: “I am informed by Commissary White that you have done well by the early information which you had of the Victory gained at Waterloo.” It is reported (LINK) that the Rothschild fortunes went from £500,000 to £1,000,000 in that year. So probably pretty well, since I assume a £ is a metric $ or something.
Yes, I know that there are other stories about Nathan’s Big Day Out® that are much more exaggerated, but this one does fine in proving my point: the best time to make money is in an uncertain market. Or, as has been attributed to Nathan: “The time to buy is when there’s blood in the streets.” Especially if, like Nathan and Marcus, you can remove the uncertainty and make your bet a sure thing.
I did invest in an Asian/Middle East fusion restaurant called, “Wok Like an Egyptian.”
This went on during Roman times, and it went on during Napoleonic times. Is it going on today?
It certainly is. I was having a conversation with a friend of mine the other week, and he works for a company that was funded by a private equity firm. Per my conversation, they deals that just his company is looking at are in the range of one hundred million to one billion dollars. Sure, that’s a pretty big range. But the kicker was this:
“There are pools of billions of dollars waiting for deals.”
What kind of deals? Deals on great assets in a collapsing economy.
As we look at the wreck that we’re seeing in the economy due to the WuFlu and now the great #BLM (Burning Looting Marxists), what sort of reaction are we seeing? Does it surprise anyone that 269 companies (LINK, H/T to CA at Western Rifle Shooters) are supporting the (actual, really founded by Marxists, look it up) BLM?
Does it surprise anyone that hundreds of millions of dollars are flooding in to BLM and affiliated organizations? And I’m not exaggerating the amount – the fund just for bailing out rioters and looters in Minneapolis was over $90 million dollars. Some people can loot a whole week and not make that much!
The support for BLM could be from one of the following sources, and I suspect that one or more is in play depending on the company donating:
- Genuine support for civil rights. Sure, I believe that from companies that import goods made by overseas labor treated more poorly than the Wilder family treats our outdoor cat.
- A cynical ploy signaling corporate virtue to get people to buy burgers. Think of it like an advertisement, but instead of featuring the social justice flavor of the week, it’s BLM this week.
- Coordinated donations with full knowledge that the money will go toward a Marxist transformation of the United States.
- Selected by the CEO’s secretary executive assistant at random.
I never let BLM members into my basement – I don’t want a whine cellar.
Amazon® has really been impacted by COVID-19. I’m betting that every facet of Bezos’ business has been helped, from their online shopping to their web infrastructure to their movie rental business. Coronachan has been good to Jeff. But I don’t blame Bezos for that – I don’t think it was his plan to infect the United States with a virus and convince everyone to stay in the basement for three months and then have seven pages of BLM merch to sell.
Because if he did? That’s some real Bond villain stuff and I’ve got to say, that’s the most anyone has ever done to try to convince me to buy a Prime® subscription.
Cui bono? I mean, besides Bezos?
Someone is going to profit from BLM, even beyond the hundreds of millions of dollars donated recently to it, and even beyond the billions of dollars that will go to purchase assets during the crisis. And it may not be money, or burger sales. It might be measured in raw power, the power to turn a society towards the Marxist goals of the founders of BLM.
But even Crassus knew that once a fire got started, it just might get away from you.