Monday, July 29, 2024

Kamala Harris's Father, Donald Jasper Harris, Descendant of Slave-owner Hamilton Brown

From Wikipedia:
Donald Jasper Harris, OM (born August 23, 1938) is a Jamaican-American economist and professor emeritus at Stanford University, known for applying post-Keynesian ideas to development economics.  He is the father of Kamala Harris, vice president of the United States, and of Maya Harris, lawyer and political commentator.

The New York times described him as "a prominent critic of mainstream economic theory from the left".[2]

Donald Jasper Harris was born in Brown's Town, St. Ann Parish, Jamaica, the son of Oscar Joseph Harris and Beryl Christie Harris (née Finegan),[7][8] who were Afro-Jamaicans.[9] As a child, Harris learned the catechism, was baptized and confirmed in the Anglican Church, and served as an acolyte. His paternal grandfather, Joseph Alexander Harris, owned land. Harris's paternal grandmother told him that she was descended from Irish-born Hamilton Brown, who founded the local Anglican Church.
...
He took early retirement from Stanford in 1998 in order to pursue his interest in developing public policies to promote economic growth and advance social equity.[19][20][21]
Also from Wikipedia:

Hamilton Brown (1776 – 18 September 1843) was an Ulster Scot plantation owner, slave owner and politician who resided in Saint Ann Parish, Jamaica, which he represented in the House of Assembly of Jamaica for 22 years. Brown founded the settlement of Hamilton Town in Saint Ann Parish, which was named after him.

https://en.wikipedia.org/wiki/Hamilton_Brown
According to the Legacies of British Slave-Ownership at the University College London, Brown was awarded a payment under the Slave Compensation Act 1837 as a former slave owner in the aftermath of the Slavery Abolition Act 1833. The British Government took out a £15 million loan (worth £1.8 billion in 2024[11]) with interest from Nathan Mayer Rothschild and Moses Montefiore which was subsequently paid off by the British taxpayers (ending in 2015).[12] Brown was a prolific slave owner in the context of Jamaican society and was associated with a large number of claims, twenty-five in total, he owned 1,120 slaves most of them on sugar plantations in Saint Ann Parish and received a £24,144 (equivalent to £2.89 million in 2024[11]) payment at the time.[13]
Original Image at https://x.com/AuburnMartin/status/1818010987255185495?t=grx9-kSQeGZLPR-QUp2v5g&s=09



Thursday, September 21, 2023

Powell Throws Cold Water on "Soft Landing"

Kirk Note: Powell is Federal Reserve Chair Jerome Powell.

-------- Forwarded Message --------
Subject: Powell Throws Cold Water on "Soft Landing" -- Re: Treasury Rates Near the Highest In 23 Years
Date: Thu, 21 Sep 2023 14:49:45 +0000
From: Jas Jain

Powell Throws Cold Water on "Soft Landing"

In his press conference yesterday.

Soft Landing is Wall Street propaganda to keep people in stocks as along as possible before recession becomes reality. It happens in all economic cycles, but this time it became a mantra.

When you are hovering over the Fiscal Cliff, Soft Landing is aerodynamically impossible, even Hard Landing is not likely, and Crash Landing is the likely scenario. And after that being buried under the rubble like the sinking of Titanic below the ocean.

How Would Crash Landing of the E-CON-omy Translate Into Stocks?

All the Magnificent 7--AAPL, AMZN, GOOG, MFST, NFLX, NVDA, and TSLA--will go below 100; AAPL, AMZN and TSLA, below 50; and some to 25. A week earlier I positioned myself for the scenario that would unfold over the next 2 years. Fortune favors the brave!

Good luck to stock bulls. Stock Mkt exists to serve the Crooks and not the working people who put their savings.

Jas
--------------------------------------------
Tuesday, September 19, 2023 6:14 AM

Treasury Rates Near the Highest In 23 Years

Average over the maturity spectrum. The last time that the rates were at the current level was on 7/17/2007 and in the prior cycle it was in September 2000. Recessions and serious mkt declines followed within a few months.

When "soft landing" meets the Fiscal Cliff, watch out below.

Jas

-----------------------------------------------------
Wednesday, September 6, 2023 1:36 PM
 
With Inflation Remaining Higher for Longer, CASH would remain King for a Longtime 

The 3&6 Month T-Bill rate, cash equivalent, hit a new high since the end of 2000, 22 years and 8 months, of 5.5%. 2-Year Treasury rate closed above 5%.

Stocks and long-term bonds would continue to underperform as the Fed Funds rate remains high.

Jas





Suggested Reading


=>Article: How to Get the Best CD Rates
=>Article: Beware of Annuities
=>Info: Best Mortgage Loan Rates