Something to See

Well, I think you should look at this.

I think it’s important for you to know that racism and discrimination doesn’t just exist in the south, although you wouldn’t know that by watching main stream media.

Mainstream media loves to promote the myth that everyone who lives in the south is Bull Connor and everyone who lives in the north is Robert Gould Shaw (Glory).

Of course, you know that’s true, but it’s always nice to have some proof.

Trident Mortgage operates in the Philadelphia area. Trident Mortgage was accused of red lining. Redlining means that you don’t give loans to poor people, particularly poor black people in neighborhoods that are somewhat rundown.

Trident Mortgage also happens to be a subsidiary of Berkshire Hathaway, yes, that Berkshire Hathaway that is run by Warren Buffett and Charles Munger.

Here are some of the tidbits that mainstream media didn’t talk about.

Trident – Complaint 2021 11 05

Racist or Discriminatory Emails and Photos Exchanged by Trident’s Lending Staff

52. From at least 2016 through 2018, Trident loan officers sent and received emails via their Trident email accounts containing racial slurs and racist content, some of which indicated an intention to avoid lending in majority-minority neighborhoods.

53. In several instances, loan officers or other Trident employees referred to properties in majority-minority areas as being in the “ghetto.” For example:

  1. A Trident mortgage loan officer emailed a Trident online lead coordinator regarding a consumer seeking prequalification, stating: “This one is in the ghetto. pass [sic] it along to ian. HAHAHAHAHHA kidding.”
  2. A Trident mortgage loan officer sent an email discussing a comparable property that was used in an appraisal, stating: “This comps [sic] street is like a ghetto and he knows it and if he doesn’t that’s even worse.”
  3. A Trident senior loan officer emailed another loan officer, stating: “talked to [agent]…. He said to stay away from sears street, its [sic] upper ghetto blocked off bad area just a heads up.”

54. On another occasion, a Trident assistant loan officer received a racist email entitled “Being White, reminder” from a Fox & Roach employee. The Trident employee forwarded that email to several others. Among other things, the email stated:

  1. “Proud to be White;”
  2. “You call me ‘White boy’, ‘Cracker’, ‘Honkey’, ‘Whitey’, ‘Caveman’… And that’s OK… But when I call you Nigger, Kike, Towel head, Sandnigger, Camel Jockey, Beaner, Gook, or Chink… You call me a racist.”
  3. “You rob us, carjack us, and shoot at us. But, when a white police officer shoots a black gang member or beats up a black drug dealer running from the law and posing a threat to society, you call him a racist.”
  4. “There is nothing improper about this email… But let’s see which of you are proud enough to send it on. I sadly don’t think many will.”

55. On another occasion, a Fox & Roach real estate agent forwarded an email to a Trident loan officer, entitled: “YOU KNOW WHEN YOU’RE IN THE HOOD.” The Trident loan officer forwarded the message to several others. The email contained several racist images and racial slurs, including:

a. A picture of a wheelbarrow filled with watermelons with a sign on the wheelbarrow that said, “Apply for a Credit Card Free Watermelon.”
b. A picture purporting to show a liquor store sign with the message “SORRY— CLOSED A NIGGER ROBBED US… AGAIN.”

56. On another occasion, a Fox & Roach real estate agent forwarded an email to a Trident loan officer and a Trident assistant loan officer with a subject line, “Quick Hide Kit For Illegals.” The email contained a video entitled, “Wetback-Quick Hide.” The video depicted a man hiding himself in an expandable metal tube.

57. In 2019, Trident lending staff circulated a photo via email showing Trident’s Senior Vice President and General Sales Manager, whose responsibilities included hiring and overseeing loan officers, posing with others in front of a Confederate flag. Upon learning of this photo, Trident took no disciplinary action against this Senior Vice President or the lending employees who circulated the photo.

These excerpts come from the following court document:

Now, isn’t it only fair that Warren Buffett and Charles Munger be brought before the apology police given that everyone else who utters a slur has to walk the same gauntlet?

Of course, Warren Buffett and Charles Munger are Ivy League graduates and media darlings. That’s why main stream media doesn’t talk about it.

That’s precisely why I am posting it here.

Of course, racism in the north is no surprise to those of us who have lived in both north and the south. Those of us who have lived in both places also know full well that racism is far more virulent in the north. What you see here at Trident Mortgage is the real deal. This is the world I grew up in. This is what people in the north are indoctrinated to on a daily basis.

When I was a boy the word “digger” was used every day of the week. We grew up repeating rhymes like: “Eeny, meeny, minie, moe, catch a digger by the toe.”

My stepfather had so many names for black people, I was astounded.

Copyright 2022 Archer Crosley All Rights Reserved

Charles Munger: OMG, What is the World Coming To

Let’s talk about Charles Munger. I think everybody knows who he is.

He is a modern day robber baron, the right hand man of Warren Buffett, robber baron extraordinaire.

Charles Munger of course is also a Harvard graduate. You’d be disappointed in me if I didn’t bring that up.

Let’s see what Charles Munger has to say about cryptocurrency. And here it is from the Sydney Morning Herald:

“I’m never going to buy a cryptocurrency. I wish they’d never been invented,” he said.

I have no doubt about that. Of course he’s never going to buy one. At least not overtly. He’s part of the machine, and the machine is opposed to cryptocurrency because cryptocurrency is a threat to the machine’s money printing enrichment scheme that makes people like Charles Munger fabulously wealthy.

“I think the Chinese made the correct decision, which is to simply ban them. My country – English-speaking civilisation – has made the wrong decision,” he said.

Let’s be fair: Time will tell, and no one can predict the future.

That aside, China can ban them because they are a more authoritarian regime – at least that’s what we’ve been led to believe.

Banning cryptocurrency in the United States may not be politically acceptable because so many people in the United States have so much money tied up in it. Banning cryptocurrency would cause a huge devaluation in the cryptocurrency market, and the owners of that cryptocurrency do vote.

In that respect the genie is most definitely out of the bottle.

Additionally, banning cryptocurrency in the United States may be functionally impossible given the worldwide access of the web and people’s propensity to protect their wealth.

“I just can’t stand participating in these insane booms, one way or the other. It seems to be working; everybody wants to pile in, and I have a different attitude.

Who is he kidding? Munger and his buddy Buffett made a fortune off the recent fifteen year stock market boom that was caused by the insane printing of money. He didn’t have any problem with that insane boom.

“I want to make my money by selling people things that are good for them, not things that are bad for them,” he said.

Either he doesn’t understand cryptocurrency, or he does and he’s being disingenuous.

Cryptocurrency, if done correctly, with proper controls, will be one of the best things to ever happen to regular people. That’s why it was invented. Nobody except for the elites and their corporate parasites sits around and says: “Hey, let’s be novel, let’s invent something bad that nobody needs.”

No, cryptocurrency was invented by rebels because our governments and their crony capitalist friends, who have hijacked the government, began printing money in order to enrich themselves.

If we have a net societal value of $100, and Charles Munger and Warren Buffett own $50, and the rest of us own the other $50, then we each own equal shares of society. If Buffett and Munger than rig the system, as they have, and print up another $100 in society and give all of it to themselves, then they will own $150 and we will own $50. Our share will decrease.

Cryptocurrency was invented to prevent that dilution of our share of society.

“Believe me, the people who are creating cryptocurrencies are not thinking about the customer, they are thinking about themselves.”

Well, here he may be on more certain ground. It’s true, you can find a con man in any field. And there is no doubt in my mind, that certain cryptocurrencies are scams. But who is creating the scams, otherwise known as shit coins?

What I see on a daily basis are people like Elon Musk and Mark Cuban touting their favorite coins such as Dogecoin and Shiba Inu.

Both of these guys are part of the machine. So who’s behind the scamming in cryptocurrency?

Is it just possible that the machine is creating and promoting the shit coins in order to create uncertainty and instability in the cryptocurrency markets?

I think so.

In fact, I think that the detractors of cryptocurrency are the selfish ones. They are the ones who are preventing us from living productive, inflation-free lives.

Now it just may be that Mr. Munger, having gotten up in years, may honestly not understand what cryptocurrency is really about.

It is possible that you can’t teach an old dog new tricks, but I will try.

I don’t think you need a degree from MIT in order to understand what cryptocurrency is about. In fact, it probably helps to not attend MIT, or Harvard.

They ladle out the stupid juice pretty freely up there in Cambridge.

Cryptocurrency is a ledger, nothing more. It’s a giant QuickBooks accounting program spread out over the world that keeps track of everybody’s transactions forever.

It’s nothing to be afraid of. You and I agree to exchange our cash for units of cryptocurrency. Those transactions are registered on the ledger. As long as the rulers of the ledger don’t inflate the units or the exchanges don’t blow the cash on a bender in Vegas, what’s the problem?

That this ledger is spread out and is “fact checked” on a constant basis is a good thing. This creates reliability and prevents a few people from corrupting the system.

It also allows for easy access without the need of a broker-middleman.

This ledger will be able to record any type of transaction that we desire to create. It can be used for finance; it can be used for healthcare records; it can be used for art and memorabilia. It has no limitations.

You know what, it can even be used for the stock market to allow point-to-point sale of stock without the need of a broker. Wouldn’t that be a hoot?

No wonder Charles Munger is against cryptocurrency. Can you imagine an IPO that doesn’t involve Wall Street? No longer would the elites possess the ability to hand out free shares to their loser friends.

Currently, cryptocurrency is in a growth and “what are we about” phase. It’s growing. It hasn’t reached adolescence and adulthood yet. In many respects it’s a solution in search of a problem. Not all cryptocurrencies have found their identity.

And it will come to pass that different cryptocurrencies will move into different niches. Some will be used as a store of value; some will be used for healthcare records; some will be used for art; some will be used for day-to-day transactions.

It’s a bold, new, exciting world, if we choose to go there, if people like Charles Munger will not stop us.

Well, of course they will. That’s why Charles Munger is speaking out.


Archer Crosley

Copyright 2021 Archer Crosley All Rights Reserved