http://commoditytradingquestions.org/commodity-trading/did-any-people-in-the-south-make-a-profit-off-of-the-emancipation-proclamation Answers to all of your questions about commodity trading. Tue, 07 Feb 2012 10:26:44 +0000 hourly 1 http://wordpress.org/?v=3.1.3 http://commoditytradingquestions.org/commodity-trading/did-any-people-in-the-south-make-a-profit-off-of-the-emancipation-proclamation/comment-page-1#comment-1139 shatnerpossum Thu, 01 Oct 2009 09:33:41 +0000 http://commoditytradingquestions.org/commodity-trading/did-any-people-in-the-south-make-a-profit-off-of-the-emancipation-proclamation#comment-1139 Too bad the "emancipation proclamation" didn't do a damn thing. And the South was so financially ruined by the war that no one but carpet baggers and scalawags benefitted. And thats why the Klan was formed. Too bad the “emancipation proclamation” didn’t do a damn thing. And the South was so financially ruined by the war that no one but carpet baggers and scalawags benefitted. And thats why the Klan was formed.

]]> http://commoditytradingquestions.org/commodity-trading/did-any-people-in-the-south-make-a-profit-off-of-the-emancipation-proclamation/comment-page-1#comment-1138 dnldslk Tue, 29 Sep 2009 21:20:00 +0000 http://commoditytradingquestions.org/commodity-trading/did-any-people-in-the-south-make-a-profit-off-of-the-emancipation-proclamation#comment-1138 Well, I thought I had heard everything till you came up with this brainy idea. Short selling slaves! Part of your program might have worked. If you borrow slaves and sell them, you pocket the money but are indebted to the real owners. What is crucial--that you are indebted to return a fungible slave and NOT money. Then at the moment slavery is illegal, you no longer have the obligation to buy slaves in the open market, nor pay off the original owner. That moment forgives your obligation and makes it in fact illegal--leaving you with a pocket full of money. Probs--the EP (which became effective in Jan 1863) was unenforceable where it applied. Your "modest proposal" begs an interesting question: what sort of debts and debt forgiveness did the ending of slavery create. For instance, suppose someone bought a slave on time, and bought with the understanding of a future payment, and slavery ended--was the original debt also forgiven? Well, I thought I had heard everything till you came up with this brainy idea.
Short selling slaves!
Part of your program might have worked. If you borrow slaves and sell them, you pocket the money but are indebted to the real owners. What is crucial–that you are indebted to return a fungible slave and NOT money.
Then at the moment slavery is illegal, you no longer have the obligation to buy slaves in the open market, nor pay off the original owner. That moment forgives your obligation and makes it in fact illegal–leaving you with a pocket full of money.
Probs–the EP (which became effective in Jan 1863) was unenforceable where it applied.
Your “modest proposal” begs an interesting question: what sort of debts and debt forgiveness did the ending of slavery create. For instance, suppose someone bought a slave on time, and bought with the understanding of a future payment, and slavery ended–was the original debt also forgiven?

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