This is the hillfort of Castromao (Celanova, #Galicia), the former Coeliobriga (celt., 'The fort of the Bold'). An object found here is key to understanding the politics of the hillforts. Other... is just the cutest thing you will see today on twitter. Go!👇 #HillfortsWednesday
https://t.co/6pcFwY1kOk
More from History
THREAD: With #silversqueeze trending on Twitter, it appears that this week's market spectacle may well be in the silver market.
A perfect moment for a thread on the Hunt Brothers and their alleged attempt to corner the silver market...
1/ First, let's set the stage.
The Hunt Brothers - Nelson Bunker Hunt, William Herbert Hunt, and Lamar Hunt - were the sons of Texas tycoon H.L. Hunt.
H.L. Hunt had amassed a billion-dollar fortune in the oil industry.
He died in 1974 and left that fortune to his family.
2/ After H.L.'s passing, the Hunt Brothers had taken over the family holdings and successfully managed to expand the Hunt empire.
By the late 1970s, the family's fortune was estimated to be ~$5 billion.
In the financial world, the Hunt name was as good as gold (or silver!).
3/ But the 1970s were a turbulent time in America.
Following the oil crisis of the early 1970s, the U.S. had entered a period of stagflation - a dire macroeconomic condition characterized by high inflation, low growth, and high unemployment.
4/ The Hunt Brothers - particularly Nelson Bunker and William Herbert - believed that the inflationary environment would persist and destroy the value of their family's holdings.
To hedge this risk, they turned to silver.
They began buying the metal at ~$3 per ounce in 1973.
A perfect moment for a thread on the Hunt Brothers and their alleged attempt to corner the silver market...
1/ First, let's set the stage.
The Hunt Brothers - Nelson Bunker Hunt, William Herbert Hunt, and Lamar Hunt - were the sons of Texas tycoon H.L. Hunt.
H.L. Hunt had amassed a billion-dollar fortune in the oil industry.
He died in 1974 and left that fortune to his family.
2/ After H.L.'s passing, the Hunt Brothers had taken over the family holdings and successfully managed to expand the Hunt empire.
By the late 1970s, the family's fortune was estimated to be ~$5 billion.
In the financial world, the Hunt name was as good as gold (or silver!).
3/ But the 1970s were a turbulent time in America.
Following the oil crisis of the early 1970s, the U.S. had entered a period of stagflation - a dire macroeconomic condition characterized by high inflation, low growth, and high unemployment.
Stagflation 101
— Sahil Bloom (@SahilBloom) September 2, 2020
The term "stagflation" is used frequently in discussions of monetary policy and risks in the post-COVID world.
But what is stagflation and how does it work?
Here's Stagflation 101!
\U0001f447\U0001f447\U0001f447 pic.twitter.com/at4FmaCmkM
4/ The Hunt Brothers - particularly Nelson Bunker and William Herbert - believed that the inflationary environment would persist and destroy the value of their family's holdings.
To hedge this risk, they turned to silver.
They began buying the metal at ~$3 per ounce in 1973.
TIL:
- first Western detective stories translated & published in Japan in *1863*--that's pre-Meiji, even!
- first Chinese-written detective stories featuring Western-style detectives starred women as both detectives and criminals were published in 1907--author Lü Simian (!).
Quote: “This case is so complicated that even Sherlock Holmes would feel helpless if it fell into his hands. [Now] it is solved by a woman who returned from abroad for a brief
visit to her hometown. Who is to say that the wisdom of Chinese cannot compete with the Westerners?”
The lead female detective in these stories, Chu Yi, is a fan of Doyle's Holmes stories and asks herself "What would Sherlock Holmes do?" while crime-solving, but succeeds through her use of martial arts and more "Chinese" attributes--China, not the West, solves the crimes.
Author Lü Simian, btw, is this guy: https://t.co/swPvAxr87J . One of the "four greatest modern Chinese historians," also wrote a landmark work of literary theory, and helped cohere Chinese detective fiction with his stories. Bit of a badass.
Holmes was the dominant influence on Chinese detective fiction of the late-Qing & early Republic years, and the biggest star of Chinese detective fiction of those years, Cheng Xiaoqing's Huo Sang, was a spin on Holmes.
- first Western detective stories translated & published in Japan in *1863*--that's pre-Meiji, even!
- first Chinese-written detective stories featuring Western-style detectives starred women as both detectives and criminals were published in 1907--author Lü Simian (!).
Quote: “This case is so complicated that even Sherlock Holmes would feel helpless if it fell into his hands. [Now] it is solved by a woman who returned from abroad for a brief
visit to her hometown. Who is to say that the wisdom of Chinese cannot compete with the Westerners?”
The lead female detective in these stories, Chu Yi, is a fan of Doyle's Holmes stories and asks herself "What would Sherlock Holmes do?" while crime-solving, but succeeds through her use of martial arts and more "Chinese" attributes--China, not the West, solves the crimes.
Author Lü Simian, btw, is this guy: https://t.co/swPvAxr87J . One of the "four greatest modern Chinese historians," also wrote a landmark work of literary theory, and helped cohere Chinese detective fiction with his stories. Bit of a badass.
Holmes was the dominant influence on Chinese detective fiction of the late-Qing & early Republic years, and the biggest star of Chinese detective fiction of those years, Cheng Xiaoqing's Huo Sang, was a spin on Holmes.