Woo-wee, a whole 508 policies.
I did some ballpark calculations to scale the mortgage slave capitalism.
| Number | Total | Today $32.89 | Notes | |
|---|---|---|---|---|
| Slave mortgages | 250,000 | 250,000 | Ballpark number, probably undershooting | |
| Price per person | $750 | $187,500,000 | $6,166,875,000 | Mortgage total |
| Fractional Reserve Banking | 5% | $3,750,000,000 | $123,337,500,000 | Sloshing weight in the investment world |
That’s an out-of-my-ass guess at the number of mortgages. It could easily be much larger. The price per person (spit!) is rough but probably not too bad. The fractional reserve % might be smaller depending on how loose the rules were at the time.
That’s quite a total that would have to be written off, for the Confederate Act of Sequestration in 1861, and then for the Emancipation Proclamation.
And they don’t talk about it.
