PALIHAPITIYA: These hedge funds are massively levered. You know you heard earlier about risk parity funds blowing up. These are not funds that are trading billions of dollars—Scott, when you go to a prime broker with $25 or $30 billion of Treasury securities, they’re allowing you to lever that up 10, 12, 13 times. In the case of some of these hedge funds, $100 billion funds running trillions of dollars of notional exposure and they are completely roiling the capital markets. They are turning around and turning upside down people’s 401ks and people’s pensions, driving companies down 70% when they maybe should only be down 30%. Somebody needs to answer for that volatility.
Ok so there’s these tidal islands in Northern Germany that are connected by little tiny trains that you have to drive yourself, which is already delightfully ghibli-esque.
But then I found out UNTIL THE 196OS, THE TRAINS HAD LITTLE SAILS AND WERE WIND-POWERED?
THAT’S THE MOST GHIBLI THING TO EVER EXIST ON THIS PLANET, BRING IT BACK YOU MONSTERS.
Ok clearly, we just need a ghibli movie set in a world inspired by East Frisia, because in addition to the Sail-Wagons, they also have:
Windmills
Lighthouses
The world’s highest per capita tea consumption, with adorably ghibliesque tea ceremonies
Houses that look like this
Farms that look like this
Heart-shaped waffles (ok that’s everywhere in Northern Germany, but our adorable waffles deserve a ghibli cameo).
On this day, 11 April 1945, as US forces approached, the inmate resistance seized control of Buchenwald concentration camp in Germany.
However, when the Allies took control of the concentration camps many of those interned for homosexuality were not freed, but required to serve out the full term of their sentences under the homophobic Nazi penal code.
Those who were released were not acknowledged as victims of Nazi persecution and were refused reparations.
For more LGBT+ history, check out our podcast series: https://workingclasshistory.com/tag/lgbtq/
Pictured: The liberation of Buchenwald https://www.facebook.com/workingclasshistory/photos/a.296224173896073/1397817380403408/?type=3
