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Thread: British slavery abolishment compensation

  1. #1

    British slavery abolishment compensation

    For some time I've been thinking that the abolishment of slavery was nothing more than a publicity stunt (and that slavery effectively has continued to this very day). The following suggests that abolishing slavery was a trick to send taxpayer's money to the slave drivers.


    In 1833, the British government passed the Slavery Abolition Act, which abolished slavery in most parts of the British empire and (in one of those great examples of protecting "free trade") required compensating the slave drivers for losing their slaves.
    You might expect that this so-called “slave compensation” would go to the freed slaves but the money went exclusively to those "poor" owners of slaves. The British state has never paid any money, nor apologised, to the slaves or their descendants. Britain commanded the largest slave plantation economies on earth, with more than 800,000 people enslaved.


    So on 3 August 1835, Nathan Mayer Rothschild and his brother-in-law Moses Montefiore agreed to loan the British government £15 million, with the government adding an additional £5 million later, to finance the compensation payments for the slave drivers.
    This was one of the largest loans in history, with the total sum equivalent to 40% of the government’s yearly budget and correcting for inflation amounts to some £300 billion today (in 2018 that is).


    In reality slavery was not abolished in all parts of the British empire in 1833 but continued in Ceylon (now Sri Lanka) and British India, amongst others.
    Besides that until 1838 the enslaved had to continue to work in unfreedom without pay, now called “apprenticeship” (instead of "slavery"). And after that they could work "in freedom" to pay for food and shelter (on the same plantations).


    You can be forgiven for thinking that this is ancient history, but the 1835 £20 million sum was so large that the British taxpayer continued to pay off this huge compensation for 180 years until 2015!
    So thanks to Britain, once again, the rich got even richer...


    Other slave-owning states, including France, Denmark, the Netherlands and Brazil, would follow the British example of funnelling taxpayer's money to the slave owners under the guise of "abolishing" slavery: https://www.theguardian.com/news/201...ainst-humanity
    Do NOT ever read my posts. Google and Yahoo wouldn’t block them without a very good reason: Google-censors-the-world/page3

    Donald Trump, another puppet controlled by the international elite: https://www.lawfulpath.com/forum/vie...=1038&start=60



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  3. #2
    So... let's not use anachronistic morality here.

    Let's say the government made owning horses illegal - would ranchers not expect compensation for their loss?

    It's hard to view this from our point of view, perhaps, but even though this was incredibly expensive, it could be argued that it was a worthwhile investment. Had this not been done, the human slavery that had existed as an industry since the dawn of time may never have ended.

    That being said, many of these slave owners got compensated more than the value of their loss. Once again proving that anything government does, they screw up.
    "And now that the legislators and do-gooders have so futilely inflicted so many systems upon society, may they finally end where they should have begun: May they reject all systems, and try liberty; for liberty is an acknowledgment of faith in God and His works." - Bastiat

    "It is difficult to free fools from the chains they revere." - Voltaire

  4. #3
    If only the US decided to end slavery the way the British did. I wonder how much that would have compared to fighting a 4 year civil war?
    "Perhaps one of the most important accomplishments of my administration is minding my own business."

    Calvin Coolidge

  5. #4
    Quote Originally Posted by CaptUSA View Post
    So... let's not use anachronistic morality here.

    Let's say the government made owning horses illegal - would ranchers not expect compensation for their loss?
    Please don't make flawed comparisons.
    You could make other stupid comparisons, like the private companies that benefited from slave labour in the Nazi concentration camps were never compensated after the Allied forces "liberated" Europe. But instead the Jews received compensation...


    Quote Originally Posted by CaptUSA View Post
    It's hard to view this from our point of view, perhaps, but even though this was incredibly expensive, it could be argued that it was a worthwhile investment. Had this not been done, the human slavery that had existed as an industry since the dawn of time may never have ended.

    That being said, many of these slave owners got compensated more than the value of their loss. Once again proving that anything government does, they screw up.
    Slavery wasn't really abolished but has continued till this very day. Of course the "slavery" changed a little. The slave drivers got other responsibilities, paying wages, instead of providing food and shelter for their workers/slaves, while they lost some executive punishment for incentive.

    My interpretation is that it was a gigantic fraud to give more taxpayer's money to the wealthy elite, who have used it to keep us enslaved...
    Do NOT ever read my posts. Google and Yahoo wouldn’t block them without a very good reason: Google-censors-the-world/page3

    Donald Trump, another puppet controlled by the international elite: https://www.lawfulpath.com/forum/vie...=1038&start=60

  6. #5
    Quote Originally Posted by Firestarter View Post
    You can be forgiven for thinking that this is ancient history, but the 1835 £20 million sum was so large that the British taxpayer continued to pay off this huge compensation for 180 years until 2015!
    Not true!
    In 1844 and 1888, British government debt was refinanced, so the 1835 loan no longer existed in its original form after 1888. This means that the "Slavery Loan" was either: paid off in 1844, 1888 or won’t ever be paid off...


    According to the conditions of the original 1835 loan, the government, in return for the £15 million, would pay £551,875 per year for 25 years, and after that £450,000 per year forever (still paying?) to the lenders.


    In 2015, the British government once again borrowed money (over £2 trillion) to refinance its debt, with the intention to never repay it. So if this debt still existed in 2015, the British taxpayer will continue to "repay" the loan to the slave owners forever: https://archive.is/ZFXUQ
    Do NOT ever read my posts. Google and Yahoo wouldn’t block them without a very good reason: Google-censors-the-world/page3

    Donald Trump, another puppet controlled by the international elite: https://www.lawfulpath.com/forum/vie...=1038&start=60

  7. #6
    The following is an overview of some of the slave drivers that got huge slavery abolishment payments from the British government, whose legacy lives on through their descendants. Many members of these families were later installed as Knight in the Order of the Garter (KG).
    About one-fifth of wealthy Victorian Britons derived (part of) their fortunes from the slave economy.

    One of Britain's earliest bankster families, the Barings, got slave compensation (Alexander Baring KG in 1969, followed by 3 other Barings).
    Also the second Earl of Harewood, Henry Lascelles, an ancestor of Queen Eliabeth II's cousin and KG since 1922, received £26,309 pounds for 2,554 slaves.

    John Gladstone received a whopping £106,769 (equivalent to £83 million in 2013).
    John was the father of 19th-century prime minister William Gladstone, who was directly involved in his father's claim. His great-grandson, also William Gladstone, became a KG in 1999.

    The ancestors of former minister Douglas Hogg, whose son Quintin Hogg became a KG in 1988, got huge compensation payments.
    The Hogg dynasty are descendants of Charles McGarel, who made a fortune from slave ownership. From 1835 to 1837, he received an astounding £129,464 for his 2,489 slaves (comparable to £101 million in 2013 money).

    Also ancestors of ... received slave compensation payments.
    Former PM David Cameron (high nobility Bullingdon boy, who is a favourite to become KG),
    Famous authors Graham Greene and George Orwell: https://www.independent.co.uk/news/u...n-8508358.html



    For more on the Most Noble Order of the Garter: Dragon-court#post6709877
    Do NOT ever read my posts. Google and Yahoo wouldn’t block them without a very good reason: Google-censors-the-world/page3

    Donald Trump, another puppet controlled by the international elite: https://www.lawfulpath.com/forum/vie...=1038&start=60

  8. #7
    Slavery could never be abolished. It just adapts through time, hiding behind other names and conditions.



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