Lessons from a Massacre Committed 450 Years Ago – Loans for Stock in Austria

By
On August 25, 2022
Tags:

On this day in 1572, French Catholics slaughtered thirty thousand Protestants (known as Huguenots) in the streets of Paris. The French king and the pope helped organize the the biggest religious massacre in Europe in the 1500s. Roughly half the Bovards living in Paris were killed in the bloodbath. Three surviving Bovards fled past drunken guards at Paris’s city gates, raced to the coast, hijacked a rowboat, and made it across the English Channel and took refuge in London. Or at least that’s the Bovard family lore I’ve read. (I know not to bet the rent money on that lore’s accuracy.)

Some years ago at a DC reception, I met a cultural attaché from the French embassy. She saw my name tag and asked about my last name.

“Yes, it’s French. My ancestors were Huguenots,” I said.

“Oh—they were victims,” she replied remorsefully.

“Hell no! Getting kicked out of France was the best thing that ever happened to the Bovard family,” I replied with a big grin.

She just stared at me kind of wild-eyed. I fear I shattered her stereotypes of Huguenots.

After fleeing France, my forebearers resettled in northern Ireland. My ancestors were reportedly linen and lace manufacturers in France but became flax growers after resettling in County Donegal. I came by rusticity honestly.

In 1846, my Bovard ancestors exited for America. I explain my family history with this thumbnail: the Bovards were kicked out of France because the king was prejudiced against Protestants, and they were kicked out of Ireland because the Irish were prejudiced against horse thieves.

Actually, they left at the start of the great potato famine, but the fact checking police haven’t caught up with me yet. My kinfolk settled in western Pennsylvania. My great-great-grandfather dodged Abraham Lincoln’s military conscription, a step that I appreciate both philosophically and genetically.

The 1572 carnage at least had some positive philosophical results. Philippe de Mornay barely avoided being killed in the massacre, but seven years later, his pamphlet Vindiciae contra tyrannos (A Defense of Liberty against Tyrants) was published in Switzerland. This pamphlet laid the groundwork for subsequent authors (including British philosopher John Locke) to clearly establish the right to resist oppressive rulers. The book contained far more solid thinking on the nature of political institutions than one will encounter in political science classes, where progressive professors exalt the power of benevolent rulers, the Constitution be damned. De Mornay observed, “There is nothing which exempts the king from obedience which he owes to the law, which he ought to acknowledge as his lady and mistress.” Invoking Aristotle, he stressed, “Civilized people reduced kings to a lawful condition, by binding them to keep and observe the laws. Unruly absolute authority remained only amongst those who commanded over barbarous nations.” The vision of “government under the law” was one of the greatest lodestars of early modern political philosophy. De Mornay also derided “the minions of the court.” We have made great progress since his time—now we have think tank minions.

Sixteenth-century French philosopher Michel de Montaigne was horrified by the carnage in Paris as well as in Bordeaux, where he served periodically as mayor. Montaigne sought to deter religious genocide: “It is putting a very high price on our opinions to have a man roasted alive because of them.” He admitted that he could not say all that he believed: “I speak truth, not so much as I would, but as much as I dare; and I dare a little the more as I grow older.” But he never forthrightly condemned the St. Bartholomew Day’s Massacre. He did give a few winks to skepticism: “Man is certainly stark mad; he cannot make a worm, and yet he will be making gods by dozens.” He also recognized how adulation spawned some of the most dangerous illusions: “The strange luster that surrounds a king conceals and shrouds him from us.”

Almost two centuries later, Voltaire was spurred by the 1762 judicial murder of a Huguenot to zealously champion toleration. “Toleration has never been the cause of civil war; while, on the contrary, persecution has covered the earth with blood and carnage,” he wrote. In his Philosophical Dictionary, he declared, “What is tolerance? It is a necessary consequence of humanity. We are all fallible, let us then pardon each other’s follies. This is the first principle of natural right.”

The St. Bartholomew’s Day Massacre shows the perils of combining fanaticism with power. Unfortunately, this is a lesson which modern societies may soon need to learn again. A recent poll showed that more than half of Americans expect a civil war “in the next few years.” Hopefully that poll is as inaccurate as most of the polls preceding recent presidential elections. Historian Henry Adams observed a century ago that politics “has always been the systematic organization of hatreds.” Nowadays, politics seems hell-bent on multiplying hatred. And few things spur hatred more effectively than tarring all political opponents as traitors. But that is increasingly the coin of the realm in political disputes.

Toleration requires fewer body bags than rage. There are few things that people need to agree on to live peacefully (if not happily) side by side. But the popularity of notions such as “Silence Is Violence” epitomizes the systematic intolerance permeating progressive movements. Demanding that people assent to the latest contrived definitions of virtue is a huge step toward using government force to compel obedience to any mania that sweeps the latest mob of “influencers.”

Montaigne aptly observed more than four hundred years ago, “There is nothing so grossly and widely faulty as the laws.” That hasn’t changed since his time. The incompetence of legislators and tinhorn dictators is a standing rebuke to seeking to save humanity by vastly increasing political power. But from 1500s France to contemporary societies around the world, politicians always find ways to profit from the bloodshed they unleash. A far wiser path was recommended by the victim of a brutal police beating that helped spark the 1992 Los Angeles riots that left sixty-three people dead. As Rodney King wisely asked, “Can we all get along? Can we stop making it horrible?”

———

Global Securities Lenders specializes in custom liquidity solutions for those seeking to leverage concentrated market positions quickly, conveniently, and confidentially. We provide flexible terms and low interest rates specifically designed with your goals in mind. GSL recently announced our goal of working in Austria to provide securities lending to companies and high net worth individuals.

Securities-based lending, or a stock loan, is the practice of using market investments such as stocks, ETF’s, warrants, bonds, or real estate investment trusts as collateral for a loan. If you own free-trading, non-restricted stock on a major world exchange that trades at a minimum volume of $30,000 USD daily, you can qualify for a non-recourse, collateralized stock loan from one of our valued lenders in record time! Get an instant quote to see if you qualify.

Original Article: Read More

Original Source: Mises Wire

Categories:

Let's Start a Conversation

Instant Quote

Please fill out your information to see if you are pre-qualified.

Enter the Stock Symbol.

Select the Exchange.

Please enter your First Name.

Please enter your Last Name.

Please enter your phone number.

Please enter your Email Address.

Please enter or select the Total Number of Shares you own.

Please enter or select the Desired Loan Amount you are seeking.

Please select if you are an Officer/Director.

Global Securities Lenders, LLC may only offer certain information to persons who are “Accredited Investors” and/or “Qualified Clients” as those terms are defined under applicable Federal Securities Laws. In order to be an “Accredited Investor” and/or a “Qualified Client”, you must meet the criteria identified in ONE OR MORE of the following categories/paragraphs numbered 1-20 below.

Global Securities Lenders, LLC cannot provide you with any information regarding its Loan Programs or Investment Products unless you meet one or more of the following criteria. Furthermore, Foreign nationals who may be exempt from qualifying as a U.S. Accredited Investor are still required to meet the established criteria, in accordance with Global Securities Lenders, LLC’s internal lending policies. Global Securities Lenders, LLC will not provide information or lend to any individual and/or entity that does not meet one or more of the following criteria:

1) Individual with Net Worth in excess of $1.0 million. A natural person (not an entity) whose net worth, or joint net worth with his or her spouse, at the time of purchase exceeds $1,000,000 USD. (In calculating net worth, you may include your equity in personal property and real estate, including your principal residence, cash, short-term investments, stock and securities. Your inclusion of equity in personal property and real estate should be based on the fair market value of such property less debt secured by such property.)

2) Individual with $200,000 individual Annual Income. A natural person (not an entity) who had individual income of more than $200,000 in each of the preceding two calendar years, and has a reasonable expectation of reaching the same income level in the current year.

3) Individual with $300,000 Joint Annual Income. A natural person (not an entity) who had joint income with his or her spouse in excess of $300,000 in each of the preceding two calendar years, and has a reasonable expectation of reaching the same income level in the current year.

4) Corporations or Partnerships. A corporation, partnership, or similar entity that has in excess of $5 million of assets and was not formed for the specific purpose of acquiring an interest in the Corporation or Partnership.

5) Revocable Trust. A trust that is revocable by its grantors and each of whose grantors is an Accredited Investor as defined in one or more of the other categories/paragraphs numbered herein.

6) Irrevocable Trust. A trust (other than an ERISA plan) that (a)is not revocable by its grantors, (b) has in excess of $5 million of assets, (c) was not formed for the specific purpose of acquiring an interest, and (d) is directed by a person who has such knowledge and experience in financial and business matters that such person is capable of evaluating the merits and risks of an investment in the Trust.

7) IRA or Similar Benefit Plan. An IRA, Keogh or similar benefit plan that covers only a single natural person who is an Accredited Investor, as defined in one or more of the other categories/paragraphs numbered herein.

8) Participant-Directed Employee Benefit Plan Account. A participant-directed employee benefit plan investing at the direction of, and for the account of, a participant who is an Accredited Investor, as that term is defined in one or more of the other categories/paragraphs numbered herein.

9) Other ERISA Plan. An employee benefit plan within the meaning of Title I of the ERISA Act other than a participant-directed plan with total assets in excess of $5 million or for which investment decisions (including the decision to purchase an interest) are made by a bank, registered investment adviser, savings and loan association, or insurance company.

10) Government Benefit Plan. A plan established and maintained by a state, municipality, or any agency of a state or municipality, for the benefit of its employees, with total assets in excess of $5 million.

11) Non-Profit Entity. An organization described in Section 501(c)(3) of the Internal Revenue Code, as amended, with total assets in excess of $5 million (including endowment, annuity and life income funds), as shown by the organization’s most recent audited financial statements.

12) A bank, as defined in Section 3(a)(2) of the Securities Act (whether acting for its own account or in a fiduciary capacity).

13) A savings and loan association or similar institution, as defined in Section 3(a)(5)(A) of the Securities Act (whether acting for its own account or in a fiduciary capacity).

14) A broker-dealer registered under the Exchange Act.

15) An insurance company, as defined in Section 2(13) of the Securities Act.

16) A “business development company,” as defined in Section 2(a)(48) of the Investment Company Act.

17) A small business investment company licensed under Section 301 (c) or (d) of the Small Business Investment Act of 1958.

18) A “private business development company” as defined in Section 202(a)(22) of the Advisers Act.

19) Executive Officer or Director. A natural person who is an executive officer, director or general partner of the Partnership or the General Partner, and is an Accredited Investor as that term is defined in one or more of the categories/paragraphs numbered herein.

20) Entity Owned Entirely By Accredited Investors. A corporation, partnership, private investment company or similar entity each of whose equity owners is a natural person who is an Accredited Investor, as that term is defined in one or more of the categories/paragraphs numbered herein.

Please read the notice above and check the box below to continue.

Contact GSL

Please use our Instant Quote form to see if you're pre-qualified for a non-recourse stock loan, or if you have any questions or feedback, please email, call or chat with us.

+1 (954) 648-5454
2805 E Oakland Park Blvd #307, Fort Lauderdale, FL 33308 USA
Open 24 hours a day / 7 days a week / 365 days a year

Frequently Asked Questions

What Is Securities-Based Lending?

Securities-based lending, or a stock loan, is the practice of using market investments such as stocks, ETF’s, warrants, bonds, or real estate investment trusts as collateral for a loan.

How much money can I get for my securities?

Borrow up to 70% of the value of your pledged investments giving you the capital you need to expand your business, purchase real estate, or tackle a costly project.

What happens if my securities lose value?

With a non-recourse stock loan, you can walk away from your securities at any time and keep the loan money with no negative credit consequences even if the investments lose value.

Is my information safe with GSL?

We pride ourselves on outstanding service and make client confidentiality our top priority. You can always be absolutely certain your information is safe with us.

How long does it take for the disbursement of funds?

Most of the transactions we process take less than 7 days from application to the disbursement of funds giving you cash quickly when you need it most.

What credit score do I need to qualify?

There are no credit checks or personal guarantees necessary with our services. Your pledged securities are the only collateral required for the loan you receive.

Contact Us

Florida Office

2805 E Oakland Park Blvd #307
Fort Lauderdale, FL 33308

Call Us

+1 (954) 648-5454‬

Market Coverage