Some refer to it as the “Irish slaves myth,” which claims that there weren’t any Irish slaves, but “indentured servants.” However, according to UCLA history professor Roger McGrath, the Irish slave trade began when 30,000 Irish prisoners were sold as slaves to the New World. In most cases during the 17th and 18th centuries, Irish slaves were nothing more than human cattle.
Joining Larry Elder, professor McGrath uncovers the hidden history of Irish slavery, and answers questions such as “can the American treatment of Irish immigrants be compared to America’s treatment of blacks during slavery and during the Jim Crow era?”
Silicon Valley Bank’s recent failure marked the second-largest in U.S. history and the largest since the 2008 financial crisis. The run on the bank sent shockwaves through the financial world. Nearly 94 percent of its total deposits were uninsured as of year-end 2022, according to S&P Global Market Intelligence data. President Biden said that those depositors would not lose a single penny. However, will the bailout of Silicon Valley Bank create a moral hazard that threatens to bring down our entire banking system?
Joining Larry Elder to discuss this is Alfredo Ortiz, president and CEO of Job Creators Network. The conversation explores whether the bailout was necessary, the concerns of moral hazard, and how it could affect small businesses and regional banks. The discussion also touches on the inflation caused by the government’s reckless spending and its impact on the banking system.
The Larry Elder Show is sponsored by Birch Gold Group. Protect your IRA or 401(k) with precious metals today: http://larryforgold.com/