In the vastness of the network, I recently read an investigation story, which, more than ever, perfectly illustrates the topic of our today's publication. So, the story is not mine, I will state it briefly.
The story of the collapse of Wall Street in 1929 and the miraculous rescue of his capital by one of the bigwigs of that time.
John P. Morgan appears in Russian sources:
The famous American banker John P. Morgan in 1929, a few days before the stock market crash, managed to get rid of almost all the shares he owned. The commission of the US Congress suspected Morgan of using insider information and manipulating the market. The banker explained that he was helped to save his capital from the crisis by a shoe shiner who, while cleaning his shoes, inquired about the prospects for the shares of the railway company that he had bought. “When a shoe shiner enters the market, there is nothing more for professionals to do on it,” the financier decided.
A search for this story with Morgan's name in English sources turned up no results. But! Here's what the author found:
Rothschild's article in FORTUNE magazine, April 1996, in which he describes the same story only about Joseph Patrick "Joe" Kennedy - the father, the future president of the United States.
In all English-language sources there is only one surname - Kennedy, not Rockefeller, not Morgan, not anyone else. Even on the website of the Securities Commission there is a mention of this.
Joseph Kennedy entered the brokerage business in 1919, where he became a great pundit and was even suspected of market manipulation and insider trading. He later opened his own company in 1923 and became a multi-millionaire in the bull market during the 1920s.
Moreover, he anticipated the 1929 crisis and shorted them before the stock market crash began to unfold. Kennedy survived the crisis because he "had a passion for facts, a complete lack of feeling, and an amazing sense of timing."
And the story about a shoe-shine boy was invented by him so that it would not be so offensive to everyone else who lost his head in a bull market, and then money in a bear market.
Regarding sources and facts, there is another interesting point.
There is a story in Russian sources that "the Commission of the US Congress suspected Morgan of using insider information and manipulating the market." Bloggers picked it up without checking the facts and replicated it.
First, we remember that there was no talk of any Morgan.
And secondly, there was no commission. The US Congress in 1934 decided to create that very famous securities commission - the SEC. But the story does not end there. Do you know who became the first chairman of this commission?
It was the same John Kennedy!
They chose a manipulator to stop manipulations in the market...
What is the conclusion from this whole story?
Study primary sources, check the data and double-check them if you want to get to the bottom of the truth. Because the vast majority of "sensations" taught in the media turn out to be zilch if you check the data in the primary sources or even the sources they refer to.
Sometimes it’s enough even just to “take a phrase out of context” to completely change the original meaning.
Therefore, do not trust anyone, check the materials that are important to you.
To increase the accuracy of the checked content, the Exorde system was created. Exorde is built around a core platform that provides unbiased credibility scores for information (and virality-related analytics) based on the community, AI modules, and a token-based economy.
This platform is decentralized, open and transparent. This is where participants will work together to index the entire network, extract its unstructured information, relationships, similarities, trends, and any type of pattern in information circulating throughout the internet, regardless of platform or media.
Exorde as a knowledge network can use the unstructured content of the Internet and perform a first-of-its-kind analysis of the virality of information circulating throughout the network.
The Exorde Work Systems are the core component and will serve as the base layer for the entire ecosystem. Exorde is based on four main parameters:
Ethereum is an open source platform that allows developers to create and deploy decentralized applications on it.
Skale is an elastic sidechain network connected to the Ethereum chain, acting as an execution layer. It is a scalable and elastic environment that provides high transaction throughput.
Filecoin is a decentralized data storage system that intends to replace the expensive and inefficient servers of Google and Amazon.
NLP is an artificial intelligence module that will work with unstructured text. AI will be able to recognize objects in the text, extract sentences, facts, compare them with each other and perform similarity checks.
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