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Subliminal Jihad

*REDUX* [#79c] THE LITTLE ENGINE THAT CULLED: History of the Great American Fortunes, Vol. II [Pt 3]

Oct 4, 2023
In this podcast, they discuss the career of Jay Gould, a con artist in the railroad industry. Topics include his fraudulent activities, bold market manipulation, scandalous conspiracy to corner the gold market, and his eventual defrauding at the hands of a charismatic con artist. They also touch on corrupt practices in railroads, the impact on fortunes and workers, and the intricate relationship between copper, tin, the military, and labor unions.
01:38:07

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Podcast summary created with Snipd AI

Quick takeaways

  • Jay Gould's audacious fraud and manipulation of the gold market showcased the dark underbelly of the financial world.
  • The pervasive corruption among the elite, including Gould's fraudulent stock transactions and manipulation of legislation, elections, and the press, revealed the extent of their power and influence.

Deep dives

Gold's Fraudulent Railroad Scheme

Gold, in a scheme involving the Erie Railroad, manipulated stock prices, looted the treasury, and bribed legislators and judges to maintain control and silence dissent. He exploited public funds, issued fraudulent stock, and corrupted the lawmaking power of government. Gold's actions contributed to the centralization of wealth, soaring interest rates, and further impoverishment of workers. He engaged in illicit financial activities, including cornering the gold market, leading to financial panic and widespread distress. Gold's audacity and disregard for moral and legal boundaries enabled him to amass immense power and influence.

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