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The Alchemists — Gold, Fiat, and the Men Who Print Your Reality
Send us Fan MailThe Alchemists — Gold, Fiat, and the Men Who Print Your RealityLondon, sixteen-something. A goldsmith stands in his strongroom and has a thought that will reshape the world: hardly anyone ever comes to collect their gold… so what if I wrote receipts for gold that isn't there, and lent them out at interest?That thought is the seed of every bank on Earth. And tonight, Mark and Grim follow it all the way to your pocket.Because here's the fact that should stop you dead: in 2014 the Bank of England itself published a paper admitting that banks don't lend out your savings — they…
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