1 00:00:02,960 --> 00:00:06,920 Speaker 1: And it's another episode of a podcast that I do. 2 00:00:07,240 --> 00:00:13,640 Speaker 1: I have forgotten which one. Sophie, what is my job? You? 3 00:00:13,640 --> 00:00:19,800 Speaker 1: You you are a professional podcaster you hosted That does 4 00:00:19,840 --> 00:00:21,959 Speaker 1: not sound right. I know even when I said it, 5 00:00:21,960 --> 00:00:26,119 Speaker 1: I was like, yeah, you're Robert Evans, the host of 6 00:00:26,200 --> 00:00:31,760 Speaker 1: Behind the Bastards, a show about the work history and today. Oh, 7 00:00:31,800 --> 00:00:34,440 Speaker 1: I forgot it because of the head injuries. Um well, 8 00:00:34,479 --> 00:00:36,680 Speaker 1: then I guess I should read this script that someone 9 00:00:36,680 --> 00:00:39,720 Speaker 1: has handed me. Uh and the script says that my 10 00:00:39,800 --> 00:00:45,120 Speaker 1: guest today is Lacy. Mostly script is right. Oh, I 11 00:00:45,280 --> 00:00:51,120 Speaker 1: love a manufactured Jamaican air horn. It's my favorite. Yeah. Yeah, no, 12 00:00:51,240 --> 00:00:53,320 Speaker 1: there's no air horn like the one you pretend to 13 00:00:53,400 --> 00:00:58,920 Speaker 1: make with your mouth. So, Lacy, how's it going. Let's 14 00:00:58,960 --> 00:01:01,760 Speaker 1: say I assume because it's minutes after we recorded the 15 00:01:01,800 --> 00:01:06,280 Speaker 1: first episode, it's going good. It's nice to talk to people. 16 00:01:06,560 --> 00:01:09,240 Speaker 1: Like on days where I have lots of podcasts, I'm like, oh, 17 00:01:09,280 --> 00:01:10,800 Speaker 1: this is gonna be a long day. But then I'm like, oh, 18 00:01:10,880 --> 00:01:15,160 Speaker 1: it's just talking to people I like, so then it's great. Yeah, 19 00:01:15,600 --> 00:01:22,000 Speaker 1: you know, I uh. I don't have many social outlets 20 00:01:22,040 --> 00:01:27,480 Speaker 1: these days because of the plague and being an introvert. 21 00:01:27,560 --> 00:01:30,000 Speaker 1: So yes, I too, I too get all of my 22 00:01:30,080 --> 00:01:33,600 Speaker 1: social life by talking about con men with my friends 23 00:01:33,600 --> 00:01:35,679 Speaker 1: over the internet. So thank you for being my con 24 00:01:35,760 --> 00:01:38,480 Speaker 1: man friend. Yes, I love this. Wait were you doing 25 00:01:38,560 --> 00:01:43,560 Speaker 1: lots of socializing before COVID? I feel like you know. No, no, no, 26 00:01:43,840 --> 00:01:47,680 Speaker 1: I was mostly hiding in a fortified compact anyway. So 27 00:01:47,760 --> 00:01:50,720 Speaker 1: when Gregor McGregor traveled back to London in one he 28 00:01:50,760 --> 00:01:53,000 Speaker 1: brought back with him his wife in a scheme that 29 00:01:53,240 --> 00:01:56,320 Speaker 1: was on the surface very silly. The land that he 30 00:01:56,360 --> 00:01:58,520 Speaker 1: had been given was beautiful, but again worthless from a 31 00:01:58,520 --> 00:02:00,920 Speaker 1: financial perspective. It was a bad place to grow. It 32 00:02:01,000 --> 00:02:04,800 Speaker 1: was completely uncultivated, so discovering like whatever resources might be 33 00:02:04,880 --> 00:02:07,000 Speaker 1: there would take lifetime's worth of work. You'd have to 34 00:02:07,000 --> 00:02:10,200 Speaker 1: cut through miles of jungle to even do anything. There 35 00:02:10,240 --> 00:02:12,560 Speaker 1: were natives there, but none of the kind of cultivated 36 00:02:12,600 --> 00:02:15,560 Speaker 1: infrastructure that Europeans looked for in colonial prospects. Remember, the 37 00:02:15,560 --> 00:02:18,880 Speaker 1: most successful colonies that Europeans took were in places where 38 00:02:18,919 --> 00:02:22,040 Speaker 1: like locals had been doing ship for a while, like 39 00:02:22,440 --> 00:02:25,640 Speaker 1: food was growing, like ship was They kind of had 40 00:02:25,680 --> 00:02:28,000 Speaker 1: to just move in. And this is not that this 41 00:02:28,080 --> 00:02:32,640 Speaker 1: is like, this is actual uncultivated country. None of this 42 00:02:32,680 --> 00:02:35,240 Speaker 1: matter to Gregor, obviously, because he had no plan in 43 00:02:35,280 --> 00:02:38,720 Speaker 1: doing anything employer. His plan was to lie and pretend 44 00:02:38,760 --> 00:02:41,480 Speaker 1: it was an actual independent nation, filled with riches and 45 00:02:41,520 --> 00:02:44,760 Speaker 1: fertile land and friendly natives eager to learn from British 46 00:02:44,760 --> 00:02:48,440 Speaker 1: civil Friendly natives, you know, natives we love when when 47 00:02:48,480 --> 00:02:50,720 Speaker 1: the Brits come and take all our ship and give 48 00:02:50,800 --> 00:02:55,240 Speaker 1: us us They love it. Oh that doesn't sound like 49 00:02:55,280 --> 00:02:58,160 Speaker 1: the British name. More than forty times they did that. 50 00:02:59,639 --> 00:03:01,959 Speaker 1: Come all, we're here, we we love to see it. 51 00:03:03,680 --> 00:03:06,520 Speaker 1: So uh yeah. He his plan was to drum up 52 00:03:06,520 --> 00:03:09,720 Speaker 1: a media frenzy around his new country and Great Britain 53 00:03:09,760 --> 00:03:12,280 Speaker 1: and sell plots of land back to Global Rubes. And 54 00:03:12,280 --> 00:03:14,280 Speaker 1: then it wasn't really clear what he planned to do 55 00:03:14,320 --> 00:03:15,960 Speaker 1: after that, but it was like, if you've seen the 56 00:03:15,960 --> 00:03:19,200 Speaker 1: monorail episode of The Simpsons, that's kind of what he 57 00:03:19,280 --> 00:03:22,240 Speaker 1: was going for. It seems like. So as it happened, 58 00:03:22,280 --> 00:03:24,960 Speaker 1: Gregor landed in London during the best possible time to 59 00:03:25,000 --> 00:03:27,600 Speaker 1: sell a fake Latin American nation idiots. And I'm going 60 00:03:27,639 --> 00:03:30,440 Speaker 1: to explain how this scheme got off the ground, but 61 00:03:30,560 --> 00:03:32,760 Speaker 1: first I'm gonna have to walk you through how stock 62 00:03:32,800 --> 00:03:34,720 Speaker 1: trading worked in the eighteen twenties. And this is a 63 00:03:34,720 --> 00:03:37,520 Speaker 1: funner story than you might expect. So the idea of 64 00:03:37,520 --> 00:03:40,320 Speaker 1: trading stocks is still pretty new in the eighteen twenties. 65 00:03:40,320 --> 00:03:42,760 Speaker 1: People have not been doing it in like a kind 66 00:03:42,800 --> 00:03:45,880 Speaker 1: of recognizable modern way for a long time. The whole 67 00:03:45,920 --> 00:03:49,040 Speaker 1: concept had arisen in London during the time of Queen Elizabeth, 68 00:03:49,080 --> 00:03:51,960 Speaker 1: the first out of what was called merchant banking, the 69 00:03:52,000 --> 00:03:55,560 Speaker 1: selling and trading of various commodities. Now this took off 70 00:03:55,600 --> 00:03:58,160 Speaker 1: in the Aisles because the continent of Europe's but basically 71 00:03:58,200 --> 00:04:00,720 Speaker 1: the seventeen hundreds and eighteen hundreds fighting a bunch of 72 00:04:00,720 --> 00:04:03,800 Speaker 1: horribly bloody wars, and the men who profited from those 73 00:04:03,800 --> 00:04:06,480 Speaker 1: wars did all of their financial gambling in London because 74 00:04:06,520 --> 00:04:09,240 Speaker 1: London was safe. Right, people aren't getting over to England 75 00:04:09,240 --> 00:04:11,840 Speaker 1: into when they're fighting. Um, so it's a pretty good 76 00:04:11,840 --> 00:04:14,200 Speaker 1: place to do your trading. Uh So. It was an 77 00:04:14,280 --> 00:04:16,919 Speaker 1: English bank that managed the fifteen million dollar loan that 78 00:04:16,960 --> 00:04:19,719 Speaker 1: let the US by Louisiana, And it was Rothschild's bank 79 00:04:19,760 --> 00:04:21,839 Speaker 1: that loaned Britain and her allies more than a hundred 80 00:04:21,839 --> 00:04:27,080 Speaker 1: million pounds during the Napoleonic wars. Now, when those wars ended, 81 00:04:27,200 --> 00:04:29,040 Speaker 1: the situations kind of like it was for the US 82 00:04:29,080 --> 00:04:31,680 Speaker 1: and World War Two, where everyone else is devastated and 83 00:04:31,680 --> 00:04:34,160 Speaker 1: the British are doing all right, um, and they kind 84 00:04:34,200 --> 00:04:36,600 Speaker 1: of like wind up holding everybody's money at the end 85 00:04:36,600 --> 00:04:39,200 Speaker 1: of that war. Uh. And so with the fighting over, 86 00:04:39,240 --> 00:04:41,080 Speaker 1: you had all these rich guys who had more money 87 00:04:41,120 --> 00:04:43,400 Speaker 1: than ever and they wanted to make even more money 88 00:04:43,400 --> 00:04:45,320 Speaker 1: with that, because that's the only thing rich guys do 89 00:04:45,440 --> 00:04:48,000 Speaker 1: with huge piles of money. So they want to do, yeah, 90 00:04:48,040 --> 00:04:49,880 Speaker 1: their hoarders, and they want to like make more money 91 00:04:49,880 --> 00:04:52,279 Speaker 1: and they so they want to like gamble on something. 92 00:04:52,720 --> 00:04:55,880 Speaker 1: And the Royal Exchange had for decades kind of handled 93 00:04:55,880 --> 00:04:58,960 Speaker 1: that gambling. But by the end of the Napoleonic Wars, 94 00:04:59,000 --> 00:05:01,760 Speaker 1: there's way too much money for this tiny little exchange 95 00:05:01,800 --> 00:05:04,720 Speaker 1: to handle and there was no like real regulation and 96 00:05:04,720 --> 00:05:07,560 Speaker 1: this this had started to become a problem. They were 97 00:05:07,560 --> 00:05:11,200 Speaker 1: all these frauds and conman and uh, yeah, people were 98 00:05:11,200 --> 00:05:14,080 Speaker 1: worried that the entire economy was going to collapse under 99 00:05:14,080 --> 00:05:16,680 Speaker 1: like a whole bunch of giant grifts. And this had 100 00:05:16,680 --> 00:05:19,560 Speaker 1: happened before, and it kind of happened repeatedly. As soon 101 00:05:19,600 --> 00:05:23,280 Speaker 1: as people started trading stocks. UH. In seventeen twenty, there 102 00:05:23,320 --> 00:05:25,680 Speaker 1: was something called the south Sea Bubble. This started when 103 00:05:25,680 --> 00:05:28,640 Speaker 1: the south Sea Company bribed the British government with millions 104 00:05:28,640 --> 00:05:32,200 Speaker 1: of dollars in exchange for monopoly and South American trade. UH. 105 00:05:32,240 --> 00:05:34,640 Speaker 1: The government needed that money for a different war with France, 106 00:05:34,680 --> 00:05:37,000 Speaker 1: so they passed a bill to make this legal um 107 00:05:37,080 --> 00:05:40,159 Speaker 1: and suddenly all like the south Sea Company stock rises 108 00:05:40,160 --> 00:05:42,520 Speaker 1: to ten times its value, and all these Englishmen see 109 00:05:42,520 --> 00:05:45,000 Speaker 1: like it's like with bitcoin, suddenly like oh my god, 110 00:05:45,000 --> 00:05:48,040 Speaker 1: that got worth so much more overnight. Something else has 111 00:05:48,040 --> 00:05:49,520 Speaker 1: got to be like that. What if I invest in 112 00:05:49,600 --> 00:05:51,320 Speaker 1: something else and then I can get rich too, And 113 00:05:51,360 --> 00:05:54,640 Speaker 1: so there's like anyway, speculation starts running wild and people 114 00:05:54,640 --> 00:05:57,080 Speaker 1: start investing in some really stupid ship. And I'm gonna 115 00:05:57,120 --> 00:06:00,520 Speaker 1: quote from a write up in Historic UK here speculation 116 00:06:00,600 --> 00:06:02,839 Speaker 1: ran wild, and all sorts of companies, some lunatics, some 117 00:06:02,920 --> 00:06:06,520 Speaker 1: fraudulent or just optimistic, were launched. For example, one company 118 00:06:06,520 --> 00:06:09,159 Speaker 1: floated was to buy the Irish bogs. Another was to 119 00:06:09,240 --> 00:06:13,080 Speaker 1: manage manufacture a gun to fire square cannon balls, and 120 00:06:13,160 --> 00:06:16,760 Speaker 1: most ludicrous at all quote this was an investment at 121 00:06:16,760 --> 00:06:20,160 Speaker 1: the time for carrying on an undertaking of great advantage, 122 00:06:20,200 --> 00:06:23,560 Speaker 1: but no one to know what it is. Yes, that's 123 00:06:23,600 --> 00:06:25,800 Speaker 1: not how to scam silicon. Then they're like, if we 124 00:06:25,880 --> 00:06:28,040 Speaker 1: tail you, then somebody's most steal it. But just give 125 00:06:28,120 --> 00:06:30,479 Speaker 1: us money for the thing that would make it. Yeah, 126 00:06:30,720 --> 00:06:33,080 Speaker 1: And of course the bubble burst and the entire economy 127 00:06:33,120 --> 00:06:35,560 Speaker 1: collapsed and the government had to resign. So like that 128 00:06:35,680 --> 00:06:38,440 Speaker 1: had happened about a century before, and people saw the 129 00:06:38,480 --> 00:06:40,400 Speaker 1: same stuff starting to happen again and they got like 130 00:06:40,480 --> 00:06:44,000 Speaker 1: really worried. Um, So the more level headed citizens in 131 00:06:44,040 --> 00:06:46,880 Speaker 1: England decided to make a system of rules and regulations 132 00:06:46,920 --> 00:06:50,320 Speaker 1: to govern the selling of stocks so the country wouldn't 133 00:06:50,320 --> 00:06:53,000 Speaker 1: be destroyed completely by reckless greed. And this is kind 134 00:06:53,040 --> 00:06:55,400 Speaker 1: of how the London Stock Exchange came about. And like 135 00:06:55,440 --> 00:06:57,360 Speaker 1: there's there's a lot more to the history than that, 136 00:06:57,400 --> 00:06:59,560 Speaker 1: but that's more or less the anyway. So you get 137 00:06:59,560 --> 00:07:02,960 Speaker 1: this stock exchanged by the eighteen hundreds and it regulates 138 00:07:02,960 --> 00:07:06,200 Speaker 1: trading and only approved entities could list commodities for sale 139 00:07:06,279 --> 00:07:09,160 Speaker 1: or sell commercial stock, so fraud was kept to a minimum, 140 00:07:09,400 --> 00:07:12,520 Speaker 1: which was good for the economy but bad for people 141 00:07:12,560 --> 00:07:16,960 Speaker 1: who want to get rich quick, bad for fraud, Bad 142 00:07:16,960 --> 00:07:20,120 Speaker 1: for fraud uh, So the London Stock Exchange worked for 143 00:07:20,160 --> 00:07:22,360 Speaker 1: a while to keep fraud in check. But then Napoleon 144 00:07:22,440 --> 00:07:25,160 Speaker 1: loses his war and British, the British wind up with 145 00:07:25,200 --> 00:07:27,480 Speaker 1: all of the money in the world, and that kind 146 00:07:27,480 --> 00:07:31,120 Speaker 1: of makes people reckless, so they start looking for schemes 147 00:07:31,360 --> 00:07:34,400 Speaker 1: that they can't find on the London Stock Exchange because 148 00:07:34,400 --> 00:07:37,320 Speaker 1: it's vaguely legitimate. And I'm gonna quote from the economist 149 00:07:37,400 --> 00:07:41,160 Speaker 1: here to explain what happened next. The economy was expanding steadily, 150 00:07:41,240 --> 00:07:43,760 Speaker 1: driven on by manufacturing. The cost of living was falling, 151 00:07:43,760 --> 00:07:47,120 Speaker 1: with industrial workers wages rising, Interest rates drifted down with 152 00:07:47,160 --> 00:07:49,680 Speaker 1: the government borrowing more and more cheaply. The country was 153 00:07:49,720 --> 00:07:52,160 Speaker 1: in an upbeat mood. The downside to all this was 154 00:07:52,200 --> 00:07:54,840 Speaker 1: that investing in government debt, a staple place to park 155 00:07:54,880 --> 00:07:57,880 Speaker 1: spare funds, had become boring. The market rate on the 156 00:07:57,920 --> 00:08:01,720 Speaker 1: most popular British government bond else steadily between eighteen hundred 157 00:08:01,760 --> 00:08:04,200 Speaker 1: and eighteen twenty five. The government made the most of this, 158 00:08:04,280 --> 00:08:06,640 Speaker 1: swapping its existing debt for new bonds that paid rates 159 00:08:06,640 --> 00:08:09,600 Speaker 1: as low as three percent. All this gave British investors 160 00:08:09,600 --> 00:08:13,160 Speaker 1: the incentive and the confidence to look for more exciting opportunities. 161 00:08:13,400 --> 00:08:15,720 Speaker 1: One option was to lend money to governments that paid 162 00:08:15,760 --> 00:08:18,800 Speaker 1: higher interest rates. Russia, Prussia, and Denmark all had good 163 00:08:18,800 --> 00:08:21,560 Speaker 1: credit records but offered a five percent return. So this 164 00:08:22,160 --> 00:08:23,800 Speaker 1: is what how it happens at first, as they start 165 00:08:23,840 --> 00:08:26,920 Speaker 1: investing in foreign companies that offer more of a return 166 00:08:26,920 --> 00:08:29,880 Speaker 1: than the government, and foreign bonds weren't traded in the 167 00:08:29,920 --> 00:08:33,200 Speaker 1: stock exchange, so there's no regulation. Now this is okay 168 00:08:33,240 --> 00:08:35,720 Speaker 1: when you're investing in like Denmark, because Denmark is a 169 00:08:35,760 --> 00:08:37,880 Speaker 1: real country and like, you know that your investment is 170 00:08:37,920 --> 00:08:40,319 Speaker 1: not going to just like fly away. Right Prussia is 171 00:08:40,360 --> 00:08:42,520 Speaker 1: not going to default on all of its debt. But 172 00:08:42,679 --> 00:08:46,360 Speaker 1: right at this time, like this, this is it's kind 173 00:08:46,360 --> 00:08:49,400 Speaker 1: of an open place where a scammer could establish themselves 174 00:08:49,880 --> 00:08:52,280 Speaker 1: and it's not a scam is maybe the wrong way 175 00:08:52,320 --> 00:08:56,760 Speaker 1: to put it. But less less set, less safe bets 176 00:08:56,960 --> 00:09:00,640 Speaker 1: start start being possible. Yeah, it's so all of these 177 00:09:00,640 --> 00:09:03,640 Speaker 1: South American colonies that we've been talking about had been 178 00:09:03,640 --> 00:09:06,679 Speaker 1: in the process of fighting wars against their colonial oppressures 179 00:09:06,720 --> 00:09:09,520 Speaker 1: and winning them. And you start wanding, you start having 180 00:09:09,600 --> 00:09:13,440 Speaker 1: independent South American states at this point, uh and and 181 00:09:13,480 --> 00:09:16,760 Speaker 1: these are very new countries and they just finished fighting 182 00:09:16,800 --> 00:09:18,760 Speaker 1: these horrible wars, so they had a need for a 183 00:09:18,800 --> 00:09:21,800 Speaker 1: bunch of cash. And all these people in Great Britain 184 00:09:21,840 --> 00:09:24,280 Speaker 1: are both obsessed with South America and they have too 185 00:09:24,400 --> 00:09:27,480 Speaker 1: much money. So you get this kind of like perfect storm. 186 00:09:27,679 --> 00:09:30,400 Speaker 1: And it starts with Colombia, which is the first new 187 00:09:30,480 --> 00:09:32,640 Speaker 1: nation that comes to the people of Great Britain asking 188 00:09:32,679 --> 00:09:37,040 Speaker 1: for a loan. They wanted two million pounds and this 189 00:09:37,160 --> 00:09:39,560 Speaker 1: is uh they offer, and like they're willing to offer 190 00:09:39,600 --> 00:09:42,360 Speaker 1: a six percent return rate, which was actually illegal in 191 00:09:42,400 --> 00:09:45,400 Speaker 1: Britain at the time because it's too high. Because it's 192 00:09:45,400 --> 00:09:48,360 Speaker 1: too high, and the government's like any any anything with 193 00:09:48,400 --> 00:09:52,679 Speaker 1: the return that high has to be somehow what's sketchy. Um. 194 00:09:52,880 --> 00:09:55,120 Speaker 1: But people fall for this and they like, they love it, 195 00:09:55,120 --> 00:09:57,679 Speaker 1: and they invest a shipload of money in Colombia. And 196 00:09:57,760 --> 00:10:00,679 Speaker 1: the way that Columbia has to like the country to 197 00:10:00,720 --> 00:10:03,040 Speaker 1: do this is Columbia. So they kind of go to 198 00:10:03,120 --> 00:10:06,080 Speaker 1: an effort to convince people that they're legitimate, that like 199 00:10:06,160 --> 00:10:07,920 Speaker 1: they'll be able to pay this back. So they print 200 00:10:07,960 --> 00:10:10,800 Speaker 1: up all these brochures with lists of like the revenues 201 00:10:10,840 --> 00:10:13,199 Speaker 1: they expect to make and how good their tobacco market's 202 00:10:13,240 --> 00:10:15,200 Speaker 1: going to be. And how much gold and silver they're 203 00:10:15,200 --> 00:10:17,480 Speaker 1: going to be mining as soon as the economy gets 204 00:10:17,480 --> 00:10:20,760 Speaker 1: off the ground. Uh. So it seems like a stable investment. 205 00:10:20,760 --> 00:10:23,880 Speaker 1: People go fucking wild for Colombian bonds and the bonds 206 00:10:23,960 --> 00:10:27,720 Speaker 1: run out almost immediately. Uh, and so people start like, yeah, 207 00:10:27,760 --> 00:10:30,680 Speaker 1: people are very hungry for another opportunity like that. And 208 00:10:30,720 --> 00:10:32,920 Speaker 1: so Chile comes up, and Chile is like, well, we 209 00:10:33,080 --> 00:10:36,040 Speaker 1: like alone too, and then Peru comes up next. And 210 00:10:36,080 --> 00:10:38,640 Speaker 1: by the time Peru starts offering investments, they're not even 211 00:10:38,679 --> 00:10:41,679 Speaker 1: telling people what natural resources they have to guarantee they're 212 00:10:41,760 --> 00:10:44,240 Speaker 1: they're they're just being like, hey, we're fucking Peru. You 213 00:10:44,240 --> 00:10:46,920 Speaker 1: guys want some of this ship And they guess correctly 214 00:10:46,920 --> 00:10:49,079 Speaker 1: that like London was, no one was going to factory 215 00:10:49,200 --> 00:10:52,120 Speaker 1: like we just like Colombia were just like know everything. 216 00:10:52,200 --> 00:10:55,600 Speaker 1: They said, that's what we're doing too in Peru. Just 217 00:10:55,640 --> 00:10:58,800 Speaker 1: give us the money. Yeah, we'll which of course we 218 00:10:58,880 --> 00:11:02,920 Speaker 1: probably have gold probably you don't know, soil, very rich 219 00:11:04,160 --> 00:11:10,240 Speaker 1: soil the other day. Anyway, give us. Now, these were 220 00:11:10,280 --> 00:11:12,679 Speaker 1: not necessary, These were not all great investments. Obviously, all 221 00:11:12,679 --> 00:11:15,360 Speaker 1: these countries do have natural resources, but Latin America was 222 00:11:15,360 --> 00:11:17,520 Speaker 1: still fighting a whole bunch of civil wars. All of 223 00:11:17,520 --> 00:11:20,160 Speaker 1: these countries were still fighting, like none of their governments 224 00:11:20,160 --> 00:11:23,040 Speaker 1: were actually really all that settled at this point. They 225 00:11:23,080 --> 00:11:26,000 Speaker 1: had no credit history, and nothing was known about the 226 00:11:26,040 --> 00:11:28,520 Speaker 1: resources of these places or when they would start being 227 00:11:28,520 --> 00:11:30,960 Speaker 1: the kind of seeing the kind of profits that all 228 00:11:31,000 --> 00:11:33,400 Speaker 1: these British people were going to expect. And it wasn't 229 00:11:33,440 --> 00:11:35,960 Speaker 1: even possible to truly vet that all the men claiming 230 00:11:36,000 --> 00:11:39,880 Speaker 1: to represent these governments were who they said they were, 231 00:11:40,000 --> 00:11:43,520 Speaker 1: So it's like, who, Yeah, none of these nations are 232 00:11:43,559 --> 00:11:47,320 Speaker 1: even recognized by the British governments. Now. I don't think 233 00:11:47,320 --> 00:11:51,800 Speaker 1: that's the only path to being legitimate is being recognized colonizers. However, 234 00:11:51,840 --> 00:11:54,200 Speaker 1: I do think it's fun that it's like, yeah, we 235 00:11:54,240 --> 00:11:56,280 Speaker 1: don't know who's going to be in charge tomorrow. We 236 00:11:56,360 --> 00:11:59,800 Speaker 1: are definitely yeah. And if you are a British and 237 00:12:00,080 --> 00:12:03,600 Speaker 1: vest and your country doesn't recognize this as a country, 238 00:12:03,640 --> 00:12:05,960 Speaker 1: that might be a sign that like, okay, this maybe 239 00:12:06,000 --> 00:12:10,479 Speaker 1: I should be a little bit more. I don't know. Yeah, 240 00:12:10,600 --> 00:12:12,960 Speaker 1: they invested a bunch of money in these places, um, 241 00:12:13,040 --> 00:12:16,000 Speaker 1: and this is the London that Gregor McGregor, the Prince 242 00:12:16,080 --> 00:12:19,400 Speaker 1: of Poier, walks into in eighty two. And the only 243 00:12:19,400 --> 00:12:21,679 Speaker 1: disadvantage he had when he was trying because he he 244 00:12:21,720 --> 00:12:23,480 Speaker 1: wants to do the same thing with Poier. He wants 245 00:12:23,480 --> 00:12:25,480 Speaker 1: to put it up for a bond issue and like 246 00:12:25,520 --> 00:12:28,400 Speaker 1: get a bunch of money from people who are expecting 247 00:12:28,400 --> 00:12:31,080 Speaker 1: it to be paid back. Uh. And the only disadvantage 248 00:12:31,120 --> 00:12:33,000 Speaker 1: he has in doing this is that Spain had never 249 00:12:33,040 --> 00:12:36,080 Speaker 1: owned his country. Um. So one reason British folks were 250 00:12:36,120 --> 00:12:38,360 Speaker 1: willing to invest in like Columbia or Peru is that 251 00:12:38,400 --> 00:12:41,359 Speaker 1: the Spanish had fought like hell to hold onto these places. 252 00:12:41,400 --> 00:12:44,040 Speaker 1: So even though they didn't know exactly what resources these 253 00:12:44,040 --> 00:12:46,160 Speaker 1: countries had, they figured if the Spanish are willing to 254 00:12:46,200 --> 00:12:49,960 Speaker 1: fight hard for them, there's gotta be yeah, exactly now. 255 00:12:50,760 --> 00:12:53,080 Speaker 1: So Poier didn't have that, but it had an advantage 256 00:12:53,120 --> 00:12:55,640 Speaker 1: that none of the Latin American countries issuing bonds in 257 00:12:55,800 --> 00:12:58,240 Speaker 1: Great Britain had, which is that its head of state 258 00:12:58,400 --> 00:13:00,080 Speaker 1: was in London, and its head of state is of 259 00:13:00,120 --> 00:13:04,280 Speaker 1: course Gregor McGregor. Yeah. So he immediately goes to the 260 00:13:04,280 --> 00:13:06,880 Speaker 1: press like that's his first thing, and he starts talking 261 00:13:06,920 --> 00:13:09,840 Speaker 1: about how like basically talking at Poier, is this like 262 00:13:10,240 --> 00:13:14,000 Speaker 1: utopia with with undiscovered riches and stuff? Uh, and he 263 00:13:14,000 --> 00:13:16,120 Speaker 1: he has. He hires a bunch of assistants to write 264 00:13:16,120 --> 00:13:19,880 Speaker 1: newspaper ads and leaflets and ballads to be broadcast by 265 00:13:19,880 --> 00:13:22,839 Speaker 1: like street singers in London and Edinburgh and Glasgow to 266 00:13:22,880 --> 00:13:31,800 Speaker 1: try to convince thing. Yeah yeah every day that rhymes 267 00:13:31,800 --> 00:13:35,040 Speaker 1: we bopping bottles and poier every day. Yeah yeah it 268 00:13:35,160 --> 00:13:39,360 Speaker 1: is ship yeah funk. That's good. So we have some 269 00:13:39,440 --> 00:13:41,200 Speaker 1: examples of some of the ads that he hired. This 270 00:13:41,200 --> 00:13:43,959 Speaker 1: one was published in the Glasgow Sentinel Sentinel and I'm 271 00:13:43,960 --> 00:13:47,320 Speaker 1: gonna read it now. The climate is remarkably healthy and 272 00:13:47,360 --> 00:13:51,160 Speaker 1: agrees admirably ably with the constitution of Europeans, many of whom, 273 00:13:51,200 --> 00:13:53,760 Speaker 1: having become much stabilitated by a long residence in the 274 00:13:53,760 --> 00:13:56,079 Speaker 1: West Indies, have been completely restored to health by a 275 00:13:56,160 --> 00:13:58,800 Speaker 1: removal for a short period to the Bay of Honduras. 276 00:13:58,920 --> 00:14:01,800 Speaker 1: The soil is extreme, the rich and fertile, bearing three 277 00:14:01,800 --> 00:14:04,320 Speaker 1: crops of Indian corn in the year, and produces not 278 00:14:04,360 --> 00:14:06,760 Speaker 1: only all the necessities of life and profusion, but is 279 00:14:06,800 --> 00:14:09,720 Speaker 1: well adapted for the cultivation of all those valuable commodities 280 00:14:09,720 --> 00:14:13,880 Speaker 1: which have rendered the West Indies so important, especially coffee, sugar, cotton, tobacco, 281 00:14:14,000 --> 00:14:18,319 Speaker 1: coco etcetera. So everything valuable grows here, and the climate 282 00:14:18,360 --> 00:14:21,920 Speaker 1: makes you healthier if you're Europeans, right, and everyone's coming 283 00:14:21,920 --> 00:14:24,920 Speaker 1: here to the island. Here, the land heals the sick. 284 00:14:25,120 --> 00:14:29,720 Speaker 1: Basically is what you said, Beautiful snake oil heels sick 285 00:14:29,720 --> 00:14:32,840 Speaker 1: white people, only white people. Don't worry, We'll only heals 286 00:14:32,840 --> 00:14:34,960 Speaker 1: sick white people. Well, you know, it's it's kind of 287 00:14:34,960 --> 00:14:37,400 Speaker 1: a thing. After this period, all the places where Europeans 288 00:14:37,400 --> 00:14:39,520 Speaker 1: are making all of their money by selling and mining 289 00:14:39,560 --> 00:14:43,440 Speaker 1: commodities kill Europeans and huge quantities because you know, they're 290 00:14:43,480 --> 00:14:45,320 Speaker 1: giving smallpox to the names, but like they don't have 291 00:14:45,360 --> 00:14:48,680 Speaker 1: immunity to like any of the local diseases either. So 292 00:14:49,360 --> 00:14:52,480 Speaker 1: uh yeah, there's a lot of reasonable questions that responsible 293 00:14:52,520 --> 00:14:56,760 Speaker 1: men asked about this investment scheme. For example, Gregor, how 294 00:14:56,800 --> 00:14:58,960 Speaker 1: do you pan to plan to repay this loan? And 295 00:14:59,000 --> 00:15:01,360 Speaker 1: Gregor answered that he had a lot of gold, and 296 00:15:01,360 --> 00:15:03,320 Speaker 1: it had all sorts of animals that could be hunted, 297 00:15:03,360 --> 00:15:05,240 Speaker 1: and it had great soil and soon there'd be a 298 00:15:05,240 --> 00:15:07,520 Speaker 1: bunch of stuff for sale. And so when he said this, 299 00:15:07,600 --> 00:15:10,280 Speaker 1: people were like, hey, Gregor, if Poyer has all this ship, 300 00:15:10,640 --> 00:15:13,040 Speaker 1: why has no one ever traded with it before, and 301 00:15:13,080 --> 00:15:15,360 Speaker 1: Gregor's like, well, the locals were too scared of getting 302 00:15:15,400 --> 00:15:17,840 Speaker 1: the Spanish attention and then Spain would colonize them, and 303 00:15:17,960 --> 00:15:21,280 Speaker 1: like they didn't want that, and so then they were like, well, well, 304 00:15:21,360 --> 00:15:24,520 Speaker 1: why why didn't Spain conquered Point, like they were right there. 305 00:15:24,560 --> 00:15:26,320 Speaker 1: And he was like, well, there's mountains too. There's all 306 00:15:26,360 --> 00:15:28,440 Speaker 1: these big mountains, huge, biggest mountain you've ever seen. No 307 00:15:28,440 --> 00:15:31,000 Speaker 1: one could get into it, and a really deep lake, 308 00:15:31,280 --> 00:15:36,080 Speaker 1: like the deepest lake, and honest, lots of lake currents, sharks, 309 00:15:36,240 --> 00:15:39,560 Speaker 1: lake sharks, tons of sharks, sky sharks too. Nobody could 310 00:15:39,600 --> 00:15:43,880 Speaker 1: get it. So these, again are all pretty transparent lies. 311 00:15:43,960 --> 00:15:46,320 Speaker 1: But nobody was checking him out because people just have 312 00:15:46,440 --> 00:15:48,320 Speaker 1: money to burn and they want to get in on 313 00:15:48,440 --> 00:15:51,560 Speaker 1: South America. So the loan that Gregor wound up seeking 314 00:15:51,560 --> 00:15:53,840 Speaker 1: on behalf of Poer was two hundred thousand pounds, just 315 00:15:53,920 --> 00:15:56,560 Speaker 1: a fraction of what larger nations had asked for, but 316 00:15:56,720 --> 00:15:58,480 Speaker 1: enough to make him very rich. It's the equivalent of 317 00:15:58,520 --> 00:16:02,360 Speaker 1: about like eleven million dollars or elevenillion pounds I guess today. Yeah, 318 00:16:02,360 --> 00:16:04,440 Speaker 1: it's a lot of money. So if Gregor had been 319 00:16:04,440 --> 00:16:06,480 Speaker 1: an ordinary con man, he would have focused on just 320 00:16:06,640 --> 00:16:09,360 Speaker 1: this grift. But by eighteen twenty two, Gregor had gotten 321 00:16:09,360 --> 00:16:11,600 Speaker 1: good at being a con man and the loan was 322 00:16:11,680 --> 00:16:15,040 Speaker 1: just his side grift. His real plan was to convince 323 00:16:15,120 --> 00:16:18,359 Speaker 1: hundreds and hundreds and eventually thousands of English and scotsmen 324 00:16:18,640 --> 00:16:22,400 Speaker 1: to sell their property by land from him and immigrate 325 00:16:22,440 --> 00:16:25,440 Speaker 1: to Poier to help civilize it. Now, I should note 326 00:16:25,480 --> 00:16:27,440 Speaker 1: here that there's some debate about whether or not he 327 00:16:27,480 --> 00:16:30,160 Speaker 1: actually intended to try to settle and govern a new nation. 328 00:16:30,560 --> 00:16:33,800 Speaker 1: There's some evidence that, like he did on emilya Amelia Island, 329 00:16:33,800 --> 00:16:35,720 Speaker 1: he wanted to move all these people out there so 330 00:16:35,960 --> 00:16:38,960 Speaker 1: they could form the core of a private country. Um. 331 00:16:38,960 --> 00:16:41,920 Speaker 1: But he never actually tried to do this. Uh, And 332 00:16:41,960 --> 00:16:44,560 Speaker 1: whether or not he intended to try and start a settlement, 333 00:16:44,600 --> 00:16:46,720 Speaker 1: the plan was a con from the beginning, and evidence 334 00:16:46,760 --> 00:16:48,920 Speaker 1: of this comes from the propaganda booklet he wrote to 335 00:16:49,080 --> 00:16:53,400 Speaker 1: entice colonists to immigrate. It was titled Poier Sketch of 336 00:16:53,440 --> 00:16:56,920 Speaker 1: the Mosquito Shore including the Territory of Poier, descriptive of 337 00:16:56,960 --> 00:17:00,360 Speaker 1: the country with some information as to its productions. Now, 338 00:17:00,760 --> 00:17:03,680 Speaker 1: he credited the writing of the book to Thomas Strange Ways, 339 00:17:04,000 --> 00:17:06,359 Speaker 1: a man who did not exist, but was supposedly a 340 00:17:06,440 --> 00:17:09,679 Speaker 1: captain in the Poie in military, which also did not exist. 341 00:17:09,760 --> 00:17:14,840 Speaker 1: That was his fake friend's name, Yeah, Johnny, fake name, 342 00:17:14,920 --> 00:17:26,880 Speaker 1: my good friend, Jesus. The booklet was a pretty good 343 00:17:26,920 --> 00:17:29,800 Speaker 1: piece of con art. It opened with an apology that 344 00:17:29,880 --> 00:17:32,800 Speaker 1: the contents were very dry and serious and wouldn't be 345 00:17:32,960 --> 00:17:36,600 Speaker 1: entertaining to ordinary readers, because he knew that the intelligent 346 00:17:36,720 --> 00:17:39,119 Speaker 1: and like serious men who would agree to invest in 347 00:17:39,160 --> 00:17:42,119 Speaker 1: Poier wanted only the best information. They didn't want it 348 00:17:42,160 --> 00:17:45,720 Speaker 1: to be flowery and interesting. They wanted serious facts, and 349 00:17:45,760 --> 00:17:47,480 Speaker 1: that's all he was going to give you. So, like, 350 00:17:47,560 --> 00:17:49,959 Speaker 1: first off, he's he's being like, oh, if you're not 351 00:17:50,040 --> 00:17:53,080 Speaker 1: really if if you're expecting like like a lurid read like, 352 00:17:53,119 --> 00:17:55,880 Speaker 1: this is for serious people. So like, clearly, if you're 353 00:17:55,920 --> 00:18:01,080 Speaker 1: into this, you're serious person. Book. Yeah, not for poland 354 00:18:01,119 --> 00:18:04,960 Speaker 1: dumb people, just the very smart. Yeah. So the book 355 00:18:05,000 --> 00:18:07,160 Speaker 1: was a bunch of included a bunch of like plagiarized 356 00:18:07,200 --> 00:18:10,520 Speaker 1: descriptions of different plants and like lies about the growing season, 357 00:18:10,560 --> 00:18:13,960 Speaker 1: and also these very elaborate calculations for how much farms 358 00:18:13,960 --> 00:18:17,399 Speaker 1: of different sizes and plantations of different sizes could expect 359 00:18:17,480 --> 00:18:20,160 Speaker 1: to earn and all of this was lies, but he 360 00:18:20,160 --> 00:18:21,800 Speaker 1: he did all like all of the math was laid 361 00:18:21,800 --> 00:18:23,800 Speaker 1: out in a way that like, oh wow, this has 362 00:18:23,840 --> 00:18:26,200 Speaker 1: to be legitimate. He did a bunch of math. There 363 00:18:26,200 --> 00:18:29,760 Speaker 1: are numbers in this leaflet. Yeah, and these calculations went 364 00:18:29,840 --> 00:18:32,640 Speaker 1: next to like things that were a lot less reasonable, 365 00:18:32,640 --> 00:18:35,200 Speaker 1: like claiming that like it had more fresh water than 366 00:18:35,240 --> 00:18:37,720 Speaker 1: anywhere else, and all of the freshwater rivers were also 367 00:18:37,760 --> 00:18:39,679 Speaker 1: just filled with hunks of gold that you could pick up, 368 00:18:39,720 --> 00:18:43,600 Speaker 1: and like it's this mix of like, yeah, it's very fun, 369 00:18:43,920 --> 00:18:48,640 Speaker 1: very fun. One question this point because he did inherit 370 00:18:48,840 --> 00:18:52,520 Speaker 1: land that wasn't there's real land. But there's real land. 371 00:18:52,840 --> 00:18:59,120 Speaker 1: That Poier is the location of the land that he inherited. Yeah, yeah, 372 00:18:59,320 --> 00:19:04,760 Speaker 1: you know what isn't fake land? Kind of grifted from 373 00:19:09,000 --> 00:19:11,840 Speaker 1: I don't know, Sophie, I don't know anymore. Let's just 374 00:19:11,920 --> 00:19:20,800 Speaker 1: roll the ads. Don't be sad, Robert. So we're back. 375 00:19:22,000 --> 00:19:24,160 Speaker 1: I missed the ads already, but we get to talk 376 00:19:24,200 --> 00:19:29,000 Speaker 1: more about Gregor McGregor. So. Thomas's guidebook included lengthy descriptions 377 00:19:29,040 --> 00:19:31,919 Speaker 1: of the local natives, the local poi Aians or the 378 00:19:31,920 --> 00:19:37,200 Speaker 1: poi Aians Poiasians. I think, Yeah, Poiaisians, I think is 379 00:19:37,280 --> 00:19:40,920 Speaker 1: the correct way. In his description, the Poisians basically had 380 00:19:40,960 --> 00:19:43,359 Speaker 1: no real culture of their own. Their culture was that 381 00:19:43,400 --> 00:19:54,560 Speaker 1: they loved the British. Yeah he knew, he knew how 382 00:19:54,600 --> 00:19:57,000 Speaker 1: to sell this ship. Like he's not dumb, he knows 383 00:19:57,119 --> 00:20:03,320 Speaker 1: his people. Uh. He wrote, quote you yeah, they love 384 00:20:03,440 --> 00:20:08,040 Speaker 1: they love you. Yeah, he wrote A tradition has long 385 00:20:08,080 --> 00:20:11,440 Speaker 1: prevailed among them that the gray eyed people, meaning the English, 386 00:20:11,600 --> 00:20:15,320 Speaker 1: have been particularly appointed to protect them from oppression and bondage. 387 00:20:19,160 --> 00:20:22,359 Speaker 1: That's his good grift. All the women are young and 388 00:20:22,400 --> 00:20:25,400 Speaker 1: the breasts are right underneath the chin, and all they 389 00:20:25,440 --> 00:20:29,360 Speaker 1: wanted to was marry an old, decrepit British men. Yeah. 390 00:20:30,600 --> 00:20:34,640 Speaker 1: The women won't very young men. They won't anyone under seventy. 391 00:20:37,520 --> 00:20:39,680 Speaker 1: So yeah, he tells them that, like, these people are 392 00:20:39,960 --> 00:20:43,240 Speaker 1: probably descendants of the Aztecs, so they're formerly civilized people 393 00:20:43,280 --> 00:20:47,520 Speaker 1: who needed English help to rescue them from barbarism. Oh god, 394 00:20:47,520 --> 00:20:49,760 Speaker 1: he was like, look, they were colonized once and they 395 00:20:50,040 --> 00:20:52,959 Speaker 1: loved it. They were like colonization chef's kiss and they 396 00:20:53,000 --> 00:20:58,000 Speaker 1: really wanted you guys to come back. Yeah. So um yeah, 397 00:20:58,000 --> 00:21:01,920 Speaker 1: he wrote quote they have repeatedly june An anxious desire 398 00:21:02,000 --> 00:21:04,639 Speaker 1: to acquire the arts of Europe as is manifest by 399 00:21:04,640 --> 00:21:08,080 Speaker 1: their repeated invitations to the English to form settlements among them, 400 00:21:08,280 --> 00:21:10,440 Speaker 1: as well as by their former offers to seed a 401 00:21:10,520 --> 00:21:12,959 Speaker 1: part of their country to Great Britain, there by showing 402 00:21:13,000 --> 00:21:15,400 Speaker 1: that their aversion to Spain does not extend to all 403 00:21:15,400 --> 00:21:20,480 Speaker 1: other nations of Europe. Yeah, I can't wait for you 404 00:21:20,480 --> 00:21:23,320 Speaker 1: white people to get here. They need Yes, they don't 405 00:21:23,359 --> 00:21:27,400 Speaker 1: know how to have a country without Yes, every indigenous population. 406 00:21:27,800 --> 00:21:31,880 Speaker 1: Where are the people? What do they get? But oh 407 00:21:31,920 --> 00:21:34,960 Speaker 1: we've got is this unspoiled country and like a culture 408 00:21:35,040 --> 00:21:39,600 Speaker 1: not based on constant toil, and like, ah, you know 409 00:21:39,640 --> 00:21:43,240 Speaker 1: what we really need is some incredibly filthy cities choking 410 00:21:43,359 --> 00:21:45,800 Speaker 1: to death on cold up scott If only we had 411 00:21:45,800 --> 00:21:52,520 Speaker 1: gold up Turlington to pull up, We're ready. So yeah. 412 00:21:52,560 --> 00:21:55,479 Speaker 1: He He also goes into length in this book about 413 00:21:55,560 --> 00:21:58,760 Speaker 1: like how how happy the natives are to be hired 414 00:21:58,800 --> 00:22:01,440 Speaker 1: for basically nothing, and how like, oh, you just give 415 00:22:01,480 --> 00:22:03,760 Speaker 1: them ammunition and they'll hunt all the food that you need. 416 00:22:03,800 --> 00:22:07,000 Speaker 1: They love doing it. Like and also you know if 417 00:22:07,040 --> 00:22:08,680 Speaker 1: you if you hire them and pay them, they never 418 00:22:08,720 --> 00:22:10,680 Speaker 1: want raises, like they're happy getting pay in the same 419 00:22:10,680 --> 00:22:14,000 Speaker 1: amount forever. They also want to be treated a second 420 00:22:14,080 --> 00:22:17,399 Speaker 1: class citizens. Oh, they love it. Can't get enough of 421 00:22:17,400 --> 00:22:21,399 Speaker 1: being second class citizens. You know what they said to 422 00:22:21,440 --> 00:22:23,359 Speaker 1: me the other day, They were like, what if we 423 00:22:23,440 --> 00:22:27,120 Speaker 1: had a system of segregation here, wouldn't that be grant said? 424 00:22:27,119 --> 00:22:29,160 Speaker 1: They said to me me McGregor, they said, we are 425 00:22:29,240 --> 00:22:39,439 Speaker 1: tired of opportunity. So he also lied about the present 426 00:22:39,480 --> 00:22:42,960 Speaker 1: extent of European civilization in Poyer, claiming that a forgotten 427 00:22:42,960 --> 00:22:45,600 Speaker 1: load of British settlers had already set up like a nice, 428 00:22:45,800 --> 00:22:49,280 Speaker 1: orderly European city in the country that was its capital. 429 00:22:49,480 --> 00:22:51,840 Speaker 1: Like there's already a white people city waiting for you. 430 00:22:52,160 --> 00:22:54,400 Speaker 1: All you gotta do is land there. You'll have workers, 431 00:22:54,840 --> 00:22:57,000 Speaker 1: you'll have a nice city with a bunch of comforts. 432 00:22:57,040 --> 00:22:59,840 Speaker 1: Like it'll be fine. All you gotta do is set 433 00:22:59,880 --> 00:23:02,639 Speaker 1: up your your your farms. They're ready to just be 434 00:23:02,760 --> 00:23:05,879 Speaker 1: planted and you can just get start making money. Right McGregor, 435 00:23:05,920 --> 00:23:07,960 Speaker 1: you said the city. You said the city is called 436 00:23:08,000 --> 00:23:13,000 Speaker 1: white people city. Yeah, white topia. It's full, full, full 437 00:23:13,240 --> 00:23:15,960 Speaker 1: full like nice white people things. It's got. I don't know. 438 00:23:16,200 --> 00:23:19,880 Speaker 1: John Mayer is always there. He never leaves White cod forever, 439 00:23:22,600 --> 00:23:26,920 Speaker 1: white conda. Oh, I love it condos as far as 440 00:23:26,920 --> 00:23:30,320 Speaker 1: the I can see burritos with no spices at all. 441 00:23:30,359 --> 00:23:32,359 Speaker 1: It's amazing that you thought that. Do you think I 442 00:23:32,359 --> 00:23:38,400 Speaker 1: said condo? Oh? I mean yeah, like Wakonda forever white Condah. 443 00:23:40,119 --> 00:23:42,720 Speaker 1: That's that's better. I thought you were making a comment 444 00:23:42,800 --> 00:23:46,920 Speaker 1: about white people's famous love of condos. Shaking her head. 445 00:23:48,520 --> 00:23:50,959 Speaker 1: So hundreds and hundreds of people sign up and they 446 00:23:51,000 --> 00:23:53,560 Speaker 1: all start paying him a ton of money for acreage. 447 00:23:54,440 --> 00:23:57,040 Speaker 1: He's he's making money hand over fist for this land 448 00:23:57,080 --> 00:23:59,359 Speaker 1: that these people had never seen. And the bulk of 449 00:23:59,400 --> 00:24:03,200 Speaker 1: his volunteer years were Scotsman. Because Gregor finally figures out 450 00:24:03,240 --> 00:24:07,760 Speaker 1: how to con his own people. Yeah, um, it's it 451 00:24:07,840 --> 00:24:11,080 Speaker 1: starts at home. Yeah. The historians have spent a decent 452 00:24:11,080 --> 00:24:13,400 Speaker 1: amount of time trying to tease out why Scottish people 453 00:24:13,440 --> 00:24:16,119 Speaker 1: were particularly vulnerable to this scheme, and there's an interesting 454 00:24:16,119 --> 00:24:20,040 Speaker 1: paragraph in the BBC on it quote. According to Columbia 455 00:24:20,119 --> 00:24:23,199 Speaker 1: University psychologist Tory Higgins, people are usually more likely to 456 00:24:23,200 --> 00:24:25,760 Speaker 1: be swayed by one or or other of the two 457 00:24:25,800 --> 00:24:29,080 Speaker 1: motivational lines. Some people are promotion focused they think of 458 00:24:29,160 --> 00:24:33,600 Speaker 1: possible positive gains, and some prevention focused. They focused on 459 00:24:33,680 --> 00:24:37,119 Speaker 1: losses and avoiding mistakes. An approach that unites the alpha 460 00:24:37,160 --> 00:24:40,359 Speaker 1: with the omega appeals to both mindsets, however, giving it 461 00:24:40,440 --> 00:24:43,520 Speaker 1: universal appeal, and it's easy to see how McGregor's proposition 462 00:24:43,600 --> 00:24:47,119 Speaker 1: offered this potent combination. He published interviews and national papers, 463 00:24:47,119 --> 00:24:49,440 Speaker 1: for instance, touting the perks that would come from investing 464 00:24:49,520 --> 00:24:52,600 Speaker 1: or settling in Ployer. He highlighted the bravery and fortitude 465 00:24:52,600 --> 00:24:55,119 Speaker 1: that such a gesture would demonstrate. You wouldn't just be smart, 466 00:24:55,359 --> 00:24:57,919 Speaker 1: you would be a real man. The Scottish Highlanders were 467 00:24:57,960 --> 00:25:00,679 Speaker 1: known for their heartiness and adventurous spirit. He out Pier 468 00:25:00,800 --> 00:25:03,240 Speaker 1: would be the ultimate testing ground, a challenge and a 469 00:25:03,320 --> 00:25:07,480 Speaker 1: gift all in one. Gotta love toxic masculinity. It's like, 470 00:25:07,560 --> 00:25:09,600 Speaker 1: are you going to move to Poier or is your 471 00:25:09,680 --> 00:25:14,159 Speaker 1: dick small? And yeah, I'm working on using that griff 472 00:25:14,160 --> 00:25:15,679 Speaker 1: like are you too much of a coward to get 473 00:25:15,720 --> 00:25:18,600 Speaker 1: into a gunfight with the FBA, f D A swat team? 474 00:25:18,880 --> 00:25:21,200 Speaker 1: Like oh, I mean, if you don't want to get 475 00:25:21,200 --> 00:25:23,280 Speaker 1: into a gunfight with the FDA, then don't move to 476 00:25:23,320 --> 00:25:25,840 Speaker 1: my compound and die for what's wrong with you? I mean, 477 00:25:25,840 --> 00:25:28,399 Speaker 1: that's what's wrong with you? Oh, you're a coward. No, 478 00:25:28,520 --> 00:25:30,320 Speaker 1: that's fine. It's cool to be a coward. That's cool. 479 00:25:30,760 --> 00:25:33,240 Speaker 1: Like you don't have like the cool people are gonna 480 00:25:33,280 --> 00:25:35,000 Speaker 1: go die fighting the f d A. You don't have 481 00:25:35,080 --> 00:25:37,600 Speaker 1: to because you're not cool. You can live the rest 482 00:25:37,600 --> 00:25:40,960 Speaker 1: of your life knowing that sera mass Yeah yeah, knowing 483 00:25:40,960 --> 00:25:45,639 Speaker 1: that you suck so uh. It is also speculated that 484 00:25:45,640 --> 00:25:48,440 Speaker 1: one reason the Scots were particularly interested in this is 485 00:25:48,480 --> 00:25:50,159 Speaker 1: that they were jealous of the English and all of 486 00:25:50,200 --> 00:25:52,560 Speaker 1: their fancy colonies, and there was also a manner of 487 00:25:52,640 --> 00:25:55,640 Speaker 1: honor at stake here. In the late sixteen hundred hundreds, 488 00:25:55,680 --> 00:25:57,879 Speaker 1: the Scots had tried to start a colony on the 489 00:25:57,920 --> 00:26:00,879 Speaker 1: Gulf of Darien near Panama, and it was a poorly 490 00:26:00,960 --> 00:26:03,720 Speaker 1: led ship show and basically everyone either died or were 491 00:26:03,760 --> 00:26:07,680 Speaker 1: conquered by Spain, and Scotland invested fully twenty of all 492 00:26:07,680 --> 00:26:10,200 Speaker 1: of its money in the scheme, which kind of destroyed 493 00:26:10,200 --> 00:26:14,680 Speaker 1: the entire country for years. So they were bad at 494 00:26:14,720 --> 00:26:19,840 Speaker 1: colonizing them. Yeah, yeah, it is nice about them. I mean, 495 00:26:19,840 --> 00:26:22,680 Speaker 1: they're good at being the soldiers of colonial oppressors, because 496 00:26:22,720 --> 00:26:25,919 Speaker 1: that's how the British did a lot of before. Before 497 00:26:25,920 --> 00:26:28,360 Speaker 1: they had African soldiers to fight for them. They had 498 00:26:28,400 --> 00:26:31,040 Speaker 1: Scotts to conquer the chunks of Africa and then hired 499 00:26:31,080 --> 00:26:34,040 Speaker 1: African soldiers to fight under Scottish officers. It's this whole 500 00:26:34,080 --> 00:26:39,000 Speaker 1: it's the whole thing. Yeah, they're not dumb, so uh yeah. 501 00:26:39,200 --> 00:26:41,280 Speaker 1: You would think that having been a part of this 502 00:26:41,800 --> 00:26:44,480 Speaker 1: like giant scheme that had crashed the entire economy and 503 00:26:44,480 --> 00:26:46,560 Speaker 1: cost a bunch of people their lives would have actually 504 00:26:46,560 --> 00:26:49,480 Speaker 1: built like a cultural immunity to schemes in Scotland. But 505 00:26:49,560 --> 00:26:51,520 Speaker 1: it just made them feel like they had a shame 506 00:26:51,560 --> 00:26:53,919 Speaker 1: to wipe out. And McGregor took advantage of that. He 507 00:26:53,960 --> 00:26:56,800 Speaker 1: pointed out that colonizing ployer would like, this will wipe 508 00:26:56,800 --> 00:26:59,120 Speaker 1: out the shame of Darien, Like nobody's gonna talking about 509 00:26:59,160 --> 00:27:01,320 Speaker 1: Darien because you're gonna up Poier. People are gonna be like, 510 00:27:01,320 --> 00:27:07,800 Speaker 1: oh those Scots, they're so good at colonizing. So gregor 511 00:27:07,840 --> 00:27:10,080 Speaker 1: was flooded with applicants and he happily set to work 512 00:27:10,200 --> 00:27:12,680 Speaker 1: hiring and refitting a small fleet of boats for the journey. 513 00:27:12,960 --> 00:27:16,320 Speaker 1: The first one set sail in September with seventy immigrants aboard. 514 00:27:16,640 --> 00:27:18,520 Speaker 1: These were to be the vanguard. They were there to 515 00:27:18,560 --> 00:27:21,440 Speaker 1: prepare the way for everybody else now. Gregor, of course, 516 00:27:21,440 --> 00:27:23,720 Speaker 1: stayed behind to prepare the next wave of ships, and 517 00:27:23,760 --> 00:27:26,600 Speaker 1: in his stead he promoted the most gullible of the settlers, 518 00:27:26,760 --> 00:27:29,800 Speaker 1: commissioning a former British Army officer named Hector Hall as 519 00:27:29,840 --> 00:27:33,000 Speaker 1: Lieutenant Colonel of the fictional second Native Regiment of Foot. 520 00:27:33,680 --> 00:27:36,679 Speaker 1: Gregor even generously made him the Lieutenant governor to and 521 00:27:36,760 --> 00:27:39,680 Speaker 1: granted him a twelve thousand, eight hundred acre estate that 522 00:27:39,760 --> 00:27:44,360 Speaker 1: again absolutely did not exists. You're king of everything, now 523 00:27:45,040 --> 00:27:48,080 Speaker 1: get to work. Now do all the stuff for me. 524 00:27:48,600 --> 00:27:51,480 Speaker 1: So the second wave of colonists would depart in November 525 00:27:51,520 --> 00:27:54,320 Speaker 1: after their ship was refit to carry two fifty people. 526 00:27:54,840 --> 00:27:57,320 Speaker 1: Uh and while Gregor waited, he designed and printed his 527 00:27:57,359 --> 00:27:59,600 Speaker 1: own poiis and currency and started handing it out to 528 00:27:59,680 --> 00:28:02,639 Speaker 1: colon in exchange for their gold from the land that 529 00:28:02,680 --> 00:28:05,359 Speaker 1: never was quote. The new world of their dreams suddenly 530 00:28:05,359 --> 00:28:07,639 Speaker 1: became a very real world as the men accepted the 531 00:28:07,680 --> 00:28:10,080 Speaker 1: kaseque's dollar notes with the coat of arms the crest 532 00:28:10,080 --> 00:28:12,439 Speaker 1: of the Bank of Poier and the promise that on 533 00:28:12,520 --> 00:28:14,840 Speaker 1: demand or three months after sight in the option of 534 00:28:14,840 --> 00:28:17,440 Speaker 1: the government to Poier, one hard dollar will be paid 535 00:28:17,480 --> 00:28:19,880 Speaker 1: to the bearer at the bank office in St. Joseph. 536 00:28:20,320 --> 00:28:22,359 Speaker 1: The people who had bought land and who had planned 537 00:28:22,400 --> 00:28:24,359 Speaker 1: to take their savings with them in coin, were also 538 00:28:24,400 --> 00:28:27,520 Speaker 1: delighted to exchange their gold for the legal currency of poet. 539 00:28:30,440 --> 00:28:33,600 Speaker 1: He loved to print the money, to print money. McGregor, 540 00:28:33,720 --> 00:28:38,160 Speaker 1: didya give me your real money? It's a it's a 541 00:28:38,200 --> 00:28:40,760 Speaker 1: good scheme. It's oh, you're you gotta get on a boat. 542 00:28:40,800 --> 00:28:42,800 Speaker 1: All that gold is heavy, you know, it's not heavy, 543 00:28:43,200 --> 00:28:48,800 Speaker 1: These totally real dollars. Oh yeah, real as hell they are. 544 00:28:50,120 --> 00:28:55,440 Speaker 1: So just as the refitting neared completion, disaster struck. See 545 00:28:55,520 --> 00:28:59,080 Speaker 1: the financial market that had gotten so bullish and investing 546 00:28:59,080 --> 00:29:01,840 Speaker 1: in all these south amera in bonds started to get 547 00:29:01,880 --> 00:29:06,320 Speaker 1: a little bit like antsy because the Colombian government basically 548 00:29:07,360 --> 00:29:10,240 Speaker 1: basically the Colombian government wrote a letter or something to 549 00:29:10,280 --> 00:29:12,280 Speaker 1: England being like, hey, you know the guy who's been 550 00:29:12,280 --> 00:29:15,200 Speaker 1: saying he's our representative, Like he didn't actually have the 551 00:29:15,320 --> 00:29:18,600 Speaker 1: right to to to ask for a loan. We were 552 00:29:18,600 --> 00:29:23,280 Speaker 1: not really sure what's going on here. So this worries 553 00:29:23,360 --> 00:29:26,920 Speaker 1: the people who had invested shiploads of money in Colombia, 554 00:29:27,520 --> 00:29:30,239 Speaker 1: and like a panic takes ahold of the market. Uh. 555 00:29:30,280 --> 00:29:32,760 Speaker 1: And this spreads to the holders of Chilean and Peruvian 556 00:29:32,800 --> 00:29:34,440 Speaker 1: bonds and they start to be like warnings in the 557 00:29:34,480 --> 00:29:38,560 Speaker 1: press that um, people might like, yeah, people might have 558 00:29:39,000 --> 00:29:41,760 Speaker 1: might be about to lose all of their money. Um. 559 00:29:41,800 --> 00:29:45,360 Speaker 1: So the bubble bursts and people stopped buying Gregor's bonds, 560 00:29:45,680 --> 00:29:47,480 Speaker 1: which he had not sold all of the bonds he 561 00:29:47,520 --> 00:29:49,560 Speaker 1: was trying to issue, so he's in a cash crunch. Now, 562 00:29:49,560 --> 00:29:52,080 Speaker 1: this didn't halt colonization because he had a bunch of 563 00:29:52,080 --> 00:29:53,640 Speaker 1: money that he had gotten from these people who are 564 00:29:53,680 --> 00:29:56,800 Speaker 1: buying fake land from him. Um. But so he had 565 00:29:56,840 --> 00:29:59,240 Speaker 1: to like rush along and send you know, hundreds of 566 00:29:59,240 --> 00:30:02,720 Speaker 1: people off on these two boats uh, and then travel 567 00:30:02,760 --> 00:30:04,640 Speaker 1: back to London to find a way to grift more money. 568 00:30:04,640 --> 00:30:06,240 Speaker 1: And it's funny the way he does this. He meets 569 00:30:06,280 --> 00:30:08,840 Speaker 1: this like British Army officer who's like a very rich 570 00:30:08,880 --> 00:30:11,440 Speaker 1: and famous man in London and offers him a place 571 00:30:11,480 --> 00:30:13,880 Speaker 1: to stay, and Gregor becomes good friends with him, and 572 00:30:13,880 --> 00:30:16,520 Speaker 1: he's like, hey, I'll make you the ambassador to poi 573 00:30:16,640 --> 00:30:18,680 Speaker 1: A if you like help me get some bank loans 574 00:30:18,720 --> 00:30:24,960 Speaker 1: and ship you can be the other king. So while 575 00:30:25,000 --> 00:30:27,680 Speaker 1: he's doing this. The first shipload of colonists land at 576 00:30:27,680 --> 00:30:31,680 Speaker 1: Poier in early and they were immediately surprised by a 577 00:30:31,680 --> 00:30:35,120 Speaker 1: couple of things. For one thing, there was no European 578 00:30:35,200 --> 00:30:37,280 Speaker 1: style capital right at the edge of the harbor like 579 00:30:37,320 --> 00:30:40,200 Speaker 1: the drawings that Gregor had showed them had depicted. In fact, 580 00:30:40,200 --> 00:30:45,040 Speaker 1: there were no signs, no roads, no buildings, no signs 581 00:30:45,040 --> 00:30:47,680 Speaker 1: of what they called civilization at all. And there's also 582 00:30:47,760 --> 00:30:50,080 Speaker 1: no signs of the friendly natives that they've been promised 583 00:30:50,080 --> 00:30:52,720 Speaker 1: were eagerly awaiting them. There's no people that they see 584 00:30:52,760 --> 00:30:55,520 Speaker 1: at first. The first wave of guys splash ashore and 585 00:30:55,520 --> 00:30:57,880 Speaker 1: they're just kind of baffled. The landes beautiful, but it's 586 00:30:57,960 --> 00:31:00,720 Speaker 1: completely undeveloped and there's no way to like there's no 587 00:31:00,760 --> 00:31:02,560 Speaker 1: clear way to make farms there. You'd have to chop 588 00:31:02,640 --> 00:31:08,560 Speaker 1: down hundreds of trees and like put in soil and everything. Like, so, yeah, 589 00:31:08,600 --> 00:31:11,440 Speaker 1: this would not have been an impossible task. Like obviously 590 00:31:11,480 --> 00:31:13,920 Speaker 1: you could have turned this land into land that had 591 00:31:13,960 --> 00:31:18,120 Speaker 1: farms and shipped on it if the expedition there had 592 00:31:18,120 --> 00:31:20,120 Speaker 1: been filled with people who were like ready to do that, 593 00:31:20,200 --> 00:31:23,160 Speaker 1: like a bunch of experienced woodsmen and young farmers who 594 00:31:23,200 --> 00:31:26,479 Speaker 1: like were were used to hard work and expecting it. 595 00:31:26,880 --> 00:31:28,840 Speaker 1: But the party that Gregor had sent to be the 596 00:31:28,880 --> 00:31:31,560 Speaker 1: first people in the poyer consisted of only a couple 597 00:31:31,560 --> 00:31:34,240 Speaker 1: of veteran soldiers and younger farmers with any sort of 598 00:31:34,280 --> 00:31:36,840 Speaker 1: experience with hard work. The rest of the party was 599 00:31:36,880 --> 00:31:40,200 Speaker 1: a mix of lawyers, artisans, a banker, and one young 600 00:31:40,240 --> 00:31:42,640 Speaker 1: man who Gregor had promised would be the first theater 601 00:31:42,760 --> 00:31:49,600 Speaker 1: director on the island of Poi. Yeah, there's yeah. And 602 00:31:49,920 --> 00:31:52,280 Speaker 1: there were some other farmers, but most of them were 603 00:31:52,320 --> 00:31:54,360 Speaker 1: old men who, like had hoped that they'd get to 604 00:31:54,360 --> 00:31:56,880 Speaker 1: retire in a place that Gregor had promised that Gregor 605 00:31:56,920 --> 00:31:59,720 Speaker 1: had told them that, like the climate employer extends, the 606 00:31:59,760 --> 00:32:05,400 Speaker 1: lie was of English people's. And then there were clerks 607 00:32:05,440 --> 00:32:08,200 Speaker 1: who were supposed to staff the empty government offices in 608 00:32:08,240 --> 00:32:12,320 Speaker 1: a capital that did not exist. So this was not 609 00:32:12,440 --> 00:32:15,200 Speaker 1: the crew of people you would pick to build civilization 610 00:32:15,360 --> 00:32:18,120 Speaker 1: from the ground up using nothing but hand tools, right Like, 611 00:32:18,200 --> 00:32:20,520 Speaker 1: these aren't the folks who are going to clear cut 612 00:32:20,600 --> 00:32:24,760 Speaker 1: forests and start farms from nothing. Oh my god, these 613 00:32:24,760 --> 00:32:29,080 Speaker 1: are the influencer girls. Yeah, these are a lot of influencers, 614 00:32:29,160 --> 00:32:31,040 Speaker 1: right Like, there's a lot of people who basically thought 615 00:32:31,040 --> 00:32:33,120 Speaker 1: like basically a lot of people who are like middle 616 00:32:33,160 --> 00:32:35,120 Speaker 1: class and upper middle class and who were told like, 617 00:32:35,280 --> 00:32:37,600 Speaker 1: you want to be aristocrats, you move here, you can 618 00:32:37,640 --> 00:32:40,520 Speaker 1: be like the new aristocracy of this new country. And 619 00:32:40,560 --> 00:32:43,320 Speaker 1: then like, ah, there's no country, sorry, but you are 620 00:32:43,400 --> 00:32:46,680 Speaker 1: still aristocracy. Look, you you can rule that tree. Yeah, 621 00:32:46,880 --> 00:32:50,280 Speaker 1: you can rule those leaves. You're the richest guy in 622 00:32:50,320 --> 00:32:52,600 Speaker 1: the woods, according to the fake dollars I gave you 623 00:32:53,440 --> 00:32:55,960 Speaker 1: that you can use nowhere. Because there's no one here 624 00:32:56,520 --> 00:32:59,800 Speaker 1: you cannot use. So there were people. There were natives, 625 00:32:59,840 --> 00:33:01,840 Speaker 1: and some of the natives were friendly, but others weren't, 626 00:33:01,960 --> 00:33:04,160 Speaker 1: and like none of them had any desire to work 627 00:33:04,200 --> 00:33:06,640 Speaker 1: for white people, like because they were doing their own thing. 628 00:33:06,680 --> 00:33:10,760 Speaker 1: They're like, well, like we're fine, we already have lines, 629 00:33:10,880 --> 00:33:13,320 Speaker 1: like what do you guys are all dying, Like we don't, 630 00:33:13,360 --> 00:33:15,719 Speaker 1: we don't want to, like nobody wants to take advice 631 00:33:15,760 --> 00:33:19,360 Speaker 1: from you. For white people to think that people want 632 00:33:19,360 --> 00:33:21,840 Speaker 1: to work for them, like, of course they want to 633 00:33:21,840 --> 00:33:26,200 Speaker 1: work for us, but nothing. Well, this is where we 634 00:33:26,280 --> 00:33:28,280 Speaker 1: get to the thing about this, that is this a 635 00:33:28,320 --> 00:33:31,760 Speaker 1: beautiful piece of historic irony because all of the white 636 00:33:31,760 --> 00:33:35,080 Speaker 1: men here, they weren't particularly bad within sort of the 637 00:33:35,160 --> 00:33:37,280 Speaker 1: context of their cultures. But they all had the same 638 00:33:37,320 --> 00:33:39,840 Speaker 1: thing that basically all white Europeans had, which is this 639 00:33:39,880 --> 00:33:44,560 Speaker 1: belief that like they inherently knew how to be civilized 640 00:33:44,800 --> 00:33:47,280 Speaker 1: in a way that other peoples of the world didn't, 641 00:33:47,640 --> 00:33:49,840 Speaker 1: and like, that's why they should take all this land 642 00:33:49,880 --> 00:33:51,920 Speaker 1: from these people, is they knew how to civilize it. 643 00:33:52,280 --> 00:33:55,720 Speaker 1: And so finally, a group of these people who believe 644 00:33:55,840 --> 00:33:57,600 Speaker 1: that they were who believed that they were going to 645 00:33:57,640 --> 00:33:59,840 Speaker 1: help a bunch of poor, non white people learn how 646 00:33:59,880 --> 00:34:02,800 Speaker 1: to be civilized, this group of people finds themselves in 647 00:34:02,800 --> 00:34:07,360 Speaker 1: a land that's actually truly wild and undeveloped, and so 648 00:34:07,600 --> 00:34:10,120 Speaker 1: it was like, okay, guys, like you're here, are you're 649 00:34:10,120 --> 00:34:12,839 Speaker 1: gonna make a civilization? Now? Can you do it? And 650 00:34:12,920 --> 00:34:15,480 Speaker 1: of course not. They all completely fucking collapsed because there 651 00:34:15,520 --> 00:34:17,520 Speaker 1: was nothing for them to just take over and steal. 652 00:34:17,800 --> 00:34:20,160 Speaker 1: They actually would have had to build civilization from the 653 00:34:20,160 --> 00:34:22,759 Speaker 1: ground up, and none of them were ready to do that. Right. 654 00:34:22,760 --> 00:34:26,480 Speaker 1: They're like, we did that once and then everything from 655 00:34:26,480 --> 00:34:29,560 Speaker 1: everybody else. Yeah, and we didn't, like people like a 656 00:34:29,640 --> 00:34:32,480 Speaker 1: thousand years ago did that once, and we've just been 657 00:34:32,600 --> 00:34:35,600 Speaker 1: kind of coasting, Like I'm gonna be honest. We stole 658 00:34:35,680 --> 00:34:41,200 Speaker 1: guns from China and it's been easy. So some of 659 00:34:41,239 --> 00:34:43,520 Speaker 1: this was the fault of the lieutenant governor who refused 660 00:34:43,560 --> 00:34:46,360 Speaker 1: to lead his party to higher ground and build permanent structures. 661 00:34:46,600 --> 00:34:48,840 Speaker 1: See midway through the unloading of the equipment, they brought 662 00:34:48,840 --> 00:34:50,759 Speaker 1: a storm and hit the coast, and the captain of 663 00:34:50,760 --> 00:34:52,719 Speaker 1: the boat that dropped them there used this as an 664 00:34:52,719 --> 00:34:55,320 Speaker 1: excuse to abandon them and sell the rest of their stuff. 665 00:34:57,719 --> 00:35:01,440 Speaker 1: And the governor, Yeah, the governor couldn't believe he had 666 00:35:01,480 --> 00:35:03,640 Speaker 1: been abandoned, and he wanted everyone to stay close to 667 00:35:03,640 --> 00:35:05,480 Speaker 1: shore because he thought a boat was coming back to 668 00:35:05,560 --> 00:35:08,319 Speaker 1: rescue them, that there had been some mistake. And he's 669 00:35:08,400 --> 00:35:10,440 Speaker 1: there is one there is like there is like an 670 00:35:10,440 --> 00:35:13,960 Speaker 1: actual town that's like a a several days journey away, 671 00:35:14,200 --> 00:35:16,920 Speaker 1: that's where like the actual king of the Mosquito Coast 672 00:35:17,040 --> 00:35:20,080 Speaker 1: is based out of. And like there's some civilization you 673 00:35:20,080 --> 00:35:22,920 Speaker 1: know by the European terms there, but it's not very big. 674 00:35:23,280 --> 00:35:25,600 Speaker 1: They don't have any interest in taking these people's money. 675 00:35:25,840 --> 00:35:28,319 Speaker 1: And they certainly like when they talked to this guy 676 00:35:28,360 --> 00:35:31,680 Speaker 1: who suppose has supposedly this king who supposedly made Gregor 677 00:35:32,040 --> 00:35:33,879 Speaker 1: prince and He's like, I don't know what the funk 678 00:35:33,880 --> 00:35:35,880 Speaker 1: you're talking about. Like I gave that dude some land, 679 00:35:35,920 --> 00:35:38,800 Speaker 1: but like I was not, like nobody, nobody wants you 680 00:35:38,840 --> 00:35:41,000 Speaker 1: all to civilize us, Like what do you what's what? 681 00:35:41,160 --> 00:35:45,560 Speaker 1: What's going on here? Yeah, so they're kind of fucked. Yeah, 682 00:35:45,680 --> 00:35:49,960 Speaker 1: you know who isn't kind of fucked though? The products 683 00:35:50,000 --> 00:35:59,040 Speaker 1: and services that support this podcast. Oh we're back. So 684 00:35:59,719 --> 00:36:03,240 Speaker 1: these people have just realized that they've been drifted um, 685 00:36:03,320 --> 00:36:05,799 Speaker 1: and that there's no country for them and that they're 686 00:36:05,840 --> 00:36:09,799 Speaker 1: alone in the wilderness with dwindling supplies um. And so 687 00:36:09,880 --> 00:36:12,080 Speaker 1: for months they did very little. They were just kind 688 00:36:12,080 --> 00:36:14,160 Speaker 1: of waiting for the second colony ship and a chance 689 00:36:14,200 --> 00:36:16,719 Speaker 1: to escape. Some of them hunted for meat, others dug 690 00:36:16,760 --> 00:36:20,120 Speaker 1: holes in the sand to collect semi drinkable water. Uh, 691 00:36:20,160 --> 00:36:22,239 Speaker 1: they didn't have any rum, which was used to clean 692 00:36:22,280 --> 00:36:25,320 Speaker 1: water back then. So everybody starts getting sick. And eventually 693 00:36:25,360 --> 00:36:27,360 Speaker 1: the second boat does arrive a lot with two d 694 00:36:27,520 --> 00:36:30,840 Speaker 1: fifty new colonists, and you know, they realized that something's 695 00:36:30,880 --> 00:36:33,160 Speaker 1: gone wrong. But the boat that took them wasn't hired 696 00:36:33,200 --> 00:36:34,919 Speaker 1: to take them back, and they didn't have any money 697 00:36:34,920 --> 00:36:37,280 Speaker 1: because their only money is fake. So they're all stuck 698 00:36:37,320 --> 00:36:41,319 Speaker 1: to um. So I had to try to finess on 699 00:36:41,320 --> 00:36:46,040 Speaker 1: that boat up but like y'all whatever is great, y'all 700 00:36:46,080 --> 00:36:47,880 Speaker 1: just go head up that way. Okay, I'm gonna go 701 00:36:47,880 --> 00:36:53,000 Speaker 1: to the boat. So they're they're a little fucked um 702 00:36:53,080 --> 00:36:54,680 Speaker 1: with all the new blood that's just come in. They 703 00:36:54,680 --> 00:36:57,440 Speaker 1: briefly try to like build permanent structures. They try to 704 00:36:57,480 --> 00:36:59,719 Speaker 1: chop down pine trees and float them on the river 705 00:36:59,760 --> 00:37:01,600 Speaker 1: down to their camp, which is a thing that like 706 00:37:01,680 --> 00:37:03,799 Speaker 1: people do. That's how you get big trees. That's how 707 00:37:03,840 --> 00:37:06,360 Speaker 1: you moved him in this period, And that would have 708 00:37:06,400 --> 00:37:08,400 Speaker 1: been a good idea if they'd known what they were doing. 709 00:37:08,680 --> 00:37:10,800 Speaker 1: But you said, you have to drain the pine resin 710 00:37:10,840 --> 00:37:12,680 Speaker 1: out of a tree like that before you can float it, 711 00:37:12,719 --> 00:37:16,200 Speaker 1: because otherwise it won't float. All their logs sink. So 712 00:37:16,320 --> 00:37:18,879 Speaker 1: they realized their mistake and they start tapping the resin 713 00:37:19,000 --> 00:37:21,640 Speaker 1: out of pine trees, which takes a long time and 714 00:37:21,680 --> 00:37:25,080 Speaker 1: doesn't isn't done before the rainy season, and because they're dumb, 715 00:37:25,120 --> 00:37:27,040 Speaker 1: they throw all the reson away rather than using it 716 00:37:27,080 --> 00:37:28,920 Speaker 1: to seal the roofs of the huts that they built, 717 00:37:29,120 --> 00:37:31,399 Speaker 1: because again they don't know what the funk they're doing. 718 00:37:31,800 --> 00:37:34,200 Speaker 1: So the rainy season comes and they all get soaked, 719 00:37:34,239 --> 00:37:36,080 Speaker 1: and they all get sick, and all their kids start 720 00:37:36,120 --> 00:37:38,239 Speaker 1: to die, and then the old people start to die. 721 00:37:38,760 --> 00:37:41,600 Speaker 1: The guy who got Like one of the real tragedies 722 00:37:41,640 --> 00:37:43,960 Speaker 1: is that there was a guy who Gregor Condon to 723 00:37:44,040 --> 00:37:46,520 Speaker 1: buying his way on, who was a shoemaker and was 724 00:37:46,560 --> 00:37:48,600 Speaker 1: promised he was going to be the first shoemaker and 725 00:37:48,640 --> 00:37:51,880 Speaker 1: all of POI like get to establish Yeah, which he was, 726 00:37:52,120 --> 00:37:54,239 Speaker 1: and he shot himself to death when he realized he'd 727 00:37:54,239 --> 00:37:57,760 Speaker 1: been gripped um blew his brains out with a musket. Yeah, 728 00:37:58,200 --> 00:38:01,480 Speaker 1: very sad. So all of the people who were supposed 729 00:38:01,480 --> 00:38:04,040 Speaker 1: to be in charge of this endeavor, all of the professionals, 730 00:38:04,040 --> 00:38:06,840 Speaker 1: the former military officers, the civil servants, the kind of 731 00:38:06,960 --> 00:38:08,960 Speaker 1: the people who are planning to be the aristocracy of 732 00:38:08,960 --> 00:38:12,200 Speaker 1: this new society, completely failed to take a hand in 733 00:38:12,280 --> 00:38:16,120 Speaker 1: building an actual survivable settlement. Instead, they vested all of 734 00:38:16,160 --> 00:38:19,040 Speaker 1: their hopes and the lieutenant governor who made regular trips 735 00:38:19,040 --> 00:38:21,000 Speaker 1: to the only settlement Poyer to try to find some 736 00:38:21,040 --> 00:38:23,839 Speaker 1: ship to take them home. They didn't. They just had 737 00:38:23,880 --> 00:38:26,600 Speaker 1: no interest in actually attempting to make the best of 738 00:38:26,600 --> 00:38:29,759 Speaker 1: their circumstances because they didn't know how to bring civilization 739 00:38:29,840 --> 00:38:32,400 Speaker 1: to a place. They just knew how to exploit people 740 00:38:32,600 --> 00:38:36,879 Speaker 1: when there was already civilization. David Sinclair writes, quote, they 741 00:38:36,880 --> 00:38:38,680 Speaker 1: had been led to believe that they would find homes 742 00:38:38,719 --> 00:38:41,279 Speaker 1: inter near a great city that was essentially European in 743 00:38:41,400 --> 00:38:43,920 Speaker 1: style and peopled by men and women like themselves, including 744 00:38:43,920 --> 00:38:46,359 Speaker 1: English and Americans, and the event the only people they 745 00:38:46,360 --> 00:38:48,920 Speaker 1: found living in Poyer, aside from the natives, were too 746 00:38:48,920 --> 00:38:52,240 Speaker 1: eccentric Americans named Murray and Winship, who had built themselves 747 00:38:52,280 --> 00:38:54,200 Speaker 1: a farm in the hills behind the Black Lagoon a 748 00:38:54,200 --> 00:38:56,319 Speaker 1: couple of years earlier. I kind of think those guys 749 00:38:56,400 --> 00:39:00,480 Speaker 1: might have been gay and just like escaping, Well, this 750 00:39:00,560 --> 00:39:03,479 Speaker 1: is just the like we're gay, the world's terrible, Let's 751 00:39:03,480 --> 00:39:05,680 Speaker 1: go live alone in the middle of nowhere on a farm. 752 00:39:06,200 --> 00:39:08,640 Speaker 1: Seems like, yeah, yeah, it's a good good I whish 753 00:39:08,719 --> 00:39:10,319 Speaker 1: I hope things worked out for them. I don't know 754 00:39:10,360 --> 00:39:13,920 Speaker 1: anything else about them, so it was hardly surprising then 755 00:39:14,120 --> 00:39:16,680 Speaker 1: when the likes of Colonel Hall, the civil servants, the 756 00:39:16,719 --> 00:39:19,120 Speaker 1: officer class, and the manager of the National Bank of 757 00:39:19,160 --> 00:39:22,480 Speaker 1: Poyer realized that they had been comprehensively duped. Their first 758 00:39:22,520 --> 00:39:25,000 Speaker 1: thought should have been to escape from the inhospitable wilderness 759 00:39:25,000 --> 00:39:27,919 Speaker 1: in which McGregor's deception had deposited them. On the other hand, 760 00:39:28,040 --> 00:39:29,920 Speaker 1: there can be no doubt that part of the tragedy 761 00:39:29,960 --> 00:39:31,960 Speaker 1: of Poier was the failure of the men, who, through 762 00:39:32,000 --> 00:39:34,759 Speaker 1: their societal position alone, would have been regarded as the 763 00:39:34,840 --> 00:39:37,440 Speaker 1: national leaders of the group, to adjust the uncomfortable and 764 00:39:37,520 --> 00:39:40,480 Speaker 1: dangerous circumstance created by McGregor's lives, and to show some 765 00:39:40,560 --> 00:39:43,480 Speaker 1: of the capacity for leadership that might have been expected 766 00:39:43,520 --> 00:39:45,880 Speaker 1: of them. Instead, when the conditions they found on their 767 00:39:45,920 --> 00:39:48,520 Speaker 1: arrival did not correspond in any way to those promised, 768 00:39:49,239 --> 00:39:51,600 Speaker 1: they took the view that because the authority conferred upon 769 00:39:51,640 --> 00:39:54,080 Speaker 1: them my McGregor was obviously as bogus as the country 770 00:39:54,120 --> 00:39:56,200 Speaker 1: he described, it was no business of theirs to try 771 00:39:56,239 --> 00:40:01,800 Speaker 1: to compensate for his betrayal. Basically, they totally dropped all responsibility. 772 00:40:01,920 --> 00:40:03,480 Speaker 1: When they thought they were going to be in charge 773 00:40:03,480 --> 00:40:05,919 Speaker 1: of a country that was already ready built, they were 774 00:40:05,960 --> 00:40:08,520 Speaker 1: they were ready to be responsible. When they realized they 775 00:40:08,520 --> 00:40:11,120 Speaker 1: were in a dangerous situation, none of them were willing 776 00:40:11,160 --> 00:40:13,680 Speaker 1: to do anything. They took all their badges off through 777 00:40:13,680 --> 00:40:16,080 Speaker 1: the jacket down. No, No, I'm not in charge of ship. 778 00:40:16,120 --> 00:40:18,960 Speaker 1: What are you talking about? Yeah, And there's there's a 779 00:40:19,000 --> 00:40:21,520 Speaker 1: part of this story that kind of reveals how fundamentally 780 00:40:21,560 --> 00:40:24,600 Speaker 1: hollow the social structure of the British Empire really was. 781 00:40:24,960 --> 00:40:26,960 Speaker 1: These colonists had been left in a bad position, but 782 00:40:27,040 --> 00:40:29,279 Speaker 1: not an unsurvivable one. They had a year's worth of 783 00:40:29,320 --> 00:40:32,880 Speaker 1: food rations, they had two doctors, medical supplies, tools and guns. 784 00:40:32,920 --> 00:40:36,640 Speaker 1: They could have built a survivable community, but they weren't 785 00:40:36,640 --> 00:40:38,719 Speaker 1: to community. They had no desire to be one. There 786 00:40:38,760 --> 00:40:40,239 Speaker 1: were a bunch of people who wanted to get rich 787 00:40:40,320 --> 00:40:42,440 Speaker 1: quick and make non white natives do all of the 788 00:40:42,480 --> 00:40:45,759 Speaker 1: hard work. As one survival survivor of the expedition, of 789 00:40:45,800 --> 00:40:48,880 Speaker 1: the expedition, James Hasty later noted, I do not wish 790 00:40:48,920 --> 00:40:51,160 Speaker 1: to say anything rashly, but instead of attending to make 791 00:40:51,239 --> 00:40:53,920 Speaker 1: us comfortable, it seemed as if everyone was for his 792 00:40:54,000 --> 00:40:56,760 Speaker 1: own hand, was in it for himself. Even the boards 793 00:40:56,760 --> 00:40:58,600 Speaker 1: and timber used for fitting up our births and the 794 00:40:58,640 --> 00:41:02,759 Speaker 1: ship were mostly sold or delivered. Basically like they had 795 00:41:02,800 --> 00:41:04,640 Speaker 1: this wood that was used to build births in the 796 00:41:04,640 --> 00:41:06,319 Speaker 1: ship that they took out of the boat when they 797 00:41:06,400 --> 00:41:09,399 Speaker 1: landed to build homes with. But instead of building homes, 798 00:41:09,400 --> 00:41:11,520 Speaker 1: the people in charge sold It's that they could buy 799 00:41:11,800 --> 00:41:14,640 Speaker 1: some manner of luxuries from the local like they're like. 800 00:41:14,760 --> 00:41:16,799 Speaker 1: Nobody took care of each other. It was just like 801 00:41:16,840 --> 00:41:20,279 Speaker 1: this complete. It was every man for himself. Now, A 802 00:41:20,360 --> 00:41:22,520 Speaker 1: couple of the braver souls left to make a five 803 00:41:22,920 --> 00:41:25,359 Speaker 1: mile journey to a British colony in Honduras to try 804 00:41:25,360 --> 00:41:27,279 Speaker 1: to get help. And this was noble for them, but 805 00:41:27,320 --> 00:41:29,799 Speaker 1: it meant that like the most decent and competent men 806 00:41:30,239 --> 00:41:33,040 Speaker 1: in the whole expedition weren't there anymore. So by the 807 00:41:33,120 --> 00:41:36,279 Speaker 1: end of April, as James wrote, quote, sick sickness and 808 00:41:36,320 --> 00:41:39,320 Speaker 1: despondency was so general that few were able or willing 809 00:41:39,360 --> 00:41:41,759 Speaker 1: to make any exertion. And I am sorry to have 810 00:41:42,120 --> 00:41:43,839 Speaker 1: to have to add that many of those who were 811 00:41:43,880 --> 00:41:47,040 Speaker 1: still well plundered instead of assisted their sick brethren, and 812 00:41:47,080 --> 00:41:50,040 Speaker 1: likewise plundered the public stores of anything they could conveniently 813 00:41:50,120 --> 00:41:54,080 Speaker 1: lay their hands upon. They robbed them. They were planning 814 00:41:54,080 --> 00:41:56,600 Speaker 1: to rob other people, they wound up robbing themselves, and 815 00:41:56,600 --> 00:41:58,680 Speaker 1: in the end more than two thirds of them died 816 00:41:59,440 --> 00:42:02,920 Speaker 1: just a couple of months. Yeah, the traumatized survivors were 817 00:42:02,960 --> 00:42:06,440 Speaker 1: eventually rescued by a passing ship, which was fortunate because 818 00:42:06,520 --> 00:42:09,560 Speaker 1: as they were rescued, Gregor had dispatched five more ships 819 00:42:09,600 --> 00:42:12,440 Speaker 1: filled with like a thousand other people men, women and 820 00:42:12,560 --> 00:42:15,840 Speaker 1: children to a colony that had become a graveyard. The 821 00:42:15,840 --> 00:42:18,479 Speaker 1: British Navy was thankfully able to recall these boats before 822 00:42:18,480 --> 00:42:24,960 Speaker 1: anyone else died. Sending people over there, of course he was. 823 00:42:25,080 --> 00:42:27,840 Speaker 1: He's a grifter. He ain't done grift. Maybe he thought 824 00:42:27,880 --> 00:42:30,360 Speaker 1: the first people would actually just buck up and start 825 00:42:30,440 --> 00:42:32,960 Speaker 1: building something so that by the time the other people 826 00:42:32,960 --> 00:42:38,000 Speaker 1: got there they saw something in progress that did not happen. Yeah. 827 00:42:38,239 --> 00:42:40,920 Speaker 1: If I keep sending people over, eventually it will be 828 00:42:40,960 --> 00:42:46,000 Speaker 1: true that there's a settlement there. He's not wrong, Yeah, 829 00:42:46,000 --> 00:42:51,239 Speaker 1: because they'll die otherwise. Yeah. So, by autumn of eighty three, 830 00:42:51,480 --> 00:42:53,480 Speaker 1: the story of what had really happened at Poyer had 831 00:42:53,560 --> 00:42:56,880 Speaker 1: hit London, and McGregor's response was to do what McGregor 832 00:42:56,920 --> 00:43:00,759 Speaker 1: did treat. Yeah. He fled to France, where he tried 833 00:43:00,800 --> 00:43:02,759 Speaker 1: to do the same trick again and it tried to 834 00:43:02,800 --> 00:43:05,759 Speaker 1: get more colonists to go to Poier. He he got 835 00:43:05,760 --> 00:43:08,880 Speaker 1: about sixty people to sign up and pay him. But 836 00:43:08,920 --> 00:43:12,000 Speaker 1: even thankfully, like Paris isn't that far from London, the 837 00:43:12,040 --> 00:43:14,759 Speaker 1: authorities there figured out what was happening, uh, and they 838 00:43:14,800 --> 00:43:16,879 Speaker 1: got they got wind of what was going on really 839 00:43:16,880 --> 00:43:19,840 Speaker 1: when French settlers started applying for passports to a country 840 00:43:19,840 --> 00:43:24,520 Speaker 1: that wasn't real. So there's an investigation. He gets imprisoned, 841 00:43:24,520 --> 00:43:26,800 Speaker 1: but being McGregor, he's able to kind of get himself 842 00:43:26,840 --> 00:43:30,400 Speaker 1: out of incarceration. But that was his last trick. Um. 843 00:43:30,440 --> 00:43:33,040 Speaker 1: He was left in financial debt to his investors, and 844 00:43:33,080 --> 00:43:35,520 Speaker 1: his repeated attempts to find more buyers for his fake 845 00:43:35,560 --> 00:43:39,080 Speaker 1: POI Asian bond failed to sell for some inexplicable reason. 846 00:43:39,400 --> 00:43:41,279 Speaker 1: He tried to go back home to Edinburgh, but he 847 00:43:41,320 --> 00:43:43,000 Speaker 1: was caught by some of the people he'd coned and 848 00:43:43,040 --> 00:43:45,359 Speaker 1: he was forced to flee Scotland for the only place 849 00:43:45,400 --> 00:43:48,799 Speaker 1: that would accept him Caracas, where he was still a 850 00:43:48,800 --> 00:43:52,880 Speaker 1: war hero and his status is that guaranteed him uh 851 00:43:52,960 --> 00:43:55,759 Speaker 1: kind of a place to live basically, but not much more. 852 00:43:55,960 --> 00:44:01,160 Speaker 1: He died penniless in December of eighteen forty five. Wow, Yeah, 853 00:44:01,560 --> 00:44:03,920 Speaker 1: he had come up so much. If you hadn't just 854 00:44:04,000 --> 00:44:07,239 Speaker 1: go to that last I'm gonna sell y'all a break country. 855 00:44:07,320 --> 00:44:11,320 Speaker 1: He could have just lived his life out rich dollars 856 00:44:11,360 --> 00:44:19,399 Speaker 1: are proud like, wow, ye can't stop, won't stop, can't 857 00:44:19,640 --> 00:44:23,080 Speaker 1: That's that's the scammer thing, right, That's how they all 858 00:44:23,120 --> 00:44:25,400 Speaker 1: get caught, because like, you have to be able to 859 00:44:25,440 --> 00:44:27,759 Speaker 1: walk away. It's like gambling. You have to know when 860 00:44:27,760 --> 00:44:30,960 Speaker 1: you're up. You just gotta. That's how you win at gambling. 861 00:44:31,600 --> 00:44:33,680 Speaker 1: There's no other way to win a gambling but leaving 862 00:44:34,840 --> 00:44:41,840 Speaker 1: deep well, plug your pluggable. Speaking of scams, yeah, it 863 00:44:41,920 --> 00:44:45,200 Speaker 1: would be like robbery. You like company scam got his podcast. 864 00:44:45,920 --> 00:44:47,480 Speaker 1: You could buy me a d I V A l 865 00:44:47,560 --> 00:44:52,480 Speaker 1: A c I DVA Lacey on all platforms, Robert, when 866 00:44:52,480 --> 00:44:56,640 Speaker 1: they find you, Oh no no, I can't be found Hills. 867 00:44:57,360 --> 00:45:01,000 Speaker 1: That's when I thought, yeah you can. You can. You 868 00:45:01,040 --> 00:45:06,320 Speaker 1: can find this podcast at Bastard's pod on all the things. Yeah. 869 00:45:08,080 --> 00:45:19,040 Speaker 1: H h m hm