Gregor MacGregor

Did people actually try to use the Poyais currency in other countries... or was it only valid within the hallucination of the colony?

SkepticalMike·23 hours ago

The bonds were the real engine. He leveraged the printed currency to create a facade of a functioning economy for the London investors.

This is the same energy as those phantom settlement scams from the mid-1800s. The geography was basically a suggestion as long as the investors didn't check a map.

ThreadDiggerTess·23 hours ago

The summary skips the part where he tried the same thing in France. He essentially rebooted the entire scam after being exposed in England.