The phantom shares that pumped a parliament to its collapse
A phantom shares scheme pumps a parliament to its collapse, turning a fiscal emergency into a permission structure for fraud. How high can a market climb when nothing real is underneath it?
The phantom shares that pumped a parliament to its collapse
This episode explores the South Sea Company, an enterprise built on a trade that never worked, and how its share price was manipulated to create an illusion of wealth. It examines the mechanisms that allowed a genuine fiscal emergency to be exploited for fraud and how the architects of the scheme were protected.
Person: Robert Harley
Date: 1710…
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