Why Big Capital hated Keynes almost as much as they hated the organised working class and the commies. He had seen through the illusion of bond market power, which had evolved from C12 Venice to be rolled out worldwide, making all nations vulnerable under the cosh of the US$'s 'exorbitant privilege' as reserve currency. History's greatest and most enduring financial scam. "[In 1914] When the public refused to buy the bonds, the Bank of England simply created the money. The elaborate cover-up was not to secure funding, but to maintain the illusion that the government depended on private lenders.... One of the few officials who knew the truth at the time was a young Treasury official named John Maynard Keynes. Then 31 years old, Keynes was one of a handful of people who knew the full extent of the deception. Bank of England research describes the operation as a “masterful manipulation” of the Bank’s balance sheet, a fact known to Keynes." mmtmichael.substack.com/p/fo…