TIL that in 1893 financier J.P. Morgan and the Rothschilds bailed out the U.S. Treasury with 3.5 million ounces of gold, saving it from default. Over 100 years later, Morgan’s bank was bailed out by the federal government during the 2008 financial crisis.

Read more: https://en.wikipedia.org/wiki/J._P._Morgan#Treasury_gold

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