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Friday, June 26, 2026

The Greed for Gold and Glory — Dr. Martin Erdmann - A Book Review

https://unbekoming.substack.com/p/the-greed-for-gold-and-glory-dr-martin

The Greed for Gold and Glory — Dr. Martin Erdmann

A Book Review

The square-mile financial district at the heart of Greater London is not part of the United Kingdom. The City of London Corporation governs itself under charters older than the Norman Conquest, collects its own taxes, runs its own police, and the reigning monarch must request permission to enter. Since 1957 it has operated as the command centre of a stateless offshore network — the Eurodollar market, the Crown Dependencies of Jersey and Guernsey, the Cayman Islands, Hong Kong — which by 2008 handled more than half of all international stock transactions, seventy percent of Eurobonds, and fifty-five percent of global IPOs. Martin Erdmann’s The Greed for Gold and Glory, published in December 2025 by Verax Vox Media after four years of research, argues that this arrangement is the present-day operating core of a system first perfected by Venetian oligarchs in the thirteenth century. The book runs to 425 pages with a twenty-eight-page bibliography. Its argument is that mercantilism was never abolished; it was successively relocated..........