The First American Ponzi Scheme
A New History of Old Texas
Brandon Seale
4.9 • 706 Ratings
🗓️ 27 August 2020
⏱️ 20 minutes
🧾️ Download transcript
Summary
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| 0:00.0 | Welcome to Cabeza de Vaca. |
| 0:09.4 | Episode 18, the first American Ponzi scheme. |
| 0:14.0 | I'm Brandon Seal. |
| 0:17.8 | Sometime in the summer of 1535, four self-proclaimed medicine men presented themselves to a Native American village consisting of 50 or so lodges. |
| 0:27.6 | The first of the four men was the most distinctive looking. His skin was dark brown, the color of a buffalo hide, and his hair and beard were darker even than |
| 0:38.5 | that. By contrast, the other three were so pale and sunburned that they almost glowed, their |
| 0:45.6 | skin flaking off them like a snake shedding its skin. The dark one in front started making |
| 0:52.0 | hand signs and shouting as he drew closer. |
| 0:55.0 | We bring you good news, he gestured to the Native Americans. |
| 0:59.0 | Maliacones, they called themselves. |
| 1:01.0 | We're the four medicine men you've heard about, performing great cures throughout this land. |
| 1:07.0 | And indeed, the Maliacones had heard of this curious band of medicine men. |
| 1:13.0 | But at the same time, they'd also started hearing stories about bearded demons appearing mysteriously on the edges of villages, |
| 1:20.2 | performing their bad medicine, then leaving and taking with them everything the villagers owned. |
| 1:26.1 | Malacosa, they called this trickster medicine man. |
| 1:29.8 | And so the Maliacones held back until they could be sure just who it was that had come to visit them. |
| 1:36.9 | If truth be told, the four medicine men had plenty of misgivings themselves. |
| 1:42.8 | Cabace de Baca, Castillo, Dorantes, and Estevan believed that they were doing God's work |
| 1:48.0 | and performing their cures, but deep down they'd begun to wonder. |
| 1:52.9 | They were so overwhelmed by the power that they suddenly had that they began to mistrust it. |
| 1:59.3 | And so several months ago, they had closed their ministry, so to speak, |
| 2:03.2 | taking up work instead as artisans, making bows, arrows, and mats for the Indians |
... |
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