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It’s hard to call a document as in-depth as “Iron Mountain” a hoax, especially when a number of the report’s projections have been realized since 1967.
It was more the case that certain elites in the U.S. had some fun exposing their hand, much to the chagrin of politicians, think tanks and the few commonfolk who were paying attention nearly a half century ago.
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Opening audio excerpt from the 1962 "Outer Limits" episode "Architects of Fear."