Banks do not merely store money; in Jiang’s model they create money/liquidity, making money a collective hallucination rather than a fixed object.
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Banking
Banks do not merely store money; in Jiang’s model they create money/liquidity, making money a collective hallucination rather than a fixed object.
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Key Notes
Jiang says the world economy is based on stealing from the third world and transferring that money into first-world banking and real estate systems.
Merchant oligarchies use banking, navy/trade control, and diplomacy/intelligence to extract energy across time and space.
The Knights Templar become a multinational bank by solving pilgrim money-transfer problems, then grow wealthy and heterodox enough that the Church bans them in 1307.
Jiang argues that even under fractional reserves, banks expand money beyond deposited cash; the important point is that bank accounting creates money in practice.
The opening money example asks students to compare the intuitive zero-money answer with what the banking system actually does.
The economics-class answer to banking is fractional reserve logic, but Jiang says the real system creates a larger balance sheet by treating the loan and deposit as coexisting claims.
The Knights Templar became influential because they functioned as a multinational banking and trade organization, not only as pilgrim protectors.
Timestamped Evidence
"Okay, so again, this is a science book. It's a set explanation for why there's a bubble burst, because it's delusional, and then it's..."
"So maybe I want to start a restaurant. And so I borrow a million dollars from the bank, okay? Question, how much money is..."
"...you guys know what the biggest industry in Australia is? It's banking, okay? Okay, banking. Which means that Australia also engages in money laundering...."
"...and the world is through three mechanisms, okay? The first is banking. Banking just means that these oligarchs are pooling their resources together in..."
"Now, the idea of diplomacy is you don't want to fight. You don't want to fight wars because your population is very limited. What..."
"And eventually they succeed, okay? Even though a lot are criminals, they're still very good fighters because they have religious devotion, okay? They're very..."
"So they're a bank, basically. And then they can use this money to start investing throughout Europe, and so they become a very wealthy..."
"You cannot loan all the money that you have. They will have a limit like 25%. I don't know. Okay. Maybe 10%. So you..."
"Okay. Really good point. Okay. Yes. Okay. So that's really good. So in economics, you learn about the idea of the fractional reserve system...."
"You'll be empowered to live the way you want to live, to see the world that is true to you. So let me give..."
"And after a year, I will pay you back 10 % interest. Okay. 10 % interest. And so I make a 9 % profit..."
Relevant Lectures And Readings
Chinese students are chasing English, dollars, and Western immigration because they are already inside a British-made world game.
Rome fails to build a bureaucracy, Byzantium survives behind walls, and Western Europe is ruled by a stranger empire: a church that claims the sky, the soul, and the right to make impossible doctrine...
The first Secret History class begins with Kant and ends with alchemy.
The first Secret History class starts with Kant and ends with alchemy.
Related Topics
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