model
Central banking is framed as a cartelized power system: banks intermarry, back each other, and can sponsor political violence to recover unpaid royal debts.
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Cartel
Central banking is framed as a cartelized power system: banks intermarry, back each other, and can sponsor political violence to recover unpaid royal debts.
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Key Notes
model
He treats OPEC fragmentation as a positive shock and argues U.S. domestic energy abundance can reduce exposure if sustained at scale.
Timestamped Evidence
Transcript
"We're going to have entertainment and sport and so on. You know, we're seeing a dramatic dialing down of investment in things like golf...."
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"...producer now, which is amazing. And how do you have a cartel when the number one producer isn't part of your cartel? So whether..."
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"...would they do? What they would do is they would create cartels. Cartels are just partnerships. So maybe this bank works with another bank,..."
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"Okay. And let's just say a king decides I'm not going to pay you back bank. Well your bank works with other banks to..."
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Relevant Lectures And Readings
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The first Secret History class begins with Kant and ends with alchemy.
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Jiang reframes Hormuz disruption as a production-system collapse and argues that escalation incentives make the Iran conflict a political-economic choke point beyond price shocks.
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