Wall Street backs the current elite and Silicon Valley backs the counter-elite, making control of Washington a financial fight between status quo and revolution.
Topic brief
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Wall Street
Jiang describes the current U.S.-China arrangement as China sending cheap goods to America while America sends dollars that the Communist Party stores in American banks.
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Key Notes
Jiang claims that killing the Romanovs benefited foreign banks because Romanov wealth held in London and Wall Street became effectively controlled by those banks after the family died.
Jiang claims Wall Street and the City of London paid Bolshevik mercenaries, and that the Bolsheviks repaid them through Red Terror extraction from Russian wealth holders.
Jiang cites Richard Spence for the argument that Wall Street financed the Bolsheviks to destroy Russia's economy and extract its wealth and resources.
Jiang claims Wall Street and the City of London bankrolled the Soviets, raising the question of why capital would fund communists.
Richard Spence's account is used to argue Wall Street had pro-Bolshevik pitchmen who publicly described Bolshevik Russia as a democratic and excellent business environment.
Jiang says Wall Street used Bolshevik gold to shape American opinion about the revolution.
Jiang frames the 2008 crisis as a rigged Ivy League and Wall Street system that Obama promised to change but ultimately protected through elite economic appointments.
Timestamped Evidence
"This is the Peter Turchin idea. And he argues that what leads to the election is the election. What leads to civil war is..."
"Okay? And AI. Okay? So, in other words, Wall Street are the main backers of the current elite. And then Silicon Valley are the..."
"They didn't do that. They just stuck around. So the question then is, why would they just stick around? The answer is, they never..."
"...dollars in foreign banks, okay? In the city of London on Wall Street, okay? A lot of their wealth, billions and billions of dollars,..."
"This is one of the great controversies of the 20th century. The government of Russia has been trying for a long time to get..."
"And the answer is, well, Wall Street, guys. Wall Street and the City of London gave the Bolsheviks money to pay these mercenaries. It..."
"...the whites, okay? Alright? So the allies helped the Bolsheviks and Wall Street gave money to the Bolsheviks for mercenaries. And that's how the..."
"...the money to finance this war, in order to pay off Wall Street, okay? They expropriated every valuable they could, get their hands on..."
"...Hungrians, okay? How did they get all this money? Transnational capital. Wall Street and the City of London were bank -holding the Soviets. Why..."
"...Okay? All right? All right. So this is a book called Wall Street and the Russian Revolution. It's started by a man by the..."
"The pro -Bolsheviks... The Bolshevik faction on Wall Street had a most outspoken pitchman in the aforementioned William Boyce Thompson. Departing Petrograde, he arrived..."
"He pooh -poohed reports that there was anarchy. Okay. There was anarchy in Russia and said that the Russian people were trying to adopt..."
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