The biggest of the Big Banks is the $ as world reserve currency. Its backing value can be estimated in terms of the risk adjusted net present value implied by the global velocity of USD using the interest rate on the national debt as the time discount. All assets under it are thereby assumed within the “monopoly on force” implied by the bricolage of military powers upholding its monopoly position as the MSDOS of monetary regimes: You think you have a better monetary policy than the FR? Yeah, go ahead and try to compete, you anarcho capitalist you.
If I had the time, which I don’t, among the novel series I would write would be one in which we had an inside look at a Maoist think tank, circa 1926, with expository dialogue something like this:
The Chairman’s countenance hardens to stern resolve. He looks to his chief intelligence officer, asking, “The Great Humiliation began with opium. What is the capitalist’s opium according to Marx?”
“Religion,” replies the CIO confidently.
“AND MARX WAS AN IDIOT!” bellows The Chairman. “We know from our own malignant Water Lords what their opium is: Private capture of civilization’s positive network externalities.”
The CIO, “Of course, Chairman, but you asked…”
The Chairman interrupts, “Then what are you doing about Sun Yat-sen’s movement, threatening our plan to flood the round eye capitalist running dogs with opium?”
The CIO, “We have identified those in his retinue that have been encouraging interest in Henry George.”
The Chairman, “And?..”
The CIO, “We have identified those who oppose them.”
The Chairman, “And?..”
The CIO, “Our agents posing as servants to the advocates of Henry George have been slipping slow acting brain toxins to them. The land rentiers have reigned in Sun Yat-sen’s dangerous legacy.”
The Chairman, “And what of the emerging threat from The United States?”
The CIO, “At first, we saw Jewish immigrant support for Henry George’s mayoral candidacy in New York City as indicating they must be similarly neutralized, lest these dangerous ideas take root in that influential hub. However, in the subsequent decades, as their mercantile gifts have elevated their status, we now see them as the emerging aristocracy of the West. So we are now focused on identifying Jews that might seek to restrain the worst tendencies among the aristocracy. We don’t have sufficient infiltration to slip slow acting toxins to them, and we don’t have sufficient financial power to buy media outlets. What we have instead focused on is gifted and charismatic young immigrant named Alisa Rosenbaum. We are cultivating her to reaction to the Soviets to become a movement. Then all that will be necessary is a similar low-level program of dirty tricks to hobble those in that movement that might seek to interject American pioneer culture notions from Lysander Spooner and Henry George that would treat government as a mutual insurance company with shares distributed to those who defend property rights.”
The Chairman, smiling, “There is no rush… just make sure that movement becomes dominated by raving addicts.”
