The Old Own The Future

The first concrete example is not a pension chart but a riot. A disturbed teenager murders children in Southport, rumors identify him as an immigrant, and men who think they are defending their people attack immigrants and police. The point is not the rumor's truth. The point is that demographic fear is already combustible enough to burn a country. Source trail 0:001:122:34 So good afternoon class. Today we do death by gerontocracy. Gerontocracy just means rule by old people. Last class we discussed the decline of western society and civilization and why it's happening. We discussed the th...he was sentenced to 52 years behind bars so he's gonna spend the rest of his life in prison so justice was done what happens next is that all throughout britain there are riots and protests what happened was that rumors...

Then the map widens: Britain, Australia, France, Italy, Germany, Canada. Immigration rises after Covid, especially from outside Europe, and locals feel culture being diluted, attacked, invaded. At the same time prices rise. Housing becomes the hinge, because in Canada immigration rises while supply stays flat. The Canadian dream of owning a house is basically dead Source trail 7:18 are now unaffordable this is a chart that shows you economic growth as compared to housing prices so as you can see united states um housing prices there's a correlation between income and housing prices this is pretty... .

When a student says maybe the point is to make housing unaffordable so owners and real estate interests make more money, Jiang accepts it immediately. Policy is not controlled by what is best for the nation or the people. It is controlled by those who profit from the process. If supply stays constant and demand rises, the value of existing houses increases artificially Source trail 8:58 Yeah, that's exactly correct, okay? So policy is not being controlled by what's best for the nation and the people. It's controlled by vested interests that will make money off the process, right? So as you say, real es... . Homeowners are happy; young people are locked out.

Canada becomes the demographic laboratory. Immigrants supply most new people, the government keeps increasing the target, Indian students live eight to a room and line up for minimum-wage jobs, and the Indian community gains political power. A student asks the right counter-question: what about local Canadians? The answer is worse. Locals suffer even more because they face job pressure, high prices, and a declining economy while being told the policy must continue. Source trail 10:0111:1412:2413:4314:4515:10 So it's the immigrants who provide most of the new people in Canada. In fact, right now, 25%, a quarter of all Canadians are first -generation immigrants. Sorry, first -generation Canadians, meaning that they're immigra...They want 100 million people, 100 million people in Canada by the year 2100. And guess what? The majority of these people are gonna come from India, and probably China, okay? And as we discussed, the percentage of immig...

Medical Assistance in Dying is presented as the next sign of decline. The old moral line was simple: helping someone kill himself was murder. The new bureaucratic line is stranger: suicide alone is bad, but suicide by government is good Source trail 16:08 Okay. So let's move on to another topic. So Canada, like 10 years ago, introduced a new policy called MAID, called Medical Assistance in Dying, euthanasia. And the idea here is that if you feel life is meaningless, if y... because it is orderly, announced, and professionally facilitated. This is the lecture's first great inversion of moral language.

A student asks whether suicide is euthanasia. Jiang answers with a definition: euthanasia means good death, and here it means doctor-assisted suicide. Then the cost logic appears. Cancer is expensive to treat. Poor people burden the system. Reasons such as losing meaningful activities or daily function become enough to approve death. The moral universe has changed from protecting the vulnerable to asking how much they cost. Source trail 19:2420:1720:2821:4622:5723:0923:50 All right. Why are people killing themselves? So if you see, the number of approval rates have been going way up. It seems as though they have a quota to fill. This is 2019, only 75 % were approved. Now it's 81%. It's a...Do you have a question? So the suicide of Canada is not euthanasia? Is that also a type of euthanasia?

Financialization gives the second major image: the fake economy goes up while the real economy goes down. Rich people with stocks become richer; work, productivity, jobs, and ordinary life deteriorate. The state responds by gaslighting people. It does not say the economy is in trouble. It says the problem is transition, perception, bad glasses. Source trail 24:5125:55 Another sign of decline is growing financialization. We talked about this last class, right? Well, guess what's happening? In the stock markets throughout the world, it's booming, okay? It's booming. If you're a rich pe...Meaning that we live in a fake world. And the government responds by lying to people, okay? People know their lives suck. People know that, basically, the economy is in a recession. That's what the facts say. And what d...

The summary list is deliberately overwhelming: higher property prices, inflation, rising stock valuations, less real growth, euthanasia for the poor, mass immigration, population replacement, lower birth rates, debt, bureaucratic gaslighting, privatization, asset stripping. Many theories could explain this: neoliberalism, technofuturism, world government, population replacement, bureaucratic incompetence. Jiang does not settle there. He wants a simpler diagnostic: ask who benefits. Source trail 26:5628:0729:1330:16 This is U.S. debt. You can see how the debt is just booming, okay? So up until the year 1980, for 200 years of America's existence, there was very little debt. Now, look at this, okay? America right now is $37 trillion...So Canadians don't even own their own resources anymore. So let's summarize what we've learned today, okay? Let's look at the signs of Western decline. You've got higher property prices. This happened throughout the Wes...

The answer is rich pensioners Lens point gerontocracy-extraction Gerontocracy becomes visible when scattered decline trends are tested by "who benefits?" In this lecture, Jiang's answer is not old people as a biological category, but rich pensioners whose property, portfolios, healthcare claims, and political time let them profit from arrangements that burden the young and poor. Source trail 31:10 and there's like millions and millions of different groups in society, and we just analyzed who benefits from all these trends that we discussed, the answer you would get is rich pensioners. These are the people who ben... . They own houses, so rising property prices help. They own stocks, so financialization helps. They need medical access, so clearing poor people from queues helps. They need gardeners, cooks, nurses, and laborers, so mass immigration helps. Lens point gerontocracy-extraction Gerontocracy extracts the future when old wealth uses assets, pensions, healthcare priority, political time, and respect for elders to turn younger life into rent, taxes, care labor, surveillance compliance, and war risk. Source trail 31:10 and there's like millions and millions of different groups in society, and we just analyzed who benefits from all these trends that we discussed, the answer you would get is rich pensioners. These are the people who ben... Inflation, ethnic tension, falling birth rates, and gaslighting may not help directly, but they do not hurt the pensioner class enough to stop the system.

This is not a claim that every old person is rich or every old person is the problem. The target is old wealth. The novelty is historical: never before have there been so many old rich people. They keep accumulating resources, and pension systems were built on assumptions that no longer hold. Retirees were expected to die soon. Markets were expected to rise. Instead, old people keep living and returns fluctuate. Source trail 33:1134:1035:13 We can see how fast they're growing. Okay? Over 60 years old, really growing really fast. There's a problem because if they keep on living, they accumulate more and more resources, which creates a lot more inequality. N...So, for example, in Canada, when they first created the pension system, the retirement age was 65, and they expected people to die when they were 72. So you have five to seven years of a good pension. Okay? Guess what,...

Pension math becomes political rule. Too many retirees, not enough workers, and pension funds losing value mean the young are paying into systems they will not inherit. Then the aging crisis becomes visible in office: Biden, McConnell, Feinstein, Grassley, the Senate as a chamber above retirement age. They refuse to give up power. Source trail 38:22 The guy's, this is a brain freeze. The guy should not be one of the most powerful men in America, but he is. That's the world we live in. Okay? Because he will not give up power. This is Dianne Feinstein. She died in of... That refusal is the bridge from pension finance to gerontocracy.

The age model is simple and savage. Young people are rebellious, creative, open-minded. Mature people want slow movement, growth, consensus. Elderly people are reactionary Source trail 39:22 Now, maybe in school, maybe you've been taught, maybe at home you've been taught that old people are wise. They're tolerant. They're generous. They're benevolent. No, no, no, guys. No. The difference between these three... , safety-first, stubborn. A world ruled by them locks down for viruses, accepts a police state, and calls intrusion help. The police do not have to be cruel for freedom to disappear.

The future list is not subtle: surveillance, digital currency, monitored transactions, microchip implants, immigrants and Chinese students as care labor, prisons because old people fear criminals, and war after war because the old can send the young to die. This is the meaning of death by gerontocracy: not a demographic fact, but a regime that converts young life into elderly safety and glory. Source trail 41:3042:2542:5344:01 And everyone's like, you can't do that because if you do that, your neighbor should report you to the police. But, what you can do is report your child to the police. Tell the police your child is naughty, and they'll c...Digital currency. The idea of digital currency is the idea of financial repression. So they're trying to eliminate cash because with cash, there's freedom. You, you can do whatever you want with cash. You can buy whatev...

The students ask for an exit. Can young people overthrow this? No. Jiang's answer is nothing, because young people are biologically trained to respect elders Lens point gerontocracy-extraction Gerontocracy converts respect for elders into extraction when the young cannot refuse elderly claims without feeling that they are betraying grandparents, family duty, or basic decency. The moral instinct that protects vulnerable elders also protects pension transfers, policy capture, and wars fought by the young. Source trail 45:12 Yeah. That's actually a great question. So what can young people do about this? And the answer is nothing. Okay? And the reason why and this is really important is that young people are biologically ingrained to respect... . What happens when rich pensioners die? Their political force diverts money from schooling, healthcare, everywhere. Lens point gerontocracy-extraction Gerontocracy extracts the future when old wealth uses assets, pensions, healthcare priority, political time, and respect for elders to turn younger life into rent, taxes, care labor, surveillance compliance, and war risk. Source trail 46:12 Okay. All right. That's a good question. Okay? So as you can see from these charts eventually there'll be a pension crisis where there are too many pensioners and not money. Well guess what? The old people are the major... Will they finally die off? Not cleanly, because modern medicine and wealth keep them alive, and when one aging cohort disappears the next becomes the ruling elderly. Unless catastrophe breaks the pattern, old people can control society for a long time.