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A transcript-matched topic anchored by excerpts such as "...can make as much money as possible, just like the 2008 financial crisis, okay?"
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A transcript-matched topic anchored by excerpts such as "...can make as much money as possible, just like the 2008 financial crisis, okay?"
Jiang argues that modern finance is an interlocked transnational system in which London, New York, Paris, Hong Kong, and Dubai are tied together so tightly that a failure in one major bank can threaten the whole structure.
Jiang says the 2008-2009 Great Financial Crisis marked a turning point in American history and arguably in Western history as well.
Jiang argues that America has effectively been an oligarchy since the 2008 financial crisis, when Obama bailed out oligarchs, and that COVID deepened the inequality structure.
Jiang describes the 2008 financial crisis as an engineered collapse in which major actors knew the system was unsustainable and hedge funds plus banks profited by betting against CDOs.
Jiang says Goldman Sachs both helped create the CDO-driven crisis and became richer by betting against the products it had been selling.
"...all too big to fail so going back to the 2008 financial crisis you can see how all these banks were interlocked together so..."
"...And you could argue Western history as well. So the 2008 financial crisis was a culmination of very troubling trends ever started ever since..."
"And 2008, 2009 marked a turning point. And basically the Democratic Party has now been co -opted by the financial elite. And this is..."
"...been has not democracy for a long time, ever since 2008 financial crisis. When Obama bailed out the oligarchs and screwed over the people,..."
"...out now. Okay. And that's what we saw in the 2008 financial crisis, right? Because remember, it was an engineered collapse. Right. Because everyone..."
"...can make as much money as possible, just like the 2008 financial crisis, okay?"
"...fight these wars? For no reason. Then you had the 2008 financial crisis where the banks basically stole from the nation, stole from the..."
Jiang's through-line is that American decline will not end in a peaceful handoff to China or Russia.
Jiang's argument begins with a simple civilizational scorecard: energy, openness, and cohesion.
The interview starts with an optimistic claim about a China-US reset, then widens into a harsher model of late-order politics: China and America still need each other, but both systems are drifting toward state...
A June 2024 lecture arguing that the next American civil war will not repeat 1861.
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