prediction
Jiang claims the U.S. and global economy will collapse because financial collapse must be engineered, not because boom-bust cycles naturally self-correct.
Topic brief
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Boom Bust Cycle
The standard economics explanation says bubbles pop because collective optimism becomes delusion, like gravity pulling down what flew too high.
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Key Notes
model
The standard economics explanation says bubbles pop because collective optimism becomes delusion, like gravity pulling down what flew too high.
model
Debt, inequality, poverty, war, depression, and artificial boom-bust cycles create anxiety that forces people to refocus their energy on work and wealth creation.
Timestamped Evidence
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"today i want to look at how the global economy will collapse specifically how the u.s economy will collapse because of this war now..."
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"and resilient so think of you know gaining weight okay you gain too much weight and then you feel bad so then you lose..."
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"All right, so just keep this in mind, guys. All right, so let's look at, very quickly, the main explanation for why booms and..."
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"Lengthy, uninterrupted booms, like the one in the 1920s, produce a collective delusion. Optimism becomes a drug or a religion or some combination of..."
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"Okay, so again, this is a science book. It's a set explanation for why there's a bubble burst, because it's delusional, and then it's..."
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"will show you, the great innovation of the past hundred years is to convince people that money is God. Money is both nothing and..."
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"That's the first tool. Second is the idea of inequality and poverty, where a certain class of people are poor, and they'll always be..."
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"...is by constantly engaging in wars and by having the boom bust cycle that you might learn in an economics class right so in..."
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