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A transcript-matched topic anchored by excerpts such as "So the debt, their natural dollars will continue to increase. And then the world's going to think you can't actually pay this off. Right?..."
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A transcript-matched topic anchored by excerpts such as "So the debt, their natural dollars will continue to increase. And then the world's going to think you can't actually pay this off. Right?..."
Jiang explains default through a domestic-finance chain in which the Federal Reserve is the biggest Treasury buyer, the Fed's money comes through private banks, and those banks in turn sit on ordinary Americans' deposits.
"So the debt, their natural dollars will continue to increase. And then the world's going to think you can't actually pay this off. Right?..."
"...trillion. Okay. Where does this money come from? It comes from private banks. Okay. And who puts their money in the banks? The people..."
"...show you how all right in America, in the world. They're private banks. They're run by private people who put all their money in..."
"...Federal Reserve, it's at the heart. It's just a cartel of private banks in America, okay? Do you understand? Now the U.S. government can..."
"...5%, okay? Because in order to get the Federal Reserve, these private banks, to lend you the money, you have to give them an..."
"England okay so this is a private bank that is not accountable to the public what it does is this it prints money and..."
"...engage in risky lending. But if you're an investment bank, a private bank, you can engage in risky lending."
"...basically light blue. But then, because this industry was so profitable, private banks started to come in and issue their own loans."
"...you can see, it's generating a lot of money for these private banks. And then, suddenly, in 2008, there's this massive default. It collapses...."
"...something called the private equity bubble, private credit bubble, okay, where private banks lend money to private companies. And people say it's $200. And..."
"And so they set up the Bank of England as a private bank that would serve British monarchical interests. So, so previously before, if..."
"...makes a Bank of England special is that it is a private bank that is guaranteed by Parliament. Okay, it doesn't make sense, guys...."
Jiang treats the Xi–Trump visit as a strategic theater.
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