'Controlled Implosion Of The Economy' And End Of Democracy Explained | Xueqin Jiang

the economy's headed towards disaster.

There's really no way around it. It's

going to crash at some point and

everyone's closing their eyes and

praying it doesn't crash. It's

completely engineered by the tech

companies. When that happens, then the

people cry for a king. A king can unite

them against the arch. And what a king

does is often cancel that. I think over

the next year, you will see these major

signals. You will see a more

strengthened relationship between China

and United States. very fast from 2028,

Trump runs as the vice president for the

Rep Republican party and Obama runs the

vice as vice presidential candidate for

the Democratic party. It doesn't really

matter who's who's at top top of the

ticket because it's really Obama versus

Trump. And in that scenario, Trump wins

easily against Obama.

>> I'm pleased to welcome back the show X

Shu Jing Jang, host of Predictive

History on YouTube and Substack. Check

out his work, YouTube channel link down

below. He's got a great channel and a

lot of interesting information there.

Welcome back to the show, Shu. I'm

excited to talk to you today about uh

China and the US uh the AI bubble in the

in the tech sector and as well the uh

future of uh digital currencies in the

west. So very varied topics today, very

top of mind topics. Welcome back.

>> Thanks a lot, David. Um thanks thanks

for inviting me back.

>> Yeah, for sure. We had a great

conversation about the Middle East last

time. Uh Jen was on and he talked about

uh what he thinks is going to happen

with the uh with not just the Middle

East, but the world. Check out the link

down below for our last interview. And

uh you know, potentially we're looking

at a third world war. Let's pivot from

that today and talk about first China

and the US. As you know, this week Jen

uh President President Trump and

President Xi of China met to discuss um

a new trade deal and some some uh

secessions were made on both sides. On

China's side, they agreed to not uh ban

the export of certain critical minerals

and uh on the US side, they've lowered

tariffs a little bit. Um and

additionally, China agreed to buy again

US soybeans. So, this is a good step

forward. Uh markets in the US uh didn't

respond negatively to this, although

there wasn't a huge surge either. In

your opinion, was this significant

progress or are we just treading on,

you know, the same ground here? Keep in

mind that there was supposed to be a

100% tariff starting November 1st today,

but obviously that's no longer

happening.

>> Yeah. So, I'm very optimistic about this

relationship. So, I think that um

President Trump and President C meeting

for the first time in 78 years. Um it's

it's mark a major turnaround in USChina

relations. I believe that in the next uh

year or two we will see a major

approachment between China and the

United States. And the reason is very

simple. Uh these nations are independent

on each other. Um China needs the US

market and the US needs Chinese to buy

US dollars. Uh it's that simple. Um so I

think for the past 7 8 years there was a

lot of posturing going going around. And

we have to remember in the first Trump

term um the relationship is very

different from the second Trump term. In

the first um Trump term there was a lot

of animosity between the two sides. So,

as you may recall, um, uh, the United

States, uh, kicked out Chinese

journalists and, uh, China retaliated by

kicking out, um, American journalists

from the New York Times, Washington

Western Washington Western Washington

Western Washington Western Washington

Post and Wall Street Journal and they've

never returned. Um, the Chinese have

closed a um, American consulate. Um, the

Americans canled the Peace Corps in in

China. So, there was a lot of animosity

between these two sides and we don't see

that in the second term. So I am very

optimistic um about this relationship uh

improving over the next year. So

remember that um President Trump is

scheduled to visit China

um in April of next year and then

President C will visit United States for

a conference in December. And so I think

that over next year behind the scenes a

lot of major issues will be will be

hashed out and we'll see an improved

status between China and United States.

>> Yes. Uh so why even issue the threat of

a 100% tariff in the first place from

Trump's side that is

>> yeah so we have to remember that Trump

has a unique governing style uh he comes

from reality TV he comes from the world

wrestling entertainment system so he

likes bluster um you know before a big

showdown you know everyone all the

actors make a big talk make huge threats

to draw attention and that's what Trump

did in this in this situation um no one

really thought that Trump would actually

go through with the 100% tariffs. Um, if

you just watch the markets, um, people

were already factoring in the fact that

Trump will tackle, right? Uh, that Trump

would ultimately cave in and so and

that's why we didn't see a surge in

markets after the the meeting because

everyone just um price down um it

already ends. So, yeah, that's what

Trump is known for. He's known for

bluster and he's going to keep on doing

this, right? remember um what Trump's

like like li likes to do is

um play things up before um um I mean

it's basically drama right I mean uh the

one thing that you learn in TV is to

create as much conflict as possible and

then find a resolution and that's what

he did here

>> okay we have to look at what's ahead for

not just the US's economy and um

administration but also what's ahead for

China is about to issue in full their

15th 5-year plan. Um, they've drafted up

recommendations, but as I'm aware right

now, they haven't yet released the

details in full yet. Uh, a blueprint is

being drafted. Recommendations have been

announced. Um, this is this is some of

their recommendations. Now, again, the

full details haven't yet been released.

Um, it's they're meeting end of October,

which I believe is now. Greater sci-fi

tech reliance is one of them. Broader

opening up. According to pro uh commerce

minister Wang Wen Tao ch China will take

the initiative to open more broadly in

the next 5 years focusing on the

services sectors. Efforts will be made

to expand market access. Um this is kind

of uh building modernized industrial

system is another one and um we we this

is this is the information released by

the uh state council of the people's

republic of China so far. Uh, do you

have any more information about this?

And generally speaking, what are you

looking forward to for China's

development in the next 5 years?

>> Look, I I'll be very blunt with you,

David. I don't really pay much attention

to these 5-year plans like these

modernization efforts, focus on AI, uh,

creating, um, you know, a modernized

financial economy. And the reason why is

that China has has always had a problem,

and it's this pro it's a consistent

problem for the past 4,000 years, which

is an inefficient allocation of capital.

Whenever you have state planning going

on, um the capital always goes to those

who are most well connected to the

system. So those who are most um those

who are closest to power and the the

capital doesn't go to those who are the

most energetic, the most innovative, um

those who are going to actually produce

the product. And this this has been

consistent problem in the state planning

system in China for for the past 4,000

years. And so um they talk they talk a

bit big game but the reality is that um

capital has been monopolized by the

powerful and um there really um isn't

that much incentive for Chinese to

innovate. I mean that's just the reality

on the ground in China.

>> There there is a vibrant tech sector

right now in China that some say is even

rivaling the US. I mean how clearly

there there there's been some success in

innovating right? China of course has as

you know for example the world's largest

EV production right now uh world's

largest solar panel production so on and

so forth I'm just naming a few things um

so some would argue that this is kind of

working no

>> well I mean I mean we we can have this

argument back and forth but if you look

at the EV sector um specifically then

what a lot of Chinese economists will

tell you is that there's overprouction

in the system and the reason why is just

government subsidies have been flooding

the system and so China needs to export

these cars because China doesn't have

the domestic capacity to um to to to buy

up these these cars and that's why uh

the Europeans are kind of angry about

the situation because China's dumping

these cars in the European market at

very cheap rates. Uh it's very it's it's

debatable whether or not even China

makes money off of these cars and it's

destroying the European car sector. So,

so that's why people are kind of angry

at China right now. Um, but but again, I

think the problem is that you have over

capacity, you have uh poor planning uh

which produces um excess capacity.

>> There's these pictures of Xi Jinping

shaking hands with Trump now apparently

they're best friends or something like

that. The bigger question right now is

uh Jen, what is she's ultimate ambition

and what does Trump want for himself and

for America? ultimately do these

objectives or ambitions clash or can

they work together in the next few

years?

>> Right? So um in in geopolitics I think a

general rule that always applies is that

the conflict within nation states is

always greater more intense than the

conflict between nation states. So what

I mean by that is that both President C

and President Trump are looking to

consolidate their domestic power bases

and they do that by ensuring that those

who are loyal to them are inserted into

positions of power and so that's what

both are doing and they're both using uh

the these ch US China trade talks.

They're both using the geopolitical

landscape in order to uh achieve this

goal. So for President C um it's very

simple. He wants to continue to

consolidate his power base within China

and he wants a more um stable

relationship with the United States.

Those are those are his two major policy

goals for the next two four two to four

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operations. But is it true though that

China has ambitions to become a a global

superpower both economically and

militarily? And if so, does that mean

that there's going to be collision

between the Chinese and the US?

>> Yeah. So, at the beginning of President

C's term, he introduced a concept called

the China dream. And it's a very

ambiguous, very nebulous concept. And

people have been debating back and forth

what this concept means. Uh, Western

commentators believe that the China

dream is for China to rise in the world

stage and take a more assertive role um

to basically um shape the world

according to China's needs and

ambitions. I disagree with this

assessment. I think the China dream

really is about maintaining national

sovereignty about maintaining ter

territorial integrity. This means um

ensuring that China that sorry this

means ensuring that Taiwan does not

declare independence. That's a very

important part of the China dream. But I

think primarily China is concerned about

its own domestic issues and maintaining

um its uh national sovereignty and that

in and that includes um negotiating with

America and other great powers on a

peer-to-peer basis. That's what the

China means.

>> Do you think that China in the opening

up phase if it opens up even more could

risk uh destabilizing itself? In other

words, uh the government may risk some

sort of revolution whereby people demand

a democracy.

>> Um that's not likely in China. Um the I

mean democracy is a foreign concept in

China. There isn't really much of an

appetite for democracy. What people in

China want is um stability. They want um

some prosperity, but but they're willing

to, you know, the Chinese term is chool,

eat bitter. Um, so they don't have to

live they don't have to have the have

the American lifestyle of like, you

know, air conditioning, two SUVs, their

own house, but they they want uh life to

be stable, harmonious, and that's really

the the ch the Chinese dream. So, China

doesn't really want that much. Um, yeah.

>> Okay, let's talk about what's happening

with the US then, and uh the future of

the US. This is an interesting article

from uh NPR. Hundreds of scholars say

the US is swiftly heading towards

authoritarianism. A survey of more than

500 political scientists find that the

vast majority think the United States is

moving swiftly from liberal democracy

towards some sort of authoritarianism.

In the benchmark survey known as Bright

Line Watch, a US-based professor uh

US-based professors rate the performance

of American democracy on a scale from

zero complete dictatorship to 100, which

is perfect democracy. I'm not even sure

what a perfect democracy means, but

okay. After President Trump's election

in November, scholars gave American

democracy rating of 67. Uh several weeks

into Trump's second term, that figure

plummeted to 55. Okay. Um I I I haven't

seen the details of this particular

survey, it could just be partisan, but

if you just to look at things

objectively, is there any truth to some

of the sentiment here?

>> Well, I mean, again, if you look at the

um first Trump term, you compare it to

the second Trump term, it's night and

day. Remember in the first Trump term

there was vocal disscent uh in the

streets there were violent they weren't

violent protests but there were lots of

protests against the Trump presidency.

Um the the media attack Trump every day.

Remember uh back in the first uh Trump

term, there's something called the

Russia gate, right? Uh Robert Mueller, a

former FBI director, a conduct

investigation to see whether or not

Trump was an was a Russian agent. Um and

even within Trump's cabinet, there was

vocal disscent. Remember Mark Millie,

the um former chairman of the Joint

Chiefs of Staff um basically said that

he told the Chinese, he called the

Chinese and said, "Don't worry about

this guy. We know he is a bit

unpredictable, but uh we're we have

control here. We're like everything's

under our control, right? So Trump

really didn't really have that much

power and he was always on the

defensive. Um the Democrats impeach him

twice. Um you know, after Trump um lost

the midterms, the Democrats immediately

started impeaching proceedings. So um

Trump was really on the defensive in the

first term. On the second term, it's a

complete opposite. Trump very much is on

the offensive. um these ICE rates um

it's really debatable what these ICE

rates are about right because you just

look at deport deportation numbers the

absolute number of deportation under

Trump is still lower than that under

Obama so um what's ICE for and some

people speculated that ICE is meant to

be um a imionic secret police they're

testing out the possibility of a secret

police now you also have have you know

the National Guard being deployed to

Democratic strongholds like Portland and

Chicago and there's talk of next year,

Trump deploying the National Guard to

all all states and now there's talk of

um war against Venezuela in the Middle

East uh possibly Ukraine and so and so

that gives Trump emergency war powers.

Uh Trump has has discussed the

possibility of invoking the insurrection

act. Uh Trump has played around the idea

of running for a third term. I don't

know how he'll do that, but I believe

that given everything that we've seen so

far, I think he has the intention of

possibly running for a third term. So,

um, we're seeing a rapid decline

democracy in America. I think it's very

hard to, uh, to miss. What's really

depressing to see though is the lack of

opposition. So, the Democratic party has

not been able to sustain, um, opposition

against Trump and we, we can see that

from the government shutdown. The like,

has anyone noticed that the the

government has shut down? Um, do people

realize that there are there will be

millions of millions Americans who will

not receive food stamps and they will

starve and there will be possibly riots.

um you know given the possibility of

civil unrest and possibly civil war, you

would think the Democrats would want to

quickly come to an agreement with the

Trump administration, but not they're

not doing that. They're just like

sitting back and wait and waiting for

the chaos to erupt so that can win the

midterms in um November, but next sorry

next November. But who says there will

be midterms next November? So um there's

really a lack of strategic foresight

from the Democrats. They're very passive

and because there's no effective

opposition, Trump can basically do

whatever he wants. Okay. Uh but

obviously the American people or the

people in the west would not accept an

authoritarian authoritarian uh

dictatorship or even a monarchy if the

opportunity presented itself, right? If

people voted, hey, you have here uh a

republic or you could choose between a

monarchy or some sort of dictatorship. I

mean,

I don't What do you think is going to

happen? Well, look, look, I mean, you

can make the legitimate argument that

the choice isn't between monarchy and

democracy. The choice is between

monarchy and olararchy. You can make the

argument that America has not been has

democracy for a long time. Ever since

2008, financial crisis when Obama bailed

out the oligarchs and screwed over the

people. Um, and you had co which even

further economic inequalities. Um and so

you can make the argument that for the

past 101 15 years America has

transitioned into a full scale arch and

you just you can just look at what

what's happening in the American economy

where and the only thing that's that's

up is the stock market and and only only

about like you know 1% or the top 10% or

90% of American stocks. So the system is

geared specifically towards the top 10%.

Member has become an argu if you look at

historically when that happens then the

people cry for a king. Why? Because

first of all a king can unite them

against the oligarchy and what a king

does is often cancel debt right um the

king his first act is often a jubilee

where he cancels the debts of the people

and the other thing that he will do is

redistribute wealth primarily land in a

way that uh furthers the interests of of

the people. So, if you're an American

citizen, okay, if you're just an average

American citizen, you're heavily in

debt, you know, you have a mortgage, you

have credit card um debt, you're facing

delinquency, your economic prospects

aren't that great, would you prefer the

system to stay as it is, or would you

prefer a king? Um, I would say most

people would choose a king. So, so, so I

I'll make you So, so so, so it's

possible that in 2028, it's very

possible in 2028, Trump runs as the vice

president for the Rep Republican party

and Obama runs the vice as vice

presidential candidate for the

Democratic party. It doesn't really

matter who's who's at top top of the

ticket because it's really Obama versus

Trump. And in that scenario, Trump wins

easily against Obama.

>> Interesting. Well, you've called Trump's

win. So, let's see what happens again in

2028. uh that that I don't is that is

that legal though for a for a for a

president to have run two terms to run

third time as a vice president? I I have

to look into that. Comment below if you

know what the legalities of that. Yeah.

>> Look, the famous thing is that it's

wrong. It's immoral.

>> It's unconventional, but it's not

>> illegal. Okay. I mean, so the the US the

US political system is built on

consensus, on norms, on certain values

that people share together. So you have

someone like like Trump come in. and he

actually doesn't share any of these

values. There's very little the

political system can do against this

this sort of person.

>> Let's talk about stocks. Now, you

mentioned the stock market. So, yes,

stocks are at all-time highs and

especially tech stocks that are leading

the charge. Tech is accounting for most

of the gains. Tech is accounting for

most of the capex spending in uh the S&P

500. And just today I learned from

another economist I was speaking to that

without data centers GDP growth in uh

the first quarter was only about 0.1%.

If you take that out

>> so tell us about your views on uh tech

and AI and the markets.

>> Look look I'm not an industry so I I

don't even know what I read in the news

but what the news tells me is number one

you have certain AI companies that are

financing each other. So, um, it's it's

essentially a bubble that they have to

all prop up in order to survive. Number

two is that people have not figured out

how to make money off AI yet. You know,

Samwin recently came out and said that

uh um, you know, open AI was will allow

sexing, right? That's that's a sign of

desperation. It it just it's just

telling people that uh, Chachi BBT they

haven't really been able to monetize it

properly. In fact, what what I've heard

um what I've read is that for every new

subscriber, CHATP loses money. Um it

it's just a money losing proposition.

Okay, that's number two. They haven't

figured out how to make money. Now,

third thing, and you point this out, is

the extra cost of these data centers. Uh

they're extremely expensive to run and

they suck up all communities uh fresh

water and electricity resources.

Americans are seeing their electricity

cost skyrocket. Why? because of because

these data centers are uh so expensive

to uh to run. And so you have this weird

situation where the entire economy is

just basically the AI bubble and these

corporations um are using government

subsidies in order to build these data

centers in order to exploit the water

and electricity resources of a community

and then passing on to consumer and they

still don't know how to make money off

this thing. So um I mean I mean the

economy's headed towards disaster.

There's really no um way around it. And

so the question then is can the

Americans manage an implode sorry can

the Americans manage a controlled

implosion of the economy and that's why

I think we're seeing a lot of talks of

civil war of social unrest because if

there's social unrest then you it's

possible for you to do a controlled

implosion economy otherwise everything

just blows up in your face. You know,

there's this um um journalist uh Andrew

Sorcin who's going around who's going

around talking about 1929. You know,

he's getting a lot of coverage and he's

saying, "Look, we're heading towards

another stock market crash." And this

sounds like predictive programming to

me. It's preparing people for the

possibility of a major financial

implosion within the United States. And

this financial implosion is something

that that they want to manage in order

to reduce the um repercussions and

consequences. So you think this whole

bubble is somewhat engineered by the

tech companies or I don't know what

what's what's causing

>> Yeah, it's completely engineered by the

tech companies, right? So if you if you

look at um the financing, it's these

companies lending money to each other.

It's like I give you a billion dollars

for a puppy and then you give me the and

then I buy and then you and then um you

give me a billion dollars for my I don't

know

It's circular financing. You're right.

It's it's it's it's companies investing

in each other um taking stakes in each

other and becoming bigger as as either

monopolies or like you said earlier all

the goalies. But isn't that good for for

investors at least in the short term? I

mean we're we're we're everybody they're

lifting the entire

the the high tide is lifting all boats

here, right? They're lifting the entire

market.

>> Look the reality is that America and

China are moving toward the same model

which is state planning, right? state

financing and again the issue that you

have is an inefficient allocation of

capital. The money should be going to

small-time entrepreneurs to you know

build restaurants to build businesses

that employ people. Uh the reality is

that AI uh the irony is that the more

successful AI is, the more the economy

loses jobs, right? So Amazon has

announced it's going to lay off like

30,000 workers. And this is just just

the like, you know, tip tip tip of the

spear, you know, like like if AI really

works, then you ideally uh you would um

um reduce employment by like millions

and millions of people. So that's the

paradox that America is um finding

itself in. If AI doesn't work, the

economy uh implodes. But if AI does

work, then everyone loses um his or her

job. That's kind of ridiculous situation

to be in.

>> So is there what would trigger this pop

in the bubble?

>> Well, I mean again, it's engineered,

right? So it's a controlled implosion.

So basically, it's basically these

companies getting together with the

banks and saying, you know what, uh

let's cash out now. Okay? And that's

what we saw in the 2008 um uh financial

crisis, right? Because remember it was

an engineered collapse because everyone

knew that uh the system was

unsustainable. Uh these banks were

heavily in debt because of CDOS's and

all that. But but what really started

the crisis was the fact that you had

these big hedge fund managers um taking

out uh bets against uh these cos. So

basically an engineer collapse. Goldman

Sachs were make was making a lot of

money off uh cos but what they realized

is they can make even more money betting

against their own cos and that's what

happened. I mean Goldman Sachs got

ridiculously wealthy off the collapse

and that's something that people don't

really discuss even though it was

Goldman Sachs who created the crisis and

it was Goldman uh Sachs who created the

collapse. Right now, the markets are not

signaling any sort of economic problems,

right? Um, everything's going to

all-time highs and there doesn't seem to

be a lot of volatility. Doesn't seem to

be a lot of fear in the markets. Do you

think that sentiment is an accurate

reflection?

>> Um, well, I mean, everyone has their

head in the sand because if you are an

institutional investor, right, if you're

a pension fund, if if if you're like,

you know, Black Rockck, Vanguard, like

like what can you do about this

situation, right? I mean it's it it's

just like pray and um hope nothing uh

happens. Um so you know this reminds me

of a joke where you know this car is

spiraling down a mountain at you know

100 miles per hour and the pass the guy

in the passenger seat is like has closed

his eyes and they land safely and then

the passenger says to driver how are you

able to stay calm all this time and the

driver says well I have my eyes closed

as well. Okay. And that's the situation

we we are in. The entire stock market,

the entire economy, the entire financial

sector, it's this car spiraling down a

mountain 100 miles per hour. It's going

to crash at some point and everyone's

closing their eyes and praying it

doesn't crash.

>> The other development is the

introduction of um the Genius Act over

the summer. So, stable coins will be

backed by US treasuries is what the act

states and uh this may be a precursor to

uh state issuance of stable coins. Um

and more broadly there's a large

movement right now to tokenize a lot of

real world assets and securities not

just by the state level but also by

large institutions. Black Rockck for

example. So tell us about uh the digit

digitization

of financial assets and whether or not

that's going to change your assessment

here.

>> Yeah. So um I think digital currency

tokenization it's all just a fancy

workar around the idea of financial

repression. Right. So when you have an

economy in this sort of situation where

a lot of people are in debt, where the

market is overheated, you need to

control financial transactions and the

way you do that is by creating a lot of

friction within the um um within these

thesections. This is something that

China has been doing for the past 2 to

four years. And listen, it's been

remarkably successful. Um and and so as

long as you have financial repression,

as long as people can't ever, you know,

do a run on the banks, that that's a

metaphor, but they they don't do a run

on on the banks anymore. But if they

can't do a run on the banks, then the

system is still stable and the system

can still chuck along even though it's

basically semicomaos.

Um so that's the idea of digital

currency. The problem though is how do

you get people to agree to digital

currency to trade like to stop using

cash? You can do that in China because

of co right because the co crisis

created this implosion of the financial

economy and it forced people to stay at

homes and it forced people to use um

software as a means of u daily

transactions. So the most common thing

was just to um get delivery people to

mail groceries and um goods to your

house and so that's what start the

introduction of digital currency. So

America needs to manufacture a crisis in

order to fully introduce digital

currency. Are you bullish then on

currencies, digital currencies, cryptos,

all cryptos, or just certain ones?

>> Well, I mean, listen, I'm not wealthy,

so if I had a choice, I put all my

resource into the US dollar because if

the economy gets worse, if there's wars

that break out, um, I still think the US

dollar gives me mobility, uh, gives me

flexibility. Um, all the currencies are

based on the dollar. Okay? I mean, it

doesn't make sense for me to buy gold or

Bitcoin because I'm not an institutional

investor. I'm not a long-term investor.

Um, and I don't have that much wealth,

but

>> this is an interesting topic that I want

to ask you about. Uh, the the

tokenization of the fiat dollars,

meaning putting it on a stable coin.

Would your life change? Would your life

be better if let's say the dollars that

you have are put in the blockchain. And

let's say, suppose you don't have a bank

account because you no longer need a

bank account. Everything you have is in

stable coins. You just put it in a cold

wallet or a hot wallet. you self-

custody your own money and uh you're

able to send money and receive money

from anywhere in the world without

friction instantaneously.

Would that would that be a future you

like?

>> Yeah, that's a great point. And listen

listen, I have to say this. I live in

China. I've been living in China for a

long time. The introduction of digital

currency has made my life so much more

convenient, right? Because now um every

transaction is seamless. I go to

restaurants, I use my app to pick the

the the items I want on the menu and

then I pay with my app. It's so easy and

it's so safe because I I'm never afraid

of losing cash. You know, um you know,

thieves are out of a job in in China.

The problem though is what the

government could do with this power,

right? Because it's very feasible that,

you know, he says something stupid

online and I have a tendency to do that

and the government says, "You know what?

We're going to teach you a lesson. So,

we're going to freeze this account for

for the next week, right? they can do

that with pro with with programmable

digital currency. So I'm lucky in that

that hasn't happened to me but you know

there are people who who who face this

issue in in China and so

>> everywhere in the world happening in

Canada

>> possibly everywhere in the world

possibly everywhere in the world right

so that's that's a that so with digital

currency you're giving basically all

your power to government because you've

um eliminated anominity from the economy

okay that's that's that's a concern with

with digital currency so yeah it makes

your life more convenient but it gives

the government so much power over you as

the individual. Also, remember digital

currency can be controlled. So, the

government can actually track all your

behavior and limit the way you spend

your money. Um, I mean that sounds great

because listen, that means you can't

gamble. That means you can't buy

alcohol. That means you cannot buy

cigarettes. It's aligned with government

policy and you know the entire purpose

is to make you a more healthy uh person.

But at the end of the day, that destroys

the social contract, right? That

destroys all your individual agency.

that destroys the entire idea of um

individuality. So, is that a future we

want?

>> Yeah, I guess good point. So, uh all

right. Uh it seems like we've got uh a

lot of problems to ponder. Shoo. Uh but

uh let's end on this note. Anything that

you're looking forward to in terms of

the development of not just our economy

but society uh that will greatly improve

our standard of living if there is such

a thing? Yeah, listen, I think that this

USChina relationship is key because um

you know, China has all this excess

cheap labor labor that it needs to um

export and remember before um the trade

war that started that Trump started in

his first term um Chinese goods flowing

to United States allowed Americans a

higher standard of living. Um and so now

that you remove um Chinese goods or mo

most Chinese goods then inflation has

gone up. So the situation is that China

is facing deflation, America's facing

inflation. So I think that if US China

relations weren't improve and China was

able to export um this deflation o uh

overseas then people's standard of

living would improve drastically and so

that's something I'm looking forward to.

I think over the next year you will see

these major signals that the US China is

uh reaching a reproachment and it's

entirely possible that you will see a

more strengthened relationship between

China and United States. Listen, at the

end of the day, China and states are

status quo powers. They want things to

stay the same. Russia, Iran, North

Korea, Venezuela, these are these are

revisionist powers. They want things to

change. And so um the United States and

China benefit from working from working

with each other as opposed to funding

each other. And I think that's something

that both nations have come come to an

inclus have come to understand after

many years of fighting. So I'm looking

forward to that.

>> Okay. Good. All right. Thank you very

much. Well, we're looking forward to

following you. Where can we follow your

work?

>> Yeah. So, um, if you're interested in my

geopolitical analysis, I write on

Substack. So, it's predictive history

Substack. Okay. It's I'm pretty easy to

find. I'm pretty easy to find if you are

on Substack. Um, I also have a Twitter

account. umang

um and then I also have a YouTube

channel channel channel as you as you

mentioned um so but if you really want

to um know more about my job analysis

then the best place is substack

>> okay good we'll put the links to

Substack and YouTube down below you've

written a bunch of interesting stuff so

please check it out thank you very much

for coming on the show once again Jen

appreciate it

>> okay well thanks for for having me it's

it's been a great conversation

>> thank you for watching don't forget to

like subscribe follow Jen down below.