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Home » Game Theory #17: The Great Reset w/ Professor Jiang (Transcript)

Game Theory #17: The Great Reset w/ Professor Jiang (Transcript)

Editor’s Notes: In this lecture, Professor Jiang of Predictive History explores the provocative theory that global financial collapses, including a potential upcoming US economic crisis, are not natural occurrences but are instead carefully engineered by “game masters” in transnational finance. The presentation delves into the historical origins of this system, tracing it back to the 1688 Glorious Revolution and the creation of the Bank of England, which established a model where profits are prioritized and losses are socialized. By examining the 2008 financial crisis and the rise of the Chinese banking system, the speaker argues that capital is currently being orchestrated to shift away from the United States. Ultimately, Professor Jiang suggests that this transition may lead to the engineering of a new economic center, with Israel potentially becoming the next major hub for global trade and investment. (March 31, 2026) 

TRANSCRIPT:

Introduction: How Financial Collapses Are Engineered

PROFESSOR JIANG: Today, I want to look at how the global economy will collapse, specifically how the US economy will collapse because of this war. Now the argument I want to make to you today is that financial collapses do not happen accidentally or naturally. They have to be engineered. And this is a very hard concept for us to understand.

So in economics, there’s something called the boom bust cycle, which basically states that in capitalism, you have the economy booming, then suddenly, for whatever reason, it collapses. It’s called a boom bust cycle. And the idea is that if you study economics, they teach you that this is just a natural part of capitalism because in good times, people spend too much money. They become overconfident.

And so then they waste a lot of money, and then it collapses. The economy churns bad, and so you have to focus on being more lean and efficient and resilient. So think of, you know, gaining weight. You gain too much weight, and then you feel bad, so then you lose weight. And that’s the idea of the boom bust cycle.

The problem though is that no one can explain properly how and why suddenly the bubble pops. What is the mechanism or trigger for the collapse? If you study economics, you will never ever know the answer.

A Speculative Exploration

So we are going to focus on speculation today. Again, the Internet will knows this, but I’ve never studied economics. I don’t know much about economics, but I’m curious as to why this happens. Why is it that bubbles pop? How do economies rise and fall?

So I’m not an expert. I’m not even a professor. Yes, I understand. But what I do is I engage in speculation for fun, for entertainment. So just see this as a fun class where we’re going to explore some fun topics that have no scholarly basis. So just keep this in mind, guys.

The Boom Bust Cycle: Andrew Ross Sorkin’s Explanation

So let’s look at very quickly the main explanation for why booms and busts happen. And this is from Andrew Ross Sorkin, who is probably the most influential financial journalist in America. And he wrote a book called 1929, which looks at the stock market collapse of 1929, and he offers a very good explanation as to why it happened.

So, Emma, could you read for me, please?

EMMA: Of course.

“Lengthy uninterrupted booms like the one in the 1920s produce a collective delusion. Optimism becomes a drug or a religion or some combination of both. People lose their ability to calculate risk and distinguish between good ideas and bad ones.”

PROFESSOR JIANG: So again, this is a set explanation for why there’s a bubble burst — because it’s delusional, and then it’s like you fly too high. But you’re not supposed to fly, so then you fall down to the ground eventually. It’s just gravity. The idea of gravity.

But what I want to show you today is there’s actually another explanation, which is that this is all being engineered. There are people behind the scenes who have the power to cause economies to rise and to fall.

How Banks Create Money

So let me give you an example of this. Let’s just say you’re a bank. Your job is to take that money, save it, and then use it properly in order to promote the economy.

So let’s just say we put a million dollars into a bank. What does the bank do with it? The bank then lends it out to entrepreneurs. Maybe I want to start a restaurant, and that’s why I borrowed a million dollars from the bank.

Now, question. How much money is the bank now? It’s going to be zero. Right? If I take in a million dollars and I lend out a million dollars, I should have zero — that’s just basic math. But that’s not the answer. The actual answer is two million dollars.

And what you need to understand is that each bank has the ability to print its own money. The bank is a mechanism for liquidity in the economy. And this is a great illusion — a delusion behind the economy where money is just an idea. It’s a concept. It’s a collective hallucination.

The Central Bank and the Interest Rate Mechanism

Now the problem is there are thousands, tens of thousands of banks everywhere. So how do they know how to coordinate together? And this is something else you need to understand about the system. There’s actually something called a signaling mechanism. So all these banks are separate, but they are linked together into something called a central bank. And what does the central bank do? The central bank signals whether or not to lend money or not to lend money. And this mechanism is called the interest rate.

Now, again, if you study economics, what they will teach you is that depending on the interest rate — if it’s low, maybe one percent, or high at five percent — that would determine how consumers behave.