SHNEAKO - March 08, 2026


Clavicular Crashes SNEAKO & Professor Jiang's Study Session!


Episode Stats


Length

1 hour and 11 minutes

Words per minute

150.89702

Word count

10,825

Sentence count

383

Harmful content

Misogyny

22

sentences flagged

Toxicity

69

sentences flagged

Hate speech

76

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

In this episode, we talk about the role of the World Bank and its role in the global economic system. We also discuss the British Empire and the role it played in the development of the modern world. We also talk about how the British empire was able to maintain a global empire for over a century.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 The World Bank, the job is to give you loans.
00:00:03.600 Okay, so let's say you are China and you are poor, right? 1.00
00:00:06.520 And you need to build dams.
00:00:07.720 Well, the World Bank gives you money.
00:00:09.740 And when it gives you money, what it does is it allows you to start playing this game, okay?
00:00:14.300 It allows you to participate in this game.
00:00:16.220 Now, what always happens is eventually the countries borrow so much money,
00:00:22.480 they have to go into debt and they can't pay off the money, right?
00:00:24.600 So then what happens is the IMF comes in and changes your government and its economic policies to make it conform more to the game.
00:00:34.300 Does that make sense?
00:00:35.500 And its main mechanism is called privatization.
00:00:38.600 So what the IMF says is, okay, well, you're inefficient.
00:00:41.860 You can't pay off the debt because you're inefficient.
00:00:43.360 You're inefficient because the public should not be in control of infrastructure.
00:00:47.760 The public should not be in control of water.
00:00:49.560 Private companies should be in charge of the water and electricity and the land.
00:00:53.040 okay so uh the goal of the world bank imf is to spread the game throughout the world right
00:00:59.060 this helps you really understand regime change throughout the world and if america is a colony
00:01:04.820 of israel and go into different countries and put different leaders in charge it really is to force 0.54
00:01:10.700 them into playing this game which is paced off like eventually like if the american empire crashes
00:01:16.100 the entire world economic system crashes all the stock market everything implodes and then
00:01:23.020 your money and everything you've been spending your life for is completely worthless wait so
00:01:27.220 the harem is only four right sneko well you have to get married to them it's not just uh a harem
00:01:32.400 but is it four it is four though right well i think it's like 99 percent of muslims have one
00:01:36.540 wife or monogamous no no but is it is that like the number four of her harem well that's the 1.00
00:01:42.300 maximum amount you can have yeah the maximum good i'll fucking throw this bitch off the balcony so 1.00
00:01:47.680 quick all right i'll i'll make you bitches in there all right you guys have fun have fun tonight 1.00
00:01:53.440 okay do you think that call was like a good example of uh bad temptations trying to uh to 0.98
00:01:57.840 bring me in oh stop learning don't do this don't stop trying to learn more so hey come back come
00:02:03.360 back to the come back to the dark class so last class we discussed the british empire
00:02:09.600 and how it ultimately triumphed over its main rivals who were the French, the Spanish, and the Dutch
00:02:18.960 because of three major...
00:02:22.600 You seriously underperformed with that IDF guy. Need to get points in line and cleaned up.
00:02:28.080 Where? At what point? We didn't see this yet. Cool.
00:02:31.020 Powers, okay? The first is the Bank of England.
00:02:36.120 what made the bank of england so important is that it could absorb foreign capital
00:02:47.780 okay from all around the world so at first it absorbed capital from the dutch republic
00:02:53.480 so this is america's game game theory seven ahead of the jang collab first one in a month
00:03:01.520 that is tomorrow but then if you were a french aristocrat if you have a catholic church if you
00:03:07.140 have a habsburg you could all move your capital to england where it would be safe because it would
00:03:12.360 be protected by the law okay that your property rights um and when britain became an empire this
00:03:18.580 was important because uh local elites in china in india in southeast asia would help the buddhish
00:03:26.160 because they were incentivized to do so they could help the british steal from these places and then
00:03:31.860 move capital their wealth to england or uh one of the british colonies for safekeeping okay so that's
00:03:39.180 the source of english power second is the idea of soft power right so we are in school learning
00:03:44.980 english because we want to go and study in the west that's soft power right so shakespeare the
00:03:52.560 BBC, Oxbridge are all components of British soft power, which still rules the world today.
00:04:00.800 And the third, of course, is the British Navy, which controls sea lanes and therefore controls
00:04:07.380 all trade.
00:04:09.620 So for the longest time, for 100 years, Britain was able to maintain a global empire, which
00:04:16.700 really was the first global empire because it spanned the entire world.
00:04:21.600 But there were three problems, or three limitations
00:04:24.680 to the British Empire, okay?
00:04:27.340 So the first major limitation, limitations.
00:04:35.260 The first major limitation is that Britain had an ethnicity.
00:04:40.260 It had a race.
00:04:41.900 It was the white people, the Anglo-Saxons. 0.97
00:04:44.680 And so even though Britain was ruling over Vasco Empire,
00:04:48.680 ruling over Vasco empire it was very much racist it saw itself as superior to
00:04:54.440 everyone else and that limited its capacity to work with local elites okay
00:04:59.040 so in other words eventually India rebelled to establish its independence
00:05:03.560 and eventually Britain lost its overseas overseas empire a classic example of
00:05:08.480 course is 2016 Brexit when English people decided that we don't want it to
00:05:13.220 be part of Europe okay and so even though Britain is an empire its people
00:05:20.360 are very provincial okay they see themselves as better and they see
00:05:25.580 themselves as separate from everyone else I've met English people who told me
00:05:29.120 like English people cannot learn a foreign language English speak people 0.61
00:05:34.220 speak English very well and that's it they can't learn French they can't learn 1.00
00:05:37.280 Spanish they refuse to learn Chinese and they told me it's because their brains 1.00
00:05:40.460 are different okay their brains are hardwired to speak english really well and that's it
00:05:46.460 all right so that's just the british attitude um second problem is the idea of currency
00:05:53.260 or wealth standard the idea here is that okay yes you're you're stealing wealth from other places
00:06:03.420 but what is wealth okay and for the longest time people understood wealth as gold the problem with
00:06:09.020 this is that there's a limitation or there's a limit to the amount of gold in the world and
00:06:13.980 therefore there's a limit to how many people can participate in this game and how much money they
00:06:19.420 can win in the end okay so it's really a game only for the elite that's the second major limitation
00:06:25.740 and the third problem for britain is that it's really a small island with very few people and
00:06:33.500 very limited resources and therefore it was really not sustainable for britain to control
00:06:39.820 the entire world there's a limitation to its reach and ultimately other powers in europe would arise
00:06:47.020 to challenge british hegemony including russia including germany ultimately the power that would
00:06:53.500 overthrow the british empire to create its own empire is of course america and what america would
00:06:58.220 do that's very important is we resolve all three of these limitations to click to create a world
00:07:03.820 game in which we all play today okay so britain um for john return remember please bro to ignore
00:07:11.420 kick chat some dot you can see your eyes watching yep yeah yeah yeah this game but there were
00:07:17.660 limitations to how far this game could spread america will then take the concept of this game
00:07:22.220 and spread it all around the world until it conquered the entire world okay so how do you do
00:07:25.820 so all right so let's go over america well first of all america's not a small island it is a
00:07:30.940 continental fortress in fact it controls the entire western hemisphere we know that the western
00:07:36.300 hemisphere is very very wealthy okay so america is not just the country of america it's really the
00:07:43.100 western hemisphere and as such has unlimited population and it's unlimited resources that's
00:07:50.380 unlimited land okay so this resolves the issue of um resources okay second problem the currency
00:07:58.060 what am i going to do that would revolutionize the world is make the us dollar the standard of
00:08:04.700 wealth in the world and because the us dollar is just a concept it's just an idea everyone can
00:08:12.540 help for this game and wealth cannot be infinite okay but that makes sense right before gold
00:08:19.820 was what everyone was playing for but there's a limit to gold because the usd is the world
00:08:24.140 reserve currency and it is the world reserve currency and it's based off of nothing it's uh
00:08:31.580 it's really backed by force it used to be backed by gold but this unlimited wealth is just an idea
00:08:37.020 backed by the american empire controlling the world with us followers anyone and everyone in
00:08:42.860 the world can now play okay so i'll talk about how the us dollar became uh the center of wealth in
00:08:49.180 the world now the ethnicity is another problem okay and so what America did that was very clever is 1.00
00:08:55.900 tell the world we are not an ethnicity okay we're not a land what we really are is a game
00:09:02.220 all right so the idea is that America became a nation game
00:09:08.220 all right so um what so this has been easy to understand okay so i'm gonna explain this first
00:09:15.180 And I'm going to explain how the U.S. dollar came to dominate the world.
00:09:18.320 Okay?
00:09:18.660 All right.
00:09:19.360 All right.
00:09:19.820 So, for the longest time, we had problems deciding what a game or a nation ought to be.
00:09:29.020 Okay?
00:09:29.820 So, traditionally, nations have been ruled politically through the monarchy.
00:09:36.260 Okay?
00:09:37.020 Ask Zhang about Tiananmen Square during the late 80s.
00:09:40.140 Was it real or fake?
00:09:41.140 That's a good question.
00:09:41.860 Remind me tomorrow.
00:09:42.440 An oligarchy, a democracy, or a theocracy, okay?
00:09:50.980 So there are others, but these are the four major ones.
00:09:53.000 A monarchy is very simple.
00:09:54.420 A king is in charge.
00:09:55.820 Everyone just obeys the king.
00:09:58.060 Oligarchy is where the nobility are in charge.
00:10:00.840 Another name for...
00:10:01.260 Right, yeah, you're not supposed to ask Chinese people about that.
00:10:03.580 The government can execute...
00:10:04.940 Yeah, that's a bad idea.
00:10:06.160 Oligarchy is the aristocracy, okay?
00:10:07.820 And that's basically Rome.
00:10:10.380 Rome.
00:10:10.860 democracy is where the people make all the decisions and so what happens is that if a
00:10:17.260 decision is to be made people get together and they give speeches and whoever gives the best
00:10:21.180 speech gets the most votes and then that decision is implemented okay and of course the classic
00:10:25.900 example of democracy is athens okay and then you have a theocracy which is to say that the priests
00:10:34.060 are in charge and the priests represent the will of god okay and of course uh theocracy the classic
00:10:40.620 example is a catholic europe this is a medieval europe when the catholic church was in charge
00:10:47.260 all right but starting with the enlightenment when god was no longer considered that important
00:10:54.540 philosophers debated amongst themselves what a nation ought to be what society ought to be
00:11:00.940 okay and so let's discuss the major theories of this time period all right so the first idea is
00:11:10.620 If God doesn't really matter, okay,
00:11:13.660 if it's up to humans to decide how to structure societies,
00:11:16.820 how can you best do so?
00:11:17.880 And at this time, the most popular idea
00:11:19.520 is social contract theory, social contract theory.
00:11:25.400 And there are two major theorists, okay?
00:11:28.300 The first is John Locke, who of course is English.
00:11:32.420 And for him, government, it's very simple, okay?
00:11:36.340 Human beings have three fundamental rights
00:11:38.120 that God gave us, okay, which are inalienable,
00:11:41.280 which means that no one can take away from us.
00:11:42.840 The first is life, okay?
00:11:45.340 The second is liberty, the right to say whatever we want,
00:11:48.080 the right to do whatever we want.
00:11:49.500 The third is the pursuit of property, wealth, okay?
00:11:52.380 So they have private property.
00:11:53.940 In other words,
00:11:57.060 government exists in order to protect the wealth
00:12:00.060 that we generate for our hard work.
00:12:02.620 And we steal it, that's okay as well, okay?
00:12:04.500 And when you kill a lot of people in India, China, and France to get it, that's okay, too, because it happened elsewhere, okay? 0.57
00:12:11.580 All right?
00:12:12.280 So, private property.
00:12:13.620 And as you can imagine, if you have wealth, you like the system a lot.
00:12:17.700 And not only that, but you are encouraged, you're incentivized to work really hard.
00:12:20.680 And that's what actually allowed England to overtake the French, the Dutch, and the Spanish, okay? 0.97
00:12:29.360 Then, you have another theorist named Jean-Jacques Rousseau.
00:12:32.000 and this theory is different okay it's also social contract theory but it's a different
00:12:37.340 idea which is okay we're born in a state of nature we have complete freedom we can do whatever we
00:12:42.400 want so why do we choose give up this freedom and come into society okay the reason why is when we
00:12:50.020 do so we create a social contract that creates the general will
00:12:54.040 okay and the general will is a substitute for god it is the expression of the best of who we are
00:13:05.160 okay do you understand so by ourselves we're fine okay when we come together we create a new concept
00:13:10.900 that allows us to be truly and fully human the general will so what is the general will okay
00:13:16.920 All right, so think of Emilio Kahn who's a German philosopher and he explained that the
00:13:24.860 very basis of humanity, what we should all try to achieve, is something called the categorical
00:13:31.440 imperative.
00:13:36.440 Okay, the categorical imperative is the highest moral law.
00:13:43.060 It's really God's law.
00:13:44.060 And there are three components to this categorical imperative, okay?
00:13:47.660 The first is the idea of universality.
00:13:50.540 Universality just means that, imagine this, whatever you do, everyone else around you
00:13:57.740 will automatically do, okay?
00:14:00.180 So if you want to go drink alcohol, everyone's going to drink alcohol, do you want to live
00:14:04.340 in a society of alcoholics?
00:14:05.940 Okay?
00:14:06.940 If you cheat on a test, everyone immediately is going to cheat as well.
00:14:09.460 Do you want to live in a society of cheaters?
00:14:11.460 Okay?
00:14:12.460 If you read books, everyone else is going to read books.
00:14:14.700 So imagine that whatever you do will be replicated by everyone else immediately, okay?
00:14:19.100 That's the idea of universality.
00:14:20.820 Second is the idea of free will, okay?
00:14:24.960 I know that eating ice cream is bad.
00:14:28.600 I know that eating protein, chicken is good, okay?
00:14:33.260 But I cannot be forced to eat chicken even though it's better for me.
00:14:36.420 I have to choose to eat chicken by myself.
00:14:39.460 If I want to eat ice cream, I can do that, okay?
00:14:41.920 So we cannot coerce people to do what they do not want to do, all right?
00:14:49.360 And number three is human is the end unto itself, okay?
00:14:56.720 And the idea here is that you cannot use humans, a human being, to achieve a higher purpose
00:15:04.040 because humans are the ultimate purpose.
00:15:06.260 So I can't be like a king who says, you know what, I'm going to start a war to make a lot
00:15:09.140 money for everyone, and I'll sacrifice 50% of my people, but the other 50% who live will 0.99
00:15:13.480 be happy, they'll live in paradise.
00:15:14.820 You can't do that, okay?
00:15:15.820 Because you can't sacrifice anyone's life in order to achieve a higher end.
00:15:19.720 Because the ultimate end is the human life, okay?
00:15:22.340 So that's the idea of the radical imperative.
00:15:24.480 And this becomes the theoretical basis for the general will, okay?
00:15:29.580 Now in practical terms, how do you implement this in society?
00:15:32.580 Well the general will gives rise to government.
00:15:37.480 And then the government gives rise to laws, okay?
00:15:42.660 So the legitimacy of the government comes from
00:15:45.000 the consensus of the people, which is the general will.
00:15:47.640 The general will is not democracy, right?
00:15:50.120 The general will is an abstract idea
00:15:51.940 which represents the best of who we can be, all right?
00:15:56.100 So it just figures everyone's like, okay, 0.99
00:15:57.520 we should all vote to kill that person 1.00
00:15:59.880 because we don't like him. 1.00
00:16:01.140 No, that's not the general will.
00:16:02.280 The general will is everyone is important.
00:16:05.640 Do unto others as you would want others to do unto you, okay?
00:16:09.040 So you can't kill...
00:16:09.620 You're saying Klob's calling? I don't see the call.
00:16:12.380 Oh, he's calling.
00:16:14.140 That's crazy.
00:16:15.320 You're living life. 1.00
00:16:16.960 Tell me about that shit. 1.00
00:16:19.060 We're at the general will. 1.00
00:16:20.420 We're at the general will.
00:16:21.040 I'm already knowing.
00:16:22.960 Mmm.
00:16:23.860 Mmm.
00:16:25.720 Okay.
00:16:27.180 Alright.
00:16:27.660 Yo, Sneeko! 1.00
00:16:28.520 Hold on, hold on.
00:16:29.180 Turn the camera on.
00:16:31.220 Ooh, hold on, hold on.
00:16:33.740 Yo, what's up?
00:16:35.160 Well, let me fix my um
00:16:37.160 Hold on. Let me turn you up a little bit your volume. I can talk 0.65
00:16:42.040 Why is it fucking so quiet? Hold on 0.99
00:16:44.920 God damn it. This what the fuck is wrong with discord? Is this volume fucked on discord? 1.00
00:16:50.600 Yeah, make your volume more if you can 0.95
00:16:53.720 Sounds more sound setting
00:16:56.920 Um volume mixer, maybe it's this
00:16:58.920 yo can you hear me yeah what's up what up cloud what you up to this is nico hey what's up nico 0.99
00:17:14.060 nico what are you damn you're tapped in holy shit what are you guys up to okay so we just 0.99
00:17:19.060 want to we just wanted to say what's up because i heard you were on monkey gesture maxing so i was 1.00
00:17:23.300 like all right let me uh let me just fucking hop in this guy's segment real quick it's either this 0.95
00:17:28.280 our gamble i'm taking notes on uh on a lecture right now i'm learning about american and british 0.98
00:17:32.940 empire you're talking about the british empire yeah you need to start doing drugs again and
00:17:40.620 denounce as long i'm not gonna do that bro never gonna happen no i'm just kidding um but anyway
00:17:48.220 how was your night how's the looks maxing going ladies how you doing good how are you yeah i'm 0.99
00:17:54.300 So these are, um, you're just some bitches that I, uh, fucking popped out with tonight. 1.00
00:17:59.200 She's a tranny though. 1.00
00:18:00.520 So, um, did you do a, did you do a dick check? 0.99
00:18:05.300 She, I actually did. 1.00
00:18:06.560 And she actually like pulled out her pussy and almost got me banned. 1.00
00:18:09.560 So it was like, it was a quick crazy stream, crazy ass fucking stream. 1.00
00:18:14.860 No, Sneeko's too quiet. 1.00
00:18:16.340 Make him louder.
00:18:17.480 Hey, W Brock.
00:18:18.660 All right.
00:18:18.860 Yeah. 0.94
00:18:19.000 But so we basically were fucking around tonight doing a yacht. 0.96
00:18:22.220 You got to get back to Miami. 0.85
00:18:23.480 Yeah, where are you, Sneak?
00:18:25.240 I'm in New York right now.
00:18:26.660 It's starting to get a little warmer, you know, but it's been inside.
00:18:30.920 Wait, so the harem is only four, right, Sneak-O?
00:18:33.380 Well, you have to get married to them. 1.00
00:18:35.000 It's not just a harem.
00:18:36.640 But is it four?
00:18:37.300 It is four, though, right?
00:18:38.340 Well, I think it's like 99% of Muslims have one wife or a monogamous. 0.98
00:18:42.100 No, no, no.
00:18:42.500 But is that, like, the number four per harem? 0.58
00:18:45.640 Well, that's the maximum amount you can have, yeah.
00:18:48.560 The maximum?
00:18:49.320 Good. 1.00
00:18:49.680 I'll fucking throw this bitch off the balcony so quick. 1.00
00:18:52.480 All right. 1.00
00:18:53.180 i'll i'll make you bitches the hair transgenders are not allowed you you're not supposed to have 1.00
00:19:00.220 she looks like a dude maybe if you're a homo you have a lot of tattoos you don't look like a man 1.00
00:19:08.780 yeah you do not look like a dude she doesn't look like a dude that's true what 0.97
00:19:18.300 okay all right open it all right he's about to send him how do i oh yeah okay wait right 0.99
00:19:23.020 right now what is this what is this what am i opening hold on hold on what the fuck sneko give 0.98
00:19:29.220 me one second what why you already sent that you already sent that yeah damn bit hold on sneko pull 0.99
00:19:35.520 up my stream pull up my stream sneko damn so you're a groupie thought club i'm not i promise 0.97
00:19:43.260 you're not a groupie thought you're jester maxing for for 10 viewer kick streamers 10 viewers nine 0.95
00:19:49.320 bots no chat activity that's that's who you're being a groupie for all right kick groupie
00:19:55.000 we already have alice we don't need another one busted look at that whoops busted 1.00
00:20:08.120 what's the i i saw the pictures i don't understand the groupie thing going on
00:20:12.040 uh hold on you cut out one sec yeah whatever
00:20:26.380 that's why i thought the other thing it's not you
00:20:30.400 oh my god you all right wait am i jealous who's the groupie thought of the four
00:20:41.440 who are you a groupie for huh who is she a groupie for uh 50 viewer kick streamers i
00:20:48.640 couldn't even tell you the name exactly that's how you know you okay i don't even know who that
00:20:53.200 was how old are you who's a with an android you know what i mean like who the like 1.00
00:20:58.160 are you retarded bro didn't even have the live view the tv you bro streaming on a fucking phone 0.99
00:21:04.640 2000 bit rate and you said oh let me go let me go uh hold his hand and not hang out with cloud 1.00
00:21:09.840 i'm sorry even if i'm with other bitches you know what i mean yeah all right you're better off being 1.00
00:21:15.600 one of eight than one of one of a fucking time viewer i'm calm i'm calm i'm calm as 0.99
00:21:22.560 fuck okay i don't get calmer than this android is literally better than you live what cope 0.99
00:21:28.160 Nico, you've got to start going IRL more. 0.99
00:21:30.120 How old are you, ladies? 1.00
00:21:33.320 Oh, don't ask that question.
00:21:34.860 All right, mute, mute, mute.
00:21:35.760 I'll tell you off stream.
00:21:38.700 Yeah, we're streaming with Heal Mike, so if that answers your question.
00:21:42.980 Who is Heal Mike?
00:21:44.640 The guy right behind you from before that I was gambling.
00:21:48.420 I'm just kidding.
00:21:48.980 They're all 21.
00:21:49.640 I ID'd them all, so let's see.
00:21:52.340 All right.
00:21:53.460 What?
00:21:54.700 I'm not mad.
00:21:55.760 I don't get mad.
00:21:56.400 No, I'm actually feeling really good. 1.00
00:21:58.600 I've got this hot girl on my dick. 1.00
00:22:01.620 All right, you guys have fun. 1.00
00:22:03.520 Have fun tonight, okay?
00:22:05.260 Yeah, I'll see you.
00:22:18.360 Anyone, okay?
00:22:19.320 And if people vote for this,
00:22:21.520 the government is illegitimate
00:22:22.900 because it goes against the general will.
00:22:24.440 as you would want others to do unto you okay so you can't kill anyone okay and if you if people
00:22:31.320 vote for this the government is illegitimate because it goes against the general will
00:22:35.880 all right and this is important for us because this becomes the basis of the french revolution
00:22:44.920 and the french revolution the entire european continent okay including britain pressure austria
00:22:52.280 russia everyone got together and attacked france france was poor france had no monarchy but france
00:22:58.920 defeated everyone why because people were energized to fight for their nation they believe that i am
00:23:07.240 now part of a greater good i have equity in this game therefore i will defend this nation with my
00:23:12.840 life and france for the longest time was unbeatable on the battlefield okay all right so that is
00:23:22.280 the French conception of a nation.
00:23:24.760 A nation is a social contract
00:23:26.720 which guarantees rights to its citizens.
00:23:29.440 And in return, its citizens must be willing
00:23:31.980 to sacrifice its life for the nation.
00:23:34.940 And that's why the French Revolution was so successful, 0.98
00:23:38.880 which ultimately led to the French Empire under Napoleon.
00:23:41.580 Okay, does that make sense?
00:23:42.700 Now, there's another conception of the nation state,
00:23:45.360 which is this, okay?
00:23:47.880 And these are the Prussians, or the Germans, okay? 0.99
00:23:50.280 and it's idea of iron and blood.
00:23:56.840 So a nation is not something that you choose to get into, okay?
00:24:01.000 It's not something that you start in contact with.
00:24:02.220 A nation is in your blood.
00:24:03.920 A nation is language, heritage, land, okay?
00:24:11.740 And you prove that you are worthy
00:24:14.540 by sacrificing yourself in battle, okay?
00:24:17.960 This comes to us from the German Republic.
00:24:20.680 In 1870, okay?
00:24:22.820 So the time changed?
00:24:24.660 Did we already hit daylight savings?
00:24:25.880 The American Russian war between Russia and France,
00:24:28.840 these two concepts of the nation state came into battle, okay?
00:24:31.600 The French was a social contract. 0.99
00:24:32.800 You fight for us because you agreed to be a citizen of this nation,
00:24:37.260 which guarantees you certain rights.
00:24:39.120 Russia is like, no, you fight because it is your duty to fight, 0.96
00:24:42.520 because it is in your blood, it is in your language,
00:24:44.840 it is in your culture, it is in your family.
00:24:47.960 And then when these two cultures clashed,
00:24:50.200 it was the Prussians who won.
00:24:52.680 And that created, of course, Germany, okay? 0.97
00:24:56.380 So in 1870, the modern nation of Germany was founded
00:25:00.000 by the Prussians when it defeated France
00:25:02.040 in the Franco-Prussian War, all right?
00:25:04.340 So now we go to America, okay?
00:25:08.020 And America has a different conception
00:25:12.820 of the nation state, okay?
00:25:15.400 So at this time in history, first of all,
00:25:19.320 America is a very small place, 13 colonies.
00:25:22.620 And the colony is controlled by these indigenous people. 0.97
00:25:26.160 The Spanish are there, the Spanish are there, okay?
00:25:28.340 But the Americans are very, very ambitious.
00:25:30.460 And they are expanding really, really fast.
00:25:34.160 And Britain, the home country,
00:25:36.360 actually becomes afraid of America.
00:25:40.000 Because at this time, about the 1700s,
00:25:41.760 America has more people and it's wealthier.
00:25:43.780 It's welcoming people from all around Europe.
00:25:46.080 And so Britain tries to limit the expansion of America, okay? 0.62
00:25:50.500 It tries to say you can't cross the Southern Line,
00:25:53.640 the Appalachian Mountains. 0.97
00:25:55.040 America says screw you, we're gonna revolt, okay? 0.99
00:25:57.380 And this creates the American Revolution.
00:25:59.640 And in 1789, America creates the Constitution,
00:26:03.980 which becomes the highest law in the land.
00:26:07.980 And so at this point in history,
00:26:09.580 America, the American founding fathers,
00:26:11.840 they look around the world,
00:26:12.900 know about the british system they know about the french system um they're trying to grow the country
00:26:17.860 as fast as possible they're trying to fight the spanish the french the british and the indigenous 1.00
00:26:22.980 people in their land they're trying to welcome as many people as possible okay so they decide
00:26:27.940 do you think that call was like a good example of uh like bad temptations trying to to bring me in
00:26:34.500 oh stop learning don't do this don't stop trying to learn more so hey come back come back to the
00:26:41.300 come back to the dark it was a good example of that like i'm in the in the midst of this
00:26:46.020 learning more hey we don't you know but yeah that the nation will become a game okay a game
00:26:59.940 where the citizen is a player and the citizen is trying to maximize his wealth
00:27:08.500 okay and through this process of maximizing his wealth trying to get as much wealth as possible
00:27:14.100 he will be energetic he will work hard and this energy will contribute to the overall wealth of
00:27:21.220 the nation which will allow america to grow very very fast okay that's a plan all right so for this
00:27:26.820 to work they have to control the game that has three major characteristics all right the first
00:27:33.620 is that it has to be open meaning anyone can come and play okay but that just means also
00:27:42.020 limiting the history and the ethnicity of the uh place okay so the concept america creates is the
00:27:49.780 idea of melting pot we welcome anyone who comes to america regardless of your race regardless of
00:27:58.100 your history regardless of your wealth as long as you're willing to assimilate into america into
00:28:01.620 the melting part okay that's the first idea second idea is fairness and the third is clarity
00:28:11.460 so in other words people are willing to play a game and work really hard to win this game if
00:28:17.700 first of all they can play this game they're allowed to play this game they're not discriminated
00:28:21.540 against um also if the rules are really clear okay you understand what the rules are in america the
00:28:27.700 the rules are very simple. You go to America, you follow the law, you work really hard,
00:28:30.860 you get rich, okay? Really simple. It's called the American dream, right?
00:28:35.580 And the third thing, of course, is that the game is fair. Meaning, the only criterion
00:28:41.320 to generate wealth is how hard you work, how much talent you have, how much merit you have,
00:28:47.000 right? The idea of merit. Okay? And look, this is true. When you go to America, you'll discover
00:28:54.240 this if you work really hard if you're really talented if you're really smart they will respect
00:28:57.760 that okay i've been to a lot of countries i can tell you that america in america this is true but
00:29:02.400 it's not true in canada i grew up in canada and they don't really care if you're ambitious if
00:29:06.000 you don't don't care if you're smart don't care if you work hard they don't care they expect you
00:29:09.520 to follow the rules and conform okay that's canada you go to china okay we all know what china is
00:29:14.640 okay no one cares if you work hard no one cares if you're smart no one cares okay it's all about
00:29:19.760 your one seat about with your family okay but it's true yeah maybe i shouldn't have picked up
00:29:24.960 that call maybe there was also a temptation i don't know some viewers decided to go off because
00:29:30.800 you know we've been very focused on stream i hope uh you know putting that on screen didn't
00:29:35.520 on stream didn't you know take people away but it is an idea of a test but it's not that deep no
00:29:43.200 of course yeah it's not that deep it's just a little call but there is a lesson in there
00:29:46.560 actually this is true for most of the world and i would say that the idea of merit is only true
00:29:52.720 for two places america is the most obvious example okay i've been to meetings where at first americans
00:29:58.320 are like this guy is chinese he's probably speaking english he's not that smart okay so 0.82
00:30:03.440 there's discrimination going on but the moment i speak the moment i try to make my case they
00:30:07.920 are run over by my logic okay by my arguments by my creativity and they welcome me into the club
00:30:14.160 That's just the American attitude of being open-minded, of being generous, of appreciating talent above everyone else, okay?
00:30:20.440 And what he's saying applies, like, that visual, you know, Americans, it was all white people there. 0.54
00:30:25.520 It's like there's a war going on in Iran.
00:30:27.580 Lebanon was just attacked.
00:30:28.680 America's fighting this war.
00:30:30.120 And look at the difference.
00:30:31.840 The people in Iran right now are in the same war, same conflict, and it's probably on their mind every second of the day.
00:30:38.060 And America's fighting this war with the citizens.
00:30:40.900 It just seems like they have no idea.
00:30:43.000 you look at that visual it's like it's like it's not even happening the british are the english are
00:30:48.200 also very similar in that way in that yeah maybe they're racist but if you can make a good argument
00:30:53.400 in front of them they will accept your argument okay but guess what guys nowhere else is this true
00:30:58.440 okay in china you have the best argument in the world no one cares right okay so we there are
00:31:05.000 lots of issues with america but in all honesty america is a place that really does appreciate
00:31:10.360 merit and which really does reward merit that's why everyone wants to go to america all right
00:31:16.120 all right so the question then is how did america create the system okay what did so through the
00:31:21.880 constitution the idea of the constitution is to create a game and make this game above power
00:31:30.600 okay and how they did that is creating a system of government that checks and balances each other
00:31:36.040 So you have the President, you have the Congress, and you have the Supreme Court.
00:31:51.080 The Supreme Court is very simple, it's to interpret the Constitution, which is the highest
00:31:57.580 law in the land.
00:32:02.360 And then the powers of the government are divided equally amongst these different branches.
00:32:07.980 So the Congress can create laws and control spending, or what's called the purse.
00:32:15.820 The president has war powers, basically, or the sword.
00:32:20.480 But if the president were to declare war, he needs Congress to approve, because Congress
00:32:23.680 has to give them money to start the war.
00:32:27.020 And the idea that the Constitution is the highest law on the land means that it's really
00:32:32.440 rule of law, okay?
00:32:36.320 So even though you have this government system in place, you also have another parallel system
00:32:40.000 called the judiciary, the court system, which protects property rights in the same way that
00:32:44.900 they do in Britain, okay, does that make sense?
00:32:49.540 So the very idea is that this is a game, the government is a system to maintain the openness
00:32:57.020 clarity and fairness of the game and because of this America was very
00:33:02.840 quickly able to dominate the world okay the thing about this game okay that's
00:33:09.380 very important for us to understand is it is expansionist okay so what happened
00:33:16.900 is that in its history America faced certain challenges to this game and this
00:33:20.960 game won out every single time okay so the first major challenge to this game
00:33:24.980 it's called the American Civil War all right so let me explain what happened
00:33:31.120 from 1861 1864 the Civil War was fought between the North and the South this was
00:33:37.380 a clash of economic systems okay so the North when I was a kid I don't know about
00:33:42.160 you but they said that this war was all about slavery but it was really about
00:33:45.140 well played the game okay and so we believe in free labor the South was its 0.76
00:33:52.200 own independent economic system that focused on agriculture and so it used slave labor
00:34:03.400 for many americans in the north slave labor was offensive because it corrupted the game okay
00:34:10.360 because remember america started on the idea of openness fairness and clarity but if you're a slave
00:34:17.720 that's not fair okay because you were born a slave and you can never participate in this game
00:34:22.200 And so they fought a civil war to decide who was trying to win in the end.
00:34:26.400 And of course, the North won because the North focused on free labor. 0.56
00:34:30.660 So that meant that there were more people in the North.
00:34:33.280 That meant that the North was wealthier because of manufacturing.
00:34:36.240 And that meant that the North were more energetic.
00:34:39.800 Okay, so they defeated the South.
00:34:41.820 Is it weird to learn about American history from a Chinese guy? 1.00
00:34:45.060 So that was the first major challenge.
00:34:47.300 Now the game is spreading.
00:34:49.000 Okay, it spreads across America.
00:34:51.480 and now it stops because america can't expand anymore okay it basically conquers the west
00:34:57.960 and and now the game is an issue because of the nature of money the problem with money is that
00:35:04.880 ultimately the longer you play this game at the end of the game one person controls all the money
00:35:14.000 okay does that make sense that's a problem with capitalism that's a problem with this game
00:35:18.280 So now that the frontier has been settled,
00:35:21.420 now that the borders have been controlled,
00:35:24.240 a few people are now controlling all the money,
00:35:26.020 which leads to the Great Depression, okay?
00:35:28.720 So now the solution is America has to go and conquer the world,
00:35:31.780 which it does, okay?
00:35:32.600 In World War II, America conquers the world. 0.93
00:35:34.820 And so now what America needs to do is spread this game throughout the world.
00:35:39.800 And it does that by creating the U.S. dollar, okay?
00:35:42.640 So 1945, America wins the war.
00:35:44.840 a year before in july july 1944 for one month what happens is that america organized something
00:35:51.960 called a brendan woods conference in new hampshire okay and the idea of the brendan
00:35:58.840 woods conference oh i used to snowboard there in high school in brendan woods this is where
00:36:03.800 this is a big uh skiing snowboard resort huh to establish the world game okay before america's
00:36:11.480 game was limited to America, but now America wants to scale its game to the entire world.
00:36:17.020 So how does it do that? Well, first thing it does is it makes the US dollar the reserve
00:36:23.840 currency of the world. What does that mean? It means that every other currency has to
00:36:33.240 be derived from the US dollar. Every other currency will find value from the US dollar.
00:36:40.060 which means that if you have Canadian dollars,
00:36:42.420 you can now change it for U.S. dollars,
00:36:45.460 which is what's valuable.
00:36:46.300 The Canadian dollars is just not valuable, okay?
00:36:49.280 They also agree on exchange rate.
00:36:54.280 Okay, it doesn't make sense, okay?
00:36:56.620 And this is the system that we have today, okay?
00:36:59.460 All right, the global reserve currency is the U.S. dollar.
00:37:01.960 That's what's valuable.
00:37:02.880 The renminbi derives its value
00:37:05.100 from its relationship with the U.S. dollar.
00:37:06.640 The renminbi is not valued by itself, okay?
00:37:08.840 All right, that's number one.
00:37:11.140 Okay, so now you're like, wait a minute here.
00:37:15.120 It was said the Jew dollar.
00:37:17.460 I mean, yeah, controlled Rothschild's central bank system.
00:37:20.680 That is a really good example of something that they would call anti-Semitic for saying that overwhelmingly controlled the banks and finance, but is it not true?
00:37:29.520 This is true.
00:37:30.140 The U.S. dollar can, the Americans can just put as much money as they want.
00:37:33.200 And so, to solve this problem, the Americans said, the U.S. dollar will be pegged to gold.
00:37:41.960 Okay?
00:37:43.640 Does that make sense?
00:37:44.680 Okay, meaning, like, you can always take your U.S. dollar in exchange for gold.
00:37:47.440 And because there's a limit to gold, there has to be a limit to the U.S. dollars, which keeps the system stable.
00:37:52.320 Okay?
00:37:53.200 All right, that's number one.
00:37:54.560 Number two is...
00:37:55.580 Not anymore.
00:37:58.040 America needs to expand this game, okay, because it is in competition with the Soviet Union, which is against this game.
00:38:03.060 okay so it creates two new organizations to spread the game throughout the world and these two game
00:38:08.680 and these organizations are called the world bank and the international monetary fund the imf okay
00:38:13.120 so um i'm so for the sake of simplicity okay understand this
00:38:19.400 the world bank their job is to give you loans okay so let's say you are china and you are poor
00:38:26.980 right you need to build dams well the world bank gives you money and when it gives you money what
00:38:31.720 it does is it allows you to start playing this game okay allows you to
00:38:35.720 participate in this game now what always happens is eventually the
00:38:41.920 countries borrow so much money they have to go into debt and they can't pay off
00:38:44.740 the money right so then what happens is the IMF comes in and changes your
00:38:50.020 government and its economic policies to make it conform more to the game does
00:38:55.360 that make sense and its main mechanism is called privatization all right so
00:38:59.980 So what the IMF says is, okay, well, you're inefficient.
00:39:02.680 You can't pay off the debt because you're inefficient.
00:39:04.200 You're inefficient because the public should not be controlled of infrastructure.
00:39:08.600 The public should not be controlled of water, okay?
00:39:10.600 The public companies should be in charge of the water, electricity, and the land, okay?
00:39:14.620 So the goal of the World Bank IMF is to spread the game throughout the world, all right?
00:39:20.560 Okay, then in 1947, they create something called a gap.
00:39:27.460 this helps you really understand regime change throughout the world and if america is a colony
00:39:32.660 of israel and you go into different countries and put different leaders in charge it really is to
00:39:38.180 force them into playing this game which is paced off like eventually like if the american empire
00:39:43.540 crashes the entire world economic system crashes all the stock market everything implodes and then
00:39:50.980 your money and everything you've been spending your life for is completely worthless isn't that
00:39:55.380 that incredible that if u.s is a colony of israel which it is and israel is using america to fight
00:40:03.860 other global conflicts one they are incentivized to get america to fight wars to expand greater 0.55
00:40:12.720 israel but also to enforce this through the usd the world reserve currency oh clob thanks for the
00:40:19.620 Trade. 9,400. Welcome, cloud viewers. We're learning about the world reserve currency.
00:40:25.600 Okay. The GATT is a general agreement on tariff and trade. So this is the WTO, basically. Okay.
00:40:30.560 Let's change it into the WTO in 1995. All right. So it's basically an agreement on free trade.
00:40:38.420 Does that make sense?
00:40:39.740 1973.
00:40:44.340 Swift.
00:40:47.040 Swift is an agreement amongst different banks in the world on how to transfer money.
00:40:53.120 So, for example, if you want to transfer money.
00:40:56.300 Welcome, cloud viewers.
00:40:57.640 We're IQ maxing.
00:40:59.600 This is one of our segments.
00:41:00.860 I've been live for seven and a half hours.
00:41:02.320 Instead of looks maxing, we try to IQ max.
00:41:04.400 so professor jang is one of the professors that we're listening to but also listening to others
00:41:09.280 but mainly jang he's going to come on the stream tomorrow at 7 p.m eastern time and look at this
00:41:15.200 saying yeah bye i'm bored already this is not their content that maybe a lot of you guys were
00:41:19.820 but he rated with 9 000 viewers from cloud stream who were just watching like the girls and gambling
00:41:24.660 and immediately 6 000 people left immediately 6 000 people left so oh my god you're bored well
00:41:33.800 yeah welcome this is uh this is uh we're trying to learn something and again don't take anything
00:41:39.800 professor jang says 100 he is a professor this stuff is his opinion you know taking different
00:41:45.320 sources read different things it's good to uh to listen to different people from china we will be
00:41:51.400 into america to go to university right guess what guys let's go for swift okay so now it
00:41:56.360 that allows for more cooperation among banks
00:41:59.060 in the world to use U.S. dollars.
00:42:04.020 Now the last thing is,
00:42:06.280 okay, how do these countries get together
00:42:09.580 and decide on how to cooperate economically?
00:42:12.180 And the answer is the Bank of International Settlements, okay?
00:42:17.580 Okay, and the idea is that the central banks
00:42:21.120 of different countries get together
00:42:22.480 and they agree on certain policies, all right?
00:42:25.800 And it's all done privately, in secret.
00:42:28.520 No one knows about them, okay?
00:42:30.160 All right, so this is the...
00:42:31.100 You're saying politics is just a massing?
00:42:32.620 This is history maxing.
00:42:34.120 This is the system that we all live and die for,
00:42:38.160 risking your life and spending your life
00:42:39.740 trying to make this money.
00:42:40.920 So it's important to know how the system works.
00:42:44.020 So many people, I mean, the majority of people
00:42:45.500 spend their whole lives fighting for this
00:42:47.600 and they have no idea what's behind it.
00:42:50.500 It is funny to imagine, like, the people
00:42:52.140 that were just watching this stepping into the street.
00:42:53.800 oh okay they all just left game that america uh great it's very simple okay um and there are other
00:43:02.220 components but we'll focus on this now throughout the semester we will focus more we will focus on
00:43:06.240 how this game is played specifically but first i just introduce it to you all right okay so now
00:43:12.120 let's talk about how the u.s dollar conquers the world
00:43:13.900 all right so for the longest time um this system works well okay the united states is in competition
00:43:25.480 with the soviet union but over time the americans start to abuse this system so they pay for things
00:43:31.860 they can't really pay for for example the war in vietnam for example a space race for example
00:43:35.920 something called the great society okay they're just paying too much money and other countries
00:43:39.100 start to freak out so what's the smell 0.98
00:43:43.500 and a bow down to israel fuck israel there are a bunch of jokers they want us 1.00
00:43:49.260 to fight for a war that we don't even want to be in 1.00
00:43:53.260 fuck you you zionist fucks 1.00
00:43:57.340 fuck you bitch no because we're gonna go to war for these 1.00
00:44:06.620 Fucking 1.00
00:44:19.340 Trying to give a fuck we don't need Israel's oil money fuck Israel 1.00
00:44:25.880 For us basically withdraw all its gold from the United States, so in 1971 0.99
00:44:31.000 What Nixon does is say, you know what, here's the secret guys, we actually don't have enough
00:44:39.900 gold to pay off everyone, okay? So screw this, we're not going to pay the gold, the dollar
00:44:45.720 to gold anymore, okay? Do you understand? You can now no longer redeem your U.S. dollars
00:44:50.500 for gold. It's done, okay? So now what happens is the U.S. dollar becomes a Ponzi scheme,
00:44:57.200 all right what is a ponzi scheme a ponzi scheme is basically the u.s dollar is valuable because 0.76
00:45:04.560 people want to use it do you understand there's no value in it this is why i think it's so silly
00:45:09.620 when people say that you have to boycott you have to boycott don't drink coca-cola it's like the
00:45:13.960 whole entire world is buying into this giant pyramid pyramid scheme scam like we're all
00:45:20.220 we're all complicit in this there's literally no way to avoid it the entire world like boycott
00:45:27.180 sprite like what boycott currency you can't live without being part of this system everyone's
00:45:33.420 involved oh it's only valuable because people want to use it so now nixon has to go and create demand
00:45:40.300 for the u.s dollar right so the first thing he does is he goes to sardarabia
00:45:45.820 i know boycotts work but it's like if you want to boycott you have to boycott everything
00:45:49.100 And he created something called the petrodollar.
00:45:52.100 Now W. Clive in the chat.
00:45:54.100 The idea of the petrodollar is very simple.
00:45:57.100 Saudi Arabia, which is the largest oil exporter in the world, will only accept payment in U.S. dollars.
00:46:02.100 Therefore, if you want oil, you have to have U.S. dollars.
00:46:06.100 That's the first thing that Nixon does.
00:46:08.100 The second thing that Nixon does is actually even more important.
00:46:11.100 What does he do? Do you guys know?
00:46:14.100 He visits China.
00:46:16.100 Okay. Not only does he visit China, but he stops a framework in which America will give China everything.
00:46:27.300 Okay. In the 1980s, what happens? America gives China its market access. Right. 0.86
00:46:37.140 Now U.S. consumers can buy goods from China. That's a huge deal, guys. Okay. That's number one.
00:46:41.700 Number two is, America gives China FTI technology education.
00:46:48.700 What is he writing? I can't read his handwriting.
00:46:50.700 Imagine what happens. America gives foreign investment to China, gives all this capital to China,
00:46:55.700 gives all this technology to China, right?
00:46:58.700 All these military secrets that America has, it gives to China for free. 0.88
00:47:02.700 And knowing that, but America educates the Chinese elite. 0.50
00:47:06.700 elite okay 1980s all these Chinese students Chinese students for grad school go to America to learn 0.91
00:47:11.580 American technology okay and the third thing and this is most important is military protection
00:47:23.180 all these conflicts that China has with Southeast Asia with Japan Vietnam America will now protect 0.98
00:47:27.420 China when Chinese ships export goods to Europe Africa and the United States the US Navy will
00:47:33.420 not protect these chinese ships okay do you understand you're like oh my god america gave
00:47:40.060 china everything america made china rich why would america do that and there's one answer
00:47:47.740 and only one answer it's to make you china use us dollars okay
00:47:55.660 it's that simple okay so now when china trades with the world it gets us dollars in return 0.69
00:48:01.180 there's that okay and the entire idea is to make the world addicted to US
00:48:07.340 dollars and now that the world is addicted to US dollars now that the
00:48:11.640 world depends on US dollars America can now control the global economy okay so
00:48:16.900 in 1999 sorry 1991 the Soviet Union collapses okay and now America is the
00:48:28.340 game in town. There's no one who can challenge the supremacy of the Americans. And so now what 0.99
00:48:34.100 happens is America creates something called the New World Order. The New World Order is based on
00:48:38.300 global trade. But because United States controls the US dollar, it can now control something called
00:48:42.500 pricing. Pricing just means that the Americans can decide the value of everything, okay? So what
00:48:53.140 does is create a price hierarchy so at the very bottom are resources above that
00:49:00.700 is manufacturing then there's knowledge and then finance this is the price
00:49:11.980 hierarchy for the world all right and divides the world into a division of 1.00
00:49:16.600 labor okay so what is resources well guys it's Russia okay that doesn't make
00:49:23.500 sense Russia Africa South America what's manufacturing China what's knowledge
00:49:31.640 Europe and what is finance America okay does that make sense so what's gonna
00:49:40.640 happen is that America is gonna take its manufacturing and transfer to China
00:49:44.360 Okay?
00:49:45.360 Because it's cheaper for China to do it than for America to do it. 0.55
00:49:47.360 And all America's going to do is finance.
00:49:49.360 Okay?
00:49:50.360 What is finance?
00:49:51.360 Finance is just the creation of money for the purpose of creating more money.
00:49:55.360 Okay?
00:49:56.360 Okay.
00:49:57.360 So this is the system in place.
00:49:58.360 And at first, it sounds great because everyone's making money.
00:50:02.360 Okay?
00:50:03.360 But there are inherent instability in this system.
00:50:07.360 Okay?
00:50:08.360 And we will discuss all this instability throughout the semester.
00:50:10.360 But, for the sake of simplicity, let's talk about America.
00:50:14.860 What happens when you focus on finance is that you become a speculative economy.
00:50:19.600 You focus on gambling, okay?
00:50:21.120 Basically, gambling.
00:50:23.120 And this leads to something called the 2008 Great Financial Crisis when the American economy
00:50:32.480 collapsed, okay?
00:50:33.480 And at this time, the entire world economy should have collapsed.
00:50:37.960 And so what happened was, all these central banks from around the world came together
00:50:43.040 in Basel, Switzerland, the Bank of the National Settlements, the secretive body in which all
00:50:48.280 economic policies are made.
00:50:49.280 And they decide the only way to save the world is if China spends money, do you understand?
00:50:56.980 Why do we have all these skyscrapers?
00:50:58.500 Why are there all these airports?
00:51:00.420 Why are all these high-speed railways?
00:51:02.460 Because China saved the global economy is actually the best infrastructure, okay, and
00:51:08.880 building a world initiative, and that saved the global economy.
00:51:12.080 Now, after China did this, China developed a lot of debt, okay, and China basically said
00:51:18.140 to the world, listen, we saved the global economy, so we deserve a seat at the table,
00:51:23.840 right?
00:51:24.060 We deserve to be equals to America, and so we're going to sell our products, our Huawei
00:51:29.720 phones around the world. We're going to compete with America for global dominance. And America
00:51:35.680 said, screw you, okay? And that led, of course, to Donald Trump. 2016, Donald Trump. And the 1.00
00:51:42.020 first thing Donald Trump did, of course, was initiate the U.S.-China trade war, right?
00:51:46.320 China wants to be an equal to America. America says, nope, screw you, we're going to destroy 1.00
00:51:51.320 you, okay? So America tried to sanction China. America tried to blockade China, okay? So 1.00
00:51:57.700 So we'll discuss this again later on throughout the semester.
00:52:01.640 Then what happened, of course, is in 2022, Russia invades Ukraine.
00:52:09.320 So what Russia is saying is, you know this price hierarchy?
00:52:13.360 Screw this.
00:52:14.360 Because guess what happens, guys?
00:52:15.940 If you don't have any resources, this system doesn't work.
00:52:19.480 Try to manufacture without any resources, try having knowledge about resources, try
00:52:23.980 having finance about resources.
00:52:25.980 So when Russia invicts Ukraine, it's trying to control the resources of Ukraine.
00:52:30.240 Russia and Ukraine together controls one-third of the world's carbohydrates.
00:52:36.520 Africa and the Middle East starves to death about Russian and Ukrainian grain, okay?
00:52:40.740 Does that make sense?
00:52:42.880 So now this entire system is in jeopardy, okay?
00:52:48.160 And so what's happening today is America is fighting to save its game.
00:52:53.080 It's trying to fight to save the system.
00:52:54.920 It's trying to fight to save the US dollar.
00:52:56.720 It's trying to fight to save its hegemony, okay?
00:52:59.160 And Russia and China are trying to exert themselves.
00:53:02.240 So we are in a time of game reset, alright?
00:53:09.100 Game reset.
00:53:10.940 And this is the world that we live in today, okay?
00:53:15.920 Alright?
00:53:16.920 Great.
00:53:17.920 So we will discuss this throughout the semester.
00:53:20.080 Any questions?
00:53:21.080 Are you guys clear?
00:53:23.080 so i i know this is a lot to take in but we'll go with just the specifics throughout the semester
00:53:31.200 okay we'll go we'll go and we'll we'll apply the current events so where would you guys go
00:53:36.120 if so if this entire system fails where would you go explain why this is happening any questions
00:53:42.360 come on amber okay Dubai it's getting bombed right now Mecca Medina then you're still a Saudi 1.00
00:53:54.780 could Saudi would definitely suffer greatly if the USC collapses Poland I didn't like 1.00
00:54:00.960 Poland too much a little bit boring Japan is a good one China it's hard to really 0.99
00:54:07.620 immigrate there. I want to be able to speak English with people. South Africa, North Korea.
00:54:15.680 Can you even move to North Korea? Turkey, Venezuela. So the only purpose of America, 0.95
00:54:23.940 like they produce a service for China is to let them use U.S. dollars, right? So American
00:54:30.500 can use this game to everyone. But I think China does not do the same thing as American.
00:54:35.740 like they created this game why okay all right so yeah are there like how many students are in
00:54:47.180 this class it's always the same two people asking questions like this is a class with like four
00:54:53.340 people how many um we'll discuss this for the semester okay the relationship between china and
00:54:59.820 uh the united states so remember that the united states wants trying to play this game but they
00:55:04.860 And they can't really say to the world,
00:55:06.480 oh, we're doing this because we're greedy
00:55:08.420 and we want China to be subservient to us, okay? 0.66
00:55:10.860 So they said that we want China to play the game 0.98
00:55:12.760 because this game will allow the middle class to rise
00:55:16.160 and will make China much more democratic, okay?
00:55:18.720 But that was just BS. 0.98
00:55:19.760 That was just a fraud, a lot, hypocrisy.
00:55:23.140 All right, so now that China is in this game,
00:55:25.860 what it's trying to do is restructure the game
00:55:30.060 so that it's more independent, okay?
00:55:33.260 Because the problem for China is, OK, to play this game, 0.99
00:55:37.780 what you're doing is you're taking resources, right?
00:55:40.780 You're creating, manufacturing, exports.
00:55:44.420 OK?
00:55:44.920 And so that's the role of China in this game.
00:55:46.500 There's certain problems with this game.
00:55:48.260 The first problem is America controls the entire game. 0.67
00:55:52.260 Right?
00:55:52.760 So America can say, you know what, we don't like you,
00:55:54.260 so you can't trade anymore.
00:55:55.260 So basically, they stop, they limit the resources,
00:55:58.100 and they limit the market access.
00:55:59.220 OK?
00:55:59.720 So what China needs to do to survive 0.87
00:56:01.280 is the idea of diversify.
00:56:04.360 Create markets outside of the United States.
00:56:06.580 Create like five resources that are dependent on the US.
00:56:10.340 So that's a game that China is playing. 0.94
00:56:11.720 And that's the idea of BRICS.
00:56:13.620 We'll discuss BRICS later on.
00:56:15.520 But the BRICS is a very different concept
00:56:17.080 where before America was trying to impose its game on everyone. 1.00
00:56:19.440 Now China's just trying to create a system that is not so
00:56:22.160 dominated by the Americans.
00:56:24.180 That's the Chinese mentality. 0.92
00:56:25.620 Does that make sense?
00:56:26.400 OK.
00:56:26.900 Any more questions, guys?
00:56:28.680 Great.
00:56:29.180 So we'll continue this on Thursday, OK?
00:56:31.280 okay let's go over this real quick this is a good lecture to go over see these notes from today
00:56:40.640 so this is the
00:56:43.440 it starts right here so america's game uh i'll say history of the usd
00:56:48.560 so the british empire was based on these three systems it was based on the bank of england
00:57:08.240 soft power media and the british navy controlling the sea lanes and trade the limitations of the
00:57:13.360 british empire are three things the ethnicity the belief of a superior white race india rebelled
00:57:19.120 against the whites british refused to collab with other races watch people say w for that
00:57:26.800 well it lets the downfall that's an example of hubris the other limitation was currency was wealth
00:57:34.240 based on gold uh they only maintained wealth to the elite class
00:57:43.360 The third limitation was England, a small island.
00:57:46.760 It's easy to attack by Germany and France. 0.51
00:57:48.620 America answered all three of these limitations.
00:57:50.820 America controls entirety of the wealthy Western Hemisphere.
00:57:55.000 Unlimited resources, land, and Western Hemisphere.
00:57:59.960 USC becomes the currency of the world.
00:58:01.800 It's based on an idea.
00:58:03.100 Wealth becomes infinite.
00:58:08.320 More.
00:58:10.840 Entire world now plays this game.
00:58:12.480 Ethnicity idea, American is not an ethnicity, it's a nation game. So, anybody can immigrate.
00:58:19.480 a foreign ambition uh the four ideas of empire are the monarchy oligarchy democracy and theocracy
00:58:50.040 the oligarchy he didn't specify monarchy but oligarchy is rome democracies athens theocracy
00:58:55.080 is uh catholic authorities of empire this is his example is monarchy i don't know he didn't specify
00:59:01.240 but and then there's a social contract theory developed by john locke he pushed this idea
00:59:06.920 uh locke develops the idea of life liberty and pursuit of wealth but they say it's pursuit of
00:59:11.480 happiness but thanks for the pursuit of wealth england took over french dutch and spanish with
00:59:17.640 this theory of life liberty pursuit of wealth rousseau developed the and this is like enlightenment
00:59:23.240 ideas that's my enlightenment era arrives uh england uh yeah then we have rousseau there
00:59:37.640 the idea of unlimited freedom rousseau develops the idea of general will con he develops the
00:59:43.320 base of humanity is categorical imperative meaning categorical imperative is the highest
00:59:47.640 form of law god's law uh defined by oh right here defined by the catholic church which spreads around
00:59:55.640 the world this is the idea of universality number one whatever most people do is what's true you do
01:00:03.560 is what's true uh the idea of free will it's on a different line
01:00:13.320 free will cannot impede on human's idea a human's ability of free will the third idea
01:00:21.240 humans will usher in the end of the world i think that's what he said but we'll put in parentheses
01:00:27.840 well i'll say accelerate
01:00:33.180 these ideas create the basis of the french revolution every european empire attacked
01:00:39.460 french the french won because they were energized to defend their nation uh they loved their nation
01:00:44.340 they were a proud people french revolution led to french empire and napoleon iron plus blood in
01:00:48.740 1970 the french were fighting for something greater the prussians were fighting because
01:00:52.100 it was their duty the prussians won this nation eventually became germany then britain tries to
01:00:57.620 limit the expansion of america in 1789 america creates the constitution it's the highest law of
01:01:02.180 the land law of the land capitalism is developed from the constitution and american ideas the idea
01:01:12.900 that the player trying to maximize his wealth it's defined by these three ideas open society
01:01:18.900 idea of a melting pot fairness merit and clarity open society fairness clarity he's repeating these
01:01:25.860 three ideas creates the idea of the american dream rewarding merit if you work hard and are talented
01:01:30.580 people will respect this and you'll be rewarded in america an example example
01:01:38.740 canada does not care about ambition they care about conformity america has the idea of
01:01:42.980 constitution above everything it goes to president and congress and government
01:01:46.820 congress creates the law presidents have the sword can
01:01:54.420 president wields the sword
01:02:00.580 can declare war the constitution ensures openness fairness and clarity of this game
01:02:06.500 in 1861 to 1864 the american civil wars uh starts between the north and the south what happens
01:02:12.580 between the north and south north has idea of free labor south idea of slave labor the north
01:02:17.780 is offended by slavery because slavery is not fair problem of capitalism is one person controls
01:02:21.780 all the money obviously the north wins i'll write this down here
01:02:25.620 is one person controls all the money in world war ii america conquers the world uh end of 1945
01:02:34.080 uh july 1944 america organizes the breton woods conference in new hampshire
01:02:43.320 is where i used to snowboard usd has created reserve currency of the world every other
01:02:49.080 currency is derived from the usd exchange rate derives back to the usd usd originally you know
01:02:54.240 always wondered this as a kid and now i understand it i was like why is everything why is the us but
01:02:59.920 yeah usc is originally based on gold to keep the system stable the world bank works with the imf
01:03:06.720 their job is to give you loans when the banks cannot pay you back the imf forces you to play
01:03:10.960 into this game the imf goal is to control the world of this game what is the definition of imf
01:03:15.920 what does this abbreviate to imf is the international monetary fund global organization
01:03:26.000 of 109 countries established okay international monetization i already forgot what to sit for
01:03:40.800 imf is the international monetary fund
01:03:53.200 please fit oh my god uh international monetary fund forces the world into
01:04:05.920 uh how do i abbreviate this
01:04:10.800 I already I wrote this twice I'm gonna say to this IMF is the International Monetary Fund 109
01:04:17.400 countries involved 1947 you have the GATT agreement on free trade what does GATT stand for
01:04:25.740 that is the general agreement on tariffs and trade 0.99
01:04:28.200 and this is developed post-world war ii he's fit oh motherfucker 0.98
01:04:48.920 treaty from 1947 through 1994. 0.96
01:04:58.200 uh the third way that america uh conquers the world post-world war ii is development
01:05:04.680 of swift in 1973 allows more countries it's a transaction right so uh
01:05:17.800 yeah it's like transaction fees uh then the usc conquers the world 1971 nixon realized there is
01:05:23.000 not enough gold to pay everyone usc becomes a ponzi scheme saudi arabia um uses the petrol
01:05:28.040 dollar the idea that saudi arabia is the biggest oil trader in the world exclusively using petrodollar
01:05:33.000 usd nixon visits china america gives capital and tech to china america gives military secrets to
01:05:40.200 china for free america gives china education america gives military protection china america
01:05:44.200 protecting china against vietnam and japan america patrolling the seas right
01:05:51.880 america makes china rich so they use usd china trades with the world with usd 0.99
01:05:56.040 the idea is to make the world addicted to usc america now controls the entire global economy
01:06:01.640 1991 the soviet union collapses no empire challenges america pricing america determines
01:06:06.360 the value of everything price hierarchy it goes finance knowledge manufacturing resources resources
01:06:11.720 come from russia manufacturing comes from china knowledge comes from europe finance comes from
01:06:16.040 the us the hierarchy goes this way finance knowledge manufacturing resources uh gambling
01:06:22.040 is the result is the cause of the 2008 housing crisis and i'll put in parentheses
01:06:28.360 um what was the loans called they specified this in the big short uh
01:06:36.760 what was it called subprime mortgages
01:06:42.120 yeah subprime mortgages china could save the world if they spend money 0.91
01:06:46.920 to pay off debt I'll put this I added this just clarifying the USC should have collapsed after
01:06:56.760 the 2008 crash China developed a lot of debt post 2008. China says we deserve more credit
01:07:02.880 for saving the global economy America says screw you China oh mother what the 0.97
01:07:10.260 um and maybe this is Chinese bias remember jang can't trust everything um 0.99
01:07:19.320 say the world America says screw you China
01:07:26.040 then Trump become Trump takes charge China China China China America tries to prevent 0.52
01:07:32.940 China from growth tries to sanction China 2022 Russia goes to war with Ukraine Russia says
01:07:37.560 this game screw this usd game russia and ukraine control one-third of the world's carbohydrates 0.92
01:07:44.920 and they feed africa they control a lot of food today america trying to save usd game
01:07:50.360 by any means necessary today potential game reset i want to put this in one line oh
01:07:58.440 mother
01:08:04.360 no how do i fit this
01:08:08.200 today potential game reset bricks
01:08:22.360 china's response china's answer to
01:08:28.920 usd dependence no
01:08:41.080 yes there we go perfect i love that all right i'm going to post these notes real quick
01:08:47.000 in the twitter com i'll pin it in the chat great lecture again that was better than i
01:08:52.760 expected you to explain the social contract what was the social contract
01:09:02.360 i think these are good notes this is uh super good information
01:09:06.920 and he's very factual he's not opinion based on this one i think this is very good
01:09:12.840 what was the social contract that i missed
01:09:14.280 it's important to know especially with this war
01:09:23.840 um yeah sharpies what did i miss the social contract what did you say
01:09:42.400 okay
01:09:44.280 so all this will start once Trump was elected no it started much before it started long before
01:09:50.280 it started when the creation of the United States even the history follows this you know
01:09:58.440 the social contract theory of John Locke
01:10:05.400 I don't even know someone just posted Pornhub in here okay you're banned
01:10:10.800 why are the this dude's spamming a Pornhub link and you guys aren't banning him
01:10:14.280 I'm trying to learn about the USD. 0.79
01:10:16.080 It's like, oh, kick.
01:10:18.160 All right, so here's the...
01:10:42.980 All right.
01:10:44.280 there you go also pin in the community if you guys want to get uh read over these notes
01:10:54.360 good lecture very good i think that's the only one only lecture we'll watch for today
01:11:01.160 um pin in community yeah
01:11:14.280 Thank you.