I don’t know who needs to hear this or comprehend it still, but most if not all billionaires don’t care if the economy crashes. They have so much money and power they can be safe as a bug in a rug. They can then take advantage of a collapsed economy and suffering society to force even more workers into defacto slavery.
@hacks4pancakes You forgot that they will also buy up businesses and land as their owners financial situations falter.
@davesomebody and with a crippled government there will be no antitrust protection
@hacks4pancakes yep, a lot of inflation in the housing market came from large companies buying up single family homes as they came on the market. I don't understand what their endgame in this even is. But they found a place where regulations were lax and struck while the iron was hot.
@davesomebody no real endgame, just a greedy maw that can never be satisfied
@hacks4pancakes The greedy maw thing does confuse me. I thought the point was to sell these homes layer for profit. But they paid top dollar. How do you take profits on so many without creating a slump?
@hacks4pancakes I suppose there is driving the original company into bankruptcy, default on financing that paid for assets then acquire company in fire sale through shell company. I've seen that happen too many times.
@hacks4pancakes I don't think most people are aware that the wealthy don't risk their own money. Once your net worth passes a certain point you can leverage assets in ways us normies can't imagine. Many live paycheck to paycheck. Some have enough that they are into managing the risk to what they got. A select few are dealing in financial instruments you could not imagine.