just_another_personRisk of ‘Trumpcession’ rising, economists say, as global markets fall
Risk? Its his goal. Crash the market for his ultra wealthy amigos to buy up everything
Another problem is that down to lower class the americans invest for their retirement.
If he wipes out the people’s lifetime savings, they can’t afford to retire and got to work longer - even if the recession is driving inflation down.
CharlesDarwinYou think that billionaires that are influenced by the likes of Curtis Yarvin care about people saving for retirement?
No, I just thought about how normal people are fucked over. In systems with public pensions, politicians could just cut the pensions, in a property and investment based system, you have to make the “lifetime savings” of the lower 95% just not liveable by greedflation, concentration of wealth and volatile markets that eat up savings - and don’t allow sub-billionaires to hedge.