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Who am I compared to blackrock president but I feel like it is blackrock who is picking his words quite carefully. VERY carefully. https://finance.yahoo.com/qu
by incomingpain 5y ago
Who am I compared to blackrock president but I feel like it is blackrock who is picking his words quite carefully. VERY carefully.
https://finance.yahoo.com/quote/GME/holders?p=GME https://finance.yahoo.com/quote/GME/holders?p=GME
Vanguard and blackrock are holding heavy long positions into gamestop. This president knows that he's doing this.
Let's not forget Blackrock is buying heavy into houses with expectation the bond market will die and USD to inflate quite a bit more: https://www.vox.com/22524829/wall-street-housing-market-blackrock-bubble https://www.vox.com/22524829/wall-street-housing-market-blac...
He knows the implications of all this and the 'entitled generation' arent who will ultimately pay here at all.
As the USD collapses to accommodate their play, the entitled generation are who will be able to beat inflation with jumping jobs and demanding raises. Generational wealth warfare doesnt work exactly because of this.
Inflation is paid ultimately by who? The people whose investments are held in the currency. Retirees holding bonds with negative real yields are where the money comes from. It's the boomers who eventually pay here. It's the boomers who thought they could retire but can't anymore because their retirement funds are worth less and less each year. Its the boomers who hurt when there's a 2030 worker shortage that's set in stone.
No, the blackrock president knows this. He picked his words very carefully.
Yes, the homelanders will have some sacrificing to make. Hell the name of their generation explains one sacrifice.
Flipside, basically every homelander will be a millionaire. It wont mean the same thing. the language will evolve.
- jcadam 5y agoWages always lag behind inflation. We're heading into a recession, which means the labor shortage will evaporate and employers will be facing much less pressure to raise wages. Only people like our Blackrock president here will be insulated from this. Welcome to Stagflation.