The truly rich scooped up a bunch of cash and cash equivalents while interest rates were low. Now that there's going to be a price crash in places like housing,

The truly rich scooped up a bunch of cash and cash equivalents while interest rates were low. Now that there's going to be a price crash in places like housing, they will be scooping up assets like mad while Main St. suffers. People were complaining about how many houses BlackRock was buying, just wait till the crash. This kind of thing really bothers me, and the more I learn about economics the more I understand why public school economics classes are so poor. If people understood this stuff there'd be a revolution. I think Warren Buffet once said something to the effect of if the average citizen understood how the federal reserve worked there'd be a revolution overnight. I'm sure I got the person or details of the quote wrong, but I'm too lazy to look it up. Regardless, the sentiment stands.