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Stocks won’t fall as far as the economy, so when people start selling off everything not nailed down just for tomorrow’s food, the wealthy can swoop in and buy
by rekabis 2y ago
Stocks won’t fall as far as the economy, so when people start selling off everything not nailed down just for tomorrow’s food, the wealthy can swoop in and buy it all up for pennies on the dollar.
It’s the whole game plan, after all. Land, especially: generally speaking no-one is really making any more land all that fast, and when it comes down to your family starving or selling off your land for food, the land goes pretty f**king cheap and pretty damn fast.
By this method, the Parasite Class will end up owning all the land and everything in it, and the entire Working Class will become the modern version of tenement farmers or those living in company towns - slaves, essentially.
- doctorpangloss 2y agoYeah, land… you know US CRE is on the precipice of disaster, Chinese RE had some huge disasters. And the best opportunity for RE came and went in 2009. Meanwhile the top S&P500 stocks were not the top in 2009, even Apple had already released the iPhone back then. I understand you are making a colorful comment. But “real estate tycoon” isn’t the antagonist for many people.
- h2zizzle 2y agoThat's if they're allowed to force the liquidity hose to stay open. An alternative future is one where everyone's bets get called in (as should happen during a downturn). The richest are far more underwater in an asset bubble pop environment than the rest of us are. Remember who bailed out who in 2008. Force them to close their existing obligations. People will be able to keep their land (albeit worth phenomenally less).