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It’s about assets. In an economic crash, the 1% buys up the assets for pennies on the dollar, generally receiving an enormous government bailout in the process.
Housing/real estate is the most obvious example of this over the past fifteen years or so.
It’s about assets. In an economic crash, the 1% buys up the assets for pennies on the dollar, generally receiving an enormous government bailout in the process.
Housing/real estate is the most obvious example of this over the past fifteen years or so.