this post was submitted on 04 Jul 2026
368 points (97.9% liked)
Memes
56236 readers
574 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 7 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Exactly, the rich can see crashes coming early, so they pull out of liquidity to protect their assets. As a bonus, when the crash happens, they can swoop in and buy up the assets others are forced to let go on the cheap. So, each crisis ends up acting as a black Friday for billionaires and a massive wealth transfer to the top.