this post was submitted on 26 Oct 2024
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...keep building legal and easy housing. Megacorps and oligarchs get crushed when the bubble pops underneath them.
Well, it'll ding them. But the ones hurt worst will be those invested in the ponzi scheme that is the american retirement system.
Like at my last job my tiny nothing of a 401k was invested in mortgage holdings. Had the bubble burst then all my money would be gone.
"Marginal Utility" - $10,000 is a lot to me. Its not worth stooping over to pick up for a Blackrock Exec.
Don't worry we'll bail them out like we always do