NEW YORK - President Donald Trump’s tariffs have spooked investors, with fears of an economic downturn driving a stock market sell-off that has wiped out US$4 trillion (S$5.3 trillion) from the S&P 500’s peak last month, when Wall Street was cheering much of Mr Trump’s agenda.
Billionaires call this a fire sale. They get richer.
Not yet. Still a ways to go before proverbial (and maybe literal) blood in the streets.
We can only hope that they’re currently heavily leveraged with loans on equity holdings, such that they have to liquidate assets.
Nothing will stop them from gathering up all the low price shares.
Rothschilds and Waterloo, mortgage crises…
Sure bro, that’s who’s behind it.
The Rothschilds.
Sorry if that was implied, not what I meant. https://en.wikipedia.org/wiki/Nathan_Mayer_Rothschild
Tldr they sent their own (super duper fast top horses and riders) scouts ahead to London that Napoleon was defeated at Waterloo, spread word he was successful and marching on London triggering a market sell off, bought low and achieved the greatest transfer of wealth per capita of all time.
(If there are antisemitic connotations, worth mentioning I’ve got my j-pass. Also I’m not a conspiracy theorist.)