Up to a point yes. However, if the majority of your ‘wealth’ is not liquid and bound up in a stockmarket that no longer exists, you’re going to have a hard time leveraging it. Similarly, what liquid wealth you have is only as valuable as the form it takes. Your dollar bills in a hyper-inflationary scenario is going to have more values as toilet paper than as a means of exchange, and your gold is no good if there are no one around willing to exchange anything for it. You can eat gold, but the nutritional value is somewhat dubious.
Quit licking boots. You think banks will stop loaning money to musk if Tesla stock crashed? Trump has been bankrupt multiple times, it’s a big club and you ain’t in it.
Your both wrong, you based on your lack of understanding of economic fundamentals and OP in the belief that rich people are shooting them selves in the foot.
It’s true rich people are nominally undermining their own wealth by rushing us towards a collapse of financial assets, but OP misses that the rich are also hoarding real resources too: properties (including fucking BUNKERS), farmland and most likely massive storages of food and other necessities. Peter Thiel style people want to crash the economy because when they do, their wealth takes the form of tangible power over who gets to be alive. As opposed to today, that power will not be abstract.
Having money, at a certain point, has very little to do with accessing and consuming goods or services, but rather controlling others’ access to those resources, i.e power. This is what drives these people. Fundamentally, a lot of super rich capitalists are betting that they will end up with more power by collapsing capitalism itself. It’s their revolution. They’re very long-term thinkers with impeccable class solidarity and coordination.
They only have those things as long as we honor the social contract and I think we’re all hoping for a collective flipping of the rigged monopoly game soon
You’re right, but that’s particularly true within the current paradigm of capitalism, if they get to pick the next paradigm they will have a firmer grip over those things.
Watch who you’re calling a bootlicker. You talking to a guy who’ve never taken a loan, made use of credit or had an insurance policy. And I dare say banks will stop loaning money to Musk when they have no fucking money.
I think bootlicking is bowing down to the (unreasonable, amoral or unethical) demands of someone who considers themselves the master or owner of other people whether that’s you or someone else, and that this can take many forms and have many motivations, precisely none of which are acceptable or excusable. I cannot think of a single form of it that has been characteristic of my life, and so I’d kindly ask you to use that term for someone who deserves it instead of me. I suggest the nearest MAGA adherent or Russian. Thanks.
You say that, but if you have a large cache of cash, economic crashes are just opportunities to buy assets at a bargain.
Up to a point yes. However, if the majority of your ‘wealth’ is not liquid and bound up in a stockmarket that no longer exists, you’re going to have a hard time leveraging it. Similarly, what liquid wealth you have is only as valuable as the form it takes. Your dollar bills in a hyper-inflationary scenario is going to have more values as toilet paper than as a means of exchange, and your gold is no good if there are no one around willing to exchange anything for it. You can eat gold, but the nutritional value is somewhat dubious.
That’s why I specified having cash, and buying assets.
they get millions in cash per week
Quit licking boots. You think banks will stop loaning money to musk if Tesla stock crashed? Trump has been bankrupt multiple times, it’s a big club and you ain’t in it.
Your both wrong, you based on your lack of understanding of economic fundamentals and OP in the belief that rich people are shooting them selves in the foot.
It’s true rich people are nominally undermining their own wealth by rushing us towards a collapse of financial assets, but OP misses that the rich are also hoarding real resources too: properties (including fucking BUNKERS), farmland and most likely massive storages of food and other necessities. Peter Thiel style people want to crash the economy because when they do, their wealth takes the form of tangible power over who gets to be alive. As opposed to today, that power will not be abstract.
Having money, at a certain point, has very little to do with accessing and consuming goods or services, but rather controlling others’ access to those resources, i.e power. This is what drives these people. Fundamentally, a lot of super rich capitalists are betting that they will end up with more power by collapsing capitalism itself. It’s their revolution. They’re very long-term thinkers with impeccable class solidarity and coordination.
They only have those things as long as we honor the social contract and I think we’re all hoping for a collective flipping of the rigged monopoly game soon
You’re right, but that’s particularly true within the current paradigm of capitalism, if they get to pick the next paradigm they will have a firmer grip over those things.
That’s what I said dixkhead.
Watch who you’re calling a bootlicker. You talking to a guy who’ve never taken a loan, made use of credit or had an insurance policy. And I dare say banks will stop loaning money to Musk when they have no fucking money.
That’s what you think boot licking is?
I think bootlicking is bowing down to the (unreasonable, amoral or unethical) demands of someone who considers themselves the master or owner of other people whether that’s you or someone else, and that this can take many forms and have many motivations, precisely none of which are acceptable or excusable. I cannot think of a single form of it that has been characteristic of my life, and so I’d kindly ask you to use that term for someone who deserves it instead of me. I suggest the nearest MAGA adherent or Russian. Thanks.
Any crashes really…
But that econony they keep treating like a pinata actually does things. Or did. Like, it was for something.
They need to be found and taxed.
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