As Elizabeth Warren, echoed by Bernie Sanders, have said so often, the system is rigged.
When markets collapse, small investors with 401k’s or IRA’s lose everything (unless they have moved their funds to money market or interest-bearing accounts … just sayin’) while hedge fund managers who have bet against the market with credit default swaps and derivatives profit big time.
When markets collapse, all the losses are merely numbers on paper. No homes are destroyed by market collapses (only wildfires, hurricanes, tornadoes or floods exacerbated by the climate change that Big Carbon profiteers deny). No cars are destroyed. No computers or home appliances are lost.
NO REAL WEALTH IS LOST.
Yet hedge fund managers with their credit default swaps and derivatives profit big time, and small investors lose everything.
It is all about REDISTRIBUTION OF WEALTH from the working people who produce real wealth to the few richest elites who inherit massive estates (and networking connections) from Daddy and make their living shuffling papers and opening quarterly investment reports.
As Elizabeth Warren, echoed by Bernie Sanders, have said so often, the system is rigged.
When markets collapse, small investors with 401k’s or IRA’s lose everything (unless they have moved their funds to money market or interest-bearing accounts … just sayin’) while hedge fund managers who have bet against the market with credit default swaps and derivatives profit big time.
When markets collapse, all the losses are merely numbers on paper. No homes are destroyed by market collapses (only wildfires, hurricanes, tornadoes or floods exacerbated by the climate change that Big Carbon profiteers deny). No cars are destroyed. No computers or home appliances are lost.
NO REAL WEALTH IS LOST.
Yet hedge fund managers with their credit default swaps and derivatives profit big time, and small investors lose everything.
It is all about REDISTRIBUTION OF WEALTH from the working people who produce real wealth to the few richest elites who inherit massive estates (and networking connections) from Daddy and make their living shuffling papers and opening quarterly investment reports.