Why should billionaires worry about a plummeting stock market? If stock prices go down, billionaires can buy stocks cheap and massively increase their control and eventual profits.
Why should billionaires worry that tariffs will hurt farmers? The more independent farmers go out of business, the more land will be available for corporations to buy, giving them increased control over food supply and prices.
When certain crypto "meme coins" came on the market, there was a rush to buy, Big Money cornering the market and sending the price soaring--after which the “smart” “investors” sold at the high price to the gullible hordes whose “investments” promptly plummeted.
A little recession? Billionaires will be able to weather it easily, knowing they will benefit from it in the long run. How about you?
A day later, I'm coming back to clarify. The big take-away here is not that billionaires are insulated from recession by their wealth. As a friend of mine says, that’s always been true. What’s more important to see is that engineering a recession, however much it hurts the general population, can be so greatly in the interest of billionaires that while the general population is continually distracted by a nonstop flood of non-monetary issues, the financial rug can be steadily pulled right out from under them by the billionaires.
