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[–] 4 points 1 year ago (1 child)

Rich people (top 10-20%) are either financially smart or have financially smart people advising them. They will be well diversified in all asset classes. And will have a lot of liquid capital ready to buy after the bubble bursts. And also keep themselves fat and well fed. The wealth transfers up.

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  • [–] 3 points 1 year ago

    You are of course right as enough market crashes and crisis have shown.

    In the end it will have to be too miserable for a large percentage of the population with enough freedom to resist. Sadly governments everywhere are working very hard at mitigating the possibilities of resistance.

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