A record 4.3 million Americans quit their job in August. Is a global economic catastrophe incoming?

submitted by casparvoneverecBig tiddy respecter from self.debatealtright

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[–]NeoRail 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

Depends on what you mean by "global economic catastrophe". I cannot image a scenario where the ultra rich allow their own wealth to be destroyed. A collapse in living standards, labour and industry, on the other hand, is a totally different matter.

[–]TheJamesRocket 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (1 child)

I cannot image a scenario where the ultra rich allow their own wealth to be destroyed.

Their wealth won't be destroyed in an dollar collapse, because their wealth isn't tied up in dollars. The Elites use foreign currencys, stocks, bonds, and precious metals. If the.collapse is limited mainly to the U.S., it won't hurt them at all. In fact, it will help them because they can leverage their access to foreign currencys and buy up assets for pennys on the pound. The Elites will end up owning everything. Thats the essence of NeoFeudalism.

[–]casparvoneverecBig tiddy respecter[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Exactly. That's the plan. They have most of their wealth in stocks, real estate, or precious metals. They're not dependent on dollar savings. If the dollar crashes and millions go penniless, they can buy property with pennies on the dollar. All houses will be owned by Blackrock and co, and you'll have to rent from them. You'll basically have to rent everything and be fully dependent.

It's a controlled demolition meant to snuff out the middle class and render the whole population into penniless serfs who are dependent on day-to-day cheques and won't dare voice dissent with the system.