“That’s how capitalism works”!!
Has he been scrolling r/antiwork and r/collapse, signing in at the Bear of Hex, keep a copy of the Communist Manifesto bedside?
Is this just a joke?
On a serious note, if it’s not, how far are the puppets in government prepared to go in what could be a cataclysmic moment of comeuppance for the Economic Terrorists of Wall St?
Remember when banks used to hold people's money and made a small profit off of investing it very conservatively. There were completely separate financial institutions that were not legally banks that did all the risky investing stuff. Then both of these started bleeding into each other because fin-tech was a productive and profitable sector for the future of global capitalism or something.
It's pretty funny that the Fed did this very obvious class warfare signally about raising rates, and all the folks that are supposed to understand this stuff super well and respond to the changing situation with their piles of wealth and bets are getting caught in the rate trap now. This supposed to be simple class warfare, but because all these folks are idiots, they are doing friendly-fire all over the place.
There's a lot more of us than there are of them, so the friendly fire (while absolutely hilarious) is no great consolation.
But then again, there's a lot more of us so we can [REDACTED].