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[–] 35 points 10 months ago* (5 children)

I mean, the housing bubble burst and the government pulled 7 trillion out of its arse and handed it back to bankers, doubling the cost of current living from the knock-on inflation. Life went on, and not a single banker (except maybe some lackey in Iceland) was punished. The Rich got exceedingly wealthy after the crisis.

This time: the government will pull 50 trillion from its arse and hand it back to investors. Life will go on, no one will be punished, the cost of living will be a few times higher than what it is now, and the rich will get richer.

My interpretation: the big investors fully expect the bubble to burst and hope to win from the fallout/bailout. It's win-win for them.

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  • [–] 6 points 10 months ago*

    I was wondering about the source for this figure. For the curious, it comes from a private report from an independent consulting firm in the UK called MacroStrategy Partnership. I found this article talking about it, dated 2025-10-3.

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  • [–] 3 points 10 months ago* (3 children)

    True Edit: which government are you talking about with "the government"?

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  • [–] 4 points 10 months ago (2 children)

    Any. If it happened under Obama, it will most certainly happen under Trump

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