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If you are planning your life around putting money into assets tied to the imperial core e.g. housing and retirement how do you feel abt the entire financial system being a giant bubble (lemmy.ml)
submitted 1 year ago by [B] to c/asklemmy@lemmy.ml
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If you think this started with Silicon Valley that's a mistake

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[–] 6 points 1 year ago* (1 child)

The problem is that they kept propping things up and mitigating losses from those with wealth, i.e. protecting boomers.

Recessions hurt, but they are historically a natural method of wealth redistribution. In a recession, people with stuff lose much more than the people without stuff, and then on the way back out the people without stuff now have a better chance to capture some of that wealth.

Same for war. Historically speaking.

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  • [–] 9 points 1 year ago

    Kind of reminds me of how our 100 year long strategy of putting out all forest fires as soon as the first spark erupts, has lead to large buildups of brush and growth, that under normal circumstances would have been burnt back, sparing the large trees and forest as A whole… but now provides so much fuel, that any fire now is not only an unstoppable force, it also kills any and every thing leaving the forests irrecoverable.

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