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szaba_the_hut

14,155 Posts.

705

14/05/20

19:19

Post #: 44626594
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Originally posted by Menta: ↑

A global economic depression would see the wealthy desperately selling their stocks, bonds, commodities & properties just to try and keep their own businesses and their own homes from bankruptcy. This means dumping ALL assets, both domestically and internationally, during a time with a deluge of panicked sellers and few if any buyers (eg. during a global stock market crash, credit crisis, debt deflation and bond & housing market plunge).

In such an environment the wealthy have much more to lose than the working class (at least they can reply on social security). So while the poor remain poor, and the middle class joining them, the rich would be wiped out and won't be able to find buyers for their luxury properties, fleet of super cars, expensive artworks and jewels, fine wines and luxury handbags (and you can't eat gold either). Simple...this is the dawning reality of a deflationary depression which will ultimately restore economic equilibrium and prove to be the historic 'Great Leveller'.

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If you were wealthy and had the means to choose any country in the world in which to live where would you rather live ?

Singaporeans purchased a few farms for sale near me sight unseen at top dollar no questions asked in the last month........
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