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Reply #16: If I may presume to answer for the OP. [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
Greyhound Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-22-08 06:04 PM
Response to Reply #5
16. If I may presume to answer for the OP.
The ruling class has wealth on a scale truly incomprehensible to the human mind. The loss of, say 40% of total worth, still leaves far more than can possibly be spent. Even a 'tiny' fortune of $50 Million would leave vast wealth.

Depression causes a downward spiral in prices and wages simultaneously so any asset can be bought for a few percent of its true worth.

The depression (or whatever they decide to call it this time) is just a part of the artificially created boom-bust cycle and the ruling class comes out the other side with assets worth 10, 20, 100 times what they paid for it.



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