Your 401k makes $1. The elite gain $1000000.
Most people depend on 401ks for their retirements now so wall street affects almost all of us. Pension funds are invested also and good chunks of them are in real estate. It isn’t just “elites”.
postmateDumbass@lemmy.world 1 year ago
SmoothIsFast@citizensgaming.com 1 year ago
Your s and p 500 is not filled with corporate real estate bonds, the hedge funds shorting and pumping the market are using these bonds for collateral to play the opposite side of your investment. Stop acting like this has a negative effect on the general populace. If anything it would be a boost to the regular folks as those short the s and p would lose collateral and have to buy back in on their short positions, increasing the return of 401ks and the like. It harms the most enriched funds that short almost everything in our market after supplying unlimited VC funding to inflate the companies value before IPO. This particular problem is squarely an elite problem not a general one ffs.