Economic Manipulation and Wealth Concentration
🏦Ten of the last eleven recessions in the US started during Republican presidencies, with every major tax cut followed by a recession due to money flowing to the rich and cutbacks in government services.
💰Billionaires potentially run a "pump-and-dump" scheme by manipulating stock prices through strategic buying of puts/calls and announcing/suspending tariffs, exploiting insider knowledge of presidential actions.
📉Economic disasters serve as an excuse to cut taxes for the wealthy under the pretense of stimulating growth, as seen with Reagan, George W. Bush, and Trump.
Profiting from Economic Downturns
💼Recessions are huge buying opportunities for the ultra-rich, allowing them to acquire stocks at discounted prices while middle-class families are forced to sell.
📊In 2020 alone, billionaires saw their wealth increase dramatically: 54% globally, 62% for American billionaires, and 27% average increase worldwide.