>buys all the real estate.
>goes bankrupt.
>refuses to elaborate.
(media.kotakuinaction2.win)
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It takes skill to fail this hard.
And on a side note, this is why I have been adamant that you cant beat "Get woke, go broke" forever. You can use all kinds of tricks to prop up the money and try to keep it going...but eventually someone is going to run out of money to keep the music playing. And losing trillions in a few months will do that to you.
I doubt a company that big and well connected fails.
For one, that's not even 20% of their assets according to the article.
My guess, they'll either get bailed out or dump the losses on their clients. And it won't be the big, powerful clients with whom they go golfing. It'll be regular people's pension funds.
Blackrock will be fine. Small investors will get stuck holding the bill.
The government "owes them one" anyways because of their "service" buying shit (with money the government gave them) around 2008.
Here's the thing:
Either long-term, it collapses. Or, communism/central planning is a viable system. If you don't believe that communism/centrally planned economy is viable then you HAVE to admit it will fail eventually.
This sudden dip might not be the end, but an end is definitely coming.
Question is how long does "eventually" take? Can we afford to wait that long?
They have more money than most countries. Their globalist friends are going to prop them up. And the central planner is always the last to fail.
They'll be around for a long time and when they fall they'll take everyone else with them.
This true, unfortunately. I would much rather have it out now and be done with it that leave this kind of mess for future generations.
The trick is that they lost clients money not their money..
I hold blackrock etfs. They are making me money. shrug
The whole market is down so this is not surprising. Maybe its the stock market that lost everyone's money.
Never. These purchases go to China. That was always the point.
It's already starting. Expect it to drop by a minimum of 30% over the next 5 years.
When real estate crashes, it doesn't happen all at once on a single day. It just doesn't fucking stop falling year after year after year without anyone able to do anything about it. It's a slow lumbering beast.
Frankly, I'm betting on a 50% to 80% drop in prices (disregarding inflation in that calculation obviously).
I want this to happen so badly. 30% drop would be great, 50% would be absolutely amazing. Feels like I'm rooting for a lot of people to suffer so I can't help but feel a bit guilty but houses have absolutely zero business being so expensive.
It's called a correction for a reason. The prices are just wrong. All those people's pension funds were already gone.
Buying a vacant house is actually pretty cheap! You can get a vacant house for only (checks AR-15 prices) $1,200!
Losing printed money, to advance globohomo ideology is ... the leftists' groomer end-game.
Press F for my 401(k).
ESG not going according to plan ?
Globalism is their strength and weakness. Most of the world dont love faggotry, thug behavior and forced diversity.
Literally only places are twitter, reddit and urban cities/capitals.
I bet its gonna default to the government or banks somehow, which I'm assuming is part of their plan.
They didn't lose money, they redistributed it.
Those investors were privileged, they needed to lose their money.
Money funnelling.