>buys all the real estate.
>goes bankrupt.
>refuses to elaborate.
(media.kotakuinaction2.win)
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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.