President Donald Trump insisted he loves inflation caused by his war in Iran and claimed he tanked the stock market on purpose.The 79-year-old president spoke to reporters Wednesday in the Oval Office, where he was asked about year-over-year inflation hitting a three-year high of 4.2 percent last mo...
Inflation actually benefits those who are in major debt.
Yes, but you have to look at the bigger picture: most ultra-wealthy people do not keep the bulk of their wealth in cash. Instead, their wealth is largely invested in assets such as shares, which can rise in value over time. When they need cash, they can often borrow against those assets rather than sell them
They have people whose job it is to shift the wealth around according to the current situation. They are unlikely to suffer with the rest of us.
Take Corona: the super rich got much wealthier while we and the economy went down.
And it’s about to happen again. Crashes are always beneficial to the wealthy. But I doubt we come back from this one.
Just as they intended