Louis Gossett Jr
Well-known member
- Joined
- Sep 4, 2012
- Messages
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Yeah those people definitely have a direct say in their pension allocations.
Public pensions are managed by the financial sector to pour money into maximizing gains for whatever shit wealthy people get themselves into.Public pensions are allocated 10-15% to commercial real estate. That's the largest investment allocation of all institutional investors in the space. So I guess all those wealthy firemen and school teachers seeking gains are really out to screw everyone else.
Fixed it for you.I don't have a real point.
Exactly. You have nothing but a cheap joke.Fixed it for you.
As noted earlier, a credit crisis is a pretty obvious way all our lives could be materially affected. NVM the fact the average investor likely has exposure to the space. We don't live in a vacuum, much as Ph (and apparently others) want to delve into the realm of pretend worlds.Still has not found a way that some investors losing money in one area that they invest in could materially affect our lives.
Seems like we’ve been through a ton of these “crises” and not much has changed. It gets managed.As noted earlier, a credit crisis is a pretty obvious way all our lives could be materially affected. NVM the fact the average investor likely has exposure to the space. We don't live in a vacuum, much as Ph (and apparently others) want to delve into the realm of pretend worlds.
With a whole lot of damage in the process.It gets managed.
Sounds like you want to move to rural Montana with a pile of seeds and some cattle, squat on some land and avoid contact with the broader world.DeacMan, you need to read again. My point is that we don't live in a vacuum and that's a problem.
The "damage in the process" is a consistent feature of our economy. It's not a reason for us to prop up your wealth. It always comes down to paying your bills and picking up your losses or else.
Yet you're the one saying a credit crisis will "get managed" with no ill effects.Privatize gains, subsidize losses. Vague threats of bad things happening if we let the investors lose money. So fucking stupid.
There's always ill effects. The economy doesn't work for the vast majority of people.Yet you're the one saying a credit crisis will "get managed" with no ill effects.
Hey, an acknowledgement!There's always ill effects.
Of course not.
We must be talking about different ill effects. I'm talking from the standpoint of a regular person who works for a living. You're talking from the standpoint of a wealthy investor.
Why would someone like you not allocate something to BTC? How can you, of all people, say "of course not"?