Why would anyone pretend to be surprised when the most corrupt POUTUS in US history anticipated "earning" massive profits from an economic crash that cost 8 million Americans their homes?
https://www.amazon.com/Homewreckers...italists-Demolished/dp/0062869531?tag=usmb-20
"Two years before the housing market collapsed in 2008, Donald Trump looked forward to a crash: 'I sort of hope that happens because then people like me would go in and buy,' he said."
"KIRKUS REVIEW
"A tale of greed and corruption involving 'corporate landlords' who 'drove a generational transfer of wealth from hundreds of thousands of individual homeowners to a handful of well-heeled bankers and titans of private equity...'"
"The author spotlights a variety of contemporary robber barons, including Donald Trump before he was president; Trump’s father, Fred; Wilbur L. Ross Jr. before he was the Secretary of Commerce; and Steven T. Mnuchin before he became Secretary of the Treasury.
"Glantz’s impressive research leads him to portray each of the tycoons as morally bankrupt and utterly without compassion for homeowners who lost their property."
It's bad enough that vulture capitalists like Trump, Barrack, Schwarzman, Ross, and Mnuchin found ways to profit from the fraud the created the Great Recession; what's even worse is that they are now is positions to create new financial products that could make the wealth transfers of the biggest economic downturn since the Great Depression permanent.
Too Much Winning or Drain the Swamp?
This is why people with your ideology stay poor.
The solution is to learn from those who become wealthy, and do the same. Not stand around crying like a pathetic toddler, that smarter people are not doing stupid stuff like you, and ending up poor like you.
Whether Trump made millions off the crash or not, doesn't really make a difference.... does it? If Trump didn't, someone else would. Crashes are where the money is really made. It always has been.
Warren Buffet, famous long time Democrat.... I can't find the exact quote anymore, but it went like "In order to buy low and sell high, you first need to buy low".
All wealthy people do this. That's how you become wealthy.
You want a quick run down of how to be wealthy? I'll spell it out. You save money in the bank, and keep saving. Then someday there WILL be an economic recession or decline. All economies go through cycles. This is normal, and will happen whether Trump, or you, take advantage of it.
Then when the recession happens, you go out looking for deals. Find a home that someone else is selling for way cheap, and buy it for cash. Rent it out a few years until the recession is over, and sell it for a huge profit.
It is literally that simple, or that complex. You can do this with anything, and at any income level.
Right now my IRA is valued at literally double the amount of money that I put into it. The reason is simple. In 2008, when everyone was selling their stocks, I was buying them. I dumped every single spare dollar I had, into my stock investments all throughout 2008. We had an old guy at work, who sold off his stock at the end of 2008. He lost 1/5th of the value of his retirement. Meanwhile I doubled my money.
I did what Trump does, and other wealthy smart investing people do. That old guy, did what foolish people do.
I doubled my money, and he lost hundreds of thousands.
And whether or not Trump made money during the recession, what difference does that make to you or anyone else? Even if Trump had not made a penny, it wouldn't have helped anyone that was foolish with their money. So what difference does it make?
No mater what Trump does, it won't change anything in your life, if you are foolish with your money. So all you are doing is basically complaining that other people are not foolish. Well... how about you stop being a spoiled brat. How about you wish the best for other people around you, instead of being an envy driven jerk?
