There are still plenty of assets they can buy up around the world. Their goal would be to move their liquidity into physical assets as the dollar devaluates. Then they’ll wait for people and companies in the US to start letting go of their assets that they can no longer afford to hold, and swoop in to scoop them up on the cheap. They don’t need to personally move to a different country. They don’t expect the whole house of cards to come crashing down here, they expect that the system will stabilize and keep chugging along after the crisis blows over.
They can buy assets but they can’t move. That’s why they are fighting so hard to hold onto Isn’treal, and why none of the really big players is actually willing to go there. They know, without the US military, it’s all over. No where else in the world can protect them. They are trapped here. They can buy up assets all they want. They can turn the US into a kingdom of feudal landlords, but they cannot just up and run. Too many of these oligarchs rely on the military power of the US and it’s nuclear arsenal to protect them from judgement of all the awful shit they are behind. They know, outside the US, there days would be numbered
Because even if they had a safe haven, and could go live like kings, without the US to suppress it, global socialism would take off, and it would catch up to them one way or another.
Right, but I’m saying they don’t need to move. What they care is that their wealth is protected. The only real threat to them is a full on societal collapse where the social contract becomes nullified. Their bet is that they can manage the crises in way that avoids the whole system from imploding on itself.
There are still plenty of assets they can buy up around the world. Their goal would be to move their liquidity into physical assets as the dollar devaluates. Then they’ll wait for people and companies in the US to start letting go of their assets that they can no longer afford to hold, and swoop in to scoop them up on the cheap. They don’t need to personally move to a different country. They don’t expect the whole house of cards to come crashing down here, they expect that the system will stabilize and keep chugging along after the crisis blows over.
They can buy assets but they can’t move. That’s why they are fighting so hard to hold onto Isn’treal, and why none of the really big players is actually willing to go there. They know, without the US military, it’s all over. No where else in the world can protect them. They are trapped here. They can buy up assets all they want. They can turn the US into a kingdom of feudal landlords, but they cannot just up and run. Too many of these oligarchs rely on the military power of the US and it’s nuclear arsenal to protect them from judgement of all the awful shit they are behind. They know, outside the US, there days would be numbered Because even if they had a safe haven, and could go live like kings, without the US to suppress it, global socialism would take off, and it would catch up to them one way or another.
Right, but I’m saying they don’t need to move. What they care is that their wealth is protected. The only real threat to them is a full on societal collapse where the social contract becomes nullified. Their bet is that they can manage the crises in way that avoids the whole system from imploding on itself.