ListNook

DarmanitanIceMonkey Mar 30, 2026 +61

it's been accurate and has already happened multiple times this century

61

Chuu Mar 30, 2026 +11

It happened in 2008 to real estate. Much more local, but in the aftermath of Balkin war people swooped into Croatia and bought up the best coastal properties at pennies on the dollar to what they're worth now. When the world is on fire cash is king. That being said the ultra-wealthy are not a monolith, and the statement is kind of a tautology because those who make their fortunes in those times of chaos will take the spots of the ultra-wealthy that lost them.

11

soldat21 Mar 30, 2026 +1

I remember seeing an apartment in the old centre of split being sold for 50,000€ as recently as… I want to say 2016? Now it’s 10x

1

stevedorries Mar 30, 2026 +1

Eat the rich

1

SnoSlider Mar 30, 2026 +1

Again. This has been happening throughout history. It’s how the autocracy has been so well established.

1

intelfusion Mar 30, 2026 +4

This scenario sounds so familiar, doesn't it? History just keeps repeating itself. While people are panicking and fleeing, those 0.5% giants are sitting back, happily accumulating dirt-c**** stocks. It's true that the rich get richer thanks to these kinds of massive economic sales.

4

porgy_tirebiter Mar 30, 2026 +1

Naomi Klein describes all of this in Shock Doctrine. It’s called “disaster capitalism”.

1

Loki-L Mar 30, 2026 +3

# "were f’d" ?

3

ScaredyCatUK Mar 30, 2026 +3

Disaster capitalism

3

NoEducation5545 Mar 30, 2026 +5

that statement is honestly pretty spot on. the rich always seem to come out ahead in crises while the rest of us get kicked while we're down. it's a real bummer for the average person.

5

pain-is-living Mar 30, 2026 +3

If you can weather the storm, you can buy the foreclosures of the poor for pennies on the dollar. Then sell it back to them at a 45% price hike and monopoly level interest in 8 years when the dust settles and people start to get back on their feet. Rinse and repeat every 20-30 years.

3

Peterandrews44 Mar 30, 2026 +5

It’s a strategy used by the wealthy, not sure it’s any great secret. Warren Buffett says it all the time

5

Ok_Understanding1986 Mar 30, 2026 +9

Overstates how much cash extremely wealthy people have. Almost any individual who has attained enough wealth to be top .5% net worth (~$20m+) got there by owning companies or investing extraordinarily well. If the former you may not have so much liquidity, if the latter you’re probably taking a hair cut with the rest of us. All in all yes of course some fortunate folks are positioned to swoop in and take advantage when assets cheapen in recessions but ultimately I think this stereotype is overblown. Contemporary companies driven by private capital are another matter…

9

ZedekiahCromwell Mar 30, 2026 +3

We've seen it happen multiple times in less than 20 years. Wealth inequality grew after 2008 during the recovery. [https://tcf.org/content/commentary/a-tale-of-two-recoveries-wealth-inequality-after-the-great-recession/](https://tcf.org/content/commentary/a-tale-of-two-recoveries-wealth-inequality-after-the-great-recession/) \>The inequality of the economic recovery has been even worse. According to a [Pew Research Center analysis](http://www.pewstates.org/uploadedFiles/PCS_Assets/2012/Pursuing_American_Dream.pdf), every dollar and more of aggregate gains in household wealth between 2009 and 2011 went to the richest 7 percent of households. Aggregate net worth among this top group rose 28 percent during the first two years of the recovery, from $19.8 trillion to $25.4 trillion. The bottom 93 percent, meanwhile, saw their aggregate net worth fall 4 percent, from $15.4 trillion to $14.8 trillion. As a result, wealth inequality increased substantially over the 2009–2011 period, with the wealthiest 7 percent of U.S. households increasing their aggregate share of the nation’s overall wealth from 56 percent to 63 percent. (See Figure 1.) Wealth inequality grew after COVID. [https://www.sciencedirect.com/science/article/abs/pii/S093936252500038X](https://www.sciencedirect.com/science/article/abs/pii/S093936252500038X) \>The central finding of this paper is that the COVID-19 pandemic increased wealth concentration among billionaires, with the growth rate of their wealth as a share of GDP increasing by 38 percentage points compared to the pre-pandemic period. The ultra-rich do not need cash to purchase assets during a downturn (or really, ever). They borrow money against their assets (net worth). So the question is not wrong in principle, OP just used the wrong wealth cutoff.

3

philipp2310 Mar 30, 2026

„Buy ALL the stocks“ is the point. Nobody has any doubt they buy some stock and increase their wealth.

0

ZedekiahCromwell Mar 30, 2026 +1

Hyperbole is a rhetorical device to highlight a point.

1

philipp2310 Mar 30, 2026 -1

You could just have written „I assumed he was using a hyperbole without any real indication“. The you wouldn’t have come over as some „I know it all d***“

-1

Zestyclose-Height-36 Mar 30, 2026 +2

they can only buy what others are willing to sell

2

Inevitable-Fig1748 Mar 30, 2026 +3

There’s some truth to it, people with capital are usually in the best position to buy during crashes. But it’s not as simple as ‘everything goes to zero and they scoop it all up'.

3

spaniel_rage Mar 30, 2026 +3

That it's real "I'm 14 and this is deep" material

3

Intrepid-Today-4825 Mar 30, 2026 +1

All Australians have superannuation which does precisely this by dollar cost averaging

1

IncompleteObjects Mar 30, 2026 +1

Im sure thats part of the plan. If you've already got enough stockpiled, then you can buy up whatever is left from people who are desperate enough

1

EbonyHelicoidalRhino Mar 30, 2026 +1

If that happens a lot of people will lose everything. And yes, those who don't will come out of top. But it's not "The top 0.5%". It's the people among them who were not too exposed to whatever is happening is the world.

1

interesseret Mar 30, 2026 +1

The earth is round, the sky is blue, water makes things wet, and the rich keep being rich. Any more obvious statements needed?

1

BlackBeanGuest Mar 30, 2026 +1

F*** off ai bot.

1

cecepoint Mar 30, 2026 +1

Well that’s definitely what’s going to happen to the farmers. Can look forward to massive industrial farms with zero environmental considerations as they all go bankrupt due to tariffs

1

prawnk1ng Mar 30, 2026 +1

It’s already happened before and will always happen. Rich get richer and poor get poorer

1

Papa-Cinq Mar 30, 2026 +1

How is this any different than the current state of affairs??? These types of hyperbole are ridiculous. The sky is not in fact falling …even as much as Listnookors want to make us all believe it is.

1

Potential_Salt_5780 Mar 30, 2026 +1

This happens during every major crash. Also when their companies nearly go bankrupt the government bails them out.

1

Madi473 Mar 30, 2026 +1

True, it happened during the housing bust just what, 10 to 15 years ago?

1

New-Huckleberry-6979 Mar 30, 2026 +1

It happened during the great depression in the 1900s too.

1

MrOnlineToughGuy Mar 30, 2026 +1

I’m definitely increasing my 457(b) contributions this week.

1

souschefdude Mar 30, 2026

This is why the 'experts' want you to not time the market, but Dollar cost average. This only works if there are idiots buying on the way back up.

0

SnarkyPuppy-0417 Mar 30, 2026 +1

So this is like balancing a Russet potato on 3 toothpicks. The .5% cannot stand on a decimated 99.5%.

1

What are your thoughts on this statement - When everything comes crashing down were f’d, but the top .5% will buy all the stocks, real estate, etc for pennies on the dollar and ride it all the way back up?

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