Banks aren’t net purchasers of assets in downturns. (If anything, they tend to shed risk-weighted assets.)
Non-bank financial firms, who have access to cheap financing, but NOT to Fed funding, are the asset accumulators. They go into crises with cash or credit lines. (And tend to be net financiers to banks in crises. Banks go into crises levered. If you depend on bank financing in a crisis, you’re screwed.)
There were some high profile cases of people taking millions of dollars of loans and running away (search for Neerav Modi, Mehul Choksi) so I am not making this up.
Consider finding opportunities to extract value from the existing banking system to achieve similar end goals. Maybe the Fed will lend to you if you can provide collateral they typically wouldn’t consider high enough quality? (Google “primary dealer lending facility”)
DKSB - Dunning-Kruger State Bank
And hopefully utilize those profits to help fewer suffer.
And, now that that exact pandemic is underway, he’s kind enough to offer us ID2020[2], which he has been working on for some time now, coincidentally just in time for the pandemic; invisible tattoos so that our vaccination status can be tracked, to help prevent those who don’t want to take part in this scheme from having access to business resources, etc.
It’s funny; it’s almost as if Bill Gates can see the future. He really is amazing.
GM lost the American taxpayers north of $10MMM. That was enough to purchase over 500,000 vehicles at the time. 500 fucking thousand vehicles. That’s just the amount of money that they lost us with their “good Bank bad Bank” style IP-related scam. Do you think this is not reason enough to be cynical during financial crises?
Why didn't you write 500M cars as well? Could it be that it's a stupid convention?
> which gives you and them the opportunity to make billions in profits while everybody else is suffering.
Strikes me as shitty attitude, "here's how you can profit from everyone's dire situation".
This skill allows you to lend to your buddies who can purchase distressed businesses and properties for pennies on the dollar, which gives you and them the opportunity to make billions in profits while everybody else is suffering.
I’m still trying to learn how to do this; if anybody has any information about what’s required, please reply.