People are probably already getting whiped out by it and they don't have a clue it's happening. Phil from A Different Bias lays it out, noting that at least as far as Elon's massive theft is concerned, this starts in the United States by them changing the rules, calling their plan to rob us all "deregulation."
SpaceX IPO Disaster: Pension Funds Are Getting Wiped Out
I don't recall which Democratic politician pointed out a few days ago that for the majority of Americans, we are already in an economic depression, just one that hasn't yet decayed into what is coming. I remember hearing my grandparents and mother talk about how that happened to their family in the 1920s, a working farm family in which my grandparents had to already find low-paid factory work even before the official crash. I'd guess we are in the late part of that stage in the depression that's coming.
And, as then, the news media, back then newspapers and magazines with a tiny little bit of radio, were pretending none of that was going on. This is going to make the 2008 crash look like a little bump, the theft is even more obvious now as is the grotesque irresponsibility of the government and the courts.
This is what Milton Friedman and his ilk have brought us to. I could see this coming as soon as PBS put on that series in which that con man sold the country on neo-liberal economics back in the 70s. My response was that I immediately stopped giving money to my local "public TV station."
About the only idea that Friedman pushed that wasn't a disaster was back during the depression and into WWII when he was working for the government and he came up with the idea of withholding taxes. When THAT was in his own economic self-interest. After that lying on behalf of the rich was in his own economic self interest. That's what his field pretty much is in most cases.
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