Every major crisis is accompanied by liquidity release — 2008 was like that, 2014 was the same, and 2020 remains so.

There is a harsh truth behind this pattern: the essence of liquidity release is wealth redistribution. Those who get the money first see their assets rise first.

The data after the 2008 financial crisis is quite interesting — the number of global millionaires not only did not decrease, but actually increased. Wealth became even more concentrated. Why is that?

The answer is actually very simple. The wealthy understand a fundamental principle: crises are discount seasons. When most people are panicking, they are actually collecting assets at low prices — cheap real estate, land, high-quality corporate shares, they buy everything. When the rescue policies truly come into effect and money starts flowing into the market, these assets that were laid out at low prices will rebound first.

Profits are thus quietly transferred into the pockets of a few. Smart people understand this game and repeatedly exploit it.