The economic policies initiated before COVID, particularly after the repo market instability in late 2019, set the stage for significant shifts during the pandemic. Key figures, including those from the Trump administration, engaged in rapid policy changes that favored financial institutions over grassroots support. Amidst lockdowns and minimal economic activity, substantial funds were directed to asset managers like BlackRock, who predominantly invested in financial assets, thereby exacerbating wealth inequality. The top 1% reaped immense benefits from these policies, while the majority faced economic challenges and inflation, highlighting the far-reaching consequences of the wealth transfer initiated during this period.

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