Most enter too early, and loose big time - like those buying Greek bonds at 70%, now valued at less than 50%, and likely to get marked down to 20-30% before it is over. One only hears about (and envies) the lucky few who manage to buy at the bottom, and do well = the dirty dogs, not the unlucky many who risk and loose, but serve their part in cushioning a decline. May the saints protect and preserve them, any economic system would instantly fall apart without an abundance of these risk takers.
It is not a rule that assets in a troubled area will be reduced to pennies on the dollar, or recover quickly, and it is a brave soul that picks a spot to commit an investment in a sharply declining market. Sure they rationally expect to win. But they are not to be disdained should they happen to get lucky, and/or choose their entry point wisely, or not. (See MF Global)
Nooo, I don't think it's a bad thing! In fact, I buy and sell distressed commercial real estate. As you brought up in your good points, that's how the market works. My point was that Jones was saying that the mega-banks created or fueled the Greek crisis on purpose knowing they would get bailed out and then could swoop in and buy up billions in Greek real estate and other assets ultra-cheap.
Did that really happen? I would have no way of knowing but I sure don't trust the big global banks and financial institutions after what I've seen in the last few years. There are probably lots of Soros types out there wrecking countries for profit. Alex Jones is worth listening to just for his anti-globalist rants. He really gets wound up!