When it comes to shipping weapons to countries like Ukraine and Taiwan, money is no object. Billions of dollars are freely flowing. Meanwhile, Americans are lacking for basic needs like running water. In Jackson, Mississippi, there’s still no sign that residents will have clean water anytime soon.
Need Help in the United States? Pretend You’re in Ukraine
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And then there’s the growing, um, army of retirees whose 401ks are tanking due to the Ukraine-related stock market crash…..nothing like losing your financial support and being old enough to know you’re going to die soon anyway to motivate people to desperate action….maybe.
I’ve been saying for, oh, about 15 years now, that as more people retire, they’re all investing in the same stocks. And since the upcoming generation (Gen X, which got stabbed in the back on everything by the more contemptible members of the boomer cohort) doesn’t have the money to invest, no matter how “secure” those investments might be presented as, the markets will fill with people all selling at the same time. So those stock prices will decline, leading to people putting even more stocks on the market. That’s in a best-case scenario.
I find it fantastic that no one — if there are articles, I’d love the links — is writing about what will happen to all the global markets if Putin sets off a couple low-yield A-bombs in Ukraine. Not a full-scale war, just a couple A-bombs from Putin followed by a really, really stern op-ed by NATO/Biden. I may actually get out of having to finish paying off my student loans after all.
Because I think our globally linked world is about to come apart at the seams.
Coming apart at the seams, yep….as for A-bombs in Ukraine, I think that’s unlikely, as Russia is downwind from Ukraine, but the west is definitely pushing for a confrontation, which it is likely to lose, and yeah, if you think a 20% drop in one year is bad, you ain’t seen nothin’ yet.