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Joined 10 months ago
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Cake day: January 11th, 2024

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  • Did you read this? This article is about the pro-Russian separatists’ conscription of Ukrainians to fight for Russia.

    From your source:

    The Guardian recently reported that men in the Donbas region in eastern Ukraine are being forcibly conscripted into the armed forces of the self-declared Donetsk Peoples Republic (DPR) and Luhansk Peoples Republic (LPR).

    From the Gaurdian article they’re referencing:

    Pro-Russia separatist forces have stepped up the forced conscription of men – including Ukrainian passport holders – in occupied areas of the Donbas region, amid mounting evidence of the scale of losses on the Russian side.

    According to credible evidence from the region, forced conscription – already a feature of the Russian-backed separatists’ rule before the Kremlin’s invasion on 24 February – appeared to have picked up again in June, with checkpoints and patrols, some reportedly involving Chechen fighters allied to the Kremlin, on the lookout for men to recruit.

    From another article cited by your source:

    Russia justifies its invasion of Ukraine arguing it is defending the “Luhansk and Donetsk People’s Republics.” Mere days before Russia launched its attack, when tens of thousands of Russian soldiers had been amassed on Ukraine’s border, these self-proclaimed “People’s Republics” beyond Kyiv’s control launched major mobilization drives. Men between the ages of 18 and 55 are no longer permitted to leave.

    Even if Ukraine is using conscripted soldiers, you just proved that A) pro-Russian forces are doing the exact same thing and B) you don’t even look at the articles you’re sharing.



















  • I mean, if the payout is so low that it’s not worth keeping in the market, then it’s not going to have much of an impact on the S&P 500. I’m sure many Millennials (focusing on them, since they’re most likely to lose parents) will use the money for a down-payment on a home, but 52% of them already own homes, and many Boomers will be leaving behind their own homes, so it’s safe to say substantially less than half of them will need to cash out their parents 401Ks for homes. Student loans will probably take up some of that money, but the average student loan debt is $32K, while the average boomer has about 200K in retirement savings, so even the student debt crisis isn’t going to take that much money out of the market.

    The real thing to watch is medical costs. Boomers are living longer while medical costs are skyrocketing, so it does seem that a lot of the wealth the Boomers accumulated is going to medical industry instead of Millennials. I don’t know hoe that’s going to impact the market though.