Bubble

Economics

Welcome to the new dark ages, where only the wealthy can retire

We’re now told that the real question is no longer when we will retire but if we will retire, with the prospect of working until you drop likely to become the norm. Due to an ageing population, longer life expectancy and a state pension scheme that can’t keep up, retirement might soon be a thing of the past. According to David Blake, director of the Pensions Institute at Cass Business School, “the danger now is we will have a generation who really can’t afford to retire”.

Dow Jones Average is a Ponzi Scheme

Unfortunately, Americans invested in the broader stock markets have no idea they are invested in the Greatest Ponzi Scheme in history.  The Dow Jones Average is by far, one of the most inflated stock indexes in the market.  This was discussed in the article Dow Jones Reports Worst Revenues Since 2010, Dow Rises to 20,000 (LOL).

 The

Alliance

Oil & Gas

Grab

Continues

Alliance Seeks Increased Naval Presence to Challenge Russia

This has NATO officials hyping up the idea of a big naval buildup in the Black Sea, which would challenge Russia’s Black Sea fleet. This has the advantage of Russia actually having a Black Sea fleet, albeit not a huge one, though the idea also has serious problems.Chief among those is the Montreaux Convention of 1936, which strictly regulates the number of warships allowed into the Black Sea from nations that don’t have Black Sea coastal territory. NATO’s three Black Sea states are Bulgaria, Romania, and Turkey.The result is likely to be some for-show deployments by other NATO members with real navies for wargames around the area, but with the Montreaux Convention limiting those deployments to 21 days, they aren’t going to amount to a practical permanent force.

 DYI