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There were two stunning developments after I pointed this out. The first is that Denmark has approved Nord Stream Two and there is a Ukrainian troop pullback from the Russian areas of Donbass and Luhansk. This should pave the way for the removal of sanctions on Russia. Russia understands, of course, that this is solely to do with Russia’s ability to control the Strait of Hormuz through Iran, and should it lose that, the West would lump Russia together with China as they did when Mao and Stalin joined hands. This has to do with geopolitical power and has nothing to do with morality — that ceased to be a factor over 250 years ago in European politics when the Trotskyites took over the world financial system in Frankfurt. As for China, we built them up to oppose Russia, and it was their alliance with Russia in 2014 that is responsible for the U.S. moves against China. China saw the U.S. wanted to destroy Russia into 50 countries. That would make China utterly dependent on the seas for their natural resources and thus a slave to the U.S., and it could not risk losing the Russian natural resources to end up a subordinate power on their own continent.
Beware These Retirement Spending Mistakes Common Financial Pitfalls The bulk of retirement planning is spent discussing how you will save money in the years leading up to the end of your career, but that’s only half of the picture. Once you enter retirement, your focus shifts to the smartest way to divest your money for both your own enjoyment and your continued financial security. There are countless ways to wisely spend your nest egg, such as taking trips, providing for the education of your grandchildren, and more. However, this article isn’t about good ideas. Instead, let’s talk about some of the worst ways to spend your retirement funds. Timeshares The appeal of a timeshare seems obvious. It’s a space of your own for a few weeks of the year, and you get to enjoy a nice change of pace from your regular environment. The problem is that these properties are full of hidden costs and have been outpaced by other vacationing options. In a world where you can book an Airbnb with just a few clicks, timeshares are poised to become a relic of a past age. Online Scams Hackers and cyberscammers love to prey on the elderly. As gross as it may sound, they know that older generations tend to be less tech savvy than their younger counterparts. You should be wary of online offers that look too good to be true. If you have even the slightest doubt, have a loved one take a look at the offer to ensure you’re not being scammed. Never provide your private financial data to a source you don’t absolutely trust. Tchotchkes Many of us have walked into the house of an older relative to find a room full of American Girl dolls or a display case of Candlewick glassware. Collecting can be a rewarding hobby when done in moderation, but amassing junk simply for its own sake is a waste of money and space. Make sure you’re acquiring objects because you truly want to treasure them. Rushed Relocations In general, real estate-based purchases can be extremely beneficial for retirees. The exception to this rule is a spur-of-the-moment relocation
in order to be closer to your family or a retirement community. Because real estate transactions are so expensive, it’s best to approach them with extreme care and due diligence.
3 www.DandrewPartners.com
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