Reddit refuge

  • 10 Posts
  • 1.4K Comments
Joined 1 year ago
cake
Cake day: June 16th, 2023

help-circle





  • The National Guard functions like your Home Guard for the most part. Some states do full time deployment, but it is rare and mainly applies security tasks. States are allowed to have standing armies, but it doesn’t happen because it is usually considered a waste of tax payer money.

    What I expect is that, as the Union military grows, individual European nations will stop operating militaries outside of their home guard. After all, why have a standing army for the country when you are contributing to a standing army for the Union?






  • Using the USA as a model, the federal military maintains the specialized units that don’t have a civilian use along with training the military leadership such that it can absorb a larger army.

    Individual states have active reserve military units (national guard) that have both military and civilian use. For instance, a lot of disaster response activities in the USA is performed by the national guard under state control.

    From that skeleton, the US military can then fill out other units in times of war.

    My guess is that an EU military would follow that structure since it has been shown to work well and the union can’t rely on France to build and fund those specialty units by themselves.










  • Not every sector has.

    What is showing itself as a major weakness in retirement saving is that a lot of retirement account managers think that bonds are relatively safe when they really aren’t.

    The Great Recession went bad because they miscalculated the risk of two unrelated mortgages going bad.

    When Covid hit, the increase in interest rates devalued a lot of bonds, something that wasn’t seen since the 1980’s.

    Most of the people here who are confused by your accounts’ performance probably have a mix of index funds tied to a basket of stocks.