Tag Archives: Scandanavia

Scandinavian Governments Announce “Covid Is Over,” Israel Announces the Vaccine Doesn’t Protect, by Paul Craig Roberts

In a world of free immigration, a lot of Australians and New Zealanders would be headed to Scandanavia. From Paul Craig Roberts at paulcraigroberts.com:

I have had confirmation of my report last Saturday that Norway has terminated all Covid restrictions ( https://www.paulcraigroberts.org/2021/09/25/norway-has-the-opposite-covid-policy-to-the-us-uk-and-eu/ ).  I am uncertain whether it is an immediate termination or the beginning of a phase out.  Norway’s equivalent to the CDC has downgraded Covid-19 to a strong flu. There will be no Covid passport.  In Sweden Covid restrictions are scheduled to end this Wednesday September 29. The Danish government decided two weeks ago to end Covid restrictions.  The President of  Croatia has also declared: “We will not be vaccinated anymore.”  ( https://www.youtube.com/watch?v=cXTGgup_Yto )  Have you heard any of this on CNN, NPR, MSNBC or read it in The NY Times?

How do we explain Scandinavia  and Croatia going the opposite direction to the EU?

It is a known fact the the EU government is authoritarian, not democratic.  Power rests in an unelected Commission.  As Covid restrictions are a boon to authoritarianism, perhaps the Scandinavian governments have decided against that direction.

The Scandinavian position is also totally different from the US one where the CNN-NPR-MSNBC-NY Times lie machine and Big Pharma shills such as Fauci, Walensky, and the White House Idiot continue to push for mask mandates, vaccination of children, booster shots, and firings and lockdowns if there is public resistance to any more inoculation.

The lie machine keeps turning out propaganda that adverse reactions to the vaccine are new Covid cases among the unvaccinated, that the vaccine protects despite requiring endless boosters and that if it doesn’t protect it still reduces Covid mortality, that 1,000,000 American children have Covid, and every other lie they can concoct to drive people into more injections. Is profit the only motive?  Probably not. Elite Americans are the largest audience at the World Economic Forum’s “Great Reset” indoctrinations.

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Socialism Never Works, by John Stossel

Once you shut down economic freedoms you inevitably have to shut down political freedoms. From John Stossel at townhall.com:

Socialism Never Works
Source: AP Photo/John Bazemore
 

Last week, I reported on two myths about socialism. My new video covers three more.

Myth No. 3: Socialism works if it’s “democratic.”

As the Democratic Socialists of America put it, “Society should be run democratically — to meet public needs, not to make profits for a few.”

Sounds nice. If socialists are elected, then we’ll have a more just society.

But Venezuela’s socialists were elected.

“They can start off democratically elected,” says economist Ben Powell, director of the Free Market Institute at Texas Tech, but “once they centralize control over the economy, it becomes impossible to ‘un-elect’ them.”

Hugo Chavez was elected but became an authoritarian who chose his successor, Nicolas Maduro. Maduro now gets “elected,” by having opponents arrested and “ordering state employees to vote for him or they lose their job,” says Powell.

“Socialism always becomes authoritarian?” I ask.

“Everywhere you try socialism, that’s what you get,” he replies. “It’s hard to exercise political freedom if you don’t have economic freedoms. If you’re dependent upon the state for your livelihood, you lose your ability to use your voice to oppose (the state) because you can be punished.

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The Race For Arctic Oil Is Heating Up, By Tsvetana Paraskova

The Arctic has a lot of oil under it, and several nations are jockeying for it. From Tsvetana Paraskova at oilprice.com:

Despite climate concerns and environmentalist backlash against exploration for oil and gas in pristine sensitive regions of the Arctic, companies continue to explore for hydrocarbon resources in the Arctic Circle, in Russia and Norway in particular, digging exploration wells in Norway’s Barents Sea.

Those companies lead the development efforts to tap more Arctic oil and gas resources as legacy oil and gas fields both offshore Norway and onshore Russia mature.  

Russia’s biggest energy firms Gazprom, Rosneft, Novatek, and Lukoil, and Norway’s oil and gas giant Equinor, as well as Aker BP and ConocoPhillips, are the top oil and gas producers in the Artic region, data and analytics company GlobalData said in a new report. Gazprom is the undisputed leader in Arctic oil and gas production, followed, at a long distance, by two other Russian firms, Rosneft and Novatek, GlobalData’s estimates show.

Russian firms are ramping up exploration in Russia’s Arctic, while Equinor and other Western companies drill exploration wells in Norway’s Barents Sea, hoping for a significant discovery that could add to the Johan Castberg oilfield—a massive discovery which was made in 2011, but which hasn’t been replicated in the Barents Sea so far.

Yet, both Russia and Norway face specific challenges in getting the most out of their respective Arctic oil and gas resources.

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The Soft Underbelly of Scandinavian “High-Tax Happy-Capitalism”, by Charles Hugh Smith

With enough debt, anyone can be happy…for a while. From Charles Hugh Smith at oftwominds.com:

Central planning based on central-bank inflated debt-asset bubbles works until it doesn’t.
A media mini-industry touts Scandinavia’s “happiness” as the result of its high-tax, generous welfare state-capitalism. This mini-industry conveniently fails to report the soft underbelly of Scandinavia’s “High-Tax Happy-Capitalism”: The high-tax, generous welfare model is just as dependent on unsustainable credit bubbles as every other version of state-capitalism.
The glossy surface story goes like this: state-capitalism creates a happy, secure society if taxes are high enough to fund generous social welfare benefits for everyone. People are happy to pay the higher taxes because they value the generous benefits they receive.
The story has an implicit message: every state-capitalist society could become happy if only taxes were raised high enough to fund generous social welfare for all. There are many versions of this narrative, for example, the appealing (but financially impractical) “tax the robots” funded Universal Basic Income (UBI) that I have repeatedly debunked.
Put another way: state-managed capitalism works just great if high earners and companies pay high enough taxes to fund a rebalancing of wealth and income via social welfare transfers.
The reality is quite different from this glossy PR narrative. The Scandinavian economies have pursued the same unsustainable debt-bubble “fix” for their structural insolvency as other state-managed nations.
As the charts below reveal, the “happy” Scandinavian nations are now dependent on unprecedented debt/housing bubbles inflated by extreme monetary stimulus. The script is the same as in every other monetary “experiment” intended to create the illusion of solvency in an insolvent system: lower interest rates to zero (or below-zero if you’re really desperate), juice the financial system with liquidity/ easy credit, and base your measures of financial “health” on housing bubbles and other debt-based gimmicks. (Charts courtesy of the Acting Man blog)