Any government that prevents citizens from transacting peer-to-peer without surveillance is illegitimate.
And any politician that advocates for such a world deserves to be ridiculed as the tyrannical clown that they are.
Elizabeth Warren is at the top of the list 🤡
Remember... Politicians are OUR servants.
We the people pay their salary.
They exist by our good grace.
In many places, "the government" is just a group of people who know how to buy votes and sell their vote to the highest bidder.
These are not impressive people.
Most politicians no longer deserve the respect that their office affords them. It's stolen valor.
CBDCs are anti-human tech.
Imagine not being able to pay a farmer for produce face to face without the government approving the transaction. It's nonsense.
Any politician seriously advocating for CBDCs while campaigning against open-source, transparent #Bitcoin is telling you everything you need to know about them.
They are against basic personal liberty and should be removed from office with haste.
Anyway, good morning.
Forslag til Regjeringen: 𝗟𝘂𝗳𝘁𝘀𝗸𝗮𝘁𝘁
Ved å skattlegge forbruk av luften vi puster kan vi sørge for en ansvarlig bruk av ressursen. Ikke minst vil en redusert utånding av livsfarlige gasser som CO2 føre til en mer bærekraftig utvikling
Inntekt fra denne skatten kan brukes til å finansiere vindmøller, sykkelstier og eliminering av velferden i Norge
Is the Norwegian people really free?
In this comment I discuss the most important economic policies in Norway, how it affects the citizens and what the response from the the younger generation might be if we aren’t able to change the policies.
Follow the instructions at the end of the comment and you might win a signed book 😊
Taxes and duties
According to “Smarte Penger”, the normal level of share of wages that goes to taxes and fees is approximately 50 per cent for a single person.
Monetary policy and banks
The monetary policy stimulated the money supply M2 by an average 6.9% per year in the period 2002-2022. This quadrupled the amount of money in circulation.
The direct effect was that it pushed down interest rates on loans and deposits. Cheap credit motivated the citizens to borrow beyond their means.
As a result, Norwegian debtors have the highest debt-to-household-disposable-income-ratio in the OECD area (247%).
Furthermore, most loans in Norway are based on floating interest rate, making the jump from 0 to 5,5% interest in less than two years enormously costly for the Norwegians.
Currency devaluation
The value of the Norwegian krone has plummeted the last 15 years. For instance, Norwegians today must pay more than twice as many NOK for USD compared to 2008.
You get a perspective of how much this devaluation represents when you consider that the US also quadrupled its money supply in the period 2002 - 2022.
Consumption - not saving
The rapid fall in the value of our money made it pointless for Norwegians to save. Most people choose to spend the money.
Home ownership
It has been a long-standing policy that Norwegians should own their own home.
The last few decades of increasing home prices have been fueled by cheap credit. Low interest rates made people talk themselves into believing that they save when they bought a large house to live in.
However, this isn’t saving. On the contrary – owning a larger home than you need is the most expensive consumption of all.
We are also gradually waking up to the realization that home ownership is a financial drag, as it becomes increasingly costly to maintain the house and pay the increasing property taxes.
Conclusion
Norwegian citizens aren't "free" in any economic sense of the word. We've basically let government, banks and home ownership enslave us.
Furthermore, the money we keep after having paid the state, the banks and the costs of owning our homes is losing its value so fast that it makes no sense to save it for the next generation.
The youth will force our hand
Generation Z (people born 1995 - 2010) probably already understands that it can't afford all the goods and services that the boomers and Generation X took for granted - a big house, two cars and holidays abroad, much of it financed by a steady influx of artificially created money and cheap credit.
It's only natural if the Zoomers begin to suspect that we might let them foot the bill.
At one point they may realize that shunning the Norwegian krone and leaving the country is the only option if they want to have a good life and get the same opportunities as we were able to enjoy.
And if the music hasn't stopped before, it will definitely stop then.
***
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