February 9, 2010

Day Of Denmark – Day Of The Western World

The time is characterized by form without contents

In addition

Praeterea censeo….

Link: The Great Global Warming Swindlehttps://www.youtube.com/watch?v=52Mx0_8YEtg
Shown as clear as the day in 2007 (click at the arrow above)

January 15, 2010

Financial crisis and the value crisis – let’s have it all – is unfortunately a repited and natural thing

Financial crisis and the value crisis – let’s have it all – is unfortunately a repited and natural thing

First the shares were filled with hot air by companies that began to issue more and more paper, and when rates continued to rise in certain key industries, which was wildly exaggerated by the media, it was quite a fad to buy shares and offering equity securities, now savings rates at banks were of no special interest anymore. First they speculated themselves cross-eyed at an IT boom, then housing prices started to increase, the credit was even extended tgo accelerate speculation and the same were tax-funded grants to property owners via legislation in the last phase (in Denmark). Can the responsibility be placed ? Easy.

Sometimes in August 2001, we could read in the papers “So let the kids, indeed”; ‘they should invest their savings in the stock market’. ‘It goes so well and we were all so rich’. And it was a lie. “More speculation, thanks” was the title of an article in Berlingske Tidende. It contained additionally only empty talk, so no information.

The dividend that companies were expected to give was no longer created by ordinary business expectations for the future, as it appeared. It was determined by the share prices determined by supply and demand for capital gain by buying and selling (stock) paper.

Companies in large numbers were recorded and publicly available on the market to get capital – they actual earned too little many of them in the normal way (hush,hush!). The IPO could obviously only be done by showing good financial results. Here you had to have  a good accountant if you had troubles, and sometimes even a good relationship with his bank too.

Investment in shares that are supplied assiduously, deliver needed or much coveted capital – perhaps it actually had been impossible the earn comparing amounts by ordinary economic activities and will be even more difficult in the future with alle those demanding papers, and perhaps almost all the dividend-oriented shareholders expected what other share supplier seem to able to give. Perhaps this was a reason for a great deal to jump on the wagon, the speculator-wagon, now they got the chance.

The possibility existed now: You and several others invested well advised (effectively anyway) by banks and by the press. Others did the same, and eventually the share rates began to rise, but just because all or many small ones in market would invest. Shares had been made interesting for regular people with various games in the newspapers and everything else had been done to prepared the show.

The share price did not increase because the company showed rising earnings from – remember this! – what indeed was its appointed task to produce and sell. But rates rose and more increases came in because more share were demanded than could be supplied, it was a game, simply because purchasing power was present or there could be borrowed for the messy project too, and then because the company offered more and more papers for sale in an apparently insatiable market. It all went to the papers. But what about the ordinary activities of the business? The press shouted out daily in the recovery, recovery rates increases – in order to maintain the illusion of a boom. The reality was:

Rates and expectations for future returns in the business would soon join reality. The race was run already in 1999.
Come on, join the party before its too late, because it certainly will get too late? It was too late! When I heard the midst of the madness that phone provider for Nokia few years earlier made an annual profit, 50% higher than the year before, and  simultaneously, the rate of Nokia shares – meaning  the expected value of each krona invested in Nokia – fell by 50% over the same period, something had gone completely wrong, either with expectations — which is what determines the share price – and/or the issuance of new shares and the corresponding influx of new equity, which had flowed to join the firm. There were many others.

It could also be different: rates rose, but prices were just expectations of future returns, which could not hold because the company could not meet the enormous demands which gains asked for – low or no yields calculated from the face value helped a lot on the tour further round and round on roundabout, but eventually the ordinary shareholder found out that it did not help to throw more paper into the market, perhaps the security meant something, and the role as ordinary controller investors meant something yet. In other places constructions developed that meant some key figures and some directors could steal the invested capital instead of incorporating it in the business’ activity.

The fact was that firms in large scale had been unable to manage the capital resulting from share sales in a responsible manner, without even resorting to speculation. The media scream continued daily for recovery which, when you listened, should be understand as if it simply no end would take. And it was a lie. The underlying idea could very well be getting the accidents divided/distributed to the latecomers now the madness had been running too long. How beautiful. Instead of making money from ordinary business activities one could still retrieve capital through share sale, more and more until shares were not able to make interest/yield dividends by any profitable activity – be it real production or by speculation.

So politicians opened opportunities for increased credit in houses and easier access to houses and other properties paid on credit. So almost all owners (old and new) could be involved in “making money” without doing anything. Companies and banks also jumped on the bandwagon.
Accidents that were started were again divided into many more. Then the options were exhausted, and there were no other/more speculation objects back other than pyramid schemes – that’s it …. like in Albania.

I addition the last row of houses and buildings gave an extra volume of “Distorting consumption employment” for a short time to the short-sighted politicians of all kinds, as we reported, when the purchasing power was pulled out by circulation of the houses and buildings and over-indebtedness of inflated values and devalued liabilities and the difference was then consumed. Nobody had actually earned money, but the businesses adapted it as real economics so it becomes much worse afterwards when it shows it self to be funny economics.

All together money devastation and destruction of valuations to keep the speculation started with good faith in the lie – called the ‘trust’ from the ordinary in the media industry.

Real capital is the quintessence of those goods that produces the means of our consumption, and that maintains itself while the production is going on. Capital as a function. The permanent real capital are bind for a longer period in land, buildings and equipment, eventually in inventory. The floating capital is bound in the input of factors in the process of production while this process is running, and eventually in the inventory. The process of production will typically be repeated.

Private capital is characterized by the sum of rights that permits unearned income (often in form of interest and profit due to appreciation), where it is not possible to show any connection to productive activity.

The capital formation should be concentrated in production to satisfy the all kind of needs including the needs of meaningful activity of the labour. The natural order will always turn capital formation in this most profitable real direction among human beings in the long run. But there has never been and never will be a natural order thanks to the politicians acting within an ineffective constitutional protection of the citizens.

Only with this interference the capital formation is directed the stream into private capitalization instead or abroad. As it gets worser the politicians have to incur debt by the international bankers, because all the money issuing at home gets the prices of our goods to rise further than the competition allows. The papers (shares and bonds) in the private limited company and the state-debt-bonds make it even worser. The purchasing power has been pulled out of real production by to high wages, made too high by the too high taxes, both of them simply drains the real capital to private interest earning capital outside the production. You cannot claim that all political leaders are just as insane as all the others all the time.

An example:If you get a public subsidy covering a part of the cost in order to prompt you to renew your apartment houses but without collecting the necessary amount of money by taxation, perhaps I would ask why you did not renew the houses without the public subsidy, and while you are being very fond of the public subsidy, perhaps I will also try to get a public subsidy to renew those houses of mine. The raison to the public inter-ference is the political problems in this case following the increasing unemployment also caused by political interference and the monopoly (read close to dictatorship) of the trade unions. They are talking about renewing the towns. That is a lie. There are several other cases collected from the ideology on the life of the so-called good people that every modern politician literally has to live on. With the public subsidy the rents of the apartments increases perhaps 15-20 p.c., and the so-called value of the apartment houses increases with the capitalization of this increase (the present value of the yearly of monthly increases). When the total rent of the apartments of Copenhagen from 1914 to 1926 increased with more than 40 mill. ddk. a year the fine originators have without the society had become richer created about 500 mill.ddk more private capital, realized, when the apartment houses were sold. That is the capitalization of 40 mill. kr. a year anno 1925. A big part of this amount ran into consumption. In WW a surplus capitalization was made by the share and bond markets and by loans used to pay dividends accounted on a false basis of the values of inventory and equipment.

Read Professor Lauritz V. Birck and the Danish History Of Ship Companies 1912-1920 (and about The Crash Of Landmandsbanken, in Danish http://www.lilliput-information.com/economics/app3.html .)

Denmark was very close to the limit of bankruptcy 1923 thanks to our fine President of the centralbank Rubin and Brandes in the Department of Finances, who prefered to finance the unsatisfied needs and the unpleasantness of the war by loans, and then planned to let the small-holders’ values collapse after the war.

While they were dancing and at last were dying in paper money issued by fraud in USA the prices double more times in Denmark in the beginning of 1920s. Enormous fortunes were collected on private hands, while the state just through bonds into the market. If the state had collected a taxation on fortunes once and for all in 1919 instead of telling the people that you can finance a war with nothing, Denmark would not have had any very serious problems later on. Instead they let the inflation run directly into deflation, where all values (real capital) began to be destroyed.

You have capitalized the possibilities of the future yield and trained the propertied classes to believe that war is a good business, the best investment at all. But you forgot to give them a lecture on the uncertainty of exchange rates, of the rate of interest and of the purchasing power to unspecialized (uneducated) individuals.

The real problem is not that people do not live twice here on the Earth. Their experience is just imperfect when it comes to reality, to real life, and this fact has been used time after time.

Some will try to learn from books and studies. But is not easy even if you are pretty clever. In four years 1935-1939 the concept state debt totally lost its meaning. In 1935 it meant everything, in 1939 it meant nothing. If you asked the logical question following this nonsense in the 1969 you got an answer from the professor saying between the lines that you had not understood anything at all. You certainly have to be strong as a 19 years old country boy.

A little from accurated financial history

A few quotations: Under “Must national debt be paid back”?

“…it is not a natural law that national debt ever should be paid back. The state must naturally pay back a loan, when the payments have to be paid, but if it is not convinient to decrease the debt, the payback can always be done by taking another loan… It is true by both raising a loan and by paying back that the only thing that matters is in what way it effects the economic life or the welfare of the society. There can not be given grounds for paying back national debt, if the effects that the paying back has is not wanted. If there is strong demand for labour under full employment at a moment in the society, the result can only be higher wage that necessary will lead to a rise in the prices, then it is perhaps convinient to collect more tax than necessary to cover the running expenditures, that means pay back the debt, because in that way the demand for resources will decrease. Before such condition has occured or better, before you wish to reduce the demand and the income of the society or a least stop its increasing, there obviously can not be given grounds for reducing the national debt…”

“When the state (on the other hand) is paying out money, it always receives the most of the amount from one or more citizens, and directly it creates an income in this way that correspond to the expenditure reduced by the part that goes abroad. If we for a moment assume that there is balance of the payments understood, as to every increase in import there is an export increase of the same amount, there is created with every expenditure an income of the magnitude in the society”.

“If the state in the same tempo, as it gives money away, collects taxes that are paid of means that the taxpayers otherwise would have given out for demand, or raises a loan that is yielded from money, that on the other hand would have been given out for labor and materials, there will obvious not neither be a smaller nor a larger total income in society, the only thing that happens is that the state now confiscates some resources that on the other hand would have been confiscated to private purposes, or would have benefited other persons than those who have the money now”.

“If the state on the other hand get the concerned money by taking it from its account in the national bank and the national bank does not tightening the credit elsewhere, or the state borrow on the market of bonds and the national bank by convinient buying of bonds prevents a fall in the courses, the expenditure of the state means (not alone) that there is created directly a whole new income of the same amount, but that those, who receive the money, again give some of it to people, who once again increases the expenditures. In this way an expenditure of the state creates for example within a year an increase in the income of the society in the same year, an income that perhaps is 23 times bigger than the paid out amount of money, and because the taxes in this country with the existing laws of taxation are about 25 p.c. of the income, will such an expenditure in the concerned or the next year perhaps give the state and municipalities an increasing tax income to an amount the half or three forth of the amount that can be the basic of the new expenditures or it can be used for lowering the taxes”.

Under “The balance sheet of the state”:

“If you actually want to operate with an idea of balanced sheet of the state as an expression of its economic situation, it must be the ability of the citizens to pay taxes compared with the expenditures that state is planning..” (unquote of the later Professor and Rockefeller Fellow Joergen Pedersen in: ‘Topical Economies Problems’, 1939)

Keynesianism, that Joergen Pedersen here is making marketing for, deals with problems of the society in a very unrealistic way. They are made to formulations of problems in a mathematical language of symbols or something just as limited, there has to be cleared up (as here) a logical, coherent chain of thoughts that neither fit the problem, as it really is, nor include all those things that practically effects the solution of the problem.

For example the influence on the economy of the funds, and the inflation have an inferior place in the works of Keynes and in the works of his epigones.

The same can be said about the national debt, as it appears. The new system (at that time) that should be built up in the after war period, should give exactly free admission to incur national debt. And it certainly did.

The targets for the society are always something like employment, activity and similar. The effect of the public sector on the economy is not interesting to a Keynesian, and you will at once be in doubt if the declared targets for the economy are anything but to ‘the exterior’ opinion, as Keynes himself called it, before he won the Nobel Prize (se below).

The whole entrance to the Keynesian way of thinking gives evidence of a fatal need of interest of reality, for example if the assumption all together and each of them draw a true picture of the reality at all, and then this cyberspace reality that they seek to give predictions to. It will be a special problem to the Keynesian to try to cover himself up behind assumptions all the time, so what he has said, is logic, when all assumptions have been remembered. If these logical relations, scholastic rides tell anything about the effects of different political economic actions from the authorities towards some correctly described phenomena in the society do not in principle interest the Keynesian. Here he has secured his retreat. It is a very central part of the Keynesian learning to train this. I have trained myself until I could not take more lies. My upbringing simply forbad me to continue the lies.

Therefore I must say: Do not listen to the Keynesian, he will coax you to do, what he believe in, and if you do not understand, what he is telling you, he will explain to you at last by referring to your lack of education (scholastic).

Precicely the same method that what used about 100 years before when you was explain why the gold standard what mattered

I have to inform you that the Danish Joergen Pedersen, who became a Rockefeller Fellow, perhaps could have won the Nobel Prize instead of John M. Keynes. Pedersen was not very known in the Swedish Academy, and many of his earlier writings were not written in English. The practical rediscovery:

From 1994 they are talking about paying back the national debt in Denmark. But nothing of the kind happens, the debt still rises every year until recently (2006). If the national debt was beginning to be paid back the unemployment would increase, the keynesians would tell you. The unemployment in Denmark is between 500,000 and 700,000 or 17-24 p.c. of the laborforce in 1999. I have tried to give an total presentation of the unemployment-accounts-problems on: http://www.lilliput-information.com/led/index.html (in Danish).

Pupils who always work and always talk, tell you that the unemployment in Denmark is less than 150,000. That is the figure when you when you concentrate on the unemployed members of unemployment security system. The expelled ones do not exist. They did not in the Soviet Union and DDR either.

In 1933 the unemployment was 33 p.c. (the highest ever in Denmark) of the labor force (accounted in 1933). In September 1939 (when the World War II broke out) the unemployment increased 16,000, even if 20,000-30,000 were called to the military forces. In the years before unemployment had been reduced by public occupational work (‘New economics’, ‘Recovery’ or ‘New Deal’ made in USA), by exporting more to Germany, which were preparing for war, and by national debt, that means transforming more and more real capital to private capital.

At this time the unemployment were especially reduced by the Keynesian so-called ‘kickstarting’ operations. That the money was destroyed in this way did nearly nobody discover, because the war also made a new international monetary system that was based entirely on credit economy alone and and paper that is the same.

That the effect of this blind using of the theories of Keynes led to a public sector ruled by bureaucratic principles, a public sector that was a good deal larger than the things ruled by private, individual dispositions, and a colossal national debt ought to have been foreseen, but the theories did very convenient not tell this, the theories that were followed blind for 70 years. The dictatorship based on the nonsense writings by Karl Marx also lasted for 70 years. Nothing has been left to uncertainty if you look in right direction.

How should an unskilled individual know what to do? That is the reason why I got the right to vote.

A little accuracy about the between war period:

John Galbraight still maintains the German economy recovered from 1933 by civil production, and he intend to let us believe that the German method was a kind of the so-called new economics. He seems to want us to forget a lot. In 1932 4.1 mill. Germans were unemployed. Two years later the number had been reduced to 2,4 mill. In 1998 (the election year) the unemployment in Germany with nearly the same population as in 1933 was officially 4,3 mill. The SPD-politicians just before the election to the Bundestag maintained that this number was not correct. The real or the true number was about 10 mill. (the same four years later at the next election 2002). In the late 1920s and the beginning of the 1930s the motorization came as a gift from the technical knowledge, the arming had been started, and productions and development of arms had long been going on in cooperation with the Soviet Union (unofficially). A restrictive control of the currency, tax discount tickets, and especially the suspension of the trade union wage rates was the axis of the German recovery policy from 1933.

Debt, inflation, deflation and mass unemployment caused by the concentration of power and ignorance, as uninformed citizens to reign of. Business owners can be greedy, just as trade unions, but national debt, inflation, deflation and mass unemployment they are not able to do, if not the governments and their officials played with, those who prudently are living on these instruments.
Then comes the collapse:

It happens mostly once in an average lifetime (so there is not many opportunities to get used to it) and it becomes very worse this time. This is because fundamentally human attributes when the underlying morals and ethics go from the top of the flute and down, mind you.

Professor L. V. Birck wrote in 1922:

“We live in a world where ‘state machine’ we in fact would sit to have weakened in its foundation. It is hated by the rich and barely tolerated by the poor. In Germany and Austria are the holders of the economic power of organized society capital is thought to to destroy the so-called parliamentary democracy and the population influenced government to take power themselves. In the United States is the conflict between the political and economic temporary deferred because the political power at the last presidential election has declined in hands of a political oligarchy (my: oligarchy oligarchy means). Everywhere we find evidence of state powerlessness and the possibility that
establish the power outside the law and without oligarchy seem very distant for moment “(I quote from:” Denmark and the World Crisis “).

Professor L.V. Birck also wrote of a lifetime ago:

“Citizenship was shortsighted, it would not save the system, even sitting in, getting the amount of paper out of the world, which threatened to strangle the economic system, which involves citizenship. ”
The same is happening today in a even wilder scale. What happens when government intervenes?
Nothing new under the sun.

Fraud, but not from speculators alone.
Can it be arranged so that speculation does not pay off? (English version)



January 14, 2010

Economics: The Brief Truth Primo 2010

The industrial production is continual decreasing, lately with a slightly lower slope, and the same is happening distinctly with the world trade in 2008, 2009 and 2010. Protectionism is very tempting to reach for, and the omnipresent cult of environment and climate freeze more than it loosen for the new perspectives including the reorganization to the international competition in the Western hemisphere.

In addition all these initiatives started to end up in the financial crisis, subprime loans and more debt, grants, easy money and easy credits, negative interests continues unaffected. Debt and insecured liabilities and continuous official expectations about higher taxes underline what certainly does not have to be done. The last-mentioned is in force in USA, Europa and Japan, Japan with 20 years recession and old- perhaps neo-keynesian errors of judgements has ended in deflation. It is not much better in Europe. No, nothing point to the right direction as matters look like right now in the beginning of 2010, regardless the share prices shortly showed small local increases over time in the beginning of 2010.

40-50 years of excesses and more than 10 years of loose monetary policy with consumption-economics and hot air bubbles first in market of shares then in market of properties are not nullified in a couple of years. The Keynesian or if you wish the Neo-keynesian treatment is still in front at the mainland of Europe:’The more the households consume the poorer they become, the more the states consume the richer we all become’. With a South- and Eastern Europe put away to Jericho under the regime of Euro, the defending rises of interest from EU, trade obstacles and other kinds of protectionism (the capital flow east- and westwards, and the inflation threatens Germany and France), starts a downward spiral leading to a collapse combined already with deflation in the one half of Europa and an dawning inflation in the other (including France and Germany).The alternative is even more issued means of money, bigger consumption, higher taxes, zero interest and more debt upon the mountain of debt, and this make everything even worse: ‘The patient should not have more of the drug that already made him ill’.The last relates naturally to the fact that some of laws of economics are almost natural laws.The ruling and media have completely missed this, because they believed on and in this world and in unresponsible of the agenda.

The gold price approaches $1200 per oz. from a price of $250 in 2005. And the gold market is not like any other bubbling market as those of shares and property, as we had to hear from the media, and not even just the breeding ground of the speculators. If this price rise of gold continues stronger inflation must follow, and the collapse we have seen until now is then just the summit. The problem is that insecurity at both the market of real production and at the market of currencies almost forces the investors to go for gold, provided the means must be easily and quickly to realized.

Remember, when the retarded dolls in the media report their advises of investment, always to do precisely the opposite. Everything has an end, and the latecomers are the majority, they are the ones to pay for the game always. Do you remember the bubble of share market created by sailable paper and of course false or no real expectations, almost in the style of Bernie Madoff. Once in August 2001 you could read in the papers: ‘Let the children, indeed’. They were invited to invest the savings in the share market. ‘Everything went so well, and we became and shall become very rich’. And it was a lie. ‘More speculation, please’ was the title of an article in Berlingske Tidende. Apart from the title the article contained just empty nonsense, it was without any useful information.

I suppose a majority at the summit expect the problems with a new and for a long time needed international monetary system solved by imposing some kind gold standard. But this has never been the solution to the selfmade problems, and a continuous rising gold price will show, where we really stand when it comes to inflation, unemployment and state debt, but the gold standard is just meaningful in an extremely expanding world economy, as under the birth of Industrialism, and it will make everything worse today, when it is artificial draged out of its historical context, because lots of people cannot look at two phenomenons occuring at the same without to imagine a connection of reason between the two.

A real globalization of all markets naturally demands a new globalized international monetary system. The leaders of the world have to agree upon not ever in the future to be able to choose the easy way out, and at the same time impose a substantial limit the possibilities of speculation that truthfully are pure by-products of those professional-politicians-choises of the easy-money-way out.

14 January,  M. Sc. (Economics) J. E. Vig

September 26, 2009

Thw World’s Happiest People Is The Danes

http://www.berlingske.dk/article/20090925/verden/90925002/ (in Danish)

“Danes world’s happiest people

because we have ‘free healthcare’

A popular American television host claiming that Danes are the world’s happiest people because they have “free health insurance,” and it has been outrage. Smiling Danes because of socialism?….”


We love to be underestimated:

We may add that it is free to join the ambulance and it is of course free to be treated in hospital. The reason is doctors, ambulances are free  and nurses and other health workers in Denmark are working as volunteers or slaves, what means they receive no pay. That is why it is free.

Yes, we have a tax-financed welfare system, with metastases to all corners of life, and the latest is that the wealthy get a new environmentally friendly roof on the house with a subsidy from the State, namely the monetary transfer from agents with little purchasing power, the state has no money other than those the state itself issues out of thin air.

It has been the way in Denmark for two generations now, and we hoped Larry King also would pay attention to the results, before continuing the adventure story of this unreal community lifestyle that Danes never asked for, and which therefore has now been thoroughly tested on reality:

http://www.lilliput-information.com/engvelg.html (English version)

http://www.lilliput-information.com/velg.html (Danish version)

The results certainly have materialized. So far. Be so good to eat.

January 24, 2009

The Beginning of The United States Of America

The history of Wall Street is long

A little from the beginning of Wall Street:

Originally there were 13 colonies in America. They were called New England and were colonies of England. Here they used their own money. There were several, they were called ‘colonial script’ and everything went very well. There had been international disagio-problems, but that could not explain, what was planed to happen now. When the colonists made their money themselves, they were apple to control the purchasing power. The English bank managers did not like that, they wanted to control the monetary-system like they did in England. So they introduced their monetary system and decreased the amount of money to about one half. Now the happy living in the colonies was totally changed. Unemployment and poverty were the result. The rage was turned against the Englishmen and the War Of Independence started. Two of the leading figures behind this revolutionary war were the experts of finance Robert Morris and Alexander Hamilton. The later became Finance Minister under George Washington. It was not a good idea to try fund the war with England by tax-collecting, because taxation always hamper people. The French participation was financed (with Necker as an adviser) by loans too (1,2 billon Frcs). Necker was much more a clever man of finances than he was a skilled and wise statesman.

For this reason and for another reason the authorities let money-emission do the work to get the war that was wanted by few. They issued Government Paper and other instruments of debt of the bearer types. They sold them to ordinary, good citizens, who bought them for their true money earned by hard working. They sold paper money via the federal government, the single states and municipalities. When the war had ended, they also gave some of the paper and a little real money to the home-coming soldiers. The value of the papers depended of the possibility of the state to be solvent and of it could/would honour them to an acceptable course. While the time passed the most did not count on the paper, so they used it as wallpaper and labels. But with Hamilton as Finance Minister something was planned to happen. The single states (in America) made paper money to an amount of 210 mill. and The Union 360 mill. dollars under The War Of (In)dependence. Then the paper dollard had to fall. In 1779 you could exhange 38 paper dollars with 1 silver-dollar, the year after 100 and in 1781 some times 1000 paper-dollars for 1 silver dollar. Then they were drawn back, and for 100 dollars you got 5 dollars of interest-bearing certificates. Only a little returned, because they had been use practically as mentioned.

The first time the passing of the new law, that was know only by a few, failed, but in 1790 Thomas Jefferson returned from France, where had been American ambassador in Paris and adviser for the French revolutionaries. With his help they succeded as planned in America. Now the law could come to reality – 14 years after the Declaration Of Independence? The Congressmen listened to the proposal with deepest surprise, but the speculators that had planned it from the start did not.

The papers should be honoured to nominal value, and the debt of the single states should be paid by the federal government too. Now the speculators hurried out in the country to buy paper quietly from the people who did not know the law-proposal. Alexander Hamilton wrote til George Washington that he long ago had learnt that the public opinion was of no value. The money to buy the paper came from new Government Paper sold to the same people 25 years (one generation) after the war.

In this way the citizens paid the cost of war, and the paid to be ruled in the future. Wadsworth, who was a member of The Congress for Connecticut, transmitted the ships to the South States to buy all the paper, they could get. The rumours told about unjustifiable manoeuvres ‘behind the scene’. They were told so loudly that the New Yorker newspaper Daily Advertiser even calculated, what the different speculators could foresee to earn, if the law passed through.

This calculations showed that Robert Morris would pocket $18 mill. (in the years 1790-1792), Jeremiah Wadsworth $9 mill. and Governor Clinton $5 mill. Fisher Ames and Christopher Gore were also members of the syndicate. The enthusiasm was as you will understand on the boiling point in coffeehouses of Wall Street, where the speculators had their headquarter.

The only thing that was missing was to enclose the admission to the growing activity in Wall Street. Too much publicity, and too much public participation could damage the speculation, and do it too uncertain for the participants. This was not managed ‘in the right way’ (nearly the same) until after The Civil War 1861-1865. The War Of Independence should perhaps rather have been called the War Of Dependence instead.

Based upon the movie ‘John Adams’ and among other things upon Robert Warshows Wall Street, Copenhagen 1933.


June 16, 2008

Please, can somebody help me with information?

Can somebody help me with information clarifying the sources/links to the book or extracts from it and the writer Tilden? 
After having tried all the sources of this file I find it has disappeared. Perhaps it told too much truth.
Book Review  

Ashby Bladen, former columnist Forbes Magazine:
Albert Friedberg has performed a real service in unearthing and republishing this unnoticed gem. Freeman Tilden was a man of classical education and historical insight, which most professional economists emphatically are not. Writing on the eve of the Keynesian revolution, Tilden emphasized many ancient truths that economists have insisted ever since are fallacies, but the veracity of which we are presently seeing demonstrated once again. As a post-Keynesian financier I would not wish to be quite as straight-laced as Tilden is. But it is daily becoming more difficult to dispute his conclusion: “Once introduce the notion that in contracting a debt, the debtor has thereby added something to his own or to the community’s wealth, and you have created a labyrinth into which a million optimists are eager to flock, but out of which most of them will stumble, sooner or later, disillusioned, seedy and sullen.”

Tilden makes with admirable clarity the point that civilization depends upon the framework of orderly and reliable expectations provided by the general observance of contractual obligations, so that political abrogations of debts tend to destroy the fabric of civilization itself. He also deals with the wiping out of the real value of debts through ruinous inflation, which in the past was the result of war or deliberate governmental fraud. But the specific threat we face today is a new twist upon these ancient practices. It is that national governments, strengthened by the centralizing consequences of two world wars and terrified by the growing danger of a return to the deflation and depression of the 1930’s, will use the credit of the sovereign state to guarantee all the private liabilities, and bail out all the overextended debtors, whose collapse would otherwise be likely to bring deflation and depression upon us once again…

Mr. Friedberg, in his concluding Commentary For The Eighties, makes some suggestions… [H]is basic principle is to reduce the reliance upon political guarantees of the liabilities of financial institutions to a point at which the concern of depositors and other individual creditors for the safety of their funds once again forces a prudent self-discipline upon the lending policies of those institutions. With that, I heartily agree.

Book Description
Published in 1935, at the depth of the Depression, A World in Debt is a powerful indictment of the debt system. Is is written in eloquent but non-technical language with profuse use of clasical sources. With a foreword and a commentary by Albert D. Friedberg, the republisher, a noted currency and commodities analyst and seculator.

About the Author
Freeman Tilden, 1883-1980

 But I have few surgestions more that are not on Internet.

Send me an email with your information, your proposals or simply give a comment



April 29, 2008

The longer they stay, the bigger the number the more crimes they commit



The longer they stay, the bigger the number, and the more crimes they commit

Danish version

“Every fifth male descendant of immigrants got at least one sentence in 2005. It’s more than twice as many than among Danish people in the same ages…”  
“22 p.c. – more than every fifth – of male descendants of ages 20-29 years old was convicted for one or more crimes in 2005. The corresponding number for etnic Danes in the same ages was less than the half, 9.8, while 12.5 p.c. of the young immigrants were convicted…”
Today reality is precisely as we have described it to become twenty years ago, and latest a few years ago: The longer they stay here, the worse they become, the average number of births a women rises, they speak our language even more imperfect, and they are more unemployed and more active concerning crimes in second and third generation compared with their parents. We have at least six good reason for counting the immigrants correctly and place the responsibility right: 

Six good reasons: http://www.lilliput-information.com/six.html

If it continues apparently without any sense of reality and rational reasoning for more than 1-2 years more, and it is not then turned upside down to repatriation Europe’s way into Dark Ages has definitively been chosen by roadmap-marionets who in reality rule this country and Europe.       

Complement: The Problem with Islam in Europe: 


 Danish women should especially think carefully

Danske kvinder skal tænke sig allermest om:





December 26, 2007

Unethical US Job Numbers?

Filed under: Economics, Economics Statistics, perspectives, Research, unemployment — jensn @ 6:40 pm

Excerpt from • Unethical US Job Numbers?


“The business world waits with trepidation, the first Friday of each month, the release of the US unemployment/employment numbers. Stock, bond, currency and commodity markets often swing wildly with their release. The media focus on the numbers presented, and discuss their relevance to economic activity. But where is the analysis, the critique, of how these numbers are generated — or of their actual reliability? 

Do all economists really believe that the US government’s unemployment data (and other statistics too) are beyond reproach? Are the big banks’ economists too afraid to dig into the numbers for fear of offending or confusing employers and clients? Where is the role of honesty, of ethical responsibility, to the publics these institutions serve? 

Fortunately, discussion concerning the ethics and reliability of economic statistics does occasionally appear. 

For instance, last year Philipp Bagus asserted in an article, The Problem of Accuracy of Economic Data, August 17, 2006, (http://www.mises.org/story/2280)

“[That] we … face the question of why the problem of accuracy of economic data is rarely mentioned or passed over in silence in economics, while in the physical sciences this problem is widely acknowledged.” Further, “In contrast to physics, there is still no estimate of statistical error within economics. The various sources of error that come into play in the social sciences suggest that the error in economic observations is substantial… Economic statistics cannot be accepted at face value.” 

In my research on US unemployment data, I have discovered some disquieting information. First of all, they concern the elimination of ‘discouraged workers,’ who used to be in the figures.

Discouraged workers are those who have been looking for employment for more than a year and have given-up looking for a job. They used to be included in the main unemployment numbers, but are now, conveniently left out! John Williams, statistician and economist, believes that when ‘discouraged’ workers and other ‘distorting factors’ are accounted for, then the true unemployment rate, measured in much the same way as it had been historically, would be closer to 12%! (See Welling@Weedon, February 21, 2006, Shadowing Reality interview with John Williams). At the time of Mr. Williams citing this, the US February 2006 unemployment rate was 4.7%, which is the same as for November 2007…” Try this too: http://www.shadowstats.com/


I just remind that the described problems are most worse in Denmark. A least US has the simultaneously publication of the deciding input and output figures of the labor market every month. 


November 28, 2007

Ideology has replaced Reality – even the news make distance to reality and misses their contents

Ideology has replaced reality – and very soon you have an example of an idelogical end in Denmark

07/17/2007 on http://www.brusselsjournal.com/node/1195 Fjordman claimed as following:

“American military historian and columnist Victor Davis Hanson http://www.victorhanson.com/ talks about how mass immigration is the product of a de facto alliance between the Libertarian Right and the Multicultural Left. The economic Libertarians can be represented by Swedish writer Johan Norberg, author of the book In Defence of Global Capitalism. Norberg can have valuable insights into the flaws of the Scandinavian welfare state model. However, his commitment to a “free market, open border” ideology blinds him to the threat posed by Muslim immigration, an ideological blind spot that is almost as big as the ones we find in Marxists. According to him, “at the moment there is a problem. The right supports one part of globalisation — the free movement of capital and goods – while the left tends to support another part, the free movement of people.”

An ideologist as you see here Fjordman does certainly not understand reality; or it is simply not his intentions to do so as far as I can judge. In a Libetarian’s limited vector-space of a certain number of variables culture and religion for example may have no impacts on the teoretical model – mostly because they have not found suitable ways to measure the possible teoretically impacts from religion and culture in a meaningful way. For example reality then has been drawn psychedelically in the model, and thereby perhaps it replaces real life, but that does not matter, as long the model of life definitely has priority one. And that is the point: Next to perhaps the well-being of the ideological followers, death (to the dissidents) gets priority number two.

Take welfare as an explicit example from reality today but evolved/develop from an pure ideological concept by substituting wealth for welfare:

You cannot talk about a taxfinanced welfare in a society without allowing fertility to drop, and as a implication of this also accept the distribution of ages to change, if you base your model of more than 1-2 generations. The selfishness in the ideological top http://danmark.wordpress.com/2006/06/14/top-and-buttom/ has been described, and don’t ever believe this selfishness range at a lower priority than one. It is easy to make another priority in the model of life, but it is impossible to go on for more two generations on ideological agenda in reality once it has stepped into reality. Basicly because man is involved.

All ideologies have the same ends in theory as in reality: Joined happiness for the camp followers and death to the dissidents. All ideologists Fjordman included are bound to express their potential warnings against things they have not understood themselves, because they do not allow logic to enter before ideology. You could with Soeren Kierkegaard claim ‘essense before existense’ to correct them.

Islam, a lot of Libertarians and a lot of multicultural Internationalists are still on that same lime twig.

‘Liberalists’ lost – ‘internationalists’ won‘

On ideology and why it goes wrong

November 19, 2007

Strategic Patterns – Sources of Threats, Future, Adjustment, Impacts

The European Elite has aimed for a systematic strategy to get the national states dismantled and replaced by an ideological project. The ethnic Europeans are becoming more and more sceptical, but that definitely does not prevent the train in moving on towards Neurope, and Eurabia as long as the oiltrade secures the Euro-consuming European Elite.The ethnic Europeans are simply ignored in all matters concerning them most dearly a lot of investigations show. I addition what concerns the semi-secret alliance-efforts towards the Arabic world the strategic components seen from here are the mentions ones in the links below.

To draw an almost realistic picture of the future in Denmark and in Europe, you have to make some assumptions concerning among other things characterizing patterns that remain unchanged or that are expected to develop along some fairly known directions according to experience. And the expected reactions to this development must also be included if possible.

You may choose between lots of relations that are the building bricks in this model of patterns. Of course this reading is just a sketch, but on the other hand I have chosen building bricks that have been pretty good described until now. If other patterns would be more valid, or easier to forecast or predict something on I will let the reader judges and eventually contibute to:

[You can choose as you like between the strategic patterns/issues that you want to know more about. You open a new window with the contents of each link. When you have finished a link you just close the window again and perhaps you open another via another the link and read what you need to know]

The Mass-immigration-project of ideology fueled from chiefly Muslim dominated areas or Free Muslims Immigration To Europe or The number of muslims or perhaps The distance between official and the real number in Denmark or

Welfare will collapse

The building of the state of Europe with constitution,

Commpulsory currency of unit, and an army as a substitute for those of the nations’

The attack on the economic and financial sovereignity via borrowing according to deliberately misunderstood Keynes-surplus-supply-politics or

Adjustment to the intergration of power including the attack on the menthal condition of individuals amongs strong, active Peoples

The patterns, perhaps these instead, If we will know the dimension of the problem

the threats,

the future,

a supplement or

future in pictures

The final important strategic field that is distintly dominating the development and that the originators/the decisionmakers try to effect where they wisely should adapt instead (as they can do nothing) is a strongly increasing international competition that has been made possible thanks to the technogical developments that I hope everybody should be allowed to enjoy, if they want to. This development might remove the foundation as we have known it for about the last hundred years. But never mind, that has happened lots of times earlier.

My single and only claim: Without Ideology!

J. E. Vig, Danmark, 18 November 2007

Complement: http://danmark.wordpress.com/2007/06/28/eus-southern-drive-is-the-impossible-alternative-ideology/

November 16, 2007

What we stand for may differ considerably from the mainstream delivery of so-called information

A few have asked what we stand for

As anti-puppets or perhaps dissidents in a most threatened Europe, here it is:

My aim is to inform facts. I don’t deliver anything I believe in or that I just think of as interesting. Hope you notice my documentation and my objective argumentation. As I see it the immigration-project concerning the establishment of a New Mercantile European state based on oil-trade and immigration to Europe to replace the nations is the most servere problem to warn of. My nation Denmark is about 1000 years old, and I don’t accept that one or two generations shall succed with dissolving it for their own private purpose or any ideological brain-spin .

Those were the words you could have found it by looking a bit for it.

I will add: arrogant ignorance we cannot bear

November 15, 2007

India and China is more than a moon shot

Filed under: Economics Statistics, Globalization, perspectives, Research, Statistics — jensn @ 11:05 am

Now that oil age comes to an end, when you look at the known and used resources:

13 November 2007, Financial Times
“The increase in
China’s energy demand between 2002 and 2005 was equivalent to Japan’s current annual energy use.”

China’s demand for energy for the industrial sector is expected to be dubbled in the next 15 years, and the Chinese demand for electricity is expected to dubble in the next 10 year, and to be multipied with four before 2019.

India and China is more than a moon-shot


Excerpt from: http://www.iea.org/Textbase/npsum/WEO2007SUM.pdf

“As they become richer, the citizens of China and India are using more energy to run their offices and factories, and buying more electrical appliances and cars. These developments are contributing to a big improvement in their quality of life, a legitimate aspiration that needs to be accommodated and supported by the rest of the world…”

According to World Energy Outlook 2007

If governments around the world stick with current policies – the underlying premise of our Reference Scenario – the world’s energy needs would be well over 50% higher in 2030 than today…”

“The world’s primary energy needs in the Reference Scenario made by http://www.iea.org are projected to grow by 55% between 2005 and 2030, at an average annual rate of 1.8% per year. Demand reaches 17.7 billion tonnes of oil equivalent, compared with 11.4 billion toe in 2005…”

“…Developing countries, whose economies and populations are growing fastest, contribute 74% of the increase in global primary energy use in this scenario. China and India together account for 45% of the increase in demand in this scenario…”

“…China, with four times as many people, overtakes the United States to become the world’s largest energy consumer soon after 2010. In 2005, US demand was more than one-third larger…”

“…OECD countries account for one-fifth and the transition economies the remaining 6%…”

“…World oil resources are judged to be sufficient to meet the projected growth in demand to 2030, with output becoming more concentrated in OPEC countries – on the assumption that the necessary investment is forthcoming…”

”Just since the continents began to interact politically about 500 years ago, Eurasia has been the center worldpower”.

Eurasia is all land east of Germany and Polen. The key to control Eurasia, Brzezinski say, is the control of the central Asiatic republics including the Middle East and India. The key according to Brzezinski is Usbekistan.


November 14, 2007

Liberalists lost – Internationalists won – or …ists always win until truth take over


‘Liberalists’ lost – ‘internationalists’ (who

basically are identic) won by cheating

Translated by Michael Laudahn at: A fairy tale of 1001 nights – from H C Andersen country Denmark and added a supplement

The Rockwool Foundation has now reached a similiar result which the Danish Welfare Commission furnished a year ago.

The group of non-western immigrants as a total receives twice the amount of cash aid and cash-equivalent services, than this same group as a total pays into the cash register through taxes and duties. Put differently, non-western immigrants charge the public sector
– which gets its spending power from businesses and their tax-paying employees – on average twice as much as they contribute.

That’s the way the development has gone since 1984, the year we got the famous ’83 foreigners law, which basically opened the country for free access and stay within its borders, while the foreigners’ legal matters were treated applying appeal after appeal, along with a reversed onus of proof and a worldwide jurisdiction. After this election Denmark become a non-constitutional state where applicants can stay and work, where (by law) rejected applicant can stay and (by law) rejected applicants can work. The present government still has the absolute majority, included the party that tolerates it; but nothing has happened since 2001 and nothing shall happen in the furture. As the country’s best brains had warned right from the start how the result would look like, one imagined that they (tn: the government) would find to reason, after all.

However, this is as illusory as the idea that the worst ideologists would convert to the world of reality.The treason committed against the country is so heavy and the situation so comfortable for the worst (tn: the foreigners), that this development may continue until the total deletion of the danes.

The balance equation from the country of the blissful (theory): influx of non-western migrants plus growth of the number of non-westerners by births, covered by number of naturalisation documents = number of fled ethnic Danes.

According to the balance equation from the country of the blissful (practice), the exchange of the country’s rightful citizens procedes as planned, quietly and calmly, even unnoticeably. Of course, this costs enormous amounts and expensive standstill afterwards, which has been determined through calculations by Rockwool Foundation and the Danish Welfare Commission. But just imagine how good the country will be once the population has totally been exchanged against non-westerners.

On the way there, there sure was plenty of noise at the warning signals, and the economy didn’t get the manpower they allegedly were short of. The Danes were good for nothing, and public servants steered – along with the ‘internationalists’ of the redeemer industry – the influx of new foreign clients into the country, whom the public officials in charge were supposed to practice their art on and earn their living with. There was the number of expelled from the unemployment funds, but were not counted – like in Sovjet – not to destoy the good feelings towards the official number of unemployed.

Behold, this is a true fairy tale. And they all lived happily ever after.


November 12, 2007

Hope you get what you strive for – I promise you shall in nature’s version

Filed under: Economics Statistics, Fertility, Welfare — jensn @ 9:23 am

On Ideology and why it goes wrong

The ideological elite(s) strives for total control. In doing so it has to have a crowd of subjects by which they may explain their public doings. As the tax-based welfare state grew and had to grow in size to secure the ruling ideological elite and its followers, they had to call for almost all the women to go to work too.

The main and entire purpose of all this was tax-payments/tax-revenue, and by this a steadily growing public sector, absolutely and also relatively compared with BNP.

Then the women stopped giving birth to the second perhaps the third child, and with long educations they began to give birth for the first time – if they did – at much higher age.

The total result of taxation and the corresponding wage claims made a lot Danes unemployed. The high educated women seldom got more than one child if any child at all, and the unemployed did not dare to give birth. Result: Too few children to replace the deads from 1981 in Denmark.

So from 1983 they began “to import” the problems from all over the world. Before the welfare state 2/3 of all Danes lived in their own houses on one income. Today they have the biggest problems to pay the mortgage with two incomes.

For further development of the unlimited so-called public needs and unlimited so-called public satisfaction – in the brains of ideologists everything continued as usual until it was stopped.

Ideologists (socialists, liberalists, internationalists, you name it) of all kinds are the same: They have a book telling them how the world should have been, and especially how the human being should have been.

The book shows them the way to transform the world and transform the human being to fit into the theory written in the book.

Every ideologists’ only problem is this: The world and the human beings are something else, much different from the prototype in textbook written by another ideologist.

This fact disturb the mind of the ideologist, and he/she then concludes: We just have to get rid of the wrong ones, then we will get the world we aimed for in our theoretical consciousness of which their whole lives are depending.

Briefly spoken:
Theory simply has everything for the purpose, the goal (in the clouds from where you cannot see and hear the earth)… everything, but the one single thing that is needed (compare freely with Soeren Kierkegaard).

Don’t ask for the judge, it is too late anyway. He will decide in end with the help of his few unideological but still earthly small helpers. The other judges were appointed by the ideologists anyway. So their jobs are that of puppets.

J. E. Vig, 11. november 2007

For a more profound study of the subject

Complement: The results of two Danish generations’ welfare

November 6, 2007

European Population And Workforce

Information of Denmark

Population of European Union and the workforce

‘Half a million immigrants every year’. 15 November 2005 Christian Daily Newspaper in Denmark reported so: Spain needs 500,000-600,000 young fit immigrants a year for the next 15 years to compensate for one of the smallest numbers of births. But this cannot be the only possible solution, experts maintain.

The Spanish birth rate was reported 1,26 a woman in 2002, estimated to 1.28 by CIA for 2005, in the article mentioned above is reported 1.32, called a weak increase from the historical low birth rate 1.14 earlier. 1.32 may also refer to an expected or a provisional statement. It appears from Eurostat’s statistical presentations that the old 15 EU-countries are alleged to have a total fertility of 1.46. Among all the 25 EU-countries the average is accounted totally to 1.49, and certainly not as EU-Commissioner Vladimir Spidla was reported to have alleged on DR-Texttv 18 Mars 2005 that this figure represented the average for Ethnic European peoples all together, and the Danish Minister of Commerce and Economics also wrongly maintained in the Danish press 2 November 2004 the fertility 1.746 was the one of the Danes. In Denmark the total fertility is far higher (1.74) than the European average, Eurostat reports. The reason for this must be that the non-Western part of the population in Denmark representing an average fertility of 3,5 child a woman or more is far the highest in Europe.
As the report of Eurostat deals with the total fertility-figure of the EU-countries and the single countries, we can conclude that these fertility-figures have been accounted as a mix of the group representing high fertility, i.e. non-Western women, and of the group representing low fertility, the Western, among those the Danes. If we assume that the Danish women do not bear more children in average, but perhaps even fewer children a woman than the average of the Spanish women that is strongly influenced by Catholic traditions the following waged averages could suit the problem in Denmark[1] :

I: 1,26*(1-x) + 3,5*x = 1,74

Assume for a moment that the increase in fertility from 1.14 to 1.32 among Spanish women just happened the same way as it did in Denmark: The naturalized and the children of the naturalized are accounted as Danes, even though they belong to the immigrant-group and continue the fertility-pattern of this group for generations after the naturalization:

II: 1,14*(1-x) + 3,5*x =1,74

x is the part of the bearing who are non-Western, 1-x is the part of Western among the bearing, 1.26 or 1.14 is the fertility among the ethnic Danes and other Western immigrants in Denmark, 3.5 the expected fertility among the non-Western immigrants in Denmark, and 1.74 is the official total Danish fertility for 2005. x or the part of bearing women with a non-Western background is calculated by the solving the equations I and II to respectively about 21 p.c. and about 25 p.c. As the non-Western has an about 25 p.c. larger part in its population less than 25 years old compared with the Danes’ part less than 25 years old, and the births begin in lower ages in the non-Western group. This means that 21 and 25 p.c. of the birth-giving cannot be the typical part to characterize the population’s part. From the calculated estimates the rate of immigrants will be:

12-15 p.c. of the inhabitants in Denmark
or according to equation II
15-18 p.c. of the inhabitants of Denmark

If the increasing take in of immigrants to EU is being camouflaged just like it is in Denmark, it results in as little noise as possible and as little turmoil as possible in the ethnic originale population: According to the netsite of Eurostat almost 436,000 new citizenships were handed out to immigrants in 2002 in all EU-countries. In 2003 988,600 immigrated to EU (according to Fischer Almanach 2002-2004), and there was an excess of births of more than 300,000 children of immigrants the same year. The real increase in the number of immigrants and the increase originated from births among immigrants was calculated after the subtraction of 436,000 new citizens. This means the immigration and the number of immigrant-births actually are too small, as the 2.3 mio. lacking ethnic Europeans has in this way got somebody else to take their places and the number of places all in all has in addition to this been extended with about 1,290,000 in 2003.

Since 2002 a solution to the financial crash of welfare-systems has been needed in more EU-countries caused by the ageing of the European population, and not at least caused by the extra not less than 12-18 p.c. immigrants and their descendants originating from non-Western countries until now, immigrants with continuous weaker connections to the European labour market for the last 30 years. The published solution for Spain’s future is 500,000-600,000, now immigrants fit for work every year. In percentage terms something similar in Denmark. Spain has 40,3 mio. inhabitants. Denmark has 1/8 of Spain’s population, EU has 9.5 times larger number of inhabitants all in all. It has to be underlined that the countries Germany, France, Greece, Spain and Portugal had close to zero economic growth for last three years, and an accelerated outsourcing of jobs since millennium shift. On this background we must ask from where the jobs are expected to come, and also where to find all these immigrants fit for work and even well educated are expected to be found. In China?

Simply we can’t understand that the Danish chairman of a Danish government think tank Hans Kornoe Rasmussen and EU-Commissioner Vladimir Spidla are able to suggest a gradual 12-doubling of the immigration to Europe in the period till 2024, i.e. in 19 years. From where do these gentlemen intend to get the workforce that they maintain we need ? A non-Marxist well-documented analysis not based on profound unrealistic assumptions clearly shows that apart from mostly the tax financed and wage heavy care sector for elderly we certainly are short of jobs in the trading and production lines now and in the future, and that we are loosing in the international competition caused by wage-difference e.g. to the Far East without a corresponding tax financed welfare-system. An immigration to EU of up to10 mio. immigrants fit for work every year (to perhaps a lower wage and a lower taxation) combined with continuously about 1 mio. a year (births included) of immigrants as for the last 30 years, immigrants who definitely and easy foreseen just have contributed to further the catastrophe of the natural collapse of the welfare-system. We are told that the solution is to found here. The designed project for the future are as hopeless, even more hopeless than our experience tells us about the first immigration-wave from 1983 to 2005. The Danish Welfare Commission experiments in the same spirit with an example of calculation based on 30,000 fit and well-educated immigrants a year (excluded the burdens on the budget from their families and births among them) added to the yearly 10,000 non-Western immigrants still with very bad employment-opportunities in Denmark. If you assume equal rights is in force, I would say that family reunion and births will be made topical, also among the future fit and well-educated immigrants. This has the consequence that the future take in of immigrants must be even substantial larger according to the assumption-logical models and this immigration must even last eternal, the Welfare-Commission admits. Here we perhaps find the work of Welfare-Commission brought into agreement with work of planners in the European Union.

Just the fact that all generations of so-called descendants of immigrants until now have shown a continuous humbler connection to the group that contribute positively to the public budget in an area marked more and more by the international competition should get thinking people to understand that even a multi-doubling of the immigration can only have the purpose to get Europe on its knees. That it will happen should not be a secret. The Euro-Union is absolutely no counterbalance to the unsocial tendencies in the international competition as pointed out by incompetent analysers of the Centralistic kind that maintained this for years. On the contrary it will even strengthen these tendencies further, because it forces to adjustment of the working life to monetary commandoes. Take for example the price-rises on property made by the politicians. The only way to stop those rises was/ is to limit the European activity and employment as a necessary impact of the inflation-preventing steps that are built in by necessity in the chosen type of Euro-Union; it was designed and constructed to be exactly such a monetary arrangement. The same with the protecting duty on import of competitive products from low-wage-areas. The European Central Bank (ECB) has to follow a totally common policy in all 12 Euro-countries, later perhaps more, without having any other economic-political tools intact to turn to. If they will refer to another devastating immigration-project or to an area of deflation on its way to serious political unstability and eventually war does not matter at all. The whole wretched business was programmed in advance, and there has been warned properly of everything in good time. If not, I do not dare to characterize the political elite of Europe.

Frontiers appear from the preliminary frontier-less terror: http://www.lilliput-information.com/treji.html

M. Sc. (Economics) Joern E. Vig, Denmark

[1] You cannot rely on the official accounts of population among several other things because the naturalized citizens and the offspring of the naturalized are not counted in. Even the new (from 1991) categories ‘immigrants’ and ‘descendants’ do not include later generations of descendants than the first generation.

‘if your heart is filled use your brain’

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