Don’t Come to Norway – Taxing Our Way into 2032
In 2021, the Extreme Left Labour Government seized power in Norway, overthrowing the eight years of Conservative rule. Labour won 48 of the 169 parliamentary seats, one less than in [...]
Nonperforming Loans in European Banks 10x that of U.S. Banks
American banks would rather return to the USA than strengthen their activities in the Eurozone. The U.S. banks, overall, now expect the EU to simply disintegrate. Brussels is not about to surrender its dream and is clinging to life as it slowly dies. The general view now is that the European banks are reaching the point of hopelessness. Their commercial nonperforming loans are at 10 times what you see in the U.S. banks.
This deflationary policy in Europe has deliberately created a depression in Europe, and somehow, at least in Merkel’s mind, they think that is better than inflation.
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