Geopolitical Compass #54
Geopolitical Compass #54
How will you save for you future, in one graphic.
This Week:
How will you save for your future?
Woke German language lessons.
Latvia begins deportations of ‘undesirables.’
US has a spending problem.
Bitcoin
Saving for a house in inflationary US Dollars and seeing your dream move further away. Compared to Bitcoin which is deflationary and sees your savings (regardless of size) INCREASE in value over time.
When you switch your unit of account and savings to Bitcoin, over time, assets become cheaper.
Germany
I’m not sure there is a scale for wokeism, but if there is Germany would seem to rank quite high. For a few months now I’ve been refreshing three languages on DuoLingo. So far, out of German, Spanish and Russian - German is the only module that has started adding woke elements…
Latvia
In September 2023 I noted Latvian authorities were introducing new laws to forcibly expel any Russians who do not pass a native language test, regardless if they only ever spoke Russian and were there since before the Soviet Union collapsed.
This week, expulsions have begun.
A total of 1,017 Russians have reportedly not complied with the Latvian immigration law, she said, and will be handed orders to leave within 30 days, the PMLP chief added.
According to Roze, those who refuse to comply will be deported by force. Information has already been passed on to Latvia’s border guard service, she said.
You’d think a country who’s population has shrunk from 2.7 million at the fall of the Soviet Union to 1.8 million today - of which ethnic Russians comprise around 25% - would be somewhat more tolerant.
Nothings off limits these days within the EUSSR when it comes to Russophobia. The more outlandish the better.
United States
Biden calling for a wealth tax in the US:
By Biden’s own admission, the new wealth tax would raise $500 Billion over 10 years.
Great…..except the US is running a deficit approaching $2 Trillion per year. So apart from alienating wealthy people who will start to remove their capital from the United States as punitive taxes increase, how will a new wealth tax solve the US budget problems?
The US doesn’t have an income problem, it has a spending problem. It is now spending $1 Trillion per year just on interest.
This is a slippery slope. It starts with ‘tax the billionaires’ and pretty soon it will be ‘tax the millionaires’ and then ‘everyone needs to pay more'.’
How about spending less?
