Tag Archives: Norway

Norway`s trade surplus plunged NOK 24 billion in August

Norway`s trade surplus plunged NOK 23,8 billion in August this year. All the way down from NOK 30,5 billion to NOK 6,7 billion in the same month the prior year. This is happening in a country that is famous for being «the last Soviet state.» A country were the Communist party is growing in popularity like never before.

But is doesn`t matter, because most of the income is coming from oil and gas. In addition; they have $1 trillion in assets called The Government Pension Fund Global, also known as the Oil Fund. The fund was established in 1990 to invest the surplus revenues of the Norwegian petroleum sector.

The fund have stocks in 9158 different companies in 73 different countries. Most of the capital is invested in stocks and some of it in fixed income securities. A small part of the investments is invested in the real estate market.

The goal is to contribute to the walfare state.

Therefore, the fund and the country is dependend on sustainable growth, markets that works well and inovation.

Oil prices jumped more than 20 percent on Monday and that`s good news for Norway. The higher the price of oil, the more they earn. 62 percent of Norway`s export comes from Mineral fuels, oils and distillation products.

We all know that these category is on the way out. So, the “new oil” is fish that stands for 9,5 percent of the exports. In other words; this model is fragile.

The biggest trading partner is the United Kingdom with 22 percent export. Second is Germany with 16 percent. Third; Netherlands at 11 percent, France and Sweden with 6,7 percent. Down on the export list we will fine the U.S at 4,7 percent and China with 2,1 percent.

Two of the biggest trading partners are in trouble. United Kingdom with Brexit and Germany near recession. In addition; we have the trade tension between the U.S and China. As you can see; a higher oil price came at the right point for the fund as 62 percent of the exports comes from oil.

Brent climbed as much as 20 percent on Monday and that is the biggest percentage move since 1990 Kuwait invasion. It jumped up to $71 per barrel in the seconds after the open, before pulling back about half of the initial surge. That was equivalent to $12 increase, and that is the largest gain in dollar terms since 1988. All this is good news for Norway that is dependend on oil.

But the Nobel Peace Prize Country need to wake up, because this won`t last forever. Higher oil prices is good but that is not enough. The Petro dollar can also be a game changer in addition to all the electric vehicles that is flooding the market. Every single EV sold will decrease the demand for oil every single day.

Nor is fish enough. Oil is good especially if you are in a cartel business. You don`t have much competition either because oil is very limited in other countries. 70 percent on this planet is water and there are lots of fish in it. Other countries can start to compete in the fish industry whenever they want. Fish is not as unique as oil. Competitors can pop up and take market shares and push the prices down. Like Russia.

Russian aquaculture is planning a new RUB 1,5 billion smolt plant and that will reduce the dependence of Norwegian fry imports. Russian Aquaculture produces around 18,000 tonnes of salmon and trout on the Kola peninsula, the for northwest of Russia. Among the owners of the company are Maksim Vorobyov, the brother of the governor of Moscow.

Russia will triple the production in 11 years. The deputy head of Russia`s Fedral Agency for Fisheries Vasily Solokov has told Tass that the Russian government is drawing up plans to make salmon production account for 37 percent of all aquaculture by 2030.

Some Russian producers are hoping to increase production to cover one third of the country`s entire salmon and trout consumption. A peninsula in northern Russia which is close to key military bases and nuclear submarines is being used to grow the country`s salmon farming regime.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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NATO not welcome in Trondheim by Norwegian Communists

In autumn 2018, Norway will be the host country for NATOs largest military exercise, known as Trident Juncture. But some people in Norway doesnt like that; The Communists in Norway. They will hold a Anti-NATO demonstration to take place in Trondheim on October 20th.

A few days ago there were many posters in Trondheim with this headline; NATO NOT WELCOME! But 40,000 troops are now in Norway from 30 nations, with 140 combat aircraft, 70 ships and 10 000 military vehicles. What they want is to train for war in central Norway.

According to the Communists in Norway, the exercise costs Norway more than 2 billion NOK and will create pollution for people and the natural environment.

The Communist Party of Norway and the Communist Youth of Norway organize a large demonstration and public meeting against the NATO military exercise on 20th of October 2018 at 13:00 pm in Tordenskjoldsparken in Trondheim.

People have often told me not to buy any American stocks, so I think I know what people I have around me. This is people with a Marxist-Leninist perspective. The same group of people can be seen in Turkey, Poland, Venezuela and Hungary to name a few.

This is people who don`t like capitalism. They are anti-capitalists and fight against what they call «imperialism.»

On their website they have this note; In the European Union the rate of unemployment in women was 10,6% in 2012 and 10,1% in 2014 (Eurostat), while the total number of women living within the limits of poverty reaches 65 million!

They also had this note; In the capitalist world especially in western Europe the labour achievements came as a result of constant and bloody class struggles. The existence of the Soviet Union and the example of the socialist construction forced a significant number of western bourgeois governments to grant some social and labour rights to their people.

However, after the counter-revolution in the USSR and eastern Europe, these social and labour rights were ferociously attacked. Today (in 2016), we live the capitalist barbarity of mass unemployment, underemployment, reduced salaries, mass lay-offs, zero-contract labour relations, child capital`s profitability; from the U.S of the 47 million people who live on the edge of poverty to the European Union of the 25 million unemployment people!

My note: This number is from 2016 and have changed. Unemployed people in the EU is now 17 million while it is 6 million in the U.S.

Furthermore, they say; the public healthcare system that was established in the Soviet Union consists a significant example of socialist construction. In Soviet Russia there was a broad state network of healthcare, based on the centrally planned socialist economy, which provided free services of medical care for the whole population.

In capitalist Russia of Mr Putin, life expectancy rate declined. In 2004 it was at 63 years of age. Furthermore, in capitalist Russia of oligarchs and monopoly groups, healthcare isn`t free and public anymore; numerous state hospitals and clinics closed while large private hospitals were created, the work «accidents» were increased (6,000 deaths every year) and the Russian working people have to pay for the services in the existing public hospitals, the Norwegian Communists say on their website.

They also talk about public and free education system. A unique achievement of Socialism`s construction in the Soviet Union was the complete elimination of illiteracy and the rapid increase of the educational level, and the author came up with this conclusion;

In any sector of the social and economic life, Socialism proved its superiority over Capitalism. And when we talk about «superiority» we refer on how the Socialist system managed to satisfy peoples needs by eliminating the exploitation of man by man.

Capitalism, with it`s anarhist nature in production and the deification of profit, has nothing more to offer to humanity except from poverty, misery, unemployment, inequalities and wars.

The Soviet Union and the socialist states of the 20th century, despite their existed problems, proved that a better world is possible. Despite the temporary historical setback of the 1989-1991 counter-revolution, nothing has finished. The end of history didn`t come, Mr. Fukuyama and dear apologists of Capitalism.

Socialism-Communism is the future of humanity, author Nikos Mottas said. A PhD candidate in Political Science, International Relations and Political History, and the editor-in-Chief of «In Defence of Communism.»

My note: Why do communists always talk about non-profit organisations like health-care systems and educational systems? You can also add the police force and fire department. They are all non-profit organisations. But they do not create something. It`s just a little part of the society and just a cost.

Capitalism and profit organisations are something different. A mix of Capitalism and Socialism and Communism can be a better way. In other words; a mix of non-profit and profit organisations. Its not a question about Capitalism or Communism. Its both. A mix.

You dont buy stocks in a hospital or a police force. Its a non-profit organisation. But you buy stocks in Apple so they can grow and voila; you have a revolutionary product called; iPhone. That`s wealth for you. It made the world a better place. It made your life more easy.

Socialism and Communism are both old words. They belong to the old school and doesn`t sound good at all. Why not change the words? Why not call it “Crowdfunding?” A much better word.

The Communists in Norway will hold a public meeting with the theme «How do we fight imperialism?» and the meeting will take place in Trondheim at 18:00 pm. After the meeting there will be a social gathering.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

 

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