I have a rather contrarian and perhaps even controversial idea. I have been vocal regarding the current and future destruction of the European Union (and continent for that matter)… but I believe that it won’t entirely “go away”.
I believe some places will have capital remain, their language, populations, culture, banking and cyber security system and general way of life will remain intact. On the contrary, Germany or France seems to (as of now) be fundamentally a different society, with different attitudes, laws, people, habits, economy and all of the rest of it. To this end, I think the Nordic countries are going to at least survive the next 10 or more years (even though I think *most* of mainland Europe will not).
Before revealing the list, it’s important to note that i’m not recommending you take any action, (only if you set up a call with Open Door), frankly Europe is in a load of trouble…but if you had to pick your poison, perhaps the Nordics are a hidden gem
List:
1) Iceland is a country I have written about a couple of years ago as being a place that is food and energy secure, with stability, safety and low debt. It’s not on many people’s list for living and for that, I believe it makes it somewhat more stable than what people would expect. Read more about it here: https://imontheball.com/iceland/
2) Denmark is probably the most conservative of all of the Nordics, jokingly being the most social and friendly but also the most racist and xenophobic which translates to being most vocally resistant to their country looking like The Gambia. It’s not only the down-to-earth Danes who are anti-immigration, both political parties are generally anti-immigration (even if their other policies are questionable).
Danish banks are notoriously strict and conservative, but the upside is that they’re not playing the CBDC game like the rest of Europe (and they don’t use the Euro). They hold a stock market that surprising large as it is nearly double the size of the Norwegian equity markets (even larger than Israel, Russia and Mexico’s markets) with many companies not only in a better situation than the rest of Europe, but better than many in New York.
3) Norway…Norway is walking the same direction as the rest of the European Union. Most recently they have had a blunder from their wealth tax and unrealized capital gains tax, forcing billions of dollars outside of the country never to return. Worse yet, the welfare state has never been larger.
Over 42% of Norway’s workforce is employed by the state. Add the unemployed + disability, and over HALF the country lives off the state. Add the private companies dependent on delivering their services to the state or public service, and over half of the country lives off the state
BUT. Despite all of this immoral insanity, Norway has the oil at the end of the day and their sovereign wealth fund that managed to take advantage of the rising equity tides in recent years.
4) Finland. It’s safe, cold, isolated once you leave the capital city. Frankly, not too much goes on in Finland. Newcomers won’t be keen to integrate enough to destroy it since its language is as awkward as its people. I love the joke of: “How do you know if someone is extraverted or introverted in Finland?” –an extraverted will look at your shoes when speaking to you; an introverted will look at his own shoes.
There is the real threat that they’re going to be NATO’s puppet against Russia. But it’s questionable how effective this strategy would be and how viable any of this border territory is for either side. What can it lose? EU will likely collapse before it can manage to totally destroy everything. Do you think the Russians care about Helsinki …?
5) Sweden …ah its probably the exception. It’s screwed. The country has become a no-go zone, which is sad, because Swedes are very tranquil, easy-going people.
6) Åland Islands looks beautiful, extremely safe, demilitarized (a claim to fame they hold). It is relatively unknown, other than the place that wealthy Swedes and Fins have their vacation home in the summer time. I’m not entirely sure what it’s economy is exactly, but I do know there are some sales tax benefits by setting up there. They’re an autonomous region of Finland. It will survive the upcoming problems as a place for young families.
7) Faroe Islands. The set of small islands with amazingly designed tunnels and bridges connecting them. Some bits of scenery look magical. They have higher fertility rates compared to the rest of Europe, they’re homogenous, and they’re fish-secure for their food. A high percentage of their economy relates to fishing. It’s so remote and “off-grid” that I believe they’ll survive as well. There’s the slim upside that they may have oil & gas reserves but, it’s unlikely.
8) Make Greenland Great Again. In all seriousness…Greenland is in no hurry to change much at all. Assuming Denmark (or perhaps the United States) continues to foot the enormous subsidy bill for those living there, not much will change. Perhaps they’ll try to tap some of their mineral reserves in the years to come, but they’ll be going against the ice.
Here’s a stock I wrote about Greenland:
To summarize, their stock markets are filled with low P/E companies that are still growing, hold awesome valuations, who are paying large dividends and always playing it conservative.
What do you think, Europe?
Did this “trigger” you? Or are you going to take action
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