Be Mindful of Disaster
This is a message towards those offshore service providers & travel vlog types that are insistent on their selling of countries in the European Union–as though times were similar like 20 years ago. Do they have a place in your portfolio or travel fun? 100%. However, the trend is absolutely against Europe in a way that perhaps it never was before. We are looking at the complete end of the continent as we know it. Again, Europe has an important place for you, namely the places I note at the end, but it’s very dangerous to ignore these realities. Here are some charts and paragraphs that I hope to elucidate & support this statement. Please grab our free newsletter
Europeans are being replaced like never-before. An outdated report (because that’s just how the Euro-bureaucracy gets things done) have highlighted a trend in motion at full throttle.
Citizenship granted to almost 1 million people in 2022
In 2022 alone, 989 000 people acquired the citizenship of the EU country where they lived, an increase of around 20% (+163 100 people) compared with 2021. Of course, the real increase in migrants was visible since 2011 AND that this only accounts for citizenship; permanent and temporary residencies as well as asylum seekers are a whole other category to classify. The 2023 and 2024 numbers are yet to be posted as well.
Most of the new citizenships were granted by Italy (213 700; 22% of the EU total). Spain (181 800; 18% of the EU total) and Germany (166 600; 17%) granted the second and third highest numbers of new citizenships, all of whom had tremendous increases compared to 2021. It’s no surprise that 87% of all those granted an EU citizenship were citizens of a non-EU country. Which countries you may ask? Morocco, Syria and Albania are the top three. In fact, in Spain, 70% of all the new Spanish citizens are Moroccans (historically, this is a bad idea…).
I recommend reading Douglas Murray’s, A Strange Death of Europe, written almost 10 years ago now. However, back then, I believe he stated a well-made case that Europe was already pretty much dead. Contact me & I'll sell you my copy.
Much of what we try to find at Open Door is the latest place to set up your business or tax residency and…
The number one culprit that you and I both face is without a doubt, the European Union. They have been the most aggressive in blackmailing or paying off smaller less sovereign countries to adopt their tax and banking laws to reduce your privacy, your freedom to do what you aim with your own capital and your ability to open accounts. The European Union not only want to ensure they continue to tax their citizens till there is nothing left but they are determined to destroy the economic engines around them as well. The end result is that the most forward-looking and wealthiest individuals and companies are or already have, jumped ship. This means less production, less wealth, less tax revenue–> which further aggravates the migrant crisis & inflation trap.
“Europe’s economy failed to expand at the end of 2023, dragging out the stagnation for more than a year amid higher energy prices, costlier credit and a downturn in former powerhouse Germany“
The EU has proposed a tax on high-carbon imports, encouraging countries outside the EU to put a price on CO2 emissions by preventing EU industries from relocating to areas with weaker laws.
The end result of the above is that less goods are produced (raising the price) and that businesses decide not to import into the Union–> less ‘stuff’ for Franz and Dasha.
“The number of children born in the EU has been declining since 2008, when 4.68 million children were born. The total fertility rate in 2022 was 1.46 live births per woman in the EU, which is another decline”. Europeans themselves are dying faster than they are replacing themselves, and instead are being replaced by 3rd worlders (or integrating with them). Already you’re seeing these countries resemble the Middle East and Africa as opposed to ‘Europe’. I’ve heard a joke that the last remaining European city will be… Buenos Aires.
At Open Door, we help you reduce these numbers legally
The above is the pension entitlements by each European country. Please note that this doesn’t include any medical coverages, any discretionary spending, any defence spending, any other public benefits of any sort. In the blue we can see the funded liabilities and in the gold we can see the unfunded liabilities (again, solely looking at pensions). Amazingly, this is against the GDP (or economic output of the countries themselves). The pension entitlement payouts range between 250-500% of the ENTIRE economies of these countries. Again, consider how narrow of an expense this is compared to the total obligations that each countries face. Further, consider that Germany, Netherlands and France are greatly responsible for the GDP of all the other European countries and the business killing regulations/tax policies of these nations are shrinking the GDP universally (enhancing the size of this ratio).
The only exceptions are Denmark (below 100%), Iceland (once you subtract the fundable payments) and perhaps Switzerland given the fact that a lot of the debt they hold is external. The point being here is that the days of prosperity in Europe hold an expiry date. The place is being replaced by 3rd worlders (who are another liability on the treasuries) and the locals are looking to leave or are being squeezed out of their wealth.
Truth be told I hate writing about Europe, namely the European Union. Why? Because I’m aware that I’m leaving so many charts, comments and graphs out of my posts for you guys & gals. Writing about Europe always gives me lots of material though! Hats off to the Visual Capitalist. <–Click the link to find out more
Do you want to know where we recommend in Europe? Please sign up below for our Newsletter to find out.
