/biz/ - Business & Finance

>>16191970
Its the Jews

Our shitty new bills that nobody wants to use anymore or even look at or touch

>asking a retarded question on a south Dakotan onions trading forum
you are an idiot OP

>>16191970
> falls from 0.13 to 0.1 euro in 6 years
Get a grip

When 20% of the working population is not working, just sucking government tits and 40% is working for the government, the tiny currency of Norway will be super weak.

>>16191970
Fellow viking here. I haven't really thought that much about why. I just know I get STIFF everytime I see the krone become weaker as most of my liquid assets are in crypto and measured in USD. I don't really know, but maybe it is all the talks about phasing out oil, the massive immigration, the lack of industry other than oil and fish

Isn't it weird being a globohomo nigger lover while simultaneously being entirely dependent on oil money for stability?

You're just as deluded as Arabs, but on a different end of the spectrum.

>>16192000
I forgot about our weapon industry which is big. I don't know how they are doing, but I reckon it is affected by Trump working towards ending meaningless wars. It is a significant part of Norway's income so a drop in this would affect krona negatively. It's snowing today guys, a lot! Feels really good. Soon time to prep the snowboard

You idiots! Just drop your shitty currency and embrace the euro-mess like everybody else.

>>16192034
>Isn't it weird being a globohomo nigger lover while simultaneously being entirely dependent on oil money for stability?
Wanne know something really sad and funny at the same time? The socialist Norwegian government actually called the immigrants "The new oil".
I wish I was kidding. It was kind of a slogan to push for mass immigration

>>16192050
Don’t listen to the Yuropoors, OP

Instead, pay tribute to based Golden Trump and accept Dollarization of your economy. Avoid the terrible fate of Argentina, Venezuela, Italy, Greece, Soviet Union, and all other countries of shit currency. Use the King Dollar and you will have glorious future filled with Trump Towers and F-150s.

>>16191970
Another viking reporting in. Our krone is getting weaker by the year and desu i have no clue why. This is not a bad thing tho, if you are in crypto/gold.

It may be the talk aboit renewable energy, changing the main income from oil to salmon (like thats ever going to happen kek), or as simple as the tax-cut for the rich when the right got voted in. Erna's policy just may have given norwegian scrooges an incentive to invest internationally etc etc.

Could also be related to the ridiculous interest-rate wars between the banks, the student-loan bubble, the real-estate bubble, or the insanely lucrative loaning business in norway.

Anyway, i dont expect much good intel on a japanese fish-fencing board

>>16192063
This. My fucking sides when politicians actually said this on tv. Even my boomer dad went full
> niggerwhat.png

Go back to Kurdistan, Jafar. Stop larping.

>>16191970
canada of europe

Burgertard here, isn't Norway less than fifty million population? Perhaps check other European countries Fiat values and compare them. Your industries surely cannot be that impactful, outside of weaponry. Potentially the military complex has taken a massive hit across the globe and as such the numbers are just correcting world wide.

Might be worth looking into.

>>16191970
I have a question to our fellow norbros. what kinda coins are you investing in? Im looking for a good DeFi project.

>>16191970
monetarism dictates that the only reason can be an expanding monetary supply
your government is printing money in some hidden way. It's always the same. Of course they lie about it.

Its good for our buisness, when krone is low people buy more norwegian products. We still have same price and salary, just more production

>>16192519
6 million population

>>16192519
It's 6 millions, so just a small town in burgerland. The weapon industry might be part of it, but I honestly think it is the destabilization we are seeing because of mass immigration. This will only get worse, so a wise investor would pull out early

>>16192539
It is unironically only one coin that will survive longterm: BitCoin. Check out Unisot a norwegian startup who's using Bitcoin as a dataledger for EDI to track all kinds of products. They are already doing proof of concepts with Norwegian salmon farmers and a furniture producer (ekornes?). The CEO is Stephan Nilsson. He has a few interviews on youtube that's worth watching

>>16192063
>immigrants are the new oil
Oh Henrik, I'm so sorry

Mange i denne tråden vet ingenting om hva de snakker om. Kronen faller fordi det er en mem. Så fort noen oppdager norske statsobligasjoner og den haukete sentralbanken, så kommer kronen til å skyte fart fort. Vi er miniatyrer sammenlignet med resten av verdens markeder og et par rike jævler kan snu alt.

>>16192616
Du har vrangforestillinger om du har troen på den oppstarten

>>16192680
Hva om du heller forteller hvorfor du ikke har troen på dem? Det har ingen hensikt å komme med dårlige fornærmelser som det der

>>16192692
>tror at verdens mest ineffektive og mest miljoskadelige blokkjedenettverk, drevet av inflasjon som etter hvert vil stagnere kan benyttes til å oppbevare data om faens laks
Helt uironisk liksom, det er det dummeste jeg har hort. Det finnes bedre og billigere plattformer enn dinosauren BTC

>>16192727
Bitcoin er ikke ineffektivt. Det er faktisk det mest effektive nettverket som er laget noensinne. Det finnes ingen bedre eller billigere plattformer enn bitcoin. For å presisere, BTC er ikke Bitcoin. Jeg snakker om BSV. Jeg skjonner at dette er fånyttes og jeg er egentlig ikke interessert i å diskutere med deg. Jeg håper i det minste jeg har plantet et fro som kan få deg til å åpne oya for toget drar og du står igjen på perrongen med lua i hånda.

>>16192756
Herregud, tror du faktisk på han villmannen? Så du den videoen som sirkulerte her i går? BSV er en faens scam laget av en schizo.

Du sier det finnes ingen bedre eller billigere plattformer, men du har nok ingen teknisk bakgrunn eller noen annen form for grunnlag til å vurdere dette utover at du er en incel som henger alt for mye på biz? Kom deg ut av soverommet ditt og ut i verden

>>16192756
Hvis du er han taperen fra ifi som går rundt og prover å få fremmede til å lage "BSV protokoller og diverse utviklinger" mens du fikk D på in1010 og sliter med lenkelistwr bare hold kjeft og pell deg fra tråden.

>>16191970
Because your kingdom is refusing to integrate into foreign businesses and sell out completely to appease the new overlords

The most economically productive part of Norway, the western coast, is one of the regions in Europe that will his be hurt the most by climate change, for example through big increases in damaging precipitation and storm events, and decrease in efficiency of catch and breeding of fish due to the warmer and more acidic ocean, and also simultaneously the part that will be hurt the most if we instead try to stop climate change, because we could no longer pump up so much oil. This makes forex investors very nervous for the mid- and long-term future. In addition to that, we are also affected by the brexit troubles, which is estimated to hit the norwegian economy hard too, despite the fact that we are not part of the EU.

1 Krone is = 1 Krone is

>>16192063
>Wanne know something really sad and funny at the same time? The socialist Norwegian government actually called the immigrants "The new oil".
>I wish I was kidding. It was kind of a slogan to push for mass immigration

This is a part of why any smart, capable, or educated Norwegian will emigrate to Britain or the USA to find success. Only the government workers & old people stay.

>>16192616
>using Bitcoin as a dataledger
jesus christ that's stupid
>only one coin that will survive longterm: BitCoin
and this is ignorant

>>16191970
There were 2 times when the NOK was that low against the USD: 1984 and 2000. It will reverse very soon. The USD will depreciate against all currencies in less than a year. The NOK will strengthen.

För helvete Norge. Ska flytta dit nästa år och er krona börjar redan bli sämre :(

Although just waiting for the USD to collapse. Your debt situation is insolvent and will only make it worse unless you declare bankruptcy.

>>16192063
Olaf pls

>>16192928
Hate to break this to you but the US has the same mentality.

Let me narrate something for y'all
During the Roman collapse we saw:
>Currency debasement
>Further Centralization of government
>Femminization of male population + sharp rise in homosexuality
>Society flooded with barbarians
>Increasing rioting as currency debasement and poverty started to be felt
In this period we see:
>Currency debasement
>Centralization of government (Europe)
>Femminization of male population + sharp rise in homosexuality
>Society flooded with immigrants
>Increasing rioting

Make up your own mind. What this means..

>>16193152
You can also replace centralization with non-functioning.

Who the fuck even needs Norwegian currency for anything lmao

it's some shitty unneeded currency that will die off like GBP

>>16193152
>Femminization of male population + sharp rise in homosexuality
>Increasing rioting
any data to prove this? both in roman empire and today's west

>>16193194
Look outside

>>16193152
During the Athenian collapse we saw:
>NO currency debasement (silver standard)
>Rise in populism, but also centralization in the sense of the Delian, Achaean leagues
>Femminization again
>Society flooded with immigrants
>increased warfare

In fact the Athenian collapse is more applicable in the sense that it was a semi-liberal democracy pushing its values. Less applicable in the sense that it was destroyed under warfare (here the Pax Romana is more applicable)

>>16192928
Why would we emigrate to places that are way heavier on the nigger spectrum?

>>16192034
not sure what half the words you used are faggot, but we are 0,08% of the worlds population yet own on average 1,5% of all the stock exchanged companies in the world, you're brain dead if you think oil is fundamental to us in any way
as for op, don't worry about it. Our big exports are traded in USD, so when we sell one barrel of oil, fish or whatever, we get much more cash for it. If you want to cash out crypto, now is a sweet time for it

>>16191970
>Do people here have a decent theory on why norwegiam currency is falling so much?
It's simple enough: your exports have fallen (possibly due to falling oil prices) and your imports have risen.
The balance of trade is self correcting, but the falling currency is part of the self correction process.

>>16191970
look at swedish krona

>>16191970
Norway
>24% GDP based on oil
>2/3 of exports based on oil and gas
Kek! You are going to get fucking rekt.

>>16191970
The jews are currently devaluing all debt fiat worldwide in concert to alleviate pressure in the final system caused by debt saturation. A possible exception is the Russian ruble.

It will fallen even more when Sweden collapse. Both Norway and sweden are past there economic peak. Thats why most of my money is in crypto, I dont want to keep it in a dying currency

>>16193267
>you're brain dead if you think oil is fundamental to us in any way
Never in the history of the internet has anyone ever been more wrong. You win. You are the biggest idiot of all time.
>19% of the Norwegian governments income comes directly from oil revenue
>by oil revenue I mean taxes and dividends paid by equinor as well as net cash flow of SDOE
>god only knows what the % is when you account for all the taxes paid by oil workers, as well as the taxes paid by businesses and other workers who are dependent on the oil industry in some way
>Oil and gas accounts for 53% of Norway's exports
>6% of the Norwegian workforce works in the oil industry
https://www.norskpetroleum.no/okonomi/statens-inntekter/
https://www.norskpetroleum.no/produksjon-og-eksport/eksport-av-olje-og-gass/
https://www.norskpetroleum.no/okonomi/arbeidsplasser/

The income from oil has financed the vast Norwegian welfare state. Once the income from oil is gone, it will be impossible to sustain this welfare state. There will be significant cuts in pensions, unemployment benefits, health care and much more.
The sovereign wealth fund is meaningless compared to our oil. Our current policy, The budgetary rule (handlingsregelen), allows us to drain the fund of 3% every year, which is actually pretty close to the return on investment it gets. The only reason the fund grows is because all the oil money gets shoved in there.
But guess what, once the oil money is gone, we will need to extract more than the return of investment from the fund in order to sustain our current standard of living, and there would be no more oil money flooding into the fund, and the fund would be gone in a few years.
Now that I think about it, I realize that you must have baited me. But that's ok. A lot of people actually believe what you said. The Norwegian government, media, and people all like to downplay the importance of our oil, so I don't blame people for being ignorant.

>>16191970
Ok gutter. Jeg er all in på NKN. Ikke vær slemme.

>>16193194
Lurk more

>>16192063
Unironically bearish for RLC

>>16193836
Our return on the pension fund was equal our return on oil this year btw. We're gonna be an investing nation for the next decades, not an oil/maritime nation.

>>16192616
>using Bitcoin as a dataledger for EDI to track all kinds of products
Have you ever heard of databases? Why Nordics are so stupid?

>>16193152
>muh romans
stop

Maybe if you'd read Norges Bank press releases you'd have an idea what your central bank is doing or how its reacting to currency exchange rates. I don't give a fuck about Norway since I don't speak rune and everything is overpriced there anyway. Currency devaluation or depreciation is only bad half of the time.

>>16192438
Standard fiat inflation coupled with your economy being heavily dependent on oil.

>>16193896
>Our return on the pension fund was equal our return on oil this year btw.
I know. But that doesn't mean what you think it means. The oil industry is still infinitely more important than our sovereign wealth fund.
First of all, the oil industry has wider economic impacts (ringvirkninger) on our country. Taxi drivers are driving oil workers around, restaurants are feeding them, construction workers are building houses for the oil workers to live, etc. etc. The sovereign wealth fund is all invested overseas (for good reason) and creates practically no jobs or benefits for our country at all compared to the oil. The overall income from our oil industry is still much, much, much higher than the return on the fund, but a lot of it is simply impossible to quantify.
Secondly, we currently drain our Sovereign wealth fund of 3% every year. The ROI has been around 4%, so the fund currently barely grows, and it mainly grows because oil money is placed into the fund. And that's now, while our oil industry is still in full effect and we are enjoying the effects of oil.
Just imagine what percentage we would need to extract from the fund in order to make up for the oil industry when it ends.

>>16191983
Thats 30%

>>16191977
I KNOW. They replaced historical figures on the bills with a fucking fish

>>16194329
Name a historical Norwegian more interesting than a fish

>>16194389
gaybo the great

>>16194444
savior of sweden

>Currency experts said that uncertainty relating to Brexit, international trade conflicts and global unrest are all part of the equation which has resulted in the poor position of the krone.
>They say the krone could weaken even further before the end of the year. That's bad news for Norwegians travelling overseas, but great for export business and for the Fund.
>Norwegian central bank, Norges Bank, forecast weak or almost unchanged krone exchange rate until 2022, newspaper Aftenposten reported Tuesday. According to the bank, the reason might lie in Norwegian krone not being attractive enough on the currency market.

>>16194389
Edvard Grieg is one of the all time greatest composers and Edward Munch painted pic related. To your credit, they are still fairly unknown, despite creating some of the most universally recognized works of art.
https://www.youtube.com/watch?v=-rh8gMvzPw0
https://www.youtube.com/watch?v=mlaAKQyOfwE

>>16191970

>>16194668
why did they need the aahhh posters in the 1800s. crypto wasnt invented yet

>>16192756
Kan ikke si mye om det tekniske bak BSV, men hvis du har en scammer (i.e Craig Wright) bak prosjektet er det ett stort rodt flagg. Alltid viktig å se på folkene involvert i ett prosjekt. Måten de oppforer seg på er reflektert i beslutningene deres.

>>16194452
>great for export business and for the Fund.
Yeah the poisoned fish, oil and gas that goes to Britain. Pretty much every other industry got outsourced to asia in the 70s thanks to our shortsighted free-masonic leaders that take orders from the damn jews.

>>16194885
Om det kaller seg Bitcoin og BTC ikke er tickeren deres så er det en scam.

>>16191970

Tax too high.
Gov spends Tax money in wrong way, most of it goes to gibsmedatssss refuuuugheheehes.
Gov Suspends classic fossil ground resource investments.
Nothing much left to say

>>16191979
I have some potatoes I'm trying to move

>>16194668
Nigger please

>>16195291
>Gov spends Tax money in wrong way, most of it goes to gibsmedatssss refuuuugheheehes.

Do you have a source for that claim?

-Typical retarded Norwegian leftist cuck faggot.

>>16194329
>historical figures of raping and pillaging
>seems legit to keep them

>>16191970
Because I assume your currency is free floating and since it’s free floating the speculators are deliberately undervaluing your currency so Norwegian oil is cheap. Norway could always just peg the krone to the Euro or Dollar, or even Franc but then you lose your own monetary policy.

my guess would be because the NOK is heavily dependent on oil prices.

>>16192593
If that's what monetarism dictates, monetarism is wrong! Demand is just as important as supply.

You don't have children, your country is going to die or become a nigger-villle

>>16191970
Globalist jews trying to manipulate the last white utopia into taking in shitsims

I was thinking NOK is the NOrth Korean currency, huh

>>16193959

>>16191977
History is racist and discriminating

>>16195291
If that’s the case your country will be gone soon

>>16194329
History is racist and discriminating

>>16194329
They did the same shit in Argentina.
Jews are trying to erase our history.

>>16192063
>immigrants
>"The new oil"
unreal. and I thought burger news gaslighting was bad.

>>16195879
I just visited Norway.
I was suprised by the price of the cab. I ended up paying 1400nok for a half hour ride. Then he wanted a tip.
Anyways, the cabbie was going on about how they (foreigners) don't need to assimilate and that norway should change for the new people coming in.

I was so stunned by what he was saying, I asked him to repeat it.

It was dark all the time and the beer was super expensive.

I'm not surprised the currency is going down.

>>16197858
Is that a turtle?

>>16197858
>Argentinian pesos
Argentinians should worry about them erasing your money first LMAO

>>16192616
>because of mass immigration
wouldn't explain why your currency falls in value versus the Euro.. since the Euro-zone is equally affected by migration as Norway.

>>16198037
Our money is toast. No way to recover that shit. To the (hyperinflationary) moon!

>>16198216
Is it true that a lot of Argentinians have foreign bank accounts?

>>16198230
If you have a decent amount of money then yeah, it's common. It's worth noting that a foreign bank account can be an Uruguayan account and it takes 3 hours by ferry to get there from Buenos Aires.

Poorfags just store their wealth "under the mattress" in physical USD fiat.

Of course, Bitcoin and other cryptos are growing in popularity.

>>16198265
It's amazing how many Americans here treat the USD as "worthless paper money" that is unstable (and many buy gold and silver) but in other countries the USD is hoarded like it is safe and valuable money.

>>16198367
I was well into my 20s when I realized the USD also has inflation. Compared to our national shitcoin it's the most stable thing ever.

As soon as the jews don't need the US military anymore they will crash the economy.

corrupted police, arabs and albanians fucking up your country.

>>16199492
Literally what?

>>16194444
Checked