Comments by "Rimrock300" (@Rimrock300) on "You won't believe what Norway just found!" video.

  1. the people do not always know their own best..at least when it comes to economics. sadly.
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  2.  @northdakotaham1752  Your family left Norway recently, like 20-30 years ago?) Since your name state North Dakota I will guess we rather talk 100+ years ago during quite different conditions ? Anyway, there are always some citizens that are behind economically, and that will complain, for less or more good reasons. And it's naturally allowed to complain, but the situation described above is not the standard. Sure, have been price hikes in Norway too the last few years, like in the US and most countries, but generally Norwegians are well off compared to most of Europe. Families of those not leaving Norway for America have generally made it fine) Sure, there are exceptions, like in any country
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  3.  @northdakotaham1752  I see. First of all it's good there are no regrets your forefather left Norway, and his family likely have been thriving welll in the new place. And there should be no regrets naturally to the hundreds of thousands norwegians seeking better opportunities in the US. Norway got relativley overpopulated in a period from 1850's and forward, much due to better medicine, more children surviveing, but aviable jobs and farmland did not grow in a similar pace, so there was better opportunities other places to many people. Average standard of living Norway was behind the average of the US for many years after your forefather left, but from 1960's, 1970, it did catch up and since have kept rising, but last 10-20 years been flattening out. No secret that discovery of oil in 1960's was a big change to the economy, but Norway would been more into other businesses and fine off today too, without the oil. the government keeps a strick control of money spending, but no doubt a conciderable amount of oil money have trickled down to all layers of the population through pensions and salaries. (but someone always will wish more, even they are fine off already, and others defently should had gotten a bit more) Many neighbourhoods have been changed a lot the last decades, old replaced wit modern building complexes. Some neighbourhoods have stayed similar looking for years regarding relatively small houses and older appartments. What was neighbourhoods to 'ordinary workers' some years ago now often are mostly low cost housing to refugees and locals that for different reasons are in the lower end regarding income. And there is also the many cases where norwegians prefare kind of a frugal life, especially in the countryside, and are just okay with living in a small house, have an older car, but got a million on the bank account that has been building up through the years) The original comment you replayed to did describe what a economical situation can look like to someone in a low income household in these days of strong inflation. It's true, and sad, but it is not representative to the average norwegian household even most feel the inflation, and some have taken too much loans during a period with low rates. Typically the generation of Norwegians that where born up until the 1930's where the last ones to be born into 'hardship', in families living pretty basic lives with ittle money like on a small farm in the countryside. There are naturally, sadly, people that are less well off in Norway even if the state is rich in general, but there is nothing like what one can see in some places like in the US with people living in run-down shacks or on the streets. My point is, the family of your great grandfather, most likely a hardworking and industrious person doing what he did seeking new opportunities, would most likely been just fine off economically today in Norway, and out of the lower income housing neighbourhoods years ago, but it would taken a couple of generations longer to get to that point) This said, Norway is have by no means an perfect economy and system, there are always room for improvements, some people will always be at the lower end of income, and some will never be happy, but in general most people have no real reason to complain about economy even if standard of living can swing a bit with inflation, rates up and down, wage increases delayed
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  4. EU is the biggest tradepartner. One can say 'screw you', but things will be more expencive, and norwegains will complain even more
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  5. The wealth gap in Norway is small compared to most countries around the world. Taxes are on European average.
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  6. Lol....'voted to be under Russia' Like there where ANY other option AT ALL to the small part of the original population still left there. The 'voting' was natrually a 100% arranged 'happening' from the side of the regime, like the russian preseidental elections, in order to make the invasion seem 'legit'. It's just the standard way the Russian regime do it when expanding their territory
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  7. So there are no Russian soilders and tanks in Ukraine?
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  8. The government are generally positive to it, and the company with the rights are positive they can extracted from the resource in a sound economically way. But there are partly big objections among locals that worry about the open pit mine planned and deposit of surplus material. The mine would bring many new jobs, but most locals already got good jobs and enjoy walking in nature. Within 2030 possible a decision made. I guess it will happen, but will be some years of fights
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  9. Generally big currencies as Euro and USD has became more popular among traders than small currencies since the pandemic. Because of big income from oil and gas, high raise in prices last few years, more money than ever to be put into the Norwegian pension fund, which means large amounts of NOK have sold to buy EURO and USD for the pension fund, that only invests abroad. With not so large interest for a small cureeny like NOK, prices will go a bit down when Norway wants to sell a lot of it.
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  10.  @erlindaekvall6229  To repeat, just refering the large Norwegian currency trade of NOK to USD/EURO in order to invest in foregin stocks and properties via their Pension Fund, or Oil Fund some like to call it. The size and strenght of the Pension fund is part of the reason of the NOK has been getting lower lately due to less interest of smaller currencies as the NOK in the market. there are a mix of other reasons to, it's complex. All in all it's no big deal to the country so far that the currency have declined, as the income of the country is far higher than the expences. Norway could lock the NOK to Euro, to keep the currency more stable and stronger, but they see more cons than pro with it.
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  11. Totally out of Norway's mindset and culture to get involved in vandalism like destruction of a foregin pipeline. The pipeline was not active and would not been until possible far into the future. Norway got no lack of income and customers wanting natural gas
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  12. We want the raised standard of living in society that power and natural resources are important factors of, but no one like a wind turbine or mine in their backyard, better place it 'someone elses backyard', Africa or somewhere. Sure, it would been the best to avoid any human interferance in nature.this potential mine not of big economical importance, but the resources important to Europe. The governemt will possible push this through in the end, as long as the operator wants to go agead and can prove it's profitable. The operator agreeing to give a present in form of a sports building, swimmingpool, and local protests calm down?)
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  13. Cheaper food, gas,electric will not change much, sadly. This because the Norwegains will just buy other stuff for the money saved, and prices will continue rising.
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  14. Biden can't find his way down a podium on his own. Sorry.
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  15. there will always be people unhappy about politicans, nomatter who is elected and put in office. All in all EU has been positive to countries of EU
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  16. Not all feel lucky it seems...Not those who think they might get all the vaste material in their backyards. I think the chance of the mine to start is a bit higher than not to.  @FR-PL-UA-WARSZAWA 
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  17. Main challenges in general regarding making use of natural resources are it have to be economically worthwhile for the operators/owners, and there are local enviroment issues. With this possible phosphate mine in southern Norway there a big concerns among the local populaton about where ll the left overs from the mining, will be deposited. There is n ongoing fight to stop it. Protesters will be able to slow the process, but I think in the end the government will make it happen. The possible mine will be a small business in the big picture in Norway, but it is a important resource for use within Europe
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  18. Canada; step up.
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