And the country is importing tens of thousands of muslim settlers (2/3 officially noted as frauds) and the Finnish taxpayer is funding it all through the government’s incurring of debt.
This is very much like what the US government is doing, with over 220 trillion in debt, the central bank is keeping interest rates artificially low in order for the federal government to keep paying the interest on its loans. It will all come crashing down on our heads as it must, if nothing is done to reverse course.
NOTE: The law of economics observes no party line, nor rich or poor, it will come crashing down like a hammer. Fraud Keynesian economics are not even being applied properly, there was supposed to be surplus of cash from abundant years to be used during times of lean. These jokers can’t keep their hands off of public money, the statist’s appetite for spending is insatiable.
According to professor the Greek scenario threatens Finland : “Then both schools and hospitals will be closed”
Published:
Aalto University’s finance Professor, Vesa Puttonen, raised a frightening scenario related to the state’s debt in a lecture for high school students on Wednesday at Kulosaari co-educational school in Helsinki.
– If Finland has a debt of 100 billion euros and the interest rate is one per cent, the interest on the debt is 1 billion euros. If interest rates are ten per cent, then the interest on the debt is ten billion euros, Puttonen said.
The situation can suddenly change to be extremely serious.
– If trust is gone, the interest rates bounce. It does not bounce between one and two percent, but to five or even higher. Then there will be a crisis, which cannot be prepared for in advance.
The European Central Bank has pushed interest rates down, which is why in Finland it’s believed that there is room for more debt, Puttonen evaluated.
This thinking can have harsh consequences.
– If we go over the abyss, the servicing of the debt will rise to ten billion, not the kind found in the state budget.Then schools and hospitals will have to be closed. Then someone else will come to arrange our affairs, such as in Greece, Puttonen said.
Puttonen gave his assessment on Wednesday, when he gave a lecture for high school students at Kulosaaren school on Finland’s economic plight and state indebtedness.
