patrick.net

Meanwhile in Poland:

Norway invests its money for social security and government pensions in the stock markets of the world.

https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Norway

I realize the US Social Security Trust Fund only invests its surplus in US Treasury Notes. It has to along with the Federal Reserve to buy US debt like treasury notes. If not, then the US government could not effectively sustain government operations and debt service. If the demand drops by Social Security not buying US debt, then the interest rate for US debt like 10 year Treasury Note would increase significantly. This will make debt service even more difficult for the US government. Also it could have additional effect on raising mortgage rates.

AD says

Norway invests its money for social security and government pensions in the stock markets of the world.

While they probably average pretty good returns with that, they are also risking disaster if there is a global stock market crash.

Patrick says

AD says

Norway invests its money for social security and government pensions in the stock markets of the world.

While they probably average pretty good returns with that, they are also risking disaster if there is a global stock market crash.

Patrick, I would suspect Norway invests no more than 40% in stocks in its sovereign wealth fund.

That is why I like Vanguard's Lifestrategy Funds. Each is a fund of funds.

The Lifestrategy Conservative Growth Fund is 40% stocks and 60% investment grade bonds.

I like Vanguard Target Income Fund (VTINX). It has returned 5.4% annually since its inception in 2003. Its worst year was in 2008 when it returned -11%.

I think pension funds need to earn about 6% a year. Investing in VTINX gets you close to that.

Tenpoundbass says

Tenpoundbass, my wife grew up in the Soviet Union during the 1980s and lived in Kiev and Saint Petersburg.

She said Soviet stood for Socialist Workers State. Any one who was able to work and did not contribute to the works state was labeled essentially a traitor. They risked being sent to re-education and work camps in the far regions bordering the southern provinces and China, as well as northeastern Russia.

https://www.breitbart.com/europe/2020/03/01/populist-right-wins-parliamentary-elections-slovakia/

Populist Right Wins Parliamentary Elections in Slovakia

Booger says

Wow 100 years! Too bad half of it was under the occupation of totalitarian powers.

I went to Poland way back in '96. I stopped in Krakow and realized why the Poles let the Germans take it without a fight in WW2; what a beautiful city!

I took a night train to Warsaw. Got off the train at dawn, walked around the soviet architecture, found breakfast, and jumped on a train to Berlin. Never made it to old town but Warsaw was not pretty.

Booger says

That's a good idea, and should be in Chinese as well.

There are lots of young Chinese who have literally never heard about the Tiananmen Square Massacre.

Hungary Votes 134-56 to End Legal Recognition of Trans People

https://nationalfile.com/hungary-votes-134-56-to-end-legal-recognition-of-trans-people/

Voting...imagine that ! ! !

The US never got to vote for legal recognition of Trans people. I think if we brought up the measure for vote the liberals would freak the fuck out.

Misc says

Voting...imagine that ! ! !

The US never got to vote for legal recognition of Trans people. I think if we brought up the measure for vote the liberals would freak the fuck out.

Hey!!! The electoral college is rigged!!!!

Try bringing the measure up for a State ballot referendum.

https://cnsnews.com/blog/michael-w-chapman/ikea-manager-charged-firing-catholic-employee-who-criticized-lgbt-event

IKEA Manager Charged for Firing Catholic Employee Who Criticized LGBT Event

An IKEA manager in Krakow, Poland has been charged with violating the religious freedom of a Catholic employee who was fired last year for objecting to the company's internal corporate support of homosexuality and the LGBT agenda.

The IKEA human resources manager was charged by the prosecutor's office in Warsaw and, if found guilty, could face a fine or up to two years in prison, reported U.S. News & World Report. The Catholic employee has also filed a civil lawsuit against the company.

T-Shirt from Poland:
"Don't cry over the black guy"

https://neonnettle.com/features/1776-slovakia-bans-mosques-nationwide-effectively-banning-islam-from-country

Slovakia Bans Mosques Nationwide, Effectively Banning Islam from Country

All Western nations should ban mosques.

Every mosque is an enemy military base.

ad says

Any one who was able to work and did not contribute to the works

In other words they don't have a generous six months unemployment benefit?

ignoreme says

Hey!!! The electoral college is rigged!!!!

And thank God the founders had the prescience to make it that way.

In Bulgaria:

Booger says

In Bulgaria:

looks like soccer fans, they are the most feisty - I wonder who was the opponent of Ultra CSKA Sofia

I'm convinced they’re putting super male vitality in the water over there instead of fluoride.

Polish freedom of speech bill: Under its provisions, social media services will not be allowed to remove content or block accounts if the content on them does not break Polish law.
https://polandin.com/51388314/justice-minister-announces-online-freedom-of-speech-bill

Maybe it's time to brush up on my Polish. I took one semester after visiting grandma's town of Tuliszków when I was in college.

zzyzzx says

Make it billions and that is for each occurrence make it more effective.

I love Poland!

https://www.zerohedge.com/geopolitical/putin-signs-law-enabling-sanctions-us-social-media-giants-restrict-or-label-russian

Hungary Orders Publisher To Include Warning Label On Children's Book That Depicts Homosexuality As Normal

https://christiansfortruth.com/hungary-orders-publisher-to-include-warning-label-on-childrens-book-that-depicts-homosexuality-as-normal/

POLAND, how is it getting RICH?
https://www.youtube.com/watch?v=F1F1c3osIDg

Patrick says

Booger says

Hungary Orders Publisher To Include Warning Label On Children's Book That Depicts Homosexuality As Normal

https://christiansfortruth.com/hungary-orders-publisher-to-include-warning-label-on-childrens-book-that-depicts-homosexuality-as-normal/

This is a wise decision. Gayness is a life-shortening disease spread through pedophilia and propaganda.

I'd agree on one point, it should certainly not be taught to children. At most, they should be made aware it exists, not that it is "normal behavior".

I've known quite a few gay people, trust me, they're stuck with it, but it shouldn't be promoted. The problem is at 13-15 most boys would fuck anything with a warm moist hole.

https://rmx.news/article/article/polish-football-players-refuse-to-kneel-for-blm-at-wembley-stadium

Polish footballers refused to kneel in support of Black Lives Matter and instead they pointed to a “respect” label on their jerseys

zzyzzx says

Catholic employee who was fired last year

Poland is 93% catholic