Tag: immigration

Immigrants Don’t Grow Economies

Despite importing millions of Arabs and Africans since 2015, the German mortgage market is collapsing, soon to be followed by the real estate market.

According to the latest report issued by the consultancy, the Eurozone’s largest economy saw mortgage lending fall by a record 54% year over year. The report noted, “The decline in March will be even worse due to a base effect, given the record new business of €32.3 billion in 2022.”

The consultancy, based out of Dusseldorf, pointed out that the total new mortgage business figure of €12 billion ($13 billion) in February 2023 was the lowest reading since 2010, adding, “And this does not even take into account house price inflation.”

Germans have been under harsh economic pressures, as a worsening cost of living crisis has merged with rapidly rising interest rates to put the dream of home ownership out of reach for many Germans.

A recent poll of economists by the Reuters news agency found that experts are predicting a much steeper fall in home prices than previously expected as higher interest rates weigh heavily on demand.

It is projected that the average price of a home in Germany will fall 5.8% in 2023, and 2.5% in 2024.

A report by the German Property Federation noted in February that the shortage of housing in Germany was the worst seen in two decades. In addition, new residential construction is forecast to decline even further in the coming year.

The idea that immigrants are not only satisfactory substitutes for the native population, but are actually necessary for the growth of an economy is one of the most poisonous and destructive lies ever told. What we’re seeing in Germany is disproving generations of economic theory that was never based on anything but pure globalist propaganda.

Qualitative matters cannot always be solved by quantitative means.

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The Inevitable Math

The astonishing thing isn’t that this was allowed to happen. We all know why it happened. The astonishing thing is that there are still Boomers who sincerely believe that the USA of 2023 is essentially the same thing as the USA of 1973. But it isn’t.

This doesn’t merely have significant implications for one’s quality of life or the political demographics or the societal infrastructure, it has massive implications for the military capabilities of the US armed forces. As the US no longer has a European military or a powerful manufacturing industry, it no longer possesses the comparative advantages it previously had.

Exactly how much its performance has been degraded is not possible to say, but the demographic changes indicate that the 2020s US military will probably not perform as well as the 1970s US military did. And the early evidence out of Afghanistan and Ukraine tends to support that hypothesis.

With regards to the fate of the country and its population, there are three possible outcomes. And none of them can be reasonably described as either positive or pleasant.

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Rekonquista Kommend

The Green Party of Düsseldorf should be credited for repopularizing Hitler when the history of the German Rekonquista of the 2030s is written:

Germany’s first Arabic-language street sign has appeared in the city of Düsseldorf, and Islamic associations and the Green Party are praising the new development.

“Bilingual street signs are also a symbolic expression of social inclusion. They show that people identify with their district and the diversity of their district,” the city’s Green Party wrote in a statement.

“For several generations, many people, families and tradespeople with a Moroccan and Maghreb background (who) helped to build (Germany) have lived in the district, the Greens wrote, adding that “they deserve respect, admiration and representation.”

The German people survived the Romans, the Huns, and the Soviets. They’ll survive Clown World too. But the reclamation of their sovereignty and their land probably isn’t going to be particularly pretty.

Meanwhile, in France, they’re already burning the homes of pro-immigration politicians.

The house of a left-wing mayor in France, who supports a controversial plan to establish an asylum center in the small seaside town of Saint-Brevin-les-Pins, has been burned down in a suspected arson attack. Police were called to the residence of Yannick Morez early on Wednesday morning after his home and two vehicles were destroyed in the blaze.

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This is What Deflation Looks Like

The failure of Credit Suisse vaporized $17 billion in corporate bonds and another $31 billion in market cap in the last year. That means the Swiss government would have to find nearly $50 billion in new debtors just to stay even:

Credit Suisse said 16 billion Swiss francs ($17.24 billion) of its Additional Tier 1 debt will be written down to zero on the orders of the Swiss regulator as part of its rescue merger with UBS (UBSG.S), angering bondholders on Sunday.

FINMA, the Swiss regulator, said the decision would bolster the bank’s capital. The move reflects authorities’ desire to see private investors share the pain from Credit Suisse’s troubles.

Chair Marlene Amstad said FINMA had stuck to the country’s “too-big-to-fail” banking framework in making the decision.

It means AT1 bondholders appear to be left with nothing while shareholders, who sit below bonds in the priority ladder for repayment in a bankruptcy process, will receive $3.23 billion under the UBS deal.

Engineered in the wake of the global financial crisis, AT1 bonds are a form of junior debt that counts towards banks’ regulatory capital. They were designed as a way to transfer risks to investors and away from taxpayers if a bank gets into trouble.

This is why “printing money” doesn’t work in a credit economy. Yes, it’s easier to generate the meaningless digits on a balance sheet than it is to print paper, but it’s not so easy to produce new borrowers. And mass immigration has completely failed to provide the answer it was intended to be, because the immigrants are far less inclined to service their debts.

Now do you see why the failure of the Clown World economy was always inevitable?

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Nothing Left to Steal

The more diverse and vibrant the city, the fewer private services will be available to anyone.

Amazon has announced it will be closing several grocery stores in high crime cities like NYC, Seattle and San Francisco, but claims the measure is related to “cost-cutting”. The retail giant said it would be permanently shutting down eight of its 29 Amazon Go stores, which are designed for maximum convenience as the shopper can just scan the items as they leave, with no staff required.

Walmart is also closing its final two stores in Portland, but cited the same ‘profitability’ excuse as Amazon, prompting widespread skepticism. Jeremy Girard of the Oregon Retail Crime Association says shoplifting in the city has a “crisis level” and stores are losing $5 million per year to theft.

So, the good news is that diversity can freely steal whatever it can get its hands on with no legal consequences. The bad news is that there is no longer anything to steal.

This is why retreat is not a viable long-term strategy. The parasites always go where the hosts are.

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Indian Programmers Can’t Program

This is not exactly news to any of us in the game industry:

Talent shortage is acute in the IT and data science ecosystem in India with a survey claiming that 95 per cent of engineers in the country are not fit to take up software development jobs.

According to a study by employability assessment company Aspiring Minds, only 4.77 per cent candidates can write the correct logic for a programme — a minimum requirement for any programming job.

Over 36,000 engineering students form IT related branches of over 500 colleges took Automata — a Machine Learning based assessment of software development skills — and over 2/3 could not even write code that compiles.

The study further noted that while more than 60 per cent candidates cannot even write code that compiles, only 1.4 per cent can write functionally correct and efficient code.

While the very best Indian programmers can be excellent indeed – the star programmer at my father’s company in the 1980s was an Indian immigrant who created what became the de facto interface for AutoCAD – on average they are clueless, incompetent, lazy, and in the collective, totally unable to successfully complete programming projects no matter how well defined and designed.

Fortunately, I’ve only had to work directly with one team of Indian programmers, who were responsible for completing a gamified training program I designed for 3M. Despite being selected and vetted by 3M, they proved to be absolutely unable to deliver even the most basic tasks in a reasonable manner or time frame.

This demonstrates, yet again, that immigration and outsourcing are not only not beneficial to an advanced national economy, but rather, are much more likely to be a significant detriment to it.

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Sweden Heads Toward Bankruptcy

The Swedish economy is collapsing due to an ongoing housing market crash:

Bankruptcies in Sweden soared for the seventh consecutive month in February amid declining household consumption and growing pressure on construction companies from an ongoing housing-market crunch, Bloomberg reported this week.

A severe slump in Sweden’s real estate sector has damaged the Nordic region’s largest economy, which is struggling with surging consumer prices and growing interest rates. The country has been facing its worst housing-price plunge in three decades, which has led to a reduction in investments in new dwellings.

The situation has contributed to a surge in defaults in the country. According to the media outlet, citing credit reference agency UC, the number of bankruptcy filings in February jumped by 11% year-on-year.

Fortunately, the “humanitarian superpower” has plenty of migrant manpower on which it can rely to rebuild the economy. After all, immigration is good for the economy, right?

Anyhow, this is coming soon to the US economy as well.

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She Has to Go Back

Nimrata Randhawa aka “Nikki Haley” doesn’t even understand the laws of the United States of America well enough to realize that she is not eligible for the office of President for which she is presently running, not being a “natural born citizen”.

Ann Coulter’s comments are not only sensible, they are characteristically biting.

“Why don’t you go back to your own country?” Coulter said. “Her candidacy did remind me that I need to immigrate to India so I can demand they start taking down parts of their history,” she said. “What’s with the worshipping of the cows? They’re all starving over there. Did you know they have a rat temple, where they worship rats?”

Coulter also called Haley a “bimbo” and a “preposterous creature,” criticizing her for having advocated removing the Confederate flag from the grounds of the South Carolina Statehouse in the wake of the 2015 shooting at Emanuel African Methodist Episcopal Church in Charleston.

“This is my country, lady,” she said. “I’m not an American Indian, and I don’t like them taking down all the monuments.”

Coulter is absolutely right. I am an American Indian and I don’t like invasive species like homo punjabiens taking down American monuments either. The speed with which the invaders have already managed to seize leadership over international corporations and national governments alike, much to the detriment of the native populations of the USA, the United Kingdom, and Ireland, is remarkable, thereby testifying once more to the short-sighted foolishness of empire.

Empire is the decision to enrich yourself at the expense of foreigners who will rule over your great-grandchildren. Consider the case of Great Britain. The British Raj was established on August 2, 1858, when the British Parliament passed the Government of India Act that formally transferred British power over India from the East India company to the crown. On October 25, 2022, the Punjabi Brahmin Rishi Sunak became Prime Minister of the United Kingdom.

Being an American Indian, I tend to recognize the obvious and intrinsic danger of mass immigration rather better than Americans or Europeans do, as the majority of them still genuinely believe that so long as the invader isn’t armed and wearing a uniform, he isn’t an invader. They haven’t had their land formally seized by their foreign rulers and been forced onto reservations, not yet. Americans and Europeans are still in the “retreat and hope they go away” phase.

Guess what? They never go away. Occupying armies go away. Mass immigrants don’t, not voluntarily.

Contrary to the historically ignorant popular opinion, military invasion is actually far less destructive to a nation than a mass immigration. Paris was invaded and occupied by German soldiers, and it remained Paris. Afghanistan, Iraq, and Vietnam were all invaded and occupied by US soldiers and they are still Afghanistan, Iraq, and Vietnam.

But Detroit was mass-immigrated by Africans and it is no longer Detroit except in name. Palestine was mass-immigrated by Jews and it is no longer even Palestine by name. If the current trends continue, by the year 2100 Australia will be Chinese and Sweden will be the first Arab country on the Baltic Sea.

History suggests these trends will not continue. I anticipate that Reconquista 2.0 will take place in the aftermath of WWIII, once Clown World has been defeated and the immorality of multiculturalism and mass immigration is correctly blamed for the horrors of the war.

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When Citizens Suddenly Aren’t Citizens

It’s fascinating to see the same people who insist that Paper US Citizens are real true Americans every bit as American as the Sons and Daughters of the American Revolution now trying to affect outrage by Ukraine drafting Ukrainian citizens.

One of worst examples of Zelensky’s forced conscription for NATO’s messy grinder is Kiev’s attempt at ethnically cleansing Hungarian men from Transcarpathia, more state racism by Ukraine, shades of Nazism.

But they’re not Hungarian citizens, they’re Ukrainian citizens. They’re no more “Hungarian” than the US citizen who just happens to come from Mexico is Mexican. Have we not been repeatedly told that citizenship involves paper and geography, not blood and genetics?

And isn’t it fascinating how the redefinitions are redefined as required for rhetorical purposes?

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Puzzled by the Productivity Slump

Clown World’s economists are perplexed by the “strange and awful” 50-year decline in US construction productivity.

Measurement error alone cannot explain the decline in US construction productivity over the last 50 years, with evidence pointing to the sector’s deteriorating ability to transform intermediates into finished products, and to the allocative inefficiency of construction inputs.

Despite aggregate productivity for the US economy having doubled over the past 50 years, the country’s construction sector has diverged considerably, trending downward throughout that period. And this is no slight decrease. Raw BEA data suggest that the value added per worker in the construction sector was about 40 percent lower in 2020 than in 1970 (see Figure 1).

How can a sector like construction, with average value-added of 4.3 percent of GDP between 1950 and 2020, experience such a precipitous decline in productivity relative to the rest of the economy? To answer this question, researchers have focused on issues relating to data measurement, hypothesizing that measurement errors largely explain this phenomenon. This new research updates some of those efforts and, importantly, extends them to investigate other hypotheses to find the following:

Using measures of physical productivity in housing construction (i.e., number of houses or total square footage built per employee), the authors confirm that productivity is indeed falling or, at best, stagnant over multiple decades. Importantly, these facts are not explained by the incidence of price measurement problems. Instead of data error, the authors investigate two other possible explanations. First, they find that the construction sector’s ability to transform intermediate goods into finished products has deteriorated.

And second, the authors describe the curious fact that producers located in more-productive areas do not grow at expected rates. Indeed, rather than construction inputs flowing to areas where they are more productive, the activity share of these areas either stagnates or even falls. The authors suggest that this problem with allocative efficiency may accentuate the aggregate productivity problem for the industry.

Interestingly enough, US hourly wages have also been stagnant since 1972. Now, whatever could possibly have happened to the labor force that would make it less productive?

It couldn’t possibly be immigration effecting a qualitative change in the workforce, could it? It’s not possible that a predominantly white male work force might be more productive than a sexually diverse, nationally diverse work force, right? No, surely not, because we are reliably informed that immigration is always good for the economy. Just maybe not for wages and productivity and per capita wealth.

But the resultant growth in debt and spending makes up for it, so it’s all good, right?

Even while Clown World is collapsing and burning before their eyes, these wicked morons will be convinced that everything is fine because their spreadsheets produce the expected numbers.

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