Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 2 (2 Shares)  
Printer Friendly Page Save As Favorite View Favorites View Stats   No comments

OpEdNews Op Eds

Wall Street Says "Buy Krona not Dollars"

By (about the author)     Permalink       (Page 1 of 1 pages)
Related Topic(s): ; ; ; ; ; ; ; , Add Tags Add to My Group(s)

Valuable 2   Well Said 1   Interesting 1  
View Ratings | Rate It

- Advertisement -

Today the Swedish Krona hit a two year high against the dollar and several Wall Street bankers, responding to the precipitous drop in the value of the dollar, suggested that the best place to invest in currency is in the Krona.

I wonder what they would say if someone told these bankers that Sweden is a welfare state where the primary role of government is to protect and promote the economic and social well-being of its citizens by maintaining an equitable distribution of wealth. Sweden's generous benefits, emphasis on maximizing labor force participation, promotion of gender equality and a significant redistribution of wealth is the envy of Europe. Access to benefits are based on residency not citizenship and all residents in Sweden are entitled to nearly all the benefits available to Swedish citizens.

The social security system is designed to ensure a minimum standard of living is based only on residence.

Health care is accessible to all residents and health and dental care is free for children under 18, adults get vouchers.

All workers are entitled to paid parental leave up to 480 days, 60 days for each parent with the rest divided up between them. Also, parents are free to take their days anytime until the child reaches the age of eight or completes his or her first year of school.

All children in Sweden are entitled to a tax free child allowance which is paid until 16 and after 16 all children in full-time education are entitled to a study allowance, with a special large family supplement paid to families with two or more children.

- Advertisement -

All residents and citizens are guaranteed a pension and Sweden invests more of its GDP to care for its elderly than any country in the world.

And guess what- in September 2011, while many US universities will be charging $50,000 per year, a university education in Sweden will be free. It's enough to make a "Tea Partite Quiver".

And Wall Street says invest in the Krona .

- Advertisement -


He has taught in MBA programs for almost 35 years in 2002 he left academe to work for Home Depot where he witnessed the absurdity of corporate life. He is now semiretired and serves on the faculty as an adjunct professor at several institutions. He (more...)

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon

Go To Commenting

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact Author Contact Editor View Authors' Articles
Google Content Matches:
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The Reason Food Prices are Climbing- The Myth of a Shortage

CEOs and Their Need for Money: A Psychoanalysts View of Greed

Creative Destruction-The demise of the brick and mortar university and the looming college debt bubble

The Income Gap and the Egyptian Revolution

How CEOs Loot their Companies: Get a Nodding Bobble Head Board of Directors

CEOs and Their Need for Money: A Psychoanalysts View of Greed (Part Two)


The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
No comments