Best of the Week
Most Popular
1.US Paving the Way for Massive First Strike on North Korea Nuclear and Missile Infrastructure - Nadeem_Walayat
2.Trump Reset: US War With China, North Korea Nuclear Flashpoint - Video - Nadeem_Walayat
3.Silver Junior Mining Stocks 2017 Q2 Fundamentals - Zeal_LLC
4.Soaring Inflation Plunges UK Economy Into Stagflation, Triggers Government Pay Cap Panic! - Nadeem_Walayat
5.The Bitcoin Blueprint To Your Financial Freedom - Sean Keyes
6.North Korea 'Begging for War', 'Enough is Enough', is a US Nuclear Strike Imminent? - Nadeem_Walayat
7.Bitcoin Hits All-Time High and Smashes Through $5,000 As Gold Shows Continued Strength - Jeff_Berwick
8.2017 is NOT "Just Another Year" for the Stock Market: Here's Why - EWI
9.Gold : The Anatomy of the Bottoming Process - Rambus_Chartology
10.Bitcoin Falls 20% as Mobius and Chinese Regulators Warn - GoldCore
Last 7 days
The Passive Investing Bubble May Trigger A Massive Exodus from Stocks - 18th Oct 17
Gold Is In A Dangerous Spot - 18th Oct 17
History Says Global Debt Levels Will Lead to Another Crisis - 18th Oct 17
Deflation Basics Series: The Quantity Theory of Money - 18th Oct 17
Attractive European Countries for Foreign Investors - 18th Oct 17
Financial Transcription Services – What investors should know about them - 18th Oct 17
Brexit UK Vulnerable As Gold Bar Exports Distort UK Trade Figures - 18th Oct 17
Surge in UK Race Hate Crimes, Micro-Racism, Sheffield, Millhouses Park, Black on Asian - 18th Oct 17
Comfortably Numb: Surviving the Assault on Silver - 17th Oct 17
Are Amey Street Tree Felling's Devaluing Sheffield House Prices? - 17th Oct 17
12 Real-Life Techniques That Will Make You a Better Trader Now - 17th Oct 17
Warren Buffett Predicting Dow One Million - Being Bold Or Overly Cautious? - 17th Oct 17
Globalization is Poverty - 17th Oct 17
Boomers Are Not Saving Enough for Retirement, Neither Is the Government - 16th Oct 17
Stock Market Trading Dow Theory - 16th Oct 17
Stocks Slightly Higher as They Set New Record Highs - 16th Oct 17
Why is Big Data is so Important for Casino Player Acquisition and Retention - 16th Oct 17
How Investors Can Play The Bitcoin Boom - 16th Oct 17
Who Will Be the Next Fed Chief - And Why It Matters  - 16th Oct 17
Stock Market Only Minor Top Ahead - 16th Oct 17
Precious Metals Sector is on Major Buy Signal - 16th Oct 17
Really Bad Ideas - The Fed Should Have And Defend An Inflation Target - 16th Oct 17
The Bullish Chartology for Gold - 15th Oct 17
Wikileaks Mocking US Government Over Bitcoin Shows Why There Is No Stopping Bitcoin - 15th Oct 17
How to Wipe Out Puerto Rico's Debt Without Hurting Bondholders - 15th Oct 17
Gold And Silver – Think Prices Are Manipulated? Look In The Mirror! - 15th Oct 17
Q4 Pivot View for Stocks and Gold - 14th Oct 17
Gold Mining Stocks Q3’17 Preview - 14th Oct 17
U.S. Mint Gold Coin Sales and VIX Point To Increased Market Volatility and Higher Gold - 14th Oct 17
Yuan and Gold - 14th Oct 17
Tips for Avoiding a Debt Meltdown - 14th Oct 17
Bitcoin Hits New All-Time High Above $5,000 As Lagarde Concedes Defeat and Jamie Demon Shuts Up - 13th Oct 17
Golden Age for GOLD, Dark Age for the Stock Market - 13th Oct 17
The Struggle for Bolivia Is About to Begin - 13th Oct 17
3 Reasons to Take Your Invoicing Process Mobile - 13th Oct 17
What Happens When Amey Fells All of a Streets Trees (Sheffield Tree Fellings) - Video - 13th Oct 17
Stock Market Charts Show Smart Money And Dumb Money Are Moving In Opposite Directions—Here’s Why - 12th Oct 17
Your Pension Is a Lie: There’s $210 Trillion of Liabilities Our Government Can’t Fulfill - 12th Oct 17
Two Highly Recommended Books from Bob Prechter - 12th Oct 17

Market Oracle FREE Newsletter

3 Videos + 8 Charts = Opportunities You Need to See - Free

Financial Sanctions Against Hungary, Poland, Czech, Slovakia Syrian Refugee Migrants Hypocrisy

Politics / Refugee Crisis Sep 18, 2015 - 03:07 PM GMT

By: Nadeem_Walayat

Politics

It speaks volumes that those eastern european nations of Poland, Hungary, Czech and Slovakia amongst others that have over the past decade alone sent over 10 million ECONOMIC MIGRANTS westwards, demanding full equality in every respect, and receiving it despite putting nations such as the UK under immense pressure in terms of social services and housing as a consequence of an influx of 4 million Polish, Hungarian etc. economic migrants are now themselves not even wishing to entertain more than a handful of syrian refugees to seek refuge in their sparsely populated heavily depopulated regions.


This is the truth of the European Union and the fraud that has been perpetuated on nations such as the UK and why the people of the UK should vote to leave the European Union in May 2017. For decades the people of Britain have had to swallow the propaganda for not only allowing entry to over 4 million european economic migrants with equal rights to that of every British citizen but that the UK as a net contributor to the EU has been FORCED to pay to subsidise the lifestyles of economically, socially and political backward eastern european nations such as Hungary.

Collectively the eastern block reaps well over Euro 20 billion per annum in EU subsidies, therefore in light of their neo-naziesk behaviour, should have all subsidises suspended until they start to behave in a civilised manner. A simple test for Hungarians would be if those residing in for instance the UK were treated in the exact same manner that Hungarians are today treating Syrian families, i.e. corralled into pens, pepper sprayed, or like animals have food thrown at them at feeding time. Of course in a country such as the UK that is not going to the happen because unlike Hungary, Poland, Czech and Slovakia the UK is a civilised nation despite the hordes of economic migrants from eastern europe that have brought their fascist ideologies along with them that I am sure in some years time will start to become manifest in cities and towns throughout the UK as they attempt to carve out enclaves of little Poland's or little Hungary's with the exact same neo-nazi-esk mindset as we are witnessing across Eastern Europe today.

The facts are that Hungary and other eastern european states are far right neo-nazi states that have been allowed to infect the european union with their fascist ideologies, Hungarians in Britain pose just as great a threat than for instance do Islamic fundamentalists. However this fascist threat is not being recognised, and is quietly building until it explodes into mainstream view.

In fact watching the likes of the Hungarian Prime Minister Viktor Orban mouth off as like watching a Hitler wannabe, someone who wants to become the next dictator of Hungary, perhaps he is following Czar Putin's model of dictatorship hence the eagerness to deploy Hungary's best troops against Syrian women and children.

Therefore Britain should with immediate effect -

1. Suspend that part of its annual net contribution to the EU that is being siphoned off by the eastern european neo-nazi states.

2. Formulate a strategy for the repatriation of 4 million eastern european economic migrants, starting with those infected with the most virulent strain of fascism, because the hordes of economic migrants ensures that Britain has no capacity to deal with genuine refugees fleeing war as illustrated by Britains housing crisis and therefore needs to make room by ejecting purely economic migrants before they make their inbred fascist tendencies become manifest.

For instance there are an estimated 125,000 Hungarian migrants living in the UK, most of whom reside in London, so repatriating Hungarian economic migrants could free up a lot of space and resources for genuine refugees for whom it really is a question of life or death.

Of course both such policies will be met with stiff resistance from the propaganda brigade such as that the hard working economic migrants have contributed much to the UK economy, however as I have often pointed out over the years that the truth is the exact opposite of the propaganda when one takes account of in work benefits such as tax credits -

28 Nov 2014 - Britain's Immigration Catastrophe Continues, David Cameron's Impotent Speech on Stopping In Work Benefits

Tax Credits, In work Benefits

Repeatedly a politically correct BBC brings forth a stream of recent migrants on broadcast news to proclaim that they are in the UK to work and not to claim benefits. But what state propaganda repeatedly tends to ignore or brush over is the consequences of the IN WORK BENEFITS such as Tax credits, housing benefit and social housing which amounts to HUGE benefits payments for migrant workers and a subsidy to employers.

Analysis by the Open Europe think tank illustrates the effect of in work benefits on actual earnings and why contrary to state propaganda that it is BENEFITS as the PRIMARY reason why eastern europeans arrive to WORK in the UK at huge expense to British workers, both in terms of continuing high unemployment especially for british youth as 1 in every 3 jobs created goes to migrant workers (ONS) and in terms of depressing wages that contributes to the cost of living crisis.

Weekly take-home pay: single earner, minimum wage, no dependent children (UK GBP at PPP)


UK nationals and EU migrants under current rules

EU migrants in UK under OE rules

Spanish minimum wage

Polish minimum wage

Bulgarian minimum wage

Salary

£227.50

£227.50

£178.07

£174.06

£79.48

Total deductions

-£30.99

-£30.99

-£11.31

-£60.05

-£18.20

Income post deductions

£196.51

£196.51

£166.77

£114.01

£61.28

Benefits/tax credits

£93.77

£0.00

£47.30

£0.00

£0.00

Total

£290.28

£196.51

£214.07

£114.01

£61.28

 

 

 

 

 

Effect on income of moving to UK under current rules



+35.6%

+154.6%

+373.7

 

Weekly take-home pay: single parent, UK minimum wage, two dependent children (UK GBP at PPP)


UK nationals and EU migrants under current rules

EU migrants in UK under OE rules

Spanish average wage

Polish average wage

Bulgarian average wage

Salary

£227.50

£227.50

£433.65

£387.90

£191.69

Total deductions

-£30.99

-£30.99

-£80.77

-£136.67

-£43.90

Income post deductions

£196.51

£196.51

£352.88

£251.23

£147.79

Benefits/tax credits

£330.52

£0.00

£9.45

£18.43

£1.66

Total

£527.03

£196.51

£362.33

£269.67

£149.45

 

 

 

 

 

Effect on income of moving to UK under current rules



+45.5%

+95.4%

+252.6%

Source: Open Europe

This analysis shows that the effect of in work benefits results in 'single' Polish workers being typically 150% better of coming to the UK in terms of pay and a Bulgarian near 400% better off. Whilst a single parent polish worker would be near 100% better off and a Bulgarian typically 250%. Where it is the benefits that on several measures are many multiples of the actual pay rates in Poland and Bulgaria hence why migrant workers are contributing NOTHING in terms of net economic output because on average tend to consume far more in benefits than contribute in economic output let alone in terms of taxation which does not even amount to 1% of the amount taken in benefits.

Additionally other costs / benefits are not being factored into the equation such as the NHS, social services, education and child benefit.

The truth is that most migrant workers, at least 80% make NO NET positive contribution to the UK economy. However, neither do some 80% of british workers as Britain's political system through inflation and election bribes has been designed by successive governments to turn virtually everyone into a vested interest benefits claimaint. 80% of the British people ARE benefits claimants, where the cost of which is financed by PRINTING MONEY (Government bonds and QE) which causes the inflation that the elite leveraged themselves to by means of oscillating asset prices around the exponential Inflation mega-trend as I have covered at length over the past 5 years in the Inflation mega-trend series of ebook's (FREE DOWNLOAD).

Meanwhile all of those jumping on the bandwagon such as the Scottish Nationalist leader Nicola Sturgeon and other usual suspects who are demanding a similar response from the UK to that of Germany's insanity are ignoring the fundamental fact that in terms of population density England is by far the most over crowded major european nation as the table below illustrates based on House of Commons, UK and EU statistical agencies data.

  Population Density / sq km New Migrants to Match England's Density
England 419  
Holland 408 .45mill
Belgium 370 1.5mill
Wales 258 1.8mill
Germany 226 68.8mill
Italy 205 62.6mill
Poland 130 85.6mill
Portugal 116 27.4mill
Hungary 108 28.8mill
France 105 197mill
Spain 94 161mill
Romania 89 74mill
Greece 82 44.3mill
Scotland 67 32.5mill
Bulgaria 66 38.8mill

What stands out from the table is the overwhelming disparity in capacity to accommodate migrants, especially for depopulated eastern european nations many of whom are demonstrating ZERO inclination to offer asylum to refugees despite having exported many millions of their own people westwards. For instance Poland would need to experience an influx of 85 million migrants to equal the population density of England.

Meanwhile the finger wagging Germans could allow 68 million migrants to settle in Germany and still be less densely populated than England. Whilst France would need to increase its population by near 200 million! Even a constantly bleating Greece would require a 44 million jump in its population to equal the state of over crowding in England.

Whilst Nicola Sturgeons Scotland, rather than letting in 1,000 refugees would need to let in 32.5million migrants, increasing the population six fold for Scotland to equal the population density of England, which once more shatters SNP propaganda that do not match reality.

In fact politicians such as Sturgeon and Yvette Cooper are playing games with the electorate when they make statements of wanting to offer their homes to refugee families. We'll why have they never offered their homes to homeless British families? Pure smoke and mirrors propaganda.

Therefore the migration crisis debate needs to seriously take into account the huge disparity in population density that has brought public services such as health, housing and education in many areas of southern England to the brink of collapse, something that works in the interests of Scottish nationalists whose primary objective is to sow chaos throughout the UK so that they can convince ordinary Scots that they are better off being Independent from an over populated collapsing UK.

The obvious solution to the migration crisis remains for the migrants to be settled in the depopulated Eastern Europe with HUNGARY being a good starting point as it is a primary transit route and could easily accommodate several tens of millions before reaching the same level of population density as England and then there is the mega empty space called Poland that could take 85 million and still not be as densely populated as England. For instance 4 million Poles have recently migrated westwards therefore Poland could easily be repopulated by 4 million Syrian refugees. But of course these fascist states don't want that to happen! Because their membership of the European Union has always been one of take, take, take and give nothing in return.

This is a wake up call to the people of Britain to vote to LEAVE THE E.U. before its is too late!

Ensure you are subscribed to my always free newsletter for ongoing in-depth analysis and concluding detailed trend forecasts that include the following planned newsletters -

  • US Dollar Trend Forecast Update 2015
  • Islam 3.0

Also subscribe to our Youtube channel for notification of video releases and for our new series on the 'The Illusion of Democracy and Freedom', that seeks to answer questions such as 'Did God Create the Universe?' and how to 'Attain Freedom' as well as a stream of mega long term 'Future Trend Forecasts'.

By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2015 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2017 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Catching a Falling Financial Knife