European Union Grabs More Power: Are We Heading Back to a Communist Future?
THE REAL THREAT OF COMMUNISM
I wrote about this in a previous issue not long ago, and my answer was the UN and the pointy shoes in the European Union.
The Spanish government will expropriate beachfront real estate and “let the owners use it” for 30 years.
The below is translated…
The Government may expropriate apartments, hotels or beach bars on the beach in exchange for granting the owners their use for 30 years and, in certain cases, another 30 extendable years. It will also limit concessions to have an activity near the coast to a maximum of 75 years.
The Ministry for the Ecological Transition is advancing in the new modification of the General Coastal Regulation to alleviate the impact of the advance of the sea, after overturning part of the text by the Supreme Court last January due to a defect during its processing. Therefore, it is expected that the change will follow the same direction as in the last reform in 2022 and will allow the State to expropriate properties and land in areas where water eats up soil. A controversial action for individuals, businessmen and municipalities in which the court did not enter.
The climate hoax is a useful tool used to implement the great reset. Owning property in Spain at this point is, in my opinion, irresponsible.
And to anyone who responds with, “Oh, but I don’t own beachfront real estate,” you are completely missing the point. You really think they’re going to stop there? Good luck to you if you do.
I’ve made this point before that the price variance between say Ibiza and Antalya or Fethiye, where the cost of living is just as nice albeit far cheaper than Ibiza or Mallorca, is anywhere from half the price to about a third of the price. Just saying…
Sticking with the Spaniards…
The PM signaled that his administration would “start the procedure to eliminate the granting of the so-called golden visa, which allows access to the residence regime when more than half a million euros are invested in real estate. We are going to take the necessary measures to guarantee that housing is a right and not a mere speculative business.
That last reference to housing being a “right” is straight out of the idiot’s guide to Marxism.
Imagine a country run as a business, and in this country you invite boat loads (literally) of uneducated folks, almost exclusively men of military age from cultures drastically different and in many instances entirely antithetical to those of the society they now live in. They come predominantly for social benefits. We know this based on the numbers of those still on welfare checks many years after arriving. Cities begin to look like this below (Paris).
While this is going on, you then begin eliminating the incentives to attract capital. Look at the lines on that. No, not that. The Ferrari.
Oh, and to top it all off, you then take large amounts of the tax take and send it into Europe’s laundromat (Ukraine) to ensure the military industrial complex survives and thrives.
What could possibly go wrong?
- Chris MacIntosh / Insider 293
Discover exclusive investment opportunities with the Insider Newsletter - Capitalist Exploits Insider!
Aspiring investors and financial professionals, get ready to elevate your portfolio. Our professional investment service delivers unique and carefully researched investment ideas directly to your inbox.
Managed by Chris MacIntosh and Brad McFadden, two experienced investors responsible for managing significant funds, our newsletter provides regular stock ideas, an extensive idea database, rational analysis of global market issues, educational resources, and guidance on international investing.
No constant marketing or sharing of data. No infotainment. Just valuable content that helps you make informed investment decisions.
Start your 30-day trial now for a $1 and the flexibility to cancel anytime. Don't miss out on this opportunity to gain an edge in the market.
Get started with the Insider Newsletter - Capitalist Exploits Insider today!