Glass Knot leads the way, but in a completely wrong direction

“Once a man was traveling from Jerusalem to Jericho and fell into the hands of robbers; They shook him out, wounded him terribly, and he was half dead. Coincidentally, a priest crossed that road; He looked at him and passed. A Levite also went that way; He looked at him and passed. And Glass Knot came; He did not see it because he wanted to count the beetles on the other side of the road to see if the biodiversity was affected.

How bad it got through De Nederlandsche Bank (DNB). An annual report that seeks in vain to focus on poverty, inequality or ‘minima’ in the Netherlands. The DNB does not say that there are not enough for hundreds of thousands of seniors because the DNB has blocked their pension revision since 2008.

But the annual report details that President Glasnot has created an additional new ‘biodiversity group’ of nearly 3,000 employees. They are working hard to create ‘biodiversity footprints’ to find out whether wasting endangered plant species or insects will endanger Dutch banks and pension funds.

One hundred more employees

These tasks receive little attention in the country’s annual report on how the DNB has fulfilled its legal responsibility for inflation, banks and pension funds. In proportion, one of the five main aspects deals with sustainability, environment and climate. More than three thousand high-paying slots are looking in every direction unimaginable and unimaginable considering the potential banking risks on you and my money, but so far they have not found any significance.

DNB is growing with a hundred more employees each year, so let’s report something next year. Meanwhile, on page 58 of the DNB Annual Report, the words ‘poverty’ and ‘minima’ are nowhere to be found, with two references to ‘income’, but not low income, only in comparison to house prices. Free field rentals, and ‘AOW’ is only for the exhibition of additional benefits for DNB’s own employees.

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The nature of God

I understand that in a country like Australia where land mines are plentiful there are concerns about environmental impacts, but it seems more logical to control environmental impact from the ministry responsible than to deal with the banking system. The mine is international and if the Reserve Bank of Australia restricts Australian banks from lending to the mine, the Bank of China will be responsible.

All respect to the guardians of nature. Last Sunday was ‘Biodiversity Day’ which is why our pastor preached about psalms about the nature of God:

‘Lord how many of your creations

You did everything wisely

The earth is full of your creatures

Look at how wide the ocean is

There it is innumerable in abundance.

Small and Large Animals’

The pastor did his best, that is, to motivate us to manage the work with care and gratitude (from 40:00 A breathtaking sermon As no one can).

Harsh criticisms on DNP

DNB, on the other hand, spends large sums on a subject that is not highly specialized. Stuart Kirk, Senior Manager, HSBC Liability Investment Bank; Discussed The statements of the various central banks and nowhere else about our DNB are bitter negatives: false assumptions, miscalculations and silly, unsubstantiated conclusions (See three slides from DNP’s CO2 research from 11:25 for Kirk’s review‘Particularly annoying’ Kirk calls DNP’s economic measurement nonsense to create negative risk for banks from CO2 (see Cochrane & Kirk’s links to comments on the vanity of Nat and his colleagues).

DNB has designated itself as the country’s savior for climate problems, now more useful for biodiversity, but also for nature conservation: 100 additional research grants at the University of Wageningen for biologists or 100 additional staff from developing countries at DNB (80,000 euros per employee is one of the most expensive employers in the Netherlands)?

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Cold care

Meanwhile, the DNB ignores the study on inflation. Glass Knot writes in its preface: ‘If high inflation persists, there is a greater risk of anchoring these high inflation expectations and thus the behavior of families and institutions.’ Although he should have known that ‘desperate’ is the best word for the hundreds of thousands of families who can no longer manage at high energy prices, Nat leaves this fantastic statement.

A little further, he writes: ‘It is also important to closely monitor the dynamics of inflationary developments and inflation expectations, and to react in a timely manner with monetary policy if necessary’. Not a word about other policies that can help people. Is the tax on petrol lower? Want to save less on your energy bills? Pension amendment? Has government pensions been accelerated? Not a word about the pros and cons of such measures having a direct effect on inflation and income, on the contrary:

‘There is a growing tendency to assume that the negative impact of trauma on individuals is being compensated for by the government. Past experience, especially in the 1970s, shows that excessive government intervention can actually erode economic dynamics and prosperity.

Let Nat think of two legs in his own country

The knot would be correct if one thinks that the 80-86 per cent margin tax rate for those earning alone with children and the gross annual income of 26,000-40,000 euros are an example of track dynamics. This inhumane rate occurs when people start working overtime and AK, IALK, NVZK, ZT, KGB, HT, KOT and KOKO are reduced at the same time – which is why they prefer not to work overtime because you become a thief in your own wallet. . Ask at Schiphol or Hospital.

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But I’m afraid Nat, in the context of inflation, warns here against helping those who are struggling with energy costs. In terms of biodiversity, he should think about bipolar in his own country, where AOW pensioners receive 1244 euros a month without additional pensions, while others – for example the 15 division directors in the DNB – receive such amounts for every two. Days ..

Unfortunately, the fate of nearly one million old-age pensioners is not so interesting to those attending the World Economic Forum in Davos; Glasnot would like to hear how his DNB is at the forefront of all central banks in CO2 and biodiversity research. Knot is really at the forefront, but is marching in a nonsensical direction spending a lot of money and to this day has taught us nothing about the future of the bank.

Eduard Bomhoff has been publishing his articles weekly in Wynia’s Week for more than three years. As a donor you make Vine’s Week possible. You can donate Here† Thanks!

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