🇷🇴 The looming national bankruptcy in Romania is about much more than government finances.

It is about the globalist growth model the country embraced 25 years ago falling apart.

Romania runs a fiscal deficit that is 9.3% of GDP - the highest in the EU. Newspapers like the Financial Times are calling the imminent bankruptcy of the country.

A study I did with Hungarian Institute of International Affairs shows that the situation is even worse. It is not just the Romanian government overborrowing. The whole country is borrowing to prop up consumption that it cannot afford through massive imports that are not balanced by exports.

The trade deficit today is being completed propped up by issuing Romanian government debt to foreigners.

Yet the government has been de-rated by the ratings agencies down to just above junk status.

Romanian statistics are misleading people. Romania is not richer than, for example, Hungary. It is significantly poorer. The statistics are being propped up by these extremely unstable foreign borrowing dynamics.

Romania is arguably allowed to get away with this borrowing because of its importance in the NATO alliance. But the NATO alliance is no longer that important. As it is put aside, Romania will have limited abilities to inflate its living standards.

So, which way Romanian man? If you are rational you will work with your sovereigntist neighbors to carve out a place in the New World Order. If you are irrational you will nail yourself to a collapsing global order. The choice is yours.

🔗 Phillip Pilkington

📎 https://www.hungarianconservative.com/articles/current/romanian-national-bankruptcy-dangers-opportunities/

🇷🇴🪪🔍 The Romanian Senate approved the "Digital Maturity" bill where Romanian citizens will be able to log on the internet only after providing their ID cards!

The law also says that minors up until the age of 16 will be able to make a social media account only with the express approval of their parents.

The law adopted by the Romanian Senate is extreme even for the EU's standards, who do not require social media companies to demand a picture of the user's ID to log in, reserving only to block/hide certain parts of the internet who may be not safe for viewing for all audiences and those that wish to access them, being obligated to provide an ID or a picture of their face.

Thousands of apps and websites may soon be blocked in Romania due to the refusal of the websites/app's developers to implement such a draconian measure.

The drawbacks of this law are evident. Apps will be required by the Romanian state to collect mountains of data and identify every single one of its users by their real name, age and address, data which can be stolen by hackers and used to scam them. Then there is the freedom of speech aspect. As anonymity is eliminated and as the law considers that every word posted on the internet is subject to the same regulations as in written press, TV, books and films, that makes you liable for criminal punishment if the particular opinion breaks the law.

Pro-Privacy groups have expressed many other criticisms with the law which can be read here. Reminder that all the way back in 2023, Romanian politicians wanted to force citizens to log on to the world wide web using their ID cards

📝: I think, for safe measure, it is time to wipe clean your social media accounts, deleted old ones and make new ones. If they do end up forcing me to log on to Telegram using an ID, that will be the end of this channel.

@Wallachian_Gazette

🇹🇷🕊🇮🇱🇵🇸🇪🇬 — Türkiye says a ceasefire will be "declared today" if Israel and Hamas reach an agreement in their indirect talks in Egypt.

🔗 Clash Report (@clashreport)

—🇺🇸/🇦🇱 Mayor Eric Adams: "New York is the Albania of America."

New York is the Albanian Albania of America.

We have one of the largest Albanian populations, and many times the Albanian New Yorkers have asked me to come visit the country.

And so now this is an opportunity to do so.

🔗 @Mario Nawfal

✅ @balkanspectator — the leading Balkan news channel in English