The EC May Newsletter – Now available!

Vladimir V. Putin

Putin has been running Russia as a typical dictator since he came into power in 1999. Most likely he will keep on doing so for the foreseeable future since he will not stop at anything when it comes to rigging future elections making him stay in power. With his little lapdog Dmitry Medvedev faithfully wagging one step behind, Russian democrats have a grim future ahead of them. It is almost fascinating to see how he uses typically fascist rhetoric’s – like a Hitler II, describing his opponents as fascist – himself most likely the biggest black shirt since Hitler.

His provocations, lies and threats is confusingly the same as Hitler used finding an excuse to go into Sudetenland, Austria and finally attacking Poland and god knows if he has both Ukraine and Poland as targets.

So what can the West do to stop this lunatic suffering from inferiority complex and inability to see Russia’s greatness and the positive role it could play in a modern world? Financial and economical strangulation is the answer. What brought the end to the Soviet Union, Romania? They went bust!

Putin helping the Russian Navy

The challenge however is of course that Germany in order to save a penny or two chose to buy its gas from Russia instead of like the Brits buying it from Norway.

So now Mrs. Merkel has placed herself in a difficult position. How much is she willing to pay in order to let Russia have the only medicine it will ever understand? And unfortunately also the UK has economical stress factors that might play heavily in their willingness to support a tough attitude. As usual I think the US is the only one that will stand tall – and continue with a clear voice.

But it is not only the big nations that must be clear in its language. Also the small countries must show and act in support of the leading role the US has taken. Again looking back in history it becomes not only embarrassing but quite shocking when you hear the attitude from countries like Hungary and Czech Republic. Years like 1956 and 1968 should never be forgotten they were both run over by the Soviet Red Army, showing no mercy and placing their countries into darkness for decades ahead of them. So when will the West learn or will it ever learn?

The Lapdog and his Master

How could anyone have imagined that Putin after having served as the KGB boss in the old DDR suddenly should change and become a democracy lover? He is a product of his time and over-inflated self image most likely seeing himself as combination of Nikita Khrushchev and Ivan the Terrible – never to be trusted and never to be let into the club of decent leaders!

Norwegian Conservative Government – Kneels to orders from Communist China, no-one will meet the Dalai Lama!

It is well known that it is an ice front between the Chinese and Norwegian Government, and it has been a fact for the soon four years it has gone since the Norwegian Nobel Peace Prize were awarded to Liu Xiaobo, Chinese dissident.

Norway has had very little support from its allies and has sought to improve relations with no luck. The Chinese refuses to see the difference between a countries government and an Independent institution.

The Man No-one wants to meet

The Dalai Lama, who himself was awarded the same prize in 1989, got a private invitation to Norway to celebrate the 25th Anniversary and when known to the Chinese authorities, they made it clear that they would not accept that anyone from the Norwegian Government should meet him. To make a long story short, the conservative government bowed down. No one from the official Norway will meet the once Pies Price winning dissident from Tibet.

The arguments given from both the countries President and Foreign Minister are unbelievable. A shivering Foreign Minster now thinks that he will gain respect in China and that relations, meaning trade, will be back and increase.

Liu Xiaobo, Chinese dissident

What they fail to see is that China once again has shoved that they can bully any small country into obeying their command. This could perhaps have been understandable from a weak and poor country, but although small, Norway is neither week nor poor and will never be.

So shame on them – I have very little sympathy for people not standing tall when it matters!

The Syrian crisis – No changes!

As said earlier, with the turmoil going on in Ukraine the Syrian tragedy has somewhat fallen into the shadow. No matter how big a tragedy, the world seems unable to focus one more than one at the time. We are now longer facing a human catastrophe of enormous proportions

Ali Khamenei; Iran’s Dictator

where thousands of women and children may die and get sickened and have their lives disturbed even if they should survive the catastrophe is here and the world stands by and watches. And we all know whom to thank, Putin and the religious fanatic ruling Iran.

Venezuela – how long will it take before we see more bloodshed?

The former leader of Venezuela, now long gone, made his best to ruin perhaps one of the countries in South America with the best potential. But alliances with Cuba and China did not exactly make the country any richer. The last riots we have seen sending a clear message, people finally are starting big scale to try and get the country back on its feet.

Let us hope for a peaceful transition. However knowing that this will demand stopping corruption and privileges granted to certain families, we most likely again will see bloodshed.

Nigeria – getting worse all the time!

Nigerian leaders now turning to the US for help against the Extremist Islamic group Boco Haram.

Boko Haram is a terrorist group receiving training from al Qaeda affiliates, according to U.S. officials. Its name means “Western education is sin. They have for several years terrorised particularly the Northern parts of the country. Murdering, torturing and now lately kidnapped several hundred young school girls.  “I will sell them,” Boko Haram leader says of kidnapped girls. Like all terrorists they cover up their faces – like Putin’s troops do in Ukraine.

Could have been 500 years ago

The only thing they are telling the rest of the world is that they stand for brutality with no respect at all for half of the world’s population, our women.

Obviously easy to say that they are so stupid and uneducated that they themselves does not know any better, but we all know that each and every one of us, education or no education, perfectly knows the difference between right and wrong and so do these savage leaders.  Let’s hope they will be met with the same mercy as they have given to the young women! How low can human kind fall – again there is no limit so the protection of democracy and human rights must always have priority number one!

Mr. Stoltenberg – New Secretary General to NATO!

NATO Secretary General Anders Fogh Rasmussen

Former Norwegian Prime Minister (Labour Party) Mr. Jens Stolberg was not the first name thought of when the sitting Secretary General, Mr. Anders Fogh Rasmussen (former Danish PM and leader of the Liberal party “Venstre”) announced his retirement from office. He has lead NATO in a very good and firm manner for five years.

Mr. Stoltenberg has not been exactly well known for his interest in military questions and under his many years in office in Norway, often placed weak and low skilled women in the position as Minister of Defence. He became quite disliked by the US Government in the Iraq war with some strange statements forced upon him from Left wing coalition partners and unofficially was banned from the White House, something very rare in the relationship between Norway and USA.  So what made him so agreeable then?

I think we will find one of the answers to that in what happened during the war in Libya. Not very well known perhaps, but the Norwegian and Danish air forces where those contributing most to bringing the dictator down. Another reason may of course be that the leading countries in the Treaty find him not too strong and a

Ex Norwegian PM; Jens Stoltenberg

person they can govern, but again it can also be his very long experience and ability to negotiate. It will be interesting to see for how long he will reside in office, the longest serving SG sat 13 years. Stoltenberg has several periods serving as PM in Norway, the last for eight years.

Extremists and Fanatics

The biggest threat to the human race today is not the so called climate changes. The real threat comes from all the Extremists on the planet. It does not matter if it is a political extremist, a religious extremists or an environmental extremist, they are all the same and they are extremely dangerous.

With their screwed up minds Fanatics justify no matter how terrible their actions are! Look back in history and you will soon see what the big threat was and what took the life from most – EXTREMISTS & FANATICS like Putin, Mao, and Hitler just to name a few of the most recent.

Currency & Interest Rates

In our last issue the Pound/US$ was traded around 1.65/66. Now 1.69 and still not stopping.

NOK/USD is now trading at 5.91 down from 6.30. We see the same pattern in NOK/USD and a far weaker development SEK/USD. The level between SEK/NOK peaked out on February 5th stopping at 0.96 now trading at 0.91.

EUR/USD has been stable around 1.37, but moved to 1.38 and it seems like we will see movements all the way up to 1.40.

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LJ Myrtroen

Senior Partner & Founder

Lars Johan Myrtroen, has 40 years experience in international financing and runs his operations from London, England. He established M-broking in the early 80′s and running Stavanger Bank in the Eastern part of Norway. Euro Export Invest AS was established in Oslo in 1998 owning four IT and security companies, with KSD as the leading company holding offices throughout Europe and he has been participating in several start-ups in the US, Philippines, Norway and the UK, among others British Armouring Manufacturing Inc, and Birdstep Technology ASA (Public, Norway). Also major investor in “Norges Energi AS“. He has experience from the bio-metric industry, serving as chairman of BioPrint AS, Norway, and adviser to and Director in GenKey Inc, San Francisco. Acting today as Executive Chairman in EC Capital Management Ltd, trading as Economic Consultants. He enjoys golf and started Grenland Golf Club in Skien Norway in 1980 and served as a Board Member in the Norwegian Golf Association for 4 years.

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