Saturday, October 18, 2025

Polaris of Enlightenment

Fewer Swedish parents save for their children

Published 11 December 2023
– By Editorial Staff
86% of Swedish parents are currently saving for their children.
2 minute read

The share of parents saving for their children has dropped this year, according to a new survey. It is now back to the level it was in 2020.

The Swedish Association of Investment Funds (Fondbolagens förening) conducts an annual survey on children’s savings in collaboration with social research company Kantar Sifo. This year’s survey is based on responses from 1,037 participants and was conducted in November.

Since last year’s survey, the proportion of parents saving for their children has fallen from 90 percent to 86 percent.

Among parents, 80% continue to save the same amount for their children as they did last year. 10% have also increased their savings, but 10% have also decreased their savings. Mutual funds remain the most popular option, with an increase from 69% to 71% of parents. Savings accounts are in second place, with 46% of parents saving in them, while stocks and shares have fallen to 14%.

Growth in stock savings

– Today’s young people should be very happy that their parents choose to maintain long-term savings for their children despite the difficult economic times, says Philip Scholtzé, savings economist at the Swedish Investment Fund Association.

In the category of savings for grandchildren, the share of share savings has increased from 10 percent to 19 percent since last year, while the share of fund savings has decreased from 64 percent to 55 percent.

The Investment Savings Account (ISK) is the most popular choice for saving for children. There is hope that the government’s promise in the Tidö agreement to exempt up to SEK 300,000 in an ISK from tax will be fulfilled. The survey shows that one-fifth of those who save for children would increase or start saving if tax relief were introduced.

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AI boom strengthens the Swedish krona

The future of AI

Published yesterday 11:21
– By Editorial Staff
The Swedish krona is the strongest European currency against the weak dollar so far this year.
1 minute read

The investment boom in artificial intelligence is beginning to make its mark on European currency markets for the first time, and according to analysts, the Swedish krona and the British pound are benefiting the most.

The United Kingdom and Sweden each received over $4 billion in private AI investments last year, placing them third and fourth respectively in the Stanford University AI Index of countries benefiting most from such investments, after the United States and China.

The Swedish krona is the strongest European currency against the weak dollar so far this year, with a rise of nearly 15%. The pound has risen 7%, reports Reuters.

Major American tech companies such as Microsoft, Meta, Google and Nvidia have announced significant investments in both countries. Microsoft has pledged £31 billion in British investments, while several tech companies are planning data centers in Sweden due to the country’s reliable electricity supply.

According to JPMorgan, the resilience of the Swedish krona and the pound can partly be explained by these countries’ standout performance in AI investments, although the effect remains relatively small so far.

From trade war to industrial warfare – the battle for rare earth metals

The new cold war

Published 13 October 2025
– By Editorial Staff
China controls 90% of the world's rare earth metals, minerals found in everything from smartphones to fighter jets.
8 minute read

On October 10, China detonated a bomb – not with missiles, but with minerals. New export controls on rare earth metals now threaten to suffocate the entire global high-tech supply chain.

Two superpowers stand face to face in what has become an industrial war. The Nordic Times summarizes the dramatic escalation that has changed the playing field between the USA and China.

The development has been described by analysts as an “economic Pearl Harbor”. This is no longer just about trade policy countermeasures, but about mutual economic mass destruction where both sides are prepared to take major damage to win.

What began as a trade war about tariffs has transformed into a battle for control over the elements that drive the modern world.

What happened on October 10?

On October 10, 2025, China imposed new tightened export controls on rare earth metals and related technology. The regulations require special licenses for export of products containing more than 0.1% rare earth metals from China – or manufactured with Chinese production technology.

It sounds technical, but the implications are explosive. As journalist Mario Nawfal states: “That’s laptops, batteries, EVs – basically the modern world”.

With a stroke of the pen, Beijing gained veto power over large parts of the world’s high-tech production.

President Donald Trump responded within hours. He threatened an additional 100% tariffs on Chinese goods “on top of all tariffs they are currently paying,” with start on November 1. Trump called China’s move “absolutely unheard of in International Trade, and a moral disgrace”.

The market reaction was brutal – in a single day, $2 trillion in market value disappeared from American stock markets. The Dow Jones fell by 879 points (1.9%), the S&P 500 dropped 2.71%, and the Nasdaq plunged 3.56% – the worst days since April.

Why are rare earth metals so important?

To understand why the world now stands on the brink of an economic crisis, one must understand what rare earth metals are – and why China controls them.

China accounts for 70% of global rare earth metal mining and 90% of the world’s processing and refining. The country produces as much as 95% of the world’s rare earth magnets.

These minerals are used in everything from smartphones and electric vehicles to military equipment and renewable energy technology. Rare earth metals are critical components in advanced military technology – from fighter jets to submarines, these critical minerals power essential systems.

The figures are striking: A single F-35 fighter jet contains over 400 kg of rare earth metals, while a Virginia-class submarine requires a full 4,600 kg. Rare earth metals are also critical for medical technology in laser surgery and MRI scanning.

Already in 1992, the then Chinese leader Deng Xiaoping stated that “the Middle East has oil and China has rare earths”. It wasn’t just an observation – it was a long-term strategy that is now reaching its culmination.

From trade war to industrial war

The trade conflict between the USA and China began in 2018 during Donald Trump’s first presidential term, when the USA imposed tariffs on Chinese goods to limit the growing American trade deficit with China.

During the Joe Biden administration (2021-2025), the tensions continued, with Trump’s tariffs remaining and Biden imposing restrictions on American exports of technological knowledge and advanced chips to China.

When Trump returned to the White House in January 2025, the conflict quickly escalated. On April 2, 2025, during what Trump called “liberation day,” the USA imposed an additional 34 percent tariff, which increased the total tariff against China up to 54 percent.

China responded on April 4 with export restrictions on seven rare earth metals, and tariffs quickly escalated to a minimum of 145 percent during the spring, and stock markets nearly entered a bear market in April.

In May, the parties agreed to a ceasefire to negotiate a new trade agreement, and both China and the USA significantly reduced tariffs. In June, a framework agreement was concluded in which China committed to continue giving the green light for export of rare earth metals to the USA.

But the peace was fragile. In October 2025, China announced the strictest export controls on rare earth metals and permanent magnets to date – and the ongoing trade war transformed into something entirely different.

China’s new weapon

For the first time, China applied the so-called “foreign direct product rule” (FDPR) – a mechanism that the USA has long used to restrict semiconductor exports to China. Now China is turning the tables.

“Under the new regime, any product containing ≥0.1% Chinese rare earths or magnet material now requires a Chinese export license, even if it’s made abroad. In other words: if your phone, drone, or fighter jet includes Chinese-origin materials anywhere in its supply chain, Beijing gets a veto,” comments Mario Nawfal.

“This isn’t about dirt or ore – it’s about control of the midstream, where minerals become tech. The move turns rare earths into a geopolitical weapon”, he continues.

China doesn’t just control the mines, but the entire value chain from raw materials to finished products. And now that power is being used as a weapon.

AI and the defense industry in the crosshairs

The two biggest losers are expected to be the AI industry and the military-industrial complex. China’s new export controls stipulate that materials used for chip production below the 14 nanometer node must seek approval from China.

The nanometer node is a measure of how small the transistors in a chip are – the lower the number, the more advanced and powerful the technology, and modern AI and advanced military technology require chips below 14nm.

Even products with dual-use applications – that is, technology that can be used both civilly and militarily – must be approved. Beijing will decide each case individually.

This creates a potential bottleneck for the entire advanced chip supply chain. TSMC, the world’s largest contract manufacturer of semiconductors, is already prohibited from manufacturing chips below the 14nm node for China at the USA’s request.

Now China is reversing the logic: if we can’t get your most advanced chips anyway, maybe the world doesn’t need them either. China’s own chip manufacturer SMIC can produce equivalent 7nm to 5nm chips.

The stock market reaction showed which sectors are hit hardest. The technology and green energy sectors, both of which are heavily dependent on rare earth metals such as neodymium and dysprosium, bore the heaviest burden.

Nvidia fell by nearly 5 percent, AMD by 7.7 percent, and Tesla dropped over 5 percent. Chinese tech giants were hit even harder – Alibaba fell by 10 percent, Baidu over 8 percent, and JD.com by more than 6 percent.

USA’s desperate countermoves

Trump administration’s top officials have convened executives from technology and rare earth companies in an intensive effort to accelerate the development of the entire supply chain for domestic production.

“The Pentagon launched a $1 billion buying spree to stockpile cobalt, antimony, scandium, and other critical minerals – a modern version of Cold War hoarding”, states Nawfal.

In July 2025, the Department of Defense (recently renamed the Department of War) invested $400 million in equity in MP Materials, making the US government the company’s largest shareholder. The deal also includes a 10-year price floor of $110 per kilogram for the company’s NdPr products.

But reality is brutal: even when these facilities are fully operational, MP Materials will only produce 1,000 tons of neodymium-boron-iron magnets by the end of 2025 – less than 1 percent of the 138,000 tons that China produces.

American officials have acknowledged that the overall effort will still take time and therefore leave the country and its allies vulnerable to Xi’s strategic whims in the short term.

“But time is China’s ally. The U.S. can’t build refining and magnet plants overnight, and global alternatives (Australia, Brazil, India) remain in early stages”, argues Mario Nawfal further.

A new geopolitical reality

A former White House advisor warned that China’s strict controls on rare earth metals represent “the power to forbid any country on Earth from participating in the modern economy”.

The market reaction reveals something fundamentally new: the divergence between the dollar and gold shows that markets are now trading tariffs as if they’re striking back against the USA, not against the rest of the world.

During previous crises, the dollar has strengthened as a safe haven – now it’s falling instead.

The trade wars are an expression of a deeper power struggle between the USA and China that has the potential to shake the world economy and create a new international order.

Mario Nawfal summarizes: “Beijing’s goal isn’t total collapse – it’s pressure through precision. By tightening supply just enough to make the West sweat, China gains leverage”.

What happens now?

Trump threatened to cancel his planned meeting with China’s President Xi Jinping at the APEC summit in South Korea on October 31-November 1, although he later clarified that he had not completely cancelled the meeting but was uncertain whether it would take place.

Both Trump and Xi Jinping under no circumstances want to appear weak, which especially applies to Xi Jinping and the Communist Party, which bases its power position on having made China strong and standing up to Western nations.

China’s Ministry of Commerce said in a statement: “China’s stance is consistent – we do not want a tariff war but we are not afraid of one”.

The 100% tariffs are set to take effect on November 1 – or earlier. The Pentagon is buying critical minerals in panic, allied countries are rushing to build alternative supply chains, and stock markets around the world are holding their breath.

Nawfal concludes his analysis with a grim prognosis: “This isn’t a tariff skirmish anymore – it’s a war over the atoms that make the modern world spin. Forget trade war. This is industrial warfare… and both sides are ready to bleed to win”.

The question is who can endure the pain the longest.

Bitcoin reaches new record – surpasses $125,000 in value

Alternative economic systems

Published 5 October 2025
– By Editorial Staff
1 minute read

The world’s leading cryptocurrency continues its rise and hit a new all-time high on Sunday, driven by dollar weakness and strong inflows to bitcoin ETFs.

Bitcoin rose to $125,689 on Sunday, once again reaching new record levels. The previous record was set in mid-August when the cryptocurrency reached $124,480.

The rise comes after eight straight days of gains, supported by positive developments in US stock markets and increasing investments in bitcoin ETFs – exchange-traded funds that allow investors to gain exposure to bitcoin without having to buy and store the cryptocurrency themselves. Meanwhile, the US dollar has weakened against most major currencies, partly due to uncertainty surrounding a possible US government shutdown.

Joshua Lim, analyst at crypto broker Falcon X, sees a clear connection:

With many assets at record levels, it’s not surprising that bitcoin is benefiting from dollar weakness.

Since the beginning of the year, bitcoin has risen over 30 percent, benefiting from more crypto-friendly policies under President Donald Trump’s administration and increased institutional interest in digital assets.

Gold prices at record levels

Published 29 September 2025
– By Editorial Staff
Experts worry about the soaring price of gold.
1 minute read

During the summer and fall of this year, gold prices have risen by over 40 percent, leading to trading near $3,800 per ounce. The sharp increase has raised concerns among economists and investors.

One of the primary factors behind the price increase is US President Donald Trump’s policy, which aims to reduce America’s national debt. As part of this strategy, Trump hopes to weaken the dollar, making gold more attractive as a safe haven asset.

A weaker dollar makes gold cheaper for investors in other currencies, further driving up demand. Currently, one US dollar costs approximately €0.85, which represents a notable depreciation in just a few months.

Several major banks have raised their forecasts for gold prices. Goldman Sachs predicts that prices could rise to over $4,000 per ounce within a year, provided that central banks continue buying gold and investors increase their gold positions.

Despite the positive development, there are also warnings. Experts point out that gold prices can become volatile and that a sudden interest rate hike or improved global economic stability could lead to a rapid price decline.

Investors are therefore advised to be cautious and not put all their assets in gold.

The rapid price increase in gold reflects a world in economic uncertainty, where pressure on US finances and its currency policy could have far-reaching consequences worldwide.

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