The depreciation of the Norwegian Krone (NOK) compared to other currencies, even those of economically weaker countries like Moldova's leu and Somalia's shilling, can be attributed to several fundamental reasons:

1) Expansion of the Money Supply: Norway has been expanding its money supply at a rapid rate, as if hoping to export inflation to other countries. However, since the NOK is not a global reserve currency, this strategy has not been effective. The increased money supply has contributed to the devaluation of the NOK.

2) Shift in Capital Allocation: Norway has been increasingly redirecting its valuable capital, primarily in the form of energy resources, towards foreign investments and projects. Examples of this include the construction of new electricity cables to the UK and Germany, as well as the allocation of income from petroleum towards a Sovereign Wealth Fund that primarily invests outside of Norway. This shift diminishes the domestic capital available within the country and affects the value of the NOK.

3) Growing Role of the State: The Norwegian government has been continuously expanding its influence and reducing the scope of the private sector. In effect, the government has conveyed the message to the rest of the world that the primary purpose of the NOK will be for paying taxes in the future, implying that there will be limited valuable capital remaining within the country. This perception further weakens the value of the NOK.

Since the global financial crisis in 2008, monetary policies focused on quantitative easing have resulted in substantial wealth accumulation for banks, the financial sector, and the wealthiest individuals. Simultaneously, the state has expanded its power. Those familiar with the financial market during this period recognize that quantitative easing played a vital role in propping up the securities market and avoiding a breakdown in the real economy. This policy has also led to corruption among those who have benefited from it, including economists in academia, the banking sector, and investors.

The export sector has experienced remarkable profits due to increased sales resulting from the devaluation of the NOK. Furthermore, the weak currency has made it attractive for foreign countries like China and international mega-corporations to acquire Norwegian property and capital at lower prices. Unfortunately, this weak currency policy has also created an invitation for foreign entities to exploit Norwegian resources. They often seek to influence Norwegian municipalities and publicly owned companies while vying for subsidies and land to support so-called "green projects," such as wind power and battery factories.

The reluctance of Norwegian macroeconomists to acknowledge the reasons behind the NOK's weakness is, in my opinion, a result of corruption. They either do not wish to reveal the truth or prefer to feign ignorance. Instead, they tend to attribute the weak NOK solely to political risk and high taxes, deliberately omitting any discussion of the expansion of the money supply.

This feeble criticism provides policymakers like former Prime Minister Erna Solberg and the current Minister of Finance, Trygve Slagsvold Vedum, with an opportunity to dismiss the concerns. They often downplay the impact of a weak NOK, presenting it as beneficial for business in Norway. Unfortunately, this tactic only confuses the general public, and given the higher level of trust Norwegians place in politicians compared to capitalists, it is easy to see who emerges victorious in such debates.

Norway lacks experts who possess a comprehensive understanding of cause and effect in the economy and have the incentive to disclose the truth to the Norwegian people and the mainstream media (MSM). Norwegian policymakers have engaged in a significant manipulation of the currency, defrauding the Norwegian people. They continue to have free rein to pursue this strategy in the future, showing little concern for the weakened state of the NOK. This deliberate debasement of the currency has allowed special interests, policymakers from both domestic and foreign entities, and international mega-corporations to exploit Norwegian resources with impunity.

Fix The Money, Fix The World

The Bitcoin standard could potentially address the problems associated with the depreciation of the NOK:

1) Limited Money Supply: Bitcoin operates on a predetermined and finite supply schedule. There will only ever be 21 million Bitcoins in existence. This fixed supply eliminates the possibility of arbitrary increases in the money supply, as seen with traditional fiat currencies. With a limited supply, it prevents the devaluation of the currency through excessive money printing.

2) Preservation of Capital: Unlike Norway's shift of valuable capital abroad, Bitcoin's decentralized nature ensures that capital remains with individuals and is not subject to government control or reallocation. With Bitcoin, individuals have direct ownership and control over their funds, reducing the risk of capital being directed away from the domestic economy.

3) Anti-Corruption Measures: Bitcoin's blockchain technology provides transparency and immutability, making it difficult for corrupt practices to thrive. Transactions conducted on the Bitcoin network are recorded on a public ledger, visible to all participants. This transparency reduces the likelihood of corruption by creating a traceable and auditable record of financial activities of the government, financing massive contracts. 

4) Protection Against Inflation: Bitcoin's decentralized nature and limited supply make it resistant to inflationary pressures. As governments and central banks engage in expansionary monetary policies, Bitcoin's scarcity ensures that its value remains relatively stable over time. This stability protects against the erosion of purchasing power and safeguards savings from the devaluation experienced with fiat currencies.

5) Financial Sovereignty: By adopting the Bitcoin standard, a country can potentially regain control over its monetary policy. With Bitcoin, the reliance on central banks and their policies is reduced. This could provide greater economic independence and protect against external manipulations or influence on the currency.