Category Archives: Finance

IP in the balance

This weekend, roughly 25 hours ago, the Washington Post released a story regarding the F-35, now there are a few stories about that crazy bird in circulation, yet this one was particularly fetching. The article (at https://www.washingtonpost.com/business/2019/11/16/power-struggle-over-f-fighter-jet-comes-head-lawmaker-threatens-hold-up-contract/) called ‘A power struggle over the F-35 fighter jet comes to a head as lawmaker threatens to hold up contract‘ starts with “the complicated IT system supporting the fleet’s maintenance infrastructure still falls far short of expectations” is an eye opener, but it is not the IT systems (no matter how defunct they are) that is the issue, it is the ownership of certain IP systems in the plane, the patents themselves that are now the issue. It is not “some lawmakers criticized the terms of Lockheed’s arrangement with the government, saying overly generous intellectual property agreements threaten to lock Lockheed into a wasteful long-term profit machine with limited accountability” even though it is certainly an issue that is the setting, no it is “Rep. John Garamendi (D-Calif.) threatened to hold up a multibillion-dollar contract if fundamental questions aren’t resolved” that is the issue, yes having multi billion dollars in sales held up is one part way to go, for some of these buyers with a few billion in their pocket, looking at alternatives will be the coarse course they could be sailing, this gives additional problems for Lockheed Martin and the US government is setting the stage as it has the inner lane in this skating race, the problem for Lockheed Martin is that the opposition they face are Russians (who are coming with the Su-35 and the Su-57), apparently NATO sees the Sukhoi Su-57 as a bit of a felon, so anything can happen. China is coming with the J-31, according to some it is a copy of the F-35 (source: Business Insider) yet it comes without IP and Patent battles, so the copy will be out without a politician stopping production on elemental questions not being answered. In addition, its unit cost is $70 million, whilst the F-35 is between $77 million and $108 million, the cost price of the more expensive version implicitly states ‘including engine‘, so there is that to consider as well.

There is however a more serious note to the F-35 and the Washington Post gets there when we see: “Carolyn Nelson, a Lockheed Martin spokeswoman, said the government is working on a new technical data package that was not a part of the initial F-35 contract, as well as a separate “performance-based” contract for logistics support“, you see the issue we see here is not merely IP and patents, it is the situation where government is yielding the floor to local business. If we accept the mess that the US has made in regards to 5G and Huawei, whilst we accept the words of Alex Younger (MI-6) “Alex is giving us the national need and the premise that another government should not have ownership of infrastructure this important“, something I mentioned in ‘Tic Toc Ruination‘ (at https://lawlordtobe.com/2018/12/06/tic-toc-ruination/) almost a year ago. That setting is crucial, as such when you have a national product called ‘Defence‘ why on earth would you let that reside with a global player like Lockheed Martin? I get the idea that the avionics are a bit of a call, yet the IT systems are a larger debate, basically America has large needs with Lockheed Martin, so what happens when the well dries when the US debt becomes a noose around the nations neck? Do you think Lockheed Martin is sitting still? I do not expect that Russia or China ever having a piece of Lockheed Martin, but the UAE, Saudi Arabia? If we take premise to the situation ‘the premise that another government should not have ownership of infrastructure this important‘ the point of view I am taking is a lot less theoretical, is it?

And when we consider: “Air Force estimates that most of a given aircraft’s long-term cost actually comes from keeping it flight worthy. Manufacturers are keenly aware of this, with companies such as Boeing launching whole business units focused on maintenance and repair” we should be wondering why the Air force is striking out, not out like in ‘too bad, let’s try again‘ but in the way that the batsman asks ‘where on earth is the playing field‘, I get it, some jobs are too specific, but is that not the Air force focal point? That in light of the procurement: “the Pentagon has been buying jets in greater quantities in order to get the average price down. They recently finalized a $34 billion agreement that defense officials described as “the largest procurement in the Department’s history.” The deal brought the F-35’s price per plane below $80 million ahead of schedule“, so when you consider that buying 2400 planes (at the very least) got the price down, what math was done on fixing and maintaining these birds? 2400 planes imply 100-250 squadrons, it implies no less than 200-500 repair and maintenance teams, it implies that these people need to be schooled and as they come up short, the move of Boeing starts making sense in a real way, so how much additional costs are involved there? Let’s not forget that the US is currently at minus $23,000 billion (-$23 trillion), we might see the victorious ‘Yohza’ on them reducing the price of a bird, but how much debt, interests and cost of maintenance was seemingly overlooked?

In all this, the Government Accountability Office was seemingly not heard clearly enough, we get this when we consider “the program is having trouble keeping the F-35’s mission-capable, an odd problem for a brand new fleet. The overall F-35 fleet was capable of performing all of its tasked missions only about a third of the time” and that is before we consider the maintenance staff, their training and the setting of spending money before the elements are all adjusted for. So as the article ends with ““if we are missing parts and can’t get our jets airborne, our ability to deliver combat effects on this aircraft is significantly diminished,” said Lt. Gen. Eric Fick, the Pentagon’s F-35 program executive“, I merely wonder what other options were overlooked, that’s fair is it not?

You see when we are considering the upgrades and the adjustment to technical flaws in the hardware, the IT systems become a very real part of it all, oh and any person telling you that the IT is OK and there are not issues, will be my reason to introduce you to a liar. For that you merely have to look at DELL and their setting of laptops, I have had two laptops, both delivered on the same day, and both needing separate upgrades before I got them delivered to their respected users, not different systems, no identical systems! So when we see “we are missing parts and can’t get our jets airborne” in light of software glitches, it becomes a very real thing, the F-35 might be the final straw of short sighted management, whilst asking for the moon. Even as in the past operators like Boeing and Saab decided not to play along in light of bias towards the F-35, we see an evolving matter where they will grasp the events that surround the F-35 as a way to show nations that they have what it takes, in addition, there are outstanding offers from France (Dassault Aviation), it was the initial offer to a much larger degree to train technicians in the fields of service, training and operations that might swing previous missed hits, and no matter how we slice it, Lockheed Martin might be looking at the US as a sole customer soon enough, what a change IP and IT systems can make, even in two-seater planes.

I believe that the over grasp in the 2004-2014 era is now coming back to bite the eager who signed certain agreements. In light of the fact that the F-35 fleet is mission capable only 30% of the time should worry Lt. Gen. Eric Fick a little.

And even as the F-35 might be the odd duck out, the words of Loren Thompson stating “The struggle over IP between the government and defense contractors is likely to go on indefinitely. If you own the information, you can largely shape the future of the system” might be valid in the commercial world, but Lockheed Martin is in the defence world, the rules are a little different there, feel free not to believe me, but in light of The Project on Government Oversight (POGO) and their push to “prevent a future situation like the one now facing the F-35 program — and by extension, American service members and taxpayers“, here we see that the letter to congress by POGO executive director Danielle Brian might become a swing and a Jack, so whilst POGO seeks the optional “It would also allow the government to seek alternative suppliers should the original contractor fail to live up to expectations“, we see more than a victory, the entire Huawei issue might push for this solution, which would make several nations queasy on the F-35 solution they heralded.

The F-35 is showing me the one solution that mattered to the wrong people, it was greed overjoyed and that is about to gain the sunlight and limelight others wanted to keep out of consideration.

 

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A day of fun

Some people are just too funny; yes this is about yesterday’s blog. I have been accused of having moments of grandeur, well yes, we all have those, but the setting I described is not new, and it is happening right now (not by me alas), there are people who take all that feigned ability for ‘no guns to Saudi Arabia‘ and turn that into a business in their need for green, in this 4 places were historically plentiful, I mentioned three but I left Guernsey out of consideration, it has a few benefits, but it is still a commonwealth nation. So it cannot indiscriminately deal with everyone from there, even in transit law application.

It is also why I laugh at places like ‘Campaign Against Arms Trade‘, the government stops dealing directly and starts dealing indirectly, the only thing that places like CAAT guarantee is that the government gets a smaller piece of the pie, It is a laughing situation and the people are not getting informed because the media will not inform them. Do I want to be a part of it?

Of course!

This is an industry that gets the top dog $100M plus (annual) and his disciples (hopefully at some point me) will get around $25M a year for all the hard work, which is about 50% less work then I do for $65.800, so presently there is all the reason to be of service to people in that business. Let’s be fair, with their work and these invoices, when you get the chance between $66K and $25M, what will you choose?

And that is merely when you look at 1-3 customers, there are close to 3 dozen customers and you could get the up and up for up to 2 years, so you won’t get a job afterwards but you retire with an amount that could be up to $55,000,000 (and a house, and a boat, and a model and a car) which is by the way $54,000,000 more then you ever would have made in any other way and more importantly you are not breaking (bending extraneously most likely) any laws. Transit laws are all about location, location, location and location. So you optionally get to redo it three times afterwards, park the money in a nice account and live the life of non-stop being lazy eating 5 star meals.

That is your life in a republic, monarchy and a corporatocracy. Their laws tend to be the same in all nations and the nice part is that it pretty much always works, so why I am not doing it? Without a first contracts and a first contact there is no starting this solution.

So moving to a place like Monaco without any contacts and business on your way, you will end up having no options. You have better options in Lichtenstein and Andorra, whilst living expenses are a lot lower, the amount of contacts will also be close to zero. Guernsey is the one out of bounds, it has commonwealth laws, and even as it has tax benefits, it does have a few setbacks in the arms trade, not for traders initially.

Then there are a few other places where you can trade like there is no tomorrow, yet you need to have your lawyer on standby 24:7 (which is tedious, let me tell you). Still Monaco is a great place for all this, as long there is no transit VIA Monaco you are doing fine, in the past the Netherlands were a great transit nation, but I am not sure if their laws have been adjusted in the last two decades. There is a lot to get through, and that is at times part of the joy to get to the juicy bone. You see, it is not only the Middle East that needs help, there are a whole range of issues with American arms dealers, There are Russian oligarchs that cannot show their face in certain places and they all need dealers, the money will remain good for a long time, because they end up making a lot more and that is the central nail in the coffin, as long as they make good money, you get to make scraps (in their eyes $25 million a year is a scrap). As such you can have the lifestyle you want providing you can swallow that BS agreement called morality. Consider CAAT your destination for the data. They have (at https://www.caat.org.uk/resources/export-licences-eu/licence.en.html) for 2017 $159 billion, now a lot of that is normal arms trade yet there is nothing stopping you from being an in between for 2017 $295 Million, 2018 $260 million and 2019 $305 million (expected). You are basically in a place where you could get 0.1%-0.2% of the arms trade agreements and that is slightly optimistic, you’ll end up with $55M-$65M in 2019, would you not do that? I would!

And in all this, the top 6 recipients are Saudi Arabia, the UAE, India, the US, Egypt and the UK, all decently rules nations, all with a normal seat of power, all needing to defend their borders, that is the Wacky part of CAAT, even as India, the UK and the US are allowed to defend their borders, the UAE and Saudi Arabia are not?

That’s just dealing in double standards. Oh and when it comes to double standards, in that list Iran has less than 1 billion and Lebanon was the destination of 2.2 billion, so what about all the rockets they fire at Israel? As far as I can see it, CAAT has no records of them, is that not interesting as well. OK, I am not counting the 350 missiles they send a week ago as this charter has no 2019 data, but Gaza has been firing rockets on Israel for years now and they cannot build these themselves, so the data is already flawed. That is the problem with CAAT, their idealism is out of whack, for people like me that is a good thing down the road (If I ever get hired) for the arms makers it sucks a little as I am getting part of their profit share, yet in the long run, those board directors would have spent it on blow and hookers (suggested speculation) so it’s good that they lost it (for me in more ways than one).

When you travel the field of import and export and you can handle transit laws the road might seem bumpy yet it still leads to a road giving you 100,000 times the amount you could have ever earned. And this field is not over, because even as we check out the need for arms, we see that several nations have a much larger need for pharmaceuticals. To be the small independent trader seems to be an interesting time, all because we had morals, you tell me how good morals are when you knowingly are not stopping anything, you only indirectly hurt the national product.

Yes it is a fun day.

Oh and Oman, Lithuania, Kenya and Pakistan need hardware too, my day is looking up already (when I get any of these calls that is).

 

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Interesting options coming

Last Wednesday Germany gave me the boost that I needed to get my first 10 million, it is so nice for Germany to think of little old me, this short fat Australian to make a boost in the Middle Eastern arms race. As the Deutsche Welle reported “Germany drastically cut arms sales to Saudi Arabia in the first six months of 2019 — but did not cut them completely“, I am seeing the opportunity to set up my corporation in Liechtenstein, or Andorra, or perhaps even Monaco to set up transit arms rules. And let’s face it, there might be some additional taxation due, but to make about $10,500,000 a month (before taxation) is still a good way to set the pace, especially when I do it as an Australian Expat (in wherever I am dealing). So until these governments get their senses back, I am looking at setting a deal worth $10,500,000 a month, which means that after tax (and other fees) it will be $2,000,000 – $3,000,000 a month. Tax deductions on the office space (read: nicely sized house) and in 6 months (If I am accepted as the go-between) I would be looking at $10,000,000 per 6 months (if not a little more), I get out of bed for that amount and I still have my 5G IP patents on the back burner as well.

Have you noticed on how all the media is all about the alleged murder of Jamal Khasghogg1, yet the hundred plus journalists in Turkish prison get no consideration at all? At that point the entire debacle of what is allowed is just fish fodder. Even as Deutsche Welle is in the dark to all the events in Pakistan, there is reason to sell Pakistan $115 million, Hungary, a place that has a GST of nil gets to order $1.7 billion, Egypt $801 million and in all this Saudi Arabia is a problem?

In light of all that has happened in Egypt and Pakistan the sentence “The government had pledged no more sales after the killing of journalist Jamal Khashoggi in 2018” has word out its value for some time now, especially when we consider what Turkish journalists have to go through. It is a vile form of discrimination and I was always of the mind that we need to fight discrimination, especially when it optionally makes me $10,000,000 each six months.

The article (at https://www.dw.com/en/germany-reduces-arms-sales-to-saudi-arabia/a-51223414) is not the only one; CNN gave rise to my trading empire to extend to the UAE. Especially in light of ‘Elizabeth Warren slams US arms sales to Saudi Arabia and UAE after CNN report‘ (at https://edition.cnn.com/2019/11/07/politics/elizabeth-warren-yemen-cnn-report-intl/index.html), when we consider that the next president will most likely be a democrat, the paces of war trade needs to be extended in a few places and that is where we see a larger growth, especially when the media is all about ‘Saudi Arabia is ‘gradually running out of money’ and needs IPO to fund reforms, ex-CIA chief says‘, all whilst the US has a debt of $23,000 billion (23 trillion is more correct but no one realises how large that debt is). In that light facilitators for arms deals will be essential. In light of that claim, I am even willing to reduce my commission as long as I keep the house and a total of $25,000,000 is guaranteed whether this is over 2 years or 15 years. You see! I am willing to be flexible, and who is stupid enough to set all these stages over an alleged murdered journalist? Especially when there is absolutely zero follow up on the Turkish journalists in prison (as well as the dozen or so that got killed in dubious circumstances). It has become a discriminative business environment and I see no reason to take advantage of stupid people when the opportunity arises. And in the end let’s be fair, when you can set the stage where you end up with $10,000,000 twice a year, will you walk away? The fact that we also see: “Germany had already authorized €5.3 billion in arms exports, surpassing the total annual figures for 2018 of €4.8 billion” implies a growth industry, so as we add Saudi Arabia and the UAE to the fold, there is no reason that Oman and Bahrain should be exposed as non-receivable partners, all friendly towards Saudi Arabia and as such also growth factors in my future endeavour, let’s face it, when someone comes up to me (seriously) and offers me a trade position as a junior and pupil in a place like Monaco, I am definitely saying ‘Yes!’ (in all honesty, if it ends up being Andorra or Lichtenstein I would say Yes too). Yet Monaco will have the largest office and the need for Middle Eastern players to meet us in their yachts every now and then. As such I feel that I can get used to the life in Monaco.

Couldn’t you? #JustSaying

 

 

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There is more beneath the sand

The Australian Financial Review has an interesting article that they released a little over 12 hours ago (at https://www.afr.com/world/middle-east/is-saudi-arabia-s-royal-family-ready-for-a-market-economy-20191112-p539sv), the title ‘Is Saudi Arabia’s royal family ready for a market economy?‘ is an interesting view on the issues that are coming around over the next decade. Stephen Cook gives us part of the goods, yet I wonder if he is cautiously holding back (an acceptable stance for any journalist) or is there more?

That is not an attack on the article; it is well written and shows a writer with a good grasp of grammar 😉 He also makes a few very nice observations. The issues that come from that are not always visible, but we should argue before we get there that any cautious journalist does not need to go there; a blogger like me on the other hand is (at times) all about the informed speculation. So when we see: “to pull off Vision 2030, Mohammed bin Salman needs some of the international goodwill he enjoyed until mid-2017“, that partially true, most of it can however be built with money and Saudi Arabia has plenty of that. At which point Mr Cook takes that frying pan and hits us with “There’s just one problem: the Aramco IPO is far riskier than the Saudis are letting on“. He gives it in the form of “The Saudis are offering stock in 2-5 per cent of the company. One of the sticking points has been valuation“, he is true, and we see that in the article that there is a margin of valuation (depending on the offerer) that is almost 50%, And that is not the only part, there is a view that Saudi Aramco will value at almost twice the price of Apple, that is a lot and there will be an actual benefit that Mr Cook does not offer. He does give us that the Saudi offering could end up netting between 24 billion and 115 billion. No matter how this turns, there will be plenty of Saudis all wanting a share or two, a population supporting its own national product, so there is interest, the benefit we do not see here is the corporatocracy that the EU has become, with value in the fire of shares, whatever Iran will think of next will bounce back, any attacks is no longer a mere Saudi Problem, Saudi Arabia has done something interesting. By offering 2.5% of a company its visibility will become global and that is the first nail in a coffin named Iran. And that is not the only one; there is another benefit to see when we take a harder look at Vision 2030.

You see Vision 2030 will be a clean systems sweep of 5G (and 4G lte) systems, the old 3G and other systems will be absent, the Saudi’s will get a much better view of what is needed in the 5G atmosphere without having old equipment holding it back, you might laugh, but do you have any idea on the amount of equipment out there switched on because there is some ‘twittle’ hardware connection, or the owners merely does not know that some equipment does not need to be turned on? It amounts to almost 7% of the electricity bill and the amount of technology and hardware involved shows a massive amount of additional loopholes requiring fixing. You might not think this is essential, yet when we realise that there is an amount that is between calculated and measured that is not addressed, we see a much larger issue, in at least two cases I have seen the ‘connections’ merely being ‘improperly’ addressed, I wonder what else was not done. Vision 2030 will allow us to look at hardware connected and we will see a whole range of equipment never connected. There will be an amount of niche markets that will evolve because of it and as we see that evolve, whoever is working in Neom City, will get an interesting benefit to this change.

Getting back to the IPO, there is every concern that the quote “Iran’s Islamic Revolutionary Guard Corps (IRGC) has every reason to keep the Saudis on the defensive and mess with Aramco’s IPO” has value, yet the first one who is part of the IPO will have the benefit of calling out Iran’s actions and now there will be nations with skin in the game, Iran is basically done for and it needs the nuclear benefit of playing the bully, yet it is running out of time no matter how blind the EU tends to be. When any Wall Street corporation has skin in the IPO, they will report it to any channel willing to expose Iran and that is what Iran really does not like, you see playing the bully only works when no one is looking at you and that option is about to end. They will now enter a stage where the writer claims ‘make investors nervous‘, yet when they go a little overboard and ‘make investors angry‘ their benefit is gone and that is why they need the nuclear pact to be in their favour. A bully merely knows no other way to look at matters, but now we see a much larger field and Iran is about to get exposed a lot more.

So now we get back to Neom City, the writer gives us “The plans (and promotional video) were impressive, but the effort failed miserably“, yet he gives no reason, I will, The amount of media willing to give Neom City the light of day could be counted with two hands, with the hundreds of accepted media in the Aether, they all shied away from Neom City and it was not Jamal Khashoggi. It was in part America and in part Europe that was scared. A city that is stated to be 22 times the size of New York is a building marvel, it would be no less than another world wonder and the powers that be have no intention of letting Saudi Arabia walk away with a world wonder, not in this age. Even as the bridge to Africa might never become a world wonder, the bridge itself will be a global accomplishment and it will give larger gains to Saudi Arabia. In addition it takes another premise, the city of Sharm-El-Sheikh (Sinai) would gain in several ways, whilst the bridge would open Saudi Arabia to Egypt in larger ways. It would also open up technology paths to Saudi Arabia. In addition we see: “Mohammed bin Salman has calculated that he has a greater chance of eliciting the loyalty of his subjects – and thus shoring up his power – by giving them movies, concerts, and WWE wrestling events; reining in the religious police; and granting women the right to drive“, yet it is missing a part, with the building needs growing for close to two decades, we will see a new class of people, A class to Egyptian Muslims working in Saudi Arabia growing the population and growing a larger stage of a new population drive, those needing a better life, we have seen this in America and Europe and it will drive a new need in these people finding a niche where they can settle their family in growth, that part will be new to Saudi Arabia and it will create new wealth group and a larger drive towards Saudi Arabia. I reckon that Saudi Arabia could grow to well over 20% this was and the size of Neom city would allow for a much larger growth giving new options to Saudi’s and those wanting to be Saudi.

As I see it Saudi Arabia could over time grow that IPO to be up to 9%, so basically it will get access to 3 times that maximum of 115 billion, with an offering that over time will be close to $400 billion, we see that Neom city has been paid for, at that point with the IPO in place, and Neom city ready to grow Iran will be shown to be the bully of the Middle East, and bullies can be dealt with in swift ways by any global population that is clearly aware, which now leaves us Hamas and Hezbollah, we actually need not look in those directions, Israel is looking there already, we merely have to wait what will happen next, with these two elements clearly in lace it will not take long for technology firms to seek their nesting grounds in Neom city, Huawei is actively looking, Google has set its premise, as have Apple, Microsoft and IBM (who added 197 jobs in the last month alone), so the need is being addressed, now it merely takes time for the entire stew to settle, once all the elements have been added, we only have to wait (which will be the hardest part), yet there is little to no doubt in my mind that when we see the elements of Neom City, we will see a much larger shift in the west, it will not only be to stay on par with Saudi Arabia, it will be to get all the residual hardware and all the non-effective hardware to be removed from hundreds of places, I reckon that the US will face a new technology need at that point.

You see, in the end, there is less to a decade to a ‘futuristic city’ and a technologically ‘apt city’, Saudi Arabia is about to show the world that part and all the other nations will need to show that they can keep up and with their debts sized the way they are that will be the hardest issues for them and the US knows it has a large problem keeping up, as does the EU, they never thought that they would require to meet wits with Saudi Arabia, they never thought it was ever going to happen, as such they were not ready. Iran is banking on it, in the end I wonder which of the two elements will be the strongest, I’ll let you figure out what I mean.

i believe that by 2035 the global technological will be redrawn, it will be a map that the EU and the US will not be happy about. The Wall Street Journal gave a nice presentation 4 days ago with ‘U.S. Government Is Tripping Over Itself in Race to Dominate 5G Technology‘ and ever as we see sources stating: “U.S. officials say the country is in position to reap those benefits”, we merely need to see SDXCentral giving us: “AT&T is tempering expectations for its forthcoming 5G network riding on sub-6 GHz spectrum. While AT&T says it was the first wireless operator to demonstrate 1 Gb/s and later 2 Gb/s speeds on a commercial 5G network running on millimeter wave (mmWave) spectrum, it’s not making any grand projections for a speed improvement on its forthcoming 5G network running on the lower spectrum bands” (at https://www.sdxcentral.com/articles/news/att-down-on-low-band-5g-speed/2019/11/) to see that they are all running for the advertised word and there is a large hiatus between the ‘advertised word‘ and ‘achieved technology‘, that difference was seen at the end of October as Reuters gave us: ‘Trump says U.S. will cooperate with ‘like-minded’ nations on 5G networks‘, everybody on the US sided mind is trying to fix the backlog that they have against Huawei and some of them have a huge backlog, when we see “Trump has held numerous calls with foreign leaders, including British Prime Minister Johnson in August, to urge them not to let Huawei use 5G networks“, yet at by the time have we seen ANY EVIDENCE that there is a national interest failure on Huawei hardware? America hopes that it has taken the hardware drive and fixed its own economy (and the mere fact that we will not ask questions), yet Saudi Arabia already has ties to Huawei giving Saudi Arabia the option to pull ahead and make the monthly gap larger on a daily basis. The difference is that intense. There is more and more evidence to see that the EU is not going the way of the US and that will give them an advantage on the hardware range, yet they still have all the other old hardware to deal with. They could face two issues, let’s not forget that Riyadh faces that too, but if Neom City shows the benefit to a newly constructed fast internet city, what we saw in the UK 5G image, that path will be faster seen in Neom city, merely because the change is pushed from the beginning and not after the fact (as most technologies are).

The ‘what 5G is about‘ shows what 5G could do and in many nations we see part of this appear over time, yet in case of Neom city, with a 5G focus it will come all at once, it will give Arabian software Engineers a larger playing field and a playing field on rolling out some of those solutions anywhere else in the world. It is a path that we seemingly forgot about and we have seen this path a few times from Japan and the US, just the idea that Saudi Arabia will be able to focus on it was never in the sight of any of them and it is scaring them, Neom City has become that scary to both the US and the EU (well and Japan too). They have all been in the mind for well over 5 years that they see it first in Japan and later on it will be rolled out to the rest of the world. Now that setting changes those in charge are afraid, they have no ties to Saudi Arabia and no ways to make them.

Fear will be the key that the US and the EU will employ to set issues straight, and stopping Neom City to a much larger extent will be their focus, which gets us back to the quote we saw: “the effort failed miserably“, There was as I see it a much larger need to keep it out of the media, the people just never got to see all the elements that were clearly visible in 2018 when initial view of Neom City was given. I saw the first parts in May 2nd 2018 when I gave “the attached Burton presentation ‘Opportunities in Saudi Arabia – Vision 2030 and Beyond‘ spends two slides on it and the most important part shown is “Vision 2030 calls for 50 percent of military equipment purchases from domestic suppliers instead of imports“” a presentation by Edward Burton, President and CEO, U.S.-Saudi Arabian Business Council from June 2017. (at https://lawlordtobe.com/2018/05/02/are-there-versions-of-truth/) in the article ‘Are there versions of truth‘ I had not realised all the elements at that point (why should I?) yet I saw that Vision 2030 would be a bigger issue yet the larger impact would be visible beyond “90 executives from both countries to sign new trade and investment agreements worth $350 billion” the fact that in these 90 we would see “Lockheed Martin ● Honeywell ● JPMorgan Chase ● The Dow Chemical Company ● ExxonMobil ● Jacobs Engineering ● Baker Hughes ● McDermott International” was clear, the fact that Jacobs Engineering Group Inc. (Steven J. Demetriou) was involved was a clear indicator of that. I believed that whatever think-tank Edward Burton responded to was seeing ‘roadmap for economic development‘ and Identifies general directions, policies‘ and optionally ‘CEDA established new operating models‘ and realised that this went way past the Council of Economic and Development Affairs (Saudi Arabia) there was an actual global impact. This setting has merely taken an accelerated view, especially in regards to Huawei, there is a much larger setting and we will soon see that the impact is global.

Darn! I was not the first to notice!

Even as we realise that the Council of Economic and Development Affairs was created in 2015, there is a larger stance where Saudi Arabia has found the flex point where they will become a global player, that is why Iran is scared, that is why other parties are about to play diminished roles and they are all afraid, their status quo is about to be removed.

 

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Uber driving facts

It seems that people do not like Dara Khosrowshahi that much, it all started with Jamal Khashoggi and now ever the Guardian staff member Edward Helmore adds to this with: “Khashoggi, a Saudi national resident in the US, and a severe critic of the Saudi regime who wrote for the Washington Post, was murdered in Istanbul last year after visiting the Saudi Arabian consulate there. His body was dismembered and disposed of“, it is the part ‘His body was dismembered and disposed of‘, that part cannot be proven and in light of that we also have ‘was murdered in Istanbul last year after visiting the Saudi Arabian consulate there‘, at best we can use these sentenced with the added word of ‘alleged‘. That is the foundation, anything else is a joke, we have laws and we seemingly (at least the media) uses the law to hopefully get better interviews by incorporating slander (as I personally see it), by using the name of Aggy Calamari, UN essay writer the writer thinks he can just marginally add the Crown Prince of Saudi Arabia into this mix by stating: “His death has been described by Agnès Callamard, the UN special rapporteur on extrajudicial killings, as a “deliberate, premeditated execution” that warrants further investigation into the responsibility of the Saudi Crown Prince, Mohammed bin Salman“, you see, there is no evidence of killings. I am not digressing; I believe that a bad fate has befallen Jamal Khashoggi, although one can argue that he is 97% more known after than before is long term absentee. When we in what is (laughingly) called the free west, can we claim that part when we just apply laws on a mediocre level? By the way, the article is (at https://www.theguardian.com/technology/2019/nov/11/uber-jamal-khashoggi-saudi-arabia-mistake-dara-khosrowshahi)

And the part where Aggy makes a jump from Istanbul to a Saudi Crown prince with “warrants further investigation into the responsibility of the Saudi crown prince, Mohammed bin Salman“, even as the article did not reminiscent on it, the truth is that the report is using: “The CIA has concluded that Saudi Crown Prince Mohammed bin Salman ordered the assassination of journalist Jamal Khashoggi in Istanbul, the Washington Post has reported. The Post said US officials expressed high confidence in the CIA assessment, which contradicts Saudi government assertions that he was not involved.” something a collection of papers have been using since that report was given freedom to fly anywhere. You see, I have an issue with “US officials expressed high confidence in the CIA assessment“, now we can bid high and low with the CIA, but they are the people who instigated the silver briefcase tour with Colin Powell, at least they had graphics in that assessment, can anyone tell me where those Iraqi WMD’s were? And why was it by some laughingly referred to as Operation Whatever? So before we give any level of certainty to the CIA, we better be sure that the right people are looking at that data.

All issues that Aggy Calamari should have been aware of, yet her report was laden with CIA elements.

And now we get to the attack on Dara Khosrowshahi “In an interview with Axios on HBO, broadcast on Sunday, Khosrowshahi was asked about the Uber board member Yasir al-Rumayyan, a director of Saudi Arabia’s Public Investment Fund, which is the company’s fifth-biggest investor“, which is followed by another assumption “He was seized, killed and dismembered by a Saudi hit squad“, we cannot prove any of that, and why is that? There is no body, all matters are subject to supposition, the Guardian refused to follow supposition when it came to Grenfell, the Kensington and Chelsea Tenant Management Organisation (KCTMO), you know that building where ‘Grenfell Tower blogger threatened with legal action by council after writing about safety concerns‘, coming from a warning letter from solicitor, Vimal Sama, dated 25 July 2013 and addressed to Francis O’Connor, accusing him of “defamatory behaviour” and “harassment.”, I reckon that the entire matter is off hand as the building looks a nice charcoal black, you know that building in North Kensington, yet when it comes to one journalist, and one the bulk of the planet does not give a hoot about, we see supposition on top of supposition.

One could even argue that HBO, after the finale of Game of Thrones, HBO needed a new channel for emotions, and Axios seemingly provided. My point of position I clear, I do not know who did what, because Jamal Khashoggi was never found, we can assume that he was killed, at present he is merely missing (murdered requires additional evidence) but we cannot prove any of it. In case of Axios, there is a simpler situation, the setting was loaded before the interview and Dara Khosrowshahi has handed a curveball that he tried to ‘laugh off’ or diminish. It was his interview on HIS Company, on this there was mention of one of his board members, a Saudi individual named Yasir al-Rumayyan, director for the Saudi Arabia’s Public Investment Fund. The entire article that was on the interview of Dara Khosrowshahi was washed into another article (trying to) slap the Kingdom of Saudi Arabia around, I think that the articles writer Edward Helmore made a few mistakes, getting into Journalism might be one of them. So whilst we reminisced on ‘American intelligence agencies concluded that it was ordered by Prince Mohammed‘ my request becomes simple ‘Can we please see that evidence?‘, because not unlike the entire WMD issue that was apparently happening in Iraq, I will be able to punch holes into this issue as well.

Oh, and I was not talking about that flimsy piece we saw in Aggy’s essay, I want to see all the raw data available, perhaps I will be turned around, more likely than not, we see the need for turning heads away from other matters, we have seen it before, but I am willing to investigate the evidence (curiosity killed this cat, miaow).

The fact that makes this entire matter so interesting is that this one cat Jamal Khashoggi gets all the capture and the 231 journalists have been arrested after July 15, 2016 in Turkey get ZERO words from pretty much ANY newspaper around the world. Whilst Mehmet Akif Öztürk was jailed for 8 years and nine months in February this year, his colleague Turgut Usul (presenter) has been jailed since January 2018 pending trial. Oh and perhaps someone can find out what crimes Nazlı Ilıcak did, he was sentenced to life in prison with solitary confinement. I wonder how many journalists are out there what crime a publisher/journalist has to undertake to find himself in a lifetime of solitary confinement. Perhaps Axios could look into that, they seemingly need an emotional side in there broadcasts now that HBO has ended its game of thrones.

I wonder how long it takes form the people to wake up shouting some stupid slogan involving Jamal Khashoggi whilst there are issues out there that are a lot worse and in light of the diminished value of journalists, the entire mass is getting crazy shouting: ‘A pigeon is pooping on the street‘ whilst one corner from that place someone is shooting pigeons left, right and centre. I wonder if the who is shouting the claim so that no one is watching the one shooting all the pigeon’s one street further.

I wonder if Jamal Khashoggi realises that his value allegedly dead is seemingly 1000 times higher than when he was still writing some column in the Washington Post.

 

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The deal

There is a deal out there, at least in the UK. There are all kind of deals out there, the consideration is all in the eye of the beholder, yet what is the deal?

The independent has a few views, the first one is ‘Labour and the Tories are both desperate for a taxpayer-funded spending spree – I don’t trust either of them‘ (at https://www.independent.co.uk/independentpremium/labour-conservatives-general-election-spending-plans-economy-a9195736.html), yet its by-line has an interesting thought ‘makes me wonder who is actually monitoring the books? Who is in charge of the economy?‘ Yet that is he issue and it has been n issue for close to a decade. Another article is focussing on ‘Which chancellor would you prefer to ruin your life? Sajid Javid or John McDonnell?‘ (at https://www.independent.co.uk/voices/sajid-javid-john-mcdonnell-general-election-chancellor-brexit-labour-a9192161.html), yet in the guardian we see: ‘Labour derides £1.2tn Tory costing claims as ‘work of fiction’‘ (at https://www.theguardian.com/politics/2019/nov/10/labour-derides-12tn-tory-costing-claims-as-work-of-fiction-corbyn) there is a larger issue at play, there is no doubt that both sides have parts that make sense, yet both are as the Guardian states ‘Both parties have promised significant increases in public investment, funded by government borrowing‘, this is however not a great time.

The dangers that are out there is the fact that Austerity is a path that is slow and cannot be fast, there is still a decade of austerity at the very minimum and this spending spree will add half a decade. The Guardian also gives us “The independent Institute for Fiscal Studies (IFS) has said the Conservatives’ investment plans would amount to an extra £20bn a year, and Labour’s to £55bn a year” whilst tempering this with “Javid declined to say whether the Conservatives would implement promises made by Boris Johnson during his campaign to become leader, which included an increase in the threshold for higher-rate tax to £80,000 a year“, the problem with that part can be seen through the numbers giving by the government (at https://www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/incomeandwealth/bulletins/theeffectsoftaxesandbenefitsonhouseholdincome/financialyearending2017), and that is merely two years ago, so when we look at the chart, how much of that collected money will give any kind of relief towards austerity?

The problem is that the people are sick and tired of austerity, but that was going to be the controlling majority to deal with debt, we can call it ‘austerity’ or we can call it ‘debt control’ the UK cannot continue the spending it had done for the longest case, not if they do not want to be vassals of banks, and the problem is that the largest collection of banks are those out of the UK, the only way is to fall below that spending spree and that is not a popular solution to listen to. Yet the numbers are clear and I get to laugh out loud for almost a year as Labour made these promises whilst the budget just didn’t allow for it, and the funnier part was that the proper taxation was key, not merely the richer people all people and more important corporations, yet Labour did not really give any of us the view that corporations were to properly taxed, were they? And the one chart I gave you shows that taxing the right will not give us anywhere near the funds required, so why is Labour connecting to its members with fairy tales and a conundrum of stories that could be minimised to a level that gives them the reality of a magical roundabout (the one with Eric Thompson doing the narration). The situation is that bad and we are just not catching on, why is that?

In that case the Libdems get closest to it by “The Liberal Democrats’ central spending pledge is a radical increase in childcare, which they said would be free for all working parents from when their child turns nine months old, at a cost of almost £15bn a year. They said they would fund it by reversing corporation tax cuts and increasing capital gains tax“, I wonder how much you can tax capital gains tax, and I have questions on how you will ‘reversing corporation tax cuts‘ but they do have the right idea in part, as I see it ‘reversing corporation tax cuts‘ is the better stage, and what do you think will happen? Apple will suddenly decide to reduce new locations from 15 to 10 (no great loss there) and others will follow suit, when the going is less profitable they will all vacate towards ‘bonus share’ percentages and all of it out of the UK, I personally believe that it is time to stop giving into the need of corporations, but that is just me. And the most important part remains, you cannot do any of the spending until taxation is clearly established, All parties need to learn that inescapable truth, because it is already too late for alternatives, the UK, the US, Japan and the EU have been playing the spend card for too long and whilst collections have been delayed and outstanding the world has no reserves left, this generation is the first one handing out money that was means for the grandchildren, and we all let them do it. And whilst we read ‘Javid has adopted a considerably more relaxed approach to balancing the books‘ with empty persuasion we forget that they already ended up spending the money that was meant for our children and now they are busy spending the funds meant for the grandchildren and I wonder what excuse they will use to let that continue?

There is a larger inequality and that inequality is not addressed, why is that?

And when it comes to excuses “The Brexit minister Kwasi Kwarteng also sought to defend the Conservatives’ calculations on Sunday, but refused to give an equivalent for his own party’s spending plans. “I’m not going to bandy around figures,”” The question is what is worse, not being into the act of bandy, or giving us fairy tale figures? I honestly cannot decide, omission or denial, both seem to be keeping the voters away from having a judged informed decision and as far as I can tell, none have any idea of where they will get the money from to fund whatever they need to get elected. At present the UK has a debt that amounts to 86% of GDP, whilst Germany has one that is a mere 62% of GDP, now there is an additional side, Germany has a much larger GDP as they are supplying for the need of many, the UK does not have that option, As such it amounts to £2.265 trillion and that amount grows well over £5,000 per second, as such the debt might seem a mere £62,500 per taxpayer, but when we look at a debt of £36,400 per citizen do you think I was kidding when we are currently spending the money that was meant for the grandchildren? With a debt of £2.265 trillion, the interest cannot be below £225 billion a year, so when you look at the total collected taxation, did you think that the previous chart gets anywhere near that amount? Oh and for Germany (in comparison) €1,990 trillion Euro, yet their debt is diminishing, it has been that case from 2010 onward when it was at €2.035 trillion Euro. Germany is ahead of the UK there, and for now it might be €48,000 per taxpayer and €24,000 per person they are merely seemingly in a worse place, yet their total debt is still going down every second, the UK debt is still increasing and until that comes around the UK has no cause for cheering or for some debatable spending spree.

The rich cannot fill that gap, anyone who says differently is lying to you, it is time to fill the gaps, reversion tax gaps is one part and making corporations accountable for whatever scheme they have next is another part, it is time to let corporations pay for their mistakes, as we need to hold the ruling parties accountable, the clear path seen is the fact that whatever is available for your grandchildren is diminishing and your vote is a clear path in stopping that. So make sure you follow the right party, I’ll let you figure out who that is.

Oh and one small consideration, when the entire EU, the UK, the US and Japan, Russia and China all have debts in the trillions, where do you believe the wealth of the world is?

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Finally!

Yup, there is a new fashion in town and it will force the companies to fix the one element in IT that most corporations have ignored fixing for the longest of times. The issue that needed fixing for the longest time was non-repudiation, the issue has been clearly around for almost 10 years, 15 if you want to set a time table, but today on LinkedIn ‘Netflix and don’t share‘ shows that the industry will start doing something about it. The problem is what drives the masses to think that a paid service could ever be free. And even as we see: “Market leader Netflix has already declared it is examining how to curtail password sharing among family and friends. But streamers are treading carefully in teaming up “against the grifters,” aware of the backlash record labels previously generated in the Napster era” we need to be aware of the setting that it is a Netflix world and if you don’t pay, that is fair enough, but it also means that you can’t have Netflix. This issue is not limited to Netflix, it has a setting in video games, a setting in programs and in the past it had a setting in music. The problem is how to go about it. For places like Netflix, there is the non-repudiation solution, so in your network there are a few devices that could be set to receive, in the home environment the router tends to be the most culpable solution, yet in equal measure the home devices are also solutions that give rise to the patch of hardware that will allow one person to be connected, as such, Netflix was nice enough to allow 4 devices to be linked. Yet what to use as a system of non-repudation?

Well, email is certainly one way of doing it, but that only helps to some extent, the nice part about e-mails are that it allows Netflix (and like-minded people) to communicate with the owner on hardware, so as long as the email address is not hacked, this is decently safe.

Non-Repudiation

The term Non-Repudiation is not new, It refers to the ability to ensure that a party to a contract or a communication cannot deny the authenticity of their signature on a document or the sending of a message that they originated. So you and only you could have instigated the connection, bio-metrics are only one part of it, so is a password, non-repudiation is more, an autograph have the elements to complete non-repudiation, but in automated traffic, a copy of a autograph is becoming exceedingly simple, so we need to set the state where two tiered enabling is the way to go. Even if the origin of the two tiers was done in separate ways, combining them in any stream would be a decent level of assurance to convict a jury of peers (and Netflix) that only you could have instigated the stream. And Netflix is not the only one seeking for a solution. Bank solutions, use a pin and a bank pass, it is close but in in the end it is not real non-repudiation. Netflix needs to find a solution and whatever they find will push authentication technology.

And the system needs to be simple, not just for customers sake, the setting of complexity in these matters was best described by Scotty the Chief Engineer in Star Trek 3 whilst sabotaging the Excelsior: “The more they over-think the plumbing, the easier it is to stop up the drain“, it does apply to authentication and non-repudiation systems, especially when distance is an issue. So whatever we have at point X requesting for an authentication that tends to be the soft spot in the track.

It has to be simple, it needs to always work and it needs to set 2-3 alternatives at the spot. The problem with such a system is that it is not really non-repudiation at that point.

For example

A programmable dongle can be hacked; the hacked account can be copied. And these dongles will come from somewhere, so criminals will end up having access to the stuff they need.

As such the best you can hope for is a system that will take out 80% from accessing such a solution, add proper cyber solutions in the form of law and you have a solution that a company can live with, as it deals with 10% of the outstanding 20%. It is not pretty at times, but at least it works. So these solutions could stop 90% from using stated systems in a non-paying capacity.

We can go in all directions from there, but the world needs a solution where non-repudiation will stop 96% dead in its track, and only up to 1% would be able to find a workaround. Making the non-repudiation system a 98.9999% working solution. I reckon that this is as good a solution as we are going to get and the solution is needed faster as 5G will require correct non-repudiation solutions to be up and running. With 5G out and about, the criminals get a 500% chance to get to more systems to infect more and more devices as such the need for Common Cyber Sense is becoming a pressing matter and from there we can move onto non-repudiation. Consider that the current situation allowed cyber criminals to lay their fingers on $120 billion dollars and with 5G out and about criminals will have access to well over half a trillion dollars, one could argue that it is a great day to be a cyber-criminal, or we can do something about it, because the one thing I do know is that the banks will only take hits for as long as they cannot make a case for ‘negligent care, the person did not take care of the item like a father would take care of its child‘, that is not some rant, the art world is already working with terms like that. How long will it be until banks and payment systems will take the same steps? At that point, the hardship will fall on the owner of the hit bank account, not the bank, unless a clear established path of evidence is presented that the bank itself was the intended target.

Oh, and when banks are no longer held accountable how much attention do you think that the FBI has for little you? Common Cyber Sense will be the immediate requirement.

Non-repudiation will be the big next thing soon enough and whoever gets a system like that up and running will make an absolute fortune, it would change my 5G IP systems into small change, nothing more. It is the next thing and we are in dire need for such an inventor soon enough, not just Netflix.

 

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