Category Archives: Finance

November 8, 2023 · 23:23

Is it bigger than a hotel room?

That seems like a question, but if you have been on the web and if you have been on YouTube you will have seen a AirBNB advertisement. I personally do not trust them. That is nothing against them, I for the most do not trust anyone. If my mother would call me promising me a solution that gets me  1000% return on investment, I would not trust her (she dies decades ago). 

The BBC (at https://www.bbc.co.uk/news/business-67341051) gives us ‘Italy to seize $835m from Airbnb in tax evasion inquiry’, it sounds simple and cozy. Yet I believe the all over setting is less simple. We see this with “Prosecutors say the firm failed to collect a tax from landlords on around €3.7bn of rental income. Landlords in Italy are required to pay a 21% tax on their earnings” and here lies the rub. Italian tax laws are not simple, but a lot less complicated than some and this was there in all the writings upfront. AirBNB might be “surprised and disappointed at the action announced by the Italian public prosecutor” but this was a simple application of Italian law. And the statement “Christopher Nutly said the firm’s European headquarters had been working to resolve the matter with the Italian tax agency since June” Really? June? It took me 11 minutes to see that part of the law and AirBNB was in the dark for months? As such “In 2022, Airbnb challenged the Italian law requiring the company and other short-term rental providers to withhold 21% of the rental income from landlords and pay it to tax authorities” Really? A firm goes up against Italian tax laws? How quaint. 

So when I see “The firm argued that Italy’s requirements on taxation contravened the European Union’s principle of freedom to provide services across the 27-country bloc” I wonder how their CLO (Chief Legal Officer) saw this? They checked with the local hookers on the Warmoestraat in Amsterdam perhaps? I am just fishing, but still. And the fact that they took this approach after YEARS leaves something to be desired as well. The fact that we are also given “Three people who held managerial roles at Airbnb from 2017 to 2021 were also under investigation, Milan Tribunal prosecutors said in a statement” gives me another path a simplified and optionally an incorrect  one. You see, this is an issue that has lasted for 6 years, the simpleton I would have looked at legal settings before day one commenced, but that is just me. 

Elizabeth Holmes, Sam Bankman-Fired, WeWork and the list goes on. Some ignored the law, some ‘overlooked’ and some merely made bad business calls and the media saw nothing until their stars exploded or imploded. How is that? A setting where we see €3.7bn of rental income and the Italian media never saw that post missing from the tax statutes? I am asking the questions out loud now, because the media isn’t. With Elizabeth Holmes, the media shunned Tyler Shultz. The media levitated Sam Bankman-Fried to godhood and no one looked where they needed to look for the longest of times. The €3,700,000,000 income in Italy makes that almost clear as day. You see that revenue exceeds the combined sums of Enel, Eni and Generali over 6 years and they are the top revenue firms in Italy and no one noticed? Who is asleep at the wheel there? 

Just some food for thought, enjoy it as you progress to the middle of the week.

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November 4, 2023 · 22:16

Voice of the Peoples Republic

It is not a voice we hear often, most times we try to ignore that voice on a multitudes of given premises that are by some account unverified. We merely accepted it and for the most we see the Tiananmen square image. We were all lulled into a state of denial and sleepiness. Now I am not stating that the pavements of President Xi are innocent, that is not the case I am going for. Consider that well over a dozen communities in the America’s are now extinct, all due to the greed of the Vatican. How do YOU see the Vatican? That is a serious question and you should ponder it. You see, some of this surfaces when we consider the BBC article (at https://www.bbc.co.uk/news/business-67305453) giving us ‘China and Australia: Frenemies who need each other’, I get the premise, yet this premise is incorrect for us. You see, as far as I know China has never engaged in hostilities with either Australia or New Zealand. We are also not at war with them. We merely boastingly push them away because of America. The article gives us “In recent years Australia and China have accused each other over human rights violations and perceived threats to national security. Public perceptions of the other side are more negative than they have ever been. But when it comes to trade, they cannot afford to let go of each other. At the peak of their trading relationship in 2020, almost half of Australia’s exports went to China.” It is true, we (Australia) do need China. America has less an less options to fund whatever they overspend. For China Australia (optionally New Zealand too) is a path setting a trade and commerce setting with the entire Commonwealth, with Canada optionally abstaining due to the borders of America. But that gives them Australia, New Zealand, India, Bangladesh, Bahamas, Jamaica, and in the end the United Kingdom and optionally Tuvalu. Tuvalu sounds like a joke, but the moment China gets to place a base there, Hawaii becomes an interesting setting. A place where the USA is no longer safe and it impacts most of the Pacific Oceans strategic area. 

The article is also giving us “Sure enough, a string of Chinese tariffs and restrictions followed on an estimated $20bn (£16.4bn) worth of Australian goods. Among the many products affected were barley, beef, wine, coal, timber and lobster. “Basically the Chinese government was sending a message. They were unhappy with the Australian government and decided to use economic coercion to make that point,” Professor Golley added.” Getting back to that, did we ever see a complete document on the origin of Covid-19? We saw that the media whore itself to all the digital dollars we can get, we saw some of the accusations, but were we ever presented a clear version of what actually happened? Preferably from an independent source? We have acted or presumed acting against China for the longest of times, but it is time to disregard certain media, disregard certain politicians (US politicians) and start listening to what we (in a national sense) need to get ahead. The fintech people made that abundantly clear and most of them are on Wall Street. Then we get something that gives me a question mark. We are given “He reminded Australians that trade with China was worth more than with Japan, the US and South Korea combined. Clearly, normalising relations between what he called “two highly complementary economies” would be a priority for his government. Whether China’s so-called economic coercion was successful is doubtful. Australia is still openly critical of Beijing on several fronts – but there is no question that Australian businesses and workers took a hit because of China’s trade restrictions.” The first is that America is becoming a liability. As its economic value decreases, so does the voice it holds and lets be clear America has used its own version of coercion for the longest of times. Its defence apparatus, the hardware we were ‘allowed’ to obtain and that list goes on. There is a question on economic-coercion from China, I am not saying it isn’t (or wasn’t) happening. I am stating that as the media has remained silent on too many sides, it is also the least reliable one. It is the cross that players like the Sydney Morning Herald (and other Australian papers) will have to carry. There is truth that China needs Australia, I reckon it needs New Zealand too. In all this BRICS will win and America will lose more and more ‘allies’, the economy has pushed for that part. I reckon that once the they acquire a clear business setting with the United Kingdom, the settings for Margrethe Vestager (EU commissioner) will change a lot. Her digital age will change from a field of dreams into a harsh pitfall as EU members will side with the UK hoping to salvage whatever they can, the EU will soon thereafter collapse, it is on the brink of failure right now. The EU had in March a total debt exceeding $14,689,200,000,000. So how long until more banks will have to pull the plug? I gave you all part of this in ‘The finality of French freedom’ which I wrote (at https://lawlordtobe.com/2017/03/17/the-finality-of-french-freedom/) on March 17th 2017. I saw the dangers SIX YEARS AGO. I compared the EU economy kept in place by 4 anchors, with the UK gone it would be three anchors. So the moment China gets the setting to woe the Commonwealth to the BRICS organisation, the EU anchors will collapse. I even mentioned that that economy cannot be maintained with two anchors and I believe that France will buckle before Germany will. The greed and gravy train embellished economy will not support itself when the gravy train collapses, these politicians will side with whatever pays their food stamps and America has none left at present. So yes, we might call China a frenemy, which sounds clever. Yet where is the evidence? We see a mention of coercion, but is it not the customer who is allowed to decide WHERE to buy? Were trade agreements broken? It might be, I merely do not know and the media is not properly informing us. This BBC article is good, it gave us more questions then answers and that is not a bad thing. The issues for a place like America is that the straws are now escaping their grasp and with each iteration we see BRICS gaining strength. It alas means that Russia will be in a stronger position and I reckon that for Chine, for them to win the long term gain they will need to remove Russia out of the equation. Russia is seeing that and is trying to set up more partnerships. But the overall picture with the players is somewhat clear. America and Russia fought so long that the sum of them is now less than the total power of
China and it is now fuelled with Middle East trillions, the one player that had all the cash was shunned and rejected on ego driven factors by America, how stupid was that and I have warned about that stupidity for well over a year. 

How is your weekend going?

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November 3, 2023 · 22:50

Weeds in the reeds

That is not a term you are too familiar with, but in the old days (really old days) it became important to clean the reeds of all weeds. Weeds take the nourishment away from the reeds. It seems trivial but when a farmer had to live from a one acre field the impact of weeds becomes irritating and almost damaging. It is that setting that gets us to the Guardian who gives us ‘Microsoft accused of damaging Guardian’s reputation with AI-generated poll’ The article (at https://amp.theguardian.com/media/2023/oct/31/microsoft-accused-of-damaging-guardians-reputation-with-ai-generated-poll) gives us “Microsoft’s news aggregation service published the automated poll next to a Guardian story about the death of Lilie James, a 21-year-old water polo coach who was found dead with serious head injuries at a school in Sydney last week.” In my personal view it is a populist setting by a desperate joke (Microsoft). 

Take a moment
You see, AI does not exist that is the first thing you need to realise. We do not have the technology to have AI at present. I believe in 10 years we will be able to do so. IBM has two elements that are still in their infancy. The quantum computer and shallow circuits are still not up to speed, but these two essential parts are missing everywhere. I stated before “Machine Learning and Deeper Machine Learning” are two elements and they are awesome, but they are not AI. 

The second stage is that whatever Microsoft has, it is lacking data, they don’t have enough and their data is not clean. To be stupid and tasteless to give us a poll with the three options “murder, accident or suicide”, so whatever idiot (at Microsoft) playing spokesperson with the lamest of all excuses “We have deactivated Microsoft-generated polls for all news articles and we are investigating the cause of the inappropriate content. A poll should not have appeared alongside an article of this nature, and we are taking steps to help prevent this kind of error from reoccurring in the future.”

Stage Three
Stage three is painfully obvious. You see the two missing parts of any poll we see tends to be ‘Don’t know’ and ‘no opinion’, but that doesn’t fit the populist agenda of Microsoft. It wants to rock, rule and conquer and it is done emulating generals like Cadorna, Pillow, Haig, Ludendorff, McClellan and fear not, Microsoft has plenty of stupid people ready to emulate whatever they need to make their ego’s shine at the expense of everyone else.  

The second part is that any poll is set to a hypotheses and the data once verified will result in top-line numbers. The hypotheses is based on insight and whatever Microsoft has can’t do that. In addition any poll needs to be overlooked and optionally revised. This is pretty much 101 in market research. Microsoft ignored it all, just like they ignore all the usual culprits and they care only for the bottom line. That is one of the clear results that this poll gives you. So, whatever idiot was linked to “we are investigating the cause of the inappropriate content” should not be in any IT business. This should never have happened. All the issues state that their was no proper testing, no proper oversight BEFORE publishing and those hiding behind “better to ask forgiveness then ask permission” will merely assist bringing Microsoft down (and that is fine by me).
And consider that in one swoop they also diminished Microsoft Start, which is about to make it market failure number eight. To lose market share to all these competitor eight times over. How long until the core subscriptions will also lose market share. Google and Adobe are ready to take over. In one article some time ago I made mention on how Adobe could set a much larger stage. A stage where Microsoft will only have Excel to rely upon. So how do you think they will maintain their $198,300,000,000 (2022) annual revenue when they lose fight after fight being short sighted and overlooking the obvious? I will let you ponder that but the results and evidence is showing up in more and more places. So how long until others figure out that Microsoft is pretty much the paper tiger we see, we admire the origami skills that were required to fold it, but we forget that any origami can be crushed with the hand of a child. The one obvious setting overlooked by all and especially people listening to Microsoft Marketing who will claim it is the prettiest and it has the sharpest claws of all the tigers in the world. Yet in the end a small child can crush it, not entirely unlike what Nintendo with its Switch did to the Xbox series X. Once you see that spin you will realise the parts I saw appear on the edge of my eyesight 3 years ago and I have written about it often enough. So when Adobe and Google make a partnership and we see that evolve Microsoft with its Office, its Office365, the connected outages, the Exchange server security holes and we can go on for some time. It is (as I personally see it) a diversifying screw-up of the highest kind and now that players like Adobe, Amazon, Google and IBM have their ducks in a row, they can start taking over Microsoft marketshare. This will not happen overnight, but before December 2026 Microsoft will be what we call an empty egg, all shell and no substance. That was the larger danger that they opened to everyone else and I reckon that a player like India will see their own indie developers take the first bites out of what was once a great company. They merely left it (as I personally see it) to greed driven executives, their biggest mistake. So when I made reference with  the chihuahua stating “try Azure, Azure smells nice” I wasn’t kidding. We saw (a few months ago) “Microsoft’s Azure revenue is at least 25% lower than our previous estimates”, so was this fraudulent reporting (like the stuff Sam Bankman-Fried is found guilty of) or was this Microsoft ignoring the system missing part, something any market researcher knows from the get go (see Stage three). Your guess is as good as mine, but a drop of 25% is not a rounding error, it also gives me consideration why Microsoft was so desperate to partner up with Oracle. But Oracle has no master, it can optionally partner with Adobe, IBM and Google too. What it does show (to me at least) is that the Sybase engine that Microsoft bought in 1989 (I think) is no longer hacking it. It was once a contender, now it is down 25% and lagging massively behind Amazon. 

Just like the weeds in the reeds, to be an eight time loser takes a particularly creative kind of stupid. But that is just me. 

Enjoy Friday, the weekend and its 48 hour span are upon us.

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October 30, 2023 · 23:00

Behind door number two

That article arrived a mere hour ago and had me on edge. It came from Reuters. The title ‘Graphic pro-Israel ads make their way into children’s video games’ (at https://www.reuters.com/world/graphic-pro-israel-ads-make-their-way-into-childrens-video-games-2023-10-30/) looks to me, a little bit like a hatchet job. 

The quote that does it is “The puzzle game on his Android phone had been interrupted by a video showing Hamas militants, terrified Israeli families and blurred graphic footage. Over a black screen, a message from the Israeli Ministry of Foreign Affairs told the first grader: “WE WILL MAKE SURE THAT THOSE WHO HARM US PAY A HEAVY PRICE.”” You see, if you know you know. But for those who don’t lets educate you in this matter, there is no blame to you, you might never have considered these parts.

We know that Angry Birds was the game and I feel that this is not on them. What does bother me is “Spokesperson Lotta Backlund did not provide details on which of its “dozen or so ad partners” had supplied it with the ad.” The fact that the ad partner pushed this through Android and possible iOS too. So who was the culprit? We are also given “Israeli Ministry of Foreign Affairs’ head of digital, David Saranga, confirmed that the video was a government-promoted ad but said he had “no idea” how it ended up inside various games.” It makes sense that this was Israeli government and I am willing to believe that they didn’t push it through, but the ad partners could, someone laced this to get a negative spin going. You might not push this to a game, but this game has at present 263 million monthly users, as such up to a quarter of a billion people are being made aware. Now, all things being equal this means that the ad partner that pushed the ad is important to colour and classify this culprit. If only to learn whether this was a mere short sighted salesperson (these ads cost money) and these salespeople like their coin, or was this something more? I cannot tell. To give this kind of visibility to any political song requires a few issues and I get that a person like Lotta Backlund wants to play nice with all parties and she is likely seeking answers too, I get that.

You see an advertisement is made, a project is created, the advertisements are added, that project gets vetted and then pushed online and set against a budget. As such two parts of that stream were either ignored, diverted or altered. Whomever created the project is one, whomever vetted the project (on the game, android and/or iOS) side is the other. If it is only android it might be the same person, but I doubt it. Behind door number two is a new setting, one too many people did not worry about. Even when we ignore all the emotions games are exploited for advertisements and now they are ore and more likely show a message that should not be placed on children. In their defence there are plenty of Adults who like Angry Birds too, so there is that issue but until we get who pushed the advertisement campaign has that project, and as such it tells us how widespread this campaign went. To how many people, in what countries and optionally we get even more personalised data on the who were shown the advertisement. 

The budget will tell us how much interest was given to the project. Without that we cannot see the optional damage created. Yet that part is equally important, this might be the first event we see, but it will not be the last. The moment more and more people learn that THEIR political game can be pushed into a game, the more radical players will show up on the radar and that amounts to  really bad news for governments trying to limit the damage, yet with the populist agenda’s out there, there would be added desire to push messages to games. 

It is still the day before Halloween. So here is a little dark humour.

Question: What is red, in a corner and shrinking?
Answer: A toddler with a cheese grater.

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October 30, 2023 · 22:29

Out of two issues

I am confronted with 2 issues. The first one passed my eyes a few days ago. It came from Arab News (at https://arab.news/946db) where we are given ‘Saudi authorities seize 3.8 million amphetamine tablets in Riyadh’. This is the second event in a year and my doubts are increasing. Not on the Saudi government. What drug dealer ships in one go enough tablets to make over 10% of a population an addict? Weirdly apart from having no knowledge in this, the little knowledge I have comes from a video game named Elite. There we could ‘smuggle’ decently safe 2% of the cargo as narcotics. As such you could ‘decently’ safe smuggle up to 500Kg in a 20 ton carbo haul. There is another matter. This is either done by a really stupid Saudi (with a lot more money than common sense) or this is something else. I personally belief that this is something else. We see the ‘market’ value, but the people with other interests will merely have the manufacturing costs as an expense. 

You see, if this was a real exercise, it would have made sense to merely smuggle 0.1% of that haul per shipping and it would most likely go right, as such I personally feel that these people were always going to get caught, especially in a nation like Saudi Arabia, a nation with zero tolerance towards narcotics. 

Then the quote “Eleven defendants involved in these activities were arrested. They include seven residents of Syrian nationality, one resident of Nepalese nationality, and three citizens in Makkah, Riyadh, Qassim, Hail and Al-Jawf.” My personal belief is that a government hostile to Saudi Arabia is trying to make Saudi Arabia look bad. This might account for the 7 Syrians and one Nepalese. At that point I wonder how the remaining three were EXACTLY involved. Consider that this is a highly volatile situation. Would YOU trust foreigners to make you run such a risk on you? This is not about foreigners, but lets face it, Saudi’s are for all the right reasons not the most trusting in the world and I expect that the Nepalese person might not be Islamic. Too many red flags are going up and I cannot shake them. 

I wonder what deep investigations with something like Palantir Gotham (if it is still called that) would uncover. My thoughts go towards the manufacturer, 3.8 million tablets is (according to some) set to a manufacturing cost of $3 per tablet. So someone handed over $12 million with a 99% certainty to get caught. It does not make sense, $12,000,000 leaves a trail. There is close to no way that it remains invisible, as such Palantir Gotham is one solution to get somewhere. The reason for thinking in this direction is that this is the second catch within a year. Someone has too much money and someone else acquired a lot of money, way more than some hauls. The largest bust in America was a year ago and involved a little over 650,000 pills. That in a nation with over 300,000,000 people makes ‘sense’, still it was a lot, so to see over 600% in a nation with only 10% of that population makes absolutely no sense at all to me. So, I am in a setting where I believe that someone is out there making Saudi Arabia look bad. I have no idea who, or why. My blinkers make me think the only direct (former) enemy is Iran, but that has no foundation in evidence of any kind, merely a gut feeling. But someone was willing to spend well over 10 million twice over to get that done, it is more than I will ever make in a lifetime (unless Amazon, Kingdom Holdings or Tencent Technologies buys my IP). And all this is based on the purity being average, if these pills were more pure, the price tag changes a lot. 

Enjoy the day before Halloween.

 

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October 29, 2023 · 17:07

The students of Mediocrates

This is the setting I found myself in. Early this morning (0r late last night) I wrote ‘War never Changes’ (at https://lawlordtobe.com/2023/10/29/war-never-changes/). It was several hours after that when I got a message from JB-Hifi who was flogging the Microsoft laptop ‘Surface Laptop Studio 2’ and I decided to search on some reviews. I knew nothing of this device and soon enough I understood why. The Verge gives us ‘Surface Laptop Studio 2 review: this could be so much more’ with the byline “Microsoft’s new Surface Laptop Studio 2 has new chips, a new touchpad, and a very, very high price tag”, the review was given to the people on October 4th (world animal day no less) and there we see “there’s the biggest problem for the Surface at this price, which is that its battery life is not anywhere near what Apple can offer. I only averaged four hours and 19 minutes of continuous use out of this device with Battery Saver on” as such this battery is a lot less then what the MacBook Air gave us in 2020, the new MacBook Air is even better. More importantly it loses 7 out of 8 tests against the MacBook Air with a M2 processor. I was horrified that it took Microsoft 47% longer to export 4K video. That is nothing less than a joke. The larger issue isn’t this, it is that Intel just announced its “Meteor Lake” CPU generation, and we expect to see those laptops roll out around December. I have no idea how Microsoft stacks up against that puppy, but I fear the worst for Microsoft.

You see, we get that not every laptop is a given for everyone, I am fine with that. Yet to rely on an I7 processor implies you need a sturdy battery to begin with and that one is missing from the get go.

This is the larger setting of Microsoft, wanting to be in a race merely to compete, never to win it. They lost 6 times over already and they are losing more. How much longer before the Microsoft sycophants give up on the brand? Microsoft always had competitors (Asus, Apple, Dell, HP) and now Intel is in a position to surpass them as well. That is the problem with Microsoft, they aren’t in it to win it. They can claim whatever they want, yet when you get “Unfortunately, the Studio 2’s benchmark scores were underwhelming. Don’t get me wrong: it’s certainly an improvement over the OG Studio. Whether exporting in Premiere or running Tomb Raider, it is faster. But these are far from the best numbers you’ll see among premium workstations today.” To be labelled underwhelming is a problem. They shouted for the longest time that their console was the most powerful in the world and within 2 years it was surpassed by the weakest console of them all (Nintendo Switch) and I am about to hand 50 million potential customers (in phase one) to another vendor (preferably Amazon).

Microsoft is now the favourite corporation to end up with the wooden spoon (dead last in a race). They lost against so many (see previous article for names) and now we see that Intel and Tencent Technologies are potential better players too.
It puts Microsoft on a sliding scale of revenue. It needs to get $4 billion in interest alone on current loans and when their so called mountain of revenue dwindles down because they are losing too many places where they are in the top 2 it becomes awkward and disappointing on several levels. This is the setting I spoke about yesterday and some still call me delusional. Not to worry, the facts are out there and the Verge (at https://www.theverge.com/23900932/microsoft-surface-laptop-studio-2-2023-intel-review) added to the hardship of Microsoft. 

When you get quotes like “right now is a particularly not-great time to be buying a horrendously expensive 13th Gen laptop” especially when the 14th gen laptops are being released next month before Christmas. Then we get “the current Surface Laptop Studio is an okay convertible. For its price, it should be more than that”, as I see it it is Mediocrates all over again. He was the man famous for “Meh, good enough” and in IT that just doesn’t hold the mustard. If there is an upside then it would be the design and the screen. All these parts that I saw looked pretty spectacular. But does that warrant the $3,499.99 price-tag? I personally don’t believe so, but others might feel differently on that. It seemingly has more options to connect and that is good, but as stated lacks a full SD slot. That is an issue I had with the Lenovo Chromebook 5 years ago, but that thing was $349, for $3K more I expect better and the lack of a full slot tends to have other issues when working in laptop mode, but I will agree that could merely be me.

So on Sunday I learn that Microsoft still worships Mediocrates, not a good setting to be in, not at all.

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October 29, 2023 · 00:05

War never changes

I was about to look into something that bothered me in Saudi Arabia when news hit me. That news stopped me in my tracks. You see it is 15 years ago today that Bethesda launched Fallout 3. I had never forgotten about that game, I even missed it to some degree. Fallout 3 after Oblivion was a massive step forward and together they were the start of Skyrim. As Bethesda became a Microsoft subsidiary, Elder Scrolls VII: Restoration became lost to them and I started to push that game in parts towards public domain. But there was one part that was never part of this. The introduction and Fallout 3 reminded me on how important the introduction was. The entire introduction is seen in Vault 101. A simple but strong setting to get you into the game, to start the narrative and to give away a clue or two. I had forgotten about that part, I had forgotten on the importance of a start. In Dune (the book) the beginning is given to us as “A beginning is the time for the most delicate care that the balances are correct.” In the 1984 movie we hear “A beginning is a very delicate time” both are correct. I had never forgotten either, but I see that I overlooked parts of that. I didn’t in the movie I create ‘How to assassinate a politician’ or the TV series ‘Keno Diastima’ in both those settings the introduction is the start and the beginning are the connected prequels. There I have that space, in gaming you do not. In Restoration the game in the very beginning reflects back to Oblivion, a game too often overlooked. Bethesda did a really good job (until they became part of Microsoft). 

As such there were solutions. As a separate game it becomes a different puppy and that had be going. The entire setting is no longer on the elder scrolls list, as a separate game you need to set a different schooling and I did a dissimilar introduction, but now it becomes a much larger station. So what happens when we create not one, but three introductions? When we create introductions for the choices made we get a new gaming setting. We create a smaller infusion of longevity and that is the first step to LTG (Long Term Gaming) that is the stuff that streamers (Amazon, Tencent Technologies) require. Streaming relies on at least 2-3 LTG games and Microsoft has two, when we take those options away by creating a real LTG, we get a new setting, we deprive Microsoft of revenue, something they desperately need after spending $69,000,000,000. Soon they will be haemorrhaging all over the place and denied revenue is one, the other I keep for later. Those two will push Microsoft over the edge and I am driven to that because they invaded our safe gaming space by pushing THEIR needs on all gamers at the expense of everyone else. That angered me, they did nothing wrong in the legal sense, but they did in the spiritual sense and when Tencent technologies and Indies programming for them get that IP (as I am making it public domain) the Game pass loses value, especially as they denied certain games to be there in year one. The greedy will be served, that is what I always believed and now I am making it a reality. And as Microsoft seemingly invested $13,000,000,000 in genAI there shores are stacking up and a few more bad news (like missed revenue and less customers) will set their doomsday clock to 0:01, which works well for me in this case. As I said once before, I will hand my IP to Saudi Arabia for 35% of the value, before I will let Microsoft near it for 165% of that value and making a lot of it public domain works well for me, I might not get a dime of that, but Microsoft cannot make exclusive IP claims when it was published and that is the part everyone forgets about. You see “Software patents for computer-implemented inventions are treated as typical patent applications and must pass the same tests of novelty and inventiveness.” You see, when something is on the internet or a blog, it fails the novelty test. Microsoft will have to share space and cannot claim anything. I open the space for indie developers and they can go wherever they want to go and with thousands of indie developers in China, Tencent technologies will have an advantage and that mean more trouble for Microsoft.

They were warned, but they were eager to ignore everyone to the request of their board of directors. In the end they lose 5 times over. Apple took the tablet, Amazon the Web systems (AWS), Sony took the console, Tencent technologies is about to take streaming services (GaaS) and Google is biting into their office revenue (not as much as I hoped, but still). Bleeding on 5 sides and I will (hopefully) add two points of pressure. In the end their $82 billion investment will come up short. Yes GenAI is all the rage, but it needs a pedestal to grow from and that pedestal is vanishing fast. I wonder which banks will buckle first. Wall Street is at present obsessed with AI, but soon they will realise that this setting needs a platform top start from and the Microsoft platform is waning that much is a given all over. I wonder how long they will be able to keep the spin up. At some point these banks want evidence and if FTX is anything to go by, a lot of banks are starting to get worried, not in the least by my speculated weights of banks with too much US treasury bonds. We see the news on how 10-year treasury  bonds are a green light, but are they really? When that goose sparks a lot of people will be without savings and I fear that that moment is not too far away, giving more added pressure for Microsoft to perform. Consider that the ‘investments’ requires them to make AT LEAST 4 billion just to pay for the interest. Now consider that the media gives us that they made 198.3 billion USD, you would think that this is a no brainer and I would agree. Now consider that they lost 5 times over (6 if you include Bing) to competitors. They are still making some money, but the numbers aren’t adding up. Bing currently has a market share of 3.02%, which is nothing. There are too many cost issues that are not registering as I personally see it. So when we look at the whole picture, they are seemingly bleeding all over and the numbers cause me to show question marks. So am I wrong? I could be, but Microsoft has become too big, everyone is shouting against Amazon and Google, but they stay silent against Microsoft and they just got a new bigger player. 

War never changes the premise is sound, but you win the war by changing the stage the other one is stepping on, or you diffuse its support systems and the others all forgot one thing, the population is a support system in this war and Tencent Technologies is about to come into this field, Amazon had options for several years. They squandered it on I know not what. Now Tencent Technologies optionally with Huawei will get a larger stage to work from, all whilst the Microsoft stage is shrinking. As the middle East turned to China, Microsoft lost even more and that is what too many are trying to be in denial of. I wonder what Microsoft loses by the start of 2024, it will be something but I have no idea what they will lose at present. 

Enjoy the weekend.

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October 25, 2023 · 00:10

LinkedIn has problems

That is the setting I have been looking at for the last few days. What was the number one BUSINESS solution on social media has become a populist self promoting machine of garbage. Yes, a treasure to some is garbage to others. 

Small Issue
See here the small issue. Aqualand Australia, it is more than just a method of presentation. 

We can all agree that presentation would be part of LinkedIn and I have zero issues with that. Yet the link goes to a place lacking all kinds of information and you MIGHT get more, if you only hand over your details and e-mail. A simple email grab, not unlike cybercriminals out for some phishing spots. I don’t mind them being bad at informing you, but the email grab? I have an issue with that. It is the lowest least acceptable form of sales technique done by people who lack sales skills. You see, if they were proper sales people, they would have included a PDF (example) with ALL the information. If the information is good, the real people would be in contact, they would be making the next move. Yet in Australia housing is expensive and I personally suspect that the lack of information is to ensure that these salespeople get every dime out of you that they can get. Not merely the price of the house, but the maximum drain they can get. Now, I accept that I might be wrong on a few things and it could have been resolved by giving us all the goods and the real deal, but we aren’t getting that are we?

Big Issue
This is becoming an actual nuisance. LinkedIn members are getting more and more hassled with fake polls. 

Consider “Is your job hunt in the Intelligence Community becoming more challenging and what specific challenges are you encountering?” Is this an actual Yes/No question? And I am seeing several a day. Some will actually try to connect to whomever answered the question, because the author can see how YOU voted. It is a sales technique that is not clever, it is not innovative. It is (as I personally see it) merely stupid and with groups becoming public, this issue will merely grow.

The larger issue is that LinkedIn was an established professional network, by changing the rules and through that increase traffic, they are now becoming their own words enemy. Consider that players like Xing (German version) is starting to get into a position where they could poach plenty of LinkedIn members by doing nothing and by preventing that these actions will be allowed. Less than half a dozen little actions that could diminish LinkedIn with their 950 million members in more than 200 countries could make them lose close to 10% annually. LinkedIn will be a larger network for some time, but the foundations are shifting. Players like Xing, Jobcase, Hired and Hirect are nowhere near that size, but people might decide to take up a second network and when that network is giving them what they need, LinkedIn will lose a lot more than they thought of. I personally see this that their need to increase traffic for all kinds of reasons is starting to have a more negative impact. 

The number one question becomes how wrong could I be? I could always be wrong, but the populist approach seldom has a positive outcome. It is only those seeking (and lacking) attention seek the populist method and as I personally see it, those lacking sales skills (marketing too) need  all kinds of attention, some valid, some questionable. Yet this is merely my point of view.

As such, LinkedIn need to reassess what they are doing and what they allow to be ‘collected’ A mere change in certain paths might solve part of the problem for LinkedIn for now.

Enjoy the day.

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October 24, 2023 · 01:23

Digital coins anywhere?

Two articles came to my attention, all about the same subject. The first one was from the BBC (at https://www.bbc.co.uk/news/business-67161638) where we see ‘Top crypto firms named in $1bn fraud lawsuit’ this article includes the two favourite in the Facebook (or META) realm. They are Tyler and Cameron Winklevoss. There we see the accusations by New York attorney Letitia James who gives us “Gemini, a crypto exchange, had lied to customers about the risks of an investment account it offered, which paid high interest rates on crypto.” To be honest, I have yet to see any honest presentation of digital currency, but that is another discussion and we aren’t having that one today. It was the partial setting “Genesis, a crypto lender, and its parent company Digital Currency Group were also involved in the programme. It was halted last November, cutting off customer access to funds. That came shortly after the collapse of FTX, the cryptocurrency exchange run by Sam Bankman-Fried, who is now fighting fraud charges of his own. Genesis, which had loaned heavily to his companies, filed for bankruptcy a few months later.” You see, the term ‘heavily loaned’ is loaded. How much EXACTLY was loaned to Bankman-Fired? It is the stage of “In the lawsuit, prosecutors said Gemini was aware that Genesis had shaky financials from the start of the programme.” It implies that there was some under the table dealings between Genesis and Gemini. It doesn’t say so outright, but that is what I am picking up on this. So when we get to “Prosecutors said Genesis and DCG tried to hide the situation with financial manoeuvring and false reports, including to Gemini, while claiming publicly that its balance sheet was strong” we see a second cog in action. It is seen with “false reports, including to Gemini” if true enough it could allow Tyler and Cameron Winklevoss play the victim card. We get more emotion as w usually see in these kind of cases, but the chocolaty centre is there. It is when you consider the second article from Financial News London, who (at https://www.fnlondon.com/articles/goldman-sachs-crypto-firm-bitgo-dubai-hiring-expansion-20231023) gives us ‘Goldman Sachs-backed crypto firm BitGo eyes Dubai expansion’. They aren’t related, but when you consider the amount of issues that digital currency has, the stage changes. I reckon that neither Tyler and Cameron Winklevoss or Sam Bankman-Fried would accept extradition to the UAE if they get to be investigated for fraud or something as trivial as misplacing a few billion? So when we get to “The crypto firm, which is headquartered in the US, has applied for a Virtual Assets Regulatory Authority licence to operate in the Middle East’s key financial hub.” I tend to worry. You see, the moment things go pear shaped and they will, there will suddenly be a lot of tug and pull issues with getting extraditions being completed. These people (the three mentioned) will cry foul, will cry victim and they would not want to face Emirati courts. But that setting will come to full fruition when Goldman Sachs will have to face the music, so when we see “We do have some hiring to do in Dubai as well” I merely wonder if people like Mike Belshe have any clue what they are in for. When you see the FTX setting, the crazy setting that now involves Genesis and Gemini the entire setting is a disaster waiting to happen and no matter how many media will play orchestra for alleged criminals, there will be a larger play in motion and as such when the United Arab Emirates will demand the extradition of the board of directors of Goldman Sachs, how many will have left the firm hours before that request hits the tables of the Department of Justice in America (or London for that matter)? 

And when you consider that the US and the UAE do not have a formal written extradition treaty, we see why people want to skate on that ice rink, but until America can actually successfully prosecute these people I wonder if it is a good idea to allow this evolution to begin with. I don’t think that anyone in the United Arab Emirates (UAE) is willing to hand over real created revenue to American cowboys in the setting of billion dollar frauds. There is a fool born every minute and the UAE people don’t strike me as fools. Personally I would never allow this to happen, or at least not until we see proper prosecution and a real extradition treaty in place, but that is just me and as always, I could be wrong.

Enjoy Monday. 

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October 22, 2023 · 19:08

The thin ice

We all know the expression, no skating on thin ice. Yet when you think of it, when was the last time you saw thin ice? We all hear it, but when did you yourself, with your own eyes see a case of thin ice? We tend to think it is a danger avoided, but when no one sees that danger, is it a danger? Don’t get me wrong, I am not doubting that thin ice exists, before ice is thick enough to carry our weights it will be thin ice. A lot of thin ice seeing is assumption. We see ice and we see no one else skating on it, as such we take it for granted that THAT part is thin ice. Hold on to that thought because I am about to give light to two very different articles.

Arab News
The first was Arab News (at https://www.arabnews.com/node/2395561/business-economy) where we see ‘Saudi banks’ residential loans surge in August as apartments gain prominence’. This article seems nice, but when you read it we are given two parts. The first one is “Mortgage lending to houses, apartments and lands rose to SR7.14 billion in August from SR5.43 billion in July” This is a 30% rise in a month and that is huge. Now there are other factors on play like trends. How was that last year versus this year and a few other things, but 30% matters. In addition we are given “The increase in apartment financing by Saudi banks compared to house financing is due to the increase in prices of houses and private villas compared to the prices of apartments, which has made villas and houses unaffordable to average-income individuals,” and this comes from Talat Zaki Hafiz, an economist and financial analyst. There is the added “Notably, financing of houses still dominates Saudi banks’ new residential mortgage landscape, constituting a 70 percent share in August. While apartments comprised 25 percent of the pie, land financing held the remaining 5 percent.” It seems that the Saudi banks have things well in hand. We can also infer that people are in a better state, the Kingdom of Saudi Arabia is in a better state and the people are setting their lives accordingly. Now, this is speculative, but if the economy was really bad real estate would not skyrocket by 30%, so something is going right there. 

The Guardian
The guardian gives us a very different story in the UK (at https://www.theguardian.com/business/2023/oct/21/mortgage-debts-and-bust-firms-put-uk-banks-profits-under-pressure) there we are given ‘Mortgage debts and bust firms put UK banks’ profits under pressure’. Now we can argue that the UK has twice the amount of people and that is true, yet as I personally see it, banking is banking. If a bank has a certain margin, having twice that margin implies that bank is twice as rich. Now, I get it, it is not that simple, but read me out.

We are given “Bosses watched in horror as a mini-banking crash led to the collapse of a string of US lenders including Silicon Valley Bank (SVB), and later Switzerland’s largest lender, Credit Suisse.” Here we have a problem, what I speculated all along and I saw one part revealed in April was “SVB had few traditional banking uses for the cash that piled up, it instead invested $91 billion in Treasury bonds and U.S. government agency mortgage-backed securities between 2020 and 2021. This brought SVB’s investments to roughly half its total assets.” You see, this was stupid greed and I warned in advance of it, more than once actually and the Guardian does not mention treasury bonds once, there is a whole engine spinning news and misdirecting news all over the media. The speculative setting is that owners of US treasury bonds will auto renew or lose a lot of money, so what would you do if you were the idiot relying on a 2% payday of $91,000,000,000? That amounts to a $1.87 billion payday. I would do the same thing, but these banks used their clients money to hedge that bet and the US government was eager to cater to that level of greed. I reckon that this is why Janet Yellen kept a close eye on this. In addition, I wonder how deep Credit Suisse was involved. 

Yet the setting is housing and “By July, the former Ukip leader Nigel Farage went to war with NatWest over plans to close his accounts at its private bank, Coutts.” Really? One account has that much impact? You see ‘Coutts bank boss quits in row over Nigel Farage’s canceled account’ some might see this as a joke, but for Peter Flavel the boss in question it is not a joke. There is something wrong with banking and banks all over the west. Don’t ask me what, but all these events are part of a larger problem, a problem that involves stake holders blending the message for banks and as I personally see it, the Guardian has been catering to these stake holders. It is highly speculative but even as this truth is given “Speaking to broadcasters Thursday, Prime Minister Rishi Sunak said it “wasn’t right for people to be deprived of basic services like banking because of their views.” I think it wasn’t the views (alone). I reckon that some views opposing the current need is a larger setting and people like Farage could be able to spot that in the documentation handed to them, moreover certain banks have been skating on the thin ice for too long and at some point someone will sink through the ice. That is the danger of the thin ice. For the longest time the thin ice was an urban myth at best, because we never aw cases. But the British banks are in a spot of bother and people like Nigel Farage would shine a big light on that problem, better to get rid of these people and when banks do that, when banks do that to politically A-listers, how much trouble are they really in. You see in March 12th (at https://lawlordtobe.com/2023/03/12/i-honestly-dont-get-it/) I raised a few questions regarding bonds and the eager beavers in the media never looked at that part, not the Times, not the Guardian, not any respectable newspaper as I personally see it. So why not? What trouble is America trying to pass over thin ice? What are we not told and isn’t that the duty of banks to inform their customers? I reckon that Saudi Banks are doing a lot better because they do not cater to anything else but their goals and the goals of THEIR customers. I could be wrong, but considering that we are left in the dark for over 6 months, all whilst Saudi banks are doing 30% better in a month implies something. It implies that they are doing something right.

 Enjoy the last day of the weekend, Monday is soon here, here it will arrive in less than 300 minutes.

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