Category Archives: Finance

June 26, 2023 · 13:05

Is it the real issue?

As I was writing the previous story, the story (at https://www.bbc.co.uk/news/business-65997926) arrived to my desk. As we see ‘Can we stop being tricked into subscriptions?’ My mind went back to a similar story I wrote in 2022, when someone accused Amazon of porn site approaches and we see here “‘I spent £6.99 for 18 months’ A huge range of firms now offer subscriptions ranging from food delivery to contact lenses and it is a growing market. Many offer a free trial, or discounts in exchange for people signing up. However, people the BBC has spoken to say they feel they have been locked in unintentionally because they have forgotten to cancel their subscription when their free trial period has ended.” Consider, when you forget a monthly responsibility, is that the service offerer or is it the schmuck who close that deal? And in this case Schmuck is the right word. When you have a deduction on your bank statements for 18 months, that person was not on the ball, missing the point. So when we are given “John, for example, told the BBC he had signed up to Amazon Prime video for a 30-day free period and forgot to cancel it when he had to start paying for it.” As such is that on Amazon, or on the dumbo forgetting he SIGNED for a responsibility? 

As such consider WHY are you taking a subscription? Was the reason valid, or was it a short term need? None of this is on Amazon, none of this is on the subscription offerer. That is the very first thing you need to realise. Just like those Gyms offering subscriptions by letting them be offered by ladies looking really good in D cups (or larger). It was the simple stage of sex sells, there was no sex involved, but the ego of the man never figured that out until he had been there for 2 plus years. 

Yet there is a side I cannot disagree with. It is given with “But Citizens Advice says it should go further, calling for auto-renewals to be banned altogether and making firms ask people to opt in, rather than opt out of subscriptions after a free trial.” It is not what these people want, but there is a clear stage that any offer should be by monthly, quarterly or annual opt in is fair on the consumer. As such some change is required. It is not on Amazon, but Amazon will be affected as well. As such, I can get behind ““The government has to acknowledge the pressure on consumers’ pockets. This has to be the start of reforms, not the end,” says Matthew Upton, executive director of policy and advocacy.” Matthew makes a decent case, even as people like that John might be too stupid to figure it out. There is indeed a need for reform. I cannot state that Amazon needs it, but plenty do. Netflix too has a decent cancellation option. Yet which do not? I cannot tell and as such I find the opt in continuation a decent solution. But the real issue is not the actual issue. It is a person like that John is so stupid that he paid 18 months because he forgot and the BBC picked it up as news. The headline should have stated ‘Should we adjust to the need of stupid people?’ That is merely my personal view on the matter.

Enjoy the day.

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June 24, 2023 · 10:11

Path of a slippery slope

We all have that at times and this time it is me on that slippery slope. You see I made reference to the loss that Facebook would be facing, and yesterday I decided to dig deeper into that. You see, I have nothing against Facebook (or Meta), I am not after their channels. Yet my new design will give a larger stage and it will cost Facebook 10%-15% (a rough estimate), I doubt it will go beyond that, and if it does, it will not be for many years. Still according to the numbers I am finding (2022), that would mean a loss of $11-$17 billion to Facebook and there is no other side to that. It will not become my revenue (the revenue of my IP). It will trickle down to me to a small degree at some point and I was contemplating how I could enlarge that trickle effect. But I am deciding against it, because it will impact the bottom line which implies that the negative effect is a lot larger than the positive effect. And as I was looking deeper, I saw that the other branch has additional positive effects. Not more money (perhaps over time), but it sets the stage that the revenue of stage one will be met quicker, which is absolutely good. It is the third branch that has a few items, no negative sides, but I have been looking into getting a more positive impact, positive revenue stream sided. Still there is time for that and perhaps as the third branch is executed, more options become available. In the first I am looking into the option of the Tomes that are connected. There is a stream coming there and it is positive, but there are no numbers, no numbers from any reliable source that would give me this stage to be considered quicker. 

As such there are more sides to consider, especially as Facebook is coming with its own Twitter, there is nothing realistic yet, but I have been considering on how this could be accessed. As Twitter is playing games, I see no real benefit at present, but Facebook has other goals and there more options could evolve. 

Still I am on a slippery slope. I was feeling content and safe when it was all about the IP, as such I am not focussing on the revenue streams (other then a return on investment). You see, here we get Microsoft (who is not allowed near my IP). They are a 5 time loser. The first was their Tablet approach (that Surface thingamajig), which is nowhere near Apple, not even a dent in their revenue stream. This was their first loss. Then they lost their cloud solution to Amazon (that bookshop) which is loss number two, then they lost the console war to both Sony and Nintendo. This beckons the laughter that the strongest console in the world lost to the weakest of them all. That gives us loss number three. They are losing market share to both Apple and Adobe in their core office setting which is loss number four and the streaming war they will definitely lose it to whomever ends up with my IP. And in addition to that, they will lose to Amazon for sure and they will lose to whatever Tencent Technology will bring and they are likely to lose to Apple Arcade (I do not know enough of that solution) as well. This makes Microsoft a loser five times over and as such the implosion of Microsoft is still on for 2026. Which after all those billions invested in keeping Sony smaller is just hilarious on many sides. These elements matter because it places my IP in a premium spot. The idea that I have the ammunition that boots Microsoft in the ass makes me happy, no matter how little I get for it. Still, I need to focus. You see, getting overly happy on one side is not good. I require a critical mind to consider what could be done in three stages.

The first is what I must have (Unreal Engine 5)
The second is what I should have (a clear population with a mission statement)
The third is nice to have (A Foxtrot Uniform to Microsoft and optional additional revenue streams to moi)

These three streams are always considered in the short term, medium term and long term. Americans hate long term, the often lack focus and vision. Yet the long term is always important. It matters towards whatever mission statement you cloak yourself in and how you present the solution. It matters a great deal. Only spreadsheet users focus on the next quarter, but it is not about the next year, it is about the next three years (at least) and that is how I saw that Amazon and Google were leaving billions on the floor (Google more than Amazon). It is a realisation on where one could be heading where the real profit is, because the bulk of all revenue seekers are focussed on the next quarter (where their bonus is). And because of that they leave larger revenue options untouched. Feel free to oppose me on that, but when you do, look at your boss and their bosses on where they are focussed on. It is always a next quarter stage and you tend to lose a lot of revenue that way. Even now we see all the tech companies and places like LinkedIn shedding hundreds of jobs, all whilst a place like LinkedIn had options, they had in their niche options to diversify and keep to their niche. Others are in a similar stage, and when we realise that, other can have a go at finding their option. You see when you the delimitation of a corporation (that next quarter thing) your options open up, not merely mine. All those willing to dream and design past a next quarter will have options they never considered before and that is when you see the meadow with lost revenues. A meadow that Microsoft, Google, Amazon, LinkedIn, Meta, Salesforce, and several others. They are all shedding jobs and perhaps for them it is a valid setting, but that also means that they aren’t able to make critical adjustments when people are needed and that is where the visionary comes in. I was lucky that my IP started well before they shedded jobs. I was in a pristine place where no one was looking and I have that advantage now, an advantage that will not last. I get that. But for now they aren’t seeing what I am and with the tens of thousands of jobs gone, the manpower to seek around is also faltering for them (which is good for me). Still I know I am on a slippery slope. There are elements that I am most likely to overlook and I do not know which ones (because if I knew, I wouldn’t be overlooking them). 

Still it is a nice weekend for now, I will see what tomorrow brings. Time is not one element one tries to anticipate, it is too tiring an exercise and you tend to overlook more and more elements, they say a stitch in time saves nine, but for the most you tend to live on borrowed time instead of enjoying life and that is a big no no in my book.

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June 23, 2023 · 20:24

This news is not news

Yup that happens as well, sometimes the news agencies are right on top of something (in this case the Canadians) and we heard it before. That doesn’t make it not news in Canada, but when the same failings happen, it becomes a little less applauding. For this we need to take a look at the BBC (at https://www.bbc.co.uk/news/world-us-canada-65969970) where we are given ‘Facebook and Instagram to restrict news access in Canada’ a setting that happened in Australia in 2021, yet here too the setting is slightly irritating. You see, News agencies USE Meta to advocate their brand, They advertise. As such we might see (see images below) choices of what news they offer. For example the Daily Mail

We get a forced login at times with a paywall (like the New York Times)

This is called advertising. So not only are they advertising on Facebook (or Meta), they now demand fees for their own advertising? How lame is that? In the defence of Canada, none of the Canadian news outlets have done this Montreal Gazette, CBC to name but a few. BBC and the Guardian do not employ those tactics either. But there are too many who do and if one is set to scrutiny, it must be demanded that these news outlets either vacate Meta completely (and do so until an agreement is reached) or they offer that news freely, which is fine by me. Yet I think that they are not on board for option two. In case of the Daily Mail you get taken to a different screen with all the advertisement that they offer, which is fair enough, especially as they do not invoke a paywall that many do. In the age of digital awareness newspapers become more trivial and less of a credible news source, which adds to the equation as I personally see it. 

So when we see another imploding gas tank in a field with someone humming the music of Titanic (by James Horner) consider that this is soon to become the quality news we can expect from some sources. 

The article also gives us ““A legislative framework that compels us to pay for links or content that we do not post, and which are not the reason the vast majority of people use our platforms, is neither sustainable nor workable,” a Meta spokesperson told Reuters.” A stage which I have to agree with, it is not what some Canadian news outlets were hoping for, but that is what it is, and it bites in several cases, but the stage was never workable and that is the truth of the matter. We see journalists (and wannabe’s) being fired left right and center, yet the message is not that they did the wrong thing, their bosses leached on a digital platform they never properly understood and the money went nowhere and definitely not into their pockets. Some people will wonder what now. I think just like the Yellow pages lost their appeal plenty of others are on that same boat and evolution tends to do that (I am happy is solved it in other ways). 

Will certain things happen? They all will, it is a shifting timeline and it will come to everyones doorstep. As world powers collapse (which is inevitable) the media will suddenly be confronted with a new line of demarcation and there they have no say in the matter. This is starting right now and some will chose to diversify (preferably before they fire their journalists) and new grounds will open to those who can see the new fronts (and news fronts), but I give you one clear message. Those who have been screaming ‘Jamal Khashoggi’ on every turn they had are pretty much done for. A personal vision, but I feel that I am getting that one correctly.

The weekend is coming, be ready.

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June 22, 2023 · 20:45

Questioning the virginity of a reporter

Yup, I just went there (not for real though). I saw the headline and my mind pulled that internal question mark and on the first page, there it was, the name of that tool and her anti Saudi mindset Stephanie Kirchgaessner. There we are given ‘US Senate asks governor of Saudi wealth fund to testify over LIV-PGA merger’, which could be fair. It is after all (for the most) an American thing. What I wonder is why the Senate wasn’t all over this before the merger. The question beckons “Why is this on the plate of the US Senate”? There might be a very valid reasoning, but I am not seeing it at present. I reckon that with all the Karen’s, the destruction of the Florida economy by its own governor the Senate has a few other things on their minds, but OK, as I said. It could be valid. So then we get the byline “Invitation raises possibility Yasir al-Rumayyan could be questioned under oath about execution of Jamal Khashoggi”. Why?

In the first, that columnist no one gives a hoot about, was he involved with golf or the PGA? Was Yasir al-Rumayyan in any way involved with that missing columnist? Let’s not forget a real issue. Jamal Khashoggi is at present missing, presumed dead. There was never any bod, there was never any evidence on the things the media gives us all and essay from that UN person Calamari was as shoddy as it gets, the paper shows if anything that we are dealing with a missing person.

Was Yasir al-Rumayyan ever involved with anything, was he at any time around October 2018 in Constantinople (now known as Istanbul)?

So then we get some relevant stuff. With ““Our goal is to uncover the facts about what went into the PGA Tour’s deal with the Saudi Public Investment Fund and what the Saudi takeover means for the future of this cherished American institution and our national interest,” Blumenthal said.” I cannot disagree, but at what time were the board members of the PGA in the US Senate explaining why they sold it in the first place? Of course, one look at News outlet Golf Australia gives us “PGA Tour Commissioner Jay Monahan, Saudi Arabia’s Public Investment Fund (PIF) Governor Yasir Al-Rumayyan, and LIV Golf CEO Norman have been asked to appear at a meeting on July 11 to examine the shock merger.” Kirchgaesner hid that part in the smallest mentions lasting two small lines with the mention ‘were also invited’, can’t she ever do a proper job? The entire article is about boasting “Americans deserve to know what the structure and governance of this new entity will be” which is a laughable setting as most American do not give one hoot about Golf. I think their interest faded when David Leadbetter fell out of sight. Then we are given “While the focus of the hearing will undoubtedly be centered on golf, Rumayyan could also face questions about his role at the PIF and his relationship with the Saudi crown prince, Mohammed bin Salman, who is the chairman of the PIF”, as such this seems like another witch-hunt and unless laws were broken there is absolutely no valid reason why a person like Yasir Al-Rumayyan should sacrifice any lunch or afternoon tea to cater to some stupid witch-hunt. If they want a real witch-hunt, go after Governor DeSantis who basically ruined the Florida economy and lost them billions in jobs and revenue to boot. 

And as we look at the proposed activity, which was co signed by Ron Johnson, will we get any chance to ask questions to Ron Johnson on five simple issues like carving out a $215 million tax loophole for just three of his billionaire backers who spent over $20 million to re-elect him; A corporate tax handout that he admitted he and his wealthy donors benefitted from; blocking an investigation into one of his Big Pharma donors, then voted against lowering prescription drug costs; using taxpayer money to fly to his beachfront mansion in Florida; and a simple matter on how his net wealth doubled during his time in the Senate, it apparently was not enough for him (according to sources). Yet as was stated, Americans do deserve to know. 

It is these double standards in America which is why they are losing ground more and more. And with the anti-Arabic penmanship by Stephanie Kirchgaessner my personal message to Yasir Al-Rumayyan would be not to go there. There is nothing to gain, the Kingdom of Saudi Arabia will intentionally be mocked by the US senate (and the politically coloured press), at best it will embarrass Crown Prince Mohammed bin Salman Al Saud and at worst Yasir Al-Rumayyan will be on the receiving end of political jabs that were never on his plate anyway. Personally I get that the other two would receive invitations to explain the merger, but that is as far as I am willing to go at present. The merger of two golf entities in a day and age where a Florida governor scuttles a billion a dollar investment in Florida should be on the front view of EVERY US senator currently elected. Dousing the mouse? Not on my watch.

Enjoy the day, a mere day away from that famous day we all yearn for (Friday).

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June 20, 2023 · 23:04

One source confirms

That is where I stand. Today I got news from the Asia Times on something I have been saying for some time. Now, one source does not make it true, but the information given here and pretty much nowhere else should give people a place to start, moreover it could also be seen as the underlying problem to something a lot more dangerous. The article (at https://asiatimes.com/2023/06/eu-push-to-rip-and-replace-huawei-5g-meets-resistance/) gives us ‘EU push to rip and replace Huawei 5G meets resistance’ where we see “EU Commissioner Thierry Breton wants Germany and other European countries to stop dragging their feet and eliminate Chinese equipment from their 5G telecom networks. The European telecom industry and Huawei are pushing back.” This is the start of something I have stated for a long time, yet now we get “Deutsche Telekom quickly rejected claims that mobile networks built by China’s Huawei could be altered remotely to cause damage or steal data. In a June 16 statement to the German news site golem.de, a spokesman for the German telecom provider declared, “No [software] update can be introduced into the live system that was not fully tested for functionality and security.”” This shows the first chink in the EU armour. This is followed by “The network management systems are located in a high-security network that is completely separated from the Internet and from the company’s office communications network,” said Deutsche Telekom executive Stephan Broszio, according to press reports. “Access to this network is granted only to a few employees subject to strict security review. A remote attack by the producer firm [namely Huawei] is not possible.” In addition we get “Austria’s chief telecommunications regulator, Klaus Steinmauer, told the Austrian News Agency that he “saw no danger from Huawei,” adding, “I don’t know of a single instance” of problems” As I personally see it, EU Commissioner Thierry Breton either publishes clear evidence of these dangers, or he should move to Washington DC and become an Uber driver. You see if there is evidence fine, but for years now we see boasts and never was any evidence given. I see this as a problem and now that the US cannot foot any bills, the others are stating that the US needs to eff off (you know what I mean). I reckon it is not long until these telecom companies will demand that the EU foot the bills for hundreds of billions in hardware change, foot the bill for adjusting that hardware and foot the bill for loss due to diminished broadband capacity. In the meantime Saudi Arabia is extending its reach into Africa and the Mediterranean, after which the telecoms will get loss upon loss and handing over what margins they had to the Saudi Telecom Company (STC), because that is now merely one step away. That was given to us in April with ‘Saudi Telecom Buys Mobile Tower Unit in Europe from United Group’, which now gives them access to Bulgaria, Croatia, and Slovenia, after which the access towards Italy, Greece, Spain and the rest of the Mediterranean is all but a simple flick of a switch. 

But leave it to players like EU Commissioner Thierry Breton to ignore the obvious. On the upside, with my language skills, I would gain another job option to another company and in this day and age that matters, especially as big tech is shedding thousands of positions. 

And even as the article ends with “it would help dispel suspicions that Breton and the European Commission are simply following instructions from the US.” I reckon that until we see actual EVIDENCE of the nefarious implied deeds by Huawei, that feeling will not go away, not for a long time.

So enjoy the day whoever you telecom with, today, or tomorrow. 

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June 20, 2023 · 00:01

He said what?

The BBC (at https://www.bbc.com/news/live/world-asia-65920024) gives us ‘Blinken and Xi had ‘robust conversation’ in Beijing’ and I had to take a look, if not only to see what they mean with ‘robust conversation’, that is an expression that could go in any direction and not all of them good. The BBC hands us:

“He says he has been seeking to “disabuse” China of the notion the US is “seeking to economically contain them””, sorry this started a 5 minute intermezzo to get a hold of all the laughter I have. The US has been seeking to contain China since Huawei left Nokia and all others behind them in the 5G field, it is still going on, all whilst we have never ever been given CLEAR evidence that Huawei was doing anything negative. In that same timeline we have an Airman handing out classified information, a former president has more classified materials in his toilet than the CIA has in its archive and we have several other issues. That is before we look at Cisco and its issues (which was not intentional, I know). 

And even as several statements came from Strasbourg, the manner of speaking implies a clear American hand on the shoulder of the speaker. 

Then we get “Blinken reiterates that the US does not support Taiwan’s independence – stating it does not wish to change the status quo”,which is a harder issue. You see ‘The first agreement under the U.S.-Taiwan Initiative on 21st Century Trade was signed on June 1, 2023.’ Might be seen as a declaration towards support for its independence. And that is debatable, I get that. It seems to me that America hopes it will go good, but at the same time it is afraid to anger China too much, so I can see how this plays and this is NOT against America. It is to acknowledge that some diplomatic strains are strained as far as they can get. 

Then it is time for “Blinken says some parts of the talks were “constructive”, but adds there is “work to do” in other areas”, OK a diplomatic answer if ever there was one. But in there are missing parts and there is every chance that they are not for our eyes yet. The ties with Iran and Saudi Arabia are worrying America. The new petroleum refinery that they are building in China must be a cause for concern. You see, the refinery is large enough to hand a lot more oil to China and that is where it is most likely to go, a setting America does not find comforting. They are already losing out to a million barrels a day, but with that new refinery that reduction COULD (could being the operative word) be reduced three times over to minus 3 million barrels a day. This could collapse the American economy and create a third world nation called The United Stages of Anything. For Taiwan it is not such a good stage. I reckon that China has been dipping its toe in the water to see how America would react when Taiwan is added back to China and charges Taiwan for overdue book fees and that invoice is likely to be stellar. Now, this is not a given, but that is what I would have done (if I was Chinese). In all likelihood as the EU and the US are uniting with Ukraine against Russia, China sees an opportunity because America is too broke to stop anything and that leaves Taiwan separated, segregated and all alone. A setting China would like at present and with three optional supports for Taiwan too poor to do anything (US, EU and Japan) Taiwan might not have too many options left. I reckon that a similar conversation with Crown prince Mohammed bin Salman Al Saud took place almost a week ago. I reckon that at present China has all the answers it needs, but that is pure conjecture from my side. 

So as I see it, I wonder just how robust that conversation was, rejections by China does not make the conversation less robust, but that is about the only classification that conversation might have had overall. Am I wrong? Optionally yes, but the larger stage is catering to China, and with the ties with Saudi Arabia now stronger then anything, all whilst the ties with America are more and more dissolving leaves China in a much stronger position and as Saudi Arabia grows, so will the options for Huawei. It will not take long for the larger contracts with Egypt and Syria to start and when that happens, we get a triangle that covers part of Africa, towards Turkey all the way to India. It will not be overnight, but with the power core in Riyadh that setting would become one hell of a central chain for Huawei. And it is not a new setting, I saw this evolution come a little over three years ago. And with that infrastructure NEOM is not merely a small city, it will be a center piece of Saudi Arabia, uniting Africa to Saudi interests and they will all have that new Saudi news channel. It was a game well played and China is adhering to this not merely because it takes the wind out of the sails of America, it will diminish Europe in similar ways. Asia Times gave us in April ‘Huawei eyes Saudi Arabia as its regional hub’, I think it is only the beginning and it is a much larger partnership with China, who will have access to this and the Silk Road, which was never a secret. As such I wonder what expression they would replace ‘robust conversation’ with and very time that expression gets handed to us by the media, ask yourself. What did they mean with that? 

Another day, another step closer to next Friday.

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June 19, 2023 · 01:23

Simple clarity

That should happen, but not always. If the spectator is to be believed, clarity is not on anyones mind. So lets take a look. The article (at https://www.spectator.co.uk/article/how-saudi-arabia-bought-the-world/) gives us ‘How Saudi Arabia bought the world’, which is in part not false, but this is how the Americans wanted it. It was all about values and commodities and the more the better, that is until they went broke. Now it is all about human values, an option they never considered when they handed the reigns to Wall Street. Now America according to sources “The Treasury Department paid a record $213 billion in interest payments on the national debt in the last quarter of 2022, up $63 billion from the same period a year earlier.” $213 billion a quarter, implying that they are now paying $855 billion a year, that is the price of uncontrolled debt. I gave warning over the last several years, yet everyone was calling me crazy, stupid and a whole range of names. Well now the opposite is coming true. Others are now in charge. First Anthony Blinken (aka Blinky Tony) went to Saudi Arabia, now he is trying to convince China on miscommunications. A good trick if he pulls it off, especially after all the anti-China rhetoric. But this is about the Spectator, who gave us the cool image below.

There we see “Sarah Leah Whitson, of Democracy for the Arab World Now, the organisation founded by Khashoggi, told me the deal makes no sense in purely economic terms. ‘It’s really important to know how much of a premium the Saudis have paid,’ she says. ‘This is a political move.’ In fact, the FT estimates the Saudis will pump $3 billion into their new purchase. That translates into astonishing rewards for individual players. Some already on the Saudi payroll are reportedly getting $200 million a year.” It actually makes sense. You see people love sports and Saudi Arabia has seen what the eyes on Dubai can achieve and now there is a start to set the eyes on Riyadh. Sports are a first. The Jetset sports like F1 and Golf are a start and more is coming. The people want their games, their sports and if you try to count on the amount of video’s on YouTube and TikTok that are about Dubai and the Dubai Mall, the number goes into the millions and they nearly all have counts that are in the triple digits or close to that. That is visibility. With the projects that are coming over the next 5-7 years these numbers are adding up. Saudi Arabia, like China have been playing the long game and now they are the winning side of visibility. It all adds up further when the KSA launches their English version of Al Jazeera, then the numbers start racking up fast. That realisation was why I tried to sell my IP to Saudi Arabia and Kingdom Holding. It is now an IP that is approaching $35 billion in value. There was a reason that I never wanted Microsoft near it, they only screw things up and the value merely goes down. I would if all goes well end up with 5% of that, more than the accumulated wealth of all my ancestors combined. Yet, this is about Saudi Arabia and it matters, you see next we get “Greg Norman, the former champion who runs LIV, has already ‘moved forward’. Asked last year about Khashoggi’s murder, the body dismembered with a bonesaw, he said: ‘Look, we’ve all made mistakes…’” this is why America is losing all options. What evidence is there? The bone-saw bit and all the other bits. The media was in a frenzy pushing speculations, but in the end there is no evidence, there is no evidence of ANY direct involvement by Crown Prince Mohammed bin Salman Al Saud. That UN essay (aka the joke of the century) was no help either, if nothing else, it merely showed how useless the UN has become. If there was evidence fine.  Yet there was none and when you consider that part. Is it any surprise that Saudi Arabia has had enough of America and the west? 

Then we get “All of this has emboldened MBS, who has been steadily creeping back into international favour since Khashoggi’s murder.” Is it because there was no murder? Was it because there was no evidence? Was it because internationally the people in charge are figuring out that siding with America is starting to be a rather large loss? In this America did this to themselves, they invented “Money talks, bullshit walks” and business America embraced that expression as gospel, the problem is that when you are broke, when you rush from debt ceiling to debt ceiling you have nothing left and when the bulk of your budget goes to the interest, you have little less to buy. It is a simple equation, and an abacus can give you that result it will not be a pretty result, but a result none the less.

Then we get to hedge funds, real estate (London) and several other places. These people go to Saudi Arabia, because Saudi Arabia is one of the few places that has the money. If the ROI (Return on Investment) is good, they are likely to take the offer. It used to be America, but you know where they are at and Japan is almost there too. Consider the wealthiest nation in Europe (Monaco) How many projects did Monaco fund in Europe? Look at that list and see where their money is going, when you figure it out you will see why Saudi Arabia is seemingly buying the world. The world is a commodity and no one else is able or willing to buy it. So hard times are ahead (especially for America and Japan) and we are all falling in the middle. It is why I selected Saudi Arabia, Kingdom Holdings and Tencent Technologies for my IP. I go where the money is and the few players that had the money in the west decided to leave billions on the floor. I don’t have that kind of time for them to wise up and consider what they were missing. It is their choice t rely on wannabe executives, it is their loss. To be honest I never expected my IP to get that high this soon, but the inclusion setting I wrote about a week ago (0.0144%) made it a lot more valuable. And that is not even close to the end. All the settings that came secondary will now have primary impact on others too, merely icing on a yummy cake. Yet in the overall setting where we see the Spectator and the other media copying and paraphrasing that part there is a nasty underside. When the Chinese-Saudi link gets firm, when silk road evolves into a next stage and when the governmental coffers in Europe and the US dry up, what will you be left with? Because that is the moment that pensions fall to zero and that, in a greying population is the nightmare scenario that is now a mere 5-10 years away. I tried to send the warnings, but everyone was so sure that this would never happen. So how many debt ceiling raises will go through next? When sports fall away, as such when advertisers go elsewhere (Google is already setting up that side road in Saudi Arabia this year) when marketing options fall flat and result is the only currency that is allowed. How many corporations will remain? How many jobs will remain? Soon it will be about skills that are bankable, billable hours and it will go to every layer of business. And that is the sad part, we enabled that road all by ourselves. There was never any other outcome there. 

So cheer up, it is about to be Monday, your favourite day of the week is now a week away. 

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June 18, 2023 · 04:15

More Crypto shit

Yup, it is all about the digital manure as some would say. This all started last night when the BBC  gave me (at https://www.bbc.co.uk/news/business-65935263) ‘Binance exits Netherlands and faces France probe’. This sounded strange because exiting one nation in the EU sounds pointless to me, so what was going on? The article gives us “It follows the announcement of the company’s departure from the Netherlands after it failed to obtain a licence from the Dutch central bank.” OK, no biggie. It was “In a statement Binance confirmed French authorities visited its offices last week and will comply accordingly. “We had an on-site visit last week by the relevant authorities. Binance, as always, was fully collaborative and we met our obligations accordingly. We continue to work closely with regulators and law enforcement agencies on all ongoing compliance requirements to uphold high standards,” a company spokesperson said.” Still, not an issue (at present) but the BBC article had me piqued, as such I started to make a search for Binance and the issues started to rise. In order of timeline, I got (at https://www.cnbc.com/2023/06/16/binance-france-chief-brushed-off-concerns-days-before-police-visit.html) an article by CNBC, where we see ‘Binance France chief brushed off concerns days before police visit’, which sounds like a nice party-line, but I am not buying it. You see “the crypto exchange’s top French executive dismissed concerns about U.S. regulatory charges affecting Binance’s other operations, comparing them with the flapping of a butterfly’s wings.” Is that so? You see yesterday’s news was not wholly interesting, yet only hours ago (at https://www.forbes.com/sites/digital-assets/2023/06/17/binance-escapes-asset-freeze-in-exchange-for-a-raft-of-restrictions/) we see ‘Binance Escapes Asset Freeze In Exchange For A Raft Of Restrictions’ with the added text “The U.S. subsidiary of cryptocurrency exchange Binance has avoided an asset freeze that would have made it impossible to do business, but it has agreed to burdensome terms to keep operating during a civil case brought by the Securities and Exchange Commission that charged the company with evading “critical regulatory oversight.”” We now have a party. So where is that Hudie flapping? If they are referring to the SEC, it is not a butterfly, but a dragonfly hungry for substance. And lets be clear, all these accusations do not make for an issue. The SEC accuses people all the time (more often than not justified), it is the combination of the Dutch, the French and the American SEC that gives light to something going on. You see, we can make assumptions and I would too. It is “Given that Changpeng Zhao and Binance have control of the platforms’ customers’ assets and have been able to commingle customer assets or divert customer assets as they please, as we have alleged, these prohibitions are essential to protecting investor assets.” That sounds familiar. It gets too close to Sam Bankman-Fried and the FTX. As such was there an issue, or was the SEC scared it had another issue potentially coming up? I cannot tell as I do not have all the numbers and data, but I was surprised that I saw in seconds hat none of the media seemed to have. Even with all the speculations, no one seems to be on that horse. I might be all wrong, but there is too much in common to ignore it. Even if it is only to follow through and find that this was NOT the case. That is what I would have done and no Fox with their wannabe dictator statements comes anywhere close to this. So what gives?

Well, the Federal case against Sam Bankman-Fried with “Federal prosecutors in New York said they would drop several criminal charges, at least for now, against disgraced crypto executive Sam Bankman-Fried if the judge agrees to try him later on those charges.” (Source: ABC) is losing momentum, as such they aren’t willing to fail twice in a row, it makes them look bad. 

Yet is that the case? It is from my point of view and I am not disagreeing with CNBC who gives us “Prinçay insisted Binance’s US assets were separated from the international exchange, an assertion also made by the exchange’s legal team. The U.S. Securities and Exchange Commission, which charged Binance last week with 13 securities charges, disagrees, arguing that Binance user funds are at “significant risk” of flight due to founder Changpeng Zhao’s alleged ownership of an interlocking set of Binance-related companies.” But there are cogs within cogs and as I do not comprehend the machine, I will give different values to some cogs of that machine. The fact that the media isn’t looking too hard gives me the idea that they do not comprehend that machine either. So is there an issue with Binance? I think there is, but I cannot tell whether anything illegal or any criminal issues are actually in play, that matters as we are nations of laws and the law sets out what is to be and what is not to be done. 

The issue becomes larger when you consider Forbes giving us “In a June 6 motion asking the federal court for the District of Columbia to freeze the American subsidiary’s funds, the SEC said it was seeking to ensure the safety of customer assets at the U.S. operations given the companies’ “years of violative conduct, disregard of the laws of the United States, evasion of regulatory oversight, and open questions about various financial transfers and the custody and control of Customer Assets.”” And this is where the party (which I mentioned) started. You see the CNBC article is less than 24 hours old and Forbes mentions events from June 6th, that means that CNBC should have been on the ball and they apparently are not. In addition we see ‘years of violative conduct’ which is a BS argument. If there were violation it becomes criminal and they should not be in business at all, if not it is posturing which goes nowhere opting a movement from Binance to seek compensation for lost business, all in all some parties are not aware what the hell is going on (including me). I understand and accept that the SEC does not do things lightly, but is that because the US is broke? Or is that because they do not have a firm grip on the Crypto laws and settings on what is valid (read: legally allowed)? Your guess is as good as mine. What mattered to me is that the Dutch Central Bank refused licences and that counts, it implies that whatever Binance is doing is not all on the up and up (my speculated view) and the French visits are supporting that. Yet the media should have ben on top of this since June 6th and some were, but the rest were not. They are too busy calling an elected president a wannabe dictator. This is what the media has come to. For whose benefit? You tell me.

I will keep a lookout on this, just as I am on that FTX Bankman-Fired person, who is now facing two court cases. So, what’s next? Well, I will snore deep into the final part of the weekend, tht’s is how I roll this weekend.

Enjoy.

 

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June 16, 2023 · 20:49

The news I never saw coming

We all have this, we see events. We see impact and we see the fallout of choices. There are no real surprises. Yet Google surprised me a little. First they dump their Google Stadia and through that shed market share, all whilst there is a stage where they also denied themself to billions in revenue. This happens, there is no blame. There are a whole range of corporations who needed to adjust their mission statement, their party line. I get that (in the 90’s not that much). So I was taken by surprise when Al Arabiya gave us (at https://english.alarabiya.net/News/saudi-arabia/2023/06/15/Google-announces-training-for-Saudi-Arabia-gamers-MENA-Gaming-Summit-in-2023) with ‘Google announces MENA Gaming Summit in 2023, training for Saudi Arabia gamers’. So first they dump their Stadia and now they start training gamers? What will they use a PS5, or the Amazon Luna? So when we see “Last year, Saudi Arabia’s Crown Prince announced a plan to develop the country’s gaming and esports industry, aiming to create 39,000 jobs and boost GDP by $13.3 billion (50 billion riyals) by 2030.” I merely go ‘meh’, they turned me down when they stood to make billions in advance, optionally I would be representing 40% of that revenue in phase 1. I admit that my solution is not much for the Esports category, as such I am not a solution, but indirectly they could be fuelling all kinds of business and the revenue adds up. Still this is not about me, it is about Google. Their training manuals are pretty sic and as such that choice makes sense, yet under what guise are they restarting a gaming initiative after dumping their console? It is not the weirdest question to ask.

And it is also there that some parts are starting to make sense. With “Gaming experts and partners from Google will run training programs for over 250 university students across Ahsa, Abha, Dammam, Jeddah, and Riyadh from September 2023 with the Ministry of Communications and Information Technology’s Centre of Digital Entrepreneurship (CODE). The program is expected to cover entrepreneurship strategies, gaming career opportunities, monetisation through Google Ads solutions such as PerformanceMax and AdMob, distribution best practices on Google’s app store Play, storage solution Cloud and video streaming platform YouTube.” It seems to me that the gaming side is merely a sidetrack. The real deal is seen with “monetisation through Google Ads solutions such as PerformanceMax and AdMob, distribution best practices on Google’s app store Play, storage solution Cloud and video streaming platform YouTube” as I see it, this is about advertisement money at ANY expense. How lovely from Google. At present we see the funny money hype through gaming as an advertisement handle. How to maximise on that, which is not the same as gaming. It is at times actually the opposite of it. 

And with “YouTube will offer a workshop at the Saudi Esports Federation’s Gamers8 conference for 50 Saudi-based creators and Esports players focusing on gaming content and channel optimisation, audience development and engagement with the gaming community on YouTube.” I reckon that before long it will become about advertisements pushing through engaging with gamers. I could be wrong, but that is how I am seeing it at present. There is one part I find deceptive, but I could be wrong. With “Saudi Arabia is home to over 22.3 million gaming enthusiasts, many of whom can be equipped to turn their passion or hobby into a full-time career.” I am wondering what the endgame is. You see, Saudi Arabia has 32.1 million people. This statement gives us that 69% of Saudi Arabia is a gamer. That is an uncanny large population. And then we get to ‘many of whom can be equipped to turn their passion or hobby into a full-time career’, I cannot say that this is false, because I have no data whatsoever giving evidence that the statement is correct or false, yet the statement that the larger setting of 69% can be equiped to be professional players implies that there is a massive need for hardware. Perhaps that is true, but it also opens up other dangers for Saudi Arabia. An average gamer and his PC sets the need for an 850 Watt power supply. Now consider that half of that, roughly 15 million will suddenly require 850 Watt for the PC and then we get the monitor and other devices. That is one hell of a power drain. The KSA would need to consider the larger need of 2 nuclear reactors commencing their building within 60 days and there is every chance that if the Google numbers are right, they will come up short long before these rectors are completed. These puppies take 5 years, they can rely on gas or oil reactors for power, but that puts whatever environmental needs they had going on the draft of failure. All that and the largest setting is not even being met. That level of gamer additions and the rest of the nation will face labour shortages, but that is merely me trying to be realistic.

So is there something? Well yes, this does not come out of someones imagination, but I have some question around the numbers and that is merely before we consider another side. You see Statista released in April “Nine out of ten adults in the UAE play video games, and 90% of respondents in a Global Consumer Survey by Statista considered themselves gamers, with 23% identifying themselves as frequent players, meaning they play at least 11 hours per week. In 2023, the UAE’s gaming market is projected to reach over 306 million USD.” As such is the reaction of the KSA regarding what the UAE is giving us and is Google merely the facilitator? I get the 90% bit, I consider myself a gamer, but that is not my professional setting (it was not possible to be a professional gamer when I was young), so they have other professions as it will be in the KSA, yet to be a professional esports person, making it your full time career requires other elements and when you consider these parts the numbers do not add up, not in the frontal version and not in the aftercare (power needs). 

In the end, we will have to wait to see what the MENA Gaming Summit in 2023 actually ends up being. We will see, it will be soon enough.

Enjoy the weekend now starting near you.

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June 14, 2023 · 01:11

There is a larger play

Something stirred in me when I saw the article (at https://www.theguardian.com/sport/blog/2023/jun/13/saudi-arabia-golf-pga-tour-public-investment-fund) called ‘Saudi golf takeover is blueprint for what they want to do everywhere else’ and I had some issues with this. You see, we might give credence to “Players who had turned down eye-moistening sums of Saudi money out of what they laughably believed was a reciprocated loyalty to the PGA Tour found out, like everyone else, when their phones started pinging”, as well as “Even most of the PGA Tour board had no idea what was happening. Does this strike you as the behaviour of a regime concerned with winning hearts and minds? The brazenness, the wall of silence, the smoke and mirrors, the decision to present this deal to the world as a fait accompli: this is all part of the performance. The projection of power matters as much as the power itself. It says to the world: we bone-sawed a journalist, we bought golf and you didn’t even know anything was happening”. And there is more when you read the article. The largest stage is not set and not given. The largest set is that the US and EU are broke. They give a nice presentation, but the largest stage is that they are broke and the sports need to survive. As such the players, the teams and the largest settings are moving house. F1 is going because the middle east is almost the only one who can play jet set with money. Football is much harder, but the players that matter are moving house. They can try to be prima donna in a saturated world, or they can be the shining star in a place where they are alone. They can spread their wings and perhaps become a little better, or create the next generation of winners. Ronaldo and Messi are examples. The NHL is losing people to the UAE and the Middle East. Pakistan is becoming a more fearsome adversary in Cricket and that list goes on. The PG is merely one example and soon the NBA will see players go to the UAE and Saudi Arabia. The middle east is becoming a sports contender and whilst we are all wondering why. Consider that these sports wanted inclusion and that is what the KSA and UAE did. Soon the KSA will have a new English news channel and I reckon about that time they will be casting sports to anyone interested in sports. A new conversation on topics we heard for decades and people will pay attention. Consider that we will get (in English) Arabic newscasts on sports and now the advertisers will take notice. These two players played the long game and the advertisers will come around. This is a given, they will go where the people are and the people want sports. It is a game that the Middle East plays well and they played it well now. The channels lost credibility, they lost teams and sports and now the harvest for the new channels will come in. Add to that the Vision 2030 by the KSA and you get to see a new stage, and in all that the interest in Islam will flourish too. The Christians who are hating everything will lose more and more. Doubt that? Look at Florida. People in Nazi outfits in front of Disney world parading? That is what remains of the US. A place no one wants anymore and the Middle East is enjoying every Karen and dopey video that graces TikTok and YouTube. The aversion against the US and EU is growing. Everyone is shouting and no one is speaking sense and the Middle East is cleaning house because of it. 

So how long until places like the UK and Australia will wonder how the Dubai White Bears are doing and what the scores are for the Emirates Hockey League this week. They will still watch their own teams, but there is a shift happening and it is happening all over the sports world. It is not merely Saudi Arabia, there are more. The Pakistan Cricket Board (PCB) is growing visibility and that is merely one of many. Until recent no one had heard of Fayik Abdi. In 2022 at Beijing Olympics he finished 44th out of 91 competitors. A man from a place where there is no snow is now in the top 50 best ski contenders in the world. Let that sink in. He beat a whole range of people who get to practice it every day, they are from places where there is snow most of the year and a Saudi surpassed them. Our view of the Middle East is off by a lot and we have been lied to by the church since 1094. We are set in a view that no longer applies. The Middle East can ad is becoming more and more a contender in sports we never considered was a threat to anyone from our local stages. Art Schenk (NL), Andrew Symonds (AUS), Lucas Braathen (NO) will soon see new contenders for top spots. Sports fans will cheer Fayik Abdi (KSA), Babar Azam (PAK) and Juma Al Dhaheri (UAE) that too is the consequence of inclusion. And the sooner we learn that anyone can play sports, the sooner you learn that these steps we see now are a natural next step in sports. We might focus on the money, but that is merely a sidestep. How much attention did the PGA get? Who now could afford to play golf? The media focusses on on every scandal it can, because scandals are emotion and emotions relate to clicks. So how many non-scandal related sports stories have you seen in the last week? When was it about the joy of a sport? Who remembers what the BBC reporter Andrew Jennings brought to light? 

Sports is not merely in turmoil, the fans are seeking a way to actually enjoy sports, something they get less and less of. And all the providers are charging for the ‘honour’. As I see it the Middle East has a larger advantage coming their way. But that is merely my point of view.

Enjoy today.

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