Category Archives: Media

iRan is not an Apple product

There is a larger setting in the world (predominantly the middle east). We are given by the BBC (at https://www.bbc.com/news/articles/ce3yqzx72zno) ‘Iran’s supreme leader says enemies will receive ‘crushing response’’. I left it to the left at first (three days ago) for the reason that the entire Iran debacle is like hauling water to the sea. Where the text starts with “The US and Israel “will definitely receive a crushing response”, Iran’s supreme leader has said, following an Israeli attack on Iran a week ago.” It sounds nice, but Iran is limited to deliver attacks through terrorist fractions. It is too scared to attack directly. In the beginning it was about deniability, but that is gone now and Iran is on the verge of be labelled “a terrorist nation” by pretty much all nations. And it is scared of that as such it is trying to kiss up to Antonio Guterres. Yet Israel decided on October 13th “Israeli Foreign Minister Israel Katz reinforced on Sunday his decision to declare U.N. Secretary-General Antonio Guterres persona non grata over what he described as a failure to condemn Iran’s missile attack and antisemitic and anti-Israel conduct.” There are other nations thinking that Guterres has outlived its usefulness as a UN tool (I speculate that Ukraine is one of them). So when we see the BBC give us “The threat comes as Iran assesses whether and how to respond to Israel’s attack last month, that Iran said killed four soldiers, which was in retaliation for an Iranian missile attack against Israel earlier in October.” There is only so much Iran can get away with and whilst the US is begging to leave the oil fields alone (they get a slice of that revenue I reckon). Iran is now losing whatever options they had. As I see it Robert F. Worth said it best “‘The Iranian Period Is Finished’. Hezbollah’s losses have led some in Lebanon to imagine a future without it.” You see Hamas might seen shelter behind civilian bodies there, but Hezbollah is merely a small part of the 5.5 million population and Israel has had enough. 

Now that U.N. Secretary-General Antonio Guterres has been called a persona non grata, the options for the UN will diminish a lot more and Hezbollah has none left. Their only option is for Iran to engage in a full scale war and Iran is hesitant to do so. With the attacks on Saudi Arabia (via Houthi proxy) they only stand the smallest of chances if other Arabian nations support them and those nations are not willing to do that (as I personally see it). And the issue continues (and worsens). The BBC also reported “Iran’s so-called “axis of resistance” is an alliance of Tehran-backed groups that include Hamas in Gaza, Hezbollah in Lebanon, the Houthis in Yemen, and well-armed groups in Iraq and Syria. Most have been designated as terrorist entities by some Western states.” Let me be clear, they merely voiced the words of Iran and there is the problem. Do you think that the BBC would have given Germany the ‘respect’ by calling it the third kingdom? (1933 – 1945) And the larger option becomes that ‘their’ axis of resistance is in shambles. The Hamas terrorists are hiding behind the population they claim to protect. Hezbollah terrorists are relying on exploding pagers and the rest of Hezbollah has no clue what to do and Houthi terrorists are in a dangerous position. Lloyds reported yesterday “Houthis’ reported to be earning an estimated $180m a month from illegal safe-transit fees paid by unnamed shipping agents to secure safe passage through the Red Sea” as well as a report from ynet news that ‘Houthis turn to social media to raise funds for war’, this tells me that they are now cash strapped and here the UN is close to useless. They might talk a nice talk but it seems to be finally falling on deaf ears. In the meantime a report a mere 15 hours ago gives us that Houthi forces are trying to align themselves with Al-Qaeda forces. This happened whilst one source gives us “the two terrorist groups agreed to put aside their differences and focus on weakening the Yemeni government” the beginning of all kinds of escalations. And that is the setting for Iran, or as the American voices state “Become Al-Qaeda’s bitch or fall alone”, I cannot vouch for that, but Iran depended on deniability and now that this is gone Iran faces the reality of going to war. So how long until that goes wrong? In all these settings the United Nations might be out of options as well (until a new CEO is elected). You see on October 24th we got to hear “UN Secretary-General António Guterres reiterated in a meeting with Russian President Vladimir Putin on Thursday that his country’s on-going invasion of Ukraine violates the United Nations Charter and international law.” ‘Reiterated’? This has been going on for 10 years and now we see ‘reiterated’? I reckon that the insertion of North Korean troops is making this a larger stage. Basically it is now a world war. You see, there is no real definition, one that aligns with todays setting of “In order to qualify as a world war, at least one of three criteria must be met: the conflict takes place between multiple nations across the globe, battles are fought in many different locations, and the war must be fought against great powers with significantly advanced technology.” It now involves Russia, Ukraine and North Korea. At this point I believe that the setting of a World War is reached. You see one criteria was met and this reflects back unto Iran too. Because in this setting, Iran might be getting cozy with Russia, but Russia has its own brand of troubles and that is setting the grind in another direction. As such Iran loses whatever friends they thought they had. As such we are given “Saudi Arabia, Jordan and United Arab Emirates unite against Iran, with support from the United States.” A statement that is presumptuous, but lacks clear evidence (as I see it). It is likely to be true, but I have not seen that evidence. And in this setting Iran has two options, the first is to engage is all out war, the other is to drop the terrorist organisations Hezbollah and Houthi, leaving them to fend for themselves. 

I could be wrong but this is as I see it the political chessboard where we have three players. I would personally see a different stage where the board is used with the chess pieces of Chinese chess. It would be a decent challenge to get any player to actually win whilst the other two are hacking on the pieces and that applies to all sides in this equation. If we get a ‘dopey to dollars’ equation I reckon that Israel has a lead because Iran is about to lose two thirds of its ‘axis’ and that results in less pieces to move around and more exposure of its own pieces. And the number one weakness for Iran is that they cannot move their oil fields or oil infrastructure. That is the bottleneck for Iran, and they have less and less options for securing that financial option.

As I personally see it Iran is about to become ‘I ran’ and they now have no place to run to.  

Have a great day.

Leave a comment

Filed under Finance, Law, Media, Military, Politics

Its not just bread

We all relish bread. It is not always clearly on the front of our brains. But the one thing that keeps hunger at bay in every day of life is a piece of bread. The Khaleej Times gives us (at https://www.khaleejtimes.com/world/mena/uae-helps-gaza-bakeries-make-bread-again-amid-hunger-crisis) ‘UAE helps Gaza bakeries make bread again amid hunger crisis’ that the UAE has made clear moves to deal with this. 

Oh, and as far as I can see pretty much none of the others have done so. Can anyone show me clear evidence that the UNRWA has done the same to any degree? I do not see any of this information. Perhaps over the last 74 years that they were in some kind of office in Palestine whilst this oversight happened? The UNRWA gives us “Provide direct relief and works programmes for Palestinian refugees”, as such is bread not an essential initial need? Now we see “The UAE has started an initiative to help Gaza make bread again amid critical shortage due to the ongoing war. Countless of Palestinians have been surviving on bread as food supplies run out — but even bread is not always easy to find. Chaotic scenes have been unfolding at bakeries as crowds of hungry Gazan, young and old, scramble for a loaf.” As well as “As part of the drive, essential production supplies — including flour and other materials — have been provided so that bakeries could open again amid a worsening hunger crisis triggered by border closures and restrictions on food aid.

It beckons the thought, did the UNRWA get anything done? No matter how ‘political’ the UN has become. The fact that the United Arab Emirates clearly shows the world that the UNRWA as well as the UN itself has become nothing less than a joke. We are given (in other media) “The UN system’s total revenue grew to US$ 74.3 billion in 2022 – an increase of US$ 8.4 billion, or 12.8%, compared to 2021. One of the entities with the highest absolute revenue growth is the World Food Programme (WFP)” an increase of $8.4 billion (not all WFP) is shown and how much went to the UNRWA? It is the Khaleej Times that gives us (see above) “As part of the drive, essential production supplies — including flour and other materials — have been provided” as such I wonder what that Russian Tool (António Guterres) is doing. He was ‘elected’ into office in 2017. As such he’s had plenty of time to seemingly do something. 

Only one day earlier we saw ‘UAE dispatches 12 trucks with urgent relief for 30,000 Palestinians’ with the underlying “So far, the country has provided more than 40,000 tonnes of urgent aid and it will continue its work to ensure the “immediate, safe, unhindered, and sustainable delivery of aid on a wide scale, through all possible means”” with that we see a first clear sign of evidence that the United Nations has a lot of explaining to do. 12 trucks is a clear start of doing just that. Whilst the United Nations is ‘discussing’ how to best go about it, the teams of Sultan Mohammed Al Shamsi is getting it done. I believe that the west, which is so stellar about the United Nations might reconsider who they think needs to be heading this disaster loaded organisation. 

That is my overly simplistic sense of this setting.

Have a great Monday.

Leave a comment

Filed under Finance, Media, Politics

Strangled by greed

I saw an article in the BBC last week, I took notice as it collided with something else I saw, but I could no longer find it. The article (at https://www.bbc.com/news/articles/cj6er83ene6o) gives us ‘Hollywood’s big boom has gone bust’ It is here where we see “The actor and aerial cinematographer turned his hobby of flying drones into a profitable business in 2012 just as the streaming wars were taking off. For a decade, he was flying high above film sets, creating sleek aerial shots for movies and TV shows on Netflix, Amazon and Disney. Now he’s on the verge of becoming homeless – again. He was evicted from the Huntington Beach home he shared with his wife and two young children and now is being booted from the Las Vegas apartment they moved to because they could no longer afford to live in Southern California.” As I see it, it is a much simpler equation, even as we are given “the good times ground to a halt in May 2023, when Hollywood’s writers went on strike. The strikes lasted multiple months and marked the first time since the 1960s that both writers and actors joined forces – effectively shutting down Hollywood production.” You see, some people are blaming the strike, but the strike wasn’t the reason it is a interaction drive between cinematic analysts and greed driven studio bosses. Even as we see “with layoffs at many studios – most recently at Paramount. It had a second round of layoffs this week, as the storied movie company moves to cut 15% of its workforce ahead of a merger with the production company Skydance.” And none of it is the actual reason. Hollywood has decided to rely on mediocrity and the attached collection of yes nodders towards some numbers of utterly unreliability (as I personally see it). Lets take a step back to 1966, a new youngling in Hollywood came with an idea a science fiction tainted wild western called Star Trek. Lucille Ball from Desilu Productions was one of the driving forces on pushing the success of Star Trek. In the mean time the series is the longest and most successful series in history pushing 11 spin offs and 13 movies. At the end, the cancellation of Star Trek was proclaimed In 2011 “the ranked number four on the TV Guide Network special, 25 Biggest TV Blunders” and still Hollywood will not learn. Now we see other issues in 2005 a series named Threshold was created, it lasted for one season.

The TV series was really good (my personal view) and the actors including Carla Gugino, the youthful young sprout who played the ex of Dwayne Johnson in San Andreas, Brent Spiner who played the mad scientist in Independence Day, Charles S. Dutton known for many roles, Rudy being one of them, Peter Dinklage who shined in Death at a Funeral and the game of thrones. The TV series was drenched in achieved talent, however as the TV series didn’t get the desired ratings, the series were dropped. Star Trek wasn’t enough of a lesson for Hollywood. And this wasn’t the only lesson. Defying Gravity (2009), Firefly (2002), Doll House (2009) all series dropped for the mere reason that it wasn’t bringing in the cash from day zero. As I see it Hollywood hasn’t gone bust. The audience has stopped putting their faith in Hollywood productions. An entity that doesn’t seem to comprehend Science Fiction and Fantasy is the maker of imaginary worlds? 

We see a whole range of attached reasons, but the number one reason isn’t shown. The fact that advertisements aren’t of interest to people and that is the one thing that drives players like Netflix. TV stations are fed that advertisement is the drive of all entertainment business and to some extent this is partially true. The fact that the people after 50 years still look forward to some form of Star Trek is because it is a more surreal form of escapism and that image isn’t clear to Hollywood. I see it as a reason why Canada and Australia are growing players in this field. In Hollywood every dollar needs to be spend at least twice to become valid and all that time writers are massively underpaid. I see it as the number one reason why we will soon see an overshadowing of Hollywood by Dubai Media and the MBC group. And that is before Hollywood figures out that the people demand continuation of the story. The number one issue around Threshold, Defying Gravity, Firefly and Doll House. The are regarded as not ‘profitable’ but they are represented by millions of watchers who wonder what comes next and too many of these disappointments of cancelations are getting to them and now they look at places where there is continuation. 

My initial view is that someone needs to take a hard look at how ratings are measured, because I think that is the core of the issue. I refuse to believe that some cancelations are valid. Consider the series Lucifer, it was booted at season 3, taken over by Netflix who did 3 seasons more. Now we see “In 2021, Lucifer was the most-streamed original series in the U.S., with 18.34 billion minutes viewed”, so how is that not a success and it makes us wonder what drove the cancelation by Fox? The stream data contradicts the Fox statement that is was a “ratings-based decision”. I think that this is happening too much and as such I have doubts that there is a issue with how ratings are ‘found’ and those in that area together with some analysts are setting the stage for whatever they think that matters, but that is merely my view on the matter.

I see it that greed driven decisions by some are strangling others from fulfilling their view. Avatar (2009) made $2,923,706,026 and I get that, but is it better than Oppenheimer (2023) $975,594,978? As I see it Wall Street wannabe’s are tainting the field of artistic achievements and I get that revenue is part of the equation, but Hollywood was the place of dreams, it has now become a nightmare for many players. Why is that? 

Enjoy the weekend.

Leave a comment

Filed under Finance, Media

A day of flags

Something crossed my path and it puzzled me for a moment. An article passed me by on the Khaleej Times and for a moment I was stumped. The article (at https://www.khaleejtimes.com/uae/uae-sheikh-mohammed-calls-on-all-institutions-to-raise-flag-at-11am-on-november-1) gave me ‘Sheikh Mohammed calls on all institutions to raise flag at 11am on November 1’ where we see “As UAE celebrates Flag Day, the Dubai Ruler has called on all ministries and institutions to raise the flag at the same time, 11am on November 1.” So, what stumped me? The reason for it is quite natural. I however grew up in the Netherlands and there flag day is on June 22nd when the herring season starts. It amounts to a national herring eating day. For the Dutch it is a delicacy.

And with that in mind my first reaction was “The UAE doesn’t have herring” which for a (previous) Dutchman seems quite naturally. The setting or flag day is a national day in many countries and the UAE has plenty to be proud of. In Sweden it is celebrated on June 6th. That day in 1905 Sweden dissolved the union it had with Norway. On that day the Swedish flag became a reality.

In France it is celebrated on July 14th. This is due to the storming on the Bastille on July 14th 1789 which marked the beginning of the French Revolution. In the United Kingdom it has multiple meanings. 

As I see it, it differs per nation and they all have their own reasons. As such it seems to be an event of jubilee and tomorrow it is the United Arab Emirates that have reason to celebrate. We also get “The leader also invited “all sons of the nation to participate in this occasion.” Flag Day is an expression of love for the nation, loyalty to the flag, and “our renewed determination to keep the flag of our union flying high, expressing the pride, glory and dignity of the United Arab Emirates,”” Ever nation has reasons and the UAE also has its reason, proudly dipped in pride for its nation. Some might think ‘So what?’ But they would be missing the point. You see whether you are born there or it becomes your new nationality because you decided that the UAE is your new home. We should all have pride in the nation we embraced and celebrate the flag day we chose. As a simple question. Do you now the day of your flag day? As I see it, it doesn’t matter if you were born there. When you embrace your new grounds I believe that you should embrace the flag and your new national anthem. It doesn’t stop you from becoming a global citizen, but any global citizen is derived from a national sense of pride. That is perhaps debatable, but I believe that to be true. 

Have a lovely day.

Leave a comment

Filed under Media, Politics

The greed driven protocols

There is a setting that I had forgotten about and I was reminded of this by the BBC (at https://www.bbc.com/news/articles/c4gzp7y8e7vo) in here we see the headline ‘JP Morgan sues customers over viral TikTok cheque fraud’. To help you with this setting I take you back to 1981. I was in the draught army (pun intended) and like any teenager on a short budget I sometimes ran out of budget in week 3. Now when you had a postal account there was a nice trick. You had a postal cheque which could be cashed in for $500, no questions asked. Now this goes against your balance no matter how slim it was, as such you always had access to $500. As such in times in the last week you cashed it in without having a good balance and you started the month with minus something and then the wage came in setting you in the plus. Is you plan it nicely you could spread that minus over two months setting you in the clear. It wasn’t a great way, but when the numbers are aligned against you it was a solution. The interest was really low in those days, so it would set you back less then $2. All this happened in 1981, 43 years ago. So now we get “US banking giant JP Morgan Chase, is suing customers who allegedly took advantage of a glitch by illegally withdrawing thousands of dollars from its ATMs. The “infinite money glitch”, as it became known on TikTok, allowed the bank’s customers to write a large cheque to themselves, deposit it and then withdraw the funds before the cheque bounced.” OK, this had a little setting that people rote cheques to themselves and withdrew it before the option crashed. Then we get “Last month, the Wall Street Journal reported that JP Morgan Chase closed the loophole a few days after several videos telling people about the glitch went viral on social media.” Is it really? I used the $500 option in the Netherlands 43 years ago as such, how did the loophole get created in the first place? As I see it this is all about greed driven protocols, protocols the negate certain timestamps, and now JP Morgan is crying fowl? Yes, another pun intended. And If I can recollect this setting, so can others. Is it fraud? That is the question. You see fraud is states as “wrongful or criminal deception intended to result in financial or personal gain”. The wrongful or criminal deception is key. Were people allowed to write a check to themselves? If that is legally allowed the fraud fails. There is a financial gain, yet if these people claim that they were going to pay it back the fraud is wobbly at best. In the ned it is for a judge to decide if the case can be made. Yet even as I accepted what I did in 1981, there was never a step of personal or financial gain. I merely ‘allowed’ my account to be over-drafted for no more than a month and the maximum amount ‘borrowed’ would have been $500 for the best part of a week. As such the fraud setting becomes debatable but it hangs on the setting if a cheque can be written to ones self. 

As for the amount we are given “The amount of money kept by the defendants in the four lawsuits totalled more than $660,000, according to JP Morgan Chase’s lawyers” as such I wonder what other protocols (or better stated policies) were ‘glitched’ to make for easy money making by the banks. The fact that they are now turned against them is to some extent hilarious. The simplest setting is that you cannot write yourself a cheque for any amount. One simple rule that could have stopped JP Morgan Chase ‘losing’ money as I see it.

I might be wrong on this as I am not a banker. I asked Francesco di Medici and he agrees, but he reeled at the idea of a piece of paper supporting $660,000 so there is that too.

Have a great day.

Leave a comment

Filed under Finance, IT, Media

Laughing Out Loud

Yup this happens too and in this case it was an article that Bloomberg showed its paying customers. I am not one of them. As such I am attaching the image that made me laugh.

I saw it about 8-10 hours ago and it had me rolling with laughter. So what gives? First the setting of ‘Consider Re-entering’ as I see it Barclays and other banks are strapped for capital and bleeding a client dry (service fees and commissions) is a tell tale story towards any bank trying to make a living. There is no consideration, there is merely the trap they put themselves in 10 years ago. As for the “capitalise on the kingdom’s growing need to access capital markets” is even more hilarious. The Kingdom of Saudi Arabia has options to consider HSBC, JP Morgan, Bank of America and the 5 largest banks in China. All stronger and more able than Barclays. There is also Credit Agricole and the Citigroup. All in the top 12, Barclays stands at 18. So there is the first part. In addition I can hand you Rothschild & Co. The one bank no one mentions. It’s value was around €18.1 billion a year ago, as such I reckon it is pushing well over €20 billion at present. Barclays has nowhere near that capital or those connections. I reckon that Rothschild can access around 20% more clients than Barclays can (a casual speculation by little old me). 

So why this action?
Well it started in 2012 when we were given “Barclays is fined for manipulating the benchmark Libor interest rate in 2012, after revelations stretching back to 2005” It’s CEO C. S. Venkatakrishnan didn’t forget about that, did he? Then we get 2014 when Reuters gave us ‘Barclays sued by Saudi developer for $10 billion’, so how did that end? We got “A Saudi real estate company has sued Barclays for $10 billion (6.24 billion pounds), claiming the bank ceased pursuing lease payments due from the Saudi government on military complexes in the kingdom in order to obtain a lucrative banking license there” when we were given (source: Reuters) “The company, Jadawel International, a unit of London-based MBI International Holdings Inc., claims Barclays “hatched a fraudulent scheme” to secure the rare Saudi banking license, selling out Jadawel in the process, according to the lawsuit filed in New York state Supreme Court on Tuesday” One says potato and the other claims tomato. In the end as far as I can tell Barclays won the dismissal. It doesn’t make them innocent, but the claimant could not prove guilt (as far as I can tell). And last but not least only this year we were given that Barclay was one of the players in getting Andrea Orcel “derivatives linked to Commerzbank for the Italian lender in the weeks before Berlin sold a stake earlier this month, sources familiar with the matter said. Barclays and Bank of America subsequently helped Orcel to effectively expand UniCredit’s holding in Commerzbank to the current level of about 21 per cent, they said asking not to be named discussing the private information” now, this last bit does not seem to be illegal, but the stakes against Barclay (all over Europe) are increasingly high and now they hope that Saudi Arabia gives them a chunk of business before they are forced to hand over their bank to any of the upper 15 banks. I say good luck to them. Yes there is all kinds of banking issues I am not familiar with, but governments need to work with banks that are cleaner then clean and as such I am entertaining howls of deriving laughter if Barclay thinks they are that. The LIBOR scandal took care of that. 

And lets be clear Barclay didn’t (as far as I know) hand the statement “Mistakes were made in the past and we have sanitised our structures and people to meet the challenge that a customer the size of the Kingdom of Saudi Arabia brings”, nope, none of that. We were given “Barclay plc is considering re-entering Saudi Arabia as it looks to capitalise on the kingdom’s growing need to access capital markets”. I actually wonder if they would be allowed in the country at present. There are seemingly better viable candidates and that is before you consider Rothschild as a contender. 

I get it. I also tried to access Saudi Arabia as a partner (read: future owner) of my IP. I merely wanted 50 million, a Canadian passport and 2% of the revenue for 20 years. With my believe (a presented believe) that the idea would give them 6 billion annual and their investment to that would be 50 million (for happy old me). And this is about as decent as it gets. A mere 0.8% risk and that is at the time of the presentation. A mere trivial amount and I feel certain that this would have worked. There was one condition Microsoft was not allowed near it. Amazon would be OK, but Microsoft is a no go.

This is why I contacted Kingdom Holdings and Tencent Technology as well. They can drive the innovation I brought. As such I feel a stronger contender than Barclay ever could be (Yes, I am blowing my own horn).

So as I see it, re-entering a market when the others have seemingly had enough of you isn’t re-entering. It is running for the hills to avoid being taken over. But I am not a banking person, so what do I know.

Have a fun day.

Leave a comment

Filed under Finance, Law, Media, Politics

The telling signs

That is at times the question. What one sees is not seen by all, there is no blame or shame in this. We can’t be looking in all directions, the simplest of reasons is that life is in front of you and we tend to look at life (for most of the time). As such I saw two articles pass by, well one actually (it makes sense soon enough).

The first one was the New Arab (at https://www.newarab.com/news/saudi-arabia-starts-work-huge-gold-kaaba-style-structure) handing us ‘Saudi Arabia starts work on massive gold ‘Kaaba’ style structure despite criticism’, my first setting was the word criticism. The word comes through 5 times including the title and three times it gives us “amid criticism that it resembles the Kaaba holy site in Mecca”, which is incorrect. 

The Kaaba (as the pictures show me) is not an actual cube, I could be wrong as I have never been to Mecca for I am not a Muslim. The second setting is that the dimensions are off by a mile. This building will be 400 by 400 by 400 meters. I will hazard a guess that this structure could be seen from space, one of the few. The other part is that this would be a monumental achievement. As for the critique from social media, I let that be. I didn’t look into it and I reckon it will serve no purpose. The important setting for me (and initial worry) is seen with “The development will have retail, hospitality, leisure and office space facilities and is believed to be big enough to hold 20 Empire State Buildings in it when complete, Saudi’s Public Investment Fund (PIF) said.” You see, filling up 20 empire state building takes time and resources. That is beside the infrastructure needed. As my abacus dictates to me, that building alone would need to be fuelled and that takes at least a small nuclear reactor to do so. As I saw it there is an option if the outer walls have a second inner layer comprised of solar panels you will alleviate a lot of power requirements and even fuel more power to the city. I reckon someone looked at this at present, but it is the initial worry I see. That and getting water pumped to +400 meters. There are a few things, but the designers would have worked out these elements long before now. My mind is merely struggling with a building comprised of 64 million cubic metres. What is a fact is the massive achievements that Saudi engineers will make. A true world marvel. The previous achievement from that region was a near 5000 years ago (yes, they were the pyramids). That and the Neom structures will show the world that Saudi Arabia has made its match to anything else that was built on this planet.

I see a few other issues, but I will hold them. Not to sound stupid, but it might sound me anti-achievement and I refuse to be one of those negative people. 

I wonder how spacious it will be on the inside. You see we think in (mostly) western dimensions and from the last 10 years we have seen buildings with a different approach. As such are all floors 18 feet high? There is a lot not known and I to some extent fear knowing to much in advance, but I am still curious. The other thing I wonder about is the impact it will have. Not impact as a social need, but the houses around the Mukaab. Depending on the position of their house, the Mukaab could now shield it from the blazing sun for at least part of the day. I wonder what will happen to these places. For now, we will watch (in awe) and see over the next 5 years how that building comes together.  The other article comes later today.

Have a fun day

Leave a comment

Filed under Finance, Media

The tightening belt

What I foresaw is now coming to pass in more than one way. ECNS China gives us ‘Saudi Arabia aims to attract up to 5 million Chinese tourists by 2030’ there was always a shift coming and as we see it, Saudi Arabia becomes more and more driven to see what the Chinese markets can deliver. We saw this last week in the Saudi Tourism Festival held in Beijing on Oct 17, 2024. We are given “Saudi Minister of Tourism and Chairman of the Saudi Tourism Authority Ahmed Al-Khateeb said that Saudi Arabia is China-ready and welcomes all Chinese travellers with increased connectivity, customised products and strategic partnerships.” Now some of you will respond with ‘so what?’ And that might be fair in one way. But this number represents a much larger issue. As I see it, one third is goal driven tourism. People will decide on Saudi Arabia as a destination for a job, or as a cheap tourism destination. Two third will go as tourist with optional goals, but these three million tourists will go to Saudi Arabia and not to their ‘normal’ destinations. That will show in diminished numbers all over Europe (France, England, Spain and Italy) and America. These people will also attract optional tourists who will change their initial destination. The other 2 million will optionally retrench their optional ‘cheap labor’ destination from Australia and places like the Netherlands, Belgium and the nordic countries. You will think that it does not matter, but consider all these coffee places that ‘allowed’ for these people, optionally in other areas too. They will come short of their usual numbers. These tourists also spend all they earn in that country. As such there will be a shift, an initial shift that seems small but could grow over time. These 5 million will spend their money somewhere else (in Saudi Arabia) and that facilitates to more, it always does. You might not think much of this, but the Saudi job market is booming. There are (allegedly) at present a little over 10,000 jobs outstanding. A fair deal are out reach of a lot of them, but consider this job “Digital Marketing Specialist. Average Salary: SAR 9,500-35,000 per month” and consider that they have the Beijing University of Technology and over a dozen more universities where these young crackers would like to see options in their first 2 years. They have just graduated University, they have spend almost every waking hour working on digital solutions like TikTok, broadcast experience and on the other hand we see places like Huawei making waves in Saudi Arabia and the UAE. These two places will see an increase of Chinese workers with an option to fulfil their dream a lot faster, so yes, Saudi Arabia will become a swing location for these people. All options that are shutting doors on Europe, Australia and America. 

We are also given “the country is preparing to launch its winter season tourism attractions, which will provide a range of experiences filled with entertainment, luxury, adventure and natural beauty, running from October to May
Now consider that Oxagon, Trojena, Magna and Sindalah now suddenly will have a grasp of a thousand more affordable workers, bringing both a digitally active workforce as well as language skills to their regions. Yes, the cheaper groups will also infuse the wealth group from China to their shores because these people will encounter others with their language skills. As such the people who depend on these rich tourists will endure a lessened impact as they will all want to go to the newest places in Saudi Arabia. I reckon that in the 5,000,000 people will be at least 500,000 people who are beyond well-off and they will go to Saudi Arabia in the space of 2026-2028 (at least) and that is a kick to the heads of economy in the aforementioned countries. The top 1% of wealthy Chinese who are making over $80,000 are expected to spend that money in Saudi Arabia. And I am referring to the people who would have spend their cash in London, Paris and Orlando. Merely these three places will see a drop of income in the next few years. So how much more is needed? You might think that the small setting of “France is the most visited country within Europe, attracting an impressive 81,411,000 foreign sightseers each year”, but that would not be entirely correct. It includes all nations, including Europeans and a bunch of them will be attracted to Saudi luxury as well and consider that 1% is still 814,110, even if they merely lose 1%, that amounts to quite the drain on revenue and that is in part already heading towards Saudi Arabia. Already we are seeing messages on Free tourist visas, the one element that partially blocks choices is in the process of being removed. And all this is piling up against Europe and America. All whilst we were given ‘Tourism trips by residents of EU in 2023 up close to 6% y/y’ we ignore the drop that a mere 1% drop wouldn’t be much, but these tourists have beckoned billions in investments all over Europe and now I expect to see the Chinese drop as well as the ‘local’ tourists now dialling Saudi Arabia for their upcoming destination. Add to that whatever business bookings we see and you know these sales types, how they like to be known to go to new and luxurious destinations, the punch packing trips all over Saudi Arabia will be handing several body blows to Europe (America as well). We might merely see that the effort is on 5,000,000 Chinese tourists. But the overall impact will be a lot higher. That is the one part that everyone forgets about. The overly large population of tourists can only spend their money once or perhaps twice a year and the appeal of Saudi Arabia is overwhelming with at least three locations appealing to a lot of tourists. Add to this Riyadh and the impact of Saudi tourism will be felt in most of the tourist places of Europe and America. I reckon that if Disney and Universal sets a theme park in these places the damage will be near complete. Not a mere 2-3 years. But an impact over the next decade at least. Whatever we think of these parks in Orlando, they are overpacked and soon there will be an alternative of the same making. We see (at present) “With over 58 million annual tourist visits, Disney World averages approximately 159,000 visitors per day across all its parks” as well as “In 2023, 10 million tourists visited Islands of Adventure, a decrease of 9%” and consider that these two places could lose close to 15% more, people that have had enough of these massive queues and they want an alternative. Well Warner Brothers is already seeing an increasing populous enjoying Abu Dhabi and I reckon that these are all people contemplating Saudi Arabia as an optional destination.

Tourist destinations in Europe and America will see the need to tighten their belts. And this is not new. I floated the idea on September 27th 2023 in ‘As the belt tightens’ (at https://lawlordtobe.com/2023/09/27/as-the-belt-tightens/) so this is not news to me. I saw it coming a mile away (well, actually a year ago), and that is all before the glamour of Vision 2030 hits the tourists on the retina. I think I made my case 2 times over and the impact should be seen all over Europe in the time 2026-2028, after that? That depends how Saudi Arabia plays it cards. I made one other prediction (presumption) on what would be needed and that could put Europe and America in a bind, they either invest and make ready for 2025 or they might lose a lot more.

Have a great day and contemplate the view from the Aedas ski resort. Can America match that view? Now consider that Saudi Arabia could simultaneous hit 5-10 tourist attractions at the same time in 2026.

Leave a comment

Filed under Finance, IT, Media, Tourism

What is the real deal?

That is the question I have. I am not saying that I have ‘evidence’ but you can judge the information I will hand you now. Early yesterday morning I stumbled upon ‘Saudi Arabia ‘comfortable’ venue for talks to end Ukraine war: Vladimir Putin’ where we are given (at https://www.thehindu.com/news/international/saudi-arabia-comfortable-venue-for-talks-to-end-ukraine-war-vladimir-putin/article68773948.ece) “Saudi Arabia will be a ‘comfortable’ venue for talks to resolve the Ukrainian crisis, said Russian President Vladimir Putin on the sidelines of the BRICS summit on Saturday (October 19, 2024).” With the ‘supporting’ text ““I repeat once again: we are ready to return. We didn’t interrupt the negotiations. I want to remind you: it was the Ukrainian side that said that it would not continue negotiations with Russia. First. Second. A decree of the President of Ukraine has been issued prohibiting negotiations with us,” said President Putin accusing Ukraine of preventing a solution from emerging.” To be honest, I do not put much faith in the words of Vladimir Putin, as I see it, he is nothing more than a mass murderer of Women, children, aid workers and more. The bombing of the Ukraine might be one of the most disgusting acts against a people since long before the Crusades. An act that makes the acts of Genghis Khan sound like a simple sniffle. 

Then we get the Kyiv Independent (at https://kyivindependent.com/general-staff-russia-has-lost-672-850-troops-since-feb-24-2022/) handing us ‘General Staff: Russia has lost 672,850 troops since Feb. 24, 2022’, we knew that the Russians were losing a lot of people and we see this below

Apart from the 678,520 soldiers who went the way of the dodo, they also lost 26987 vehicles, 9047 tanks, 369 aircrafts, 329 helicopters, 17,050 drones and a submarine and a few other items. Beside this Russia seems to be toting North Korean hardware and troops. The once mighty Russia is now relying on North Korean troops and weapons. As I personally see it Russia is on the threshold of defeat. The once mighty country that had the west shaking in its boots is now relying on a nation Russia once looked down on is sending troops and hardware. Yes, President Putin is looking for a comfortable place to talk about any solution that sees Russia in an alternative route towards non-defeat. The latter part is not really an option, but he might want to keep the hope up. I personally see that there is another side. China sees the war as a hindrance and they like Saudi Arabia as a winner in any political solution at present. But that is merely my view on the matter. 

Russia needs a scapegoat in all matters and as President Putin made sure all his adversaries have  committed suicide out of windows. He is now left massively out of options and the Saudi setting is now his (presumably) only way out. At this point he might get away with a working military in about a decade as it will take time to replenish 9000 tanks, 369 aircrafts, 329 helicopters and a submarine, preferably in a 21st century setting. As such the Russian steel mills will need to be repurposed and it can afford nothing more until at least 2030. And that is all presuming that Russia wants a working solution at this point, it will cost them dearly as well as the Russian ‘blemish’ that they lost to a global army in 20th position, that is the defeat and larger political loss they face. With the setting in Saudi Arabia he could possibly avert an expulsion from BRICS. At present China and India are considering the gains they make on the global stage if Russia becomes isolated. China gains defence contracts all over the world, India will get several boons all over the commercial field and that is the premise that Russia is now looking at. 

As such the Saudi premise works for Russia, but only if they play nice. Any act that is seen negatively by the Ukraine will be taken harshly and if the Ukraine walks out of these talks Russia’s goose will be cooked, peppered and marinated. As such I have the question. What is the real deal here? I have faith that Saudi Arabia sees this as an opportunity, as does China. But in this instance it depends on what game President Putin will be playing. Not only does he know that he is with his back to the wall, will he embrace the small options of a massively greater loss is heading his way? I cannot tell, because that requires an insight of a mass murdering mind I do not have.

Have a great day wherever you are.

Leave a comment

Filed under Finance, Media, Military, Politics

Kettle, pot and colouring

Yup, that is the setting for today. I saw the news yesterday or the day before and it angered me. The article (at https://cpj.org/2024/10/saudi-arabia-sentences-cartoonist-mohammed-al-ghamdi-to-23-years/) from the CPJ (committee to protect journalists) is as misguided as it is hypocritical. In the first instance I do not know Mohammed al-Ghamdi, I never saw his cartoons or red anything from him. As far as I am concerned as long as the CPJ does not hold its western journalists and editors up to any kind of standard, it needs to shut up. Yesterday I touched on the Politico article regarding Prince Khalid bin Bandar al Saud and it opened up some issues for me. There is more, the media neglects the interesting ‘good’ Saudi Arabia does and trivialises the harm that Saudi Arabia gets from Houthi terrorists. As such I say that the CPJ needs to shut up.

We are given that “a Saudi cartoonist for the Qatar-based Lusail newspaper, who was sentenced on an undisclosed date in 2024 to 23 years in prison on charges that his cartoons were sympathetic to Qatar and insulted the Saudi government” Saudi Arabia has laws, they might not be the laws the west heralds, but this is a Saudi event. I might not agree, but if I am in Saudi Arabia I would have to adhere to Saudi Laws and there is the chance that my articles fall in bad waters with Saudi Arabia. I do not know as I am not privy to those laws. As far as I know I never known and intentionally insulted anyone in the Saudi government (I might be wrong in this).

Countries have laws, the west (Commonwealth and Europe) for the most on the issue of freedom of speech and as such I tend to use that freedom of speech, yet in that instance I try to maintain a civil tongue. And when Charlie Hedbo was killed, I also supported France, I stood at a vigil in Sydney. I was not aware to the stage that drove someone to kill Charlie Hedbo, but I was in agreement that we had to protest this because Charlie Hedbo was not anti-Muslim. He drew on several occasions images that would have offended the church (the Vatican), as such he was equally ‘diplomatic’ on all faiths. 

Yet this is not about Charlie Hedbo, this is about the double standard the CPJ uses and until they hold western media to a serious level of account, they need to put up or shut up. 

This is pretty much it. I did not check some of the claims made and I am not saying these claims weren’t true. We get “It is time to break this longstanding pattern of imprisoning journalists. Saudi authorities must release al-Ghamdi and drop all charges against him” and I am not opposing this, but I find it interesting that numbers and reasons for imprisonment aren’t given. It this is about less then 5 journalists, it seems a trivial matter (compared to Turkey and a few other places). And lets not forget these Saudi Laws are all documented and as such these ‘journalists’ (optionally a mere one cartoonist) might have decided to leave the country, was that done? 

The CPJ gives us that 50 Journalists were killed in Israel and the Occupied Palestinian Territory in 2024. So, where is the stink on these 50 journalists? Oh, and why is it “Israel and the Occupied Palestinian Territory” and why do we not see the segregation between “West Bank and the Gaza Strip” and “Israel”? It was a simple setting, but the CPJ seems to use a simplistic brush for that. And between 2018 and 2024 we see merely one seemingly killed and I raised plenty of articles between 2018 and 2024 shedding doubt on that setting. Another article gives us that 10 people were imprisoned all whilst the 2023 numbers have a top 10 (Saudi Arabia wasn’t there) and the top is China with 44 imprisoned, Russia with 22, Iran with 17, and Turkey with 13 imprisoned. Yet in all of these cases, we see an absence of reasons and there is the issue. The (western) press has in the last 10 years lost pretty much all credibility, as such a reason for imprisonment is required. I have an issue with the CPJ because a population with less credibility than a drug pusher in a school yard has several issues and I do not think the CPJ is in a position to demand any kind of charge drop until the status quo of journalists is re-established with a level of credibility that most of us find acceptable. The chase for digital dollars in the last decade pretty much diminished their right for a ‘protected’ status. 

People might not like my view on the matter, but that is my preview on the matter. Perhaps the CPJ would like to rewrite the article in something more palatable?

Have a great Saturday.

Leave a comment

Filed under Law, Media, Politics