Category Archives: Media

December 9, 2023 · 21:24

A busy day

This is not how it started. It started with an easy setting, the setting I am bout to explain. From there I got to a second station, which is the story that comes after this story and last there was a setting towards Engonos (my new TV series), in light of season 2. I came up with an additional ploy. A ploy not unlike the movie the league of extraordinary gentlemen gave us. But I am spinning it into another direction. I am actually using the setting that TV gave u in the past to create a setting towards a new spin, when people are confronted with TV series and their colloquialism is perhaps the best explanation I can give for now, but I will get back to that soon enough. The reason for telling you this is that these events happened almost at the same time, so in my head they are connected, my other brain (the wakey wakey part) hasn’t figured that out yet. Yet being the operative word.

Stage one
It started with a message on LinkedIn. A message by Simon Robinson, about who killed his reporters. The problem is that this is all emotions, lacking too many facts, as I personally see it. You see, the IDF doesn’t just casually shoot reporters with a tank, I am not willing to accept that. Yet in the same setting, I do rely on EVIDENCE. That is important to me. You see, Simon is emotional, his little bunny is dead, I get it. But the NY Post gives us “The alleged strike occurred shortly after the Israel Defense Forces (IDF) confirmed retaliatory artillery fire over the Israel-Lebanon border in response to shooting from Lebanese territory.” So was it a tank, or artillery? There is a difference, did Simon think of that? 

Al Jazeera gives us ‘Journalist killed in Lebanon was in ‘active combat zone’’ (at https://www.aljazeera.com/news/2023/12/8/israeli-army-says-journalist-killed-in-lebanon-was-in-active-combat-zone) in addition we are given “Appearing to dismiss calls for a war crime investigation into the death of a Reuters journalist and injury of six others under fire from its tanks in October, the Israeli army said on Friday that the incident is under review, but noted that the reporters had placed themselves in a “dangerous” area.”  So, Reuters got the tank part correct. But never mentioned that they were in an active combat zone, a part we never got. It was what I speculated on from the very beginning, the bunny was collateral damage. If you take offence, that is fine. I get it. But lets be clear, the press has no credibility left and partial news to give the line “who hit him, who killed him” is a bloody joke. There is a cost to being in an active combat zone. The question becomes did Issam Abdallah know that he was in an active combat zone? I do not know, and I am not speculating. The part problem is that the press has no credibility left and they already lied to all of us. So what happened? In all this that remains the question and it is going to need several sources, sources that are independent and can be used as verifiable sources that could solve this issue.

As I said, it was a busy day. Tomorrow it is Optus to be exposed and I have something going back to 2019. Should be fun, enjoy Saturday. I have less than 3 hours left of that day.

Cheerio.

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December 6, 2023 · 02:36

Angle, Bigotry, Chauvinism

Yes, all words, these three words represent the bias of the media. And it has started some time ago. But here in this case lets take a look at Sky News (at https://news.sky.com/story/unprecedented-2-400-fuel-lobbyists-at-cop28-in-dubai-claim-campaigners-13023153). Here we are given ‘‘Unprecedented’ 2,400 fuel lobbyists at COP28 in Dubai, claim campaigners’ but that is not where the bias is. As we are given names like Amin Nasser (CEO Aramco) and Sultan Al Jaber. Yet what I find weird is that there is no names linked to Brent Crude oil, there is no mention anywhere in COP28 of anyone from Brent in this. Welcome to bias.

Then we get “At least 2,456 fuel lobbyists have been given access to the COP28 summit in Dubai” so not “more than 2,400” but an actual specific number. And it comes from the group called “Kick Big Polluters Out”,  or KBPO, which could also mean Keep Boneheaded Packs Out. You see, this is not on the oil industry, but on the media. When you consider “Many of the fossil fuel lobbyists are said to have gained access by being part of a trade organisation”. This gets us two questions. Were they all in the blue zone, or the green zone and what was the spread of these people? The second part is what countries were these 2456 people from? How many from the US? How many from Venezuela and Russia? All top-line numbers we aren’t given. So is this the angle Sky News (and others) are working with, or is this part of more? Like all the BS that places like ICIJ gives us with ‘emotional’ stories, devoid of real numbers, real groupings and clusters. The media is becoming less and less reliable. 

We see names like Shell, TotalEnergies, Equinor, BP, ExxonMobil and ENI. However, the name Brent Crude oil is absent, why is that? 

Why can’t the media do its job? Why can’t they give us CLEAR numbers. They got 2456, how did they get there? It might be right, but we aren’t given anything clear and that is the larger station. We aren’t given clarity and the media is making it worse through emotions, speculations and assumptions. How is that for media claiming to be independent, fair, balanced and proclaiming to be trustworthy.

The Guardian also gives us “Al Jaber is also the chief executive of the United Arab Emirates’ state oil company, Adnoc, which many observers see as a serious conflict of interest”, yet no one is asking serious questions from the media and that is the larger failing. I have shown their failures for over two years and things are (as I personally see it) getting worse. It is all about the emotion and the digital dollar, in that process clear reporting seems to be going out the window. 

I wonder if we bulk all the reporting together, will we see anything clearly reported, or should we ask people from Monash University who sees to be there too? I will let you decide, but consider all the things we aren’t being told.

I have arrived to the middle of the week, see you all soon at this point as well.

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December 4, 2023 · 01:09

Two makes a fourth

Yup, that didn’t make sense did it? You see, two pieces of information hit me at the same time. The first is ‘Johnny Depp advises filmmakers from Saudi Arabia to ‘go against the grain of Hollywood’’ (at https://www.thenationalnews.com/arts-culture/2023/12/02/johnny-depp-advises-filmmakers-from-saudi-arabia-to-go-against-the-grain-of-hollywood/). It is here where we are given “What I believe, in regard to the opportunities of the Saudi film industry, is to build facilities and go against the grain of everything that Hollywood is putting out,” Johny Depp makes sense. I see it differently, not against Depp, because I agree with him. The Saudi Film industry needs a different path. It is basically what drove me to design ‘How to assassinate a politician’ yet the larger station is not merely a different design, because that story is all but done (two parts are incomplete). You see at this point I am watching season 3 of NCIS: New Orleans and a thought took hold of me. It took me back to when I read Hesiod (a very long time ago) and this reflects on Season 2 of Engonos. There were two parts that required tinkering and now as a red line I saw the option to add a third line. You see, there was a reference to Tartarus that was a larger station, a side that has not been touched (read: does not exist). It reminds me of an old story that relates to the Hellraiser comic books. A salesperson is left off the hook providing he increases his tally of souls 15% annually. The demon lets him off the hook because in the end that salesperson will fail. You see in year one he only needs 1500 souls, but in the subsequent years it will be 2070, 2380, 2737, 3148, 3620. So in 5 years he will need to hand over 301 souls each month. That is 3 times the souls he needed in year one. That setting gave me the idea to take a page from these books and give them a twist. Consider the souls pushed into Tartarus, what would any soul do after one day to avoid the rest of eternity in Tartarus? 

As such Hesiod gave me the idea to take it to a new level. He ones stated “The man who does evil to another does evil to himself, and the evil counsel is most evil for him who counsels it.” So, what happens when we take someone like Major Hamilton and let him face the wrath of a damned soul from Tartarus? That was the setting I started with and now we have a new station in Engonos. When we take the greed driven and set the take against themselves. Not a bad day. One article, one setting and a whole new station opened it doors. Not a bad day at all.

Enjoy your Sunday, it’s Monday here.

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December 3, 2023 · 18:07

What makes a lobbyist?

That is a serious question, because at times I have no clue what a lobbyist is. That is the question that the CBC leaves me with. There was even more power behind the article at the Financial Times, but their paywall prevents me from mentioning them. So here we are relying on the CBC. They did nothing really wrong and the article ‘At COP28 climate summit, there’s concern oil and gas lobbyists have too much influence’ (at https://www.cbc.ca/news/climate/climate-dubai-cop28-lobbyists-canada-1.7042376) is a good read. Yet the question that follows be from the beginning which we see with “With tens of thousands in Dubai for the climate talks, environmentalists and policy experts are expressing concern over the growing presence of fossil fuel lobbyists at the meetings”. So, from the start we get the connection to a lobbyist. Which according to the dictionary means “a person who takes part in an organised attempt to influence legislators.” Yet I believe it is more then that. Another version is “a special interest group that hires a lobbying organisation to influence an elected official on a particular policy” which seems to apply better. And with COP28 (any COP actually) the need for lobbyists is clear. Yet if it was ONLY fossil fuels there would not be that much attendance. You might think that “An analysis from a coalition of advocacy groups found representatives of the fossil fuel industry have been in attendance a total of 7,200 times at the annual United Nations climate talks over the past two decades” would be enough. But how many ‘representatives’ would have been in attendance 7200 times? Lets just say that it might be a career, but I think that any lobbyist would be washed out after 100 visits, let alone 7200. So, there is a part missing and when we think COP there is EPA, there is EEA, there is also WWF, Earthjuice and a lot more and at this event they all are rushing to see if their needs are being met. The last part is given by the CBC and concerns Canada. So consider “Saskatchewan is also hosting a pavilion, at a cost of $765,000, where it will hold panels by industry leaders”, now consider that to break ‘even’ they need to see around $10 million (stand, flights, hotels and so forth). So you tell me what Saskatchewan is doing there? I honestly do not know, but they are there (hopefully) for a reason. 

The fun part is that the COP28 has a green zone and a blue zone, the blue zone is only for UNFCCC. A part that the CBC did not give us (the Financial Times had that in their article). So there are two strains of lobbyists, so who goes where? All parts that were missed be many media. Another part is that a player like Bentley systems (not the car) as well as Monash University are also there, they both have their own lobbyists, but neither gave us those goods. In a semantical mood I would state that there was an event (23 AD) where less than 0.1% was a virgin (the only virgins there were the Vestal Virgins representing Vesta, the rest were men, wives, whores and slaves and the event was at Circus Maximus on the order of Tiberius Julius Caesar Augustus. The entire setting mattered and it matters for COP28 events too. Without the entire enchilada we get a mere slice of what is going on and in that setting we see a misrepresenting of lobbyists as well as the COP28 event. You see, the people in the green zone do not get access to the blue zone (as far as I can tell) and the blue zone is where it is all at. So as such many articles do not give us the whole story (the Financial Times was more complete). All settings that matter, all settings that were (intentional or not) missed and that is where we are at. 

So what was the missions of these lobbyists and what policies were they supporting (or not) for governments? All questions that mattered, but we aren’t told that, were we?

Enjoy Sunday, I still have 8 hours to go, Vancouver is still on Saturday, lucky bastards.

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December 2, 2023 · 19:44

Two carbon based stories

Yup, we have carbon based cars, carbon based credit cards and also carbon based stories (this one). You see, two stories brought it up to the front in all this. The second story is given to us by the Guardian. It is ‘how a UAE sheikh quietly made carbon deals for forests bigger than UK’ (at https://www.theguardian.com/environment/2023/nov/30/the-new-scramble-for-africa-how-a-uae-sheikh-quietly-made-carbon-deals-for-forests-bigger-than-uk) where we are given “The rights over vast tracts of African forest are being sold offin a series of huge carbon offsetting deals that cover an area of land larger than the UK. The deals, made by a little-known member of Dubai’s ruling royal family, encompass up to 20% of the countries concerned” and the one missing part is that this concerns Sheikh Ahmed Dalmook al-Maktoum. We see here a larger impact into how business is done, how corporations and how governments do business. A simple setting, no laws broken and all on the up and up. 

You see, this relates to the entirety with the first article that we also got from the Guardian titled ‘Most sponsors of Cop28 have not signed up to UN-backed net zero targets’ (at https://www.theguardian.com/environment/2023/nov/29/most-sponsors-cop28-not-signed-up-to-un-net-zero-targets). Here we see “Most companies sponsoring the UN climate talks in Dubai are not committed to cutting their greenhouse gas emissions in line with globally recognised net zero targets, it has been revealed”. You see, the hands of the Guardian aren’t clean either. They refused (and failed) to report on the EEA report that showed that 50% of all the damage came from 147 facilities. They don’t give you that part do they? They will report on jets for rich people and whilst they hide behind their ‘walls’ they cater to who-knows-who. In addition there is the article from former NASA engineer Mark Rober (at https://www.youtube.com/watch?v=U7nJBFjKqAY) he showed how 20,000,000 trees were being planted. The article was from 2019 and so far they are at 24,513,083 trees. As such that team did more than most western governments. And they are still at it. So whilst we are pointing fingers and whilst the media is all about the blame game (more digital dollars) others are doing things, others are making it happen. Should Sheikh Ahmed Dalmook al-Maktoum decide to donate to TeamTrees ($1 per tree) we could see that the UAE has done more by itself then all the European nations (and the United Kingdom) combined. Scary isn’t it?

Another field where America and Europe fall short. A simple equation and a simple outcome. So whilst we are all wondering what all that carbon tax is all about others are actually doing something about it, but the media will not give us that snippet of news, will they?

So whilst we consider that, also consider “The global accountancy firm EY, formerly Ernst and Young, which has been hired as the independent verifier of the climate record of all the sponsors, has also not set targets with the net zero scheme.” Another target not met, another target in the wind and the media stays quiet (or something like that). 

So whilst we look at COP28 and point fingers towards some, consider that it was that this Swedish Primary School kid named Greta Thunberg showed us that COP26 was all about ‘blah blah blah’ she was proven correct and how much media coverage did they get? So whilst CNN gives us ‘US announces rule to slash powerful planet-warming gas by nearly 80%’, the part we all seem to miss is that this target is set by 2038 and we should not forget that there is every chance that at that point there will be no United States of America left. When their debts explode, no environmental target will count, no target will matter but that part will only come to the surface AFTER the collapse (and that will make sense). 

So much blah blah blah and none of them are doing anything real about it, the only ones doing things and making things happen is TeamTrees, consider that this weekend.

Cheerio.

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November 29, 2023 · 07:05

Egg timer? What egg timer?

Yes, we get that. There are egg timers that give us what we were waiting for. I stated on November 17th (12 days ago) “A complete overhaul was the only option and now with BRICS and China pushing in on the little revenue they had left, they have no options now and their competitors are moving in on whatever revenue they had left.” I said so in ‘It’s that time again’ (at https://lawlordtobe.com/2023/11/17/its-that-time-again/) Now Politico gives us ‘Brussels wants to beat the Pentagon at its own game on arms sales’ (at https://www.politico.eu/article/european-union-weapons-sales-united-states-defense/) there we see “The European Commission is hinting at a new mechanism similar to the US Foreign Military Sales to facilitate arms exports”, well that didn’t take long, did it? So when we see “In order to claw back the initiative, the European Commission is raising the prospect of copying the U.S. Foreign Military Sales (FMS) scheme” we see one thing, but I think it is more about stopping the Chinese sales system of becoming too successful. I fear it might be a little too late for that. There is every indication that China is almost ready to the defence needs of Saudi Arabia and the United Arab Emirates. Too little, too late and as I see it, a little over two years too late. I reckon they ill soon be fishing on the wrong side of the net. So whilst we are now given “In early 2024, Internal Market Commissioner Thierry Breton is expected to present a European Defence Industrial Strategy to help support the Continent’s European Defence Technological and Industrial Base (EDTIB). The consultation document is one of five papers circulated to national delegations to get their views on what the strategy should look like.” You see several reports are out there in the trend of “Riyadh eyes air defence systems and drones as part of possible yuan-based deal while Cairo plans to buy J-10C fighter jets”, so whilst the Europeans are trying to figure out “how to go about it” Saudi Arabia and Egypt are at this point getting catered to by China. As such we see that the China North Industries Group Corporation Limited (NORINCO) is actively talking to the Saudi Arabian Military Industries (SAMI), who is interested in diversifying. 

So that is billions missed, just as I predicted almost two years ago. Now that it is happening, some are ‘reporting’ all whilst whatever intension Europe has with “on what the strategy should look like”, Beijing is not merely getting its feet wet, it is catering to a new clientele and China is hungry for that revenue. So when was the last time you left billions on the floor? As I personally see it Amazon did so a year ago (but they have plenty of cash), the US government does not, it has a debt of $31,000,000,000,000 as such every billion lost is another carve on the debt stick and the next shutdown is expected to be around January 19th 2024 if they cannot agree on a new continuing resolution a lot will fall away. That was a given, but with Europe now tying to get defence money, giving the US less and already China is in the mix (has been for months) with Saudi Arabia, Egypt and they are expected to score some revenue from the United Arab Emirates as well, this upcoming CR will be missing a few revenue posts and not much is needed to make it all fall over. The larger setting is not merely defence, the UAE will (according to one source) be looking at ships as well. As such there is every chance that the China Shipbuilding Industry Corporation (CSIC) could be up for some UAE coast guard ships. As I understand it, it has something to do with the Abu Dhabi Ship Building Co (ADSB). So is it mere consultancy? Ships design? I honestly do not know, but what does matter is that they used to have an American fleet, now as that falls away a lot more revenue will be missed by American companies. 

All this and the larger setting isn’t merely what Politico tells you, it is the second degree that the Saudi and Egyptian deals open the doors for. I think that Bangladesh is next on the Chinese sights. China has a two sided tactic, gain revenue and stop America from getting revenue. It is the same setting we saw with Evergreen in 1989. Yung-Fa Chang played his hand brilliantly, a setting where players like Nedlloyd had close to complete control was lost in less than 5 years to Evergreen. I reckon that we get a similar kind of play towards the larger naval needs of Bangladesh and Indonesia. After that there will not be much left for America. They already broke their own windows with their ‘elite’ approach towards the F-22 Raptor. I am not criticising this. It was the demand of the US to keep sole custody of that dinky toy. Yet now Chengdu has several nations vying for their J-20 and with the range options, that is a thing coveted by many defence forces all over the globe and there Saudi Arabia, UAE and optionally Egypt and Indonesia as well is a setting of several billions right of the bat, and I expect that the USA cannot counter those odds on revenue. Yet there are a few options for Europe as well. If they push their agenda Chengdu will have to compete with the Eurofighter Typhoon. I have no idea who will win that revenue race, but Europe better be moving fast, the early bird that hesitates becomes worm food. As for the technical side, I am not a pilot. Yet in all this the Evergreen approach comes to mind, so America and Europe are quickly running out of time and Europe’s voiced response of “on what the strategy should look like” sounded nice in 2021, but not now. It’s crunch time for them at this point.

Enjoy your day today.

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November 28, 2023 · 00:55

Jokes in denial

Yup, we see that at times, we see the jokes making claims and then we see them equally in denial making us wonder what this was all about. This doesn’t start with the BBC article, yet it is a good starting point to make my case. The article (at https://www.bbc.co.uk/news/science-environment-67508331) gives us ‘COP28: UAE planned to use climate talks to make oil deals’ and my first reaction is ‘and?’ You see good business is where you find it and a climate change event has hundreds of people all looking for an edge to make their bank accounts fat. This is not new, FIFA has done it for decades as has plenty of other players. But I digress. 

You see, we are then given “The documents – obtained by independent journalists at the Centre for Climate Reporting working alongside the BBC – were prepared by the UAE’s COP28 team for meetings with at least 27 foreign governments ahead of the COP28 summit, which starts on 30 November.” As such, where is the evidence? A mention of an independent journalist? Which one? Then we see a screenshot of something I could optionally create with PC Write in seconds (a 1983 text editor). If this is such a large issues, where is the ACTUAL evidence? This is the ICIJ joke all over again. Now consider the quote “This year it is being hosted by the UAE in Dubai and is due to be attended by 167 world leaders, including the Pope and King Charles III.” Now consider the setting the UK is in. Should the option arise where the UAE could sell the UK oil at $2 cheaper. Do you think that the UK would not accept? Consider that the UK In 2021, some 13 million metric tons of crude oil from Norway and that the larger image is “Norway ($11.7B), United States ($5.48B), Russia ($1.41B), Libya ($1.37B), and Nigeria ($1.19B)” (estimated numbers in 2021). That means that the UK would save well over a billion dollars. With the shortages they currently have a billion solves a lot of issues. Should it therefor not be done? Oh, and that is if there is ACTUAL evidence on the matter. I am willing to go on faith that ANY event will open doors to business arrangements. It will not hinder or lessen the impact of COP28 will it? And all this is related to someone claiming that they have documents, so where are they? What are these sources? Two simple questions.

The joke in denial
Now it is time to refer to the joke in denial. 

This all started with ‘Uniform Nameless Entitlement Perforation’ (at https://lawlordtobe.com/2020/12/10/uniform-nameless-entitlement-perforation/), it was my response to that Guardian idiot with its ‘jets for the rich must stop’ You see the EEA had given us a document on environmental damage in December 2020, it shows that 147 facilities created 50% of that damage. I even added that document at the end.1% creates 50% of all the damage and the Guardian and the BBC never picked up on it, they didn’t even attack the document, they never drilled into the data. They did NOTHING. That makes them the jokes in denial. Now, if they opposed the document and handed us the evidence that would have been fair. But we got nothing and now we get even more garbage without actual or factual evidence. Why is that?

Consider that this day and have fun.

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November 23, 2023 · 23:23

A dangerous escalation

Before I go into the story, I need you to know something. Hamas is a terrorist organisation, no doubt about it. Governments and the United Nations are bending over backwards to avoid phrasing any sentence that combines Hamas and Terrorist. So I have been watching the ‘pro-Palestinian’ events. Too many are riddles with anti-semitics. And as some spokesperson from the United Nations, the simple looking broad with the saggy tits. I had enough. Israel has a right to defend themselves. Yet, I also agree with the actor Misha Collins, who on Twitter stated that what is happening now amounts to war crimes. I cannot disagree with him. Hamas is fully integrated in the west bank, into its populations. The hospitals (at least one) goes into tunnels with weapon caches. All issues. Now that you know that lets get into the article and the actual dangers that Israel is about to face. And Israel went bug-nuts, more then ever. I get the why, but the setting still stands. Israel is basically guilty of war crimes. I have no idea how they could have acted differently. Hamas killed around 1,200 people, most of them civilians and a large group of them children, people were kidnapped and taken into the west bank. Israel lost their cool and went nuts. 

The article (at https://ara.tv/6a4dp) gives us ‘Saudi Crown Prince calls on all countries to stop arms exports to Israel’. I get it Saudi Arabia is a Muslim nation, as such it will side with Muslims. Also on October 20th the BBC gave us “Prince Turki al-Faisal has publicly condemned both Hamas and Israel for attacking civilians” this matters to everyone. Hamas is now and will remain a terrorist organisation, even if the United Nations are in denial. The danger is seen with “Saudi Arabia’s Crown Prince Mohammed bin Salman urged all nations during an extraordinary BRICS summit on Tuesday to cease weapon exports to Israel.” The title gave us the goods, but it is now a more dangerous setting. You see Saudi Arabia is now a stronger voice in BRICS, they have the money, they have the economic future and that has been enough of an incentive for all governments to react. As I see these useless United Nations, the people who would not clearly act against Houthi terrorists are now even more useless. And when Saudi Arabia gets the upper voice, the UN is mostly done for. 

This is no boast, no grandstanding. The last four events West Bank, Ukraine, Yemen and Syria. In all these matters the UN achieved almost nothing, mere grandstanding and the fuel for a gravy train. That is all the UN now amounts to. So as BRICS grows and there is absolutely zero doubt that this will not happen. All kinds of nations will want a piece of that for their economy. That deflates the UN, sets larger issues with the EU and as you have seen in America, too many voices are not merely against Ukraine, they are more and more pro Russian. That is the future we see coming on all channels but the media is making a populist mockery of it all. And now that things need to be achieved the Kingdom in Saudi Arabia is hugely placed to make it happen. It gets to be worse (or better for me) for that. I once wrote the (partial) script of ‘How to assassinate a politician’ that politician is now the largest person in the Dutch election. Geert Wilders, the anti-Muslim far right voice has the most votes. I might just offer my writing again to Al-Arabiya, Al Saudiya, or Dubai TV. The fact that Geert Wilders is about to become prime minister of the Netherlands might make my script worth a few pennies. 

Still the larger station for Israel changes. There could soon be a setting that the State of Israel will end up standing alone. When America and the Commonwealth need to choose their economies or Israel is not entirely unlikely. I have no idea how that will play out, but as the Ukrainian pressures play out, Russia will be in a new stage. Side with BRICS and Saudi Arabia and end up with the tick of NATO at their front door, or make sure that Europe diversifies. The danger for Israel is not complete, but it is growing and Hamas ends up with winning a war they should never have been allowed to win. Because the moment a terrorist organisation wins a war, we all lose, no exception to that setting. That much is certain and the media stands on its own shores, the one with digital dollars, the populist voice. Because flames get responses, get clicks and sets the populistic people on a typing rampage creating even more clicks. 

Enjoy the day. It is almost Friday for me.

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November 23, 2023 · 00:07

Changing gears

This is something I have seen an I have been confronted with in some form. Yet when the NY Times reported on ‘Why Banks Are Suddenly Closing Down Customer Accounts’ (at https://www.nytimes.com/2023/11/05/business/banks-accounts-close-suddenly.html). I was taken aback a little. This is not some case of criminal activity, that I would accept. Here we see “Bank customers get a letter in the mail saying their institution is closing all of their checking and savings accounts. Their debit and credit cards are shuttered, too. The explanation, if there is one, usually lacks any useful detail” with an additional “the telltale pause and shift in tone. “Per your account agreement, we can close your account for any reason at any time,” the script often goes”. There are two settings that come to mind (of the top of my head). The first one comes via Dutch journalist and entrepreneur Luc Sala “the world will have two types of people, those who have and those who do not” it is a statement he made 30 yeas ago and we have been moving towards that setting. A stage of enablers, consumers and others. The second thought that came to mind is seen with “Individuals can’t pay their bills on time. Banks often take weeks to send them their balances. When the institutions close their credit cards, their credit scores can suffer. Upon cancellation, small businesses often struggle to make payroll — and must explain to vendors and partners that they don’t have a bank account for the time being.” I see this as the case that to some degree saw with the SVB bank in march. They are so close to the edge that they are closing down all accounts that are not labelled as enablers or consumers. The algorithm is set to what in some circles would be called platinum or gold customers, the rest is cut as a liability. It is all so that they can continue a little longer. As long as they stay away from the edge they will be ‘safe; for another week (or two). And the explanation by Jerry Dubrowski, a spokesman for JPMorgan Chase, the nation’s largest bank with 80 million retail customers and six million small-business ones does not help. The stage where we are given “whose former account holders sent nearly 200 complaints to The Times” is a metric. So how many complaints did The Times get in the preceding 6 months? How many in 2022, 2021 or 2020? These are metrics that we can use and they would give me something to go on, most likely that the two reasons I just mentioned are not merely the most likely ones. It shows that I got it right. The second excuse “We act in accordance with our compliance program, consistent with our regulatory obligations” is seen by me as equally bogus. You see in June 2023, we were given “JPMorgan Chase is fined by SEC after mistakenly deleting 47 million emails” with the added text “The deletions occurred after JPMorgan’s corporate compliance technology department, which had been trying unsuccessfully to delete some communications from the 1970s and 1980s, sought help from an outside vendor managing the bank’s email storage”. Now consider that an additional 40TB for storage costs $2,899. Now consider the two parts “According to the SEC, JPMorgan has been unable in at least 12 civil securities-related regulatory probes to comply with subpoenas and document requests for communications that had been permanently deleted.” Is the first part. The second part is seen when you consider that these activities required the cost of an external deleter (this is not a free skill) and the fact that they tried to delete 53 year old emails implies that the setting was on shaky grounds to begin with. So where was the side of “our regulatory obligations” then? Then we return to 2020 where we see ‘JPMorgan Chase & Co. Agrees To Pay $920 Million in Connection with Schemes to Defraud Precious Metals and U.S. Treasuries Markets’ which amounts to another setting of ‘obligations’ as such the spin is turned back to JP Morgan Chase. This is about (my personal view) algorithm and the ‘dangers’ that these numbers represent. It makes my mind turn to a movie called Margin Call (2011) with Kevin Spacey, Paul Bettany and Zachary Quinto. At some point we get the quote “Fuck me… Once this thing gets going in the wrong direction. The losses are greater than the current value of the company…?” I do not think that the banks are there yet, but with my view on US treasury bonds several banks are now on the edge and they are trimming all the liable fat they have, so those who are not enablers or consumers are cut. I doubt it is only JP Morgan Chase, but they are the first to visibly twitch. If this is right those who saved ALL THEIR LIVES are about to lose a hell of a lot. 

Am I wrong?
That remains the question and it is a fair question and it can be debunked by giving the people (all of us) a clear list of where all those bonds are and who (especially banks) owns more than $50,000,000 in bonds. I reckon that several banks have way more than that and they relied on the quote ‘too big to fail’, but that myth has been taken to bed and treated to the medicinal use of a 12 gauge. 

As such my view could be dispelled easily enough and I made that same request around the SVB bank months ago, even as the media NEVER looked in that direction (for unknown reasons).

The second mistake by Jerry Dubrowski was “the vast majority of closures are correct, consistent with the regulatory obligations we are required to follow” it comes with the realisation that ‘vast majority’ implies that plenty are wrongfully cut and when was there a bank that relied on “You could be wrongfully culled, but that is how regulatory obligations work” said no one ever. It is the relying on ‘vast majority’ that gives the edge to the victims of this. And now JP Morgan will either be required to give full explanation to EVERY ACCOUNT (as I personally see it) or cop another fine of millions, but they are tax deductible and that is the most likely path they will be on. But that could merely be me and I could be wrong.

In this article Ron Lieber and Tara Siegel Bernard give a good account and I could have looked at it earlier, but I did not. This happens and I have no regulatory obligations. And it was only 6 hours ago when we saw ‘Analyst view: Goldman Sachs rates Polycab as ‘Buy’, JPMorgan still bullish on Reliance Industries Limited’ with the added “JPMorgan (NYSE:JPM) has maintained an “Overweight” rating for Reliance Industries Limited (RIL)” I see no “impressive retail sector performance” I see a reliance on algorithm to get every penny away from the ‘edge’ as possible. I could be wrong there too, but there is every chance that JP will have to call itself ‘JPMorgan Edging’ soon enough. There is another side, but that is an icky one (always wanted to have a reason to use the word icky). It takes me back to the shores of the Dutch SNS bank. Several sides and they might be the first bank in Dutch history that gives a view that white collar crime pays. One got 12 months, 4 got suspended sentences and the Dutch government is down €804,000,000. This relates to the JP case because of the algorithm. How was the bad bank script invoked? How was it ‘allowed’ on paper to fraud and corrupt? Where were the ‘regulatory obligations’ there? It is what the law allows for and as such we see the hardship on the people who are cut (and optionally merely hit hard times). So now consider that the banks cut all those who hit hard times, and still all non-cut customers of that bank are due their fees. So where was the risk management there? The risk has become too great and they are all cut now. That is how I (optionally wrongly) see it.

The last ‘issue’ is that only the NY Times has this, none of the other newspapers have it. The NY Times has enough credibility, but my mind races. There is absolutely no way that JPMorgan Chase is alone here, so why is the NY Times the only one that has this? I doubt it is merely algorithm. This makes me wonder (yet again) how much in US Treasury bonds does JPMorgan Chase has at this moment? 

Just a question. Enjoy the day. I am two minutes from Thursday, Vancouver is only just starting Wednesday.

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November 21, 2023 · 06:31

Presentations by media jokes

It happens at times. Whilst we think that corporations are playing us, we are all being played by the media. The media and corporations hand in hand deceiving us all for a simple percentage. That is the feeling I have had for plenty of times, but this one (my speculated view) is just too opportune to ignore. So lets show you what I have and you can decide for yourself.

Part one
The first part is the story we have seen over the last 2-3 days. This version (at https://www.forbes.com/sites/alexkonrad/2023/11/20/sam-altman-will-not-return-as-ceo-of-openai/) is used as the other version I wanted to use (AFR) is behind a paywall. We see here ‘Sam Altman Will Not Return As CEO Of OpenAI’ with the added text “Supporters of Altman led by Microsoft and including investors and key employees had pressured OpenAI’s board of directors to take back Altman, or face the widespread resignation of OpenAI’s researchers and withdrawal of Microsoft’s support”. At this point three questions come to mind but I will hold off until a little later, it makes things a lot more clear. As such we see one corporation ‘cleaning’ its management setting, but ponder on those settings a little longer

Part two
The second part came hours later, but now we have a very strong defining place with ‘Microsoft hires former OpenAI CEO Sam Altman’ (at https://www.theguardian.com/technology/2023/nov/20/sam-altman-openai-ceo-wont-return-chatgpt-talks-fail-emmett-shear-twitch) with the added “Microsoft has hired Sam Altman as head of a new advanced artificial intelligence team after attempts to reinstate him as chief executive of OpenAI failed.” At this point a few questions should emerge, but we are about to go into that part. 

Part three
This comes when we consider “At the end of a dramatic weekend of boardroom drama, the non-profit board of the San Francisco-based OpenAI has installed Emmett Shear, the co-founder of video streaming site Twitch, as the company’s third CEO in three days”

Part four
The questions that should come to mind are

  1. OpenAI is ruffle feathers when it is on a high in several directions?
  2. Sam Altman doesn’t have a non-compete clause?
  3. So, who is Emmett Shear, what is his expertise in presumed AI?

These three questions should have been on the mind of ALL media. OpenAI is on a high note on a hyped route towards whatever they present. But none of them did, I checked a dozen articles, they ALL overlooked issues here, so when does the media ‘overlook’ issues? We see all the emotional articles about staff resigning, about ‘demands’ in a stage where they (for now) have the upper hand. Oh and on a sideline, when you have such hyped IP, which corporation was the last place that had non-compete clauses in play, especially for players this size? 

That is beside the point on WHO became the replacement.

Part five
This is the kicker, this is the coup-de-grace of the entire equation. It is seen with Microsoft hiring Sam Altman. Microsoft now has a larger stake in a solution they wanted all along and through this media drama, they now get it a lot cheaper. So when would any player, in this case OpenAI shoot itself in the foot to this degree? We see now that ‘Weekend of OpenAI drama ends in a Microsoft coup’, ‘Microsoft Emerges as the Winner in OpenAI Chaos’ and ‘OpenAI’s leadership moves to Microsoft, propelling its stock up’, yes presentations by the media. The media used as the bitch of Microsoft and it is shown through questions that were clearly out in the open. Microsoft stock up and OpenAI becomes part of Microsoft for billions less. One could say (and I would not disagree) that this was a lovely play to reduce billions in tax payments and the media let it happen. All solutions that were clearly on the papers where ever you looked when you decided to seek for the right answers. As I personally see it, the media is simply the bitch of corporations and they all let it happen, all pushing the tax offices down the river in a canoe without a paddle. Well played Microsoft.

So consider what played over a weekend, consider what any corporation would do to protect its multi billion dollar value. I think that OpenAI was part of this stage from the very beginning, but that is my speculated view.

Enjoy your Monday, it’s Tuesday here.

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