Category Archives: Politics

The die is cast

it started Yesterday (well, it started earlier), the Guardian gives us ‘British-Iranian relations strained as oil tanker is seen off Syria‘, with the by-line “Adrian Darya, previously called Grace 1, photographed near Russian navy facility“. the starting quote “Britain is seeking to establish whether Iran has sold oil to Syria in breach of written undertakings given by Tehran to authorities in Gibraltar“, we can go with the speculative ‘yes’ on that answer, but it is not a given at present. The quote “Since leaving Gibraltar the ship had taken a peripatetic route towards Syria, but was last photographed off the Russian navy port of Tartus in Syria. TankerTrackers, a firm that monitors oil tankers, has seen no evidence that its 2.1m barrels of oil have been discharged” is no guarantee that it is not happening, or that it will not happen.

The issue is not the oil, the issue is what Al Jazeera reports (at https://www.aljazeera.com/ajimpact/saudi-arabia-enrich-uranium-190909144444127.html), I tend to be in favour of ‘Saudi Arabia wants to enrich uranium but the US may not like that‘, I support the setting as the EU and the US no longer have any balls in dealing with Iran and Saudi Arabia has no choice but to be ready to deal with Iran. It is the consequences of inaction. We see the quote: “Saudi Arabia wants to enrich uranium for its nuclear power programme, the kingdom’s new energy minister said on Monday, potentially complicating talks with Washington about an atomic pact and the role United States companies might play in the arrangement.” We might think that this is the barricade that works, but you would be wrong, both Russia and China are chomping at the bits to deliver high technology power plants that can work with enriched Uranium, this is a billion per place and Saudi Arabia would need 4 straight off the bat. Two power plants to power the growing power needs of Neom City and One for Riyadh power needs and one for other power needs. Do you think that in this age where American and European abilities are downgraded time after time that both Russia and China do not stand a chance? The fact that in both the EU and US larger discrimination and anti-Saudi needs have been fuelled for almost two years, the Saudi government needs to find a solution that is best for Saudi Arabia, not a solution that makes them seem the nicest. That time has gone, that time was 2017, the actions of media since have shown that the anti-Saudi rhetoric is slightly too strong and the Saudi government knows that. In light of all information available, it is the Chinese government that has the strongest position of the three (when we include the US) giving them another benefit. The US has downplayed several parts and now that we see that the Chinese government is ready to step in, we also take notice of an earlier stage in October 2018 where the SCMP gave us ‘China may seek to boost ties with Saudi Arabia but it ‘can’t fill US arms sales gap’‘, I was never certain that it was ever completely true. I believe that China needed time to set things in motion, I also believe that in the gap between July 2018 and August 2019 they have been able to set that stage to a much larger degree and within a year that gap can completely be filled. One issue that was resolved was the Chengdu J-20, the Chinese answer to the F-35. the rumour is that the three weaknesses Canopy, fuselage and engines have been resolved, there was still some questions on the stealth coating, yet that would not prevent them from starting, there would merely be an upgrade of a delay in fulfilment of foreign orders.

With that larger issue out of the way, China is seemingly ready to hand out larger contracts, they might be in the running to aid Saudi Arabia in getting them on the road to keep the 50% promise of making SAMI products export ready, the question is which arms are the most viable ones at present. With the growing concerns and the fact that Saudi Arabia is ready to deliver gives a much larger concern that the US has been playing the wrong game for well over 2 years at present. Even now, less than a day ago, CNBC gave us ‘US wants energy dominance regardless of what happens to oil prices, deputy energy secretary says‘, a quote and a claim that is both flaccid and exaggerated. As such the quote: “The U.S. deputy energy secretary told CNBC Monday that America wants to achieve energy dominance regardless of what happens to oil prices” falls short on a few levels. It falls short not merely because of the additional “It just simply means that we are going to produce as much energy as we can, as cleanly as we can and as affordably as we can“, there is seemingly a line that goes from the US to all other nations, that is besides the issue that ‘clean‘ and ‘affordable‘ tend to be opposite in scope, clean power is not cheap and affordable power tends to be not clean. In there the balance is already out of whack when they want power creation dominance and if China is affirmative to the 4 nuclear power plants, the need for US power will fall to some degree, so the option of dominance goes out of the window. Not dealing with matters is what got the US in this stage, not dealing with Greece (via Wall Street), not dealing with Brexit (through arrogance), not dealing with Iran (through indecision) and not standing strong with their claimed ally (Saudi Arabia) has pushed them on a sliding scale of mind over matter. It is becoming more and more clear that nobody minds because the US no longer matters. As the EU and the US are downplaying the impact and chances of the next recession, or as the recession is used to create Brexit fear, we see a population that has had enough. That is the setting the US is facing and all the non-evidentiary stance on Jamal Khashoggi was not helping, that journalist’s missing cadaver has been milked for anti-Saudi media coverage for far too long.

In this stage, as we realise the factors we look at the stage where we see: ““We are proceeding with it cautiously … we are experimenting with two nuclear reactors,” Prince Abdulaziz bin Salman said, referring to a plan to issue a tender for the Gulf Arab state’s first two nuclear power reactors. Ultimately, the kingdom wanted to go ahead with the full cycle of the nuclear programme, including the production and enrichment of uranium for atomic fuel, bin Salman told an energy conference in Abu Dhabi.” and his royal highness has to, he has little choice, it is not only because of the power requirements of the kingdom, Iran is still a threat and that threat can only be countered by having equal solutions at the kingdom’s disposal and in all this, the total lack of actual actions against Iran by both the EU and the US do not help matters. In this, when we consider “The tender is expected in 2020, with US, Russian, South Korean, Chinese and French firms involved in preliminary talks about the multibillion-dollar project” we need to realise that the US and the EU nations now have a disadvantage to this tender. So whoever wins the multi-billion dollar tender, the losers are going to get confronted on how their tender fell flat due to inaction. It also made me wonder on some of the processes and I know that the World Nuclear Association is the best source.

So I had a look at some of the information, and the stage is set at: “Uranium-235 and U-238 are chemically identical, but differ in their physical properties, notably their mass. The nucleus of the U-235 atom contains 92 protons and 143 neutrons, giving an atomic mass of 235 units. The U-238 nucleus also has 92 protons but has 146 neutrons – three more than U-235 – and therefore has a mass of 238 units“. With the centrifuge principle of “The counter current flow set up by a thermal gradient enables enriched product to be drawn off axially, heavier molecules at one end and lighter ones at the other” and when you consider the image I wonder if it is the most efficient path. I wonder what happens, when we consider “heavier molecules at one end” it seems to me that the outer part (heavier molecules) when it is siphoned off, more uranium could be processed making the process faster. It was just a thought I was having, I remain in a creative stage. There is equally the option to see other solutions when we consider the Roman bath houses and 2 phase compressors. They did not get to their destination in one step, the compressor goes from zero to 5 atmosphere, the second stage takes 5 atmosphere and pushed it to 25 atmosphere, in the old days it was a lot more effective, even now we see the path where the centrifuge at its speed can do it in one go, yet consider a centrifuge park with 50% more units, yet creating enriched Uranium at twice the speed. I am not sure if it works, but I do know that we need to upgrade the technologies to make the Iranian technology obsolete, making the Iranians stop their intended steps, or being able to take the steps to end their actions altogether. People might not like that approach, but the stages we now see involving the Syrian delivery, the Houthi arms and drone supplies, it is clear that Iran has no peaceful intent in any direction. It is our responsibility to choose, either we support Saudi Arabia, or we move out of the Middle East altogether. Either way

This matters, because if we are to stop Iran, we need processes that are more advanced to give the clear signal that the actions of Iran should no longer be tolerated. There are two options in any war approaching disagreement, either you overwhelm them or make their solution obsolete. We have seen that advancing stronger gives the option for a peaceful edge and that should always be embraced, that is as long as you are willing to use that advantage effectively, the EU and US have shown that they are unwilling to do that. So another option is required. That path is seen in the Al Jazeera article with “Reuters has reported that progress on the discussions has been difficult because Saudi Arabia does not want to sign a deal that would rule out the possibility of enriching uranium or reprocessing spent fuel – both potential paths to creating a nuclear bomb“, whilst the intent might sound noble, it isn’t. This solution will not work because no one has a handle on Iran and no one is willing to deal with Iran and that is where the problem lies. As long as Iran is around the problem remains that much has been shown several times in several direction, only the arrogant and delusional political players in the EU and the US are still of the mind that a nice solution can be found, the problem is that Iran has been most effective in tailoring to those ego’s and it is time to give light to those tools and find a way to stop Iran, we have to because their willingness to transgress on nuclear limits has now been shown three times over. That is seen as the New York Post gives us less than a day ago: “The United Nations’ nuclear watchdog confirmed Monday that Iran has installed advanced centrifuges and is moving toward enriching uranium levels — another violation of the 2015 nuclear deal brokered by world powers”. I believe that the best solution now is to make sure that Saudi Arabia gets to the Iranian destination faster, or we allow an open war with Iran, what would you chose? I believe that war is a last resort, yet I am willing to go there if needed, which makes me a better and more ample decider than either the EU or the US, indecision is the only agenda point they procrastinate on, a stage that is too dangerous for anyone at present.

 

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Focal points

I am in a slightly darker stage, I got there myself and I will get myself from it as well. The first issue is the United Nations,

The Yemeni Jam

I never considered that I would one day be ashamed of the existence of the United Nations. The article (at https://www.theguardian.com/world/2019/sep/05/australia-may-be-complicit-in-war-crimes-if-it-supports-saudi-led-coalition-in-yemen-un) gives us: “a Saudi-led coalition that has starved civilians, bombed hospitals and blocked humanitarian aid as tactics of war, may be complicit in war crimes“, I will not go any deeper into it, as I reported on this in my article: ‘Unemployed or UN employed?‘, (at https://lawlordtobe.com/2019/09/04/unemployed-or-un-employed/), so doing that again is just doubling up (there is more in the article as well). The media has not released that report yet and I will dig into that one deep the moment I can. Part of this problem was given to the people by the Human Rights Watch in an article giving us: “The May 2019 report of an independent investigation by a Guatemalan diplomat, Gert Rosenthal, raised serious concerns about the UN’s handling of the human rights crisis in Myanmar. The secretary-general should promptly carry out reforms to prevent what the report called the recurrence of the “systematic” failures and “obvious dysfunctional performance” and to ensure individual accountability for those failures“, the problem is larger, even as the articles are all about showing just how exposed the allies of Saudi Arabia are, the word ‘Iran’ is only seen twice in the entire article. There are a multitude of acts that Iran is involved in and they do not reach the media to the largest extent, the unmentioned actions by Hezbollah in Yemen are cause for further worry in all this. Even as we get ‘The UN leadership has taken an important step to learn from its failures in Myanmar‘, we see only a part; the failure of the UN is seen all over the Middle East. Yemen, Syria, Jordan are only three of the places where UN actions fall short, or better stated they fall far too short.

Let’s also see the larger issue, the UN needs more resources and it needs the ability to act, both are presently in short supply. It is important to see that the entire matter is larger than presented, there are more issues. This does not absolve the connected parties, but the accusations become one-sided. There was enough doubt on some of the accusations against Saudi Arabia, but not all accusations are without merit, they need to be looked into, yet in that same setting there is an abundance of issues on the opposing sides to the Saudi coalition, less than 10 hours ago houthi forces fired a ballistic missile into Saudi Arabia, it never got that far and crashed in the al-Safraa region, as well as in Saada (both Yemeni), yet that is a part that does not make the news, in addition, the established fact that houthi forces have no options to create the ballistic missiles imply that Iran is still delivering them and a lot of that had not been mentioned by the media, and as such I want to get my fingers on that UN Report (especially after seeing that essay from Agnès Callamard).

The Conveyance of GGGGG

We see that the US s still playing its trade war game and it found a new tool. That tool is named Poland. Now, let’s be fair, any nation can use whomever or whatever they desire, need or demand to get their business done and there is nothing out there that Huawei is the only player, because they are not.

So why did I call them a tool?

That part is seen in a news article that gives us: “It was signed by U.S. Vice President Mike Pence, who’s visiting Warsaw for a ceremony commemorating the 80th anniversary of World War II, and Poland’s Prime Minister Mateusz Morawiecki. “We believe that all countries must ensure that only trusted and reliable suppliers participate in our networks to protect them from unauthorized access or interference,” according to the declaration, which doesn’t single out China or any companies“, you do not send the Vice President to Poland to implement a 5G solution, you do not send that man to introduce new technology; this was done. The article is all about implied and accusation towards Huawei on “prevent the Chinese Communist Party from using subsidiaries like Huawei to gather intelligence“, which still has not been proven after a few years and the one issue from 2011 was settled and adjusted for. In addition to all this, Mike Pence comes across as an absolute hypocrite when we see “using subsidiaries like Huawei to gather intelligence“, whilst places like Facebook have been spreading data like a prostitute with an STD to anyone willing to listen and store data (Cambridge Analytics anyone?)

The issue becomes even more hilarious when we consider the source FierceWireless. There we get ““Polish counterintelligence have detected certain actions, which might have been an espionage nature”“, a quote given by Poland’s president Andrej Duda, Apart from Polish counterintelligence being too stupid, I meant untrained to shut down the FSB/entrepreneur silver acquirers in Gdynia being one example and those individuals have been active since before 2002. I am basically stating the speculative situation where Polish intelligence could not find a clue unless it was spoon-fed and is it my speculative view that Mike Pence fed the Polish president some CIA reports of a highly dubious nature. so whilst we see the operative ‘which might have been‘, there is a 87.332% likelihood (roughly) that Polish Intelligence can too often not differentiate between FSB, Chinese MSS, Polish Students and Russian Entrepreneurs (Russian Mafia is such an overused term). I have to admit that I have not bothered to look into Polish abilities after 2003, yet in those days SIGINT in Warsaw really did not add up to anywhere near the needed level they needed to be.

The problem for the US is not that they have 5G equipment; the issue is that it is too inferior at present. It is the price of iterative technology versus innovative technology (a fact I highlighted on numerous occasions) and Huawei has been the innovator for several years now. In this setting we see the accusations of US being nothing but a bully going up against a tech giant that has at present shipped over 200,000 base stations and the delay that some governments are creating (because they know not what they do) will hinder them as per 2021 a lot more than they realise. There is now an additional shift happening. There are early indicators that the Huawei offices in Saudi Arabia have been part of a larger group that are making progress on getting Pakistan on 5G using Huawei, even as the sources are unconfirmed (read: not super reliable), the stage that India now has it that the 3 year delay because of the Huawei issues would give them additional set-backs as well. Not to mention that certain new 5G IP that is openly for sale will also foster additional speed for Huawei in other ways. Huawei now has the created stage to directly instigate advancements to a global community of over 400 million small businesses whilst these players all get to have a larger stage on their own creation of awareness, visibility and marketing. That power directly to the business will leapfrog business in places like India faster and faster (the largest beneficiary when they get it), when that door opens places like IBM and Google will see a loss of revenue growth and a dip in their data soon thereafter, with the Princeton Digital Group (PDG) now in the stage of building their data centres in China and Singapore, more options will open up outside of the US, more important the connections that the joint venture has created with 21Vianet will change a lot more heads in the coming year. I doubt that the centre will be ready before the end of 2020, but there are larger clusters now being made ready outside of the US and Huawei will benefit a lot more than anyone else at present. In addition to that the Colocation Saudi Arabia Data Centres (19) as well as the Google Data Centre (upcoming) changes the cloud even further, with the US losing the monopoly it once had we see a shift and the consideration that data becomes a currency. That seems outlandish, but it is not, it is merely the next step and 5G is essential to that part of the racetrack, a racetrack that the US tried to grease, making it a slippery place to be and the consumer market is waking up to that danger. These elements are visible out there via a whole range of openly visible sources and published agreements.

In the end the conveyance of 5G is starting to get an additional pool of players that are openly out there growing business ventures and those ventures are not in the US. That what the US feared the most is now slowly becoming reality.

The larger concern is not merely these focal points, it is how they take resources away from places where focus needs to be, the actual and proven transgressions by Iran, even as it is removing more and more limits on their nuclear programme, we see Forbes giving us the part that matters to the US, or better to US corporations. the headline ‘War With Iran Would Be Disastrous And Enormously Costly‘ is true on both sides and even as Secretary of State Mike Pompeo and  National Security Advisor John Bolton are all for military actions (to some degree), we need to see two parts. The first is that corporations want a peaceful settlement and the media is not mentioning large issues with Iran on several levels, the second is that with a debt of well over $22 trillion ($22,500,000,000,000,000) there is no money for a costly war. The US is playing the paper tiger and the slowdown that they are creating in the US-China trade war is having a much larger issue, so the US is depending on tools to do the work for them and even as Poland is on their side, Greece is ready to embrace Huawei with 5G because of the economic momentum they gain. These are merely two of a much larger pool of issues, basically the US needs to fight a war on two fronts (China and Iran) whilst they are out of money, options and technology, a setting that seemingly implies a war but without soldiers and without weapons. It is funny, but this reminds me of a Star Trek episode from 1967 called A Taste of Armageddon.

There the two players have decided on a virtual war to keep their cultural heritage safe. The problem is that both need to agree on the rules, so we see in the translated reality a UN SC versus UNIFIL setting. The United States Security Council intervenes when two parties agree (MFO), the United Nations intervene when two parties disagree (UNIFIL). I personally was in the first force in 1982 (Sinai). In this game we see the US trying to play a virtual game, whilst the evidence is not there, so they rely on tools. In addition this virtual game is not played because China and Iran both disagree on matters and the US cannot afford to send troops and wage a super expensive war.

All elements come to blow in the two given focal points, so until the other players are willing to deal with Iran, there will be no action leaving the pressure on Saudi Arabia, the UAE with Yemen in the middle. Until the US gives actual and factual evidence the 5G stage is moving towards China (Huawei) more and more and all those who support the US will see a slowdown on their future economies and it making more governments reconsidering the Huawei solution. It is optionally seen as a war on two fronts (US vs Iran and China) as well as two dimensions (economy and technology) whilst at present it is almost a given that the US will lose both of them.

The second part was given by the South China Morning Post in July when they reported ‘Nearly 60 per cent of Huawei’s 50 5G contracts are from Europe‘, 28 out of 50 chose Huawei. All in all there is a tactical problem in the US and it is getting worse, the moment that they act against Iran too late is the day that whomever is in the Oval office will have to publicly admit that they would decide to signing an economic trade agreement with Iran. I wonder how Israel and Saudi Arabia will react that day, because it will redefine a lot of global lines that day.

 

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The new politics

I still feel shivers lately when people like Jeremy Corbyn refer to the UK as a democracy. We could overly vocal voice that leaving democracy to an anti-Semite is slightly too uncomfortable. To illustrate this I refer to the BBC (at https://www.bbc.com/news/uk-politics-45030552), The quote: “In April 2019, the Sunday Times reported that Labour had received 863 complaints against party members, including councillors. The newspaper claimed leaked e-mails it had seen showed more than half of the cases remained unresolved while there had been no investigation in 28% of them. It said fewer than 30 people had been expelled while members investigated for posting online comments such as “Heil Hitler” and “Jews are the problem” had not been suspended. Labour disputed the reports while Jewish Voice for Labour, a newly constituted group supportive of Mr Corbyn, maintained the number of cases being investigated represented a tiny fraction of Labour’s 500,000 plus membership.” is central here. I would accept ‘the number of cases being investigated represented a tiny fraction of Labour’s 500,000 plus membership‘, yet in political places, this is too much headway and too much festering, as such there is a debilitating level of mistrust when these issues are not investigated, and with almost one third not being investigated, the issue is a rather large one. Then we get to BBC Panorama’s “Mr Corbyn’s communications chief Seumas Milne – had interfered in the process of dealing with anti-Semitism complaints“, which in itself is a clear indication that the stage is much larger than we are led to believe. The BBC In August 2018 gave additional visibility not merely to his links with Terrorism, the quote: “critics have pointed out that a photograph from the event appears to show him standing opposite the graves of Atef Bseiso and Salah Khalaf, two senior PLO officers who were accused of links to the Munich attack and were assassinated“, we now have two options. Either Corbyn was played, or he is too sympathetic towards terrorists, in either case this is not some path to peace as the quote: “he had attended the event in Tunis as part of a wider event about the search for peace” was given. So either he got played (which I would accept to some degree), or he has too strong ties to extreme anti-Israel groups, either way the man should not be allowed in UK politics.

This is not merely about Jeremy Corbyn; this is a much larger setting. The setting is European. You see there is a shift going on and it is a very dangerous one. The UK is and should always be a Monarchy, as a monarchy the UK looks after ALL its citizens, rich, poor, well off and anyone not well off. This is opposing the European model which is overwhelmingly a Corporatocracy, more dangerously, it has in the last three years instilled a much stronger stage of corpocracy and these two are not the same. Let me explain.

A corpocracy is a corporate bureaucracy, characterized by ineffective management (EU Gravy train anyone?)

This is important, because this is a very dangerous stage, it affects democracy and more important deflates the long term chance that any democracy can be effectively applied. This is pushed by three parts; corporations, interest groups and what I call the Jackal gang.

I do not have to explain the corporations. The interest groups is another matter, here in one example we see in the Guardian (at https://www.theguardian.com/politics/2019/sep/04/no-deal-brexit-food-shortages-brc), in the example we get Andrew Opie, the director of food and sustainability of the British Retail Consortium telling us: “Our assessment is based on discussion with our members, who move fresh food every day, and the likely disruption“, as well as “We modelled that with our members who have told us there will be disruption to fresh food“, these statements were casually accepted. Yet WHO checked and critically investigated ‘We modelled that with our members‘, modelling implies algorithms, modelling implies a state of data analytics, dash boarding and optionally clear reports. Who checked those? Andrew Opie? He has one goal, to keep markings for his members as high as possible and Brexit gets in that way. He is not alone; there are dozens if not hundreds who have been playing that game playing the fear monger card again and again in the last three years. How much famine was there in the UK in the 70’s and before? This is not about supply, this is about expedited margins and the media is not telling the people this, they are not investigating this to the degree they should. The people are merely pushed into fear towards remaining in the EU and that gravy train is too expensive for all of us. The EU has well over €3 trillion debt and there is no path that leads to any exit, not for generations and this benefits the banks, it benefits the people on the EU gravy train, it does not benefit small businesses, it does not benefit the people and there is no end in sight. Brexit was the first clear step to make things better for the British people and the people in the commonwealth in the long term, yet the US, corporations and the IMF will not entertain it, they have too much to lose.

And this is not over, it is about to get worse. We see this in the Financial Times (at https://www.ft.com/content/0ff70e24-cef8-11e9-99a4-b5ded7a7fe3f) even as it seemingly starts low key with “Christine Lagarde has called on European governments to co-operate more closely over fiscal policy to stimulate the stuttering Eurozone economy” which changes tune as we get: “aimed at rich economies like Germany and the Netherlands, she said governments who “have the capacity to use the fiscal space available to them” should spend on improving their infrastructure“, she did not mention some balance of infrastructure and reducing debt, no reducing debt is off the table. And as we get: “The central bank could “direct” its corporate asset purchases towards green bonds once the EU and other regulators have agreed on a common framework for green finance“, which is the foundation for another Stimulus, a plan that failed twice is now again being used to create more debt and pushing what seemingly was once a democracy into a corpocratic Corporatocracy, a stage where nations are no longer in charge, corporations are and we see that push more and more, the fact that freedom of choice in the UK is no longer honoured, as well as the fact that freedom of choice is now regarded as a natural disaster is a clear stage on that road.

Voicing it into a stage where it’s called ‘fiscal stimulus‘ creating the regard that the ECB needs to be to be ‘agile’ in facing economic trouble is merely a relabelled stage where Wall Street and its banks are deciding what Europeans and Brits are allowed to do and short sighted politicians are actually handing them the national keys to do just that. In the age of an aging population that is even more dangerous, for the mere reason that the debts cannot continue a stage of retirement, making the validity of aged people almost obsolete. Again this is all in the view of Corporatocracy; for them the bottom line is margins and profits, to get that 100% needs to be an enabler or a consumer, the rest has no value and we are pushing more and more in this direction.

The Washington Post (at https://www.washingtonpost.com/world/europe/lagarde-defends-european-central-bank-stimulus-at-hearing/2019/09/04/17abb148-cf10-11e9-a620-0a91656d7db6_story.html) gives us part of the Corporatocracy setting.

In the line “uncertainty over tariffs has sideswiped the 19-country Eurozone as businesses delay investments and new orders“, the fact that any delay has that much of an influence on American needy people is almost too unacceptable. This is more than just the ‘turmoil from the U.S.-China trade conflict‘. We can (speculatively) consider the line: “it could disrupt business dealings between the U.K. and the 27 remaining members“, which in light of “Britain is currently scheduled to leave the European Union. If that happens without a divorce agreement to smooth trade” is not about ‘smooth trade’ at all, this is about managed maximised margins, something Wall Street relies on very fucking heavily, so the entire stage where the new ECB ruler is not one of the other banks, but the previous sceptre wielder of the IMF is a much larger issue, it is also a case that the US is a lot more in charge of Europe that we think. Consider the amounts of debts and the fact that no one has that much money. A stage where two banks lend each other on paper $2 trillion, whilst neither has the funds. It is one situation that will lose control more and more and the important questions are not being asked. When we see Francois Villeroy de Galhau (Governor of the Bank of France), Klaas Knot (ECB policy maker) and Madis Muller (ECB policy maker) are a few of a growing group of people opposing stimulus (read: massively sceptical), whilst the one in favour (former IMF) is now President elect of the ECB. The one doesnot imply the other, yet the stage where we see “resumption of bond purchases now would be disproportionate to economic conditions” is merely one option, there might be more, but stimulus is what the US and a corpocratic Corporatocracy requires to keep the margins and the people get to pay that invoice. More importantly the lack of oversight and the lack of transparency gives sway for the ECB bank to do whatever it wants, whenever it thinks it needs to.

In what kind of a democracy did Europeans sign up for that?

Corporatocracy

I mentioned that in an earlier blog, it is a state where corporations decide on matters and that is what we see to the much larger extent at present. It is an age where social securities collapse, housing is close to redundant and the age of age discrimination is at an all-time high. All issues visible to a larger extent. I mentioned a few other parts earlier in this article and that is merely the beginning. I needed to make this mention because it is time to explain another phrase I threw your way.

The Jackal gang

This is a group of facilitators and exploiters. The Jackal gang is pretty much everywhere, the problem is that the intentional ones are not the same as the beneficiary players. Let me explain the difference. There are vultures, which are pure carrion eaters, they devour whatever is no longer living (or too close to death to see the difference), with vultures we see a group of people who drop down on companies pronounced dead, or basically no longer serving and they take the pickings. This is the foundation of Vulture funds as well, Argentina being an excellent example in the past and they are about to become a repetitive example soon again. The 2001 default is one stage where Vulture Funds swept in to get nice pickings. Let’s face it, the Argentinians decided to go this way (no one else was offering). Opposing the Vultures are the Jackals, they are like Vultures carrion eaters, yet there is another side, Jackals also take on the sick and the weakened, in a pack they can take down a larger opponent and because the opponent was not dead the pickings are a lot better. In this example the Gravy Train (a first class experience that is always on the road with all the amenities); the gravy train is a large behemoth, it has all kinds of connections. There are subsidised needs, there are research and grant needs and there are logistical needs as well as operational ones. In this stage we see the beneficiary ones; they are merely offering a service like a hotel, lunch services, dry cleaning and so on. They are merely services that a person needs to rely on, yet in another stage when it is a catering service that is ALWAYS called on, or a mother organisation that gets all the contracts, we see the Jackal group. These people are all linked in one way or another and that is how the Gravy train operates and there are large amounts of money involved. To get you a more apt example, we look at the ECB and its part in the Greek financial tragedy (definitely not written by Sophocles).

Here we need to consider that the Securities Market Programme threatens the ECB’s legitimacy as the potential fiscal role is an inappropriate activity for an independent central bank. Some actions are valid as well as appropriate. when we see “In the event of a wholesale creditor run based solely on self-fulfilling expectations, it is reasonable for a central bank to intervene and act as a lender of last resort to financial institutions that would otherwise be solvent” we see an appropriate act. Yet in case of “The failing of the institution is that it is not credible that it is willing to purchase enough of the debt to contain the run. Unfortunately, the ECB’s insistence on secrecy with respect to the programme is particularly damaging. It is widely believed that the average discount to face value paid for the Greek debt acquired (prior to August at least) was no more than 20%. The national central banks appear to have sought out the lucky counterparties. And, the ECB won’t say who they are or how much they paid” is a stage where there is no transparency, the gains are not disclosed, there is a failing on managing the debt and the matter goes from bad to worse (source: CEPR’s policy portal, Anne Sibert). The issue was also illuminated in ‘Buiter, Willem (2009), “Recapitalising the Banks through Enhanced Credit Support: Quasi-Fiscal Shenanigans in Frankfurt”, Maverecon, Financial Times, 28 June‘.

A matter that should have been dealt with to a much larger degree now as this goes all the way back to 2011, the fact that another stimulus is coming lacking transparency is a huge deal, it implies that trust in the ECB needs to be revoked and written off (read: discarded).

I grant you from the very beginning that the this is a very complex matter (and I am all out of Economic degrees as I never had one), yet I know data and a lot of it is not adding up, questions that should be on the front of everyone’s mind are seemingly not openly asked or the existence of the questions are denied. The entire issue of Brexit as it is playing out is less about democracy and too much about the politics of pleasing large corporations, there are too many questions and quotes are merely copied by the media and not questioned and that is a democratic failing of the largest degree. Jeremy Corbyn with: “Jeremy Corbyn became the first Opposition leader in history to block a general election on Wednesday night” (source: The Telegraph) might be the most visible example, but he is not alone, there are scores of MP’s playing the ‘remain’ card and as I personally see it they should all be investigated. Consider the direct description of treason: ‘the crime of betraying one’s country, especially by attempting to overthrow the government‘, is that definition and that is what we see here. It is the stage we see now and many sources in the media are all about ‘quoting’ and not about investigating, it is the failure that must be fixed. Well, perhaps the option is to award certain politicians with the William Joyce medal. I am offering the thought that Jeremy Corbyn is to be reviewed to see if he should get the first one, who is with me?

The new politics are not about claiming and presenting, but the need to show allegiance and give proper explanation on why exactly things were done. Would that not make political life a lot more transparent? The ECB could learn from that, so two herrings caught with one rod.

 

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Unemployed or UN employed?

I got hit by the news last night and I had to sit down to settle a little. Now, I already had plenty of issues with the UN, the first one is Eggnog Calamari (aka Agnès Callamard) with her essay, several parts of that being debatable (as I personally see it) and too much on speculation and what might have been. OK, besides that point there are plenty of other issues, yet the news yesterday takes the cake. The news (at https://www.aljazeera.com/news/2019/09/france-britain-complicit-yemen-war-crimes-190903103122355.html) giving the headline ‘US, France, Britain may be complicit in Yemen war crimes: UN‘ makes the UN now come across as a joke. Even as we get the same approach with their ‘secret list’ the quote: “The United States, United Kingdom and France may be complicit in war crimes in Yemen by arming and providing intelligence and logistics support to a Saudi-led coalition that starves civilians as a war tactic“, it is the ‘as a war tactic‘ that is the part that bothers me. There has been enough news and enough mentions that Houthi forces took food from the people. In addition there is enough evidence that Houthi forces stopped the flow of food and medicine. There is equal sources (unconfirmed) that Hezbollah set that stage, in addition the Iranian part in all this remains unmentioned. Apparently the report also gives us: “The Houthis for their part have shelled cities, deployed child soldiers and used “siege-like warfare”” yet no mention of the famine actions that have been reported on a few occasions instigated and pushed through by Houthi forces. I am clearly not stating that Saudi Arabia and the UAE did the same tactics, the acts that the report accuses them of. I am not aware of this part and I am not saying that this is not so, yet there is now allegedly (because the Al Jazeera article is the source) more than one piece of evidence missing, as such the UN can no longer be trusted at present. The intentional absence of Iranian actions, the absence of Hezbollah mentions, as well as the fact that UN volunteers earlier this year reported that Houthi force claimed and blocked food supplies is a large issue and as it is unmentioned now gives rise to the UN becoming a questionable presence.

The quote “Its appendix lists the names of more than 160 “main actors” among Saudi, Emirati and Yemeni top brass as well as the Houthi movement, although it did not specify whether any of these names also figured in its list of potential suspects” is equally debatable. By trying to steer clear through: “it did not specify whether any of these names” implying that Houthi forces are less guilty. Still the actions of Iran supplying arms, drones and missiles are seemingly not mentioned. And if there is truth to the quote: “the information in these reports is absolutely crucial to build cases in the future“, the absence of Iran and Hezbollah become even more interesting. The question with me is whether the person behind that report is UN employed, or should that person become unemployed immediately.

When I take a helicopter rise (or a magic carpet ride) I can agree that there are no real innocent sides, all sides will transgress, make mistakes and so on. Did Saudi forces refuse to feed people, or were the food supplies already seized by Houthi forces? It is not a case of bias; it is active strategies on a theatre of war that was active. The fact that Houthi forces were mostly unmentioned is a much larger issue; the absence of Iran makes the entire Al Jazeera article optionally worthless. I will wait for the actual report to come out and nit-pick that report to death. Yet the article in France 24 gives us: “US, Britain, France, Iran and others that they “may be held responsible for providing aid or assistance for the commission of international law violations if the conditions for complicity are fulfilled.”” gives an optional first stage where the bulk the question is larger, Al Jazeera voiced it as: “while also highlighting the role Western countries have played as key backers of the Arab states and Iran has played in support of the Houthis“, yet it is the only mention of Iran and no mention of the acts of Hezbollah at all, which is still an issue on several levels.

There is one additional failing in the article, and optionally in the report as well. the quote: “it found that a Joint Incidents Assessment Team set up by Saudi Arabia to review alleged coalition violations had failed to hold anyone accountable for any strike killing civilians, raising “concerns as to the impartiality of its investigations”“, the quote shows a larger failing in the train of thought here. It is the task of a Joint Incidents Assessment Team to see of proper procedures were adhered to, that is not an impartial task, that is a clear task whether military protocols were ignored. The Human Right Watch (at https://www.hrw.org/report/2018/08/24/hiding-behind-coalition/failure-credibly-investigate-and-provide-redress-unlawful) gives us a few parts, but the quote: “JIAT originally consisted of 14 individuals from the main coalition members. It has a mandate to investigate the facts, collect evidence, and produce reports and recommendations on “claims and accidents” during coalition operations in Yemen” is seemingly accurate. The task is to initially investigate whether proper military procedures were adhered to. This is important as this sets-up the investigation through the chain of command. At that point SIGINT can determine whether communications were passed on correctly, it is there where I believe that one additional independent member would be required to investigate ALL the raw data. It is a time consuming job, but that is the path to find out what happened. And anyone thinking that this is simple, think again any event could take months to investigate if ALL the data is available. Yes, I agree it might seem partial, but it optionally is not. If anyone accuses this JIAT to be partial, than there might be a case for that, but it is still edged on the need for the Saudi Government to investigate whether they did something wrong. A defence attorney is not impartial, he or she opposes the prosecution to find all the evidence and applies the law to show innocence (or better stated an absence of guilt); it is a military approach, a Judge Advocate General (JAG) job to investigate. They apply the law and at present I have not seen any evidence clearing or properly accusing Saudi Arabia and the UAE from being actually guilty. Yet the other HRW parties are eager to ignore Iran’s part in all that. In addition, as the HRW gave rise 6 months ago with ‘Yemen: Houthi Landmines Kill Civilians, Block Aid‘ (at https://www.hrw.org/news/2019/04/22/yemen-houthi-landmines-kill-civilians-block-aid) where we see: “Mines have also prevented aid groups from bringing food and health care to increasingly hungry and ill Yemeni civilians“, gives a larger truth. The article in Al Jazeera (and France 24) give no rise to that given, Houthi involvement was minimalized and that is a much larger crime (as I personally see it) giving rise to my premise that this person behind the report should not be UN employed, that person should be unemployed.

That took less than 20 minutes to figure out, I wonder why Al Jazeera made no clear mention of that failure, where is their head at and where is their media allegiance at?

 

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Anacusis through silence

This is about an article I wrote on June 2nd 2018, the title ‘Cheese Pizza with Oregano‘. The story (at https://lawlordtobe.com/2018/06/02/cheese-pizza-with-oregano/) looks at the finance situation that the big 4 face. With Brexit 7 weeks away that premise is becoming a lot more important. You see the big 4 (including the UK) had a lot of debt, now the issues for the UK do not dwindle, yet the other three are in a less savoury position. As sources gave us then we see: “Spain will have refinancing requirements that exceed €300 billion per annum before 2022. In 2018, 41.2 billion euro, in 2019, 82.4, in 2020 83.9 and in 2021 58.5 billion euro, with 60.4 billion maturing in 2022“, the second part is not Spain, it is Italy where we see: “4 billion euro maturities in 2018, 161 billion in 2019, 164 billion in 2020 and 172.5 billion euro in 2021“. Bloomberg (at https://www.bloomberg.com/opinion/articles/2019-08-29/conte-s-five-star-democrat-coalition-offers-italy-respite) gave us last week ‘Italy’s Unlikely Allies Offer a Brief Respite From Crisis‘, a brief respite is not a solution and there well over a quarter of a trillion Euro to refinance in Europe alone. Where is that coming from? You see Italy is merely one of three players that is in the deep waters, I have no numbers on Germany, yet Spain is in a similar place and whilst we thing that there is no issue, there is. Two nations represent an outstanding invoice totaling €250,000,000,000 due in three months and there is no real solution (as far as I can see it). Refinancing is fine by the banks; with the added interest these two nations will sign an addition burden of no less than €2,500,000,000 and optionally close to twice that amount. This implies that in the two nations every person adds between €24 and €50 to their debt (read: taxes) just to pay for the increased interest. You might not think this is a lot and over a year it seems little but EVERY person in Spain and Italy must pay it, no exceptions and it is merely to pay for the additional interest on the debt, not the debt itself and next year it will be about twice as much and with the outstanding debt still there (I am ignoring the debt of 2018), in 2019 people will have to pay between €75 and €150 each, young, old, it will not matter. So how large is the percentage of people that have to face this invoice and have no means to pay it? Those having to live below the current poverty line is clearly one of these groups and it is not a small group. We all are placed in denial of outstanding bills because the media seemingly ignores it. I gave warning to this in 2017, I reiterated it in 2018 and now the issue is on the doorstep, pushing it forward one more year will make it all come apart. It is the clear stage of deafness through silence. If we keep silent, it goes away. Well, there is some news for you. Anyone who ever faced a debt collector can tell you, it never goes away and that feeling of hardship can follow you up to a quarter of a century. And all this is negating the French situation. Germany is in a much better place, but when the recession hits it will deteriorate and in addition, Germany is seemingly tired of carrying the burden of irresponsible politicians. And when it comes to France, I personally wonder how much Credit Agricole gets to pocket this time around (perhaps you remember the Libor scandal). I agree that Credit Agricole was not alone in this, yet this time around Deutsche bank and Credit Suisse have additional problems and they are not in a position to get caught with their fingers in the cookie jar (or is that fingers in the cocky jar?)

the problem is that these people tend to not learn, in addition, the wealth tends to outrun the fine by a fair bit and that is where the problem lies, the issues of debt needed to have been negated harshly a lot sooner and these governments pushed it forward again and again and this now directly interacts with any additional stimulus, because Spain, Italy, France and Germany (Germany a lot less) will get to feel the pinch on both ends of the pliers, the Stimulus branch and the refinancing branch. The UK is not out of reach of it all, but as it is on the way out it cannot be held responsible for a lot of these upcoming cost and the remain group just does not realise how much money is added to the debt in that way. It was the biggest issue that mattered and it has arrived at the front door of the UK, The Brexit door avoids that issue that was part of the larger problem all along. And now 12 of the 27 nations are eager to say yes to whatever infusion they can manage also becomes a worry, as they now face a much larger share of that expense, so they are complaining as loud as possible.

Even now as we see the Coup D’état message of: ‘Brussels would reluctantly agree Brexit extension if rebel MPs succeed in preventing no-deal‘, and other messages of delay, the delay is essential for Europe because they decided to remain in denial of Brexit, for three years these EU people got fat wages and remained possum, so now we see a larger issue. What use is the EU when it cannot contain any control over the irresponsible spending of the ECB? What use is the EU when the players have shown an inability to get a proper budget? The problem is actually a lot larger. You see the next part is speculative and I cannot prove it, but bare (or bear) with me. It connects to the IMF Data produced for the year 2018. Now we can agree that there is always an interaction. There is expected positive and actual positive. My issue is that EVERY nation in the EU gained (actually except Turkey). All are gaining, now we can agree that most might have had a positive impact, yet when we look back at the news we see: “The weaker end to the year weighed on the economy’s performance in 2017 overall, with growth revised down from 1.8% to 1.7%” (the Guardian), “Britain’s economy slowed to a virtual standstill in the first three months of 2018” (the Guardian), “It felt as though the sector was losing its lifeblood this month as Brexit worries continued to claw away at confidence, new orders and business margins” (the Independent) all these bad news linking Brexit, all whilst the IMF data shows that nominal GDP numbers for the UK went up by 7%.

IMPORTANT

Now there are two important parts here. The first is that the metrics are not the same, yet the premise of one side claiming that there are losses, the positive is down, yet the year before the IMF showed that the UK GDP went down by 0.011% the numbers make no sense, we are thrown between different metrics and those different metrics do not reflect the battering news again and again. The people are being handled with data that is not reliable and that part is obvious not reported on. Just like the news three years ago that the IMF reported that UK austerity was a really bad idea, something that they had to retract later on. The second danger is that the GDP is a lot more complex, yet the premise that the UK economy is so bad, so less good and growing so much less so than before the Brexit ‘threat’ is not seen in a -0.011% versus a plus 7%. Even I agree that 7% is way too positive, but these are the reported numbers and they do not add up, not compared to the media and all the anti-Brexit reporting.

This comes to blows when we see the issues in the other large three European players. In addition, the setting ignores the fact that the medium economies (Netherlands, Belgium, and Sweden) had been doing a lot better. Their economies might be ‘too’ small, yet their good venture might reflect to Eastern Europe to a much larger degree. Merely agreeing with the big four is seemingly folly too.

Oh, and before I forget, we can now also consider the forceful removal of any politician in the European economic field if so desired. They can be fired without any legal repercussions at present. The EU enabled us to do that when they decided to label the no-deal Brexit as a major natural disaster. This works for the remain as well as the Brexit group as the ECB was the biggest flaw in all this. When the Coup D’état works in the UK, we can demand the immediate firing of Mario Draghi and his ECB associates (read: cronies). If the economy is seen as a natural disaster, those setting and prolonging the stage of a natural disaster are wielders of that natural disaster and as such should be pushed out of office without pay.

I wonder if they thought that through, I guess not. I hope I did not oversimplify matters here 😉

 

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Funny Money, Amusing Thickheads

There are two issues and they do not link, but they are supportive of one another. I made notice of this situation 5 months ago in my article (at https://lawlordtobe.com/2019/04/27/then-the-hard/) called ‘Then the hard‘, in the article I give “Now we get to the part where the €2.5 trillion mark matters, as the ECB is trying to find new ways to convince others that the continued provision of stimulus to the economy matters“, as I see it the stimulus protects banks, makes them more powerful, it allows for political stupidity, yet the economy has not been saved (not in the two attempts), it has not been jump started, and it has not been a positive impact for its citizens, merely the industrial executives and the rich CEO’s (OK, that was a more biased view from yours truly, the writer).

As Bloomberg gave us on Saturday (at https://www.bloomberg.com/news/articles/2019-08-31/more-ecb-officials-pile-into-stimulus-debate-as-economy-wilts) ‘More ECB Officials Pile Into Stimulus Debate as Economy Wilts‘, and when we see: “the ECB should keep all options on the table to reinvigorate inflation and growth, including a relaunch of quantitative easing“, it is at that point that the EU citizens are getting screwed (again), more debt (again) and no resolution because the ECB is about the gravy train and not about resolutions. Yes that same article gives opposing voices, yet I would not be surprised that (by a narrow margin) the stimulus people win. This is why Brexit was so important!

In the end the retirees get hammered for those debts, the ECB officials have too fat wallets to care. At this point the debts have surpassed €3,000,000,000,000 and it seems that the end is nowhere near, yet the stage of bankruptcy is there. Even at 0.1% (no debt interest is ever that low) implies that the interest is €3 billion a year. A payment that is way beyond the budgets of any of the EU nations, payment due every year whilst the bulk of them have overextended themselves with budgets that should have been shrunk by well over 5%, so pretty much all the EU nations are running an economic deficit whilst the Mario Draghi Posse is handing out more money, printed money, for a lack of a better term funny money.

What the ECB is not telling anyone that most stimulus options fall flat when the UK officially leaves the EU that is the despair there. Their options melt away when the UK is out and that is why everyone is suddenly in a panic, that is why we get these moronic acts and even UK Labour is all about remain now. And with that part we move to the second part of this.

Now we get to the Chief of Grief, the Duke of Fluke, the one and only real loser in history (as I personally see it) Jeremy Corbyn. When we see headlines like ‘No-deal Brexit: Jeremy Corbyn vows to ‘pull Britain back from the brink’‘, or ‘Final sovereignty on Brexit must rest with the people‘ we see the idiot he is. There was a referendum, there was a voice and Brexit won, the issues with the ECB shows us that we are a lot better outside then inside that mess. There is no brink of Brexit, there is an economic mess and we will enter a stage of recession, anyone telling you that it can be presented is lying to you, or they are wielding massive amounts of money, amounts that no one has. This has been shown by people more intelligent than me and by people with actual economic degrees; they all are on the ‘remain’ fence, merely because it butters their bread. It gets worse when we see that the Hysterical Remain groups that have become violent, abusive and out of control, more important, to a larger degree the media isn’t even covering it. How is that for balanced information?

I have heard one or two actual ‘remainers’ who made a really good case, yet in the end, they have no control over the ECB and the ECB is in Europe at present the great evil. What they claim is good for Europe is to a much larger extent merely good for big business. When we look at those companies leaving the UK, these are all companies hiding behind taxation options, or facilitating to really large players and to some degree that is fine, but the ECB forgot that the well over 150 million small business owners see nothing of any of that and more important, they will see the impact of the 3 trillion euro of debt that the ECB created, things are that much out of whack and I do not get why people accept the presented BS that people like Jeremy Corbyn have been presenting to the masses. I am aware and I also believe that Brexit had its own waves of BS presenters. I made up my own mind and for the most I was leaning towards Remain, Mark Carney (the Marky Mark of the British bank) and especially his speech to the House of Lords was the setting of that stage. Yet he too had one flaw (if you want to call it that), there was no controlling the ECB and they are out again making some lame excuse on the essential economic need for more stimulus, whilst we already know now that it will not save the economy and they are willing to wager another trillion euro and spend it up front.

These people are not held accountable in any way and I say: ‘Enough is enough!‘ The UK is better off by itself steering the economic waters as it had done for centuries. Oh, I almost forgot the second part on sovereignty, sovereignty does not rest with the people, it rests in Buckingham Palace with HRH Queen Elisabeth II. There was a referendum and the Brexit group with a little over 51% won. And to those people still in doubt, you only have yourself to blame with the mess you are creating. There were 46 million votes, representing a 72% group, so 28% did not even bother to vote! Those 13 million votes were invalid straight of the bat, with only 25,000 invalid or blank votes we see no real impact, it they were all remain voted it would not have mattered. When you consider all this and you see the hooligan masses being remain people, we see two parts, the first is that they are moronic (worthy of UK Labour), yet the larger issue is that a lot are in anger because they are not getting properly informed. Stories like: ‘UK government officials told the food industry that supplies of liquid egg could run out in a no-deal Brexit‘, yet the operative word is ‘could‘ we just do not know, and not knowing is adamant in a lot of this, yet the people have faced two years of fear mongering, all large consortiums that see a danger to their margins, not the margins of the shop, the margins to executives and their bonuses, and the people are eating the fear hook, line and sinker. There will be actual issues, but the foundation of all this is that this has never happened before and the EU and the ECB did this to themselves. We all forget how this started, this all started when Greece in 2009 had misrepresented itself and we saw issue after issue, debt after debt and the politicians that caused it merely walked away. Then we were told stories on how Greece might be evicted from the EU, the news was all over that yet the truth was that we were misled (or is that made Miss Led?) The Guardian (in 2015) gave us: “As Athens will be unable to satisfy its financial obligations after a default, many hardliners expect Greece to leave the Eurozone, and printing as much neo-drachma as necessary. Some see this as the only solution to the Greek crisis: it would allow Greece to devalue its new currency, supposedly making the country competitive and resulting in economic growth and the ability to repay its debt“, in addition we get: “while only article 50 of the EU treaty regulates how a state can leave the union. And a mechanism for leaving only the Eurozone or for expulsion even has not been provided for at all“, basically the stupidity of the EU was that they stated that every member will always be up front and do what must be done, which was deceptive in its own rights. So a group that is merely inclusive and under stringent rules can they leave, yet in addition other sources gave us that NO MEMBER can be expelled. This is called a Corporatocracy, not a democracy. Corporations decide on what happens and that is what we basically see at present. The problem here is that any Corporatocracy will limit its actions towards enablers and consumers; the rest is pretty much screwed. In a monarchy all citizens matter and the people do not seem to be able to grasp that, the UK (and the Netherlands, as well as Sweden, Belgium and so on are monarchies within a Corporatocracy and that is a very different setting, that stage can only be made profitable where debts are soaring and the banks not the government decide where you can be at, a situation we see all over Europe. this is not new, I did not invent it, other voices going back to 2014 say pretty much the same thing, I merely have a lot more data available at present. The media relies on advertisement money from any Corporatocracy, so you cannot expect them to actually inform you, it is a double edged blade and both sides are pointed at YOUR guts, it is that detrimental a situation.

So as Greece made a few issues clear in the wrong way, people like Nigel Farage went with the notion of ‘Better Out than in‘, I agree with him, yet I remained on the fence for the longest of times. It was the second ECB stimulus who would put us so much deeper in debt that got me across. The first stimulus was fine, it was an option and even as it did not work out, it gave Europe time, yet the second one the best we could hope for was time and that is where the problem started and now as stimulus 3 is on the table the setting is too unacceptable, the UK needs to get out and fast, deal or not.

Let’s not make a fairy tale, this will not be a nice time and things will get worse for a little while, anyone telling you different is lying to you. The issue is that with the ropes cut the EU cannot force debts on the UK to the degree it is doing now, more important the UK gets to make a few other choices and it will down the road (3-4 years) turn the economy in something stronger. It will result in an actual better quality of life over time, but it will not be immediate. This is why the ties and economic options with players like Huawei (5G), nations like Saudi Arabia (all kinds of goods) and a few other players become important (optionally India with generic medication). Anyone with the misguided notion that Human Rights are the optimal route better stay at home. If Human Rights were an actual power there would be no age discrimination, there would be actual better (and more) housing and there would be a better social security. All missing and mostly because in a Corporatocracy, corporations are largely tax exempt, exactly what we see today. In that stage we now see the rumblings, even as players like Google, Facebook, Amazon, Apple and others are all making noises on leaving, they do so at the risk of losing 69 million consumers. Facebook is truly global, so is Google to the largest extent, yet for Apple we get Huawei, ASUS and HP, Amazon leaving would give the people a slimmer HMV and optionally small businesses come back (my preferred solution), and even as corporations are shouting, screaming, streaming and threatening, they all realise that you cannot walk away from 69 million consumers. Not when they need to share the smaller EU pool with 3-4 competitors at every corner. That is the part we all forgot, consumer power is actually power and we listened to the likes of Jeremy Corbyn for far too long. To be honest, I never thought that it would be possible to be more dim than Nick Clegg (LIBDEMS), yet I was wrong, Jeremy Corbyn pulled it off nicely. I am not stating that Boris Johnson is without flaws (his barber being the obvious one). I am stating that the UK has been in a dangerous position for far too long and as long as the ECB does the way it does it, the danger stays, getting away from that danger is an immediate need at present.

 

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Change is coming

Well, actually change is always coming, some in the form we know, some innovative new and sometimes change is of a very different variety. We already knew that the Americans weren’t too bright when it comes to trade wars, and the one that is getting fuelled here is definitely a wrong one. Yet it is not about that trade war and it is not in the billions of impact that the war will have on consumers. There is a second war brewing. One that Europe and America were not ready for, one they did not prepare for. It is a new armistice race, they were not prepared because it is not the high technology they usually deal with, it came from the lower regions. Yet let that not underestimate the stage. Two players in that stage are Fabrique Nationale Herstal, established in 1889. Less than a 60 years later They would produce the FN FAL, a rifle used in over 90 countries, in that same year the final push was made for the FN MAG, use in over 80 countries. These weapons are even today lethal and can go up against the most modern side arms. One factory created two behemoth successes, merely two of dozens of weapons that are regarded as a top quality arms. Yet, it is not about FN Herstal. It is neither about the long term number one Heckler and Koch was founded after WW2 and soon became a success story in several fields surpassing FN Herstal, yet these two are not facing a new competitor. Both FN and HK face a rather troublesome future. You see, they are stopped by all these political Human rights laws and whilst we get the need for Human Rights, the people in there seem to have a view so altruistic that it also kills commerce.

Number three is delighted, SAMI, or in its full name the Saudi Arabian Military Industries, is about to equal and surpass in less than half the time that the previous two required to get established. All the data on patents, technology and deals with Boeing, Lockheed Martin, Raytheon and General Dynamics, as well as partnerships with Thales and CMI Defence opens new doors, doors the other two were barred from. SAMI is now in a position to surpass both and become bigger then the two earlier mentioned combined. In 2017 SAMI got Andreas Schwer (former boss of Rheinmetall AG) and the man has not been sitting still. At the same steps we see Neom growing, we see the mandate of SAMI to create 40,000 jobs by 2030 and it seems that SAMI is ahead of that curve too. With all the issues playing in Asia, Africa and Latin America SAMI has created the stage where they can outbid and surpass all expectations from the buying companies. It goes beyond the assembly of 150 Lockheed Martin Blackhawk helicopters. With the partnership with Navantia less than a year ago, we see the additional growth sectors in Latin America pop up, yes, it is all new, it is all change, but not the change you would hope for. We might see shunning of arms in America, but it remains a large export business, one that is now getting pushed to the side by the Saudi Arabian Military Industry, and it is not stopping. As the links with Navantia matures, we see the option to cater to the needs of coast guards on several national levels and these are not the small players. Some might have noticed the small mention of ‘Offshore Patrol Vessels Market 2024: New Business Opportunities for Manufactures to Upsurge in Coming Years‘, yet Navantia and therefor SAMI are in the thick of that part of the equation, growing faster than anyone took notice of. We might look towards the Dutch Damen, Australian Austal and Turkish Dearsan, yet they all have the same flaw ‘each player can deliver few numbers of OPV‘, Neom city changes that premise as it has a massive chunk of red sea at their disposal, basically SAMI has the option of building space well over 5 times the combined spaces that Damen, Spanish Navantia and Dearsan combined have. It changes the equation a fair bit. It sets a different market premise; it took slow growth of 130 years for FN Herstal to get where they are now. It takes SAMI 12-15 years to get that same stage, more important it seems that tall the contracts and memorandums out there gives SAMI a much larger option to grow and more important a lot more industry to bring home through export, another promise made by Crown Prince Mohammad Bin Salman Al Saud delivered in advance of the date he wanted it to be. CEO’s and goal driven executives all set in a stage to exceed expectations. It might be fuelled by oil, but more important it is fuelled to success whilst the EU is making more and more issues on exporting all kinds of goods and the US – China trade wars are not helping. In addition the news quotes like “Europe must develop a much stronger common approach to the new 5G technology to make itself less vulnerable to security risks“, which sounds nice, but I already saw two elements they overlooked and my IP pushed a solution, a solution they are not ready for and seemingly Google is less and less ready for making Huawei the only remaining player and Saudi Arabia has a lovely deal in place. You see, that premise of 5G with ‘to make itself less vulnerable to security risks‘ requires 5G to be firmly in place and whilst we see delay after delay Saudi Arabia keeps pushing communication and other solutions forward implying that they are setting a much larger stage creating new technologies for other regions and in that the other players forgot one interesting side effect. Any stage of armistice and war requires communications to be upgraded and Saudi Arabia can deliver that too. It is there where we see a larger change and a larger group of options for Saudi Arabia. Walid Abukhaled, CEO of global defense and aerospace corporation Northrop Grumman has created a stage that is approaching a global one all from the comfort of Riyadh, Saudi Arabia and whilst the rest is bickering over scraps of food form the European table we see an entire industry growing silently day by day to almost exponential proportions. An interesting part that can be verified on several levels and the news and the European media remain oblivious to that part.

The Arab News states that he ‘aims to export weapons‘, I believe that SAMI has progressed a lot further, as I see it they are almost ready to implement defense solutions on a global scale, and this includes defense systems to several nations that Europe refuses to talk to for whatever reason. This goes beyond what we see in the Arab News (at https://www.arabnews.com/node/1547956), it goes beyond ‘electronic warfare and cybersecurity‘; it goes beyond the mere operational stage, beyond the educational and implementation stage. Together with General Authority for Military Industries (GAMI) they have created a new wave on a much larger scale than we have seen before.

Good business is where you find it and it seems that Walid Abukhaled is currently finding it everywhere.

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When in doubt

It started 5 days ago when I wrote ‘Bitches on parade‘ (at https://lawlordtobe.com/2019/08/26/bitches-on-parade/). The premise from my point of view is that you cannot heckle a country based on a lack of evidence (read: CEO Jamie Dimon), so whilst he pulled out of the Saudi Conference, he was eager and willing to take a chunk of a $2,000,000,000,000 pie at the drop of a hat (any hat). The man has no principles when it comes to money, which is fine. Yet now the entire event is exploding in several directions as the Guardian (at https://www.theguardian.com/business/2019/aug/29/political-uncertainty-puts-london-listing-in-doubt-for-saudi-aramco) informs us that “state oil company may rule out the London Stock Exchange amid Britain’s rising political uncertainty“, in one word brilliant! Two years of whining and lack of decision is not about to hit the British MP field in a massive way. It gets to be even better when we consider the impact for the EU as a larger field, the current favourite according to insiders will be the Japan’s Tokyo stock exchange. If that happens, I get to smile whilst a whole range of bonuses will not arrive with Wall Street, the ECB or London (I am least happy about London missing out). There is a price, there is a cost to doing business and it seems that this week Saudi Arabia is making the tally to that event.

And now we see that the field changes. With quote: “Saudi energy minister, Khalid al-Falih, reignited plans for the float earlier this summer after announcing that officials were working to list the company within the next two years. Aramco announced earlier this month, in its first investor call, that it is ready for the listing whenever its shareholders agreed market conditions were “optimal”” It is here that we need to see the profit, the sudden option for Tokyo, who was not in the race at all also implies the added risk that Tokyo says ‘yes’ (read: Hai!) too eager giving the Saudi Aramco executives a much larger bonus than they expected, making the wave on the market gives rise that there will be two waves and these executives get to enjoy the windfall of both waves. I reckon that Lürssen Yachts (optionally Damen Yachts and CRN) will get to look forward to at least 5 additional commissions for yachts over 90 meters before the end of the year.

There is a much larger issue; it is not merely who gets what, and where we buy in. Bloomberg gave us on Thursday: “It’s been a good week for those seeking to pare bets on a market that brokers including Morgan Stanley say has become too expensive, given weakening fundamentals. MSCI on Tuesday wrapped up the second phase of including Saudi shares in its developing nations index, prompting billions of dollars in inflows from passive funds. Some active managers took advantage of the increased liquidity to reduce their holdings“, there is no way for me to comment on the issue as stocks are not my trade EVER! Yet consider the quote ‘brokers including Morgan Stanley say has become too expensive‘, yet they too are rallying to get their fingers on Aramco. Business is hard and I am fine with the directness that the market needs to be. Yet Aramco is different, everyone wants in and as such Saudi Arabia gets to elect the offerings and as such some players are about to enter the new field, they are optionally becoming the next Ricky Fuld, who was the only person not offered a deal in 2008 whilst the others got one. I am not sure on how to see that, The Wall Street Journal gives us ‘Branded a Villain, Lehman’s Dick Fuld Chases Redemption‘, these people walked away with massive amounts whilst almost one in two households got foreclosed in the end, that is a massive amount of anger to deal with and I personally believe that the Saudi’s will do business with everyone, just a certain group of people will have to be willing to cut their margins by a fair bit. Certain actions have impact and will have a considerable impact of the option to do business, Saudi Arabia could afford to wait, of those people had only decided to wait factual evidence, that would have been nice, not?

I believe that their hypocrisy on Jamal Khashoggi now has a price (to some degree); in addition the economic turmoil gives Saudi Arabia the option to select the host, who will gain a lot. I never considered Japan before today on this, but the choice makes sense.

We could go with the option: ‘When in doubt select the ally that seems more sincere‘ or we can go with ‘Be careful who you wake up with presented and insincere morals‘ I reckon that Wall Street and Especially the ECB need to learn from the second option. No matter how things unfold, pretty much everyone will be keeping 100% attention on the Tokyo exchange, something that has not happened in a long time and Aramco made it happen. And all whilst this is going on, the UK is still in all kinds of childish banter, especially by opposition parties. So when we get the Jeremy Corbyn quote “avoiding a No Deal Brexit” my (absolutely less than diplomatic) response would be “If you weren’t such a stupid dick, you could have done something 2 years ago, but you all played the ‘it will blow over’ tactic ignoring the democracy when they majority decided to Brexit!“, and now the mess is becoming even larger as London lost the option for hosting the Aramco deal. We even see Dutch issues with: “Dutch Foreign Minister Stephen Blok said on Thursday that “serious talks” on Brexit had taken place in Brussels this week, but warned the two sides “are not there yet” on a deal“, there was never going to be a deal, all delays were set to try and overthrow Brexit, now you see that there will be a much larger impact and there will be trade deals in the end no company will walk away from the option to tap into a 69 million consumer base.

That was a clear setting from the very beginning, anyone ignoring that part is delusional. Let’s not forget that the need to exceed shareholder expectations also automatically imply that the EU customer base representing half a billion people also means that 13.5% of them will not ever be shunned, someone else will walk in and take over.

For some, the entire Aramco was icing on the cake and now that this falls away and falls away from Europe also means that the EU will have several grim numbers to report in January 2020, plenty of people are already scared whit less and ready to retire as soon as the October 2019 numbers are released.

When in doubt, never trust Status Quo to actually remain. It is the deadliest of traps and it just sprung.

 

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Sign of the Times

There are issues we see and at times issues we ignore. It is not because we want to be indifferent; it is because until it lands on our doorstep (quite literally) we remain ignorant of the actual size of the condition. The LA Times is giving us two parts in this. The second will come a little later as the page was not working correctly, yet the first part is given with ‘Seniors facing eviction fear homelessness and isolation as California’s housing crisis rolls on‘. It is not a local issue, it is a global issue and for the most, the inaction by governments imply that they remain in denial on just how big the issue is.

The premise “It also helped that even as the surrounding neighbourhood gentrified, rent control held his rent below $400. But three months ago, a real estate investor purchased the complex and soon told all tenants to leave. Suddenly, Canel faced the prospect of having to find a new home in a market where nearby studios rent for more than his monthly Social Security benefits — his sole means of support” is not a unique one. It is the direct result of ‘trying’ to attract large businesses. Just ask anyone renting in San Francisco on the Google pressures they face (similar from LinkedIn, Apple and a few others swimming in that pond).

And it seems that Los Angeles got a decent deal with: “Households with at least one person 62 or older made up 26% of no-fault evictions in Los Angeles city rent-controlled buildings between June 2014 and May 2019, according to the Los Angeles Housing and Community Investment Department“, In places like Sydney Australia or London United Kingdom the mess is a lot worse and it is not getting better any day soon. The article (at https://www.latimes.com/business/story/2019-08-28/senior-housing-crisis-impact) gives us a lot more. The feeling you get with: “the average price for a vacant apartment in L.A. County is nearly 40% higher than it was in 2012, at $2,329 a month, according to Zillow” implies that the shift to work until the day you die is no longer a fabrication; it is the direct impact of the cost of living. To give the Australian example, I looked into an apartment. The pictures might not give the whole story, but the impact is visible. The area has a safety score of 2 out of 10, yet the rest of the information is lacking and missing, which is odd to say the least. We see so many stats option, yet they are there merely mimicking distraction. It seems that the NSW government does not like to hand out too much negative information. As I arrived the police was dealing with (another) dead person. It seemed to be drug related, but there is no clarity or reliability on that.

As the images imply it is a studio apartment with separate bathroom and separate kitchen (kitchen not added here). It is on the ground floor with merely one of three without protected bard on the windows, all the flats around that place have them, not that location. A serious kick would remove the door if they are unwilling to go via the window. I was standing in the two opposite corners implying that the living space is less than 4 meters long and almost 3 meters wide, so it is around 12 square meters; the inner doors were removed, so the kitchen and bathroom were all open. If the doors are added, usable space for the living room decreases by over 1 square meter twice over. More important, if you add a one person bed, a table and a chair, the available space is pretty much gone, even more important, it seems unlikely that a TV and a computer will fit; there will be no space for a sofa, entertaining guests is out of the question. Neither the bathroom nor the kitchen will fit a washing machine, so laundry will need to be done by hand. The kitchen was actually decent sized, yet there is a lack of storage there too and with one corner requiring the fridge (there was space for that) we will have to just eat in the living room, which is what most people do anyway. The door for the bathroom was missing and the frame implies it opens outwards, forcing the bed to be right in front of the window. The bathroom is luxurious in size compared to all other parts or this place, yet no space for a washing machine here either. The shelves on the right are the only shelf space I saw in this ‘apartment’, implying the need for a cupboard for clothes, but where to place it, there was no space left. Yet Housing NSW sees this as a very acceptable unit for one person. I think I have to disagree with that. Pricing was not an issue, the price was decently amazing for this dog shed, compared to what else I saw the price was right, but who is willing to live in a dog shed even if the price is right?

The place is away from most options and conveniences and that is not the big issue, not if the place was more secure and larger, the living unit needed to be 50%-100% larger and have space for a washing machine (in either kitchen or bathroom). I believe that only prisons are smaller and whoever comes out of prison might find it acceptable, which is until that person starts yearning for a washing machine to keep clothes clean when that happens all bets are off.

I know that there are perfectly decent places to get, but they are rare, really rare. Only last Monday did we see: ‘Homelessness in NSW reaches ‘crisis point’‘, the problem is that political Sydney has been catering (read: sucking up) to big corporations for too long, there has not been one clear action, not one clear activity to actually achieve anything regarding social housing or affordable housing in general. In this article (at https://probonoaustralia.com.au/news/2019/08/homelessness-in-nsw-reaches-crisis-point/)

We see: “To break the cycle of homelessness we need the [New South Wales] and federal governments to fund more social and affordable housing in the inner city“, as well as “A recent City of Sydney street count found while the number of people sleeping rough fell from 278 in August last year to 254, the use of temporary accommodation rose by 16.8 per cent“. Both are debatable on a few levels. In the first, the housing issue is far beyond the inner city, even when we take out a few high end suburbs (like Kiribilly and Bondi), the bulk of all suburbs have a large lack of affordable housing. the lack has been clearly seen in the inner city, inner west, eastern suburbs, northern suburbs, northern shores, Chatswood, St. Leonards, Woolloomooloo, Kings Cross, Edgecliff, and this list goes on for close to a dozen suburbs more, all lacking, all failing. The second larger failing is that it only seems that rough sleeping fell, the homeless support systems are now all in a stage where they are not allowed to offer sleeping places for more than a year, all that whilst everyone knows that the waiting list on NSW housing is 6 or more years. Even as we accept “The NSW government has invested around $1 billion in funding for homelessness services over the past four years” that number becomes highly debatable when we nit-pick through that list and see where all the money had gone to. In this when we look at the statement by NSW Communities Minister Gareth Ward “Since 2017, our assertive outreach teams have helped house more than 450 people previously sleeping rough on inner city streets” we need to add a little dimensionality, 450 people in two years comes down to less than 19 a month. Now, I am happy for those 19 people, yet if the house I showed is all they get, they are still in a bad place, missing doors, essential options and some level of security. This is not on Gareth Ward. This is on a much larger Australian parliament failing its residents and citizens. Yet that government has been catering to players like CBRE Residential Projects, with a dozen projects, according to their search engine options below $700K (not that affordable, yet there are no prices given, not anywhere. So when you look https://www.cbresi.com.au/, wonder what you can afford. Because as I stated, these places usually are not given a price and only after you give all YOUR details will someone optionally get in touch with you. so if buying a place is what you need consider that at a max of $500K, most real estate places will give ‘We couldn’t find anything that quite matches your search‘, when you seek rental in Sydney and you are able to afford $300 per week (which is way above senior budget, the most likely response from the system is ‘*****THIS IS FOR A CARSPACE ONLY******‘, so a dog shed is all you can hope for (at best).

Whilst rentals in a place only slightly bigger than the one I visited started at $345 a week, implying that the old given “Economists say you shouldn’t spend more than 30% of your earnings on rental costs” is a bloody joke, many are in a stage where they spend 50% or more on rental, some even is high as 75%-85%, that number shows just how delusional some housing economists are, the numbers they rely on have been outdated for well over a decade, even in my good days is was already on 40% of income for rental, and when it comes to food 10% is a massive difference on any budget.

Housing issues is a sign of the times, it is not a mystery, it is a given, what is also a given is that many governments needed to do a lot more well over a decade ago and it was all pushed forward in some empty scheme to let realtors pay for it all, something that was never ever going to happen. It is a large population. In the Netherlands the housing shortage is dangerously close to 1% of its population, In Sweden is was given that 80% of all municipalities faced a housing shortage (not just the big cities), what is interesting is that I saw the dream house in Sweden (in a smaller town) that was the size of a villa (with 4 bedrooms) and went at the price of €40,000, which is truly unbelievable. So sad I missed out, it actually was on a hill and looked out over Långsjön Lake, the fact that I missed out on that palace still makes me sad 15 years later.

The fact is not merely the entire housing issue, when you combine housing issues and age discrimination, the entire matter becomes a lot worse and more pressing, but not to worry, at least 5 governments remain in denial of age discrimination as well, so it is all a nice and compact package ruled by short sighted people (seemingly the trademark of many politicians).

 

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Dimensionality

There is growing unrest and growing movement. People are changing and relocating. It is all about Brexit. We see the news; we see the blips and the funny quotes. This week the funny moment was a Scottish girl who would not accept the outcome of the Brexit referendum, because this was a democracy. OK, we all have moments and that was a golden one, no doubt about it. I am pro Brexit, not because it is a great idea, but because the ECB did not leave us an option. The irresponsible spending by Mario Draghi with his stimulus got the EU €3,000,000,000,000 in additional debt with no hope of resolving it within several decades. Now with another recession on the horizon, the EU member states will learn the hard way what a recession does when there are no checks, balances or reserves available so this time around it will strong to the largest degree.

Yet, that is not what this is about. We see part of the issue (at https://www.euronews.com/2019/08/26/nearly-100-companies-move-to-netherlands-ahead-of-brexit-dutch-agency) where “Nearly 100 companies have relocated from Britain to the Netherlands or set up offices there to be within the European Union due to the United Kingdom’s planned departure from the bloc, a Dutch government agency said on Monday” It is a move that might seem nice, but there is a hidden trap in all this. These players are shifting to a nation (whichever nation), and whilst they think that setting up shop in the EU with its 513 million people was a good idea, that number still includes the UK and after the switch they are vying with other competitors for 444 million customers, whilst they left the 69 million people they already had. Germany has 82 million, France, Spain and Italy have less than the UK as population, implying that they are a smaller pond to fish in. The issue is not that they are all part of one EU, they are well over 20 member states, all with their own little local laws and that is what these people forgot. They walked away from 69 million UK consumers and now others can grow in their place.

This is not always the case, but yes, to the largest extent, these 100 companies have moved house leaving opportunity to others. Would you remain a customer of (example) Lloyds insurance when you have to connect to the Netherlands for your insurance? When the ‘main office’ gets involved all little quirks come out. We saw it in the past and we will see it in the future. A large block of people will vacate and seek local representation that is how people work. And it all sounds nice to have the new office in Amsterdam, but that market is pretty saturated and even if it was not, The Dutch have their own language, things will take a beating and those vacating British shores will face impact and reduced clientele, as well as diminished exposure and opportunity.

Feel free to remain in denial, just remember, you yourself are your own best example. For the bulk a lot will seem the same, you get your Netflix, you get your amazon and you get from Google what you need. These are true global players. Your services will alter, your goods will be localised and your financial needs will be locally catered. That was the path everyone ignored, it was the path that would always impact. Listening to European politicians was never a good idea and these players will face that certainty soon enough.

When we look at the quote: “The businesses are in finance, information technology, media, advertising, life sciences and health, the NFIA said” you think you have a good deal, but do you? Finance? Banks are local, mortgage tends to remain local and a whole host of options was always available globally, that never changed and those trying to skim more lucrative deals will soon learn that others will vie for the 69 million Brits needing services and they will adhere to local markets. IT, that will not change, it is an import market and moving out of the UK was never going to be a larger issue, yet losing a 13.5% market to other players is never a good idea. Those who relocated against those who opened another office for the time being are going to see things very differently soon enough and once these 100 companies see that the shift out of the EU will start to pay off much better in years 3 and 4 for the UK. At that point the momentum in the plus will start stronger and that results in better investments and stronger needs for these 69 million consumers. The problem is that once out of the UK these players will find it much harder to get deals done as there is no local representation. It will be a lot more expensive to get and retain British customers. The lessons learned the hard way 35 years earlier will rear its ugly head once more.

More important, the additional Stimulus cannot be pushed onto the UK so the other member states will have to pays for that, taking the UK out of the decision stream allowed for that change and now a large chunk of that €3,000,000,000,000 is now all on the other players (mostly Germany, France and Italy) and they will not like that one bit.

Yes, I acknowledge that there are some situations that have an optional advantage, but the larger extend falls away as those people are truly global and moving out of the UK merely implies that 13.5% of the total EU customer base is now not on their income path, it needs to be an alternative path with jumps, kicks, levels and springs. It lowers their revenue margin giving them additional worry down the road to please their shareholders and that is beside the point that they lost out on 13.5% of the entire EU market.

Now that the Queen has accepted the plan to suspend parliament, we see outrage, at this point a lot of 11th hour plans for people to make some Bremain move are no longer an option, now the panic sets in and those who have not made a clear investigation on the opportunity that Brexit offers will run and jump the ship, only to learn that they forgot they needed swimming lessons to make it to another shore. So as we consider UK’s largest Joke (Jeremy Corbyn) with “Suspending Parliament is not acceptable, it is not on. What the prime minister is doing is a smash and grab on our democracy to force through a no deal“, to him the message is simple and rather clear: “You had three years to find a solution as the people had elected to Brexit. The childish games, long winded speeches and inconsiderate choices will now cost you dearly” , my personal response is even more apt when we consider the Sun with “Jeremy Corbyn ‘plots coalition of chaos’ as he softens terms for Remainer pact to block No Deal Brexit. Jeremy Corbyn is leading pro-Remain talks with opposition parties to block a No Deal Brexit” only two days ago. As I personally see it, it was a childish attempt to stop Brexit from happening. The math is actually simple. The got nowhere in three years, that means that they are incapable of getting anything done, or they merely wanted to stare Brexit to death, neither option was acceptable and it is time for everyone to accept the stupidity of UK Labour. In all this the EU has acted like a petulant child for the longest time and now that Brexit, optional no-deal Brexit becomes a fact the larger players will have figured out that 69 million consumers are important. The people who vacated the UK whilst nothing was a given have given up their jobs to others, others who will now feel the caress of having some decent money. It is not a great place, but a better place and as the economy takes off as unemployment levels drops with a larger skip, the math of deficit also changes to the favour of the UK coffers. there are more impacts, not all positive, but to a larger extent the UK will have a stronger position in year two and it only reinforces the options for years three and four, making larger waves in decimating debts whilst the EU will get a truckload of additional debts soon thereafter.

It was always about dimensionality and those who could see past the simple top line that he media was hiding behind. The status for the UK will not change overnight, but it will change for the better soon enough and once those running rats (a ships reference) figure that out that they changed a passenger liner for a sinking barge, at that point will we see an interesting demonstration in entertainment and long winded speech wankers (for lack of a better term).

In my view, there is one small additional truth, Jeremy Corbyn might become the Caretaker PM, but merely a ‘Catetaker Pro Mortuarium’, a cemetery where he left the cadavers of his own short sighted stupidity and good luck to him weeding out those graves, it will be a full time task. I wonder how many large corporations are willing to stand behind Jeremy Corbyn whilst we know that those players are only in it to extent the status quo of their required greed. Who could ever support that stage when they can clearly see all the players and what they really care for?

 

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