Category Archives: Politics

April 17, 2023 · 22:23

Dimension of oversimplification

This all started a few days go when I initially saw the article (at https://www.cbc.ca/news/business/toronto-pearson-airport-delays-1.6534360) where we are given ‘Toronto’s Pearson airport has a PR problem: It’s known as the worst airport in the world’ the article was one that had been around since October 2022, as such I reckon they wanted to pour salt on the wound. I am more of a solution kind of man, I wanna find out what the target makes it tick. Yet in the heart of the matter for any service set location, it tends to boil down to two elements. Resources and funding. The heart of the matter always boils down to these two, there tends to be no alternative. As such when it comes down to an airport, especially an essential one like the one for a village the size of Toronto, things did not make much sense to me. So lets take a look at the article.

“Disgruntled travellers passing through Pearson are posting about their bad experiences on social media, complaining about long line-ups, flight disruptions and missing baggage.” There are three items on this list line-ups, flight disruptions and missing baggage. The flight disruptions are put aside. Flight disruptions can have all kinds of reasons and none of them need to be the airport (not a given). But the other two are, as such I focus on them.

Luggage on the left
Yes, we all see luggage as a massive number one issue and besides my encounter with British Airways in 1998, I never had an issue with it. That is one issue in 25 years and the delay was send to my front door 12 hours later, as such not really an issue. But so many complaints tends to be noticed and there is a simple path The path is from plane to pickup point. Something does not add up for this many complaints to come to the surface. So when did Pearson makes its last assessment? There are logistical elements and manpower elements. The logistical is the hardware moving luggage from point one to point you and that consists of trolleys and runways. The trolleys are man operated and the runways are automated, but something in these two elements is not aligned. The people have managers and the runways have optional tag readers. Something here does not work properly and that is how I see this oversimplified in mere minutes. And this is not rocket science. The setting of plane to destination point with a suitcase has a few simple elements. So what aren’t they seeing? 

The simplest of reasons could be seen by trying to set a report from students from the University of Toronto to create a business Intelligence report on how to improve this path and how toe create rollback points. This took less than 10 minutes, the report might take a few weeks, but the score of this airport hasn’t changed in a while and the title ‘Toronto’s Pearson Airport is a special circle of hell. The worst airport experience ever’ should have been looked at some time ago. So was the first element funding or resources? Optionally a mix of both, so why do we look at this now, what has Deborah Ale Flint flint done? She was the big wig for almost 3 years now. Is it manpower, IT, hardware failures, something does not add up and this title needs addressing.

Lining up towards tomorrow
This tends to be resources, either manpower or check in points (which might be funding). When was it last looked at? How many check points are there and how many passengers do they deal with? Then there is the side setting that lineups are from departure and arrival, the departure points are the airlines problem, the arrival is customs and passport check. I am more interested in arrivals as they are on the airport. Are there enough arrival points? One source gives me that there are over 1000 daily departures from the Toronto airport and there is daily service to more than 180 destinations across 6 continents. 1000 flights implies up to 300,000 people every day. This gets us to 12,500 an hour. As such you need to process over 200 a minute. This implies 15-24 passport gates, are they there? How many gates are there to process passports? Then there is the IT and logistics and making sure that 20 are operational gates at pressure times is a minimum. So is this funding or resources? It is not directly a given, but it is either the gates or the people, people is funding (and availability), the other one is funding. How many gates are there and how long have they been there? Is the IT properly working, are the scanners up to date? All simple questions and I saw this in minutes. I am not an authority, but in my time I travelled by air 26 weeks a year, as such I have seen my share of airports and for the most I never had an issue, some waiting time in Heathrow, but a place that big, some waiting time is to be expected and still I got through it in mere minutes. So why is Pearson an issue?

Both could have been driven to the surface with BI students at the University of Toronto. I saw that in minutes and I cannot say what they will find, yet I believe it is enough to give Pearson Airport the ability to shed the title ‘The worst airport experience ever’ which is a really bad achievement to have. So whilst we mull over “The airport’s troubles have also been featured in major international publications this month, including The New York Times, The Wall Street Journal, and the BBC.” What was actually done to address the issue? I never saw the articles and I do not have to, they tend to be emotional driven and it is facts that we need to look at. Any BI analyst knows this, the numbers speak and they tend to push the ugly parts to the surface. 

Perhaps I am oversimplifying the matter, but something needs to be done, I believe I pushed that element to the surface, in case people were blind for the obvious. The idea that the worst airport is a Commonwealth one offends me, that is something we leave to the Yanks at best, or a Russian or Asian airport we do not care for, the idea that Pakistan has better airports than Canada, should also appeal to the dark side of Canadian pride, but that might be merely me, as I said, oversimplification gets people mad and that results in actions.

Have a nice flight (or day).

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April 16, 2023 · 23:21

Ripping apart international needs

There are a few things happening. In the first thee is Dutch politician Hoekstra trying to make Energy agreements with Saudi Arabia, but do not fear, there is every chance that extremist Edwin Wagensveld has been able to stop this effort, lets face it, the Netherlands is so small, they do not need any energy agreements. You see, one source gives us “An official statement said the suspect, 54, who resided in Germany, tore up the Quran in front of the Dutch parliament in The Hague on Jan. 22, while saying things such as: “The Quran is a fascist book. Just as bad as (Hitler’s biography) Mein Kampf. Its followers are pursuing the same ideology as Hitler.”” All whilst CNN gives that news in Bahasa (CNN Indonesia) and it seems that CNN has decided that this news does not matter, so over the last 4 hours no English version of this news was given to us. So what makes the western news this unreliable? And this is not the first setting, there was Sweden before this and now we see the stage where Edwin Wagensveld is making headway in separating options away from nations through religious discrimination. Their movement PEGIDA (Patriotic Europeans Against the Islamisation of the West) has been around for almost a decade and they will not learn. The people are sick and tired of paedophilic Catholic clergy, they are sick and tired of being lied to and being shoved fake values and norms through their throat. More and more are considering Islam as a worthy pursuit. When you consider that Christianity is at 2.382 billion and Islam is now at 1.907 billion. Yet these numbers shift further when we consider that Neo-Paganism is making its way back and that might be slow, the Nordic people have had enough of Christianity. No matter how that slices, the Christian values are seen as unacceptable and the anti-Islamic parties like PEGIDA are a joke, bullying with discrimination, whilst more and more into the realm of starting their own extreme version of Christianity which should never be seen as one. And the Dutch government? Well the quote “Dutch police granted an extreme anti-Islam extremist permission to tear the Quran without burning it, but he tore it and defiled it with protection from them, and later burned it.” Is saying something. A German is telling the Dutch where it is at (a WW2 reference). And I reckon that the Saudi Government is in a state where it might tell the Dutch politician where it is going unless people like Edwin Wagensveld are dealt with. This is not new. The Islamic population have THEIR rules on the image of Muhammed, the Quran and this is not new, this has been around for centuries. And in a stage where Christianity is declining all over the planet, the extremists are trying to stop the turn by inciting hate. And after the non-caring bosses all over the planet, they have had enough and they are seeking a better and more truthful way of life. Is it Islam? I cannot tell, but the information comes more and more clear that Christianity is not the way and that is a massive turn since the turn of the century. The people have been lied to since 1095 when Pope Urban II was waving the Vatican sceptre. They remained mostly silent during WW2 and after that the numbers went from bad to worse, you only need to see the film Spotlight (2010) and check their numbers to see how bad it got. 

But in the end, this EU needs to reassess the laws they are pushing. Now that Religious discrimination against Islam and the state of Israel keeps on growing, the laws are no longer acceptable. So consider “Saudi Minister of Energy Abdulaziz bin Salman and Dutch Foreign Minister Wopke Hoekstra met to discuss the possibility of making the port of Rotterdam the gateway for clean hydrogen exports from Saudi Arabia to Europe” Rotterdam is the best solution, but with the events around the Quran and with at least three ports that could be the considered destination, what do you think that an Islamic nation will chose? It is a serious question, because I do not have the answer. I do not have the answer, especially as the bulk of the Western Media decided not to report on it, as such those protecting the Quran will have to consider where THEIR faith will get the most respect and it could be that in the end the Hydrogen deal could go to France or Belgium before it goes to the Netherlands. It is a valid way to rip apart international needs. It starts with holding both sides in equal respect and people like Edwin Wagensveld are making sure that this does not happen, so what happens to people like that who consistently revert to religious discrimination? Aren’t there EU laws in place to stop that? And if not, why not? 

Simple questions to see you through the day.

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April 13, 2023 · 04:17

The song remains the same

Yes, that is the setting we hear at times. We think that we are hearing something different, but when we listen closely, it is merely the same song we are hearing and this concert is all about ‘Oil in the family’ (at https://www.youtube.com/watch?v=w5vrWeHvErQ) yes, the song actually exists and it was created by Jan Akkerman (Dutch musician) a long time ago.

Yet the news comes from different sides. There is Arab News (at https://www.arabnews.com/node/2285261/saudi-arabia) who gives us ‘Saudi crown prince and US Senator Lindsey Graham discuss bilateral ties’, wasn’t he one of these people who would not discuss things whilst his Royal Highness Mohammed bin Salman Al Saud was in office? I remember something of that nature. So whilst we see “Graham, a member of the Republican party, has served as a senator since 2002. His visit was said to reflect a continuation of Saudi-US bilateral ties and reciprocal visits through the years” make no mistake, this was about restoring lost oil settings, it has the ability to set the stage I saw yesterday (previous article) I dreamt of. I reckon the Iranian setting would be raised as well. A setting that defines the coming end of the United States as the middle eastern power player is now in discussion and for the US it sucks, the ally they shorthanded for too long now has the US (as some younglings state) by the short and hairy and the US does not like that. They will do almost whatever they can to restore settings, but they are as I personally see it too late. There is every change they can restore 500K barrels a day, but they will pay for that, they will have to pay top dollar and the energy shortages head of them will make them pay. Oil rules the world at present as it has the last few decades. So whilst they mull over their options lets take a short sidestep The US and its people were all (including media) so set on letting Jack Dorsey pass by and hammer Elon Musk, his power-cell solution could have lessened the impact of oil in energy for a massive amount three years ago, now there isn’t enough times and they keep on hammering Elon Musk. Now, this is their western ‘right’ but it also largely enables oil and therefor Saudi Arabia (Aramco). 

ABC4 news (at https://abcnews4.com//senator-lindsay-graham-meets-with-crown-prince-of-saudi-arabia-mohammad-bin-salman-jeddah-international-relations-boeing-airline-money-wach) gives us ‘Sen. Lindsay Graham meets with Crown Prince of Saudi Arabia’ with the added “I just had a very productive, candid meeting with the Saudi Crown Prince and his senior leadership team. The opportunity to enhance the U.S.-Saudi relationship is real and the reforms going on in Saudi Arabia are equally real”, with the added “I also expressed deep appreciation to the Kingdom for purchasing $37 billion worth of Boeing 787s – which are made in South Carolina – for the new Saudi airline. Investments like this are game changers” all whilst the topic oil is never mentioned and mostly because that part was handled behind closed doors. Iran is avoided as the US needs the lollipop named Oil (most likely a liquorice lollipop). The more it is avoided, the stronger it pushes to the foreground. Just like the 1981 song that rocked disco’s all over Europe. A good song can never be held down, just ask Mozart, the man is dead and requiem (1791) still shines on. No matter whether it is for you of for someone you know, that song remains a hit in every funeral parlour. Last there is Politico (at https://www.politico.com/story/2018/12/04/graham-senate-rebuke-saudi-arabia-1041379) that gives us ‘Graham on Senate rebuke of Saudi Arabia: ‘Someone’s got to do it’’ there we see “Sen. Lindsey Graham on Monday championed the Senate’s willingness to publicly rebuke the Saudi Arabian government despite the White House’s unwillingness to do the same, slamming the Gulf monarchy and calling out Secretary of State Mike Pompeo by name for accusing senators of grandstanding on the issue” there we see the larger problem and it is not that the White Houses unwillingness to do something, it is that they and others remain in denial. And guess what if the energy crises goes south and places like Google, Microsoft, IBM and Amazon see the impact of losing around 70% of the abilities during summer to do business because there isn’t enough energy to keep the equipment running, that is when the economic meltdown starts and panic hits several states. I think my early prediction of 90 days is right on the nose. At that point the US sees waves of panic it never faced before and China will be on the sidelines laughing. Their game worked perfectly. In my assessment (a purely personal one) action trumps inaction EVERY SINGLE TIME and that is what we see, and that is not nearly the end of it. Politico also hands us “the president, secretary of State and secretary of Defense have all said there is no definitive proof that the Saudi crown prince ordered Khashoggi killed. Multiple media outlets have reported that U.S. intelligence agencies have “high confidence” that the crown prince ordered the journalist’s murder.” The takeaway here is “there is no definitive proof”, something I mentioned several times, the gameplay via the United Nations (via someone called Eggy Calamari), its essay writer is falling flat and that goes back to February 2021  (at https://lawlordtobe.com/2021/02/27/that-was-easy/), more than two years ago, I already saw the failings of a United Nations being the useless tool of whomever. I even attached the document that shows their failings. It is so much easier to attach their folly, makes reading it easier. I don’t think the most powerful element that NO ONE investigated and forensically investigated the tape, there is mention of the tape, but when you read closely you see it surrounds things as ‘possible’ and ‘could’ the effect of forensic lacks. So this game was continued for over two years and that is what the US needs to claw back and they can not. 

Then the article ends with “Responding to Pompeo’s insistence that Congress breaking with the administration over Yemen would undermine the possibility for peaceful resolution there, Graham retorted in his op-ed that Congress is “a coequal branch of government exercising leadership to safeguard the country’s long-term interests, values and reputation.”” This shows that the US is still all about the discord, the denial and that is why the US is about to fail massively. The media played along and now they are caught between two difficult situations, because when they lose the energy and they cannot produce they will cry like the little girls they were all along. And there we see the final part of what I stated in the beginning, the song remains the same.

Have a great days and consider whatever you can upgrade to systems that rely on chargers, because soon enough for many hours a day, you will not have any options. The wealthier people will embrace the Elon Musk energy solution, but it will cost them top dollar. The others (like me) we will not be that fortunate, it is the consequence of an inactive political engine on a near global level. 

Enjoy the day and the working lightbulbs (for now).

 

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April 11, 2023 · 13:01

It’s a point of view

This happens all the time, we all have a point of view and others have their point of view and they do not completely align. There is no right versus wrong issue, or there could be, but there is every chance that some views are based on three points. Consider a rectangle or a square, they both have points A,B,C and D, but we only see three of them, and with three you can tell whether it is a square or a rectangle, you merely miss one point and base your view on the other three points. It does not matter which point is missing, you get a decent view, but someone who sees A,B and D will draw slightly different conclusions than someone who has B,C and D. Neither is wrong, but they do not complete align because the events that surround these 4 points are different. This is how I see it and as such I took great interest in the Australian Financial Review (at https://www.afr.com/companies/energy/opec-s-gamble-can-the-global-economy-cope-with-higher-oil-prices-20230410-p5cz7f) where we see ‘OPEC’s gamble: can the global economy cope with higher oil prices?’, so whatever you see next, whatever difference I have, I am not dismissing THEIR view. I like their view, I might not completely agree, but they will have another point plotted towards their view. 

And we start with “the risks for the Saudis and the global economy are high if they push it too far. “We have high inflation, economies potentially going into recession, and this is a situation where you need lower oil prices for a short period of time for the economy to recover,” says Adi Imsirovic at the Oxford Institute for Energy Studies (OIES), who once ran oil trading at Russia’s Gazprom.” It is not the first part of the story but it matters. You see, the UK, EU and US are in the metropolitan areas a mobile workforce. Adi Imsirovic can cry for chap oil all he likes, but the setting of ‘lower oil prices’ all you like, but people have been playing that tune for too long and NO ONE is looking at Brent oil on this. You all became a import commodity economy and that comes at a price, especially when you piss off the exporters. In the UK take a look at the laughable CAAT, they were all crying and not to mention Just stop oil group. Now you see the impact of higher oil prices and the players did this to themselves. You cannot push around an ally (Saudi Arabia) and then demand cheap oil, a commodity supplier who can close their own supply valve. 

This also impacts “Abdulaziz also managed to confound those speculators who had bet on falling oil prices after the recent banking crisis sparked new fears about the global economy.” In a stage I warned for for well over two years, the term “confound those speculators who had bet on falling oil prices” is a joke (and a bd one at that). You see, this danger was out there for some time and betting? That is what you do in Las Vegas where the odds are wild and when the US and EU (UK too) decided to make the odds wilder by insulting their proclaimed ally the writing of higher oil prices and less oil was on the wall. And all this was BEFORE China saw its path clear to give the bird to the USA (that gesture with the finger). As such Saudi energy minister Abdulaziz bin Salman did exactly what was required for the good of the Kingdom of Saudi Arabia, it might not reflect on the needs of the cheap oil deliverers, but they could go cry at the fountain of Brent oil but the media does not report on that, Brent Crude (operating on behalf of ExxonMobil and Royal Dutch Shell) might be ‘too big’ for the media. Yet I have not seen anything regarding Darren Woods and Wael Sawan regarding dropping oil prices. Why is that? We see all the fingers towards Saud Arabia, yet Shell beat profit expectations towards $40 billion and ExxonMobile  beat it with $56 billion. And both broke expectations above 150%, as such I have issues with the entire OPEC setting. And when it comes to ‘lower oil prices’ who bet on this on Brent Crude lowering them? I am willing to set whatever I have at present ($0.70) that the amount of gamblers will add up to ZERO. Which makes me $25.2 (not enough for my new apartment). 

So when we get to “Now the question is if OPEC’s surprise cut will raise prices too quickly for the health of a fragile global economy, especially as central bankers continue their quest to tame inflation” no one is looking at the one element EVERYONE is ignoring. Inflation is also tamed buy banks having their donkeys on a row and with Credit Suisse and a few American banks we can say that this is not the case. So when we consider last week revelation by the BBC ‘Swiss probe into UBS takeover of Credit Suisse’ as well as the news only 2 hours ago that there is something brewing with the Viva Energy deal at $1.15 billion, I reckon that inflation issues are a lot larger than merely through oil and it is time that banks are properly looked at, because they are the so called power players in any inflation deal and no one is stopping certain players. Why is that? And when you consider the larger station, no one is acknowledging that commodities are at the power of the supplier and pissing off one of the biggest suppliers whist you shun two others for whatever decent reason (Iran and Russia), you need to reconsider the stupidity of any action against the third player who basically has had enough and now that China sees a larger playing field, they will take that option, especially if they can do it for a few Yuan more. That too is missing from the equation. That gives us a new discussion or consideration. So here is the new setting, it is not whether we were looking at a square or a rectangle, but we were looking at three points of an octagon/polygon. We were seeing the points correctly, but the stage was not properly marked and that makes neither wrong, it makes us both incomplete and consider that I am a mere blogger without a economics degree and the other player is the Australian Financial Review (and many other newspapers), who has the better excuse for not seeing the whole field? Consider that for a moment and consider the people pointing fingers at Saudi Arabia, why are they pointing there and not in other directions as well. In all this I believe that they have the proper reasons, can the same be said for Brent Crude? I will let you decide.

Enjoy the day.

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April 9, 2023 · 11:44

Presentations of what exactly?

That is where my mind is at today. This is not some setting of she said…she said. This is not one against the other, this is about what is real and what is mediated fake. There is a gap there that is as wide as the Grand Canyon, but the media is intent on making that gap seem like a little bump, something that can be discussed, even if they have made no headway in over two decades. 

To see this, we need to look at two sources. The first source is the Middle East monitor (at https://www.middleeastmonitor.com/20230408-cia-chief-visits-saudi-arabia-to-express-frustration-about-iran-rapprochement/) 

Source 1
Here we are given ‘CIA chief visits Saudi Arabia to express frustration about Iran rapprochement’ with the text “Burns told Saudi Crown Prince Mohammed bin Salman that the US felt “blindsided” by Riyadh’s rapprochement with Iran and Syria – Washington’s global rivals – according to the Wall Street Journal, citing sources familiar with the matter. It cited a US official who said Burns discussed cooperation on intelligence and counterterrorism with Saudi officials.”

This is followed by my personal view

“Bill Burns, in my personal view you achieved fuck all, in two decades Iran was able to push, your governments actions had no impact and over the last three years we saw Iran successfully smuggle weapons and gear to Houthi Terrorists. The media (with a little push) ignored the presentations of Colonel Turki Al-Maliki. Your organisation ignored facts, your organisation drowned voices and all for the good of the United States at the expense of everything. It is also a personal view that the CIA has been acting to achieve maximum destabilisation so that the USA had the big presentation to be the solution to everything Middle East based. How long did you think that you could continue that path?”

I believe now and have always been of the mind that Saudi Arabia needs to do what is best for its country and its citizens. On a side note ‘rapprochement’ means “an establishment or resumption of harmonious relations”, which is presently not the case and might take some time to get to that level. So as we are given “The United States and Saudi Arabia for decades have cooperated closely on counter-terrorism and other intelligence matters” I have a few other issues, it is my personal belief that the US merely wants to know everything that they can (which makes sense) and they are doing it at the cost of everything and anyone. In this we can point at the case of the alleged thief and alleged traitor Saad bin Khalid Al Jabri. So how are they working together whilst Saad bin Khalid Al Jabri controls a CIA portfolio of a lot of money. So how close is the USA working with Saudi Arabia? It is merely a question, but the numbers are starting to add up and now that Saudi Arabia has decided to lower the oil deliveries by a million barrels, the US economy is starting to hurt really bad in America. It will not be visible for at least 60-90 days, but by the summer the US will be in deep waters and they need a solution, their inactions are going to be the cause of their own downfall. 

Source 2
The second source is Reuters (at https://www.reuters.com/world/cias-burns-reaffirmed-intelligence-cooperation-saudi-arabia-visit-us-official-2023-04-06/) where we see ‘CIA’s Burns reaffirmed intelligence cooperation on Saudi Arabia visit – US official’ we get to see here “The United States and Saudi Arabia for decades have cooperated closely on counterterrorism and other intelligence matters” the rest could be seen as bland bla bla. 

The US is now in a larger stage of being pushed out of the Middle East. I made references to this for at least a year, first failed strategies, then the failed actions regarding Yemen and now the economy will falter. The options for the US are now falling away faster and faster and they did it to themselves.

Saudi Arabia must do what is best for its nation and its citizens and the events we saw in the last 5 years give rise to the fact that the USA is no longer the best option. And whilst we lay blame (not me), consider the actions of the last 5 years including the UN essay writer. Consider what WAS real and what might have been, and we were given what might have been too often and now that China has been successfully courting Saudi Arabia other issues will come. Iran is considering a new stage where it cannot fight Saudi Arabia AND Israel. It is therefor in a stage to make islamic choices towards Saudi Arabia and that allows for Iran to focus on Israel. It does not sound good for Houthi terrorists, but that is life. And now the US will lose a lot more than they counted on and the damage is getting worse, a lot worse. Their arms industry is losing grounds to China, which implies that that well is drying up faster than a saucer of water in the Rub’ Al Khali. What happens next is anyones guess but as I personally see it, the US policies have failed and now they need to rectify largely or be cast out of the region, on the upside, the US can still cater to Tel Aviv and whatever space they have.

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April 8, 2023 · 00:07

It has holes

There are a number of issues with banks, the latest one is the one I left alone initially. It was the Credit Suisse – UBS issue. 

The initial issue are the holes, like a Swiss cheese, it has holes. In the cheese it is accepted as it is part of the process. But with banks? How many holes can we allow for? Now, the ice is thin here. I am not an economist and I am no banking person, So what do I know? Well, I know infrastructures going back to my Intelligence days, I have seen companies getting gobbled up and in some cases for all the wrong reasons, you see those parts were on paper pleasing, but the reality of it was that reality bites and that is when you feel like a Japanese guy gobbling up a live fish. That is seemingly OK, until the fish eaten is a piranha and it starts eating you from the inside out.

So lets get back to the first article (at https://www.bbc.com/news/business-65177258) where we see ‘Credit Suisse investors angrily confront bank as chairman says sorry’. There we see Ulrich Korner in some stage of apathy. He reminded me of a Dutch political comic in one of their newspapers (a long time ago) where we see “When we get to item 4, it would be best if at least one of the board members start crying”. It felt like a farce, a joke for the stockholders who are about to lose a lot more than they bargained for. The text the BBC gives us is “The loss-making bank had already been struggling for a number of years after a series of scandals, compliance problems and bad financial bets. Mr Lehmann told investors at the Annual General Meeting that management had a plan to turn things around but had been “thwarted” by fears prompted by the collapse of Silicon Valley Bank in the US.” I personally feel like this is misdirection. I personally believe that the US bond issues are stretched on several fronts and as I wrote in previous articles, how did Credit Suisse stock up on the Basel III front? What was the safety gap? It is my personally belief that there was close to none (or at least a lot too little), and now Credit Suisse will be removed and their banks will hoist the UBS logo soon enough, especially with the scandals and bad bets that were made. 

Yet that same day, the Irish times (at https://www.irishtimes.com/business/financial-services/2023/04/05/ubs-chair-says-credit-suisse-integration-will-take-up-to-four-years/) shows us ‘UBS chair says Credit Suisse integration will take up to four years’ that is for banking in these volatile times a massive risk to take and it is not taken lightly, as such I believe that people like Janet Yellen would have been on the phone with a few people. When the American bonds go, the US economy will go and I reckon they will take the Japanese and EU economy into the abyss with them. It is a personal view and I have nothing to prove it with, but the weak response from the media implies that these sources got told to play it cool or face consequences. It is a speculation, but when we take the view I had in the past on Shareholders and stake holders, I belief that I am decently correct and it is a personal view after all.

The Irish Times also gives us “Even with downside protection in the form of government support, there’s a “huge amount of risk in integrating these businesses,” Mr Kelleher, who is from Cork, said in prepared remarks for the bank’s annual general meeting on Wednesday.” The setting is that UBS is getting the bank for three billion Swiss francs. One source tells us “How much a company is worth is typically represented by its market capitalisation, or the current stock price multiplied by the number of shares outstanding. Credit Suisse Group net worth as of April 06, 2023 is $2.76B.” When we see other sources we get “Total assets CHF 531 billion and Total equity CHF 45 billion” this was last year and they have a little over 50,000 staff. I reckon that the bosses there are working on their resume and I would suggest the word ‘scandal’ is written correctly, because involvement in sandal does not go over well in the financial sector. And when you see these numbers, it is all sold for 3 billion? And we see no serious questions from any media. 

So what is left of the assets? What are the bond numbers and total value per nation of bonds acquired. There is no insight of that. Just like the meltdown of 2008 no one is to blame and the US is fixing the carper so that it can hide more dirty laundry. So how long until the people realise that their economy is largely based on an empty egg shell? 

The Irish Times also gives us “Shareholders will receive one UBS share for every 22.48 Credit Suisse shares held” this implies a mere 4.44% of value return for the shareholders, yes their value goes up butt this level of saturation is an issue and I reckon that more banks will follow at some point. Banks will become bad investment for the tax write off and the shareholders will lose out. Don’t get me wrong, I have no real sympathy for them, this is the outcome of shares and stocks. Sometimes you lose. But we need to look back to 2012. In the Netherlands we saw ‘SNS Reaal mulls bad bank for property operations’ (source: Reuters), it was their too big to fail operation and the people were not happy, it was a setting of real estate that was just beyond believe and now we get a similar setting but now it is not real estate, it is banks that are the bad investments and how many of them are holding bonds? The fact that the media never properly investigated this implies that I am a lot closer to the truth than even I am happy about. 

And the last part is giving us ““I understand that not all stakeholders of UBS and Credit Suisse are pleased with this approach,” Mr Kelleher said. “However, all parties, and in particular the Swiss authorities, considered this solution the best of all available options.” – Bloomberg” yes that sounds good, but I have a list (and that is just the Credit Suisse naughty list).

US tax fraud conspiracy, 2014, 2023
Malaysia Development Berhad scandal, 2015
Mozambique secret loans scandal, 2017
US Foreign Corrupt Practices Act violation, 2018
Climate controversy, 2018
Espionage scandal, 2019 (debatable issue)
Greensill Capital, 2021
Archegos Capital, 2021
Forex manipulations conviction, 2021
Drug money laundering scandal, 2022
Suisse secrets leak, 2022 (debatable issue, I still believe it was an NSA activity)
Russian oligarch loans documents destruction after invasion of Ukraine, 2022
Social media rumours, 2022 (debatable)

So 10 issues and 3 debatable issues, but the debatable issues do leave a mess at the front door of Credit Suisse. In all this Credit Suisse is walking around without clean hands, and the hands must always be clean. So does that warrant a CHF 550 billion downgrade? I honestly d not know and there is debate on some of these sources. I get that there will be differences in sources, but this much? This does not make sense, but it makes a lot more sense when we consider where the priority of Janet Yellen is and it is not the bank, it is the USA. Taking her away from the issues and letting it all be phrased by Bloomberg is not acceptable, not in the least. As Baby Herman states “This all smells like yesterday’s diapers”

As I personally see it, this bank issue has holes like we see in Swiss Cheese. 

Have a great day!

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April 4, 2023 · 09:07

Weird Wall Writing

Yes, that is what it amounts to and it is making me giddy. The BBC (at https://www.bbc.com/news/business-65157555, a mere 8 hours ago) gives us ‘Oil prices surge after surprise move to cut output’. Why is it making me giddy? Well that is simple. On March 29th I wrote ‘The snooze that does not wake’ (at https://lawlordtobe.com/2023/03/29/the-snooze-that-does-not-wake/). Then there was ‘Oil in the family’ on November 23rd (at https://lawlordtobe.com/2022/11/23/oil-in-the-family/) where I stated “Its games are now backfiring, should oil deliveries decrease by as little as an additional 1 million barrels US economy could implode with all the nightmares and trimmings that come with that.” The messages go on and on and it goes well before ‘Two Issues in play’ which I wrote in November 2018 (at https://lawlordtobe.com/2018/11/20/two-issues-in-play/). As such I have ben pointing to this danger for 5 years, but people all around me were shouting that I was mad, that this would never happen. Now the BBC gives us “the US has been calling for producers to increase output in order to push energy prices lower. A spokesperson for the US National Security Council said: “We don’t think cuts are advisable at this moment given market uncertainty – and we’ve made that clear.”” Oh, and how many oil farms does that person have? The US played the commodity war for decades and it has been to their favour for too long, now that idiots playing with the government credit card increasing debt after debt, the commodities that they do not own become an anchor. Oh, and that being said. How much oil did Brent keep on American soil to keep the price down? Last I heard 89% is exported. So before you scream, look at ALL the facts. So when I see “This surprise announcement is significant for several reasons.” Was it really? I warned for this danger for years, the last warning was a year ago and I reckon that the 1 million barrels a day will go to China. A stage everyone disregarded. So whilst we all cry against these mean mean Arabs, consider that America has been playing this game for favours for decades, now that the tables are turned it is suddenly a problem?

The second laugh I got from “Yael Selfin, chief economist at KPMG, warned that the oil price surge could make the battle to bring down inflation harder. However, she said that rising oil prices won’t necessarily lead to higher household energy bills.” Hah! Tell me another one, I got a bridge for sale, nice view on the Sydney Opera house. Yes, the price hike will not be immediate, but there will be a price hike, I feel very certain about that. Consider that 1,000,000 barrels a day might not seem massive, but there is already a shortage, as such the hike will come no later than 90 days for now (which is a personal speculation).  

Here the writing was on the wall and Aramco (as well as Saudi Arabia) might have had enough of the false friend naming by the US (EU too), this is their response, it is one that China has been looking forward to, I reckon Russia as well. 

And here endeth the lesson today. However I have another surprise coming up. After all these clowns shouting at me, I will make another IP Public Domain within the next 24 hours. I will show you just what Apple, Google and others missed out on and it seems nice for Tiffany (and Co) to see the impact of public domain, this time it is on Augmented Reality. Have a great day.

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April 4, 2023 · 00:27

Repetition

You would think that the Germans would learn. They were stupid during WW1, then again WW2 and now they decided to openly support Russia. Do people never learn? To be honest, I am not sure that it is ALL germans are that stupid, but it is the party of Scholz, the Social Democratic Party of German (SDP). And to see this we need to look at a timeline. 

The tweet above woke me up, something was bothering me about this. And yes, there it was. It was in 2022 when politico gave us (at https://www.politico.eu/article/we-failed-germany-depended-on-russia-social-democrat-said/) ‘‘We failed’ on Russia: Top German Social Democrat offers mea culpa’, clearly it was a mere spin, their actions will support my view that they are merely the pro-Putin spin puppets of Europe. There we are given “Germany’s ruling Social Democratic Party (SPD) “failed” to see Russia’s aggressive intentions, bargained away trust by ignoring warnings from Eastern Europe and manoeuvred Germany into dangerous energy dependency, the party’s co-chief acknowledged Tuesday”, well this isn’t nearly the end and the media is avoiding all this, why is that? We are also given “The self-critical words are also a break from Scholz, who last week self-confidently claimed that he “always” knew about Russian President Vladimir Putin’s intentions to use energy as a weapon; and Merkel, who has claimed that she did nothing wrong with her Russia policies.” Well, Merkel is up for debate, but that needs to be done by someone with a much stronger sense of German politics than I have. You see, this stage preluded the setting we see in the Deutsche Welle (https://www.dw.com/en/why-german-chancellor-olaf-scholz-is-hesitant-about-delivering-battle-tanks-to-ukraine/a-64493249), we are given ‘Why Germany hesitates on sending battle tanks to Ukraine’, but there is a time line now and this message that we get in January 2023 gives us the setting. The German SDP is the spin chihuahua of the Russian machine and it is time that all parties acknowledge that. There is no “Pressure is growing on Germany to send Leopard 2 battle tanks to Ukraine. Chancellor Scholz doesn’t want to commit just yet, partly because he’s playing to his party, the Social Democrats.” There was no SDP, this was to stop the pressure getting upped against Russia and that is what was at stake. The Russian tanks are already demolished enough as it were and the Leopards would make slim work out of the mechanised infantry that Russia has. So when we see “In reference to Scholz’s now-famous Zeitenwende speech condemning Russia’s invasion of Ukraine last February, Klingbeil said the party needed to answer fundamental questions: “What does this historic shift mean from a Social Democratic perspective? How do we define our relationship with Russia, China, and the United States? How does a self-confident and sovereign Europe define itself, and what is Germany’s role in this rapidly changing world?”” Well as I personally see it, I am reminded of The Munich Agreement,  concluded on September 30th 1938, by Nazi Germany. You remember the photograph of Chamberlain getting out of his plane? The quote “Peace in our time”? How did that end? I mean you all got history lessons in primary school did you not? 

We see a time line where the SDP is nothing more than a puppet of Russia and the latest BS peace (bad) idea where Ukraine losses their lands was rejected by Oleksii Makeiev in the strongest way, there never was a peace plan, it was the SDP doing what Russia could not, they are losing and it reminds me of something I saw a few months ago “Ukraine is supported to make the war go on, not supported to win the war”, I was skeptical when I saw it, now months later when I see the evolution in the media, and the media is willing to not report on the timeline gives a rather nasty reality, the media is set against complete reporting, exploit the emotional moments and not do their jobs. Feel free to investigate. Feel free to explore the timeline 2022-2023. Russia has support in the media and it shows how redundant the media has become. As I see it, after the news we have seen over the last year alone. There is no relationship with Russia, only the delusional see that there is a relationship. There is merely adherence to the Russian machine ad the media is willing to collect every digital dollar they can to cater to both sides. 

How sickening Europe has become.

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April 3, 2023 · 00:48

I’ll buy that for a Yuan

It is a little unlike I stated things earlier, yet Al Jazeera (at https://www.aljazeera.com/program/counting-the-cost/2023/4/1/can-russia-and-china-succeed-in-dethroning-the-dollar) gives us ‘Can Russia and China succeed in dethroning the dollar?’ I cannot agree, because personally I believe that any partnership there will be facing an united front to dethrone that idea. Yet I made notions to some degree that there would be coming a new world order, America is exiting the stage on the right and with the debts they have it is game over for them. If only they had taken my warning 25 years ago and overhauled their tax system. I personally hoped that the new world order would include the Commonwealth (I am commonwealthian after all). Here, in Al Jazeera we see more but not the names. In some sources I saw a list of countries. Yet I personally believe that this list is most likely to include China, Saudi Arabia, India and personally I would include the Commonwealth, not merely the UK. And the issue is that China could pull this off, the US and EU are too weak, they are all hot air and they aren’t getting the job dome, they are both too deep into debt and the EU is dragging half a dozen members along who are slowing them down, they all want a slice of the pie and aren’t contributing enough. 

Yet in my view, I never considered dousing the dollar (perhaps my folly), and with oil being the ignored requirement Saudi Arabia becomes a required ally for that new order. India with its consumer base of one point four billion cannot be ignored either, that and the case that they have the ability to fill IT infrastructure needs nearly everywhere. There might be one or two other players China needs, but they will feel that inviting the Commonwealth might do the trick, as Canada in the west and Australia in the east will settle issues the assassination triangle will be filled. You know, I wrote about it. Segregation, Isolation, Assassination. America segregated itself with silly settings of free speech (Karen’s anyone? Proud boys and that list goes on), now they are one step away from becoming irrelevant and obsolete, if only they had acted these last to years. We saw someone start an insurrection, claiming to take the nation back. This act is now 2 years old and still the people behind it all are walking the streets free with in the end a porn star ‘saving’ America. That time is now showing to be their downfall, inactions from too many sides is hurting them bad and all along China kept moving slowly step by step and now that China has infrastructure and defence deals their goals are almost met. The wet merely grinds towards a halt through inactivity. The news is all around us and the media is carefully ignoring a lot of it. The benefit of stake holders I speculate.

I warned of parts of this well before 2019, well before covid and now that timeline is nearing completion. That all sounds nice, but am I correct? That would be a fair question, but consider that the larger deals out there involve China and Saudi Arabia, who of them has the US dollar? I am not saying this is essential, and as long as there is an alternative, these two might seek the alternative. And consider the two refineries that are commencing the build, where will the oil come from? Exactly, from Saudi Arabia and the peace process that China instigated will give them even more oil, we might shout loudly, but in the end, the US gave us the expression that was hanging around too many necks. Money talks and bullshit walks. And now others are telling the US to keep on walking.

I merely hope that this new order will exclude Russia (who is now presiding over the Security Council) and it will include the Commonwealth. Now consider that the United Nation Security Council (UNSC) has been around since 1945 and we are given “The Security Council’s five permanent members, below, have the power to veto any substantive resolution; this allows a permanent member to block adoption of a resolution, but not to prevent or end debate.” Now consider that NO ONE seemingly had the idea to remove the veto right of any permanent member who instigates a war for the duration of that war? For some reason that never dawned on any of them and the 5 members (China, United Kingdom, Russia, France and the United States) merely accepted that setting? How is that working out for them now?

The United States is now massively boxed in and to a much larger degree it is all due to their own inactions. As such there is every chance that the mediocre 5G technologies will soon see a lot more of Huawei, because they have been fully rolled out in China and Saudi Arabia, who had until recently (I didn’t recheck the numbers) a 5G network that is 700% faster than the US, how is that adding up to your view of a technology first nation? To be behind Saudi Arabia, South Korea and Canada? Al Jazeera raised a point that most were happily willing to bury anywhere, but I believe it is slightly too late for that. 

Enjoy the day and for your consideration there is a Canadian 16 year old blasting a whole range of records and she set at least two new world records. According to CBC, she is nowhere near done yet.

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March 29, 2023 · 00:44

The snooze that does not wake

It started some time ago, but the recollection that The Conversation gave me was enough. I saw the message around 05:00, as such I needed some time to recollect the information. But we get to that in a moment. The Conversation (at https://theconversation.com/as-longterm-partnership-with-us-fades-saudi-arabia-seeks-to-diversify-its-diplomacy-and-recent-deals-with-china-iran-and-russia-fit-this-strategy-202211) gives us ‘Saudi Arabia seeks to diversify its diplomacy – and recent deals with China, Iran and Russia fit this strategy’ It sounds simple enough, but it is not. You see, the story gives more than one quote that is important. I prefer to focus on “Riyadh and other Gulf capitals as leaders began to question U.S. credibility as a reliable regional partner” that was the gemstone not the only one, but this one matters. You see, you cannot deny allies the needs they have and then make demands from them as an ally. Like cheap oil. Saudi Arabia wanted to grow its national defence systems and America said, well,  one part said yes and then congress said no, America said no. So now we take a small trip. A trip to ‘The Persian Gulf match’ (at https://lawlordtobe.com/2019/06/06/the-persian-gulf-match/) which I wrote on the 6th of June 2019, almost 4 years ago. There I wrote “The actions of the American US Congress have shown that what they regard as being an ally is not what an ally is; it is not even what a wannabe ally would consider to be. As such apart from your advancement in technology and infrastructure a much larger foundation for your national defence is seemingly essential in the immediate future. The shown delays that the European Union have shown to be regarding Iran, Turkey and terrorist organisations like Hezbollah give rise to the essential need of China to become part of that solution.” It was part of a concept letter addressed to the Saudi Royal family. I wrote this almost 4 years ago and now we see this coming to fruition. Saudi Arabia is on the verge of buying a renewal of military goods from China, not the EU and not the US, setting their coffers back close to 20 billion. And now the stakes are increasing.

This is seen when Reuters informs us that Saudi Arabia is agreeing to build a new petrochemical refinery in China. The stage is that the two refineries will be able to process over 500,000 barrels a day. The fine print is not known, but I am willing to make a serious bet that China will soon get its hands on 500,000 barrels a day extra and I feel certain that this will come off the allotted amount for the EU and the US. I warned several times of this danger between 2019 and 2023, look it up, it is done in clear print (at www.lawlordtobe.com). I did not see the refineries in that mix, but for some strange reason Crown Prince Mohammed bin Salman Al Saud will not tell me what goes on in the Kingdom of Saudi Arabia, what a surprise. But the larger stage is now taking shape. First the defence industry, then other enhancements and now the reduction of oil towards the west. That was the danger stage we all faced since 2019, and US congress and other Americans wanted to play egomaniac, they were the strength of the world. Guess what, you need money to pull that off and America only has debts, which now is about $30,000,000,000,000 and there is no way back. That stopped a year ago when America forfeited billions in revenue and that list is merely increasing. Now that China has a firm grip on opportunities all over the Middle East their goal is merely increasing. And I tried to warn people of this, I tried to warn the UK to step in or lose it all and as the Typhoon didn’t make the Saudi choice, I reckon they are missing out too.

The setting is “U.S. credibility as a reliable regional partner” that is what President Biden needs to resolve and he needs to resolve it now, any opposition from Congress and the problem merely grows and accelerates. That was what I saw in 2019, that is what is happening now. A stage clearly foreseen and ignored by the US windbags. To be honest I had hoped to serve Saudi Arabia in some capacity and optionally score 3.75% commission, which does not seem much, but over a billion it is still $37 million and if the work is for more than a billion, that bonus merely increases and assures me of a nice retirement parachute. 

So how long until that refinery is build? How long until we get hit by the small print that well over 500,000 barrels of oil a day will go to China? I honestly do not know, but I reckon that this news gets heralded when the refinery is around 95% complete. The timeline? I cannot tell, can you?

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