Yup that happens as well, sometimes the news agencies are right on top of something (in this case the Canadians) and we heard it before. That doesn’t make it not news in Canada, but when the same failings happen, it becomes a little less applauding. For this we need to take a look at the BBC (at https://www.bbc.co.uk/news/world-us-canada-65969970) where we are given ‘Facebook and Instagram to restrict news access in Canada’ a setting that happened in Australia in 2021, yet here too the setting is slightly irritating. You see, News agencies USE Meta to advocate their brand, They advertise. As such we might see (see images below) choices of what news they offer. For example the Daily Mail
We get a forced login at times with a paywall (like the New York Times)
This is called advertising. So not only are they advertising on Facebook (or Meta), they now demand fees for their own advertising? How lame is that? In the defence of Canada, none of the Canadian news outlets have done this Montreal Gazette, CBC to name but a few. BBC and the Guardian do not employ those tactics either. But there are too many who do and if one is set to scrutiny, it must be demanded that these news outlets either vacate Meta completely (and do so until an agreement is reached) or they offer that news freely, which is fine by me. Yet I think that they are not on board for option two. In case of the Daily Mail you get taken to a different screen with all the advertisement that they offer, which is fair enough, especially as they do not invoke a paywall that many do. In the age of digital awareness newspapers become more trivial and less of a credible news source, which adds to the equation as I personally see it.
So when we see another imploding gas tank in a field with someone humming the music of Titanic (by James Horner) consider that this is soon to become the quality news we can expect from some sources.
The article also gives us ““A legislative framework that compels us to pay for links or content that we do not post, and which are not the reason the vast majority of people use our platforms, is neither sustainable nor workable,” a Meta spokesperson told Reuters.” A stage which I have to agree with, it is not what some Canadian news outlets were hoping for, but that is what it is, and it bites in several cases, but the stage was never workable and that is the truth of the matter. We see journalists (and wannabe’s) being fired left right and center, yet the message is not that they did the wrong thing, their bosses leached on a digital platform they never properly understood and the money went nowhere and definitely not into their pockets. Some people will wonder what now. I think just like the Yellow pages lost their appeal plenty of others are on that same boat and evolution tends to do that (I am happy is solved it in other ways).
Will certain things happen? They all will, it is a shifting timeline and it will come to everyones doorstep. As world powers collapse (which is inevitable) the media will suddenly be confronted with a new line of demarcation and there they have no say in the matter. This is starting right now and some will chose to diversify (preferably before they fire their journalists) and new grounds will open to those who can see the new fronts (and news fronts), but I give you one clear message. Those who have been screaming ‘Jamal Khashoggi’ on every turn they had are pretty much done for. A personal vision, but I feel that I am getting that one correctly.
Yup, I just went there (not for real though). I saw the headline and my mind pulled that internal question mark and on the first page, there it was, the name of that tool and her anti Saudi mindset Stephanie Kirchgaessner. There we are given ‘US Senate asks governor of Saudi wealth fund to testify over LIV-PGA merger’, which could be fair. It is after all (for the most) an American thing. What I wonder is why the Senate wasn’t all over this before the merger. The question beckons “Why is this on the plate of the US Senate”? There might be a very valid reasoning, but I am not seeing it at present. I reckon that with all the Karen’s, the destruction of the Florida economy by its own governor the Senate has a few other things on their minds, but OK, as I said. It could be valid. So then we get the byline “Invitation raises possibility Yasir al-Rumayyan could be questioned under oath about execution of Jamal Khashoggi”. Why?
In the first, that columnist no one gives a hoot about, was he involved with golf or the PGA? Was Yasir al-Rumayyan in any way involved with that missing columnist? Let’s not forget a real issue. Jamal Khashoggi is at present missing, presumed dead. There was never any bod, there was never any evidence on the things the media gives us all and essay from that UN person Calamari was as shoddy as it gets, the paper shows if anything that we are dealing with a missing person.
Was Yasir al-Rumayyan ever involved with anything, was he at any time around October 2018 in Constantinople (now known as Istanbul)?
So then we get some relevant stuff. With ““Our goal is to uncover the facts about what went into the PGA Tour’s deal with the Saudi Public Investment Fund and what the Saudi takeover means for the future of this cherished American institution and our national interest,” Blumenthal said.” I cannot disagree, but at what time were the board members of the PGA in the US Senate explaining why they sold it in the first place? Of course, one look at News outlet Golf Australia gives us “PGA Tour Commissioner Jay Monahan, Saudi Arabia’s Public Investment Fund (PIF) Governor Yasir Al-Rumayyan, and LIV Golf CEO Norman have been asked to appear at a meeting on July 11 to examine the shock merger.” Kirchgaesner hid that part in the smallest mentions lasting two small lines with the mention ‘were also invited’, can’t she ever do a proper job? The entire article is about boasting “Americans deserve to know what the structure and governance of this new entity will be” which is a laughable setting as most American do not give one hoot about Golf. I think their interest faded when David Leadbetter fell out of sight. Then we are given “While the focus of the hearing will undoubtedly be centered on golf, Rumayyan could also face questions about his role at the PIF and his relationship with the Saudi crown prince, Mohammed bin Salman, who is the chairman of the PIF”, as such this seems like another witch-hunt and unless laws were broken there is absolutely no valid reason why a person like Yasir Al-Rumayyan should sacrifice any lunch or afternoon tea to cater to some stupid witch-hunt. If they want a real witch-hunt, go after Governor DeSantis who basically ruined the Florida economy and lost them billions in jobs and revenue to boot.
And as we look at the proposed activity, which was co signed by Ron Johnson, will we get any chance to ask questions to Ron Johnson on five simple issues like carving out a $215 million tax loophole for just three of his billionaire backers who spent over $20 million to re-elect him; A corporate tax handout that he admitted he and his wealthy donors benefitted from; blocking an investigation into one of his Big Pharma donors, then voted against lowering prescription drug costs; using taxpayer money to fly to his beachfront mansion in Florida; and a simple matter on how his net wealth doubled during his time in the Senate, it apparently was not enough for him (according to sources). Yet as was stated, Americans do deserve to know.
It is these double standards in America which is why they are losing ground more and more. And with the anti-Arabic penmanship by Stephanie Kirchgaessner my personal message to Yasir Al-Rumayyan would be not to go there. There is nothing to gain, the Kingdom of Saudi Arabia will intentionally be mocked by the US senate (and the politically coloured press), at best it will embarrass Crown Prince Mohammed bin Salman Al Saud and at worst Yasir Al-Rumayyan will be on the receiving end of political jabs that were never on his plate anyway. Personally I get that the other two would receive invitations to explain the merger, but that is as far as I am willing to go at present. The merger of two golf entities in a day and age where a Florida governor scuttles a billion a dollar investment in Florida should be on the front view of EVERY US senator currently elected. Dousing the mouse? Not on my watch.
Enjoy the day, a mere day away from that famous day we all yearn for (Friday).
Yup, we have all been there and me with my mouth at least twice a day. Diplomacy is at times where it is at and I scrapped that word from my dictionary. So as I stated over the last week that Blinky Tony (aka Anthony Blinken) had a hard time coming. First he had to visit Saudi Arabia, the place where its de-facto ruler Crown Prince Mohammed bin Salman Al Saud was labelled by President Biden as A pariah (before he become president) then the trip went to China where we assume that things did not go well, as we now see (at https://www.bbc.co.uk/news/world-us-canada-65969802) the BBC headline ‘Biden calls Xi a dictator a day after Beijing talks’. So what evidence is there that President Xi is a dictator? I am not opposing the view, I merely do not know. You see the dictionary gives us “a ruler with total power over a country, typically one who has obtained control by force.” Now, lets be clear. President Xi was elected. I do not know the election process in China, but there was an election and he was elected in November 2012. Wiki gives us “a Chinese politician who has served as the general secretary of the Chinese Communist Party (CCP) and chairman of the Central Military Commission (CMC), and thus as the paramount leader of China, since 2012. Xi has also served as the president of the People’s Republic of China (PRC) since 2013.” There is no mention that he took that nation by force. OK, I is havening to be jesting. The reality is much more serious. I thin this meaningless jab by President Biden implies that there are a few issues. Apart from the ties with Saudi Arabia, there is now a growing concern that Taiwan could be getting a new flag soon enough (see below).
And this was going to happen. For it not to happen, the US would have had to be able to be a real superpower. This is no longer the case. It is rushing from debt ceiling to debt ceiling and the people just know that this clambake will end sooner or later and sooner is now the premise of that game. You see America made gospel of the expression ‘Money talks, bullshit walks’ which has been around since 1968. Now that America has no money left, the ‘friends’ they had are walking away, the people who bled the system dry are vanishing to zero tax havens to live of their final years and the people caught in the middle will vanish without a penny in their name.
The article gives us ““The reason why Xi Jinping got very upset, in terms of when I shot that balloon down with two box cars full of spy equipment in it, was he didn’t know it was there,” Mr Biden said at the event on Tuesday. “That’s a great embarrassment for dictators. When they didn’t know what happened,” he added.” There is a lot about a balloon no one cares about and there is even less known who the actual owner was. I am not debating that it was Chinese, but was it governmental, military, a science experiment from a Chinese telecom firm. There are many options, but the press is no longer to be trusted, they have been silent on too many things and the US government is all about boasting, but not on revealing ACTUAL facts (for as far as they might be known). As is see the lack of diplomacy by President Biden, there is every chance that China talks are falling flat leaving Taiwan in the middle of nothing. The other side is that there is every chance that the continuation of BRICS will have larger impact on the west and it will diminish America to a much larger degree. The larger part that we do not know is how China and Saudi Arabia will forge their connections. The Kingdom of Saudi Arabia is now in a central setting to be the hub for connecting Asia, Africa and Europe, a strong setting and NEOM will be that hub implying that this half a trillion location will ensure trillions in business between 2030 and 2050, with news channels, sports inviting the Asian, African and European people to a much larger degree. I wonder if they have made their first designs on the F1 Neom track to start between 2030 and 2035. It will most likely be a magnificent track, add to that the most impressive golf course in history and we will see the first impressions that Saudi Arabia was not wasting money as some imply, they merely lacked vision for what was about to happen and more sport arena’s will follow. Now we see the part of China in a larger degree, the Silk Road and in all that Taiwan will play a more central role (an assumption by me). Two players who played the long game, not some spreadsheet game from quarter to quarter. By the way, what evidence that it was ‘two box cars full of spy equipment’? They blew up the evidence. I am not saying this wasn’t some agent 99 thing, I merely would like to see evidence, just like the evidence on Huawei that so far no one saw or presented.
As such we get to the headline. The definition of diplomacy is “the profession, activity, or skill of managing international relations, typically by a country’s representatives abroad.” In this I reckon that there is no managing international relations at present, whatever success Anthony Blinken might have had was undone by one sentence given by President Biden (according to the BBC). As such the situation for Taiwan is not on a good setting, but I might be wrong. And the other issues? Well, we have no idea, but I reckon that China told might have told America to put up or shut up, which is also a speculation by me. No matter how we slice it, there will be more coming soon enough, the question who will be making the initial revelations, China or America?
More soon enough and as we enter the second half of the week, this weekend might give us a little more than we expected.
That is where I stand. Today I got news from the Asia Times on something I have been saying for some time. Now, one source does not make it true, but the information given here and pretty much nowhere else should give people a place to start, moreover it could also be seen as the underlying problem to something a lot more dangerous. The article (at https://asiatimes.com/2023/06/eu-push-to-rip-and-replace-huawei-5g-meets-resistance/) gives us ‘EU push to rip and replace Huawei 5G meets resistance’ where we see “EU Commissioner Thierry Breton wants Germany and other European countries to stop dragging their feet and eliminate Chinese equipment from their 5G telecom networks. The European telecom industry and Huawei are pushing back.” This is the start of something I have stated for a long time, yet now we get “Deutsche Telekom quickly rejected claims that mobile networks built by China’s Huawei could be altered remotely to cause damage or steal data. In a June 16 statement to the German news site golem.de, a spokesman for the German telecom provider declared, “No [software] update can be introduced into the live system that was not fully tested for functionality and security.”” This shows the first chink in the EU armour. This is followed by “The network management systems are located in a high-security network that is completely separated from the Internet and from the company’s office communications network,” said Deutsche Telekom executive Stephan Broszio, according to press reports. “Access to this network is granted only to a few employees subject to strict security review. A remote attack by the producer firm [namely Huawei] is not possible.” In addition we get “Austria’s chief telecommunications regulator, Klaus Steinmauer, told the Austrian News Agency that he “saw no danger from Huawei,” adding, “I don’t know of a single instance” of problems” As I personally see it, EU Commissioner Thierry Breton either publishes clear evidence of these dangers, or he should move to Washington DC and become an Uber driver. You see if there is evidence fine, but for years now we see boasts and never was any evidence given. I see this as a problem and now that the US cannot foot any bills, the others are stating that the US needs to eff off (you know what I mean). I reckon it is not long until these telecom companies will demand that the EU foot the bills for hundreds of billions in hardware change, foot the bill for adjusting that hardware and foot the bill for loss due to diminished broadband capacity. In the meantime Saudi Arabia is extending its reach into Africa and the Mediterranean, after which the telecoms will get loss upon loss and handing over what margins they had to the Saudi Telecom Company (STC), because that is now merely one step away. That was given to us in April with ‘Saudi Telecom Buys Mobile Tower Unit in Europe from United Group’, which now gives them access to Bulgaria, Croatia, and Slovenia, after which the access towards Italy, Greece, Spain and the rest of the Mediterranean is all but a simple flick of a switch.
But leave it to players like EU Commissioner Thierry Breton to ignore the obvious. On the upside, with my language skills, I would gain another job option to another company and in this day and age that matters, especially as big tech is shedding thousands of positions.
And even as the article ends with “it would help dispel suspicions that Breton and the European Commission are simply following instructions from the US.” I reckon that until we see actual EVIDENCE of the nefarious implied deeds by Huawei, that feeling will not go away, not for a long time.
So enjoy the day whoever you telecom with, today, or tomorrow.
The BBC (at https://www.bbc.com/news/live/world-asia-65920024) gives us ‘Blinken and Xi had ‘robust conversation’ in Beijing’ and I had to take a look, if not only to see what they mean with ‘robust conversation’, that is an expression that could go in any direction and not all of them good. The BBC hands us:
“He says he has been seeking to “disabuse” China of the notion the US is “seeking to economically contain them””, sorry this started a 5 minute intermezzo to get a hold of all the laughter I have. The US has been seeking to contain China since Huawei left Nokia and all others behind them in the 5G field, it is still going on, all whilst we have never ever been given CLEAR evidence that Huawei was doing anything negative. In that same timeline we have an Airman handing out classified information, a former president has more classified materials in his toilet than the CIA has in its archive and we have several other issues. That is before we look at Cisco and its issues (which was not intentional, I know).
And even as several statements came from Strasbourg, the manner of speaking implies a clear American hand on the shoulder of the speaker.
Then we get “Blinken reiterates that the US does not support Taiwan’s independence – stating it does not wish to change the status quo”,which is a harder issue. You see ‘The first agreement under the U.S.-Taiwan Initiative on 21st Century Trade was signed on June 1, 2023.’ Might be seen as a declaration towards support for its independence. And that is debatable, I get that. It seems to me that America hopes it will go good, but at the same time it is afraid to anger China too much, so I can see how this plays and this is NOT against America. It is to acknowledge that some diplomatic strains are strained as far as they can get.
Then it is time for “Blinken says some parts of the talks were “constructive”, but adds there is “work to do” in other areas”, OK a diplomatic answer if ever there was one. But in there are missing parts and there is every chance that they are not for our eyes yet. The ties with Iran and Saudi Arabia are worrying America. The new petroleum refinery that they are building in China must be a cause for concern. You see, the refinery is large enough to hand a lot more oil to China and that is where it is most likely to go, a setting America does not find comforting. They are already losing out to a million barrels a day, but with that new refinery that reduction COULD (could being the operative word) be reduced three times over to minus 3 million barrels a day. This could collapse the American economy and create a third world nation called The United Stages of Anything. For Taiwan it is not such a good stage. I reckon that China has been dipping its toe in the water to see how America would react when Taiwan is added back to China and charges Taiwan for overdue book fees and that invoice is likely to be stellar. Now, this is not a given, but that is what I would have done (if I was Chinese). In all likelihood as the EU and the US are uniting with Ukraine against Russia, China sees an opportunity because America is too broke to stop anything and that leaves Taiwan separated, segregated and all alone. A setting China would like at present and with three optional supports for Taiwan too poor to do anything (US, EU and Japan) Taiwan might not have too many options left. I reckon that a similar conversation with Crown prince Mohammed bin Salman Al Saud took place almost a week ago. I reckon that at present China has all the answers it needs, but that is pure conjecture from my side.
So as I see it, I wonder just how robust that conversation was, rejections by China does not make the conversation less robust, but that is about the only classification that conversation might have had overall. Am I wrong? Optionally yes, but the larger stage is catering to China, and with the ties with Saudi Arabia now stronger then anything, all whilst the ties with America are more and more dissolving leaves China in a much stronger position and as Saudi Arabia grows, so will the options for Huawei. It will not take long for the larger contracts with Egypt and Syria to start and when that happens, we get a triangle that covers part of Africa, towards Turkey all the way to India. It will not be overnight, but with the power core in Riyadh that setting would become one hell of a central chain for Huawei. And it is not a new setting, I saw this evolution come a little over three years ago. And with that infrastructure NEOM is not merely a small city, it will be a center piece of Saudi Arabia, uniting Africa to Saudi interests and they will all have that new Saudi news channel. It was a game well played and China is adhering to this not merely because it takes the wind out of the sails of America, it will diminish Europe in similar ways. Asia Times gave us in April ‘Huawei eyes Saudi Arabia as its regional hub’, I think it is only the beginning and it is a much larger partnership with China, who will have access to this and the Silk Road, which was never a secret. As such I wonder what expression they would replace ‘robust conversation’ with and very time that expression gets handed to us by the media, ask yourself. What did they mean with that?
That should happen, but not always. If the spectator is to be believed, clarity is not on anyones mind. So lets take a look. The article (at https://www.spectator.co.uk/article/how-saudi-arabia-bought-the-world/) gives us ‘How Saudi Arabia bought the world’, which is in part not false, but this is how the Americans wanted it. It was all about values and commodities and the more the better, that is until they went broke. Now it is all about human values, an option they never considered when they handed the reigns to Wall Street. Now America according to sources “The Treasury Department paid a record $213 billion in interest payments on the national debt in the last quarter of 2022, up $63 billion from the same period a year earlier.” $213 billion a quarter, implying that they are now paying $855 billion a year, that is the price of uncontrolled debt. I gave warning over the last several years, yet everyone was calling me crazy, stupid and a whole range of names. Well now the opposite is coming true. Others are now in charge. First Anthony Blinken (aka Blinky Tony) went to Saudi Arabia, now he is trying to convince China on miscommunications. A good trick if he pulls it off, especially after all the anti-China rhetoric. But this is about the Spectator, who gave us the cool image below.
There we see “Sarah Leah Whitson, of Democracy for the Arab World Now, the organisation founded by Khashoggi, told me the deal makes no sense in purely economic terms. ‘It’s really important to know how much of a premium the Saudis have paid,’ she says. ‘This is a political move.’ In fact, the FT estimates the Saudis will pump $3 billion into their new purchase. That translates into astonishing rewards for individual players. Some already on the Saudi payroll are reportedly getting $200 million a year.” It actually makes sense. You see people love sports and Saudi Arabia has seen what the eyes on Dubai can achieve and now there is a start to set the eyes on Riyadh. Sports are a first. The Jetset sports like F1 and Golf are a start and more is coming. The people want their games, their sports and if you try to count on the amount of video’s on YouTube and TikTok that are about Dubai and the Dubai Mall, the number goes into the millions and they nearly all have counts that are in the triple digits or close to that. That is visibility. With the projects that are coming over the next 5-7 years these numbers are adding up. Saudi Arabia, like China have been playing the long game and now they are the winning side of visibility. It all adds up further when the KSA launches their English version of Al Jazeera, then the numbers start racking up fast. That realisation was why I tried to sell my IP to Saudi Arabia and Kingdom Holding. It is now an IP that is approaching $35 billion in value. There was a reason that I never wanted Microsoft near it, they only screw things up and the value merely goes down. I would if all goes well end up with 5% of that, more than the accumulated wealth of all my ancestors combined. Yet, this is about Saudi Arabia and it matters, you see next we get “Greg Norman, the former champion who runs LIV, has already ‘moved forward’. Asked last year about Khashoggi’s murder, the body dismembered with a bonesaw, he said: ‘Look, we’ve all made mistakes…’” this is why America is losing all options. What evidence is there? The bone-saw bit and all the other bits. The media was in a frenzy pushing speculations, but in the end there is no evidence, there is no evidence of ANY direct involvement by Crown Prince Mohammed bin Salman Al Saud. That UN essay (aka the joke of the century) was no help either, if nothing else, it merely showed how useless the UN has become. If there was evidence fine. Yet there was none and when you consider that part. Is it any surprise that Saudi Arabia has had enough of America and the west?
Then we get “All of this has emboldened MBS, who has been steadily creeping back into international favour since Khashoggi’s murder.” Is it because there was no murder? Was it because there was no evidence? Was it because internationally the people in charge are figuring out that siding with America is starting to be a rather large loss? In this America did this to themselves, they invented “Money talks, bullshit walks” and business America embraced that expression as gospel, the problem is that when you are broke, when you rush from debt ceiling to debt ceiling you have nothing left and when the bulk of your budget goes to the interest, you have little less to buy. It is a simple equation, and an abacus can give you that result it will not be a pretty result, but a result none the less.
Then we get to hedge funds, real estate (London) and several other places. These people go to Saudi Arabia, because Saudi Arabia is one of the few places that has the money. If the ROI (Return on Investment) is good, they are likely to take the offer. It used to be America, but you know where they are at and Japan is almost there too. Consider the wealthiest nation in Europe (Monaco) How many projects did Monaco fund in Europe? Look at that list and see where their money is going, when you figure it out you will see why Saudi Arabia is seemingly buying the world. The world is a commodity and no one else is able or willing to buy it. So hard times are ahead (especially for America and Japan) and we are all falling in the middle. It is why I selected Saudi Arabia, Kingdom Holdings and Tencent Technologies for my IP. I go where the money is and the few players that had the money in the west decided to leave billions on the floor. I don’t have that kind of time for them to wise up and consider what they were missing. It is their choice t rely on wannabe executives, it is their loss. To be honest I never expected my IP to get that high this soon, but the inclusion setting I wrote about a week ago (0.0144%) made it a lot more valuable. And that is not even close to the end. All the settings that came secondary will now have primary impact on others too, merely icing on a yummy cake. Yet in the overall setting where we see the Spectator and the other media copying and paraphrasing that part there is a nasty underside. When the Chinese-Saudi link gets firm, when silk road evolves into a next stage and when the governmental coffers in Europe and the US dry up, what will you be left with? Because that is the moment that pensions fall to zero and that, in a greying population is the nightmare scenario that is now a mere 5-10 years away. I tried to send the warnings, but everyone was so sure that this would never happen. So how many debt ceiling raises will go through next? When sports fall away, as such when advertisers go elsewhere (Google is already setting up that side road in Saudi Arabia this year) when marketing options fall flat and result is the only currency that is allowed. How many corporations will remain? How many jobs will remain? Soon it will be about skills that are bankable, billable hours and it will go to every layer of business. And that is the sad part, we enabled that road all by ourselves. There was never any other outcome there.
So cheer up, it is about to be Monday, your favourite day of the week is now a week away.
Yup, it is all about the digital manure as some would say. This all started last night when the BBC gave me (at https://www.bbc.co.uk/news/business-65935263) ‘Binance exits Netherlands and faces France probe’. This sounded strange because exiting one nation in the EU sounds pointless to me, so what was going on? The article gives us “It follows the announcement of the company’s departure from the Netherlands after it failed to obtain a licence from the Dutch central bank.” OK, no biggie. It was “In a statement Binance confirmed French authorities visited its offices last week and will comply accordingly. “We had an on-site visit last week by the relevant authorities. Binance, as always, was fully collaborative and we met our obligations accordingly. We continue to work closely with regulators and law enforcement agencies on all ongoing compliance requirements to uphold high standards,” a company spokesperson said.” Still, not an issue (at present) but the BBC article had me piqued, as such I started to make a search for Binance and the issues started to rise. In order of timeline, I got (at https://www.cnbc.com/2023/06/16/binance-france-chief-brushed-off-concerns-days-before-police-visit.html) an article by CNBC, where we see ‘Binance France chief brushed off concerns days before police visit’, which sounds like a nice party-line, but I am not buying it. You see “the crypto exchange’s top French executive dismissed concerns about U.S. regulatory charges affecting Binance’s other operations, comparing them with the flapping of a butterfly’s wings.” Is that so? You see yesterday’s news was not wholly interesting, yet only hours ago (at https://www.forbes.com/sites/digital-assets/2023/06/17/binance-escapes-asset-freeze-in-exchange-for-a-raft-of-restrictions/) we see ‘Binance Escapes Asset Freeze In Exchange For A Raft Of Restrictions’ with the added text “The U.S. subsidiary of cryptocurrency exchange Binance has avoided an asset freeze that would have made it impossible to do business, but it has agreed to burdensome terms to keep operating during a civil case brought by the Securities and Exchange Commission that charged the company with evading “critical regulatory oversight.”” We now have a party. So where is that Hudie flapping? If they are referring to the SEC, it is not a butterfly, but a dragonfly hungry for substance. And lets be clear, all these accusations do not make for an issue. The SEC accuses people all the time (more often than not justified), it is the combination of the Dutch, the French and the American SEC that gives light to something going on. You see, we can make assumptions and I would too. It is “Given that Changpeng Zhao and Binance have control of the platforms’ customers’ assets and have been able to commingle customer assets or divert customer assets as they please, as we have alleged, these prohibitions are essential to protecting investor assets.” That sounds familiar. It gets too close to Sam Bankman-Fried and the FTX. As such was there an issue, or was the SEC scared it had another issue potentially coming up? I cannot tell as I do not have all the numbers and data, but I was surprised that I saw in seconds hat none of the media seemed to have. Even with all the speculations, no one seems to be on that horse. I might be all wrong, but there is too much in common to ignore it. Even if it is only to follow through and find that this was NOT the case. That is what I would have done and no Fox with their wannabe dictator statements comes anywhere close to this. So what gives?
Well, the Federal case against Sam Bankman-Fried with “Federal prosecutors in New York said they would drop several criminal charges, at least for now, against disgraced crypto executive Sam Bankman-Fried if the judge agrees to try him later on those charges.” (Source: ABC) is losing momentum, as such they aren’t willing to fail twice in a row, it makes them look bad.
Yet is that the case? It is from my point of view and I am not disagreeing with CNBC who gives us “Prinçay insisted Binance’s US assets were separated from the international exchange, an assertion also made by the exchange’s legal team. The U.S. Securities and Exchange Commission, which charged Binance last week with 13 securities charges, disagrees, arguing that Binance user funds are at “significant risk” of flight due to founder Changpeng Zhao’s alleged ownership of an interlocking set of Binance-related companies.” But there are cogs within cogs and as I do not comprehend the machine, I will give different values to some cogs of that machine. The fact that the media isn’t looking too hard gives me the idea that they do not comprehend that machine either. So is there an issue with Binance? I think there is, but I cannot tell whether anything illegal or any criminal issues are actually in play, that matters as we are nations of laws and the law sets out what is to be and what is not to be done.
The issue becomes larger when you consider Forbes giving us “In a June 6 motion asking the federal court for the District of Columbia to freeze the American subsidiary’s funds, the SEC said it was seeking to ensure the safety of customer assets at the U.S. operations given the companies’ “years of violative conduct, disregard of the laws of the United States, evasion of regulatory oversight, and open questions about various financial transfers and the custody and control of Customer Assets.”” And this is where the party (which I mentioned) started. You see the CNBC article is less than 24 hours old and Forbes mentions events from June 6th, that means that CNBC should have been on the ball and they apparently are not. In addition we see ‘years of violative conduct’ which is a BS argument. If there were violation it becomes criminal and they should not be in business at all, if not it is posturing which goes nowhere opting a movement from Binance to seek compensation for lost business, all in all some parties are not aware what the hell is going on (including me). I understand and accept that the SEC does not do things lightly, but is that because the US is broke? Or is that because they do not have a firm grip on the Crypto laws and settings on what is valid (read: legally allowed)? Your guess is as good as mine. What mattered to me is that the Dutch Central Bank refused licences and that counts, it implies that whatever Binance is doing is not all on the up and up (my speculated view) and the French visits are supporting that. Yet the media should have ben on top of this since June 6th and some were, but the rest were not. They are too busy calling an elected president a wannabe dictator. This is what the media has come to. For whose benefit? You tell me.
I will keep a lookout on this, just as I am on that FTX Bankman-Fired person, who is now facing two court cases. So, what’s next? Well, I will snore deep into the final part of the weekend, tht’s is how I roll this weekend.
Well, that might be the case. It is CBC that gives us (at https://www.cbc.ca/news/entertainment/fox-news-crtc-ban-canada-1.6875894) ’LGBTQ rights group argues Fox News shouldn’t air in Canada’, to be honest, not the worst step to take. It is the funny response by Fox Channel “Fox’s argument that the application to remove its news network from Canadian cable TV packages is “moot” in the wake of prime-time host Tucker Carlson’s ousting in late April.” Are you effing kidding me? Egale Canada wrote an open letter to the regulator in early April, asking it to consult the public on the removal of Fox News from the list of non-Canadian programming authorised for distribution in Canada. And when there is a larger stage with a lot more channels than there are space for, the BS that Fox News gives us should have no place in any Democratic nation. That news was reenforced when we were given (see below)
Even as ABC gives us that “A longtime producer for Tucker Carlson is out of a job after being deemed responsible for the onscreen message this week that referred to President Joe Biden as a “wannabe dictator.”” It should not matter. These levels of unacceptable airing of thoughts gives rise to the thought that whatever Fox airs is no longer acceptable for human digestion. The idea to openly call any clear Democratic person as a ‘Wannabe Dictator’ is beyond humour, at least what the average man calls acceptable.
There will be a need soon to sanitise the airwaves of those airing the need of populist voices, the fact that Canada dropped nine channels implies that Canada and other nations are depreciating the value of media people (I am avoiding the term journalists). A massive change is required and the ousting of Fox Channel might give rise to these people bettering themselves instead of copying the wrong people. In addition, their way of pushing Republican voices is not out of law, but the way this is done. The Financial Times (at https://www.ft.com/content/78826749-892b-42b6-9053-ef613016ae93) gave us in April ‘Fox News and the marketing of lies’, there we see “Donald Trump and his conservative backers have done more than anyone to popularise the term “fake news”, rebuffing criticism of him by opponents and “mainstream” media as deliberate falsehood.” In addition the fact that Fox settled the Dominion case for well over a billion does not help. There is a massive flaw at Fox and its board of directors hiding behind ‘freedom of speech’ and ‘entertainment’ is not the way to go and as such I reckon that Egale Canada might have a case. I enjoyed Fox News years ago, but they set a tone that I found beyond offensive and the departure of people like Bill O’Reilly is setting a different tone. The Financial Times also gave us “It is regrettable that the settlement spared Fox News executives and presenters, and the Fox Corporation chair Rupert Murdoch, from testifying in weeks of hearings that would have shone more light on to the affair.” It shines the light on just how wrong Fox News has become. I would also add to the argue that someone naming its channel ‘News’ has no business reporting it as entertainment, some issues are just too serious at present. I would add to that that there is no visible vetting of that news channel and whilst that might be acceptable in the US, I think that a larger case for the Commonwealth nations could be made to scrap them. And face it, if this is about a republican side, they can stick that to the US and keep it there (and there alone).
I reckon that the moment a second nation adds to Canada and Egale Canada panic gets a grip on its board of directors and Rupert Murdoch. No matter how that evolves, the first pebble is cast and even as the outcome is not certain, there is a larger stage where the people should consider how long they are willing to openly deceive themselves. We don’t mind getting lied to at times, but 24:7 by a news channel? Who is willing to sign up for that?
As such I feel that not only does have Egale Canada a case, they might end up setting a larger wave among nations that have had enough of this kind of ‘presentation’ of fake news.
We all have this, we see events. We see impact and we see the fallout of choices. There are no real surprises. Yet Google surprised me a little. First they dump their Google Stadia and through that shed market share, all whilst there is a stage where they also denied themself to billions in revenue. This happens, there is no blame. There are a whole range of corporations who needed to adjust their mission statement, their party line. I get that (in the 90’s not that much). So I was taken by surprise when Al Arabiya gave us (at https://english.alarabiya.net/News/saudi-arabia/2023/06/15/Google-announces-training-for-Saudi-Arabia-gamers-MENA-Gaming-Summit-in-2023) with ‘Google announces MENA Gaming Summit in 2023, training for Saudi Arabia gamers’. So first they dump their Stadia and now they start training gamers? What will they use a PS5, or the Amazon Luna? So when we see “Last year, Saudi Arabia’s Crown Prince announced a plan to develop the country’s gaming and esports industry, aiming to create 39,000 jobs and boost GDP by $13.3 billion (50 billion riyals) by 2030.” I merely go ‘meh’, they turned me down when they stood to make billions in advance, optionally I would be representing 40% of that revenue in phase 1. I admit that my solution is not much for the Esports category, as such I am not a solution, but indirectly they could be fuelling all kinds of business and the revenue adds up. Still this is not about me, it is about Google. Their training manuals are pretty sic and as such that choice makes sense, yet under what guise are they restarting a gaming initiative after dumping their console? It is not the weirdest question to ask.
And it is also there that some parts are starting to make sense. With “Gaming experts and partners from Google will run training programs for over 250 university students across Ahsa, Abha, Dammam, Jeddah, and Riyadh from September 2023 with the Ministry of Communications and Information Technology’s Centre of Digital Entrepreneurship (CODE). The program is expected to cover entrepreneurship strategies, gaming career opportunities, monetisation through Google Ads solutions such as PerformanceMax and AdMob, distribution best practices on Google’s app store Play, storage solution Cloud and video streaming platform YouTube.” It seems to me that the gaming side is merely a sidetrack. The real deal is seen with “monetisation through Google Ads solutions such as PerformanceMax and AdMob, distribution best practices on Google’s app store Play, storage solution Cloud and video streaming platform YouTube” as I see it, this is about advertisement money at ANY expense. How lovely from Google. At present we see the funny money hype through gaming as an advertisement handle. How to maximise on that, which is not the same as gaming. It is at times actually the opposite of it.
And with “YouTube will offer a workshop at the Saudi Esports Federation’s Gamers8 conference for 50 Saudi-based creators and Esports players focusing on gaming content and channel optimisation, audience development and engagement with the gaming community on YouTube.” I reckon that before long it will become about advertisements pushing through engaging with gamers. I could be wrong, but that is how I am seeing it at present. There is one part I find deceptive, but I could be wrong. With “Saudi Arabia is home to over 22.3 million gaming enthusiasts, many of whom can be equipped to turn their passion or hobby into a full-time career.” I am wondering what the endgame is. You see, Saudi Arabia has 32.1 million people. This statement gives us that 69% of Saudi Arabia is a gamer. That is an uncanny large population. And then we get to ‘many of whom can be equipped to turn their passion or hobby into a full-time career’, I cannot say that this is false, because I have no data whatsoever giving evidence that the statement is correct or false, yet the statement that the larger setting of 69% can be equiped to be professional players implies that there is a massive need for hardware. Perhaps that is true, but it also opens up other dangers for Saudi Arabia. An average gamer and his PC sets the need for an 850 Watt power supply. Now consider that half of that, roughly 15 million will suddenly require 850 Watt for the PC and then we get the monitor and other devices. That is one hell of a power drain. The KSA would need to consider the larger need of 2 nuclear reactors commencing their building within 60 days and there is every chance that if the Google numbers are right, they will come up short long before these rectors are completed. These puppies take 5 years, they can rely on gas or oil reactors for power, but that puts whatever environmental needs they had going on the draft of failure. All that and the largest setting is not even being met. That level of gamer additions and the rest of the nation will face labour shortages, but that is merely me trying to be realistic.
So is there something? Well yes, this does not come out of someones imagination, but I have some question around the numbers and that is merely before we consider another side. You see Statista released in April “Nine out of ten adults in the UAE play video games, and 90% of respondents in a Global Consumer Survey by Statista considered themselves gamers, with 23% identifying themselves as frequent players, meaning they play at least 11 hours per week. In 2023, the UAE’s gaming market is projected to reach over 306 million USD.” As such is the reaction of the KSA regarding what the UAE is giving us and is Google merely the facilitator? I get the 90% bit, I consider myself a gamer, but that is not my professional setting (it was not possible to be a professional gamer when I was young), so they have other professions as it will be in the KSA, yet to be a professional esports person, making it your full time career requires other elements and when you consider these parts the numbers do not add up, not in the frontal version and not in the aftercare (power needs).
In the end, we will have to wait to see what the MENA Gaming Summit in 2023 actually ends up being. We will see, it will be soon enough.
This happens, we all have that. There is no negativity, there is no blame. This sometimes happens, yet when it happens it tends to be with a negative siding. Yet the opposite can also happen and I just learned it is even worse. You see this all started some time ago when I created one of my IP’s. In the running were Google and Amazon. In the first phase it as around 5 billion annual with a lot more after. Google dumped the option with the solution attached and Amazon remained, they weren’t biting either. Yet then Tencent technologies entered that field and things were looking up again. As such I have time. Yet a few hours ago I learned that the lower setting was fine and I expected that at full release the upper limit was somewhere between 12 and 20 billion. There was no way to be more precise, because this has ever been done before and I cannot say too much, because Microsoft is ALWAYS watching and I do not want them anywhere near my IP.
So the crude awakening happened a few hours ago when I learned that the inclusion factor is close to 0.0144% (annual shift) this improves the value of my IP by a lot and I have no idea just how much, but it implies that is will be a lot higher than 20 billion under cautious estimation. It is a lot more than I ever envisioned and personally I do not care if it ends up with Amazon or Tencent technologies. This was why I tried to sell it to the Kingdom of Saudi Arabia and to the Kingdom Holding Company. I reckoned that 5% of 12 billion is well worth it and now it seems that I could (could being the operative word) end up with a hell of a lot more. Not that I need that, but the setting is one I never saw coming to THAT degree and that is before some realise the impact on Facebook, because they will lose a slice of their cake, but it will be over time and the size of their loss is not one I can predict, too many factors involved. Another side was that it would positively impact Amazon, which is why I tried to get there first, but they are seemingly not interested. That’s fine, when a company decides to leave billions on the floor, I say ‘Whatever’ and there as a small scent at that time that google might work, but they took another direction and weeks later I see that Tencent Technologies is entering that field. Matter little to none to me, but that is life.
So as my mind is reeling from the inclusion number (you need to see the 1/x side) when that happens the world starts spinning. It is the most brutal of crude awakenings I ever faced. So for this moment (optionally until tomorrow morning) I will have a hard time focussing because the numbers do no lie and I reran these numbers a few times, even if the numbers presented to me are off by factor 10 (I redid them offsetting by 100) the results are mind boggling and I do not get shaken this easily.
As such I will try to focus on other matters tomorrow, but that is as good as I can promise myself. Thank goodness the weekend is now a day away. I will need this upcoming weekend for all the 48 hours it holds.
Lawrence van Rijn - Law Lord to be 