July 13, 2015 · 23:16

Wackadoo for a game

The E3 is done, the 2015 San Diego Comic Con is on and I am missing out on all of it this year. Whether it is addiction, compulsion or enslavement. It might be the last one, yet my feelings for Elite: Dangerous are no less than the same feeling I had when I had when the original  on the Commodore 64 was released in 1985. There was one shop who had it on the first day, which meant a 4 hour train ride, two hours there, and two hours nail biting trip back. Yes, it was one hell of a day, but the result was exceeding expectations, the game would be my number one game to play for a very very long time, all because a friend showed it to me on his BBC Micro B one year earlier (1984).

Enslavement is what I have in common with Greece on several levels. Like Greece, I did this to myself, whether my DNA made me desire this videogame more than sex or whether it is just the animation of pretty pictures that move because of my interaction does not matter, it was all me! Now it is so simple to blame David Braben (like calling him ‘Jerry’), but it is me, only me and I very much realize that.

It seems that the press and many others (like Greek Politicians) cannot see that. So I feel miffed when I see ‘The euro ‘family’ has shown it is capable of real cruelty‘ (at http://www.theguardian.com/commentisfree/2015/jul/13/euro-family-angela-merkel-greek-bailout) by Suzanne Moore. In January 30th 2013, I wrote ‘Time for another collapse‘ (at https://lawlordtobe.com/2013/01/30/time-for-another-collapse/). In there I stated “Greece is fighting just about everything from no longer payable debts and unemployment figures to phantoms of their past“, in February 2013 in ‘The Italian menace?‘ I wrote “Politicians are also to blame. For that I would like to mention papers like “Investing in Greece: an Olympic opportunity”. It came from Costas Bakouris in 2001. The thoughts were all fair enough. However, how much came to happen? How much money did come in?” This list goes on and on, I reported on it well over two years ago, no one truly dug into these matters and everyone seems to live by the credo: ‘if Goldman Sachs can hide it and the press does not report on it, it does not exist‘.

Now, the Greek people will get a harsh dose of the consequences of not holding its politicians to account.

Than 22nd January 2014 ‘Cooking the Books?‘ (at https://lawlordtobe.com/2014/01/22/cooking-the-books/), where the quote by Business Week “Europe’s having a bond rally and the PIGS are playing host. Portugal, Ireland, Spain—and even Greece, where Europe’s debt crisis began—are heading back to the bond markets and enjoying their lowest borrowing costs in years, as investors appear reassured that the region’s sickest economies are on the mend” is centre in all this, the part ‘investors appear reassured that the region’s sickest economies are on the mend‘ is the delusion to outrank all other delusions. In all this there is a link of power players promoting one another through unnamed sources. Greece should have known better! And in all this, as I stated before, these power players will sell Greece down the river in a heartbeat, because the fallout of Italy and France would be massively worse (10 times worse). All what we see now is the direct consequence of inaction, inaction for 3 Greek administrations and especially these last 6 months when the Greeks gave faith to what I regard to be a rock star (Varoufakis) and a paper tiger (Tsipras), all this, a mere consequence of inaction.

Was all this inevitable? Yes, personally I believe so, even though I believe that Antonis Samaras was on the right path, yet overall, that path was just prolonging a bad situation that had no long term future path.

In all this the Press is equally to blame, in conjunction with economic forecasters, power players and political whatever you want to call them. They were all about demonising ‘austerity’, it was all about how bad austerity is. The plain, bland and bitter truth is that austerity is nothing more than keeping a proper budget, yet several of the previous parties are ALL ABOUT SPENDING! Which is delusional! Just like I cannot speed up the release of Elite: Dangerous or No Man’s Sky, they cannot write away debts, there will be a consequence.

So when I read “Alexis Tsipras has fought tooth and nail for something resembling the debt restructuring that even the International Monetary Fund acknowledges is needed. The incompetence of a succession of Greek governments and tax evasion within Greece is not in doubt. But the creditors of the euro family knew this as they upped their loans, and must now delude themselves that everything they have done has been for the best” which is nicely written Miss Moore, but the following parts remain an issue “something resembling the debt restructuring” is not even close to a reality unless you keep your spending in order, which has not been done for decades.

It is her last paragraph that bothers me the most “The euro family has been exposed as a loan sharking conglomerate that cares nothing for democracy. This family is abusive. This “bailout”, which will be sold as being a cruel-to-be-kind deal is nothing of the sort. It is simply being cruel to be cruel“, in all this governments are to blame, in all this the press took a back seat to ignore what needed to be done, keep a proper budget, in all this close to ALL EEC nations failed. You see debt, even governmental one needs to be paid back, that part has been ignored for too long. The EEC now has an accumulated debt that is closing in on the size of the US debt. It almost looks like a plan by the banks in global charge to equalise all debts making them in charge of everything. Is that such a large leap? You see the debt only seems to go down in Malta, Czech Republic and Belgium. Belgium is essential because its debt is already too large, but at least they are making a positive change, only them and no one seems bothered about this. As per today they are all bothered with the upcoming consequences, now as Greece has seemingly pulled the bunny out of the hat, we will see changes of another nature, because Marine Le Pen will not let the momentum she can gain from this unanswered issue and as France is down 2.6 trillion, she will now emphasize on the benefit of moving away from the EEC, which heralds future for France, the French product and the all-round future of France. Is she right? I cannot tell as there are a few too many unknown factors here, but beyond Suzanne Moore there is more to see.

For that we need to look at gung-ho go-getter Helena Smith of the Guardian, who writes “It will take years – decades perhaps – for Greeks to get over this crisis. Catastrophe may have been averted, but it comes at the expense of conscious national failure: an overriding recognition that the state formed after the fall of military rule provided 40 years of peace and stability, but has ended in extraordinary ignominy. The promise of unending progress did not occur. Of all the truths that Greeks must now confront, that will be the hardest“, personally she writes well, but the truth is (as I see it), that the Greek issue will take generations, likely 3 of them to get it all under true control, in all this the deadly issue was not changing when it was possible. A hard-line change in 2005 would have made all the difference, now we get the added pain of a decade of spills whilst the economy is down further and more people are unemployed, all factors changing the game.

Helena writes “In return for a third bailout – this time staggered over three years and amounting to €53bn – Greeks essentially have been told to walk through the valley of the shadow of death. And that is the good scenario. The alternative – Grexit – would have bypassed purgatory but taken crisis train passengers straight to hell“, even that is not completely on par. Yes Helena is correct, but what she (validly) abstains from, is the part that is depicted by ‘the valley of the shadow of death‘ is a road of reformation of administrative law, criminal law, taxation law and taxation regulation. In addition there will be pension reformation and consumer taxation. If any of these matters are not initially resolved in 18 months, with this I mean proper reformation design from day 1 (tomorrow), not a collection of empty meetings with governmental paid lunches and dinners.

It will take long working weeks (50 hours plus) to make this happen in 18 months and that draft will be decent enough to truly change the tides. If any of these changes are not done by then (so even if they get all but one done), than the Greeks will only have hell to look forward to, the Purgatory station will not be an option at that point. Changes that if Syriza had seriously started talking and started on changing them, the last week would never have happened. In all this there is one other advice the Greeks need to take home, no matter how proud they are, their survival will now depend on changing their family structure.

Let me explain, as time is now too short for those who have an option, the Greeks have one option left to survive (if at all). Consider a family with grandparents, parents and children. We call them iteration 1, 2 and 3. They need to sit down and see where the lowest debt is. If at all possible, make to all debts the minimum payments then, take every coin they have left and place that on the lowest debt. Do not hide behind pride and time and just pay them all. Get rid of them one by one as fast as possible. Banks will all state that this will not work, but they need these people all enslaved. Create safety by removing the first debt, then the second and so on. As the debts fall away, so does the interest, Greeks need to make momentum and the banks are ALL about longevity. They will twist, spin and make all kinds of brazen projections, but Greece will be in a bad place well beyond 2020. So the Greek people, if possible need to move away from all debt, after that, whomever has shed the debt, they can move forward, they can acquire and grow.

In all this, it will be another Greece, one that has a retirement system which can no longer work in the previous path, there will be a Consumer tax setting that will up the cost of living and the health care system in Greece will remain a matter of nightmares, possible it can only be accessed through the purgatory station the Greeks hopefully avoided, but in all this, taxation laws will have to change at first light, it will also mean that the very wealthy Greeks will move to another place, not unlike Gerard Depardieu. There is no telling where they will end if they want to avoid taxation of that what they avoided for so long and it is equally wrong to speculate how much taxation is due, I lack the pure data on that. What is cause to all is the dire need for the Greeks (and many EEC politicians) to stop spending money they did not have and money they were unlikely to receive. all this is centre to the fall of Greece and it is not over yet because even though Greece when over the edge, France and Italy are right there with Greece (which is why they were so opposed to Grexit) and with these two we face a 5 trillion Euro tumble, 10 times the debt of Greece.

So are we wackadoo for a video game, are we going wackadoo for the game of economics or are we just wackadoo for a totalitarian enabling of banks through debt?

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July 11, 2015 · 11:43

This planet has been drained!

That was the voice in my head, as I was reading the article ‘Lab-grown leather is coming, but is the industry ready for it?‘ (at http://www.theguardian.com/sustainable-business/2015/jul/10/lab-grown-leather-modern-meadow-ceh-suzanne-lee). The voice in my head is from a forgotten gem called ‘Conquest: Frontier Wars‘ by UBI soft. It is an amazing game (but that is not what this is about), in the game, when you have mined all the resources and the planetary resources have gone to 0, you can hear the Caleron AI state ‘This planet has been drained’. So what does that have to do with growing leather?

Consider the, what I would personally regard as an incorrect quote: “the supply of leather is dwindling as fewer people eat meat, with the US cattle population dropping by 32% in the last few decades“. I feel fairly certain that the amount of people of a carnivorous nature has not dwindled down, the mere fact is that fewer and fewer people can afford a decent steak (or lamb chop for that matter). That does not dwindle stocks, there is more in play than just the mere numbers of cattle (but that is a discussion for another time).

You see, the quote that matters is “As the supply of cow hides declines, could a lab-grown alternative fill the supply gap?“, it is shown under a photo of two men going through mountains of leather. The article is an interesting read and my contemplations started in earnest when I read “The Company is experimenting with cultured animal cells and tissues to create an alternative biomaterial to traditional leather. This lab-grown leather could offer a more sustainable alternative and even a possible long-term bridge for the gap in supply and demand“. Now on the premise it seems interesting, a grown form of leather, which means that cattle need not be slaughtered for the mere need of their hides. A new substance that could imbue fashion, accessories and other leather items for whatever reason.

Yet, in there I also see a clear danger that the article does not dwell upon. Perhaps it is as I am not talking on the numbers of cattle, Stephanie Hepburn might focus on the emerging market and just look at that part, which is fair enough. Yet the dangers of this new market would potentially be staggering and as such, how relaxed should we get?

Now, I am not really considering “materials made from leather waste – as leather. That could make it a harder sell for alternative materials claiming to be leather” from UK Leather Federation director Kerry Senior. He makes a fair point as spokesperson of the leather federation. I would stand on his side as I have had my fill with junk shoes from Australia, claiming it to be a leather shoe, only to learn that they usually survive no more than 4 months. So, that part I get. That still does not invalidate the path that some are walking on, the dangers that they would possibly introduce are many times more truly dangerous. Bad shoes are not dangerous, they are a mere irritation.

No, the first danger is seen in this quote “Ben Wurgaft, a historian based at MIT who is writing a book about laboratory-grown meat, applauds Modern Meadow’s ambitions but says that, given the speed at which fashion changes, the company’s success depends on whether it can scale up quickly“. It is not the applauding that matters, it is ‘whether it can scale up quickly‘ which could end up being the killer. Now let’s be clear, there is no immediate danger. That part we get from “Lee admits that the company still has a long way to go in terms of research and development, producing the leather, and being able to provide product samples“, which means it is still in research and there is no given timeline when the danger comes to town.

The final paragraph gives us a clear indication that the dangers are of a future nature, which is stated through “Even if the technology has advanced since he last saw samples and even if it could be usable as an alternative to leather, Senior doesn’t think it will be made in sufficient quantity or at a cost to be a viable option for most brands. It is interesting work, and the technology that is being developed could very well be the future for many products, Senior says. He adds, though: “I suspect it will be a distant future.””

So we know that even though there is a danger, there is no immediate one. Yet, what danger is there? For that part of the equation we need to look at the academic paper (at http://pub.epsilon.slu.se/1170/1/Avhandling_nr_070.2006_Tryckfil.pdf). It is titled ‘Recycled Biowaste as a Source of Infection‘, which is a 2006 PhD paper by Leena Sahlström. If the title was not unsettling, then consider the abstract which gives us “Biowaste and sewage sludge can be used as a fertiliser and soil amendment in agriculture. However if not treated efficiently before use, such products can contain microbial pathogens that pose a health risk for humans and animals“.

Here we get the first light onto the dangers we are about to expose ourselves to. You see, growing leather is one thing, which remains a lesser noble cause. Yet, the danger can be perceived in ‘whether it can scale up quickly‘, the moment this milestone is reached and True Grown Leather becomes a part of our lives, we will see an exploding need for this product, especially as we are looking at a market that might be no sooner than a decade away. What will you think will happen when the option is there? The industry will be all about upscaling product for maximised revenue and quicker return on investment, which is also a fact, because the ROI will take centre stage for producers. This also means that tweaking the process of production will be a very first issue, which will give us additional worries.

Now we add the second part from the abstract “vancomycin resistant enterococci (VRE) were frequently isolated from sewage sludge. PFGE and PhenePlate analyses showed that both VRE and Salmonella spp. were capable of persisting for some months and up to two years, respectively, in the sewage sludge. Thus sewage sludge may act as a reservoir of Salmonella spp., VRE and other pathogens“, which now implies that Biowaste could become at the core a sustaining factor for Salmonella and other pathogens is the danger that remains pushed into the shadows.

Because we have seen decades of evidence where mass production will take precedence over health and safety. For that you need look no further than the nearest Bangladeshi sweatshop, and that is just for T-Shirts, what do you think will happen when bio waste enters those premises? I know we need to shed 80% of the planets population, but can we all agree that a more humane solution needs to be found?

Still, the dangers are coming and to some extent they are already here, the additional growth from new emerging ‘solutions’ to what I perceive to be an ego based need is seen in “Antimicrobial resistant bacteria are clonally spread but a further dimension to the growing problem is horizontal gene transfer, where resistance genes may be transferred between bacteria of the same species or to other bacterial species or genera (Klare et al., 2003)“, so are we move away from the Samsonite Aluminium or the canvas duffel bag, as we look so much more ‘travelled’ with a leather duffel bag and backpack, we are pushing for a solution that gives us more and more antimicrobial resistant bacteria, yes, and we really truly need additional antimicrobial resistant bacteria in our life (add sarcastic undertone for dramatic effect).

It is that danger we see growing, not growing in the future, already growing now, which means that other bioware mass produced products will just push the events of danger forward, faster and towards more deadly niche events.  So, if  you read a new article next week regarding safely cleaning biowaste, remember that the academic paper I refer to is already 9 years old and so far, the countering of these dangers have been substandard. How active do you think Bangladesh, Pakistan, Myanmar and China are in countering biowaste? That is the additional question, because Biowaste has the ability to survive for a very long time, whilst the infusion of more biowaste is going on, on a daily basis. So how does this translate to dangers?

You might consider that there is no danger where you are, if that is your mindset, then consider the following part from the paper of Leena Sahlström on page 19 “The use of avoparcin, an analogue to vancomycin, which was previously used as a growth promoter in animal husbandry and is the believed cause of the common occurrence of vancomycin resistant enterococci (VRE) in European livestock, was prohibited in Sweden in the early 1980s. Despite this, there is still a rather high frequency of VRE in Swedish sewage (Iversen et al., 2002). Because of the way WWTPs work, using bacterial adhesion to particles in their treatment process (Godfree & Farrell, 2005), it is expected that VRE are found in sewage sludge as well“, so even after a ban close to 20 years before the event, it turned out that a rather high amount of VRE was detected in Swedish sewage, simply because of the way Waste Water Treatment Plants work. The danger found another way and as such it becomes mobile and procreative. You see I am a man of reasonable goofiness’, so when I consider the option that there is creation like procreation, if successful, only me and possibly one other get to be the party that requires a working solution. However, in the case of biowaste, the creators will place a burden on hundreds and perhaps even thousands of potential victims and in a greying population, a vast growing population of Antimicrobial resistant bacteria whilst no medicinal or antibiotics will be available, we would be digging our future straight into graves and urns.

Now, the last parts are all subjective and all based on a market that is not there yet, but more importantly, we are in an age where the law has been subjugated to the need of industry and profit for such a long time, there is a need for a true overhaul of the law an regulations in dealing with biowaste. The one element ignored in all this is that biowaste should be shunned as directly and strongly as biological warfare. Because it will get out of control and the consequences might not be stopped, because that side did not get the proper funding.

So even as we consider the very first line in the abstract by Leena Sahlström “Biowaste and sewage sludge can be used as a fertiliser and soil amendment in agriculture“, what happens when the VRE has infected the crops it is growing faster? What can we at that point rely on? All fair questions and at present there is no true long term answer or solution, so adjusting the law becomes paramount, so that places remain to have a future.

 

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July 10, 2015 · 21:47

Was it choice?

The guardian had an interesting article today, it is one point of view, but it is a driven point, a point from the view of some. Now, the article makes us ask good questions, it makes us ask the right questions too, but at the heart of the matter is the issue not phrased, what about the value of others? The article ‘When it comes to nudity, Facebook is little different than Victorian England‘ (at http://www.theguardian.com/technology/2015/jul/09/facebook-nudity-policy-censorship-freedom-of-expression) looks into the censorship. You see, censorship is always a tough question, when we consider ‘freedom of expression‘ censorship can creep in. This view might seem odd, but it is a direct confrontation between freedom of speech and accountability of what is being said. When I state ‘Bill Shorten is an idiot!’ The honourable BS might take offense, he might take no offense at all and most likely he will not give a toss what I think regarding him! The man just found out the hard way that Justice Heydon has the ability to make a man feel raw, grilled and roasted all at the same time! You see, we all (including me) all go overboard at times, we say a little more than we thought we needed to say and sometimes we show a little more than is acceptable, at this point censorship comes into play. You see, most men (nearly all) and many women do not care whether the young pretty 1st year university lady does the topless selfie and posts it to show that she is fearless, proud and whatever other emotion she had whilst doing it (like being slightly too intoxicated). Yet, people forget that social media is global, Facebook, Google+ and several other players reach hundreds of nations. Many have democracy and freedom, yet they all have laws and many of them have restrictions on nudity. India with its 1.2 billion people makes up for 16%-18% of the global population and they are just one nation, many other nations have even more strict rules, so places like Facebook, if they want to remain in the game, need to be a lot more strict in their application of ‘allowing nudity’.

Yet, this issue, would not have been an issue if there is a clear and equal cover. When we see “Jay-Marie Hill found that photos she had posted – of San Francisco demonstrations against police killings of unarmed black women that shut down rush hour traffic in the city, no doubt a newsworthy event – had been removed from Facebook because some of the female protesters were topless. Hill sees Facebook’s policies as racist, and “exceptionally forgiving to white bodies over other bodies and life experiences”“, we get another issue all together. However, is that the complete truth or a subjective truth?

The quote “Ultimately, these images were not taken down because we were ‘nude’ but because we challenged a system and made people uncomfortable” is a strong one. So was this about discomfort? That is a problematic question in the world of censorship, because even Facebook realises that in EVERY social media there is a point where someone, or a group can become ‘uncomfortable’. You see, censorship is negatively strengthened by two elements, the first being the people confronted with the question, the second one is the censor with his/her own feelings in all this. The second one will ALWAYS taint the first one, it is a mere fact. If you doubt that than look at the Australian censorship of videogames.

Could I walk up to a woman and state ‘I love you!’ or ‘I want to have sex with you!’? The directness is overwhelming in case one and extremely likely to be regarded as offensive in the second case. Yet, when I change that into ‘Are you interested in having sex with me?’ could be regarded as equally offensive, but why (academically speaking)? Analytically stated, it is a question, this one is likely to get either the answer ‘no’ or ‘NO!’ You see, this is not just about censorship, this is about our inner self, the bulk (99%) of the people are all in an ‘I must not cause a fuss’, which is basically an insincerity filter, which opposes honesty and directness. Even though directness when it is laced with what one might regard as ‘diplomacy’ might be seen as honesty shaded in grey (less than 50 of them).

In my view, when we turn to a life comprised of ‘shades of grey’, we will soon forget the true impact of either black or white, which I regard as a direct detrimental impact on our values. In addition, when we live in ‘grey’ mode, people are forever looking in a paranoid way, if there was something behind the meaning. If you want to test that theory, go to any person that is a mere acquaintance of you or slightly less than that and ask that person to join you for a tea or coffee, you will be amazed on the percentage of people that will assume something behind that request. It is the effect of living through ‘greys’ as I personally see it.

Let’s get back to the article, where we see “Although it’s true that Facebook’s user base is diverse, Facebook is not a “community”. It’s a corporation, and its users are its products – but have no say in how the space is regulated“, which is a very true statement, but seems incomplete. In my view it is “It’s a corporation, and its users are its products – but have no say as the space is mostly managed according to international laws“, you see, we all know that sex sells, so for the most, the more the ‘exposure’ the bigger the flock, yet Facebook must remain mindful of the national laws where the pages arrive (for example India and Muslim nations), because the one thing that social media fears most is the dangers of national bans or even possible prosecutions.

Now we get to the part that is debatable, or even as I see it incorrect: “Here, Facebook is making a distinct choice: rather than enable freedom of expression as the company often claims to do, it is imposing cultural conservatism by claiming that nudity is somehow dangerous. In this, it is little different than Victorian England“. No, I disagree! Facebook (and all social media) need to traverse a restless ocean of laws, where the most stringent one seems to be the one calling the shots. This gives us the issue at hand. The issue in the second degree is not social media, but the poster.

Let’s take a look at the case of ‘Frédéric Durand-Baïssas, who is suing Facebook for €20,000 ($22,000) in damages‘, why? Because his account got cancelled? Is this about the art, or about his ego? Consider that the painting in question can be seen unreservedly (at https://en.wikipedia.org/wiki/L’Origine_du_monde). So instead of Freddy posting the message with a link to the painting on a private website or in another way, we see that he decided to share the picture to a very wide audience. Very wide, because his friends got it, but the friends of those friends would have seen the link too (as it was on the timeline of this friend), which means we now have two degrees of projection. So, why did Freddy not think this through? I have seen loads of photographers sending me a link as Facebook might object to materials. So is all of this a mere storm in a teacup?

It might not be!

Consider the quote: “Men’s nipples are acceptable, but women’s are not. And despite Facebook’s seeming progressiveness toward gender (the platform allows users to self-define their gender), its treatment of transgender bodies is troubling: in one case, a user’s semi-nude photo was taken down and reinstated when they decided the user was a man – despite the user’s physical presentation and personal gender identity“, from a common law view, this could constitute discrimination, making Facebook look even less innocent than they thought they were, yet the overall situation of international laws remains a hot potato, one that seems to work in degrees, which is no help to anyone it seems. Japan is a clear example of the previous (see below)

Yet, is this truly about freedom of speech? So far we have seen a biased presentation of what people want to see, regardless of law. Is that the correct atmosphere to conduct events in? That is partially answered in the last quote “Despite being the main driver of profit for these companies, the user lacks all control over their own content. Even inside a closed network, we are still denied the opportunity to opt out of morality policing. If we want more control over what we can post and see, then we must fight for more control over the platforms we use every day“, it seems to be the simplest part “we must fight for more control over the platforms we use every day”, which is at the core of the issue, but the solution is as I see it quite simple, “we must own the platform we use for the freedom of our speech”, so as you install your own personal webserver, you can be the art evangelist all you want, but that is not what people wanted to do, they just wanted to post the selfie/painting and be done with it, in that path they forgot about the law of the land of the reader.

Yet if you do become a publisher at this point, you must also take heed of what comes next, as the enthusiast that becomes a publisher and cannot hide through an ‘innocent dissemination’ defence. When we take a quick look at the law, we see for example the Anti-Cyber Crime Law (2007) of Saudi Arabia, where Article 6 of this royal decree makes it a crime to produce, possess, distribute, transmit or store Internet content or a computer program that involves gambling, human trafficking, pornography or anything deemed to be against Islam, public morals or public order, which would have put Frédéric Durand-Baïssas in a real amount of trouble if he had uploaded it there. This is the only angle missing and the issue that I have with the article, which is nicely written. You see, Jillian C York is all about freedom of speech, which is fair enough, but global freedom of speech comes at a price, because not all places embrace it and social media needs to be careful where it posts, or soon be blocked from too many places, which would downgrade the social media company in less time than it takes to boil an egg.

So let’s be clear, I personally do not care, and when you see local/international actions like #FreeTheNipple where plenty are on board and most don’t care, but in all this the law is an issue and yes, in many places the law should be massively adjusted, if only to make sure that the baby can get fed. Those protesters should also realise that even though it is all good and fair to fight for the rights and freedom in their nation, not all countries are on board and even nations where there is a democracy and clear freedom of speech (like Japan) some of them still have Draconian laws on frontal nudity, which is an issue many US photographers had to deal with in the past, hence the use of social media becomes a bit of a loaded canon.

So was it about choice or was it on the pure indifference of law towards ‘freedom’ of speech?

It might be a little bit of both, but what is on par at present is that ‘enthusiasts’ who wish to make a name for themselves in social media need to learn that ignorance of the law will hit them square in the face more and more often, after which the clean-up operation (like getting your social media account back) will be another time consuming matter entirely.

 

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July 8, 2015 · 10:37

In the lull of news

As people brace themselves for the outcome of another Greek deadline, the US army will find itself cut by 40,000 troops and there seems to be ongoing talks between Iran and interested parties. The last one is the one that feels like it is largely ignored. There is nothing sexy on nuclear talks and unless you are Israel, most people do not care. Yet, is that the clear truth?

This is what the BBC gives us (at http://www.bbc.com/news/world-middle-east-33424502), “The so-called P5+1 – the US, UK, France, China and Russia plus Germany – want Iran to scale back its sensitive nuclear activities to ensure that it cannot build a nuclear weapon“, which sounds of course really nice on paper (and in theory). Yet, when we look at the quote “The sticking points are said to include the duration of limits on Iranian nuclear research and development, guidelines for international inspections and how sanctions will be lifted. Tehran is also demanding that the UN ban on the import and export of conventional arms and ballistic missiles be lifted as part of any deal”

We have to wonder for how long this ‘agreement’ will last and why we see ‘export of conventional arms and ballistic missiles‘, why is that? Perhaps certain Middle Eastern parties have been waiting on a Misagh-2 delivery? It might just be another model, so as we might understand that Iran would want to open options for import, the reasons for export are a little fuzzier as well as who would buy them? Russia? They have excellent missiles themselves and they supply them to nations all over the world too. So the question becomes, why allow for export? Especially when a captured stockpile of IS showed “26 of the recovered shells were made in Iran, an ally of Assad’s, and 18 were made in Syria itself, the report states” (at http://foreignpolicy.com/2014/10/06/where-does-the-islamic-state-get-its-weapons/). So certain parties are already getting arms somehow under an embargo, when the floodgate opens, the balance of power will shift in the Middle East, especially as certain parties are getting funded somehow (reference to Hamas). So even as we might not like, but could not openly object to Iran improving its defences (from Russian Stockpiles) there should remain a strong vigilant approach to not letting them export weapons of any kind.

In the Jerusalem Post we see the headline ‘Iranian official: US will remain our enemy despite emerging nuclear deal’, which is fair enough, and the quote “”Our enmity with them is over the principles and is rooted because we are after the truth and nations’ freedom, but they seek exploiting nations and putting them in chains” he explained further” is fair enough, we can’t all be friends, yet the problem is that its military commander stated ““This is the duty of the Muslim world to obey the order of the Supreme Leader of the Islamic Revolution (Khamenei) and arm the Palestinian people so that a powerful response will be given to the Zionist regime,” said Brig. Gen. Ahmad Reza Pourdastan, commander of the Army Ground Force” not too long ago (august 2014), which beckons the dangers of letting Iran export weapons. Consider that a mere lieutenant or a master sergeant can lose certain items in his depot at times, so how much can get ‘lost’ in a depot when a General is calling the shots?

Is that so far-fetched?

This is at the core if the issue, the heart of the matter is quite a different thing here.

You see, the core is about the enrichment. LiveScience had an interesting quote “Separating that type of uranium from the more common variety requires a great deal of engineering skill, despite the fact that the technology needed to do it is decades old. The challenge lies not in figuring out how to separate uranium, but in constructing and running the equipment needed for the task“, so if we accept “The key to their separation is that atoms of uranium-235 weigh slightly less than atoms of uranium-238” so if the approach of a centrifuge gives us “Each centrifuge pulls out a little bit of uranium-238, and then passes the slightly refined gas mixture onto the next tube, and so on, until many hundreds of thousands of spins later, the gas remaining in the tube is almost entirely composed of uranium-235” a clear explanation by Jeff Binder, the isotope production program manager at Oak Ridge National Laboratory.

Yet is that the only way? Stanford University has a course called Physics 241, where we see Uranium Enrichment by Misam Jaffer, who also gives us “Laser separation: The use of laser separation for uranium enrichment is based on the principle of differential photoexicitation of isotopes of uranium by the use of monochromatic radiation. One such process is the Atomic Vapor Laser Isotope Separation (AVLIS) in which the laser light used photo ionizes a particular isotope while not affecting the others and changes its physical or chemical properties which are then utilized to separate the desired isotope, which in uranium enrichment is U-235. In doing so, the U-235 ions are positively charged and hence are attracted to a negatively charged plate and collected“, we will get all kinds of ‘experts’ telling us how this is not as efficient, or other words added into telling us on how this is not good enough. Yet, with Brig. Gen. Ahmad Reza Pourdastan in charge in Iran, ‘good enough’ is not the issue, the issue becomes, is it good enough to make a dirty bomb?

That is the fear Israel has been dealing with, because when missiles start flying from around Rafah, they will not need a hit, it just needs to get close enough to Beer Shiva, Ashkelon and Tel Aviv to make the issue evolve into something truly terrifying for the middle east, because at that point the US has absolutely no chance of getting a hold of the situation. the fact that some of the negotiating players have no clue (or do not care) regarding that danger is seen in the quote “Foreign ministers of the other powers started to return to Vienna on Sunday to help push for a swift deal“, please give me one example where a nuclear ‘swift deal‘ was ever a good idea, and in light of the glow in the dark consequences, should the word ‘swift’ be allowed to be used?

You see, the end quote “US Secretary of State John Kerry said on Sunday that reaching an agreement is possible this week if Iran makes the ‘hard choices’ necessary, but if not, the United States stands ready to walk away from the negotiations” sounds nice, yet the reality is, is that the US has not had any clear defining diplomatic victories for a long time, in that light, the word ‘swift’ is not that reassuring and I feel 99.53324% certain (roughly) that it leaves Israel with not such a good feeling either, especially that any lifting of the embargo means that their Iron Domes might have to work overtime soon thereafter.

The last part is not just an assumption, with many newsreels on missile attacks on Israel in 2015 alone.

So how did we get from Iran to Israel? Simple, Iran is an open supporter of Hamas. In addition, the top leaders of the Iranian military are eager to carve their names in history in anti-Israel acts and Hamas is eager to oblige. The fact that ISIS is all over Gaza and the Sinai only makes matters worse. So as some might strip away parts of any embargo on Iran, they should also keep a keen eye on what they give away, because it seems that the issue is not just ‘what could aid Iran’, but these people are also contemplating (on a daily basis) ‘what could hurt the US and its ally Israel’, there is not too much on that side of the equation, which makes any ‘swift deal’ a worry for several players (read victims) involved.

 

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July 6, 2015 · 14:46

The mere legality

Now that the Greeks have voted to bankrupt themselves (blaming everyone else in the process), it is duly time to take another look at the part I touched on in my article ‘Dress rehearsal (part 1)’ on July 1st 2015 (at https://lawlordtobe.com/2015/07/01/dress-rehearsal-part-1/). There the issue that came from Danuta Hübner, Chair of the Committee on Constitutional Affairs, European Parliament, with the attachment I added in the paper by Phoebus Athanassiou ‘Withdrawal and expulsion from the EU and EMU‘

Danuta Hübner mentions Art. 50 of the Lisbon Treaty as well as Art. 140 Treaty on the Functioning of the European Union (TFEU). So, this is something we need to look at, because Greece has decided not to be responsible and before the papers and TV drown us in emotional issues, whilst keeping quiet that the debt of other European nations might go up and not by a small amount.

So, yes, basically article 50 is about ‘withdraw from the Union in accordance with its own constitutional requirements‘, which does not mean the others can throw Greece out.

So far, that part seems almost impossible, as Tsipras keeps on claiming wanting to remain in the Eurozone, the image given is that he would stay in because article 50 is all about voluntarily removing one’s self from the Euro. Article 7(1) gives us “On a reasoned proposal by one third of the Member States, by the European Parliament or by the European Commission, the Council, acting by a majority of four fifths of its members after obtaining the consent of the European Parliament, may determine that there is a clear risk of a serious breach by a Member State of the values referred to in Article 2“, which leads to Article 7(3) “Where a determination under paragraph 2 has been made, the Council, acting by a qualified majority, may decide to suspend certain of the rights deriving from the application of the Treaties to the Member State in question, including the voting rights of the representative of the government of that Member State in the Council”

In short, Article 7 is about reprimanding, even if all rights are suspended. That does not mean that they exit, which gives us two parts, the fact that France can walk away from the Euro to protect itself, yet Greece cannot get removed, which is not a given yet, there is a lot more to sift through. Article 2 is all about values, respect from Human rights and the rights of minorities, which does not have bearing on this precise case. The PDF that brought this to light, which by the way (due to an error on my side) is from Phoebus Athanassiou, my apologies for the earlier mistake in my previous blog!

“The idea that the treaties should explicitly provide for a possibility of expulsion was discussed in the 2001-2003 Intergovernmental Conference responsible for drafting the ill-fated Constitutional Treaty, but was abandoned“, so not only were politicians the start of the mess, yet NO ONE had the bright idea to consider that one player might not be an adult giving them all permanent headaches is beyond hilarious, the fact that this legal bright mind (trained in the UK) is also a former Lawyer connected to Athens Law Firm of Tsibanoulis & Partners, and a former consultant for Government of the Republic of Cyprus just adds to the humour. His paper from 2009 and now we are all about to learn how we wasted millions on representations from the ECB whilst they were unable (as it seems) to properly protect the members. In all this both Yanis Varoufakis and Alexis Tsipras must be howling with laughter as we learn that most papers had not even clearly investigated the marketing term Grexit, so even as Brexit and Frexit might become reality in voluntary secession, Grexit will not happen against the will of Greece, as the facts presently are given, but let’s take a look at the steps that come next, because the PDF I added on July 1st is truly a treasure trove (Phoebus Athanassiou seems to be hindered by extreme levels of brilliance).

There is however another consideration, if we look at Article 2, where we see “The Union is founded on the values of respect for human dignity, freedom, democracy, equality, the rule of law and respect for human rights, including the rights of persons belonging to minorities“, the question becomes, as Greece decided to ignore equality and rule of law, are they in violation of Article 2?

Consider, that the creditors are a factual minority (one set on wealth and power of decision), the Greek government took out loans, they signed of these loans, as they are not complying with the execution of the agreed terms, are they not breaking the law? In addition, Article 3(2) gives us “The Union shall offer its citizens an area of freedom, security and justice without internal frontiers, in which the free movement of persons is ensured in conjunction with appropriate measures with respect to external border controls, asylum, immigration and the prevention and combating of crime”

It is the part ‘prevention and combating of crime‘, so as we see that for decades Greece did not ‘uphold’ (read reform) taxation laws or properly prosecute tax evaders (one fined Bobolas ‘proper’ combatting tax evasion does not make), can we state that Greece is in violation in accepting the articles of the Union, as such, what could be made then?

I will be the first to admit that this is a mighty fine line, but in this game, could such a fine line be enough?

Article 3(3) is about several things, including cohesion, Economic, social and territorial. When we consider the economic part we get the thought that economic and social cohesion is an expression of solidarity between the Member States and regions of the European Union. This means balanced and sustainable development, reducing structural disparities between regions and countries and promoting equal opportunities for all individuals. The fact that Greece (one of many) has not been able to (or intentionally unwilling) to keep a proper budget, we get an unbalanced and unsustainable development, whilst these people (the previous administrations) have not been properly investigated or even prosecuted, which gives us possible transgressions of Articles 2, Article 3(2) and Article 3(3). So is expulsion still not an option in that hindsight?

So as we see that the makers of the articles painted themselves in a corner by only focussing on growth and ignoring accountability, we see that Greece either got really well informed, or just had the right page open on the right day, no matter what, the EEC is inheriting a mess it did not properly defend itself against, so even though the path was reached in another way, as we see this explode, it seems very conceivable that the fallout from this event will have a large impact on the chances of Brexit and Frexit as they will be voluntary. So even as the UN was bright enough to include their Article 6, where the member can send home in a not so nice way for ‘persistently infringing the principles of the Charter‘, it becomes clear that the overpaid makers of Treaty of Lisbon were a lot less clued in at this point (or so it seems).

As I see it, Dr Phoebus Athanassiou, Senior Legal Counsel with the DGLS of the European Central Bank (ECB) had nailed the issue fair and square in 2009, I am just appalled that journalists and politicians have either ignored the options, or intentionally misinformed the people, whilst the European member politicians had their ‘closed door‘ meeting.

As I stated on July 1st: “Consider the next news “Here’s Bloomberg on Schaeuble’s comments: German Finance Minister Wolfgang Schaeuble told lawmakers in Berlin that Greece would stay in the euro for the time being if Greek voters reject austerity in a referendum scheduled this week, according to three people present. Schaeuble also said the European Central Bank would do what’s needed to protect the euro if Greeks voted against the bailout terms in the July 5 referendum, according to the people, all of whom participated in the closed-door meeting on Tuesday“, is that why it was closed door? The fact that expulsion is pretty much impossible?

So as we now see “Angela Merkel, is to head to Paris on Monday for urgent talks with French president François Hollande over how to avert a growing Eurozone debt crisis” (at http://www.theguardian.com/world/2015/jul/05/germany-greek-referendum-anger-solidarity), which signals two things, the first is that Germany is not considering steps that will accelerate many things, pat of it will make Greece the pariah it should not have made itself, you see, the BBC and the Guardian are all about ‘negotiations’ and the, as we might regard it hollow statement from EU Parliamentarian Martin Schulz “he hopes that meaningful proposals from the Greek government will arrive in the coming hours because “if not, we are entering a very difficult and even dramatic time.”“, is that so? Because Greece can only leave the Euro voluntarily as we see it at present. Another voice, which is the Economic editor Robert Preston gives us even more to worry about. “The Bank of Greece could make unsecured loans to Greek banks without the ECB’s permission“, which could blow the Euro straight into the basement value, as well as “Or it can explicitly create a new currency, a new drachma, which it could then use to provide vital finance to Greek banks and the Greek economy“, which might be more likely, but does Greece have to go either way? Consider that the lacking law makers forgot to properly defend itself, now take into account that when Tsipras will let it all fall and food and medication are no longer an option, we get back to Article 2 of the Lisbon Treaty with “The Union is founded on the values of respect for human dignity, freedom, democracy, equality, the rule of law and respect for human rights, including the rights of persons belonging to minorities“, which means that the other EEC nations would have to foot the bill and come to the aid of Greece to deliver food and medication. All this because previous Greek elected officials refused to adhere to Article 3(2) regarding ‘prevention and combating of crime‘ (tax crime to be exact), as well as the economic cohesion thing, but the last one is one that pretty much NONE of the EEC members adhered too, so calling Greece on that seems slightly hypocritical from my side.

So as the creditors might resort to “Qu’ils mangent de la brioche” (let them eat cake), we see a dangerous escalation. I wonder how both Nigel Farage and Marine Le Pen will respond in the coming days. There is no doubt in my mind that this will impact Brexit and Grexit, especially as it will be voluntarily.

No matter how this plays, we already seeing images on how Greek retirees are getting hit all over the place. So as we see Tsipras playing ‘paper tiger’ stating “the vote showed that “democracy won’t be blackmailed””, my less ‘diplomatic’ quote would be: “No, you blistering idiot, you sitting on your hands and not seriously reforming taxation and prosecution laws is part of the direct reason of the mess we now see!” This is why we will now see articles like http://www.thenational.ae/world/europe/crying-greek-pensioner-the-story-behind-the-heartbreaking-photo, ‘Crying Greek pensioner’. Here we now see quotes like “I see my fellow citizens begging for a few cents to buy bread. I see more and more suicides. I am a sensitive person. I cannot stand to see my country in this situation.” And this is not even close to the tip of iceberg.

The next few days will be interesting to say the least.

 

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July 4, 2015 · 23:13

Ruled by cowards

That was my first thought this morning, the Guardian is full of news, on how Greece “needs up to €60bn (£42bn) of extra funds over the next three years and large-scale debt relief to create “a breathing space” and stabilise the economy“. Really? In all this, no move will be made until after the referendum, but the fact that Greece goes a way they do not like, a 60 billion Euro carrot is thrown into the mix. So as we see that the IMF now reveals a deep split with Europe as it warned that Greece’s debts were “unsustainable”, which we already knew, we see absolutely nothing on the accountability of Greece, its choice of politicians and it taken political policies in the last decade.

Consider the rules at creditcard.com ‘Preteens should learn that borrowing money costs money, and that when you borrow, you make a promise to repay‘, now there are two main reasons why things go wrong, the first is because things change, a person loses his job, a town falls into recession, these are usually temporary issues, and a delay tends to solve matters. Yet when the child has a compulsive buying disorder, that person will have all the toys and all the goodies and no usable credit card. Last there is the group of people who are both in denial and rationalising, this applies to Greece and pretty much the political BULK of the EEC.

They are in denial that they overspent and they are rationalising why it was spent in the first place. Greece being the front runner, because Greece is now in the hot water tub. More important, several players are now stepping on the plate stating things like unsustainable and debt relief, which was a given for a long time, yet NO ONE is holding Greece accountable (at present), for the things they did. It will be pushed towards ‘it was the previous people’ and these people are not to blame. We can allow for both to be truths, yet the current administration has done NOTHING to make serious changes, changes to prevent this from happening from now on. This makes them equally guilty. So as the Guardian published yesterday ‘IMF says Greece needs extra €60bn in funds and debt relief‘ (at http://www.theguardian.com/business/2015/jul/02/imf-greece-needs-extra-50bn-euros) and now follows it up with ‘IMF says no third bailout without debt relief‘ (at http://www.theguardian.com/business/live/2015/jul/02/greek-debt-crisis-athens-creditors-referendum-yes-no-live) yesterday, it seems to me that the people behind the screens are slowly releasing information in an urge to keep the status quo going, the fact that this will hit everyone down the track is not their concern, like former Greek politicians, they will leave it for the next person to solve.

What a tangled web we weave!

Now, we see additional hilarious statements as Yanis Varoufakis starts spinning its tail. With messages like “Europe has taken a “Political decision to shut the banks down” as a way to force Greece to accept a non-viable decision” on Bloomberg. Let’s not forget that the ECB had to give Greece 3.3 billion in emergency cash, making the total of cash through the Emergency Liquidity Assistance (ELA) €68.3bn (£50.3bn) (source: BBC), so this means, that whilst people can only get 60 euro’s a day, and as some source stated “Greek banks down to €500m in cash reserves as economy crashes“, we see that 11 million people could take out 660 million euro’s leaving absolutely no money left in the banks (or ATM’s for that matter), so, how about stating that the banks were closed because Greece had no money left? As a professor of Economy, I would hope that Yanis Varoufakis can use an abacus and calculate the dire situation for himself. Giving us the issue that as a politician he is spinning half-truths as I see it (I do accept that as a politician he had very little options to work with).

You see in all this, my massive issue is not the status this parliament is in, they were handed a really bad hand. It is the utter inaction that propelled this situation into the limelight. So why bash Tsipras and Varoufakis? That is the question I ask myself, because I must look at reasoning in all matters!

I have no hatred or ill feelings towards Greece, I always loved Crete! I have nothing against these politicians as persons (never met them), but their actions call into the light certain elements we must inspect and investigate, even within ourselves, because if we do not do that, we become players in the blame game and there has been way too much of that on many sides of the monopoly table.

Now we look at news with more ‘fearing’ upcoming events of utter negativity ‘Greek economy close to collapse as food and medicine run short‘ (at http://www.theguardian.com/world/2015/jul/03/greece-economy-collapse-close-food-medicine-shortage). First the subtitle “Alexis Tsipras urges people to vote no in Sunday’s referendum as capital controls bite and vital tourism industry sees tens of thousands cancel holidays in Greece“, how interesting as politicians and spokespeople were all about on how tourism was great and how the numbers would continue.

For example ‘The record boom in Greek tourism with more to come, says Tourism Minister Elena Kountoura‘ (at http://www.neomagazine.com/2015/04/greece-has-never-been-sexier-the-record-boom-in-greek-tourism-with-more-to-come-says-tourism-minister-elena-kountoura/), where we see  “All entities that deal with tourism including our ministry and the people of Greece have come together and joined hands so that 2015 will be an even better year. The feedback so far is very positive and we feel very optimistic“. Which is an April 2015 article, in my article of April 22nd, we see the Ekathimerini quotes, where the quote a drop of 50% came from, which I thought was overly pessimistic, it had foundations as Global Travel reported a predicted drop of 40% from the Russian shores. Now we see that Ekathimerini might be getting closer to the mark than we thought. Tourism is an important factor, because it is the first and direct influx of funds to the small business owners all over Greece, with a stated 50,000 tourist’s now changing destination, it becomes a very dangerous time for the Greek economy, when the tourists stay away Greek gets a new level of nightmares to deal with.

Then we see the quote “Greece’s economy is on the brink of collapse after the capital controls imposed ahead of Sunday’s referendum left the country with shortages of food and drugs” as well as “The survival of the Syriza coalition, formed just over five months ago to repudiate five years of austerity programmes, was in doubt as Greece started to suffer shortages of basic provisions, including the sale of vital drugs in pharmacies nationwide” You see, the second one is the problem, it hides another matter, the fact that a generic ‘commercial’ side can no longer survive in the Greek environment. I knew it was going to be bad, but this is showing another matter all entirely, a side many papers left in the shadow of the events. You see, if capital controls brought basic shortages to the surface, what else are the people (not just the Greeks) unaware of?

Consider the quote “Greek islands, where thousands of holidaymakers headed this week, have also been hit, with popular Cycladic destinations such as Mykonos and Santorini reporting shortages of basic foodstuffs. More than half of Greece’s food supplies – and the vast majority of pharmaceuticals – are imported, but with bank transfers now banned, companies are unable to pay suppliers“, and contemplate what capital controls allows for limiting the requirement of food and medication, unless it is done on credit, or done under a condition when currency has dwindled to zero. Of course the situation is not that simple, yet when imposed capital controls (as reported) stops food and medication from reaching the people. If it is a governmental ploy to push for a vote (not entirely impossible) than we can truly state that the game is changing for the Greeks and the power players behind the mirror.

This is given added weight when we consider “The ECB will meet on Monday to decide whether to step up its help to Greece under its emergency liquidity assistance scheme. The head of Greece’s banking association, Louka Katseli, told reporters: “Liquidity is assured until Monday, thereafter it will depend on the ECB decision.”“, so is this part of the fact, or is it another level? You see, if the Emergency liquidity opens the influx of medication and food, we have a nation truly out of cash. This is not a story that makes me happy, it is a sad continuation for a nation of people who have ended up with the short end of the stick for too long and in addition their latest government has done almost nothing to quell the issues that truly needed attention. So as we are now a day away from the referendum, we seem to bulk up question after question, most of them all relate to the referendum and more important, what will the consequence be on Monday?

Monday will be a milestone for the Europeans, not just the Greeks. You see, no matter what, the French and the Italians will be all about securing their borders, securing their financial status, because when we see Mark Carney all over the news with “He said the risk to the banking system in the UK has increased but added that the central bank was ready to take whatever action is required to protect Britain“, yet he also warned that Britain’s exposure to the rest of the Eurozone remained ‘considerable’” (at http://www.thisismoney.co.uk/money/news/article-3146443/Greece-deadlock-risks-UK-financial-stability-warns-Mark-Carney-adds-BoE-ready-action-protect-Britain.html). It is the part that is ignored by many people and a many reporters. You see, no matter what, France and Italy will be all about setting their projected and their presented status.

Yet, it is the French RFI that gives me “Elsewhere in Athens, in a backstreet with graffiti-painted walls not far from Omonia Square, is the Alexander the Great restaurant. Its terrace is full. But not full enough to keep the business running. “We have only 10 tables, down from 30, because the overheads were too high,” says Sodia Blacho, a lawyer who helps her father run the eatery in her spare time. “We are a family business. All our family members help around without being paid. We used to have 10 staff members but now we have only three left. We have to borrow individually some money to invest in the business and to keep it going.”“, this shows a different side. We all know that many restaurants are depending on tourism, but beyond that people have to eat, when places like this falter, is it a combination of issues? Not just the tourists, but what happens when business models fall under the changing conditions of an economy to this extent? I feel certain that there are more places, other places that have a similar issue to deal with. The interesting wisdom that people ignore as they bash a word called austerity, words of wisdom come from Dimitri Sotiropoulos, a senior research fellow with the Eliamep think tank, where we hear “Any type of austerity measures you can think of will be necessary in the next two years for Greece to stand again on its own feet and hopefully this will happen within the Eurozone. If it is going to be No, the prospects of Greece remaining in the Eurozone are very bleak”, the heart of Austerity ignored is a nation (actually pretty much all EEC nations) keeping a proper handle on its budget, when Greece falls, France and Italy become the next players that need to realise that the jig is up, no matter how committed and how up to date their payments are, when Greece falls 11 million people will start looking for any answer, anywhere in Europe to keep them alive and no one will be able to blame them. The news is only overshadowed by an article published today in the Economist (at http://www.economist.com/news/finance-and-economics/21656720-legal-reforms-may-help-chip-away-mountain-non-performing), where we see the quotes “the government last week introduced an emergency decree aimed at unblocking a backlog of bad loans. The hope is that this would allow banks to lend to more deserving companies instead and so boost the economy, which after three years of recession grew by 0.3% in the first quarter“, “This has become especially problematic as the financial crisis has caused the number of companies in distress to soar: annual corporate insolvencies rose from around 6,000 in 2007 to more than 14,000 a year in 2013 and 2014. The result is a mass of impaired loans—€325 billion ($360 billion) as of December“, as well as “Italy’s justice ministry has appointed a commission to come up with plans for a comprehensive overhaul“. This is all emphasised by the subtitle ‘Legal reforms may help chip away at the mountain of non-performing loans‘, nice to see an article to phrase what I have been telling for almost a year. Italy might have options as it is making changes now, not in a year from now when it is possibly too late, with almost 30,000 companies going bankrupt in the last 2 years, this year will be a cruncher for Italy, especially with a contracting economy. All this changes with Greece, with 2.6 trillion in debt, Italy is another player altogether, even though the Italian outlook is nowhere near deadly at present, the Greek situation will push Italy (France too) towards the Abyss, now Europe has two direct options, the first is the four nations banding together (UK, Italy, France and Germany), yet the UK referendum is not sitting well with the other three players and France remains an item too. If President Hollande, President Sergio Mattarella and German Chancellor Angela Merkel set up a triad of economy between Italy, Germany and France, there is an option for limited growth, in that vision the UK becomes a pariah as the referendum talks have been voiced, in all that Hollande has time, but once Marine Le Pen gains too much traction with National Front, his options are over. In all this, those players will drop Greece like a bad habit, because Alexis Tsipras overplayed a really bad hand and he played it badly too. No matter how ‘clever’ some see the acts, those with all the coin behind the mirror will not hesitate to take a bruise regarding Greece if it means keeping the total 5 trillion debt issue from both Italy and France safe, when that goes it all stops for everyone.

No matter how it all goes next, the one change that will fill the minds of the policymakers will be legislation and prosecution, the view on how it filed in Greece is something these two nations cannot live with, through all this the French and British referendums will sound and it will have an impact on all changes that insiders and outsiders would want. When these evolutions remain absent, its population will see to what extent they are ruled by cowards, for the mere simplicity of fact that at present no one will get out of this without skin in the game, Greece was not cause of it, it just brought it to the surface a hell of a lot faster.

 

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July 3, 2015 · 00:31

Let’s dance (part 2)

I promised to get back to the game of Finance, to some it is called 50 shades of Greece, to some it is called the work of Atë, yet I see it as the result of a cloud of Stupidity, Inactions and Desolation. Without massive changes Greece will end up without any future left.

This is not some prediction, because the nation is bankrupt, or in default or even in a bad place. You see, whatever ‘promise’ that comes from any of the banks, power players or politicians, throwing money at something that is inert and unproductive is just waisted money. The Juncker speech of three days ago (at http://europa.eu/rapid/press-release_SPEECH-15-5274_en.htm), gives us all those politically correct words, with the quote “And a deal could also have ensured that we, the Commission, could go ahead with a package for a ‘new start for jobs and growth’ package of 35 billion euro to help the Greek economy get back on track“, so that sounds nice, but that is not even close to the factual issue as I see it. If we include the overdue payments (yes, plural), we see that before the end of the year, Greece faces 2 payments of the ECB at 6.7 billion Euro. The IMF has coming 4 times 300 million Euro, plus 2 sets of 600 million Euro and 2 sets of 500 million Euro, in addition, there is the 1.5 billion Euro overdue and the 750 million Euro shifted payment, which Greece paid for using the IMF emergency funds. You all forgot about that last one did you not? Which makes for 5.65 billion, so these two players are due 12.35 billion Euro before the end of the year alone. In addition there are 10 treasury bills maturing with a total of 15.1 billion, the last one is an issue, you see if Greece is very very very lucky, those owners would be ‘willing’ to roll them over, if not, the max damage will be 27.5 billion in before the end of 2015. That is just expenses with NOTHING paid for and the interest due on the loans has not been taken into account either. The important part is, is the fact that over 50% of that debt is an unknown, because who exactly owns these Greek bonds? To whom is payment due? These are the events that Greece already has and I have mentioned them before, so why mention them again. Well, these facts are important to consider, because what Juncker calls ‘new start for jobs and growth’ is nice, but what will the politicians use is for? This fund covers 80% of the outstanding payments and ZERO towards reducing debt.

So how will the Greek economy get back on track? That is the killer question, because there is no given path. Greece has very little to export, it has relied on services for too long and there is no real resolution there. I personally will not trust rock star Varoufakis (a valid feeling as he has not propelled Greece forward in 6 months). A man of all smiles and no substance. His blog (at http://yanisvaroufakis.eu/2015/07/01/why-we-recommend-a-no-in-the-referendum-in-6-short-bullet-points/) gives us 6 short bullet points, yet as a professor of economy from the University of Athens, he gives us plenty of disturbing afterthoughts.

1a. refused to reduce our un-payable public debt
1b. insisted that it should be repaid ‘parametrically’ by the weakest members of our society, their children and their grandchildren.

My view?

1a. Why? Even though previous elected officials spend it, you still get to pay for it. You accepted the responsibility of office, which include a maximised credit card.
1b. Nope! It just needed to be paid in some way, again, as a result from previous elected officials.

So point one, being 2 points can be seen as a failure because Syriza did not do the following:

  1. Immediately start the investigation on prosecution of previous officials (which might be a farce trial, but it would have given the proper presentation that Greece is truly making a change, his smiley smiley rock star presentation missed the mark by a lot, with the added danger that Jean-Claude Juncker might not have any sense of rhythm or blues, making the act a double miss.
  2. Instigate a serious overhaul of the Greek tax system, mainly taxability and tax collection. Even if it was still underway today, if started in February it would have given a clear signal to those holding onto 7 billion plus, that this elected Greek government was a Greek government that wanted to create a true future for the Greek people. The stress of the last week would never have happened.
  3. Instigate prosecution of tax evaders, not just a sham trial of a man named Leonidas Bobolas (which is actually a cool name to have), that 1.9 million euro bill did not last long did it? How about placing Kostas Vaxevanis in the limelight and giving the clear message that tax evasion is now a thing of the past. Greece could have started to annex these back taxes, many nations would be on the side of Greece here (France and Italy most enthusiastically), in addition, giving the tax evaders an option to pay back tax +20% within a week, or back tax +150% when accounts needed to get frozen, misreporting would come at an additional 200% of misreported outstanding taxation. At this point Syriza would become the most popular band ever. In a group of 11 million, these 2045 people do not add statistically to number of Greeks and after the culling of outstanding taxation the debt might be a smidge lower, showing again that Syriza wanted a better Greece.

NONE of these actions had been taken by Greece in any visible way. So, Ο καθηγητής Βαρουφάκης missed the boat in point one already.

I am skipping point two!

  1. The Euro group had previously (November 2012) conceded that the debt ought to be restructured but is refusing to commit to a debt restructure.

My view? It could have been a fair point if Greece would have shown any economic evolution as mentioned in the three points (by me earlier), restructuring is pointless if the machine is not getting the overhaul it requires. I have stated before and now that in all this previous administrations have been key in the failure of the Greek economy. Not just because the Greek economy collapsed, but what was done to repair it all? What concrete actions were made between 2010 and 2015 to restart the economy? This is a much harder question to pose, because it intersects on what could have done and what should have done. Which is directly coupled to Junckers 35 billion Euro carrot, you see, dumping money somewhere, but how and where will the economy be revived? You see, no money and no plan is destitution, a plan and no money is a future, money without a plan is a spending spree and a plan with money is a solution. It is actually THAT simple. Greece has had enough spending sprees, it is in a state of destitution, so it needs to get a future and move towards a solution. This is a simple path, but 3 Greek administrations have not pulled that one off, so they are in the state they are in.

I am not proclaiming to have the solution, yet no one else have any either. With the Greying European community retirement villages are an option. How many does Greece have? Consider that the nations with a retired population over 16% is Sweden, Denmark, Germany and Austria. All nations where the life style has been good. Now add to this the people who will start their retirement in the next 5 years. Thousands of people in relatively expensive cold places, they can in some cases sub-rent their property and retire in warm, sunny Greece. The food is good, the people nice and they move from a life with 4 months of summer to a life of 7 months of summer and the removal of cold winters (compared to their home turf that is). It is not a solution, but it is a start. Greece needs to become innovative and change the game all together. It is extremely likely that these solutions have been looked at, yet, how deep. Too many people look at solutions to fill their pockets, how many looked at it with the intent to fill the treasury coffers? Greece has a second option, is to use the church. Instead of making a short sale of places that came for sale, how about ‘nationalising’ them as tourist accommodation, managed through the church? Move hotels from foreign investors to local hands! Just an idea to start growing the foundation of taxable income.

In all this, the ideas by me should be regarded as laughable. Yet, how many options have been inspected? You see the problem does not go away by throwing a few billion at it, buying all the fish leaves you with a double debt, learning how to fish and get the pond to yourself will leave you with a future. Greece has limited products to work with, so it either adds products or it adds services, services is a first, products is often longer term, unless it is the service that becomes the product.

In all this I still have to address one part I talked about earlier. I stated “they have left, what should be regarded as criminal activities open to reactivation“, there is some of it (at http://www.globalresearch.ca/goldman-sachs-doesnt-have-clean-hands-in-greece-crisis/5459498), more in the annals of history. the article gives us: “According to investigative reports that appeared in Der Spiegel, the New York Times, BBC, and Bloomberg News from 2010 through 2012, Blankfein, now Goldman Sachs CEO, Cohn, now President and COO, and Loudiadis, a Managing Director, all played a role in structuring complex derivative deals with Greece which accomplished two things: they allowed Greece to hide the true extent of its debt and they ended up almost doubling the amount of debt Greece owed under the dubious derivative deals“, no matter where all this is going, consider the Greek bonds. I massively objected in the past against Greece being allowed anywhere near the bond market in April 2014. Consider the total value of Greek bonds out there, are they covered? Consider that Greece is completely bust, the fact that from multiple sources that Greek cannot repay its debt (amongst them the Finance Minister of Greece). Consider that Yanis Varoufakis stated on March 10th 2015 “Varoufakis Says Greece Was Never Going To Repay Its Debts” (source Forbes). So how come that at THAT point certain steps were not made to use the reserve funds Greece had at that time to settle the bonds. When you consider my opposition to bonds in April 2014 comes into view with the consideration ‘The terms on which a government can sell bonds depend on how creditworthy the market considers it to be‘, so as some power players had (as I see it) inflated the Greek credit rating, the question becomes, is the Greek bond market a continuation of the ‘Greekman Sachs’ protocols as played to hide debt, as such, should there be a more serious level of criminal investigation? Moreover, who are the involved parties and why are other parties not truly digging here?

In the end, let’s be clear, there is absolutely no indication that any laws have been broken regarding the bonds, is that not the interesting part? The one part that could have limited the issues now playing (like adjusting laws) is the one action 10 years of government had not adjusted. That seems to have worked out very well for Addy Loudiadis, Chief Executive and Director, Rothesay Life Limited and Managing Director of Goldman Sachs and a few others (Addy was just the most visible one), in all this we see that Greece needs changes, the law most likely first.

So can the Greeks dance? Unless their parliament wakes up, it is only one of many skills a Greek will need to add to his/her skill set to get by after the ATM’s stop working.

 

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July 1, 2015 · 22:16

Prosecuting Facebook

As I was trying to complete a few legislative issues regarding Greece, I noticed that another part had been neglected for too long, so I decided to cut Greece in half (at least the story) and now take a look at the situation where Facebook might find itself getting prosecuted in the near future in more than one way.

This story started in the Netherlands. The story (at http://www.meuknieuws.nl/wraakpornofilmpje/) ‘Facebook loses lawsuit revenge porn movie Chantal‘. So what happened?

There is a girl named Chantal (now 21), who at one point gave oral sex to her boyfriend, and it got filmed (never a good idea). On January 22nd, through a fake account this movie was spread through Facebook, after which her life turned into a hell. Even though Facebook removed the movie, the damage was done and the movie got spread into all directions. Soon thereafter the fake account vanished. This is the act of revenge porn.

The case got a twist when all the data was removed after two weeks, the data was permanently deleted. Additional information in Dutch can be found here (at http://www.ad.nl/ad/nl/34821/Rivierenland/article/detail/4072928/2015/06/12/Facebook-gegevens-account-gewist.dhtml). The data was (according to Facebook) wiped. The Judge has ruled that Facebook must show diligence and present evidence that all options have been searched to find any data pertaining the crime. The judge also stated that if need be a third party has to be assigned to find and trace the information. Now we have two issues. One is to find the data of Chantal, the second is that the acts undertaken by Facebook could imply that Facebook could also be prosecuted at present.

Why?

Well, if we go through Common Law (Australia/UK) we see that in Australia the Crimes Act section 254 states:

Destruction of evidence

A person who knows that a document or other thing of any kind is, or is reasonably likely to be, required in evidence in a legal proceeding; and either

destroys or renders it illegible, undecipherable or incapable of identification; or expressly, tacitly or impliedly authorises or permits another person to destroy or conceal it or render it illegible, undecipherable or incapable of identification and that other person does so; and with the intention of preventing it from being used in evidence in a legal proceeding is guilty of an indictable offence and liable to level 6 imprisonment (5 years maximum) or a level 6 fine or both. There could even be complications as the lady was less than 18 years old giving the case additional uneasy sides.

Ouch Mr Zuckerberg!

In addition, hiding in the US on this is not much help either, this is seen in California Penal code 135 (thanks to the site of Attorney Seppi Esfandi), the penal code states:

California Penal Code 135[1] makes it illegal to destroy or conceal any evidence, written or physical, that you know is relevant to either a criminal investigation or court case. The two elements of the crime are:

That you destroyed or concealed evidence that you knew was going to be used as part of the investigation.
That you destroyed or concealed the evidence wilfully.

Interestingly, he also states a few common legal defences. The first one is the application of the word ‘knowingly’, which already makes it hard for the Dutch party to progress, the second one if destruction was not successful, so if the information is found after the fact it becomes not an issue, because penal code 135 does not have any ‘attempting to commit a crime’ issues. They can only be processed if the deletion was a complete success.

So, in all fairness, my first message to Mr Zuckerberg is to call Seppi Esfandi for advice as the man has 13 years of experience regarding penal code 135.

Why is this still an issue?

Well consider the following sources: ‘Facebook keeps track of every message you type – even ones you don’t post’ (at http://bgr.com/2013/12/13/facebook-user-tracking-deleted-posts/), where we see the quote “Facebook isn’t keeping a database on all these non-posts’ contents, mind you — it’s simply keeping a record of all the data surrounding self-censored posts such as what time it was almost posted and whether it was set to be posted on a friend’s page or on the user’s own page. Kramer and Das say that Facebook wants to understand all the reasons that people decide against posting because the company “loses value from the lack of content generation” every time a would-be post gets the axe” This is a core need in social media data mining, with the specific quote “Facebook wants to understand all the reasons that people decide against posting” which implies that a post would also have records created with a league of meta data.

Then there is this quote ““So Facebook considers your thoughtful discretion about what to post as bad, because it withholds value from Facebook and from other users,” she writes. “Facebook monitors those unposted thoughts to better understand them, in order to build a system that minimizes this deliberate behaviour”“, which we got from http://www.slate.com/articles/technology/future_tense/2013/12/facebook_self_censorship_what_happens_to_the_posts_you_don_t_publish.html. So in anyone deleted the post, there would have been a record.

This is part one!

Now for the next part. This part is seen in ‘Turns out ‘delete’ doesn’t quite mean the same thing to Facebook as it does to you‘ (at http://www.digitaltrends.com/social-media/deleting-facebook-posts-fail/). Here we see the quote “New evidence suggests that Facebook might not really be deleting the posts you think you’re getting rid of. In fact, sometimes these deleted Facebook posts are reappearing“. So if that is the case, than we have two tiered evidence. If these messages are remaining, it implies that there was a record, which also means that if the movie and its metadata has been deleted permanently, Facebook could be facing California Penal Code 135, as well as the issue in several nations where such events have been happening, the only part Facebook could truly hope for is that it is all settled in the US, as it becomes a 6 months versus a 5 year stretch in Hotel Iron Bar.

Even if the case cannot stick, Facebook will now feel the marketing pressure and condemnation that it unknowingly assisted in the transgressors of revenge porn to remain non-prosecutable. So even as US legislation is still trying to make heads and tails of the act from Rep. Jackie Speier, the fact that it is law in some nations cannot be ignored by a global company like Facebook, in addition, the fact that all traces are claimed to have been wiped is further cause for concern.

The question now becomes: is Facebook in danger of getting prosecuted?

That question becomes even harder to answer when we go back to the Digital Trends article where we see: “We reached out to Facebook about the issue, whose representative only pointed out Facebook’s Terms and Conditions page, and highlighted the fact that that when you actually delete content on Facebook, it only goes away if it’s permanently deleted – which is tricky. The problem with permanently deleting anything on Facebook is the fact that nothing is actually seemingly deleted. Just simply “deleting” content stores the content to a backup Facebook drive temporarily. As Facebook puts it: “Some of this information is permanently deleted from our servers; however, some things can only be deleted when you permanently delete your account”“.

That was exactly what happened, yet can there be verification on whether the user deleted it, or whether Facebook removed the user? That part is not clearly given (as far as I could tell). Yet, the issue of truly delete photos/videos on Facebook was never truly achieved until 2012, which means that the video in question was no longer there, yet the fact that no separate log of uploads was maintained in some way remains an interesting mystery, especially in the light of this legal case. In addition, some logging of the original account should also have been kept, again, interesting that this was not done. In an age where 4 Terabyte can be bought for a mere $250 dollars adds to the confusion of why not keeping this logging data, especially as mined data is the bread and butter of Facebook!

This case calls for several questions, the Lady named Chantal might never get a clear answer, yet that should not prevent legislation from taking a long hard look at social media, especially in the age of lone wolf terrorism, because next time it might not be a lady in ‘Bee Jay’ mode, it could be an extremist showing the combination of 4 chemical compounds, which according to Matthew Meselson, a Harvard biochemist is extremely easy, the fact that this could kill a boatload of people makes the dangers of social media a lot more intense, when that media starts to wipe overwrite, not delete) data of inconvenience, the world could find out the hard way on just how dangerous social media could be.

Revenge Porn has been deemed criminal in several states, although they are usually treated as misdemeanors (until the bill by Rep. Jackie Speier gets passed), the case in the Netherlands gives us an uncomfortable truth and that truth is that Facebook seems to be lacking in keeping some victims safe, because the logged logging data could have achieved that very thing.

To state it clear in the end, Facebook is very likely not guilty. I will not state innocent, because certain data, even for mere mining statistics could have remained with Facebook, whilst not breaching any privacy, enough data to give assistance to digital forensics to aid Chantal in her plight.

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July 1, 2015 · 19:06

Dress rehearsal (part 1)

That is the question in my mind, are we in the final preparations of a new theatre play that will change everything? In the Green Room we have the people in preparation of the new mess they are about to bestow on the people of the EEC. A game that changes everything, yet the people behind all of this have a short term solution, because soon they will move out of the seats of power with a golden parachute, a golden umbrella, a golden handshake and a gold watch. They will get the most luxurious life imaginable, only by prolonging the power players. That is the very first thoughts going through my mind when I was looking at the article ‘Greek debt crisis: day of decision for Alexis Tsipras‘ (at http://www.theguardian.com/business/live/2015/jun/30/greek-debt-crisis-day-of-decision-for-tsipras)

When we look at this production in the limelight, we get a few parts, the introduction is all about comedy with the quick comedy play ‘It’s Greece’s problem, says Kremlin‘, yes, as Russia distances himself from that lefty organisation called Syriza that has elements of Marxist–Leninist, Trotskyist and Euro-communist. Must feel really nice for Alexis Tsipras to be the debutante at a Kremlin ball, only to realise he gave away his cherry for naught and got left out in the cold afterwards. Which means that one option he thought he had just left the exit on the left.

The intro act comes from Mariano Rajoy, our Spanish player. The quote ““What would happen if Greece came out of the euro? There would be a negative message that euro membership is reversible,” Rajoy said in a radio interview. “People may think that if one country can leave the euro, others could do so in the future. I think that is the most serious problem that could arise (from a Greek exit).”“, reflects not on Greece, but emphasizes on the danger France is about to pose. The players are comprehending the dangers, the news on Greece is coming from a few direction, but right from the bat, the others are now starting to manage the news any way they can. My reasoning?

Reuters reports: “Greece has not yet made any movement in response to a last-minute bid by creditors to broker a deal to end a deadlock over the Greek debt crisis, the European Commission said on Tuesday. Greek Prime Minister Alexis Tsipras called European Commission President Jean-Claude Juncker on Monday night and Juncker, after speaking to the chair of euro zone finance ministers Jeroen Dijsselbloem, explained what a last-minute deal could look like, Commission spokesman Margaritis Schinas told reporters. “This would require a move from the Greek government which President Juncker asked (for) before midnight last night. As we speak, this move has not yet been received, registered, and time is now narrowing,” Schinas said“.

In addition we see from Reuters:

30-Jun-2015 11:19:20 – EUROPEAN COMMISSION SAYS DOOR OPEN FOR GREEK DEAL, BUT TIME RUNNING OUT QUICKLY
30-Jun-2015 11:20:27 – EUROPEAN COMMISSION SAYS NO MOVE HAS BEEN RECEIVED FROM GREECE
30-Jun-2015 11:21:05 – EUROPEAN COMMISSION SAYS GREEK GOVERMENT WOULD NEED TO ACCEPT PUBLISHED PROPOSAL

In addition we see in the Guardian: “Danuta Huebner, chair of the committee on constitutional affairs at the European Parliament, has tweeted about the legality of Grexit“, she gives the following Tweets “A member state’s exit from #EMU without a parallel withdrawal from the EU, would be legally inconceivable #Greece”

The link refers to a PDF (at the end of the article), where we see in the abstract “that a Member State’s exit from EMU, without a parallel withdrawal from the EU, would be legally inconceivable; and that, while perhaps feasible through indirect means, a Member State’s expulsion from the EU or EMU, would be legally next to impossible. This paper concludes with a reminder that while, institutionally, a Member State’s membership of the euro area would not survive the discontinuation of its membership of the EU, the same need not be true of the former Member State’s use of the euro”

So, if the abstract holds any level of water, have we, the audience been played? Are we the people now being misdirected by missing legislation because politicians could not do their job properly? That is the question, because one EU paper, does not policy make. The introduction gives us “Until recently, to talk of ‘secession’ from the European Union (EU) would have been next to absurd“, really? Did you policy makers remember a man named Adolf Hitler in one corner and Arthur Neville Chamberlain with the Munich agreement in the other corner?

A paper linked to all this by Karolina Boronska-Hryniewiecka called ‘The Risky Game of EMU Withdrawal‘, which is implied to come from the Polish institute of international affairs gives us: “The EC’s statement about the legal “impossibility” of EMU withdrawal stems from the fact that no European treaty has included a provision for how a Member State could leave the single currency area. While Art. 50 of the Lisbon Treaty provides that any Member State may withdraw from the EU on the basis of a negotiated agreement with the EU institutions, it does not mention anything about the possibility of exiting EMU itself. At the same time, Art. 140 Treaty on the Functioning of the European Union (TFEU) provides that the rate at which the former national currencies are substituted by the “euro” for EMU members has been “irrevocably” fixed. What also follows from the EU treaties is that while membership is voluntary, participation in the EMU, apart from certain exceptions, is a legal, if eventual obligation of every EU Member State.”

The links come from Danuta Hübner, Chair of the Committee on Constitutional Affairs, European Parliament. So why did no one properly look into this, or even report on this? I personally expected that the European members of constitutional affairs had their affairs in order, which means that if one local yokel (Alexis Tsipras) cannot get his act in order, there are decent steps that can be taken to either get that person in line, or expel his nation. Now we seem to get introduced that expulsion is not really an option. So in all the theatre plays we watched, it seems that the part, ‘expulsion is impossible‘ was never ever mentioned, was it?

And in addition we get “Reports are mounting that the Greek prime minister has not only accepted a deal but will travel to Brussels, possibly as early as this evening, to discuss it with senior EU officials. The deal, based on reforms proposed by EU commission president Jean-Claude Juncker late last night, is believed to have been rubber stamped at a meeting of senior government official held at the prime minister’s office, the Megaron Maximou, this morning. The German daily, Bild, is also backing up the reports, saying Tsipras has had contact with high ranking EU officials whom he will meet imminently. “The prime minister’s plane is at the ready,” the paper said.”

This all comes from Helena Smith from the Guardian reporting. So, I feel comfortable trusting the source here. So now we have ourselves a fifth act. You see, in my view this is all about opening 7.2 billion if the 1.6 billion get paid. It must be really comfortable for any banker to underwrite a 7 days loan, with a nice percentage knowing that this payment is the first payment out of 7.2 billion. At 1% that banker ends up with a 16 million euro bonus, that is, if it is only one percent.

Yet, is it not me? Am I trivialising things, perhaps even over-dramatizing it?

Consider the next news “Here’s Bloomberg on Schaeuble’s comments: German Finance Minister Wolfgang Schaeuble told lawmakers in Berlin that Greece would stay in the euro for the time being if Greek voters reject austerity in a referendum scheduled this week, according to three people present. Schaeuble also said the European Central Bank would do what’s needed to protect the euro if Greeks voted against the bailout terms in the July 5 referendum, according to the people, all of whom participated in the closed-door meeting on Tuesday. They asked not to be identified, citing the private nature of the discussion. The German Finance Ministry declined to comment.”

Now we have a ballgame. There is also an issue, why do they need to be ‘not identified’? It seems to me that the European Central Bank would need to do what’s needed to protect the euro. Yet, in light of what made the news from Danuta Huebner, chair of the committee on constitutional affairs at the European Parliament, we now need to consider what options are there?

These are important questions to keep in mind. Consider all the news I have brought in the last 6 months through my blog. This is now ‘set’ in the limelight with the Guardian article ‘Alexis Tsipras: Mr Reasonable seizes the initiative from Project Fear’ (at http://www.theguardian.com/business/2015/jun/30/alexis-tsipras-greece-deal-vote-referendum), how misguided is that title? The quote “Faced with Project Fear, Tsipras wants to be seen as Mr Reasonable“, is as misguided as it can. They have not just changed the game, they have left, what should be regarded as criminal activities open to reactivation. (I will get to that part in part 2).

First two quotes “It little mattered that the new blueprint from Athens had a shelf life of only a couple of hours before Angela Merkel said there could be no fresh negotiations until after Greece’s referendum on Sunday” and “Somehow or other, Greece’s debt burden will be reduced. It can happen through a deal in which Athens gets debt relief for economic reform. Or it can came through a default that would swiftly follow Greek exit from the single currency. Everybody knows this, and it is bizarre that an explicit proposal for debt relief was not formally made to Tsipras in last week’s talks”

You see, the game is changing, yet some elements have been ignored and some were never given clarity. So as Greece wants another extension 2 minutes before midnight, as they want another bailout of 30 billion with better terms, the game is now taking another term, one that the people behind the screens cannot contain, in the end, they are cutting their own veins even deeper than Greece ever did, but let me back that up with some facts, because without facts, this all becomes a rant (which anyone can get whilst reading the Telegraph, or an equally disastrous form of news coverage).

The quote “Juncker earlier told Tsipras that a last-minute deal was still possible if Athens agreed to sign up to the creditors’ proposals presented last Friday. He also dangled the prospects of debt relief for Greece and a €35bn “new start for jobs and growth” programme” from the Guardian (at http://www.theguardian.com/world/2015/jun/30/greece-brink-financial-collapse-imf-deadline-hours-away) gives us the salutation I made on May 6th (at https://lawlordtobe.com/2015/05/06/whats-the-matter), where I stated “when the voters learn that Greece is about to desire up to 30 billion before the end of the year, so that it can pay the outstanding bills“, so not only was I right all along, it is possible that the Greeks delayed because of the fear what it would do to the UKIP numbers and subsequently a first serious move away from the EU. Now, not only is Juncker offering 5 billion in addition, it comes with very little extra hardship for the Greeks, especially the previous Greek politicians.

Yet, now, as I mentioned, the game changes. With the migrant issues in Calais, Marine Le Pen is about to take control of another piece of France, which will soon prove to be really bad news for President Hollande. In addition, the quote “In January she asked French President Francois Hollande to suspend the visa-free Schengen Area in Europe and strip dual nationals of their French citizenship if they carry out “barbaric crimes”“, give us an additional change. It is not a given that the changes to Schengen will happen, but if it does, it is clearly in addition a preparation to move France away from the EU. Her statement a week ago clearly indicates the change she wants to impose.

In all this, Greece now stands alone, because the drive on the shores of Brexit and Frexit are now clearly stated in the news, stated by these politicians, which in case of Marine Le Pen is not a good thing for Europe, because unless her demands are met, she will call for an exit from the EEC, not just the Euro, which changes the game by a massive margin. So when I see the quote “but what Tsipras has done is seize the initiative“, it must be stated that it is an incomplete view, because the response from both the UK and France is about to give the world of finance a massive headache, one that will continue for the next 20 months, especially as Marine Le Pen ends up as the next possible leader of France, for which she is currently in the lead, ahead of Sarkozy and Hollande. The laughing whisper two years ago, is now a realistic threat, interesting how so many journalists missed this escalation.

There are more signals, all indicative of one more act on the floors of the theatre.

And the act starts with a gloomy theatre, men and women in black, handing a folder, from person to person, they all look at it for a few seconds and give it to the next person. This goes on and on. Yes, we get to the article ‘IMF: austerity measures would still leave Greece with unsustainable debt‘ (at http://www.theguardian.com/business/2015/jun/30/greek-debt-troika-analysis-says-significant-concessions-still-needed). The story already starts with questionable statements “Greece would face an unsustainable level of debt by 2030 even if it signs up to the full package of tax and spending reforms demanded of it, according to unpublished documents compiled by its three main creditors“, the reason that I call it questionable, is because Greece is what I call a 3G nation, which means it will take three generations for this debt to become close to manageable. So, with that I imply that the debt is still a massive form of pressure in 2061, there is no escaping it. Even with reforms Greece is no longer able to meet the interest payments and the payments after the payment reduction, unless it makes MASSIVE changes to its laws and its social system. This includes holding politicians accountable for overspending, making them prosecutable for criminal negligence if they cannot meet the budget. It is close to the only change that will start stopping the madness. In addition, tax laws need a massive overhaul, one that should be part of the IMF demand before Greece gets one additional eurocent.

By the way, Greece is not alone, Spain, France and Italy are all 3G nations at present. The UK is not that deep yet, but it will take a generation of hardship to get the debt under control.

That (secret) document also states “that under the baseline scenario “significant concessions” are necessary to improve Greece’s chances of ridding itself permanently of its debt financing woes”, is that even a surprise? I figured that out over a year ago, doing the math of my fingers, an Abacus was not required, this is exactly why I opposed Greece to be allowed back on the market selling another 5 billion in bonds. But the power players wanted their commission and as I see it a 100 million euro bonus is just too good to pass up.

So here in short is part one of this story. Certain elements are in play and have been in play for some time. Greece has done next to nothing to clean up its act, its laws and its massive shortcomings. As we see again the voices of many shouting against Austerity, we have to wonder whether people even realise what they are shouting against. You see, austerity is merely keeping a budget, for close to two decades governments have overspend every year, this is how Greece got into this mess, it had spent money that it never had. It is not alone in this pretty much every EEC nation is guilty of this and whilst some are still afloat, Greece is the first one who cannot even commit to the due interest bill, that is at the foundation of this debacle. So austerity is not a punishment, it is not a right, it is a mere responsibility and it has been forfeited by nearly every EEC nation for much too long.

I will give more answers in part 2 of this article, hopefully the day after tomorrow.

Withdrawal and expulsion from the EU and EMU

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June 30, 2015 · 11:33

Lack of vision

It is nice to see something else than the collapse of Greece, ISIS in Tunisia or one or two other things that have covered the front page in the last few days. Although the abuse I got from my statement “Greece is no longer for billionaires, many multi-millionaires can now afford to buy that country” has been hilarious. You see, it is all about vision. I foresaw some of the issues now in play months ago, I can also see the events as some of the status quo players are panicking as they need a solution, or lose a lot more than they bargained for. All that is almost a given. The media is looking at ‘sexy’ articles from economists on how austerity is wrong, but none of them are looking at the accountability a nation has, whilst not keeping its budgets in order is equally hilarious.

You see, the status quo people are all about continuation of THEIR needs.

This all links to the article ‘Twitter to co-founder Jack Dorsey: ‘We don’t want you’‘ (at http://www.theguardian.com/technology/2015/jun/22/twitter-dont-want-jack-dorsey), it is a week old now, but for some reason it had escaped my view. It is a decent article by Alex Hern, not just because of the way he wrote it, but the consideration given in there gives us another view that is the consequence of ‘lack of vision’.

In the article we get the quote “The Committee will only consider candidates for recommendation to the full Board who are in a position to make a full-time commitment to Twitter”. This is an interesting quote to have from a board, especially as Jack Dorsey is one of the co-founders of Twitter. The wiki quote “The first Twitter prototype, developed by Dorsey and contractor Florian Weber” gives us another insight. Jack boy was at the heart of the birth of Twitter and this board is now stating that they rather have a full time commitment person. So as Jack is not the person they want, let’s take a look at the vision that Jack build.

Because of an issue one of Jacks friends had, he came up with another idea in 2008, it founded a company called Square. Even though Square is not doing too well, I personally think that this could be turned around. In my personal view competitors of Square have been having a go at this, because of the threat they feel. Square is a sound idea, I reckon it has a decent future if someone with international Gravitas (read: massive brass balls/boobs) gets involved. Even though Business insider has been a little too kind on Jack Dorsey (comparing him to Steve Jobs is a little bit of a stretch), it is clear that this man has vision.

In my view the quote “According to Nick Bilton, author of Hatching Twitter, that first ouster came because he didn’t spend enough time in the office, leaving work “around 6pm for drawing classes, hot yoga sessions and a course at a local fashion school”. “You can either be a dressmaker or the CEO of Twitter,” the company’s co-founder and Dorsey’s successor as chief executive, Evan Williams, reportedly told him, “but you can’t be both.””

On one side there is the idea that the speaker has a point, the other part is that the speaker needs to be a civil servant and not much more. This would reflect on Peter Currie, the chair of the committee, it seems that he was, or he knows where that quote came from, whilst he is identifying a permanent CEO, he seems to be missing the point. Being a 60 hours a week workaholic does not make the quality of work better. It just gives you grey hairs a lot faster, without the benefit of yummy moments whilst they changed colour.

You see, Jack Dorsey is one of those people who needs the additional things like hot yoga and additional fashion lessons because his next idea could be just one course away. One simple conversation, an interaction with for example a nurse trying to fathom the hammock for her little girl and jack could suddenly get that next golden idea, which is likely to benefit both Square and Twitter. For those board members (read: Evan Williams), let’s not forget that some people get their golden idea’s in other ways. It seems to me that from what I have seen, Jack Dorsey and Evan Williams are opposites to a larger extent. If Jack Dorsey is seen as another Steve Jobs, than Evan Williams should be seen as the next Bill Gates. They are totally opposite and whilst the board is trying to figure out which alpha designer they should side with, it might not be a bad idea to find a way to make it work with both. Having two visionaries in your flock is beyond extremely rare. I personally side with the Jack Dorsey’s. I have no business pattern no set discipline, other than my dedication to get the job done. Beyond that my mind wanders on other venues, trying to solve that next puzzle. In that view I saw that hiring specific people for Square could solve their customer service part. Consider the quote from Gigaom (at https://gigaom.com/2009/12/01/jack-dorsey-on-square-why-it-is-disruptive/) “My view is that Square (or something like Square) is going to disrupt the businesses of companies such as VeriFone and Symbol, a division of Motorola that makes point-of-sale devices. Verifone makes a $900 wireless credit card terminal vs. Square, which runs on a $299 iPod touch“.  Yes, this 2009 quote is industrious in shape, size and concern. Whilst places like Verifone are sitting on a business model that does work, Square revolutionised the idea overnight, basically, small business owners would have a tread stone of growth whilst avoiding all kinds of initial investments. Square is that golden idea the interaction of technology and innovation. That is at the heart of vision, how to make it all work differently!

What will be the next vision?

Consider these quotes: ‘People Want Safe Communications, Not Usable Cryptography‘ and ‘76 percent of consumers were not very satisfied with technology’s ability to make their lives simpler‘. There is a market, its consumer base is greying and they need a simpler solution that gives them access without heartburn of an instant stroke after a dozen error messages. The need for simple interface software, but with a range of options is a desire for literally the young and the old. The young because they don’t comprehend, the old because they don’t want the hassle. In all this, markets that are reason for powerful growth and Twitter is in the thick of it. Which means having both Jack Dorsey and Evan Williams is a good thing. If the G-spot of financial advisors is a growing customer base, than the revolution of both Jack Dorsey and Evan Williams, could spell an age of loads of financial orgasms, so as we cater to an evolving mass of people, one cannot have too many visionaries in one building. In all this there is the hardware that changes and the software that grows, whilst the media remains hungry. In all this, vision is the key to unlocking the universe where we live in.

So when we see the quote “Project Lightning is one: the new feature sees Twitter taking an active editorial role during live events, seeking out the best content both on and off the network and embedding it in a dedicated section of the social network’s app“, with the mentioned similarity to Snapchat’s Live Stories, we have to consider that Twitter is now entering an iterative state where it follows ‘other peoples visions‘ to grow its base, in all this I state that catering to the eccentricities of both Jack Dorsey and Evan Williams might be the solution to come up with something new, making Snapchat follow the new Twitter ideas, not the other way round.

So in this we see the need for vision, not to applaud the lack of it.

This we see in the article ‘How same-sex marriage could ruin civilisation’ (at http://www.theguardian.com/science/brain-flapping/2015/jun/29/same-sex-marriage-ruin-civilisation-science), please do not worry, there is a link in all this!

Let me start saying that as a Christian, I do not care! I think any person should find the happiness that they feel they deserve, if that is in a same gender relationship, than that is just fine with me. Finding happiness is already rare enough, having it denied is just utterly counterproductive. You see, someone Facebooked Leviticus 20:13 the other day “If there is a man who lies with a male, he should be stoned“, the fact that the US legalised marijuana the same time it legalised gay marriage is just slightly hilarious when you consider Leviticus. It is all about looking differently at things.

Which is not the view the Guardian article had by the way. Now we get the quotes “Constant exposure to rainbows could mean people can’t see colours as well, and this could be disastrous. How will they know when to stop or go at a traffic light? Or which wire to cut when defusing a bomb?“, which some would call ludicrous, because we can always appreciate colours, only the colour-blind have a predicament, so they will not pass military service requirement, which means they will never defuse a bomb, as for the traffic lights, they can see when the top, the middle of the bottom light is on, which means there is no impact on that either, a science article loaded with half-baked truths and inconsequential arguments. This is how we should see some boards of directors. Their fear of requiring a status quo is now possibly hindering progress.

We need to move forward by innovation, by doing something different, because stimulating the brain is the cornerstone of innovation. For people like Evan Williams, it seems to be narrowly focussing on something related, which is fair enough, for some people that makes a difference, for people like Steve Jobs and Jack Dorsey it is to get exposed to a field of events as wide as possible. It is not entirely unlikely that Jack will attend a course in Biomathematics only to come up with a new biometrics concept that will ensure data security for the next generation. All missed because a board of directors has an issue with what they called ‘dress making’.

You see, I find their stance slightly offensive, it is for that same reason I have been so harsh on Ubisoft. After it made its billion, it moved deeper into business models, which is a bad thought, I understand it from a business point of view, yet consider that video games are art. A business model will decrease the chance of failure, yet in my view it equally destroys the option of ‘exceptional’, the line between ‘genius’ and ‘murky’ is pretty thin. I listened for too long to corporate short-sightedness only to realise too late that they were clueless to begin with. People fixed on PowerPoint presentation de-evolving from ‘status quo’ to ‘getting by’.

And my evidence? Ubisoft has not produced any revolutionary game with a 90% plus rating (truly revolutionary games, not what their marketing calls revolutionary) for some time. The next evolution in games is mostly coming from the independent scene, those pushing forward on their own, remoulding a view and bringing true originality. Examples of this view is Mojang (Minecraft), Campo Santo (Firewatch), The Chinese Room (Everybody’s Gone to the Rapture) and Hello Games (No Man’s Sky), there are more, the larger players have been slacking in titles and in quality of games. They forgot to take a leap of faith, whilst relying on business models.

We see this more and more, considering that Elder Scrolls online has had massive delays, than the PS4 community gets “it’s even worse considering some cannot play on the games release date“, which is after a year delay. I came up with a sequel to Skyrim early 2014, no online, no multiplayer, just an option to make millions of gamers happy. It took me three hours to get the first idea, a few more hours to put part of this to paper. In addition, I randomly designed a new game in my head, no business model can correct for this. Is that it? No, I came up with a new concept for the game developing of RPG games. It remains in my head because I am a decent database programmer (as well as data cleaner and so on), but I am not really a programmer, which gives me a slight disadvantage. I will work it out sooner or later (likely later as I am finishing a law degree).

So I feel for Jack Dorsey and I am on his side. In the end, Jack will come up with another golden idea which will bring him millions, I hope he does that. That board of directors is another matter, these people seem to get the quorum to hold on to status quo and they will also have a person to blame when issues go south. This is at the core of my resentment of ‘the business model’ in the field of creation. It depends on what was and cannot truly value that what has not been made yet.

It is a lack of vision that drives us into extinction, not time. Because time makes us old, vision makes us wise.

 

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