Tag Archives: AfD

It’s all about interpretation

It started late Friday for me when the Financial Post gave me ‘Fearing Huawei curbs, Deutsche Telekom tells Nokia to shape up‘, the article (at https://business.financialpost.com/pmn/business-pmn/fearing-huawei-curbs-deutsche-telekom-tells-nokia-to-shape-up-2) gives a few items and linking that to another post gave me a lot to consider. First we need to see “Deutsche Telekom has told supplier Nokia it must improve its products and service to win business installing the German group’s 5G wireless networks in Europe, according to internal documents and a source with direct knowledge of the matter“, the issue is twofold, yet the important part is not a given. Here we see the story behind ‘Nokia must improve its products and service‘, yet the story focuses on services, a little less on the product. So as we take notice of “the German group considered Nokia the worst performer among all suppliers in 5G tests and deployments“, yet because of the US bully tactics, Nokia is feeling a little too safe to be worried, which is nice for Nokia, but it is one of a few items hitting the European Telecom providers. The entire Nokia matter is shown with one simple statement “Deutsche Telekom’s willingness to give Nokia another hearing shows the difficulties mobile companies face over pressure from the United States“, it is more than bully tactics, the station we now see is that those giving in to the US are facing 2 larger ones, the first being the implementation by players like Nokia on a European front, the larger issue is not merely Nokia, the larger issues is seen in the IP Watchdog that gives us (as did the news a few days ago) ‘Huawei Sues Verizon‘, we are given that “Chinese telecom giant Huawei filed two lawsuits in U.S. district court, one in Eastern Texas and the other in Western Texas, asserting claims of 12 patents against Verizon Communications. The suits were filed after Huawei “negotiated with Verizon for a significant period of time”“, let me explain why it is a larger issue. 

Firstly, the fact that we see ‘negotiated with Verizon for a significant period of time‘ leaves us with the larger setting that this isn’t nothing, in addition, as the US was so proud to give the stage of 5G ready, we see that at least one vendor might not have been ready, no matter how this case slices and dices 5G, a dozen patents are in this, as such they can be checked and if so, the entire 5G bubble will explode (not burst) in the Trump administration face right in the middle of re-election. In addition, the fact that the US has not given one part of evidence setting the stage against the US at present gives a much larger scene over the optional backdrop of failing US equipment whilst they are trying to roll out 5G, in light of all this that earlier speculated 4-6 years delay for national 5G will optionally reach up to a decade, which means that the entire 5G setting is game over for the US (optionally depending on this trial). As I personally see it, the Trump Administration will have to rely on the brightest minds at the USPTO (United States Patent and Trademark Office) to investigate BEFORE the trial commences how big an issue it might be, if that is not done the Trump administration will end up with egg on its face whilst the 5G networking issue will hang around its neck like an anchor keeping them in place, it would be a global setback for them.

Now we cannot state that Huawei has a case or that Verizon is innocent, but a dozen patents will impede it as they need to be examined and the courts will take up to two years, no matter what delays are seen, if Verizon continues, all their revenue will go straight to China with a lot more in penalties, that was never in anyone’s cards.

Returning to the FP we also see: “It is well known that Deutsche Telekom is pursuing a multi-vendor strategy so that we are not dependent on just one supplier. This is an elementary part of our security philosophy,” said Claudia Nemat, Deutsche Telekom’s head of technology and IT. “In 2019 we have made many steps together with Nokia to make Deutsche Telekom’s networks evolve towards 5G readiness, including all network domains, from radio and fixed access to transport and core, and continue to do so in 2020 and onwards.” Federico Guillen, Nokia’s president of customer operations in EMEA and APAC, said: “We continue to work extensively with Deutsche Telekom which is one of our most significant customers, both in Europe and the U.S.”” this all makes sense, there is no hidden agenda (or is there), most larger companies will not be set to the leash of one large giant, there is no opposition to that, but in this case we see that for some reason Ericsson is not considered, a Swedish company that is supposedly ready for 5G deployment, now we can say that Ericsson is a large player and it is (to some extent) the pride and joy of Sweden with as far as I can tell a much larger state of international readiness than Nokia ever was, as such why is the focus on Nokia? In this stage of 5G and the need to grow where a telecom player can, why is Ericsson not regarded as a backup for Nokia? When we realise that “in 2017 Nokia was dropped entirely from that market segment when Ericsson was handed a 30% share of Deutsche Telekom’s spending on it, reports in the trade press said at the time. It was the first of several wins for Ericsson“, Ericsson is indeed the other player, it seems like a desperate setting to have merely to keep Huawei out, so in this, these so called cut-throat players are unwilling to play hard ball. I wonder why? I have seen some of these players play fast and loose and play hardball as well and seeing the optional failure by Nokia and the subsequence unwillingness to consider Huawei, we see a puch from Germany orchestrated by the US, the EU 5G solutions will take a firm beating at present making them (optionally) ahead of the US and optionally behind other players, players that were never in such a high place before and that was before the patent infringement accusations, now the mess becomes a much larger setting.

All whilst we consider “Deutsche Telekom then suspended vendor talks to await the outcome of a debate in Berlin over the security of critical national networks, where senior lawmakers from Chancellor Angela Merkel’s conservative party back the U.S. call to bar Huawei” in this I believe that the US has set the fate of Angela Merkel as well, when the US stumbles even once, and the beginning of that was shown 5 days ago (at CNN) with ‘Angela Merkel lambasts her party’s cooperation with far-right AfD‘, this 5G anchor is not merely around the neck of Merkel as well, it could limit the actions of the CDU and give power to the AfD. Even as we take notice of ““It’s a very big deal … the consensus amongst democrats that there would be no cooperation with far-right parties ended yesterday,” Kai Arzheimer, a professor of Political Science at the University of Mainz, told CNN. “So it was a historic day,” he added“, the impact is larger, when the US bully tactics are seen for what they are, and as the US remains debatable in not presenting any evidence against Huawei, there is every chance that the far right in Germany will get to shout that the CDU has reverted to being a puppet of the US and they will point at Deutsche Telekom, a group laced with cut throat profit makers as evidence, the moment that is accepted, the US will not merely lose Germany, at that point it needs to consider France, the Netherlands and Spain lost as well, Italy is a larger problem (for Huawei) but it is too early to shout on that. In addition, as 2 of the big 4 change course, especially as the patent infringements fire up the others will take money for promises and full steam reverse whatever plan they had, the waters will be too shallow and too dangerous to sail in the US domain.

All this remains an issue when we see the Huawei stage of affair as they give the world “Huawei negotiated with Verizon for a significant period of time, during which the company provided a detailed list of patents and factual evidence of Verizon’s use of Huawei patents. The two parties were unable to reach an agreement on license terms. “We invest heavily in R&D because we want to provide our customers with the best possible telecommunications solutions,” continued Dr. Song. “We share these innovations with the broader industry through license agreements.”“, this does not give any details of who is in the right, but if the Apple Inc. v. Samsung Electronics Co. is anything to go by, the court took almost 5 years and in the end “On December 6, 2016, the United States Supreme Court decided 8-0 to reverse the decision from the first trial that awarded nearly $400 million to Apple” in this there is a larger stage to patent infringements and in this it was a global impact, in the Huawei case it is more than merely infringement, if the US has a 5 years setback there will be a much larger stage and even as the US wants to push through this case, the world is watching. Not only has the US given accusations against Huawei without clear evidence for the world to scrutinise, the Patents will be open to read for all and this changes the stage to a much larger degree. The fact that the Apple issue went past Dutch, Australian, British, German and Japanese courts give rise to that, the Huawei case could be an equally large and for the US a much larger consideration towards indiscriminate judging of American values, the world will scream for evidence in the middle of an election campaign, it does not sit pretty to be part of this administration. OH and the Apple trial was merely about a phone, a 4G phone, the Huawei stage will be about 5G and the infrastructure, the stage where the US is screaming on Chinese intervention whilst Verizon is delivering all over the US equipment allegedly based on Chinese patent transgression would feel uncomfortable in anyone’s point of view.

There is however the other side, Verizon is still on the ‘There’s 5G. Then there’s Verizon 5G‘ horse. I get it, it is their marketing, so when we see ‘Not all 5G is the same‘ where their hype creation department (read: marketing) gives us “Verizon 5G Ultra Wideband has the power to deliver speeds more than 10 times faster than some other 5G networks” here we see a dangerous tune, that is when you disregard ‘Ultra Wideband‘, the stage becomes that they are about to go to court with a dozen patents linked to their name, patents owned by Huawei. And as we were treated last Thursday to ‘Verizon sticks behind ambiguous 2020 DSS rollout plan‘ (source: FierceWireless) we get the stage where their entire marketing needs to sit on their hands, the moment this gets to court and the Patent lawyers will go over every word and punctuation, when the Patent IT people will investigate the claims and this hits the news cycles 24:7, Verizon will need to steer in different directions and the US administration will push them, the last thing this administration needs is a global expose on Chinese patent infringement all whilst they are pushing non-Chinese hardware on a global scale, the entire Verizon issue, whether true or not will be tested in courts and that is a large bone to pick, even today the 9 years old case between Samsung and Apple is on the minds of too many people, this was a setback the US could have done without.

It does not matter at present who is in the right, this will drag on for years to come (as court cases on infringement do) and it will hinder 5G growth in the US and 5G deployment  in Europe, in all this Huawei has too much to gain and the lack of evidence on Chinese government interference claims will not help any, not until clear evidence is presented by the US administration, which is unlikely to happen.

This will be a new technology in waves of interpretation, it is so because the US never gave the rest of the world evidence on Chinese government dangers and that is about to backfire. When this hits the media, it is more likely than not that Verizon shares will plummet, it will plummet to below values they had on August 14th 2019 ($55.72), which would make it a 15% drop which in 5G terms translates to the first coffin nail that Verizon will have to swallow, I reckon that at that point corporate reorganisations will be the talk of the day at Verizon for weeks to come.

Can it be avoided?

That is hard to say, we need to see that interpretation goes both ways and the patent infringement accusations are a larger issue, until we see them investigated by qualified senior Patent lawyers (like the USPTO has) we are merely speculating and even after that, as the court starts it will impact and impact larger than expected. Avoiding that stage would have been the issue to a much larger degree and the talks that ended in no resolve might require a push from the US administration to get those resolved, still the accusation is in the air, that had to be avoided (as I personally see it), no matter what deal is struck, we see the accusations against Huawei whilst Verizon was optionally (and allegedly) using Chinese technology in their hardware. That part is now in the open, and questions will be asked internationally, if not by the governments, it will be a good stick for their opponents to use with any of their upcoming elections. 

Settling this beforehand was the larger economic need and it was not done (not judging whether the cases will have merit at present). That is what a lot will remember in the end, especially those who needed a big stick, Huawei just gave them a bat to end most matches.


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The slammer got slammed

There is nothing so rewarding as the moment you realise that you get to slam the door on those slamming the door on you. It is an innate feeling that is in the core of all of us. It is more powerful than getting the drop on your boss or CEO with an overwhelming amount of narcissism and the overbearing feeling towards the need of being some dominant / dominatrix figure (at that point they become merely a figurine).

I made several references over the course of 2018 that this was coming, the stronger one in May 2018 (at https://lawlordtobe.com/2018/05/05/milestones/) where I made the reference: “the EU was never about everyone agreeing on everything and the economic setting that requires that to happen at present is also making the dangers of waves that sinks the barge called EU. Now, that seems like an exaggeration, but when you realise that the German anchor is the only one giving stability, you can see the dangers the EU faces and more important, the dangers of no reserves and an utter lack to keep proper budgets in place, a setting now in more danger for the reasons that I gave supported by the economic views of many others. I believe some are downplaying the impact, yet when we realise that EVERY European Union government is downplaying the economic impact (as every nation always wants to look as good as possible, which is a PowerPoint setting of the human ago) we get a much more dangerous setting“. The article ‘Milestones‘ has more, it also has references to the AfD (Alternative for Germany), and even as we see in the Financial Times (at https://www.ft.com/content/d695fff8-b838-11e9-96bd-8e884d3ea203) “It is a happy hunting-ground for the AfD: if polls are accurate, it could emerge as the most popular party in regional elections on September 1, even beating the left-of-centre Social Democrats which have governed this corner of East Germany since reunification in 1990. Two other eastern regions, Saxony and Thuringia, are also choosing new parliaments this autumn and, as in Brandenburg, the AfD is set to make big gains. That is a major problem for the eastern political elite“, I believe that this powerful eastern political elite is part of causing the headline ‘Germany: AfD surge threatened by party disunity‘, they are that scared at present. The gains cannot be stopped not to the degree some elitists are vouching for; the best that they can hope for is derailing them from becoming the majority, which is actually a political war that is allowed. The question becomes will it work?

We are 2-3 weeks away from finding out.

CNN gave us less than 2 days ago: ‘5 of the world’s biggest economies are at risk of recession‘ (at https://edition.cnn.com/2019/08/14/economy/recession-risk-economies/index.html), it is a huge part because the impact matters. Under Mario Draghi and his bond buying program, there are no reserves left, so the impact towards recession is about to get real. The shift in quality of life makes the consumer spending tactic an instant non option.

Yet, it all comes down to the Washington Post who (at https://www.washingtonpost.com/business/2019/08/14/stocks-tank-another-recession-warning-surfaces) gives us: ‘Stocks losses deepen as a key recession warning surfaces‘. It is here that we get: “after a reliable predictor of looming recessions flashed for the first time since the run-up to the 2008 financial crisis. The Dow Jones industrial average fell 800 points, or about 3 percent, and has lost close to 7 percent over the past three weeks. Two of the world’s largest economies, Germany and the United Kingdom, appear to be contracting even as the latter forges ahead with plans to leave the European Union. Growth also has slowed in China, which is in a bitter trade feud with the United States. Meanwhile, Argentina’s stock market fell nearly 50 percent earlier this week after its incumbent president was defeated by a left-wing opponent“. First of all, ‘reliable predictor‘ is not the term I would use, the dangers were clear for well over a year, it was the wrong stage of a trade war, with the Huawei 5G setting that pushed the inevitable date forward by a lot. The entire Huawei stage was a stage of stupidity, and a more dangerous post-recession part than anyone was willing to consider. We might find clarity in the footnote: “But with so many losing confidence in the near-term prospects of the economy and rushing to buy longer-term bonds, the U.S. government now is paying more to attract buyers to its 2-year bond than its 10-year note“, is looking in the wrong direction. It is merely a small symptom at present and direct consequence on risk and not the one that bites. The US is losing its footing on the global mobile market faster and faster. And even as we accept the ‘marketing’ that Huawei gives via Cnet towards 6G, the direct truth is outstanding for a longer time. It links to my own IP that is currently available to Huawei and I want my share of that market, I believe that my part after the fact will be enough to truly make me independent on several fronts. One party found my claim a $ billion market through the investment on $25m post taxation too good to be true, but it is the second wave that takes care of my needs and you gotta give a little to get a little. It is was the ‘denied’ parts of Credit Agricole and the Paris games of 2024 that gave me the final straw I needed to see that I was right all along. In all this verification that I was correct was always the biggest issue for me to deal with, and the recession is making those big business daddies of greed close to desperate, giving me a small push forward. Those people are not willing to walk away from a one billion market at the investment of 2.5%, no bank has ever offered those margins and with the Credit Agricole parts exposed to the smallest extent, I know it will work. It is there that I saw that the IP I designed was never considered by either Google or Huawei, all set to iterative paths to innovation, and the economy shows that nearly all of the other players were looking at the next quarter, whilst the quarter+3 was the game changer. The Olympics gave the option to look at inverted innovation and make it a new innovation, Paris was not the first, but certainly the clearest indicator and whilst we see through Channel News “Huawei Technologies has joined 564 other entities in the Paris Call“, the message is not that there are 565 players, it is that they are all looking in a similar direction whilst the none excavated the gold mine that was right behind them, a first lesson that the classics can inspire towards a new direction. Now that I see their direction I found two other fields that had not been considered to the degree it needed. Saudi Arabia is giving us Neom City, but there is a lack in one direction and now that this can be exploited we see even more options. You only had to be willing to get your hands dirty in the most literal of ways. And all this is pushed even more through the impact of the European economy. A French invention gets a new life after almost 2 centuries and we can see that there is more to be found.

Sergey Brin on Sat. morning

It is what else Harmony OS can do that will push the benefits away from the US and it will hurt Google to the smallest degree (almost inevitable), Google is just too big, but now that the equation changes, it is Google who will be chasing Huawei, so well done Trump dude, you merely made everything worse for America and I will sell to the quickest bidder and the 2.5% approach gives me the edge; the two known entities Ren Zhengfei and Papa Smurf Sergey Brin can make the investment from the small change they have in their pockets and the bait would be just too appealing for them.

Al this was confirmed and accentuated through the US Senate with: “In February, the US Senate Commerce Committee held a hearing titled “Winning the Race to 5G and the Era of Technology Innovation in the United States”, to discuss what policies are required to accelerate the deployment of 5G to keep America “competitive on the international stage”” and whilst we accept the American point of view, they forgot about two elements in the 5G field and the upper echelons of decision makers showed at that point that they were working in a dimmed room without lights, giving additional evidence that they never saw the writing on the wall and now I get to make a new voice and whilst I only am willing to trust Google or Huawei in all this, there can only be one winner and the others are merely a chaser at best, it is the price of iteration over innovation. Even as Microsoft and IBM are in denial of what they are about to lose, they do know and accept their choice. Microsoft is banking on Azure and there the hindrance of Harmony will cause a void, they were ready for Android, yet HarmonyOS is another matter and China is seeing that as another opportunity. It is there where we see the talks of Huawei with the Shanghai Blue Cloud Technology taking an additional turn, and how many players in the Paris games are banking on Azure? How many lose out when they are not ready for the 5G version 2 under HarmonyOS, it will work with Android and Azure, but suddenly we will see some accidental 10% gap (latency) and that is how the game was played and all this before my elements come into play, and they will!

The big business slammers all relying on PowerPoint presentation they are given the elements and when we see the 2023 acceleration and people cannot answer the differences because they never considered looking behind them as well as looking at the corners of their eyes, the blind corners they ignored; now they no longer have one blind spot, they suddenly have three and we get all kinds of concept promises in presentation form, all whilst the data was never that unclear from the very beginning. An issue they claimed that it was being looked at.

So here I am, having to take their shit with the option to sit at the sidelines watching them fight over options because they anticipated without comprehension, sometimes the universe gets to be nice and smile at those having to take their shit. A direct zero day exploit of the applied intent of narcissism on how good a presentation looks, whilst their data never clearly supported it.

My case of exceeding expectations towards customer satisfaction trumped some short sighted ‘Ca$h is king‘ setting, because it works at the grocer, but that part has no bearing when their minimum needs exceed he budget of 80%, it was a simple equation from the very beginning. So when we are now considering the new ‘truth’ where the Washington Post gives us less than an hour ago: ‘Weak global growth likely to mean US slowdown, not recession‘, we merely see wishful thinking in the quote “Yet most analysts expect the U.S. economy to power through the rough patch, at least in the coming months, on the strength of solid consumer spending and a resilient job market. The U.S. stock market plummeted earlier this week when the bond market, spooked by the global turmoil, sent a possible early warning sign of a recession ahead: The yield on the benchmark 10-year Treasury note slipped briefly below 2-year Treasury yields“, the article (at https://www.washingtonpost.com/business/weak-global-growth-likely-to-mean-us-slowdown-not-recession/2019/08/15/1cb8d81a-bfba-11e9-a8b0-7ed8a0d5dc5d_story.html),all whilst we see the clarity of next quarter believes linked to the next Thanksgiving and Christmas, all whilst it is Q2 2020 that makes the tequila slammer which gives the drinker the sledgehammer headache stated it was one that they never saw coming. The entire trade war is taking a new turn and when the people realise on all that the US is missing out on and therefor anyone taking that path will also learn that there is a long term price to pay and it is the markets that Google and Huawei are now staging for that brings the next stage. China has too much to gain, whilst Google will try to retain losses that they will optionally get (reduced growth is clearly a loss). Even as the impact for Google is small, losing one percent is still big news and there one percent adds to a billion plus, whilst their risk to hedge will cost them a mere 1.8% of the optional loss, it is a non-issue.


There is none, but the option of a new 2% market is worth so much more than that, and it is not open to the iterative industries, innovators only, because it will be about the momentum and there is too much to gain. Consider what the 565 are looking at, whilst I focused on the group that represents up to 445,000,000 SME companies in a new 5G setting. The Olympics are merely the icing on the cake. 2020 Tokyo opens the doors more clearly but the impact is abundantly seen in Qatar 20222 and Paris 2024. And at present I see that they never looked in the places where they could be, merely where they want to be.

In the end it is one of Warren Buffett’s quotes that got me there: “the great moves are usually greeted by yawns“, thanks Warren; you were absolutely right on that part!


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Yay or Nay

There is no escaping the EU elections, the issues are large and the anger in Europe is equally sizeable. In France Marine Le Pen has the lead with a little comfort, but not much. Still Macron got initially defeated (at https://www.independent.co.uk/news/uk/politics/europe-election-results-france-marine-le-pen-macron-national-front-rally-latest-a8931361.html).

So even as National Rally is ahead by a fair bit with 24%, it is only 1.5% ahead which is comfortable but by no means a done deal at present. With “even slightly down on what the National Front won in 2014 – meaning the party has made little progress on previous years against an unpopular president” we see that Marine Le Pen is not set in stone, she will need powerful allies in the EU to get anything done and as we learn that “the Danish People’s Party and AfD have stood still or fallen back” it implies that she is already two allies down, and as we also see that at present the Europe of Freedom and Direct Democracy (led by Nigel Farage) only has 54 seats (7.2%), and in all this her Dutch allies fall short by a lot, there the reversion to the old parties is remarkable, it is there that we see that the Forum for Democracy (Thierry Baudet) is seen as the joke it needs to be seen as. Although having 11% and the Dutch PVV (4.1%) shows that Geert Wilders is pretty much done for. Dutch Labour took 18%, with the classical parties VVD (15%) and CDA (12.3%) together they are taking a little over 45%, when they get the Greens on board, the majority is a fact and the other two are out of consideration. The independent also shines light on something I noticed earlier in Australia. It seems that the Greens and their choices are having an impact on Global scales. The Green parties have made remarkable strides in the Netherlands (Groen Links), the Greens in the UK and in France (Europe Eologie-Les Verts) are now a European force to be reckoned with, a shift I actually never expected. As we see that in several places their growth is almost everywhere (where it matters that is) is a 10% growth, it requires us to look into it, these are the voices of the people and even as I am a Brexiteer, I will not ignore the Green view when it grows that fast. I have always given support and specifics on why I am a Brexiteer and I understand that plenty of people have another view, so when we see such a shift it is important to examine the optional why. I refuse to give in to some ‘voting fraud’ BS story. Yes, there will be voting fraud, but the optional 322 fraudulent votes do not add up in a place where 675 million people are eligible to vote. Only a complete fool will set weight to 0.000477% to invalidate any election (I guess that there is a chance that Dutch Thierry Baudet will do just that soon enough).

I am actually willing to speculate that for every Brexiteer there is a person who thought that Brexit was too extreme and pushed towards Greens, other opposed UKIP and went LibDem (a wisdom that is definitely debatable), which is my personal sense of humour that is kicking in. I made notice on this in the last election. I wrote about that in ‘On the purple side‘ (at https://lawlordtobe.com/2017/05/26/on-the-purple-side/) in May 2017. When I dug into the numbers that the Guardian had, I noticed that “a lot of UKIP and Labour are too uncomfortable with the conservative view“, The numbers showed that the shift when Tories were number one, that the growth went to either Ukip or LibDems and they were almost always mutually exclusive, Where LibDems ‘ruled’ there was a diminished Ukip and vice versa, which was an interesting side to see. I believe that this trend has continued, which is why the LibDems surpassed Labor, Greens and Tories, for a lot Brexit was too extreme and they went LibDem instead. How this will work out in the next national election remains to be seen. In this case it will depend on what the Brexit party actually achieves and so far the EU elections do not give them too much to work with. Nigel might have Marine Le Pen in his corner, but with the Dutch, Danes and Germans absent in this, they lack the seats to get anything concrete done, which would have been essential if the Brexit party would be growing a national impact. On the plus side Jeremy Corbyn got kicked out of London, so there is still another reason to party and when we are confronted with that result we see a reason to have a milestone party, even if that milestone has a LibDem flag firmly planted on it.

We cannot tell what Vince Cable will do next, but today he gets to party, he has earned it and he should. It has been a while since any political leader went out on a high note, just ask Theresa May, and as I see it the win for the LibDem will be the hardest challenge for whomever succeeds Vince, keeping the votes will be a large task, even as Jeremy and Theresa are on the way out (Jeremy Corbyn is in denial of that part for now by his intent to be monitoring workplace humour), their infighting implies that either party will not be out for LibDem blood, but that might not be for as long as the LibDems hope for.

In the meantime just to appease Jeremy Corbyn: ‘How many managers does it take to change a lightbulb? None, they are not qualified‘, monitor that Mr Corbyn!

In recognition

So if I am such a Brexit fan, why am I not angry at the defeat? I believe in democracy, if Bremain would have initially won, I could have lived with it, because we are all for the most democracies (except Turkey at present). The issue was that the Bremain groups were complacent, ignoring the danger, and when they lost the fear mongering began. I will revisit certain articles form then and highlight the big business connections whenever possible. The EU facilitates to big business, only the delusional highlight laws and proclaim that the butcher and grocer at the corner benefits. It all benefits the Tesco’s and large providers, it makes the multi-millionaires and billionaires richer, the rest still end up with a diminished quality of life and for them the EU has had a close to zero impact, but they all share in three trillion in debt that the ECB hands over and the chosen (not elected) individuals walk away with enough coin to live in luxury for the rest of their life. That was the biggest issue and so far no serious attempt has been made to cull that problem. Earlier this month when the Irish Examiner (at https://www.irishexaminer.com/breakingnews/views/ourview/pay-for-meps-time-to-halt-the-gravy-train-922371.html) to the small fact of “outgoing Cork MEP Brian Crowley — whose health condition has prevented him from attending the parliament since the last election, in 2014 — will be entitled to severance payments of more than €350,000 and a €1.4m pension package“, so basically the man has not done his job (for 5 years) and gets a £1,541,000 package? Most people have to take a medical to proof that they are good enough to work in a bar at £7.90 an hour, as such, when you are in denial regarding the gravy train, think again. It is one of the larger supporting reasons to be on the Brexit side. A group of people who basically cost a lot and in the end do not bring that much to the table. And it is not merely their income; it is all the extra facilitation and expenses that are the much larger problem, an issue that the Guardian (at https://www.theguardian.com/world/2018/sep/25/mep-expenses-eu-court-ruling) gave some visibility to. So when we see: “Details of MEPs’ €4,416-a-month expenses to remain secret“, whilst the larger issue is seen when we consider that besides that part, there is also: “Members of the European parliament are paid €8,611.31 (£7,705) a month in gross salary, plus pension. On leaving the parliament they receive a golden parachute, a transition allowance worth up to €206,664, depending on length of service“, which makes partial sense to some degree, yet a ‘transition allowance?‘ We usually get fired or we’re on a contract with a known end date, for a European MEP that is optionally the next election. And it is not one, it is a setting of 751 members and to some degree their staff will also be offered some expenses (which is fair enough).

So when you consider where your money went (besides the unacceptable 3 trillion in debt from the ECB, there you have it and the entire EU gets to pay for all that, so how useful is the EU for non-huge corporations in the end? I accept that there is a positive part in the EU, but it is one that comes at too high a price and that should have been central, but it is ignored to a much larger extent and now that the election are over and the new wave of keep the EU intact continues, yet even as we all bitch on expenses and nothing is done, I feel that Brexit was the only option, I wonder if it will ever actually happen and if we are on the final nose length to enable Brexit what false promises will we see from Brussels and what will actually be done about it all.

I am not optimistic at present, and I have every reason not to be optimistic any day soon.


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That did not take long

Wow, it has been a mere 22 hours since my last Blog. In there I wrote: “The additional part where we see that Pakistan is importing close to $400 million from the Netherlands each year is optionally be getting hit as well“, which comes to pass when I see the flames on Twitter between Geert Wilders (https://twitter.com/geertwilderspvv) and the Pakistani Government (https://twitter.com/pid_gov). Even the the Pakistan Defense forum(https://twitter.com/defencedotpk), they immediately went to their copy of ‘Art of War‘ and gave us “Royal Dutch Shell, Phillips, Unilever, ABN AMRO interests in the Muslim World should be nationalised, levy heavy duties on Dutch shipping passing through the Suez, Hormoez shall be closed off for Dutch ships. Their airlines should be barred from using OIC airspace. Watch it melt!“, now a forum is not a government speakeasy, so there is time, but this riled up well over 100,000 Pakistani’s in all walks of life. Yet in here a few cool heads prevailed with: “Doesn’t matter to them, as it will hurt Pakistan itself, thousands will be unemployed, lakhs of people are working directly or indirectly in Unilever Pakistan, not even 0.1%profit generated from Pakistan, of total Unilever profits, even all oic countries ban it, it will hardly damage them“, yes it will hurt Pakistan, yet will it hurt enough? When Pakistani interests are moved from Unilever to European or American alternatives, do you think that the pain is long term? No, that is unlikely to be the case, yet the long term pain to Dutch industrials will be clear when they lost the ability to meet quota’s and to meet the expectations of analysts. That pain will be very visible. So even when we see the response by Geert Wilders with: “Don’t claim victory too soon @pid_gov I am not finished with you yet. I will expose your barbarism in many other ways“, we have to wonder if he is exposing barbarism or instigating discourse through attacks on Islam? That has always been the setting here. Perhaps we need to take another look at the setting, which started as early as 2015. I implied it in my title ‘Lollies to the Right‘ (Yesterday’s blog), in this lollies is an English slang for money. Someone is funding all this. The Cartoon competition shows another side, from the $12,500 in Garland Texas, and the amount (unknown) for the Dutch event. This is not from the pocket of Geert Wilders, someone is funding these fumes hoping that a war will erupt and we need to find out who is behind the screens on the far right, it is more important then you know. It is not merely about the hatred, the setting of economic strike backs was always going to be a clear setting. And I was right all along. We now see in the Daily Pakistan: ‘Dutch govt seeks improved bilateral ties with Pakistan after blasphemous contest saga‘, where we see: “Dutch envoy to Pakistan, Ardi Stoios-Braken announced on Twitter that the Embassy team will work with fresh energy and focus on promoting the bilateral relationship with Pakistan and mutual understanding“, yes I saw that coming a mile away and the question becomes, how much will that cost the Dutch government? By the way, in that same period of contemplating my correctness, I also designed two new (optional) Google devices, so it required close to no brainpower, so I had three other things running in the back of my head. Here too we are fed the lies by Geert Wilders. The lie “to avoid the risk of victims of Islamic violence, I have decided not to let the sacrilegious cartoon contest go ahead“, yet that was not really the case was it. The game was not set on the competition, but on the backdrop and I wonder what happened on May 1st 2018. When we were shown: ‘Far right leaders gathered in the southern French city of Nice‘, we were not in the picture on the rest. There was another player there, ready to use Geert Wilders as the tool he is. This was merely foreplay, binding the hands of certain politicians and setting the stage for others. The Independent gave on that very same day: ““The European Union today has catastrophic consequences for our countries, and yet another Europe is possible, the Union of European Nations,” she told a rally as she met with the leaders. “Europe is a good idea and the European Union is killing it.” The next European Parliament elections are scheduled for the 23 to 26 of May 2019 – after Britain is set to leave the European Union.“, that is the part that matters more, when things go out of balance, other players can come in and have some fun making money fast, that is the one part were the right seems to be blind. With Italy much more firmer in the right, with the AfD (Alternativ fur Deutchland) we see that they are still growing, even more so as Angela Merkel is now in a much lower ratings than ever before, so even as that does not indicate that AfD will push to better staging and more seats, that is not a given. Yet, in this I was proven wrong in my assumptions (based on data) on how Matteo Salvini was not really a risk and he got a much larger slice of Italian politics then we imagined and with Germany we cannot afford that mistake again. In all this it is more and more clear that the UK got out in time (a little too late though), with the European settings we all get to look at, there is a clear path that half of Europe will be in an anti-Muslim stage soon enough and not being part of that war is the only good we can hope for.

Yet the only links that I get back to in the end (thanks to some data that I found in Austria) from sources like the Wiener Zeitung and the Freedom Party of Austria and Heinz-Christian Strache is Steve Bannon of all people. Right on the same day that Cambridge Analytica became a non-entity, we see that Steve Bannon was always part of this, the question becomes: Was that why the data was needed? Was this why there was a nice dinner in Nice? OK, I admit that this is slightly too ‘conspiracy theoretic’, but the elements are there; we forgot that 87 million Facebook users are not merely there to use for the far right, they can also be used against the left and more important, once properly mined and grouped, other elements can also be addressed. We were treated to Channel 4 and their ‘Cambridge Analytica CEO filmed boasting of using entrapment, bribes and honey-traps to influence election‘, but the much larger cake is not merely the elections, it is the fact that creating discourse in Saudi Arabia as it is ready to start a trillion dollar investment setting (well over half for the creation of Neom, city of the future), we see a lot more opportunity for those players. Even in history we saw the UK push Egypt in another direction as it feared the larger hold and more importantly the hold that the UK would lose, we see a variation now by the escalations of Islam and anti-Islam and in all this Geert Wilders is the most visible tool. In this Steve Bannon played the game very well. Even as we saw him being close to Islamophobic in Breitbart and his film script, on which the Washington Post reported with “The script for the film, Destroying the Great Satan, which was never produced, opens with a fantasy scene of the US Capitol adorned with a star-and-crescent flag and broadcasting the Muslim call to prayer, according to a script obtained by the Washington Post. The film imagines a “fundamental clash of civilizations” between the west and “supremacist” Islam“. So, this is clearly not in my imagination and there is heaps of data behind it all, but there is no clear link, all the direct links are hidden. I am not speaking about ‘advertised’ open admiration between the players. No, there is a larger part in this and it is between middle men so there is nothing to prove. That evidence is not out there and it unlikely never ever will be. Steve Bannon is slightly too intelligent for that, because over time it comes knocking at his door, so he got it truly insulated against that, using tools like ‘Wilders’ as he sees fit. Marine Le Pen is in her heart too nationalistic (French) so she is an ally, but just up to a level and the same can be said for Matteo Salvini, all set in a stage of anti-Islam. Now that we see the Dutch impact others will be more cautious. When the Guardian informed us of “Steve Bannon has announced plans to establish a foundation in Europe that he hopes will fuel the spread of right-wing populism” we also got the push from Politico with “his potential European partners are ambivalent, saying they want to keep the controversial American at arm’s length even as they seek to tap his expertise on how to disrupt politics on the Continent“. I do not think it is false, but I do believe that there is orchestrated caution here. Yet as we also see: “Bannon’s connections to Europe’s leading populists, many sound unsure about letting an outsider play a central role in next year’s election, let alone one with his reputation. Some pointed out they are already working on their own pan-European alliances“, as well as “Rivière, his party’s international spokesman, said he has talked to Bannon about how he could “provide us with new ideas or share his experience.” Rivière said The Movement would be “a good non-partisan tool box” to achieve that. Bannon, who formerly ran Breitbart media, helped lead the successful Trump campaign in 2016 and went on to serve in the White House for seven months“. Here we see levels of facilitation and that facilitation will only go as far as Steve Bannon gets an industrial upper hand and it is not clear to me if these political players will be aware. What is very clear is that both Israel and Saudi Arabia need to become a lot more cautious when it comes to America. In the end, the Iranian escalations, the Syrian, Russian and Turkish setting in all this sounds nice and it sounds nice that America is on THEIR side, but only for as long as the economic fallout blows the wind to America, in the end those nations stand alone, in the end, America has a protection barrier called the Atlantic Ocean and they can retreat to ‘home ground’ , that is the play any bankrupt nation makes, lets others do the work for them, they only come when the cream is there to be scooped. When that does not happen, they walk away and we need to find a way to stop anti-Islam movements now, because they endanger the State of Israel in a similar way and even if these far right settings do not care, we should because when escalated it is a mess that no one can visit for at least a generation.

I think (as I stated before) that the seriousness of Saudi Arabia and the push for innovation has scared America and Europe. You see, the last time anyone was this driven we ended up with Google and now they are 4th in size on a global scale, that is until 2023 when they will jump back to number 2. Both IBM and Microsoft have issues and they will polarise clearly in view in 2019, at that point we will see a new shift and Google will bypass them pretty much overnight with all the 5G issues brought to the well willing hands of close to 2 billion people within a year, it is that same fear that made certain governments strike out against Huawei technologies. And that has nothing to do with security issues. When you realise that, we also see why the entire Wilders cartoon issue is a larger one. So, when you consider that the richest companies’ revenue wise in 2017 had Royal Dutch Shell on 7th with 240 billion in revenue. Now consider that the entire Wilders situation is still playing in Pakistan, with escalations still opening up in the UAE, Oman and Saudi Arabia. So when you consider that Shell could get hit and those hits are translated to additional opportunities for Exxon, which country benefits that? In the end Exxon and Shell might up trading revenue places on that same list in 2019.

There are enough markers in all this, but no direct evidence, that is likely to be seen after it is too late. At that point what will Europe do? Wake up, or just let it slide? I will let you decide, just be aware that the impact will be the economy, it usually is the first one to take a body blow in such events.


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We all hope to make certain milestones, some through fantasy, some through luck and some through anticipation. Your first threesome, the moment you joined the mile high club and for governments they have their own achievements, for example when they join the 100% debt club. So when we realise that Japan has well over 200% of GDP in debt, the US has passed the 100% marker and it joins those they looked down on for the longest of times. Italy, Iceland, Granada, Eritrea, Greece, Jamaica and Lebanon, all members of that 100% debt club, so when we see the Arabian Business (at http://www.arabianbusiness.com/politics-economics/395741-100-debt-club-set-to-get-new-member-from-oil-rich-gulf), treat us to the facts that Bahrain will soon join Libya and the Sudan as their debt exceeds their 100% GDP. We see more and more messages at present and even the IMF is setting a different atmosphere. We see part of that in equities.com. There we see “IMF (Page 10): Against a backdrop of mounting vulnerabilities, risky asset valuations appear overstretched, albeit to varying degrees across markets, ranging from global equities and credit markets, including leveraged loans, to rapidly expanding crypto assets.
MY TRANSLATION: In the last two major bubbles, the problems were mostly contained to dot-com stocks and housing. That is 100% not the case now. Almost every single asset on the planet – from stocks to bonds to loans and more – is wildly overpriced. There is zero room for error with prices at such dizzying heights
“. This is merely one setting; the field is expanding on a larger field and in all this, the nations that are passing the debt bar. France is set at 99%, so if they cannot contain the debt growth they will pass it this following financial year, leaving only Germany as one of the four large economies that is in a containable situation and there is where we get a partial ‘I told you so!‘ You see I wrote on part of this 5 years ago. (at https://lawlordtobe.com/2013/05/15/a-noun-of-non-profit/), I made a reference in regards to Brexit, but the setting of it all was a lot larger than merely Brexit. So as you get to contemplate “Consider a large (really large) barge, that barge was kept in place by 4 strong anchors. UK, France, Germany and Italy. Yes, we to do know that most are in shabby state, yet, overall these nations are large, stable and democratic (that matters). They keep the Barge EU afloat in a stable place on the whimsy stormy sea called economy. If the UK walks away, then we have a new situation. None of the other nations have the size and strength of the anchor required and the EU now becomes a less stable place where the barge shifts. This will have consequences, but at present, the actual damage cannot be easily foreseen. Any claim that there is no consequence and they predict no issues, remember this moment! The Barge (as is), will lose stability and the smaller members thinking they are on a big boat are now thrown left to right then left again as the storm rages on. The smaller nations will get damaged and in addition, the weaker ones (Cyprus and Greece) could still collapse, especially if the UK takes a non EU gander“, this was predominantly regarding Brexit. Yet the implications are larger as I stated. The UK is taking on Brexit and now we see that the German anchor it the only anchor giving some stability, the UK is taken away, Italy has lost its footing as it surpassed the 100% debt and now France is pushing that boundary as well. All because it was easier to play the popular fool than taking a hard stance on their debts, France is not alone, Italy and the UK are all there, the smaller ones have no options to give strength to the large 4 and as the UK figured out that going it alone is much better for the economy, we see a dangerous setting.

Even now, when we merely consider Spain in all this (not the smallest economy), we see (at https://www.southeusummit.com/europe/spain/spanish-economy-returns-grade/) that Standard & Poor’s is still playing (what I personally see) as ‘their little game’. Perhaps you remember ‘S&P reaches $1.5 billion deal with U.S., states over crisis-era ratings‘ (at https://www.reuters.com/article/us-s-p-settlement-idUSKBN0L71C120150203) the one quote (one of many) needs to be considered “S&P parent McGraw Hill Financial Inc MHFI.N said it will pay $687.5 million to the U.S. Department of Justice, and $687.5 million to 19 states and the District of Columbia, which had filed similar lawsuits over the ratings“. So when I see “S&P notes that Spain’s overall economic and budgetary performance has not been hampered by political tensions in Catalonia, as many had feared. The country’s GDP increased by 3.1% in 2017 and last week the Bank of Spain raised its economic forecast for this year to 2.7%, up from a December forecast of 2.4%“, you see, the numbers are not really in question, yet when we see the image below (source: Trading Economics).

When we realise that none of the EU nations has a grasp on their debts, in addition, the GDP for Spain went down whilst it is still below the numbers of 2016 and before, there is actually no reason to see the credit rating for Spain go up. I am personally speculating that the EU will be so much more hardship when France hits the 100% debt marker. It matters, because this will soon become the academic exercise that the question: ‘What is the difference between cooking the books and creating a false positive wave through inflated credit scores?‘ I actually do not have the answer here, but I guarantee you that the quality of life in Europe is not moving forward any day soon, not until some issues are seriously reconsidered. In addition, the US-China trade war isn’t helping anyone, not even the Europeans so that will also become a factor of debate soon enough. It partially relates to “We have revised upwards our GDP forecasts, with an intense rate of employment creation and an economic model based on the external competitiveness of our companies. With this scenario, we will achieve our objective for 20 million employed people by 2020“, the issue is that it is misrepresentation, you cannot rely on the unemployment figures and then state we will have 20 million employed, because on a population of 46 million, he might be implying that the unemployment numbers will skyrocket from 17.4% in 2017 to 56%, that would be crazy, yet that is what we are told, is it not? The best lies (read: miscommunications) are done through statistics, so that the feather matches the bird one would say. Still, back to my speculation, I believe that Spain is not the only nation in this setting; I think that some numbers in pretty much every EU nation are beefed, weighted and set to make Europe (or basically themselves in the European setting) look much better, so when the UK leaves they will not look as weak and feeble as they have actually become. It is a setting that is way too dangerous. There is no way that Mario Draghi is not part of this, so when we look at the Financial Times of last week we see ‘Mario Draghi acknowledges ‘moderation’ in Eurozone growth‘ (at https://www.ft.com/content/3e20b49e-4939-11e8-8ee8-cae73aab7ccb). So with “Analysts said that Mr Draghi’s guarded language suggested that the ECB may wait until July — a month later than previously expected — to provide the markets with updated “forward guidance” on its plans to phase out the crisis-era stimulus“. I am a little less optimistic in regards to the quotes, and when we see ““Better safe than sorry was the motto of the day,” said Dirk Schumacher, economist at Natixis“. I personally tend to see that as:

Better safe than sorry
It allows for another day without worry
As we pile the worries and woes
To a stack we can blame on crows
Those at the London Tower are best
Because when they leave the EU we can make them the jest
And when our barge is no longer secure
We move to Wall Street where we can endure

You might think that I am merely making light of all this. The issue is that people in Europe seem to ignore that over €2,000,000,000,000 was printed without the validation of treasuries or consent of the people whose funds got devaluated even further. Do you think that printing money has no cost? It is money that the EU never had, so why did you think it came without consequence?

This partially (and I mean partially) is seen in different ways when we look at an article from Reuters merely two weeks earlier (at https://uk.reuters.com/article/uk-ecb-policy-draghi/stock-volatility-no-big-factor-for-ecb-so-far-draghi-idUKKBN1HG1VR) ‘Stock volatility no big factor for ECB so far – Draghi‘, now I agree that volatility will come and go, so the ‘so far’ part is perfectly fine. When we see ““While we remain confident that inflation will converge towards our aim over the medium term, there are still uncertainties about the degree of slack in the economy,” Draghi said in the ECB’s annual report“, now I can agree with that. There will always be a certain amount of uncertainty, that is all good, no issues there, but it is set on a certain premise. When we see that Spain (the only visible one) suddenly in opposition of what I see as real has its credit score increased and as such we see the start of an optional bubble, when others do the same we see the forecast on unreal values, so we see the bubble is not set to the reality of the actuality, at that point, when a lot more start realising that some numbers do not make sense, the uncertainty grows and the closer the UK is to leaving the stronger that uncertainty becomes. At that point we see a run and a total collapse, when that happens, when the people realise that pensions before 78 is no longer optional, do you think that the people will remain calm? When they realise the impact of €2 trillion printed cash is impacting the 26 nations, how much value decline will they face? When that happens, how will people react in all this? Now we get to two elements, one is the mention in the Financial Times where we see: “But the weak economic data for the first quarter have triggered increasing speculation that the first interest rate rise will be delayed until later in 2019. A smaller number of analysts are expecting the bank to continue QE into the new year“, the second is that the entire stimulus was to set the economy right, which did not happen, now set that against inflated credit scores, inflated economies and the downturn that follows, that will happen, it can no longer be contained, merely delayed to some extent. When it does hit Europe would not have a penny left to balance against and it will leave the bulk of Europe destitute. There would be no defence against the next downturn and that is when disaster will truly strike. So as the story is pushing towards ‘protectionism’ and ‘patent values’, we should also consider that impact. Now, as a University graduated Master on Intellectual Property rights, I do comprehend some of the issues, yet I am not a patent attorney, so there are parts that I will ignore or not look at. Consider that a national economy is now more and more dependent on the national patents and the represented value that they hold. Now we get European Patents, the Unified Patent Court (UPC) allows for a simpler way to get it all registered and to some extent enforced. So it is a good thing overall, there was never too much fuss about that side, yet the one strong economy (Germany) is now setting the stage to oppose the UPC, we see this (at http://www.ippropatents.com/ippropatentsnews/europenewsarticle.php?article_id=5725), where we also see “Alternative für Deutschland (AFD) has called for the repeal of the convention on a Unified Patent Court (UPC). AFD “rejects the EU patent law reform”, according to the German Bundestag, which announced the motion on 7 March“, I believe that overall the UPC is a good thing, but there will always be small interests that are not perfect, no EU setting is 100% positive, yet overall, to get one filing for all EU nations, in light that even the UK agreed (and ratified) is a good thing. So when we see “It was based on three grounds, mainly how the UPC Agreement violates EU law, the majority requirements of basic law, and does not comply with the rule of law principle related to judicial impartiality. The complaint was scheduled to be heard in 2018 by the second Senate, appearing as the 11th item on its agenda. In Germany’s 2017 federal election, the AFD won 12.6 percent of the vote and received 94 seats, the first time it had won seats in the Bundestag“, there is an academic setting, yet with 12.6 of the council in hands of the AFD, a very Brexiting minded party, or is that Berlout or Deutchleave, we need to realise that the patent issue is a lot more biting in Germany and that cannot be ignored, as they give rise to uncertainties. So when we get back to the uncertainty there, as well as other uncertainties, and whilst we saw Mario Draghi accept that uncertainty results in stagnation, how much more stagnations are required for the next downturn, even a short term one, whilst the economic reserves have been already been drained.

Now we have a much larger setting, the EU was never about everyone agreeing on everything and the economic setting that requires that to happen at present is also making the dangers of waves that sinks the barge called EU. Now, that seems like an exaggeration, but when you realise that the German anchor is the only one giving stability, you can see the dangers the EU faces and more important, the dangers of no reserves and an utter lack to keep proper budgets in place, a setting now in more danger for the reasons that I gave supported by the economic views of many others. I believe some are downplaying the impact, yet when we realise that EVERY European Union government is downplaying the economic impact (as every nation always wants to look as good as possible, which is a PowerPoint setting of the human ago) we get a much more dangerous setting. We accept that the smaller nations have a negligible impact on the whole, but on a ship that can only remain truly stable with four anchors, losing three is a much bigger disaster than anyone realises, and that downplay will hurt all the players that are part of the EU, so when the downturn starts, we will see kneejerk movements from all the nations, all the big players and we can only speculate the fear mongering speculations that the IMF will treat the European audience to. I have no idea what form it will take, but when it happens I will take a deeper look. In a setting where every negative economic milestone could lay waste to whatever reserves its citizens wrongfully thought they had in the first place.



Filed under Finance, Media, Politics, Science

How about them budgets?

Today it starts with the Wall Street Journal (at http://www.wsj.com/articles/italy-cuts-growth-forecast-for-2016-and-2017-1475014871), where we just got the news that Italy is downgrading the forecasts, from “1.2% for this year and 1.4% in 2017″ to “0.8% this year and 1% in 2017“, an offset of 0.4%. So, even as we consider how small this is, on a number 2.22 trillion, this still affects 8 billion dollar. Now, I would agree that the numbers are small, but when analysts are talking in millions, getting it wrong by 8000 million, the error is a little larger than should be allowed for. Italy is not the only one in this predicament, and the fact that this prediction is only reported approaching the final quarter of the initial reporting year, should give clear indication that something should have been known at least a quarter ago.

Italy is not the only one, France is reported on by Reuters that the deficit target will not be met. In this case, France has one part in favour of them, with the refugee issues going through their nations, certain places and departments have been unable to meet any budget, which under the unpredictability of that escalation makes perfect sense. We can overanalyse it, but without the proper raw data, it remains a speculation and not a very accurate one.

Germany has an entirely new issue to deal with, it is now dealing with a surplus and a growing one. Another prediction I got right, but not by the amount I thought it would. Germany exceeded expectations by growing the surplus past a quarter of a trillion dollars. So apart from the surveillance investments, Germany can look forward to (as doomsayers would state), to an interestingly larger EU donation voucher (read: invoice), one that is (according to Reuters) about 4.5 billion higher. The funny people did mention that post Brexit this was the consequence and as such, that response is funny, because it is only angering the German population, where a growing group is calling for a German referendum. Now, there is no official one planned, but that might not be for very long at present. With Alternative für Deutschland (AfD) on the rise, which according to Euro news is at an all-time high of 16%, this makes them a contender, with Chancellor Merkel now in a tough spot as the hard work Germany did achieve is now to some extent syphoned to the EU and Brexit will add to their worries. Now that Brexit is not showing to be the financial disaster so many experts claimed it to be, the threshold for leaving the EU is being lowered by a fair bit. AfD party leader, Frauke Petry stated: “And I think this is why many citizens don’t believe in the established parties and politicians anymore, because they simply don’t feel being taken seriously by the politicians firstly, and secondly because they feel basically betrayed by these politicians because they do not tell the truth”, which is an issue that many people have with the ‘status quo approach that those on the gravy train of EU incomes have been voicing‘, adding to the unrest in several nations. The issue now being pushed by France and Germany is an EU army solution, which seems odd in the light of NATO and it is detrimental on national policies all over Europe, giving another iteration of commissions and conceptual time wasting, as well as resources, especially financial ones.

Yet several news cycles are giving the implied worry (a worry from my side) that the Netherlands hasn’t learned its lesson yet and it is now playing a dangerous game. The initial consequences of Brexit are not realised and there are still worries that are undealt with. With a big smile Dutch Finance minister Jeroen Dijsselbloem stated last week in the national budget day which has forever been the 3rd Tuesday of September that the message is ‘focus on investing in opportunities‘, yet he also admitted that ‘many people have still not benefited from the economic recovery‘. I personally believe that ‘recovery’ is too optimistic. You see, for too long, the EU deficit had been too high, the debt is close to out of control and the Dutch have, due to serious budget restraints gotten the upper hand over the debt to some extent. What is interesting is the way we see it in the NL Times (at http://www.nltimes.nl/2016/09/26/netherlands-0-5-pct-budget-surplus-2nd-quarter-2016/). The quote at the very end “Statistics Netherlands expects that the budget deficit will mount to 1.1 percent this year and 0.7 percent next year“, gives us clearly that there is no budget surplus, the deficit is finally being turned over, meaning that the deficit is still 0.7% in a years’ time. That means that the debts are for now still going up! I am willing to make the hazardous statement “Mark my words, by April 2017 there will be a bad news cycle that the deficit will alas not make it, due to <insert meaningless reason here> and is expected to be 1.6% in 2016, whilst the forecast for 2017 predicts the deficit to decline sharper to 0.9%“. I’ll keep an eye on this, because I want to know how it all goes. One of the reasons here is that whilst certain scaremongers, set to undo Brexit are still playing their games and placing the pawns in the field. The reality is that unless the Netherlands sets out a much stronger partnership with the UK, the UK fishers who saw the benefit of quickly unloading in places like Stellendam and Breskens so that they can do one additional load, that list will drop to zero (the number was never really high). But that is only one part of several issues that we see. The Dutch Harbour of Rotterdam, could also feel the pinch to some degree. The degree cannot be predicted, but it will happen, meaning that the blind billion to expect will lower by an indecent amount of millions. It is important to realise that the impact will not be large, but two or three of these impacts, like containers via Belgium and a few more of these changes and the impact will change the numbers. So the Netherlands is not out of the woods and we see ‘investment’ statements. Not to mention the German need to make a few changes, which means that containers to a larger extent will not go through Rotterdam, but straight to the end location via Hamburg. This is not a given, not a certainty, but a risk! All these issues are not considered and there is still for well over a year a deficit to content with. The NRC (at https://www.nrc.nl/nieuws/2016/09/21/kabinet-geef-geen-cadeautjes-maar-investeer-4373438-a1522535) gave us last week “Daarnaast zondigt het kabinet door het totale uitgavenplafond te verhogen met 2,2 miljard euro; de Zalmnorm wordt rücksichtslos terzijde geschoven“, which paraphrased gives us “The sinful deed of this government, through the raising of the maximum budget by 2.2 billion, the budgeting norm is blindly pushed aside“, meaning that as elections come close, the government is trying to give a fake ‘all is well’ view that will be discarded soon thereafter when the numbers show that nothing was achieved and Dutch spending will again go beyond acceptable levels.

In all these factions, the reasoning of Brexit holds firm and this whilst Mario Draghi (at http://www.bbc.com/news/live/uk-politics-parliaments-37473075), starts his political ‘career’ in the trend, of ‘I am looking for a new position, preferably before the reality hits you all‘, by stating “the initial impact of the Brexit vote on the Eurozone has been “contained”“, which is utterly untrue. The impact is not contained, the results are not known because spin doctors are still trying to turn this around via any political means available. In addition “resilience after the vote was thanks in part to “adequate preparation” by both the ECB and the Bank of England“, which we know was not entirely true because someone decided to leak the required need for investigation by the Bank of England in the first place, which meant that the armour of EVERY party went up, so there was a large level of speculated bad news in there, the news clearly showed how disastrous it would be and it failed to happen. In addition, we see “Draghi ‘doesn’t have answer’ on future of Euro clearing in London“, which is interesting when we see “the issue of the UK’s departure from the EU and its implications for the executing – or “clearing” – of euro-denominated transactions in the City of London“. Why would that change? Why would people want to make those changes, because pre of post brexit, there was no impact for the US Dollar, so why is that suddenly an issue? The fact that the ECB took that path and that the result was that it was successfully challenged at the European Court of Justice by the UK government last year, makes me wonder why Neena Gill (Labour MEP for West Midlands) opened her mouth in the first place (regarding THAT questions that is). The fact that Jill Seymour of UKIP got a much larger support in her district gives me the idea that she has other problems to deal with, playing ‘ban-she’ (pun intended) to a question that the UK does not want to raise again for now, whilst staying silent over Draghi’s Trillion Plus Euro stimulus and now the rephrased additional overspending via the what is referred to as the ‘Juncker Expansion wallet’ is one that should have been on her lips. As I see it, she would have been better off staying at home (or in her office) and send someone else to actually grill Mario Draghi. In addition, when French Liberal MEP Sylvie Goulard asked the question, it seems clear to me, that she was setting up the essential discussion to try and move some of the City of London’s expertise towards Paris, which is a proud nationalistic tactic to have and as she is French, I would applaud her attempt with the response: ‘well played milady, but at present not the best idea!‘, as I see it, Neena Gill didn’t have to add to this! The question is not completely unsound, yet the path of Euro based Derivatives is a key market and London does not really want to move it for obvious reasons, yet the size of it has everyone on the edge. The issue has happened before, yet the considered impact will be beyond believe, the stakeholders could lose quick access to Trillions when the clusters get upset and the Euro Clearing moves to Paris (or even Germany). The plain issue is that the shift could very well happen when Frexit is in full gear, what happens after that? Another move? If you want to learn more, look at the Bloomberg interview (at http://www.bloomberg.com/news/articles/2016-09-21/global-banks-said-to-plan-for-loss-of-euro-clearing-after-brexit), which gives a decent picture, even if economy is not your field.

All issues linked to budgets and each of them having a larger impact on the EU as a whole. Now, I understand that Brexit makes France and Germany trying to take the Euro Clearing market, yet, as the growing voice of Frexit bolsters, moving the Euro seems to be a really bad move, even for stakeholders who hope to gain a short term advantage. Even if we see that the Netherlands is a lot less likely to follow this path at present, France is close to doing it and the number of people wanting this in France is still growing. I personally see that budgets have been at the core of this from the very beginning (starting with the Greek one that is),

For Greece this is not a nice time and it will stay as gloom as death for a long time to come. The new austerity measures will cut hard, especially with the retired population of Greece. There is something utterly unacceptable regarding the transfer of the assets, including major organizations such as the country’s power corporation and the water boards of Athens and Thessaloniki. My view goes back to ‘Cooking the books?‘ (at https://lawlordtobe.com/2014/01/22/cooking-the-books/) as well as ‘Feeding hungry wolves‘(at https://lawlordtobe.com/2015/07/28/feeding-hungry-wolves/). My issue is that Greece had to be held accountable, but a fire sale leaving Greece with nothing was never an option in my book. Partially, when team Tsipras-Varoufakis won the elections they had an idea and no other path but their pride, this was where they ended. The initial idea to open the bond markets again was even worse. Now we see a Greece that has Greeks, yet is no longer Greece, as I see it, for the first time in history, the bulk of a nation is owned by banks and creditors, a situation that has never happened before to this extent (as far as I can tell), even as there is an option, it will still remain ugly for Greece for a long time. However, if the change would be accepted Greece would have a first step in actually resolving things. Resolving up to a degree, because I do not expect that this can be solved within the next two generations (if that happens, it will be a miracle). In that regard the energy and utilities would remain completely Greek and a first step into an actual future would be made. Yet, this is not about Greece!

The issue seen that debts are mounting up and we get to see these academic speeches on how good it was. For me, I still remember the 2015 article in the economist (at http://www.economist.com/blogs/economist-explains/2015/03/economist-explains-5), where we saw “some worry that the flood of cash has encouraged reckless financial behaviour and directed a fire hose of money to emerging economies that cannot manage the cash. Others fear that when central banks sell the assets they have accumulated, interest rates will soar, choking off the recovery“, so no matter how you twist it, it is additional debt, the people get to pay in the end, and as the evidence has shown the last 10 years, proper budgeting is not the aim, the ability or the inclination of these EU governments, making the people anxiously running towards the nearest European Exit Compound.



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Politicians forgot about this

The easiest way to show some of the European issues is to take a little look at Dutch politics. Here we start with the PvdA (Partij van de Arbeid, the Dutch Labour party), it has been reduced to a mere fraction of what it was. The 70’s with Den Uyl for 20 years, after which Wim Kok took over for 15 years. Both ended up being Prime Minister at some point. Those were the days, that party was Labour red, the working class were treated to people with an ideological side that would make them lazy and complacent. What followed was nowhere near the old guards and the people are finding this out the hard way. Let’s take a look at the issues from the last 5 weeks alone. Jacques Monasch opposes a new era with Diederik Samsom (current leader of Dutch labour), the reason is Hans Spekman, in this, Jacques stated that as president of the party he must remain neutral, yet too early he voiced his weight behind Samson as party leader. This is the first thread of the loom. There should be clear and consistent view on who leads the party. As I see it, Spekman did nothing wrong, clear leadership is essential if ANY option against Geert Wilders is to remain. You see, the Dutch have had it with indecisive politicians, a clear path should have been there all along. It remains in flux. I personally see it as a play by Jacques Monasch to get a higher place before his life is over (as well as his political life), in the second he is too late, Samson is 10 years younger, in better shape and a stronger labour voice. In the first, I would not be able to tell, I cannot predict the future. Yet as the median age of the Netherlands is 42.9, we can conclude he broke that line by well over a decade. On March 7th we get two pieces of news.

  1. Samsom offered the idea to take in 30.000 refugees from Turkey.

He is relating this towards the need to have some control on the flow of refugees. To prevent these refugees from taking a dangerous boat trip. Here he loses the point on several sides. In the first any control on the flow of refugees is an illusion to say the least. They all want to come here, and they want to get here as soon as possible. It is a non-working solution from square one onwards.

  1. Dutch Labour dissidents want to get rid of Diederik Samson.

This was released by the post online on the same day. Here we see names Gerard Bosman and Sander Terphuis, not high in the labour structure, but the post reported that Mei Li Vos and Lutz Jacobi are also on that list, both Dutch MP’s. In addition there is the party ideologist (no idea what he does) René Cuperus. They basically states that Diederik Samson needs to go, and their enthusiasm for Hans Spekman had basically dwindled to zero.

This is at the foundation of the problem for Dutch Labour. You see, this inter party politics will happen, but when extreme right PVV is as powerful as it is, they should have waited with this song and dance until much later. Now Dutch labour has a refinement issue, with that I mean that they end up being refined into something no one votes for. This is a quote by a German taxi driver. He stated “The problem is I don’t feel any of the issues being discussed have relevance for ordinary working people. Those who struggle on a wage of €1,200 (£930) a month which never goes up, while other costs of living do – what has the refugee crisis or the state of Europe got to do with us?”, consider that this statement was regarding a lifetime of CDU (Angela Merkel), this time he will be voting for AfD (Alternativ fur Deutchland). The German anti-Europe party. This show is happening on a European scale. Politicians too fierce on their ego, forgetting the first rule of governing, which is that you have to get elected. A sour apple that is about to get served in France and the Netherlands. The latter one with Geert Wilders was until 1 year ago not a reality. Now AfD has grown from 5% to 20%. This shows exactly what I have been saying for some time, especially regarding France. The elected officials stopped listening to their constituents, they compromised their population out of bounds and now they end up not having a job after the coming elections. So when the initial statement from Geert Wilders was made towards Hans Spekman “If you end up getting shot, the bullet will have the letters PvdA engraved on the side”, which was published on February 9th, almost a month before we see the revelation that these MP’s want to get rid of Hans Spekman and Diederik Samson. It seems that Geert Wilders tapped into the anger of the Dutch people, in all this the press itself is not innocent either. The Amsterdam newspaper The Telegraph reported a week ago ‘Many citizens are angry, even though we have a good economy’, how delusional is that? The people at large have been at a lifestyle standstill for a decade with almost nothing to show for it. In addition Dutch labour mentions to take in 30,000 refugees, tax issues on large corporations are not getting solved and the people are seeing their retirement funds maturing towards zero (largely reduced) in addition my generation will have to work another 5 years. Now, personally I do not mind, but explain to a person who supposedly retired last month that 41 months were added to his/her retirement age. How many indifferent people will you meet?

Not that many I reckon!

Now, some issues are unavoidable some were but the people have been feeling abandoned for too long. This grew UKIP, PVV, Front National and AfD. I do not have any quality data on Lega Nord as it is all in Italian and my Italian vocabulary is limited to Lasagna, Pizza, Panna Cotta, Provolone, Grappa and Gnocca (which is not an Italian pasta dish, which is Gnocchi, as I learned when my mates laughed themselves silly when they asked me to order it in an Italian restaurant).

What matters is that the political situation is no joke, it is serious and it is not going in the right direction. The problem here is what is the right direction? In the first is to push Turkey away, they have been the bad apple since day one. Power players want to do business wherever they can, yet in all this Turkey has been the disturbance. This goes back all the way back to their blackmailing selves after September 11th, when they wanted all debts forgiven. How easy people forget in just over a decade. Now again we see how they are fuelling the refugee pressures, whilst Austria is quick to see Greece as part of the problem, whilst ignoring Turkey in all this. The people are not stupid, the people are realising that they are being sold as cattle, the people see that big business is getting away in pretty much every nation and their own lives remain stagnant, with diminished options for a future.

Those right parties are aiming for that anger, that pain and the only thing Labour is doing is adding to their current pain. In the Netherlands we see how this plays. They are all ‘so aware’ of the global need that they are ignoring the local need, their constituents. This is not an attack on the refugees, their plight is real, but so is that of those millions of people living barely above poverty, a living standard that has gone down the drain, with less jobs and a growing population. Politicians have forgotten about the local side of all, whilst feeding their European Community Ego. This is another major reason for parties to lose their votes, votes shifting intensely to the right. Yet their all is not safe either, for now AfD might be safe with Frauke Petry, yet she too will soon feel the pinch of party members who want a larger slice of the pie. Like Marine Le Pen has to deal with her father, and Nigel Farage has his league of Douglas Carswell’s. In that view Labour is not alone and whomever gets their act together first will give rise to even more votes, yet in all this, unless labour changes its approach to their constituents, they will be running towards the right. This will be particularly nasty for the Conservatives in the UK, because the buffer they had in the past (read: Liberal Democrats), that buffer is gone, You see there the labour masses are not inclined to go towards the Conservatives, where there were the Liberal Democrats as an alternative in the past, UKIP seems to be the only option in their view. In that regard Jeremy Corbyn seems to losing his foothold in the party. It is not a serious matter at present, yet in all this there is more and more squabble and in that the voters feel that they are losing out in proper representation as the infighting continues, just as in the Netherlands. The consequence will be bad for the Conservatives and even worse for the UK Labour party and in all this UKIP will gain more (and votes too).

We will know more when the referendum sounds the solemn trumpet of out or in, that trumpet will sound throughout Europe, starting all kinds of matters, it will sound like the Horn of Gabriel, finite in the volume you hear, but infinite in the area it touches, meaning that all of Europe will hear the noise it produces, no matter the tone it will be in.


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A dangerous sense of humour

On one side, we need to laugh every so often, laughter is good for the soul they say, yet, when the press and the media get involved in this situation, there is a real danger where they can actually make things worse. This has been proven on several occasions in the past, in several nations. You see, I agree, Conan was funny, introducing Adolf Hitler (Sarah Silverman) was hilarious and it was comedy. Nobody denies this! The issue is that it is also dangerous. The people are angry and they are not in the mood to trust anyone. Now here comes the loudmouthing blunt Trump. We see the thoughts of the American public like it is a cartoon text balloon. ‘He, doesn’t need the money‘, ‘he is already a success‘, ‘perhaps he figured it out‘, ‘what do those wannabe’s know?’ It is the last thought in all of this. Libertarians who threw the people to the wolves for high moral plans no one could afford, at the same time Wall-Street keeps on doing what it is doing with no accountability in sight. There are racial issues, there are inequality issues. The people are very angry and people like Conan know that, they hope that with a laugh and a smile it will go away. It is too late for that, the comedians will need to get serious for a while, if not, they end up having to deal with 4-8 years of Donald, not the Duck, the Trump and the fallout that follows!

You see, as a comedy there is a moment in Mel Brook’s ‘History of the world, part 1’ where we see the Roman senate, they are offered a question their response ‘Fuck the poor!’. To which we hear. ‘Excellent, now let’s get back to business’. That is exactly where America, Greece and many European nations are. I remain a little in doubt as to the drive of Japan, because I know too little there. The people are seeing their futures evaporate, their pensions will soon be lost and those who have no rainy day solution will work until they die.

That has become the reality of today and the people are, as I said before very very angry.

In the Netherlands we see a repeat of a different nature. I remember this the first time around, as I was there. In those days, an ultra-right wing bigot called ‘Janmaat’ was the problem. In those days clever politicians decided to ignore him completely, which I thought was a mistake, even as he was a loon to say the least. And I was proven right at the following elections he actually got three seats in a place called Schiedam. He actually ended up with a seat at the table. Now, as he was too extreme and outspoken lacking constraint and thought. He was for all intent and purposes the Dutch version of Jean-Marie Le Pen. Geert Wilder is another matter, like Marine Le Pen he is a lot more intelligent, which now gives us another problem as we see the issues escalate. When we see the Irish Times (at http://www.irishtimes.com/news/world/europe/rhetoric-against-geert-wilders-ratchets-up-in-the-netherlands-1.2531503), you could see this as an open and shut case. But it is not. The quote “Right-wing politician Geert Wilders has been described as “a threat to democracy and the rule of law” in the Netherlands after calling for “resistance” to the establishment of refugee centres to house migrants from Iraq and Syria“, the issue is not the quote, it is the context. Even as we see “The condemnation by the chairman of the Labour Party, Hans Spekman, came as a new survey showed that hundreds of local councillors are considering giving up politics because of credible physical threats against themselves and their families“.

The context is not given. Elsevier gives us: “De PVV heeft volgens velen grote invloed. PVV-oprichter en partijleider Geert Wilders gooit, zoals premier Mark Rutte (VVD) zei, geregeld een stuk ‘rood vlees in de arena’, waarna iedereen daarop duikt. Meestal leiden zijn uitspraken over immigratie, de islam, de Europese Unie en de elites tot ophef. Afgezien van dat verbale theater zijn de resultaten van tien jaar PVV des­ondanks bescheiden“, {translated} According to many, the PVV has a lot of influence, Prime Minister Rutte states: Geert Wilders throws a piece of red meat into the arena, and everyone is going for it. Often enough the quotes are related to immigration, Islam, the EEC and the elite. Beyond that the results of 10 years of PVV presence is modest. Here is the issue and the context. It is trivialisation. Consider the quote “local councilors are considering giving up politics because of credible physical threats against themselves and their families, you see Geert Wilders did not do that. He has been clearly quoted as the person stating the need for non-violent non-compliance. Which is pretty much what Ghandi did. The people of the Netherlands are angry because life in the Netherlands is less and less affordable, housing, food, the prices keep on going up. Let’s not forget that the Dutch National population density is pretty close to that of London. Just in case you did not fathom that. The NATIONAL density of that nation approaches the density of the city of London. The politicians are playing with funds they do not have, budgets they cannot keep and now, they add more and more refugees. It is a commendable approach, but elected officials are still only elected by the people and the people are less and less agreeable with the decision made. Geert Wilders sees this and is playing those cards intensely. So as we see places like ‘The Post’ (http://tpo.nl/) are trivialising him and stating how he missed the boat. They are in equal denial on how much support the current political parties have lost at present. We see other statements by the Post on how PVV members are lowly educated and how they do not comprehend statistics. Well, that might not be incorrect, but the Post or better stated the people there have very likely read ‘How to lie with statistics’ and the people are realising how the numbers are no longer reliable.

The Dutch version of the Financial Times (at http://fd.nl/economie-politiek/1134584/pvv-naar-41-zetels-in-peiling-maurice-de-hond) gives them a current ranking of 41 seats, the fourth party ever to surpass 40 seats. Two of his contenders, those who usually are much higher than the PVV was are now on 18 and 19 seats (which might have been a typo by the Financial Times), implying that the PVV is now larger than the both of them. An achievement that even I never considered to be realistically possible. Now we get additional news from POW Ned (at http://www.powned.tv/nieuws/politiek/2016/02/syrische_oorlogsmisdadigers_mo.html), now I cannot vouch for the quality and reliability of that news, but consider that they stated 2 weeks ago that Syrian war criminals are currently in the Netherlands. They are not the only source stating this, some more renowned papers are giving similar statements, that those criminals, if applying for refugee status could not be removed from the Netherlands (source: Elsevier), if so, the Dutch people are likely to show a lot more anger soon enough, this is part of the danger that Dutch trivialisation is giving them, because the angry people (the numbers are growing daily) are siding with Geert Wilders, even though they are not in full agreement of his agenda and his voice, but the other parties have ignored the voice of the people for so long that they have had enough, which is part of the reason why many local politicians feel threatened. You see, they were there to fight for their constituents, not to dance to big business and the needs of a community that deserted them. If we accept that Humour is a moderator of compassion fatigue (see: Carmen C. Moran), we can get to the side that the higher the fatigue, the more direct the humour needs to be (the Adolf Silverman sketch, or was that Adolf Trump?), Kuhlman in 1988 gave us the premise that humour can be a bonding agent amongst colleagues as an emotional language, yet this is an environment of like-minded persons. That is not the case with the American people, and as such Humour is the trivialisation that no longer seems to work, it actually becomes the accelerant fuelling the American anger (to some extent). The same path is what the Dutch parties face with the PVV, like Janmaat, it would be great for them if Geert Wilders unqualified himself through his voice, but Geert Wilders is intelligent enough, not to be that extreme.

The growth of far right wing parties is what makes humour a dangerous tool to use, because the voters are either not getting it, or they no longer care who comes into power, as long as it is not the ‘current’ party. That makes for an unbalanced and dangerous escalation. As we see that Marine Le Pen is still the party to observe in the upcoming elections, the growth of the PVV and now the headway that German AfD (Alternativ fur Deutchland) is making, gives all the players several worries, more than ever before. Even as Italian Matteo Salvini with Lega Nord is unlikely to be the growing favourite, a wrong sense of humour in Italy could change that to some extent, yet I reckon not enough, which might make some people rejoice. What is a given is that the European map will soon starts to get  a major overhaul, the extent of the overhaul will remain a mystery until the election dust settles, at which time an entirely new sense of humour will be required.

Will this affect the UK? That is actually an uncertainty, you see Brexit will make part of that determination, yet in equal measure how David Cameron now deals with Turkey is going to be centre in all this, especially the next elections. Nigel Farage has already spoken out against Turkey and in all honesty, I am not sure if he is wrong. The European players have been too lenient on Turkey and too lenient of the acts of Turkey as a whole, which implies that any soft catering towards Turkeys goals, especially as people start to realise that the Greek mess (regarding refugees) is largely DUE TO Turkey, any non-firm stance by Prime Minister David Cameron and The Right Honourable Philip Hammond regarding Turkey will hurt the Conservative numbers, of that I am utterly convinced. This poses an interesting place for UKIP, as they have not had such an advantage before. There is no clear way to tell how those dice will fall. Those elements will get an additional levy when we consider that Nigel Farage will be in the Netherlands 2 days (next month) before the referendum on the ‘EU’s treaty of association with Ukraine‘. By some this treaty is seen as a general feel on the EU as a whole, with one difference. Dutch News quoted Nigel Farage with “If you win in your referendum, my goodness me, that will help in Britain too“, which seems to be correct, the Ukrainian situation is an unstable one and Nigel can get votes no matter how that referendum goes. It is quite literal ‘damned if you do and damned if you do not’, these are easy points to pick up for Nigel and that impacts Geert Wilders too, although he would need a clear win here. The political map is shifting for a multitude of reasons, but let there be no mistake. The Greek economy started this, the power players desperate for their ‘Status Quo’ only added fuel to the fire and now they are for the most out of the game, making threats on how people are losing out and that story became stale and no one believes it any more (the voting population at large), the players relied on a dangerous sense of humour and they are about to lose in three nations no less.

Any opposition towards the far right needs to get serious and remain so, even at social events for some time to come.


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The Defiant Possum!

Yes, Greece is all over the news today, in many ways the people are now expecting a Grexit, the Greek exodus from the Euro. The people are reading more and more about the Greek way and no one is playing nice anymore. Even though readers might disagree with my view, which remains forever valid, let me show you the evidence that brought me to this!

The Centre Party, led by telecoms millionaire Juha Sipilä, must now put together a coalition. And if he invites the Finns into office too (Timo Soini, leader of Finns, who has already vowed to change’s Finland’s approach to Greece), we will see the complication regarding the chances of agreeing a third bailout for Greece. (Source: the Guardian). You see, Finland’s economy not in a great shape and they are now facing austerity. Sipilä had pledged a wage freeze and spending cuts to make it competitive again, which are issues that Tsipras is not addressing, which means that the Finns are no longer playing nice, one less vote that might have been in favour of any third bailout, now lost, the trip from Tsipras playing nice with the Russians did not help either. We now see a direct consequence on inaction where the observing it all are going more extreme, less positive towards the Euro. The Finnish Centrist Party is only a smaller step in the path that UKIP, National Front and the PVV are proclaiming. So, those who were rightfully sceptical of my predictions can now personally see the first of 6 steps fulfilling, the Pro-EU part in Finland lost and the Centrist party now has a staggering 49 seats, they are now in the centre of any coalition, gaining 14 seats. This is the danger I foresaw all along, even if many other parties were blind to this danger.

The second part was seen today when Fabrizio Goria (@FGoria) published the Barclays list on the payments that Greece has to make, these are only repayments and payments on maturity of bonds, the repayments are €1B by May 15th, €1.7B by June 17th, €4.7B by July 20th and €3.6B by August 20th. This brings the total repayments €10.7B before September 1st. Can anyone tell me how they expect to pull this off? Let us not forget that the days of the Onassis shipping fortunes are gone, the nation has a population of 11 million. We could state that it boils down to 970 Euros from every Greek (including the minors and babies), in addition to the taxation they are mostly not paying at present anyway. Add to that that many Greeks are living way below the poverty line.

So when we hear on French TV (iTele) the fact that Moscovici added that “Plan A is for Greece to remain in the Eurozone, and there is no Plan B. But there’s also no time for prevarication“, so in this story of ‘Moscovici the Possum’, playing dead to the realities of finance, where the next bailout of €7.2 billion, does not even cover the bills due before September 1st, which add up to a lot more than the bailout money that might not even come in. When we saw that the last payment was almost not made, when the Greeks pulled it off we saw the some triumphant pose of ‘we did it!‘, whilst we also saw that it cleaned out Greece for the most and that the payment made is only 10% of what is due over the next 18 weeks. This is the future I foresaw, one that could be done by nearly all using Excel or an abacus.

But this is not just about my view, others see it in the same way. Although, there is (as will be) an opposition view too and I do not ignore it. Foremost there is the eminent view of Simon Nixon from the Wall Street Journal. He stated: “One option is that Greece fails to get a deal with its creditors (quite plausible), runs out of cash (ditto) and then defaults on a debt repayment payment. But that wouldn’t immediately trigger Grexit“, which is where I am to some extent. Yet, he adds to that “How things play out after [a default] that will depend on who Greece decides to default on and the reaction of bank depositors. If Athens defaults on a government bond or loan, then the ECB will have to raise the price that banks pay to access emergency liquidity from the Bank of Greece, effectively depriving them of access to fresh supplies of euros. If Athens decides instead to default to its own citizens, perhaps by issuing IOUs to pay pensions and salaries, bank customers may start emptying euros from their accounts. Again, banks would quickly run out of collateral for emergency liquidity. In both cases, Athens would have to introduce capital controls and bank holidays to stop the financial system imploding. Some officials believe Greece could carry on for several weeks if not months in this state of limbo while still technically remaining part of the Eurozone“, I am not denying his view, he has a good grasp of things so he is probably a lot more correct then I am. Yet, my issue now is not whether they remain in the Euro, but the ramifications of Greece remaining in the Euro, regardless of the consequences and through the wheeling and dealing of several players who feel profitable if Greece remains in the Euro. Finland is only the first of 6.

Second is the UK with UKIP, that party is still growing and the Varoufakis rock star tour, as we saw it over the last two months, only agitated people all over Europe, the entire German slamming thing as well as the political statements around the refugee issues did not help either. So as UKIP grows, so will the option (and future) of the Euro diminishing in equal measure, the nightmare that Moscovici will like even less.

Third on the list is France with National Front. They will go on growing and the momentum UIKIP gets will massively benefit National Front, the party that was ignored for way too long has become a voice of power in France. Marine Le Penn has become a global player, another member against the softness for Greece and even less in favour of the Euro power as it diminished the force of France will take a steep change for the worse of the health of the Euro as they gain more momentum.

Fourth is the Dutch PVV, by themselves not that powerful or too influential, but with the like minded views they have to some degree to both UKIP and National Front, PVV will be invited to several tables they were not invited to earlier, even though their favour is falling (especially against the Dutch VVD), they remain a higher placed party (higher than they were before) and should the VVD be unable to create a working dialogue with UKIP and National Front, we will see more growth towards PVV, making them another voice that asks to end the Euro.

Fifth is Germany. Their power is actually twofold, first there is the growing opposition from Bernd Lucke, with his AfD (Alternative for Germany), remains on a forward momentum. And as they are anti-Euro, that ship needs to be closely watched, in addition, some German magazines state that one in two Germans are now in favour of Grexit. And here we get the first major Crux. Should some player overextend their reach by forcing some ‘deal’ keeping Greece in the Euro with a last minute ‘miracle’ solution (with ‘some’ hidden costs down the track of course), then the move towards AfD could be a lot more massive than before, the German player is the biggest one at the moment (in economic regard to the other 5 parties) and they have had enough (especially after the WW2 debacle Tsipras reignited).

Sixth in all this is the wildcard Italy. Here we have several unknowns, yet there is also a glooming danger. You see, the party here is Lega Nord, normally, this party is the one that is not the biggest contender it never was. However, Matteo Salvini is making headway, slowly but surely. Now we get the other side of the Greek issue. Matteo could grow in Italy with Lega Nord, the same way Syriza got Greece under Tsipras. Now we have ourselves a different fight, because Lega Nord is the opposite of Syriza and they are anti-Euro, as well as Anti-immigrant. So the issues pushed on us by Greece that are nagging us, are also growing the powers of Lega Nord. Normally it would not be such a big deal, but with National Front and UKIP being similar minded, Lega Nord will now get a more powerful European voice, together they will also push growth for AfD, or through AfD. I feel that they could grow a ‘symbiotic’ relationship.

If you are scared now, then do not be (unless you are a banker). These issues have been clearly in play and the vocally uttered path from Moscovici is helping these six entities and his speeches might help Moscovici a little less over the coming weeks. By trying to hold onto ‘Status Quo’, Moscovici might be achieving the opposite, who is the nice cuddly Possum now? Actually Possums are regarded as pests in New Zealand, so even as the possum is protected in Australia, is gets shot on sight in New Zealand. So as Moscovici contemplates his value as an asset by some, several nations are regarding the steps of Moscovici to be like a pest. Even though most of these politicians are not into the fair wildlife ‘game’, they will regard his policies and the need for them to be shot down at their earliest convenience. Not by the six I mentioned mind you, but as these issues are reason for growth for the six players mentioned, the other parties in those nations will now slowly more and more accept sacrificing Greece (by holding them to account), for them it is about governing and their chance to do so diminishes with every iteration where Greece remains unaccountable.

So here is as I see it the opposition I see to Simon Nixon from the wall Street Journal. Not because he is wrong (he is not wrong), but because the correct path seems to elevate some political parties to the degree that several political opponents do not want to see, which exasperates the Greek position even further.

This all escalates even further when we consider the news from NBC less than an hour ago. The title ‘Greece requires public sector entities to transfer cash balances to central bank’ should worry many, as it could be the first signal for the population of Greece to make a bank run (at http://www.cnbc.com/id/102601803). The quote “Greece issued a legislative act on Monday requiring public sector entities to transfer idle cash reserves to the country’s central bank, as part of efforts to deal with a cash squeeze” gives a fair view that Greece is trying to collect all the ‘idle’ cash there is. Is that not addressing the very last option? The second quote is “Monday’s act excludes pension funds and some state-owned firms. Cash reserves that are needed by these bodies for their immediate payment needs are also excluded from the regulation”, here we get the part ‘excludes immediate payment needed for pension funds’, yet what is ‘immediate’ here? 4 weeks, 8 weeks? This could possibly imply that those on a pension might not receive anything from June 1st onwards. Perhaps this is just to make headspace (or is it fund space) until May 12th? I do not presume to know the answer, but the Greek acts only confirms how right I was all along (as I see it).

So as Greek Prime Minister Alexis Tsipras seems to continue to try to convince sceptical foreign creditors to extend new financial aid, we must ask how successful does Alexis Tsipras consider his chances when the state is collecting all ‘idle’ coins. If it takes all coins just to make the next €1 billion, whilst 9.7 is still required soon thereafter, how much faith will the creditors have? So, the earlier statement that Yanis Varoufakis made (three days ago), when he stated “On the 24th [April] there will not be a solution, there will be progress”, he’ll better wake up now and realise that he finds a decent solution before Saturday, because progress might not be enough and when the creditors state ‘no!’, then the Greek default could be regarded as the next reality. By the way, the quote from Bloomberg (regarding the legislative act of Greece) is: “Central government entities are obliged to deposit their cash reserves and transfer their term deposit funds to their accounts at the Bank of Greece,” the presidential decree issued Monday said on the government gazette website. The “regulation is submitted due to extremely urgent and unforeseen need”, I wonder what unforeseen need they might imply, because there was very little un-foreseeability regarding the strapped cash issue, that part was almost crystal clear when the previous payment was barely made.

The only thing remaining is to keep an eye out on the quotes from Pierre Moscovici for the next 48 hours, it might be interesting to see the ‘swing’ it holds (if it swings).

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In fear of the future

As elections draw near, we see an everlasting image of what was, what could be and what is. The last of the issues is then rejected in two directions. As the Tories will go from what is into what could be, we will see labour into the mesh of what was and what did not happen. They are elements we saw coming a mile away (at http://www.theguardian.com/politics/2015/mar/14/osborne-budget-speech-economy-growth-deficit).

War is constant!
The political face of warfare never changes!

Both true, both unconditionally an issue in this day and age.

You see, the one trillion in debt is bogging down the UK and the Commonwealth as a whole. We need to bring it down, yet when we see the more likely response as it is given in the Guardian: “Deficit reduction has been much slower than Osborne forecast five years ago. In his first budget, in June 2010, the chancellor predicted that he would need to borrow £37bn in 2014-5” and “that tax receipts would cover day-to-day government spending. The actual figure will be almost three times that“. Both are right, both are staring down the wrong rabbit hole! If we accept the generic statement that the UK faces a £43 billion interest bill every year, which is more than the spending of Defence, are we catching on? Bankers end up with a 43 billion payout, which is certain money, no risk and all very much fuelling a banking bonus. The interest is just a little shy of 50% of the allowance for Education. Getting rid of the debt must remain the highest priority. Apart from most of us regarding the interest bill as an issue, it is nothing compared to what happens if the budget is not properly managed. Yes, it sounds so nice that we see the quote “Vince Cable has warned that George Osborne has no room in next Wednesday’s budget for a substantial pre-election giveaway, but acknowledged that there was some headroom in the public finances for modest tax cuts or an increase in public spending” (at http://www.theguardian.com/politics/2015/mar/13/vince-cable-osborne-budget-no-room-pre-election-bonanza), but regard the Guardian image (at http://www.theguardian.com/news/datablog/2014/mar/21/budget-2014-tax-spending-visualised#img-1). Here we see that borrowing was still needed, at the amount of £84 billion, which means that the debt is not diminishing. At the same time, the Eurozone decided to go on a one trillion spending spree, which will hit the UK (as part of the EU) sooner rather than later, which is part of the problem too, because these spending sprees are only working for a drive of the people towards Ukip. To be honest, I am not sure if the premise has changed. I remained on the fence considering that leaving the EEC was too dangerous, but as we see irresponsibility and non-accountability (the sad comedy of a threesome involving a Greek, a credit card and a banker) is now fuelling a stronger drive towards Ukip, Whilst political Europe is wording bad management clauses and whilst they have no real solution, we see deeper dive into debt. The UK MUST AT ALL COST prevent this nightmare. It seems all too clear that Germany is now also ready to leave the Eurozone. Perhaps not the politicians in an outspoken way, but the German people seem to have had enough. Of all the crazy rock bands that Europe has, the Greek one, with at the microphone Alexis Tsipras, the drums are played by Panos Kammenos and as ever in style of Greek theatrics, the Bass is played by Yanis Varoufakis. The name of this band is Aite and it remains to be seen how long the band will remain in existence. You see, instead of addressing failures, the players of this band entered the blame game. A game played by many, yet always only illustrating their own lack of commitment.

In that we see a link to the UK, the UK, its MP’s and those in charge with a title of that what is (like Chancellor of the Exchequer), this person cannot relax, because if it was needed to borrow £84 billion, that means that the words of Vince Cable were poorly chosen, because there was never any headroom. Even if there had been no borrowing, the headroom was not there, the debt must go down, the faster it goes down, the better everyone will feel and the more the government can do for the People of the United Kingdom.

It is just that simple and yes, we will all feel the pain for many more years, because previous governments had not taken control of its spending. Now that the invoice is way past due, the bulk of politicians are all about pushing it forward about pushing away that what should have been dealt with by a responsible person (read a person elected into office). The Tories are trying to get that done and they have also faced backlashes and setbacks. No one can deny that, but the debt must be dealt with.

The issue is seen here: “The Lib Dems have been pressing for a further rise in the £10,000 a year personal tax allowance – the sum before which any income tax is paid – in an effort to press home his party’s ownership of the single biggest tax reform of the parliament. The allowance is already projected to rise to £10,600 from April. Every £100 annual increase in the personal allowance costs £500m. The alternative will be to align national insurance with the personal tax allowance, a measure favoured in the past by Cable as doing more to help those on low pay“. In view, I am willing to consider this as an essential option, but if we are to move forward, it should only be allowed in a balanced budget approach. So, helping those on low pay is fine, but only if we change Basic rate to 21% and higher rate to 42%, which means that above the £10,600, the basic income goes up by a maximum of £318 and in addition, high income get an additional maximum of £836. This allows us a balanced budget. If you wonder why not the highest toll? Well, they also get the 1% of the base and the 2% of high anyway, that group is dwindling down and to seek even more to that smaller group seems a little unfair (the non-bankers that is). The second premise here is that this extra collected fee can ONLY be used to balance out the lost revenue from the basic rate group that had their annual income between £10,000 and £13,000 per annum. The rest of the collected tax MUST go towards lowering the debt. If we can believe the 2014 article by the Guardian, this will hit 6000 people, which means that it only raise a few millions, so taxing the rich has always seemed like and always remains a hilarious act of pointlessness. It is the 1% from the basic rate that will truly make a difference. It will drive the debt down faster, it will lower the interest bill which will help lower the debt even more.

It is basic calculus, an abacus can give you the information and politicians at large have just been skimming the sidelines towards the premise of confusion. If you doubt these words (always a fair notion), than ask Vince Cable to clearly explain where he found the headroom to manoeuvre!

The only big issue I have with George Osborne at this point is the voiced idea “We will ease back on austerity while sticking to our deficit-cutting target“. The article states against this “Even after a trim, Osborne’s cuts programme will still look drastic. Labour will argue that he is taking too much of a risk with economic growth and jeopardising essential public services“, in my view, easing austerity remains dangerous, the fact that the interest bill exceeds defence spending should be a massive red flag over everyone’s budget. On a global scale, bankers grow rich whilst sleeping through the bad cycle, how is this ever a good idea? Sticking to deficit cutting remains a goal, but you endanger this premise by ‘easing’. That is not a premise or a guess, it is a mathematical certainty. Whomever is telling you a different story is (as I see it) lying to you. My evidence? The 1 trillion debt, which resulted in total into £43 billion in annual interest bills and still there were £84 billion in additional loans. Total fo5r last year would be £127 billion in money going somewhere else.

The final issue is the crackdown on tax evasion, these politicians all talk and talk, but this could have been settled in the simplest of ways 2 years ago, perhaps even longer. It only requires one simple change to be accepted ALL OVER EUROPE, in all EEC nations. That one line is: “A company is taxable at the point of purchase by the consumer“, the buyer is the point of purchase, he/she buys an item, it does not matter WHERE the sales server is, by forcing locality in taxation we now see a fair dinkum approach; where the consumer spends that nation also sees taxation. I wonder how quick the Americans will now protest. They have played a long game of possum and now as we act, they will suddenly fear a drop in economic revenue as it all shifts in the true directions of where the money had gone. The change is so simple, is it not weird that those European Big Wigs could not, or would not consider such implementation? It will not make friendly faces in Ireland, but at least many will see a fair adjusted sales taxation approach.

Now we get back to the linked items, Germany is at the centre of changes that will impact the UK. I kept an eye on Bernd Lucke in the past as he was trying to drive Germany out of the Euro and the Eurozone. It was laughed of as a non-issue on more than one occasion. Now we see that Hamburg 2015 is a game changer, you might think that +6.1% is nothing, it seems low against the SPD with 45%, but the AFD now has seats where it did not have them before, also as the SPD is no longer a majority party, the game now changes in Germany for many people. The German people have had enough, the events of last month whilst a nation with a mere 2% of the Eurozone GDP is an affront to many people, especially as Greece is not cleaning up its act. This matter will soon shift in stronger ways. Linked to this is the victory Front National booked in 2015. They won the first round in the by-election. Something also quite unheard of, but not by me as I have seen the premise change all over Europe. Now as we see escalations, whilst the damage that uncertainty brings in regards to the UK total debt is seen in the growth of Ukip (at http://www.theguardian.com/uk-news/2015/mar/07/ukip-100-second-places-may-election-nigel-farage). Now we see the title ‘Ukip on track for 100-plus second places across England‘. I believe the Greek issues will drive a walk towards the Nigel Farage party even stronger. And to more than a lesser degree it can be seen a result through the actions of Greece. Bringing up WW2 reparations was (as I see it) the worst they could have done. You see, we all have issues in that regard, but they are counterproductive. As I see it, the Germans still owe my grandfather a Bicycle (Dutch cultural joke), but that device will not do anything for any economy, now even my own and I guarantee you, the bike did not cost anywhere near €162B, even as special a bike as my grandfather had in 1943.

So I am in fear of future, because these escalations are mostly all due to non-accountability. As Greece shows the self-confidence and pride that seems to be self-destructive, we see this element of Aite the Greek band I mentioned earlier, named after the Greek goddess of folly, ruin and delusion, leading to the downfall of all Greeks in the end. Feel free to doubt my words, but only today did we see this in Reuters (at http://www.reuters.com/article/2015/03/14/eurozone-greece-italy-idUSL6N0WG08S20150314), Italy is now making clear that Grexit will not represent a risk for Italy. The Greeks allowed for a game of chance once too often, now we see: “a Greek exit would be ‘very negative’ but he was confident a solution would be found. EU executives warned on Friday that Greece abandoning the euro could lead to ‘catastrophe’“. One dark cloud does not make for Grexit, but Europe at large seems to have its fill of Greece and not facing consequences of THEIR actions. Does the Greek population realise the dangers and the hardship the Drachma will bring? The rich of Greece will get by, I reckon the rest as all savings are diminished by exchange rates a lot less so.


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