Tag Archives: Aramco

The changes to a Digital Currency

I was alerted to a story on https://www.cointribune.com/en/saudi-arabia-joins-the-wrong-blockchain/ stating ‘Saudi Arabia joins the wrong Blockchain…’, well that is merely a matter of opinion. You see the CBDC (aka mBridge) is a digital currency that is controlled by banks. It is under control by China (read Tencent) and is a system that runs next to swift. It could rival it over the next few years and moreover could overtake swift too (speculative view by the writer, aka me). The involvement of Saudi Arabia implies “The kingdom’s integration into the BRICS club is far from trivial. Member countries are clearly expressing their intention to purge the dollar from their exchanges. The arrival of the Saudis could mean that Saudi oil exports to China could one day be conducted via the mBridge blockchain, in yuan”, implies is as I word it, but the implications as quoted is the first major dent into the ‘settings’ that could take a lot of Wall Street out of the frame, again this is purely speculative. Another source, Forbes gives us (at https://www.forbes.com/sites/digital-assets/2023/08/24/bitcoin-vs-cbdcs-analyzing-universal-access-in-digital-currency/) ‘Bitcoin Vs. CBDCs: Analyzing Universal Access In Digital Currency’, which they gave us last August. They also give us “The digital cash revolution was spearheaded first by bitcoin and then by other cryptocurrencies, which has led to the birth of Central Bank Digital Currencies.” This is followed up by “it’s the rise of CBDCs and cryptocurrencies that may represent the most transformative phase in this evolution.” I think that is the larger issue. I don’t trust Bitcoin, not because of the digital setting, but the picture that it is not supported by any coins, or gold make it a virtual currency. ‘Everyone’ is on board for what they think it will bring. But the larger picture becomes that a virtual setting could from today ($62,730.9037) and when it goes to $50,184.7258 tomorrow (worst case scenario) there is nothing stopping it, moreover I reckon that all these pensioners hoping to get rich of this, this downfall will result in lots of pensioners ending with nothing. That was the fear I alway had. This is why I do not trust it. The CBDC (mBridge) is as said cemented in “the country’s central bank.” Forbes also gives us on the of the 23rd of June (at https://www.forbes.com/sites/digital-assets/2024/06/23/cross-border-cbdc-focused-project-mbridge-moves-forward/) “For more than three years, the Bank of International Settlements (BIS) and the central banks of China, Hong Kong, Thailand and the United Arab Emirates (UAE) have been working on a cross-border central bank digital currency (CBDC) project known as mBridge. In a nutshell, the project aims to improve efficiency, speed and transparency in cross-border payments.” It is the transparency that matters and the fact that it is under control of a nations central bank. This implies that banks are ultimately responsible for issues, with Bitcoin this is anyones guess. The text “MBridge recently took an important step forward with the completion of its minimal viable product (MVP) stage and the decision by Saudi Arabia to join the project.” You see this means that mBridge would be getting support from places like Aramco and China with their Yuan. This puts the USA on a slippery slope (commercial wise) if the oil dollar pushed to nowhere, the Yuan will gain strides of upgrades. Additional we get “According to China’s Digital Currency Research Institute (DCRI), mBridge transactions take seven seconds and cut cross-border payment costs by 50%.” I believe that the 7 second delay is only applicable to cross border issues and I do believe that this is a temporary delay (before the first upgrade a time upgrade), the reducing of cost by 50% would be cheered by all sides of the equation (probable with the exception of Wall Street). The article ends with “but risks to the initiative will rise sharply if it becomes seen as part of broader U.S.-China competition” a political setting, but as that rises the USA (and optionally the EU) will lose a lot more. For the most the people are fed up with the American bully tactics. It is hurting their pocket. Consider that a decade ago where everyone copied the narrative “Washington officials began warning of Huawei’s ability to embed spying capabilities in its gear” but never was any EVIDENCE presented by anyone. We get setting like ‘could’ and ‘the possibility arises’’. The former director of German intelligence stated to Deutsche Welle that they didn’t understand that technology. So where is the evidence? America presented a case that was settled a decade earlier. China has issues with the US and EU. This is their shot across the bough. And it is one that matters. With billions in revenue gained, with the BRICS setting and with a setting that could replace the oil dollar with the Yuan, Wall Street would lose a lot. So whilst the American administration begs for cheaper oil, all whilst they pretty much shot themselves in the foot. 2025 and 2026 might prove disastrous for both the US and EU. The EU will accept the mBridge solution a lot earlier than the US would and when the Bitcoin loses 20% or more in value. Many pensions will be reduced to zero. It was the risk of a decentralised system with no foundation in any bank or in a commodity like gold, but that is merely my point of view.

Enjoy today, it is still yesterday in Vancouver and Toronto. 

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Angle, Bigotry, Chauvinism

Yes, all words, these three words represent the bias of the media. And it has started some time ago. But here in this case lets take a look at Sky News (at https://news.sky.com/story/unprecedented-2-400-fuel-lobbyists-at-cop28-in-dubai-claim-campaigners-13023153). Here we are given ‘‘Unprecedented’ 2,400 fuel lobbyists at COP28 in Dubai, claim campaigners’ but that is not where the bias is. As we are given names like Amin Nasser (CEO Aramco) and Sultan Al Jaber. Yet what I find weird is that there is no names linked to Brent Crude oil, there is no mention anywhere in COP28 of anyone from Brent in this. Welcome to bias.

Then we get “At least 2,456 fuel lobbyists have been given access to the COP28 summit in Dubai” so not “more than 2,400” but an actual specific number. And it comes from the group called “Kick Big Polluters Out”,  or KBPO, which could also mean Keep Boneheaded Packs Out. You see, this is not on the oil industry, but on the media. When you consider “Many of the fossil fuel lobbyists are said to have gained access by being part of a trade organisation”. This gets us two questions. Were they all in the blue zone, or the green zone and what was the spread of these people? The second part is what countries were these 2456 people from? How many from the US? How many from Venezuela and Russia? All top-line numbers we aren’t given. So is this the angle Sky News (and others) are working with, or is this part of more? Like all the BS that places like ICIJ gives us with ‘emotional’ stories, devoid of real numbers, real groupings and clusters. The media is becoming less and less reliable. 

We see names like Shell, TotalEnergies, Equinor, BP, ExxonMobil and ENI. However, the name Brent Crude oil is absent, why is that? 

Why can’t the media do its job? Why can’t they give us CLEAR numbers. They got 2456, how did they get there? It might be right, but we aren’t given anything clear and that is the larger station. We aren’t given clarity and the media is making it worse through emotions, speculations and assumptions. How is that for media claiming to be independent, fair, balanced and proclaiming to be trustworthy.

The Guardian also gives us “Al Jaber is also the chief executive of the United Arab Emirates’ state oil company, Adnoc, which many observers see as a serious conflict of interest”, yet no one is asking serious questions from the media and that is the larger failing. I have shown their failures for over two years and things are (as I personally see it) getting worse. It is all about the emotion and the digital dollar, in that process clear reporting seems to be going out the window. 

I wonder if we bulk all the reporting together, will we see anything clearly reported, or should we ask people from Monash University who sees to be there too? I will let you decide, but consider all the things we aren’t being told.

I have arrived to the middle of the week, see you all soon at this point as well.

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Dominoes

That is the game, well it is not THAT game exactly, but the expression should be noted with you all. When things go wrong (and at times that will happen) the events fall like domino stones. One starts the next and so on.

It is here that I found myself after seeing ‘Saudi Arabia Pumps Another $100M Into Aviation As It Targets 250 Destinations By 2030’ (at https://simpleflying.com/saudi-arabia-aviation-investment-december-2023/). You see, this is all connected to a much bigger frame. Gaming, the Line, the Cube, the winter sports and so on. They have put up and they have put up the better part of well over a trillion. But the customer care person in me (did that for well over two decades) is looking beyond the frame.

If there is one software company well versed in support and customer care than it is NICE CX software solutions. It is the most complete solution I have EVER seen and there is one hitch. It is Israeli. Now, that doesn’t make it a deal breaker, but it might require Saudi Arabia to make adjustments (like with any other software solution). It needs to become Arabic (it might already be) and it needs to cover several areas and there is a bigger hitch. It needs to survive and offer multiple settings towards deployment and customer service. 

So why now?
The simple setting is that something that big will need time and testing. Adherence to a larger station a well as a larger setting in more fields. Hotels, locations, trade shows, events, airports and so on, that list will not stop for some time and setting this up will take well over a year. Beyond that the creation of a book of ceremonies to capture even more, include even more will have certain settings. Settings for telephone, fax (some still rely on that), internet, CAPI, CATI, form scanning and collecting and verifying data is a much larger issue than most realise and now it is in one hand, in one organisation. I reckon before we get to that setting places like Aramco and SAMI will see additional benefits as well. And if goes well, a lot of it will be complete by 2028, with 2 years of testing before the larger corporations like Saudi Airlines and hotels are connected to that solution. 

Time is an awesome partner when you have this. When this is started in 2029 it will be too late and Saudi Arabia will be cleaning house and answering complaints for well over a year AFTER the solutions are deployed and in that case I always go with, being early is essential, especially with customer care issues. You can only make a first impression once. The rest becomes repair and catering to a howling mess of complaints and that never has ever gone well.

I am curious what could be done and when we get to connect these systems and see how we can serve the customer consider that any international visitor to the The Mukaab, that person flew there, that person is in a hotel and that person could be visiting Trojena as well. Three options to possibly fix something, or to make the visit of that person even more amazing and now multiply that by 100,000,000,000 visitors. Also consider that Riyadh Expo 2030 will be then. When you consider all this, is there any doubt that such a system will be required to keep events in line? There is a second issue. I doubt if Saudi Arabia ever faced events to this amount and to that amount of visitors ever before, but that could merely be me.

Enjoy the day, for most it is about to become Monday, I have completed that day already.

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Tapping an economy

This happens, some other (or new) player sets the stage where they can become a major player. This is a rare case but it can happen and now I seem to be witness to one that could end up being a much larger stage than I ever expected. The BBC (at https://www.bbc.co.uk/news/business-66310714) gives us ‘Why it matters where your data is stored’. The article is all about the cloud, yet this article gave me parts that brought out questions that allowed the consideration that the new player could in a short time frame become a major player. Yet to see this, we need to look at the parts.

Part 1
The first question is coming from ““The American authorities have the right to go in and see any data that is stored in an American cloud, even if the data centre is in Europe,” Mr Åström says.” That was a selling point for American firms and with the IP in data centres the Europeans will become concerned. The American credit score is dwindling down as such they will become more and more concerned with THEIR value, a view Europeans will not share, or will be willing to chance sacrificing asI see it.

Part 2
Then we get to “it’s big enough to rival the major US cloud providers: Amazon Web Services (AWS), Microsoft and Google. They have a 65% share of the world cloud market between them, according to Synergy Research Group”, here I miss the IBM and Apple clouds. Apple is a different issue, they have a niche market and they are optionally decently safe from what is coming. IBM is different, they have been on the corporate data shoe forever, so why is IBM avoided? The numbers give me “IBM Hybrid Cloud has market share of 1.88% in infrastructure-as-a-service market. IBM Hybrid Cloud competes with 71 competitor tools in infrastructure-as-a-service category.” Perhaps they are ‘too small’, time will tell but that doesn’t matter. With this setting Evroc has the momentum to become a major player, perhaps slightly below AWS, but to go from a wannabe to a player next to AWS, possibly surpassing Microsoft is not done lightly and as far as I could tell has never been done before. But that is not the worst of it (for Amazon and Microsoft). You see the EU is larger in population, as such more services are needed there, but this could flow over into Canada (as it is a Commonwealth nation) then the larger concern (for Amazon et al) will be the Middle East. I reckon that both Saudi Arabia and the UAE might want to be separated more strongly from American firms. If I were China, I would be pushing that button too. As such Evroc as localisation bubbles could grow even further. 

Part 3
Evroc has secured €15m in seed funding and plans to build eight data centres in Europe in the next five years. The first will be a large pilot data centre in Sweden next year.” As I see it, should they decide to add two more clouds (KSA and UAE) they could tap into a few massive organisations and that should make the US a lot more bothered than they ever considered. I had issues with ‘data sharing’ in the late 90’s but I was laughed at, I was overly BS howled at. Well, it seems that I was right all along and now that the US needs its corporations to do well, Evroc comes in and takes away even more. I never saw this coming, yet as I see it Mattias Åström played his cards well and at the right moment. There is no telling how far this goes, yet the idea that (based on the numbers) “Microsoft increased its share from 23%, up from 21% the prior quarter, while Amazon fell from 34% to 33% and Google remained steady at 11%.” Evroc could grow by taking 20% of the others, we get 18% Microsoft, 26% Amazon and 8% Google, Evroc could grow by 12% (optionally towards 20%+) almost overnight (if a night lasts 7 years) That puts them ahead of Google and Microsoft making them a new major player. That is beside the damage they could do in the Middle East. With Aramco, SAMA, Al Rajhi banking, SABIC, STC, MA’ADEN, International Holding Company (IHC), ADNOC, Emaar Properties and a few more more. You might think this is all fun and games, but it is about to get worse.

Part 4
This part was not in the article and that is not on the BBC. You see I have looked in this direction before. In 2020 I wrote ‘Institutionalised Positioning’ (at https://lawlordtobe.com/2020/11/02/institutionalised-positioning/) where we see ‘Microsoft Security Shocker As 250 Million Customer Records Exposed Online’ (source: Forbes), and add to that the recent forged key issue, an issue that the NSA warned them for 3 years ago, we see a much larger stage. A stage where Microsoft is bleeding faith, the faith the customers had in them is dwindling down, as such Evroc could take away a much larger part of that blue joke. As such Microsoft could face a much larger loss. It would be nice to state that Amazon loses less, but certain other parts might not make that realistic. The only player optionally not losing any is Apple. Their largest base are iPhone users with subscriptions. 

These 4 parts show that Evroc is the new player to watch. If that is the case they will need staff all over the world. Even I would like to work for a new player and that is the second danger that they (mostly Microsoft) faces. If Amazon and Microsoft only lose 5% of their cloud workforce they both face shortages all over, and this is in a place where you need all hands on deck. This last part is hugely speculative, but with 8 new centres coming and optionally 2-5 more in the middle east Evroc is set to grow beyond the assessments of analysts. As such Mattias Åström and its new Evroc could be a force to be reckoned with and as such bring massive cash coffers into the EU and towards the Middle East as well and all that revenue goes out of the US and that is a loss the US was not ready for.

Enjoy the weekend 

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One voice is still a voice

I made mention of this all over June. The production cuts that Saudi Arabia set out to do would have impact. Some called me stupid, most ignored the issue. Yet Bloomberg gives us ‘Saudi Arabia’s Oil Production Cuts Are Quietly Starting to Bite’ (at https://finance.yahoo.com/news/saudi-arabia-oil-production-cuts-105634851.html), as such you need to consider. Not merely that I was right. The larger setting is that this is only one week into the new amounts and it is starting to bite. So how will the setting of less oil be in a month time? And before you know it North America and Europe enter autumn with all the heat they require at that point. We are then given “Brent oil traded in London had been stuck around the $75-a-barrel mark for weeks. That shifted a little Friday, when the contracts rose to about $78, a level they have largely held at since.” A setting we get and understand, but as the supply landscape is redefined, that price cannot be held and I reckon that in a month time it will hit the $90 mark and after that it gets nasty in a hurry. And there is an additional quote that matters. We are given “In the latest move, at least two processors in Asia sought less from the Saudis for cargoes shipped next month, and another said it won’t take any cargoes after an unexpected price increase.” This sounds nice on paper, but when we have 15 processors al vying for the 1 million barrels out there, at least 5 will have no oil to process. It is simple math and at that point the item of sulphur content will not hold much water. And whilst people are shouting where is our oil, I see a group of people that forgot that Saudi Arabia is building a new refinery in China which will gobble up almost a million barrels a day and China who got the deal with a clause accepting that payments are in Yuan is slightly too happy and when Europe (America and Canada too) realise that the reduction in oil is permanent and that China is now in a stage with loads of oil to fuel their economy. That is the point when people realise that they are losing a lot more than they bargained for. If only the US hadn’t pissed of Elon Musk to the degree they had. Yet this is about oil and not about batteries. The simplest setting is that this ‘biting’ is happening after less than 2 weeks into the reductions. So what will be the case in 4 weeks? Is someone considering that Janet Yellen had a portfolio of begging prescriptions towards China? I have no idea where this will end, yet I remember the ‘carless Sundays’ in the Netherlands in 1973. We might have that soon enough and now all over Europe and optionally America too. In 1973 it was fun. I got to test my roller skates on the A27 (a Dutch highway) which extension past Hilversum was brand new and I got to test that tarmac and not a car in sight, good times. Yet now it will be different and I reckon that the economic image will change for a lot of nations. It will not be a simple ‘lets add some money we do not have’. Now several members of the EU will be waging some kind of personal war to get the oil they all need. And I gave fair warning around two years ago. And it was not rocket science, it was simply based on the old premise ‘do not bite the hand that feeds you’ and that is how the escalation wth the UK (and their CAAT) and the US with whatever premise they thought they had and now they all want oil that they are denied. It sucks to be them soon enough.

It might be quietly biting now, but in 4-8 weeks it will not be quiet and when Europe (as well as the US) enters winter that setting will not be a nice one.

Enjoy the almost middle of the week.

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Is it too little, too late?

That is at times the question. What I think does not matter, I can be opinionated. Yet that part is still part of the speculative side that I walk. Only those who are in power in the Kingdom of Saudi Arabia can actually state what is real. The rest including those think tanks are clueless. Well, think tanks have a deeper generic knowledge, as such it is no longer speculation, it is presumption. It is knowledge based on data and knowledge they have, it is more accurate than speculation, but how much more is depending on the political hands that they also feed. 

As such Reuters gave us (at https://www.reuters.com/business/aerospace-defense/italy-ends-yemen-linked-embargo-arms-sales-saudi-arabia-2023-05-31/) ‘Italy ends Yemen-linked embargo on arms sales to Saudi Arabia’ this is good for Italy and it will help the EU, but how much? That remains to be seen. This 11th hour turnaround might have som impact, but will it be enough. For it to matter the UK needed to come across months ago and they didn’t and now China has the bulk of the orders ready for consideration. Italy as such might get some, but will it be enough and there the setting of ‘too little too late’ comes into play. Even as they include the UAE, the setting was always going to be the massive billions that the KSA had to spend and even as we consider that the KSA expenditure reached $75 billion last year, most of it is now going towards China. A safe bet is 40%-50%, but I reckon that China stands to gain up to 70%, all that revenue lost to the US, UK and the EU. The losses for these three are likely THAT big. Mine is not presumption, I do not have certain access. It is speculation at best, but how wrong do you think I am? We saw the courting by Chinese officials in 2021 and 2022 and now that they have made their impact Italy is now ending its embargo with a nice “praising Saudi Arabia’s recent peace mediation efforts”? Who are they kidding? The UK handed their revenue to the tea grannies of the CAAT, well a lot of good that did, China just took over and now none of them have anything to tell anyone. Well CAAT can state that they kept their heads high, so when OPEC adheres to the need of Just stop oil and 250K barrels a day go to China instead of the UK, what will have been achieved? I can tell you, nothing. Nothing will have been achieved, but the quality of life in the UK will go down further. 

We see now all kinds of changes and whilst the political arms give lame excuses all around us, the reality is that we opened our big mouths and there is a cost to that, but when the coffers are empty like most coffers in the US, the UK and most EU countries the cost of living will bite more and more. I tried to warn you all for at least three years and these options are all scuttled and they will not mature. So as Italy is making its step hoping there is some time left, I wonder if there was any time left. It is my speculative view that this is too little and it is way too late, but then my speculation could be wrong. You tell me, I honestly am not certain at present. 

Enjoy the day, the day before the weekend is merely one day away.

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The bigger shift

The news that caught me today is (at https://dohanews.co/saudi-arabia-mulls-launch-of-english-news-channel-to-rival-al-jazeera-reports/) giving us ‘Saudi Arabia mulls launch of English news channel to rival Al Jazeera’. I actually originally got it from the Financial Times, but they are behind a paywall, so I cannot use them as a source. So Saudi Arabia is now considering an English News Channel. This changes things. First E-Sports, now sports (Messi And Ronaldo), Formula one and now we get “A Saudi state-backed media organisation is considering the development of an international English-language news station, seen as an effort to counter Qatar’s flagship Al Jazeera network and boost the kingdom’s media influence”. I personally think that there is another reason. You see, if tourism develops in Saudi Arabia, the need for an English Channel rises and it’s need will rise exponentially. It also allows to dig into advertisement funds that have been denied them for decades. You see, the advertiser goes to where the people and the money is. The money is already in Saudi Arabia, but soon so will be the people. The stages of sports will allow Saudi Arabia exclusive news channelling and that leads to more revenue and more visibility. Even as we are given “The Saudi Research and Media Group reportedly approached media consultancies to assess the viability and scope of the endeavour, according to a number of people familiar with the project, the Financial Times reported. They said it will be the second-largest English-language broadcaster in the Arab world, after Al Jazeera English, although the preparations are still in the early stages.” And this is not all, there is another reason. As western media ‘embraced’ their Share holder, stake holder and advertiser approach to filtering information. They lost credibility and the audience. Most places no longer call it news, they refer to it as information entertainment (Fox anyone?) In addition to this, the west would finally get real information on Aramco (not filtered by Brent), on SAMI (not filtered by the pentagon) and sports. It would even propel interest into things like Camel racing, the Emirates Ice Hockey League and from that we could see the development of a Saudi Ice Hockey league. We know that they are still not a member of the International Ice Hockey Federation, but to see Saudi Arabia grow teams in Jeddah, Dammam and Riyadh, taking on the UAE teams from the Emirates Hockey League (EHL). We could see names like Abu Dhabi Scorpions, Abu Dhabi Storms, Al Ain Theebs, Dubai White Bears, Dubai Mighty Camels propel all over the western TV stations. 

If the west is embracing sports Saudi Arabia has the making to replace a whole collection of news channels that lost too much credibility. And it isn’t merely influence. As I personally see it the KSA lacks perception and awareness in the view of the non Arabian people and this could be a first step to open that door. Beyond that there are several markets where the KSA could set foot into and in this world in this current economic climate that will go a long way, what is important that the first steps are made setting the larger stage towards doing something and that is where it is at. Will it happen? This happening is a logical step after setting claims towards E-sports, Formula 1, Football and Ice hockey. Beyond that is the stage where the people will get first looks on the Line (that long building) and several other innovations coming towards us from Saudi Arabia. 

A bigger shift is underway and the US with their deceptive ‘entertainment’ like Fox and even CNN, they will have nothing to counter it. In the last 5 years they wasted too much credibility opening the door to other players and as I see it the KSA stands to add an audience of close to half a billion in the first 2 years, would you like to see the advertisement money on that pool? 

Enjoy the day before Friday.

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A story for the ages

That is the thought I woke up from (about 34.6 minutes ago). Most of us know the Age of reason, which is often phrased as ‘an intellectual and philosophical movement that dominated the world of ideas in Europe during the 17th to 19th centuries’ Is often linked to ‘The Age of Reason; Being an Investigation of True and Fabulous Theology’ a work by Thomas Paine. In this book he made deism appealing and accessible to the masses and it started something. Yet what followed wasn’t as nice as e think it was. We merely think of the age of industrialisation, but in 1993 I was captured by Kazuo Ishiguro’s Remains of the day, the movie (I never read the book). There Christopher Reeve tells us as Jack Lewis “Europe has become the arena of Realpolitik, the politics of reality. If you like, real politics. What you need is not gentlemen politicians, but real ones” it struck me how much the UK and the world seemingly had relied on Nepotism. As such the field of ‘granting an advantage, privilege, or position to relatives or close friends in an occupation or field’ changed into a new form of nepotism ‘granting an advantage, privilege, or position to a fellow alumni’s in an occupation or field’ it might certainly be better, but there is a danger there too. The people from the Wharton School of the University of Pennsylvania will obviously disagree with me,  but there is a correlation with certain schools and it is all ‘equalised’ with terms like ‘they think like we do’ approach. Yet all this goes further. As the 19th century passed, we saw the age of Politics evolve into the age of Wall Street. I think the clearest point was the Ghouta chemical attack in 2013 when we saw that on, or around June 13th 2013, the United States government publicly announced it had concluded that the Assad government had used limited amounts of chemical weapons on multiple occasions against rebel forces, killing 100 to 150 people. US officials stated that sarin was the agent used. Deputy National Security Advisor Ben Rhodes did not say whether this showed that Syria had crossed the “red line” established by President Obama in August 2012, which was interesting because when I went to primary school we heard that ANY use of chemical agents was a red line. The line was replaced to a new setting, as I personally saw it Syria had no economic value to Wall Street, this happened again when different lines were crossed in Yemen with Houthi terrorists, that nation had no value to Wall Street other than the revenue of war machines and as I personally saw it Wall Street was industrious in indirectly stopping actions. This was however not possible in the Ukraine and now there were two issues. The first is that Ukraine was too close to the EU and the power of the Euro (a currency Wall Street Neds to remain high, or on par with the dollar) as such a new setting evolved. 

The age of politics is over, we see Yemen, now Ukraine and the Sudan and in the latter two the Wagner group is overly active. So what will the next age be called? The age of war, the age of mercenaries? Your guess is as good as mine but there are too many pieces and events that show that the age of politics is over, what follows it is unknown. Perhaps the age of Islam? What we can see is that the Middle East is the only real economic power remaining. Unlike the US, it does not have a $30,000,000,000,000 debt, if anything it is making billions with Aramco, a grocery store valued at $2,000,000,000,000 making it almost on par with Apple. In the age of money talks and bullshit walks, the US has become the silent mute we now all point to, especially as it is driven by media that openly lies about election results. The media is so clear about what is true is not the same as what is truth, but in all this the simple setting is that the age of Wall Street is over,  the USA is no longer a superpower. That age is gone and we are unsure what follows, there is every chance that this new age has China firmly at the helm with Saudi Arabia and OPEC at its side. Where does Russia fall? Well their open lies on all media and the fact that the second largest military force is unable to deal with the 21st largest army (Ukraine) implies that they are soon imploding all over the place and the inhumane and apparently acceptable claims by the Wagner group, I do not think that Russia will be tolerated much longer, not by the old power players or by the ones replacing them. We now hear “Evgeny Prigozhin stated that Russian mercenaries will no longer take Ukrainian defenders captive, instead opting to “kill all on the battlefield,”” a setting which was set in the Geneva Convention relative to the Treatment of Prisoners of War in article 13. If we see the Geneva convention as one of the great achievements in politics we now see that the inaction by all others imply that the age of politics is over, it is dead, and it’s rotting cadaver remains in the street. Another piece of evidence that the age of politics is over, because if that was not the case EVERY newspaper and their websites would be all over this screaming outrage, but that is not the case, most of them are talking about Tucker Carlson. That is how bad it has become.

Try to enjoy Tuesday whilst still alive.

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Is UNemployed a thing?

In the first we need to put a pin in the end of yesterdays mentions. The presentation I saw yesterday l saw literally blew me away. It involved Snowflake and Coalesce. It makes the show for the new Bentley look feeble. What a show and what an approach. Players like Aramco need to taker a look, because the future of data mobility was shown to me and they can check it out in June in the SumIT in June in Las Vegas. They would be able to show people like Brent oil how far they are behind the curve. 

But today it is about something else. It is about the Dominion (not the Star Trek one), they went after Fox and Fox was eager to settle, the spinners of lies and misdirection got their First Amendment handed to them in a few ways, which beckons the thought ‘Should Fox be allowed to  exist as a news organisation?’ But about that more at a later date. 

First up is the Guardian (at https://www.theguardian.com/media/2023/apr/19/the-legal-problems-still-overshadowing-fox-news-after-its-dominion-settlement) who gives us ‘The legal problems still overshadowing Fox News after its Dominion settlement’ there we see “Fox agreed to pay voting equipment company Dominion US$787.5m, ending a dispute over whether the network and its parent company knowingly broadcast false and outlandish allegations that Dominion was involved in a plot to steal the 2020 election” in this I personally believe that they settled because of the roll call to the court. These people would paint themselves in a corner to such an extent that it would cost more then viewers. Several of them would pretty much end their TV careers, not even E! Entertainment would hire them as a joke. Yes, it is a personal view, but I think I am hitting the nail on the head in one. In the second degree the fact that Rupert Murdoch would be in the dock as well. So what will the Wall Street Journal do? What will the Times, or several of its other papers? Spin the story and lose a bulk of readers, or just keep silent? It is anyones guess and the setting is far from over, the settlement which was only $787,500,000.00 is small fries against the claim that Smartmatic launched and it has been given a green light. Their claim comes in at $2,700,000,000 which is decently higher and even if Fox settles that one, it will be a much higher settlement. Smartmatic has no free ride, it must prove malice and even as Fox wants to hide behind ‘reporting’ and relying on the freedom of the press. But with the Dominion settlement the stage of lies has been proven and there the shoe becomes tight. You see, when you report on lies is that freedom of the press? And there is a catch the Smartmatic people must prove the addition ‘knowingly’ and that is a much harder case. There are the bulk of the views which include that Tucker guy who will still enter the dock for testimonies. I wonder how many of them will rely on ‘I don’t recall that’, still if the attorneys taped the events, they might have a decent case (in case Fox accidentally loses all their recordings) in addition there is one reflection from the side of Fox as well. It is Bill O’Reilly, who (at https://www.billoreilly.com/b/Special-Message:-Fox-News-Settlement/883858753726419363.html) gives us “Going forward, Fox News faces a similar lawsuit from the Smartmatic Company and perhaps thousands of lawsuits from Fox shareholders. What a disaster. This is what happens when money becomes more important than honest information. Since I left FNC, the template changed from “Fair and Balanced” to “tell the audience what it wants to hear.” And millions of Trump voters, to this day, want to believe the 2020 election was rigged. That opinion can certainly be presented if you provide a counter opinion – equal time.

However, once the facts begin to overwhelm any point of view, a news agency has an obligation to say that. On BillOReilly.com, I examined all the fraud charges and concluded that no federal court would accept the cheating allegations. Therefore, the election was not going to be refuted by our legal system.” This shows that Bill O’Reilly might not have been everyones taste, but he was a real voice and he might have lost a thousand premium members but he remains a winner until the very last, what a class act and as I see it Fox lost the one Republican beacon it actually had, all for weak minded people catering to the voice of ‘THEIR’ people. The loss will be unmeasurable for Fox in the end. I reckon that is what happens when you become friends with a former president, the man who has no real funds, lots of debt, lots of losses and is proven to be nothing more than a paper tiger at best.

Last there is the BBC (at https://www.bbc.co.uk/news/business-65320001) and with ‘Fox News lawsuit: Can it afford the $787.5m Dominion settlement?’ And with that article they do not offer a lot more, but they do give us “It still has outstanding cases against Fox’s smaller rivals Newsmax and OAN plus several of former President Donald Trump’s associates.” As I see it, these small players have their own legal sharks and they smell blood in the water. Should Fox settle Smartmatic, or lose in the trials these small sharks will come and take huge chunks out of the Fox cadaver. No matter how you slice it, it will leave a gap for any contender of Fox to step forward because for 1-2 years it will have to contemplate how to go forward and how to invest funds going forward and that leaves their number one customer the Republican Party. Any contender could snatch that client away from Fox, which leaves Fox in a bind. Because the Democrats will not do business with them and as the Republican Party goes, so do their advertisers. A future happily bestowed on them by some loser paper tiger and they ‘associates’ of that paper tiger are going after the paper tiger as well, they have too much to lose now. For some TV presenters it will mean the end of their careers no one will hire them after this law setting, they are scared for their own stations and media. Now these people will be set into a new setting. They will allegedly be working for the United Nations as they are soon to be UNemployed?

Enjoy the day

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The song remains the same

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

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

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

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

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

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

 

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