Tag Archives: Athens

God, the sequel

Yup, it all started two days ago. I left you all with some impressions, yet the stage was larger. We cannot set omnipotence without foundation , well we can because I am here, but I am that one exception to the rule (nyuk, nyuk, nyuk). The others (Hades, Poseidon and Zeus) they grew their powers. We tend to make fun and call some settings ‘fabrications’, there we see “Zeus got the sky and air, Poseidon the waters, and Hades the world of the dead (the underworld)” The gods got a decent role in Homer’s illiad, and more wrote about them in all kinds of ways, yet when you dig down and dig to the past several people, people who had never had contact had similar writings. It is trivialised by people who have internet and mobile phones, yet in the old days they had no contact, in no way were groups of people with no levels of contact ever stating the same believes and adhering to the same rules. Perhaps there is something to be said in “he was appalled by human sacrifice and other signs of human decadence. He decided to wipe out mankind and flooded the world with the help of his brother Poseidon. After the flood, only Deucalion and Pyrrha remained” and it is not the only time, even the first time that floods were a larger stage of cleansing. So why? Consider that power grows and power is gotten from somewhere. If Aristaeus got his powers from bees, what happens if people abuse bees? A stage we might not consider, but in a stage where power was important, the abuse of sky (Zeus) and waters (Poseidon) would inflict the wrath of these two. That is the stage we seek!

If we can create a god (ourselves) it needs a power foundation, the smaller the creature, the more simplistic their needs, the easier their power is milked. Hence the 6 animals I gave two days ago. So when we get to “both nectar and ambrosia were kinds of honey, in which case their power of conferring immortality would be due to the supposed healing and cleansing powers of honey, and because fermented honey (mead) preceded wine as an entheogen in the Aegean world; on some Minoan seals, goddesses were represented with bee faces”, with this I personally reckon that the German Wilhelm Heinrich Roscher (1845) was a lot closer to the truth with his view on it and it is important that any game has some handle on the past. Anchors in how power is distributed, how it is gained. If not, then Zeus, Poseidon and Hades could never have defeated Cronos, their father. 

Now consider the paths that Ezio Auditore and Bayek of Siwa undertook (two actual masterpieces), how they grew their powers and abilities. Would it be any different for deities? No matter how the had the ability to do so, they still needed to grow their powers, we all do and now we have a handle on us and on the character we play. Yet if we want something that is larger than life as such some sandbox trip is needed, choices are to be offered. Whether a person has the bee, the wasp or the termite. It starts with a foundation and that foundation grows towards a power base and a weakness, we all tend to look towards Athens for inspiration, but those who do tend to forget to look towards Poseidonia, a ‘village’ on Siros. When we see the elements shown we need to wonder how it was possible and there we have a setting towards the power base of a deity. If Ambrosia is food for the gods, or is it the food that creates gods? One might fuel the other. These thoughts are below the creation of a game, as we set the stage to a larger stage, we need to consider what gives foundation to that stage. A brilliant example is Horizon Zero Dawn, and soon its sequel. We chase in the first game what created the game, we see that there was a machine that creates larger than life events, but there is always a shoe in the cog (Hades). Any stage needs checks and balances or it becomes a fuelled stage of disbelief, even whilst you play it. That was the brilliance that led to Ezio Auditore, a stage we understood (historically speaking). As such, when you figure out that the events in Ancient Greece and ancient Iran (Mesopotamia) are not unrelated, how long until the cogs connect? 

As such we see can see out minds evolve the new god game, but is it a god game or forging a deity? There is a difference and even as the Atari ST, Playstation one, two and three needed us to make mental jumps, the Playstation 5 is now advanced enough to make us see the difference and play accordingly, the specifics are now in our grasp making for a much larger stage of handling evolution. And I reckon that over time cloud gaming will take it to the next level. And in all this Ubisoft was not alone, consider the path that the God of War took, and even he was not alone. It was a path and we forgot about that part in god gaming. We merely have the maker of the games (Peter Molyneux) and his examples Populous and Black and White as examples, but what if growth is a stage that encompasses both? Setting a different sandbox environment might be the way to go and we finally have hardware that can take us there. 

How it done? That is up to the game makers, you can’t expect me to do everything. You need to get creative and make the next stage of excellent gaming, because if we leave it up to Ubisoft it will be anyones guess what excellent gaming looks like and it will end up being below par and we have seen enough games like that. 

So get to work, get to the drawing board and consider the stage we play (entire Greece), what we can do short of everything and start considering what makes power grow. If you are done with that hold it against the deities of Egypt, Aztec and Inca deities and see how you hold up. You see checks and balances is where it is at. That is what makes people choose and it will make them come back for a second and third time. A game played three times over, that is the stage of a legendary game in the making.

Hesiod

As such in this story I left two clues. They were Deucalion and Pyrrha. Why were only those two spared? If you look at the historic writings (Homer, Hesiod, Ovid, Apollodorus) some things add up and some do not. Now, we can allow for creative views and that would be OK, yet Homer (Ionia, 900 BC), Hesiod (Cyme, 725 BC), Ovid (Sulmona, 43 BC) and Apollodorus (Athens, 180 BC). People that can never have been connected in time, also consider that with our options of preservation, we do not have books that last 300 years and that is whilst we have all kinds of machines that allow for mass replication, that did not exist before the 14th century. A whole range of places most of them more than a life time of travelling away, yet the similarities are almost astounding. When you consider those elements, consider what more there I and what is making these sotries survive, now consider what you need to make a game of THAT magnitude survive the onslaught of players and their increased need of perfection, have a great day.

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Genuinely puzzled

Yup it happens, the news at time makes little sense, it makes little sense for several reasons and that is fair, even for me. Consider the BBC headline ‘Saudi Arabia: Authorities defend mosque speaker restriction’,  which in itself outside of any Islamic nation might be treated with a simple ‘Meh!’ This would not be a negative response, merely a response that approaches the sentiment of ‘Whatever!’, so as I read “The country’s Islamic Affairs Ministry announced last week that all loudspeakers should be set at only a third of their maximum volume. Islamic Affairs Minister Abdullatif al-Sheikh said the measure was in response to complaints from the public. But the move in the conservative Muslim nation sparked a backlash on social media”, I initially wondered why the BBC even took time to give notice to the event, for the most, what does it inform us about? Is it to give visibility to Abdullatif al-Sheikh? Perhaps it was to alarm us to “the move in the conservative Muslim nation sparked a backlash on social media”? I actually do not know, but this news also gives us that there was no space for ‘WHO to start COVID-19 vaccination in Houthi-run north Yemen’ with “Houthi authorities in control have played down the impact of the pandemic, largely denying any outbreak there”, or perhaps it is ‘UAE shows last minute unity to host Asian Qualifiers as China baulks at covid outbreaks’ with “The remaining seven matches in Group A – which will qualify teams for both the next round of the AFC’s World Cup 2022 qualifying and directly into the Asian Cup China 2023 – will be now held at the Sharjah Stadium”, neither news is seen at the BBC, so whilst we accept that speaker settings for announcements are important to the people in the KSA, the western population would all like to know the impact of Football decisions (people in the UK are weird that way), oh I reckon that the people in France, Germany, the Netherlands, Belgium, Spain and Italy would react in a similar fashion.

So whilst it is nice to read “the measure was in response to complaints from the public”, I personally would reckon that the rules of Islam have been clear in many Arabic nations, and as these speakers tend to be set, why would there be complaints now? So whilst some might know that the 5 moments are “Fajr (sunrise prayer), Dhuhr (noon prayer), Asr (afternoon prayer), Maghrib (sunset prayer), and Isha (night prayer). Each prayer has a specific window of time in which it must be completed”, the internet also shows us “In a mosque, the muezzin broadcasts the call to prayer at the beginning of each interval. Because the start and end times for prayers are related to the solar diurnal motion, they vary throughout the year and depend on the local latitude and longitude when expressed in local time”, when we see that, some (including me) might wonder why the speaker settings are suddenly cause for concern. The sound of a person calling to prayer the islamic people is part of Islamic heritage, I wonder who the complaining people would be. I would go as far as stating that unless these calls are lately a lot louder, who would complain on speaker settings and the part we read “the move in the conservative Muslim nation sparked a backlash on social media” gives rise to my puzzlement. It is fair that this news would be (and is) seen in Al Jazeera, but I saw no mention in Arab News, so Islamic news made it to the BBC and not to Arab News? What is going on? 

And when we see “Mr Sheikh said that those who want to pray do not need to wait for the Imam’s call to prayer” the wondering does not top and here I found that the news also made it to Radio Athens, they give us on their website with the added “In a country where there are tens of thousands of mosques, the decision was generally welcomed. However, it also provoked reactions on social networking sites, with the appearance of a hashtag calling for a ban on loud music in restaurants and cafes”, I could not rely on the radio as I haven’t spoken proper Greek since 3575BC. And more important the information on Athens Radio is seemingly the same as the BBC, but the paragraph comes across different due to “with the appearance of a hashtag calling for a ban on loud music in restaurants and cafes”, all whilst both sides give us the one side that is seemingly strange “The restrictions come as Crown Prince Mohammed bin Salman continues attempts to make Saudi Arabia more liberal and lessen the role religion plays in public life”, I am not sure how to react, optionally, I see in part a reason to disagree. I get that the Kingdom of Saudi Arabia wants to make liberal moves and as we can see on YouTube, several tourists are showing the world just how pretty and how amazing Saudi Arabia looks. I have seen a few of these video’s and the view we see from the Sky Bridge Kingdom Tower is amazing. It was the first time I saw this and I wonder why other media have never given a clear view of an architectural marvel like that and what it offers. Yet even if I were to go to Riyadh, I personally feel that I would miss out on the call of prayer, not that I am Islamic, but it is part of Islamic life. As a visitor we would not want to see changes that are part of the foundation of a nation. Yet, I admit that this might merely be me. And in all this I am personally more stricken by “those who want to pray do not need to wait for the Imam’s call to prayer” I have no idea what to make of that, but I understand that as I am not Muslim, I might not get that part. Another source gives us “The decision has angered ultra-conservatives in the country”, it is fair that there are those in favour and those opposing any decision, yet the BBC (Radio Athens neither) gives us anything on the ultra-conservatives and who they are. This sparked a revisit to the Washington Post who gave us in 2018 ‘Saudi Arabia’s once-powerful conservatives silenced by reforms and repression’ with the addition of “these conservatives now tiptoe on social media outlets like Twitter. In mosques and at community gatherings, they reluctantly criticise recent changes they stridently oppose, such as the easing of social boundaries between men and women”, with that in sight we see certain patterns emerge and the BBC was not informing us of that, or perhaps they assumed we knew that, which in light of the Martin Bashir caper is massively silly on several levels. In all this the one part some people overlooked. If the speakers are to be set to 33%, what stops them from upgrading the sound equipment in Mosques from 100 Watt to 300 Watt? It is merely a thought. All parts the BBC is overlooking and I know for a fact that they have faced the ‘hardware upgrade’ in the past. So the lack of information in their article is calling for a few questions. In the end, the only useful information I got from the article was the existence of Islamic Affairs Minister Abdullatif al-Sheikh. From my personal point of view the BBC article was a blunder, one that the BBC should not have made. 

As such my genuinely puzzled setting is quite complete.

A new starts and breakfast is approximately 3 hours and 32 minutes away. Have a great Wednesday!

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That’s the way the money flows

The Independent had an interesting article 2 hours ago. The article (at https://www.independent.co.uk/news/world/americas/china-drones-spy-us-dhs-security-data-alert-a8922706.html). The title leaves little to the imagination with: ‘Chinese drones may be stealing sensitive information, DHS warns‘, after the Trump google play, after his refusal to submit to subpoena’s, after the anti Huawei activities that so far has never yielded any active evidence (the 8 year old case was settled within months are done with). Now we see: “Chinese-made drones in America may be sending sensitive data to their manufacturers back home where it can be accessed by the government, the United States Department of Homeland Security (DHS) has warned“, which might be a nightmare if it was not so hilarious. You see the next quote: “CNN, which obtained the internal alert, reported that the DHS fears drones will offer Chinese intelligence unfettered access to American data“, it comes across like we have a case where a CNN reporter has been hit by a silly stick and never recovered. Consider the drones we see, there is no space to have a dedicated hack system on board. Yes some can be done with a mobile, and there is plenty of space in that device, now consider the ‘sensitive’ data that needs to be found, the data needs to be connected to (and with all these faulty Cisco routers that is relatively easy at present), then a selection needs to be downloaded and that is merely for one place, one device. All this stops when any person uses common cyber sense. It is the revelation that we see next, that is the one that matters. With: “Though the alert didn’t name specific companies, the vast majority of drones used in the US and Canada are made by the Shenzen based Company, DJI, CNN reported” we see the part that matters. As drone services are up on an almost exponential growth as we see the push that got there. The news from November 2016 gave us: “Domino’s Pizza Enterprises Limited (Domino’s) and drone delivery partner Flirtey delivered the first order, a Peri-Peri Chicken Pizza, and a Chicken and Cranberry Pizza“. Consider the option to avoid traffic in New York, Los Angeles, San Francisco, Boston, Chicago, Seattle, Pittsburgh, all places with massive congestion. Drones are the optionally the newest quick way to deliver food, Amazon needs, Walmart needs, all in growing need due to the events where retailers and shippers combine forces to avoid a few items, and with congestion set to zero, people will flock to that consideration. Now the operational part, it seems that DJI is ahead of the curve, another Chinese company decided to truly innovate and now that the push is there and America is bankrupt (as I personally see it) anything possible to avoid money going to China, America is taking a pot shot at that. So when we are also treated to: “A spokesman for DJI denied that any information was being transmitted to it from its drones, adding that the security of its technology has been independently verified by the US government.” I start wondering if DHS was able to do its job properly. Now let’s be clear, there is no doubt that ANY drone can be used for espionage, especially if it is quiet enough. Yet is that the issue for DJI, or is that an issue with the spy that utilises drone technology? Yet that is actually not the only side, on the other side we see mentioned: “Those concerns apply with equal force to certain Chinese-made (unmanned aircraft systems)-connected devices capable of collecting and transferring potentially revealing data about their operations and the individuals and entities operating them, as China imposes unusually stringent obligations on its citizens to support national intelligence activities,” Now, this part does make sense. It is the same as the Apple Fitbit, that due to its global nature started to hand out the jogging patterns of Special forces in the Middle East, so within 3 days several members of the two dozen operatives had a check on their calorie burning and health, whilst the mapping data showed the world where the CIA black site was (oh apologies, I meant to say a military specialist endeavouring location of an undetermined nature). The question becomes how was the ‘the security of its technology has been independently verified by the US government‘ achieved? Was that verification process competent, or perhaps slightly less so?

I am not stating my verdict in either direction; yet the entire Huawei mess, as well as the DJI setting implies that the growth industries are shunned from America, mainly because it is not an American industry. Yet in all this, the forget that places like the EU and India are large enough to go forward with both players and truly grow further, whilst the downturn and the economic lag that the US is creating will merely grow the loss of momentum and the recession it will fuel in other ways. I would consider that the setback that Google is trying to create will have larger repercussions down the road. As larger Data vendors will now optionally choose the Chinese side, they will grow market share. You see no matter how it is sliced, all this is data based and data can only grow if there is usage. So when people remain with Huawei as their phone keeps on working, we see that there is a larger concern soon enough. At some point people will stop trusting Samsung, Google and Apple phones, which works out nicely for several players (Microsoft actually more than most), what do you think happens when the larger share of 14.7% of a global market changes to player three and not use Google apps to some degree? Google momentum relies on non-stop data and usage, when a third of the 60% that these three cover stops, do you think that this has no impact for Google?

The same applies to drones. You see intelligence makes the drone and as it grows its market share and the collected data of drone usage is set, the innovation of DJI grows faster. It is the difference between generation now and generation 2022, DJI will grow and can grow in several directions, yet the entire the setting of ‘data theft’ we see that there is a lack of ‘what’ data. What data is collected, the flight path? Well, I think we all need to know in 2023 what flight path was taken for the delivery of 342,450 pizza’s delivered per hour, is it not? It is not that Google Map has that data, and within a building in New York, is there truly a clear sign in the drone itself who exactly the merchandise was for, or was that on the box (instead of the drone). Now, there is no denying that some of that data would optionally be accessible to the Chinese government? Yet what data, what level of data? Do you think that they have time for the hundreds of drones and the data whilst they can monitor 20,000 times that data with a spy satellite (and an additional truckload of data that the drone never had in the first place?

It is when I see ‘unfettered access to American data‘ where the questions become pressing. It is like watching Colin Powell coming into a non-disclosed location with his silver briefcase and in the end the lack of WMD’s, are we going in that direction again? when I see ‘unfettered access to American data‘, it is at that moment I see the optional comparison (an extreme lose comparison mind you) with the innocent preachers daughter who did the naughty thing to 30% of the boys coming to Sunday sermon, having attempted things I cannot even rent on adult video. It is the CNN article (at https://edition.cnn.com/2019/05/20/politics/dhs-chinese-drone-warning/index.html) that gives additional rise to concerns. When you see: “Users are warned to “be cautious when purchasing” drones from China, and to take precautionary steps like turning off the device’s internet connection and removing secure digital cards. The alert also warns users to “understand how to properly operate and limit your device’s access to networks” to avoid “theft of information.”” It seems to me that there are dozens of ways to get this data, a drone seems like an expensive long way round-trip to get to that data, whilst more can be accessed in several other ways and it is the speculation through ‘device’s internet connection‘, so when we see one of these devices (at https://www.dji.com/au/phantom-4-pro-v2/info#specs), we are treated to: “The new Phantom 4 Pro V2.0 features an OcuSync HD transmission system, which supports automatic dual-frequency band switching and connects to DJI Goggles wirelessly“, where did the internet come in? Yes there is an app, to get a live view from the drone, so what ‘unfettered access to American data‘ could there be that Google Maps at present does not have in more detail?

It is the next part that is the actual ace. When we see: “DJI, which reported $2.7 billion in revenue in 2017, is best known for its popular Phantom drone. Introduced in 2013, the drone is the top-selling commercial drone on the market“, information the Independent did not give us, that is the actual stage as I personally see it. It was $2.7 billion in 2017, there is no doubt that when drone delivery truly takes off, at that point revenue that sits between $15 and $27 billion is not unrealistic, the dire need to avoid congestion on a global scale will drive it and that is before you realise the non-US benefits in London, Amsterdam, Paris, Berlin, Munich, Madrid, Barcelona, Rome, Athens, Moscow. At that point you will see stronger growth and I haven’t even looked at the opportunities in a place like Mumbai, Tokyo, Delhi, Bangkok, Rio, Buenos Aires and Sydney yet. Everything leaves me with the impression that this is not about security, it is about money. That fact can be proven when you realise that everyone remains silent on the 29 new vulnerabilities that Cisco reported merely a month ago. How many Cisco router stories have come from that non-technologically refined White House, where they are currently optionally limited by “Cisco routers, including ones that can be found in malls, large companies or government institutions, are flawed in a way that allows hackers to steal all of the data flowing through them“, the cybersecurity company Red Baron handed out that issue to the media last week, so who picked up on that danger to ‘unfettered access to American data‘? And when you consider ‘it allows potential malicious actors to bypass the router’s security feature, Trust Anchor. This feature has been standard in Cisco’s routers since 2013‘, when we realise that Cisco is a household name on a global scale (especially when connected to the internet), the entire Cisco matter seems to be at least 15,000 times worse than any DJI drone ever could be, and the fact that DHS remains silent on that gives (again, as I personally see it) is added proof that this is merely about the money and the fact that US companies are losing markets on a global scale.

I could set the stage by singing ‘All ‘Bout the money‘ by Meja and ‘That’s the way the money goes‘ by M, but then, I realise that people would most likely pay me serious money not to sing (my voice is actually that bad).

That’s the way the money flows, specifically at present in a direction that the US is for the foreseeable future most displeased about.

 

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SW2, not WW2

Is there a Syrian War 2 brewing? That was the initial thought I had when I got exposed to the ridiculous claims from Turkey this morning. There are two parts. the first comes from the Guardian (at https://www.theguardian.com/world/2018/feb/19/turkey-warns-assad-not-intervene-kurdish-enclave-afrin), the quote is “Turkey warned the Syrian government of Bashar al-Assad that it risked a military confrontation with Ankara if it intervened in an ongoing war in the Kurdish enclave of Afrin, in a further escalation of tensions that hint at the possible widening of an already complex conflict“, now, just to make sure you get this. Turkey invaded Syria for the alleged reason of coming to aid towards Assad, or perhaps merely to ‘fight ISIS‘ in a presentation attempt to silently start the second genocide, the genocide of the Kurdish people. So Turkey goes invades Syria and now states: “Turkey warned the Syrian government of Bashar al-Assad that it risked a military confrontation with Ankara if it intervened“, so how is optionally opposing an invader ‘intervening‘?

The second part comes from the BBC (at http://www.bbc.com/news/world-middle-east-43107013), where we see basically the same with ‘Afrin offensive: Turkey warns Syria against helping Kurds‘. So when we read “Deputy Prime Minister Bekir Bozdag said Turkey’s operations were going ahead as planned and it would be a “disaster” if Syrian troops were to intervene“, should we deduce that a failed introduction to genocide is a ‘disaster‘?

Even as we see the similarities, we see that the issue is larger than merely a scuffle between the Turks and the Kurds, the way we see the quotes and the way that they are reported give rise to the fact that there are other issues below the waterline. It is not merely semantics, it is the interaction that Turkey has been having with several nations gives that rise and the optional viewing of that should make plenty of people worried at the very least and decently nervous in the nominal setting of international relationships.

The BBC article ends with “President Recep Tayyip Erdogan told Russia’s Vladimir Putin that Damascus would face “consequences” if it struck a deal with the Kurds, CNN Turk reported on Monday“. So, Erdogan, President of Turkey, a person with not much diplomatic skills or powers outside of Turkey for that matter, is telling Putin….? Oh, sorry, I nearly lost my breakfast laughing myself into several layers of bellyaches. It is almost as impactful and powerful as me calling Alexander Bortnikov, telling him to give me access to all his data, or he is going to hear ‘stuff he will not like‘ (most likely me calling him a pussy). Yes, people like the President of the Russian Federation, or the director of the Federal Security Service of the Russian Federation (Федеральная служба безопасности Российской Федерации (ФСБ)) getting told by the likes of President Erdogan (or me for that matter) is something they should take extremely serious (sorry, second laughing attack, I will be back shortly). So, after I had my second laughing attack that lasted close to 611 seconds, I got back into my seat and decided to take another gander at a few parts. You see, the nice part of such short sighted actions is that it alienates the players Turkey actually desperately needs. Which in turn is making Iran more and more nervous, which is good news for several countries in the Middle East. The interesting part in all this that he BBC reported “During the course of the Syrian war, pro-government forces have largely avoided direct conflict with the YPG, but they have had sporadic clashes“, which now gives the optional food for thought that Syria might actually set some resources that way with the optional thought that they will not be targeting the YPG, because if we agree that direct conflict was never a real necessity, the Turkish forces changing that by sticking their short stick in a hornets nest, that part would be the greater threat to Syria, which now gets them into hot water is a few places and on several ways. In addition, it will also change the conversation that is going to happen in Kazakhstan in two weeks, giving more questions if there is still going to be a summit in Istanbul on Syria. The changing pressures are by no means a way to get things talked about and smoothed over. Even as Reuters gives us: “The three countries are working together to try to push the troubled Syrian peace process forward“, we need to also consider the mandate that Tehran gave to Foreign Minister Mohammad Javad Zarif as the outbursts from President Recep Tayyip Erdoğan is pushing its own agenda whilst at the same time causing chaos towards the plans that Iran seemed to be having in all this, his self-serving hatred of Kurdistan is making the creation of coalitions next to impossible. With the Netherlands adding fuel to the fire of Turkish non-diplomacy, as they have now voted to recognise the Armenian genocide of 1915, pressures are growing there too, at a time when Turkey needed every European nation to be on his side regarding the non-realistic approach to becoming an EU nation, we see that the gap is increasing beyond the chance of that ever becoming a reality. The Turkish parties kicking every hornets nest in the Middle East is not very useful. On the other hand, Turkey could decide after Kicking both the US and Russia, to see if this level of craziness is useful in Beijing, which it is unlikely to be unless they open up all kinds of open trade paths which might actually be a lot less interesting to Turkey, especially at a time when Turkey is trying to get increased Cherry exports to China in time for the next harvest, the need to grow their export which according to some is in excess of 80,000 tons, they are now in a stage where they can no longer afford to get on anyone else’s wrong side, which must be a novel experience for the Turkish Diplomatic Corps.

All this whilst the issues in Greece and Cyprus are at present still unresolved, with the Ekathimerini making a connection between the report published on March 28, 1897 in Empros newspaper where we get: “referred to a foreign diplomat who described Greeks’ behaviour in relation to Turkey as that of a dog that barks, but does not bite. We all know what followed, but we still tend to forget how bad it is in international affairs when you bark, but no one really feels any threat“, and the escalations on gas resources at present, that whilst there is a certain logic to make the statement, especially when we consider Europe, NATO and the UN is seen in relation to: “where tensions broke out between Greece and Turkey, these organizations never really offered anything more than carefully worded statements“, that is the situation when we rely on the paper tiger to get things done. So when we read: “Athens must be very careful in weighing its next moves. It’s a balance of terror. If it shows compliancy, one can’t be certain where the other side will stop“, whilst we all know perfectly well that Ankara will not stop until forcefully halted. As the article ends with the absence of emotion in the Turkish-Greek debates, the issue is that the theatre is getting prepared to get very emotional from more than one side. Turkey almost has no options left after kicking all the wrong shins. In my view, when Syria escalates and escalates in one wrong direction we will get a flood of orchestrated news (whilst journalists have been sentenced to life in prison) and from there onwards it becomes a long winded marketing campaign, because Turkey seems to be realising that the US, the UN and Europe are all about statements and statements alone. Which is a dangerous game as it could press towards a second Syrian war where the Syrian Kurdish area could get annexed into Turkey and its population would optionally somehow mysteriously vanish.

So, how should we see the optional threat of a second Syrian war? that is hard to see, with too many high level meetings, with the latest addition being one with the Russian President Vladimir Putin, Turkish President Recep Tayyip Erdoğan and Iranian President Hassan Rouhani to meet in April in Turkey, there is no telling what it will actually be about. Even as we have seen from enough sources that it will be about Syria, there is in my personal view absolutely no way that it will just be about Syria, especially as the meetings are going to be behind closed doors. That view is made stronger when we consider the news merely a few days ago when Kirill Dmitriev, the chief executive of the Russian Direct Investment Fund (RDIF), told CNBC “We’re at the breaking point in positive territory of this relationship … We really embarked on an amazing positive journey“, that in light of Iranian issues and the fact that President Putin’s face is on the homepage of the RFID gives enough indication that nothing happens there without the explicit approval from more than one key member of the Kremlin and there lies the complication, The meeting around Syria is set in a stage where all three have separate agenda’s. Turkey has the Kurdistan region, Russia has a truckload of billions it can win with Saudi Arabia and Iran is extremely opposing anything pro-Saudi Arabia, as well as having a few additional issues regarding Yemen, who would really like Russia to become a mediator here, so the Syrian talks will come with close to half a dozen unscheduled stress points. So, when we see these issues in the lights that can be confirmed, will Syria see more or less stability?

Less stability is not a given, but the premise of it happening is actually more realistic than I would have foreseen less than a year ago.

 

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Where we fail again

There is an issue, the issue is in Greece. This issue is not because of the Greeks, it is not because of anything they did. They are just unfortunate to be the second nation on the route of refugees. Here we see failings on multiple levels, none of them are Greek! You see, this is all due to a youngling named Sebastian Kurz (the Austrian Foreign minister). Extremely bluntly stated, as I see it, this man looks like a teenage boy hoping to get his first gob job! From the Deutche Welle (at http://www.dw.com/en/austria-not-waiting-for-a-european-solution/a-19071556), we get “if Greece refused to protect the EU’s external borders and continued to let refugees travel to Europe, and the EU still had no common solution for the problem, Austria had no choice but to deal with the situation on a national level“. In this regard, my still fuming mind goes: “Well Sebastian, once you stop thinking like a teenager and actually start focussing on the elements, you would see that is Turkey and not Greece that has been the problem. That nation, that had no issue shooting down a Jet after an alleged transgression over Turkish airspace for a mere 10 seconds, that nation seems to give clear passage to refugees any way they can, they even get their hands on boats so that they can make it across to Greece, at which point Greece can either let these people drown or let them ashore.” Did you consider that even once?

Where was Austria and a group of other nations to support Greece in dealing with these refugees? Did you consider that Bassie boy? No, as I can see it, you did not. You just held a one day conference with all the trimmings, so that you could show Albania, Bosnia-Herzegovina, Bulgaria, Kosovo, Macedonia, Montenegro, Serbia and Slovenia how important you pretend to be, so is that important or impohtent? Greece has a lot to deal with. One article (all from the Guardian) states ‘Up to 70,000 migrants ‘may soon be stranded in Greece’‘, which will trigger the Greek Army, but they are equally impaired to the task. The second one gives us ‘Double crisis deepens despair in Greece’s ‘warehouse of souls’‘ and the third one gives ‘We can’t allow refugee crisis to plunge Greece into chaos, says Merkel‘. All true, all factual and all incomplete!

Only now do we see in the SF Gate (at http://www.sfgate.com/world/article/Turkey-pledges-to-slow-enormous-tide-of-refugees-6859342.php) ‘Turkey pledges to slow enormous tide of refugees‘, where we see “Turkey all but turned a blind eye last year as more than 850,000 people, most of them Syrians, slipped into Greece from Turkey on smugglers’ boats. Now it’s promised the European Union that will change“, can anyone explain why we tolerate the political joke Turkey has become? The nation that had no issues with a Russian Jet is unable to stop Turkish smugglers. Perhaps the Turkish navy is still relying on equipment from WW1? I am just asking!

Yet, Sebastian Kurz has made no allowance for this at all. He is perhaps hoping on an anti-Greek sympathy vote? From all we see, is the fact that not Greek, but Turkey seems to be a massive problem in all this and now the smugglers got their gains, everyone points at Greece. It is unfair, incorrect and lacking justice on many levels. And in this age of humanitarian need, why do we read “In return for trying to stem the flux, Turkey is to receive a $3.3 billion fund to help it deal with the refugee crisis, a much-awaited easing of EU visa restrictions for Turkish citizens and sped-up EU membership talks“, so apart from not doing their jobs, we see that too many events fall on someone else’s job list at the premise that Turkey is getting something out of this for themselves. How is that anything else then a continuation of selfish needs against the backdrop of the EEC? First we could not deal with Greece (the part that was their responsibility), in all this we have the unacceptable acts by Turkey and now we add to that the immature acts by the Austrian Foreign Affairs Minister hiding it away as a mere conference. Now on the other side, there is no doubt that the pressure is on Austria, but blaming Greece for something that has been out of their control is, as I see it is a total sham.

Greece needs to do more, yet that is not possible and equally unacceptable with massive funds from the EEC and IMF. Turkey might have been strategically a better solution, but it has shown from 2001 onwards that it could not be trusted, and an ally that will only stand by others for a price is not an ally, it is a courtesan at best and a mere mercenary at the worst. There is another benefit, with this change, with these registration systems, it could lead to economic options for Greece. These registrations need to happen, which means jobs for the Greek people and data for the other EEC nations. An idea that came to me months ago, it seems such a simple solution that solves a few issues, yet politicians seem to be immune to solutions, they much rather have one day conferences and leave an ally out of it all, whilst ignoring the acts that could have helped the EEC as a whole. Minister of National Defence Panos Kammenos would have a central role in this. Together with Germany they could instigate a new identity card that holds biometric data, a card that could start the changing path of refugees into a slow path to a future, wherever it could be in Europe. The more confirmed identities there are, the better the options become and the pressure over other nations would start to diminish as solutions are created, one step at a time. A mere solution I saw last year, all we now see in the papers is how close to nothing has been achieved. This all escalated a mere moment ago when we got ‘Teargas fired as refugees try to breach Greek-Macedonian border‘ (at http://www.theguardian.com/world/2016/feb/29/teargas-fired-as-refugees-try-to-breach-greece-macedonia-border), the danger is that a mass of people pushed into a corner will do what it needs to survive, and this is close to getting out of hand. In all this Greece now needs to step up to the plate, which they might be willing to do, but if the EEC does not do anything in massive support, the actions will not be realistic. A situation that now develops was clear that it would become unmanageable almost a year ago. How interesting that those relying on ego and presentation will remain in denial until the first casualty comes, right Mr Kurz?

In all this, I do acknowledge that Austria has a problem, it has had one for a while, but the simple story is that those refugees never saw Greece as a Destination, they are aiming for Germany, France and the United Kingdom. That too has been known for a very long time. Which gets me to one part that does fall onto Greece, that is seen in the quote: “Volunteers described scenes of mayhem at passenger terminals in Piraeus and the arrival hall of the former Ellinikon airport in Athens, where up to 4,000 have been housed. “We should have resorted to using the armed forces long ago,” said one. “[But] being [a] left wing [administration], there was hesitation. There were humanitarian values we wanted to uphold.”“. You see, I agree, the army should have been deployed, yet everyone forgets that an army can be deployed for humanitarian purposes. You (in an oversimplified way) replace his rifle for a clipboard and you give him a pink or light green armband (or a white one with a red cross and a red crescent), so that the refugees can see the difference. So that they see that help is no longer a dream but an option.

I apologise for oversimplifying the matter for Austria and its small one day conference, where it remains debatable if anything useful evolved from that expensive event.

 

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Looking for an Exit sign

You are on board the EEC. There are four emergency exits, Brexit on the left, Frexit on the right, each marked with a red EXIT sign overhead. All doors except the overwing doors at 3 left and 3 right are equipped with emergency funds. These funds will keep you debt dependant for decades. Yes, it sounds like the speech a flight attendant might give you as you travel from the gates of the fake economic upbeat information towards the airport of Conturbare Gentem.

There is the impulse to state ‘the real issue is’, but that is not the case here. As we see ‘Brexit ‘will be the first step of the definitive decline of the EU,’ says former Prime Minister of Italy’ (at http://www.independent.co.uk/news/world/europe/brexit-will-be-the-first-step-of-the-definitive-decline-of-the-eu-says-former-prime-minister-of-a6861326.html). You see, I have been trying to warn my readers for well over 2 years on this danger. In a few cases it was laughed off loudly, but those ‘economic wannabe’ agents are not laughing now. When I was feeling a little evil. I asked them (as they honed me in public), to explain last week’s events, how it will lead to new prosperity. They basically told me to ‘f*ck off’. They are no longer laughing. I proclaimed these events, whilst also clearly stating that I am not an economist (a fact I did not deny). This situation was for the most a simple exercise of math, basic high school math actually, interesting how an economist missed that part.

The subtitle here is also interesting ‘Enrico Letta warns London ‘would lose a lot of influence’ on world stage‘, actually, it will not. As the UK turns their economy into a stronger engine, as we see this impact, we see that both Germany and the UK will get ahead faster and faster. Italy because of their election timing could end up with the worst deal (which sucks for Italians). You see, all that rattling we hear is empty and hollow. The financial markets might threaten to leave, but they will not, should they do so, than they end up in an even worse situation. Yes, they have options, but when the system crashes, their only option for now is Germany. If they select Paris, their issues will fossilise into a brittle solution, one that impacts their markets for decades.

In Germany they will be too isolated. In all honesty, their only decent alternative is Amsterdam, yet that comes with other perils. The Dutch DNB has stronger rules in place, so in that regard Paris seems a better choice, but overall that move isolates them from a few places down the road. London will remain the better option. And it is not even close to any decision. When we see the AFP article (at https://au.news.yahoo.com/world/a/30812452/cameron-confident-of-reaching-eu-deal-to-avoid-brexit/), we also see second rate top people go all out with quotes like “pragmatism and courage… and their ability to compromise” or “my wish is that the United Kingdom is and remains an active member of a successful European Union“, which are unique examples of misdirected communication. The “a deal could be reached allowing Britain to remain in the European Union and avoid a so-called Brexit” sounds so nice, but in the end, there is still a referendum and because too many European players were sitting on their thumbs creating ‘ease and inaction’, maximising their gravy train. The people have caught on and they are not playing nice anymore. Just 9 days ago in my article ‘Intimidating the Euro‘ (at https://lawlordtobe.com/2016/02/04/intimidating-the-euro/), I mentioned the BBC article (at http://www.bbc.com/news/business-35122710), which was claiming that “Now the experts are predicting once again that the economy will return to growth in 2016, unless something else gets in the way“, so how ‘lame’ are these experts? Only a weak later we see in the Guardian (at http://www.theguardian.com/business/2016/feb/12/eurozone-recovery-falters-greece-recession), giving us “Greece fell back into recession“, oh really Captain Urban Funding? So cheap oil and the ECB stimulus was kind of pointless, was it not? So when we get these aggregated levels of bad news, explain to me how a united economic Europe is anything other than a really bad idea? One the UK should seriously consider getting out of and that will drive the immediate departure of France and Germany. The scenario I predicted all along. And for 2 years experts, the media and political players remained in denial.

Now we see added ‘news’ on how Brexit works for Putin, which clearly reads like an American, ‘communist fear’ as pressure for keeping the UK right where it is now. That does make sense, because the collapse would have an impact on US economy. The Dow Jones Index would be hit a lot harder than it was in 2004 or 2008. In my view, the EEC has no future because it will not correctly deal with the legislation to prevent the non-accountable acts of some, which was the direct reason of this mess in the first place. Greece was never held to account the way it should have. The news on ‘new’ Grexit fears as we see that there is no solution where we see that the Greek government and European creditors have come up with a credible plan to make the country’s debt sustainable. Yet the established situation that Greece cannot be evicted gives rise to additional worries, which fuels both Brexit and Frexit. The Financial Times (at http://blogs.ft.com/brusselsblog/2016/02/08/brussels-briefing-back-to-turkey/), gives more on Frexit. Yes, all parties agree that this will only happen after a referendum, yet what is not given directly is that this would be the first act by Marine Le Pen if she gets elected. Both the Hollande and Sarkozy fronts are scared there, because Marine might only get elected with a clear majority, when that happens, neither party will have any options to stop Frexit from becoming a reality. Which gets us back to that ‘Greek news’. I believe that the parties have all come to an arrangement with the fears that Brexit brought. Because the EEC exit cannot be made enforced under current EEC legislation (discussed in previous blog articles), the article, in my personal view implies that Greece will volunteer to opt out of the Euro on the concession of debt relief, with total debt forgiveness being a possibility (my speculation). What will remain unspoken is that those parties who would, if successful to keep the EEC alive, will only do so when the price is right. That implies taxation not relief on several fronts (for non-Greece nations), realistically it will be a tax that will last generations. Did the people of Europe sign up for that? A Europe that is even less accountable to a chosen few (who forgave debt)? That path basically spells out that these ‘providers’ will get their money’s worth in the form of grants and non-taxability, but at the expense of all the other European citizens. So how is Brexit anything else but a really good idea? In addition, the Financial Times reports, or better Christian Oliver alerts us to the fact that Greece took a fall for Schengen (at http://blogs.ft.com/brusselsblog/2016/02/12/greece-takes-a-fall-for-schengen/). The quote “Athens has received a list of 50 measures that it should undertake to improve its handling of the tide of refugees“, which sounds great, but it is extremely short sighted. The quote “The EU insists that Greece needs to take the 50 steps, citing “serious deficiencies” in the management of the country’s external borders” is even more hilarious. You see, that risk has forever been there, there used to be some level of control, but now we have a bankrupt nation, its requirement to cut staff by almost 66% and the need to build a collapsed infrastructure. There are mere matters of fact. Greece has thousands of miles of borders that are a nightmare to watch. With the inability to get the Syrian matters under control people are running like crazy, they either run through Turkey or the swim from island to island (either way they have a 50% chance to make it). So, how are these requirements anything but a joke, anything but a hollow requirement from the Greek government? The mere logic (and any cheap world map) shows us that those refugees had to get around Cyprus and get either via Turkey, or take the waterway directly, which is well over an 800 Km trip, taking them past Turkey most of the way. So when we consider speeds, on smaller loaded ships, it would be a 3-5 day trip past the Turkish navy, so why is the Schengen council not having this discussion with associate EEC member Turkey? You see, we can blame Greece for many things (actually, just their politicians), but the refugee wave is something Greece got overwhelmed with, even with a functioning economy it would have overwhelmed Greece. More important, how are the refugees getting to the Greek islands? This can only be done with Turkey either ignoring refugee transgressions on their territory (which is weird as they shot down a Russian jet after it allegedly invaded their airspace for 14 seconds), yet refugees that have travel past Turkish waters for days are casually ignored.

It seems to me that we are watching a new game, one that is burdening Greece on many sides, only to allow Greece to cast themselves out of the EEC/Euro for a price. A price the other taxpayers must pay for and they still hope that Brexit will be averted? Good luck with that notion!

So as the Brits and the French are looking at the exit signs to get off the plane, they are still confronted that the pilot of that plane has been massively irresponsible. Its maintenance crew has maintained the plane on the foundation of their ego and as such certain best practices, practices that a real engineer would have taken were ignored. This has led to today’s predicaments. The Brits are of mind that even in flight, getting off is more likely to lead to a survivable situation that silently staying on the plane will. When the Brits get off, the planes integrity will be permanently compromised, which leads to the events I predicted.

So now the media is giving us more and more articles on the crew giving us horror stories on what happens when someone opens that door. Yet, some of them are exaggerated. In the end the opening of the door could just force the plane down to the nearest airport where the passengers who no longer trusts the pilot could disembark. We do not deny the risks, but the current pilot is taking the plane to places the fuel reserves cannot reach.

Yet in addition to what I already claimed, the British City A.M. (at http://www.cityam.com/234438/ignore-eu-scaremongers-why-britain-would-thrive-post-brexit) gives us ‘Ignore EU scaremongers: Why Britain would thrive post-Brexit‘, which is partially the view I have. Ruth Lea, economic adviser to the Arbuthnot Banking Group gives us “a timely reminder that we are a crucial market for EU exporters – £89bn of the total £125bn goods deficit for 2015 was with the EU, £31.6bn with Germany alone. For every £3-worth of exports to the EU, Britain imported £5-worth from the EU. It is quite simply inconceivable that any German car exporter or French wine exporter would wish to see any impediments to their trade with Britain“, which I see to be a partial truth. You see, that is what it is and in the future it is what it was, but for a time, we will see European resentment and anger. Several European nations will take part of the £3-worth of exports and they will find another place in Europe to get between £1 and £2 of that export and find another source. That element is equally ignored. It will be up to that current UK government to make quick and lasting agreements that would diminish the losses, but it will again be in the hands of the UK, not squandered by EEC inaction. Should you think that my view is exaggerated, then consider recent news! How the economy grew 0.3% yet billions were pushed into it for the ‘reasoning’ of stimulus. Now consider that stimulus refers to attempts to use monetary or fiscal policy to stimulate the economy. Stimulus can also refer to monetary policies like lowering interest rates and quantitative easing. So, how was the economy stimulated? If we consider the Wall Street Journal (at http://www.wsj.com/articles/ecb-announces-stimulus-plan-1421931011), we see ‘European Central Bank to Purchase €60 Billion Each Month Starting in March‘ that amounts to over 400 billion for 2015 (6 months, Mar-Sep). The quote “the ECB will buy a total of €60 billion a month in assets including government bonds, debt securities issued by European institutions and private-sector bonds“, so how did this benefit the UK or people in general? Now to get back to stimulus, where we saw the inclusion of quantitative easing. Let’s take a look there too: “A central bank implements quantitative easing by buying financial assets from commercial banks and other financial institutions, thus raising the prices of those financial assets and lowering their yield, while simultaneously increasing the money supply“. with ‘references’ in play, in my view, the Stimulus by ECB President Mario Draghi is nothing more than a catch and refund net for bad investments, buying back a paper tiger that was not worth the paper it was printed on, allowing governments to spend again. How does that benefit the people?

These elements are all in play, because as people realise that this economy is so that the large corporations go on not being tax accountable, governments spend money on so many things that benefit everyone except the people in general. Consider how many actual problems 400 billion could solve, not some joke called ‘the EEC economy’ but broken things we could actually fix!

 

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Ruled by cowards

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

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

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

What a tangled web we weave!

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

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

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

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

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

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

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

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

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

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

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

 

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