Tag Archives: Australian Financial Review

April 11, 2023 · 13:01

It’s a point of view

This happens all the time, we all have a point of view and others have their point of view and they do not completely align. There is no right versus wrong issue, or there could be, but there is every chance that some views are based on three points. Consider a rectangle or a square, they both have points A,B,C and D, but we only see three of them, and with three you can tell whether it is a square or a rectangle, you merely miss one point and base your view on the other three points. It does not matter which point is missing, you get a decent view, but someone who sees A,B and D will draw slightly different conclusions than someone who has B,C and D. Neither is wrong, but they do not complete align because the events that surround these 4 points are different. This is how I see it and as such I took great interest in the Australian Financial Review (at https://www.afr.com/companies/energy/opec-s-gamble-can-the-global-economy-cope-with-higher-oil-prices-20230410-p5cz7f) where we see ‘OPEC’s gamble: can the global economy cope with higher oil prices?’, so whatever you see next, whatever difference I have, I am not dismissing THEIR view. I like their view, I might not completely agree, but they will have another point plotted towards their view. 

And we start with “the risks for the Saudis and the global economy are high if they push it too far. “We have high inflation, economies potentially going into recession, and this is a situation where you need lower oil prices for a short period of time for the economy to recover,” says Adi Imsirovic at the Oxford Institute for Energy Studies (OIES), who once ran oil trading at Russia’s Gazprom.” It is not the first part of the story but it matters. You see, the UK, EU and US are in the metropolitan areas a mobile workforce. Adi Imsirovic can cry for chap oil all he likes, but the setting of ‘lower oil prices’ all you like, but people have been playing that tune for too long and NO ONE is looking at Brent oil on this. You all became a import commodity economy and that comes at a price, especially when you piss off the exporters. In the UK take a look at the laughable CAAT, they were all crying and not to mention Just stop oil group. Now you see the impact of higher oil prices and the players did this to themselves. You cannot push around an ally (Saudi Arabia) and then demand cheap oil, a commodity supplier who can close their own supply valve. 

This also impacts “Abdulaziz also managed to confound those speculators who had bet on falling oil prices after the recent banking crisis sparked new fears about the global economy.” In a stage I warned for for well over two years, the term “confound those speculators who had bet on falling oil prices” is a joke (and a bd one at that). You see, this danger was out there for some time and betting? That is what you do in Las Vegas where the odds are wild and when the US and EU (UK too) decided to make the odds wilder by insulting their proclaimed ally the writing of higher oil prices and less oil was on the wall. And all this was BEFORE China saw its path clear to give the bird to the USA (that gesture with the finger). As such Saudi energy minister Abdulaziz bin Salman did exactly what was required for the good of the Kingdom of Saudi Arabia, it might not reflect on the needs of the cheap oil deliverers, but they could go cry at the fountain of Brent oil but the media does not report on that, Brent Crude (operating on behalf of ExxonMobil and Royal Dutch Shell) might be ‘too big’ for the media. Yet I have not seen anything regarding Darren Woods and Wael Sawan regarding dropping oil prices. Why is that? We see all the fingers towards Saud Arabia, yet Shell beat profit expectations towards $40 billion and ExxonMobile  beat it with $56 billion. And both broke expectations above 150%, as such I have issues with the entire OPEC setting. And when it comes to ‘lower oil prices’ who bet on this on Brent Crude lowering them? I am willing to set whatever I have at present ($0.70) that the amount of gamblers will add up to ZERO. Which makes me $25.2 (not enough for my new apartment). 

So when we get to “Now the question is if OPEC’s surprise cut will raise prices too quickly for the health of a fragile global economy, especially as central bankers continue their quest to tame inflation” no one is looking at the one element EVERYONE is ignoring. Inflation is also tamed buy banks having their donkeys on a row and with Credit Suisse and a few American banks we can say that this is not the case. So when we consider last week revelation by the BBC ‘Swiss probe into UBS takeover of Credit Suisse’ as well as the news only 2 hours ago that there is something brewing with the Viva Energy deal at $1.15 billion, I reckon that inflation issues are a lot larger than merely through oil and it is time that banks are properly looked at, because they are the so called power players in any inflation deal and no one is stopping certain players. Why is that? And when you consider the larger station, no one is acknowledging that commodities are at the power of the supplier and pissing off one of the biggest suppliers whist you shun two others for whatever decent reason (Iran and Russia), you need to reconsider the stupidity of any action against the third player who basically has had enough and now that China sees a larger playing field, they will take that option, especially if they can do it for a few Yuan more. That too is missing from the equation. That gives us a new discussion or consideration. So here is the new setting, it is not whether we were looking at a square or a rectangle, but we were looking at three points of an octagon/polygon. We were seeing the points correctly, but the stage was not properly marked and that makes neither wrong, it makes us both incomplete and consider that I am a mere blogger without a economics degree and the other player is the Australian Financial Review (and many other newspapers), who has the better excuse for not seeing the whole field? Consider that for a moment and consider the people pointing fingers at Saudi Arabia, why are they pointing there and not in other directions as well. In all this I believe that they have the proper reasons, can the same be said for Brent Crude? I will let you decide.

Enjoy the day.

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March 24, 2023 · 22:49

A nice surprise

It started early this morning, the BBC (at https://www.bbc.co.uk/news/business-65057809) gives me ‘Jack Dorsey business target of Hindenburg report’, so someone is finally asking questions of this person? With the byline “Tech billionaire Jack Dorsey is facing scrutiny, after a report accuses the payments company he leads of inflating user numbers and catering to criminals” one part some people noticed that about Twitter, which is why Elon Musk paid well over twice the price and no one in the media was willing to ask questions. I know nothing about the payment company, as such I have no view. The catering to criminals is new, not sure where I stand on it. As such when I see “Block, which former Twitter boss Mr Dorsey co-founded in 2009 and leads as chief executive, said it was exploring legal action against Hindenburg for the “factually inaccurate and misleading report”.” I stopped my response as I did not want to give more ammunition to Jack Dorsey, but the statement ‘factually inaccurate’ requires investigation and data. So as we are given “Now worth more than $30bn (£24.4bn), it was renamed Block in 2021, to reflect another, fast growing side of its business: Cash App, a payments app that was the focus of Hindenburg’s report.” No one seemingly reacts and that is fine, these places happen. Yet the setting is that it grew by well close to 1,000% over the period of less than 8 years. That implies a 125% year on year growth, that is a bit much and the accusation seemingly makes sense. And the criminals (or organised crime) would see the benefit of a cash app. There would be all kinds of benefits for them. This does not make Jack Dorsey guilty, but after the Twitter debacle it makes sense that a deeper look is given to this event. I reckon that I would be able to find a few more items if I had access to all that data, but that is the second stage. Not merely the data, the income streams would be invaluable for a player like China (or Russia for that matter). So as the BBC gives us “While conducting its research, Hindenburg claimed it had easily created obviously fake Cash App accounts in the names of Donald Trump and Elon Musk and made public records requests, which allegedly showed that Cash App was used to facilitate millions in fraudulent pandemic relief payments from the government.” Which leads to “that reflected “key lapses” in compliance processes” and there is one of the elements I warned for for well over two years. The BBC calls (or quotes) key lapses, but I see another fintech app lacking checks, balances and the ability to vet the correctness of information. And the added ““Former employees described how Cash App suppressed internal concerns and ignored user pleas for help as criminal activity and fraud ran rampant on its platform,” Hindenburg said. “This appeared to be an effort to grow Cash App’s user base by strategically disregarding Anti Money Laundering (AML) rules”” merely gives rise to my thoughts. And the world seems to be stagnant to act to any FinTech when needed. Yes, we see it at the BBC now, but how many more will look into this? How many media will give Jack Dorsey another free pass? I cannot tell at present, but over the last 11 hours the media did not go nuts over this, yet jokes like the ICIJ with their Pandora papers, their Pickwick papers and their cups of tea are seemingly in the dark on too much of this. So whilst some will wonder why Charles Dickens comes into play. Consider “A great hokey-cokey of eccentrics, conmen, phony politicians, amorous widows and wily, witty servants, somehow catching an essence of what it is to be English, celebrating companionship, generosity, good nature, in the figure of Samuel Pickwick, Esq, one of the great embodiments in literature of benevolence.” Now consider that view whilst I edit that part into “A view of FinTech solutions, conmen, phony media, and, silly exploiters, somehow catching an essence of what it is to be a wannabe, celebrating greed, need, and exploiters, in the figure of an unknown person at present, one of the worst instigations of hardship creators” it took less than a minute to get to that part of the equation and the crumbles of the media pie were all over the table for well over a year. So it is good to see the BBC make mention of this, but I wonder who will follow and will there be a real investigation? And I have to make one alteration, the Australian Financial Review got there about an hour ago, so they were on the ball. Yet who else was? Not that many for sure. 

This situation is still fluidic and I will take more looks, because I think I owe people like Elon Musk to take a larger look into this person, merely for the reason that the media refused to do so and that ain’t right. So will Jack Dorsey join the flock containing people like Elisabeth Holmes and Sam Bankman-Fried? I do not know, that is for a court to decide, at present it is an accusation. But in this the BBC has for the most been a righteous party, so for now they are getting the benefit of the doubt and the fact that the AFR is supporting that view is not a bad thing either. Perhaps the twist and dance of Jack Dorsey is in its last stage Time will tell. 

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March 16, 2023 · 18:07

Oh boy, there was more

It all started 4 days ago when I wrote ‘I honestly don’t get it’. I comprehended the stage just fine, it is the lack of comprehension of greed, what people will do to fill their own pockets at the expense of everything and everyone. You see Basel III was published in 2010 after the first meltdown, it was extended to 2015 with extensions going as far as January 2023. So 13 years and the whining bitches (aka banks) still will not learn. SVB is merely one example and the actions by congress made perfect sense. Now we have Credit Suisse and the setting changes.

It now needs (and apparently just received) 45 billion to be ‘secured’. This is a little more than the national budget of Qatar which is 53rd on a list of national budgets with 228 nations with on last place Wallis and Futuna. To give you a better picture, it is twice the amount Oman has for its citizens, they are in 68th position. They need THAT MUCH money. The issue is that big and do not talk to me about journalists or those clowns at the ICIJ. They are all about their Pandora papers and what a joke they are. 

You see, I stated in the first article the Common Equity Tier 1 (CET1) and now we see the BBC give us (at https://www.bbc.co.uk/news/business-64964881) giving us “After Credit Suisse shares plunged on Wednesday, a major investor – the Saudi National Bank – said it would not inject further funds into the Swiss lender”, it matters and I will get back to this. In the mean time The Guardian gives us “The bank had been forced to delay the publication of its annual report last week after a last-minute call from the US Securities and Exchange Commission relating to what Credit Suisse described as the “technical assessment” of revisions to cashflow statements going back to 2019. The bank said those discussions had now been concluded” I believe it is more, I personally believe that was why Yellen got involved in day one. I think the SVB and others have too many bonds and they are not ready to mature yet and with interest up these things are making banks bleed money and they are bleeding a lot. You see, there is an estimated total of TWENTY THREE THOUSAND BILLION DOLLARS in US government bonds floating around and I reckon the SVB and Credit Suisse are now in levels of pain, they had too many of those. As such the outstanding part, not merely these two represent $23,000,000,000,000 and no one can cover it they are all stretched beyond thin. This is what I expect is happening and I warned for this as early as 2016, there is a point of no return and the banks are way past that. Putting your IP in the USA is about to become one of the most expensive jokes tech firms have faced in well over half a century.

Could I be wrong?
Yes, that is the case, but that can be tested quite easily. You see, if you make a tally of where all these US government bonds were and you set that tally in a mineable solution especially with pre 2016 and past 2016 when Dodd-Frank got cancelled you will learn a few things and this is what I saw on day one, but weirdly enough the media is not going there (neither is the ICIJ), so you get to wonder why.

Oil in the family
now we get back to the Saudi National Bank. In this I agree with Saudi Energy Minister Prince Abdulaziz bin Salman. Oil is a commodity, there is no cap, if you need oil more and more, you are working from the wrong business plan and if that relies on exceeding your budget by over 30 trillion dollars you get what’s coming to you. In addition I would add the Republican Party making small talk stating that they need to pull away from Ukraine, I lose the little sympathy I had left for them. The US has slammed Saudi Arabia again and again, in some cases with the assistance of a United Nations essay writer. There is only so much people will take. They had the option to help Saudi Arabia create a nations defence strategy, they bailed out and now China is there. They made fake promises and most were not kept and now we see banks asking Saudi Arabia (in Oliver Twist style) can we have some more please? 

As such we see event after event and now that things are on the rails, the train has speed and they just ran out of rails. This is early and before I expected it, but I never considered the impact of Russia being stupid and attacking the Ukraine, it merely escalated things. 

America has two options, does it become part of China or part of Russia. It seems that the Republicans want to be part of Russia, the rest I do not know, but we are now in the process of the final financial act. And my evidence? Investigate the CET1 setting of EVERY bank (especially the two in trouble) and then look at where the bonds are and how many of these bonds are/were with the SVB and Credit Suisse. I have no doubt they both have too many. Then consider Basel III and see how many banks hold up at that point. They were warned for 13 years, so let them rot, let them collapse and let the investors and share holders take the fall and live life in minimum wage. 

And in all this, too many of the media are all about flaming and not doing too much about it, merely pushing towards bailouts. That time has gone as I personally see it. 

All whilst the Australian Financial Review gives us a mere 45 minutes ago “The failure of Silicon Valley Bank has exposed fresh divisions on Capitol Hill over banking reform, as US lawmakers from both parties trade blame for the lenders’ collapse and squabble over future legislation to shore up the financial system” squabble on something that was shown 13 years ago. Still think I am wrong? 

Enjoy the money you have, there might be a lot less soon enough.

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November 12, 2022 · 17:56

The other foot

A thought occurred, it happened earlier today, but my mind was not with the program that runs within me. You see we have a foot we prefer, almost like left handed and right handed, but the foot is less obvious, it is merely in the back of our minds, perhaps it is linked to instinct, perhaps it is less than that, but the setting exists. Yet what happens after? You see we are so of the mind that we walk we do that, and sometimes we run. Then we meet with people who tells us not to run, but to walk. Some have an actual concern. It can be safety, or merely the chance of danger. The other group gives us that setting do that we can be caught up to, we do not run faster than they do, it worries them. 

Yet there is another place. Where we rely on asymmetric gait, it is skipping. The interesting part is that skipping, even for 1-2 minutes a day strengthens you and increases your accuracy. Yet be honest. When was the last time you did that exercise? When do you no longer need to rely on increased strength and accuracy? You thought of that as a child’s game, did you not? 

The other foot is there too. What happens when you start concentrating on moving the other foot first? It is a simple question, did you ask yourself that? What happens when people state that there is no need, you are good as you walk and for a while you suddenly get compliments. Did you consider that someone does NOT want you to increase your mobility? In the 90’s my bosses did something similar. Convince me to NOT learn Oracle. It did not sit well with their exploitation of me, yet I did not learn that lesson until much later, too late actually. Yet in my twilight I have merely a few goals. Sell my IP and get a really nice stake in my retirement. And in good faith those who wronged me will never be allowed near my IP (Microsoft is not invited either). 

Yet the stage is not my IP, this stage is about you. When were you given a real option in the last two years? You see bosses are now no longer in charge (sort of). It is an employee setting and for the most they cannot get a good employee at present. EVERYONE is short of staff. As such this is the time to slam your fist on the table and set precise goals that they have to adhere to, although if you do that, you better deliver on their needs too. 

The AFR (at https://www.afr.com/policy/economy/why-we-don-t-have-enough-workers-to-fill-jobs-in-4-graphs-20220621-p5avcc) gives us in a first graph that the shortage increased by 30% in the last 2 years alone and it is not merely the ageing group. Bosses have short sold their staff for over a decade and now the invoice is due. In the blue collar stage it fluctuates between 20% and a whopping 74%. As such businesses on a global scale have a problem. Fortunately for them they have some options in other fields. Instead of relying on ‘Fake it until you make it’ they need to rely on ‘learn it until you lead it’ and there could be options all over the Commonwealth, Europe and even the US. Places like Oracle can start hiring trainees and after their first courses are passed they can be placed at their customers. Rotating every 6 month until someone ‘Shanghai’ them to become permanent employees. And this is not merely Oracle. There is Oracle, IBM, Alibaba Cloud, Amazon Web Services, end a few others.

The HR departments on a global scale need to alter their Modus Operandi it no longer works the way they think it does. The old days are over and you either adjust or you restrict your business. Of course players like Oracle need an alternative workforce, but there Universities and experienced oldies might be two streams of getting the workforce enabled. In addition they have the ability to enhance cyber knowledge all over the field making their people more enticing than the other ones. There the AFR had another view (at https://www.afr.com/technology/skills-shortage-a-handbrake-for-technology-companies-20220503-p5ai8r) and here we see ‘Skills shortage a ‘handbrake’ for technology companies’ which is merely the top-line. It is “The Australian Information Industry Association’s annual member survey found 75 per cent of technology companies are expecting their revenue to grow by at least 5 per cent this year but are concerned skills shortages will be a barrier to expanding their business.” And that is merely Australia. The commonwealth (especially UK and Canada) have growing issues and the US is in deep trouble and with their approach to everything it is now becoming the least interesting place to work. Plenty of California places (as well as the large players) have an option to syphon services via Canada, which is not a great solution, but better than nothing. In addition we see “AIIA chief executive Ron Gauci says his members are looking offshore to find specialist tech talent” and there we see the first problem, they rely on HR systems that did not evolve, that did not adjust and I see the same BS emails in my inbox to prove it, all half baked ‘invitations’ to come to Malta, they even pay the first month rent. Moving to a place where ‘others’ call the shots? You have got to be joking. When you are young and in the workplace we had 7 years ago, some people might give that a try. In todays setting it does not hold water and that is also a problem in Australia, the people who fell for that approach the last 6-10 years ago now have different stories and their friends are giving it a miss. But some places have options. They merely have to wake up and look at the equation from the other side to see that opportunities and options are there, merely for those willing to throw the gears in another speed setting and start with the other foot, it is seemingly that simple.

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March 18, 2022 · 21:22

Don’t we have enough problems?

This started this morning. It started when three messages passed by my Chromebook. The first was (at https://www.aljazeera.com/news/2022/3/16/un-aid-drive-to-avert-yemen-catastrophe-falls-far-short) called ‘UN aid drive to avert Yemen catastrophe falls far short’, so in short, the UN cannot get it done, big surprise here (not really). The second one was from a different corner. The second one was Arab News (at https://www.arabnews.com/node/2044566/saudi-arabia) which gives us ‘Saudi Arabia pumps $19bn into Yemeni aid program: KS relief chief’, so if I see this correctly, the UN was unable to get it done raising only $1.3bn at Wednesday’s conference in Geneva, a little short of the $4.24bn they had hoped to get, a mere 30%, so we see the failure of one, all whilst the Kingdom of Saudi Arabia is pumping $19,000,000,000 into that place. And of course it comes with “He added that Saudi Arabia would continue to support Yemen through relief and humanitarian programs in coordination with international and local partners.” Yet the other side, the UN did not really give any notice of the efforts of Saudi Arabia does it, even as Arab News gives us “The event was also attended by UN Secretary-General Antonio Guterres, President of the Swiss Confederation Ignazio Cassis, Swedish Minister of Foreign Affairs Anne Lindy, UN Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator Martin Griffiths, and Saudi Arabia’s Ambassador to the UN in Geneva Dr. Abdulaziz Al-Wasel”, I saw no mention in the end in western papers. I did however find something else. 

The Sydney Morning Herald gives us (at https://www.smh.com.au/culture/celebrity/ex-bachelorette-georgia-love-slammed-for-instagram-posts-promoting-saudi-arabia-20220317-p5a5lf.html) the stage of ‘Ex-Bachelorette Georgia Love slammed for Instagram posts promoting Saudi Arabia’ and there we see “Georgia Love and Lee Elliott, who found romance in 2016 on the second season of Network 10’s The Bachelorette, have sparked controversy after the pair posted Instagram photos of themselves promoting tourism in Saudi Arabia.” The article by Robert Moran calls for more, hiding behind commenters whilst the SMH has not informed us on more than one occasion that Houthi terrorists were attacking civilian targets. The SMH also did not inform the people on the $19,000,000,000 event from the Kingdom of Saudi Arabia all whilst the UN could not get 25% done, they raised less than 10% of what Saudi Arabia contributed. If we are all bout fair and balanced, we need to start being fair and balanced. Iran executed 280 people in 2021, so where is THAT Sydney Morning Herald article? 

Is Saudi Arabia a perfect nation, no it is not. Neither is Australia, a nation who refuses to do anything about ageism. Two people promoted tourism in a nation we are not at war with, two people are doing something to open doors that others cannot be bothered knocking on. 

I think that the SMH dropped a few too many issues to be knocking on some door regarding promoting a nation. Oh, and before I forget it should I get that notion in similar ways, I would offer the 5G IP I have to the Kingdom of Saudi Arabia long before I would EVER offer it to Australia! Although, I would try to sell them some other IP first, including a story on how to assassinate a politician.

See how long it takes people to consider that Telstra is an increasing problem, not some solution. We see mere greed driven responses, instead of catering to the larger setting of the people. The AFR (Australian Financial review) gave us two weeks ago “A major upgrade of NBN services in country Australia will be part of a multibillion-dollar regional infrastructure package to be included in Treasurer Josh Frydenberg’s pre-election budget.” And you think this is god for the people. No, it was because ‘Major NBN upgrade planned to fight off Musk’s Starlink’, so why is Elon Musk with his Starlink a negative thing? Is it because it is bad, or because it is bad for players like Telstra and their ‘friends’? If I look at all the issues we face, I think we have more than enough problems. And the anti-Saudi rhetoric whilst WE never did anything in that region when it mattered is just insane, but we are their for Ukraine, it is politically convenient. I reckon the Syrians and the Yemeni’s will have to live with that decision. 

So whilst news dot com dot au “Georgia Love and partner Lee Elliot have deleted their Instagram posts promoting Saudi Arabia but they can’t hide from those tagging them”, it is just another another set of bullies who do not know what they are talking about, because certain media prefers not to inform them. And in the end, do I care? Nope, I never seen of followed Georgia Love. I personally think that the Bachelorette and like minded programs are a waste of my time. But I do care about bullies and that should be on the front of the line. So how much reporting did Robert Moran do on Iranian culture? Their humanitarian efforts? You see it is more likely not his cup of soup and the fact that a person like Georgia Love made the papers (or internet) means that he had nowhere else to look regarding culture. So whilst ABC gave us ‘Women are isolated in sports media, we need more allies for real and lasting change’ three hours ago, the Sydney Morning Herald was all about bully tactics, that is how I personally see it and it is sad that some resort to that, but on the plus side, I can at least make the claim that I tried to better the world by melting down an Iranian nuclear reactor, how is that for cancel culture? In all the issues we face Georgia Love should have been a blip on the radar at present, I personally reckon certain people got upset with the effort and the SMH obliged. That is my take on the matter, but then I could be wrong. You make up your own mind on where I stood, right or wrong?

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February 26, 2022 · 23:19

I had to take this one

I was alerted to an article in the BBC, the article was about 10 hours old and gives us (at https://www.bbc.co.uk/news/world-us-canada-60499391) in the headline, but only once and it does not replicate.

You see the setting of ‘Putin saw America has become weak under Biden’ is wrong, it did not become weak, it was weak and has been for some time. Getting a bully to talk loud does not make America less weak. The American inactions regarding: 

  • Chemical attack Homs Syria 2012
  • Chemical Attack Douma Syria 2018
  • Houthi terrorist attacks Yemen 2014-2022
  • Ukraine under Russian attack 2022

As you can see, Americans are all talk and lack actions. It is not because they do not want to act, it is because they can no longer act. A debt surpassing $30,000,000,000,000 is making sure that this cannot happen, the US has become nothing more than a paper tiger. And let’s be clear, this is not merely the US, the EU is in a similar state. How I went to school and heard these preaches and stories, that if there was ever a chemical attack, the nations would unite against the attackers. In 2012 we saw the reality of what was preached for decades, they merely united and scolded the transgressor making very sure that words like ‘seemingly’ and ‘alleged’ were everywhere in that text. We saw a repetition, with the western media not reporting on Iranian involvement and remaining silent on Houthi attacks on civilian targets, the United Nations added to this by calling out one party and not the other one (Iran). The complete view on the uselessness of western politics set in action.

So when we get ‘told’ the simplicity of “America has become weak under Biden”, it did not, it was weak and will become weaker still. It is the order of things when your credit card is telling you to stay at home whilst the neighbours house is on fire and you cannot afford to buy a bucket. You do not want to let the neighbour know that you cannot afford a bucket, so you set in motion talks, but the neighbour does not want to talk, HIS HOUSE IS ON FIRE! 

/so when Al Jazeera reports ‘New sanctions come as Yemeni rebels ramped up attacks against Saudi Arabia and the UAE in recent weeks’ (at https://www.aljazeera.com/news/2022/2/23/us-issues-new-sanctions-on-alleged-houthi-financing-network) 3 days ago, my response is that the US gets a functional navy that can stop smugglers, so far I have seen less than 3 successes over a time of 6 years (at least) and we see how the US Navy seemingly cannot stop anything. That is not their fault (I think) and there could be half a doze reasons, but let’s be clear, the western media to a much larger degree is silencing that part all over the place. And we can shelter on the setting that no one cares about Syria and Yemen, but the Ukraine is too close to home (for the EU) and now we get to see the blame game, we get to see the opposite side, just like the US and EU were silencing any issue on Iran, we now see ‘China refuses to call Russia’s move on Ukraine an invasion’ (source: Australian Financial Review). So how does that feel? The blunt question is ‘Why would China care about Ukraine?’, Why would China push for a setting that it does not need to do? I do not think it is right, I merely think it is as it is. 

We need to accept that inaction comes with consequences and a consequence now is that Russia wants EU expansionism stopped and Russia took the step it felt it could take and that sucks for the Ukraine, but the inactions of the EU and the US (economic sanctions are not real actions), and I am proven right in another BBC article where we saw yesterday “Ukraine isn’t in America’s neighbourhood. It is not located on the US border. Nor does it host a US military base. It does not have strategic oil reserves, and it’s not a major trade partner”, it was the sad truth for Syria, for Yemen and now for the Ukraine. It is what the US calls policy and that is their take on it, it doesn’t make any president weak, but as I see it, when you need to set a filter to that degree, it also implies that you are no longer a superpower, especially if you cater to Iran who allegedly is now (or will be soon) enriching Uranium to 20%, so when this escalates in the state of Israel and the Kingdom of Saudi Arabia, will it still a stage of inaction? I reckon so, the debt will remain for decades giving China and Russia an almost uncensored way to change the political map all over the Far East and the Middle East. Now there will be people who do not agree, and that is fair. I would merely like to point out that the past has proven me right and the present is merely continuing the stage that I am still not wrong. 

Europe is in danger of a lot more than you think and it seems that in this case the US is not playing the game to the harder degree, they seemingly no longer can.

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July 13, 2021 · 21:20

The Lawyer wins, the law loses

Yes, it is a stage that we will be seeing soon enough. As the lawyer wins, the law loses and tht is just the beginning. As we see ‘Apple loses appeal in Fortnite court battle’ (source: Australian Financial Review) there is a secondary stage that comes up. It is not immediately clear, but someone gave the reader by Jeff Dotzler in GC Consulting in 2019 ‘Will You Get Sued if Your Business is Hacked?’ There we see “Even though the company was able to restore the records, one of the affected clients, Surfside Non-Surgical Orthopedics in Boynton Beach, sued Allscripts in federal court. Surfside accused Allscripts of not doing enough to prevent the attack or lessen its impact and sued on behalf of all affected clients for “significant business interruption and disruption and lost revenues.”” Now consider that ‘significant business interruption’ can be replaced with ‘game score disruption’, a stage I saw coming a mile away. Epic Games did not  consider the stupidity of their actions and now, should they win they will soon face several, if not well over a dozen class cases. They cannot make some ‘we are not responsible draft’, the moment ANYONE at Google or Apple squeals the setting of the hack and it comes with the accompanied ‘We could have prevented that’ Epic Games is lost, it will cost them billions in settlements and lawyer costs. If you doubt that, consider ‘SolarWinds says unknown hackers exploited newly discovered software flaw’ (at https://www.reuters.com/technology/solarwinds-says-unknown-hackers-exploited-newly-discovered-software-flaw-2021-07-12/), so they just got out of one mess only to land in a new one and these people have a decently simple system, Epic Games will have to spend on protection that is several levels higher and I feel decently certain that it is not enough. The moment any profile is transgressed on whilst there was a purchase, that is the game, loss Epic Games and loose they will, a lot. 

Even as we are told “SolarWinds said the flaw was “completely unrelated” to last year’s hack of government networks”, it will not matter, another flaw is found and there is every chance that more than one will still be found. In this Forbes gives us ‘Why SolarWinds Is The Wakeup Call No One Heard’, it comes with “everyone talks a good game, but the very structure of American (and other businesses around the globe) makes it nearly impossible to, for example, deliberately and significantly reduce EBITDA to prepare for cyber warfare” and when you consider that EBITDA is Earnings Before Interest, Taxes, Depreciation, and Amortisation. You see the problem, it is not all, it is earnings before interest and depreciation that bites, earnings before interest is all earnings with cost diminishing this and too many corporate players tend to cut cost. In some cases they have no choice in the cloud a lot does not matter but it is transgressed on (according to some numbers) for almost 90%. And when you add that Amortisation is merely anther view of  depreciation the path is clear. Steve Andriole also gives us “The number of severity of cyberattacks will explode in 2020.  Cyberwarfare has now levelled the playing field in industry, in government, and in national defence:  why spend ten or fifteen billion dollars on an aircraft carrier when you can disable it digitally?” You think that this is about defence? Do you have any idea what 50 million whining gamers can do? EVERY ransomware player will target Epic Games and with an open Android and iOS setting they will succeed. I saw this when this all started in 2020 within 5 minutes, the short sightedness will hit Epic Games and others in a few ways. Think I am BS’ing you?  Consider that several sources gave you a month ago “Hackers Stole 780GB Data Including FIFA 21 Source Code in EA Hack” and EA has been in this game a lot longer than Epic Games has been. That is not evidence, but it is a setting that we need to consider and when Epic Games loses that data the class actions start, and it is not something that they can keep quiet (apart from that being a crime), the people will talk and the parties involved, including government parties will find a nice letter making claim to financial losses. The law source (see above) also gives us a link to the Ohio Data Protection Act. There we see “Under the law, damages cannot be imposed if a state court finds your company had a reasonable cybersecurity plan when a breach occurred and followed it to the best of your ability. Or, as the legislation puts it, the law is “an incentive to encourage businesses to achieve a higher level of cybersecurity through voluntary action.”” In this I offer ‘reasonable cybersecurity plan’, was it followed through? Was there a backup if it fails, was there consideration for cross platform transgressions? In this last part I offer to the older programmers 

IF(clipper)
   …
ELSE
   …
ENDIF

Those who know will nod and consider what else Epic Games and others have forgotten, what happens when someone exploits a Sony flaw over the entire system, and at that point these companies have little to no protection. 

Which gets us to ‘when a breach occurred and followed it to the best of your ability’, but the suing side will argue that the breach could have been prevented on day zero, or even day -1, which will be their way of saying that they opened the system when they were not ready and that is another billion in class actions right there, and I agree with the stage that there will be enough cases that have no bering (just like the loot box cases in the media), yet Epic Games will have to hand to their lawyers to investigate them all, the hours alone will rake up millions and that is merely year one. The lawyer wins his bread and butter for a year (at the very least) and the law is up the creek without a clause. The law was never ready for this, so the going will be good towards the coffers of Epic Games, a looting box that requires time, not money. 

So when we go back to Forbes and consider “When I took the results to the CFO (to which technology weirdly reported), his only question was, “what’s all this going to cost me?,” which of course was the wrong question.” We see there setting, but I wonder who gave that same question to the Chief Legal Officer (CLO) with the question ‘What will this cost the firm?’, a question that he can decently predict when he considers 1-5 class actions and that result has to be scary and any consideration of future profit goes straight out of the window, not merely the legal costs, marketing will have to offer a whole range of products and services to stem the tide of people leaving for the next safer harbour, the most dangerous of all settings, and that is merely the beginning of year one as Android and iOS stores open. Forbes also gives a reference to Andy Greenberg (Wired Magazine, 2019) said about why governments have been unwilling to deal with cyberthreats: “More fundamentally, governments haven’t been willing to sign on to cyberwar limitation agreements because they don’t want to limit their own freedom to launch cyberattacks at their enemies.  America may be vulnerable to crippling cyberattacks carried out by its foes, but US leaders are still hesitant to hamstring America’s own NSA and Cyber Command, who are likely the most talented and well-resourced hackers in the world.” And this is not a government setting, Epic Games will be hit be greed driven and vengeance driven hackers as well as organised crime, a %5 billion company? With the state of cybercrime convictions? They are definitely on board. A stage Epic Games could have prevented from the start, but someone saw 30% of $5,000,000,000 and did the math, but whoever did the math was not ready for the tidal wave they would be inviting through that choice. In this, Forbes had one more gem, it comes from Nicole Penroth and ‘The hubris of American exceptionalism’, when we see “More hacking, more offence, not better defence, was our answer to an increasingly virtual world order, even as we made ourselves more vulnerable, hooking up water treatment facilities, railways, thermostats and insulin pumps to the web, at a rate of 127 new devices per second”, now consider that Fortnite is on Windows, MacOS, Switch, Sony, Microsoft, iOS and Android, they drew more than 125 million players in less than a year, do you think that there will be no flaws? And how many devices a second will that add to the equation? Do you have any clue what level of protection is required, even as Sony, Solarwinds, Nintendo and Microsoft have all been hacked even though they had nowhere near that level of complexity required. This was a dangerous situation from the start and gamers will soon have to seriously consider to remove any program that has an ‘open’ store, the cost will be too high for a lot of them. 

And that is not all, as Nicole spoke about ‘an increasingly virtual world’ the danger that open stores will mean that you either have a dedicated computer, or healthcare and safety products will not be considered to be insured in your house, when that happens we get a whole new level of nightmare, I can only imagine that setting, but I am clueless as to the impact, we cannot oversee that, not with an evolving IoT and 5G evolving before our very eyes.

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September 4, 2020 · 14:04

The face carrying the egg

Yup, I woke up giddy (a good meal will do that) and I have been thinking about new IP when the BBC made me giggle with ‘One of Europe’s biggest brothels goes bust’, now this is bound to happen, yet the situation reminded me of an old slogan: ‘Due to a death, the cemetery will be closed for 3 days’. Now I have nothing against the ladies of the night and the business people counting on the mattresses being used day and night, yes they will have a larger issues with a pandemic lockdown. It is nice to see “Some 120 prostitutes usually work at Pascha. It employs around 60 staff including cooks and hairdressers. Mr Lobscheid criticised the German authorities’ handling of the pandemic – particularly their ability to be clear when the business would be allowed to resume. He said officials would tell them every two weeks that they would not be able to reopen”, I am not judging mind you, but the effects of a lockdown implies that you cannot work, not even on your back and when your clients are in lockdown, so will you be. That is the low down on the issue and to see “We can’t plan like that. We might have been able to avert bankruptcy with the help of the banks if we had been promised that things could start again at the beginning of next year”, OK, that is fair, when a brothel is run like any business, that includes paying tax, it is fair to say that it should be allowed governmental protection, and lets face it, if the governments protects its politicians, why not its hookers, there are plenty of situations when most people cannot distinguish one from the other, as such the humour is increasing. Yet the other side is also in discussion, we see this with “Mr Lobscheid criticised the German authorities’ handling of the pandemic – particularly their ability to be clear when the business would be allowed to resume”, I wonder if Mr Lobscheid has all his ducks in a row, you see this pandemic is unique, we haven’t faced anything like this in 100 years and the last time we did it there was a little picnic called World War 1 which had just ended, as such nations were largely in disarray. We have been lucky so far and if governments had taken a longer look at their infrastructure the mess might (i emphasise might) we smaller, but optionally not by a lot. So in all this, as businesses are in lockdown, are in a stage where larger businesses cannot run, we see a brothel, but we also see Airlines, hotels and a whole range of companies losing out of revenue, so in part a business that is properly set up and is paying tax, should be entitled to some form of protection, yet the statement ‘their ability to be clear when the business would be allowed to resume’ is a bit of a stretch. It is almost like the hooker who goes to the doctor because of a symptom and the doctor tells her to stay out of bed for three weeks. yes, it is unfair that businesses like airlines and the one mile high club needs to stop functioning, but I wonder if people have any clue what the impact of a pandemic is. The Spanish flu set the need for 20 million to 50 million tombstones, at present that need is a little below 874,000, so we are only at 5% of the previous caper, now we can toss and turn, or we can adjust. I am in favour of the second, but that too comes with a risk. You see as long as we lockdown the disease remains a risk and the steps make sense, because the more time we have, the more time will be set towards finding a vaccine, and optionally a cure. We are given all these options, but the short, sweet truth is ‘There is no cure or treatment to prevent COVID-19’, as such until there is a treatment, lockdown is what there is and that is it. In this, I accept that the BBC gave us the article (at https://www.bbc.com/news/world-europe-54016791) that there is more to life then awaiting death and the setting of Pascha is what it is (as a priest once told others), but the setting that we see with ‘criticised the German authorities’, is to be honest a little insane with the larger stage of unknown variables and minimum distance of 2 meters. I know that some call it a long john, but it’s not that long, not by a long shot. Yet I am still pondering “We might have been able to avert bankruptcy with the help of the banks if we had been promised that things could start again at the beginning of next year”, I know that over religious types go into a banter, but at least it is a business that pays taxation, and if rumours are correct a lot more than a speculated member of FAANG does, so there! 

So when we consider the face carrying the egg, we can point at Lobscheid, or we can look at ‘‘The venues are packed’: Labor Day parties cause concern for another COVID-19 spike’ (at https://www.11alive.com/article/news/health/coronavirus/labor-day-weekend-covid-19-worries/85-e320d391-da34-49e7-b8c0-1ebb35061367), with the added quote “Georgia health experts are concerned Labor Day weekend could usher in a new wave of COVID-19 infections just as the state’s cases have started to slow down. Despite the warning, large parties are scheduled over the next few days in metro-Atlanta, as state and local officials are doing little to stop it”, so whilst we see one person in denial of clarity, we see a whole group of people in denial of the actual situation. For the unemployed it is good news, as 874,000 move towards 2,000,000, we see that jobs become available, houses become cheaper and it will be all over the US, the EU and a few other places as well. For governments there is another upside, as people get jobs, the cost of governing goes down and as such it starts the end of a recession, positive news all around.

I do agree that the lack of clarity breaths confusion and aggravation, but there is no real solution; until the people realise and clearly realise that the last pandemic took well over 20 million lives, only then will they realise that there is a larger setting and they are taking risks with their lives, the clever people will not. The situation is that at present, new cases are set around 290K a day and that has been the case since July 24th, so well over a month, and since July 17th the number of non living increases by 5,000 a day. These two numbers are not a given, and things will get better, but do you think it gets better when hundreds are together in a bar celebrating labour day? It gets to be a lot worse when we see ‘CDC’s autumn vaccine hint fuels fears of pressure from Trump’ (source: the Guardian), there we see “the Centers for Disease Control and Prevention (CDC) had instructed states to prepare to distribute a coronavirus vaccine to healthcare workers and vulnerable populations – just in time for the 3 November election”, but at present there is no reliable news that there is an actual vaccine, several sources give us that there is one coming, but when we look at the Sydney Morning Herald (at https://www.smh.com.au/national/how-is-the-new-covid-vaccine-designed-to-work-20200819-p55n33.html) we see “That letter of intent is contingent on the vaccine working – and, scientists have emphasised, we don’t yet know if it will” and that is not all, that was on August 19th, so far we do not see a daily update that there is an actual confirmed vaccine and when we consider “among the more than 165 COVID-19 vaccines under development around the world”, so everyone is racing to fill their pockets with a working vaccine, but so far none is in existence. I do accept the setting “ChAdOx1, the vaccine Australia’s government has signed up to buy, is one of the leaders”, and I know it will take time to confirm, but in all, the stage we are about to see is one that is a dangerous one and too many people have decided not to sit still and ponder the impact of ignoring what is in front of them, time will tell, but the setting is a lot more dangerous than before, the Guardian gives us that with “critics of the Trump administration have worried that the White House would pressure the Federal Drug Administration (FDA), the CDC and other agencies to rush a hasty coronavirus vaccine to market before the election” and that is merely the larger stage, the idea that a place like the CDC could be pressured implies that the lives of the people that they are supposed to protect are not protected at all. This is seen with “a key agency in the process, the FDA, which would have to grant emergency use approval for any vaccine candidate to be distributed before the full completion of trials, has shown itself vulnerable to political pressure”, and it is ‘distributed before the full completion of trials’, is the part that should hit you. If that happened, people could be confronted with a vaccine that is optionally worse than Covid-19. I need to be careful, because I will not speak out against vaccines, but we need to realise that proper testing is needed and that requires time. And in this time is the one element that the people are not willing to give, and those on that train will be wearing egg, and a lot of it.

Time will tell us what was the proper course of action, time will tell us what the effects are of lockdown, because that can only be seen afterwards. I am merely nervous that in the end a lot more people will die of the Coronavirus than was needed, merely because governments were too lazy (or too late) to act. And it is not all their fault, that is seen in the Australian Financial Review with ‘Masks are pointless, says Sweden’s maverick chief medic’ (at https://www.afr.com/world/europe/masks-are-pointless-says-sweden-s-maverick-chief-medic-20200730-p55gre). Here we see “With numbers diminishing very quickly in Sweden, we see no point in wearing a face mask in Sweden, not even on public transport”, and we are surprised that people follow this, he is an MD, he should know and all whilst we see hundreds of medics all over the world give us all kinds of images, but a lot give us something like the image seen here. So when we see that and we see the statement by Sweden’s chief epidemiologist Anders Tegnell. So when was ‘better be safe than sorry’ not a golden rule in an age of Pandemics? 

We still have ways to go, but in all this, I predict that a lot more people will be the careers of egg on face than we think there are and when we learn that lesson it will already be too late.

 

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August 28, 2020 · 04:25

The tech is out there

Even now, as the larger players (Microsoft and Wall-mart) are starting a bidding fight for TikTok, we see the flaw on several levels in the digital age. I illuminated it yesterday, in my previous article.  We are in a stage where everyone is shouting that they have Digital Media Managers , Digital Marketers, Account Managers, Social Media Managers and so on, and so on. Yet, where it counts, we see (at https://content.govdelivery.com/accounts/WIGOV/bulletins/29bf2b8) the statement on Kenosha and the shooting, but when I looked at the site in ‘Self destruct initiated’ (at https://lawlordtobe.com/2020/08/27/self-destruct-initiated/) there was no mention at all and that was at 02:57 on August 27th, whilst the shooting was on August 23, it took 4 days for the digital media manager to wake up. Yet the police section in the news of the City of Kenosha website is still empty, so why do they have a website and who manages it? It is nice to have politicians and captains of industry hide behind the Internet of Things, digital media and digital needs, but where it counts, are they even aware that they flunked the pooch? 

A second set is given by the BBC (at https://www.bbc.com/news/technology-53930775), here we see ‘Facebook says Apple ad-blocking settings could halve revenue’ where we get introduced to “Apple’s plan to require all users to actively opt in before they can be tracked “may render Audience Network so ineffective on iOS 14 that it may not make sense to offer it”, Facebook said”, whilst we also get “In the upcoming iOS 14, apps have to explicitly ask users’ permission to collect and share data, meaning ads will no longer be able to just “follow” users to apps outside of Facebook”, all whilst everyone is ignoring “way for advertisers to extend their campaigns beyond Facebook and into other mobile apps”, lets be clear, FaceBook has every right to advertise on its site, it is the price of getting a free service, yet where does it state that the people have to agree to be followed “into other mobile apps”? In that article, where does it state the need and rights of the consumer? (I am not attacking the BBC or the writer of the article), we overlook technology to the mere shallow assumption related to it. We see the attack on Apple from Epic games (Fortnite) and we see Microsoft supporting Epic games, yet thee fact that the rule that Apple relied on is pretty much the same rule Microsoft has in place, so how did that make sense? It only looks clear when we see the path Microsoft has in play and they mobile XCloud is relying on the millions of iPhone users. I mentioned that in ‘The stage pushed by Microsoft’ (at https://lawlordtobe.com/2020/08/24/the-stage-pushed-by-microsoft/), so again we see a tech setting that is getting a shallow treatment and in this case I do not attack the media (even though I think they fell short), for the media it is all the emotion, as such we see the BBC giving us ‘Apple Fortnite players left behind in new update’, yet the stage where Epic games would be allowed back if they remove the external link in the game, which is against the developers agreement that Epic games agreed to when they got on the Apple store, a rule that Microsoft has in play as well and the media pretty much smoothed over with what I would personally see as ‘applied ignorance in action’.  

We see two versions of limited tech insight. This entire setting also applies to Huawei, the accusations and the lack of evidence is centre to all this. We get ‘Huawei’s networking equipment has not been detected spying’, in a Sky article last July, and it is the driving part in all this, we want evidence and we keep on getting bitching American politicians, one after another all emotions and no evidence. All whilst last week in the Australian Financial Review (at https://www.afr.com/technology/is-huawei-too-big-to-fail-20200824-p55ont) where we get the repeated “shot down by an announcement from the US government that it would use the global dominance of American technology to cut off all supplies of semiconductors to Huawei”, which is stupidity on a new level. It seems that it is not and that would be fair, the short term solution is met as semiconductors are not available. Yet in this for over a year Huawei was ready to that stage making (read: designing) their own semiconductors. When that happens, the US will have a Chinese competitor in another field and the US will lose even more ground. So whilst the US is in denial that Huawei grew because it had a good product, slightly cheaper but a lot better, in all this they rely on “Driven by the belief that Huawei could enable the ruling Chinese Communist party and its military to spy on other countries and their companies, undermine their national security and steal their commercial secrets, the US government used every option open to it”, where ‘could’ is the operative word and the additional ‘undermine their national security and steal their commercial secrets’, and guess what, there is no evidence on any level and the situation merely becomes worse when you consider ‘Critical flaw in IOS routers allows ‘complete system compromise’’, a part that ZDNet gave us in June (and before that, at https://www.zdnet.com/article/ciscos-warning-critical-flaw-in-ios-routers-allows-complete-system-compromise/), it is a simple situation, the Chinese government does not need to use Huawei to spy, they can use Cisco equipment (an American company based in San Jose) and download server by server on a global scale. When did the media give you that part? That weakness and a few more have been out in the open, and we hear nothing. This is not on Cisco, as it warned the users and is working on fixes, but the media is blind to the flaw, why is that?

Both the tech and the flawed tech is out there and there is a growing issue for a lot of people that we get limited and one sided revelations, who is served better to that? I am going with the personal view that the setting of the media catering to Shareholders, stakeholders and advertisers remains firmly in place.

The tech is out there, but who is taking a good look at it and who is using it to the maximum that would be required in the digital age? I’ll let you brew on that for a little while.

 

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November 15, 2019 · 11:55

There is more beneath the sand

The Australian Financial Review has an interesting article that they released a little over 12 hours ago (at https://www.afr.com/world/middle-east/is-saudi-arabia-s-royal-family-ready-for-a-market-economy-20191112-p539sv), the title ‘Is Saudi Arabia’s royal family ready for a market economy?‘ is an interesting view on the issues that are coming around over the next decade. Stephen Cook gives us part of the goods, yet I wonder if he is cautiously holding back (an acceptable stance for any journalist) or is there more?

That is not an attack on the article; it is well written and shows a writer with a good grasp of grammar 😉 He also makes a few very nice observations. The issues that come from that are not always visible, but we should argue before we get there that any cautious journalist does not need to go there; a blogger like me on the other hand is (at times) all about the informed speculation. So when we see: “to pull off Vision 2030, Mohammed bin Salman needs some of the international goodwill he enjoyed until mid-2017“, that partially true, most of it can however be built with money and Saudi Arabia has plenty of that. At which point Mr Cook takes that frying pan and hits us with “There’s just one problem: the Aramco IPO is far riskier than the Saudis are letting on“. He gives it in the form of “The Saudis are offering stock in 2-5 per cent of the company. One of the sticking points has been valuation“, he is true, and we see that in the article that there is a margin of valuation (depending on the offerer) that is almost 50%, And that is not the only part, there is a view that Saudi Aramco will value at almost twice the price of Apple, that is a lot and there will be an actual benefit that Mr Cook does not offer. He does give us that the Saudi offering could end up netting between 24 billion and 115 billion. No matter how this turns, there will be plenty of Saudis all wanting a share or two, a population supporting its own national product, so there is interest, the benefit we do not see here is the corporatocracy that the EU has become, with value in the fire of shares, whatever Iran will think of next will bounce back, any attacks is no longer a mere Saudi Problem, Saudi Arabia has done something interesting. By offering 2.5% of a company its visibility will become global and that is the first nail in a coffin named Iran. And that is not the only one; there is another benefit to see when we take a harder look at Vision 2030.

You see Vision 2030 will be a clean systems sweep of 5G (and 4G lte) systems, the old 3G and other systems will be absent, the Saudi’s will get a much better view of what is needed in the 5G atmosphere without having old equipment holding it back, you might laugh, but do you have any idea on the amount of equipment out there switched on because there is some ‘twittle’ hardware connection, or the owners merely does not know that some equipment does not need to be turned on? It amounts to almost 7% of the electricity bill and the amount of technology and hardware involved shows a massive amount of additional loopholes requiring fixing. You might not think this is essential, yet when we realise that there is an amount that is between calculated and measured that is not addressed, we see a much larger issue, in at least two cases I have seen the ‘connections’ merely being ‘improperly’ addressed, I wonder what else was not done. Vision 2030 will allow us to look at hardware connected and we will see a whole range of equipment never connected. There will be an amount of niche markets that will evolve because of it and as we see that evolve, whoever is working in Neom City, will get an interesting benefit to this change.

Getting back to the IPO, there is every concern that the quote “Iran’s Islamic Revolutionary Guard Corps (IRGC) has every reason to keep the Saudis on the defensive and mess with Aramco’s IPO” has value, yet the first one who is part of the IPO will have the benefit of calling out Iran’s actions and now there will be nations with skin in the game, Iran is basically done for and it needs the nuclear benefit of playing the bully, yet it is running out of time no matter how blind the EU tends to be. When any Wall Street corporation has skin in the IPO, they will report it to any channel willing to expose Iran and that is what Iran really does not like, you see playing the bully only works when no one is looking at you and that option is about to end. They will now enter a stage where the writer claims ‘make investors nervous‘, yet when they go a little overboard and ‘make investors angry‘ their benefit is gone and that is why they need the nuclear pact to be in their favour. A bully merely knows no other way to look at matters, but now we see a much larger field and Iran is about to get exposed a lot more.

So now we get back to Neom City, the writer gives us “The plans (and promotional video) were impressive, but the effort failed miserably“, yet he gives no reason, I will, The amount of media willing to give Neom City the light of day could be counted with two hands, with the hundreds of accepted media in the Aether, they all shied away from Neom City and it was not Jamal Khashoggi. It was in part America and in part Europe that was scared. A city that is stated to be 22 times the size of New York is a building marvel, it would be no less than another world wonder and the powers that be have no intention of letting Saudi Arabia walk away with a world wonder, not in this age. Even as the bridge to Africa might never become a world wonder, the bridge itself will be a global accomplishment and it will give larger gains to Saudi Arabia. In addition it takes another premise, the city of Sharm-El-Sheikh (Sinai) would gain in several ways, whilst the bridge would open Saudi Arabia to Egypt in larger ways. It would also open up technology paths to Saudi Arabia. In addition we see: “Mohammed bin Salman has calculated that he has a greater chance of eliciting the loyalty of his subjects – and thus shoring up his power – by giving them movies, concerts, and WWE wrestling events; reining in the religious police; and granting women the right to drive“, yet it is missing a part, with the building needs growing for close to two decades, we will see a new class of people, A class to Egyptian Muslims working in Saudi Arabia growing the population and growing a larger stage of a new population drive, those needing a better life, we have seen this in America and Europe and it will drive a new need in these people finding a niche where they can settle their family in growth, that part will be new to Saudi Arabia and it will create new wealth group and a larger drive towards Saudi Arabia. I reckon that Saudi Arabia could grow to well over 20% this was and the size of Neom city would allow for a much larger growth giving new options to Saudi’s and those wanting to be Saudi.

As I see it Saudi Arabia could over time grow that IPO to be up to 9%, so basically it will get access to 3 times that maximum of 115 billion, with an offering that over time will be close to $400 billion, we see that Neom city has been paid for, at that point with the IPO in place, and Neom city ready to grow Iran will be shown to be the bully of the Middle East, and bullies can be dealt with in swift ways by any global population that is clearly aware, which now leaves us Hamas and Hezbollah, we actually need not look in those directions, Israel is looking there already, we merely have to wait what will happen next, with these two elements clearly in lace it will not take long for technology firms to seek their nesting grounds in Neom city, Huawei is actively looking, Google has set its premise, as have Apple, Microsoft and IBM (who added 197 jobs in the last month alone), so the need is being addressed, now it merely takes time for the entire stew to settle, once all the elements have been added, we only have to wait (which will be the hardest part), yet there is little to no doubt in my mind that when we see the elements of Neom City, we will see a much larger shift in the west, it will not only be to stay on par with Saudi Arabia, it will be to get all the residual hardware and all the non-effective hardware to be removed from hundreds of places, I reckon that the US will face a new technology need at that point.

You see, in the end, there is less to a decade to a ‘futuristic city’ and a technologically ‘apt city’, Saudi Arabia is about to show the world that part and all the other nations will need to show that they can keep up and with their debts sized the way they are that will be the hardest issues for them and the US knows it has a large problem keeping up, as does the EU, they never thought that they would require to meet wits with Saudi Arabia, they never thought it was ever going to happen, as such they were not ready. Iran is banking on it, in the end I wonder which of the two elements will be the strongest, I’ll let you figure out what I mean.

i believe that by 2035 the global technological will be redrawn, it will be a map that the EU and the US will not be happy about. The Wall Street Journal gave a nice presentation 4 days ago with ‘U.S. Government Is Tripping Over Itself in Race to Dominate 5G Technology‘ and ever as we see sources stating: “U.S. officials say the country is in position to reap those benefits”, we merely need to see SDXCentral giving us: “AT&T is tempering expectations for its forthcoming 5G network riding on sub-6 GHz spectrum. While AT&T says it was the first wireless operator to demonstrate 1 Gb/s and later 2 Gb/s speeds on a commercial 5G network running on millimeter wave (mmWave) spectrum, it’s not making any grand projections for a speed improvement on its forthcoming 5G network running on the lower spectrum bands” (at https://www.sdxcentral.com/articles/news/att-down-on-low-band-5g-speed/2019/11/) to see that they are all running for the advertised word and there is a large hiatus between the ‘advertised word‘ and ‘achieved technology‘, that difference was seen at the end of October as Reuters gave us: ‘Trump says U.S. will cooperate with ‘like-minded’ nations on 5G networks‘, everybody on the US sided mind is trying to fix the backlog that they have against Huawei and some of them have a huge backlog, when we see “Trump has held numerous calls with foreign leaders, including British Prime Minister Johnson in August, to urge them not to let Huawei use 5G networks“, yet at by the time have we seen ANY EVIDENCE that there is a national interest failure on Huawei hardware? America hopes that it has taken the hardware drive and fixed its own economy (and the mere fact that we will not ask questions), yet Saudi Arabia already has ties to Huawei giving Saudi Arabia the option to pull ahead and make the monthly gap larger on a daily basis. The difference is that intense. There is more and more evidence to see that the EU is not going the way of the US and that will give them an advantage on the hardware range, yet they still have all the other old hardware to deal with. They could face two issues, let’s not forget that Riyadh faces that too, but if Neom City shows the benefit to a newly constructed fast internet city, what we saw in the UK 5G image, that path will be faster seen in Neom city, merely because the change is pushed from the beginning and not after the fact (as most technologies are).

The ‘what 5G is about‘ shows what 5G could do and in many nations we see part of this appear over time, yet in case of Neom city, with a 5G focus it will come all at once, it will give Arabian software Engineers a larger playing field and a playing field on rolling out some of those solutions anywhere else in the world. It is a path that we seemingly forgot about and we have seen this path a few times from Japan and the US, just the idea that Saudi Arabia will be able to focus on it was never in the sight of any of them and it is scaring them, Neom City has become that scary to both the US and the EU (well and Japan too). They have all been in the mind for well over 5 years that they see it first in Japan and later on it will be rolled out to the rest of the world. Now that setting changes those in charge are afraid, they have no ties to Saudi Arabia and no ways to make them.

Fear will be the key that the US and the EU will employ to set issues straight, and stopping Neom City to a much larger extent will be their focus, which gets us back to the quote we saw: “the effort failed miserably“, There was as I see it a much larger need to keep it out of the media, the people just never got to see all the elements that were clearly visible in 2018 when initial view of Neom City was given. I saw the first parts in May 2nd 2018 when I gave “the attached Burton presentation ‘Opportunities in Saudi Arabia – Vision 2030 and Beyond‘ spends two slides on it and the most important part shown is “Vision 2030 calls for 50 percent of military equipment purchases from domestic suppliers instead of imports“” a presentation by Edward Burton, President and CEO, U.S.-Saudi Arabian Business Council from June 2017. (at https://lawlordtobe.com/2018/05/02/are-there-versions-of-truth/) in the article ‘Are there versions of truth‘ I had not realised all the elements at that point (why should I?) yet I saw that Vision 2030 would be a bigger issue yet the larger impact would be visible beyond “90 executives from both countries to sign new trade and investment agreements worth $350 billion” the fact that in these 90 we would see “Lockheed Martin ● Honeywell ● JPMorgan Chase ● The Dow Chemical Company ● ExxonMobil ● Jacobs Engineering ● Baker Hughes ● McDermott International” was clear, the fact that Jacobs Engineering Group Inc. (Steven J. Demetriou) was involved was a clear indicator of that. I believed that whatever think-tank Edward Burton responded to was seeing ‘roadmap for economic development‘ and ‘Identifies general directions, policies‘ and optionally ‘CEDA established new operating models‘ and realised that this went way past the Council of Economic and Development Affairs (Saudi Arabia) there was an actual global impact. This setting has merely taken an accelerated view, especially in regards to Huawei, there is a much larger setting and we will soon see that the impact is global.

Darn! I was not the first to notice!

Even as we realise that the Council of Economic and Development Affairs was created in 2015, there is a larger stance where Saudi Arabia has found the flex point where they will become a global player, that is why Iran is scared, that is why other parties are about to play diminished roles and they are all afraid, their status quo is about to be removed.

 

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