This is a worrying moment, not just for me, but for everyone around, it should be a moment to worry. I am not talking about the Greeks (they have been extinct before), or FIFA (others are on the ball now). No it is a little more serious at present. You see last night rebels shot a scud at Saudi Arabia, which now ups the ante for all players and all allies involved. So as we see the BBC News (at http://m.bbc.com/news/world-middle-east-33033842), we also see “In a separate development, the Houthi’s have agreed to attend peace talks in Geneva“, which might be redundant now as a Scud has been fired. We can look at all the fact on how inaccurate these missiles are, but the straight complication is not just that a missile was fired, the question becomes what else do these Houthi’s have access to and at some point, We tend to get confused on what matters, I am not stating that certain elements do not matter (like humanitarian aid), but in the light of escalations, humanitarian aid seems to take a backdrop to it all. The issue of escalation will take another turn when Saudi would be forced to act in protection of its citizens. There are a few options and one of them could be the temporary annexation of Yemen as the House of Saud, in allegiance of deposed president Abdrabbuh Mansour Hadi takes a ground offensive. At that point, whatever cries for help the Houthi’s then voice, they might not receive too much support. As we look at the humanitarian part, have the involved support groups taken a census of how many of these civilian are Houthis? In addition, when this escalated further, what will be the consequences for Oman? You see, it is not just the players that are an issue, with the growing allegiance of Al Qaeda in Yemen, with the growth of Islamic State, we will see additional escalation both within Yemen, towards Saudi Arabia as well as towards the direction of Oman. What path will be taken is hard for me to tell without better intelligence on the events (there is a limit to the information that the BBC has in its possession). Beyond that is another danger that is now brewing for Saudi Arabia. No matter how they feel regarding the actions against Yemen, it has an effect in the refugee camps in Jordan, Islamic State is more and more active in recruiting the youthful adults there, with over 630,000 refugees, there is every chance that Islamic State has growing numbers not in the hundreds, but in excess of a few thousand. The additional actions of ISIS in Egypt, gives worry on the dangers for Saudi Arabia. Whether scuds are the least accurate missiles or not, it will take one missile from Eritrea to hit close enough to Mecca to make this tinderbox explode. ISIS has never made a secret regarding the capture of Mecca, the question is would they be willing to destroy it? It is an actual question, I do not know the answer. But in the time that several ‘anti-ISIS’ parties were sitting on their hands, escalations are now likely to be all over the filed, which could give Saudi Arabia the premise that they could soon be under attack from more than one side. What do you think will happen then? So, as Yemen has upped the ante with a failed missile attack, we will soon see a different theatre of War. You might think that this is the same as every other attack, but it is not. Reasoning is the following quote from Reuters “Yemen’s dominant Houthi group and its army allies fired a Scud missile at Saudi Arabia“, it is the ‘army allies’, whether valid or not, this now implies that the combatant forces of Yemen are now part of this. I used the work imply for a reason. You see, there is no guarantee that this is truly the case, it could be a collection of sympathising defectors, but Saudi Arabia does not need to take this into consideration, do they? Will it get worse? Most likely yes, but in all honesty, I expected these troops to make more active hostilities against Israel instead of escalating towards Saudi Arabia now. This thought was partially shaped by the incursions and the maintaining of presence of Islamic State in Sinai, with options towards Saudi Arabia, the Islamic State corridor becomes an economic worry for several players, least of all Israel. One source gave me “Muslim Brotherhood also offered to facilitate the entry of ISIS elements to the Egyptian territory, through the western and southern borders of Egypt, in return of ISIS helping Muslim Brotherhood to reach power again in Egypt till they control all country’s joints” I think it goes further than that, I think that there is a growing group of more radicalised members of the Muslim Brotherhood, joining the Islamic State in Sinai and from there move towards Israel and likely (based on the latest information) act against Saudi Arabia too. There is not enough evidence on how likely and how strong these actions would be, but this implies that Saudi Arabia is at least in indirect danger here, this means that Saudi Arabia has to connect with three sides. This also means that the escalations against the Islamic State members in Yemen would require a much harsher turn soon enough. The question will soon become one that America and its NATO allies must answer in more than one way. How much support will their ally Saudi Arabia receive, how much non-interference will be gained from the alliance as humanitarian aid in Yemen could be regarded as politically inconvenient. The only bright spot is that most Islamic State fighters tend to be extremely ad-hoc, so if one of them decides to make a name for himself in Israel, the Israeli air force might be forced to cut down the lifespan of Islamic State in Sinai, a chance that is not that high, whatever attacks Israel is more likely to come from Jordan, especially any attack on Eilat, which will cause other reasons of escalations all over the board. From here we must look at a BBC quote from last March. The quote is “Beyond Yemen, the Sanaa bombings underscore how the American strategy against Islamic State is lacking. The US is not degrading IS fast enough to stop its expansion, and it does not appear to have a plan for confronting IS branches in Sinai, Libya, West Africa, and now Yemen”, there are two problems with the quote. The first one is setting the quote like it should all be the US, or even about the US. This is not the case (only the premise), you see, Sinai is Egyptian turf and Egypt is not making headway here, for Sinai there is an additional complication that it cannot push its army into Sinai, because of the peace accord, which means that Islamic State can move all over buffer zone C, as long as they stay mostly out of sight. In Libya there are additional factors and Jordan is a sovereign state who is working together with the US, yet Islamic State remains a factor here. The biggest worry is that it will grow too large within the refugee community, which would escalate in many way that could cause a slaughter of many thousands of people at the drop of the wrong hat. At that point, the US will not have anywhere near the presence to act, and most likely neither will the Jordan forces. This gives us a map that becomes complicated. With Sheikh Omar Hadeed Brigade making new rocket attacks on Israel from Gaza, we must also question who is in control there, because if these attacks continue, Israel would be forced to escalate even further, especially since Ashdod was hit in a missile attack. This is where we get the issue with the quote “scuds are the least accurate missiles“, it only takes one hit for this tinderbox to be in flames and as such, we should be careful on relying on ANY peace talks at present. In my view Islamic state sees it as a weakness and whatever they do there is only to give time to prepare the next assault. So as there is a chance that both Israel and Saudi Arabia will find the risks too unacceptable and we will see how both Yemen and Gaza will fall under increased air attack. Whatever happens next will also determine how the playing parties will deal with the threats they face. In all this the greatest threat is towards the innocent refugees in Jordan as they are very likely to be in the middle of two factions, who do not care about these ‘refugees’, in all this we must face the dangers to both an Israeli and a Saudi Arabia escalation. In all this, I will not point at the US, here I point at the other NATO players who should have become active long ago, but political pressures stopped several actions. If NATO had acted stronger in the very beginning, Islamic State might not have had the support it ended up having. In May 2014, Daveed Gartenstein-Ross stated the following: “Though NATO did its job extraordinarily well, an intervention whose main purpose was saving lives may have ended up claiming more lives than it preserved; and the war certainly helped jihadist groups who are hostile to the United States and its allies while setting back U.S. regional interests“, I think that this is at the heart of a few events. The political elements who remained on the side of caution have inadvertently given strength to the situation that is now escalating. They are not the only factor, but they are a factor. That same reluctance in Syria is now cause for major problems and escalations. It is hard to see whether it would have worked out in Syria, especially with Russia in the opposing way, but we see now that there are a few more escalation on the map, escalations that would not have been there if the Syrian situation had been resolved a long time ago (no matter in which direction it was resolved). The last one is a personal view and personal assessment, which could of course be wrong. Now we get to the quote by Daveed Gartenstein-Ross. The quote was given a year ago, but the connection to now is clear when we consider the quote “He said the meeting would involve ‘consultations on implementing resolution 2216,’ which the Security Council passed in April, imposing an arms embargo on the Houthi rebels and demanded they relinquish seized territory”, which we get from the Guardian (at http://www.theguardian.com/world/2015/jun/06/dozens-killed-in-yemen-saudi-border-raids-as-peace-talks-momentum-gathers) this sounds nice in theory, but since when has Islamic State taken any notice of an arms embargo? Or taken any notice of the Security Council in any way shape or form? These ‘talks’ which basically delays definitive action will have a similar effect, no matter what the Council states, if even one missile hits a target with casualties, the Saudi air force will respond harshly and talks will break down almost immediately. So will Yemen escalate out of proportions? I reckon that answer is less than a week away, but no matter in which direction it goes, if even one of the neighbouring parties takes any action, escalations might not be impossible to stop and what happens after that will cause a Middle Eastern escalation unlike one we have seen before, as it is entirely possible that Iran will get involved undoing loads of talks in mere hours. The question becomes, who makes the first mistake here? A mistake with dire consequences for all players involved.
Tag Archives: BBC
Losing Blatter control
I initially dreaded today, not just because I had heard earlier that FIFA will get a few more years of bladder control, but because of the news waves that would come after. The first one that came to view was the Guardian (of course). So this is what the Guardian had to say: “The re-elected FIFA president, Sepp Blatter, has said he was “shocked” at the way US authorities targeted football’s world body and slammed what he called a “hate” campaign by Europe’s football leaders“.
Dear Mr. Blatter, are you (allegedly) insane? This is not a little get together, this is a structural failing of an organisation, where over 150 million went to personal gains. All this whilst you were in control! I suggest you wake up and consider the fact that possible events calling for criminal negligence with Sepp Blatter in the next indictment has not been ruled out yet! As for the statement “arrests were timed to interfere with Zurich congress” could be regarded as misdirection, when you send in the ferrets, you send them into the hole when all the rabbits are together!
Let’s re-attach the original indictment: fifa-indictment-webb-etal
Then we see the comment: “The FIFA president condemned comments made by US officials including the attorney general, Loretta Lynch, who said corruption in football was “rampant, systemic and deep-rooted, both abroad and here in the United States”” Is that the fact Mr Blatter? The indictment specifies 13 criminal schemes, so if you want to condemn anything, it should be your choice of organisation and your inability to prevent any of this. The articles have not even looked at the implications on the overturned appeal to release Michael Garcia’s original full report. Consider the votes who blocked this and the people who are now indicted for corruption. How many influence was there?
Consider the appeal response by FIFA (at FIFA.com) “The FIFA Appeal Committee, chaired by Larry Mussenden, has concluded that the appeal lodged by the chairman of the investigatory chamber, Michael J. Garcia, against the statement of the chairman of the adjudicatory chamber of the independent Ethics Committee, Hans-Joachim Eckert, is not admissible“, the people want to know what actually was found. So, in all this, with this much money involved the three top dogs: Larry Mussenden, Hans-Joachim Eckert and Sepp Blatter. They are all in awe and shock that there was corruption? I mentioned it yesterday Andrew Jennings with ‘The Beautiful Bung: Corruption and the World Cup’, consider that this was 2006, we get two parts “A few days later we encountered Warner at Trinidad’s international airport and tried again to ask him about his ticket rackets and the fact that he steers lucrative FIFA contracts to his two sons Daryll and Daryan. After the World Cup Andrew obtained two confidential Ernst & Young reports from FIFA sources revealing that Warner had illicitly obtained 5,400 ticket for Germany and sold them to package tour companies in Japan, Mexico and Britain” as well as “FIFA vice president Jack Warner makes threatening gestures to Andrew’s cameraman“. Now we see that the sons have been arrested, Jack Warner proclaims his innocence and now we see reports that in the statements from the sons that their father is mentioned as being involved.
I think that Mr Blatter needs to take a long hard look at his own indignation and consider what he will do next, because his legacy has been burned down, it happened on his watch. In my view he has no one to blame but himself. Not because this unfolds now, but because there has been a decade of clear indications that things were amiss and no corrective steps had been made (as far as I can tell).
So when we see the Guardian part where we see the Defence of Blatter, which is shown at “But Blatter also appeared to discount his own responsibility for the scandal. “We can’t constantly supervise everyone in football,” he insisted. “You can’t just ask people to behave ethically just like that.”“, is that so? So, when we see the events from 2006 onwards, what did you do Mr Blatter?
Now, before people start overreacting, or trivialising on how large FIFA is, let’s not forget that amongst the arrested people were Jeffrey Webb and Eugenio Figueredo, both Vice Presidents of FIFA, so the list takes us to one step from the very top, which gives additional weight to both the inactions from Sep Blatter as well as the overturned appeal from Michael Garcia. Not to mention the fear they NOW have as they are fighting extradition, it does not matter what rank you have in FIFA, once you are a member of the State Penal League, those ‘rich’ boys will end up becoming somebodies bitch, how will that feel?
A side fact to mention is that I talked to dozens of people today regarding the FIFA corruption, not one person, I say again, not one person was surprised. So Mr Blatter, how truly undignified can you be, when there is almost a decade of presented evidence, as well as the press coverage over the years. It seems that in my humble view, Mr. Blatter should currently be presented with an Oscar for best theatrics, 2015!
Now let’s take a look at the part that matters, not just the press, not the ‘opinions’ from people (or from me for that matter), let’s look at the allegations in the indictment.
The enterprise is set as FIFA. It only has a written Code of Ethics in October 2004, revised in 2006 and 2009, it states that ‘that soccer officials were prohibited from accepting bribes or cash gifts and from otherwise abusing their positions for personal gain‘. On page 32 we see: ‘The Initial Corruption of the Enterprise’, here we see “WARNER worked closely thereafter with Co-Conspirator #1, whose fortunes rose with WARNER’s and who was appointed to be WARNER’s general secretary at CONCACAF. Following his appointment, Co-Conspirator #1 transferred CONCACAF’s administrative headquarters to New York, New York. WARNER established the president’s office in his home country of Trinidad and Tobago“, in addition we see “the defendant JACK WARNER established and controlled numerous bank accounts and corporate entities in which he mingled his personal assets and those of CONCACAF, CFU, and TTFF. Beginning in the early 1990s, WARNER, often with the assistance of Co-Conspirator #1, began to leverage his influence and exploit his official positions for personal gain. Among other things, WARNER began to solicit and accept bribes in connection with his official duties, including the selection of the host nation for the World Cups held in 1998 and 2010, which he participated in as a member of the FIFA executive committee“. Even though we can all understand that these people are making a nice amount of coinage. The growth in real estate by ‘family members‘ should have spurted questions on a few levels. the fact that the indictment states “with money drawn from an account held in the name of a soccer facility that was ostensibly affiliated with CONCACAF and was supported in part through FAP funds” gives voice to additional questions on how the books were kept, who was keeping the books and how can a FIFA president remain ignorant of these situations as they are now being documented?
I keep on going back to the work of Andrew Jennings ‘The Beautiful Bung: Corruption and the World Cup’. You see, Jennings is an investigative reporter, he worked for the Sunday Times and BBC Radio 4. He is not some glossy wannabe on the Telegraph or on any Murdoch shouting-wannabe-outrageous press view. This man did a decent job, looked at the issues and this all is reasonably nothing compared to ‘FIFA’s Dirty Secrets’ (November 2010). These are several clear-cut allegations that should have been points of action into investigation and adaption of rules and regulations within FIFA, yet all indications are that nothing was done, which makes the position of Sep Blatter a lot more worrying. Now we get to the one defence Blatter gave that does make sense “At the end of my term I will be able to hand over a strong FIFA – one that is integrated and will have enough safeguards to not need political interventions” (at http://www.bbc.com/news/world-europe-32925227). In my view, the only way to do this is to be open and strict investigative. So, that did not include, or should it have allowed for the statement “the way US authorities targeted football’s world body and slammed what he called a “hate” campaign by Europe’s football leaders“.
In my view Sep Blatter is off to a negatively rocky start.
Additional evidence for questions on how finances are managed. Even FIFA.com is massively unclear on all of it. It that not strange for a multi-billion dollar industry? The fact that there is one president and then there are committee members, no clear CFO, of head of Finances, at least not clearly stated on their website. That does not raise any questions? Something this widespread should have a clear list of names and functions, especially financial ones. So when you see the Governance part of FIFA and we see “According to article 69, paragraph 2 of the FIFA Statutes, FIFA’s revenue and expenditure “shall be managed so that they balance out over the financial period”. Furthermore, “FIFA’s major duties in the future shall be guaranteed through the creation of reserves”“, when we see that line and we should all wonder on how some of these operations are in play. Consider the representation (at http://www.martingrandjean.ch/data-visualization-the-fifa-budget-2015-2018/), I cannot attest to the accuracy of it all, but it shows something interesting. With 5 billion coming in and when we look at the massive amounts of projects in funds going out, whilst leaving 100 million in profit, now consider posts like ‘competitive management‘, ‘Football governance‘, ‘Human resources‘ so many involved projects, linked people and other elements, can we now see that Sep Blatter should have acted in many regards a lot sooner, especially when we see the allegations thrown at the members of governance of FIFA?
This graph might be debatable for the amounts, but what is clearly shown are the amount of venues linked in all this and I feel decently certain, that considering where the 500,000 dollar from the Football Federation Australia went. If that went to ‘a stadium upgrade in Trinidad and Tobago’, if so, where is the accounting? Apart from the payment calling in to all kinds of questions, there are logistic issues. Something this big, this complex requires accountants and oversight. Can anyone explain why we see a second Tesco evolve? If you think that this is an exaggeration, then consider the data visualisation and all those projects costing millions, some totalling hundreds of millions out of a cash flow of 5 billion. You still think I am exaggerating?
When you look at these ‘facts’, I state facts loosely, because the source and quality of the data visualisation cannot be validated/verified (even though the source ‘FIFA Financial Report 2013’ is mentioned). But overall it shows several paths and many of them are known entities, so when we ignore the amount except for the two elements adding to 5 billion, which are publicly known. Can you even imagine how weird and unacceptable the ignorance of Sep Blatter is, how totally out of place of is for a president of an organisation the size of FIFA?
I let you decide, but consider the stories we see, the information we are not seeing and how the FBI was the one acting at present. In addition, as I requoted the 500,000, which was according to sources for a ‘stadium upgrade in 2010’. The information I found was that it was to upgrade the Marvin Lee Stadium. In 2007, the Stadium became the first in the Caribbean to have an artificial playing surface, costing TT$8 million, which was made possible through a FIFA development grant. This comes to AU$ 1.6 million, or £824,000. So where did the 2.4 million TT$ go to in 2010? And why did a stadium needed that much for an upgrade? Interesting on http://stadiumdb.com/stadiums/tri/marvin_lee_stadium is the fact that we see there that renovations were made in 2007, there is no mention of the 2010 upgrade as was stated. I am certain that some upgrades were made, but for how much? In addition we see all the artificial turf, but who costs it and is it competitively costed (especially when it sets someone 1.6 million back)? I do not know the answer, I am asking, I wonder who else if any are asking these questions in plight of the corruption allegations as well as the arrests made.
There is one final part. It puzzles me, hence I mention it. Especially in light of what is now visibly passing. The indictment, criminal counts three and four involve two wire transfers totalling 13 million in name of CONMEBOL at Banco do Brasil in Asunción, Paraguay. In light of the financial hardship Paraguay has had, with the crises of 1995, reforms demanded by the IMF due to corruption, with the banks having a long time history of laundering. Why would FIFA act in such a naive way? It is a fact that the HQ of CONMEBOL is in Paraguay, so there is a valid reason for the transfer, In 2013 Chile had one of the 50 safest banks, and Paraguay does not get mentioned on that list at all. Even if we accept the validity of the bank transfer (which seems to be the case), but what happened to the money after that? You see, that becomes the question. In addition, we see that apart from the Australian ‘donation’ counts 10 and 11 where additional donations went to the CFU Trinidad. Again, it seems valid, but what happened after that? The indictment is now 11 days old. Any quality CFO could have gone public stating where the money had gone to, in effect blowing the entire indictment out of the water. The fact that we see that certain FIFA members are fighting the extradition, in addition to the fact that conference and election or not, clarity on several points could have been able to give (read: should) in matters of hours give added question to what is going on.
My issue is not the ‘what next’ part, it is the ‘what did they not yet find’ part.
You see the indictments are on the transfers and payments, in the first degree. we see over time that CFU got two payments of a little over half a million, which should not be a blip on a 5 billion dollar radar, but for the indictment, it is, so what information is not shown at present (the trial will bring that out)? You see, are counts 10 and 11 a clear indication that they have certain evidence, or are these counts the crowbar to open up other issues, issues that could come up in ‘operational expenses and services‘ which the data visualisation sets at 990 million. I reckon that true digging into ‘building and maintenance’, ‘human resources’, ‘other’ and one element not even named could be the field where the FBI knows the issues are, the question now, does FIFA have a correct and precise account, if not, why not? If so then the comparison will leave a few highlighted fish, which will put Jeffrey Web in an uncertain location. The CFU will get into other waters as well as this is all British terrain (artificially grassed or not), the Serious Fraud Office (SFO) will soon get additional work, because they will now have their own investigation as well and as I see it, it will go a lot further than just a few banks.
FIFA might be all about the ball, but it seems that Sep Blatter has not been on it, not for a while now.
Is it all Greek to you?
Greece keeps on tracking the news in several UK papers and newscasts. Greece is big news in a few regards, but I will not go into that too deep. What should be known in this premise is that I still believe that Greece for the larger extent is playing a game, the fact that Greece is playing this game is because (as I agree), the downfall of Greece could topple Italy and France to a serious extent, which will hurt the United Kingdom to more than a minor extent (it would have been massively worse if the UK had the Euro) and it will debunk the premise of a united Europe in several ways.
Now let’s take a look at the news:
BBC (at http://www.bbc.com/news/world-europe-32790726) ‘Greek debt deal within next week, says Varoufakis‘, stated on May 19th, this gives us the oral deadline of no later than May 29th.
I, the Lawlordtobe.com (that’s me) stated on May 6th in the article ‘What’s the matter?‘ “You see, there we see May 1st an IMF interest loan payment (now due May 6th) and May 12th we see the part that 760 million is due. The part that was unknown to me is also the part that is not loudly voiced to EEC nations, because this knowledge will influence the voters (as I personally see it). You see, the missing part that is not voiced in many sources is the small fact that two T-bill batches mature, the first one on May 8th and the second one on May 15th, each worth 1.4 billion“.
Now we know that the May 6th payment was done, but the May 12th payment could NOT be made, for this Greece used its own IMF emergency funds, this means that this is now due 30 days after May 12th. In addition, the amounts due in June is 1.5 billion initially towards the IMF, yet because the May payment was not made, that debt is raised by 50% and Now we see that 2.3 billion will be due before June 30th. In addition 5.2 billion in T-bills will mature, so how is that going to get paid for?
Alas, this is not all, even though payments are not due, the Greek debt ceiling has been raised (again) now giving to total debt ceiling at 80 billion, when we add the outstanding debt, this nation with 11 million people will be down almost half a trillion dollars! Now one fact that many are ignoring, this all amounts to an annual interest that is close to 22.5 billion a year, Greece cannot even raise 5% of that at present!
Let’s get back to the news!
The financial review gave us this news on May 19th (at http://www.afr.com/news/world/greece-wants-europes-bailout-fund-to-pay-maturing-bonds-20150518-gh4ljr), the headline ‘Greece wants Europe’s bailout fund to pay maturing bonds‘ gives you the rising nightmare that I was pushing towards for some time now! The quote “Greece has proposed to its international lenders that Europe’s bailout fund pay back maturing Greek government bonds held by the European Central Bank as a way to overcome a funding crunch, Finance Minister Yanis Varoufakis said on Monday“. It feels a little like going to that nice place in Amsterdam (with all those red lights), then after you had your fun, you ask the girl if she would be so kind enough to ask Mr. Eberhard van der Laan to front the bill (the current Mayor of Amsterdam). What do you think is going to happen next? Including May, through to August a total of 11 billion in Bonds will mature. So, how is this a good idea?
Syriza has, since it came to power, only made things worse for Greece. The Greek people might think that they are protected, yet as I see it, the only thing they achieved is to alienate its creditors, leaving them with no alternatives, for now let’s get back to the news!
Less than 20 minutes ago (whilst writing the draft), the Guardian got wind of a possible extension of 4 months (source: Helena Smith, the Guardian), which is likely today’s topic between Angela Merkel and Alexis Tsipras. Which now gives us more worry, because EVERY delay and every inaction from Syriza gives less and less chances for Greece. Yet from Reuters (at http://www.reuters.com/article/2015/05/21/us-eurozone-greece-schaeuble-idUSKBN0O61C220150521), we learn that there is no happy expectations at present. The quote “But Schäuble poured cold water on this idea, saying reports from the international institutions involved in negotiations with Athens suggested talks were progressing ‘very hesitantly’. ‘What I know from discussions with the three institutions does not back up the optimism arising from announcements from Athens,’ Schäuble said in an interview published on Thursday“, whether the latest news is more accurate is harder to see, because the ‘earlier’ news from the BBC amongst others see a game played where Varoufakis and Tsipras are in ‘managing bad news mode’ and overly optimistic, an approach already rejected by more than one participant and as I showed, the amounts due means that my prediction on May 6th (in the article What’s the matter? at https://lawlordtobe.com/2015/05/06/whats-the-matter/), where I stated “Why do I feel that I am the only one seeing this, or at least the only one clearly voicing this, because the UK elections, when the voters learn that Greece is about to desire up to 30 billion before the end of the year, so that it can pay the outstanding bills“.
Now we see that Greece is hoping on an 11 billion bonds bailout, a bailout deal of 7.2 billion and an additional bailout is already a certainty, the amount at present is however not stated (possibly unknown to the involved players) and up to August we see the need for 6.7 billion in payments to the ECB. In addition there would be interest payments too. My prediction of the needed 30 billion has been surpassed, yet no one else made clear mention of these required funds, especially the UK papers, as this would have opened the floodgates towards UKIP. How informed was the British voter allowed to be?
Back to the news!
When we consider the extension, we also see first voices. Now let’s take a clear look at what the European public is being offered and the shear insanity of it.
- “experts are saying after four months of seemingly stalled negotiations the gap-stop solution makes eminent sense – not least because it gives the leftist-led government enough time to either hold a referendum or call fresh elections, polls that the governing Syriza party would almost certainly win hands down”.
a. How will new elections solve anything?
b. Is Syriza wins again, then how will progress ever be made?
c. Setting up an election takes months, which means that in 4 months no achievement will be made, whilst the internal costs of new elections will be added to the debt. - “Both scenarios would allow Tsipras to deal with militants in his party and move to the centre stage offering clarity to a political landscape blighted by Syriza’s two seemingly incompatible aims: to ensure Greece stays in the euro zone while at the same time eradicating austerity”.
a. Is it possible that the militants Syriza were never the problem to begin with?
b. Staying in the Eurozone and eradicating austerity is as I see it a mathematical (and statistical) impossibility. It is only possible if all debts are forgiven, which should never be an allowed option!
c. Is it even possible to offer clarity to the current political landscape? The political landscape includes the people behind the banks and the bonds, which makes for very murky waters at best. - “This scenario makes sense because it would provide sufficient time for Greece to hold a referendum or election both of which would ease Syriza’s position,” said Kevin Featherstone, who heads the Hellenic Observatory at the London School of Economics, which basically reiterates the issues in point 1.
I cannot oppose Kevin Fatherstone academically as he is a professor and that title is not given out with boxes of Weetabix, but my logical insight in data opposes his view and a few others on intense levels. I have nothing against Greece and even less against the people of Greece, but why should we not hold politicians both present and past responsible and accountable for their acts? The current financial dilemma Greece faces should call for public scrutiny of what was done, which includes openly naming and shaming those who did this to the Greek people and in that regard, let’s all stop blaming ‘Ze Germans’!
But this view would not be complete without the two theatre plays that are also linked to this.
In one house we see Grexit, a Greek production with Director Tsipras and the supporting soundtrack by Varoufakis. You see, the emotional bytes from a Greek paramedic stating “We don’t have enough money to help people – we don’t have enough ambulances” is less than an appetizer, it is not even close to interesting, the issue is, how will the retired people of Greece buy water and bread? When the cash runs out, when people do not get paid and supermarkets cannot get paid, that will show the nightmare Greece is heading to in a very straight line, one that active non-posturing could have prevented in February 2015, Antonis Samaras was on that path, it was a painful path, no one will deny that, but the alternative we see now is about to get a lot harder and many times less humane! At http://www.bbc.com/news/world-europe-32332221 we see the bills due, most of it was a known part, now add to that the public sector wages of 2.2 billion. There is only one part that could offend me. The quote “For some economists, potentially the best option would be for Greece to pursue a ‘managed default’” is the one I cannot find peace with, you see, managed default means that it is a staged setting of non-payments. Yet in those situations, the banks, the causers of grief will get paid, the retirees are very likely to end with nothing, or perhaps a mere two drachma on the Euro deal. Now, I could be COMPLETELY wrong here. I do not know how a managed default would pan out, but in my view, the ‘for Greece‘ is not the same as ‘for the Greek people‘, the second one should take precedence no matter what, but that might just be me.
In the other house we see the upcoming production of Brexit, a split Farage/Cameron production in different halls. The production is in turmoil, because duo ‘Fat Cat’ and ‘Bully’ are taking notice of this production and they do not like either play. The newspapers have been mentioning these issues. Latest noise comes from Paul Kahn, the Airbus UK chief “the company would reconsider its position in the country if Britain left the EU“. Why, is my question at that point? These industrial settings were a reality before the Euro and as such, they should remain a reality after Brexit. Several banks (like HSBC) and other firms made similar noise, many of them reliant on people who would lose fortunes when the Euro debts would strangle the nations as the larger players try to remains relatively safe from the Greek collapsing fallout. I question (to some extent) the actual issues that are at play when a Brexit would follow. In my view, the strict regulation of Greece and its debts would have diminished that risk. The fact that the Status Quo game was played so long after it was not feasible is at the heart of all this. A certain group of people now feel that they are in danger as they kept on sucking on ‘the tits of plenty’. These people went for the breasts of milk and honey in perpetuity, whilst ANY mother can tell you that this is not possible, a mother must rest, regain strength and resources. With the minimum of common sense any man can tell that a mother will need these parts too, yet the economy is not a mother, it needs no rest, it needs no nourishment, it will continue ‘ad infinitum’, or does it?
So now we get news that is viewed as bully tactics from industrials and exploiters towards the UK, with the clear message ‘stay in the EEC or else!’ Now we have the issue at play, because Greece is the first of three elements that imply that staying in the EEC is no longer feasible. I personally believe that David Cameron is trying to push the referendum forward, not to get out of the EEC, but to stay in the EEC, because if National Front (France) does get the votes, they will move away on principle and then the British population will follow ‘en mass’! Which will only drive the power of Nigel Farage. This paragraph is again speculation, but I believe it to be the true path we all face.
Now for the final part of the speculation, again, it is like a virtual path in data, to get anything tangible is not an option. I do not move in the circles that these players move, so I have nothing but my instinctual view on data. You see, I mentioned them before. Yet, one piece I did find. It is at http://cib.natixis.com/DocReader/index.aspx?d=6159546E36436C53616F365A3346735064757A5239413D3D. (attached below)
Here we see what I predicted all along. It is nice to see confirmation on such a high level and they foresaw it before I did (but not by much). Their paper is dated 26th May 2014, almost exactly a year ago. The quote that gives it is “It is therefore unlikely that we will see the GUE/NGL group – which brings together leftist tendencies from socialism to radical anti-capitalism – form a block with representatives from the PVV, the UKIP or the National Front. At the right, the ‘soft’ Euro sceptics in the ECR find it difficult to agree with the ‘hard’ in the EFD, as the parties they represent are often opponents on the national political arenas (e.g. Tories vs. UKIP or PdL vs. Lega Nord)“.
This is exactly what almost happened and the danger has not gone away, it is actually increasing. Yet, if the UK referendum falls before the French elections, the chance of separation is much smaller. Which means that with the UK referendum no longer an issue, if National Front does win, Natixis will have time to rescale their assets. That is at the heart of the linked matter. Natixis has well over HALF A TRILLION Euro in assets. One French firm, 15 members of that board (including 4 women) yield a bat that is more formidable then David Cameron can bring to the table and these people stay OUT of the limelight. Headed by François Perol, together with the members Daniel Karyotis, Thierry Cahn, Alain Condaminas, Laurence Debroux, Alain Denizot, Michel Grass, Catherine Halberstadt, Anne Lalou, Bernard Oppetit, Stéphanie Paix, Henri Proglio, Philippe Sueur, Nicolas de Tavernost and Pierre Valentin represent the unspoken brilliance of the assets economy! They achieved without the economic power of the United States, what Alan Greenspan couldn’t achieve with the powers of the US Federal reserve behind him. Consider that in the game of Roulette the bank always wins, in this game the bank lost and Natixis bested both the odds and the bank, they just did not advertise it. Now we see that the worry of Natixis never left and the play is still moving towards what Natixis regards to be a radical anti-capitalistic unity. I for one am not opposed to capitalism, but they too must be held to a level of accountability, an aspect that they denied existence of and as such the situation has escalated to the point where we are at now.
So, if this is all Greek to you, then you are not alone. I am not an economist and I am also in doubt on the correctness of my view, yet my data expertise pushes me to these elements and so far my predictions have panned out correctly. Which means that Greece is at the centre of many events and driving additional other events. Nigel Farage has grown UKIP and as the economy deteriorates that power growth is only getting stronger, but for the next 55 months it is not an issue, the French Milestone of National Front is only 22 months away and that is a worry for Natixis, 22 months is not enough to resettle well over half a trillion euros, especially when none of the moveable markets would remain stable.
So behind Greece and its debt is a tsunami of economic turmoil, the Greek people might not realise that Greece is small compared to some other issues, but those other issues will not allow the Greeks to be the reason for the other domino stones to fall. As I see it Alexis Tsipras was nowhere near ready to play the game he played on the level it needed to be played at!
Is it still all Greek to you?
The insanity of Trolls
I have had my issues with many things, in some cases I was on one side where I lashed out at Yves Guillemot to some extent, not because he did something ‘wrong’ but as CEO, he is the main in charge, the buck stops at HIS desk! The fact remained (as I saw it) that an amazing concept like Assassins Creed got squandered in several ways. My criticism was always with a level of decency and it was always supported with evidence, evidence as I saw it. There were never any death threats, or threats against the person, because in the end, it is just a video game and I reckon Ubisoft broke its own glasses of profit, which is the jest of it.
Today I viewed the article ‘Joss Whedon Quits Twitter; James Gunn Responds‘ (at http://geeknation.com/joss-whedon-quits-twitter-james-gunn-responds/). I am slightly beyond outrage at this point. To illustrate this, we need to look at some of the achievements of Joss Whedon.
Buffy, seven seasons of amazing excellence, vampire movies were taken to a new level and Sarah Michelle ‘the Slayer’ Gellar would become the idol of many men and even more women. The series is still rerunning on many channels on a global scale and every now and then forums bump back alive the desire for a high resolution remastered Blu-ray edition.
Angel would become a first spinoff, not as successful, but still respected in the fantasy world. Whedon puts together a cast that rocks solid and it would herald the continuation of a lifelong career of David Boreanaz beyond Angel who is still going strong after almost 20 years.
Firefly is the result of creativity from creator Joss Whedon and the cast that would reunite in his projects again and again. Scrapped before its time, studios are still learning today what a stupid mistake they made, like Buffy re-runs of this series are ongoing and the fans remain loyal beyond measure. Nathan Filion and the Firefly caste are still the highly sought events in every Comic-Con, even now 12 years later.
Serenity is the movie that tied a lot together and should be regarded as an amazing gesture towards the Firefly fans (it was no box office hit)
Dollhouse is perhaps the least understood diamond in the crown of Joss Whedon. It was dropped by executives who seemed to have a limited brain capacity and no comprehension beyond mind controlled ‘sex-dolls’. Whedon shows here how technology unleashed could be the end of us and end many ways of life. What was likely to have been a 4 season gemstone showed a second season trying to fit it all so the fans had a decently complete picture. Amy Acker, Eliza Dushku, Dichen Lachman and Olivia Williams are the female titans each with a role to play, the male side with Harry Lennix, Tahmoh Penikett, Fran Kranz and later Alan Tudyk show us a story that is almost unparalleled in depth. It is a story with a ‘neuromancer ‘ difference, one that sounds almost plausible enough to be scary.
Joss Whedon was able to add ethical undertones to the story that makes this gem an absolute must.
Now we get to the first Avengers movie. It is the second true superhero comic (with multiple hero’s) that comes to life in many ways (after the X-men). The story was amazingly good (for a comic book) and the interaction was like seeing comic books actually coming to life, I saw it in the cinema and after that a dozen times on Blu-ray. Like in the comic books we see ego and strife taking part in the story on the big screen too. Like the comic books, we see events that are just too good to ever forget. Many people will forever see Loki who is playing Tom Hiddleston with virtual Mark Ruffalo, played by the Hulk who picks up Hiddleston and makes him ‘one’ with the concrete floor, the ‘puny human’ quote gave way to loud laughs in the cinema. It will remain a priceless gem forever! The Avengers showed to me and too many others that comic books can come to life (through special effects). We all agree that the cast (all of them) did an amazing job, but we all know that without the visionary view of Joss Whedon, this movie would never have been the success it became. It ended up being the third most successful movie ever (source: Box office Mojo), with only Titanic and Avatar surpassing the financial Avengers results.
Now we have Age of Ultron. Here we see the team growing through the same actors, the same visionary director, whilst adding the three Avengers we missed the first time around. The Maximoff’s (Quicksilver and Scarlet Witch), both excellently played by Aaron Taylor-Johnson and Elisabeth Olsen. It is hard to compare to the comic books, because the Avengers have been around so long. Missing is Ant-man (but he is coming in his own movie first), Wasp, Black Panther (another upcoming person in his own movie first) and Black Knight. There are so many more members as the team evolved from the 60’s onwards. The movie is an excellent piece of work, there are many sides and even though these movies survive by special effects, we are never visibly drowned in those special effects forsaking acting quality.
It is hard to judge whether two is better than one, important is that there is an evolving storyline as we see in the comics. Joss Whedon delivered!
So when I saw that Joss Whedon got hate mail and death threats, I could not believe my ears (or my eyes for that matter). You have to read the story for yourself, but overall, I massively disagree with James Gunn, not because of what he did, but because of the premise that he had to (which in itself is a good thing).
Joss Whedon is a visionary. He brought to life something millions of fans dreamed of seeing in their life time and my generation as such would be alive long enough to see it truly happen on the big screen. He did it with Avengers and does it again with Age of Ultron. I am 100% convinced that he would be able to surpass his previous work if he would be making the two Infinity Gauntlet movies, but that is not to be, it seems (according to IMDB) that this falls to Anthony Russo and Joe Russo, the people behind Captain America, the winter soldier. Or as we can voice it, that movie where Captain America gets slapped around by his former best friend. The movie is an excellent achievement and the subterfuge of Hydra is well portrayed by former Mr Brubaker (a Robert Redford reference). In all these movies, as well as her introduction when Iron Man is a little over his head dealing with Mickey Rourke is Scarlett Johansson who sets down a mean Black Widow. As I see it, she was, is and remains a very strong character. I do not get the hatred over any of this and as such, I very much opposed the words of James Gunn when he writes: “Anger makes us feel “right”. And powerful. But it also usually exacerbates whatever the underlying, more uncomfortable feeling is”.
I would to some degree accept these words, but I saw some of the tweets Joss Whedon received. (a few at https://storify.com/Astojap/wehdon-twitter-hate). The message “@josswhedon ALSO WHY THE FUCK DID YOU JUST PUSH ASIDE NATASHA? YOU COULD HAVE USED HER IN SO MANY GOOD WAYS AND INSTEAD YOU USED STARK“. As well as “@josswhedon I bet you like homestuck you fucking garbage asshole” and these are not even the worst tweets!
They seem to be written by people who are clueless in many ways, some perhaps frustrated and angry for other reasons. I do not care as to the why, I just think that no one needs to accept the abuse Joss Whedon was subjected to.
When I see the accusation of ‘Misogynistic’ and we see Buffy with Buffy and Faith, Dollhouse with Echo, Sierra and November, Firefly with Zoe, Inara and Kaylee. In serenity, we see River getting ‘enthusiastic’ which leads to the quote “Start with the part where Jayne gets knocked out by a 90-pound girl ’cause… I don’t think that’s ever getting old“. I am clueless how Joss is voiced as Misogynistic.
The hatred for Joss Whedon is not just unfounded, it is wrong in many ways. Joss has always given us strong women (not all evenly sane, like Faith in season 3 of Buffy, but that is not the issue). In Age of Ultron we see ‘Black Widow’ Johansson having a soft spot for Bruce Banner and why not (apart from the fact that I am a better dancer then Mark Ruffalo)? And as for soft love interest, when the action starts, she states ‘I love you, but I need the other guy’ and shoves her love interest over the edge of a cliff, and out comes the Hulk, an excellent moment to giggle over!
We should not ignore Elisabeth Olsen either, especially as all but one member of the Avengers get introduced to her ability to boggle their minds, which gets crushed when at the end, when we see the ‘real life’ (the non-Comic book version) view of what Scarlet Witch is able to do.
So, I do not see any valid opposition to the visionary work of Joss Whedon, I also oppose James Gunn, not because what he said and how well he said it (one of the more eloquent writings this year), but the fact that he had to do it. These trolls and hate mail senders are not using their right to free speech. These people are guilty of Psychic Assault (in Common law Australia, New Zealand, UK and Canada). In the US we see a similar situation, where California has California Penal Code 422 PC, where we see how it defines the crime of “criminal threats” (formerly known as terrorist threats).
A “criminal threat” is when you threaten to kill or physically harm someone and
that person is thereby placed in a state of reasonably sustained fear for his/her safety or for the safety of his/her immediate family, the threat is specific and unequivocal and
you communicate the threat verbally, in writing, or via an electronically transmitted device.
Criminal threats can be charged whether or not you have the ability to carry out the threat…and even if you don’t actually intend to execute the threat.
I think it is only fair that the FBI, arrests no less than 50-100 of these people and convict them accordingly. You see, what those ‘voicers’ seem to forget is that these movies are a massive slice of the tax collected, when people like Joss Whedon have had enough and they go somewhere else, then these people thinking in their own small minded self that they executed their ‘right” to free speech is costing the government millions. It seems only fair that they are taking to the district courts and are allowed to experience the consequences of their criminal behaviour.
In my view trolling has been going on for way too long, Anita Sarkeesian, Sara Payne, Claire Cohen, Nicki Minaj, Helen Skelton and now Joss Whedon joins the ranks of trolled people (mostly women mind you). In this list I must take time emphasize two names. The first one is Sara Payne, the mother of murdered schoolgirl Sarah Payne. Can you imagine this? A mother dealing with the murder and the funeral of her own daughter getting trolled! How sick can people get? In the second there is Helen Skelton she used to present the BBC children show Blue Peter. Yes, it seems that those relying on ‘free speech’ have done this for an unacceptable amount of time and it is now becoming more and more essential that trolls get introduced to the criminal courts in a very non-virtual way.
I reckon that true fans, now losing out on their idol speaking on Twitter will be an additional source of inspiration in finding out who those trolls really are.
The money kept rolling in
This is the thought I am having right now, the song from Evita, sung by Antonio ‘the desperado’ Banderas. It is happening now, hidden off the tracks and hidden in a mere 5 words in an article of 869 words. The words ‘the ECB raised the ceiling’ is heart here, just as Greece is about to forfeit, they get 2 billion. The ceiling raised and the rest gets to pay for the unacceptable behaviour of Syriza (at http://www.theguardian.com/world/2015/may/06/greek-debt-default-avoided-after-200m-payment-to-imf).
So as we see messages on deadlocks, why do we allow for this status quo to go on?
So consider the events for next week where when we consider “The International Monetary Fund confirmed it had received the repayment, allowing the debt-stricken country’s rescue package to remain in place until next week when another €750m is due to the Washington-based organisation“, so 2 billion frees up because a mere 10% of the new added debt ceiling has been received. How is this even conceivable? This does offer the thought that the new debt ceiling will cover the next 750M debt payment too?
Will we see theatrics as they make payment as Greece states how they were able to manage the payment? I wonder how that goes over with voting Britain today as they too will feel the additional payments towards Greece. It might be a mere 200 euro’s for every Greek, but it is not the first payment and this comes whilst Greece still has to mature 2.8 billion in T-bills. Where will that money come from?
An additional quote to consider is “many issues remained unresolved between Greece and its lenders, and agreement at next Monday’s meeting of Eurozone finance ministers was now not possible“, this came from Dutch Finance Minister Jeroen Dijsselbloem. It is all food for thought, just as you think that people grow brains, we get confronted with Syriza. Is it too offensive to phrase it that way? If you think so, then consider that no clear headway has been made since Alexis Tsipras was elected, they want concessions but are unwilling to make any steps in the ‘right’ direction. In addition, we see the quote “The Greek government had hoped to reach a deal that would have released €7.2bn in vital bailout funds, in exchange for economic reforms“, yet as clearly shown, the Greeks have not made one step into a clear direction of reforms, this all comes to blows soon enough when the money is released and we see additional non-steps of reform and a game of massive delays and referendums. So why are we enabling this game to continue?
There is also the other side of this, there is a disingenuous voice (as I see it) from Jeroen Dijsselbloem who said: “Since the last Euro group quite a bit of progress has been made“. If that is so, then there were true reform reports to feed the hungry Journalists, none of that happened! This all reeks again of a scenario of managed bad news, with a not so unlikely view that Greece will not give in and they still end up with 7.2 billion, another quester of payments until the true bailout of 30 billion will hit the EEC at large, but that will be AFTER the UK elections, the one behemoth in all this that is fed up with non-accountability and the dangers of UKIP is just too frightening to both the EEC and the ECB.
As Greek is now swayed by second World War hero Manolis Glezos, who is very much on the referendum horse, we see the quote “the government being coerced into an agreement that “exceeded the limits” of its own anti-austerity mandate“, which is fair enough, but then you do not get the 7.2 billion in funds and you are not entitled to the 2 billion debt ceiling raise, all elements of concession, whilst Greece is far too willing to let it all collapse.
In all this one view I have is most clear of all, when this collapses, whatever concession made since January 1st will fall to banks, banks alone and their bonus payments and their liquidity. It must not be allowed to charge its customers or any third party for their own failings! Guess what, this will never happen because the political branches need certain fat cats to provide their comfortable after-political life and we all know that bankers at large tend to be sore losers at best.
Now we get to the title, because what you read was a mere introduction.
These are to parts of the song. Even though the song is an implied artistic view, but is that the whole truth of it? It seems that more and more that the Greek officials listened to the song and thought it to be a good idea.
When the money keeps rolling in, you don’t ask how (We know, it was borrowed)
Think of all the people guaranteed a good time now (an imaginary situation as the money is now due)
Eva’s called the hungry to her, open up the doors
Never been a fund like the foundation Eva Peron (here it is Greece and the previous PM’s squandering)
And the money kept rolling out in all directions (when was a clear keeping of books requested)
To the poor, to the weak, to the destitute of all complexions (and made public to the Greek population?)
Now cynics claim a little of the cash has gone astray (which is exactly what was the point)
But that’s not the point my friends (that is the ‘excuse’ Goldman Sachs gave us)
When the money keeps rolling out you don’t keep books (again a Goldman Sachs proverb regarding the accuracy)
You can tell you’ve done well by the happy grateful looks (how happy are the Greeks now?)
Accountants only slow things down, figures get in the way (no, they are the reality of outstanding debt)
Never been a lady loved as much as Eva Peron (in this case Lady Fortuna)
All this now gets me to an old Myth, I forgot the details, but it was about Tyche (me thinks).
Tyche meets a kind beggar and she gives him the option of wealth, offering the beggar as many coins as he can carry, but with one rule, if any coin falls to the ground, all coins will turn to dust. The beggar asks for more and more and more, then Tyche states: ‘Be careful beggar, you are now a wealthy man, consider what you have’. He asks for more and he gets 3 more coins and one falls to the ground, the gold turns to dust and Tyche vanishes. The beggar looks at his empty lap contemplating greed.
This is how I see Greece at present, it wanted more and more, now it can no longer continue, yet in this case it is getting assistance in misrepresentation. That view is supported when we suddenly see a downgrade of economic growth from 2.5% to 0.5% and to keep themselves in the game (the supporters) a forecast for 2016 from 3.6% to 2.9%. I have an issue here as any forecast for Greece over 1% is nothing less than a small miracle. More important, if Greece cannot properly revive its tourism and to be honest, one of its biggest flocks were the Germans, we can safely say that they will not feel to welcome in Greece, so thanks Tsipras for screwing up that part of your economy too. (Was that too direct?)
Here we have the issues, Greece is getting ‘support’ from people who have their OWN agenda’s, none of those are beneficial to Greece and in all this the current ‘rulers’ will not clean up their act or make correct headway. I understand their part (the Greek side), I truly do, but the Greek people would have been served best under Antonis Samaras and with every concession Syriza makes, it shows how the Samaras solution had been the best all along. In addition Germans would have felt reasonably safe to go on vacation there and in addition there would be additional Germans considering a little retirement home. Most of that went out of the window when Syriza jumped on the WW2 horse.
Now time is a dangerous factor, whatever happens today will happen on the down-low, because any ammunition for UKIP will be the stuff of nightmares for both the EEC and the ECB! So we will see less outspoken news on Greece as it will change a hung parliament to an anti-EEC parliament. Which, by the way is still beneficial for the ECB as they can do whatever they like in regards to handing out unaccountable billions when they can use a Labour-Green coalition to waste even more resources, then what?
This is the nightmare I cannot predict, because the next wave will be detrimental to the health of Greece, Italy, the UK and France. This will come to blow next year because the push for National Front will be overwhelming, at this point the UK would have lost its options as parliament would have softly agreed on bills that will hinder the growth of the UK, a dangerous scenario I would never sign up for.
I hope the voting masses of the UK can agree on this dangerous part!
An exceptional pound of flesh
Two articles hit my eyes as I took a small break from my midterm exam. When you dig into the: who, what, when, where how and why of Patent Systems, your sanity prevails if you take a small break every 2-3 hours. It is just the only sane and safe way to avoid getting stuck on the same page.
The two articles were ‘Cuba seeks foreign investment as it shores up increased diplomatic ties‘ (at http://www.theguardian.com/world/2015/apr/10/cuba-seeks-foreign-investment-as-it-shores-up-increased-diplomatic-ties) and ‘Pound volatile amid general election uncertainty‘ (at http://www.theguardian.com/business/2015/apr/10/pound-volatile-amid-general-election-uncertainty), there is no real relationship in these matters, or is there?
First, let’s take the last part first as to get it all out of the way. The end gives us: “Investors were also positive on Greece’s payment of a €450m (£325m) debt to the International Monetary Fund on Thursday“. Why? Let’s not forget, this payment is nothing more than 1/3rd of a billion against outstanding HUNDREDS OF BILLIONS, so why are investors relieved? Greece has not presented any decent acceptable plan and the visit from Tsipras to Moscow to rattle some cages will count against him sooner rather than later. In addition I would like to call attention to the ‘altered’ view from Christine Lagarde as she mentioned “developed and emerging economies still suffering the after-effects of the 2008 crash must collaborate better to avoid an era of low growth”, which reads like a detour, an extra train stop on the track where the distance between recession of true growth seems to be increasing, not decreasing or remain stable. Apart from the fact that Greece only has 5 days left to present their plan (at http://www.bbc.com/news/business-32229793), the one part everyone simply ignores is that after they get the money, then what? If these newly elected officials will not push through and re-debate the issue again, the Eurozone is down another seven billion euro plus, then what? Will Greece become a vulture funds target? Will we see newly created carefully phrased denials on what will never be? That one part can be found in the quote “Without new money it will struggle to renew €2.4bn in treasury bonds due to mature in the middle of April, or pay back another €0.8B to the IMF on 12 May“, so consider that Greece might be unable to pay back 770 Million Euro on May 12th (decently likely scenario), what else can they no longer pay? Let’s not forget that the 12th of May payment makes up for 0.25% of the debt, the interest would be is a lot more than that, so how will any ‘investor’ choice pay out? Are you people awake now? So, I dealt with Greece! Now to the linked other parts!
You see, the link to England will become apparent soon enough, when we consider the quote “Analysts have warned that the pound could have further to fall as financial markets react to uncertainty created by the closest general election for more than 20 years” l, we have to wonder how reserved these analysts truly are, a stable growing economy is scaring them? I agree that the plans from Ed Miliband are decently ludicrous, bus in the end, if elected, he must do what is best for the nation (which means that he would have to vote for David Cameron, hawk! Hawk! Hawk!). In all seriousness though, a close call or not, there is something wrong with the statement Michael Hewson makes: “The pound has started to come under some pressure in recent days as the prospect of political gridlock“, whilst the market is positive as Greece pays back less than a percent of its debt, this whilst it is clear that Greece has no funds left. How is that dimensionality rational in any way, shape or form? That is, unless you take into account the part that the Guardian is not mentioning. If the market is truly worried on what happens when Nigel Farage comes out on top, or ends up with too much of a gain, then the united front that Farage and Le Penn would show, would truly be a concern to investors, because those two have had enough of the entire Eurozone issue on several levels and Greece only worsened their resolve (meaning that both are more eager to pursue the end of their EEC membership. a nightmare scenario for markets on a near global base.
Now, the markets also made the following ‘claim’: “Currency traders have also been unsettled by signs of weakness in Britain’s manufacturing sector. Production figures are due out on Friday morning“, this is fair enough, you see, manufacturing is an issue and it is not that strong in the UK or in many other places for that matter. Yet, two hours ago, the following was reported: “UK industrial output is weaker than expected: it edged up 0.1% in February, vs expectations of a 0.4% gain, while manufacturing met City forecasts with a 0.4% rise. Industrial production is the wider measure, which comprises manufacturing, mining and utilities“, so manufacturing met the expectations, so why the hesitation? I am not making any assumptions here, but I am wondering on how much certain markets assume that met expectations were supposed to be exceeded. Especially in a European mess that is still all over the place. It is almost like the markets will not tolerate any bad news, is this linked to some views on US bubbles (housing for one) that could burst before June 30th? This is a question, not an assumption or an implied issue. but the question should be asked in a very clear way and certain parties should answer it in very clear ways too, because at present, when you see some journalists report on economy, they quickly move all over the field, pretending to draw a picture, whilst the sketch we end up seeing is that of something we did not ask and it leaves many with too many questions. Did I oversimplify the matter again?
So now we get to the true path in all this, the link between the Pound and Cuba. Some might know them, some do not, but I remember the Cuban Fleet Freight Services (Cuflet). I reckon that looking into options with Cuba via Cuflet could spell good times for several players, if manufacturing options are found in emerging markets, why not see what offers could be made and found there. The Dutch could gain a headway by looking into the Bicycle market, engineering projects, the issue is clarity. When we consider the article ‘Navigating Complexity in foresight: Lessons from the UK future of Manufacturing Project‘ (at https://ec.europa.eu/jrc/sites/default/files/fta2014-t1practice_52.pdf), I personally am willing to get a few giggles from the futility that figure one shows (2008, Popper’s foresight Diamond). I do not disagree with the image of with the elements of creativity, interaction, evidence and expertise brings, but in the end Manufacturing is about what one has and the other one needs. So elements like Viability, opportunity, economy and shipping brings us the need for what can be manufactured, what could be sold and what is to be delivered. So when I read the conclusion on page 11, where we see “The high level of complexity of manufacturing systems and the diversity of forces acting on them make anticipating future configurations , challenges and opportunities particularly difficult. Manufacturing foresight needs to deal with multiple units of analyses, assimilate a variety of evidence at different levels of disaggregation from a variety of sources and integrate diverse stakeholder’s perspectives“. A view from academics from Cambridge as well the government office for science.
So let’s break that down in something we all can understand.
- Good business is where you find it. (Robocop, 1987), which gives us opportunity
- Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius — and a lot of courage to move in the opposite direction (Ernst F. Schumacher), which gives us a handle on complexity in regards to manufacturing systems (the reason to avoid complexity whenever possible).
- We have to choose between a global market driven only by calculations of short-term profit, and one which has a human face (Kofi Annan), which gets us to the economic side.
We have been so blinded looking at those who only seek short term maximised personal gain, that we forget the satisfaction that can be gotten from a long term goal where both sides make gains and interact with their economy in a profitable way, without denying the other party their goals. Here we see the option for both the UK and Cuba. It is not a given, it is not a guarantee, but an option, an opportunity to consider. It is the one side of Warren Buffett I do (partially) admire, he thinks long term (in case of Tesco, not long term enough), but overall the long term side will always pay off, which is the path we should walk, which is of course not the path that the bulk of hedge funds operators want us to consider and as too many listen to those people, we end up having a problem. So as we look at the pound of flesh that could give us a sterling reward, we tend to ignore that part for the fake glory of short term boosts. Yet, if we see Lidl and Aldi where we clearly see exactly that this longer term approach will keep them afloat, unlike their competitors, which is the issue at hand!
Because in the end, the conclusion quote from the academic article gives us the massive anchor that they did not properly dimensionalise ‘assimilate a variety of evidence at different levels of disaggregation from a variety of sources and integrate diverse stakeholders perspectives‘, too often the data presented from the view of the stakeholder cannot be trusted. Whether it is the weight applied to the source, the way the question was formulated and set into the data collective, or the methodology of analytics that was pursued afterwards. It was a painted view from a person with a goal and a presented image, that ‘presented’ image tends to colour all connected evidence, which gives us a view of many games as they are played, but in all this, we all make the same mistake, we compare presented results and statistical results, whilst the individual sources are often too unknown, which is truly a bad an unexceptional path to walk.
The Labour Manifesto
Ed Miliband presented his Manifesto Res Rei. In light of what we here in Australia laughingly refer to as ‘the Labour party’, it seemed like a good idea to take a closer look at the speech. The full speech can be seen here http://labourlist.org/2015/03/miliband-launches-labours-business-manifesto-full-speech-text/.
So let’s take a dip into the claims pool.
‘Playing by the rules and paying the taxes that support our public services’, Really Mr. Miliband? So how will you solve the issues involving Apple, Google, Amazon et al? What measures are currently in play, what measures did Labour in its previous governing term put into play. I say naught!
The second part is found soon thereafter ‘With a government that balances the books, invests in infrastructure and works with you to improve skills and open up more competitive markets‘. The Tories are trying to get the books balanced, which means austerity. Labour had a massive hand in giving the UK that debt, so we can offer that Labour has no ability to balance books and the investment that they talk about will drive the UK into deeper debt.
Then the story changes a little and Ed Miliband goes into waffle mode. We see ‘despite the odds‘, ‘too many obstacles‘, ‘the lack of certainty about the long term‘ and my favourite: ‘Our productivity gap is at its highest level for nearly a quarter of a century‘. That last one is full of fun, because what is it based on? Weighted numbers, a lack of insight or the added anchor of virtual corporations?
Now he gets to the promise: “So we’ll balance the books and cut the deficit every year“, yes, how will you do that by investing and balancing the books at the same time? The current debt spring is loaded, because the UK has to come up 23 billion every year to pay the interest of the current deficit, so good luck with that statement, you do remember that your predecessor was cause to a massive slide in debt Mr. Miliband?
‘The struggle to find the workforce they need‘, which sounds nice in theory, but many corporations hire young unexperienced people to get away with what some want to slide under that table, when we see the issue where Ross Etherson, who admitted 21 counts of making or supplying articles for use in fraud, cost the NHS more than £37,000, Isleworth Crown Court heard, we clearly see that there are other issues at play, when we take the info from the BBC at http://www.bbc.com/news/10604117, we see that unemployment has steadily dropped under the Tory government. Now, I will in all fairness state that labour was confronted with the 2008 problems, but that mess was not properly dealt with under labour either. The mess left from their debacle 1997-2010 is still getting cleaned up half a decade later.
Now we get to the fishy side of it all: ‘It is a partnership for a purpose. We will give you control of the money for apprenticeships and in exchange we will say that any firm that gets a major government contract will have to provide apprenticeships to the next generation‘. How is this even realistic? Giving control of the money means that all kinds of accounting irregularities are likely to surface, then what? And in regards to ‘major government contract‘ and ‘provide apprenticeships to the next generation‘, how is that not discrimination towards the current aging workforce? In addition, we see that there are situations where apprenticeships are not a solution in the first place, which is just the reality. Consider a new frigate that is getting build with 500 engineers and 10 apprentices on the job, how many delays and what security breaches could the new frigate face? So not apply this rule to all fields? That is just a mess waiting to explode in the faces of those proclaiming it to be a solution.
Then we get (after another wave of waffling by Ed Miliband) ‘the priority for business tax cuts‘, yes, that has always been a good idea, especially as Google and Apple seem to pay 0.1% in taxation. How about infrastructure? Ah, that is next, where we see: ‘That’s why we’ll follow the recommendation of Sir John Armitt and set up a new independent National Infrastructure Commission‘, yes, spending more money on something that will not prove to be a solution, whilst the UK is down a trillion, so at this point, after we saw tax cut and infrastructure and invest, let us remember the earlier promise “So we’ll balance the books and cut the deficit every year“, which I see as:
- No balancing the books
- Increasing, not decreasing the deficit.
Now we get to the ideological part, which Ed Miliband is of course entitled to: “There could be nothing worse for our country or for our great exporting businesses than playing political games with our membership of the EU“. that is partially true, yet as the EU is unable to muzzle Greece with their flim flam rock band approach of not dealing with their debt and whilst several players are now willing to push Greece into deeper debt, both the UK and Germany need to realise that Greece is getting their credit for nothing and their luxuries at the expense of the other EU nations. How long until it is just safer to let the rest of the EU drown in their inactions against Greece? Which by the way has every likelihood of pushing both Italy and France over their maximum debt threshold, which has massive implications for any member remaining within the EU, all because no one was willing or able to stop Greece?
Now we get back to part of the speech that is an issue ‘Two years of uncertainty in which businesses will not be able to plan for the future‘, how about the fact that most of Europe in a denied recession, due to massive debt dealing is not the way to get any level of certainty? In the Netherlands, unemployment is at 7.2%, In Belgium it is 8.5% and in France it is at 10.4%, so when we look at what business options there are in Europe, we will see a cold turkey that comes home to voluntarily roost in the oven at 190 degrees, because the crispy warmth is loads better than the cold outside, even if the turkey is about to get eaten in the process.
If there is ONE business plan, that that would be the one, where the UK gets by for now, trying to grow, but most importantly is reducing the debt it has, so it does not have to fork out +20 billion in interest to banks for money the Labour party had spent.
So as he goes on reminding us on ‘We need to be a country that rescues our NHS with more doctors and nurses‘, yes, we all remember the NHS 12 billion computer scheme, that did not go too well for all parties involved, perhaps listening to others would have helped the Labour party heaps, but that was in those days never an option, so why trust them now? so the phrase ‘Not what we have seen over the last five years where the NHS slides into crisis‘ is a little misplaced as it was Labour who did messed up 12 billion, an amount that could have kept loads of nurses into jobs and grown the NHS. It was not meant to be!
So when we see the following quote: ‘To carry on with a Conservative plan based on the idea that as long as the richest and most powerful succeed, everyone else will be OK, or a Labour plan, a better plan, that says it is only when working people succeed that Britain succeeds‘
We ought to consider another option. To cut drastically on medical services for those on drug and alcohol based events. These people only get treatment if they can pay in advance for treatment.
Let’s take on the binge drinking issue heads on!
Those who fail the first two parts are thrown into a drunk tank like in the old days. If they die, well that is just too bad, we can blame the parents, we can rejoice on a growing number of available housing (the deceased do not need them) and the nations has even more jobs available and the cost of the NHS goes down.
Now, it will be fair if you disagree with me on this and I admit that this step is hugely inhumane, but consider: these people cost the society 21 billion on an annual base, which includes the 3.5 billion to the NHS. To protect the victims of their crime and violence, they will be remanded into prisons/work houses. So, you see, production will be better off if we change that workforce too!
Yes, I agree it is inhumane, but why must the people at large suffer for those who think that the rules do not apply to them? I have no issue with these people receiving treatment, however, if you are so willing to binge yourself for £39-£69, you can either fork out the £78 for treatment, or sleep it of in a drunk tank, either way, we reduce spending on NHS, which helps towards the actual spending balance Labour is actively ignoring.
So as I ended the look at the Speech of Ed Miliband, I must conclude that it reads political and in addition, decently devoid of realism. Which is a shame, because UK Business is in dire need of realism, which means the solution will come from somewhere else.
Which now gets us to part two of this event. It seems that Nicola Sturgeon is all about getting Labour into No10. It sounds nice, but how is the Scottish National Party any help there? Now, it is fair that they feel a lot more comfortable with their future if Labour is in charge. It is a valid call to make and it is theirs to make it to begin with. Yet, we must not forget the issues that Scotland is already short 11% on their budgets and with oil prices the way they are, their independent future is a lot less certain. This is a shame and I mean that. I was all in favour of Scotland attracting all kinds of Businesses from all over the Commonwealth to grow their economic footprint. I am still reasonably certain that Indian generic medication could grow all over Europe if they have a foothold in Scotland, which allows easy access to places all over Europe. With Oil being a problem and not a solution, other fields must be tackled to grow Scottish interest and the Labour party is nowhere near able to help Scotland there. If we revisit the issue of balancing the books, it will take less than 6 months for Ed Miliband to find way to move business out of Scotland, just to make his side look better, I wonder if Nicola Sturgeon is realising the trap she is setting herself up for.
So if we look at the Guardian article, which is less than 24 hours old, we see ‘Scotland’s SNP revolution terrifies the main parties’ (at http://www.theguardian.com/commentisfree/2015/apr/05/scotland-snp-revolution-terrifies-main-parties), which is an interesting light to see after the Labour-SNP link. There is one debatable quote that caught my eyes was: “Underpinning these analyses is a barely concealed narrative of contempt, which says they will all come to their senses when they realise there will be no land of milk and honey in a Scotland under the absolute control of the SNP“, this is fair enough, but I do not think that this is due to the SNP, I firmly believe that independence too late saved Scotland, if Scotland had been independent whilst the oil prices went into the basement, the damage would have been unimaginable. I remain in faith that growing business in England and Scotland is the only solution, it will be important for both (mostly Scotland) to look at fields they had not considered before. The Indian generic medicine growth is only one branch. The open remoteness (hence securable locations) Scotland has to offer, could spell interesting times for any manufacturing option that does not require the pressure of London, with added benefit of the lower costs that Scotland brings. Consider the Ferry from Scotland to the Netherlands, opening additional paths of revenue. Scotland can grow options, it is just the question whether the Labour party is truly a solution here.
So as we all get to ponder the choices the voters face for England and Scotland, I do hope that they will all look seriously at these flimsy speeches that rattle on all sides. This applies to all parties, not just Labour!
Chicks for free
Yup, that is the name of the game, how to get your chicks for free. You can go towards the end seeing what you can pick up from the free handing from the tray that serves the drinks and babes, but the song is not that simple, you see The Dire Strait sang: “Get your money for nothin’ get your chicks for free“. The song refers to doing things for fun, when it is fun, at times it feels like you are not working at all.
In my view the expression has evolved. As I see it, ‘money for nothing‘ is more and more about value for money. Deals that are too good to pass up. Here we now get to the issue at hand. We look at players like Apple (with their iPhone), Google (with their Nexus) and several other players like Nokia, Microsoft, Samsung, LG and a few others, yet the one player many ignored, namely Huawei did what others would not in their iterative field of exploitation. They decided to give the people value for money, not some half-baked offer, but the power offer that the models P7 and Mate7 are bringing. The P7 priced at almost 50% of the old models of most is more than a contender, in addition, the Mate7 offers a massively stronger device than the new models from Samsung, Apple, LG or Nokia can offer, hundreds of dollars cheaper. So now we get to the BBC article (at http://www.bbc.com/news/business-32126628). So the quote “The world’s second biggest telecoms equipment maker said its net profit was 27.9bn yuan ($4.5bn; £3bn), up from 21bn yuan in 2013” is not all about mobile phones, but Huawei is now quickly showing to be the number one choice for consumers and students (consumers, usually lacking in funds) alike. It seems to me that even though there is a decent group with funds that is all about value for money and that group has been ignored by the providers at large, which means that Huawei is now sweeping the nations on a global level. There are two parts in the story, which become a concern.
The first one is “Huawei’s growth comes despite it facing challenges in several major economies. In the US, it was branded a national security threat by legislators, because of its alleged close ties with the Chinese government“. There is no clarity on how precise this quote is (the next one will touch on this). So, if the statement is true, how about OOCL (containers) and Evergreen (Taiwan containers). Are they a security threat? I think it goes further, as some players were sitting on their hands, Huawei has been growing the business globally, now they are ready to get into bed with ‘facilitators’ in a very wide area of business. If we look at the Huawei Tecal servers we see a device that goes beyond simple needs. Its citrix compatibility gives a first view that soon Huawei will be the number one choice for new SaaS solutions, mobile providers of consultancy but from a cloud environment, meaning that these new engineers will be global. They are not ready for the next part yet, the issue is not just the data; it is about the transit mode of data for Huawei. They are now one step away from nibbling at the feet of Cisco. Cisco is comfortable for now, but that could soon change. You see, in 2012 Huawei was not ready for any of it, but they remained quiet for 2 years whilst their consumer market grew, now within a year, if their router solutions are decently shielded, they can move forward.
Now we get the second quote: “Meanwhile, it has been banned from being involved in broadband projects in Australia over espionage fears“. Really? So American solutions are not any kind of espionage fear? I am not judging, it seems to me that either our personal data goes to America or China. The article does not seem to elaborate on this part. This we see in the final quote of the article: “However, the company said it was well positioned to capture business opportunities with heavy investment in innovative areas such as cloud computing and fifth generation (5G) mobile technology“. Personally, I do not think that 5G is anywhere near an option for providers of mobile networking at present in any affordable kind of way, but the cloud is another matter. Whatever next part will be used to get business growing and moving forward will require the cloud. Yet, as I saw it for the last two years, security is just not good enough, not from any provider. That part can be seen in this place: http://2015itss.ucdavis.edu/event/the-weak-link-in-cloud-security-2/, here we see the following: “This session will illustrate and demonstrate that the very collaborative nature of SaaS (Software as a Service), such as Box or Google Apps, may also be their weakness. When organizations adopt cloud applications, users must take care to ensure that the organization’s sensitive cloud data does not end up in the wrong hands“. This is at the core of one of several issues. SaaS is only one part. The adoption and implementation is at the centre of a cloud that could be the fog that keeps us all blind as we lose data towards whatever provider of consultancy requirements were miscommunicated too. What a weak data web we weave for ourselves!
This event in June 2015 shows several more issues that we all in business need to consider as we are at times decently in the dark of that what must happen and that what needed to be done. The reality is that Huawei is not even a factor here, this all becomes an issue in any implementation. So why is there no clearer broadband issue? Is there truly a Chinese espionage fear, or are some players too dependent on whatever solution SaaS offers and in this stride, data leakage will be an issue from day one, whether the owner of the solution is Chinese or other. What is without a doubt is that Huawei is making massive strides, they are doing it in places where they were not a consideration 6 months ago! So what is wrong with the picture I am showing you?
I am not showing you any picture, but I am implying that the other big players (all American) are currently losing out on business, on revenue and on profit.
I wonder how the Dow will take it!
Lawrence van Rijn - Law Lord to be 