Tag Archives: Bernie Sanders

The rocky road of Congress

There are issues all over the Middle East, and whilst saying that, we see that the UK and the US are now ‘caught’ with their fingers in the big pork pie.

The setting is best seen when we start with the Israeli Haaretz. The article (at https://www.haaretz.com/middle-east-news/top-three-stunning-admissions-from-the-top-u-s-general-in-the-region-1.5910066) gives an initial view.

The title ‘Iran, Syria and Saudi Arabia: Top Three Stunning Admissions from the Top U.S. General in the Middle East‘ sets the pace to the smallest degree and sets the topics to a much larger degree. So let’s take a look.

  1. Assad has won
  2. Iran deal should stand
  3. Saudis use American weapons without accountability in Yemen

Each of these three settings are partially a given. In the first we see that as Lt. Col. Dmitry Utkin has been successful in setting the pace and the plays that are about to follow. Yevgeny Prigozhin, who is linked in all this gives the push for Concord Management and Consulting as well as its subsidiary LLC Megaline, a large push for optional multi-billion dollar contracts. It is yet unconfirmed what exactly will happen, but the setting of the end of the Syrian war will have long lasting repercussions in the Middle East. It is also the first setting where there is a very clear indication that the influence of the US is declining. It will quite literally need to cater to the needs of Saudi Arabia for a much longer time to undo the damage that inaction has brought to the US. So whilst the world is getting torpedoed by news, fake news and gossip regarding to the US and the Internet Research Agency (IRA), there are more and more indications that LLC Megaline is moving beneath the radar to start setting up their infrastructures to grow close to 500% and become the construction facilitator primarily for Syria and after that who knows. Let’s not forget that the $500 billion required for NOAM will go a lot further than Saudi Arabia by its self can currently facilitate for. So as America has been making gruesome steps towards optionally fumbling the collaboration it had created and grown over 75 years. As we were treated earlier this week (at http://thehill.com/opinion/national-security/378132-us-must-push-saudi-arabia-away-from-the-chinese-model-of-governance), so when we see “The widespread concerns are that Saudi Arabia simply won’t meet the stated targets set by Vision 2030. Facing a demographic tidal wave — nearly 45 percent of the population is under the age of 25 — Saudi Arabia needs to generate millions of new jobs to absorb a growing workforce it can no longer afford to subsidize through generous government handouts“, that whilst the US has been unable to even closely set its own agenda for, at times, no more than a quarter in advance at each stage and ending up missing their own forecasts by a lot, we see here that the vision that requires another 12 years is already set to fail, according to the Hill. Now, there is a clear setting that things have to change and there are changes coming, there are even more optional changes in the works as the EU has been playing the wrong settings to cater to the wrong people, in addition, the stress settings between Turkey and several European nations are now impacting a little wider than before. You might see this as separate and as acts they are, but the impact is much wider. France is getting less and less obliging towards Turkey in regards to the Afrin offensive, and the Turks are also getting less and less warm receptions from the Netherlands, so there are political stress situations all over the place. So as we now hear (at https://www.reuters.com/article/us-swiss-turkey/swiss-investigate-alleged-turkish-attempt-to-kidnap-businessman-idUSKCN1GQ2UD) that allegedly accuses that “Turkish diplomats planned to drug and kidnap a Swiss-Turkish businessman as part of a crackdown after the 2016 coup attempt in Turkey“, we see a new iteration of cooling notions. These matters have an impact to a larger degree. You see, there is not just the Saudi issue, issues 2 and three all include Iran, not merely the nuclear deal, but the Houthi support that Iran is giving with the supply of missiles and other goods is still largely ignored by too many players. It is a setting of filtered views, trying to isolate the players and deal with one sided responses. It is the Yemeni setting that makes that utterly impossible. So as we see on one side “The Senator followed up, citing reports that U.S. munitions have been used against civilians in Yemen, she asked, “General Votel, when you receive reports like this from credible media organizations or outside observers, is CENTCOM able to tell if U.S. fuel or U.S. munitions were used in that strike?” “No, senator, I don’t believe we are,” he replied“, we are shown a one sided part in all this that a significant amount of acts was to act against the Iranian missiles as they were targeting civilian areas. That part remains unasked. So in all this, as we realise that Democratic Senator Elizabeth Warren is one of the smarter cookies in the US Senatorial jar of cookies, we need to wonder on her actions and her reasoning. The idea that the US (especially the democrats) needs the nuclear deal to hold, whilst we get (at https://www.ft.com/content/22845a20-27d2-11e8-b27e-cc62a39d57a0) an accepted view from the Financial Times with “The US will on Thursday ramp up pressure on European countries to “fix” a landmark Iran nuclear deal that president Donald Trump has threatened to scrap“, with in addition “A state department spokesperson said: “This is a last chance.”” we know that the end is nigh for that bad situation. It is more than Israel wanted, the additional settings that we see is that the US has played a very dangerous game on the Turkish, the Iranian and the Saudi side, whilst there is enough indication that they never had the Trump cards to make it happen. That view is given more strength when we see “The senior US official said “it was diplomatic malpractice to exclude missiles from the original deal”, adding that long-range missiles are inherently associated with a nuclear weapons programme“. In that regard, it is not just the acts of the US, but the EU and UK players in all this will also be given the spotlight. As we see that things were missing, the hasty excuses like ‘there was no time‘, or ‘this was as good as we were going to get it‘ will hit back with enormous force as it gives more and more view that the initial views of Israel were correct. Now as there is an increased escalation with Iran, it is the view we see (at http://www.bbc.com/news/world-middle-east-43419673) where we see “Crown Prince Mohammed bin Salman told US network CBS News his country did not want to acquire nuclear weapons. “But without a doubt, if Iran developed a nuclear bomb, we would follow suit as soon as possible,” he added“, which now gets us in that stage that comes with the Hollywood phrase ‘This shit is getting real!‘ It was the setting that Israel had dreaded for the longest of times and whilst that shit is getting real we see, or better stated, we should see that the escalated and unbalanced pressures are showing the EU as well as the UN to be set as paper tigers that have no power and in the end no options. It is like Reuters stated in regards to the Council of Europe Commissioner for Human Rights, merely “a 47-nation human rights body that has no legislative powers“, yes that was a setting that really helped it all along, were they not?

It goes further than this

You see, some of the players are waking up (or so it seems), with ‘GOP leaders want to put off Yemen war powers vote’, (at https://edition.cnn.com/2018/03/15/politics/yemen-war-powers-vote-congress/index.html), they realise that the setting is less clear, there are intricate settings that have been ignored by some of the players (read: Democratic Senator Elizabeth Warren), the issue is not how, what, when, where or why it was done. With “GOP leaders would prefer to put off a final vote on the divisive issue until after it can be more closely studied in committee” it is not merely a stalling tactic (stalling might still be a factor). The issues that Democratic Senator Elizabeth Warren danced around are still very much on the table for the governing party and in all this it is also squarely on the plate of Mike Pompeo, who, if confirmed, as Secretary Of State, will need to make sure that his office does not become the SOS signal that breaks the loom before the strings in all this have been separated, untangled and isolated so that the matters do not become some Gordian knot that ends up pushing Saudi Arabia, Iran, Egypt, Qatar and Turkey over some edge, because these connections will set flame to the threads connected to others on the loom of diplomacy. Even as we are ‘treated’ to news items like ‘Iran-Qatar alliance deepens, says Iranian naval official‘ and ‘Iran stands with Qatar, says Guards official‘, the truth remains that a direct head to head with Saudi Arabia is one that Iran is reluctant to have, because when it comes to making choices between Saudi Arabia and Iran, there is clarity that the US, many European nations as well as Israel, pretty much none of them will support Iran, as the deepening cliffs are drawn between the EU nations and Turkey, the support it had with Turkey could essentially fall away further, and in that Turkey has been famous for merely supporting whatever pleases Turkey, getting in bed with Iran that deep is a choice Turkey will not be willing to chance. In all this Iran requires players like Qatar to make the blunders of setting themselves into a light of harm whilst Iran plays the ‘I know nothing‘ card.

A game that ends even before it starts in all earnest. So in that regard, the second and third setting we saw in Haaretz will have stronger impacts and the entire Yemeni setting will not be played out the way some would like that to be. that part was seen merely an hour ago when Reuters (at https://www.reuters.com/article/us-usa-yemen-mattis/mattis-dont-restrict-u-s-support-to-saudi-led-forces-in-yemen-idUSKCN1GS00N) gave us “Defence Secretary Jim Mattis defended U.S. military support to Saudi Arabian-led coalition forces in Yemen on Thursday as he explained a personal appeal to lawmakers who are considering whether to end Washington’s involvement in the devastating conflict“, and it is not merely in regards to support. When it comes to appeasing Turkey or Saudi Arabia, having strong ties with Saudi Arabia would be roughly 1,000% more important than anything else and not in the smallest regard for economic reasons. So as we earlier (in previous bog) saw that what is now stated by Reuters as “A bipartisan group of senators, Republican Mike Lee, independent Bernie Sanders and Democrat Chris Murphy, are attempting to take advantage of a provision in the 1973 war powers act that allows any senator to introduce a resolution on whether to withdraw U.S. armed forces from a conflict not authorized by Congress“, we see that congress might be having the right cap on whilst considering this, the cap would prove to be a massive blowback for Saudi-US settings in the Middle East for the longest of times. So as we might to some degree agree with “Lawmakers have argued for years that Congress has ceded too much authority over the military to the White House. Under the Constitution, Congress – not the president – has the authority to declare war“, we need to also see that the US has not declared war against Yemen, it merely is seeking to stop the Iran-aligned Houthi rebels, a group has been firing missiles into Saudi Arabia as well as target commercial vessels off Yemen’s coast, 2 acts that should never have been allowed for in the first place. The US could have a clear setting in those two parts and as such a larger repair of status would be to be more vigorous in countering merely those two dangers anyway possible.

And in all this there is one final danger that the US desperately needs to negate and they do not have a lot of time to achieve it. You see as the Syrian issues are drawing to a close, it is not impossible that PMC Wagner would be growing its influence by offering support to Saudi Arabia against Yemen. You see, Iran painted itself in a corner by denying the weapons shipments to Yemen. In this the strategy becomes that either Iran walks away, or locks horns with Russia too. So as we see “The Iranian Minister of Defence Amir Hatami has denied the allegations about the presumed shipment of weapons to Yemen“, the door has been opened and now Yevgeny Prigozhin as well as Lt. Col. Dmitry Utkin could end up visiting Crown Prince Mohammad bin Salman, in his role of Minister of Defence and offer to solve the Yemeni issue. Should that happen, which is largely speculative from my side, the Russian delegations would receive a much larger opening of the door of opportunity in the Middle East as well as optional access to offer services towards NOAM, a situation that must be the stuff of nightmare legends for the US (as well as for the UK to some degree).

If that happens, it is expected to happen before the end of July, so we will know then and I could be wrong, but when it comes to business opportunity we have seen Yevgeny Prigozhin take the lane of opportunity in the quickest way and there is no way that he does not want a slice of that $500 billion Lemon Meringue Pie, or as he would be calling it the: Kremlin Profit Sharing Money Supply, a refreshing desert that is as rhymed as the Kremlin could get it with the available Horn of Plenty for all who agree there.

Do you still think that my speculation is that far off? I do not hope to be right, but knowing how the souls of greed move; the chance of me being wrong is declining really fast.

All because some of the players have (as I personally see it) their own ego’s and personal needs in the play and not the national needs they had to serve, the long term needs that is, because there is no doubt that some of these sparks are the direct consequence of short term thinking.



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The politics of denial

I started this last Friday, so as I started writing this, I got to do the clumsy thing and actually kick out the power cable, losing all I had written. It led to my own denial and anger, and it fittingly fits this. Now, as I revisit the issue I have on one side the pleasure of having ‘new’ data, and the displeasure of going over this, but I will a little later in the article as it actually has bearing on all this.

So these three senators have decided to see if they can break up their entire Saudi Arabian support system, which will work out swimmingly for the UK, but about that later. The three senators Bernie Sanders, Mike Lee, Chris Murphy have started the US on a path, where the setting is that those three have introduced a resolution that will force the chamber to vote for the first time on whether the US should continue to support Saudi Arabia in the war in Yemen, a conflict that has led to the deaths of at least 10,000 civilians. In itself that is not the question, you see this is not whether what they do is ‘right’ or ‘wrong’. As we see it in the Guardian (at https://www.theguardian.com/world/2018/feb/28/yemen-saudi-arabia-war-us-support-senator-push-to-end) we get ““This is about the process,” said an aide to Lee. “What decisions do we make for a country that has been at war constantly for almost 20 years? When do we say that something is worthy of intervening in and when do we make that determination? It’s about the how“, which is fair enough. It is a political decision in all this and we can view it from one side, or from the other side. But there is actually a lot more going on.

Part is seen when we see “Yemen’s conflict began in 2014, when the Houthis, Shia rebels from the country’s north, seized the nation’s capital and ousted the Saudi-backed ruler, Abd Rabbu Mansour Hadi, who lives in exile in Riyadh. In response, a Saudi-led Arab coalition began a bombing campaign in 2015, to restore the exiled government to power”, in all this, we might see these matters as separate, but they are not, they are very connected.

The first part is seen in the NY Times (one of many sources), on April 14th 2011 we see ‘U.S. Groups Helped Nurture Arab Uprisings‘ (at http://www.nytimes.com/2011/04/15/world/15aid.html), here we see “a small core of American government-financed organizations were promoting democracy in authoritarian Arab states“, as well as “as American officials and others look back at the uprisings of the Arab Spring, they are seeing that the United States’ democracy-building campaigns played a bigger role in fomenting protests than was previously known, with key leaders of the movements having been trained by the Americans in campaigning, organizing through new media tools and monitoring elections” we see that America never learned from its mistakes in Egypt, Iran and other places. Now, I have nothing against democracy, I grew up in that environment and we should all accept that, but is it that clear? These nations had a sovereign right, they decided not to be democracies and as some filled the heads of some people with the ‘golden dream‘, and got trained into the creation of flocks and let them flock to those Arab spring groups the damage ended up getting close to complete. What started in Tunisia in 2010, moved to Libya, Egypt, Yemen, Syria, and Bahrain, where we saw the unsettling of regimes, major uprisings and social violence, riots, civil wars and/or insurgencies. Places like Morocco, Iraq, Algeria, Iranian Khuzestan, Lebanon, Jordan, Kuwait, Oman and Sudan were not impervious either to some extent. So in the age of the fucked up Obama administration we saw the start of more violence and the death of close to a million citizens, yet the Democratic Party goes into denial at that stage, because they were not involved. Now, legally speaking there is absolutely no evidence that this was done with the blessing of the Democratic Party, or parties in the White House in that time. Now, it might exist, but I have not seen it. In addition as the NY Times gives us we see references to “the International Republican Institute, the National Democratic Institute and Freedom House, a non-profit human rights organization based in Washington“, as well as “The National Endowment receives about $100 million annually from Congress. Freedom House also gets the bulk of its money from the American government, mainly from the State Department“. So here we see the crux, these three senators want to set the how and the process, but their own system caused this and now they want it to go away. The US burned them self on Syria by standing at the sideline whilst we see that they caused it indirectly. Now as they numbers in Yemen add up, we see that the US is ready to get into denial fast. The issue is even more ‘hilarious’ when we see in that same NY Times article “Ms. Qadhi, the Yemeni youth activist, attended American training sessions in Yemen. “It helped me very much because I used to think that change only takes place by force and by weapons,” she said. But now, she said, it is clear that results can be achieved with peaceful protests and other nonviolent means“, so how peaceful did things go in Yemen, and how peaceful did those 10,000 citizens die?

I am not implying that Ms. Qadhi was involved in any of that, but for aspiring autocrats the notion of destabilisation breeds opportunity, which is pretty much what we are seeing now; with splintering in Yemen the damage is actually increasing with Iran, Islamic State, Ansar Allah playing their part. As the BBC reported in February 2015 “But as the interim government of President Abdrabbuh Mansour Hadi stalled in early 2014, Ansar Allah launched an aggressive military campaign in the north, defeating key military units allied to Gen Ali Mohsen al-Ahmar and the Islah political party” so how peaceful should we see this ‘aggressive military campaign‘?

And that is not even the beginning of the issue. The NY Times give us in conclusion “we appreciated the training we received through the NGOs sponsored by the U.S. government, and it did help us in our struggles, we are also aware that the same government also trained the state security investigative service, which was responsible for the harassment and jailing of many of us, said Mr. Fathy, the Egyptian activist“, which now reads that the US government was selling short and betting on both sides of the event, like an arms dealer providing both sides with the latest creation in the effort to end the lives of those on the other side of the equation.

It gets even more disturbing when we see the Telegraph (UK) give us (at https://www.telegraph.co.uk/news/wikileaks-files/bahrain-wikileaks-cables/8334643/GUARDING-NDIS-FLANK.html) the part where there is a dis-proportionality in all this making the issue even more toxic and dangerous. That part is seen in “Al-Hamer promises to be a cooperative partner for emboffs and, we judge, will support NDI programming so long as it does not disproportionately benefit Al-Wifaq and other opposition political societies. He is somewhat favourably disposed towards the U.S. — all four of his children study in Boston or Austin, TX — and his wife, Afnan Al-Zayani, is a MEPI grantee. Al-Hamer’s chief focus will remain his job as the King’s media advisor; he will likely leave BIPD strategy and operations to other members of the new board of trustees and to Al-Khayat and his senior staff. Emboffs will engage with Al-Khayat and board members such as Al-Otaibi, and will remain alert for any signs of BIPD or GOB discomfort with NDI in an effort to avoid any repetition of the controversy NDI encountered in 2006“,

Finally the NY Times gave us: “Hosni Mubarak, then Egypt’s president, was “deeply sceptical of the U.S. role in democracy promotion,” said a diplomatic cable from the United States Embassy in Cairo dated Oct. 9, 2007“, which took roughly 3 years, 4 months and two days until that same democracy promotion scheme got rid of him and his presidency on 11th February 2011.

Now we see that the US is adding to its own misery. As it had lost any credibility it has, we see that three senators are setting the stage where the US could lose even more. We see that (at https://lawlordtobe.com/2018/03/06/the-global-economic-switch/), the issue of Saudi investments are now bubbling to the surface. Not just some need for a desalinisation plant. No this is a setting in excess of 500 billion and as the US government is trying to make a play for some parts of that, we see three senators trying to get on a high moral horse and change the setting of support to Saudi Arabia. So as they hold the high moral horse and stop any actions to take place, how would Saudi Arabia react with their “the half a trillion dollar NEOM“, the massive growth in dependency and requirements for technology will take a nice seat where these actions might result in Saudi Arabia talking to British Telecom and Verizon might end up sitting at the side of the road. What was a near equal race between the two for the graces of 5G opportunity is now a race where Verizon could in theory end dead last. Cory Booker the Democrat senator for New Jersey is just going to love all this or not?

The problem is that this should have been about the morality and not the cash, yet that is what politics in a bankrupt state has been reduced to. Now as we are seeing all that good news in regards to the US economy. Most ignore the other side as “Toys “R” Us may be planning to liquidate its bankrupt U.S. stores, according to a report by Bloomberg News. The retailer, reportedly, has not found a buyer or secured a debt restructuring deal with its lenders” (Source: CBS), in addition the LA Times gives us “The downfall of Toys R Us can be traced back to a $7.5 billion leveraged buyout in 2005, when Bain Capital, KKR & Co. and Vornado Realty Trust loaded the company with debt. For years, the retailer was able to refinance its debt and delay a reckoning. But the emergence of online competitors, such as Amazon.com Inc., weighed on results. The company’s huge interest payments also sucked up resources that could have gone toward technology and improving operations“, the interest payments, the issue that several larger players face, with Google, Amazon, and Microsoft being likely the only exceptions, we still see the growth of debt where these larger players are all fending off the inevitable. Gun maker Remington and guitar company Gibson, two iconic companies, neither made it out and are now in the bankruptcy setting, and they are not alone, so as they vanish thousands of workers will be in the need of finding new jobs and possibly even resettling in another state changing state pressures on the support systems that were in place, because those people made products that needed shipping, they had infrastructures and shops depended on these thousands, they are most likely to move and as that happens more pressure is exerted on others.

Is that all relevant?

Only indirectly! You see it is part of a pattern. The US has pushed the media to be in denial of the debts and the costs of these debts. So when we consider that Intergovernmental holdings stood at $6.3 trillion, giving a combined total gross national debt of $19.8 trillion or about 106% of the previous 12 months of GDP, with 45% that the public has is owned by foreign investors, the largest of which were Japan and China each having a little over a trillion of that debt. So even at 1% the debt is a large issue, even as it slowly decreases, two of the 32 nations should be getting $10 billion each and that is merely the interest and that is if it is only 1%, it is unlikely to be below 4%, so the US has to come up with well over 250 billion and that is beside all the normal expenses they have. It only takes one negative event to push them over the hill and more than one is coming, in addition the US desperately needs part of the economic $500 billion windfall, and that is likely to become the diplomatic debate that the State department will be confronted with. with the debt adding well over $240 billion in the last 11 months the forward momentum is not there at present (it was earlier than that though), we see that the US has issues and dilemma’s to deal with, only one of them is Yemen and several are with Saudi Arabia, a nation they need to be friends with for all the reasons they can muster.

So as we look at Al Jazeera (at https://www.aljazeera.com/news/2018/03/180310204215697.html) where we see “A military solution to the conflict in Yemen will be a disaster”, said al-Hamdi, a former member of the Yemeni parliament who was ambassador to the Czech Republic from 2009 until 2014“, we might give him the benefit of the doubt, yet is that true? You see “History is repeating itself. There is a history of Saudi intervention in Yemen, from the revolution in 1962 to the 1994 Yemeni civil war,” said al-Hamdi at the event, which was hosted by the Cordoba Foundation and titled Yemen: War, Politics and Human Tragedy event. “Yemen is being destroyed. A nation is dying,” said al-Hamdi“, yet we already know that it was the Yemeni president that was requesting assistance, there was an uprising and that started the current situation.

You see, what we do not see form any source is that when I look into Abdulrahman al-Hamdi, I find very little. I did find “Abu Salim mayor Abdulrahman al-Hamdi told Reuters that the unusually intense fighting that erupted last Thursday was triggered by members of competing armed factions capturing each other“, which is what Reuters gave us in March 2017 (might not be the same person), so the only other articles are from the last hours. Consider an ambassador that fell from all the news channels between his non-working status between 2014 and 2018, almost a death sentence. So is this ‘high morality‘ his way to get back into politics? Back in the news merely because it is convenient for some of the players, that is how I personally see it.

Back to the beginning of me

Now I get to go to the part I mentioned in the beginning. You see there was a small accident on Friday and I lost power and as a result my article was gone, I had not yet saved it. Now, I could have gone back to it all and rewrite it, but after 2,000 words (roughly) I felt a little drained and extremely agitated with myself. Kicking out the power cable is my own stupidity and it was on me and me alone. Perhaps you can relate? Consider that you leave home, you get to the train station and it is there that you recognise that your wallet is still at home. Now, this is not a biggie, we have all had that moment and it is that moment that you realise that you have to do that 15 minute walk twice more just to get back to the start. That is when your nerves hit you and I have resolved it to walk twice that much to the other station because the repetitive feeling falls away and weirdly enough the anger subsides quicker (no idea why though). I know, it is irrational but that is how my brain at works at times and we all have some kind of quirk like that. That quirk is shown in more clarity when we see the impact of the US Arab spring and the subsequent actions of the US. They are now trying to change it all because the death list that the US aided in starting the death counts in Syria, Yemen, and Libya to name three is also opening the wounds towards the Iran and the CIA-backed 1953 coup that ousted democratically elected Prime Minister Mohammad Mossadegh. Some are asking if the US will ever learn its lesson in this regard. Others are wondering how deep ‘Christian bitching fish wife fairy-tale mongering‘ goes in regards to the intervening actions in Middle Eastern rule and politics.

The end is nowhere near the end and it reflects also directly towards Syria, as we see “The UN secretary general has described the situation in eastern Ghouta as “hell on earth” and the body’s high commissioner for human rights described the military offensive as a “monstrous annihilation”“, in that it ended exactly as I expected it to play out. so as we see “The report from the UK-based human rights group, which said both Douma and the smaller nearby town of Harasta were surrounded and cut off, was disputed by locals, but such an outcome seems inevitable in any event as the regime presses its advantage, backed by both Syrian and Russian airstrikes“, so as the Syrian situation draws to a close we see that both US administrations have failed the Syrian people and as that population has been culled we see that the docile remaining part will become the sheep that the Syrian president needed them to be. In all this the profile of Russia is now further up and the US diminishes in parts of the Middle East, so alienating Saudi Arabia is likely the worst choice that America could make. Fortunately the UK still has a large opportunity there, but in all, as Saudi Arabia wants more options, the doors will open further for Russia. That was seen last week at CNBC as they gave us: “The agreement between Saudi Arabia and Russia to cut back on oil production has boosted oil prices and is now the foundation for a broader relationship“, even as Saudi Arabia is pushing for less power on oil, they still want the best price possible for what they have, a mere business approach to a commodity. In addition, less than a month ago we saw Bloomberg report that the liquefied natural gas (LNG) options, is  new field for Saudi Arabia to do in conjunction with Russia as we got “Russian gas producer Novatek PJSC and Saudi oil giant Aramco agreed to consider teaming up on Novatek’s Arctic LNG-2 project“, so we see growth on economic options for Russia as America has been closing its own doors, or to some extent, they are getting closed by Bernie Sanders, Mike Lee and Chris Murphy for whatever reasons they had.

It is now becoming a stronger imperative to find a path forward. Not merely in regards to Saudi- Us relationship, the issue of Yemen and Syria will plague us for decades to come, even if it is settled overnight (which is not ever happening), the cleaning tasks as well as finding a longer term solution for Humanitarian solutions can only become successful if the players enable Saudi Arabia to take the lead for ending the Yemeni crises. For Syria it is likely too late, as Russia is completing ‘its’ mission (at https://lawlordtobe.com/2018/02/24/losing-values-towards-insanity/), where we see in ‘Losing values towards insanity‘ the quote “With these two gentleman owning 50% (actually more than that) into LLC Megaline, with Megaline receiving a large chunk of the capital construction contracts for the Russian military we see that link. When the dust settles, Assad will need to rebuild, and they will be the front player and possibly only consideration on a nation needing to be reconstructed. So now how weird are their actions? Both Yevgeniy Prigozhin and Dmitry Utkin are now perfectly placed to rake in billions and in that regard we get back to the options for the dying in Syria; they don’t get to have any” a mere two weeks ago, now shown to be more accurate than anything else published. The media could have seen this coming with a ruler and an abacus, no high mathematical forecasting required.

So as we see the outrage on Yemen from all those seeking the limelight, I wonder if anyone will ask them the question, what exactly did you do for those Yemeni’s over the last 4 years? The list of activities might not add up to much, that is how I saw Abdulrahman al-Hamdi, because if you seek him on Google for the last year, he shows up once, just once for the Al Jazeera event 6 hours ago, that is also the next issue that both Syria and Yemen face, those who merely talk to get a seat on the table, because soon there will be money available and now they all want a seat at the table, it is the politics of denial, to only get there when the going is good.


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The Mary Poppins of Economy

Yes, today is about Philippe Le Houérou, CEO of the World Bank (as well as Jim Yong Kim, President of the World Bank). The urban dictionary tells us that the term Mary Poppins means:

  1. A well composed/happy person.
  2. To do something well/flawlessly. From the measuring tape held by Mary Poppins “Practically Perfect in Every Way.”

So if one of them was asked, how did you go on misleading the people on free trade, he could say ‘I Mary Poppins’d it!’, which gets us to the soon to be late President Obama (who as a former President won’t be able to properly time manage his calendar). As we see the quote “the president does not mention Hillary Clinton or Donald Trump by name but makes clear that he disagrees with both candidates’ opposition to the Trans-Pacific Partnership (TPP)” (at https://www.theguardian.com/us-news/2016/oct/06/barcack-obama-america-future-economist-essay), I have to wonder if the first African American president wasn’t just a puppet for big business. We will soon see him evicted from his rental place at 1600 Pennsylvania Ave NW, Washington, DC 20500, United States. Yet the question becomes, what next?

You see, there is a lot wrong at present. The issue is seen in a BBC article (at http://www.bbc.com/news/business-37580844). I have been stating it for a long time. My issue is not that I am correct, my issue in this is: ‘why fess up now?’, is it merely because there is a new administration coming in, or is it the general fear from Wall Street that Brexit is not the negative act for the UK as proven and fear mongering is no longer working and the upcoming issue that Frexit is becoming a general fear and the second exit will be enough to terminally kick over the Euro and the EEC? You see, the admission as seen in “the effects of globalisation on advanced economies is “often uneven” and “may have led to rising wage inequality”. The bank, which provides loans to developing countries, also says that “adjustment costs”, such as helping people who have lost their jobs, have been higher than expected.” It was the end station for too many people and until the grey faction (almost one third of the population) dies, this situation will not improve. On a global scale retirement funds are unlikely to exist by 2032, when it needs to give support to no less than 850 million people, giving a rise to the overall debts by close to a trillion a month. These administrations have been all about short term and now the time is getting close to the factual realisation that retirement funds will not survive the terms they need to. For those outside of Scandinavia not a good thing. Even as we see the great news in several nations, there is a factual mistrust (in me too), that the status is all it is cranked up to be. When we consider that a massive block of these people are retiring between 2025 and 2037, there is very little doubt that at present, the reality will set in no later than 2041, considering that many people will be in their 80’s at that point. The deal breaker will suddenly flare up and a massive wave of bad news will hit on a global scale. That is a speculation from my side!

This all hits back because the World Bank decided to keep people for the longest term into the dark and President Obama gives us “The world is more prosperous than ever before and yet our societies are marked by uncertainty and unease. So we have a choice – retreat into old, closed-off economies or press forward, acknowledging the inequality that can come with globalisation while committing ourselves to making the global economy work better for all people, not just those at the top.”, which just shows us how screwed up his vision is. ‘More prosperous than ever before‘ is like a joke and a bad one. The overall quality of life, after the downgrades from 2009 have never reset correctly. The amount of people who are after 5 years still waiting to see an actual increase in the quality of life is absolutely disgraceful and it goes far beyond American borders.

The two are related, not just the TPP, the TTIP in equal measure shows a level of syndication that we have seen in the pharmaceutical industry (just one of many) is almost unheard of and this is where it reflects on pensions. You see, the next 3 decades is essential for this industry, which gets us to the retirement group. Because without the TPP, or the TTIP, there will be a gap for those people to truly make a killing and that is what they want. The BBC quotes, might be relevant and correct, but they are not exactly accurate. First the quotes: “Hillary Clinton has found herself surrounded by political challengers questioning the benefits of international trade and globalisation. Bernie Sanders, Clinton’s opponent in the race for the Democratic nomination, defined his campaign by arguing that globalisation had hollowed out the US middle class“. You see, these facts are true, but the previous administrations were not about people, they are about the Walton’s and not the TV series from the 70’s. Jim Walton, Alice Walton, S. Robson Walton, Lukas Walton and Christy Walton. They are the people behind Walmart. Their fortune totalling over 122 billion dollar. Individual not as much as Ellison or Gates, but combined making both Gates and Ellison not add up to much and that is quite the achievement. You see, this is the place where people working full time still ended up below the poverty line. So, it wasn’t about the middle class. Walmart required globalisation to get cheap stuff from China (and a few other places), where people were happy to work for $2 a day to please all those Americans. Now, don’t think of me as some Karl Marx type, I believe in Capitalism, yet is also believe in fair play and not giving an inch to the greed driven. If these people are growing their fortune by 1.5 billion a year (each), getting the workers a better deal is not entirely out of bounds. Now, I have no list as to how they made the $1.5B, so there would be a fair debate here, but overall the issue remains, the people lost a lot and were not given any fair dues. Walmart might be one of the most visible ones, it is, by no means the only one.

So, as we were informed by the World Bank, a mere 5 hours ago, yesterday’s title ‘Why is globalisation under attack?‘ (at http://www.bbc.com/news/business-37554634), leaves us with a different taste. You see, the quote “But many people, including politicians, are now voicing their anger as they see jobs being taken by machines, old industries disappearing and waves of migration disturbing the established order“, my initial response would be ‘No Mark, you silly git, we have been voicing this for some time now!‘, you see, you are mixing issues up and not having any idea what painting you are describing. It’s almost like hearing a person state. Did you see that painting with those people with rifles? So until you are realising it is the Night Watch by Rembrandt. People will be wondering what it is about. So let’s cut up the quote by Mark Broad and look at the parts individually.

Jobs being taken by machines‘, has been an issue for the longest time, it was a worry when I was in middle school, and now I am approaching retirement. Some of it is a worry, for the most it is the time shaping global industries.

Old industries disappearing‘, is again mere evolution, old media goes out and Google AdWords comes in. The Age of Mobile is here and has been here rocking the world since 2013.

Waves of migration disturbing the established order‘ is expecting the actual fear he is trying to push. Yet, there are two waves. The economic migration and refugees fleeing for their lives. All are trying to get into Europe and our systems were never designed to administrate the relocation of 13 million refugees and none of that is about globalisation to begin with. In addition, the quote by Donald Trump given “We talk about free trade. It’s not free trade; it’s stupid trade. China dumps everything that they have over here“, which is exactly what his Walton friends wanted to begin with and that too is not the issue. What is the issue is the article that we got the next day. The quote ‘some have lost out from free trade‘ and we can easily replace ‘some‘ with ‘those not on a Fortune 500 list‘ or ‘those who are not big business‘, so when we get back to the parts that President Obama was miss-representing with “a foundation was laid for a better future. He suggests that the US should prepare for negative shocks to the economy before they occur and not have to fight for emergency measures in a time of need” he is obviously showing a lack of humour, because the fact that the TPP and the TTIP is all about big business, also means that the small fish will still go hungry and the rejection of these accords mean that unless the US gets a grip on their budgets, there is every likelihood that the US as a has been will knock on the doors of the new superpowers (China and India) whether they can have a seat at the table, with the not so unlikely chance that these two might prefer Russia over America. It leaves Europe in a stale position with not too many options for now. In the end the Commonwealth could sit at that table, but we need to see massive changes and the World Bank is not the party to be listening to. In this I would be in opposition to ‘C. Herring, George (2008), From Colony to Superpower: U.S. Foreign Relations since 1776‘, which was correct until the final meltdown and in addition the 20 trillion national debt was not taken into consideration either (which makes sense). In addition, we can at present say goodbye to Tony Blair’s statement of the EEC becoming a superpower, mainly because it is as broke as anything else. With Brexit that option diminished and with Frexit on the horizon, the EEC stops being an optional power of any kind. Now that Nicolas Dupont-Aignan is stronger in favour of Frexit and as Frexit is not just the words of Marine Le Pen, we will see that the width of Frexit could be dramatically increasing, moving this from optional to likely. This is a direct consequence of people seeing for over a decade on how globalisation did not bring them anything and France is an evolved nation. So they should have seen massive positive impact, yet the economic news in France has shown nothing on that for the better part of a decade. At present a still shrinking economy without any options to get it kick-started is part of the problem for France, so we see that the Mario Draghi Trillion didn’t help too much for France, so who actually did benefit?

Yet in all this, the other side given by the Guardian (at https://www.theguardian.com/business/2016/oct/06/imf-and-world-bank-launch-defence-of-open-markets-and-free-trade), where we see the words of Larry Elliott, which I personally find to be out of place. You see, like with BBC Marky Mark, Larry gives us ‘Institutions react to concern that Brexit vote and calls for protectionism in US are part of a backlash against globalisation‘, which is, as I personally see it also a miss Presentation rank, so just like before let’s do some splitting.

  1. Brexit vote is part of a backlash against globalisation’, I oppose this as Brexit grew due to a stream of irresponsible acts by the EEC and those in the UK were tired of paying for that whilst the quality of life was going straight into the basement and for the most, too many UK people are still in that basement wondering what sunlight looks like.
  2. Calls for protectionism in US is part of a backlash against globalisation’, which is about crunching down on IP and forcing paths for too many IP streams (like medication patents) to the brink of additional tome and now that the gig is up, the greying population will get a hold of generic medication. In this too many pharmaceuticals were about the maximised greed and exclusivity and their timespan is now ending. They could lose over 20% of a market worth trillions, and this is not a market that they want to give up. In all this the US debt is also a factor, because whispered ‘promises’ from boards of directors are not going anywhere and the current occupant of 1600 Pennsylvania Ave NW, Washington, DC 20500 doesn’t seem to get it, or he does and he is just putting on a show for the next 8 weeks as he is aiming for a 7 figure executive income. In all this, the one solution that should have been instigated (as stated by my 3 years ago) is the one nobody touches from fear that their nice jobs fall away.

The one solution that no one, not even Jim Yong Kim is discussing, is also not illuminated on CNBC, The Guardian, and the BBC or for that matter, the bulk of all media. A proper tax reform 5 years ago could have prevented many issues we see now. It would still be an issue, but the top 1% would have 10% less and the bottom 20% would not be in the poverty they are now in. All because the big fat cats were all about the status quo of the markets, the status quo of their lives and the growth of what they needed to have. When we see some weird level of justification in Obama’s words “That’s why CEOs took home about 20 to 30 times as much as their average worker. The reduction or elimination of this constraining factor is one reason why today’s CEO is now paid over 250 times more“, when the fact clearly shows that within 3 administrations on a CEO level their incomes went up by close to 700%, my initial not so diplomatic response would be ‘You should have done something you dim witted Dumbo!‘, I know that one should not address an American President in that way, but the need for tax reform was blatantly clear in the US in his first year and he did absolutely nothing there. So his continued view of “we need to be even more aggressive in enacting measures to reverse the decades-long rise in inequality. Unions should play a critical role“, where I see the need to state on how he pretty much ignored labour unions (at https://www.washingtonpost.com/business/economy/labor-union-officials-say-obama-betrayed-them-in-health-care-rollout/2014/01/31/2cda6afc-8789-11e3-833c-33098f9e5267_story.html), so his words of exit could validly be reposted by the unions by them stating ‘Just shut up and go‘. That is one side that the Washington Post was making perfectly clear. Perhaps President Obama would like to recant the words by Taylor and Terry O’Sullivan, president of the Laborers’ International Union of North America with “they were not listening or they simply did not care“, which is quite the issue for Barack Obama, who could at present face the label of becoming ‘the worst president in the history of the United States of America‘, I am not stating this, I am speculating on this, when we see the list of his achievements and the list of actions that are about to get overturned would be instrumental in this. I don’t think that he ever expected this, but on the other hand, this would be good news for the Buchanan family, as James Buchanan would no longer be the worst president (according to the C-Span poll).

All these elements connect as there is too much a view by those who imagine themselves as the holders of ‘wisdom’ that globalisation works, it does, but only for big business, and as long as proper taxation is not done, as long as board members earn incomes 700% above what a CEO used to make, which was already a massive amount, this globalisation will not hold water and nationalisation is the only solution to trim the greed away. In that a company is either not in any nation, or those nations see a chunk of that cash being taxed and spend locally, which actually does give forward momentum to those economies.

So, these Mary Poppins figurines should stop singing “supercalifragilisticexpialidocious” when they get their pay check and annual bonus, they should start realising that the reality that brings the new “SuperTaxedAndCalibratedIncomeIsANormNow” might become a top of the pops. In that part as equilibrium resets on a government tax level as well as a living standard, we could see an economy where people have money to spend, they might actually all start the economy together. None of it required the crazy Draghi scheme and debts might actually be gotten under control, because that element too was a consequence of globalisation. Isn’t that interesting to see that no one from the World Bank made mention on any of these elements, which are proven to be factors. So was this a second step against Brexit and perhaps deflating Frexit?


I will let you decide, but feel free to read some of the articles I linked and more important, ask yourself the question why certain elements in all this were left out, elements that were part of all this all along.

Have a great Friday!



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The other reason

Well, several of my friends are having their birthday tomorrow, so as a good friend I will call them sing happy birthday and as they ask in confusion why I was singing, I will remind them that it is world animal day tomorrow, because that’s how I roll. Today is not about the issues perse, but about the way some people go about getting to it. They claim to be all uppity up on morals, yet in a political paintball fight, there is no art, there are just people covered in paint on both sides of the political isle and as the press is steaming their systems on emotions, to maximise the circulation of whatever they are proclaiming. The bulk of the people go along with the rollercoaster ride and ignore the issues that play.

[1] To Tax or not to

In the first we get ‘the biggest crisis yet: Trump campaign reels after tax documents published‘ (at https://www.theguardian.com/us-news/2016/oct/02/donald-trump-income-tax-returns-published). In this most will see “The campaign offered no specifics about how much Trump may have paid in these taxes, or when“, yet the issue that is in play in all this is “the anonymously leaked tax returns reveal how Trump used aggressive accounting tactics and the failure of several businesses to claim a loss of $916m in his 1995 personal filing“. This gives clear evidence that the documents as published were illegally obtained as well as the quote from another article “Bernie Sanders, once Hillary Clinton’s opponent for the Democratic nomination and now a supporter of her campaign, said the report was evidence of “a corrupt political system in this country”“, the second article was linked to in the first article and was released only a few hours earlier. Yet, in what manner was, as Bernie Sanders stated, a corrupt political system? If the Tax office was the source, than his own party needs to be put under scrutiny. If his statement refers to the tax loops, again, his own party and 2 administrations before this In those times both Bill Clinton and George W. Bush did not really make any improvements to the taxation system and the current president is even worse, for the mere reason that he had to deal with a massively hit economy, so overhauling taxation and a 19.5 trillion dollar debt would have been a first instance. The total debt is about to surpass the WW2 debt the US was in, no political party has ever been so bad for a nation and there is no way that improvements are around the corner any day soon. The fact on how these documents were obtained remain a question, even though nobody wants to actually find out where the leak was and whether it was a government worker, is that not interesting too?

So as everyone seems to be condemning Donald Trump for not paying taxes, everyone seems to forget that he did nothing illegal (as far as we can tell at present). The US Tax codes allowed him to do these things, so you only have yourself to blame. If the people had united for a better tax system, it might have happened if the electoral system had made it very clear who can truly redo the tax system, because it will take years to do and neither Hillary Clinton nor Donald Trump are running towards that race any day soon.

[2] Last Exit to Brexit

When we think of the March Hare, we tend to think of Alice in Wonderland, so one quote can be used when we add one little word. The quote is “The March Hare will be much the most interesting, and perhaps as this is Theresa May it won’t be raving mad – at least not so mad as it was in March“, I reckon you guessed it, I inserted the word ‘Theresa‘, isn’t it interesting how profoundly correct one sentence was in a book, published in 1865. On that same year, the NY Stock Exchange is opened near Wall Street. You see, this all tracks to two events. The first is ‘What will happen now timescale for article 50 has been revealed?‘ (at https://www.theguardian.com/politics/2016/oct/02/article-50-timescale-theresa-may-brexit). Before I give the quote, there is something you need to realise. I stated it almost 4 years ago. In the time when the press was giving us quotes on how Greece could be taken out of the Euro and even out of the EU, all the time people ignored my words, going for those high hearted words on how it was all going to be ok. How deceived the readers were on options for Greece that never even existed. Now we get the current quote “As the man who drafted it has said, the EU’s divorce clause was never meant to be triggered: article 50 was inserted into the Lisbon treaty purely to silence British complaints that there was no official way out of the union“, so basically, the words of self-govern has been a lie too! So how to see this Brexit? A hard one or a soft one? It seems that we are discussing eggs and how they are boiled. So as we are getting close to that date, we see too many voices all making claims on how this single market is the solution. For who? The people, or big business, the same people who make the claims they make and pay no taxation for it, but they still want all their surpluses and bonuses. The next quote is “As Steve Peers, professor of EU law at the University of Essex, points out, article 50 goes on to define three distinct stages of that withdrawal process. First, the council, in the form of its chief Brexit negotiator, Didier Seeuws, and the member states it represents – without the UK – must agree the broad guidelines for negotiations.“, the rest points out a few more things, important to know is that the elections in France, Germany and the Netherlands will have additional consequences. France will see a possible triggering of Frexit. It is a certainty is Marine Le Pen makes it and it is still an option when the others get elected. Only if President Hollande gets re-elected is the danger of Frexit nearly nullified, but the French population is getting more and more on the Frexit pile. Nicolas Dupont-Aignan is not in favour, like David Cameron he is about changes to the EU, another one that is likely to fail, yet in the current predicament, the EU will need to choose very carefully as nations all over Europe have had enough. The nations more loudly opposing are those not contributing and seeing their Gravy train taking a new course, one that they are not profiting from. Now, I am not trying to be harsh on them, for that would not be correct in several ways. Yet the entire social situation where 6 nations are paying the bulk for a lot more nations is the issue that hits many nations and after the economic meltdown these places faced with the knowledge that many nations are facing internal struggles makes matters worse for the EU. In the need to be an outdated vision of a social impossibility, they are confronted with nations that see no future in these failings. Matters for Germany will be even worse if the Deutsche Bank melts down too. It is not really likely or realistic, but in all this it is still a consideration to make. The next part we see in Reuters (art http://www.reuters.com/article/us-britain-eu-amato-idUSKCN1012Q8), the headline ‘Father of EU divorce clause demands tough stance on British exit‘. When I read ““When it comes to the economy they have to lose,” said Giuliano Amato, explaining that only then might the British reconsider abandoning the world’s largest single market“, it seems clear to me that Giuliano Amato can’t have been thinking clearly (or he was grossly misquoted). You see as a professor of Law at the University of Rome La Sapienza he should have learned the following:

  1. The Harm Principle states that laws exist in part to protect people from violence and abuse.
    Yet in this, I wonder if the law fell short when it regards the need of protection from economic exploitation through big business.
  2. The Morality Principle states that another reason for laws is to advocate a sense of morality.
    I think that as we see the non-prosecution on Wall Street and the tax loops and non-taxability that this side of the law has been receiving epic fail marks for some time now.
  3. The Donation Principle explains the importance of the government using laws to grant certain services and commodities to society and the individuals within it.
    There is a need for this, I will not oppose this, yet whilst governments are too deep in debt to resolve their economy, whilst the laws they create do not hold corporations to account and whilst tax write-offs have not been properly dealt with for well over a decade, the laws again falls short.

In addition, the EU laws have been a farce for some time now and as such we need to make larger changes, the UK decided to abdicate from the EU alliance. In all this the EU still overspends by far too much. First there was the Draghi approach to stimulus through a trillion that has nothing concrete to show for it, now there is the Juncker plan, which initially launched in 2014, with a commitment of 630 billion, which has to show that up to now, projects worth 116 billion euros have been approved, yet what is there to show for it and whom have seen the positive results? When we see the quote in ‘thecorner.eu‘, with the mention “These correspond to Grifols (which specialises in the pharmaceutical and hospital sectors); Redexis Gas (natural gas distribution) and to two credit lines from ICO, one of which is for an infrastructure investment fund“, so a Spanish player has a pharmaceutical, natural gas distribution and two credit lines. The quote “The Redexis Gas project requires an investment of 360 million euros and the EIB has committed to financing 160 million. The question which many experts ask is the following: Did Grifols and Redexis Gas need a ‘Juncker Plan’ to finance projects with these kind of characteristics? The overwhelming reply is no“, so we get to support high end solutions that have absolutely no impact of any serious nature on the Spanish population. Who on earth is Juncker catering to? More important, it is my personal impression that this 630 billion is set aside for certain large players, whilst the economy can only truly be started by the smaller players. Now, this could be an absolutely incorrect on my side, but when we see pharmaceuticals with their multi trillion options left right and centre. Is Juncker truly catering to the population of the EU, or just to himself and a chosen few friends? It seems unfair to state it that way, but cannot find another way to make my statement.

Two events, all overly published, yet in one case we see the law failing because it could not restrict, the other case shows a law that tried to work like a Venus flytrap and not let anyone out. The near perfect corporate trap for exploitation. The fact that these issues haven’t seen proper illumination is even more upsetting. We see parts, yet unless we look into the different articles, we are basically being kept in the dark to some degree. It is the degree that matters here. To the majority it needs to be clear that tax overhaul and tax legislation is an essential need in several nations, it is needed with the nations considering the European party and those who want to keep on dancing. In reality only France is the real issue at present, the Netherlands has support that is slightly below 25%, France was very high, but there is no latest polling data on this, so it is possible that it might be averted. In that regard Germany is now the big issue. If the Deutsche Bank collapses (no idea on that chance), it has every likelihood that people will flock towards a no EEC Germany, yet the amount of shifting can at present not be predicted to a decent amount. The impact of the first part is that the next President needs to take a hard look at corporate exploitation. There is no expectation that either side picks up that responsibility, but if it is not done, the debt all over the world will be a lot higher than any gold reserve on this world is able to deal with. In the second, we see a Europe that has no comprehension of what is to come, which makes sense to me, because this has never happened before. Yet the amount of non-preparedness we see, even though Brexit was clearly in the air for a year shows the sentiment that Giuliano Amato voiced a view that the members of the EU commissions seem to have ‘You can check in, but you can never check out!‘, yet this is not a Hotel in California, this is as I stated a Venus Flytrap where the fat cats walk by, the rest is just food for thought at best.

In the end, it is a speculation (mine) that the world, at present, will be better off with the Democrats winning, but not by a large margin, not this time. What is also food for thought, is that this would be the first time, where a man (and former president) gets to be the first lady. They would be the only family having been placed in both White House roles. Which is at present a better reason than any reason the political speakers are giving us, because in 3 administrations, they did nothing more than fumble the ball and left the American people with an outstanding invoice approaching 20 trillion.



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