Tag Archives: Bill Gates

From Location to Innovation (loss)

It is a real estate dream, to talk about the location and therefor get a better price; we are all about getting a nice home, yet we look at places where we know it will sell for the 100%-200% of the price we paid for it, preferably within 5 years. Most of us looking for something oversized have at some point seen 924 Bel Air Road, Los Angeles, California. It is so over the top, so expensive that most billionaires might not even consider it. No matter how much of a technological, arts and lifestyle monument it is, complete with helipad. A house like that makes you a target of some sorts. There will always be envy, there will always be the next challenge and there will always be the next addition. To live in a house that has it all is for most you desire is unsettling. Weirdly enough it is within us, when we see this and we think ‘this is as good as it will ever get’, when we have that thought before we are 40 it becomes the limitation on us, it boggles our need of creativity. Now, for the most we need not worry, 99.99% of the population will never get near to 50% of that marker, but it is there, our minds creates this. So when a few articles passed my way, they started to add up and weirdly enough it is an opinion piece by John Naughton on June 16th that started it all. With ‘How Silicon Valley’s whiz-kids finally ran out of friends‘ (at https://www.theguardian.com/commentisfree/2019/jun/16/how-silicon-valley-whiz-kids-finally-ran-out-of-friends) it begins.

With: “Once upon a time, Silicon Valley was the jewel in the American crown, a magnet for high IQ – and predominately male – talent from all over the world. Palo Alto was the centre of what its more delusional inhabitants regarded as the Florence of Renaissance 2.0“, I was never there, but I was linked to some degree and I say early on how greed took over, how opportunity seekers would resort to Machiavelli and other means to get what they desire and they never cared how they got there, it was their ‘political game’. Then we see a truth as the quote “the commentator Alexis Madrigal identifies no fewer than 15 different groups preparing ambushes. They include angry conservatives and progressive politicians, disillusioned tech luminaries, competition lawyers, privacy advocates, European regulators, mainstream media, scholarly critics, other corporations (telecoms firms, for example, plus Oracle and other business-software companies, for example), consumer-protection organisations and, last but not least, Chinese internet companies. With enemies like these, the US tech companies are suddenly discovering that they really need some friends.” the reason is actually simple. these US tech companies were heading in a direction of maximisation through iteration, as the need for true innovation was lost (not that innovation that places like Apple claim to have), others caught on and the drive that Silicon valley once had was no longer there, it was stepwise progression whilst the marathon runners like Taiwan, Korea, Japan and China caught up. Microsoft wasted its console world through mere stupidity and a spreadsheet (and being dumb and short sighted). That is why none of them are allowed near my IP (with the optional exception of Google). As innovation becomes iteration the margins went down and it brought regulators, tax haven needs and other players like competition and IP attorneys into all of it (as fore mentioned) and suddenly the grape season was out, the harvest had diminished and what in whiskey terms is called ‘the angel’s share’ grew leaving little to the others. I believe that the writer nails it with: “And we are beginning to realise that the immense power that the valley’s uber-geeks have acquired is what Stanley Baldwin memorably nailed as “power without responsibility – the prerogative of the harlot throughout the ages”” but there a mistake is made, there are two kinds in that valley, the dreamers and the combined needs of the operators and facilitators, that second group is more important to watch mainly because it stopped the first group. the second group thought that by putting their stallion in a paddock, fenced in and limited to a smaller part it would be more effective, and having 5 fields will lead to 500% of the goal, but that was stupidity speaking. Wild horses, real stallions need to race, the strongest takes the lead and together as they burn the ground under their hooves they become more agile, stronger players and their race goes towards the dream that they had no envisioned yet. that is how the iPad came, that is how Smartphone came that is how Nano technology comes and through iteration the next tier is not merely slower, the dreamers forgot to dream, they needed to produce in larger amounts with less resources, less space and that is how they got overtaken by said Korea, Japan and China. The results are in front of us and now that India is catching up in more than one way the dream of more fortune becomes the nightmare of losing it all. So when the final wisdom comes: “And once they went public they did what corporations do: maximise shareholder value, come what may, avoid regulation and pay as little tax as possible. Just like tobacco companies and arms manufacturers“, there we have it, the larger system was ignore thought compartmentalisation and no one realised just how stupid they were. that is one of two more reasons why I do not trust my IP with 98% of the tech firms, they will not learn because the inner parts are all about profit and maximisation, and through that weakness billions in revenue are lost, because of the fake dream that iteration brings the same in twice the time but at only a part of the resources, the biggest flaw is setting a profit stage to a spreadsheet, innovation can never be gained through predictive analytics, because predictive analytics gives the continuation of a product, not the consequence of a new technology beheld by a dreamer, there will never be data to do that and that is how it was all lost.

Round two

And that is how we got to round two last Saturday as Ruha Benjamin (associate professor at Princeton University) and even as she starts with ‘We definitely can’t wait for Silicon Valley to become more diverse‘ (at https://www.theguardian.com/technology/2019/jun/29/ruha-benjamin-we-cant-wait-silicon-valley-become-more-diverse-prejudice-algorithms-data-new-jim-code), she gives a truth that I partially oppose (not the diversity), as it was always about the dreamers. Larry Ellison, Bill Gates, Steve Jobs, Steve Wozniak, Larry Page, Sergey Brin, and Mark Zuckerberg they were all dreamers to some degree. That world needs dreamers and facilitators that push dreams into the reality of innovation. The more diverse that world is, the more diverse the dream becomes and the greater the achievement could be. It is true innovation in its purest forms and whilst the CEO’s took the words of CFO’s and marketeers that reality was forgotten. Marketeers hope and drive hypes, they cannot dream on something that they cannot fathom, it is the most destructive vicious circle imaginable. So when I see: “She founded the Just Data Lab, which aims to bring together activists, technologists and artists to reassess how data can be used for justice. Her latest book, Race After Technology, looks at how the design of technology can be discriminatory” I see both hope and failure. the hope is that as diversity of ‘activists, technologists and artists‘ unites, we see new paths, the artist sees a path and draws it, the technologist can devise it the activist can oppose the path and scream for a meadow to walk on, that is how innovation came, quote literally, the Dutch a nation the size of New Jersey gave us: ‘Dutch Solar Bike Path SolaRoad Successful & Expanding‘ (which gave me another idea with a more metropolitan and rural opportunity approach), innovated roads by catching sunshine to power the evening lights, it is true innovation in action and an optional path to reduce the carbon footprint, whilst getting the surroundings powered. When we see first results: “with 3000 kWh generated, the solar panels were outperforming the 70 kWh annual per square meter expected threshold set in the lab. In its first year, the SolaRoad produced 9,800 kWh, roughly equivalent to the annual average consumption of three Dutch households“, we see a path towards innovation. There is no doubt that data can be used for justice, but in which direction? Yet I too adhere to idea’s, I am a different dreamer and even with a law and a technology degree (including a master) I have not dreamt in that direction, perhaps this is for another dreamer, the need to recognise it is essential, to find the right dreamer.

And this is not an attack on Ruha in any way, she gives a clear premise with “Many of these automated systems are trying to identify and predict risk. So we have to look at how risk was assessed historically – whether a bank would extend a loan to someone, or if a judge would give someone a certain sentence. The decisions of the past are the input for how we teach software to make those decisions in the future. If we live in a society where police profile black and Latino people that affects the police data on who is likely to be a criminal. So you’ll have these communities overrepresented in the data sets, which are then used to train algorithms to look for future crimes, or predict who’s seen to be higher risk and lower risk“, you see this is observation towards risk, a path we have seen clearly in the last two decades, yet the opposite is also there, but how to set its dimensionality? It becomes big data in observation towards opportunity, a path never walked because opportunity is one identified once it is walked, a system cannot predict the dream if it cannot comprehend the dream, or the dreamer. It is designing a computer that will design computers. It is the ability to design Skynet (I just had to go there), with the optional danger of our own end (see the collected works of Linda Hamilton and Arnold Schwarzenegger). It is always most likely to fail because Ruha forgot to include a philosopher to her team. The computer fails because we forgot about philosophia, the love of wisdom, and as we forgot about that we merely ended with really clever calculators and calculators are never about predicting the future, it is about limiting cost and maximising profit in any endeavour (more money, more reserves, more energy, more resources) and these margins never lead to wisdom or innovation because the dreamer was missing and dreamers do not constitute a positive influx in that engine, sales and marketing did away with that, they always will.

To illustrate this let me give you a personal side. In 1997 I send a mail to a sales executive. I had recently by accident found the Warner Brothers Angelfire partnership site. They had united and every person could freely sign up to get a Buffy Address, a Babylon 5 address, a Charmed address and so on. It was static, you got access to fan art, you got 20Mb web space and an email address. In those days (pre Gmail) it was actually really cool, but there was no way to reach out, So I suggested that we have something similar and allow the people to reach each other and we would be in the middle being able to market to all of them. The sales executive laughed in my face, stating that it would never have any business premise, it was a useless use of resources, it was not in ‘the mission statement‘. I dropped it knowing it was a lost opportunity. Now we have Facebook. My idea was nowhere near it, it was not advanced it was merely messaging and marketing, the direct impact of no vision, 4 years before Facebook shown in two colours, Black and White, I still have the email somewhere, 4 years before the launch of Social media, I tried to introduce a path towards it. I have no doubt that Facebook would have overtaken me, I did not dream that advanced, but at least I had the dream and it is also for that reason that my IP will never go into hands like the limited ones I had to work with.

A limiting amount of opposition (from to her) is seen in “Part of that has been spurred on by Facebook and Cambridge Analytica and the US election. More and more people are realising that this idea of big tech coming to save us, it’s really been dismantled. Part of it is shifting from a kind of paranoia around technology to what my activist colleagues like to say: from paranoia to power“, I believe that data is data, it is not wisdom and I also believe that data can aid in finding solutions, yet to do that you must drive a solution, you must devise a way where data is the inspirer towards innovation and software cannot directly lead towards it, you can dashboard it to see where the needs are, you can report on it where the shortages are and you can make a slice and dice app to let people get a scope of information to feed the dream, but you cannot directly feed the dreamer as you cannot predict in what direction his dream goes. You can merely hope to bring the spark that makes the dreamer dream in his or her direction and hope it leads to innovation and at that part the CEO, COO, CFO and CTO will have come crying half a dozen times to stop the squandering of resources. She does address my view correctly when she gives us: “More diversity in Silicon Valley is important, but won’t automatically address algorithmic bias. Unless all those diverse people are empowered to challenge discriminatory design processes, diversity is a ruse” and she is correct and perhaps she also answers her own question.

In all this we forgot one group, we forgot about the children, we need to be able to look at data like a child and learn to randomly look at answers to questions that we aren’t even asking, it is the initial option of a spark (not a given) that leads to the insight we get with: ‘What If?‘, the need to embrace the obvious, not ignoring it, all this in data is required to get insights leading to wisdom, the question becomes how can this be addressed and form my personal point of view is to teach people about data as early as possible, not in a light of statistics, but in a light to something I got in the early 70’s, looking at the question ‘What is the chance something happens?‘, a simple ‘kans tol‘ (Chance spinner) which would give the younger watcher an indication on chance and statistics. When we add that to the equation what happens when creativity takes over and they start looking at what they can find, or even better, what they cannot find. The younger mind is more eager to find, and equally find missing. It is that part that we are missing out of and it matters, because it is the first step in learning the question that we are not phrasing, optionally overlooking the obvious.

Part Three (Final)

Finally we get to part three with ‘Why San Francisco techies hate the city they transformed‘ (at https://www.theguardian.com/cities/2019/jul/01/san-francisco-big-tech-workers-industry). And we see part of the drive with “Even Marc Benioff, CEO of Salesforce and a San Francisco native who has long urged comity between the techies and the city, has taken to calling his hometown a “train wreck”“, we can only conclude that now that he bought Tableau it will get worse for him. Even as it is not about him, but the failing infrastructure with “one-bedroom apartment reached an all-time high of $3,700 a month“, which is more than twice the price for a real decent two bedroom apartment in Chicago, we see the impact, but not what is around all of them, yet it is not new, London has similar issues. As the people who can afford to live somewhere, we see that greed takes over turning the city into a carcass because it lacks a sustainable infrastructure. As people cannot afford to live near where they work, infrastructure becomes an increasing problem and as cities cater to large investors, they forgot that affordable living is essential; they merely pushed that issue forward and forward again and again. We see he escalation even further when we consider the quote: “San Francisco has become more of a satellite campus, with South Bay stalwarts including Apple, Facebook, Google and LinkedIn competing for office space in the city proper. They’ve joined the San Francisco-native companies Twitter, Uber, and Airbnb in the cramped confines of a city of just 49 square miles, surrounded by water on three sides” instead of diversifying and clustering over a much larger area, they all moved together, and as such thousands of employees need to live where they work and now prices are through the roof, it also impacts the bottom line, so as others decided to keep their stomping grounds in Columbus Ohio and as we see those in Madison Wisconsin, we see that the bottom line changes, yet they too push for space in San Francisco, so what was once the United States of America is not the Marketing needs of California. the sad part is that these people are all separated and isolated form one another through intellectual property, and as I am happy to make fun of Zendesk and their need to “file oppositions at the United States Patent and Trademark Office to 49 trademarks including the word “zen”“, all whilst we know that “Zen is a school of Mahayana Buddhism” that is reported and registered as something that is 1200 years old, so to see that there are at present well over 724 active trademarks which include the word “Zen” we see the replacement from inner peace to turf wars and it links to all of it, these people all think and associate alike, and as we have seen, it leads to iteration not innovation. And there we see the hoax in the serious setting. As we are introduced to: ““I feel like San Francisco is between Seattle and New York, but rather than the best of both, it’s the worst of both,” said Beth, a 24-year-old product manager who asked not to be identified by her real name. Beth moved to the city directly after graduating from Stanford to work at a major tech company, but recently transferred to Seattle. “Everyone I met was only interested in their jobs, and their jobs weren’t very interesting,” she said of her time in San Francisco. “I get it, you’re a developer for Uber, I’ve met a million of you.”” When you cluster together you create new bias and new limitations that merely stop you from dreaming. When you are in San Francisco, North of SF International Airport, you are now mostly all the same, think the same, work the same and you are all separated on three sides by water, and a failed infrastructure, you have no way to go. There we see the benefit that the two other locations have, space created opportunity and the chance to dream, a path to innovation, and I fear that things will turn from bad to worse for San Francisco. As greed pushed out the infrastructure, it removed diversity, it is not merely the diversity that pushes us to lows, the fact that some ideas came from watching someone do something else, the ability to see their interaction with the environment that allowed for new thoughts and that cubicles took that away, even if it is not called open space, it merely made the entire open space a cubicle. So whilst these people ‘enjoy’ their 55Km bus ride to Mountain view, we see that the same distance gets us to Santa Cruz and Monterey Bay, all with opportunity and other considerations and it is the ‘other considerations’ that are the treasure trove in this, because it changes the mindset of people, considerations lead to opportunity, opportunity is the foundation of innovation, it always has been, whether the innovation is accepted or rejected does not matter, it is the one that does go through that becomes the innovation that fills a corporate coffer, iteration merely lets it go on a little longer. Diversity shows that as others embrace an idea it can truly be improved on and create a new innovation, not a new iteration, but that only happens when the accepting diversity is large enough, and that is when we get the one quote that shows the disaster. With: ““It was really hard to stomach the indifference that I witnessed from folks who’d been living in San Francisco for a while, simply stepping over the slumped bodies of people who lived outside or just cold ignoring people asking for money,” said Jessica Jin, who moved to San Francisco from Austin, Texas, to work for a tech startup, of her first impressions of the city. “I wondered how long it would take me to also become numb to it all.”” we need to see that this is the largest danger. It is not that Jessica Jin moved to SF, it is ‘how long it would take me to also become numb to it all‘, that will be the moment that her dreaming to innovation ends, when we become numb, we merely create a shell to ignore what is around us and that is the first thing to thump innovation into silence, as I see it that has always been the first hurdle to lose innovation and soon thereafter they lose the ability towards iteration as well.

It is the larger issue to a much larger problem that we never properly defined, how did we lose the ability to properly dream a path to innovation, it is what drowns the creative mind and soon thereafter we get exactly what the CEO’s and CFO’s wanted, result driven worker bees, but that is what killed their company, the dream is lost and so is creation of innovation attached to it.

It is about location, location, location, but not in the way you thought it was. It was about the space to truly dream, too bad these hundreds of board members all forgot that one simple lesson, all whilst it was in front of them all along, most of them got into the board of directors using that path in the first place, how quaint!

 

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Bread and games

We seem to ignore the past, yet a lot of our lives revolve around the bread and games of the matter at hand. Yesterday, the LA Times (at https://www.latimes.com/entertainment/herocomplex/la-et-hc-star-wars-episode-9-wrap-photo-20190215-story.html) gave us the first image of Star Wars IX, part nine, the final part of the entire saga. Principle filming and photography finished yesterday, the cast is done. They are all in a state of upper excitement, perhaps some anxiety too. JJ Abrams is all over the place (in joy) and why should he not be? A trip that started in 1977 propelling Carrie Fisher, Mark Hamill and Harrison Ford to heights never imagines before, that trip that started so long ago has been completed. For good measure we saw the added Rogue One and Solo added to the fold. And there is much to celebrate, a whole score of actors added the fold down the line and even if some were not immediately recognised in America, it is people like Peter Cushing, who was the Hammer House of Horror prodigal son, as well as one of the Dr Who players who added to the shine of the Star Wars making an epic story truly epic. Now we need to wait until Christmas to see the finalised version on the big screen, dozens of special effects experts will be wielding their mouses and pens to make magic reality and make the impression of special effects fade away and show us something that DARPA might have actually created, we can no longer tell the difference, the effects have been that stunning for a little while now.

Yet it is not just Star Wars, even if that is the most visible one. We are weeks away from Captain Marvel, soon to be followed by the conclusion of infinity wars (Endgame) and that s just for starters. When Jon Favreau started the Jungle Book in 2016, he might not have had a clue on what he started, but he did start something. In that same trend we will see in 2019 Lion King, Dumbo and Aladdin. Disney just woke up from slumber and is watching billions come their way. We should have reservations on Aladdin, not because of Will Smith, merely because of the shoes he has to fill, the role Robin Williams played was more than legendary, they broke the mould when he was done and it is one hell of a shadow to live up to, I do not envy Will Smith for doing so, yet I applaud his approach to the challenge.

The movies of 2019 will be comic book driven, Joker, New Mutants, X-men, Hellboy, they will all make an appearance, as will Frozen 2, It part 2 and many more. Many of us are planning our calendar one film at a time, trying to see as many as we can, this is how many changed the approach to their lives.

Even as some give us: “the Cost of living in Australia is 3.40% higher than in United States“, than we get “Rent in Australia is 10.04% lower than in United States“, which is massively bogus (as I personally see it). I found more than a dozen 160 square meter apartments in inner city places (not in LA, SF or NY mind you) that are close to 50% cheaper than in Sydney or London. And yes, when you add those (as well as Malibu, the Hamptons and a few other places, the rental prices tumble in the other direction), in addition, the rent in Australia merely seemed lower, the numbers are a little to skewed for my liking, the truth is simple. The cost of living is up all over the place, even now, yesterday I noticed that beef was up 10% that is the way the impact goes when food is thoroughly looked at. We might see the price of beer and think that it is not that expensive, but when the price is based on the need to buy 24 instead of a singular bottle, the scale shifts and not for merely one article, too many articles have speculatively been ‘loaded’ that way. It is not merely in Australia, the UK, many places in Europe, they all have an increased cost of living whilst the incomes have been frozen, in some cases for more than two years. When we see a source give us Levis 501 Or Similar at $98,24 (AU) whilst shops at the same time have prices that vary from $119 to $249, you know that there is a selective weighting in place, or merely some aggregated average that included ‘myworstonlineshopdotwhereever‘, one item already changed the cost between 21% and 154% (if we included the most expensive solution). That is where we are at least 21% more out of pocket for one item. There are a lot of prices that are on the mark and some might even have a seasonal nice discount. So when we are confronted in that stage of live, the bread and games we face matter, they matter a great deal. A list that includes a cinema ticket for less than $20, which is often enough wrong by at least $5, so how does your cost of living add up? How do the small items like popcorn and lemonade add to the pressure of your budget?

This month seems to be all about news on how places have a cost of living that is lower than their national average. Initially it sounds great for those living there, until you realise the other news (not really given to the reader) where we see: “Columbia area named 25th most dangerous in America“, yes there is a drawback to everything. So in one of the places where I was looking, I got treated to: 3 crimes in this area. What? Are you flipping kidding me? Three crimes over the last 4 weeks and one was the disturbance involving an unwanted person. How is that for pristine living? It is not actually that rosy for the entire city there were reported 135 thefts, 106 assaults and 138 arrests, which when you consider it includes Fraud, Forgery, threat complaints, and loads of drug incidents (which mostly includes having a joint) we see a place that Sandra Dee would happily call home.

These are all elements that impact out cost of living, the paths we take to get safely from work to home, the places where we buy stuff, where we get medication and groceries. It is all too some degree connected and the bread and games we have to escape it all is very much part of our lives. For a while we had true escapism via Netflix, and even as that part is not as shiny as it was, the financial geeks still see Netflix as the escape mechanism for most of the players. In that we need to recognise that Netflix over the last year has risen 45.63% since February 14, 2018 and is up trending, we need to see that St. Valentine is definitely in play in all this. You might not find live there, but many watchers are losing their hearts on the feeling of momentary bliss. This feeling relates to the big screen as well. As we seek more ways to escape the stagnating lives we lead, we see that the cinema and the home screen are the two reliable paths to follow (apart from gaming that is).

The question is how will this go on? As the movies come, we see consistent continuation, yet there is another problem. You see even as we see that 300,000 jobs were added, the direct impact is not seen, not in the workflow and not in the US reduction of debt. Others have stated this before me, and it is an important part. The workforce in the US is changing, yet I am not convinced that this is limited to the US, it is a global change. We see more and more that there is a high tier and a low tier of workers, yet the middle tier of workers seem to have been gone. The low tier is all there is in many places and that is where the problem resides. The low tier is definitely growing and more jobs, but they are often minimum wage jobs, there is no room for quality of life, merely contending with the cost of living and whilst most parents both work to make ends meet, we see a family break in place and the only glue left are the bread and games. The view that Reuters gives with ‘the economy was running out of workers‘ is not wrong yet it is not accurate either. Most companies are focussing on cheap labour where possible and that part is now running low. I personally believe that this shifting trend will push itself into the commonwealth and Europe as well. The middle group is either reduced to the lower group or merely pushed into retirement (for as long as that exists). I predict that there will be a rude awakening when we see that the low groups have little tax to pay, but the government have been overspending for too long being in the wrongful believe that the middle tier comes back (any day now they think), the moment that they realise that this will not happen, we will see a collective 68 thousand billion dollar debt that has no place to go, because adjustments that had to be made 4 years ago were never made. They had to be made before that but I reckon the point of no return was passed 4 years ago and now we see the essential need for bread and games. The governments do not want to people to wake up and see that there are no options left, the corporations want the bread and games so that people will not realise that they ended up with a really shitty deal in the end and the rest is looking forward to finding any kind of a solution where they end up in the high tier and they are willing to sell their soul to get there, the lower tier is just a road to nowhere and nothing.

This is exactly why politics is shifting in the US, with Alexandria Ocasio-Cortez and her social agenda, we get to see the direct impact of the size of the lower tier, everyone wants her impact and the true stage where people like Alexandria Ocasio-Cortez never has a chance in politics is now gone, greed driven America pushed the middle tier, the buffer of reason away, now we see the high tier (a few thousand) versus the low tier of millions and now Alexandria Ocasio-Cortez has the platform she needed. So as we see Alexandria Ocasio-Cortez versus Bill Gates who actually made a really good case (not a console case mind you) and his correct vision gets to be blasted away by the millions who have had no quality of life for the longest of times. Now that the middle tier dissipates they have no future to look forward to either and now we see that Alexandria Ocasio-Cortez has a growing platform. And it is in that light where we see that Dutch Historian Rutger Bregman in Davos (at https://www.news.com.au/finance/money/wealth/dutch-historian-who-called-out-billionaires-at-davos-goes-viral-becomes-social-media-star/news-story/45d75de96d5161ed3bf9205d79a0c063) makes not one but three points. He mentions at 0:53 ‘What must Industry do to prevent a broad social backlash?‘, and now we see happen exactly that, Alexandria Ocasio-Cortez is the upcoming broad social backlash that none of the industrials wanted, and they did this to themselves.

If she comes with Eisenhower methods (read: solutions), she will be the bane of industrials and the darling of the working class for 2 presidential elections and generations to come. The danger of bread and games, when the games become less rewarding and the bread turns stale, people start considering the bad place they were in. That setting was shown and basically proven by the Roman poet Decimus Iunius Iuvenalis well over 1900 years ago. Interesting that the industry forgot their history lessons, it might not lead to profit, but they could have avoided monumental losses, a harsh lesson that they might get to learn in the two years ahead.

Change is valuable; it lets the oppressed be tyrants!

 

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In my house I decide

Do you have that situation where you are and you want a new sofa, so you decide to buy a new sofa? So far, so good. You go to the shop and you buy the sofa you want. Now this is the setting where the flavour changes. So now you are there and you almost have it, yet you need it in Cobalt blue and it has to be 35 cm wider. So you tell the furniture maker that you expect that model to be there as per next week.

This is where we are when we see ‘Trump Pressures Saudi Arabia to Increase Oil Production‘. With the quote “President Trump tweeted on Saturday that he had once again leaned on Saudi Arabia, the world’s largest oil exporter, to increase production by as much as 2 million barrels a day” the NY Times implies at (https://www.nytimes.com/2018/06/30/us/trump-oil-saudi-arabia.html) that the US is in charge of Saudi productions. So in light of the setting that Bloomberg gives through “President Donald Trump said he persuaded Saudi Arabia to effectively boost oil production to its maximum capacity to cool down prices“. In that directive, I think that we all deserve equality and that fair prices need to be set. So in that setting, it is my view to demand from the president that he call Bill Gates and demand that the pressure on the life of gamers need to be equalised and through that, he must demand that Microsoft on line stores prices should not be more than 20% of the physical copy of a Microsoft product, or a Microsoft Live, or a Microsoft game console product.

You get it Donald? It’s their house, their product, their choice. Your predecessors fucked up ‘your’ house by not properly taking care, now that the consequences are here, you have to pay, that is the deal in real life. 1300 children are killed each year through guns because the previous holders of the oval office refused to take proper care (an ATF reflection).

The people are in a state when we see that California has the 50th lowest quality of life for all states in the US, a consequence of not being able to set the proper stage against exploitation, yet that is not possible as we see through CNN (at https://edition.cnn.com/2018/01/13/opinions/sams-club-walmart-corporate-greed-tasini-opinion/index.html). We merely have to see: “as if by doling out money, Walmart should earn a medal. But, let’s look closely at the reality. If you worked 40 hours a week, 52 weeks a year at $11 per hour, with not a shred of time off, you would earn $22,880. The federal poverty rate for a family of four is $24,600 — and the formula for the official poverty rate understates the difficulty of surviving at that income level“, now consider getting by anywhere in California on $22K, that whilst the bills pile up and when we consider the dozens of Sam’s club stores closing in California, the people will need to see where they can ends meet soon thereafter. It means more mileage and that is where cheap oil is essential, without cheap oil the American cogs stop. So as the US has already pissed off the larger player (Iran), it is desperate to get Saudi to give 2 million barrels a day more so that the price can be kept low. Yet, why should they? Were we given fair dealings in the 90’s? When oil makers could make a killing in upsizing price on petrol, were we protected? No, we were not, yet now, all have to give in for the needs of America. So what’s in it for Saudi Arabia, two F-35 squadrons on the house perhaps? So now we get to US News (at https://www.usnews.com/news/business/articles/2018-06-30/trump-claims-saudi-arabia-will-boost-oil-production), where we see: “”During the call, the two leaders stressed the need to make efforts to maintain the stability of oil markets and the growth of the global economy,” the statement said. It added that there also was an understanding that oil-producing countries would need “to compensate for any potential shortage of supplies.” It did not elaborate. In a statement issued Saturday night, the White House did not specify that Saudi Arabia would increase production but that “King Salman affirmed that the Kingdom maintains a two million barrel per day spare capacity, which it will prudently use if and when necessary to ensure market balance and stability, and in coordination with its producer partners, to respond to any eventuality.”“, yet in that how must we see ‘necessary to ensure market balance and stability‘, and in line towards the needs of others? How is that seen? You see the US is not the only place with an issue, even as the signals are clearest in the US, seeing southern Europe in a state where ends can barely be met, the need is actually seen in different ways. That is partially set when we go to Oilprice dot com. There we see Gail Tverberg give us: “Newspapers in the United States seem to emphasize the positive aspects of the drop in prices. I have written Ten Reasons Why High Oil Prices are a Problem. If our only problem was high oil prices, then low oil prices would seem to be a solution. Unfortunately, the problem we are encountering now is extremely low prices. If prices continue at this low level, or go even lower, we are in deep trouble with respect to future oil extraction“. When we look back we see that the oil prices have been above what it is now from 2004 onwards, with a small dip in 2009. So the issue of prices should not have been an issue, because all prices go up, even if the production prices go down (like downloading online games), the full price (sometimes even more is demanded, also when the shoe is on the other foot, does the US have any right to complain? In this Europe is in a similar track. This is clearest seen in the Independent (at https://www.independent.co.uk/news/business/news/uk-petrol-pump-prices-latest-rise-crude-oil-diesel-cost-aa-a8382801.html), where we are treated to: “UK petrol prices near four-year high despite crude oil costs falling. Latest figures from AA show pump prices have not followed the slight decline in crude costs over recent weeks“, in addition we were given “Less than a month ago, the petrol retailers were falling over themselves to warn of pump prices at record levels. Now that the price of oil has fallen away and fuel costs have followed, in true form, they have kept quiet and carried on charging cash-strapped motorists the maximum for their fuel“, that was last month, and now there are indication that such a move might not be far behind in the US and for them the only remaining option is to artificially push prices down.

So who is in charge in the house of Saud? One would assume the King, yet the way the US is presenting the news, he is not and that is a really bad move to make. If there is a chance that barrels get back to $100 each, the setting from California becomes a nightmare, with summer and no air conditioning, the people are faced with air conditioning in their cars, so that they, oh no! They cannot afford the gas, because when a full working week still leaves you $2,000 below the poverty threshold, we will see that life in California will not be one for the better, but one for the lesser. So when we get back to the quality of life with Texas in 46th, Nevada 43rd, Alabama 35th, and Georgia 32nd, those living there and smothering to death because of the fuel prices might consider North Dakota in 1st, just be aware that they also get fuel prices, they get them in winter. Yet the list (at https://www.businessinsider.com.au/us-news-best-states-quality-of-life-ranked-2018-2), in the end, the quality of life i not merely the heating and electricity, the fact that I push it does not make it correct, it is merely a factor in that larger setting of a nation where equilibrium has faltered for too much and the unbalance is not merely there, it is also all over Europe. The entire ‘everyone on the equal size‘ was never going to work, but those worse off were willing to sign on for the EU fairy tale. Now that the dream ended and the owners of resources have a clear option to push forward their own agenda’s, the other players start being cranky because they continued the unrealistic dream.

It does not stop there, in their house (the USA) the issues are now equally exploding as Axios reported that “21,000 companies in the United States have filed for tariff exclusions claiming Trump’s trade war has caused layoffs and makes them at risk of folding completely“, yes that was always a danger and it is now hitting the US full on, so whilst there was the given notice of benefit, the drawback is growing almost exponentially. That whilst CBC (the Canadian edition) reported “On Friday, the federal government unveiled an updated list of U.S. products that are about to be slapped with tariffs while promising to spend up to $2 billion to protect jobs in the steel and aluminium sectors on this side of the border in the wake of a burgeoning trade war with the U.S.“, so not only is the US down $2 billion (and a lot more than that), the inflicted damage of businesses folding (as Axios stated it), is the double whammy of the worst kind on the US economy. So not only are they facing ‘retaliatory’ issues from Mexico, China and Canada. The setting is now that in addition to the backlash on one side, the other side is buckling too. This is given to us by Jeremy Grantham (co-founder and chief investment strategist of Grantham, Mayo, & van Otterloo, a Boston-based asset management firm) gave us “Once you start thinking in certainties, you have real trouble. When the facts move against me, I moved down from 50 per cent probable to 35, which is my official forecast. If we keep on fighting trade wars with Canada and the EU, and so on, it will go to 30, and then eventually 25 and fade away“, so these are merely probabilities of making even or better. So how many will invest their fortune when the chance of merely breaking even is on a half way chance or worse? It seems to me that the option of short selling US commodities never looked better. Don’t take his word for it, I surely wouldn’t do that. What can a 79 year old Brit tell you? The fact that he is on the list of the 50 most influential voices in the market would not count, would it?

We can agree that the house of Trump is in all kinds of settings and dangers, but it is his house (to merely coin a phase). In that same place the house of Saud is the sandbox of King Salman of Saudi Arabia (with oil and all). The mention that: ‘he had once again leaned on Saudi Arabia‘, is not only a wrong setting, it is a disrespectful one and the NY Times should have known better. You see, the NY Times implied a quote, yet the actual quote was: “Just spoke to King Salman of Saudi Arabia and explained to him that, because of the turmoil & disfunction in Iran and Venezuela, I am asking that Saudi Arabia increase oil production, maybe up to 2,000,000 barrels, to make up the difference…Prices to high! He has agreed!“, which is a very different setting. Now, we will never accuse President Trump that he has any correlation to a diplomatic mind, but the given issues ‘turmoil & disfunction in Iran‘ , as well as ‘am asking that Saudi Arabia increase oil production, maybe up to 2,000,000 barrels‘, the message is not the same and there the NY Times failed the readers in a disastrous way.

There we see that a dialogue is optionally created where lowering oil prices might get the US through the next summer and winter. In these two houses (US & Saudi Arabia), we see changes, we see technological progress in Saudi Arabia, yet in the US that is happening less and less because the house of US is as Americans say ‘not a house of us‘, it is the house of Wall Street and we are merely allowed to rent it for now. It is a dangerous setting and the changes that the Tariff war will push, as well as the exploitative nature of corporate America. You merely have to look at the track that it took for minimum wages to go up by $1 an hour and when you consider that the minimum wage was $7.50 in 2007, So when you consider the consumer price index and that it was 209.876 in 2007, and that it is now 261.696 implies a 24% shift, the income gives rise a 46% increase, one would state that this is good. Yet the one does not refer to the other and that is where the people are really hurt by people hiding behind consumer indexes. You see, the Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care. It is calculated by taking price changes for each item in the predetermined basket of goods and averaging them. And that is where the issues start. Not merely the ‘average’, the fact of where they are offered and where the people are. Transportation has taken a much larger shift as has the price of medication, so the entire setting is out of balance. So when we see: “The cost of living in California is higher than the national average. State of California salaries average $62,964.00, indicating a pay rate that is higher than the U.S. average annual salary by $9,343.00. The consumer price index (CPI) of 270 in California is 10.20% higher than the U.S. city average CPI of 245. The sales tax is 7.25%“, all shifts that line up and now look back at the Wal-Mart person having to get by on $22K. Now, California is the most visible one, but by no feat the only one, or the largest one and similar issues are growing in Europe. That is the shift that matters. We need to make sure our houses are in order and we have rights to decide on how our house is set in order, the ones elected to be in charge decide, not the media or the players setting a stage of profiteering. The gap of rich and poor does not merely exist, the gap between the two is growing faster and faster on a daily basis. Did anyone ever signed up for that?

I have no issuer that the well-educated and the visionaries make more, because that is the game, yet the issues are growing where those who have neither are rigging the game in their favour and against everyone else. The mere indication that governments let them is also a larger issue and even as we see that it is the largest in Wall Street, that same issue is seen all over the world, even in Australia where parliament is all up in arms on issues that are not gifted with any evidence on stopping Huawei, whilst we see a larger push from places like CBRE and the Noble Investment Group on housing that no one seems to be able to afford. The leaflets look to good to be true, but when we see, it is all in Chinese, is that not peculiar in Sydney? Whilst we see in the Sydney Morning Herald (at https://www.smh.com.au/business/companies/investors-snap-up-90m-in-city-fringe-offices-20180610-p4zknj.html), ‘Investors snap up $90m in City fringe offices‘ with the quote “Investors have snapped up more than $95 million in sales of city fringe office assets to get a foothold in the booming sector“, with in addition “CBRE and JLL recently co-sold the 7 City View Road property in Pennant Hills, Sydney to EG Funds Management for $32 million. It is leased to the National Broadband Network, which is moving to Dexus Property’s 100 Mount Street when its completed, and Government Property NSW“, that whilst social housing is at an all-time low. Is it not interesting how governments give millions away with a marketing ploy down the road that it feeds the coffers? Yet when you give away 90 million, how much do you snap up? That in contrast from Android Headlines, who gives us: “In a prepared statement, Australian Prime Minister Malcolm Turnbull asserted the laws passed on Thursday aren’t meant to target any particular country but previously went on record to express concerns about China’s geopolitical ambitions in the region, having previously admitted the new legislation is bound to raise tensions between Canberra and Beijing. Previous reports suggested Australian lawmakers resolved to enact harsher punishments for foreign political interference attempts after the local intelligence community provided them with evidence suggesting China attempted to influence a broad range of its institutions, going to the very top of the administration“. So when we see ‘harsher punishments for foreign political interference‘ did the PM consider that they already opened the door to make housing unaffordable? So when you can no longer afford to live anywhere, does it matter what happens afterwards? It seems to me that the PM is playing a game of the parliamentary calling the landlord dubious, whilst giving a wide open field to those changing the settings towards Australian quality of life. It seems almost childish to look at the Huawei Mobile because it was not made in America.

So when we look at ‘In my house I decide’ was that merely the building, or does that include the commodities and the Feng Shui setting of what brand of mobile is allowed and who delivers the crude that pumps the ovens for the creation of electricity to recharge our mobiles?

How deep did the security services look into the fact of those (read: Chinese investors) who are the upcoming landlords of Sydney

 

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Guns on a plane

The Washington post is giving us another look at a situation we saw but most of us (including me) in the light it deserves. I mentioned it a week ago to some degree, but in this (at https://www.washingtonpost.com/blogs/post-partisan/wp/2018/02/27/hypocrisy-takes-flight-in-georgia/), we see that Karen Tumulty takes an interesting look at hypocrisy. She starts pretty hardcore direct with “Republicans have been trying for years to convince us that corporations have First Amendment rights — at least, that is, when it works in their favor“, although in this light the wooden spoon should hit the democrats with equal vigour. So when we see “Protecting free speech was the principle behind the Supreme Court’s 2010 decision in the Citizens United v. FEC case, which lifted the ban on corporate spending in elections and opened the spigot for unlimited outside spending” we see the first part, and with “Religious freedom is the rallying cry in a raft of efforts to give businesses the ability to deny birth control to their employees or to refuse service to customers based on their sexual orientation” part two. Yet we see the power that Karen has a much stronger point with “I will kill any tax legislation that benefits @Delta unless the company changes its position and fully reinstates its relationship with @NRA. Corporations cannot attack conservatives and expect us not to fight back”, in that instance I agree with the sentiment to the smallest degree and less with the action that Casey Cagle, ‘replacement’ (read: secondary) Governor of Georgia is making. You see, I saw the Delta move not in regards to enticing NRA members, as guns are not allowed on a plane, but the fact that they decided to cater to 5 million members, basically the discount was wooing almost 2% of the American to choose Delta instead of the other company that owns planes. It was just a good business strategy. In light in all this, when we use the Delta information with “Adjusted pre-tax income for the September 2017 quarter was $1.7 billion, a $182 million decrease from the September 2016 quarter”, so why they are given a $50 million jet fuel sales tax exemption t begin with is beyond me, it is not like the US government with 20 trillion in debt should be able to give tax exemptions to begin with. It does remain a matter that America is a populist culture that is emotionally blaming the largest target that makes them short sighted, a failing skill in marksmanship and overall they are not too clued in, which still remains their right to have.

But it is not about them, it is about the way that corporations are running for their life because the NRA member is the preferred member to discriminate at present, which is hypocrisy gone nuts I say. There is however another side that Delta was happy to ignore. You see, when we see: “In other words, it was a business decision, made not to promote a political agenda, but to distance the airline from controversy by treating NRA members just like its other customers” is one take, but consider that up to 5 million will now NOT be flying Delta, whilst the others are not Switching to Delta (in light to a previous annual downturn of profits) gives rise to the likelihood that Delta will have to report their numbers to be down for at least another year. In light to the reference to Delta withdrawing support from the New York City’s Public Theater shows them to be not strong of character, merely weak in the back, merely paperbacks, not a hardcover among them. So when the $50 million jet fuel sales tax exemption does not pass and they lose on customers as well on reduced cost of ‘existing’, how will Delta then look at its poor record of character?

Even as we are all likely to agree on: “There is a reasonable argument to be had over whether that kind of tax break is smart economic development on the state’s part, or corporate welfare. But Cagle’s threat makes it clear that what’s really going on here is political retribution, not economic policy” we need to acknowledge that Delta basically got caught between populist shortsightedness and 17 cadavers. Yes, I am stating it that blunt, in light of the UN ceasefire failing in Syria and the 250 fatalities in Syria in the last 2 days alone. How much outrage against the Syrian government and the Russian mercenaries was shown? Oh, no! Perhaps it does not count if it is done with plane bombs and artillery shelling?

It is cruel to set the Florida victims in such light and I do apologise for that, but it is important to see that we seem to have multiple grades of values in place and that is not fair (read: acceptable) either, especially as these NRA members, those 5 million get the hatred and bullying in light of acts they never did, contributed to or set any level of approval towards. This entire matter is exploding (with exception of the family members of these victims) by people who hate people that like guns. It feels too much like the segregation and isolation of the Jews in the Germany in the 30’s as well as the Netherlands (and several other nations) during WW2 (an exaggeration, I admit). Yet in all this, I feel that the NRA spokesperson Dana Loesch is equally off her game (at http://www.news.com.au/world/north-america/florida-school-shooting-nras-response-to-parkland-attack/news-story/9f565d930e6fe7e9a6d1fd768190f696). With ““I don’t believe this insane monster should ever have been able to obtain a firearm,” Ms Loesch responded. “This individual was nuts,” she said. “None of us support people who are crazy, who are a danger to themselves, who are a danger to others, getting their hands on a firearm.””, she is right of course, but the entire mess of calling him nuts sets the mental health issue in play and even if we agree to some extent with Joe Rogan, the comedian and podcaster of ‘The Joe Rogan Experience’ as he stated in one of his podcasts on “how the “gun problem” is actually a mental health problem“, he brings a decent case, but there is an issue on several matters. You see if a person is sane enough not to trigger flags when trying to buy a gun there is a more complicated matter in play, optionally not all set towards mental health, in addition, none of the parties involved have touched on the ATF failings, which I found and continued on after the Deutsche Welle brought it to my attention. That part alone is a much bigger failing on ALL the parties involved. I raised that issue 6 days ago (at https://lawlordtobe.com/2018/02/22/united-they-grow/), with the reference to the Deutsche Welle article. At this I understand that the NRA needs a working relationship with the ATF, but that should include showing them the failure (read: fault) of certain matters, even if that causes ‘discomfort’ of the consumers towards the issues of second hand firearms sales. Dana could have conceded there to some degree showing how certain matters could have been safer, no matter if that impacted the Florida shooting or not. Any improvement is one that both sides need to grasp.

So even if we give proper acknowledgement to “To her credit, Ms Loesch did have the guts to show up to CNN’s forum, knowing she would face a hostile crowd. And the survivors of the Florida shooting grilled her“, I equally see that Broward County Sheriff Scott Israel saw things wrong. He has a point only to some degree, yet with ““I understand you’re standing up for the NRA and I understand that’s what you’re supposed to do,” he said. “But you just told this group of people that you are standing up for them. You’re not standing up for them until you say: ‘I want less weapons.’”” he shows a flaw. That is not or has ever been the function of the NRA and it is not about wanting fewer weapons, it is about stopping a person who had been flagged more than once and nothing ended up getting done, as well as keeping the American environment safer due to proper handling of firearms, as well as emphasising on the need for proper gun care and gun safety. The previous articles show that. He is correct with “stricter gun control needed to be introduced“, yet equally the ATF issue was not raised, even as the Deutsche Welle article had already hit the limelight by the time the forum happened. So why was this element not discussed there? In that regard I am happy to exclude the family and friends of the victims on that topic, but they should have been informed by the US media at large and that was not the case either.

If there is one element that Dana Loesch requires a discussion on it is given with “I had to have a security detail to get out. I wouldn’t be able to exit that if I didn’t have a private security detail. There were people rushing the stage and screaming ‘burn her’. And I came there to talk solutions, and I still am going to continue that conversation on solutions, as the NRA has been doing since before I was alive“, in that she should open the discussion on the ATF elements, as well as seeing their budget increased by close to 100%, so that the ATF can look at the current situation and get a report in place that might actually result in better gun control, because in that light not only does it serve the NRA, there is every confidence that in the end it will also serve the 5 million members that the NRA has, even if it comes with 1-2 inconveniences, in that light I can state that inconveniences have until now never resulted in fatalities, unless you are in Syria, where we see “Russian President Vladimir Putin ordered a daily five-hour humanitarian pause in hostilities in the besieged Damascus suburb of Eastern Ghouta, as bombardment has continued despite a UN resolution calling for a ceasefire“, apparently a 30 day ceasefire was too much of an inconvenience. Yet there is another side not mentioned. This was only brought to light just now by Fox News. We see (at http://www.foxnews.com/opinion/2018/02/27/nra-just-got-new-member-here-s-why-this-mom-two-joined-group.html) on how “a mom of kids in elementary school, I became a proud member of the NRA for the first time last week. I did so because the absence of common sense that I’ve witnessed recently is alarming to me as a parent“, this is to some degree to be expected, yet in light of the entire populist emotional mess that the Stoneman Douglas High School shooting is now bringing. You see the entire emotional mess that is pushed by too many ‘gun hating sides‘, not the friends and family of those victims mind you, which I see as an excluded group as they get a pass to be as emotional as they want to be, the others should have taken some level (read: any level) of a common sense road. The entire matter worsens when we realise that in the last event there is plenty of blame to go around. Even as the FBI admits to its failure, it in equal measure should have mentioned the many times it got things right, which gives us: ‘the terrorist axiom’. Any terrorist only needs to get it right once for any valid system or solution to be under attack and soon thereafter could become less effective. That danger is very much in play here and still the ATF remained off the sniper scopes of the media at large, especially in the USA, which is a rising oddness in all this.

To me the highest issue are the politicians and populists who are stealing the limelight in the guise of those poor 17 fatalities, whilst with a brazen state of illusion going after the NRA. It is in comparison almost like me calling Bill Gates a weepy geriatric softy because Apple IOS exists, and it only exists because he could not get the Windows editions, and safe affordable windows phones hack free and fast in time for Apple to be irrelevant. it is a weird and utterly obsolete way of thinking, but that is what we face and in that regard, the Fox News article which gives us “When I joined the NRA last week it was because I was tired of being preached at by people who are unwilling to look at the problem and only want to treat the symptom. It’s easy to blame the NRA, and it’s easy to blame guns. It’s the new trendy target, but it’s not the solution” and that is the truth of the matter which all the shouting parties are ignoring as well. So, as a pro gun person, am I happy with what the woman did? I cannot tell, the article does not tell me that she is a responsible gun owner, that she is clearly trained in properly using a firearm (which can be done in one weekend), but also whether she has all the right settings and safeties in place, so that when she is working, her early teens, when they are that, and find the gun and start playing with it because it looks cool and that is how ‘cops’ and ‘detectives’ hold their guns and shoot when they go after their ‘criminals’ in their playful fantasy. The Fox article is short of certain questions that should have been asked, or have been intentionally omitted from the article, I cannot tell either way, but that is also an issue here. And even when we see the trivialisation of “Timothy McVeigh used fertilizer to kill 168 people in an Oklahoma federal building in 1995“, whilst we see no mention of the technological solution to reducing the usefulness of Semtex to terrorists as well as the control and monitoring of the sale and distribution of Semtex. So in that changes has been made to some degree, we cannot tell how well it works but changes were made, so Fox News misses the target at least twice, making the article nothing but a shot in the dark at best, a worrying one, because mothers tend to get frantically neurotic when it is about keeping their children safe and as such thousands of new NRA members could come to the NRA fold, but as a gun lover, do question if they are doing it in the proper path, because the right way does not hold any water to a mother in fear of her child and too many are seeing that no guns is not a realistic option and mothers tend to look for and demand Direct Action in that regard.

And all this merely fades into nothingness when we realise “The U.N. humanitarian chief warned Tuesday that conditions in Yemen are “catastrophic” after three years of war, with a record 22.2 million people needing aid and protection“, (at https://www.washingtonpost.com/world/middle_east/un-humanitarian-chief-calls-yemen-conditions-catastrophic/2018/02/27/651660e8-1be0-11e8-98f5-ceecfa8741b6_story.html), so when we see “Undersecretary-General for Humanitarian Affairs Mark Lowcock warned the Security Council that conflict in Yemen has escalated since November, leaving more people hungry. “Famine remains a real threat,” he warned“, a nation where close to 85% of its population is now stricken with despair, famine, disease and death. As the UN reports to the people that close to nothing has been achieved, 85% of a nation approaching death. So as we relate that to the emotional and populist activities that followed a tragedy of 17 victims in regard to their limelight. We can make that into a movie and call it ‘Guns on a plane‘, in relation to its Herpetological cousin that cost $33 million to make and made $66 million in revenue, so there would be that consideration to keep.

 

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As the party ended

Consider a firm, it has 1.4 million employees and 4672 stores in the US. So basically this employer is employing 0.43% of the entire population that makes it an extremely large player. Now, I have been critical of this player in the past on several occasions. A player this big tends to maximise profit at the expense of whatever gets in the way. It is for all extent and purpose, the American way. So what happens when places do not make the cut? What happens when the plug is pulled? Don’t get me wrong, I will not oppose the right of this player to do that, pulling the plug is a business decision, and for the most a valid one. So when I read: ‘What happened when Walmart left‘ (at https://www.theguardian.com/us-news/2017/jul/09/what-happened-when-walmart-left), we need to ask several questions. The quote “But for the people of McDowell County – proud country folk labouring under the burdens of high unemployment, low income and endemic ill health – even such a fleeting visit to this rural backwater by the world’s largest retailer had a profound impact. Both in the arrival, and in the hasty leaving“, as well as ““All Walmart was interested in was how many millions of dollars they made, they weren’t interested in helping the community,” says McDowell County commissioner Gordon Lambert. “When they didn’t make the profit they wanted, they left.”” Here we see corporate America in action, yet in all this, should we blame Walmart? Personally I say ‘No!’, you see, this is not about what is right, it is what is correct and legal and the US government allowed and pushed for this path for the longest of times. It legally does not matter how rich the owners are, even as I have objected to the level of exploitation, my objection were based on social correctness, legally nothing wrong was done. You see, the first step to blame, if blaming is the proper word would be Terry McAuliffe, Governor of Virginia, Terence Richard McAuliffe is an American Democrat, politician and former businessman. As for the other areas, we have Joe Manchin (D) and Shelley Moore Capito (R) in the Senate, as well as Evan Jenkins (R), David McKinley (R) and Alex Mooney (R) in the House of Representatives. The question is what did they do? What options did they have for those suddenly out of work? You might think that they have nothing to do with this, yet when ONE employer has given 0.43% of the entire population a job, closing 154 stores in 2016-2017, that implies that thousands of jobs are lost, not all of them with the option to be retrenched, so at that point the House of Representatives would have needed to take a long hard look at the alternatives in stopping the creation of ghost towns and derelict business properties. We might not consider the impact or the legality, yet what would have been possible to limit the damage to some extent? There might have been a few options, yet in that certain legalities should be changing in that regard and as such the political side in all this, seems to have been largely too quiet.

The article by Ed Pilkington in McDowell County, West Virginia shows the devastating impact. Some might find it a little too emotional, yet what other side is there? If the political side remains absent, what stories of opportunity are possible? Another quote is ““The Walton family are billionaires,” she said (also no exaggeration – their collective worth is put at about $150bn). “They developed a system that just made us worse off, and then they took even that away from us.”” is not invalid, yet that shows that there is a clear political failure. We can argue the legislative side, yet as the laws are not broken, the US political branch has a clear requirement so alter certain views. It is an essential change towards any employer that has such a powerful grasp on any geographical infrastructure as the one that a player like Walmart has. We see the news on a nearly daily basis that there is a pressing need for Gag orders on search warrants, yet there is no protection on the risk of thousands of people becoming homeless. As given, there is a growing concern that the US is moving towards a phase where the ‘rights to life‘ is being removed from people. I discussed part of this in ‘Confirmation on Arrival‘ (at https://lawlordtobe.com/2017/07/04/confirmation-on-arrival/), in this “We went from governments, to organisations, we left fair opportunity behind and moved to ‘those who have and those who have not‘, and they are soon to be replaced for the ‘enablers and obstructers‘ and those who are the latter would fall into the shadows and face away.“, when we look at West Virginia, the bulk of these people went from enablers (or those who had), into those who don’t have any longer and are seen as ‘obstructers’ of profit requirements, and now? It seems that the political branch is failing these people as are the better part of the administrative side where those without a job and options fall. The issue is that under the minimalized options that Walmart was allowed to ‘hide’ behind, we see thousands of people who had no option to build any reserves, so as such their plight is even more drastic and diminishing increasingly so.

Yet, is that at present a political issue?

I think it should be, as the administrations catered to the need of maximised profit and took away levels of rational accountability, the large players could walk away. So should Walmart not be allowed to walk away? No, that would be equally wrong, yet for any company to have such a large stake in any location to this extent, means that the political players should have played for a different scenario, where the leaving party would be required to give extended severance packages for a much longer time. In addition, an alternative would be that the county would in fact confiscate all equipment from those local Walmart stores, allowing for the start-up of butchers, grocers and other shops. Small community shops that would give to some extent a longer lasting time and perhaps keep some economy going in McDowell County. Let’s face it, Walmart would have written off this stuff for the longest times. In addition, not allowing for some cheap lease option means that the shops have an actual local commitment. It might not have saved too much, but some saving could have been an option. Even as Walmart walked away because of profitability from their spreadsheet, small local businesses might still have thrived, which meant that McDowell County could see a larger prevention into becoming a ghost town. There is no guarantee here, yet in all this, how would the pressure be on places like Asheville, Hickory and Morganton and as certain start-up phases are instigated, would that also benefit those places? More important, could the negative drag be minimised in this way? Consider the quotes we see in the Bluefield Daily Telegraph, where earlier this year we see ‘Education, technology focus of Gov. McAuliffe’s visit to SWCC‘ (at http://www.bdtonline.com/news/education-technology-focus-of-gov-mcauliffe-s-visit-to-swcc/article_9a6356be-3f60-11e7-9b53-5bcd6e225a58.html), now consider the impact merely an hour away where thousands of jobs are lost. What would be the education impact, both in retaining students as well as gaining new ones? These are the real life local challenges and a strong political support system is essential in preventing such infrastructure disasters. If the impact of Walmart was so big, why allow this place to be lost, even if that means getting independent providers to retaining business? If one Walmart is a grocer, baker, butcher, electronic store, a gun shop, a furniture store, a liquor store, a sports store, a clothing store and with their large infrastructure making some profit, there is no way that small 1-2 family stores could not take over the bulk of business needed and not make a profit. What level of non-Walmart retrenching was in place? Was there any in place?

So as I go back to the article with “It was a big thing for people round here when Walmart pulled out. People didn’t know what to do. Young people started leaving because there’s nothing for them here. It’s like we exist, but we’re not existing.”“, in addition there is “She remembers the excitement when the supercentre opened. “People welcomed it with open arms, we needed the jobs,” she said“, the question is not merely the jobs, it is about the consumption and the people buying. So what if that one large box becomes a large box with 20 small stores? The building is there, the power connections are there. Could it be retrenched as a small mall? The statistics shows the decline from 100,000 to 20,000 a coal fell away, yet 20,000 people still need goods, they need clothes and food, in the end it might be cheaper for the government to consider side steps instead of letting it fall away, and in all this Walmart loses a vote of rights to property. They walked away did they not? It is a written off place and even as their accountants cannot resell or write off, they would have to accept the losses, and they walked out. There might not be a legislative option, yet there should be one, this is why the governor was my numero uno person to point at. He is el-Jefe (Just Everyone’s Friendly Executive) of Virginia and solution driver (or should be). If we can turn this around (extremely speculative), there would finally be a starting point to turn the US economy around. When the presented vulture economy is reduced to a community economy there would be a starting wave of growth. Now, do not expect this to be the actual solution, yet any waves that limits reduction can also be seen as initial growth. It is from those moves that visionaries are grown that will change that wave into actual forms of visionary retail. This has been proven again and again as places like JC Penney started in 1902. That is well over a century ago. I cannot predict what will come next, because the world will be changing in large ways over the coming 10 years, yet as I see it, the larger vultures like Walmart and Target are either transforming or on their way out, mostly they are on their way out as they are trying to consolidate maximised profit, when that happens we see truly see new places grow that are all about personalised customer interactions, and this will start with small stores. This is not about data, this is about interactions and that has forever started with a family business. You see, from the early days we saw that, for every one Mark Zuckerberg or Bill Gates there were 10 George Dayton’s. This is where the new economy will come from, not from the large iterative players, but from the small innovators. They will not merely build new business; they will keep places like McDowell, VA on the map. It is a first clear requirement for infrastructures not to lose the plot, of where they are on the map (You are here —> X), yes ‘X’ will mark the spot for the new player, and as new options are rising from the ashes, there will be economic movement, small art first, but that is how any train starts, it starts slow! This is in opposition to all those large US players who seem to live of the virtual possibility that they are all AAR Standard S-4200 trains that hold the acceleration of a formula one car. When you realise how short term, stupid, that train of thought is (pun intended), you get to see the first realisation that is drowning the US economy. For the reality is that those who not truly create are merely in the process of instigating decline.

Donald, now President Trump, stated: ‘let’s make America great again‘. In that I agree that it would be possible, yet only if certain ‘truths’ are not just adhered to, but actively supported through government. It might not save places like McDowell, VA, yet it is possible to reduce its decline and give time for the local community to see where growth could be created. It could be the starting template for other communities to follow. You see one Walmart is merely a store, a community is an optional force of nature and when fighting nature you always lose! In history the Dutch are the only ones ever to win a fight against nature and the fight they won was not getting drowned. Those dikes are merely holding back water, yet as the lowest point in the Netherlands is 23 feet BELOW sea-level and when you also consider that 21% of that nation is below sea-level and 50% is merely 3 feet above sea-level, it is one hell of a fight they did win. In the end it was one person, Cornelis Lely (1854-1929) who created the concept in 1891 that would change the war against the sea forever, merely one visionary creator!

So as the party for some of these places have ended, it will be up to the governors of their states to see what changes can be set to alter the future of these areas by first diminishing the recline and allow for time to give birth to the next visionary. They might not just save the state; they could captain a new direction for a nation that is in dire need of a few actual visionaries.

 

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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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Waffles, the Welsh Sidestepper

On my side, my party (specifically George Osborne) is stating that Brexit would leave UK ‘permanently poorer’, whilst on the other side we see Boris Johnson stating: “‘Its b******s’: Boris Johnson hits out at David Cameron over impact of Brexit on trade and jobs” as given in the Independent.

I stand by my party, but there are questions that need to be asked. Brexit, as well as a bankrupt America has been forever about greed moving, about giving in to banks and financial institutions. When we look at the Panama papers (and the debatable method how they got out in the first place), we see a banking structure that is completely greed driven, whilst we see again and again how the US (Congress, the Senate and the White House) give in to that greed whilst being unable to manage their debts and their budgets. In that same light we see the EEC remaining unaccountable for too long, pushing debts, overspending and non-accountability.

The Conservatives need to realise that scaremongering is no longer a method, yet here, is my usage of scaremongering correct? Are they scaremongering? You see, when we see statements from the PM, the Exchequer and the governor of the bank of England, we need consider the positions they hold. We might all consider the fact that we are being ‘misled’ because of a desperate, clueless and greed driven America, but is that the actual fact here?

I wish I could give you a clear concise and utterly precise answer. That I cannot do. Yet, what can I show you? Let’s take a look at that part!

The first consideration is given in the Independent (at http://www.independent.co.uk/news/uk/politics/its-bs-boris-johnson-hits-out-at-david-cameron-over-impact-of-brexit-on-trade-and-jobs-a6988236.html), where Boris Johnson gave us the following: “Now there is this idea that trade is entirely controlled by governments, that no trade takes place unless governments agree with each other” and “Well, b******s. It’s nothing to do with governments. It’s to do with businesses, people and enterprises deciding they have something to buy or sell“. We can to some clear part agree towards this? America is the best example here. They will sell anything and anyone at the mere drop of a hat (any hat), business is merely the operation of a seller selling its goods. Every corporation needs sales, whether locally or internationally. As the UK is selling, it is also buying, because these two go hand in hand; there is an equilibrium (at least some form of). As long as a nation exports more than it imports it is making a clear profit (whether taxable or not is another matter). This simple truth gives validity and power to the words of Boris Johnson.

The Bank of England gives us the following (at http://www.theguardian.com/business/2016/apr/14/bank-of-england-warns-brexit-could-do-serious-harm-to-uk-economy). We get to see: “extended period of uncertainty about the economic outlook, including about the prospects for export growth. This uncertainty would be likely to push down on demand in the short term,” then we get “A vote to leave could have significant implications for asset prices, in particular the exchange rate. The MPC would have to make careful judgements about the next effects of these potential influences on demand, supply and inflation. Ultimately, monetary policy would be set in order to meet the inflation target, while also ensuring that inflation expectations remained anchored” and finally there is “A Reuters poll this week found that 17 of 26 economists thought a vote for Brexit could prompt the Bank to cut interest rates for the first time since the financial crisis“. First the last one, because it is an easy option. I think that is a reality that the UK would face no matter what. Do you think that Mario Draghi setting negative interest rates would not impact the UK? Do you think that Draghi starting a spending spree, one that monthly exceeds the total fortune of Bill Gates will not be felt (at http://www.bloomberg.com/news/articles/2016-04-01/draghi-begins-ecb-monthly-bond-spend-exceeding-gates-s-fortune)?

We see in the News that Draghi has a planned total of about 1.74 trillion Euros of purchases in mind. That much debt added on the Eurozone. Who is paying for that? No one in Europe has that kind of cash, so explain to me how this would end well for anyone except the bankers and the financial sector? What will you expect when you send your 13 year old child with your credit card into a mall? Do you think that this teenager (regardless of gender) will come back with only the rashers of bacon, a pair of socks and a yoyo? Perhaps the storekeeper will talk your teenager into the consoles, shoes and lollies. It’s a credit card and the bill does not need to get paid at present. This is the reality the people at large have had enough of.

Now, back to the main line, because neither is lying, but in this first part, does the forecast of the Governor of the Bank of England matter? This situation is already out of hand, getting out seems to be the better of choices as no one is muzzling Mario Draghi, or those behind him trying to make sure that the money is spent. The Irish Times gave us another headline regarding the shopping spree of Mario Draghi: ‘In a world of negative rates borrowers get paid and savers penalised‘, in an age where the golden age group is the largest, the governments at large are using whatever they have saved to damage the elderly even more, whilst the criminals causing the damage are not required to be accountable. You might wonder how I am now labelling a party Criminal.

You see, in the Crimes Act 1900, where we see section 195 Destroying or damaging property. At Section 195(1) we see: “A person who intentionally or recklessly destroys or damages property belonging to another or to that person and another is liable to imprisonment for 5 years“. Seems odd doesn’t it? Yet, this conviction could make for an essential claim form the government as well. You see Austlii gives us “‘Property’ includes every description of real and personal property; money, valuable securities, debts, and legacies; and all deeds and instruments relating to, or evidencing the title or right to any property, or giving a right to recover or receive any money or goods; and includes not only property originally in the possession or under the control of any person, but also any property into or for which the same may have been converted or exchanged, and everything acquired by such conversion or exchange, whether immediately or otherwise“, which means that money and valuable securities, meaning ones retirement coin. In that regard, Draghi is playing with cash he doesn’t have, diminishes money he is not entitled to and the people at large are left with nothing.

Is anyone even surprised that the Brexit group is growing so fast?

So back to the Bank gov. You see, he is talking about forecasts, expected events and non-expected events. This is done as he should, but the silence around irresponsible spending has not been addressed for years now and this has the people scared, panicky and riled up, a really lousy combination if I might say so.

Now we get to the big one. The exchequer giving us “Britain would be “permanently poorer” if voters choose to leave the EU” as well as “The conclusion is clear for Britain’s economy and for families – leaving the EU would be the most extraordinary self-inflicted wound”, you see. I am not convinced. Moreover, I am not convinced that the 6% downturn would not happen. When we see spending into the trillion plus, what shortage would not happen? The question becomes how reliable is the quote “Britain would be worse off, permanently so, and to the tune of £4,300 a year for every household“. So where did he get those numbers from? There is a real risk of an economic contraction, but that risk is already there. I reckon that should the Exchequer want to regain any reliability and trust, than this full calculation with all evidence would be made public for scrutiny. That is massively unlikely to happen. This gives us the problems we currently face. Those who are needed in the trenches do not seem to be correctly informed and going public on those numbers would cause too many searchers for a document that has no longer value after the scaring is done.

Or is that scarring?

You see, this current government is not sitting safely where they are. When we read “It is a well-established doctrine of economic thought that greater openness and interconnectedness boosts the productive potential of our economy. That’s because being an open economy increases competition between our companies, making them more efficient in the face of consumer choice, and creates incentives for business to innovate and to adopt new technologies” we see the initial part of the problem.

What is written is a clear truth, but it does not touch on the issue that resides in all this. The image is given, with in personal mind that we are all accountable and that correct scope in usage is there. Yet the truth is that this required proper taxation laws where corporations can be held accountable. Governments all over (including the UK) have created a labyrinth of shelters leaving them with a mere shadow of a coffer, a government coffer that is empty, giving us the nightmare scenario we all currently face. You see, as I see it, greater openness requires accountability and the law at large has been remaining too short on the facts and yes to the options. Now we see an additional piece from the Guardian where they are explaining that magical number, still it reads like a presentation and not a journalistic piece. It is like the article is mainly the treasury making its case and no critical eye is falling on it. Yet, there is absolutely no indication that any of it is a lie. Yet, the countersign is equally a worry. The article implies that the UK could only exist through the coat tails of the EEC, that is not the image I ever held of the UK, this, not unlike the Panama papers, seem to give off a feeling that there is American orchestration. There is absolutely no evidence of it, but the way it is presented, it implies that high investment only comes from EU connections. I disagree, we only need to see how absurd luxurious and unaffordable sky scrapers come into existence in the UK to see that cash will remain on course towards the UK, the nice thing of an island is that space is finite and London is built to the max of its land size. The cost of irresponsible spending seems to be neglected as well as the paper downplaying the pressure of paying the EU. In equal measure is has (as I personally see it) downplayed the consequences of recessions. Greece has another one now, soon to be followed by Spain. Both France and Italy running high risks of two years of recession, all downplayed. The IMF added the last drop to the bucket. Again embellishing the effects of a Brexit, whilst they attacked Osborne’s austerity path in January 2013 (Olivier Blanchard), 1 year ago to the day Christine Lagarde is now admitting that Osborne’s plan was good as well as the best option.

So neither party seems to be lying, you are merely seeing different cogs of different engines in this entire play whilst you expected to see only one engine. That is no longer the case. What is still equally worrying is that the US is involved in all this. For them to not be involved is just too ludicrous to contemplate. That will be part forever overlooked. You see, the consequence that the Euro will have on the dollar has been trivialised.

This is where we stand, we see that there are no lies, but certain statements aren’t getting the proper back-up from open data. It is the rhythm in all this that we expect an American link to come forward sooner rather than later, for the mere reason that the collapse of the Euro will hit the US dollar like a sledgehammer, one that will spark collapses all over the financial field. This is something we see more and more in publications at present, but the one source I am referring to is the one I predicted on January 30th 2013, over three years ago (at https://lawlordtobe.com/2013/01/30/time-for-another-collapse/), there was no time line of the event, but I had initially (wrongly so) predicted it to be before now. So the entire Euro mess has been going on for 3+ years and again and again we get the unbelievable projection that next year will be better. Can anyone explain to me how that can become a reality when 41 trillion is unaccounted for? (US, Japan, UK, Germany, France and Italy)

Apparently debts are not dealt with, that whilst the top of banking on a near global scale ends up with a bonus exceeding 5 billion dollars (just the bonuses). Where does this money come from and who is getting the invoice on all this? It is that part that is pushing Brexit and Frexit forwards (although the massive reason for Frexit remains to be Brexit).

Waffling, sidestepping, welshing all terms to avoid dealing with the issues that are on our front door and let’s be clear, we all elected those people to do just this. If you didn’t vote you don’t get to complain! Even now, the bulk refuses to deal with anything, especially with the US element in all this. As for the perjury bit, is intentional misleading not the same as lying? It is the intentional part that bothers too many people, which is making Brexit fans as well as UKIP slightly too happy.

The final part

Here we get the final pat as excellently brought by Phillip Inman (at http://www.theguardian.com/politics/2016/apr/19/brexit-is-a-risk-to-uk-growth-says-carney). Not that word for word is such an achievement in reporting, but the article gives the part everyone should read. Here we see Marky Mark of the British bank (aka the Governor of the Bank of England) riding in on his shiny leased equestrian solution. Here we see a calm report given at the House of Lords. The important side is not the quotes, it is the way the parts were brought. The quote “Any positive impact of a [sterling] depreciation on activity would need to be set against any net negative impacts [whether on investment, consumption, exports or potential supply] stemming from its underlying cause.” He does not hit the nail with a hammer, he pretty much drives over it with a tank. You see, all he tells us in the article we get, we all understand and accept. The important side here is not what the immediate issue addresses, it is the indirect consequence of the act. A version of what lies beneath. Even if the Pound drops a little extra, that part is not the issue, the interest on a 1.5 trillion debt is the issue, that wave will hold too many people under water for a little too long, creating wrinkle upon wrinkle, each wrinkle drowning a few people with every wave. That part is addressed with the quote: “These are balances of probability, but the likelihood is that it will become more expensive to fund that deficit [if the UK leaves the EU] and, with a shift in the structure of it, it may mean that for a period the UK economy cannot run as large a current account deficit – it means that there would be less activity in the economy, less growth”. This is the brilliant side, because we waited until the Brexit crew was done waffling, we waited until UKIP shouted itself horse and the calm composed voice of Mr Carney now gives in clarity the part we all need to hear.

In perspective against the utter stupidity of the EEC with non-accountability and unregulated overspending, the British people are confronted with the simple fact that moving out of the EU will stop the ability for England to pay its debts (the interest on it). Until the economy improves the UK would go the same way as America with its unsustainable debt. It is by far the first clear element given to keep the UK within the EU for now. I have been on the fence for quite some time, but here is the one fact that matters. The British people by themselves cannot survive by itself to deal with what lies beneath.

It does not take away that the EEC needs to make massive changes, changes it needs to do tomorrow, not next week. Which shows a second part that the voters had forgotten about. You see, both David Cameron and George Osborne have been adamant and fighting to get the debt down, the one part forcing the UK in the EU, is the one element none of the conservatives want to see on the books. They prove that they want the best for England, which also gives more worry about Labour and the path Corbyn is putting the UK on, because in deep debt the UK will never have any options of choice.

So I say: Well presented and well played Mark Carney!

 

 

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