Tag Archives: bloomberg

When we say ‘Ney’ to an event

We have all kinds of events going on, some we attend, some we show interest in, some are nice to be at. We have all kinds of events that require our attention. For example if there are 7 events to watch and you can only attend 4, how will you go about it? I for one distinguish it into a whole range of requirements, the first being ‘Have to attend‘, that is number one and in that cadaster 2 of the 7 will be found, then we get the ‘Nice to be at‘ and ‘Show interests in‘, they are of equal footing (in my case), now we have three more and we can settle our differences in to any of the three, it is more of a jumble, for those two out of three we get to watch the travel arrangements, the visitor spectacle and there we are off to the races.

That is how it goes into the normal realm of opportunity, so as I look at ‘Davos in the Desert‘ it would be one in the ‘Have to attend’ group. The heads of states are there, my Trademarks office could optionally score one large fish, the tranquility of having one corporate trademarks revenue is just too lard to pass up on. And that is before we consider the opportunity that trademarks in the Middle East and predominantly Saudi Arabia with companies like SAMA, SAMI, Aramco could have over a much larger setting, apart from the IP that I am holding on to. For Bloomberg this is what I call a ‘must attend’ kind of a show, so as we are given: “Axios reported earlier on Wednesday that Bloomberg reporters were scheduled to moderate nine of the panels in a draft of the program. Ty Trippet, a Bloomberg spokesman, told Axios that “Bloomberg is not sponsoring the event or participating in the program. We will be covering news from the conference, as we did last year.”” gives a stemming sound, a ‘we are there but we are not‘ kind of hustling in the woodwork. For a show like “Davos in the Desert“, seeing Bloomberg to remain absent is almost like a denial of the importance of “Davos in the Desert“. I see it in a larger frame, Bloomberg is doing the bidding of its corner office, Bloomberg called back like the little dog it is, the wonder of this chihuahua would be the Wall Street pound, they want the world to know that they are upset that Aramco went to the Japanese. A given 3.54% of every ticket sold that would be the income of most hedge funds managers who saw Aramco as a nice on the side grown food, now going towards the Nikkei, there is a larger game afoot and Bloomberg gets to be the messenger. I wonder how many US newspapers will hold some kind of a Khashoggi reverent during the October 28–31 window, I wonder how many newspapers will call upon the dead reporter, all whilst the events in Turkey will not call for any events, will they. Yes, the death of one journalist against the bombing of an entire group of people is so much more justified. Yet there is a large group of US people in attendance, we see Treasury Secretary Steven Mnuchin, Energy Secretary Rick Perry, and White House senior adviser Jared Kushner. Former Treasury undersecretary David Malpass, now the president of the World Bank, is also on the list, as is former White House communications chief Anthony Scaramucci. Then there are the top financiers  Michael Corbat, CEO of Citigroup, Tidjane Thiam, CEO of Credit Suisse, and Noel Quinn, CEO of HSBC. Fund managers include Ray Dalio of Bridgewater, Robert Smith of Vista, Stephen Schwarzman of Blackstone, Larry Fink of BlackRock, Daniel Loeb of Third Point, and Barry Sternlicht of Starwood. Even Masayoshi Son of Softbank is there and so is Will.i.am. The British entertainer and part of the Black Eyed Peas, beyond that he is a rapper, DJ, songwriter, record producer as well as a philantropist. He gets to be there, yet Bloomberg is calling ‘no show’?

I have no goal or esparations perse, but I would go there because one customer from that isle means that I would not have to go scrapping for customers for at least 8-12 years for 50% of the time. The rewards are that impressive, also the foundation of IP laws would be sought after in such a place, and being one of less than 20 attendance given IP lawyers, it would be interesting, even if a dozen of them end up with my business card, it will gradually mean that business comes my way, now for me it is not a given but for someone like Bloomberg it very much means that the larger corporations will be setting meetings with someone like Bloomberg, but now, we see “the State Department recently booked 45 rooms at Riyadh’s Burj Rafal Hotel in support of the two “VVIP visitors” taking part in the kingdom’s third annual Future Investment Initiative, as the event is officially known“, as well as “including representatives from Goldman Sachs, JPMorgan Chase, Citigroup, and BlackRock, according to a guest list” and some of these parties will get to grow to a rather large setting especially now that Bloomberg is not appearing.

And when you look at the event: PDF DavosintheDeseert2019

You’ll see that anyone with commercial aspirations would want to attend, which beckons the question why would Bloomberg not attend? More worrying is the setting of making this blaze about a week ahead of schedule. From the very beginning when H.E. Yasir O. Al-Rumayyan, Advisor to the General Secretariat of the Cabinet of Ministers, Governor of the Public Investment Fund, KSA opens the event, until the final event where H.E. Bassem Awadallah, CEO, Tomoh Advisory, UAE moderates the final event, namely the G20, a setting I would presume that Bloomberg has vested interest in, but they give way to absentee. 70 events over 3 days, with all kinds of interim discussion options, yet the absentee of Bloomberg make perfect sense, does it not?

 

 

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Funny Money, Amusing Thickheads

There are two issues and they do not link, but they are supportive of one another. I made notice of this situation 5 months ago in my article (at https://lawlordtobe.com/2019/04/27/then-the-hard/) called ‘Then the hard‘, in the article I give “Now we get to the part where the €2.5 trillion mark matters, as the ECB is trying to find new ways to convince others that the continued provision of stimulus to the economy matters“, as I see it the stimulus protects banks, makes them more powerful, it allows for political stupidity, yet the economy has not been saved (not in the two attempts), it has not been jump started, and it has not been a positive impact for its citizens, merely the industrial executives and the rich CEO’s (OK, that was a more biased view from yours truly, the writer).

As Bloomberg gave us on Saturday (at https://www.bloomberg.com/news/articles/2019-08-31/more-ecb-officials-pile-into-stimulus-debate-as-economy-wilts) ‘More ECB Officials Pile Into Stimulus Debate as Economy Wilts‘, and when we see: “the ECB should keep all options on the table to reinvigorate inflation and growth, including a relaunch of quantitative easing“, it is at that point that the EU citizens are getting screwed (again), more debt (again) and no resolution because the ECB is about the gravy train and not about resolutions. Yes that same article gives opposing voices, yet I would not be surprised that (by a narrow margin) the stimulus people win. This is why Brexit was so important!

In the end the retirees get hammered for those debts, the ECB officials have too fat wallets to care. At this point the debts have surpassed €3,000,000,000,000 and it seems that the end is nowhere near, yet the stage of bankruptcy is there. Even at 0.1% (no debt interest is ever that low) implies that the interest is €3 billion a year. A payment that is way beyond the budgets of any of the EU nations, payment due every year whilst the bulk of them have overextended themselves with budgets that should have been shrunk by well over 5%, so pretty much all the EU nations are running an economic deficit whilst the Mario Draghi Posse is handing out more money, printed money, for a lack of a better term funny money.

What the ECB is not telling anyone that most stimulus options fall flat when the UK officially leaves the EU that is the despair there. Their options melt away when the UK is out and that is why everyone is suddenly in a panic, that is why we get these moronic acts and even UK Labour is all about remain now. And with that part we move to the second part of this.

Now we get to the Chief of Grief, the Duke of Fluke, the one and only real loser in history (as I personally see it) Jeremy Corbyn. When we see headlines like ‘No-deal Brexit: Jeremy Corbyn vows to ‘pull Britain back from the brink’‘, or ‘Final sovereignty on Brexit must rest with the people‘ we see the idiot he is. There was a referendum, there was a voice and Brexit won, the issues with the ECB shows us that we are a lot better outside then inside that mess. There is no brink of Brexit, there is an economic mess and we will enter a stage of recession, anyone telling you that it can be presented is lying to you, or they are wielding massive amounts of money, amounts that no one has. This has been shown by people more intelligent than me and by people with actual economic degrees; they all are on the ‘remain’ fence, merely because it butters their bread. It gets worse when we see that the Hysterical Remain groups that have become violent, abusive and out of control, more important, to a larger degree the media isn’t even covering it. How is that for balanced information?

I have heard one or two actual ‘remainers’ who made a really good case, yet in the end, they have no control over the ECB and the ECB is in Europe at present the great evil. What they claim is good for Europe is to a much larger extent merely good for big business. When we look at those companies leaving the UK, these are all companies hiding behind taxation options, or facilitating to really large players and to some degree that is fine, but the ECB forgot that the well over 150 million small business owners see nothing of any of that and more important, they will see the impact of the 3 trillion euro of debt that the ECB created, things are that much out of whack and I do not get why people accept the presented BS that people like Jeremy Corbyn have been presenting to the masses. I am aware and I also believe that Brexit had its own waves of BS presenters. I made up my own mind and for the most I was leaning towards Remain, Mark Carney (the Marky Mark of the British bank) and especially his speech to the House of Lords was the setting of that stage. Yet he too had one flaw (if you want to call it that), there was no controlling the ECB and they are out again making some lame excuse on the essential economic need for more stimulus, whilst we already know now that it will not save the economy and they are willing to wager another trillion euro and spend it up front.

These people are not held accountable in any way and I say: ‘Enough is enough!‘ The UK is better off by itself steering the economic waters as it had done for centuries. Oh, I almost forgot the second part on sovereignty, sovereignty does not rest with the people, it rests in Buckingham Palace with HRH Queen Elisabeth II. There was a referendum and the Brexit group with a little over 51% won. And to those people still in doubt, you only have yourself to blame with the mess you are creating. There were 46 million votes, representing a 72% group, so 28% did not even bother to vote! Those 13 million votes were invalid straight of the bat, with only 25,000 invalid or blank votes we see no real impact, it they were all remain voted it would not have mattered. When you consider all this and you see the hooligan masses being remain people, we see two parts, the first is that they are moronic (worthy of UK Labour), yet the larger issue is that a lot are in anger because they are not getting properly informed. Stories like: ‘UK government officials told the food industry that supplies of liquid egg could run out in a no-deal Brexit‘, yet the operative word is ‘could‘ we just do not know, and not knowing is adamant in a lot of this, yet the people have faced two years of fear mongering, all large consortiums that see a danger to their margins, not the margins of the shop, the margins to executives and their bonuses, and the people are eating the fear hook, line and sinker. There will be actual issues, but the foundation of all this is that this has never happened before and the EU and the ECB did this to themselves. We all forget how this started, this all started when Greece in 2009 had misrepresented itself and we saw issue after issue, debt after debt and the politicians that caused it merely walked away. Then we were told stories on how Greece might be evicted from the EU, the news was all over that yet the truth was that we were misled (or is that made Miss Led?) The Guardian (in 2015) gave us: “As Athens will be unable to satisfy its financial obligations after a default, many hardliners expect Greece to leave the Eurozone, and printing as much neo-drachma as necessary. Some see this as the only solution to the Greek crisis: it would allow Greece to devalue its new currency, supposedly making the country competitive and resulting in economic growth and the ability to repay its debt“, in addition we get: “while only article 50 of the EU treaty regulates how a state can leave the union. And a mechanism for leaving only the Eurozone or for expulsion even has not been provided for at all“, basically the stupidity of the EU was that they stated that every member will always be up front and do what must be done, which was deceptive in its own rights. So a group that is merely inclusive and under stringent rules can they leave, yet in addition other sources gave us that NO MEMBER can be expelled. This is called a Corporatocracy, not a democracy. Corporations decide on what happens and that is what we basically see at present. The problem here is that any Corporatocracy will limit its actions towards enablers and consumers; the rest is pretty much screwed. In a monarchy all citizens matter and the people do not seem to be able to grasp that, the UK (and the Netherlands, as well as Sweden, Belgium and so on are monarchies within a Corporatocracy and that is a very different setting, that stage can only be made profitable where debts are soaring and the banks not the government decide where you can be at, a situation we see all over Europe. this is not new, I did not invent it, other voices going back to 2014 say pretty much the same thing, I merely have a lot more data available at present. The media relies on advertisement money from any Corporatocracy, so you cannot expect them to actually inform you, it is a double edged blade and both sides are pointed at YOUR guts, it is that detrimental a situation.

So as Greece made a few issues clear in the wrong way, people like Nigel Farage went with the notion of ‘Better Out than in‘, I agree with him, yet I remained on the fence for the longest of times. It was the second ECB stimulus who would put us so much deeper in debt that got me across. The first stimulus was fine, it was an option and even as it did not work out, it gave Europe time, yet the second one the best we could hope for was time and that is where the problem started and now as stimulus 3 is on the table the setting is too unacceptable, the UK needs to get out and fast, deal or not.

Let’s not make a fairy tale, this will not be a nice time and things will get worse for a little while, anyone telling you different is lying to you. The issue is that with the ropes cut the EU cannot force debts on the UK to the degree it is doing now, more important the UK gets to make a few other choices and it will down the road (3-4 years) turn the economy in something stronger. It will result in an actual better quality of life over time, but it will not be immediate. This is why the ties and economic options with players like Huawei (5G), nations like Saudi Arabia (all kinds of goods) and a few other players become important (optionally India with generic medication). Anyone with the misguided notion that Human Rights are the optimal route better stay at home. If Human Rights were an actual power there would be no age discrimination, there would be actual better (and more) housing and there would be a better social security. All missing and mostly because in a Corporatocracy, corporations are largely tax exempt, exactly what we see today. In that stage we now see the rumblings, even as players like Google, Facebook, Amazon, Apple and others are all making noises on leaving, they do so at the risk of losing 69 million consumers. Facebook is truly global, so is Google to the largest extent, yet for Apple we get Huawei, ASUS and HP, Amazon leaving would give the people a slimmer HMV and optionally small businesses come back (my preferred solution), and even as corporations are shouting, screaming, streaming and threatening, they all realise that you cannot walk away from 69 million consumers. Not when they need to share the smaller EU pool with 3-4 competitors at every corner. That is the part we all forgot, consumer power is actually power and we listened to the likes of Jeremy Corbyn for far too long. To be honest, I never thought that it would be possible to be more dim than Nick Clegg (LIBDEMS), yet I was wrong, Jeremy Corbyn pulled it off nicely. I am not stating that Boris Johnson is without flaws (his barber being the obvious one). I am stating that the UK has been in a dangerous position for far too long and as long as the ECB does the way it does it, the danger stays, getting away from that danger is an immediate need at present.

 

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When in doubt

It started 5 days ago when I wrote ‘Bitches on parade‘ (at https://lawlordtobe.com/2019/08/26/bitches-on-parade/). The premise from my point of view is that you cannot heckle a country based on a lack of evidence (read: CEO Jamie Dimon), so whilst he pulled out of the Saudi Conference, he was eager and willing to take a chunk of a $2,000,000,000,000 pie at the drop of a hat (any hat). The man has no principles when it comes to money, which is fine. Yet now the entire event is exploding in several directions as the Guardian (at https://www.theguardian.com/business/2019/aug/29/political-uncertainty-puts-london-listing-in-doubt-for-saudi-aramco) informs us that “state oil company may rule out the London Stock Exchange amid Britain’s rising political uncertainty“, in one word brilliant! Two years of whining and lack of decision is not about to hit the British MP field in a massive way. It gets to be even better when we consider the impact for the EU as a larger field, the current favourite according to insiders will be the Japan’s Tokyo stock exchange. If that happens, I get to smile whilst a whole range of bonuses will not arrive with Wall Street, the ECB or London (I am least happy about London missing out). There is a price, there is a cost to doing business and it seems that this week Saudi Arabia is making the tally to that event.

And now we see that the field changes. With quote: “Saudi energy minister, Khalid al-Falih, reignited plans for the float earlier this summer after announcing that officials were working to list the company within the next two years. Aramco announced earlier this month, in its first investor call, that it is ready for the listing whenever its shareholders agreed market conditions were “optimal”” It is here that we need to see the profit, the sudden option for Tokyo, who was not in the race at all also implies the added risk that Tokyo says ‘yes’ (read: Hai!) too eager giving the Saudi Aramco executives a much larger bonus than they expected, making the wave on the market gives rise that there will be two waves and these executives get to enjoy the windfall of both waves. I reckon that Lürssen Yachts (optionally Damen Yachts and CRN) will get to look forward to at least 5 additional commissions for yachts over 90 meters before the end of the year.

There is a much larger issue; it is not merely who gets what, and where we buy in. Bloomberg gave us on Thursday: “It’s been a good week for those seeking to pare bets on a market that brokers including Morgan Stanley say has become too expensive, given weakening fundamentals. MSCI on Tuesday wrapped up the second phase of including Saudi shares in its developing nations index, prompting billions of dollars in inflows from passive funds. Some active managers took advantage of the increased liquidity to reduce their holdings“, there is no way for me to comment on the issue as stocks are not my trade EVER! Yet consider the quote ‘brokers including Morgan Stanley say has become too expensive‘, yet they too are rallying to get their fingers on Aramco. Business is hard and I am fine with the directness that the market needs to be. Yet Aramco is different, everyone wants in and as such Saudi Arabia gets to elect the offerings and as such some players are about to enter the new field, they are optionally becoming the next Ricky Fuld, who was the only person not offered a deal in 2008 whilst the others got one. I am not sure on how to see that, The Wall Street Journal gives us ‘Branded a Villain, Lehman’s Dick Fuld Chases Redemption‘, these people walked away with massive amounts whilst almost one in two households got foreclosed in the end, that is a massive amount of anger to deal with and I personally believe that the Saudi’s will do business with everyone, just a certain group of people will have to be willing to cut their margins by a fair bit. Certain actions have impact and will have a considerable impact of the option to do business, Saudi Arabia could afford to wait, of those people had only decided to wait factual evidence, that would have been nice, not?

I believe that their hypocrisy on Jamal Khashoggi now has a price (to some degree); in addition the economic turmoil gives Saudi Arabia the option to select the host, who will gain a lot. I never considered Japan before today on this, but the choice makes sense.

We could go with the option: ‘When in doubt select the ally that seems more sincere‘ or we can go with ‘Be careful who you wake up with presented and insincere morals‘ I reckon that Wall Street and Especially the ECB need to learn from the second option. No matter how things unfold, pretty much everyone will be keeping 100% attention on the Tokyo exchange, something that has not happened in a long time and Aramco made it happen. And all whilst this is going on, the UK is still in all kinds of childish banter, especially by opposition parties. So when we get the Jeremy Corbyn quote “avoiding a No Deal Brexit” my (absolutely less than diplomatic) response would be “If you weren’t such a stupid dick, you could have done something 2 years ago, but you all played the ‘it will blow over’ tactic ignoring the democracy when they majority decided to Brexit!“, and now the mess is becoming even larger as London lost the option for hosting the Aramco deal. We even see Dutch issues with: “Dutch Foreign Minister Stephen Blok said on Thursday that “serious talks” on Brexit had taken place in Brussels this week, but warned the two sides “are not there yet” on a deal“, there was never going to be a deal, all delays were set to try and overthrow Brexit, now you see that there will be a much larger impact and there will be trade deals in the end no company will walk away from the option to tap into a 69 million consumer base.

That was a clear setting from the very beginning, anyone ignoring that part is delusional. Let’s not forget that the need to exceed shareholder expectations also automatically imply that the EU customer base representing half a billion people also means that 13.5% of them will not ever be shunned, someone else will walk in and take over.

For some, the entire Aramco was icing on the cake and now that this falls away and falls away from Europe also means that the EU will have several grim numbers to report in January 2020, plenty of people are already scared whit less and ready to retire as soon as the October 2019 numbers are released.

When in doubt, never trust Status Quo to actually remain. It is the deadliest of traps and it just sprung.

 

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Bitches on parade

Yes, the time is now nearing. Bloomberg gives us (at https://www.bloomberg.com/news/articles/2019-08-25/bankers-head-to-saudi-arabia-to-compete-for-world-s-biggest-ipo), and as it starts with “Global banks will this week start making their case on why they should be hired for what’s set to be the world’s biggest initial public offering“, we see an interesting shift. It is the initial public offering (IPO) towards Aramco and all the bankers are dressing up like they are the bitches on the Easter parade. The question is how will these American bankers be seen? Those who were eager to exploit their options; events emphasized via media friends these so called events of Jamal Khashoggi. Should they be allowed to make a bid? As Bloomberg informs us on “The oil producer was originally working with Evercore Inc. and Moelis, as well as HSBC Holdings Plc, JPMorgan Chase & Co. and Morgan Stanley“.

Now let’s walk a little time line, Morgan Stanley chairman and chief executive James Gorman gave the people on January 24th 2019 (several sources) ““The murder of Jamal Khashoggi in the Saudi consulate in Istanbul was utterly unacceptable,” Gorman said as he responded to questions on a panel“, yet actual and factual evidence was never presented, was it? Merely speculation on events and evidence that remains debatable. OK, I feel certain that Khashoggi is unlikely to be alive, but there is nothing pointing at ACTUAL evidence and the essay by Agnes Calamari never changed my position. Perhaps merely wrongly chosen words by James Gorman, which now implies he should not be part of this $100 billion+ windfall (I’ll take his place). Then we get to J.P. Morgan Chase CEO Jamie Dimon, he pulled out of the conference on October 2018, so he should be disregarded as well (I’ll fill in for him too). Now, HSBC Holdings Plc held their ground, in light of innuendo, the active use of implied events that remained unproved, HSBC Holdings Plc kept a straight wave; this was business, not emotion, so I say welcome HSBC (if I had a say in the matter).

And the story on Evercore Inc. and Moelis is simple, they blew their chanced way before July 2019, as such it seems that they are out of the picture too. I am of course willing (for a modest fee) to take any of those three seats, business is business. I have no idea what I would be doing, yet uniting with HSBC whilst we share 50% and I get a really nice retirement bonus to unload my part to them is not out of the question. This is a market worth well over 100 billion, I’ll be really willing to take a 7.5% part and hand the rest over to HSBC, I reckon that I am the first person in their history to hand them close to $40 billion for them being supportive to my needs, the average hooker gets $50 at best, so there! Oh, and I do realise that there are Chinese banks eager to take place, so it might end up being a three way split.

And a man like me has dreams, with that amount a nice house in belle air and a super yacht becomes an actual reality (yes, I am typing this whilst I am not awake at present). The stage for me is simple and clear.

For the other players the case is less nice. I believe that those being sanctimonious and hypocrite need to be held to account. There is a consequence to play certain games and resetting the ledger so that they can courtesan themselves into a market worth will over 100 billion is not that acceptable to me and it should not be acceptable to you either.

The entrepreneur gave us yesterday ‘Why Saudi Arabia Is Being Increasingly Seen As The Place To Be To Start A Business In The Middle East‘ (at https://www.entrepreneur.com/article/338516), they are right, but they need to see the thorns that the roses bring. the article starts so nice with: “Alper Celen’s decision to trade his cushy job at the prestigious global management consulting firm’s Scandinavian offices for a move to Saudi Arabia to grow a start-up there didn’t make much sense to his colleagues“, yet these players need to realise that this is an Islamic nation, under Islamic law and etiquette. It is a lot more rigid than France is and I have seen a 6 figure Euro deal fall away because the salesperson accidentally used ‘pour toi‘ (informal) instead of ‘pour vous‘ (formal), the buyer walked away and went straight to the competitor. When it’s merely €100K most ‘big players’ will shrug, yet now the game comes in suitcases set to the billion dollar plus that game becomes a whole new dimension. The problem is that those you talk to are indifferent to the billions, it is their bread and butter for you it optionally is not. Those players in dime sized poker games are all willing to bluff like the cardinal for the large games, but a bluff is still a bluff, when you are found out, or seen as unworthy, you will lose a lot, you will lose it all and you might not have the means to get back from where you came.

Yes, you can win big, but the whole game is larger and there is every indication that the Saudi families have kept score on those rallying behind a journalist no one cared about, with a larger lack of evidence of any kind. Soon we see their move and their idea of the Easter Parade flaunting their dresses on Takhassusi St hoping that they are still regarded to be in the game and perhaps they are. I merely wonder if they should be allowed to be in there (HSBC excluded from this consideration).

Now that Vision 2030 is off to the races they all want in (as would I), yet in all this, after all they did and all that they connected to, should they be allowed to? We have to pick certain fights and that is fine, we have certain values which make us jump in certain directions and that is fine too, but to make a 180 degree turn when it is about the money, should we accept such a party in that event when there are hundreds who want to take a slice of that cake? I do not think so.

The events regarding the Saudi conference were larger, there was a distinct impact and as such those play that game should not be allowed to play when the large trophies become available. I lost my option to an apartment in Rotterdam because I did not have the right ‘friends’, OK, fine, but you cannot rely on me giving you a pass when you come knocking. It is then a tits for dad situation at that point and now that there are really serious gains, those people should always be disregarded.

I suddenly remember a quote from Age of Ultron; there we hear: “Keep your friends rich, your enemies rich and wait to see which is which“, well Saudi Arabia found that out, after they discovered that, they have no real need to keep the charade up, so as I personally see it, goodbye Evercore Inc. and Moelis, JPMorgan Chase & Co. and Morgan Stanley, it was nice knowing you. The nice part is that when they are evicted from the offer, they will have to reconsider the game they played, the media they embraced and the values that they gave to fattening the cow whilst ownership remained in the air. I actually love it when people get to learn a lesson by losing billions, it feels like that for one moment, one tiny moment the playing field was level for all of us.

The Aramco train is now officially on the road and we will hear a lot more in the coming month, I for the most will be most interested to see how much the Chinese banks end up with. And yes, I have woken up and I know that any chance for any of those billions were delusional at this point. Yet there is always tomorrow.

Hot News

In light of all this, Al Jazeera reported less than two hour ago ‘Houthis ‘fire 10 ballistic missiles’ at Saudi airport‘, at this moment, I see Arab News, Saudi Gazette and two more all having a version of that, yet nothing on the BBC, not the Guardian, not the Washington Post, not the LA Times and not Reuters. I got the news before all them and I have nowhere near their tools. So, are you still convinced that some people should be allowed at certain tables to fill their pockets whilst they shun the people whose money they want? And as we realise the quote “The rebels fired 10 Badr-1 ballistic missiles at Jizan airport, killing and wounding dozens, the group’s military spokesperson said in a statement on Sunday“, a quote made by Colonel Turki al-Malki, we need to see that US corporations are playing a convoluted game. Consider the impact that some have, do you think that when the newsgroups get wind that something really matters to the heads of these banks that they go to bed and sleep, not with 100 billion for grabs. The world media is all about fairness and then jinxes the game by taking balance away. From my point of view it is increasingly important that those players are denied a seat at the table (any table for that matter). Saudi Arabia needs to take a hard look at who they consider their friends. In light of all the unreported news of events by Houthi forces I feel more and more inclined to think that the US is turning into a player that no one should ever consider an ally, their only allegiance is to currency, I hope that the people who need actual allies realise that part before it is too late.

 

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Government? Censorship?

We see it, we ignore it and others remain in denial. We are censored almost every day and we remain unaware. You see, the issue is not advocated as censorship. It is presented as filtered news, and it is not the same. As we looked Yesterday into the events surrounding Evgeny Lebedev, we see people like Jeremy Wright hiding behind “may have an effect on the Evening Standard and the Independent’s news agendas“, yet to what degree and in what direction, that part was not given, was it? In addition we were introduced to Nicky Morgan and the fact that this is now on her plate. Yet the issue of censorship is still here.

Bloomberg gave us: ‘Saudi Oil Plant Attacked by Drones‘ (at https://www.bloomberg.com/news/articles/2019-08-17/saudi-oil-plant-attacked-by-drones-but-production-unaffected) 11 hours ago. We also get: “Yemen’s Houthi rebel leader Abdul Malik al-Houthi claimed responsibility for the attack in a televised speech which was aired via the rebel-held Saba news agency. The Houthi leader said the group launched the assault on the oil and gas facilities with 10 drones. This was done to deliver an “important message” to the members of the Saudi-led coalition in Yemen, he said” yet no one is giving any explanation how Yemeni Houthi fighters got access to high end drones. 10 drones represent a significant investment, the Houthi forces have neither the funds nor infrastructure to acquire or built them, yet they are delivered, where from?

An attack that might be seen as a terrorist attack and the exposure is close to nil. We get the news from Arab News, from Al Jazeera. Yet the event that happened 11 hours ago, is still not covered by the BBC. They limited the Middle Eat page to the US Warrant to an Iranian oil tanker, then the news on ‘Rashida Tlaib rejects Israel’s offer of ‘humanitarian’ visit‘, which is a day old, the rest is 2 days old, or even older. That is the BBC now! We do see some news from Reuters and Haaretz, yet nothing from the other UK papers. Is that not weird? Is it so weird that Saudi Arabia wants to see more on the attacks on them? The UK is facing massive censorship and has been under censor’s scrutiny, yet the UK remains silent.

We see a little more when we face Al Jazeera who gives us “A Houthi military spokesman said earlier on Saturday that the group targeted the Shaybah oil field with 10 drones in what he said was the “biggest attack in the depths” of the kingdom, the world’s top oil exporter” in the article (at https://www.aljazeera.com/news/middleeast/2019/08/drone-attack-yemen-rebels-sparks-fire-saudi-oil-field-190817132916661.html). The other non-given issue is that the Shaybah facility is really close to the UAE borders. A lot of issues remain, but the media to a much larger extent has decided to silence the news, they have decided to be Anti-Saudi Arabia. The fact that Houthi terrorist forces are sending drones into Saudi Arabia, drones that they cannot build and drones that require hardware that they do not have, cannot create and optionally cannot operate is a much larger issue, but the UK media remains silent on it. How weird is that? So here we see a direct first part where it makes perfect sense to be in a stage where they have an invested interest in newspapers that might now give voice to what is going on. If the UK really wanted an independent press, the people in the UK would have been given the complete story on Houthi forces and the exposure of Iranian funding would be out in the open, that is not the case and we should all wonder why that is happening. Oh, and I understand that there is more news in the world, I understand that there is only so much on what an journalist can achieve, yet a middle eastern section on the BBC with two articles from the last TWO days and the rest is older is a little too weird for words. The fact that this was an attack on Aramco with the linked fact that we see loads on Aramco, but the entire mess of the attack (and lack of results from the attack) is not shown in the Financial Times, or the Guardian, who was willing to report only a little under 6 days ago ‘Saudi Aramco ready for record $2tn IPO after first-half results‘ gives rise to censorship and one sided reporting. So when exactly did we find that acceptable from any independent news force? The numbers and the events do not add up.

Even the Deutsche Welle gives us (at https://www.dw.com/en/yemen-houthi-rebels-target-saudi-oil-field/a-50066244) “This is the second such attack on the Saudi energy industry in recent days and comes amid high Middle East tensions” Really? the second attack? When was the first and why do I see almost nothing on that, and basically nothing from the Western European Newsgroups? There is even more, the quote “The Saudi acknowledgement of the attack came hours after Yahia Sarie, a military spokesman for the Houthis, issued a video statement claiming the rebels launched 10 bomb-laden drones targeting the field in their “biggest-ever” operation” gives rise to all kinds of intelligence issues, the fact that certain players are leaving this in the shadow of their desk is a larger issue. It gives rise to the accusation that the CIA is still on goal to keep stability in the Middle East to a minimum. The fact that we see the (optionally boasted) claim ‘their “biggest-ever” operation‘, whilst Yemen has no infrastructure to do this, I personally doubt that they have the knowledge to fly these drones to their target, all issues involving Iranian support, optionally via Hezbollah, all ignored and all non-reported.

That is not merely censorship that is the stage of filtering events on the world stage and keeping them out of sight all together. Is this the EU play to keep news away so that they can have some empty nuclear deal afloat? All hiding behind some INSTEX tool (Instrument in Support of Trade Exchanges), whilst none of it brings any revenue or actual trade, there is no positive side and when we investigate the Iranian events towards the Houthi forces in support of attacking Saudi Arabia, we see a diminished setting, yet the EU is still hiding behind the nuclear deal that was never a deal in the first place. And now we can optionally add the news filtering that Saudi Arabia is facing. All is not well and a lot of it is about to get worse, all for the simple reason that some people are asking questions now and a lot more will be doing so soon enough, at that point any election falls into the water in a stage where the UK government has only the spin tour of the next election to rely on and in addition the media will feel the pain too. When the people realise that there is no longer an independent press. It went out of the window when politicians decided to ignore the Leveson report to the largest degree. They made their own bed, enjoy the nightmare it brings.

 

 

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The biggest issue

The Guardian has given us several articles, by themselves there is nothing strange there (well there is), yet it is when we look at them together that an image starts to form. It is united that the larger problem becomes visible and the fact that a larger group is not catching up to this is a worry.

The first one is ‘Greta Thunberg hits back at Andrew Bolt for ‘deeply disturbing’ column‘, which happened less than 12 hours ago (at https://www.theguardian.com/environment/2019/aug/02/greta-thunberg-hits-back-at-andrew-bolt-for-deeply-disturbing-column), then we get ‘Revealed: Johnson ally’s firm secretly ran Facebook propaganda network‘ (at https://www.theguardian.com/politics/2019/aug/01/revealed-johnson-allys-firm-secretly-ran-facebook-propaganda-network), as well as ‘Brexit, cycle lanes and Saudi Arabia: CTF’s Facebook campaigns‘ (at https://www.theguardian.com/technology/2019/aug/01/brexit-cycle-lanes-and-saudi-arabia-ctfs-facebook-campaigns). Now let’s start up that on the whole nothing wrong was done by the Guardian. They reported and we can agree that reporting is what the Guardian does. Yet the larger issue is not what they do, it is what we are not getting that becomes the issue.

It starts with the Houthi attack on Dammam with missiles, a missile attack on a civilian target, Al Jazeera informs its audience, but the Guardian is not there. Bloomberg, the Guardian, basically the Western Media are all shunning it, yet they go to lengths to waste paper on the issues that “Women in Saudi Arabia will no longer need the permission of a male guardian to travel“, however the BBC did report on ‘Houthi missile attack on military parade kills 32‘, where we are told that “The parade in the southern port city of Aden was targeted by missiles and an armed drone, a Houthi-run TV channel says“, yet it seems that it was limited to the BBC, the near complete Western Media ignored that one too.

Now, I can accept that plenty of people are no fan of the Kingdom of Saudi Arabia, yet to shun attacks that cost lives is new, they all group together to give accusations without evidence (that journalist no one cares about), yet actual events are shunned. It is a new level of discrimination, it is political discrimination, where unwelcome groups are given exposure when it can be tilted to the negative side of the seesaw and the more negative it gets, the larger the exposure.

Now, let’s get back to the first article, because that is seemingly not linked. With the Quote “The widely read Herald Sun columnist and Sky News commentator used his significant platform to take aim at the 16-year-old campaigner, dismissing her followers as members of a cult and disparaging her decision to sail across the Atlantic in a high-speed racing yacht to attend UN climate summits in the US and Chile“, as well as: “The highly personal character assassination published in Rupert Murdoch’s tabloids repeatedly referred to Greta’s mental health, saying she was “deeply disturbed”, “freakishly influential” and “strange”“, yet in all this, we see no exposure on how that information was acquired.

As I personally see it The editor of the Herald Sun, Damon Johnston, as well as his fucked up sidekick Andrew Bolt did something in addition, is it the small part “the evidence does not suggest that humanity faces doom“, all that to hide the smallest snippet to oppose the environment. It actually gets more interesting, that is when we consider the case that Justice Bromberg presided over. When we consider “Herald Sun columnist Andrew Bolt and his employer Rupert Murdoch’s News Corp clearly violated the Racial Discrimination Act“, we could argue that he could face court again in this case. When the case was judged and we get: ‘The lack of care and diligence is demonstrated by the inclusion in the newspaper articles of the untruthful facts and the distortion of the truth which I have identified, together with the derisive tone, the provocative and inflammatory language and the inclusion of gratuitous asides‘, we see the chance that history might repeat itself. The article (at https://independentaustralia.net/business/business-display/andrew-bolt-continues-on-about-adam-goodes,12947) gives a lot more, what is key here that the Guardian exposes it and that is good, I have no issues with it. Yet it also shows the lengths that Murdoch media goes through to set the stage in one place, whilst other parts are seemingly intentionally ignored. Perhaps some of you remember the mental health escalation at Martin Place in 2014. Rupert Murdoch acted personally and the responses like ‘Rupert Murdoch’s Response To The Martin Place Siege Is As Tasteless As You’d Expect‘, as we were given: “AUST gets wake-call with Sydney terror. Only Daily Telegraph caught the bloody outcome at 2.00 am. Congrats“, it seems to me that bloodshed are his bread and butter, it also is seemingly implied that as long as it is not Saudi Blood, Rupert Murdoch has no issues. Some gave us: “the hostage situation as the work of an IS “Death Cult CBD Attack”, something we labelled at the time – and will continue to do so – as one of “the most vile, deliberately inflammatory, fundamentally wrong and wholly speculative front covers in the sordid history of Australian print media“, all whilst from the beginning, within a few hours it should have been clear that not only were the journalists not doing their job, the issues that in the beginning, hostages were seen holding an Islamic black flag against the window of the café, featuring the shahadah creed. It was wrongly identified by the media and the part where Monis later demanded that an ISIL flag be brought to him should have been clear that this was not a terrorist, at the most a wannabe, and more viable a person with mental health issues, but as I personally see it, Murdoch and Channel 7 were all about milking the event as much as possible.

At what point is journalism about milking?

The fact that this was buried as fast as possible is another part where we see a mingling of political discrimination, racial discrimination and religious discrimination and no one is telling Murdoch in clear language that it needs to stop.

The other two

Ok, it becomes essential to get to the deeper side of the pool here. First of all, there is a larger setting that has not settled. The accusation is twofold. The first is actually the one that does not work for the campaign players. It is also reported by CNN through ‘Facebook announces first takedown of influence campaign with ties to Saudi government‘, even as we accept “covert campaigns on Facebook and Instagram in a bid to prop up support for the kingdom and attack its enemies“, CNN et al are not reporting on the media blackout that is pushed out towards Saudi Arabia either. So anything that makes Saudi Arabia look like an attacked victim is suppressed, whilst actions by Saudi Arabia are spun to its most negative path and spattered over all media and all social media. Yet as the article gives us: “Facebook has hired staff with backgrounds in areas including intelligence, law enforcement and journalism to be part of a team finding and closing down coordinated campaigns on the platform, including some spreading disinformation and linked to nation-states“, it is equally absent in the case of “bogus mainly far-right disinformation networks were not identified by Facebook — but had been reported to it by campaign group Avaaz — which says the fake pages had more Facebook followers and interactions than all the main EU far right and anti-EU parties combined“, so we get one group with a following of 13 million in the past three months, with a following larger than all the European main party pages of the far right combined. Yet in all that, Saudi Arabia was specifically mentioned (they also illuminated the false pages of Iran). It is shown in a larger degree with: “Avaaz reported more than 500 suspicious pages and groups to Facebook related to the three-month investigation of Facebook disinformation networks in Europe. Though Facebook only took down a subset of the far right muck-spreaders — around 15% of the suspicious pages reported to it“. The fact that Facebook only took down subsets that represents 15% of the reported pages shows that there is a larger degree of political discrimination in play and even as some are overly clear, that larger extent shows that Social Media is optionally promoting to some degree the survival of Racial Discrimination, Political Discrimination, Religious Discrimination and Age Discrimination.

It is the revelation of: “vote manipulators are able to pass off manipulative propaganda and hate speech as bona fide news and views as a consequence of Facebook publishing the fake stuff alongside genuine opinions and professional journalism. It does not have algorithms that can perfectly distinguish one from the other, and has suggested it never will“, it is at this point where the realisation grows, when we add the two elements and we add the fact that the media is filtering what we are ‘allowed’ to know, it is there where the larger failing becomes clear, it is the axial and the seesaw of illumination of the view that opposes clear news, the media is now part of the problem. And it is there where we see the wisdom of TechCrunch with: “loud Facebook publicity effort around “election security” looks like a cynical attempt to distract the rest of us from how broken its rules are. Or, in other words, a platform that accelerates propaganda is also seeking to manipulate and skew our views“, it is merely part of the issue, it is not merely Facebook, it is the Media to a larger degree, their alliance is towards the Shareholders, the Stake holders and the advertisers, in that the larger issue is seen, those who advertise are optionally the controllers of what we see is possible, and that is where the truth is pushed out of view. It is seen in one final swoop when we consider the key word “Neom City“, a project like that, a project initially designed to be well over 30 times the size of New York, a project that has well over half a trillion dollars, set to construction, engineering and IT, should be on the front page of EVERY Newspapers, yet when you seek, you get Bloomberg last January (at https://www.bloomberg.com/news/articles/2019-01-16/saudi-arabia-to-begin-building-homes-in-futuristic-city-neom) and Business Insider in October 2018 (at https://www.businessinsider.com.au/jamal-khashoggi-saudi-arabia-neom-megacity-2018-10?r=US&IR=T). The view that is part of Crown Prince Mohammed bin Salman’s Vision 2030 plan is silenced to death and that started before the journalist no one cares about vanished. In addition a new bridge that will connect Saudi Arabia to Africa is kept silent. In this day and age how does that make sense? I am looking at billions in 5G revenue in Neom City alone, as well as the underlying infrastructure required, opening a much larger need for the entire Kingdom of Saudi Arabia, all ready to be set to a much larger stage (when the first phase region is a fact), yet the media is more about the rumours of the PS5 which is well over a year away with 6,940,000 mentions, and that makes partly sense, it is about awareness and creating hype, so when we see in the Guardian “the latest revelations reveal that the company has pursued that approach more broadly, in the service of previously unreported corporate interests and foreign governments. And they expose a major flaw in Facebook’s political transparency tools, which make it possible for Crosby’s company – which boasts on its website that it deploys “the latest tools in digital engagement” – to use the social network to run professional-looking “news” pages reaching tens of millions of people on highly contentious topics“, so if it is about ‘provoking argument‘, we should see nothing wrong as Sony, Nintendo and Microsoft rely on that part 24:7. If it is about ‘involving heated argument‘, we still see no issue as this is Sony versus Nintendo versus Microsoft, as this has been the media bread and butter for close to 7 years and more. When we look at the ‘likely to cause an argument‘, almost nothing changes. It is the part I did not mention “without apparently disclosing that they are being overseen by CTF Partners on behalf of paying clients“, where we need to question the use of ‘apparently‘, is it or is it not mentioned? The Guardian did or did not do their job becomes the issue and yes, we can see ‘on behalf of paying clients‘, and how does that differ from Apple, Microsoft, Sony, Nintendo, Nespresso and a whole league of others? They are all in it for the money, the awareness and the creation of viral messages, over-hyped and often way too short on facts. That part is not given to us either and it is there where we see the interactions of layers of discrimination and ‘misinformation’ that is usually brought as ‘missed information’, I would personally see it as an exercise in ‘miscommunication’ and it has been happening for a much longer time. So when we get from the Guardian: “employees always operate within the law”, and if they take to the bank the task of giving positive visibility to the Kingdom of Saudi Arabia, is there an actual issue here?

The biggest issue is that we see the information that “It does not have algorithms that can perfectly distinguish fake news from the other, and has suggested it never will“, whilst the underlying issue is that what is not fake news is not that trustworthy either, it is limited to the filtering of shareholders, stakeholders and advertisers and Facebook has no clue what to do, they to relay on those three groups. The news for the longest time never gave us that part. As I see it people like Greta Thunberg will never get a fair deal here, not as long as people like Andrew Bolt keep on being regarded as Journalists. That part is seen when we see: “the evidence does not suggest that humanity faces doom” all whilst that statement is not scrutinised to the largest degree. The opposition to that claim can be seen in the simplest sentence by World Vision, their quote: “Globally, 844 million people lack access to clean drinking water” gives the goods, close to 10% of the population of this planet lacks access to clean drinking water. When we consider that a person can only survive a few days without water. How much danger is the population exposed to, does that qualify as doom facing? How many must die before the ‘humanity faces doom‘ is satisfied? It seems trivial, but it is not, that same media that ignores attacks on Saudi Arabia, that does not report on Houthi transgressions, acts of terror and other events also ignores Yemeni plight for water, food and medication to a much larger degree. So the question becomes a simple one, give us the list of parameters that must be placed on staging or dismounting the accusation that ‘humanity faces doom‘, when we realise that there is a larger collection of evidence, we merely have to set that stage to those elements. I am not stating that Greta Thunberg is right or wrong, yet we can look and accept that Andrew Bolt and his so called opinion piece on Greta Thunberg should be seen as triviality towards journalism and that does matter, because if that is allowed to continue, Facebook will never solve anything, as such the only way to solve it is to push media deliverers like Andrew Bolt into the ‘Fake News’ category so that we might find a solution. The fact that SBS called it an opinion piece and the Guardian did not is the larger failing, any opinion piece, especially those in newspapers, digital or not should be clearly labelled as such like [opinion piece] before the text begins, identifying those pieces will also change the way that they are perceived and we might get a better quality of journalism. When writers get $100 for an opinion piece and $200 for an actual journalistic piece (researched and all), the matter might resolve itself soon enough.

 

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Lap Time

Yes, we heard the term; we see it in athletics, in Formula 1 (and all the other formula races, except baby formula). How did we go after one lap, will lap two be on par, better or are we sliding. The 5G global race is on and even as the US and others are in denial, some facts are open for viewing, so as I got to the page (at https://www.eureporter.co/frontpage/2019/06/26/huawei-dominates-global-race-to-5g-despite-pressure-from-washington/) I was not surprised. The headline ‘Huawei dominates global race to 5G despite pressure from Washington‘ is not really a surprise. Yet one element is a nice verification. when we see: “Currently, two-thirds of global existing 5G networks are powered by Huawei technologies” and that is after a year of BS and fear mongering by the US, if they had not done that the picture would be different, it would be considerably worse for all non-Huawei contenders. So even as Ericsson is building a plant in the US so that they can become the courtesan of choice, reality is a very different stage.

The issue (at https://lawlordtobe.com/2018/11/10/the-heart-processes/) in ‘The Heart Processes‘ where we see: “This now links it back to Huawei (5G barred), the iterative actions of technology whilst we are being surpassed on every technological side. The full article (at https://www.crn.com.au/news/telstra-fault-takes-down-eftpos-and-atms-515080) gives a few more question, yet I will get to them in another article when I give you all a few more technological jabs against certain Telco players as they presented their ego and not their actual capability“, there are references that go back to 2017 where we saw that the non-Huawei players were already behind. There is Forbes Last April with ‘Huawei’s 5G Dominance In The Post-American World‘, or ‘Huawei’s new Wi-Fi routers solve a serious first world problem‘ in January 2018, Huawei have been showing to be the stronger innovator for well over three years and has been leading the 5G market, now that they even under discriminatory environments are achieving a 66% market in current 5G shows just how warped the situation is, so as I stated it before and do so again, ‘America will soon no longer matter’ and that is the true nightmare that the US is facing, when the silver bullet to survive a $22 trillion debt is meely a dud in your own armoury, you end up with a massive problem.

So as we see the Lap Time, with 5G going commercial in the Middle East, and now optionally Germany as well, we will see the blind followers of Europe, who follow the misguided voice of America, we will see them melt like snowflakes in the summer sun (or the current European heatwave), the economy is their Achilles heel and they will all fold.

And the battle will alter its course even further; the advantage that the Middle East is now showing over America is getting teeth and talons. A month ago we saw that Softbank selected Nokia over Huawei, and that is fine, weren’t it for the fact that we also got ‘Nokia Winning 5G Contracts Despite Delivery Delays, CEO Says‘ two weeks ago. Bloomberg gave us that one, so when Nokia gets pushed to cater to American needs, will they lose their Softbank deal and a cornerstone to the Middle East? It is not a given, but it is a valid question. So even as there is truth in the quote: “A few weeks of delays “is not really much” in the context of a 15-20 year cycle, Suri said. In the first quarter, the Finnish company struggled to book revenue from the contracts it had signed“, we accept that these things happen, yet weeks tends to become one month, then a second month and in a race where being there fast matters, Nokia cannot afford to remain delayed, they had to be ahead of the curve and they are not, they are merely on par at best, this now implies that 42 global contracts will be under scrutiny and not delivering on time will constitute pressures that Nokia will be unable to fully deal with and Chief Executive Officer Rajeev Suri knows this.

Even as we see that Nokia is still on the financial fence regarding booking profits (they will do so, no doubt) Huawei was able to secure a lucrative deal with Russian telecoms company MTS. It might be all under the guise of ‘the enemy of my enemy‘, but in the end ‘gold is gold’ and it is in the end about the acquired currency. So as they get Russia and as the EU buckles towards Huawei, we see a market that is a lot stronger for Huawei and every win in the Middle East will tip the European seesaw in favour of Huawei.

For the most after we check the lap time, there is a clear benefit for Huawei, yet Ericsson and Nokia remain strong competitors, Ericsson made the optional flaw of moving part of their base towards America, it sounds good, but their infrastructure will be undermined in several places more and more, so either Ericsson will push American employment to a much higher degree (Customer Service centres, Customer royalty programs and product infrastructure), or they face a massive blow-back more likely than not before EOFY 2020, a setback that will cost them a whole lot more than they bargained for. There is no given on Nokia at present, they had a strong firm presence in Europe and they can do so again, whilst these rules apply to Huawei as well, when you consider the places they were, they have built strong teams all over the place and with the winning strategies in the Middle East they have grown their ambassador places all over the Middle East, something Nokia and Ericsson did not do to such degrees.

So it is not only the 2/3rd advantage that Huawei has, it shows that their infrastructure is still a lot stronger and in the second hour (59:59 after a mobile phone is sold) the systems of Nokia and Ericsson will be tested and I personally believe that they are not ready, more importantly, the people will not be ready for waves of questions that will hit these centres and that will hammer the successes that Nokia and Ericsson have at present.

As lap time goes, it is a strong race from all three, yet a race is only as strong as the team, the car and the track. Yet in a normal race the track is set, in this race we have seen that America has been considering detour after detour and as such some teams will not be ready for what happens after that and in that race Huawei gets the much stronger advantage as America is not considering them, so that pressure falls only on Ericsson and Nokia. And that is where the issues start to count. When players like Softbank get pushed to the back, they will reconsider and anyone changing its order has the danger of taking more than one other player with them, that is the stronger danger that the other two face as they try to gulp down whatever US contract they can get.

There is supporting evidence for that. In Australia NBN showed the need (source: SMH) “NBN Co spokeswoman said the network was committed to “continuously improving the service provided as internet demand and data needs evolve” including a recent $800 million investment into customer service on the fixed wireless network“, the problem is that to a much larger degree Australian NBN is (diplomatically speaking) a $51 billion failure, the only way to save face is to overhaul it to a much larger degree and in light of ‘9.6 million homes and businesses were now connected to the network with 62 per cent of those customers choosing speed plans of 50Mbps or more‘, all whilst this could grow by another 30% if Microsoft and Google had their way, giving us levels of unparalleled congestion soon enough after that.

The moment that ANY vendor needs to acknowledge 5G and congestion in the first year will be the point that turns the customer base into a churn tidal wave and that will happen if the infrastructure is not in place. The US and some others are massively in denial there, it might be argues that this risk is also present in the Middle East and I would expect this to be the case, yet Huawei has had time to prepare and the others are merely jumping on the revenue wagon as the US pushed for a ‘no Huawei zone’ preferably one that is global.

That is the impeding risk, not that Huawei is out of the race, but that the others get stretched too thin. I have seen this happen again and again over the last 20 years and then we get some delusional VP giving their staff an elastic band reference on stretching resources a little more. They ultimately never learned that time is not a factor that can stretch like an elastic band, it is a rigorously set standard that does not budge and against that merely better and larger man power will solve it and Nokia just got rid of a boatload of them, all to cater to 5G, so when they need staff and training them, they will be under the gun 24:7, I do not believe that they are ready at that point and the increased presence in America implies that Ericsson is nowhere near ready, they need well over 500 additional support staff for what comes and they have nowhere near those numbers.

That is all available to the eager eyes and they have not altered that path yet. In their defence, it will not be needed before August 2019, yet there is already enough indication that their growth plan is not set in that direction. As I developed my own IP, I noticed that the Cybersecurity needs for 5G are still in the basement whilst it had to be through the roof almost 3 months ago, so the first cyber security issue will be a devastating one for each of these players. That is merely on a consumer level, on a commercial level the setting is even worse, it is a Nightmare on 5G street waiting to happen and in this there will be no miracle dream weaver, merely some Freddy Kruger that will show now regard for the lives of those victims, as the rewards were just too appealing. An almost perfect cyber storm in the shaping, a stage no likely seen before January 2020, yet even then there will already be victims and loads of insurances that are more likely than not eager to find a loophole not to pay any of them.

As I see it, it is a lap time that is good for all three, yet the setting of lap time is no longer a valid one. When the track definition becomes a flexible one, detours change the stats of everything, changed requirement in mid race will also hamper issues and none are ready, Huawei merely had more time to get ready giving them an additional advantage in this race.

 

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