Tag Archives: bloomberg

Getting a mute to lead the blind

Confused? Good! It has been going on for a little while, but Al Jazeera heads the setting of others with ‘Is the US crackdown on spyware firms just getting started?’, the article (at https://www.aljazeera.com/economy/2021/12/22/is-the-us-crackdown-on-spyware-firms-just-getting-started) gives us “The Biden administration blacklisted Israeli spyware firm NSO in November, but experts say more needs to be done.” Well, that might b e nice, yet the absence of evidence means that they take to the streets with the stupid and flammable people. It becomes even worse with “a collaboration by Amnesty International and a coalition of media outlets – revealed that NSO’s software was sold to authoritarian governments that used it to spy on political leaders, journalists, executives and human rights activists, including people close to murdered Saudi journalist Jamal Khashoggi.” As I personally see it, it was a collection of wannabe’s and fakes. They are that because evidence was not ever presented. And now the plot thickens, you think it does not? Well hold on, we are about to really up the throttle on this.

You see Bloomberg hands over the evidence I claimed all along. I wrote in several articles that if that list of 10,000 numbers was real the NSO Group would have a $400,000,000 piggy bank. But Bloomberg gives us ‘Pegasus Spyware Maker NSO Group Throws Cash at New Ventures to Survive’, where we are treated to “Israeli spyware firm NSO Group burned through most of its cash this year in a desperate bid to move past the scandal surrounding its phone-hacking tool Pegasus, according to a person with knowledge of the matter and private financial documents seen by Bloomberg News”, this could be seen as implied evidence that the money was never there, as such the list has to be (to a larger) part fake. Something I saw in less than 5 minutes, but all these wannabe essay writers You know, the one the Guardian has in Washington DC, as well as a wannabe essay writer at the United Nations with an outspoken hatred of Saudi Arabia. All going on flames and friends, but not a lot of evidence. Last Week at Wired we also get ‘Google Warns That NSO Hacking Is On Par With Elite Nation-State Spies’, but I will get back to that. You see the Bloomberg article (at https://www.bloomberg.com/news/articles/2021-12-21/nso-group-burned-up-most-of-its-cash-to-shift-away-from-pegasus) also gives us “Two American funds have expressed interest in NSO’s Eclipse technology — which can detect, commandeer and land drones — and in its new big-data analytics platform, for which the company signed its first contract this quarter, the person said. Pegasus would either be shut down or brought under the same umbrella as the other businesses in a bet that U.S. ownership would improve its standing, according to the same person.” In this I personally think that these American Funds can go and get fucked (apologies for the language), you see if the NSO is on a blacklist, the Americans can go try and make it run on a kite. 

Although, there is every chance that China, Russia and optionally Saudi Arabia might want these technologies. So as we consider Wired giving us “The exploit mounts a zero-click, or interaction-less, attack, meaning that victims don’t need to click a link or grant a permission for the hack to move forward. Project Zero found that ForcedEntry used a series of shrewd tactics to target Apple’s iMessage platform, bypass protections the company added in recent years to make such attacks more difficult, and adroitly take over devices to install NSO’s flagship spyware implant Pegasus.” You see what Google (Apple too) isn’t telling you is that the transgression was possible to begin with. This is not some nerd in his mothers basement. This is the kind of person that can equal if not surpass both the NSA and GCHQ. More importantly both Google and Apple were not prepared, so just how many gaps are there in mobile phones? You want to complain about Huawei and their security dangers? Google and Apple are doing that all by themselves, just like Cisco did, but you probably missed those articles. Credit to Cisco of alerting everyone to this, but the media was eager to ignore it, much sexier to accuse Huawei without evidence.

So whilst the White House idiot gave the people a blacklisting, we get:  “NSO issued a statement at the time saying it was “dismayed” by the Biden administration’s decision and that its technologies “support US national security interests and policies by preventing terrorism and crime”” So now the parts are here, we get to my use of ‘White House Idiot’, fair enough! You see, as the finances show that members of the media have been lying (optionally by not vetting information). We also see that the members of the NSO Group might sell to anyone BUT the Americans. A stage that will cost America greatly, especially if China acquires this technology. So after they squandered weapons sales to Saudi Arabia (I am still hoping for my 3.75% bonus on sales to China), the setting is now that one of the most sophisticated pieces of intrusion software might end up where no one wanted it to go, it reminds me of the old saying regarding ‘A cornered cat’, and it serves the mother goose brigade as I personally see it and you can see it too, you merely need to look at the actual claims and the fact that we see words like ‘alleged’, we see ‘might be infected’ and we see no clear number system. No dashboard that gives optional validity to the claims by wannabe essay writers. 

You know what? I am slightly too angry. First the yanks go all out on Huawei whilst evidence was never presented, now we see that the 5G networks are AT BEST a mere 50% of what Saudi Arabia has and in case of the US it is a mere 1.4% of 1%, it is THAT slow. Now we see the same exercise and it will be anyones guess who ends up with the NSO group software. It will be up to the NSO group to decide, yet I feel strongly that it should never end up in American hands. A person should not be allowed to be THIS stupid and being given a slice of cake, if it does happen, it better be valued at several billions. If you are THIS stupid, you cannot be much of a software maker, so pay you will, optionally Google could buy it to make their hardware more secure. It is a stretch and it is a steep price, but it could mean that the Apple supremacy ends and that might be worth a bag of coins to Google. 

Yet the best moment was when I saw that the media nailed their own coffin (the finance bit), so whilst Wired and the Washington Post did the right thing, the others can take a long walk of a short pier as far as I see it. Oh yes, the Wired article was at https://www.wired.com/story/nso-group-forcedentry-pegasus-spyware-analysis/ 

One day until Christmas, I reckon it is that time of the year when we take a little more time to see what weapon systems are out for sale. I need a new hobby!

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The balance of one and zero

I just woke up from the weirdest dream, so take my word on this, this is not about reality, this is entertainment (or the future). The dream was nice and ‘uplifting’ there is nothing not sexy about a dozen women in tight outfits defending a location killing anything in sight. I am sitting in a chair (I think), the women are patrolling the place, there are at least 4-5 women in my room and a lot more outside. But the difference between peace and the other thing is a mere switch. From one moment to another all the women change from tranquil to deadly, waves of attacks start and the women kill whatever comes in view and there is a lot coming their way, yet in the end it does not matter, nearly all are killed, the exercise is over. It was a training, but not one you would see. This was the training of a true AI. You see, AI’s lean differently. They had similar training a child has, but the AI becomes mature a lot faster, a thousand times faster and to teach an AI they get pointers. They literally get data points and point references. This is called aggregated evolution. 

This specific AI is owned by the CIA and the year is 21xx something. 

The evolution happens through what will call an Exabyte drive. The parsing of that data takes a little while and it is done in the background, and the AI takes in every aspect of the training. It makes the AI the dangerous thing it is, and it is truly dangerous. So at this time there are only a few true AI’s, some are economic, some are logistic, some are tactical, some are operational. And only the big players can afford them, a true AI is not some server, it is like making the 1984 comparison between an IBM model 36 mainframe to an IBM PCXT. There are other AI’s, they are not true AI’s, but are a lot similar. They are a lot smaller and they are evolved deeper learning systems. They bring the bacon but only to a degree and the world is in a stage to create stronger AI’s, and as people find cheap ways to evolve their AI, a hacker team is dedicated to finding and hacking streams with data from Exabyte drives. They cannot comprehend the data, but any AI can and the evolution of an AI is worth a lot of money, so as these hackers seek they find the wrong Aggregation file. They find the one that was highly secure, but still someone found a way and got the stream of the CIA and there the problem starts. At some point the wrong one is pushed into a zero (yes, it had to be a sexual reference). But here we get a new lesson, one that as out there, but not the one we envisioned. When you were young, you tried to play with matches and your parents stopped you, just like you were stopped playing with knifes. You were told danger, and evil, bad and dangerous. It was how we learn. An AI does not learn, it does not merely learn the game of chess, it gets handed the history of EVERY chess game ever played. It gets pointers and create the experience, free of morality, free of ‘burden’, so when it gets data it never had it learns in its own way and has no morality baggage, yet what it learns could be anything. The pointers the AI creates evolves it and it makes it worth a lot more. 

So as we turn a page to another time we see a young woman dressed in retro miniskirt (70’s) and tight tank-top, she is looking in a store for a 4K movie, she picks up the Notebook (off course she did) and walks to the counter to pay, but now the stage changes, the operational AI in that mall was fed the CIA drive and recognises the woman, it sees a danger and EVERY system in the mall is now out to kill her and her kind (basically all women overly nicely dressed). The woman has no problems dealing with any attack, the security guards were easily dispersed but it suddenly happens all over the mall, and the security guards and the police accept the alarms that AI’s give them, the AI locks down the mall to protect the people outside but the mall becomes a deathtrap and all the other nice women who have no idea what’s going on are killed almost instantly. Those women who were not alone are suddenly seen as group dangers and women, men and children are executed, the AI never understood foundational stages and disperses as it was taught that a transgressing danger must be killed. And it happens all over the place, not merely in one mall, in any mall that had the same operational AI. 

It becomes over time the dangers that short cuts, hackers and greedy overseers represent, it is not some avoidable setting, when we consider Solarwinds, Microsoft and a few other hacked places, they all gave the goods, but we need to understand that true AI’s have foundational differences. We have seen this in many movies, but did we learn anything? 

You see, we saw periodic tables of what one day might be an AI, we see ‘Knowledge refinement’, we see ‘Relationship learning’ but they are separated entities, and the AI is supposed to operate like this and it does not matter what you think or say, someone will come, someone will be stupid enough to enlarge any AI for a lot of cash and there lies the rub, once we give any true AI the exabyte drive it is out of our hands, we do not get to become ‘caring’ parents, we merely unleash what we have wrought and there is no cautionary tale, because the greed driven will not care. In this the news is already there. Bloomberg gave us a week ago ‘Trained in the American intelligence community, cyber-contractors are now making their expertise available to governments around the world’, and today the Financial Times give us ‘Hackers stole cryptocurrencies from at least 6,000 Coinbase customers’ (at https://www.ft.com/content/43ab875b-2e96-48b7-926d-be17e925f1c3) there we see “by exploiting a flaw in its two-factor authentication system. The news, first reported by Bleeping Computer, comes just a week after the company had to drop its plans to launch a new lending product following the threat of legal action from US securities regulators.” It is followed by a lot of yaba-yaba and with “Coinbase said it had “immediately” fixed the flaw, but it did not reveal when it had discovered the vulnerability or the hacking campaign” we see that whatever it fixed was AFTER the fact and the use of ‘immediately’ indicates that no one was cruising their system trying to find optional defects, so it could happen again. All this whilst there is a debatable situation on the timeline that was out there getting to 6000 clients, so now consider a CTO using hackers to make its system a lot more valuable. 

Are you catching on yet?

Yes, the story I started with was merely the setting for entertainment, a movie or a TV episode, but it is founded on the dangerous premise we see every day, we use servers, we are online and hackers are a danger, yet what happens when we see the adaptation from Bloomberg, who gave us “To meet the surging demand for their services, these firms recruited cyber-operatives and analysts from U.S. intelligence agencies, offering what one former Federal Bureau of Investigations agent described to me as “buy-yourself-a-Ferrari” salaries. For some, their job description evolved from playing defence against hackers to going on the offence, heading attackers off at the pass. Others were assigned to counterterrorism operations, doing for their new clients what they had previously done for their country, and often using the same tools.” These nations evolved their systems with the experts that they could afford. Were they wrong? We seem to forget that US greed allowed for this setting to evolve and everyone wants people with top notch cyber skills. As I see it they did nothing wrong, they merely went where the financial security takes them and when we see the US as bankrupt as it presently is, all those nations get to go on a shopping spree and start a digital brain-drain of the US (and Europe too). 

We are seeing the impact of billion in damage and an almost absent stage of stopping it from happening. Close to a dozen events in this year alone and how long until the damage ends at our desk, the insurance and banks can no longer foot the bill, and that is happening now. We are handed phrases like “Potential future lost profits. Loss of value due to theft of your intellectual property. Betterment: the cost to improve internal technology systems, including any software or security upgrades after a cyber event”, so consider the dangers we saw with solarwinds, at this point there is still debate whether the full extent of that damage is known and it has been more than 6 months. So change back to the AI story I had, when it is an exabyte of data (which is 1,000,000,000 gigabyte), how long until this is parsed? That is before you realise that there is almost no rolling back from that setting, the cost would be?

This is the balance of one and zero, we need a larger change in what people are allowed to do, not because we want to, but because we have to, a change that final needs to pushed to a larger station, and this is not merely against hackers, the greed driven need to be held to account, optionally doing double digits in a holiday location known as Rikers Island. We have entertained ‘fines’ for too long, it only fuelled what needs to be seen as a wave of enriching crime, but that might be merely my point of view on the matter.

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Perspective

We all need it, you, me and all around us, it is essential to set a stage where we are able to set dimensionality of what we know, what we think we know and how it relates to everything around us. There are to benefits, the first is the ‘blinker’ effect. In the old days (and ever today) horses were given blinkers as to not get alarmed by what was happening around them, we too need blinkers. If we take in everything around us we might get anxiety. Now, we do not need actual blinkers, we day dream, we focus, we set the view to what we (at times) need to see. Some focus too much and get this tunnel view where the larger image would have been useful, but that is not always the case, it is at times arbitrary.

How about an example. There is talk of Google search leaving Australia, so here we see ‘A Google exit could open door for publisher deals with smaller players: ACCC’, a quote by Competition tsar Rod Sims, my somewhat less diplomatic view is “Is this Sims out of his fucking mind?”, you see the media has almost no credibility left, if you need an example of that, consider the news (by Dutch NOS) on December 25th (at https://nos.nl/artikel/2362024-leids-onderzoek-veel-gebruikte-sneltest-minder-betrouwbaar-dan-gedacht.html), I wrote about it in ‘The lull of writing’ (at https://lawlordtobe.com/2020/12/28/the-lull-of-writing/), in that time, which media format gave us any information? In light of todays news (at https://www.smh.com.au/world/oceania/what-we-know-about-the-new-zealand-northland-case-20210125-p56wre.html) a month after the Dutch situation we are given all kinds of filtered information, including a new South African version, with the added “but there’s no evidence to suggest an increase in disease severity or fatality rates”, and there we have it, no mention of ‘False Negatives’ at all, something that was out for a month from reliable sources mind you. In addition, we see the NewScientist giving us ‘Covid-19 news: UK variant may be 30 per cent more deadly’ (at https://www.newscientist.com/article/2237475-covid-19-news-uk-variant-may-be-30-per-cent-more-deadly) and here I accept that one source does not validate the second part, yet Sky News gives us that it ‘may be’ more deadly, which indicates that there is no proof, and other sources do not gives us anything, not even any form of opposition of the two elements, which could be valid, but the news is no longer about informing us, but giving us filtered information (which is their shareholders, stake holders and advertisers version of censorship), as such are we confronted by censorship or scenesoreship? I let you decide, yet the stage that the media gives us in opposition to Google, all whilst they have little to no credibility at present (well most of them anyway) leaves us out in the open wondering why we pay for that level of news anyway, are the shareholders and advertisers not paying them? So whilst Bloomberg gives us ‘Australia Says ‘Inevitable’ Google Will Have to Pay for News’ (at https://www.bloomberg.com/news/articles/2021-01-24/australia-says-inevitable-google-others-have-to-pay-for-news) people like Australia’s Treasurer Josh Frydenberg better realise that they are now walking with a target on their backs, you see, they might hide behind “it’s “inevitable” that Google and other tech behemoths will have to eventually pay for using media content”, all whilst that pussy refused (read: was unable) to overhaul tax laws, tax laws that impact all (including Apple, Netflix and Amazon), and in that setting, we will hold HIM accountable for filtered content, all whilst these news players give us links on Twitter, Facebook and Google Search that leads to advertisements to pay for reading their news, these advertisements are in the news sections, so where do we get OUR money back? So whilst we see “Frydenberg said Australia could either be a “world leader” in pushing for the code or wait to follow others in passing similar legislation”, or Australia becomes option 3, namely irrelevant. A nation with 25 million people is not that relevant, especially when it is as isolated as Australia is. And in that light, when Google moves out, what will Australia do when it realises that there are cogs to digital advertisement and commerce falls down and down, rely on the yellow pages, or a yellow solution (Chinese e-advertisement options). The news dug its own hole, it catered to Murdoch frenzy who pushed towards glossy pages, which is nice in the UK where there are 25 different newspapers on every corner, that is not the setting in Australia, so when the Australian Epoch Times overtakes any of the Australian papers, I will be howling with laughter, these people dug their own graves, relying on entertainment TV (channel 7, channel 9) to give us the filtered information (read: Australian news) all whilst the people were never considered in the first place. 

Now, there will be peope out there that my perspective is wrong, and I am fine with that, so the best thing to do is to investigate, the news that BBC, Reuters and Al Jazeera gives all, whilst we take a look at local newspapers and see what information is missing, as well as from their online versions. I saw the start well before 2012, but in November 2012 the news agents filtered out what gamers needed to know, there we see the larger issue. Trivialising a setting with ‘there is a memo’ whilst the terms of service are a legal setting between consumer and industrial, the memo was not, any meeting could destroy the memo, it could not diminish any agreed terms of service and 30 million gamers were about to get hit, the filtered information bringers left that out, and they have been leaving things out for a decade, the ‘False Negative’ issue as reported  by Frits Rosendaal from the Leids Universitair Medisch Centrum (LUMC) gave us this a month ago, and it impacts a lot more people than 30 million people, so where was this news? If you do not read Dutch you might not know this and you all needed to know this, which is opposing the view of Shareholders, stake holders and advertisers. So why do we pay for filtered information?

It is a stage of perspective, I will let you decide whether a false negative in a corona viral issue could affect you, your mum or nana. Have a great day.

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Dangerous conclusions

We all come to them, conclusions that are shaped in the mind, usually they are based on facts making them speculations, some are based on speculations making them pure delusions, some are in-between and that is the dangerous part, are they visionary, are they speculative delusions? The point is that the writer will see them as visionary, but the writer (even me) is not the best judge in this.

For the exercise I need to grasp back to a story I did recently. ‘Trillion dollar Musk’ was written on December 3rd (at https://lawlordtobe.com/2020/12/03/trillion-dollar-musk/), I there ‘accused’ Elon Musk that his value would skyrocket to $1.2 trillion collars. I also gave the readers “The UK (via the Guardian) inform us of “Britain’s electricity will be in short supply over the next few days after a string of unplanned power plant outages and unusually low wind speeds this week”, the UK has an increasing need for Scandinavian power and soon it cannot be met. I reckon that in the next 2-3 years that shortage will be close to systemic all over the EU”, the stage was set and I still believe that we are 2-3 years away, but are we? Bloomberg (at https://www.bloomberg.com/sponsors/jll/seven-ways-to-retrofit/index.html) gives us ‘7 Ways to Retrofit Buildings for Energy Efficiency’, it is a setting and it is sponsored by JLL, a real-estate and investment firm who gives us “We’re here to create rewarding opportunities and amazing spaces around the globe where people can achieve their ambitions. In doing so, we are building a better tomorrow for our clients, our people and our communities”, I believe that we are about to hit an energy snag, a little sooner than I anticipated. 

So as the JLL gives us 

  1. Upgrade you lighting
  2. Upgrade the HVAC
  3. Optimise Performance
  4. Implement a Waste Strategy
  5. Use Continuous Commissioning
  6. Organize “Treasure Hunts”
  7. Elevator Controls
  8. Added by me: Upgrade kitchens.

Now the Elon Musk battery shows the issues, even as we are now hearing more and more on the need for carbon neutral in commercial buildings, the private places are merely one step away.

Forbes reported in August “At first, the state’s electrical grid operator last night asked customers to voluntarily reduce electricity use. But after power reserves fell to dangerous levels it declared a “Stage 3 emergency” cutting off power to people across the state at 6:30 pm” and this is only the beginning. Elon is about to get a massive increase of value and his wealth might go up well beyond $1.2 trillion. 

It is not limited to California, although they are the most visible one, New York, the United Kingdom, and parts of Europe and Australia will see a drastic need for power sooner rather than later. At that point the rich we can ignore, they will get what they need, the middle income section, that is where the massive gains are made, a lot will add a growing carbon neutral stage with the adapted Tesla battery, the power grid adaptions for lights, Air conditioning, water heaters (boilers), fridges and freezers. There will be a massive option for growth there, the adaptation of AC equipment to DC equipment, a stage where some will buy new stuff and some will need adaption with new power units for both. I came up with a new sort of roof tile, made from recyclable plastics, and each tile will have solar cells, instead of putting panels on top (some will still do that), to tiles where people can grow their power creation stage, two tiles, the highest levels which connects to the second grid and the battery and other tiles that will connect to other tiles and a highest layer tile. The benefit of that is that people do not need to splurge on massive panels, with the battery they get tiles, but it is a basic level, as some need more power more quickly, more sets of tiles can be bought, giving the people months to grow their setting and reduce their carbon footprint. In addition, some will add wind-vanes. It is a stage that is as essential and as clear as traffic jams, we have been increasing power needs with an average of 5% per year. How long did you think that the energy companies could deliver? Consider your fridge, what you had 10 years ago and what you have now. Larger families needing more boiler water and the summers require more and more air conditioning units, all set to a lower temperature burning power away and California can no longer cope with the need. They are the first, but they are not alone. How many devices require a charger? In 1990 that was 1 perhaps 2, now it is 5-8 PER HOUSE, routers, Wifi modules, and the PC went from the ‘high end’ of 300 Watts to the average PC now needing 600-1100 Watts. In 1990 there were less than 700,000,000 globally that were into gaming, now that number is 2,000,000,000 higher (globally), two billion additional devices, the consoles do not use that much, but still 150 watts, times a billion is still a lot, they also need a TV running, now, the TV is actually a massively low energy user if it is a LED flatscreen. But the numbers are not looking good and that is before you realise that PC’s were something a company had in 1990, now, for the most, nearly every employee at every firm has one, there tend to be low energy versions, but they are still there and often they are on day and night. When you see this list and do the numbers, you need to see that energy firms needed to double their options in 2000, that never happened and now they need and alternative and Elon Musk has it, and owns the IP no less.

So is my version so much more visionary because Bloomberg had a sponsored JLL article? I don’t think so, but I believe that awareness is being created at higher levels and we need to catch on sooner rather than later, because the prices of electricity will go up again and again in the next 2 years. Consider your budget and consider your energy costs will go up by 10% in 2021, how much more budget will you not have?

That is the stage I foresaw some time ago, I will let you decide how right or how wrong I am.

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Cursed by choice

It is a setting some will remember, some fondly, some less so. It is a state where you have too much options. Let me try to explain this, for example, your iPod you find after a year and you see hundreds of songs you have not heard for some time, but you cannot decide, or perhaps a choice of 5 RPG games and you have select one to play. The inability to seek between good options if you want.

It is a setting the reflects on to situations. The first is the one, the only, the musk (Elon to insiders). BBC reports “Tesla’s share price surged about 14% in New York following the news it was being added to the index. Given Mr Musk’s 20% stake in Tesla his net worth rose to $117.5bn, according to the Bloomberg Billionaires Index. His wealth has jumped $90bn this year as Tesla’s share price has continued to rise”, I look at the setting differently, some say he has the Midas gene, he can anything he touches to gold, I reckon like Steve Jobs and a few others, he has the ability to turn generic outliers into commercial successes. We can go from the fact he knows what is useful, we can go with he knows where to push, who to push and how much to push. We can look at it in different ways, but in basic “Tesla’s share price surged about 14% in New York following the news it was being added to the index. Given Mr Musk’s 20% stake in Tesla his net worth rose to $117.5bn, according to the Bloomberg Billionaires Index. His wealth has jumped $90bn this year as Tesla’s share price has continued to rise”, and that is before he realises (perhaps he already knows) that he is optionally sitting on an additional $1.2 trillion (meaning $1,200 billion) and the wired has seemingly no caught on, I had a few ideas in support of that, but the IP is already his, so why bother, he will figure it out. And that is before he goes to space, there he might make a few coins more. 

It is one setting and the opposing view is seen when we look at the lovely youthful youngling known as Taylor Swift. That BBC view (at https://www.bbc.com/news/entertainment-arts-54969396) gives us “Writing on Twitter Swift said it was “the second time my music had been sold without my knowledge””, here we want to answer in anger, yet the article also gives us “Swift signed a deal with record label Big Machine in 2004 granting them ownership of the master recordings to her first six albums in exchange for a cash advance to kick-start her career”, as such if there is no clause with a mandatory first option to buy back, I wonder if Scooter Braun did anything wrong. The news gives us that she signed over ownership on her first 6 albums, so I understand that she is not happy, but did Scooter do anything wrong? She is not the first, I learned a lot later in life that Paul McCartney has lost ownership of Beatles songs. I actually never knew that. And he is not alone, as such, and especially as we know and have seen that Taylor is very intelligent, why she learned her lesson the hard way. As one is cursed by many options, the other one was forced by a lack of options. The most dangerous part in all this is doing something expecting them to act in another, when we see “US entertainment magazine Variety first reported on Monday that Braun had sold the rights – known as masters – to an investment fund. It said the deal is thought to be worth more than $300 million (£227m)”, I wonder how much the songs were bought for, as such still, one third of a billion is a whole lot of money, I would not sell my IP for that (I would set it to a percentage of the patent value), yet overall I could be tempted. And there is a setting switch, it is about awareness, how many people in the music industry have a real grasp of IP and what it is worth nowadays. Games, movie, TV series, they are all in need of music and there is so much one can compose, it was perhaps one of Ubisoft most brilliant moments in all this, get well known songs or well known artists to support the IP, Imagine Dragons is perhaps one of the more known artists, it propelled the game, not merely the graphics, the music was a large part of it and Ubisoft was exceedingly clever there, they might not own the IP, but they knew a good deal when it was there and musicians need to catch up, especially in this age of Netflix and streaming. Now this is not an attack on Taylor Swift, this might have been her only option, yet the stage remains, what kind of legal advice did she get? I do not know, I am merely asking. So when I see (according to the BBC) “When his company, Ithaca Holdings, paid $300m to acquire Swift’s former record label last year, Swift saw it as an act of aggression that “stripped me of my life’s work”. She accused Braun – who also manages Ariana Grande, Justin Bieber and Demi Lovato – of “incessant, manipulative bullying”” we see a lot of emotion, but the stage is did Scooter Braun do anything wrong or illegal? We might say immoral and unethical but neither is a crime according to law and that is the setting we need to see and perhaps Taylor should have appealed to Elon Musk who has well over 3,000 times what she apparently needed, it is merely food for thought, although, I reckon that Elon gets a dozen of these attempts to contact an hour, and optionally when he figures out where his optional missing $1.2T is even more.

Such is life!
There are two groups cursed by choice, one group has too many, the other has (far) too few. Which one do you belong in? And what makes you think that you are in one or the other, because that contemplation tends to be a solution in itself at times.

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View of a different nature

We all have a view, we all have a way of looking at things. I am no exception, that is the sight we have. Yet some people (and I personally count myself among them) have a much stronger ability to adjust the views we have. Some (like myself) have the ability to adjust when needed. In this age of being told a story, it is important to be able to look at the data.

My adjustment started in early 2018 when I was made aware of Neom City. The new city that was to be build by Saudi Arabia. Its foundation was so overwhelming that it was enticing to applaud it. Never in the history of mankind was something like this ever conceived. A city around 20 times the size of New York was to be build. That setting was inspiring and it drove me to create some of the IP I ended up having. The setting of a new all tech city was overwhelming, yet that was only the beginning, it was then that we got to see an increasingly amount of anti-Saudi events and articles. So when the Guardian gave us ‘Revealed: Saudi Arabia may have enough uranium ore to produce nuclear fuel’, I decided to dig. The first thing I noticed was the presence of Stephanie Kirchgaessner. I saw her name on ‘Jeff Bezos hack: Amazon boss’s phone ‘hacked by Saudi crown prince’ in January this year. There we are introduced to “that had apparently been sent from the personal account of the crown prince of Saudi Arabia, sources have told the Guardian”, I had an issue with the hatchet approach, no matter what Kirchgaessner calls herself. I basically debunked the hacking issue, as well as security forensics firm FTI Consulting in less than an hour, the Guardian was that thorough before publishing what they would call at best ‘highly probable’, yes that is what we need from those so called investigators and the fact that I was able to pump holes in the setting within an hour, in addition to actual electronic forensic experts giving even more evidence that led to believe that the accusations were debatable at best, completely ejectable at worst, that is not a good setting to be in and now that same name comes back to the Guardian article. Now we see “The disclosure will intensify concerns about Riyadh’s interest in an atomic weapons programme”, yet the monarchy of Saudi Arabia have always stated the they would not go near an nuclear arsenal until Iran does and it seems that the pussies of this world (politicians and journalists all over the world) have not been able to do anything ab out Iran, so they have another go at Saudi Arabia. In all this the entire setting that the quote: “Confidential Chinese report seen by the Guardian intensifies concerns about possible weapons programme” is driving this all. Let’s be clear, the two places where journalists have no access, the Guardian gets a report? And the evidence is debatable, it is all linked to “These are “inferred deposits”, estimated from initial surveys”, so it is based on estimations, a debatable source. Now we can accept that it is possible the there is Uranium in Saudi Arabia, and it was never a secret, there has been plans that go back to 2016 that Saudi Arabia has had plans to extract uranium for the domestic production of nuclear fuel. The UN nuclear watchdog, International Atomic Energy Agency (IAEA) was also assisting Saudi’s nuclear ambition (at https://www.bloomberg.com/news/articles/2020-09-15/saudi-arabia-s-atomic-ambition-is-being-fueled-by-a-un-watchdog)

Yet the Guardian gives us “The greatest international concern is over the kingdom’s lack of transparency. Under a 2005 agreement with the International Atomic Energy Agency (IAEA), Saudi Arabia avoided inspections through a small quantities protocol (SQP), which waives IAEA monitoring up to the point where fissile fuel is introduced into a reactor. The nuclear watchdog has been trying to convince the Saudi monarchy to now accept a full monitoring programme, but the Saudis have so far fended off that request”, And in this Reuters gave us 3 weeks ago “IAEA providing support for Saudi Arabia as it plans to adopt nuclear energy”, it seems that the Guardian is giving us an adjusted negative view, with a lacking support on several fronts and I wonder why that is happening. In all this the Guardian also evades the entire enrichment issues the are required for nuclear warheads in opposition to enrichment for fuel, why is that part missing? All this, whilst the escalating party (Iran) is given leeway after leeway. You see, in this the one party is fuelling the other and Saudi Arabia has been up front about the from the beginning.

The Guardian gives us that with “The kingdom’s nuclear ambitions have become a source of heightened concern in the US Congress and among allies, particularly since Crown Prince Mohammed bin Salman declared in 2018 that if regional rival Iran develops a nuclear bomb, “we will follow suit as soon as possible”” Yet part from the Iran drive, the Saudi drive was for fuel only and that part is missing, there is a lot missing and when we consider the quote “who have been scrambling to help Riyadh map its uranium reserves at breakneck speed as part of their nuclear energy cooperation agreement” whilst this started in 2017, I merely wonder if the writers at the Guardian have any clue of the concept ‘at breakneck speed’, as I see it, in 3 years mapping is not breakneck speed, especially when we add the ““inferred deposits”, estimated from initial surveys” it smells like something it is not and yes, we should keep our eyes open (both Saudi Arabia and Iran), yet IAEA part is merely a small paragraph, and part of that is inferred, not the way I would go, but the is me. I think that the Guardian went wrong here, I would have made the entire IAEA a lot more important, and as the headline gives us ‘may have enough uranium ore to produce nuclear fuel’, my question becomes, why is there a ‘may’ in the headline? I would consider the setting that if there is a ‘may’ after the entire setting had been going on for 3 years, we have a larger issue and the stage of ‘confidential documents seen by the Guardian’ becomes a lot more debatable when there is a massive absence of ‘enrichment’ in the entire article. Did anyone notice that? So where is the fuel getting enriched? So whilst the article goes on with “for either an energy or weapons programme” we need to consider that enrichment is essential for weapons, so where does Bruce Riedel (the expert from the Brookings Institution) get his information? Why is the article skipping enrichment, the most essential element towards weapons? We are happy to see “The Guardian could not independently verify the authenticity of the report”, yet that merely makes the article more debatable, not less so.

 

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Insensitive Me

Yes, at times I tend to be truly absent of empathy, especially when I see small items like ‘as companies struggle with debt‘, so as I am given ‘Experts warn companies that have gorged on cheap money for the past decade face going out of business‘, some of them relied on the famous sales quote ‘Fake it till you make it’, and now we see the ‘warning’ sign “A worldwide credit crunch triggered by the coronavirus will set in motion a wave of corporate bankruptcies that will make the global financial crisis look like “child’s play”, investors have warned.” In this my sober response would be ‘And? Why (the eff) would I care?‘, these people relied on the debt, money they never had to get beyond the point of faking it till they made it and one small flu event is now driving them out of business. So as the world is throwing trillions against it all, I wonder just how short sighted they are. The EU spent 3 trillion on an economy to start it and it never did. As such there will be a much larger toll to everyone involved. There is no upside in “The sudden loss of revenue faced by airlines, tourism-related businesses and carmakers make them extremely vulnerable” OK, we get it, it is not their fault, but we have seen an economy giving out ebts, loans and cheap travels all over the world. Now that there will be an actual cost, there is always an impact we did not see coming. And as we are treated to: “many companies will struggle to refinance debt due to a repeat of the sudden change in credit conditions that sparked the 2007 credit crunch, banking collapses and then the GFC. The prospect of no revenue for months meant creditworthiness had plummeted in exposed sectors and cut off access to funding” we see the shortsigted issues that not having reserves bring. There is now a larger cost to rolling over debts and the stage that zero revenue brings will kill off the smaller players, those players thinking that they were in the same league of the big boys and the big boys are indeed wondering if they survive this age, as such the small fishes have almost no chance. 

As such as we consider the impact of “$2 trillion worth of corporate debt is due to be rolled over this year” all whilst we see no validation of debt rolling over, and the absence of paid off debts, we see a much larger field and everyone is in a stage ‘but why me?‘, as I personally see it, it will affect everyone who did not take the option to reduce their debts. I get it, some will be in a shabby situation and none of this is on them, but to give a rise to 5 out of 500 is a little shallow, is it not? It is the station that we see with “Lindsay David, of independent consultancy LF Economics, said the coronavirus shutdown had exposed longstanding imbalances in the financial system that had been disguised by more than a decade of ultra-low interest rates and trillions of dollars from quantitative easing schemes in the major economies“, we see the stupidity of ‘longstanding imbalances in the financial system‘ and the question attached to that ‘Why was it unattended for so long?‘ is a station that no one wants to be at, no one wants to answer that part of the equation. 

As such, the quote “We know everyone is overleveraged, full-bore, full-risk,” he said. “All we were waiting for was a trigger and unfortunately that has come in the form of a health crisis.” As such it is not the fault of the Coronavirus, any trigger would have sufficed, as such being the one adhering to some Wall Street need, is set to zero and the house will take it all, it is in that light that some see players like Virgin Australia who needs to roll over $5 billion whilst it is in a stage where it cannot bring more than $500 million to the table, a mere 10%, even in the better stage where it would have been double that, rolling over is a doubtful stage for a few lenders, yet this health trigger is not the one anyone hoped or even wished for, it is a stage that was well over 10 years in the making and greed driven people filled their pockets and walked away with a multi million bonus, enough to live in luxury for the next 10 years. After which the market will resettle and their stage of profit comes again, that is what we have catered to.

So as we are introduced to “A full repeat of the post-Lehman Brothers crisis was on the cards, he said, as banks scrambled to hold on to liquidity” a lot of people have not considered the stage we see where the panic driven people first bought out all the pasta they could and after that take out their ATM and saving balance before the bank runs out, at that stage the initial point leading to the worst of the worst will be a much larger stage for everyone.

And the larger issue is seen at the end of the article with: “Let’s say you are a pension fund in Canada and six years ago you gave a bank $1bn. Every year you roll over that bond and the deal remains in place. But now you’re saying, ‘you know what, can I have that money back now?’. So the problem for the company is, where will I find $1bn? Not from its deposits or its liquidity because it’s now got more money going out than coming in.” and that is not where it ends, in October 2019 we saw “regulators should be ensuring the strength of the financial sector to withstand future risks, not weaken it, but that is not what is happening in the U.S.  Recent moves to ease regulations suggest financial stability risks are at an inflection point. Incentives to leverage will continue to rise as interest rates remain low amid a global search for yield.  Vulnerabilities that have been “moderate” could escalate quickly to “elevated”, as they did in the lead up to the 2007 – 2008 crisis“, as such some tried to ‘ease’ the Basel 3 regulations as fast as their greedy needs required, as such, we see “Phase-in arrangements for the leverage ratio were announced in the 26 July 2010 press release of the Group of Governors and Heads of Supervision. That is, the supervisory monitoring period will commence 1 January 2011; the parallel run period will commence 1 January 2013 and run until 1 January 2017; and disclosure of the leverage ratio and its components will start 1 January 2015. Based on the results of the parallel run period, any final adjustments will be carried out in the first half of 2017 with a view to migrating to a Pillar 1 treatment on 1 January 2018 based on appropriate review and calibration” (at https://www.bis.org/press/p100912.pdf), now that was then and it got a little more time “The leverage ratio1 and the Net Stable Funding Ratio (NSFR), which took effect in January 2018, and the supervisory framework for measuring and controlling large exposures, which took effect in January 2019, have yet to be adopted by all jurisdictions (Graph 1). The leverage ratio is now in force in 16 jurisdictions (one more since 2018), while 11 jurisdictions have final rules in force for the NSFR (unchanged since 2018). Only 10 jurisdictions have final rules in force for the large exposures framework.” (at https://www.fsb.org/work-of-the-fsb/implementation-monitoring/monitoring-of-priority-areas/basel-iii/) as such it is not required until 1 January 2022 (as some stated), and now that it is too late, we will get the larger impact. So how happy are you with those people making 6 figure numbers and delaying it all again and again? You will feel that part soon enough when internal systems start to buckle. We might think that President Trump $1 trillion dollar bailout is a good thing, but when that money dries up (and it will dry up a lot faster than you think) he will a scared little mouse, as he will see firsthand what 300 million angry Americans look like and corporations will see the impact of their delay and rollover tactics. Even now as we are told ‘Trump administration is asking states to hold off on releasing unemployment figures as economy plummets‘, we might start to see a much larger failing. We are in a stage where we set ourselves up for a much larger stage, one that outstages the great depression of the 30’s, it merely took a case of the flu to get us there.

Should you think I am exaggerating, consider the Bloomberg headline (at https://www.bloomberg.com/news/articles/2020-03-19/goldman-sees-deepest-australian-downturn-since-great-depression) a mere 2 hours ago. It might have the sobering ‘Goldman Sees Deepest Australian Downturn Since Great Depression‘ headline, but in part the overp[aid delaying factors are to some degree cause of it all and they are hiding behind “Most of the contraction is expected to be driven by a collapse in ‘social’ consumption“, the essential part of ‘the stage of reserves is not what it needed to be‘ is not mentioned anywhere, you have to distill that from other parts and read through the emptiness of what they claim, they might claim facts, yet they do not give any part of the whole story and it will hit the US, Australia, the UK, France, Spain, Italy and to some degree even Germany. That is what we have to look forward to, at least as the Covid panic continues. It seems to me that the makers of pasta and pantry items are in a much better position. Until a month ago, the idea that San Remo ends up being one of the richest companies in Australia would have been laughed at, when you look at the empty shelves almost everywhere last week, that stage is a lot less laughable at present, I wonder in all this whether the new economic superpower will include San Remo and/or Barilla, as there is a chance that the seat of Virgin Australia on that board will be up for grabs soon enough.

 

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Corona?  I Never touch the stuff!

There is a lot happening here. New Zealand has closed its borders for people coming from China. The death toll climbing to 360, creating more death than SARS did (only 349) and I see here in Sydney a larger population in facemasks which is partially hilarious and China’s Global TV network (CGTN) Tweeted “Central China’s #Hubei Province, the epicenter of the #coronavirus outbreak, reported 2,103 new cases of the infection on Sunday, bringing the total number of confirmed cases to 11,177 in the province. more: https://t.co/HbG7VtIQbH pic.twitter.com/XLAmlgtVpI

This made me look out, as there were only 6800 cases when I wrote about it 3 days earlier. Also when we see the bells tolling 300 dead a day ago, we see a larger shift, this becomes more visible when we consider the New York Times a mere 5 hours ago ‘Wuhan Coronavirus Looks Increasingly Like a Pandemic, Experts Say‘, to be honest, I am not entirely sure why experts give the “is now likely to become a pandemic“, I mean, it was not rocket science, I gave the defenition in ‘Just like in the movies‘ (at https://lawlordtobe.com/2020/01/30/just-like-in-the-movies/) where I wrote “Each country where one person stated ‘Not me, I merely have a cold‘, that person will infect dozens more each day. That is how a pandemic starts. Let’s be clear, the term pandemic means an epidemic of disease that has spread across a large region (including multiple continents).” As such the pandemic stage had been surpassed 3 days ago, consider that it was then (among other places) in  Hong Kong, the United States, Australia, France, Germany, Canada, Finland, and the United Arab Emirates, pretty much every continent was covered. So far it seems that Russia does not have it, but I reckon that is merely the ostrich with its head in the sand syndrome. 

In all the statistics on this are also a problem, the information is all over the place and as one source gives 12036 infected, another gives 14550 infected, as such there is a time line that does not always match up. The BBC actually covers that in ‘Doctors fight back against misinformation online’ (at https://www.bbc.com/news/blogs-trending-51327671), where we see: “With viral misinformation about the deadly coronavirus in China spreading rapidly online, some doctors and scientists have taken to social media to fight back against false reports.” It merely shows that Facebook can spread ‘social news’ faster than any rumour could travel. Yet in this, it is more than not likely that the retweeting of older news and news from unconfirmed sources by Twitter will aid in this madness.

Chinese news outlet, Tencent reported on the cases in China, as per their stage it is ‘deaths at 361 and confirmed infections in China at 17,238‘, yet beware, this is for China, there are now close to two dozen nations with confirmed cases. The one from Sweden is perhaps the most illustrative one. “The patient is a woman in the Jonkoping region of southern Sweden who had visited the Wuhan area of China. She sought medical attention after arriving in Sweden on Jan. 24. “One case doesn’t mean that we have a virus outbreak in Sweden,” said the agency’s Karin Tegmark Wisell, who added that the country’s health-care is well prepared to deal with the virus.” I do not disagree with Karin Tegmark Wisell, yet she was a carrier and passing on the disease before the patient knew she was a carrier, as such she would have been in Arlanda (most likely), then a train or a car with stops and for some time she was unaware that she was sick. There is every chance that she infected 3-50 people, depending on how she travelled back and the 24th was before the madness began. Now, my 3-50 is highly speculative, but I have been to Sweden, I know the airport, the cafe’s, the train station (if she went per train). The article by Bloomberg was given last Friday (at https://www.bloomberg.com/news/articles/2020-01-31/sweden-reports-first-case-of-confirmed-coronavirus), yet Swedes get colds all the time and before the news they might not have realised that it was the Coronavirus.

However, the Wall Street Journal throws fuel on the fire with ‘The outbreak of novel coronavirus appears more contagious than seasonal flu and is on par with SARS in 2002 and 2003, studies say‘ (at https://www.wsj.com/articles/experts-race-to-figure-out-how-contagious-the-wuhan-virus-is-11580672317), we also get “China says that as of Sunday there were 5,142 infected people in Wuhan, the locked-down city where the outbreak began” Yet in light of other news, (Tencent) and other sources we need to consider that Corona has take a large flight out of Wuhan, the numbers do not add up and the confirmed cases that we see as reported by several sources give a very different picture, a picture that implies that Corona is indeed highly contagious, even more so than SARS ever was. In addition the WSJ gives us “The researchers started identifying and collecting cases around the start of the year, by interviewing patients, relatives and other close contacts. They estimated the reproduction number at 2.2 and said that the majority of patients weren’t hospitalized until after five days of being ill.” I cannot vouch or attack the number, because so far all the data seems to set this, yet how many have the disease and are untested? Again the Swedish example, this lady might have been an initial case, and she might have infected others, yet that view comes reality when we see the issue in Spain, there we see “The first coronavirus patient in Spain, a man living on the remote island La Gomera, was apparently infected with the virus after being in contact with an infected person from Germany, the Spanish Health Ministry said.

My issue is finding a way to properly informing m readers using the best sources available and not making them panic (which is slightly more difficult than I thought). In addition, if you are not in China, freaking out over a person sneezing in the room makes you not cautious, more crazy and that is the reality we face. Here in Australia, an ‘island’ with 20 million people, here we have 12 cases (at present)  4 in New South Wales, 4 in Victoria, 2 in South Australia, and 2 in Queensland. As such the reaction from people here is a little too strong. Yet on the other side we have the ‘better to be safe than sorry’. However, numerically speaking, of all NSW cases were in Sydney, we get 4 out of 6,000,000. The numbers go my way when I say ‘do not overreact’. That is the truth of the matter, yet we also see that too many people are not reacting when they have a cold. The truth of the matter tends to be in the middle of what we face, that has been my view on most issues. 

And in Australia we tend to be a little more down to earth, so when someone asked me: ‘what I thought of the Corona situation’, I merely answered ‘I never drink the stuff‘, testing her sense of humour and her lack of accuracy all at the same time (I thought that the event would go different in the end).

Yet, I was making light of a situation that is actually a lot more serious than most think it is, that is what the Scientific American gave us last Friday (at https://www.scientificamerican.com/article/study-reports-first-case-of-coronavirus-spread-by-asymptomatic-person/), as we see “A woman from China infected a person in Germany before she began displaying symptoms“, you might have noticed that I have made several of these claims over the two articles on this, but did you understand it?

That is actually more important than you think, The stage of (what nerds call) ‘First Case of Coronavirus Spread by Asymptomatic Person‘ is the darker part. You see, most people are most often knowingly sick when they spread a disease. They might not show anything, but they have in themselves a part of the disease already eating them (flu like symptoms), this setting is almost unique and it makes the setting of the Coronavirus much harder than anything before (like SARS). As such we see “The infection described in the new paper involved a woman from Shanghai who traveled to Germany for a business trip from Jan. 19 to Jan. 22 and displayed no signs of the disease, which include cough and fever. She only became sick on her flight back to China” and that setting is why I focussed on the Swedish woman and looked at the other cases. Yet the foundation of passing on before awareness is too big of an issue to ignore and I believe that the statement we saw in the beginning ‘is now likely to become a pandemic‘ was the wrong statement. There is a pandemic and we have no solution because this disease works outside of most borders, the fact that we can infect others before we even realise we are sick is almost unheard of and that makes Corona for a much harder nut to crack.

 

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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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