Tag Archives: bloomberg

One voice is still a voice

I made mention of this all over June. The production cuts that Saudi Arabia set out to do would have impact. Some called me stupid, most ignored the issue. Yet Bloomberg gives us ‘Saudi Arabia’s Oil Production Cuts Are Quietly Starting to Bite’ (at https://finance.yahoo.com/news/saudi-arabia-oil-production-cuts-105634851.html), as such you need to consider. Not merely that I was right. The larger setting is that this is only one week into the new amounts and it is starting to bite. So how will the setting of less oil be in a month time? And before you know it North America and Europe enter autumn with all the heat they require at that point. We are then given “Brent oil traded in London had been stuck around the $75-a-barrel mark for weeks. That shifted a little Friday, when the contracts rose to about $78, a level they have largely held at since.” A setting we get and understand, but as the supply landscape is redefined, that price cannot be held and I reckon that in a month time it will hit the $90 mark and after that it gets nasty in a hurry. And there is an additional quote that matters. We are given “In the latest move, at least two processors in Asia sought less from the Saudis for cargoes shipped next month, and another said it won’t take any cargoes after an unexpected price increase.” This sounds nice on paper, but when we have 15 processors al vying for the 1 million barrels out there, at least 5 will have no oil to process. It is simple math and at that point the item of sulphur content will not hold much water. And whilst people are shouting where is our oil, I see a group of people that forgot that Saudi Arabia is building a new refinery in China which will gobble up almost a million barrels a day and China who got the deal with a clause accepting that payments are in Yuan is slightly too happy and when Europe (America and Canada too) realise that the reduction in oil is permanent and that China is now in a stage with loads of oil to fuel their economy. That is the point when people realise that they are losing a lot more than they bargained for. If only the US hadn’t pissed of Elon Musk to the degree they had. Yet this is about oil and not about batteries. The simplest setting is that this ‘biting’ is happening after less than 2 weeks into the reductions. So what will be the case in 4 weeks? Is someone considering that Janet Yellen had a portfolio of begging prescriptions towards China? I have no idea where this will end, yet I remember the ‘carless Sundays’ in the Netherlands in 1973. We might have that soon enough and now all over Europe and optionally America too. In 1973 it was fun. I got to test my roller skates on the A27 (a Dutch highway) which extension past Hilversum was brand new and I got to test that tarmac and not a car in sight, good times. Yet now it will be different and I reckon that the economic image will change for a lot of nations. It will not be a simple ‘lets add some money we do not have’. Now several members of the EU will be waging some kind of personal war to get the oil they all need. And I gave fair warning around two years ago. And it was not rocket science, it was simply based on the old premise ‘do not bite the hand that feeds you’ and that is how the escalation wth the UK (and their CAAT) and the US with whatever premise they thought they had and now they all want oil that they are denied. It sucks to be them soon enough.

It might be quietly biting now, but in 4-8 weeks it will not be quiet and when Europe (as well as the US) enters winter that setting will not be a nice one.

Enjoy the almost middle of the week.

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It’s a point of view

This happens all the time, we all have a point of view and others have their point of view and they do not completely align. There is no right versus wrong issue, or there could be, but there is every chance that some views are based on three points. Consider a rectangle or a square, they both have points A,B,C and D, but we only see three of them, and with three you can tell whether it is a square or a rectangle, you merely miss one point and base your view on the other three points. It does not matter which point is missing, you get a decent view, but someone who sees A,B and D will draw slightly different conclusions than someone who has B,C and D. Neither is wrong, but they do not complete align because the events that surround these 4 points are different. This is how I see it and as such I took great interest in the Australian Financial Review (at https://www.afr.com/companies/energy/opec-s-gamble-can-the-global-economy-cope-with-higher-oil-prices-20230410-p5cz7f) where we see ‘OPEC’s gamble: can the global economy cope with higher oil prices?’, so whatever you see next, whatever difference I have, I am not dismissing THEIR view. I like their view, I might not completely agree, but they will have another point plotted towards their view. 

And we start with “the risks for the Saudis and the global economy are high if they push it too far. “We have high inflation, economies potentially going into recession, and this is a situation where you need lower oil prices for a short period of time for the economy to recover,” says Adi Imsirovic at the Oxford Institute for Energy Studies (OIES), who once ran oil trading at Russia’s Gazprom.” It is not the first part of the story but it matters. You see, the UK, EU and US are in the metropolitan areas a mobile workforce. Adi Imsirovic can cry for chap oil all he likes, but the setting of ‘lower oil prices’ all you like, but people have been playing that tune for too long and NO ONE is looking at Brent oil on this. You all became a import commodity economy and that comes at a price, especially when you piss off the exporters. In the UK take a look at the laughable CAAT, they were all crying and not to mention Just stop oil group. Now you see the impact of higher oil prices and the players did this to themselves. You cannot push around an ally (Saudi Arabia) and then demand cheap oil, a commodity supplier who can close their own supply valve. 

This also impacts “Abdulaziz also managed to confound those speculators who had bet on falling oil prices after the recent banking crisis sparked new fears about the global economy.” In a stage I warned for for well over two years, the term “confound those speculators who had bet on falling oil prices” is a joke (and a bd one at that). You see, this danger was out there for some time and betting? That is what you do in Las Vegas where the odds are wild and when the US and EU (UK too) decided to make the odds wilder by insulting their proclaimed ally the writing of higher oil prices and less oil was on the wall. And all this was BEFORE China saw its path clear to give the bird to the USA (that gesture with the finger). As such Saudi energy minister Abdulaziz bin Salman did exactly what was required for the good of the Kingdom of Saudi Arabia, it might not reflect on the needs of the cheap oil deliverers, but they could go cry at the fountain of Brent oil but the media does not report on that, Brent Crude (operating on behalf of ExxonMobil and Royal Dutch Shell) might be ‘too big’ for the media. Yet I have not seen anything regarding Darren Woods and Wael Sawan regarding dropping oil prices. Why is that? We see all the fingers towards Saud Arabia, yet Shell beat profit expectations towards $40 billion and ExxonMobile  beat it with $56 billion. And both broke expectations above 150%, as such I have issues with the entire OPEC setting. And when it comes to ‘lower oil prices’ who bet on this on Brent Crude lowering them? I am willing to set whatever I have at present ($0.70) that the amount of gamblers will add up to ZERO. Which makes me $25.2 (not enough for my new apartment). 

So when we get to “Now the question is if OPEC’s surprise cut will raise prices too quickly for the health of a fragile global economy, especially as central bankers continue their quest to tame inflation” no one is looking at the one element EVERYONE is ignoring. Inflation is also tamed buy banks having their donkeys on a row and with Credit Suisse and a few American banks we can say that this is not the case. So when we consider last week revelation by the BBC ‘Swiss probe into UBS takeover of Credit Suisse’ as well as the news only 2 hours ago that there is something brewing with the Viva Energy deal at $1.15 billion, I reckon that inflation issues are a lot larger than merely through oil and it is time that banks are properly looked at, because they are the so called power players in any inflation deal and no one is stopping certain players. Why is that? And when you consider the larger station, no one is acknowledging that commodities are at the power of the supplier and pissing off one of the biggest suppliers whist you shun two others for whatever decent reason (Iran and Russia), you need to reconsider the stupidity of any action against the third player who basically has had enough and now that China sees a larger playing field, they will take that option, especially if they can do it for a few Yuan more. That too is missing from the equation. That gives us a new discussion or consideration. So here is the new setting, it is not whether we were looking at a square or a rectangle, but we were looking at three points of an octagon/polygon. We were seeing the points correctly, but the stage was not properly marked and that makes neither wrong, it makes us both incomplete and consider that I am a mere blogger without a economics degree and the other player is the Australian Financial Review (and many other newspapers), who has the better excuse for not seeing the whole field? Consider that for a moment and consider the people pointing fingers at Saudi Arabia, why are they pointing there and not in other directions as well. In all this I believe that they have the proper reasons, can the same be said for Brent Crude? I will let you decide.

Enjoy the day.

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It has holes

There are a number of issues with banks, the latest one is the one I left alone initially. It was the Credit Suisse – UBS issue. 

The initial issue are the holes, like a Swiss cheese, it has holes. In the cheese it is accepted as it is part of the process. But with banks? How many holes can we allow for? Now, the ice is thin here. I am not an economist and I am no banking person, So what do I know? Well, I know infrastructures going back to my Intelligence days, I have seen companies getting gobbled up and in some cases for all the wrong reasons, you see those parts were on paper pleasing, but the reality of it was that reality bites and that is when you feel like a Japanese guy gobbling up a live fish. That is seemingly OK, until the fish eaten is a piranha and it starts eating you from the inside out.

So lets get back to the first article (at https://www.bbc.com/news/business-65177258) where we see ‘Credit Suisse investors angrily confront bank as chairman says sorry’. There we see Ulrich Korner in some stage of apathy. He reminded me of a Dutch political comic in one of their newspapers (a long time ago) where we see “When we get to item 4, it would be best if at least one of the board members start crying”. It felt like a farce, a joke for the stockholders who are about to lose a lot more than they bargained for. The text the BBC gives us is “The loss-making bank had already been struggling for a number of years after a series of scandals, compliance problems and bad financial bets. Mr Lehmann told investors at the Annual General Meeting that management had a plan to turn things around but had been “thwarted” by fears prompted by the collapse of Silicon Valley Bank in the US.” I personally feel like this is misdirection. I personally believe that the US bond issues are stretched on several fronts and as I wrote in previous articles, how did Credit Suisse stock up on the Basel III front? What was the safety gap? It is my personally belief that there was close to none (or at least a lot too little), and now Credit Suisse will be removed and their banks will hoist the UBS logo soon enough, especially with the scandals and bad bets that were made. 

Yet that same day, the Irish times (at https://www.irishtimes.com/business/financial-services/2023/04/05/ubs-chair-says-credit-suisse-integration-will-take-up-to-four-years/) shows us ‘UBS chair says Credit Suisse integration will take up to four years’ that is for banking in these volatile times a massive risk to take and it is not taken lightly, as such I believe that people like Janet Yellen would have been on the phone with a few people. When the American bonds go, the US economy will go and I reckon they will take the Japanese and EU economy into the abyss with them. It is a personal view and I have nothing to prove it with, but the weak response from the media implies that these sources got told to play it cool or face consequences. It is a speculation, but when we take the view I had in the past on Shareholders and stake holders, I belief that I am decently correct and it is a personal view after all.

The Irish Times also gives us “Even with downside protection in the form of government support, there’s a “huge amount of risk in integrating these businesses,” Mr Kelleher, who is from Cork, said in prepared remarks for the bank’s annual general meeting on Wednesday.” The setting is that UBS is getting the bank for three billion Swiss francs. One source tells us “How much a company is worth is typically represented by its market capitalisation, or the current stock price multiplied by the number of shares outstanding. Credit Suisse Group net worth as of April 06, 2023 is $2.76B.” When we see other sources we get “Total assets CHF 531 billion and Total equity CHF 45 billion” this was last year and they have a little over 50,000 staff. I reckon that the bosses there are working on their resume and I would suggest the word ‘scandal’ is written correctly, because involvement in sandal does not go over well in the financial sector. And when you see these numbers, it is all sold for 3 billion? And we see no serious questions from any media. 

So what is left of the assets? What are the bond numbers and total value per nation of bonds acquired. There is no insight of that. Just like the meltdown of 2008 no one is to blame and the US is fixing the carper so that it can hide more dirty laundry. So how long until the people realise that their economy is largely based on an empty egg shell? 

The Irish Times also gives us “Shareholders will receive one UBS share for every 22.48 Credit Suisse shares held” this implies a mere 4.44% of value return for the shareholders, yes their value goes up butt this level of saturation is an issue and I reckon that more banks will follow at some point. Banks will become bad investment for the tax write off and the shareholders will lose out. Don’t get me wrong, I have no real sympathy for them, this is the outcome of shares and stocks. Sometimes you lose. But we need to look back to 2012. In the Netherlands we saw ‘SNS Reaal mulls bad bank for property operations’ (source: Reuters), it was their too big to fail operation and the people were not happy, it was a setting of real estate that was just beyond believe and now we get a similar setting but now it is not real estate, it is banks that are the bad investments and how many of them are holding bonds? The fact that the media never properly investigated this implies that I am a lot closer to the truth than even I am happy about. 

And the last part is giving us ““I understand that not all stakeholders of UBS and Credit Suisse are pleased with this approach,” Mr Kelleher said. “However, all parties, and in particular the Swiss authorities, considered this solution the best of all available options.” – Bloomberg” yes that sounds good, but I have a list (and that is just the Credit Suisse naughty list).

US tax fraud conspiracy, 2014, 2023
Malaysia Development Berhad scandal, 2015
Mozambique secret loans scandal, 2017
US Foreign Corrupt Practices Act violation, 2018
Climate controversy, 2018
Espionage scandal, 2019 (debatable issue)
Greensill Capital, 2021
Archegos Capital, 2021
Forex manipulations conviction, 2021
Drug money laundering scandal, 2022
Suisse secrets leak, 2022 (debatable issue, I still believe it was an NSA activity)
Russian oligarch loans documents destruction after invasion of Ukraine, 2022
Social media rumours, 2022 (debatable)

So 10 issues and 3 debatable issues, but the debatable issues do leave a mess at the front door of Credit Suisse. In all this Credit Suisse is walking around without clean hands, and the hands must always be clean. So does that warrant a CHF 550 billion downgrade? I honestly d not know and there is debate on some of these sources. I get that there will be differences in sources, but this much? This does not make sense, but it makes a lot more sense when we consider where the priority of Janet Yellen is and it is not the bank, it is the USA. Taking her away from the issues and letting it all be phrased by Bloomberg is not acceptable, not in the least. As Baby Herman states “This all smells like yesterday’s diapers

As I personally see it, this bank issue has holes like we see in Swiss Cheese. 

Have a great day!

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Bloomberg cake time

I got a nice surprise yesterday. Bloomberg handed it with the article (at https://www.bloomberg.com/news/newsletters/2022-09-11/amazon-will-spend-15-billion-on-programming-this-year), there we learn ‘Amazon is the Least Understood Company in Hollywood’. It was interesting because I do not know anything about tinseltown (Hollywood) and I put all these creators, streamers or not on one pile. It seems that there are differences and the article brings out a few sides I never considered. So when I read “Amazon has been making original series for as long as Netflix with far less to show for it. But there are signs its strategy is starting to pay off” my mind started procedure ‘Wake up’ and I took notice. You see, I created plays as stories, mini series, even a movie, but with nothing more in mind than a story. I put some of it in my blogs and that is the end of it (or so I expect) and as a storyteller. 3 series, 2 mini stories and a movie is not a bad result, especially as it is not my field, I am in technology. I am a call centre operator, a customer care person and I am happy there, even though I also miss technical support. So as we see the three things we need to be mindful “Six Gulf States told Netflix to remove videos that violate “Islamic values.”” My movie ‘How to assassinate a politician’ was specifically designed for these states. Then we get “The world’s second largest movie theater chain declared bankruptcy” yes this is sad, but it is also a sign of the times. Hollywood did not help here, they are all about creating more and too little about creating higher quality, that is definitely part of the equation and I am NOT looking at Marvel movies. Their endgame was magnificent, I still watch it at least twice a year and I might upgrade that one to a 4K edition when possible (I still do not have a 4K TV, so no rush). Then we get “Mark Bergen’s YouTube book is now for sale”, I merely wonder why that is a factor? Let’s be clear, it might be an optional work like  the Social network, you know, that movie with Mark Zuckerman’s lookalike Jesse Eisenberg. But that is optionally one movie, perhaps the book has more than I reckon, but I haven’t read it yet. So when we get to “Netflix has spent more than Amazon over the last decade, and produced a much higher volume of shows. But Amazon Studios chief Jen Salke has a $10 billion budget. If you include sports, Amazon is projected to spend $15 billion on programming this year, according to Bloomberg Intelligence. That’s comparable to what Netflix (and many others) will spend”, we see the first element I foresaw ‘produced a much higher volume of shows’, it is about more, not better. And there is the rub. Lets be clear, Netflix has created high quality work (the Sandman) no one denies this, but Hollywood produced in 2019 (pre Covid) 792 movies, that is almost 2 movies a day just to see it all, now we get that they cater to a niche and every movie house has a niche. Yet in 2000 they only produced 371 movies, that is quite the jump in less than 20 years, and as we are aware that the number of writers did not exponentially increase they either tailored to less quality or upped the pressure on writers giving that very same result, yes that is a personal view on the matter.  As we get to “Yet we know that Amazon is a very successful company that generated $470 billion in sales and $33 billion in net income last year. We also know that its advertising business is booming” we can speculate that they are doing something right, or they have additional data none of the others have. So when this is supported by “This is Amazon’s greatest strength, but also its greatest weakness. The company has seemingly unlimited resources — and no real need to win, at least not right away. While Netflix and Disney stress over whether shows attract new customers or prevent people from canceling (or churning), churn at Amazon is almost nonexistent” We optionally see a second part that is not mentioned and merely hinted at. It is not the resources, even though that helps. They can cater to THEIR population, which implies that churning is reduced to zero, and they keep focus on the projects and so far that is paying off. There is a benefit when you OWN the bank, but I reckon that they have a stage where they cater to a plan that holds 100% of their customers. Reality makes me rephrase that into ‘that holds 95% of their customers’, a stage both Netflix and to a lesser degree Disney cannot adjust for. Not unless they spend a whole lot more and that is the danger, they do not own the bank and the first insight that involves ‘Islamic values’ is actually a lot more important. Instead of creating an offspring with the focus on the gulf states, the ego of Hollywood thinks it can do it all and there is the trap that sinks 1000 titanic’s. To be honest, I would love to see the data that Amazon relies on but I reckon that only a few (at Amazon) ever get to see that whole picture. A simple lieutenant does not get the image the generals have and these generals have to make the hard calls, the tough calls and so far it seems that them at Amazon re making the right call. I personally speculate that they are playing the long game whilst the others are limited to quarterly pushes, until the next stockholders meeting. That is why in the end Amazon will overcome nearly all hurdles and most others are sunk as they were unable to see three hurdles ahead. The article holds more and Lucas Shaw did a really good job here, he showed me a few sides I never knew (why would I), and it brought information and delight all at the same time, so you should definitely read that article, it is worth your time.

Now I need to focus on fortune cookie marketeers, hopefully more in several hours.

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Blackmail as premeditation

These is a side to everything. Peace, War and everything in-between is in the eye of the beholder, in the wake of political needs some will say, but that too is a side of a mere point of view. So when I saw the Bloomberg article (at https://www.bloomberg.com/news/articles/2022-04-28/manchester-city-s-owner-helps-usher-more-russian-tycoons-to-uae) titled ‘Manchester City’s Owner Helps Usher More Russian Tycoons to UAE’ we see the side that many shy away from. It starts with “Sheikh Mansour also has a behind-the-scenes role that’s become increasingly important in recent months: Helping manage relationships with wealthy Russians looking to move money into the UAE, according to several people familiar with Abu Dhabi’s engagement with Russians, who requested anonymity as the information isn’t public.” With the added “Even as the U.S., EU and other countries have blitzed Russia with thousands of new financial restrictions, making it the world’s most-sanctioned nation, the UAE hasn’t imposed any. Officials in the Middle Eastern nation have taken the stance that Abu Dhabi respects international law but isn’t required to follow measures implemented by specific countries and that the UAE has the right to adopt its own policies, several people familiar with their thinking said.” It is supported by “That approach, though, has fuelled concern among some Western officials who are worried about holes in their own sanctions programs. Earlier this month, Deputy U.S. Treasury Secretary Wally Adeyemo voiced Washington’s worries about Russian tycoons moving assets to the UAE in a call with UAE officials, two people with knowledge of the discussions said”. You see, the setting is even more different from what we see. You see, some places cannot be touched, some ships are unattainable and other material matters cannot be touched as the owners identities are hidden from view. There are two parts in all this. 

In the first there is the matter of his highness Mansour bin Zayed Al Nahyan. He is from the UAE, he does what is best for the UAE, a Emiratian as it were (is that the right pronunciation?) The larger setting is not what he does, it is that there is no war with Russia in the UAE, more important, the blackmail grip on these oligarchs is not entirely legal. Lets look at the clear evidence. These oligarchs are Russians, they therefor embraced friendships with the ruler of that place (Vladimir Putin), this was never a crime. Then the Ukrainian issues started and the oligarchs were split in two teams (as Roman Arkadyevich Abramovich most likely would say) those who openly support Putin and those who do not. Take Roman Arkadyevich Abramovich he is also a philanthropist and the former owned of Chelsea FC (they might be the same). So are the acts against him valid? Consider what he did in the BEGINNING of the war. It casts a shadow over the acts against the oligarchs. And the demented statement by President Biden “We’re going to seize their yachts, their luxury homes, and other ill-begotten gains”, really? What laws were broken, what prosecution was not correctly made? I do not care either way, but there are laws and yes, Russia has to pay for EVERY kopek of damage that they created in Ukraine. But should the oligarchs? Perhaps those in Russia, but those abroad? Those who openly supported Putin’s war in Ukraine perhaps, the rest? I feel uncertain. 

And when we reconsider “some Western officials who are worried about holes in their own sanctions programs” we see the folly of their taxation laws, the holes are large enough to park a 500 feet yacht in. Failure after failure and the entire emotional setting does not help any, mainly because the emotional setting is not a legal one and now we see that Mansour bin Zayed Al Nahyan has a case to present to his nation. And if this works the UAE will see another wave of long term investments. Long after the US is deserted by too many players, the UAE will hold on. Is it fair? Fair does not come into it. These oligarchs are not involved in a war, they are not involved in bombing the Ukraine. That is the Russian government, the Russian army, navy and airforce. If an oligarch is part of those, then yes, he (or she) become fair game. And should the American government object, then perhaps they can pull the papers on a place called IG Farben and certain people that were given options in the US. So how come that BASF and Siemens were allowed to continue AFTER WW2? Did they not have factories in Auschwitz? As I see it, the US does not have a billionaire problem, it has a hypocrisy problem and the refusal to overhaul tax laws is pretty much a top 3 item in American economy. As I personally see it Mansour bin Zayed Al Nahyan found a way to propel his nation (as a citizen), is he to blame? I do not believe that he is. Yes, some people and a lot of Ukrainians have an issue with that and I accept that the Ukrainians are not happy, they have every right to be, but laws are laws and there is a dangerous line that the west is trying to avoid. It is a dangerous line as it leads to WW3 and these nations are either fully committed or they are not. I cannot judge here, because war is a dangerous play, a World War even more so and there could be nuclear repercussions, we need to accept that and that is the red line that a lot of nations are trying to avoid. It makes perfect sense. If there is on upside to all this (the UAE) it will be that the harbour that they hand the oligarchs is also the roof that stops them from becoming a nuclear target. It could be seen by some as premeditated blackmail. Can we blame them, or blame anyone for having that thought? The UAE must do what is best for the UAE and as I see it, that is exactly what Mansour bin Zayed Al Nahyan seems to be doing.

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Ding, ding, prices are going up

After I wrote ‘A symphony in only two parts?’ (At https://lawlordtobe.com/2022/03/16/a-symphony-in-only-two-parts/) two articles appeared (might have been more, but these two lighted up). The first one is from a place called oilprice dot com. The article (at https://oilprice.com/Energy/Energy-General/Saudi-Arabia-Considers-Ditching-The-Dollar-For-Chinese-Oil-Sales.html) gives us ‘Saudi Arabia Considers Ditching The Dollar For Chinese Oil Sales’ with the added “According to the report, the talks with China over yuan-priced oil contracts have been off and on for six years but have accelerated this year as the Saudis have grown increasingly unhappy with decades-old U.S. security commitments to defend the kingdom.” OK, that is fine, but I reckon the way Crown prince Mohammed bin Salman Al Saud has been treated by some will not have helped. Moreover if China sets the barricades of pushing forward and aiding SAMI in getting the internal growth desired these pushes might come to fruition. We are also given “China buys more than 25% of the oil that Saudi Arabia exports, and if priced in yuan, those sales would boost the standing of China’s currency, and set the Chinese currency on a path to becoming a global petroyuan reserve currency.” I feel uncertain to answer that part, but consider that there is a limit to oil, consider that China will request not the 25% they get now, but 30%, with an overcapacity of amount X, now consider that Saudi Arabia (ARAMCO) does that and therefor the US (and west) will now receive 5% minus X less. Prices will skyrocket. More importantly in the last hours we saw ‘Boris Johnson Visits U.A.E., Saudi Arabia, Seeking More Oil’ and here too we see the British PM go home without any commitments, CNN even gives us ‘Biden demands faster drop in gas prices as oil tumbles’, so where is he going to demand that from? Russia? Venezuela? UAE? Saudi Arabia? The man who was desperately outspoken about making Crown prince Mohammed bin Salman Al Saud a pariah is now telling that same person to drop prices? Man does karma suck and then some? We see the stage of painful karma in article one, but why article two? That is seen as we contemplate the title ‘Saudi Arabia’s Oil-For-Yuan Bid Won’t Threaten the Dollar’ (at https://www.bloomberg.com/opinion/articles/2022-03-16/saudi-arabia-s-oil-for-yuan-proposal-won-t-threaten-the-dollar) it is a good and decent piece, but an opinion piece none the less. There we get “Is there a situation more absurd than two of the world’s most dollar-dependent economies promising to free themselves from the exorbitant burden of the dollar?” I believe that a few gaps are there. This is no longer a ‘too big too fail’ market. The US has a debt surpassing $30,000,000,000,000 and that debt is growing by billions a day. In addition in this economy that is picking itself up fuel prices could (could being the operative word) go up by 20% before October and then winter comes. You all watched the income of dreaded winter in Game of Thrones, now you get to see it in your neighbourhood (if you are north enough to see it for yourself). So the quote “it’s inevitable that the perennial chatter about the yuan challenging the dollar’s status as the world’s reserve currency should be revived. Such talk has always been fanciful — but it’s even more unlikely right now.” The man is not incorrect, but these talks have been going on for 6 years and in that time the largest one has surpassed a point of no return point in debts, and number two and three (EU and Japan) are not that far behind, they will take extensive damage if the dollar topples. Yes, we all here that noise “It will never happen” but really? How much debt will that take and when it happens, the Kingdom of Saudi Arabia will have to do whatever is best for the Kingdom of Saudi Arabia. The writer then gives us “The yuan punches far below its weight in terms of foreign exchange transactions, and the dollar punches above its weight” which to some degree gives us that Saudi Arabia might consider it and when the oil shortages start adding up, that move of Saudi Arabia solidifying longer and stronger walls with China the stage is partially set. Life in the US and EU will become unbearably hard. Even now Japan is trying to set up new stimulus packages and we saw how great that was for the EU, trillions in added debt and no restarted economy. Ad there is a direct link in support between the US, EU and Japan. So when these support structures collapse we see a sort of house of cards impact and that affects the global economy, no matter how you want to present that picture. Consider the simple stage of California. In Los Angeles fuel costs $5.876, now consider adding 20% to that, all whilst life in Los Angeles (all over California) is as expensive as it ever was. With the shortage of drivers and deliveries that market will sure to set a few more stages. In 11 districts in California fuel prices are (presently) the highest ever, so add 20% to that? You think it is impossible? Think again. The Middle East has given NO guarantees that there will be more fuel, it basically has no interest to do that, or to lower prices and around the corner is China enjoying the commercial stage the US (EU too) pushed themselves in and they get to direct the fallout of that setting. 

Now, there needs the be a clear message. “I could be wrong” an educated guess remains a guess, yet what I found is coming from decent sources and because the writers do not want to look into the dark corner does not mean that dark corner goes away, it merely means that whatever comes from there will come less expected and hits the people squarely on the jaw. And the setting that we see now has been growing month after month for about 2-3 years. So the people in that corner WANT this to happen. Like myself they are hoping for that fat bonus and some of them have received guarantees (I did not) So the people pushing this have an interest to push this. I do not care that much unless the 3.75% bonus comes my way. At that point I would state ‘Push all you want’ because that too is the result of a commerce based world and now the inhumane setting of that becomes clear. The US never cared when they got to call the shots, but that is now no longer the case is it? So when we see a president giving CNN ‘Biden demands faster drop in gas prices as oil tumbles’, they seemingly forget that oil prices were dropping when there was still supply at a higher price and there is a decent chance that these prices will go back up before those reserves are completely gone. And when they are gone oil volatility will hit American households all over (EU too). The dream of every family it own car will be to live in a stage of perpetual work at home because the people cannot afford to go to the office and then reality comes calling double quick. So perhaps yes, I do hope I get my bonus, if only to retire with a will to live and I am not alone in that setting. There are millions like me all over the world. 

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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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