Tag Archives: Brexit

Retaining stupidity

This is the very first thought I had when I saw “Artificial intelligence commission needed to predict impact says CBI“. Within half a second my mind went into time travel mode. Back to the late 70’s where all the unions were up in arms on computers. The computers would end labour, all those jobs lost. This is not a new subject as the magazine Elsevier showed un in 2015 with “Angst voor nieuwe technologie is zo oud als de industriële revolutie zelf. Diverse commentatoren refereerden de afgelopen tijd aan de luddieten, genoemd naar een Engelse wever die eind achttiende eeuw machines zou hebben gesaboteerd omdat die banen vernietigden“. “Fear for new technology is as old as the industrial revolution itself. Several commentaries referred to the luddites, named after an English weaver who allegedly sabotaged machines at the end of the 18th century because it destroyed jobs“. There is a partial truth here, you see, it is not about the loss of jobs. It is the mere fact that some of these Business group will soon truly show to be obsolete. In this they rely on a firm whose largest achievement is (as I personally see it) to remain silent on overstated profits whilst not having to go to court, or to jail for that matter (read: PriceWaterhouse Coopers). So by engaging this party they have already lost their case as I personally see it. So when we see “Accountancy firm PwC warned in March that more than 10 million workers may be at risk of being replaced by automation“, with the offset we needed in the past (read: Tesco) the damage might merely be a few hundred people. So I do not deny that some jobs will go, yet like the automation sequence that computers brought from the 80’s onwards. That same industry would give jobs and infrastructure to thousands, livening up an industry we could not consider at that time. The same happened in the 18th century when the looms and weavers grew, the blossoming of a textile industry on a global setting. So when you see “The business lobby group said almost half of firms were planning to devote resources to AI, while one in five had already invested in the technology in the past year“, you are looking at what I would call a flim flam statement. You see, perhaps the more accurate statements might be: “The business lobby group stated that 50% of the firms are moving away from the facilitation that the business groups provides for“, so these firms are pushing in another direction, why give credence to their flawed way of thinking? You see, this is the consequence of the greed driven executives who rely on status quo, they ran out of time and they need extra time to get their upgraded pensions in play. Why should we allow for them to continue at all?

I am willing to give the TUC a small consideration because of their heritage. Yet, when we see in the Financial Times (September 11th) “Frances O’Grady, the general secretary of the Trades Union Congress, said the government was hurtling towards a “kamikaze Brexit” and should keep open the option of remaining in the single market” (at https://www.ft.com/content/c5f7afb8-9641-11e7-b83c-9588e51488a0), yet there is overwhelming presented evidence from all sides both positive and negative mind you that the single market only benefits the large corporations, the small companies are merely disadvantaged by the single market as such we must wonder where the loyalty lies of the TUC, by that notion if the TUC is there for large corporations, or to serve them first, we see another piece of evidence that shows the TUC to be redundant, and as they merely vie for the large corporations as their main priority, the fear of those companies would become the fear of the TUC and as such, they are becoming equally obsolete. The Trades Union Congress (TUC) is a national trade union centre should show clear cause with all the data, not merely the aggregated data results of a data scientist at PwC. So when I see “the CBI is urging Theresa May to launch the commission from early 2018. It said companies and trade unions should be involved and the commission should help to set out ways to increase productivity and economic growth as well looking into the impact of AI.” Who is going to pay for all that? I submit that the Trade Unions pay their own way and ask their members for the needed funds. What are the chances of that? The poisoners part is seen in ‘set out ways to increase productivity and economic growth‘. You see, AI will do that to some extent on several paths, yet it is not up to the government to figure that out or to set debilitating fences there. It is up to the business sector to figure out where that profit is. That is why they are in business! You see, as I see it, the drive to remain in some level of Status Quo was nice until it ended, these companies have driven away the people who wanted to innovate and now they are in start-ups, or in companies that embraced innovation, the older larger players are now without skills to a larger extent, without drive through misdirected use of funds and lacking ambition, so they are going to get hit in all three ways when the driver comes. 5G will be a first and when it does happen AI (it is still years away from being anything truly practical), these two paths will drive new methods of automation and data gathering. But the larger players wanted to milk their 4G base as much as possible, setting up side channels with smaller players like Orange, DODO, TPG, Tesco and giffgaff. Now that they are learning that 5G will be a larger wave then some academics presented (likely at the expense of some placement), now we see the panic wave that follows. Now we see the need for commissions to slow things down so that the milkers can catch up. In my view there are clear reasons that such paths should be allowed to exist.

That is my supported view, it has been supported by other articles and I have written about these events for close to two years now. Now that the party is over, we see players trying to change the game so that they can continue just a little longer. We allowed for these matters in 2004 and 2008, it is time for the governments to give a clear signal that change will come and stopping it should not be allowed, not until they alter the tax laws, the laws on accountability and the powers of prosecution to have a better grasp at these players, a change that must happen before we allow any level of catering to their needs.

By the way, when we consider ‘PwC placed under investigation following BT accountancy scandal‘ (at http://www.independent.co.uk/news/business/news/pwc-investigation-bt-accountancy-scandal-italian-operations-pricewaterhousecoopers-a7813726.html), as well as the Fortune.com issue (at http://fortune.com/2017/02/28/pricewaterhousecoopers-pwc-scandals-oscars/), where we see the five larger issues at PwC, which includes the previous mentioned Tesco, but now has an added Tyco, Taylor Bean & Whitaker, Bank of Tokyo – Mitsubishi and MF Global. So as I have been on the prosecuting tank, ready to roll it over the board of directors of PwC regarding Tesco, having any faith in whatever they want to report on now, unless it comes with all the data for the public at large to scrutinise, they should not get close to any commission and even less be part of the reporting. Now we can irresponsibly use 5 bad apples to identify someone who ships containers of fruit and that would be a valid response and defence. Yet overall the players asking for the commission seem to have their own needs first in all this. There would have been a consideration if there was any given that Google or the Alphabet group to be part in all this, yet that mention is missing and therefor the setting is void. Now, there are more players in the AI field, but it seems that the Google headway is the strongest, the largest and at present the fastest. And with a sense of humour I will add that you merely have to ‘Bing‘ the search ‘AI Commission‘ to see that Microsoft is in no danger of getting anywhere near an AI this upcoming decade. Perhaps the mention of ‘Australian Securities and Investments Commission – Official Site‘ on position 2 and ‘Fair Work Commission | Australia’s national workplace …‘ in position 5 to realise that their AI could be sunk in 13 keystrokes. The power of assumption will kill anything, including ones sense of humour and that same persons appetite.

Yet is there more?

Yes, there most certainly is. You see with “Investment in technology could help bolster Britain’s sputtering record on labour productivity, which is among the worst in the G7 and is failing to improve in line with expectations since the financial crisis” we see part of the fear being spread. The ‘milkers’ as I prefer to call some of them are realising that having space and capital for growth was essential to remain in the game. Some of the milkers are ending up being too visible and plenty of consumers are moving to a place where they can get a better deal. That was seen in Australia in June as ABC news gave the bad news that Telstra had to shed 1400 jobs. We see all kinds of excuses, yet the reality was that for well over 5 years they were too expensive, not by a margin, but by being up to 300% more expensive than a decent alternative. I have had personal experience whilst in a Telstra Shop because I was not an optional business account he had no time for me. Do you think that a company like that can remain in existence? Over the last 3 years, the shares dropped from $6.61 to $3.52, that is pain that a company feels and they remains ignorant and blind to the consequences. That view is enhanced even further by the statements given in the Sydney Morning Herald. With “Our approach [to 5G] is to get in earlier and try to have it modified so it’s more suitable to Australia when it arrives, rather than us have to try to modify it when it gets here,” Mr Wright told BusinessDay.“, so basically there is every chance that Australian 5G will be undercut by some level of standard that is not as given in the 5G handbook. As I personally see it is Telstra’s approach to setting a standard that is no standard at all. A ‘get in first so that we can tell others what the standard is‘, or better stated, what the standard is that you are not adhering to; 3.5G for your mobile anyone?

This Australian view translates to the UK as well. With “Despite the potential for technology to increase productivity, firms are cautious about investing owing to uncertainty over Brexit. Growth in business investment was flat in the three months to June, the latest official figures show“, so these business types are not willing to invest, they merely want the one market side to go on and in light of the delays needed, they want a commission, so that they can force government investment and delays. So they can get the best out of both worlds. The (as I personally see it) exploitative model is continued in every venue we see come and as I see it, it will be much better for us if those business models and business players go, they should go now before they become the detrimental force on UK industries. 5G will be a new beacon of industry and progress, it will open up additional venues for many telecom players and as such we are all better to get on board now and think of that one idea we had that could work for us all. It equally holds the solutions the NHS desperately needs and the fact that 3 larger players still haven’t seen that light is a larger worry than anything else. It merely shows them to be obsolete, dinosaurs in a modern age. As one person told me, the reason the T-Rex is such an angry creature is because its arms are too short to take a selfie. That does make sense, especially when you consider what some of these players think when they think 5G, they merely look at speed, whilst 5G opens up so much more than merely a quick download of a movie, in all this AI could be breaking the moulds and give us something that even I cannot envision, which is actually a really good thing. You see, the new waves will come from people that are different from me; they are the dreamers like the game designers in the early 80’s. They will show vision and give us something we never considered before. That is true progress and the people who bring us weighted predictions and tell us of fear of 20% of all jobs lost need to do what they were meant to do, die and become extinct just like the dinosaurs before them and soon thereafter I will become extinct too. That is the nature of future evolution. Just like my grandfather who could not comprehend the electronic calculator. I am clever enough to comprehend quantum computing, yet I hope I cannot comprehend what comes after, because if I can remain on board at that point we have all become technologically stagnant and we merely move backwards, that too is a personal view I have.

 

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Egotistic Uselessness

Yup, the news has been out for a little while, apart from North Korean rockets flying over Japan and breaking up in three parts, we have another issue to worry the people in Europe. There are now two additional issues. The first one is shown in the Express (at http://www.express.co.uk/news/world/846776/Brexit-news-latest-EU-Michael-Barnier-UK-security-Brussels-talks-negotiations-Theresa-May), yet there it is hidden as a statement of reference. With “Many Eurosceptic have interpreted the proposals as a call to create an EU Army” we see a reference to “The Eurocrat also backed a proposal from the European Commission to gradually combine EU national defences by 2025“, so the largest expense in most national budgets now comes with an added iteration of logistics on a European level. So, how was that EVER going to be a good idea? Is it another snipe at those following Brexit that their defence would suffer if they jump this shark (or is that these sharks)? The Independent (at http://www.independent.co.uk/voices/brexit-eu-military-planning-its-own-army-a7916371.html) gives us “the European Defence Action Plan has a goal of reversing around a decade of defence spending cuts by EU states“, so the EU is now setting a course to reverse defence spending cuts, and who is going to pay for all that? Where is THAT money coming from? Because I can tell you now that the nations are getting a hefty bill for whatever comes next, whilst we see a large increase in logistical needs, the overall efficiency of these defence ‘needs‘ will not be getting any better, they will get worse. With defence at present, they tend to be free of communication issues for the most. So, in this new setting, watching a conversation between Dutch General Middendorp, French Colonel Alexis de Roffignac and Italian Naval Admiral Valter Girardelli would become interesting to say the least. I could get rich selling popcorn at that event. It is not merely the language (we hope all three are fluent in one language and some of them will hope that the common language is not German). There is an issue with standards and setting of common ground, which has always existed to some degree between army and navy. No, the issue goes beyond soft skills, the diversity of the armed forces has hardware considerations as well, beyond the hardware (or lack thereof) we see that infrastructure is also a page never properly tackled within the armed forces in any one nation, so overhauling that will be costly on several fronts, which does not merely undo the cutbacks, it forces these defence structures to switch the ways the setting were, making the changes even more expensive. This means that we get a fake growth of economy from some providers, whilst removing provisions from exiting providers, skewing economy numbers and national costs even further, which would force nations in deeper debt. It is totally opposite of what nations should be achieving. So as we see the news from the express (at http://www.express.co.uk/news/politics/840804/Brexit-news-ex-Macron-defence-advisor-EU-army-Britain), with the first mention of “‘Now the Brits are gone’ Ex-Macron defence advisor predicts Brexit to pave way for EU ARMY“, which makes Francois Heisbourg nothing short of a raving ‘loon’ in my personal view, the next quote gives us “The EDA, which is a tiny agency headquartered in Brussels, is headed up by EU foreign affairs chief Federica Mogherini and is tasked with fostering military cooperation within the bloc. It has a minuscule budget of just £28 million, which has been frozen at that level as a result of British opposition to any expansion of its operations which could lead to the creation of a euro force“, the sheer idiocy here with ‘minuscule budget‘ is at the core. So how long until (with the removal of the UK) that number would be forced towards £28 billion? The need to rise this a thousand fold, and that is merely the overhaul of European defence logistics and initial alignment of communication hardware, software, encryption and skill sets. Oh and that gives us almost immediately the need for billions more and the alignment and shortage of skills would make these defence players the direct target of cyber criminals from the ‘playful education‘ (read teenagers), the ‘academic probing‘ (read Tech-Uni students) and ‘technological entrepreneurs‘ (read organised crime). The option of keeping data and Intel safe at that point could go straight out of the window. You see, there are a few levels of issues and I reckon the moment this starts happening is about the same time when we can download and admire the new ELF encryption system which is (are rumoured) some kind of block chain encryption method (connected to the new Barracuda submarine). It is a clever way to use SmartTags as the setting for the message; making it pretty much uncrackable as well as almost uninterceptable. Because no matter how you slice it, the present settings on defence communication makes it only interesting to try and hack all of it by some governments with the funds to afford such an approach (Russia, USA, China, UK, France and India), when these European players start uniting their solutions, the entire playground becomes a much more appealing field for a lot more players and this is not about merely the intel, when the interception starts, they would start to get access of third party players and where jobs are awarded. Other players would be aware of the decision of billion dollar jobs almost before the market had a clue and that is where speculators would gain a larger advantage, the sale of that knowledge will be rewarded with high bonuses. It is an entrepreneurial heaven for those with a lower setting to the ethical button.

The weird part is that people like Francois Heisbourg should be aware of that as he is also the chairman of the foundation council of the Geneva Centre for Security Policy. This now implies that he is very aware of the need for stability and security, two elements that would actually diminish to some degree. Keeping that up beyond a certain level would require a lot more than £28 billion. Consider the smaller European players, Poland, Czech Republic, Hungary, Estonia and Latvia. They would be required to adhere to stringent communication rules and equipment, and that is only the communication part. When we go towards supply and the need to adhere to some European standard, the reshuffle becomes truly a nightmare. So as we are ‘lulled to sleep‘ with the fact that I am (according to some sources) overreacting, we will see politicians making new speeches (read: rewriting prognosis of requirement) around 2022-2024, stating that to grow the efficiency of European defence, new changes must be introduced and that is where the list will become a lot larger than I am showing you now. I am merely showing the small places that have had their settled way of dealing with their defence. When the list becomes complete a few players will rake in the billions, billions none of the governments have and none of these governments have certain levels of skills at present. At present they have nothing (read: very little) to fear as they are just a small fish in the data world, when the national defences align they all become a target for data acquisition, far beyond they have ever been before. It will be a game changer on several levels and at present no one has the ability to counter what attacks them. You only need to look at the Sony, who again merely a week ago got hacked again. A company where digital security is their essential bread and butter, we see: “On Sunday evening, hackers claimed to have breached PSN and stolen database information. The group, named “OurMine,” was able to overtake Sony’s official PlayStation-branded Twitter accounts to announce the alleged hack“, so in how much danger will less enabled players be? The entire system of ‘open to a certain degree‘ engineering is the spinal cord of cyber dangers, it becomes a spinal tap of information and there would be a decreasing chance of stopping it, with additional chances of merely endangering its own systems, making the concept of a ‘Spinal Tap Hack‘ a lot more realistic in describing the danger it represents.

There is one upside, when it all collapses, these governments might make a deal with Alphabet to arrange for Google Cyber Security on all European nations (speculative sense of humour in action). So not only could we all have the same security, it might for once, for a short time all remain secure. Did I oversimplify the problem here?

Consider that part. What data has been secure so far and why was it secure?

Now consider what supplies have ever been safe? When we consider that in Portugal merely two months ago we see “Defence officials in Portugal say they are compiling a list of weapons and ammunition stolen from the national armoury in a brazen daytime raid“, so consider that Portugal has its own procedures, which implies to some degree that the perpetrators would have gotten some inside information, now consider that the EU nations will comply with certain procedures. How long until this stops being an isolated case and becomes a little more common place? You see, when we see “Defense Minister Azeredo Lopes described the robbery Wednesday at Tancos Air Base, 100 kilometres (60 miles) north of Lisbon, as a “very professional” job and a “serious” breach of security“, so when we consider the truth of it (and I accept it to be true), what information would these professionals have been given? There needed to have been some leak, because you usually cannot just enter an airbase and go snooping until you get lucky. The issue would escalate when certain security procedures become harder as there will be more compliance to certain standards. Of course there is still security, but as intelligence on certain matters become more ‘readily’ available, security becomes much harder and more essential, so any hole in any ‘fence’ would result in loss of goods. Now, when it is cabbages no one cares too much, yet when it becomes stingers, grenades, ammunition and weapons, will people stay indifferent?

There are the two largest issues and the fact that the ‘blasé‘ response from Francois Heisbourg with ‘Now the Brits are gone‘ is largely beyond short-sighted. A politician with Euro signs instead of pupils is the most dangerous greed driven threat to security that any nation could face. I hope that the EU-army players in this upcoming game wake up before it is too late and too much is spend on something that is as I personally see as largely counterproductive for any nations defence. That is merely my personal view and the current situation makes me regard the European Union as a collective of Egotistic Uselessness.

 

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The new Monopoly game

Do you remember playing monopoly? Did you ever play it? I grew up loving it. I am not some realtor, some real estate dreamer beyond the dream of having my own place. Most of us are like that. Just the time when I was young and the family played that game, or plying it with a couple of friends. I ended up having several versions, including the replica original with coins, in a wooden box, just a cool thing to have. So when we consider this game, as the prices of the streets were shown in those days; we knew that blue was the highest an always out of our reach. I lived in a green property for some time, so life felt good, yet today, Yellow, Red, Orange, Purple and light blue are no longer in my view of affordability, in the best case, I might be able to get one of the brown coloured properties. This is how the market changed in a mere 22 years. From an optional 80% of the map to a mere 2 out of 16, that is all that was left to me. So when I read ‘Total UK wealth tops £10tn thanks to City and property boom‘ by Larry Elliott (at https://www.theguardian.com/business/2017/aug/08/total-uk-wealth-city-property-homes-inequality-saving), I just had to laugh. I understand that he might be trying to have a sense of humour about it. Yet when we see “A booming City and rising house prices provided a double boost to Britons holding assets in 2016 as they pushed the nation’s wealth through the £10tn mark, according to a new survey“, the question becomes: ‘How much of that is NOT owned by foreign investors?‘ Is that a weird question or what? Even as we see “Since the better off held a greater proportion of these assets, 40% of the gains of rising share and bond prices went to the richest 5% of households“, is ‘households’ correct or should it read clients represented by British law and accountancy firms, representing foreign interests in the UK? With “The £3.9tn increase in the value of residential property and financial assets owned by UK residents represented a 59% rise, whereas prices rose by 39% and gross household income was up 37%“, we see again the ‘UK resident‘ part and when we take a look at the government (at http://www.ukimmigration.com/investor/uk_investor_visa.htm), we see that basically any person investing in any property (as the London bulk is well over £1 million, the threshold for foreign investors is reached), which beckons the call, when we start digging into UK residents versus UK citizens, how will this all end? Lloyds shows even more sense of humour with “Lloyds said its figure excluded non-residential property and assets held by charities and other non-profit institutions“, which clearly includes all the foreign investors and they are always in it for the profit. It is the final part that gives the new consideration “However, a continued low mortgage rate environment, combined with an ongoing shortage of properties for sale, should help continue to support house prices over the coming months“. This now gives the premise, have the current and previous governments been guilty of betraying the British people by setting the stage of ‘ongoing shortage of properties for sale‘, in this we see the historic part that former Prime minister Margaret Thatcher was the last of the prime ministers giving a rising and clear need for social housing. We see this in the 2015 article from the BBC (at http://www.bbc.com/news/uk-14380936) where the amount of social housing went up in the beginning of her ‘reign’ to the highest ever recorded surpassing 150,000 right-to-buy, it took a small dive and in 1987 it got back to around 140,000, after she was succeeded in 1990, social housing took a steep dive to below 50,000 and from there it just went down and down. At the end of the labour reign in 2010 it was at the lowest stage ever, only now is there a small increase visible in that graph. Yet in the BBC article we also see a problem, even as it compares to 1918 where owner occupied is a mere 23%, the 2012-2013 part where 65% is owner occupied is as I call it ‘misrepresented‘ at 65%, because how much of that is empty and what part is foreign invested? You see, plenty of places in London are not offered for rent, but for lease, so who is the owner in that case and where does this fit in that graph? If we add the privately rented, we see that socially rented is a mere 16% (way higher than 1918), yet as we see the Thatcher numbers, who got the people there and how were the people kept out of affordable housing by not making that available. In Australia it might be as bad as the valid people in NSW housing are on the lists for a time in excess of 6 years. So how is that a solution to solving housing issues? And let’s not forget, when the housing is set and forced to become a larger contributor to social (read affordable) housing, what then remains of this ‘£10tn UK wealth‘ housing side? The fact that both sides of the political isle have been in denial and remiss to get any of that solved and Jeremy Corbyn claims to have a solution by pushing the UK in even deeper debt, deeper by the better part of a trillion pounds. So how does that help anyone?

Now, we might accept and understand that life in London is never affordable ever again, yet the political isles must equally accept that this change could constitute an infrastructure collapse. This gets us to some old news. In August 2014 we saw (at https://www.theguardian.com/news/datablog/2014/aug/07/london-gets-24-times-as-much-infrastructure-north-east-england) the mention ‘London gets 24 times as much spent on infrastructure per resident than north-east England‘ which is a nice title, yet the dangers are shown soon thereafter. With “more than half of that total was down to the decommissioning of the Sellafield nuclear plant in Cumbria – necessary, doubtless, but hardly an infrastructure ‘improvement’ as most people would understand it” we see only part of the danger. The quote “New analysis of public infrastructure spending by IPPR North lays bare the gap between how much capital expenditure there is in the capital than the rest of England” shows another part, yet the actual issue is not what is spent, but what is required to get something done. When we paraphrase it into “analysis of public infrastructure spending by IPPR North lays bare the gap between how much is required for the same amount of work in London compared to the rest of England” we see the dangers, when the infrastructure maintenance is 2400% of the rest of the UK, there is a danger, yet is it the correct one? In February this year, we see a partial repetition of the old Guardian article, yet with updated numbers it shows (at https://www.theguardian.com/uk-news/2017/feb/20/more-than-half-uk-investment-in-transport-is-in-london-says-study) that London requires 50% of all the funds. In all this we are not given any reliable numbers, because in all this I do not see the comparison of £ per mile of rail serviced. Consider that London has 20 times the amounts of rail that most places have and he London rail when stretched can get a person from Waterloo station to Glasgow five times over (OK, slight exaggeration). Yet the message should be clear. As the infrastructure has less options with in addition less people being anywhere near it, the city of London is facing all levels of collapse. Another part was shown on July 17th in the Independent. The title ‘More than half a million social homes in England do not meet basic health and safety standards‘ is the first indication that social housing and infrastructure are beyond collapsing. With quotes like ‘almost one in seven of all social homes in England‘ are below standards, we see a dangerous escalation. So in this we see a mention of 224,000 houses where the most dangerous safety hazards (category one) is seen. It includes “exposed wiring, overloaded electricity sockets, dangerous boilers, leaking roofs, vermin infestations or inadequate security“, yes, the right and proper place to get your partner pregnant and start a family, would you not agree?

Even as we now see that the Grenfell disaster is a first step in looking into cladding, they all seem to forget that the cladding was done to appease the houses around Grenfell, in addition, the other failures and dangers are basically the non-cladding issues, so the mess is a lot bigger. when we consider the quote “Local authorities have a legal duty to act if a category one hazard is discovered, but hundreds of thousands are going unreported or ignored” we see a much clearer situation where government and city council members could be held accountable towards the transgression of ‘reckless endangerment‘ of lives, so in all this, what is the CPS doing? Has the Crown Prosecution Services made any start on taking a look at this, because these 244,000 houses would in theory represent 300,000 people working to some degree for the London Infrastructure, being it the underground, busses or other civil offices, if even 10% falls away, what happens then? How much pressure, increased costs and non-functional infrastructure remains for London at that point? It seems that the City of London has no way of dealing with such dangerous terms. As I see it, Lord Mayor Sadiq Khan has his work cut out for him. We should all agree that he did not cause this, but he can equally agree that it is on his plate at present and his success will be weighed against his ability to lower that danger and remove the hazards within his largely leased London city.

So as we look at the wealth boom, how exactly is it benefiting the UK and specifically London? As London becomes less and less affordable, as its ‘status’ as premium investment location continues, we might soon see a London that even the tourists can no longer afford. This is not a danger at present with the dropping pound against the Euro, so London is a great place to visit for Europeans. Yet the reality is that this benefit is merely short term, the dangers as the UK turns its economy around, which they will for certain, gives dangers that the dangers I predict are merely 5 years away. When that happens the tourism part will drop, not by a small part, but by a phenomenal amount (In my speculative view well over 20%), so whoever is investing now needs to get that part back in 4 years, they might be facing deadly competition for the few remaining tourists after that. The Time in 2015 talked about the tourism bubble and set it to greed, I think that it is not merely greed; in all this the infrastructure that is dangerously close to a collapse would be a much larger contributing item in all this. So as we see that the infrastructure is in a dangerous place, we need to wonder how the UK government will be addressing this. It is not like it is not a clearly visible issue. It is merely one of several critical issues that the UK faces. Yet in this, the housing part is also the contributing factor for other sides of infrastructure as well. We saw 3 weeks ago that the NHS has 86,000 posts vacant. Not only can they not be filled, even if there was a person available, the reality is that for nurses life in London has become largely unaffordable, which hits social housing as well as infrastructure, a clear visible item known for the better part of 3 years. As a conservative I would be willing to blame my political party, yet the BBC chart clearly shows that as the conservatives came back into office the social housing curve was moving back up (to the smallest degree). Now, there is part that was done by the previous labour government, but only to an even smaller degree. In this I will end with an article that the Business insider has in 2015, in it we see the minimum income per area, when we take a look is that only the cheapest place was affordable for NHS nurses, 54 miles from the hospital, anything nearer would require double the income they presently have, some places are forever out of their reach. Even whilst I know of some places in Swiss Cottage, Southwark and West Brompton, it is shy of the 86,000 places, it will not even give aid to 1%, or 860 places to live in. So, as some people are shrugging at the £10tn wealth value, or the imaginative issue that the NHS problem will solve itself. We need to realise that a few of these issues were interconnected and have been for many years. In this Labour and Conservatives are both to blame, they achieved nothing in stopping, or decently reducing the danger. So when you look at the Monopoly board consider the 22 places and which of these streets you cannot afford a place to live in. So how was this UK wealth any help in resolving the quality of life for those not in the top 5% wealth part, which amounts 98.85% of the UK population, foreign investors excluded.

Consider that side when the next rent is due, and more important, even as all the papers are shouting about rent drops, in the end, the rental price is merely increasing slower for now. With the rent being on average set to £1,500, the 12 month increase is set between £22 and £35 a month depending on your condition, so when you consider that if these people are lucky, their pay increase ended up being up to £61 a month, we see that the increase only takes care of the rent, it will not hold water to take care of the increased price of groceries or heating, so the outlook for the British tenant will be gloomy this Christmas. And before you start blaming Brexit, it would not have mattered one bit. If anyone tells you different, as I personally see it, they would be lying to you.

The people in Britain are seeing a new Monopoly board. Where you start with £800 and passing start gets you a mere £100, in addition add 15% to every street in the first 5 turns and add another 15% for the rest of the game. The final changes are 40% more due for any station and set utilities to 15 times rolled, regardless if it is one or both owned. Now we get a slightly more realistic version of the game as we live it today, so how far would you get in that version of the game? I might want to add that we would need to add 4 pubs, one for each side and treat them like the stations, yet the amount due is 10 times the rolled dice. It seems that our childhood monopoly is the one we still think we live at times, even as we never had any ambitions to own hotels, we always expected to get one house in one street sometimes in our lives; the reality is that this is no longer an expected reality. The reality is now that whomever owns and keeps a place, leaving that to the children is the only guarantee that they have any future at all in the UK, a reality that was not due to Brexit, but due to a government having other commitments, one that was to spending too much whilst not having any backup in place, it is the reality all in the UK face until well over 2040. I still believe that the conservative path to diminish the debt is the only way out and when we consider the news about the £40 billion divorce bill, that is not too weird, because at present Mario Draghi is spending 150% of that every month and getting out now seems to be a lot safer than being around when that collapses, or is that explodes into the faces of EU citizens? Most disagree with me on that, loads of them with economic degrees and that is fine. As I see it, the people all over are in denial of previous debts made and seem to imply that it is not for them to solve, so at your banks when you borrow £2500 every month to pay for things like rent, do you think that you will not have to pay any of it back? Do you think that financial institutions are that philanthropically minded? So as City AM announced on July 17thEurozone inflation fell in June, the European Commission today confirmed, easing pressure on the European Central Bank (ECB) to start tightening monetary policy at its next announcement on Thursday”, yet a week later we see “Draghi struck a dovish tone at the meeting in Frankfurt, with no firm date given to an announcement on the future of the quantitative easing programme, but investors were not convinced”, which we got on Friday July 21st. So as the spenders are all in denial on several levels, we see that their impact could be a disaster for London when that hits, I have stated in personal belief that getting out of that mess sooner would be essential for the UK. A mere week ago we saw (at https://www.bloomberg.com/news/articles/2017-08-03/big-investors-losing-faith-in-europe-s-ecb-fuelled-junk-rally). Now we see the first mention, not of QE, but the mentioning of ‘ECB-Fuelled Junk Rally’, Bloomberg is now speaking almost the same parts that I have advocated against for many months. With the quote “Deutsche Asset Management has reduced holdings of European junk bonds in its 100 billion euro ($106 billion) multi-asset portfolios and JPMorgan Asset Management says investors should brace for a tough second half. BlackRock Inc. says risks for European credit are tilted to the downside and Nataxis SA recommends dialing back high-yield debt exposure” the large players seem to accept (read: come to the conclusion) the dangers I warned for, for many months, this is a dangers that Brexit should avoid. So, as some players are trying to delay it all, so that the UK gets part of that additional 2 trillion (as I see it).

These matters are connected, you see, when those players try to escape the sewers they will seek other parts that give rise to returns on investment that avoids their downfall, this is where the Monopoly game comes in. Because the reality is that this mentioned UK wealth of £10tn could be the escape hatch they need, yet in that the dangers to the infrastructure would only increase, I might be wrong in that view, yet it is merely my view. So feel free to disagree, providing you do not cry when I am proven correct yet again.

 

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Those dodgy numbers

We knew it was going to happen, we knew that there would be some term of hardship, everyone knew this. So when the media is lashing all out whilst they know that they are misinforming the people intentionally. We have to wonder why we are not making short work of the media as a whole. So as the Independent gave us (at http://www.independent.co.uk/news/business/news/eurozone-gdp-growth-rate-uk-second-quarter-2017-eurostat-ons-eu-brexit-a7870811.html), ‘Eurostat’s ‘flash’ estimate for growth in the single currency bloc was 0.6 per cent, double the 0.3 per cent estimate for the UK from the Office for National Statistics last week‘ we have to start asking questions. You see, the numbers are correct, they are all about the correct numbers, yet the clarity that is also behind it, mainly what Forbes and a few others tell us with: “We have the results of the composite PMI for the Eurozone and this is showing that the economic growth in the region is slowing. This really is not quite what is desired, especially as we’ve still got the ECB going all out on quantitative easing” we need to wonder what the game of the Independent is. In addition there is from that same Forbes piece: “in this day and age, people tend not to order the parts to make something until they’ve committed themselves to actually making it. So, what people are ordering to make things from is a really good guide to what is going to be made in the immediate future. We then standardise the measures so that we’ve an index, anything above 50 indicates expansion, below contraction. The one really great joy of PMIs is that they are a very good guide to what is about to happen” and that part of the equation is a slowing economy. Even as we see “A falling Eurozone PMI isn’t a disaster but it’s not exactly what we want either” we see what matters, in the age of 60 billion a month QE, we see in equal measure that the economy is slowing down, so in all this, did the independent give us that, or are they in a ‘lashing mode’ on how the EU is at twice the presented strength? And the term ‘presented strength’ is actually a lot more important than you think.

You see, this is important when we consider Mehreen Khan’s article in the Financial Times (at https://www.ft.com/content/edd41c68-76a4-11e7-a3e8-60495fe6ca71). Here we see: “Separate figures from a business survey showed the Eurozone’s manufacturing sector is in the grip of a jobs boom. Factories in France are hiring at their best pace since 2000 and in Spain at a rate not seen since before the start of monetary union in 1998, according to IHS Markit’s purchasing managers’ index“, interesting that both are referring to the PMI is it not? Another article in the Financial Times is giving us ‘Spain unemployment rate has fallen to a 9 year low’, which is great for Spain, yet again, it is merely part of the issue. The fact that it is over 17% is still an issue. Even as there is a drop, it is August, the tourist season is starting to peak this month and that is good for Spain, I am happy for them, I actually am. Yet, the issue is that the drop of 26,000 claims is merely a temporary one, because as tourist season winds down in 8 weeks, these people will get back on the unemployment books, so it is merely a very short term benefit. In addition, it might be better than another time, yet when we consider that the increase started in 2007 doubling the amount in 26 months is another given missing. In addition, there is still the issue not merely of the unemployed, but the internal drain it causes to the coffers (source: Statista). So in my view any benefit Spain gets at present is merely setting the clock forward a mere quarter. Unless an actual economic improvement comes to Spain, we see mere posturing through ‘presented strength‘, not by actual growth or gaining actual strength. It takes three quarters to get a true visible growth to show and the newspapers are keeping silent on that, they hide behind ‘but that is tomorrow and this is now‘, which for the most is correct, yet as they know from various sources that there is already a visible slowdown, the presentation they give is a fake, it is presented fake optimism, some might refer to it as ‘fake news‘.

The fact that the BBC gave a similar view (at http://www.bbc.com/news/business-40774654) does not make any of them a liar, they spoke the truth with “The rate dropped to 9.1% last month, from a downwardly revised 9.2% in May” the fact that France, Spain, Italy and Greece are dealing with global tourism that brings them money, so they need staff is perfectly valid, yet here too is the missed information that is not shown. These nations depend on Tourism. In France and Italy we might see the year round tourism for Paris and Rome, but those two parts are extremes. What is not an extreme is that all three rely to a part on tourism, a valid dependency. Now we consider two sources, the first (at https://www.imtj.com/news/european-tourism-figures-show-growth-2017/), gives us “Several destinations report a rebound in arrivals from Russia -Iceland (+157%) Cyprus (+122%) and Turkey (+88%)-. Overall, outbound travel from this market is projected to improve in 2017“. Now, we need to remember that this was a June article, part of it was expected growth, which is fair enough. The second source Statista (at https://www.statista.com/statistics/186657/travel-and-tourism-scores-of-countries-from-europe-in-2011/), gives us a chart with Spain, France and Germany showing a rise beyond 5% and training Italy with 4.99%, a decent growth all perfectly valid, so when you realise that, and when you see that the impact was a dropped from 9.2% to 9.1% in unemployment rate, is that still a good thing? The rise of these three nations alone (others nations all have tourism, yet not that high), consider the tourism needs; how come that the drop for the short term was not stronger to let’s say 8.7%? That would have been a clear indication of progress, 9.1% even in the short term is not progress and that part remains undiscussed by the media, is that not strange? They have been slamming Brexit through speculations in dozens of articles, and the reality of this so called double economic growth versus the UK is not set into a complete proper context. Even as several sources show the European slowdown. The EU has 8 more weeks until summer is over, what happens then? Will we see the message of a non-anticipated slowdown, or will we see that the slowdown was larger than anticipated? When you see that part, could you decide to trust the media you rely on?

However the independent also gives us “However, the UK economy has grown faster than the Eurozone’s since the 2008 financial crisis, reflecting the single currency’s multiple crises between 2010 and 2013“, which is true yet in this, they also fail to mention that there will be some level of slowdown and the Eurozone will make some level of temporary improvement, the question is for how long this happens. I am slightly less optimistic, yet also hesitant to be too negative. When the dust settles in the Middle East, we know that the Netherlands have two massive opportunities and a few other options through the large projects in Oman and the UAE, those large projects are the kind of solutions that put the Netherlands in the engineering top of the planet. The options could propel that small nation with most of it below sea level in scale and equality to Germany which is roughly 900% the size of the Netherlands. As Germany is one of the large 4, the Dutch achievement would be close to a legendary one. And if there is a large boost to the EU economy it will not be less likely to come from Germany than it will more likely to come from the Netherlands in both 2017 and 2018. This was always a reality that the EU and Germany faced, things will turn around, yet for the short term the EU numbers would probably boost. What is important is that it would not have impacted the UK in any way other than the presented numbers of difference. In this the UK is not on par with the EU on the short side, yet as European tourism falls in autumn, the numbers will no longer look against the UK to that degree and we will suddenly see different mentions, in this some of them are already a near given, so when we see “The single currency zone has now seen 17 successive quarters of growth. The unemployment rate in the Eurozone currently stands at 9.1 per cent, down from 12 per cent in 2013, but still double the UK’s current rate of 4.5 per cent“. OK, I will accept that, yet what I miss is the part that needs to be given with the quote ‘17 successive quarters of growth‘, so how much were these quarters of growth and how did they compare to the UK? It seems that this part is equally missing. In addition there is another part missing, this related to the final quote in the article. With “Other data last week showed that, within the Eurozone, France’s GDP expanded by 0.5 per cent in the second quarter and Spain’s by 0.8 per cent” you might wonder, yet when we look at Statista (at https://www.statista.com/statistics/263008/gdp-growth-in-eu-countries-compared-to-same-quarter-previous-year/) we do not see the same part. We see the Q1 numbers where France and the UK are on the same foot, Italy trails by 0.1% and Spain is ahead by a fair bit, which is the part that impacts and matters, yet the high note comes from Ireland, Estonia, Malta and Romania, which seems like a powerful impact, yet they are together a mere fraction of the EU output, which is why France, Spain and Germany are so important, they are the lion share together with the UK. Only when we look at the last 8 quarters can we see numbers that make actual sense to some and whilst the future is not a given, the knowledge that there is a slowdown coming, there we see that the hyped EU numbers are slightly over the top in my view. So as we accept that the 2 of the large 4 would have much better numbers in tourism season, the fact that the unemployment numbers were projected down by 0.1% is still a much larger issue than most people realise. What is phenomenal is the fact that the impact on tourism is better for Greece. They reported yesterday that the number of international arrivals in the first half was up by well over 10%, which is awesome, as the Greeks should be getting loads of good news after all the garbage they went through. The two sources, the first (at http://www.tornosnews.gr/en/tornos/trends/26630-greek-minister-spectacular-tourism-figures-in-2017.html) gives us: “there is a huge increase in overnight stays and hotel occupancy, ranging from 80% to 95% in most tourist destinations, as well as record arrivals in some of them. The Minister also referred to important economic benefits from the tourism industry, particularly from non-Schengen countries“, which means that the local Greeks will get a relief from the pressure they have had for the longest of times. The small issue that temperatures are up to 41 Celsius might not be the best thing to be confronted with, yet over all they heatwave will give the sun the hours of baking that the tourists love so much, it would also increase the need for windy trips (on boats with sails) and those enjoying places like the caves of Lasithi (in this, I have personal experience that visiting Knossos is a really bad idea, but several museums in Iraklion tend to be nice and cool. another source is giving us (at http://greece.greekreporter.com/2017/08/05/a-record-3-2-million-tourist-arrivals-expected-in-august/). This gives us “Russia and the Netherlands have marked the greatest rise in seats by 25.8% / 46,000 and 18.3% / 26,000 seats, respectively. Top Greek destinations include islands of Crete, Rhodes, Zakynthos, Kerkyra, Mykonos, Santorini and Halkidiki. Tourism professionals are forecasting the same performance in September, citing a total of 2.73 million seats booked for the month after“, implying that it will be a much better year than hoped for, and good for them I say!

Yet in the back of our minds will be not just for the European zone, more precisely, what will Greece do next? In this day and age tourism is great for them, yet they still have the other three quarters to deal with and in this they might have options and opportunities, it merely becomes the view on how to address it and which model to change so that it becomes a benefit.

They are all issues people want to address, yet in this we need to realise that the dodgy numbers are not a help. They are merely the approach towards undesired thoughts and in the end presented strength is no strength, it becomes strength when it is acted upon and results in a positive outcome, this is why quantative easing is never an actual solution. It is merely an option for those who are paid and reflected on the presented result with quarter on quarter growth. The fact that there is a new multi trillion debt is not what their bonus is balanced on. That is the part that people forget. I state to you here that I can go into the USA tomorrow and get a firm with $2 billion if revenue within a week. I have access to all the materials. I merely want 1% of that revenue as a bonus. Now consider that I am selling Official US currency $20 bills for $9.99. I get the bonus because I made my revenue, yet the fact that there is a $1 billion loss is not my issue, it will be for the registered owners of the business and if I set up an LLC with my finding founders, go bankrupt after the exercise one week later, I am still entitled to my $20 million severance package. This is the reality of quantative easing. People like Mario Draghi will not call it like that (and in equal measure find my example way to simplified, which is partially true), but it is the reality that they face in Europe. So as we see the reported news on how the UK is merely 50% of the Eurozone, we need to realise that there is a blowback from the actions that they are taking and in the long run only the bankers and the top of the ECB will be smiling enjoying life in the luxury estates that they own. I feel that we will see a strong impact of what happened before on the 26th October in Oslo Thursday. On that day we will see

  • Norway Central Bank announces interest rate decision – 0800 GMT.
  • Stockholm – Swedish Central Bank announces interest rate decision. Monetary Policy Report will be published – 0730 GMT.
  • Frankfurt – ECB Governing Council meeting, followed by interest rate announcement
  • Frankfurt – ECB President Mario Draghi holds a press conference, after the interest rate meeting Monday, October 30th

The press conference comes three days later, so after the 3 day speculation there will be the press meeting with even more speculation all that as the Christmas temporary need for short term staff is announced in several global places. I will let you work out what speculation will be offered. I am not having too much faith in the upcoming actions. Merely an anticipation of a media assisted manipulated bad news through overly optimism. It is merely my speculation on the matter.

 

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Knocking on the door of death

There is a time in anyone’s life when death comes knocking. For some it is in an early stage for others when the end of a long road has been reached and a few of the latter go that way after a rewarding life, being it material or spiritual. So when we see ‘The Greek government says the country has turned a corner, but that is not the experience of people on the ground‘ it is merely another step to an early grave for a lot of them. The Greek Debt is being disconnected, it is being misrepresented by government and media, and overall the people are only losing more and more at a steady pace. When we see the quote: “The worst is clearly behind us.” Panaghiota Mourtidou pondered the words with a gravity unusual for the jovial volunteer. Even now, several days after the Greek prime minister, Alexis Tsipras, saw fit to use the phrase, she still feels somewhat bewildered” (at https://www.theguardian.com/world/2017/jul/30/greek-debt-crisis-people-cant-see-any-light-at-the-end-of-any-tunnel), the people seem to realise that they are being played. In the end Tsipras delivered on being as shallow and as deceitful as all the administrations before him. When we see the mention of the  French-trained hairdresser who had paid into a pension fund for almost 45 years, we see the initial fallout “At first it was a fairly good pension at €1,750 a month,” she recalled. “Then it was cut to €1,430 a month and now its €960 a month“, it is a 46% drain on quality of life, it is merely slightly more than Australian welfare, it implies that people get to live of $5 a day for their goods and groceries, which is utterly inhumane and I think that Panaghiota Mourtidou and Alexis Tsipras are insane to give any voice to ‘the worst is behind us‘, there is a realisation that this is merely the end of the beginning. With a debt of €325 billion, and according to one source an interest that is set to roughly €600 per second, we know that this is before the last bailout, so it gets to be a little less positive soon enough. We know the Greece didn’t have any options, they all know that this would happen, yet the injustice that there has been no prosecution of the previous administrations must hurt the people a lot too. So when she voices the fact “Hopes of spending their later years in Crete have been dashed“, I feel for her, because at some point, that was my dream too and for a lot it was a decently realistic dream. In all this we see “raise the sort of money it needs to refinance its debt,” said Kyriakos Pierrakakis, director of research at DiaNeosis. “It will almost certainly need a new financial credit line, a bailout light, and that will come with new conditions.”“, as the risk grows the refinancing of debt is so hollow, as more goes into interest it all falls away and nothing is left. Now, we can agree that Greece or a larger than smaller extent did it to themselves, they did it in either ignorance or in spite of, the reason does not matter; the outcome would remain the same. As they had the option to get out of the Euro and default on their loans there might have been an optional new start-up, now we see that there has been almost no actual support and the Greek population will need to live with the consequences of ending empty handed, generations washed away without the optional memory, it might be the first time in history that the financial institutions have taken their goods, their savings and their memories, the harshest of conditions.

In all this, Kathmiri shows another side (at http://www.ekathimerini.com/220517/article/ekathimerini/business/prices-remain-particularly-high-in-greece), the quote “Eurostat data show that Greek consumers pay more than all other European Union citizens for their telephony and postal services, with price levels standing almost 40 percent above the EU average rates, and even higher than the rates in Switzerland“, the question becomes: ‘who is pushing this?’ When we see options from Vaya, TataDocomo and Amaysim in places as outlandish as Australia (a large island with at some places miles of stretches between each house), the option from the Greek government to open the option to other players so that some of the quality of life is not lost is one part, the other is to invite players like Google, so that the Greeks have some level of ‘free’ internet is not out of the bounds of thinking. The mandate for the Greek politicians becomes less waiting for the credit houses to throw them scraps; it becomes an issue to offer the Greeks some additional levels of options that floats the quality of life to the smallest degree. It is a simpler process than merely hoping for the economy to get better and to hide behind the falsehood of ‘the worst is clearly behind us‘, a statement we all know (especially the Greeks) is not true.

All this whilst Victoria Hislop produces an article a day earlier on ‘Patra represents the extremes of Greece – sublime and mundane‘, it is her view and she shows some of the remarkable places in Greece, in that she gives her views, with images of Saint Andrew, a breathtaking place. She voices how Patra is elemental in all this as a given need when one sees Greece. It is all valid, you see, the darkness of the debt is an internal one, driving tourists forward towards Greece is clearly another part. I fell in love with Crete when I originally saw ‘Who pays the ferryman‘, in the end I went to the places where it was filmed, and many other places on the island. I saw the relaxed Elounda, the bar where some of the episodes were filmed, but that was merely the beginning, you see, Crete had so much more, Spinalonga was the true treasure of historic events, the Venetian fortifications as well as the impact that the other visitors had to the place. Greece is more than the debt it has, but has been equally reduced to the debt. Yet in all this, what have the greed driven corporations pushed towards Greece in an air of support? Did we see Vodafail giving a sweet deal to the Greeks and create a long term loyalty plan? Ah, no, because they still have a net debt of £29 billion, which was up by 31%, whilst the executive officer Vittorio Colao lives of £6 million, amounting to £500K per month. OK, to be clear, I am not having a go at him, he might have been well worth every penny. It is just that I have been confronted with the Vodafail PR for a little too long and when the times are hard, they ‘suddenly’ retrench. This is a valid step for any corporation mind you, yet, if these players are so much about one EU, and using their influence trying to thwart Brexit whenever they can. Is that suddenly small minded local thinking not an interesting non-EU mindset? When we consider (at http://www.politico.eu/article/digital-single-market-mid-term-report-card-tktkt-percent/) we see the fallout in the corporate sphere. The quote “Thirty years after the launch of the EU single market, 20 years after its first work on launching a telecoms single market and 10 years after then-Commissioner Viviane Reding launched the digital single market idea, the Juncker Commission has only got one of its 35 digital proposals signed off so far“, it is clear evidence of the utter uselessness of a single market, it is evidence on the need and greed of large corporations, the maximisation of profit. In all this, I have stated years ago that pushing some of the services to Greece could have had a positive impact, an actual sweet deal for some of the large players whilst they moved away from expensive western European places, yet none of that was done, because PR was all about the visibility in Dynamic London. So how EU is that? I am all in favour of growing London businesses, yet when you consider £3500 per square meter on average for a company spot, and Greece can get you a large building at 1000x in a one time off option (not an annual fee), how expensive is London (or Amsterdam for that matter). In all this, pushing several call-centres to Greece and Crete could have had an impressive impact on the Greek economy, yet the large players never considered that (or optionally intentionally steered away from that option), it was not sexy enough. So after 30 years we see “Presenting its half-time report card Wednesday, the Juncker Commission acknowledged things need to pick up speed. “The work is far from complete,” said the Commission’s Vice President for Digital Andrus Ansip. Estonia will put digital issues at the top of the agenda when it takes over the EU presidency in July; as its longest-serving prime minister, Ansip is well-placed to leverage that push“, which does not mean that any of it will get done, pushing the weight to the next person, that is the mere realisation that the EU with their so called one market, their 20 gravy trains and a cost of existence that has surpassed the Greek debt in tenfold is showing us that not only is the EU a redundant thing, the fact that Santa Mario ‘spends way too much‘ Draghi is even more evidence as his €60 billion a month is leaving Greece out of any easing options, an equation that should warrant a lot more questions, yet the Financial times (at https://www.ft.com/content/82c95514-707d-11e7-93ff-99f383b09ff9), is showing how apparently, the recovery is slow, but real. That might be to some degree correct, yet when we see “Debt sustainability in both Italy and Portugal is very sensitive to economic shocks“, which is true, especially with the massive debts Italy has, In that that their interest due has surpassed €2500 a second, Greece is not a consideration anywhere, Greece no longer counts. The one quote that we see and require to consider is “Five years later it is clear the head of the European Central Bank was true to his word, restoring financial confidence and ending a crisis of sovereign debt through a series of extraordinary measures to support the continent’s governments and banks“, the first is was he actually true to his word? Is there actual financial confidence or is there an environment of governmental abuse and pushing the risks of the games some play and dangers they bring onto the population of these nations as debts keep on rising, as governments have lost all abilities to keep a proper budget? When we see the local news in the Netherlands with ‘De Nederlandse bank‘, the additional mentioning on how the Brits are all getting into trouble because of Brexit, the Flemish where we see over valuated housing issues rising, in addition, the large banks in Belgium have invested well over €40 billion in fossil fuels, this is an issue and an important one when we consider “Naast de schade aan klimaat, mens en milieu, erkennen steeds meer experten ook het financiële risico van investeringen in fossiele energie. Zo wees BlackRock, ‘s werelds grootste vermogensbeheerder, op het gevaar van ‘stranded assets’: fossiele energiebronnen of -centrales die in de komende jaren meer zullen kosten dan ze opbrengen“, which paraphrased translates as “beside the climatological damage, an increasing amount of experts are pointing at the financial risks of these stranded assets, Blackrock being one of the voices state that fossil energy sources will cost more than they will bring in revenue wise“, so not only are we watching €40 billion in bad investment, the dangers are that there are long term considerations in costs as well. Now in the end, this might have been the least of the dangers for the Belgium government, yet in that light it means that certain matters can no longer be maintained in the overall image. This is a very disturbing issue. All this links back to the options for Greece, when we see European governments make bad and expensive decisions, in addition as the governments in question seem to be creative book keepers, yet when we look at the risks given to their populations, the long term damage is one that seems to be spiralling out of control and none of these governments are making their politicians criminally accountable for any of their actions, how is there any chance of a surplus within the next two generations? That is a reality that should have been enacted for the longest of times, so as we see the impact of Greece as (partially due to their own acts) we see large corporations move out, more and more exploiting individuals move in for the kill and we see Alexis Tsipras and Panaghiota Mourtidou state that ‘the worst is over‘, how delusional is that?

In Belgium the newspaper ‘Het Laatste Nieuws‘ (at http://www.hln.be/hln/nl/957/Binnenland/article/detail/3148452/2017/05/03/Belgische-staat-verkoopt-deel-aandelen-BNP-Paribas-Geen-onverstandige-zet.dhtml), gives us two parts. The first is “Belgische staat verkoopt deel aandelen BNP Paribas: “Geen onverstandige zet”“, The Belgium government is selling a stake (25% reduction) into the French group BNP Paribas. This international banking group employs over 180,000 employees in a little over 75 nations; they have assets close to €2 trillion and had a profit last year of €7 billion, so they are no small grocery on the corner of a village. This happened two days after “BNP Paribas Fortis zet parlementslid zonder uitleg op straat“, meaning that they ended the accounts with a member of parliament, this Member of Parliament has 60 days to push his accounts into another bank. Now the reasons are not linked as a given, yet when we see ‘what is the most upsetting is that neither the phone connections nor the office of the bank gives me any reason as to why this is done‘ (at https://www.demorgen.be/binnenland/bnp-paribas-fortis-zet-parlementslid-zonder-uitleg-op-straat-bc2612a0/). When we consider the other (translated quote “often it is about strict rules regarding ethics and battling fraud, e-Finance institutions are mandatory required to collect customer information and to report this. It depends on the type of customer and for politicians there are specific rules, they need to be updated more frequently“, now we can argue and speculate, yet the question becomes if there is a problem reporting within the bank, that tends to be not such a good thing and if this politician is not the wealthiest one, the juice might not be worth the squeeze, so in this age, as banks become more and more stringent into ‘adhering‘ to certain rules, it seems to me that this tends to be a first sign that the bank has certain stress issues it really prefers not to update too often. It is merely speculation from my side, yet when we consider that for the longest time, elected officials as customers were a positive impact on the PR of a bank, seeing the member of a Green party (usually the most innocent of political types) pushed away, I wonder what on earth is going on.

How these two relate?

That is not the actual question, but it is an important factor. The news (at https://www.febelfin.be/en/belgian-banks-are-doing-fine-first-sight-will-face-a-problem-profitability-near-future), gives rise to a KPMG report, which gives us “But the Belgian banks will have to take corrective measures to maintain this profitability while keeping solvability and liquidity at acceptable levels“, which in light of more frequent reporting might be an issue for these banks, as we see ‘higher costs due to increased regulation and tax burden‘, we need to realise that the banks are playing on ponds that are a lot more shallow than the people realise, even if the water looks clear and reflective as a mirror, it equally shows that beneath the surface there are optional hidden hurdles. I am not stating more options to get beached, more that the requirement to navigate a lot more to get into a forward placement; these two elements are not the same, but the return on investment is becoming a (much) larger effort. Now, as Belgium is economically in a better place than Greece is, it gives rise to the optional irresponsible dangers that Greece is willing to go to with the next selling of Bonds and with the dangers of added percentages on risk, the impediment of forward momentum is not an equal, but a more elevated risk for Greece (as they are all in one happy European Union), in the end the only thing it does is that it raises risk and debt for the mere depressing benefit of one mere interest payment to ignore, a mere 12 weeks of time. The KPMG report as mentioned earlier shows that so far the anticipated return on equity is falling to 6%, which is on par with the minimum requirements for 2017 at 8%, yet will fall another 2% over the next two years, meaning that the minimum required target will be off by 40% in 24 months, which is going to be a large impact on every bank who had set their targets accordingly. This leaves me to speculate that the banks will become a lot more creative by underplaying the dangers for now and as such, Greece will hit waters a lot rougher and more dangerous for the Greek people soon enough. Belgium is merely one example. Italy, the Netherlands and Germany will be facing similar issues. The last one (read: Deutsche Bank) with exists from Australian markets as it is transforming (read: or is that reinventing) itself. As players from the senior side are moving all over the world to other competitive players, we see that the Deutsche bank is moving in some direction. This is the explosive field we see and this is the market that Greece is trying to get into again in what I would call a far too dangerous time to play that desperate card. To me it seems irresponsible on several fronts, so the initial ‘the worst is over‘ could before the end of fiscal year 2017 become ‘we are hitting additional hard times, that could not have been foreseen and were outside of the scope of anything we could normally expect‘, when the Greek people see that statement come, I will happily remind you that this was not as unexpected and that I foresaw the dangers months before they played out, when that happens, the Greek population will need to ask themselves how they got played, how their quality of life was diminished by well over 50% and how it happened that none of the politicians involved ever got to face court and judges on any of that.

I do not pretend to know the markets or that I am some banker with the insight of ‘Nostradamus’. Merely a person applying common sense, 6 languages and the use of a spreadsheet, this is how I got there, with all of the degrees I do have, none of those are in economy. So when you see the ground fall away from you just wonder how the economists or the economic reporters did not see it coming as some of them move to other shores with their awesome savings, leaving the Greeks to fend for themselves, deprived of whatever they were supposed to have.

When death comes knocking, the type ‘A’ bankers, often viewed as impatient, ambitious and smitten with business aggressiveness, suddenly become the type ‘B’ individuals, all happily willing to step aside letting whomever are behind them take the plunge into purgatory first. This is how quaint the reality of life will end up being considered for all those who are watching it unfold from a distance (if they get to be lucky enough to watch it from a distance).

 

 

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Sanity Check

We all need a sanity check at time. There has been a need to regard what we are offered and why certain people seem to try to start to regard fear and misinformation to set people towards the need of greed of some. This is the feeling I get when I look at ‘Brexit: ‘Real risk’ UK could run out of some foods after EU exit, government warned‘ (at http://www.independent.co.uk/news/uk/politics/brexit-latest-food-supplies-shortage-warning-policy-failure-supermarkets-imports-eu-a7844751.html), it starts with the subtitle that gives us “Theresa May accused of ‘serious policy failing on an unprecedented scale’ by academics“. So what matter have they been raiding? Consider the EU nations and how things changed in the late 90’s. Now consider the foods and lives we had in for example the 60’s. We had no shortage of food, we could buy foods and outside of the UK, it was equally easy to buy a bottle of Worcester Lee & Perrins sauce. Some articles were not available (like Tripe), mainly because of the import laws already in place (and we all so loved to eat that in the first place). It was easy to get the Fortnum and Mason’s Christmas plum pudding. The entire exercise to spread fear and misinformation is actually getting to me. I am so sick on the implied creation of intentional chaos. So when you read: “A report from food policy specialists has warned the forthcoming break from Europe will lead to “chaos” unless ministers establish a clear plan on how a new food system will operate“. This reads like it will be the point that some food policy specialists will soon be without a job. Consider the need for sales and exports. Do you think that countries like the Netherlands, Belgium or even France have no export policies in play? These policies have existed for decades. So after Brexit there will be French cheeses and wines, there will be Belgium chocolates and Shrimps and there will be fresh vegetables from the Netherlands. The EU has had close to no influence; it merely seemed to digress towards red tape for the hidden unmentioned need of profitability for large corporations. There will of course be questions in some situations, yet do you think that the exporting corporations will not be ready for that? So when you read ‘without provisions in place‘, we see levels of fear mongering from people who are pushed by other people who are shy of the limelight, because we really have no need for those players fattening the invoices wherever they can, the EU gravy train is coming to a partial end and some politicians are getting nervous. All that easy income falling away, all those unwanted costs added to the prices of what people require to import. Yet the dangers of the single market are often ignored. In a single market may struggle to survive against their more efficient peers, yet how do we see places like ‘Walmart’ as an efficient peer? In that light we see that those with the approach of what should be regarded as ‘exploitative’ and being way too large, having the option to pressure their costs and buying at near 0% margin for the manufacturer has no benefit to competition, it merely makes the owners of Walmart rich fast, whilst there is no place for any number two players. That is the opposite side in all this, a side that the EU has been intentionally silent on for way too long.

The article refers to a paper which can be found (at http://www.sussex.ac.uk/spru/newsandevents/2017/publications/food-brexit), the added PDF in there gives us “Set new clear targets for UK food security (food supply, quality, health and consumption) which go beyond mere quantity of supply by addressing ecosystems and social systems resilience“, this sounds important, yet in all this my question towards Tim Lang, Erik Millstone & Terry Marsden becomes ‘When was the last time you ate an equine burger?‘, the UK was part of this so called EU food security, and as such the professors from the Universities of Cardiff, London and Sussex might have forgotten about that 2013 events, where Tesco had 27 beef burger products laced with horses and pigs.

Also consider the quote ““In the EU, UK consumers and public health have benefited from EU-wide safety standards, without which there will be a risk of the UK having less safe and nutritious products“, we could argue that with 100,000 angioplasty events per year, that issue is a non-issue at present already, ye as it is hard to get any clear EU statistics (read: could not get any reliable figures) there is no quality view to get at present. In all this, when I see certain events mentioned, it is almost like there is a hidden P&G (read: Proctor & Gamble) logo behind all this. That is a purely personal and speculative view! In addition, as I write in opposition of certain points, this is an academic paper, it gives us clear sources and we can disagree with the view of these three professors, there is the issue that their view remains a valid view.

This gets us to two parts that mention the issues that we are going towards, in my view it is a view that should have been adjusted for at least 5 years ago, Brexit might be an element, but it is not the cause and after Brexit these systems have never been adjusted, there is merely the identification that the government in general should have started to make adjustments a long time ago. The quotes “The current food policy community is fragmented and divided. There is an urgent need for a more collaborative policy platform to be created involving all the main players. If the government fails to do this, others will need to take the initiative“, as well as “Meanwhile the NHS is becoming increasingly bankrupted, not least because of the growth of an aging population suffering a dietary-health epidemic; the critical significance of the food system needs highlighting in these debates“, it is interesting that I recognised this several day ago as a hindering issue for the NHS.

 

There is one part that the paper definitely gets right (read: it actually gets a lot more right). It is seen on page 14 with “These aspirations and policy principles should be incorporated in the new food legislation, which Food Brexit will entail. An estimated 4,000+ pieces of regulation and law are EU based“, this is one side that truly matters. The question becomes: ‘Is it merely ‘new legislation‘ or comparing the EU legislation against that legislation that was in play?’ and as such decide on the path of adjusting the original legislation, or create new legislation. This is something that should have been discussed in the House of Lords at the very least. It seems that not only it has not happened; there is no indication at present that this will happen any day soon at present, which is odd to say the least, it is not like the entire Brexit issue dropped out of the sky last night.

Still, even as the paper is valid and valuable, it is my view that the Independent is too much about fear mongering. When we see “Even a “soft” departure from Europe, in which the UK will remain in the single market or customs union, could badly affect the food and farming industries, they add“, so even if the UK remains in a single market, there are still dangers? If that is so, what the bloody use is a single market?

Another issue (as I personally see it) is seen in “The report, which is based on more than 200 sources, continues: “Prices, which are already rising and likely to rise more, will become more volatile, especially harming poor consumers.”“, in the first, prices have always been rising and that is not likely to ever change. The cost of living has been under attack in the UK for the better part of a decade. If you are not a well off banker, or some hedge funds investor, it is extremely likely that your quality of life has been stagnant. It does not matter whether you are a cashier, a barrister or a doctor; your quality of life has been declining for the longest time. It is merely the amount of quality of life lost that differs between the three groups. In the second, volatility has been equally an issue for the longest time. If that was not the case, the mere need for equine burger was never an issue. The EU at large has been under ‘profit scrutiny‘, which just emphasises the need for better food security all over Europe, a factor the EU failed since decently before 2013. In all this another article requires the limelight. With “It cites recent research by the British Retail Consortium that the absence of a trade deal could push the price of imported food up by 22%“, the question becomes, what (and where) are these numbers based on? The article (at http://www.independent.co.uk/news/uk/home-news/christmas-dinner-price-rises-by-14-per-cent-a7453591.html), is as speculative as the evidence that the photographed Turkey tasted nice. We just do not know. With “In October, the British Retail Consortium warned shoppers could face higher prices if the Government failed to strike the right Brexit deal with the EU” as well as “the UK could be forced to use World Trade Organisation (WTO) rules, which could cause the price of meat to rise by as much as 27 per cent“. In these two quotes the operative word is ‘COULD‘, none can give any evidence on the amount it raises (or if it rises at all); it is from my point of view with the emphasis of ‘merely fear mongering’. In the end, none of them acknowledge that the UK is a willing market with 68 million consumers. Show me one salesperson who would willingly walk away from such a large group of consumers and I will introduce you to a liar. All the fear mongering we see, and in the end we see a collection of large corporations like Mars and Coca-Cola that will accept the impact on their margins as they are trying to avoid a total loss of bonuses for a much longer period of time.

I will add the paper at the end in this article, because whether I agree or not to some extent, it is a good and proper academic piece and even as we might consider elements in different light, the paper does show clear indications that there are issues that require addressing and there are also issues that should have started to be addressed several years ago. There is a policy failure to some extend in some way and in a much larger way in other views of focus. The academic paper is not in question; the method of fear mongering that the Independent is playing with is a much larger issue that should be taken a look at.

So as the Independent is fear mongering food issues and the Guardian tells us ‘Britain ‘will be less safe’ without access to EU crime databases – peers‘, yet because before the Schengen mess there was no Interpol or information available, we need to realise that some things will require adjustment, that was never ever in question and in all this the events are not due for 20 months. Now, we can all agree that things need doing, yet has anyone considered that some of these current systems will be obsolete before the 20 months deadline (read: some already are to some degree)? The EU has no firm handle on data automation (as per collecting), or the impact that 5G will give to the data stream, none of the systems will be ready before the change and some will not even be ready then. It was only Yesterday when I found it essential to message Ben Wallace MP that his ‘Accelerator Open Call for Innovation‘ is missing an encryption topic in the data challenge. (at https://www.gov.uk/government/publications/defence-and-security-accelerator-enduring-challenge/accelerator-enduring-challenge), in this age of Ransomware and security flaws, the entire encryption challenge will be a huge one, as more cloud data is no longer safe in either data in transit or at rest, any security assessment system would require new levels of encryption. This is not merely my view, when we look at the works otien Lenstra, a cryptology professor at the Ecole Polytechnique Fédérale de Lausanne (EPFL) in Switzerland, says the distributed computation project, conducted over 11 months, achieved the equivalent in difficulty of cracking a 700-bit RSA encryption key, so it doesn’t mean transactions are at risk and his 2007 article passed the deadline 5 years ago. Even now the larger military contractors like Thales are seeing Big-Data Encryption as one of today’s challenges, so how important would it be in let’s say 3-4 years?

So as we see food fears and so called ‘security‘ data issues, we see that some of the players haven’t even considered including the elements of encryption in some areas. The reason for that view is that encryption is not merely about adding some code, or encoding all data, it is a system of checks and balances, where recovery of corrupted data becomes increasingly important. For those not in the know (which is very valid) there was a virus decades ago called the DBase-virus, it came from the 90’s and decided to corrupt all the data in a DBase database. The clever part was that as long as the virus was there, the user did not know, the moment it was cleaned out, all the data was instantly corrupt, the virus was a cypher and decipher part. In these days of Ransomware, such systems require additional elements and they end up being part of the core, not merely an added element in the core, so when the paper gave me “data – cyber, information, big data, management and processing, sense making, visualisation, delivery, interoperability” as an element, whilst encryption was not part of it, whilst there were other topics like mobility and situational awareness (sensors and surveillance). It seemed to me that the crypto element was not just important, it will be vital and in that field a little innovation goes a very long way. Yet beyond all that, with larger computers and ever-growing large hi speed mobility, the need and application of encryption equally changes, so when we see the need for some European adjustment, we need to realise that not merely the policies are overdue plenty of revisions, in all this, Brexit or not, with the near daily events of data losses, we need to seriously contain certain dangers

So how of topic did I go?

From merely the food part quite a bit (seemingly), yet in all this, the policies and the data issues are connected. If we accept that some of these policies are all depending on the Department for Environment, Food & Rural Affairs (DEFRA), we see that the objectives, indicators of progress, the achievements and action points are also data driven (at https://www.nao.org.uk/wp-content/uploads/2016/10/Departmental-overview-2015-16-Department-Environment-Food-and-Rural-Affairs.pdf), now data will be at the centre of pretty much every part of life, yet from the paper that the three food boffins bring us (namely Lang, Millstone & Marsden), it will not merely a more dire need in reactive, there is an increasing view that the view needs to be transposed towards a proactive situation. The elements in that paper on Spending reduction (page 10) and workforce capability (page 13) imply that these two will impact the entire CAP (Common Agricultural Policy) in several ways, so to not go towards the fear mongering as the Independent implied with its 27% price rise, a proactive system that could counter or at least limit these events to a certain degree. The need has always been there, but the EU has gravy train driven red tape factory (as I personally see it) and as such too little forward momentum is seen and the UK parliament has been forever waiting for the EU to start something so they could be seen as a limited forward momentum party as well. So now is the perfect time to get something actual in place, but to rely on data that could be ‘mismanaged‘ by those trying to thwart the machine requires a much better digital transformation plan as well as a much better digital security and footprint approach, one that has clear boundaries of non-repudiation. Many of these elements either not mentioned, or ignored.

And here is the great part, I am not fear mongering, I am merely saying that things require attention and doing and there are still 20 months, yet doing something immediate is equally dangerous as 5G will impact on a global scale, so having proper preparations and having a system that is not set in stone, but one with certain levels of flexibility and options of evolution is much more important, so that we avoid having a massive invoice that requires paying it twice (or even thrice).

If there is one element of the entire Food report that I had an issue with than it must be ‘12. Keeping a close eye on our EU neighbours: it takes (at least) two to tango‘, there is nothing wrong with what is written, yet what I voiced earlier, the need to sell to the UK is partially ignored and the second partner in that tango is the provider of goods. The 5 scenarios read perfectly fine, yet they are all so based on the premise of the UK being the needy one, we forget that there are 27 nations all vying to get a leg up on the option to sell to 68 million consumers, it seems that the part is not that emphasised. In the end there needs to be a level of balance, yet I feel certain that once Poland is playing hard to get with the UK, I feel certain that Spain will jump up at the chance to get this market. It will not always be a balanced battle, but the UK has options and the newspapers at large have been overly silent on this part, which is why I am upset with the entire fear mongering thing. There was never an issue with being alert, but the papers at large have been completely negative again and again, focussing on the negative ‘could’ and ignoring the positive possibilities. In all this, I still personally believe that the largest players are all about the Status Quo as they have it and in that the one part that Nigel Farage got right, if this gives an option for the local smaller players to get an actual slice of the exploited market we might actually get some level of economy growing and in that, at the end the United Kingdom becomes an economic growth winner.

I think it is a mere sanity check that we try to get a level of alignment on the jobs that need to get going on and as such get a grip of what becomes a possibility, in that the ‘A Food Brexit: time to get real‘ report gives us a handle on what needs to be realised, but at times, although the report gives a really good view, as stated, my issue remains to some degree too much about the page 15 mention of; “UK ministers have failed to explain from where they expect the UK to import its food“, whilst in equality, the optional question “Which quality provider of foods is ready and willing to export to the UK?

In a world where export is essential to any government, is it not interesting that we do not see the latter version in the media, in a situation that amounts to pretty much the exact same premise?

A Food Brexit: time to get real

Departmental Overview 2015-16

 

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Upstairs, Basement

We have all seen the TV shows, and felt with both sides of the Victorian houses that had an upstairs and downstairs in London, places like Downton Abbey or were merely in Brideshead and we decided to revisit them. Hugh Bonneville, Michelle Dockery, Brendan Coyle, Jim Carter, Maggie Smith, Jeremy Irons, John Gielgud, Laurence Olivier, Ian Ogilvy and Anthony Andrews. Some of the biggest stars have been identified and idolised with this Victorian era view, some even in more than one of these series. We have felt for the high side and the low side, yet in all these times, there was always a feel of justice and acceptance for both sides. So why on earth the utter idiocy and non-acceptable acts of Lord Philipps, 4th Viscunt St Davids (pun with the additional missing ‘right’ and ‘honourable’ intended) Rhodri Colwyn Philipps decided to state “£5,000 for the first person to ‘accidentally’ run over this bloody troublesome first generation immigrant.” on social media is completely beyond me. I myself have been mostly outspoken in favour of Brexit, yet that does not take away the right of any Bremainer to voice their issues. Now I admit that plenty of those do not really voice it that clear, complete or correct. Yet it is still their right and of course those who fail to make the decent point will work in my Brexit favour and I was on the fence for the longest of time. It was the voice of Mark Carney in the House of Lords who got me from Brexit and moved me towards neutral on the fence. In the end the lack of insightfulness by Mario Draghi as he decided to print a trillion euro’s and wantonly spend it on no one knows what pushed me clearly back into the Brexit field. These issues all matter, because anti-Brexit campaigner Gina Miller had every right to campaign for her Bremain conviction. In all this, we might also ask a few questions regarding senior district judge Emma Arbuthnot at this point. That is based on the following in the article we see the quote “Mine includes, torturing Tony Blair, Hilary Clinton, Isis, Dave (PM) the forgettable, Murdoch … Oh and that hideous jumped up immigrant Gina Miller.“, which was the one that was found racially aggravating. Yet when we see the other responses, like “Please will someone smoke this ghastly insult to our country? Why should I pay tax to feed these monkeys? A return to Planet of the Apes is not acceptable” another vocal attack on Gina Miller. Now, the judge found that this was not menacing and acquitted Lord Phillips of the charge related to that post. So in this case let’s take a step back to the 14th of march when we see (at https://www.theguardian.com/media/2017/mar/14/face-off-mps-and-social-media-giants-online-hate-speech-facebook-twitter), where we see “Social Media companies including Twitter, Facebook and Google have come under pressure from MPs for failing to take tougher action to tackle hate speech online” so as we see people like Yvette Cooper taking cheap shots at technological complicated issues to get a few easy points before the election, it seems that in regards to Gina Miller, UK’s little Yvette seems to be either really really quiet, or the media decided just to not take notice of her. Is that not weird too? It is all a little too sanctimonious to me.

Another post from this Lord Thingamajig was “I will open the bidding. £2,000 in cash for the first person to carve Arnold Sube into pieces, piece of shit” which was seen by her honour to be ‘menacing’ but not ‘racially aggravated’. Let’s take you through the legality. In the assault side we see ‘the actus reus of assault is committed when one person causes another to apprehend or fear that force is about to be used to cause some degree of personal contact and possible injury. There must be some quality of reasonableness to the apprehension on the part of the victim‘. So this is supposedly a lord, a wealthy man and for all intent and purpose an intolerable buffoon (read: legally speaking a man who is not very nice). In support I offer R v Ireland [1997] 3 WLR 534, “The defendant made a series of silent telephone calls over three months to three different women. He was convicted under s.47 Offences against the Person Act 1861. He appealed contending that silence cannot amount to an assault and that psychiatric injury is not bodily harm“, yet in social media, empty screens have no value and the specific part “Holroyd J. to a jury that “no words or singing are equivalent to an assault”: Meade’s and Belt’s case 1 (1823) 1 Lew. C.C. 184” could also give rise that poetry and prose within social media texts could carry the same weight, allowing for less defence by the defending abuser on social media, especially if that person would try to rely on some obscure dark comedy aspect. In addition to the earlier given, as the quote included ‘£2,000 in cash for the first person‘ making it a contest (read: race to the target) and here we see again in the case R v Ireland [1997] 3 WLR 534 the issue given as ‘to fear an immediate application of force‘ now comes into play with £2,000 and with 20,000 dimes it would become anyone’s dime to relieve economic hardship, which is overwhelming to many people in the UK.

Although he has been found guilty, it seems to me that as he was acquitted from some parts. Yet these parts are part of a whole, this whole is not just his mere right of communication, it is the abusive approach he makes in all this and as such in the Mens Rea part we need to find that ‘in contact to the other and that contact was caused either intentionally or recklessly‘, well it seems to me that the published texts clearly shows the reckless part, which is evidently seen by thousands if not millions of others. Although the precise places were not given to me, a case could be made that it could have been intentional. You see, some were responses to categories. I am guessing that the ‘naughty ideas on orgasm‘ were in some ‘girly’ page or a given section on sex in for example the Guardian, as such it will be hard to prove that there was ‘intent’, yet reckless had already been established and that was enough.

In all of this there is no given defence. The options offered by the accused on the matter like “It’s not for first generation immigrants to behave the way Gina Miller did” is one I can immediately counter. She is a resident of the UK, a legal one (which has no influence), as such she has a freedom of speech, a freedom of opinion and a right to be politically aligned in any direction. As I stated, I am in opposition of her Bremain view, but it remains a valid view, whether right or wrong is in the eyes of the beholder. In her eyes I am the one with the wrong view on ‘Brexit v Bremain’. In the article (at https://www.theguardian.com/uk-news/2017/jul/11/man-jail-offering-money-run-over-gina-miller-rhodri-philipps-viscount-brexit) that started all this is also the quote “The judge added: “To some who don’t know you they would perceive the offers of bounty as menacing.”“, her honour seems to step over the issue that there were two money offering events as such there is a pattern, in the second there is the issue that in this economic day and age there is the risk that too many people would take a member of the aristocracy at their word, as such these were two oral contracts towards establishing a criminal act. The fact that I see no mention of this is actually a larger issue. In this we see a lot more at revolvy.com (not sure about the source at present regarding correctness of data). Here we see that he holds half a dozen titles, all inherited. In addition we see “Following a complaint made in November 2016, Philipps was arrested in January 2017 by Metropolitan Police officers investigating online abuse against a 51-year-old woman. In March 2017 he was charged with malicious communications with racially aggravated factors, over alleged threats against Gina Miller, the woman behind a successful legal challenge against the UK government’s intention to give notice to leave the European Union without an act of parliament“, this implies that Rhodri Philipps is an optional repeat offender, a fact that the Guardian did not make mention of.

So as I seem to have wrapped that up neat and decently tight, it seems that any upcoming article on Twitter social media and online hate speech should be thrown in the faces of any MP (literally throw that paper into their faces I mean), with the mention that unless they are a lot more consistent in their actions and silence regarding Gina Miller, they should shut the ‘eff’ up and start doing something useful for a living.

The other part that irritates me a little is the sterility of the event as the article shows. Now, from the Guardian points of view that makes sense, the reality is that this is an emotional situation and as such emotions will run high soon as such it makes sense. In addition, there is nothing wrong with the article that Julia Gregory wrote, yet the fact that I got a lot more issues, events and facts in front of me in about 5 minutes gives rise that the lack of illumination of acts that several papers show in the last 6 months regarding Rhodri Philipps, the 4th Viscount St Davids give rise to a loosely translated ‘structural problem’ with this person and the way how he communicates. Now as stated before we all have the freedom of speech and expression, which is not in question, yet this person bankrupt three times, another implied pending case as well as.

We will hear tomorrow what the man has coming, I wonder if it will be another suspended sentence like in Germany, if that is so that the House of Lords would need to take a sitting on the situation and discuss whether a Viscount should be allowed to hold his title when there is the larger consideration that it allows the person to evade jail sentences. We can all agree that any person, living upstairs or downstairs in the mansion has rights to speak and sometimes is might be grammatically correct, yet it is a lot less refined that that of a London Dockworker; these moments do occur (we all have these issues, especially during a sports match), yet as it is seen in repetition, should a person in such an elevated position of privilege not be held to higher standards? If so, should he be allowed to keep all those titles? In the end the House of Lords would rule against my request, yet it is important to hold that conversation. Merely because this is not some revamping of words and an edited view of some interview, these are the words that he submitted to social media, ready to be seen by thousands and more. In his case we get an actual first that in the consideration of upstairs, downstairs that he is the one who should reside in the basement and the staff members on the first flow, sleeping in a lovely bedroom with a nice view.

To be regarded in high esteem is one thing, to actually live up to it, quite another. In all that it seems to me that Rhodri Colwyn Philipps, 4th Viscount St Davids failed on every level possible, that might be seen as an accomplishment, yet is it the one we should allow for?

 

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