Yes, we see that at times. There is legality to nearly anything and it is not always clear how to steer the law. Even as we were given yesterday (at https://www.bbc.co.uk/news/world-us-canada-64897423) the headline ‘US six-year-old who shot teacher won’t be charged – prosecutor’ there are no real questions on that setting. A 6 year old is too young to understand the law (Doli Incapax), as such he cannot be prosecuted. Yet when we look back at ‘United States of Criminality’ (at https://lawlordtobe.com/2023/01/09/united-states-of-criminality/) now over two months ago. I gave the reader “more important nothing on the parents. Is anyone waking up? Then there is CBS who used the line “a handgun was used”, was that all? There are over 170,000,000 of handguns in the US (according to one source) there are thousands of brands. I think that the police from day one could have done better than “a handgun was used” and the media never followed up on it, at least not from the dozen or so sources I saw. So why not? What makes this case different? Who are the parents? I let you simmer on this” and even more on the story before that, a day before that I gave the readers “He also would not comment on how the boy got access to the gun or who owns the weapon” that was more than two months ago. Now we see “authorities in the city of Newport News have yet to decide if any adult will face criminal charges in the case” with the added “once we analyse all the facts, we will charge any person or persons that we believe we can prove beyond a reasonable doubt committed a crime” It took me less than 5 minutes to get to there in January and two months later the locals did not even wake up yet. So any weapon BS approach is now non existent in the US. Two months and nothing was done, so don’t come to me on anti gun laws, on anti violent crimes. A setting that was clear where the parents had clear responsibility to keep guns out of the hands of children these parents failed miserably. I would speculate that this stinks of nepotism. The Law, the media they all failed here and there is enough printed evidence to make that case of failure. There is enough evidence to wonder what on earth the police forces in Virginia is doing, so far they did close to nothing. The school failed, the police failed, the law failed. As I see it that teacher is due a 7 figure payout and the first number will be well higher than a ‘1’. As I see it the media is merely milking these situations, if not the entire Virginia case would have been on the forefront of EVERY news cycle for weeks to come and perhaps something would have been done, but it isn’t. So if you want to get angry about gun laws, do something about these failures, because they are clear failures on multiple levels no less.
Tag Archives: CBS
The legality of it
On the subject of failure
Yes, it is a subject that we all face and no one (including me) is happy about it. We all face it in one form or another. I saw an event that could play out later this year, somewhere optionally between July and September and I was not happy on how I showed myself. How I responded, no matter how honest I was, at that moment, I saw something I never felt happy about, but no matter how valid the response was, it does not mean that I am happy that I responded in that way. It was not about finding another way to say it, it merely went on about something that does not matter now. It applies to some degree to what this is about, because it made me check news sources and in this I decided on the article (at https://www.cbsnews.com/news/cia-director-bill-burns-china-russia-lethal-aid/). The CBS News article gives us ‘CIA confirms possibility of Chinese lethal aid to Russia’ and when I read it, I saw something different, it was not related to the earlier part, but it changed the way I looked at that news. We are given “In an exclusive interview with CBS News, CIA Director Bill Burns confirmed the possibility that China may send lethal aid to Russia in its war against Ukraine. “We’re confident that the Chinese leadership is considering the provision of lethal equipment,” Burns told “Face the Nation” moderator Margaret Brennan on Friday.” We are also given “I think the Chinese are also trying to weigh the consequences of, you know, what the concerns we’ve expressed are, you know, about providing lethal equipment”, this comes from CIA Director William Burn and that is fine. I am not debating that part, but when you consider what is behind it, it is a different stage. You see Russia is close the broke on a few levels and the only way that Russia can pay for this (as China would prefer it) is via massively reduced oil. Oil China needs and Russia cannot sell it to their former largest buyers. Yet behind all this is more. The logistics of the Russian armed forces are a mess. Their soldiers are ineffective, their hardware is failing on many levels and their supply systems are (from my point of view) broken in many ways. Russia has a problem. It needs drones, it needs missiles and it needs hardware that soldiers can use, Russia is falling short on several fronts and it is losing against the 21st largest army in the world. We all have seen Ukrainian achievement reports in several languages on several sources and they seemingly align. Russia could mobilise its armies, but the hardware issues remain and that could push the Russian armed forces in a direction it does not want to go, not in this stage. To give some slight reference. Russia lost more people in this war in one year than the UK and France combined lost in WW2 over the entirety of the war. In one year lost more soldiers than the UK and France lost over the entire world war, they are doing THAT bad. So now they need upgrades in hardware and that is what Russia is seemingly angling for. But I reckon that China is only considering a limited list and the payments are due in oil and upfront. Which would give them millions of barrels in extra oil, oil they need and I reckon they will get it for an apple and an egg.
But when you think this through we could optionally deduce a lot more. You see that oil can then not be used to heat Russian houses, fuel power and fuel mobility. In addition it would be a first direct proof that the Russian Army has no place to go, or at least not operational. If it was merely missiles the issue would be small (except for the Ukraine), I am speculating that it is about a lot more, even if we accept that Russia is sending troops with 40 year old ammunition.
The fact that they cannot do this with a renewed offensive is up on the wall and now we see how deployment and supply lines are on the front issues. If they cannot get supplies they will need to acquire them and China is nearly the only option and that is merely the beginning of the issue. Thee news has shown enough issues with soldiers personal gear and debatable mobile hardware (tanks and other things requiring wheels). This is not the stage of some new tanks, this is about the refurbished T-72 tanks that are almost 50 years old, implying that whatever anti tank comes their way will slice through their armour like a hot knife through butter and that is if the refurbishments were properly done, which in light of several issues is now a matter for debate. If Russia stages this war with its regular armies (if they can find them) Those armies will be ill equipped and ill prepared. A lesson France learned in 1812 the hard way and now Russia gets to learn that very same lesson. But is it all true? I am speculating, but I believe that I am in a stage of presumption because I do know how in parts this field is set. And the lesson is not over, not for the Russians and not for me either. Because there are many debates on what was real, I need to wonder how reliable the information I have is. I believe that I made enough sidesteps to alternate sources of information so that I believe that I am on the right track, but that too is not properly vetted information, so there could be gaps. Yet overall the news is still valid. If Russia needs China it means that they were never ready for any real combat and they were never prepared with the hardware they had, or they wouldn’t need China’s hardware. It could be a Russian ploy, but I do not think so, if that was the case the CIA would have come with a very different presentation, of that I am very certain.
United States of Criminality
That is a strong expression, but it is a valid one. This all started for me when I took a first look at the Richneck Elementary School shooting. Now there are two stages. The first is the legal setting of Doli Incapax. A six year old cannot decently be prosecuted for this and I accept this. I get it, there is an issue. But there is a larger issue with the media and the news and I am looking at the Washington Post in this case. They have blatantly made claims against Saudi Arabia, they made blatant claims against many and they have at times lost the plot. Like losing that columnist no one cared about. In this case a mere 7 hours ago, they give us dribble, loaded useless dribble on this case. I started this 2 days ago when I wrote ‘Little shits’ (at https://lawlordtobe.com/2023/01/08/little-shits/) the Washington Post, NY Times and a few others have had 2 days and no one asks the questions that matter. The parents should have been arrested for questioning. I get that they in the end cannot be arrested for the crimes, but they are clearly covered in responsibility here. Where did the gun come from? There is no arrest, no intelligence on whether the parents had any firearms, perhaps even THAT firearm. Why not? It would have been the first thing I did. And the parents can suffer the experience, THEIR CHILD shot a woman with a gun at the age of six.
The police might not have been forthcoming in the first hour, but it has been two days. They should have something by now, even if it is to state that no evidence came forward from inspecting the lifeline of the gun. This was a clear hatchet job from the first hour I looked into this. The missing settings and the non-available facts made this from my point of view a simple case of orchestration.
You can disagree and that is OK, but see for yourself. How much facts have the media exposed to you? They are all about emotion, about flammable events. It is what I personally call ‘whoring for digital dollars’ am I wrong? Even the Washington Post has nothing to offer.
And when we see the closure of the school, which makes sense, and how stable the teacher is, which is good. Nothing on the child and more important nothing on the parents. Is anyone waking up? Then there is CBS who used the line “a handgun was used”, was that all? There are over 170,000,000 of handguns in the US (according to one source) there are thousands of brands. I think that the police from day one could have done better than “a handgun was used” and the media never followed up on it, at least not from the dozen or so sources I saw. So why not? What makes this case different? Who are the parents? I let you simmer on this.
To the other side we go
The next day was one of highs and lows. The high was breakfast which was pretty much the best one I have had in several days and I was considering having a second one. I decided on another coffee and merely pondered the events of yesterday. The trip was not a concern, the new job awaiting me was not a concern either, but a nice change of steps. What was a concern was whatever was in California. I was aware of Perses, but only in a limiting way. He was with Asteria the parents of Hecate, but that was about all I knew. Hesiod had written something, but I had forgotten it, I needed to reread those works, or ask someone I knew. But that did not seem like a good idea at present. I went back to Iraklion airport and flew to Paris, it was the earliest flight I could get. De Gaulle to LAX was simple enough and I only had to wait 4 hours. The nice part was that I had a first class ticket, which meant that the lounges were open to me.
As expected, these French were proud of their culinary achievements, and Air France was willing to share that experience. If breakfast in Crete was great, the snacks and drinks in De Gaulle were nothing short of amazing. The 4 hours and being armed with a few magazines went rather fast. There was an announcement and I walked to the gate to get on the plane. Getting there and on board was easy enough. The smiling flight attendant was a nice bonus and as I went into first class, the idea of sinking into my seat and getting some more sleep was a rather nice idea. I was certain that I wouldn’t be getting any in California.
The arrival t LAX was interesting. It was my first time and as I was about to seek a taxi when I noticed a man with an EIB plate. I walked up to the man, he was holding an iPhone and looking like he was comparing it. He showed the image, a picture 3-4 years old. I nodded. His hand gestured to follow him. He walked in a stern stride, not too fast, not too slow. We walked out and towards a large dark Lincoln. He opened the back door for me, I got in. He pointed to the left side “Ouzo and raki”, he pointed to the right of the door “Ice water and orange juice”. He slowly and cautiously closed the door. I grabbed a glass of ice water. The car drove off into the late morning, towards wherever I was going to go.
It was almost 2 hours later when we stopped at a gate, the gate opened and we entered the driveway. The house was amazing, like nothing I had ever seen before. There was a man waiting at the door. “Good morning Sir, I am the Major Domo. I hope you will keep me on?” I nodded. “Very well sir.” He went on explaining the house and showing the spaces. The office took me by surprise, very spartan, just the way I like it. There was some art on the walls, not really my kind of stuff, but still decent. The nude n the master bedroom however was exquisite. It was an oil painting of a girl standing in front of a window. Her transparent gown down to her hip and her back was turned to the observer. It made me stare at the sea she was staring at through a white window. It was lovely. I could not decipher the autograph. I wonder if the previous owner ever knew the woman.
I walked back into the living room and into the kitchen. I checked the fridge. “More fruit-juices and ice water please” Patrick the major domo nodded. I looked at the rest, it as all predictable and it was all I had seen before. “I am resting in the office” “Very well Sir” I walked away. There were things to consider. The fires were on the news, but they were all over the place. More than 30,000 fires over millions of acres. It would take time to figure out where to go next, but there was time for that, the TV in the office was big and very sharp. I watched CBS2 and KCAL9 most of the time, they gave me more of the fire information. I had to look into the fire brigade. To find one place in over 30,000 was going to take some time and a lot of effort. But that was for later. I had to learn a lot more on Perses and more important, how he was fuelling the fires in the first place.
What’s the name, what’s the game?
I saw the news a few days ago, and for the most it does not matter to me, but there is an awful lot of hypocrisy going around and the media is (as I personally see it) as tainted as anything else. The stage is set to Elon Musk, or better stated is set against Elon Musk. Why? Don’t really know the man, but he seems the modern day Midas. Whatever he touches turns to gold. He made an upheaval in the battery market, the mobile market, the energy market. The man is (allegedly) an inventor like me, or he can see proper innovation just like Steve Jobs. How is this a bad thing? Consider the news that he was getting involved in social media. Why not? I do not know if it is a bad idea. But he has the dough to become part of it. Yet the Sydney Morning Herald gives us ‘Elon Musk launches $58 billion hostile takeover of Twitter’ (at https://www.smh.com.au/business/companies/elon-musk-launches-hostile-takeover-of-twitter-20220414-p5admv.html) as such lets take a look at what constitutes a hostile takeover? The definition gives us “A hostile takeover occurs when an acquiring company attempts to take over a target company against the wishes of the target company’s management. An acquiring company can achieve a hostile takeover by going directly to the target company’s shareholders or fighting to replace its management” is this true? CBS gives us ‘Elon Musk offers to buy Twitter for $43 billion’, so who is giving us the truth and who is giving a stakeholder a blow job? You think this is rude? You ain’t seen nothing yet. We can argue until the sun goes down, but the setting of finance is clear. If a company is worth it, or could become worth it, you buy it. This has been the case in many occasions. Yet no one is saying that about Microsoft and Blizzard. There we get ‘Activision Blizzard/Microsoft Deal Discouraged by Letter Penned by SOC Investment Group’, how quaint.
So it was today when I saw (at https://www.reuters.com/technology/twitter-adopts-poison-pill-fight-musk-2022-04-15/) ‘Twitter adopts ‘poison pill’ as challenger to Musk emerges’, it is the Guardian version where we see “The method, known as a “poison pill” in the finance world, suggests Twitter will fight Musk to prevent a hostile takeover. It would go into effect if a shareholder were to acquire more than 15% of the company in a deal not approved by the board and expires 14 April 2023.”You see my issue is with the ‘hostile takeover’ part. The guardian gives us those goods with “Jack Dorsey, Twitter founder and former CEO, noted in a tweet on Friday that such surprise purchases are always a risk for the company. “As a public company, Twitter has always been ‘for sale’,” he said. “That’s the real issue.” Musk is already facing legal action for his Twitter purchases, with one investor suing the Tesla executive in a potential class action lawsuit for failing to disclose his buy-up of shares before the required deadline to do so. The lawsuit comes as Musk faces a number of investigations by the Securities and Exchange Commission for his investment activities, including insider trading allegations related to his own tweets.” So we see ‘insider trading’, we see ‘hostile takeover’ but we are given no real evidence of either. Merely the word ‘allegations’ that everyone is overlooking.
The stage becomes even weirder as we consider the actions that Microsoft unleashed on the gaming industry and it is casually trivialised by too many media outlets.
In all this the statement “he wanted to release its “extraordinary potential” to support free speech and democracy across the world.” Is trivialised by “Twitter’s board on Friday unanimously approved a plan that would allow existing shareholders to buy stocks at a substantial discount in order to dilute the holdings of new investors”, there is no real setting of who these board members are, the media seemingly forgot about that part. These members that include Bret Taylor (SalesForce), Parag Agrawal (CEO Twitter), Mimi Alemayehou (Mastercard), Egon Durban (Silver Lake), Martha Lane Fox (House of Lords), Dr. Fei-Fei Li (Stanford), Patrick Pichette (Google), David Rosenblatt and Robert Zoellick (AllianceBernstein Holding L.P.) there was a unanimous objection to the purchase by Elon Musk and no media outlet had anything from these members with the simple question ‘Why oppose?’. There might be a very valid reason, but I and all others were not informed, so what gives?
We can speculate on why it was done. Elon Musk sees that the US is going after the billionaires. As such he might be buying anything he can to drop the tax rift, and lets face it, he has been turning things to gold and Twitter is a golden idea. So whilst we see all kinds of objections on how analysts see (and say) things like “KeyBanc Capital analyst Justin Patterson downgraded the social media company in the wake of Elon Musk’s buyout proposal. Patterson cut his rating to sector weight, after being at overweight since January 2021, saying that the potential for the Musk bid to “go up in smoke” will turn investor focus on a more challenging macro environment that elevates downside risk to financial estimates.” I personally honestly do not know what will happen, but when a person buys a company, a person that has transformed several companies into powerhouses, I wonder what really is going on. It could be simple, it could be complex, yet the larger station is that people laughed at Tesla and now we see “As of April 2022 Tesla has a market cap of $1.018 Trillion. This makes Tesla the world’s 6th most valuable company by market cap according to our data.” So as I see it, the joke is on them. What was an idea is now 6th on the most valuable companies on the market and that is behind Apple, Microsoft, Aramco, Alphabet, and Amazon and as I gave voice to Microsoft, there is every chance that it will head of Microsoft in the next 3 years. And that is whilst no one has a clue where Meta will end, because they will become part of the top 7 soon enough (2024), and that too is out into the market. So I have questions and the media is not asking the board members of Twitter, or Elon Musk a clear set of questions. And all that before someone decides to ask KeyBanc Capital a few uncomfortable questions. So what is in the name Twitter, what is in the name Elon Musk and what is in the shares game being played now. No matter what is happening, I feel certain that the media will not properly inform us, that mush seems a personal given. Yet in all this we see the approximation of “to support free speech and democracy across the world”, it seems to me that Elon Musk is giving us options, options in mobile technology and energy technology. Who else has been giving us that? I see questions and no one asking them, it is weird, is it not?
The first light
Yes, there is a first light, a support to my views, which was inevitable, yet I believed that it would take some time to become visible. Yet Al Jazeera (at https://aje.io/fuzpwd) gives us ‘‘Double standards’: Western coverage of Ukraine war criticised’. Here we see “the speed of such an international response – which includes the exclusion of Russia from some cultural events and treatment of it as a pariah in sports – has raised eyebrows at the lack of such a reaction to other conflicts across the world.” Now, this is nothing new. The lack of reporting on Houthi attacks on Saudi civilian targets is astounding. Yet we are also given “CBS News senior correspondent in Kyiv Charlie D’Agata said on Friday: “This isn’t a place, with all due respect, like Iraq or Afghanistan that has seen conflict raging for decades. This is a relatively civilised, relatively European – I have to choose those words carefully, too – city where you wouldn’t expect that, or hope that it’s going to happen.”” This is the part I have been waiting for for some time. A speaker like D’Agata making the mistake of speaking out before his ‘stakeholder’ was able to correct him. It leads to “His comments were met with derision and anger on social media, with many pointing out how his statements contributed to the further dehumanisation of non-white, non-European people suffering under a conflict within mainstream media.” As I personally see it, certain key people have basically painted themselves in a corner and this is not one media, one place or one nation, this setting of filtered information bringers is very global and it includes a lot of players, yet no one is policing the media are they? Justice Leveson tried to hold people to account, but the British media bitches cried and stated that they could police themselves. So when you investigate the media and those who shied away from mentioning certain events and ignore others, especially issues like bombing civilian targets in Saudi Arabia and they were eager to show tea grannies holding a CAAT sign, what does that tell you? And now we see people like D’Agata fumbling the ball. So as I personally see it with “This isn’t a place, with all due respect, like Iraq”, it was news, was it not? What do reporters do? What do newspapers do? That is the larger problem, when I see people, citizens giving us more relevant news (you know who you are troll-hunter), more collected news than the larger news agencies, it becomes well beyond embarrassing so as such the words by D’Agata are more then red cloths on a bull, they are the stage where we are given a setting of filtered information and that needs to stop. As the news is all about circulation and revenue, digital revenue we see a media that is trusted even less than a mere gossip bringer on Facebook. Did the media not figure this out? Perhaps they do not care because the connected stakeholder does not care. Perhaps it is my personal speculated view, but the Al Jazeera article gives a view that I am more likely correct than not. And the words by D’Agata merely reinforces it. I reckon that CBS has some cleaning to do.
Two unrelated issues
OK, today is not the day to piss off Alexander Bortnikov, I wanted to do that just to celebrate his 11th anniversary of him being the Director of the FSB, as such my sense of humour demands that I would put a whoopi cushion on his car seat, alas, I could not get close, someone decided to try a novel approach to the concept of Suicide by Cop (at https://www.theguardian.com/world/2019/dec/19/moscow-shooting-russia-people-shot-dead-intelligence-agency), instead of pushing the buttons of a militia officer, we see the apparant acts of a looney tunes person who decided to fire on the reception of Federal Security Service, that is an act that will get you killed and he did. Now, let’s be clear, there is a reason to bring this up. You see there is one building in Moscow (basically in the entire CCCP), where the most vile, the most feared and the most despicable member of any Russian criminal organisation takes a detour, it is the Lubyanka building, the headquarters of the FSB in Moscow. Consider some Bratva captain, 120 Kg of muscles, fearless and life ignoring person ends up shaking and like a little girl that is crying, the cause would be one building in Russia that does that. So when a person comes around shooting at its reception, I tend to call that a novel way to invite Suicide by Cop and I cannot fathom the desperation from life that a person has to pull that off (there are 999 other ways to go with 99.99999% certainty and most of them are 100% less painful and scary), optionaly as distractions go, it is perhaps the worst one yet.
Oh, and there is not some special required form of data intelligence required, we could argue that the fear for that building is handed to any Russian citizen when they start school, so for the life of me I can not figure out why someone would be this stupid, it is like grabbing a bucket of water from the Volga in Saratov and personally dumping the bucket in he Caspian Sea, not only meaningless, but you end up being alive at the end of that journey, attacking the FSB building with anything less than an entire army and your chances to survive become a whole lot less certain. Yet in all that, the fact that the attack made several newsgroups is important, you see, the news never sleeps, yet they do get to filter what we hear.
From the Israeli news desk
The Guardian (at https://www.theguardian.com/world/2019/dec/19/israeli-spyware-allegedly-used-to-target-pakistani-officials-phones) (as well as Israeli Newspapers, give us ‘Israeli spyware allegedly used to target Pakistani officials’ phones‘, with the byline ‘NSO Group malware may have been used to access WhatsApp messages for ‘state-on-state’ espionage’, news that made a lot less newspapers on a global scale, is that not weird? Now, I am not stating whether there is validity, I am not stating on behalf of the NSO Group that it is false, yet this private firm founded by Niv Carmi, Omri Lavie and Shalev Hulio is showing to be an expert company in acquiring information. The papers need to guard their words and I get that, yet when we see anonymous sources and “those who could have been compromised” I feel like I am in a play that I have seen before. The more important part is “All the suspected intrusions exploited a vulnerability in WhatsApp software that potentially allowed the users of the malware to access messages and data on the targets’ phones“, yet it seems that there is not really that much taste for the weakness of the makers, is there?
When get the optional state where we see “The lawsuit claimed intended targets included “attorneys, journalists, human rights activists, political dissidents, diplomats, and other senior foreign government officials”” and in that state I would make the demand ‘can we see those names please?‘ Yet it is a personal demand that will not be answered, there is too much doubt on the who did what and who wanted to know. I have a little more faith in “NSO has said it will vigorously contest the claim and has insisted that its technology is only used by law enforcement agencies around the world to snare criminals, terrorists and paedophiles“, you see that is a business approach to intelligence that brings money on the table and Yes, there is a chance that someone wanted to know more about certain Pakistani, yet that list given by Facebook is just a little too weird, yet the names might brighten up the need for it, and as we are treated to “The alleged targeting of Pakistani officials gives a first insight into how NSO’s signature “Pegasus” spyware could have been used for “state-on-state” espionage“, it is the difference of stance, the state of ‘alleged‘ that brings the doubt. In the article I do not disagree with “This kind of spyware is marketed as designed for criminal investigations. But the open secret is that it also winds up being used for political surveillance and government-on-government spying” for that we need to say that John Scott-Railton is seemingly completely correct, yet in all this, we see and identify a timeline and it becomes more and more apparent that not only did other interest groups (CIA, FBI, MI-5, MI-6, DGSE, et al) need this weakness, we see a longer timeline and we wonder what WhatsApp and Facebook have done about it so far. More important, why would any official use something like WhatsApp? I mean for private use, yes, yet for their business phone? It is the application of Common Cyber Sense that is lacking here and to give all that data to Facebook (WhatsApp) is calling some parts into question. CBS News gave the people in 2018 ‘WhatsApp co-founder: “I sold my users’ privacy” to Facebook‘, I get it! Cambridge Analytica changed a lot, but so it would have changed a lot for state players, as such the act of pushing for WhatsApp in government and secure conversations, it does not make sense. CBS also gave us in 2018 “U.S. intelligence agencies have said that Russian actors used Facebook and Instagram to wage a campaign of disinformation in the election” and if WhatsApp and Facebook are owned by the same person we see the even larger lack of Common Cyber Sense. WhatsApp has been the name in Scandals in 2017 and 2018 as well, so when the needed question ‘Why is a state player using WhatsApp in the age of Common Cyber Sense?‘ comes out, we see that the bulk of people, hacktivists and journalists have not asked this question, just like the weird part where we all look at the attack on Lubyanka, and no one looks beyond a certain point.
This view does not exonorte the NSO group, yet it is asking larger questions that take the group out of the field of vision and looks at the larger issues. More important the claim “While it is not clear who wanted to target Pakistani government officials, the details are likely to fuel speculation that India could have been using NSO technology for domestic and international surveillance“, you see pointing at their natural enemy is fun, however the fact that most European intelligence groups want to know about scores of Pakistani is also left off the table, in light of Pakistan and its Middle East connections, so are Israel and America, especially as America is losing foothold in the Middle East, finding any Russsian link to any Pakistani would be worth a lot to them, they lack all plenty of resources there.
You see, there is all the need for action when we see “The government of the Indian prime minister, Narendra Modi, is facing questions from human rights activists about whether it has bought NSO technology after it emerged that 121 WhatsApp users in India were allegedly targeted earlier this year” however everyone is overlooking ‘121‘ as a number. There are 400 million WhatsApp users in India, nobody would get to the 121 users in such a short time, the absence of ‘alleged‘ and optionally ‘so far 121 alleged users have been found‘ is a much larger issue that anyone realises. The fact that there are more questions popping up regarding the alleged NSO software is also overlooked. There is a much larger play in the field and it seems that certain people do not look towards certain players and the absence of Common Cyber Sense is just overwhelmingly staggering. It is almost like you are tired of life and decide to attack FSB headquarters with a gun.
Yet in all this, the amount of users in Pakistan is also the part we need to look at, you cannot merely check in seconds, this is a not an on the fly solution, so there are all kinds of questions, especially with 1.5 billion users of that app, we see a lack of thoughts, questions and especially software engineers treating the software weakness and this has been going on for quite some time. the fact that the larger collection of media is not getting to this question is just allegedly largely insane.
So as we consider “users in India were allegedly targeted earlier this year” we need to ask, how long until this glitch is fixed? The fact that certain glitches have been there since 2017 is a much larger concern, but the media does not stop at this point, does it? I reckon they are taking their time looking at the one suicidal person pointlessly attacking Lubyanka.
Two issues that might seem unrelated (and they are not), yet it tells a lot more about the media and state players than you should be comfortable with, feel free to WhatsApp that question to others, the state players will get to it eventually.
Smite the analysts
It is time to change the game. It is time to do a lot more than merely claiming to do something about fake news. I never claimed to bring the news, I have merely been in the process of nitpicking it as much as possible and the Guardian got my feathers plenty ruffled this morning, so it is time for me to be a little speculative of the matter.
We love our idiot products at time; it is something to laugh at or something to make a joke about; for the most harmless fun. Yet today something snapped. It might have been the abuse that Theresa May has been receiving, it might have been watching some poor sod holding a ‘We’re poorer without EU‘ sign, whilst like me that person is unlikely to have any economic degrees.
So when I see: ‘Theresa May’s Brexit deal could cost UK £100bn over a decade‘ by Richard Partington (at https://www.theguardian.com/politics/2018/nov/26/theresa-mays-brexit-deal-could-cost-uk-100bn-over-a-decade).
I hereby make my first demand (do not worry, no one will listen anyway).
In regards to: ‘People’s Vote-commissioned study says loss is equivalent to annual output of Wales‘, I DEMAND a full disclosure of the names of the people involved as well as a clear documentation of all sources used. this includes the names of those in the ‘People’s vote’ those who commissioned the study, the price paid for the study, as well as the names of those who made that report (not just the three who wrote it), the data sources used as well as how the report was set to the data and its results. I expect to find a dozen flaws in the very least. In this case any arbitrary choice (which at times is perfectly valid), should be seen as a flaw, unless clearly stated as such.
It is time to hold these people up to the limelight exposing what the Guardian (and many other newspapers) are giving voice to as being ‘the facts’. I would like to go as far as prosecuting (to some extent) the makers of these loaded and dubious reports by banning those names from any governmental research for life! When that happens, we will get all kinds of excuses and well phrased words or denial. Yet, I feel that we have come to a point where these activities can no longer be tolerated. Not by any government and not by any organisation with political aspirations, or connections.
The reality here is that the UK will lose income, lost funds and lose options for the short term. This has always been known. We always knew that things would get a little worse. Yet NOONE is making any call on the waste of three trillion euro’s by the ECB on their Quantative Easing and the waste of now close to three trillion that the taxpayer has to pay back, whilst people like Mario Draghi walk away with a ton of money, a member of an elite banking group of 20 and no accountability to anyone. The media refused to hammer on the ECB on any of it and the lack of clarity and transparency that the ECB has. This happened in full view whilst they all had 50+ articles on the death of a journalist no one really cared about (aka Jamal Khashoggi).
My larger concern is seen in: “Garry Young, the director of macroeconomic modelling and forecasting at NIESR, said: “Leaving the EU will make it more costly for the UK to trade with a large market on our doorstep and inevitably will have economic costs.” The NIESR report found May’s deal would not be as damaging for the economy as Britain leaving the EU without an agreement, which would cost the economy about £140bn over the next 10 years.” From my personal point of view, these people are in it for themselves, most of them are. Even as I will immediately admit that this report looks actually valid and good, issues come forward to a degree that might not have been seen at the beginning of it all, yet the scrutiny after the report is also lacking making the issue larger. What some call ‘lucrative European contracts’, we see a lack of investigation on both sides of the isle in all this, because as a Brexiteer, I will never deny a Bremainer to voice their opinion, or their opposition to it all. It is the acceptance of democracy that demands it from within me. The UK has not really profited from the EU, merely large corporations have and that is actually the biggest issue with the entire EU at present. When we look at the 68 million consumers, many of them have not been able to afford any of it. The bulk of all of us are dependent on moments like Black Friday to get the hardware we normally cannot get. It is a known issue that the quality of life is still low all over the UK and in many other places. The only true beneficiaries of the entire EU setting are the large corporations. The local grocer sees no real benefit, whilst the large supermarkets have all these deductibles that for the larger extent benefit its board members, not the customers. People like Gary Young are eager to make mention of ”inevitably will have economic costs“, which is a truth; I and many realistic others do not deny it. Yet in equal measure we can move away from a multi trillion bond buying scheme that has done nothing for the people whilst making the banks fat and rich. Never before in the history of mankind did the banks and Wall Street have such a large hold on governments and its citizens and we sat down and let it happen. Brexit is for the UK the first step to undo that damage and it will take time, we all get that. So as we realise that the ECB failure, in part to unmanaged ‘freedoms’, lack of transparency and accountability has greatly impacted the UK, at that point will we realise that there is a weighted and loaded stage against all of us, in every EU nation. The second part in all this is what some call: ‘the EU gravy train’, I have made mention of it on a few occasions and the lack of actions in that regard is close to sickening. Even The Times gave us some time ago: “MEPs are clinging on to lavish, tax-free handouts for travel despite publicly pledging to repay them, according to an internal report by the European Parliament. They have kept an estimated €6million (£4 million) after promising before the 2004 elections not to claim the money. “They get exposed, promise to be modest and then keep riding the gravy train. It is appalling,” said Hans-Peter Martin, an Austrian MEP, who has led a campaign against abuse of expenses. The €60 million-a-year travel allowance system is so generous that many MEPs admit it amounts to legalised embezzlement of taxpayers’ money. MEPs are paid a first-class air fare for travel to the parliament, even if they use budget airlines. They make an average of £20,000 a year tax free“. We can agree that in that meantime something was done, yet how much was done? The taxpayers have to come up with 751 times £20,000, giving us a total of fifteen million pounds and that is only the travel item every year, one of a lot more items, so how much extra are these people getting? The simple fact that many of these issues have not been adjusted for over 12 years is a clear stage that the EU is the goose for exploiting extra income and benefits, something taxpayers never signed up for in the first place. Even now (8 weeks ago) we see: ‘Details of MEPs’ €4,416-a-month expenses to remain secret, court rules‘ (at https://www.theguardian.com/world/2018/sep/25/mep-expenses-eu-court-ruling) with in addition: “MEPs are also refunded first-class travel expenses and get a €313 daily allowance for hotel and living costs when working in Brussels and Strasbourg“, which in the most optional stage grants them an additional £60K each, adding fuel amounting to £46,562,000 to the tax payers fire. I think I have made my point, did I not?
When Brexit is done and we start seeing the impact, I predict it will be less than 2 years before the complaining starts, not from the UK, but from the other nations that now have to pay for the part that the UK will no longer be paying for and that is the ballgame here. When that happens, and it will we will see a rejuvenation by both France and Italy wanting to get out as fast as possible leaving merely Germany as the large economy to carry the weight of the EU and they will not be able to do this and it will all collapse. That is not a speculation; it is a certainty as I see it. It will only need one of those three to join the leave team and it will already fail. In light of all that is happening it seems to me that Italy is now the frontrunner before France, yet that might be what the horse lover calls a nose length photo finish. It was almost two weeks ago when French Marine Le Pen gives us almost the same view in the Daily Herald with: “French far-right leader Marine Le Pen is blaming the policies of the European Union for Britain’s exit from the bloc. “If the EU wasn’t what it is now, the United Kingdom would still have been a member of a structure that respects the nations, the people, that doesn’t impose migration polices and deals that have very heavy consequences on our industries and agriculture,” Le Pen said Friday at a news conference in the Bulgarian capital, Sofia.” It was for the most what pushed me into the Brexit field a few years ago; even as Mark Carney, Governor of the British Bank and his presentation in the House of Lords gave me reason to doubt that, the acts of stupidity by Mario Draghi and the ECB pushed me straight into the Brexit field, supporting Brexit. A situation that had been known for years, yet in light of 751 beneficiaries nothing was done to keep tabs on it and Brexit become a fact.
So as we accept the setting (via many sources) that Marine Le Pen is giving through “the EU wants to punish Britain by imposing “conditions that are unacceptable to a large majority of the people in the U.K. and to members of the British government.”“, we have seen several parts of that in the media. Is it not interesting how infantile the EU gets when you do not want to be a member? They threatened Greece to throw them out, whilst there was no legal option for the EU, and they demand the impossible from those wanting to leave. In that setting, who wants to remain a member? I would go with the speculation that the EU is for: ‘those who needs the power of exploitation‘.
It is getting worse
In this we look back at Greece. Some might remember the big boast that Greece made. I mentioned it in my blog: ‘They are still lying to us‘ (at https://lawlordtobe.com/2018/06/23/they-are-still-lying-to-us/), so when we were treated on June 23rd to ‘Greece ‘turning a page’ as Eurozone agrees deal to end financial crisis‘. Here Alexis Tsipras was happy to be quoted with: “Greece is once again becoming a normal country, regaining its political and financial independence”, we saw none of the EU reservations in a claim that was off by decades. I also commented in favour of the Greek opposition shown by Kostis Hatzidakis with: “The opposing party reacted to the credit buffer with ‘Kostis Hatzidakis said it reflected the lack of faith international creditors had in Athens’ ability to successfully return to capital markets.‘ And in this Kostis is right, the international markets have zero faith in their return, they rely on a small thing called mathematics and the clarity there is that the scales are not in the favour of the Greeks.” Now we see a mere four days ago ‘How Greece Is Scrambling to Save Its Banks — Again‘, the EU has become this short sighted, this convoluted in misrepresenting the facts to the people. So as we see: “Greece is scrambling to figure out how to save its banks — again. Burdened by bad loans that make up almost half of total lending, crippled banks remain one of the biggest hurdles to Greece’s economic recovery. There are even worries that the country may face yet another financial crisis if it can’t dislodge its lenders from their downward spiral. With bank shares tumbling, the government and the Bank of Greece are working on plans to help banks speed up efforts to shed soured loans” and this comes one day after: ‘EU: Greece has Not Implemented 16 Bailout Program Prerequisites‘, which we get from the Greek Reporter. We see: “The European Commission is urging Greece to proceed with 16 prerequisites that have to be completed by the end of the year, as agreed with creditors. The first report after the end of the bailout program in August that was released on Wednesday says that Greece is delaying to implement 16 important measures and reforms. Among them are the staffing of the independent public revenue authority, the repayment of overdue debts, the legislative framework for resolving the problem of non-performing loans and the development of the new primary health care system“, the article by Philip Chrysopoulos also gives us “Despite the fact that Greece’s 2019 budget meets the target of a primary surplus of 3.5 percent of GDP” will see a speculative setback (speculated by me) by close to 2% at the very least, in what will likely be a wave of managed bad news. The EU is now that useless and pushing down all the other European players. If only the EU legal setting had allowed for removing Greece from the Euro setting and EU economy settings in 2014, a lot of the issues (like Brexit) would never have been an issue. It is in my personal view greed driven EU stupidity that allowed for this. A blind faith in Status Quo that pushed the need of large corporations and that might become the downfall of the EU as a whole.
Do you still think that the EU is better for the EU economy? First Greece and now Italy are becoming the weights drowning the EU. Merely one hour ago, the BBC reported that: “Italy’s government says it will stick to its high-spending budget plans, setting up a potential stand-off with the European Union over its deficit.“, are you actually believing in fairy tales when you think that this will not hit back on the rest of the EU? Even as the Independent reported 13 hours ago: “The pound fell 0.19 per cent to €1.1284 off the back of reports that Italy is headed for a breakthrough with its budget, which would bring to an end weeks of wrangling between the EU and the Italian government.” we now get the reality that there was no breakthrough, we merely see more of the same and the impact of Italy is not immediately reversing and upping the pound against the Euro is it? In light of the revelation, the pound should be up by no less than 0.27 percent against the Euro (the gain and the 0.19 percent loss), we will not see that will we (or we will see it as late as possible so that the 0.27 percent can be largely minimalized. When you realise that the UK is getting unfairly hammered to this extent, would you want to be part of that group? And when (not if) the UK shows the improvements making the UK economy better, what excuses will the EU, ECB, IMF and Wall Street give the people of Britain?
To be part of any exploitative regime as the EU is starting to show it in a few ways. The evidence of this statement was shown by the Clean Clothes Campaign last June when we see (at https://cleanclothes.org/news/2018/06/11/complaint-lodged-against-the-european-commission-for-failing-to-uphold-fundamental-human-rights-in-trade-policy) ‘Complaint lodged against the European Commission for failing to uphold fundamental human rights in trade policy‘. Here we see: “Bangladesh has committed serious and systematic violations of fundamental workers’ rights. Conditions are unsafe for millions of workers in Bangladesh. Additionally, the labour laws of Bangladesh create significant obstacles to the exercise of the right to freedom of association, to organise and to bargain collectively. Further, the government has not effectively enforced even these flawed laws, and workers complaints to authorities are routinely ignored. Without bargaining power or legal recourse, workers have been forced to live in extreme poverty.” and when we realise that the lack of activities, naming and shaming those who are part of it all, whilst the EU remains inactive to a much larger extent, my case of large corporations being in charge of those acting in the EU parliament is close to well made, tailor made one could state. The lack of visibility given in the EU and the oversight on what is imported into the EU from Bangladesh is frightening. The Dutch CBS reported 3 weeks ago: “The average import price per vest exceeds 3 euros in 2018. With an import price of around 2 euros, vests manufactured in Bangladesh are considerably cheaper. Prices of vests from China (approx. 2.50 euros) are also lower than average, while vests from India were average-priced (around 5 euros) and those from Turkey more expensive than average (around 5 euros).” good luck trying to convince me that this is not about money and that there is a proper investigation into the Bangladesh situation. The fact that even China cannot match these prices is partially evidence enough. The fact that manufacture owners in Bangladesh are part of the 250% plus stage that we see with: “This is the largest quantity ever recorded and approximately 2.5 times more than in 1998“, the lack of questions by those gravy train people is just a little too weird and more questions are not coming forward. That is the European Union that its members seem to like and letting the UK out is also not an option. The analysts are merely the first circle we should go after (the first of several mind you). Any report that is not clearly documented with the names of all the people involved in this should immediately be disregarded and kept on record for prosecution and smiting afterwards (when those reports are proven to be incorrect) at that point I wonder how many studies we will get that are so overwhelmingly negative. And it is not merely the analysts. The names of the people commissioning for the report and the clear definition of the question that was asked will also be set to scrutiny. I wonder how many politicians and corporate figures will suddenly run for cover and darkness like a group of cockroaches.
Feel free to disagree or even oppose my view. Yet also remember, I merely want to see the names and all data on those so called ‘commissioned studies’. Is that such a bad question? When we are given the results, should we not wonder HOW they got there? Is that not a duty we all should have?
When we look at The National Institute of Economic and Social Research, we see a clear stage of names, Arno Hantzsche, Amit Kara and Garry Young (which is a proper thing, mindyou). We also see on page 7 and 8: “The Governor of the Bank of England estimated that by May 2018, UK household income was 4 per cent lower than it would otherwise have been as a consequence of the referendum (Carney, 2018): “one third of the 4 per cent shortfall in real wages reflects stronger-than-projected inflation, which is almost entirely accounted for by the referendum-related fall in sterling. The remainder reflects weaker-than-expected nominal wages, the majority of which can be accounted for by weaker-than-anticipated productivity growth“, which should not be disregarded.
Am I opposing my own view?
No, when you see the charts in that page, we see the UK not being in a good place. Yet considering ‘UK economic growth relative to other G7‘ and ‘UK inflation relative to other G7‘, the UK situation would not look great whilst this is staged up to 2018, and now we get the good part. The G7 are Canada, France, U.S, U.K, Germany, Japan and Italy. Now consider the Italian part dragging down due to the stupidity of their budget decision (which might be seen as their right). In addition the Greek issue will drag down the EU as a whole and the USA is in a trade war that will also impact the USA, all parts seemingly not taken into account and suddenly the UK already looks a lot better in all this. Now, we cannot completely fault the report called ‘The economic effects of the government’s proposed Brexit deal‘, yet there is already a non-negative impact for the UK (it is a stretch calling it a positive effect). In addition we see properly placed “We have assumed” in the proper places and only thrice, which is also a good thing and for the most utterly unavoidable. We also see in one place: ‘Sterling effective exchange rate (January 2005=100)‘, which is possibly merely arbitrary, from my personal view the fact that 2008 and 2016 have impacted it all might also be a stage where the UK had more hardship than before and as such the three stages should have been included. My final issue is on page 15; I do not doubt the numbers or the statement perse. Yet when we consider “Ramasamy and Yeung (2010) find that openness to trade benefits in particular FDI inflows to services sectors, much more than to manufacturing. Ebell and Warren (2016) survey the empirical literature and calculate that reverting to trade under trade arrangements similar to those between the EU and Norway would reduce FDI into the UK by 8–11 per cent, and by 11–23 per cent under a Switzerland-type relationship” that openness of trade also implies the open acceptance of the unacceptable ethical stage that Bangladesh is showing to be, we need to ask the tougher questions on EU inactions to the degrees currently seen. You see, when we accept one part, we need to accept that all these sweatshop articles are out of bounds. They are merely emotional banter pressed on those trying to meet budgets, there is no humanity left, we should not allow for that. In this way my statement is harsh, yet that is what the EU has become, a harsh proposer of status quo at the expense of whatever is coming next. If you do not agree, feel free to ban all Bangladesh T-shirts, leaving others with 215 million T-shirts to sell; was that example too direct?
Even when we accept the part of ‘how the deal affects uncertainty and confidence‘, which is a topic that will remain as there will always be uncertainty, the entire report is seemingly staged towards the bad side, whilst any improves economic marker from the second year onwards are basically ignored. We can argue that year one will have no upsides, yet the stage of no upsides in year two is lose to unimaginable. Apart from the ‘EU donation‘, which has been significant, the downturn of Italy and Greece that will no longer impact the UK is clearly escalating and France is basically scared shitless of that part. France is so scared as it is in a much worse position than Germany currently is, who will also feel that impact to some extent.
No matter how this plays, it is a mess that will test the reality of a lot of people. My largest concern is not how good or how bad things get, it is the fake revelations by speculative analysts that are the impact of a lot of things and the moment when we see the managed bad news after the fact, we will also see the weakness that has become the EU, in light of an already weak USA, this merely strengthens the need for a segretative community (read: nationalistic approach to national issues). It is the one part where I see eye to eye with Marine le Pen: “the policies of the European Union as well as the lack of transparency and non-accountability” are the biggest drivers in this entire sordid affair.
I wonder how draconian the changes will become when others realise how correct my view of the matter was. I am less likely to facing the fact that I was wrong, there is too much documentation pleading for my view, especially as the Wall Street Journal reported “Greece’s Eurobank Ergasias SA said it will acquire real-estate company Grivalia Properties REIC, boosting its capital and paving the way for the creation of a “bad bank” to help deplete its pile of nonperforming loans” a mere 5 hours ago. So when exactly did the people ever benefit from a bad bank solution? We saw that in 2013 with the Dutch SNS and Reaal setting. So as Brussels treated us to: “The costs to the Dutch taxpayer were still substantial, resulting in a deterioration of the budget balance (excessive deficit procedure definition) for 2013 with 0.6% and an increase in EMU debt of 1.6%“, we see Greece doing the same 5 years later. As we look at the quote: “In fact, since the nationalization the Dutch press has regularly published pieces that show how the commercial real estate has been mismanaged for a substantial time period. Did this go unnoticed by the regulator? Why did it not intervene?” We now get to unite that part with the overwhelming inaction of the EU and the unacceptable actions of the ECB, so this will be a much larger thing that Greece is printing on the rest of the EU then the people are currently aware of and the impact will be felt much larger, the fact that the bulk of the EU states cannot keep a proper budget merely makes mathers worse (not a typo, it means ‘reaper of hay’), and now I am in a state of moments uncontrollable deriving laughter.
The lack of visibility to several parts (an issue I cannot blame the media for in this case) is just incomprehensible. In part this is due because there are so many elements interacting, yet the fact that the issues are not visible is still a matter of great concern, and also an additional reason to push for Brexit.
Pushers of media value
We all heard of the name ‘pusher’, usually it is seen in the drugs community. People who prey on children and weak students with: ‘try this, makes you feel good‘. Knowing that as their customer base increases, he can continue his lifestyle of booze and bitches, because that is his only priority, to feel good and to live like a rock star at the expense of everyone and anyone else. So when I saw ‘Alarm for Netflix as shares plummet on worse-than-expected subscriber growth‘ (at https://www.theguardian.com/media/2018/jul/16/netflix-subscribers-numbers-forecasts-wall-street) and was confronted with both “But it also warned that subscriber growth in the current third quarter would likely be around 5 million, again below analysts’ expectations of 6.3 million“, as well as “spooked investors and suggested the company’s explosive subscriber growth may now be slowing. Netflix shares fell 14% to $346.05 in after-hours trading in New York. For the second quarter, Netflix reported a profit of $384.3m, or 85 cents a share, up from $65.6m, or 15 cents a share, a year earlier“, I wondered what the analyst had to offer that gave rise to the situation.
In a world where we see that the quality of life is down, where we are struggling to merely pay the rent in some places, in that world where we learn that “Netflix has almost reached the 100 million mark for streaming subscribers, thereby more than doubling its subscriber numbers from the start of 2014“, so the numbers are showing us an almost 25% year on year growth, that is pretty amazing in many settings.
In this day and age, getting over 10% growth is pretty well done. We all recognise that 100 million users might not be that much on one side, yet the entire business is set against a facade where there is more to the picture. Still, in this the entire setting a 14% drop seems a little extreme. It is set against what I regard to be the pushers of the world (also known as analysts). I have had issues with these analysts before; they are like the drug pushers of Wall Street. They might not see it in this way, but I do. In this setting when we see “that subscriber growth in the current third quarter would likely be around 5 million, again below analysts’ expectations of 6.3 million“, so explain to me where they got that 6.3 million new subscriber issue? Where is the evidence that expected 15 people from Hoboken New Jersey decided not to become a member? Sickness, getting laid off, hospital cost, daughter getting married, all optional reasons where 15 people decided on not becoming a member, now set that number in EVERY zip code in the United States. We can go on with the thousands of additional cases in the US alone, yet the wisdom of some person telling us that a mathematical model should have produced another 1.3 million uses cannot be vetted is merely the setting of a person giving a speculative result and that speculator is the cause of a 14% drop in value?
Now, we do understand that Netflix has responsibilities and with their expected growth is of course linked to the content they can afford to buy. So when I see “Netflix is expected to invest as much as $12bn on content this year, but could face growing competition in the streaming market. Apple is upping its spending on original content in video, music and publishing to $4.2bn by 2022 from $1bn this year. Amazon is expected to almost double its spending on original content from $4.5bn to $8.3bn“, there are two issues. The first is that if we quadruple the quarter and consider the 1.53 billion in profits (or expected profits) for 2018, how come that this year the acquired spending is $12 billion? We get that content is a long term pay off and all the movies acquired now will fuel the customer base for a long time, yet the fact that the profits merely represent 7.5% of the annual content spend is very unbalanced. It also gives us the additional setting that the 1.3 million additional members would not have made a dent there. The setting is fishy and it does not add up. Now, we can all agree that such services are perhaps a lot more complex, but the value long term is also setting the pace that something does not seem to add up. To see that picture we need to realise that Netflix realised well over $11.5 billion in revenue last year alone, so by giving you this, the $20 billion is not only no longer a stretch, it implies that Netflix still ends with $1.5 billion of pure profits, that is nothing to be sneered at, and in that light the spooking of the shareholders make less and less sense and in this, the entire analyst setting comes to the foreground once more, especially when we also add the one small fact that Netflix has $19 billion in assets. It is even more puzzling when we add the NY Times findings with “The company also saw its net income rise to $130 million, well over last year’s third quarter total of $52 million but short of the $143 million that Wall Street expected“, again the analysts now imploding, or is that setting back the market, whilst the records are still showing enormous growth, we see that dark cloud called Wall Street stating that it should have been better. There is nothing that shows evidence of the numbers that Wall Street holds others accountable to. In a system that is unrealistic, punishing realistic growth is not merely dangerous, it tends to be counterproductive in the end.
An additional part seen in the NY Times is now giving another light. They gave “Netflix already outspends its rivals, including HBO, FX and CBS, while Apple has recently signalled to Hollywood it would spend more than $1 billion on original content“, whilst the Guardian treats us to “Apple is upping its spending on original content in video, music and publishing to $4.2bn by 2022 from $1bn this year. Amazon is expected to almost double its spending on original content from $4.5bn to $8.3bn“, so the other two players are also spending billions in a market that is short of resources creating a bubble and bubbles are never good, so then the question becomes, is Wall Street intentionally creating bubbles to overinflate the mess and then short sell the cycle to make it implode in the future?
The fact that three players will represent close to $4 billion a year, each year is already a signal that the big screen, through internet or big screen itself is still flourishing, as the IP is brought through different ways, the only way will be up. So when we consider Australia who gives us “Netflix Australia starts from $9.99 per month for the entry-level, single-stream standard definition package, all the way up to $17.99 for the deluxe, 4K quality, four-stream package“, we see the simple selling point that a month of maximised streaming is close to a mere cinema ticket. That is the simplest of selling points and when we consider that, when we consider that this is not merely on that level, but that the setting also needs to fit the bandwidth that people sign on for, some will not charge Netflix, some do. That is also an influence. So there is more than one player that impacts the Netflix subscriber, all elements in that equation and some we can predict to some extent, but we remains in a setting where the analysts all claim that predictions were outclassing achievement in a place where growth is pretty sweet, it does not add up and that might just be me.
Yet this is where we get the Washington Post with ‘Netflix’s subscriber growth slows, panicking Wall Street‘, this is where we get to the golden egg, the part that Americans never understood, not in 1994 when some made claims on ‘saturation is a myth’, giving us an example with an elastic band, showing that 20% stretch again and again is possible and not today when we see that especially in Australia where housing prices in the big cities are through the roof, where we see that making a budget work is to cut out all extra excesses. In that setting many people can’t merely afford the $18 a month extra. That is supported with: “Professor Muir said it was important to realise that not all of those who live in poverty were unemployed. “One in three people who are living in poverty actually have wages, so we have challenges not just about how we make sure people have jobs, but we also want people to have stable jobs,” she said“. So we have an Australian setting where 1/3 is in poverty and a chunk of that has an actual income. So at that point, who of those people will have Netflix? Will they be willing to sacrifice two meals just to have Netflix? This is not a setting that is only seen in Australia. In America the UC Davis center for Poverty treats us to the setting of a few important characteristics of the 50% percent of minimum-wage earners with an age that is 25 or higher, 50% has a part time job. They have an average family income of $42,500 per year. At this stage it comes down to 20%-25% that live in poverty, when you consider that in 2016 around 43 million Americans were living in poverty, how much of an influence does that stop others from spending sprees outside of the Christmas season? When you see the hardship of anyone in your street, a person who works, fights and does whatever he can to feed his family, often both working, still not making the bills go away. How long until others start to save for the rainy day? I believe that these people are set to the economy as missing values. They do not matter, but they are still part of the total count. I personally believe that there is intent.
When we look at Wiki for a quick explanation, we get the optional view of an economic bubble with the text: “One possible cause of bubbles is excessive monetary liquidity in the financial system, inducing lax or inappropriate lending standards by the banks, which make markets vulnerable to volatile asset price inflation caused by short-term, leveraged speculation“. Yet what happens when it is not the ‘financial system‘? What happens when a bubble is pushed through analysts on the places like Netflix, creating friction with investors that apparently get spooked when a company still reports an optional 1.5 billion annual profit? So what happens when we see ‘volatile asset price inflation caused by short-term, leveraged speculation‘? Now take the leveraged speculation, asset price inflation (due to Apple and Amazon in the market) and it all suddenly implodes as all the analysts stated that Netflix could have easily gotten a million more subscribers that quarter. I hope that you get the drift now!
I am no Netflix fan (I have nothing against Netflix either). I always preferred to watch the big screen whenever I could afford it. I prefer to buy the season DVD/Blu-ray of a TV series I enjoy, that’s how I roll. Some prefer Netflix and that is fine by me too, whatever loads their canon, I say.
So when we see the Washington Post treating us to “they could validate investors’ fears of a company in slowdown mode for the first time in years. Wall Street has already been watching closely as Disney ramps up its subscription-content efforts and HBO, under incoming owner AT&T, is adopting a new strategy to compete“, we are treated to the setting of Pluto and two other dogs competing for the same bone, it is called market saturation and I have had the impression for the longest of times (around two and a half decades) that Americans either do not comprehend that part of business, or they merely do not care and ignore it. Now, we understand that at such points, the stock value of Netflix slows or even halts, yet to see a 14% drop is equally weird, which leaves me to think that Wall Street and all their analysts are in a bubble creating setting, which I believe has been going on for the longest of times. Do I need to remind you of Moody’s and S&P regarding the 2008 events? In the end they paid a fine, but compared to the damage done, it was miniscule. So when we take a step towards FLETC and the ‘Economic Crimes Investigation and Analysis‘ parts. They seem to be all up in arms for investigators, auditors, analysts and individuals serving as direct law enforcement support personnel who provide a foundation for fraud and financial investigations. Yet, when we look closely, how much effort has been done to investigate the Wall Street Analysts and other analysts who seem to be tweaking the expectations?
So when we look at the FLETC syllabus and see: “Successful completion of the ECIA will enable students to:
(1) identify various investigative techniques that may be used to investigate economic crimes;
(2) identify evidentiary documents that may be used to prove the source and disposition of monies;
(3) demonstrate how computer software may be used to organize, analyze, and present information;
(4) identify various ways that an accounting system may be used to conceal the true nature of fraudulent transactions;
(5) demonstrate how indirect methods may be used to identify illegal income; and
(6) demonstrate how effectively present investigative findings”
Yet as I see it, in all this the global analysts who are spiking the expectations are all considered not a factor and have the privilege of remaining outside of the scope of all this. That also gives us that unless a 2008 version disaster happens; they and their overpaid asses quite literally get to walk away.
So how does that make sense in any universe, especially when we see the damage others faced over a decade?
Which gets us to the last quote in the Post with “Hastings did acknowledge the second quarter has historically been rough for Netflix, noting another under performance in 2016. “We never did find the explanation [for that],” he said“. In this we need to ask, was this merely a real under performance, or was it all based on a flawed algorithm, one that all the analysts using them will happily silence away?
A group of people never scrutinised, whilst a company making a clean billion plus a year is axed by 14%. Some will say it is all logical and that my lack of an economic degree makes it all my ignorance issue. Yet the Margin Call quote “2 and 2 no longer makes 4” gives the indication that it was not math and according to the math involved the 14% cut is optionally wrong, yet the reality of bubbles and the intentional creation of them is set on greed and that is the one thing that Wall Street thrives on and I wonder how closely some of its players are actually watched, more importantly, once proven, will the events actually be acted on, or will they merely receive a $401K fine in the mail?