Tag Archives: China

June 20, 2023 · 23:04

One source confirms

That is where I stand. Today I got news from the Asia Times on something I have been saying for some time. Now, one source does not make it true, but the information given here and pretty much nowhere else should give people a place to start, moreover it could also be seen as the underlying problem to something a lot more dangerous. The article (at https://asiatimes.com/2023/06/eu-push-to-rip-and-replace-huawei-5g-meets-resistance/) gives us ‘EU push to rip and replace Huawei 5G meets resistance’ where we see “EU Commissioner Thierry Breton wants Germany and other European countries to stop dragging their feet and eliminate Chinese equipment from their 5G telecom networks. The European telecom industry and Huawei are pushing back.” This is the start of something I have stated for a long time, yet now we get “Deutsche Telekom quickly rejected claims that mobile networks built by China’s Huawei could be altered remotely to cause damage or steal data. In a June 16 statement to the German news site golem.de, a spokesman for the German telecom provider declared, “No [software] update can be introduced into the live system that was not fully tested for functionality and security.”” This shows the first chink in the EU armour. This is followed by “The network management systems are located in a high-security network that is completely separated from the Internet and from the company’s office communications network,” said Deutsche Telekom executive Stephan Broszio, according to press reports. “Access to this network is granted only to a few employees subject to strict security review. A remote attack by the producer firm [namely Huawei] is not possible.” In addition we get “Austria’s chief telecommunications regulator, Klaus Steinmauer, told the Austrian News Agency that he “saw no danger from Huawei,” adding, “I don’t know of a single instance” of problems” As I personally see it, EU Commissioner Thierry Breton either publishes clear evidence of these dangers, or he should move to Washington DC and become an Uber driver. You see if there is evidence fine, but for years now we see boasts and never was any evidence given. I see this as a problem and now that the US cannot foot any bills, the others are stating that the US needs to eff off (you know what I mean). I reckon it is not long until these telecom companies will demand that the EU foot the bills for hundreds of billions in hardware change, foot the bill for adjusting that hardware and foot the bill for loss due to diminished broadband capacity. In the meantime Saudi Arabia is extending its reach into Africa and the Mediterranean, after which the telecoms will get loss upon loss and handing over what margins they had to the Saudi Telecom Company (STC), because that is now merely one step away. That was given to us in April with ‘Saudi Telecom Buys Mobile Tower Unit in Europe from United Group’, which now gives them access to Bulgaria, Croatia, and Slovenia, after which the access towards Italy, Greece, Spain and the rest of the Mediterranean is all but a simple flick of a switch. 

But leave it to players like EU Commissioner Thierry Breton to ignore the obvious. On the upside, with my language skills, I would gain another job option to another company and in this day and age that matters, especially as big tech is shedding thousands of positions. 

And even as the article ends with “it would help dispel suspicions that Breton and the European Commission are simply following instructions from the US.” I reckon that until we see actual EVIDENCE of the nefarious implied deeds by Huawei, that feeling will not go away, not for a long time.

So enjoy the day whoever you telecom with, today, or tomorrow. 

Leave a comment

Filed under Finance, IT, Media, Politics, Science

Tagged as , , , , , , , , , , , , , , , ,

June 20, 2023 · 00:01

He said what?

The BBC (at https://www.bbc.com/news/live/world-asia-65920024) gives us ‘Blinken and Xi had ‘robust conversation’ in Beijing’ and I had to take a look, if not only to see what they mean with ‘robust conversation’, that is an expression that could go in any direction and not all of them good. The BBC hands us:

“He says he has been seeking to “disabuse” China of the notion the US is “seeking to economically contain them””, sorry this started a 5 minute intermezzo to get a hold of all the laughter I have. The US has been seeking to contain China since Huawei left Nokia and all others behind them in the 5G field, it is still going on, all whilst we have never ever been given CLEAR evidence that Huawei was doing anything negative. In that same timeline we have an Airman handing out classified information, a former president has more classified materials in his toilet than the CIA has in its archive and we have several other issues. That is before we look at Cisco and its issues (which was not intentional, I know). 

And even as several statements came from Strasbourg, the manner of speaking implies a clear American hand on the shoulder of the speaker. 

Then we get “Blinken reiterates that the US does not support Taiwan’s independence – stating it does not wish to change the status quo”,which is a harder issue. You see ‘The first agreement under the U.S.-Taiwan Initiative on 21st Century Trade was signed on June 1, 2023.’ Might be seen as a declaration towards support for its independence. And that is debatable, I get that. It seems to me that America hopes it will go good, but at the same time it is afraid to anger China too much, so I can see how this plays and this is NOT against America. It is to acknowledge that some diplomatic strains are strained as far as they can get. 

Then it is time for “Blinken says some parts of the talks were “constructive”, but adds there is “work to do” in other areas”, OK a diplomatic answer if ever there was one. But in there are missing parts and there is every chance that they are not for our eyes yet. The ties with Iran and Saudi Arabia are worrying America. The new petroleum refinery that they are building in China must be a cause for concern. You see, the refinery is large enough to hand a lot more oil to China and that is where it is most likely to go, a setting America does not find comforting. They are already losing out to a million barrels a day, but with that new refinery that reduction COULD (could being the operative word) be reduced three times over to minus 3 million barrels a day. This could collapse the American economy and create a third world nation called The United Stages of Anything. For Taiwan it is not such a good stage. I reckon that China has been dipping its toe in the water to see how America would react when Taiwan is added back to China and charges Taiwan for overdue book fees and that invoice is likely to be stellar. Now, this is not a given, but that is what I would have done (if I was Chinese). In all likelihood as the EU and the US are uniting with Ukraine against Russia, China sees an opportunity because America is too broke to stop anything and that leaves Taiwan separated, segregated and all alone. A setting China would like at present and with three optional supports for Taiwan too poor to do anything (US, EU and Japan) Taiwan might not have too many options left. I reckon that a similar conversation with Crown prince Mohammed bin Salman Al Saud took place almost a week ago. I reckon that at present China has all the answers it needs, but that is pure conjecture from my side. 

So as I see it, I wonder just how robust that conversation was, rejections by China does not make the conversation less robust, but that is about the only classification that conversation might have had overall. Am I wrong? Optionally yes, but the larger stage is catering to China, and with the ties with Saudi Arabia now stronger then anything, all whilst the ties with America are more and more dissolving leaves China in a much stronger position and as Saudi Arabia grows, so will the options for Huawei. It will not take long for the larger contracts with Egypt and Syria to start and when that happens, we get a triangle that covers part of Africa, towards Turkey all the way to India. It will not be overnight, but with the power core in Riyadh that setting would become one hell of a central chain for Huawei. And it is not a new setting, I saw this evolution come a little over three years ago. And with that infrastructure NEOM is not merely a small city, it will be a center piece of Saudi Arabia, uniting Africa to Saudi interests and they will all have that new Saudi news channel. It was a game well played and China is adhering to this not merely because it takes the wind out of the sails of America, it will diminish Europe in similar ways. Asia Times gave us in April ‘Huawei eyes Saudi Arabia as its regional hub’, I think it is only the beginning and it is a much larger partnership with China, who will have access to this and the Silk Road, which was never a secret. As such I wonder what expression they would replace ‘robust conversation’ with and very time that expression gets handed to us by the media, ask yourself. What did they mean with that? 

Another day, another step closer to next Friday.

Leave a comment

Filed under Finance, Media, Politics

Tagged as , , , , , , , , , , , , , , , , , ,

June 19, 2023 · 01:23

Simple clarity

That should happen, but not always. If the spectator is to be believed, clarity is not on anyones mind. So lets take a look. The article (at https://www.spectator.co.uk/article/how-saudi-arabia-bought-the-world/) gives us ‘How Saudi Arabia bought the world’, which is in part not false, but this is how the Americans wanted it. It was all about values and commodities and the more the better, that is until they went broke. Now it is all about human values, an option they never considered when they handed the reigns to Wall Street. Now America according to sources “The Treasury Department paid a record $213 billion in interest payments on the national debt in the last quarter of 2022, up $63 billion from the same period a year earlier.” $213 billion a quarter, implying that they are now paying $855 billion a year, that is the price of uncontrolled debt. I gave warning over the last several years, yet everyone was calling me crazy, stupid and a whole range of names. Well now the opposite is coming true. Others are now in charge. First Anthony Blinken (aka Blinky Tony) went to Saudi Arabia, now he is trying to convince China on miscommunications. A good trick if he pulls it off, especially after all the anti-China rhetoric. But this is about the Spectator, who gave us the cool image below.

There we see “Sarah Leah Whitson, of Democracy for the Arab World Now, the organisation founded by Khashoggi, told me the deal makes no sense in purely economic terms. ‘It’s really important to know how much of a premium the Saudis have paid,’ she says. ‘This is a political move.’ In fact, the FT estimates the Saudis will pump $3 billion into their new purchase. That translates into astonishing rewards for individual players. Some already on the Saudi payroll are reportedly getting $200 million a year.” It actually makes sense. You see people love sports and Saudi Arabia has seen what the eyes on Dubai can achieve and now there is a start to set the eyes on Riyadh. Sports are a first. The Jetset sports like F1 and Golf are a start and more is coming. The people want their games, their sports and if you try to count on the amount of video’s on YouTube and TikTok that are about Dubai and the Dubai Mall, the number goes into the millions and they nearly all have counts that are in the triple digits or close to that. That is visibility. With the projects that are coming over the next 5-7 years these numbers are adding up. Saudi Arabia, like China have been playing the long game and now they are the winning side of visibility. It all adds up further when the KSA launches their English version of Al Jazeera, then the numbers start racking up fast. That realisation was why I tried to sell my IP to Saudi Arabia and Kingdom Holding. It is now an IP that is approaching $35 billion in value. There was a reason that I never wanted Microsoft near it, they only screw things up and the value merely goes down. I would if all goes well end up with 5% of that, more than the accumulated wealth of all my ancestors combined. Yet, this is about Saudi Arabia and it matters, you see next we get “Greg Norman, the former champion who runs LIV, has already ‘moved forward’. Asked last year about Khashoggi’s murder, the body dismembered with a bonesaw, he said: ‘Look, we’ve all made mistakes…’” this is why America is losing all options. What evidence is there? The bone-saw bit and all the other bits. The media was in a frenzy pushing speculations, but in the end there is no evidence, there is no evidence of ANY direct involvement by Crown Prince Mohammed bin Salman Al Saud. That UN essay (aka the joke of the century) was no help either, if nothing else, it merely showed how useless the UN has become. If there was evidence fine.  Yet there was none and when you consider that part. Is it any surprise that Saudi Arabia has had enough of America and the west? 

Then we get “All of this has emboldened MBS, who has been steadily creeping back into international favour since Khashoggi’s murder.” Is it because there was no murder? Was it because there was no evidence? Was it because internationally the people in charge are figuring out that siding with America is starting to be a rather large loss? In this America did this to themselves, they invented “Money talks, bullshit walks” and business America embraced that expression as gospel, the problem is that when you are broke, when you rush from debt ceiling to debt ceiling you have nothing left and when the bulk of your budget goes to the interest, you have little less to buy. It is a simple equation, and an abacus can give you that result it will not be a pretty result, but a result none the less.

Then we get to hedge funds, real estate (London) and several other places. These people go to Saudi Arabia, because Saudi Arabia is one of the few places that has the money. If the ROI (Return on Investment) is good, they are likely to take the offer. It used to be America, but you know where they are at and Japan is almost there too. Consider the wealthiest nation in Europe (Monaco) How many projects did Monaco fund in Europe? Look at that list and see where their money is going, when you figure it out you will see why Saudi Arabia is seemingly buying the world. The world is a commodity and no one else is able or willing to buy it. So hard times are ahead (especially for America and Japan) and we are all falling in the middle. It is why I selected Saudi Arabia, Kingdom Holdings and Tencent Technologies for my IP. I go where the money is and the few players that had the money in the west decided to leave billions on the floor. I don’t have that kind of time for them to wise up and consider what they were missing. It is their choice t rely on wannabe executives, it is their loss. To be honest I never expected my IP to get that high this soon, but the inclusion setting I wrote about a week ago (0.0144%) made it a lot more valuable. And that is not even close to the end. All the settings that came secondary will now have primary impact on others too, merely icing on a yummy cake. Yet in the overall setting where we see the Spectator and the other media copying and paraphrasing that part there is a nasty underside. When the Chinese-Saudi link gets firm, when silk road evolves into a next stage and when the governmental coffers in Europe and the US dry up, what will you be left with? Because that is the moment that pensions fall to zero and that, in a greying population is the nightmare scenario that is now a mere 5-10 years away. I tried to send the warnings, but everyone was so sure that this would never happen. So how many debt ceiling raises will go through next? When sports fall away, as such when advertisers go elsewhere (Google is already setting up that side road in Saudi Arabia this year) when marketing options fall flat and result is the only currency that is allowed. How many corporations will remain? How many jobs will remain? Soon it will be about skills that are bankable, billable hours and it will go to every layer of business. And that is the sad part, we enabled that road all by ourselves. There was never any other outcome there. 

So cheer up, it is about to be Monday, your favourite day of the week is now a week away. 

Leave a comment

Filed under Finance, Media, Politics, sport

Tagged as , , , , , , , , , , , , ,

June 7, 2023 · 20:40

The boom what?

Yes, a few hours ago, the AL-Monitor gave me the news (and anyone else who reads it) that ‘Canada’s arms exports boom to Saudi Arabia, Israel, Qatar’ (at https://www.al-monitor.com/originals/2023/06/canadas-arms-exports-boom-saudi-arabia-israel-qatar) now you think this is great news (as in size of the news), but you would be wrong. Canada, the other commonwealth nations as well as America are waking up to the coffee (optionally served by Tim Horton himself). When we read “most of the shipments coming from a $15 billion contract reached in 2014 but only approved for export by Canada’s current government” and you consider ‘Is it too little, too late?’ (at https://lawlordtobe.com/2023/06/02/is-it-too-little-too-late/), which I wrote on June 2nd and you take the scale of the setting, you will see just how desperate the US is at present. Is it that Saudi Arabia is siding with BRICS? Is it because Saudi Arabia decided to cut production by a million barrels per day? Your guess is as good as mine, yet this is the setting and the Canadian BS line that it only got approved by the current government does not compute with me. This is the result of bad management on too many levels of US administration and now that the end-line is in view and the US is seeing that several nations, and a few not friendly to America are ahead of them. They are trying whatever they can to avert disaster and I am not sure if that is even possible at present. As I personally see it, China played the long game and they are now the expected winning team. Ahead in defence contracts with the KSA, ahead with infrastructure contracts with the KSA and Telecom contracts and now that the others are waking up, we get “The aims of Blinken’s trip, analysts say, include regaining influence with Riyadh over oil prices, fending off Chinese and Russian influence in the region and nurturing hopes for an eventual normalisation of Saudi Arabian-Israeli ties.” What a surprise! I wrote on June 3rd in ‘Would you believe that?’ (at https://lawlordtobe.com/2023/06/03/would-you-believe-that/) where I mentioned Russia, China and Iran. I also gave a list where we see these 4 points now directly or indirectly mentioned. 

2. Oil prices.
3. BRICS membership.
4. Defence spendings lost.
5. Iranian diplomatic settings.

And it does not end there. The article (at https://www.aljazeera.com/news/2023/6/7/blinken-starts-saudi-arabia-visit-aimed-at-steadying-relations) also gives us “Richard Goldberg, a senior adviser at the Washington, DC-based think tank, the Foundation for Defense of Democracies, said that discouraging a closer Saudi Arabian-Chinese relationship is probably the most important element of Blinken’s visit.” With the underlining “[Blinken should explain] why Chinese interests do not align with Saudi Arabia and why closer relations in a strategic way inhibit closer relations with Washington”. You see, here is the delusional stage. They are thinking that America still has options. I personally believe it is too late for that, if that was the case then this stage would be handled in 2019 (2015 would have been better), not in 2023. As I see it China merely waited for the US and EU bungle this to the largest degree and that happened in 2020 as China successfully courted The Kingdom of Saudi Arabia for a whole range of issues and with the US president labelling the de facto ruler of Saudi Arabia a pariah, that moment was reached. It wasn’t merely the straw that broke the camels back, it inhabited the entire convoy of Camels and now the end-game is coming into focus. For me (where I am now) it would in part be nice if Blinky Tony (Anthony Blinken) pulls it off, but he will have to sweeten the deal by a massive amount, not merely 1-2 promises, but a whole range of issues on paper signed by the president of the United States and here Congress, as well as the Senate better get out of the way, the loss will be too great if they bungle this. Still the chances of success are slim as I see it. Too much has passed and even as the United Nations played its anti-Saudi cards it might not be enough. As such a whole range of issues that got started by a United Nations essay by someone no one cares about, just like that columnist, that names eludes me for now.

More of my ‘insane predictions’ as some trolls would say are now a matter of fact and slowly we see the facts placed on papers as what is ‘stated’, but last week there was none of this. As such is the media doing its job? Are they looking into matters? What else are they missing? For me the case does not change much, other than the chance that Amazon wakes up to the billions they are missing out of, for me Tencent Technologies is a viable solution, it might cost me a little, but that is nothing to what Amazon and Facebook will lose out of. Google decided not to go ahead in this direction and as I am seeing certain players evolving ideas I had on a few occasions, the timing is decent (but it could have been better), still in light of where America is heading, I should be thankful for every dollar I will get out of this deal and as I see it time is growing shorter and shorter. Still as we see America trying to avoid sinking on the spot, we are all in decent fear of how it hits us, because there is no way that the western world (as well as most Commonwealth nations) will not get hit to some extent. All because we had faith in ego driven idiots (sorry, I meant politicians).

So, how is all this playing out for you?

Enjoy the midweek, we are now at 50% of the next weekend timeline.

Leave a comment

Filed under Finance, Media, Military, Politics

Tagged as , , , , , , , , , , , , , , , , , , ,

June 4, 2023 · 22:24

Within a day

I wrote a few things regarding BRICS in the last two days and now (at https://www.al-monitor.com/originals/2023/06/iran-saudi-arabia-uae-attend-brics-meeting-south-africa-bloc-mulls-expansion#ixzz83fKlbzuL) we see ‘Iran, Saudi Arabia, UAE attend BRICS meeting in South Africa, as bloc mulls expansion’, so I admit that I didn’t see Iran to become part of that, but the UAE is a nice addition, it also changes the game. Not sure if Iran should be part of it, but that might appeal to both the KSA and the UAE. So when we see ““The world has faltered in cooperation. Developed countries have never met their commitments to the developing world and are trying to shift all responsibility to the global South,”Pandor said. Upon his departure from Tehran, Amir-Abdollahian hailed BRICS as a body that represents half of the global population and called his visit an example of Iran’s “active presence at international bodies” and a step in Iran’s “balanced” foreign policy.” We might see one thing, think another and wonder what is real. I wonder what Iran is doing there. Are they on invitation to settle Russia, or is Iran there to appease the Middle East? I have no idea, but I would consider that there are other more qualified nations than Iran, Indonesia for one. So is it about the powerpoint of oil? Your guess is as good as mine, but the idea that UAE would be coming is now a reality. The BBC did not mention that. As such are the sources of AL-Monitor better, or had the west filtered out Iran? I honestly do not know, but the photo from June 2nd implies that the BBC filtered out certain names. As such I was not aware of UAE Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan and I only aw this article a few hours ago. Yet there too we see the stage of BRICS. If the western media cannot tell us the truth, when they rely on censorship and editing to give us adjusted filtered information, who are we telling other nations what to do? We see the attacks on China, Russia and the Middle East and yes, I do not disagree, but when we do the same, is this not the media station of the pot calling the kettle black? 

So when we get “In a pre-recorded interview broadcast on state TV after his departure, Amir-Abdollahian said that a key topic on his agenda in Cape Town would be “de-dollarization” in trade with BRICS member states.” What can we object to? The US is broke, it is merely sailing from debt ceiling raise to another debt ceiling raise. It has no exit strategy and did not have any for well over a decade as it caters to political ego and the rest of the world is awaiting actual action. Well, that setting will kind of explode in our faces as China will do what is best for China and the western world does not count there. It is harsh, but we let our politicians make it that way. So what is next? That depends on how BRICS will go about it. It is dependent on how they decide to hurt or restrict the moves by the US, and no matter how that slides it will hurt Japan in massive ways (which will please China). But beyond that there is no telling what will happen. I still think it was a mistake for them to add Russia in its current shape, but that is not up to me. I reckon that the country to can keep tabs on beats the one they cannot and it is a wisdom that is beyond me, BRICS is giving Russia a stronger voice which in current settings is not good, but that is me talking. 

My mind flies over the setting of “de-dollarisation” and how it will take form. But at present I have no idea, I will need to seek out as much information as I can. 

Enjoy the last day of the weekend, Monday is coming.

Leave a comment

Filed under Media, Politics

Tagged as , , , , , , , , , , , , , ,

June 3, 2023 · 23:37

Would you believe that?

That was my very first thought when I saw (at https://www.aljazeera.com/news/2023/6/2/blinken-to-visit-saudi-arabia-to-discuss-strategic-cooperation) ‘Blinken to visit Saudi Arabia to discuss ‘strategic cooperation’’. There we are given “Blinken will “discuss US-Saudi strategic cooperation on regional and global issues and a range of bilateral issues including economic and security cooperation”, the State Department said in a statement.” I have an actual hard time believing that. You see there are a number of issues that count for the US.

1. Banking instabilities.
2. Oil prices.
3. BRICS membership.
4. Defence spendings lost.
5. Iranian diplomatic settings.
6. Syrian diplomatic settings.
7. Outstanding US bonds with the KSA.

These are just 7 issues of a whole range of problems that the US is facing ever since they burned their ally the Kingdom of Saudi Arabia. The fact that Saudi Arabia walked away from Credit Suisse is making the US rather nervous. They had this idea that when the going gets tough, the purse of Saudi Arabia is there to bail them out. That is not (or no longer) a given. The oil prices are biting the US and cheaper oil is for them essential, even though Brent Crude Oil is doing close no nothing to stop that pain. Then the new issue erupts and I mentioned this yesterday. BRICS is no longer on the sidelines. It wants the western worlds to adjust their views and they now have the muscle to do that, with Saudi Arabia added they will also have the money to do that. I personally think that Saudi Arabia will have a close ally, as such the UAE might become a member too. So now you see how the words of Italy are too little and too late (see my article 2 days ago). 

Then the think I mentioned a few times, as China gets the Saudi Defence spendings, the US will come up short and that bites as well and these are the biggest issues for the US, as such Iran is hardly a blip. OK, it is more but only when the world sees that when you are broke you cannot push for economic sanctions on Iran (Russia too) and it is already selling oil to India or Pakistan (not sure who) and China, so that marble is faltering nicely. Then there is Syria and the largest issue are the outstanding bonds that the US sold. I actually do not know how many the KSA or Kingdom Holdings have, but if they flood the markets they will lose money and it will be disaster for the US, who will run out of cash long before Q3 2024. Which means they are 1-2 quarters short, or perhaps better stated at the end of their wallets they need to survive another 2 quarters. Good luck with that idea in the US. 

So when we see the Al Jazeera article and many others on why Blinky Tony is going to Riyadh, I feel certain that there is a lot more going on that w are being told. And I feel certain that it is not on the media. I feel that the White House administration will never admit to this Oliver Twist moment with “Can I have some more please?” No one would admit to that, it is just a little weird to see the entire BRICS setting a day early and now we get this. 

And he has more on his plate. We get that with “attend Gulf Cooperation Council (GCC) talks during his visit, starting on June 6”. I reckon that is when he will make mention of two variables (Iran and Syria). It is speculation, but that is what I (with no diplomatic knowledge) would do.

I reckon that this is one of the hardest times for the US State department ever. It did not help that it was this president who stated to make Mohammed bin Salman Al Saud a pariah. So how is that working out?

Enjoy the weekend.

2 Comments

Filed under Finance, Media, Politics

Tagged as , , , , , , , , , , , , , , , , , , ,

June 3, 2023 · 00:58

It’s a BRICS house

That was the setting and it is not a new setting. The BBC gives us (at https://www.bbc.co.uk/news/world-africa-65784030) ‘Brics ministers call for rebalancing of global order away from West’. This is not new to me. I made mentions even before I wrote ‘Brain drain, by design’ (at https://lawlordtobe.com/2022/11/17/brain-drain-by-design/) which was November 2022. So this is not new. I am not happy that Russia is in the mix and I did not consider Brazil in that mix. But India and China were. And even more, which we also see here with “Russian Foreign Minister Sergei Lavrov said “more than a dozen” countries including Saudi Arabia had expressed interest in joining the group”, which I saw coming a mile away. And I reckon that Saudi Arabia and China will then offer an inclusion to the UAE. It is now becoming a simple play that puts the US and the EU out of business. The UK still has its ties to India, as such it needs to play a very careful game to not be set aside, and it is possible that the UK will have some form of shelter, but the US is pretty much done for. It’s news cycle is all about avoiding defaulting from one point to another, and when that goes wrong it goes really wrong with the US and the EU, both Canada and the UK will feel that sting massively. Then as Japan goes Australia will be in similar dire conditions. A stage that was never speculative, anyone with a decent grasp of the abacus could work that out and the  biggest trap they went for was to shut Saudi Arabia out, to let (according to their ego’s) it become a pariah. All for a journalist no one gave a fig about. More importantly there was never any evidence, that much was clear in that United Nations essay and they tried it again with that cyber report that involved Jeff Bezos. Now that new house, that domicile made from BRICS and its members will become the new world powers. As I said, the fact that it includes Russia is not my choice and I am not happy about it. And now that we see more and more business outsourcing to India, that stage will change even more. Those in doubt better get a clue, because if I see my tactics correctly, the BRICS union will set stations so that there is no more debt raising for the US. I am not sure how they will pull it off, but if any of the BRICS members now or new will sell their US bonds it will all stop right quick. We were that close to the edge and now that edge is crumbling. I might not be in time to sell my IP, but I do have an alternative and that setting is close. I will not get much, if anything, but I will get out with my skin decently intact, which is likely more than most others can say at that point. 

So when we consider the BRICS members (Brazil, Russia, India, China and South Africa) a new setting comes and with that the largest ass kissing contest in the EU will start with vonder Leyen on her knees. After that whatever allies the US had will be running for the hills, any hill for that matter. The rich people will already have plans in place, they will have locations ready and they will watch from a massive distance with family and friends how the US implodes upon itself. I reckon that 2024 will be the least comfortable place on the planet to be at that point. Yes, people will call me crazy, people will say that I am causing a panic. Yet these facts were out there for anyone to see, you merely thought that the western media would give you the goods, something they haven’t done in close to a decade. I gave several clues out on several matters on how the media was giving you the runaround going all the way back to September 2012. But you all thought I was crazy. Well, when this situation becomes a reality, you get to see how crazy I was. Did you actually think that someone can have a $32,000,000,000,000 debt and no one comes to collect? I have seen people hide under beds because someone was ringing the doorbell for an outstanding $750. And the final parts was seen a few months ago when Saudi Arabia closed the door on ‘saving’ with a simple “The head of Credit Suisse Group’s largest shareholder, Saudi National Bank (SNB), said on Wednesday it would not buy more shares in the Swiss bank on regulatory grounds” Did you think it was going to be that simple? They lost lost more than $26,000,000,000 in market value. That was the setting I did not initially see, but when we see the larger stage we see that it was more then a loss. I reckon that whatever BRICS has in place, or is about to have in place. The US is now in deep water, they are up to their neck and someone is adding water to the equation. For China it will work out rather well. You see after the US falls, Japan is pretty much next in line with a debt of $9,300,000,000,000, or 1,343.4 % of their GDP. A debt that is 13 times their GDP, without the US that will pretty much strangle them over night and whomever had those bonds can end that economy right there, right quick.

Did you think they were all too big too fail? 

A writer named Jenny Holzer wrote Truisms (1978-1983) gave us “Change is valuable because it lets the oppressed be tyrants.” I think we are about to see the impact of just how nasty that could end up being. 

Could I be wrong?
Of course I can be wrong, yet consider what is shown, and what was implicitly not shown. When you put those two together you get an image. Yes we can speculate that some are presenting a wannabe scenario. Yet two of these players (China and India) have the drive, the people and the will to push forward. Now add the Kingdom of Saudi Arabia and the United Arab Emirates to the mix and you get a massive unsettling concoction that no one in the west wants to try and that is what we see now. The next debt ceiling is January 2025, which might sound nice, but if some of these bonds are set to market in 2024 the US will be in much deeper waters and this is not a secret either. I wrote about this (at https://lawlordtobe.com/2023/03/12/i-honestly-dont-get-it/) on March 12th with ‘I honestly don’t get it’ and even before that. Who will push? I have no idea, because I do not know where all the US bonds are and the media wasn’t too sharing, were they? 

So you can look int this or consider moving to anywhere where this cesspool does not hit, which is another reason why I was eager to sell my IP to Saudi Arabia and the Kingdom Holding Co. I reckoned that a (starting) 5 billion annual revenue stream would appeal to them, apparently I was wrong there too. Will I be wrong again? Perhaps, but I have been correct a lot more times than I was wrong. As such I have a decent confidence in me being right.

Enjoy the weekend (or at least try to).

Leave a comment

Filed under Finance, Media, Politics

Tagged as , , , , , , , , , , , , , , , , , ,

June 2, 2023 · 01:36

Is it too little, too late?

That is at times the question. What I think does not matter, I can be opinionated. Yet that part is still part of the speculative side that I walk. Only those who are in power in the Kingdom of Saudi Arabia can actually state what is real. The rest including those think tanks are clueless. Well, think tanks have a deeper generic knowledge, as such it is no longer speculation, it is presumption. It is knowledge based on data and knowledge they have, it is more accurate than speculation, but how much more is depending on the political hands that they also feed. 

As such Reuters gave us (at https://www.reuters.com/business/aerospace-defense/italy-ends-yemen-linked-embargo-arms-sales-saudi-arabia-2023-05-31/) ‘Italy ends Yemen-linked embargo on arms sales to Saudi Arabia’ this is good for Italy and it will help the EU, but how much? That remains to be seen. This 11th hour turnaround might have som impact, but will it be enough. For it to matter the UK needed to come across months ago and they didn’t and now China has the bulk of the orders ready for consideration. Italy as such might get some, but will it be enough and there the setting of ‘too little too late’ comes into play. Even as they include the UAE, the setting was always going to be the massive billions that the KSA had to spend and even as we consider that the KSA expenditure reached $75 billion last year, most of it is now going towards China. A safe bet is 40%-50%, but I reckon that China stands to gain up to 70%, all that revenue lost to the US, UK and the EU. The losses for these three are likely THAT big. Mine is not presumption, I do not have certain access. It is speculation at best, but how wrong do you think I am? We saw the courting by Chinese officials in 2021 and 2022 and now that they have made their impact Italy is now ending its embargo with a nice “praising Saudi Arabia’s recent peace mediation efforts”? Who are they kidding? The UK handed their revenue to the tea grannies of the CAAT, well a lot of good that did, China just took over and now none of them have anything to tell anyone. Well CAAT can state that they kept their heads high, so when OPEC adheres to the need of Just stop oil and 250K barrels a day go to China instead of the UK, what will have been achieved? I can tell you, nothing. Nothing will have been achieved, but the quality of life in the UK will go down further. 

We see now all kinds of changes and whilst the political arms give lame excuses all around us, the reality is that we opened our big mouths and there is a cost to that, but when the coffers are empty like most coffers in the US, the UK and most EU countries the cost of living will bite more and more. I tried to warn you all for at least three years and these options are all scuttled and they will not mature. So as Italy is making its step hoping there is some time left, I wonder if there was any time left. It is my speculative view that this is too little and it is way too late, but then my speculation could be wrong. You tell me, I honestly am not certain at present. 

Enjoy the day, the day before the weekend is merely one day away.

1 Comment

Filed under Finance, Military, Politics

Tagged as , , , , , , , , ,

May 27, 2023 · 12:47

Ding Ding, the premise is set

Yes, this is not new, I made mention of this danger several times over the last two years. And now the media is tarting to catch on. The Guardian (at https://www.theguardian.com/world/2023/may/26/russian-weapons-manufacturers-hosted-at-saudi-trade-event) gives us ‘Russian weapons manufacturers hosted at Saudi trade event’, you see, some might think one part, or the other part, but personally I believe that they were invited as a courtesy. There is the option that they were invited to make sure that the China offers are financially sharp, but that is the sales world for you. You see, they might offer Russian Helicopters, like the Ka-52 Alligator helicopter. Yet the Ukrainians have ben shooting them out of the sky by the dozens, so the options are speculatively not there I reckon and the way Russia is losing hardware, every machined piece of cavalry and artillery better come with a ballpoint (for write off purposes). This was the stage that was going to happen no matter how you slice it. The US thought it was clever and it is now (not so) cleverly losing billions in defence spending by Saudi Arabia and its allies. So when we see “Perhaps the most significant participant in the meetings with the Saudis is Rostec, a Russian state-owned defence systems” and we consider the byline “Companies with direct links to Russian military set to attend, which is likely to heighten tensions with US” no one seems to be noticing that Stephanie Kirchgaessner with her anti-Saudi writing is involved and the larger question is missing is “a similar trade forum with Chinese businesses had also been held recently, although those businesses did not involve firms with connections to the Chinese military.” Really? 

The Chengdu Aircraft Industry Group has no links to the Chinese Military? Tell me another one. Then there is “What is different here, and these recent business events are just one sign of it, is a major reorientation of Saudi policy towards Russia and China, and away from the USA and west Europe”, which comes from some unnamed source. The fun part is that I have ben saying this for close to two years and the first year there was an option to turn this around, yet the US and UK were sitting on their hands and now it is seemingly too late. This is the consequence of a stupid game played by the Pentagon, US Congress, the White House (in and out of office) and the House of Commons. This is the result of stupidity and there is no “heighten tensions with US”, the US is about to lose so much revenue that certain banking moguls will cut up the US credit card (and lower credit ratings in the process). 

Another step achieved by ego grandstanding and inactions. So where will Saudi Arabia, the UAE and a few other players go to? My money is currently on the Chengdu Aircraft Industry Group, but it is a speculative view and I lack certain levels of industry knowledge in that direction. As such I could be wrong, but I do feel that the failures in the Ukraine makes Russia a non-player in this game. Merely a column C option and it is there to make sure that those in Column A and B keep their prices down. This make makes it (for me) about half a dozen predictions right on the nose. Not bad in this day and age I reckon.

Enjoy the Weekend

1 Comment

Filed under Finance, Media, Politics

Tagged as , , , , , , , , , , ,

May 21, 2023 · 23:53

The perception of others

This is a case, this is often a case and in this case. I am one of the others. You see the ‘news’ is no longer that, it is often filtered information. Information that is accepted by shareholders, stake holders and advertisers, as such the people are seen and treated more often than not as a distant fourth. This setting came to the forefront when I saw ‘G7 takes stand against China’s “economic coercion”’ (at https://www.bbc.co.uk/news/world-asia-65662720) where we are given “And in not one but two statements, the leaders of the world’s richest democracies made clear to Beijing their stance on divisive issues such as the Indo-Pacific and Taiwan. But the most important part of their message centred on what they called “economic coercion””  Now here we need to pause. These people do not lie (at least I hope they do not), but lets take a look at the evidence. The first is the ‘world’s richest democracies’, these nations are

1. Canada, debt around $ 2,100,000,000,000
2. France, debt around € 3,000,000,000,000
3. Germany, debt around € 2,600,000,000,000
4. Italy, debt around $ 3,000,000,000,000
5. Japan, debt around $ 9,300,000,000,000
6. UK, debt around £ 2,500,000,000,000
7. USA, debt around $ 32,500,000,000,000

Yes, they are really rich (in debt). To give a little consideration “As of April 2023 it costs $460 billion to maintain the debt, which is 13% of the total federal spending” for the US, their interest is $460,000,000,000 to pay for the interest and 13% of the entire budget is to pay for the interest. So all this talk about debt ceilings is close to null and void. Not unlike a Ponzi scheme the US government is taking out new loans to pay for the INTEREST of old loans. When did that ever go good? But that is not what this is about. The next stage is about ‘economic coercion’ something America and others have done for decades. Economic coercion is a political tool that the US pushed all over the middle east, and now that Saudi Arabia and other are pulling their contract with the US and giving options to China it is coercion? I mentioned it a few days ago (at https://lawlordtobe.com/2023/05/19/the-stupidity-of-some/) in ‘The stupidity of some’, I made mention of some elements then and several other articles before that. One should not bite the hands that feeds you and I reckon that is why other players were invited to this party as well (no matter what they say). The US is broke and needs others to do some of the heavy lifting. This is OK, or at least that is why allies stick together, but the bulk is deeply in debt with Canada and Australia in a much better position. Germany had industrial revenues so it is not that bad off either. But this is not bout that, it becomes clear when we see “Now, they worry they are being held hostage. In recent years, Beijing has been unafraid to slap trade sanctions on countries that have displeased them. This includes South Korea, when Seoul installed a US missile defence system, and Australia during a recent period of chilly relations.” They worry? So are they being held hostage, or are they not. Lets be clear all these players have engaged with some form of economic coercion in the past, it is a valid political tool, but now that the shoe is on the other foot, the US is worried. It is losing its grip on the Middle East and as Saudi Arabia is uniting its nations and leagues with the added Syria, Egypt and now optionally Iran as well, the stage changes for the west in the Middle East. China has been invited there now and that worries all players of team G7. You see with them losing 5%-10% revenue to China due to all kinds of reasons they are now scared that someone (the big banks like the Rothschilds) will cancel THEIR credit card and that has them scared silly. I would be to, I really would. This is just a few reasons why I tried to sell my IP to Saudi Arabia and Kingdom Holdings (optionally the UAE too). Amazon and Google were asleep and not caring (perhaps they didn’t like my IP) and Microsoft is not invited to that party and optionally Tencent Technologies is.

You see, the stage, several stages are turning to China as an option. Does China have any less debt? I cannot tell, but they are drilling into new business like nothing we see and that has the G7 scared. 

So when we get to “They called for “de-risking”- a policy that Ms von der Leyen, who is attending the summit, has championed. This is a more moderate version of the US’ idea of “decoupling” from China, where they would talk tougher in diplomacy, diversify trade sources, and protect trade and technology.” We see the larger stage, the ‘west’ will diversify trade sources, so that new and emerging economies can only do business with them if they do not do business with China. Almost like Sony did with retailers in 1998/1999. Those who were showing the SEGA Dreamcast would not be getting the PS2. It scared a lot of retailers because PS2 was a winning system and it did. The same was done much earlier with VHS pushing out Betamax (which was superior). A tool used again and again. Yet the larger stage is not these emerging economies, they are a factor, it is what will Saudi Arabia and the UAE do, they are now aligning the next decade and they were the big spenders all over the place and that setting is now heading for China (not sure if it is a done deal) and in this Egypt is important. With them championing Huawei and their G5, Egypt aligns with Saudi Arabia and a lot of commerce and Egypt then becomes a 5G beachhead all over the mediterranean and Africa. This will benefit China a lot. And as we get to “The US is already doing this with its ban on exports of chips and chip technology to China, which Japan and the Netherlands have joined. The G7 is making clear such efforts would not only continue, but ramp up, despite Beijing’s protestations.” This is the stage that is evolving and it is a dangerous move to make. I get why it is done. In the first I am not stating that China is innocent, I am stating that they all used these tools and the debts are drowning their actions. The danger is that if there are any innovative people in China, they will come with an alternative. I have no idea what, but I recall a nice example. The US created a specific ballpoint pen that could be used in space, they spend millions on that solution somehow and Russia? They used a pencil. We saw the Huawei block by Google and now Huawei is rocking the Harmony OS which is available in 77 languages. It is different from both Google and Apple, so what happens when Harmony becomes the tool of choice in the Middle East? You can ban and block, but the danger is that someone finds another way just like Toshiba in Russia decades ago and there was no alternative, as such Toshiba grew and grew with an entire market where they had no competition. Will it happen again? I am certain of it, when one resource closes people look for another resource, it is a natural continuation. Only really stupid people think that no one can get around them and I wonder what will come next. As such I have issues and the BBC did nothing wrong here, they reported, they used quotes and they adhered to something (not sure what). I am showing you that what is said is not merely dangerous it is deceptive. It these are the richest democratic economies, why is there a 50 trillion dollar debt (actually it is decently higher at present). A debt of 50,000 billion and no one is asking questions. I get it (to some degree) Russia is now a problem, the Ukraine is dealing with it, but it can only do so much. It needs support and I agree they do need it and I believe they deserve all the help we can give them, yet across the waters there is no one dealing with the actual debt, they are merely prolonging a complete collapse that will have too many deep in debt for decades. Retirement plans will collapse, health care will collapse and we will all blame someone, but no one is looking at how we all let this happen and now those with the option will look towards the Middle East (including me), a lot are looking at China as an option and a global brain drain will be the consequence. All settings that the G7 will have to consider, because they all have a lot to lose.

Enjoy the start of Monday up to 12 hours (for some) from now. 

Leave a comment

Filed under Finance, Media, Politics

Tagged as , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,