Tag Archives: CNBC

July 26, 2024 · 04:42

The misaligned cogs

This is a little hard. I just read an article on the Military hacks by North Korea, it doesn’t fit. Let me explain with a little time line.

2012
The Dutch had a press tour in North Korea. The Koreans confiscated temporary their camera’s and the Dutch were howling with laughter, they still had their iPhones and Android equivalents. They kept on filming. The Korean officers had no idea what a smartphone was, as such the Dutch had all the footage.

2014
Sony get hacked and soon thereafter we get all kinds of ‘leaked’ information. In addition within a year (I have no specific date) we get an amalgamated

The FBI later clarified more details of the attacks, attributing them to North Korea by noting that the hackers were “sloppy” with the use of proxy IP addresses that originated from within North Korea. At one point the hackers logged into the Guardians of Peace Facebook account and Sony’s servers without effective concealment. FBI Director James Comey stated that Internet access is tightly controlled within North Korea, and as such, it was unlikely that a third party had hijacked these addresses without allowance from the North Korean government. The National Security Agency assisted the FBI in analysing the attack, specifically in reviewing the malware and tracing its origins; NSA director Admiral Michael S. Rogers agreed with the FBI that the attack originated from North Korea. A disclosed NSA report published by Der Spiegel stated that the agency had become aware of the origins of the hack due to their own cyber-intrusion on North Korea’s network that they had set up in 2010, following concerns of the technology maturation of the country.

The sources were the New York Times, Times magazine, The verge and CNBC. I had issues with the release of information, but my issues were speculative and based on the Dutch field trip to Korea

2017
In ‘The Good, the Bad, and North Korea’ (at https://lawlordtobe.com/2017/09/30/the-good-the-bad-and-north-korea/) I wrote “I got this photo from a CNN source, so the actual age was unknown, yet look at the background, the sheer antiquity that this desktop system represents. In a place where the President of North Korea should be surrounded by high end technology, we see a system that seems to look like an antiquated Lenovo system, unable to properly play games from the previous gaming generation, and that is their high technology?” This is my second opposition. Between 2012 and 2017 they had apparently gained the ability to produce their own smartphone. This is realistic.

2024
Now we get “North Korean hackers have conducted a global cyber espionage campaign to try to steal classified military secrets to support Pyongyang’s banned nuclear weapons programme, the United States, Britain and South Korea said in a joint advisory on Thursday.

The hackers, dubbed Anadriel or APT45 by cybersecurity researchers, have targeted or breached computer systems at a broad variety of defence or engineering firms, including manufacturers of tanks, submarines, naval vessels, fighter aircraft, and missile and radar systems, the advisory said” (at https://www.reuters.com/world/north-korean-hackers-are-stealing-military-secrets-us-allies-say-2024-07-25/).

My issue (still speculation) is two fold. In the first we get to se that the Sony Hack was apparently not North Korea, but the Guardians of peace (the Lazarus group). We see references to “links to” and a small byte that they are “Originally a criminal group”. It is my speculation that these criminal ‘masterminds’ are either Russian or Chinese. They cater to North Korea as it allows them to act freely and I would expect them to share whatever intel they get with North Korea.

Even if these formerly known criminals were behind this setting, the whole picture doesn’t add up. I reckon that we all work at our own speed, however when we see Reuters give us “one elite group of North Korean hackers had successfully breached systems at NPO Mashinostroyeniya, a rocket design bureau based in Reutov, a small town on the outskirts of Moscow.” I do not debunk that setting, but over the timeline I have seen (many might have seen it), it is possible that this last statement is a smokescreen. Was it breached or were the Russians willing to hand over that ‘victory’ to make them sound more of a threat? In addition when we see “The hackers, dubbed Anadriel or APT45 by cybersecurity researchers, have targeted or breached computer systems at a broad variety of defence or engineering firms, including manufacturers of tanks, submarines, naval vessels, fighter aircraft, and missile and radar systems” I mostly worry about the state of cyber security at our own shores. That they get breached by China or Russia is understandable, They are on par in technology with us. North Korea is not. It is like a hacker with an 80282 AT computer, a processor from 1982 coming up to a server with a Xeon processor stating ‘gimme your data’ It is like a swimmer slamming a great white shark with a BB gun. Utterly ineffective. That is merely the hardware, These hackers would have lacked at least a decade of hacking skills. The NSA and GCHQ would be running circles around them. No, I believe that this is another player making North Korea their patsy. 

Now consider that all (or some) of my speculations are wrong. I get that, this is realistically possible, we still get the stage that the time line doesn’t fit. It is like going from an Apricot PC, to an IBM Q System One in a little over 7 years, without the required resources mind you. The other, more realistic, option is that defence and engineering firms have made a booboo and failed their cyber security requirements and now all avenues are racing to hide these facts. 

Can North Korea get to this point? Yes, that is possible, but it seems to me that ‘western’ criminals are using that place to hide their actions and loot whatever they can, whilst they part time hack into places and hand these secrets over to North Korea. OK, I am still speculating. However, remember that building in Russia filled with hackers? Russian forces had to intervene there. It seems to me that these hackers would like another place to work from. It doesn’t make China innocent either. They might have the same issues and these hackers also need a place to work from. In this story, I merely come to the speculated conclusion that the term ‘North Korean Hacker’ is almost an newly seen oxymoron. 

In all this the cogs are not aligned. In 1776 native American Indians got their hands on rifles. It took time to get good with them. In 1877 Satsuma Rebellion, led by Saigo Takamori faced Japanese forces with modern weapons, it took them time to adequately use these weapons. With the complexity of a system the time line expands. The timeline expands even more when excellence of a system is required. As such I feel that these technology skills do not fit the abilities of the North Koreans. But that is merely my point of view.

Have a great Friday, another 150 minutes until I have breakfast.

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August 22, 2023 · 20:51

Turning the pages

This is Aterm we use, sometimes correct, sometimes incorrect and sometimes literal. We all do it and I am no exception. Yesterday I had a detour and the detour kept on going in more and more directions, seeing more and more new ideas based on the old premise and that is not where it ended. In all honesty, part of the ideas flowed from the ideas of John Spilsbury (always look back to old masters when you get stuck) and he was no exception. There were more parts connected to this, but that is for another day. Whilst doing this my mind wandered towards the CBC article ‘Every developer has opted to pay Montreal instead of building affordable housing, under new bylaw’ (at https://www.cbc.ca/news/canada/montreal/developers-pay-out-montreal-bylaw-diverse-metropolis-1.6941008), yes avoiding doing the right thing by paying the fine is the way the greed driven work. In the end it is always about the bottom dollar. I think the best quote comes from Mel Brooks in History of the world part 1 with “Leader of Senate – The Roman Empire: All fellow members of the Roman senate hear me. Shall we continue to build palace after palace for the rich? Or shall we aspire to a more noble purpose and build decent housing for the poor? How does the senate vote? – Entire Senate: Fuck the poor!” This pretty sums up the bulk of all real estate developers. And the picture isn’t pretty. Especially as the (a speculated view) the fines are so low that these developers will continue to ‘Fuck the poor!’. The article gives us “Two years after Valérie Plante’s administration said a new housing bylaw would lead to the construction of 600 new social housing units per year, the city hasn’t seen a single one. The Bylaw for a Diverse Metropolis forces developers to include social, family and, in some places, affordable housing units to any new projects larger than 4,843 square feet” and when you consider the added “Those fees (read: fines) have so far amounted to a total of $24.5 million — not enough to develop a single social housing project, according to housing experts”, as such I see the math as “there have been 150 new projects by private developers, creating a total of 7,100 housing units” giving us a fine of $3380 fine per housing unit and the housing units go well over a million each, sometimes well over 3 million, as such the fine is a joke and it is that yoke that hits Valérie Plante in the face. Now, normally I will not care. I do not live in Montreal, I am not Canadian, but this setting will be copied by developers towards the UK and Australia making their wealth a lot more and gained quicker. As an example I would like to raise the paperback setting of the London Administration with their Powerhouse. So how many became social housing? The answer is laughable and this will run over to Australia as well (perhaps it already has) and these administrations are seemingly a joke. I have been waiting for 10 years for a decent affordable apartment and the waiting list is nowhere in sight at present. So whilst the CBC presents us with “The city of Montreal had promised in 2021 to release the two-year results of the bylaw by early 2023, but hasn’t done so. Ensemble Montréal says it compiled the data itself, using the city’s open data. It is calling for Plante’s administration to disclose what it plans to do with the five new plots and $24.5 million.” As such I have no real hopes that anything will be achieved and I fear that a similar setting will make matters worse in the United Kingdom and Australia. New Zealand has a tight grip on exploding greed, as such they are in a much better position than any of the three others. Even as Australia might be in the least problem of the other two, it does have issues and the UK is in a really bad shape as it is allowing investment groups to buy out complete suburbs at present. CNBC gave us in February ‘Wall Street has purchased hundreds of thousands of single-family homes since the Great Recession. Here’s what that means for rental prices’ and it is not merely the US, as I wrote about it in the past, the UK (London Specifically) is a great way for these players to store their wealth and watch it safely mature, in the end we all need a roof over our heads and the boasted returns for London are too good to pass up and I personally believe that places like Toronto and Vancouver are about to meet those same returns, especially as we see events unfold now in Montreal. So how much longer until these places as well as Sydney are set in a similar stage? I will let you figure it out, but the numbers aren’t looking good if you are in a shifting position of housing. And matters are getting worse. In the last 10 years in Sydney things went from bad to disastrous and I reckon that more cities are on that list of shifting tides. And this amounts for the Commonwealth and the EU metropolitan pressure points. Munich, Amsterdam, Rotterdam, Stockholm, Madrid and Rome being prime examples. Weirdly enough Paris escaped the stage. If Le Monde is to be believed with ‘‘Adapting the existing’: Paris’ plan to reach 40% affordable housing by 2035’ they could be ahead of the curve by a massive amount. I wonder if Australia, Canada and the UK have looked into this as a possible solution. Not sure if it is possible (as I am completely ignorant of building codes in these places) but it is a setting I had not seen before as far as I could tell.

So enjoy the week and consider your rent, and how much it could go up this year when it is owned by a Wall Street player, a fearful page turner is ever there was one.

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June 18, 2023 · 04:15

More Crypto shit

Yup, it is all about the digital manure as some would say. This all started last night when the BBC  gave me (at https://www.bbc.co.uk/news/business-65935263) ‘Binance exits Netherlands and faces France probe’. This sounded strange because exiting one nation in the EU sounds pointless to me, so what was going on? The article gives us “It follows the announcement of the company’s departure from the Netherlands after it failed to obtain a licence from the Dutch central bank.” OK, no biggie. It was “In a statement Binance confirmed French authorities visited its offices last week and will comply accordingly. “We had an on-site visit last week by the relevant authorities. Binance, as always, was fully collaborative and we met our obligations accordingly. We continue to work closely with regulators and law enforcement agencies on all ongoing compliance requirements to uphold high standards,” a company spokesperson said.” Still, not an issue (at present) but the BBC article had me piqued, as such I started to make a search for Binance and the issues started to rise. In order of timeline, I got (at https://www.cnbc.com/2023/06/16/binance-france-chief-brushed-off-concerns-days-before-police-visit.html) an article by CNBC, where we see ‘Binance France chief brushed off concerns days before police visit’, which sounds like a nice party-line, but I am not buying it. You see “the crypto exchange’s top French executive dismissed concerns about U.S. regulatory charges affecting Binance’s other operations, comparing them with the flapping of a butterfly’s wings.” Is that so? You see yesterday’s news was not wholly interesting, yet only hours ago (at https://www.forbes.com/sites/digital-assets/2023/06/17/binance-escapes-asset-freeze-in-exchange-for-a-raft-of-restrictions/) we see ‘Binance Escapes Asset Freeze In Exchange For A Raft Of Restrictions’ with the added text “The U.S. subsidiary of cryptocurrency exchange Binance has avoided an asset freeze that would have made it impossible to do business, but it has agreed to burdensome terms to keep operating during a civil case brought by the Securities and Exchange Commission that charged the company with evading “critical regulatory oversight.”” We now have a party. So where is that Hudie flapping? If they are referring to the SEC, it is not a butterfly, but a dragonfly hungry for substance. And lets be clear, all these accusations do not make for an issue. The SEC accuses people all the time (more often than not justified), it is the combination of the Dutch, the French and the American SEC that gives light to something going on. You see, we can make assumptions and I would too. It is “Given that Changpeng Zhao and Binance have control of the platforms’ customers’ assets and have been able to commingle customer assets or divert customer assets as they please, as we have alleged, these prohibitions are essential to protecting investor assets.” That sounds familiar. It gets too close to Sam Bankman-Fried and the FTX. As such was there an issue, or was the SEC scared it had another issue potentially coming up? I cannot tell as I do not have all the numbers and data, but I was surprised that I saw in seconds hat none of the media seemed to have. Even with all the speculations, no one seems to be on that horse. I might be all wrong, but there is too much in common to ignore it. Even if it is only to follow through and find that this was NOT the case. That is what I would have done and no Fox with their wannabe dictator statements comes anywhere close to this. So what gives?

Well, the Federal case against Sam Bankman-Fried with “Federal prosecutors in New York said they would drop several criminal charges, at least for now, against disgraced crypto executive Sam Bankman-Fried if the judge agrees to try him later on those charges.” (Source: ABC) is losing momentum, as such they aren’t willing to fail twice in a row, it makes them look bad. 

Yet is that the case? It is from my point of view and I am not disagreeing with CNBC who gives us “Prinçay insisted Binance’s US assets were separated from the international exchange, an assertion also made by the exchange’s legal team. The U.S. Securities and Exchange Commission, which charged Binance last week with 13 securities charges, disagrees, arguing that Binance user funds are at “significant risk” of flight due to founder Changpeng Zhao’s alleged ownership of an interlocking set of Binance-related companies.” But there are cogs within cogs and as I do not comprehend the machine, I will give different values to some cogs of that machine. The fact that the media isn’t looking too hard gives me the idea that they do not comprehend that machine either. So is there an issue with Binance? I think there is, but I cannot tell whether anything illegal or any criminal issues are actually in play, that matters as we are nations of laws and the law sets out what is to be and what is not to be done. 

The issue becomes larger when you consider Forbes giving us “In a June 6 motion asking the federal court for the District of Columbia to freeze the American subsidiary’s funds, the SEC said it was seeking to ensure the safety of customer assets at the U.S. operations given the companies’ “years of violative conduct, disregard of the laws of the United States, evasion of regulatory oversight, and open questions about various financial transfers and the custody and control of Customer Assets.”” And this is where the party (which I mentioned) started. You see the CNBC article is less than 24 hours old and Forbes mentions events from June 6th, that means that CNBC should have been on the ball and they apparently are not. In addition we see ‘years of violative conduct’ which is a BS argument. If there were violation it becomes criminal and they should not be in business at all, if not it is posturing which goes nowhere opting a movement from Binance to seek compensation for lost business, all in all some parties are not aware what the hell is going on (including me). I understand and accept that the SEC does not do things lightly, but is that because the US is broke? Or is that because they do not have a firm grip on the Crypto laws and settings on what is valid (read: legally allowed)? Your guess is as good as mine. What mattered to me is that the Dutch Central Bank refused licences and that counts, it implies that whatever Binance is doing is not all on the up and up (my speculated view) and the French visits are supporting that. Yet the media should have ben on top of this since June 6th and some were, but the rest were not. They are too busy calling an elected president a wannabe dictator. This is what the media has come to. For whose benefit? You tell me.

I will keep a lookout on this, just as I am on that FTX Bankman-Fired person, who is now facing two court cases. So, what’s next? Well, I will snore deep into the final part of the weekend, tht’s is how I roll this weekend.

Enjoy.

 

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December 20, 2022 · 23:26

The murky river

The mind can get murky and this case it is me. I do not believe it is the case, but I must be willing to consider that THIS time around, I could be wrong. It all started when CNBC (at https://www.cnbc.com/2022/12/19/meta-could-face-11point8-billion-fine-as-eu-charges-it-with-antitrust-breach.html) gave me ‘Meta could face $11.8 billion fine as EU charges tech giant with breaching antitrust rules’, now to be clear, even for the legally trained mind (mine) anti-trust cases are a nightmare from start to finish. So here goes! 

“The European Commission, the EU’s executive arm, said that it found Meta breached EU antitrust rules by distorting competition in the markets for online classified ads. The Commission took issue with Meta’s pairing of the Facebook Marketplace service, which lets users list items for sale, with its personal social network, Facebook.” My issues is ‘Are you f’ing nuts?’ Facebook is a free service, it makes income by selling ads, what is wrong with that? With the added “Furthermore, we are concerned that Meta imposed unfair trading conditions, allowing it to use of data on competing online classified ad services”, now lets be clear, I do not have the highest regard for Danes to begin with, but two things will happen if this fine becomes a reality. In the first I will demand that Coca Cola will it its premises be forced to sell Pepsi Cola on that same term, Pepsi Cola will have to sell Coca Cola on their turf, as such Coca Cola might win, but this is about the form. In the second she would need to get her chest into gear and make sure that EVERY Danish supermarket has Danish AND Swedish mineral water. The EU would not act when Microsoft destroyed Netscape, now that it has no place to go, it starts to cry to the EU, but this is not merely Microsoft. This is the EU trying to find ways to spice their pockets. I will make it my mission in life to evangelise the need to anti trust cases all over Denmark and the EU. All with a slightly personal nature. 

It might not have acted in the case of Google and Meta, but that leaves them with an additional avenue which knocks on the door of Amazon (yet again). Anti-trust is a complex setting, it is also a setting that is based on stages that are decades old. So when we consider “EU Antitrust policy is developed from Articles 101 and 102 of the Treaty on the Functioning of the European Union (TFEU). Article 101 prohibits anti-competitive agreements between two or more independent market operators.” And I wonder how far this goes. Yet it was Yahoo! Finance that gave me a handle. It is “Our preliminary concern is that Meta ties its dominant social network Facebook to its online classified ad services called Facebook Marketplace. This means that users of Facebook automatically have access to Facebook Marketplace, whether they want it or not.”

In the first, Facebook gives a free service because they sell advertisement, that is still a factor. The second part is that if you seek Google, you can find several other advertisers. Yes they have a disadvantage because THEY HAVE NO CASH and Meta has billions. Still there are issues, but the largest one is that I want to see who gave the complaint. It is time to see what kind of wanker the EU works for. Facebook (now Meta) created a system, they offer it for free as they sell ads, this was in play for over a decade. In the same thing that Google Ads was the place for those who wanted to specify where they were. They were the visionaries, the leeching rest (like Microsoft and their Bing) missed the train because they thought they were clever. They were not. Now, I am not the greatest ally of Facebook, but fair is fair, they brought a system no one saw coming. And now they are screaming ‘foul play’ because the viagra managers forgot that whilst they were having their fun, others create new borders (like TikTok), or as a comedian would say ‘Content Homo Erectus got eaten before injecting its DNA’, for me it is a split case. This system is open to interpretation, it is open to outdated laws and inadequate CEO’s, COO’s and more of that trash. My Evidence? I placed in Public Domain IP worth over 20 billion a year. And when my first 5G device is released (encrypted) on 4chan the game changes even more.

It shows the wannabe’s how far they were off target, and my happy moment? Google and Amazon were both in the dark for part one, how much more they are missing? I have no idea and I do not care, at the end of my life I will end with the last laugh, because they cannot overcome public domain. 

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November 2, 2022 · 17:43

And you still want cake?

A few hours ago I was alerted to an article on the BBC site. The article (at https://www.bbc.co.uk/news/business-63260648) gives us ‘Cyber-attacks on small firms: The US economy’s ‘Achilles heel’?’ In itself no real surprise, but then I saw “It was a total head-in-the-sand situation. ‘It’s not going to happen to me. I’m too small.’ That was the overwhelming message that I was hearing five years ago,” says Ms Graham, co-founder of CYDEF, which is based in Canada. “But yes, it is happening.” There we see the first instance of utter stupidity, a setting where insurance companies go ‘well, I am sorry to report that it is on your dime that this is happening’ and that is not a speculation, this is about to happen. In addition to that the insurance against cyber attacks will skyrocket unless you have state of the art equipment (something small businesses cannot afford). A stage that is waiting exploitation. There are all kinds of speculations. One of them is “Cyber-crimes are expected to cost the world $10.5tn (£9.3tn) by 2025, according to cyber-security research firm Cyber Ventures”, I do not completely agree, for the most I do, but the big bucks are depending on national 5G, which is not happening in many nations before 2027. You see, one source gives us “For example, in November 2020, one cybersecurity company estimated that global cybercrime costs will grow by 15 percent per year over the next five years, reaching US$10.5t annually by 2025, up from US$3t in 2015 (Cision 2020)” they are seemingly ALL quoting the same source and that source is Cyber Ventures. That does not make it incorrect, yet I have reservations. That number is completely acceptable under 5G, under other conditions (when big tech do not screw up and hand over the keys to hackers) should not go that fast (yet), but when 5G, a national 5G stage is there this number will increase swimmingly all over the globe, which is why I shouted for law adjustments well over two years ago, but the law is seemingly sitting on their hands, all about ‘letting all parties’ swim in the large all whilst the swimming pool has close to zero protection, so this will get worse a lot faster and the EU will see plenty of drowners (aka floaters) soon enough. My speculative view is that the larger problems are a mere 6 months away. 

Then we are given “The pandemic created a whole new set of challenges and small businesses weren’t prepared,” says Mary Ellen Seale, chief executive of the National Cybersecurity Society, a non-profit that helps small businesses create cyber-security plans. In March 2020, at the cusp of the pandemic, a survey of small businesses by broadcaster CNBC found that only 20% planned to invest in cyber-protection.” This sounds nice, but I wonder what we will see in 2023. I expect that it is then that we will learn that less than 40% of these 20% will have actually done something and that is when a lot of people (insurance especially) realise that this is about to become a sinking ship. There was clear indication in 2010 that setting up cyber security was essential in players a little larger than SBE sized companies. They had issues too, but the revenue was too small. The problem is that clever hackers do not grab the whole enchilada. With “It typically takes 200 days from the moment of the hacking until discovery” we see the pattern. The clever ones will hit places for about 150 days then they go underground. That gives them enough to live like a king for a decade. They stay under the fold, they stay inconspicuous for as long as they can. They book a weekend in Vegas and then they launder what they had going home with $5-$15 million. The caper has worked and they are in the clear. Yet these same clever people can clear $50-$150 million when they get access to a fully deployed 5G network and the BS argument of “We will have a solution before that” does not fly, that excuse is a decade old and they have no adjusted laws, there is no adjusted technology and whatever the NSA has is not shared. So as you can see, the numbers are not entirely in the air (the Cyber Ventures one) but it will rely on a fully deployed 5G network which should be around 2027. 

It is time that ALL businesses take cyber security serious. The moment that there is no insurance for that these Achilles heel companies go under with no options for the owner, that person will have lost everything. So when Kirsten Dunst stated ‘Let them eat cake’ (Marie Antoinette) she stated a good case for Cyber criminals. They are having cake every day and those not using Common Cyber Sense will be paying for that meal day after day after month after month after year (you get the idea). It was essential to properly adjust laws for that. And when we look at the data from April we get “according to industry data only four to five percent of hackers are actually caught, but high-profile cases showcase how even the most skilled can make simple mistakes which lead to them being apprehended” so between one in twenty to one in twenty five gets caught. Do you really want to hope on that statistic? This is not a pun against law enforcement or the FBI, they are in a fight with both hands tied behind their backs. Not a good position to win a fight. And that is before we look at state funded hackers. Lets be clear both Russia and China have every benefit for American and European business to lose way too much, proving that part is close to impossible. These players are almost never caught. The arrest by the FSB of REvil was a rare instance, but not all was lost. At https://www.bleepingcomputer.com/news/security/ransom-cartel-linked-to-notorious-revil-ransomware-operation/ we learn “Researchers have linked the relatively new Ransom Cartel ransomware operation with the notorious REvil gang based on code similarities in both operations’ encryptors” and that was two weeks ago. At present with Russians not being able to wage war against an enemy that is at best 15% of their own army gives rise that the people behind REvil will be out and about soon enough (if they aren’t already). 

So those who want cake, better find a place to enjoy it before the hackers get it all and I will not care. I have been clearly evangelising the essential need for Common Cyber Sense for years now. And if Optus Australia is anything to go by there are plenty of big fish not too interested in that approach.

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March 5, 2022 · 05:46

Where are we heading?

That is the stage we comment on and most comment on events in Europe, most would and that is not bad. But something happened in Lebanon that got my attention (something is always happening there). You see, many might have noticed ‘UAE set to be put on money laundering watchdog’s ‘grey list,’ report says’ (source: CNBC), we are given quotes like “The Financial Action Task Force, an intergovernmental organisation dedicated to combatting money laundering and illicit cash flows, is set to put the United Arab Emirates on its “grey list” over concerns that the Gulf country isn’t sufficiently stemming illegal financial activities”, now I am not debating it, it might be true, it might not. I cannot lay claims to events I have no data on. But whilst we see that, Reuters also gives us (at https://www.reuters.com/business/finance/lebanese-bank-closes-over-30-british-held-accounts-after-uk-ruling-depositors-2022-03-04/) ‘Lebanese bank closes over 30 British-held accounts after UK ruling-depositors’ group’. There we see “A Bank Audi official told Reuters the bank was “asking that the UK residents apply the terms applicable to anyone opening a new account: no international transfers, no cash withdrawals””, so just to help me out. You create a bank account and you are not allowed to withdraw cash? How does that make the bank a bank? And we also get “More than $100 billion remains stuck in a banking system paralysed since 2019, when the economy collapsed due to decades of unsustainable state spending, corruption and waste”, as such my question becomes what on earth is the Financial Action Task Force doing monitoring banks? First Credit Suisse, through state sponsored hacking and now we see Bank Audi. Two elements showing a massive cash stage running into the hundreds of billions. So what the hell is the Financial Action Task Force doing? Why are they not investigating banks? We see the mention of Switzerland, the United Arab Emirates, the mention of nations, not banks. Banks are seemingly flying below the radar and we see an alleged flaccid response from action groups. Oh and it would be nice to see specifics. Not some journo’s BS approach towards emotional garbage. I discussed this in ‘The presumption is mine’ (at https://lawlordtobe.com/2022/02/21/the-presumption-is-mine/) where I wrote “so all that space on what amounts to 0.03% of the entire amount. Just like the ICIJ, shortsighted and a waste of time. So we get repeated invitations to explain 0.03% of what is such a massive leak? Is anyone waking up yet?”, now if the FATF did its job and also gives us why the UAE needs to be on a grey list and NOT the bank it becomes a different story, optionally an acceptable one. That same setting applies to Switzerland, home to 242 banks and Credit Suisse. Oh, and before I forget the data leak never explained (it never will) why such harsh methods needs to be applied to the other 242 banks. No one ever asked that question, not other authorities, not the wannabe journalists either. Is that not weird too?

We need to see where we are going and what games certain parties are playing. I saw the Credit Suisse for nothing but a simple fishing expedition. A chumming exercise by the NSA (most likely culprit) to get some of the fish out there. And no one saw that? I am clever, but I am not that clever (compared to self proclaimed clever people), which (as I personally see it) implies orchestration. 

Am I right, am I wrong? I also ask that question from myself. The Switzerland setting alerted me to weirdness of it all, the UAE draws the setting to the surface. The UAE and its 20 local and 30 foreign banks. Yes that is also the case, so the FATF better come with a very good and very large folder with evidence on a whole range of banks. And before you think the UAE does nothing, we saw a week ago “The government confiscated assets worth $625m last year.” As such I hope that the FATF can prove its setting of “concerns that the Gulf country isn’t sufficiently stemming illegal financial activities” it seems that the UAE has proven activities, so is the FATF merely blowing its own horn? Perhaps it needs to look into the Audi bank and a few other banks too and several of them are not in Switzerland or the UAE. When we see quotes like “About $227.8 million money laundering in USA in 2020 according to our calculation that based 2020 Money Laundering Offense Report”, so how much did the US confiscate? Just asking.

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January 12, 2022 · 22:43

Commencing Crazy

This all started before ‘Call for change!’ Which I wrote on October 25th 2021 (at https://lawlordtobe.com/2021/10/25/call-for-change/), I saw the numbers and the idiocy of non-vaccination. I do not care what they call it, it is their life, but in that it is their life and they also need to accept the consequences. So as I wrote “The first port is that anti-vaxxers and those not vaccinated with a good provable reason will have to pay UPFRONT for any hospital admittance for COVID. So there are no stories about “Anti-vaxxer Kristen Lowery”, or those radio hosts and stories on how sorry they were lying in a comfortable hospital bed. They can tough it out at home and optionally die there.” I saw a station we were all heading to and today (11 hours ago) the BBC gives us ‘Quebec to impose health tax on unvaccinated Canadians’, the story (at https://www.bbc.com/news/world-us-canada-59960689) is not the first one, others have reported on similar settings, we also see some of these facts here. Singapore took my advice (seemingly) which requires Covid patients to pay for their own medical bills if they are not vaccinated. Greece imposes a fine and others will follow, when their national health care systems collapse due to those non vaccinated, this is a result and it was always heading this way. I do like the response that Premier Francois Legault gives. He states “I think right now it’s a question of fairness for the 90% of the population who made some sacrifices,” Mr Legault said. “I think we owe them this kind of measure” and I agree with him. Even as some news agencies are hiding behind positive flames like ‘Omicron may be set for rapid dip in US, UK’, I merely wonder how stupid these people are. They are (clinically speaking) telling a truth, but behind that facade we see numbers that globally went from 1.7M cases on January 1st to 2.4M cases on January 9th, All whilst the cases were 50% to 65% lower a week before. This is not going away soon or quietly. It has become a numbers game and in that game the numbers are overwhelming a stretched health care system on a global stage. All this whilst one source gave us 20 hours ago ‘Intensive care doctor reveals EVERY critically ill Covid patient being treated at his hospital is unvaccinated’, that is the reality and it is not the vaccinated people who are the larger danger, they do get sick but their symptoms are seemingly mild to really mild. And in the UK with so many unvaccinated people the dip as some might call it will not matter, a lot of them will die (which brings down housing prices), so there will always be a silver lining. Just not the one the media or anti-vaxxers rely on. And still the the issue is not as good as you think it is. The numbers from India with 1.3B people does not add up, so there will be a lot more coming all our ways. So whilst CNBC gives us ‘U.S. sets fresh records for Covid hospitalisations and cases with 1.5 million new infections’ today, we see the need to vet the journo’s who give us ‘Omicron may be set for rapid dip in US, UK’, as the data show us it was not directly a lie, yet the underlying issues we are already seeing, the people catering to that article are out of their minds. And in all this I reckon that the US and UK will soon follow the path Canada is taking and it will happen to people who cannot afford to pay, so they are denied access to hospital health care. It is one way to cull the herd, but it is not one that comes from choice, it is one grown through necessity and that is a much harder lesson to face. When the systems buckle, when the systems that gave us the protection we expected, when they collapse the real crazy starts and it will be some sight to behold, that much is an absolute given. 

So, as I personally see it. Things are about to get worse and it will come with populist claims, it will come with the blame game and when the reality pulls through and we say the unvaccinated people do not get a voice in all this, that is when matters get worse fast. People are all about complaining and not about taking responsibility of their acts and their life. It is the nanny state on steroids and now we will see just how strong the nanny state vibe will be in several nations. I reckon the next two weeks will be decently exciting ones.

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December 17, 2021 · 22:24

The media as enforcer

It is a thought, it is my thought and I wonder if there is enough that I am correct? You see, most people are crying foul, blaming rich people. Making noises on the need to tax the rich and the media is helping out. That is the operative part, the media is helping out. To show you just how far they go, let’s take a little trip.

Search by Google
When you search for ‘Charles P. Rettig’ you see two results. One by LGBTQ Nation, one by Mondaq. Consider the following parts
1. Charles P. Rettig is the Commissioner of the IRS.
2. Taxes are on the plate of responsibility of the IRS.
3. The media has nothing to report on the IRS? They are merely all flaming the tax the rich part?

Looking at the media
The BBC gives us another flame article on how ‘How billionaires pay less tax than you’, yet no one is looking at the simple fact that people like Elon Musk, Jeff Bezos and other billionaires are doing what they are allowed to do, and it is not “special strategies to avoid paying income tax, say experts”, it is “Merely paying what Tax laws and tax codes are telling people how much to pay”. A setting that comes from the office of Charles P. Rettig, the people who were there before him like John Koskinen, Daniel Werfel, Steven T. Miller, Douglas Shulman, Linda Stiff, and Mark Everson a collection of people that were there for almost 20 years when nothing was done to overhaul taxes, and the media is not reporting on it, is it not news or is it part of the filtered information that some people do not want you to have. Yes, I am focussing here on the US, yet the mess in the EU is not better, it is actually worse as they got well over 20 nations to do NOTHING!

I am not stating that Elon Bezos and Jeff Musk are innocent (or was that the other way round?), I am stating. I am saying that they use tax laws as they are ALLOWED to be used, in black letter setting (meaning: literal interpretation) all whilst the media is shouting about the spirit of the law, the spirit of the law is not in writing, in writing we find “A tax code is a federal government document, usually numbering thousands of pages, that details the rules individuals and businesses must follow in remitting a percentage of their incomes to the federal or state government”, yes, and then the politicians added tax codes, exclusions, tax write-offs and that results in people like the ones we see mentioned as well as the Koch Family ($113,000,000,000), the Walton family ($220,000,000,000) and the Mars family (not the planet) with $127,000,000,000 we do not see these names do we? Just like Charles P. Rettig we see very little on them, we see houses bought and sold and two weeks ago we see ‘Influential Koch network rocked by an alleged affair scandal, donor departures and a discrimination lawsuit’ and I only see the CNBC mention, the other papers seemingly left it alone, why is that?

So whilst we see all flames we do not see anyone (including media) invoking the need to overhaul tax laws, no one seems interested in the essential step that is required. 

More important, no one in media is taking that step either, why is that? You still think that they are free to speak their journalistic minds, or does the hierarchy of Shareholders, stake holders, advertisers starts making sense. To realise that you the reader are a mere 4th place in any media source, how does that feel?

It is not a setting where the rich pay less, it is a setting that non-overhauled tax laws benefits the rich more and this is not semantics, consider that CNBC gave you “So if you want to find a way to lower your taxes like the rich do, it could be a good idea to meet with a financial advisor or CPA”, for a really rich person a CPA ($119,000 annual) is nothing, and they KNOW what tax laws are there to aid and which ones are not. And it was simple, it has been for decades and no one seems to focus on that part, they merely advertise the scream ‘Tax the Rich’ which is funny, because it goes nowhere and gets people nothing and when you realise that the taxation laws were the problem for decades, when will you see that the politicians and their IRS commissioners were part of the problem and never any part of the solution the USA desperately needs. So whilst the news is all about ‘Biden signs legislation raising US debt limit, averts potential default’, now consider your own situation. How much upgrades can you get on your credit card until is gets blocked, banned and retracted? How many upgrades can you get until you show more income? That is the stage; that is also why tax laws need overhaul. It is not names like Jeff Bezos and Elon Musk, it is the stage that the USA has according to some sources 614 billionaires. You still think that there is no gain in overhauling tax laws? Oh, and when we look at those with a value that tops $100,000,000 you get to a number of people that is slightly surpasses 5000. When you consider all this, do you think it makes sense that the media has zero interest in people like Charles P. Rettig? Consider that he should be in the targeting view of EVERY American media outlet, but he is not, why is that you think?

I am starting to believe that the media is nothing more than an enforcer that uses the old premise of panem et circenses, a stage introduced by the poet Juvenal. Decimus Junius Juvenalis (his original name) was around in the age of Nero and Galba and a whole lot of other emperors, including the year when they had 4 of them (it is a hazardous job). A stage we see now exploited by media, politicians and rich people. Making us all watch where they want us to look, not where we need to look and the US (EU too) is running out of time. When the US defaults, what do you think will happen to the Yen and the Euro? So when you get angry at Jeff Bezos, wonder why the media is so focussed on giving him the limelight and they are actively avoiding the limelight on a whole group of 614 equally filthy rich as Jeff Ross (sorry the other comedian) Jeff Bezos and we do not see their names, not ANYWHERE, why is that? Consider that for a moment before you start shouting ‘Tax the rich’. Let’s be clear I have nothing against taxing rich people, but that is what tax laws are for, to tax all 5000 of them, not the three overly mentioned in media and there is the rub, that is where the media needs to ask people like Charles P. Rettig and the tax laws makers behind him very serious questions, but the media is not doing that. Why is that?

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December 8, 2021 · 20:43

Somewhat connected news

Yes, news has two options, it is either connected or it is not. This sounds silly, there are plenty of news articles with no connection at all, but what happens when there is a link (to some degree)?

It is that setting we regularly face. I actually wanted to link in Reuters news, but they screwed up their system, there is no replacement for competency and Reuters seemingly lost that. But to some degree there is a larger stage. CNBC gives us ‘U.S. to release oil from reserves in coordination with other countries to lower gas prices’ yes that is a setting we get, but the article at Reuters, which is now beyond reach is alerting us to market volatility, that is a setting we get. Yes we see all kinds of voices to state that we have to let go of fossil fuels and I get that, it makes sense. Yet we now get “The U.S. will release 50 million barrels of crude from the Strategic Petroleum Reserve, the White House said Tuesday”, this sounds great, but consider that this represents a little under 10% of that reserve. So what happens when the reserves are gone? So when we see “part of a global effort by energy-consuming nations to calm 2021′s rapid rise in fuel prices” we all tend to see a good thing, and it is for the most a good thing. The issue that Reuters cannot give us is that there are larger concerns. These oil executives are right, even though they are in part buttering their own bread, the reality is that the need for fossil fuels is so in our systems, the need will remain for at least a decade, a decade we actually do not have, but COVID could kill over 22.8% and solve the issue for us. 

You see, if you want to debate that and oppose that, that is fine. To these people I say ‘Drop the use of your car and your furnace for a month, just one month and you will be right’, that is a lot harder to do is it? How many can go without your car, your motorcycle, and your oil based heaters? You might think that you are in an apartment building, so it does not hit you, but your entire building has a heater, shut that down for a month and see where you are then. These two alone will result in the ‘Yes, I will, I just have to’ group. They cannot leave their car alone, it is part of them and that is fine, but you cannot have it both ways. 

I think it is a decently wise move to sell from the reserves now, but there is only so much reserves and this will not go away, so when we realise that, oil will go from $87 a barrel to $154 a barrel in a hurry and there is a second thought, that market will be a lot more volatile when the reserves are gone. And that is before people realise that agreements when dropped tend to be more expensive once they pick them up again, because that is most likely the result of enduring volatility. The US is not alone in this, but in this case their setting is important. You see, France became part of this. We can say it serves the US right for messing with their submarines, or we can look at the larger station. The news ‘France signs $18B weapons deal with UAE’ (at https://www.defensenews.com/global/mideast-africa/2021/12/03/france-signs-18b-weapons-deal-with-uae/), which replaces the Reuters news, for competency reasons, is one that shows us “The UAE is buying 80 upgraded Rafale fighters in a deal the French Armed Forces Ministry said is worth €16 billion (U.S. $18 billion) and represents the largest-ever French weapons contract for export. It also announced a deal with the UAE to sell 12 Airbus-built combat helicopters”, I am honestly happy for France (even though I lose out of 3.75% commission now), but the larger stage is that the US loses the anticipated $18,000,000,000 as well. And it is not that they didn’t need it with debt ceilings, resource shortages and contracts they might lose after that. And this links to it as others (Saudi Arabia) will also consider alternatives. So when you see this in the light of ‘the sector’s largest 25 companies totalled US$361 billion in 2019, 8.5 per cent more than in 2018’ (source: Sipri) a setting where the shift in the top 25 will shift to other players in that list, the US economy would take a massive hit in 2023-2024 I reckon, a setting that they could have avoided and the senate issues next week are important. When they are cancelled, take notice of ALL the senators who opposed them, you see they will give you some BS human rights setting, and that is fine. But the consequence is that Americans will face larger and harder heating bills and fuel prices. And then there is the setting that Rand Paul (Kentucky), Mike Lee (Utah) and Bernie Sanders (Vermont) leave you with, not the setting of “argued earlier on Tuesday that Saudi Arabia’s role in Yemen’s civil war, including an air and naval blockade of Yemen, “is an abomination.”” What they (intentionally) forget to mention is that the Houthis are the aggressors and they get direct support from Iran, and to some degree Hezbollah too. A stage that the people do not get to see, the media is making sure of that, or at least their stakeholders are. 

And it will fuel the fuel prices. You see the US needs these funds to pay debts and to get a smooth quality of life result in the US, when that falls away settings that I have stated over the last few weeks will hit US citizens hard, much harder then ever before with dwindling sources of revenue. 

And the jester from Kentucky adds to this with ““For years now, ships that would otherwise carry food, fuel, and medicine are turned away by the Saudi-led coalition, depriving the Yemeni people of the necessities to sustain civilisation,” Paul wrote in an op-ed published in The American Conservative” Yet when we see “Three-way talks between the Houthi rebels, the UN-recognised government of Yemen and the UN have foundered, despite repeated warnings, including at the UN security council, of the impact if the tanker explodes, breaks up or starts leaking. UN officials have been unable to secure guarantees to maintain the vessel, including its rotting hull, which is now overseen by a crew of just seven”, I am giving you another part, yes, there is a blockade by the Kingdom of Saudi Arabia, yet the setting is that too many goods will end up in Houthi hands and it is something that US intelligence operations know as well, it is a dirty mess down there (not part of this conversation). 

The stages are fossil fuels and revenue. The US needs both, and as the reserves are now tapped, the US will desperately need revenue, a setting that is diminished by some of the players. Not merely the stage of lost revenue, the stage of catering to Iran is a much larger problem. 

So the articles are merely casually linked, or perhaps more correctly stated ‘seemingly casually linked’, seemingly is a much larger word in that equation and it is ‘hindered’ by my personal view, yet I have shown (way too often) that I tend to be correct in that setting. So enjoy the future people in the US (EU too) will face. When the reserves run dry (no exact date can be given), the loud Ka-Ching sound in the sky will be the start of your energy and fuel prices going up by 20%-30% again and again, I personally believe that it will take a few more months after that months until the previous maximum of June 2008 at $156.85 per barrel will be reached, but after that the sky will be the limit for those selling fossil fuels. You did realise that, did you not?

So when you consider that over the last year energy prices have gone up by almost 50% (in the US), consider where it ends as revenue goes down further, consider how much reserves would be needed to address just the last year price hike and the price hike seen over the next 12 months. I reckon that the reserves will end up getting tapped by well over 10%, and I have no idea how long that will stop the price hikes, there is too much data missing and those who have that data are not lining up to share it with the world, let alone little old me.

So the stage of somewhat connected news is set to raise the bar on several fields. And for people to feel the need to stop Saudi arms sales, I get it. I would feel the same way if I was given such a one sided story by the media, but I learned to look to a much larger station (and a lot more sources). Yet with all the COVID protestors help will come from an unconsidered option, we merely need to lose 32% of the population to halt fuel price hikes, stop pollution settings and reduce the carbon footprint by enough, as well as food shortage that will come next. 

Yet I feel certain that plenty of people will disagree. 

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October 10, 2021 · 19:46

Choices that some make

We all have this. We make choices and that is not against anyone (or anything for that matter). So I was a bit on the fence when I saw ‘Frances Haugen takes on Facebook: the making of a modern US hero’ (at https://www.theguardian.com/technology/2021/oct/10/frances-haugen-takes-on-facebook-the-making-of-a-modern-us-hero). First off, let’s start by saying I have nothing against Frances Haugen or her point of view. I do find the setting ‘the making of a modern US hero’ debatable. I feel certain that it was not her setting to become a hero or to see heroism. It is the paint stage that the massively less than credible media is taking. If big tech was not under attack the media would most likely have been more moderate in their colours of painting brushes. 

We get told “The 37-year-old logged out of Facebook’s company network for the last time in May and last week was being publicly lauded a “21st-century American hero” on Washington’s Capitol Hill” yet where was the media these last three years? Collecting Facebook advertising money I reckon. So when we are given “I believe Facebook’s products harm children, stoke division and weaken our democracy” I do not disagree, I have no data to disagree, but the media had that, they have had a clear picture for years, but for the media flaming creates emotion, it create click bitches and it generates digital advertisement income. But Facebook was an eager tool for a long time and you do not bite the hand that feeds you and the media has shown itself very protective of ANY hand that feeds them. If there is one part I disagree with (to some extent) then it is “She repeatedly referred to the company choosing growth and profit over safety and warned that Facebook and Instagram’s algorithms – which tailor the content that a user sees – were causing harm”, it is the “which tailor the content that a user sees – were causing harm” part I cannot completely agree with. I do believe that Frances Haugen is sincere in her approach, but ‘causing harm’ requires evidence, evidence that is a lot harder to obtain. Perhaps that was given, and I did not look at all the documents, but there is a stage, optionally two. The first is “choosing growth and profit over safety”, that seems clear, the entire emotional flames might be part of that, yet there is a stage of “choosing growth and profit over increased safety”, it seems like a small step, yet the stage is proving that it was all against “profit over decreased safety” that matters. We create safety, or we stop increased safety, none of that is on Facebook, only if a clear view of “profit over decreased safety” is shown Facebook will have a larger problem. You see, no matter how we point the fingers on ‘flaming’ in the end it is the view of the less than articulate person lacking a decent education and the US is so protective of its First Amendment, that nothing goes anywhere. The Media has been using that stick to slap donkeys, horses, dogs and people for decades. In this I have some issues with Democrat Senator Ed Markey (D-MA), when we are given   “Facebook is like big tobacco, enticing young kids with that first cigarette,” said Senator Markey at the hearing. “Congress will be taking action. We will not allow your company to harm our children and our families and our democracy, any longer.” I cannot completely disagree, yet in the 70’s and 80’s there was clear evidence on Big Tobacco, but the US government and corporations had no issues taxing and grabbing marketing dollars wherever they could. (Example at https://www.youtube.com/watch?v=7Vg_QVAEJtg) If Facebook is just as bad, you should have had years of evidence and I believe you had it but these political big wigs were unwilling to act. A model based on selling advertisements that brought in billions, what was there not to love and for the most the media loved it too. So I am not arguing with the views that Frances Haugen is bringing, it is the views of those heralding her now. And too many of them should be seriously afraid. When hackers and others start looking into data and the timeline of decisions a few people in the Senate, Congress and a few other players will sweat drops of death. 

And my view? Well CNBC did that work with ‘Facebook spent more on lobbying than any other Big Tech company in 2020’ (at https://www.cnbc.com/2021/01/22/facebook-spent-more-on-lobbying-than-any-other-big-tech-company-in-2020.html) at the beginning of the year. So when someone grabs an abacus and digs on where the $19 million plus went, some politicians might not like the answers the people are given, and that is the part that is out in the open, the setting of Stakeholders and media for Facebook might optionally double or triple that amount. It is the highest of all the FAANG group and almost twice as much as Microsoft, so what do you think will happen next? 

It took 20 years for big tobacco to get into real trouble, as such if there is a parallel there is every chance that something is done by 2040, as such Facebook has plenty of time. But in all this, there is a part missing, which is not on anyone (and not on CNBC either). The stage where the people get to know the names the lobbyists and how these politicians voted on Facebook and other first amendment issues. That is the part no one gets to see and I very much doubt that this will change any day soon.

And my point of view is seen with Christopher Wylie when we get “Wylie said he had relived his own experience as a whistleblower by watching Haugen. But he also found the flashbacks frustrating – because nothing has changed.” The Cambridge Analytica is out there and even as the New York Times gives us 2 days ago “We’re Smarter About Facebook Now”, I personally am considering that they are full of it. They needed to be smarter about it close to 2 years ago, so weren’t they? Isn’t that equally a decent question to ask? So as Wylie gives us “The fact that we are still having a conversation about what is happening, not what are we going to do about it, I find slightly exasperating,” shows us clearly the inaction of politics, of policies and the lack of actions by the law, global law no less. Fir we look at the US, but the laws and the actions by the EU and the Commonwealth is equally lacking, so why is that? It is due to the choices some make and the consequences we all have to face and in a stage where every coffer is empty and every nation has a credit card that has a maximised debt, acting against a company bringing in millions in taxable dollars is often not considered.

We all make choices, that is not a sin, but after the Catholics, a second deal where the choosing parties are giving sanctum to those endangering kids is debatable on several levels, that being said, those opposing Facebook will need to prove it and that is not an easy matter to do, because as I state, it is not about “choosing growth and profit over safety”, it will be about “profit versus decreased safety” and that is a very different data stage and the evidence will not be easy to obtain, mainly because the users are often the problem too. Facebook gives us “Facebook’s policy is to delete accounts if there is proof that the account holder is under 13 – they won’t be able to take action if they can’t be sure of the child’s age.” And they try to adhere to that, yet there have been plenty of indications that some were younger, but the stage of “if there is proof that the account holder is under 13”, as such the account stays in place. And when we see several sources give us (unverified for honesty) “A friend has a 9-year-old son and they have allowed him to create his own Facebook account” how can Facebook be blamed and that setting will taint the evidence as well, as such it will take a long time for actual action to start, it is not a setting that Frances Haugen might have seen coming, but in a land of laws, evidence is key (unless political issues take precedence). 

There is a lot more on the Facebook front and it will take months for it all to surface and when it does there is more than likely several months of contemplation and inaction, all because those who could act would not. Who is to blame there? I will let you work that one out.

Have a great day!

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