That happens to us all and to me about an hour ago when I was about to go imitate a sawmill when a tweet reached me. The Tweet came from Democratic Jeff Jackson, United States Representative since 2023 for North Carolina. And the tweet was worth it, I would call it the best political video I saw in years.
It gives a clear concise and brief overlook of the Silicon Valley Bank situation and the actions that are in play. Now, I do have questions but not on the video, everyone should see that one. The video can also be seen on YouTube (at https://www.youtube.com/watch?v=VFo-AQ5aQm0), so watch this.
This was about soothing and assuring people and that is a good thing. It was a one of the best surprises I have seen in years. Then we get to the Guardian (at https://www.theguardian.com/us-news/2023/mar/14/first-thing-global-markets-gripped-silicon-valley-bank-collapse) there we see “The bank’s parent company, SVB Financial Group, and two top executives have been sued by shareholders over the collapse of SVB. The bank’s shareholders accuse the group chief executive, Greg Becker, and the chief financial officer, Daniel Beck, of concealing how rising interest rates would leave its SVB unit “particularly susceptible” to a bank run”, for this we have a few items and it is not the Simpson illustration even as that was a hilarious one (at https://www.youtube.com/watch?v=Ovfap2VtpHM) and even to some degree on point even as Bart Simpson never went to the Silicon Valley Bank, the run shows that something set it off, in the case as I saw it, the bank trying to raise 2 billion dollars. Yet I still have questions. You see, I comprehend what happened, I merely do not understand it. I never understood greed (as I personally saw it). I raised the issue (at https://lawlordtobe.com/2023/03/12/i-honestly-dont-get-it/) with ‘I honestly don’t get it’, there I made mention of the European phrase CET1 (Common Equity Test), it was an essential step into Basel III. When the US (under non-leadership of the town clown Donald Trump) lifted the Dodd-Frank act which stopped banks take unnecessary risks, without that act these dangers are back and now it comes to the question as I also gave you in the previous article “mainly US government bonds” that is the setting of the question which is:
How many US government bonds did EVERY US bank buy since the Dodd-Frank act was lifted and I reckon that the SVB bought too many, but they are nowhere near the only ones and as such the US needs to look at these stages and what is required to set a decent level of footholds in place so that the US banks can pass some level of Common Equity Test. Now, there is every chance that this list of banks are limited and that is OK, but remember that a run on two banks nearly started a new financial crises, which would close to immediately sink their economy. And make no mistake, I was a Republican once and I cannot stand this level of stupidity, so the Republicans get to wear that cloak of shame, all thanks to the Trump disaster creation team. He took such great pride of dwindling down Dodd-Frank, now let him face the fallout too.
The action was great, the question remains, but that is for another day, for now this administration needs to avert a new financial crises, and they seem to be doing just this. The end will not be known until early next week I reckon, but that is a pure speculative timeline.
Before we begin, it is time for a small history lesson (of a sort). One of these moments was October 10th 2021 when I wrote ‘Darkness through inaction’ (at https://lawlordtobe.com/2021/10/10/darkness-through-inaction/). Before that there was ‘Musings’ on June 18th 2020 (at https://lawlordtobe.com/2020/06/18/musings/). As such we have 2 years of clear information and optional evidence. I saw it, I recognised it and I documented it.
5 hours ago, the BBC (at https://www.bbc.co.uk/news/business-61947315) gives us ‘Japan urges 37 million people to switch off lights’, it amounts to 25% of the Japanese population, or close to 290% of the population of Tokyo. Japan is that deep in trouble. Energy shortages are now approaching that extreme. A solution has been here for two years, but people (seemingly) hate Elon Musk and that lesson is about to become an expensive one. So whilst we mull over “The government asked people to turn off unnecessary lights for three hours from 15:00 Tokyo time (07:00 BST) while “properly using air conditioning and hydrating during hot hours”.” Most are ignoring the setting of what Elon Musk offered, but it is not merely Japan.
We also got last month ‘Texans asked to limit electricity use after six power plants go down ahead of a hot weekend’ (at https://www.texastribune.org/2022/05/13/texas-power-conservation-heat/) and this is merely one state, we haven’t even looked at California yet. And the mess is about to get worse, with these shortages fuel prices could rise at least 20%-30%, and I wrote literally on May 3rd 2019 “Elon Musk has that one true new technology and I hope that the US can stage it to an actual large enough market, I truly do.” A year before I polarised it out somewhat, it was out in the open for that long. And an application to reduce energy stresses was available then. I see in the image below 2 dozen options to claim sunshine and power parts of buildings, one at a time, but over two years that would have been 20%-25%, not enough to stop all the hardship we see now, but the pressure would be a hell of a lot lower.
Austin Texas skyline cityscape aerial view
In the same setting we could see Tokyo and even to some degree Japan. Look at the image and you should see close to 4 dozen options. All there for the implementation. Now this would not have solved it all, that is clear, but to tell 12,000,000 Japanese to cut energy pressures instead of 37 million people that story is one hell of a difference.
To give you another option (keeping Austin in view), we look at one address, 200 Congressional way. The shiny building. Every outside floor/ceiling on concrete, ready to fit panels, only visible from the outside and even then the ‘ugly’ grey is gone. It will not fit every solution, some will use roofs, but one building generating enough power to cool every apartment in the building, optionally supplying power to the outside lights for the entire block. It was out there for two years and no one made the move, no one seemingly approached Elon Musk. Why not? Was ego or pride the problem? Now Austin and many Texan places will sit in the dark several times over the next quarter.
I know, it is not simple,. I know that there are manufacturing issues, but a start should have been made and the US government (both Republicans and Democrats) are at fault here. They all let is waste until it was too late and that is before we look at New York, California and a few other places. Austin was merely an example. It was not rocket science and Elon Mush had the IP. I created different IP, but it seems that the big tech people are looking at the horizon, all whilst the IP was at their feet. So now as the US seems to be collapsing, I will have to offer my IP to those who can afford to pay me the entrance fee. Three bundles of IP, all op for grabs for the Kingdom of Saudi Arabia and optionally China. The US is so busy destroying itself that the doubt will hit places like Amazon and Google too. And as Microsoft downplays certain events, they will not need to worry, I would not consider them at this point, they wasted enough IP. And it is all about the IP, IP is almost everything and whilst people are ego driven and seemingly fuel the ego of politicians, we see that politicians are limited to talks, especially in the US where they talk a lot and resolve close to absolutely nothing. That is not an American trait as we see the same in places like the UK and EU. The dangers are that talks are the stepping stone of inaction. Even now, when we consider that several EU nations are walking back their green energy plans, the simple truth is that this setting was clear 2 years ago, the UK might have had the clearest warnings of shortages, but inactions dragged it all out and now, it is basically too late. Now we see a nation asking 25% of its population to not use energy (for a while). The stage has become that bad and in this world where getting 5% to adhere to anything is close to a miracle, I am not betting on that cadaver to be found. I will seek another way to get my resolutions cashed and when that IP goes where I expect it to go, I will merely relocate the place where my retirement party would be. It’s only fair that I do that, it is not rocket science. It never was.
Yup a wordplay and it is not the only one I have, but it is one of the less ‘hurtful’ ones. In the first, I have a republican mindset, I have always had that. I oppose Trump in all its glorified stupidity. I believe the US lost a great man with the passing of John McCain and I think the republicans wrongfully stabbed Liz Cheney in the back on the words of a bully, but we will have a reckoning on that later. Today we start with SkyNews who gave us ‘‘Morally bankrupt’: Biden ‘humiliated’ by Saudi Arabia and oil companies’ (at https://www.skynews.com.au/world-news/united-states/morally-bankrupt-biden-humilitaed-by-saudi-arabia-and-oil-companies/video/5819a070a892b5de3db7a8f259bff9c6), now granted the news is 2 days old. I wanted a little time to mull things over, but the text as given by “The president said it’s “unacceptable” that oil companies are making record profits during “a time of war.”” Oh? America is in a war? Who are they in war with? With their ‘proud boys’, with their failures? The list goes on and it is not a nice list. They gave the power to Wall Street and Wall Street ants ledgers, not excuses.
Marathon made $69B in 2020, that was their operating income, Their Net profit was $9.9B in 2020. Valero might have had a larger revenue $117B (2018), but a much lower Net profit which was a mere $4B (2018), Exxon mobile was the bigger player with $276B (2021), yet only with a Net income of $23B (2021), less than 10%. Are they corporations? Yes they are! They own responsibility to their shareholders and 10% does not add up to much and the statement of “record profits” does not add up, well not completely. You see Biden was handed a bad hand and the Russians gave that to him, so to see him blame American companies is one failure, to nag and bitch to the Kingdom of Saudi Arabia after he vowed to make them a pariah on something lacking clear evidence is a second failure. None of these players owe him, or the American people anything. This is the setting of a commodity driven economy. Consider the list. The US is one of the top three oil producing nations, so why is all that oil squandered? Why did the presidents (all of them, Republicans as well) not halt the consumption of oil? Why was something not done 20 years ago? I have articles spanning back decades on this folly. In 2015 Americans told me to shut up (fair enough), but now they do not get to scream!
They can have ice cream (to soften the blow) but not whinge and whine.
You see the problem is so much larger, and the US is part of that problem, it was never part of that solution. In 1999 crude oil was at an almost all time low of $19.35 a barrel. The cost was so low that oil providers started to shut down, the only time is was lower was in July 1946. Oil has had a rollercoaster life with tops in 2008 ($187) and April 1980 ($142), so as it is now at around $114 I would say “You ain’t seen nothing yet”, oh and before I forget what wars were the US in in 2008, or 1980?
No, as I see it when you decide to hand the reigns to Wall Street, you cannot ‘yap’ like the little chihuahua. A commodity driven economy does not care, it does not care that your granny is sick, that the dog ate your homework, or that the mistress will not have sex with you as you only bought her a Microlino instead of a Dodge Challenger. All parts a commodity driven economy cares nothing about.
And Saudi Arabia? They need to do what is best for their country, not what matters to their greed driven customers. Does it hurt me? Yes it does, but that is the world I live in. I do not control oil, I do not control wealth, as such I am its plaything just like anyone else. As such SkyNews has a point with “US President Joe Biden has been criticised as “morally bankrupt” and “weak” in regard to his energy policy after it was revealed he is planning to visit Saudi Arabia to discuss the global oil crisis.” Yes, it is one way to look, but if he cannot control the American people who are eager to dig a deeper grave by the day (they are almost deep enough to say ‘Nǐ hǎo’ to the Chinese people) and no one in the US is stopping the need for oil, higher prices is where it will be. A simple setting of Supply and Demand.
It is getting worse, less than 3 hours ago we were informed (by Reuters) “Egypt and Saudi Arabia have signed 14 agreements valued at $7.7 billion during a visit to Cairo by Saudi Arabia’s de facto ruler Crown Prince Mohammed bin Salman” in addition there is “the establishment of a $150 million “pharmaceutical city” by Egypt’s Pharco Pharmaceuticals in Saudi Arabia” That is the true benefit of being a true ally to Saudi Arabia, a setting now starts that will cost the American coffers billions, just as I predicted will happen in 2016, 2018, 2020 and now we see the first (or second) impact in 2022. The US pharmaceutical branch in Saudi Arabia will lose power, Egypt will rise. Egypt will offer services to the Kingdom of Saudi Arabia for billions, those billions are lost to the US and the EU. This is the impact of a failed policy that never had any strength to begin with.
So in all this, the administrations of the US (not President Biden) failed its citizens. The administration set the paper tiger in motion that looks nice, but when the people around it know that this tiger is paper (unlike the one below)
There will be a lack of reaction, a lack of adherence and that is when we realise there was never any need to adhere to anything. So the American people pissed off the KSA and Elon Musk (both energy saviours). So how exactly was that letter anything but a bad idea even before it was written? I see it was a desperate act of an administration that saw its fuel policy go to $5.87 (from $2.17) a rise of well over 100%. We get the desperation of the letter, but the expectation of success is equally laughable. As such what is the letter anything else but an admission that bankruptcy is merely just around the corner? When this all comes to blow the larger setting will come into play and there Wall Street will get to learn the lesson that absolute greed has merely one direction and it is not a good one, but those in Wall Street will have packed up their 8 or 9 figure balance and they will have headed for a zero tax shelter with warm sands and warm beaches. The rest? Well good luck to them. Oh and do not forget winter (and the need for heating fuel) is a mere 17 weeks away now.
It is easy to see the connection, but at that point one wonders whether the real connections are made. The first article is ‘White House faces oil standoff with Saudi Arabia and UAE as prices soar’, the article (at https://www.theguardian.com/us-news/2022/mar/13/white-house-us-joe-biden-oil-output-prices-saudi-arabia-uae) gives us “Saudi Arabia’s de facto leader, Mohammed bin Salman, and his counterpart in the United Arab Emirates, Mohammed bin Zayed, are yet to agree to a phone call with the west’s most powerful man”, my takeaway is the question whether the ‘west’s most powerful man’ is actually that. We also get “Each capital is a major supplier of oil, with excess capacity, which would soften the effect on US consumers through fuel prices before midterm elections in November that threaten Democratic control of Congress” and this is enough for article one. We see a few issues, the oil pries are still soaring and so far that so called most powerful man has not really achieved anything, has he?
In the second article called ‘Iran suspends talks with Saudi, slams Riyadh’s executions’ (at https://www.reuters.com/world/middle-east/iran-suspends-talks-with-saudi-arabia-nour-news-2022-03-13/), which is kinda hilarious, especially as Iran had 299 documented executions in 2021. Yet the story also gives us ““Iran has unilaterally suspended talks with Saudi Arabia,” Nor News said, without providing a reason. It said no specific date had been scheduled for a new round of talks”, not unexpected, but that is the effect of diplomacy with a toddler like Iran. You see I think there is more to it. I think Russia is trying to put the pressure on the west, the US is the weakest with its ‘nuclear deal’ ego. And as Iran suspends talks they continue to enrich uranium. Delay after delay until it is too late.
Am I correct? To be honest, I am not certain, I could very well be wrong. But consider Russia entanglement in the middle east and especially with Iran, it wants to play tits for dad (oops) by withholding the milk (oil) and this play seems to be actually working out. President Biden did this in part to himself. And now the larger stage is pushed into directions it should not have been going in. Yemeni’s and Syrians feel more and more betrayed by the west, and honestly, I cannot blame them for that.
My issue is that Russia is playing a way too dangerous game, as they are now part of the delays, Iran might finish what it wants and when that goes the wrong way and Israel gets its first nuclear detonation, the bars are sealed. The USA must prove its word or be seen as flaccid and irrelevant on the political stage. And their play (as I mentioned in previous articles) in the Kingdom of Saudi Arabia was badly managed and even worse constructed and now that the US is desperate for cheaper oil they will feel the sting of biting the hand that was feeding them. It was bad already and now there is every indication that Russia is making matters worse via Iran.
Russia is the connection. It is souring the Nuclear deal, and it has a handle on the Middle East to some degree, how much I cannot tell, but some who can are not talking (for obvious reasons) and that sets the sliding scales for the US who is now on a worsening scale economically. Even as some state that oil prices are going down, I personally feel that it is temporary. It is nowhere near the old price and there are chances that it will go back to $123.70 (March 8th) and optionally higher than that. President Biden could influence it positively, but if he does not succeed then the first sign of failure is shown and the Russians want that because for them the Republicans are easier to deal with (allegedly). For President Biden it all hangs here, He is down in the senate, but if he loses even one more seat the senate will be overwhelmingly republican and that COULD happen. He has a majority in the house, but only by 11 seats and there is no guarantee that he can hold onto them. When the house is lost as well, the Democratic Party will find obstacle after obstacle and that is what they signed on for.
The failures in the middle east, especially Iran will haunt this administration for a long time to come. And the oil prices? Well that is still up n the air, but there are indications that this will not go their way either, it is wholly due to the way they dealt with the Kingdom of Saudi Arabia.
To get to this part, I need to grab back to another article which I wrote on May 6th 2020 called ‘New World Order’ (at https://lawlordtobe.com/2020/05/06/new-world-order/), yet that one also takes a step back and refers to an initial article I wrote in 2013 called ‘It hurts every time, but we love it’ (at https://lawlordtobe.com/2013/02/06/it-hurts-every-time-but-we-love-it/) . In 2013 the US debt was $17,000,000,000,000 (17 trillion), and over 8 years 8 trillion was added, a nice $8,000,000,000,000. This implies that the US government overspends a trillion a year with no exit strategy on how to cope with the debt and it is on both Republicans and Democrats. They raised debt ceiling again and again and this president might be the one who gets to live through the fallout of such stupidity. We (me too) might grab at the ludicrous waste of billions upon billions in only two defence contracts (F-35 and USS Zumwalt) but the problem is a lot larger. The decades wasted by not overhauling the tax system (I suggested changes in 1999, might have been 1998), it would not have solved everything but it could have optionally solved a few things. It is the relentless boasting government approach towards “My Credit Card is too big too refuse!” Yet that is at this point exactly what is going to happen next week Friday. Unless there is another ceiling raised and it merely pushes the problem forward. The larger problem is not merely the politicians, it is their favourite tool the media as well. 4 days ago the Financial Times gave us ‘The US debt ceiling needs to be raised’, and they do give us “The very regularity of fiscal cliff edges inures people to their seriousness. The markets expect Washington to fear default enough to do what is needed in the end.” However none of the media told in clear harsh language to politicians (and naming them) that they need to act and as it is soon too late, the US population will get one of the loudest and harshest wake up calls since December 7th 1941. It will hit them square in the face and there will be no escape. A setting of pensions gone (the US is bankrupt), for many their homes will be lost (the debt collectors will collect on EVERYTHING), infrastructures will collapse (the money is gone) and systems will stop functioning (the US credit card will be destroyed). A setting that continues on for decades, unless the US has any friends left, the US seizes to exist and on the side lines China and Russia will howl with laughter.
Yet not all is lost, the US could become part of the Commonwealth again, although the US politicians will mostly be out for a job, Canada could oversee issues for London and the political seat of power will be in Ottawa, did anyone consider that there was more to my ‘We stand on guard for thee’ article? The article (at https://lawlordtobe.com/2021/10/03/we-stand-on-guard-for-thee/) had a small reference to “CANZUK time, is Canada ready?” When drenched in “Canada has a chance to be a major player in CANZUK to usher in a more politically stable and mutually beneficial version of a modern Commonwealth”, it is the modern Commonwealth part. And in this there is every reason to trim a lot of fat, especially political fat. In 2013 I gave the reader “Those two, when a change is set might mean that the US could be bankrupted overnight” I never saw a pandemic coming, but that pandemic pushed the US straight over the edge into an abyss of debt. It also gave me shivers to sell my IP to an American player, my 5G and I left without anything? Screw that! I would rather take my chances with China. And that is the larger setting, when the brain drain starts and China pays for the IP the avalanche will be complete (not merely me, dozens of others too), the US will have a dwindling IP vault, manufacturing will go to Asia (optionally India too) and the US will be a container of lard, no bones or muscles holding it together. A body of mass with merely the strength of the barrel containing it all.
So as Reuters gives us a day later ‘U.S. debt ceiling impasse warrants nuclear options’ (at https://www.reuters.com/breakingviews/us-debt-ceiling-impasse-warrants-nuclear-options-2021-09-30/) with “That could spare the United States a default, but would force other cuts, possibly in areas like Social Security or military pay.” We see the beginning of a larger stage where the people would soon be left with nothing, it takes a whole new vibe out of “We the people” doesn’t it? And the “Unable to borrow more, the Treasury would have to cut some 40% of federal spending by mid-November”, it is the icing on the cake, a setting of larger dangers to a large chunk of 331,000,000 people in the US. Did you think I was kidding on the US stampede into Canada? The rich will prefer 30% more taxes against nothing and an angry mob at their doorstep. Up to $3.4 trillion in personal wealth will take any option against losing it all in the US. House prices in Monaco will soar (for the really rich) so if Jeff Bezos can offer me €150,000,000 for all my IP (payable in Monaco) I will seriously consider it. Google, Netflix and Amazon will take to the global skies and they will double register their IP to keep it safe and keep it out of governmental hands, because that will be the next stage, the US will need to find money wherever it can be found. A station the US has never faced before. There is one upside, the Kingdom of Saudi Arabia can get their required hardware for dimes on the dollar and optionally buy out a few factories and all their patents putting them on par for their 2030 promise of taking home based defence build projects to a whole new level. The US laughed and sniggered when Wall Street offered vulture solutions to Argentina in 1998, now the vultures are ready and set to rip the US carcass apart. Is it a fair view? That is not in question, yet the stage is now that it is becoming a likely view the only people treated fair are the hard workers who just tried to get by.
Should there be an 11th hour solution of debt ceiling raising, the people will need to consider that the end is nigh and the US did this to themselves. Irresponsible spending for well over 2 decades and with no exit strategy the USA will enter a field it so desperately tried to avoid and with innovators moving to other shores their field of choice becomes ever more limited.
And when you wonder why no one is writing about those dangers, consider that I opted for this day to come for 8 years, I never saw a pandemic, but when you realise that the US was overspending a trillion a year, 83.3 billion a month for 8 years. Did no one catch on that this clambake could come to a sudden stop? Wonder about that part of the equation. I reckon that a lot more people should have seen the dangers after the 2008 events. Now 14 years later the people of the US will face hardships that is 10 times worse than the events of 2008, not merely because of what is now, but it happens when it’s infrastructures, social security and healthcare are totally gutted.
Mozart wrote Requiem 230 years ago, I doubt he ever envisioned it used on an entire nation, but that is life, or the lack thereof.
This partially reflect on what I stated yesterday in ‘The stage of what is’ (at https://lawlordtobe.com/2021/06/20/the-stage-of-what-is/), it is however now that I take notice of news that Reuters gave us on the 18th. There we see ‘China must develop unified, open-source smart car OS -ex-minister’, now for the most it comes to be in the ‘bla bla bla’ shape. I never much cared about cars, but for some reason I took notice of ‘China must develop’ (at https://www.reuters.com/business/autos-transportation/china-should-develop-unified-open-source-smart-car-operating-system-says-ex-2021-06-18/), for the most, I do not care, but the notion of that part of the sentence made me stop and read the article. There we see “the world’s biggest auto market, should develop its own unified, open-source operating system (OS) for smart vehicles, as well as auto chips, to maintain its advantage in the electric vehicle (EV) industry” there was nothing to disagree with, it is in any national interest to further its goals whether it is China, the US, India, the United Kingdom or Australia, we all have national interests. Yet when I took notice of “China should learn from the United States’ curbs on Chinese technology companies and boost its independence in vehicle-related technology” the cogs in my skull started to spin, which took more alarm to “U.S. President Joe Biden in April said the United States must ramp up production of electric vehicles to catch and surpass China”, which was interesting as I thought that the US (with all its marketing) was ahead of China in that field. So we have a different setting, one wants to catch up (and Democrats do not do that too well, all talk and no achievements tends to do that), China wants to make more headway optionally unbalancing the automotive industry even further. Yet it is the end that gives us “The Harmony operating system of Chinese telecommunications firm Huawei Technologies Co Ltd (HWT.UL) can be used in vehicles as well as smartphones” and that is the killer. I talked about that yesterday, I stated that HarmonyOS was a much larger problem and now we see the direct impact in a second industry, all whilst the Democrats (Republicans too) want to wage war on BigTech, yes, when was that EVER a good idea? So you are gearing up for the marathon and the first think you do is shoot yourself in the foot, now we see that the idiot athlete is shooting itself in both feet, so where do you think that athlete will end? Wanna buy a wooden spoon for the awards?
Yesterday I also referred to an earlier story from 2020, where I mentioned “if HarmonyOS catches on, Google will have a much larger problem for a much longer time. If it is about data Google will lose a lot, if it is about branding Google will lose a little, yet Huawei will gain a lot on the global stage and Apple? Apple can only lose to some extent, there is no way that they break even”, now it seems that this was less accurate, and ‘if HarmonyOS catches on’ should be replaced with ‘as HarmonyOS is catching on’, you see if China gets the advantage there, it can offer that solution to Germany, France, Spain, Italy and the UK all fighting to gain the upper hand in Europe. Do you think that they will ignore the HarmonyOS solution whilst the US is marketing itself ahead without evidence of actually being ahead? The damage to Google and Amazon will add up a lot more in this way and as HarmonyOS gains momentum, it will also gain momentum in 5G domotics and smart-wear. Yes, the Americans will say no, no, no, we already have something, so buy OUR solution. Yet the numbers from Tom’s guide (less than a month ago) give us:
And now compare that to Statista from September 2020, yes there is momentum but when you are trailing by 80% to number one, you have a massive problem.
Consider that Australia is wielding a 5G solution 300% faster than the US, do you think it does not matter? Think again, the US is desperately behind nations it used to look down on and China is ahead, by a lot and with the HarmonyOS trump card (also a card Donald Trump handed them) the headway that China is making in 5G will change the setting of who Europe aligns with, they have no choice, their debts are crushing them and China would be a way out, so at what point will the US dump the BigTech BS that is largely its own fault and was created and grew as the other players became complacent? We can now use the line the US tended to use against all of us against them
Winners talk, bullshitters walk
A stage they set in motion and fuelled by relying on buying IP (and viagra) and not working hard to keep innovative ahead of the game, now they get to see the other side of the equation, one where they are in line to lose industry after industry because the shots were called by stupid people. How is that working out for them? So as President Biden is trying to create a united front against Huawei (China) he will be noticing that the armour used is less and less effective, as HarmonyOS matures (towards version 2), America’s only way is to find a solution with players like Google, Amazon, Apple, IBM and Microsoft and their BigTech front will have to collapse, or they need to accept that China takes all in the end. That is the setting and when politicians from both sides of the aisle are crying ‘regulate BigTech’ its own enemies within will delay matters more and more, which works out nicely for Huawei, so when France or Germany allows HarmonyOS (Germany is more likely), HarmonyOS will sweep the landscape from automotive to 5G domotics and that is just the start, the backset for Google will grow. The issue is that Google still has options and the lag is not that large, but in that setting US politics need to grow up and wake up, the latter part is more important at present. So whilst we needed to take more notice of earlier news, the news that was earlier and needed to be properly addressed was in 2020 and that was not done, and now the US has a massive problem in multiple fields, so how is that coming across? And as the Daily Telegraph apparently gave its readers two days ago that Trump admitted defeat, we see that the former American El Jefe was almost 6 months late in learning simple top-line statistics, so what happens when this president is unable to learn from those blunders and make matters worse? Lina Khan is merely a first step (which I am not blaming her for), but not the only step. When we see losers crying foul (at https://lawstreetmedia.com/tech/google-asks-court-to-narrow-scope-of-rumbles-antitrust-case-in-mtd/) on the setting of ‘monopolisation of the online video-sharing platform market’, all whilst Tik-Tok (a Chinese invention no less), grew by well over 110%, in addition to the stage that YouTube was bought in 2006 by Google and they made something real from it (they bought it for less then $2B) and it made them $20B in 2020, so a decent invention, all whilst Rumble came 7 years after YouTube and is a Canadian solution almost no one has heard of, so they seemingly try to make their money in court (as I personally see it), and this wave of crybabies is stopping US innovations, you see if these players had true innovation they would be in the game, Tik Tok came three years after Rumble and surpassed them (almost overnight), and is now valued at $250,000,000,000, which is the impact of innovation. It is time for the US and its FTC to stop whinging with BS court cases and have a larger look at the industry and the impact that others have, especially when they should not need to waste time in courts.
The US wants to be number one, but in the process has no issues tying the hands of people who can make that happen behind their backs, how will that ever result in any option to win?
It is a weird day, for me it started on Friday when the news on several grounds reached me, it is a version that we are our own worst enemy and now in a stage of polarisation, as well as the call from bullies, the USA now faces a unique situation, in this stage the end of the Republican Party comes soon and a lot faster than you think. It will not end the Republican thinking, I myself am a republican in mind and body. But the party committed suicide, it did so in the most stupid way possible. It followed a false prophet (Donald Trump) and decided to block the DC Riot investigations.
What comes next? That is a question that is a lot more interesting than you would guess. You see the true Republican mind is not gone, it is still there in people like Mitt Romney and Liz Cheney. It will only take these two to start to create an independent party, something like ‘True Republicans’ and the field is set. The GOP would lose no less than 14% and it could go initially as high as 38%, that first stage will deprive the GOP of winning again for decades to come and as people anger over the riots, and the seemingly involvement of a man who should be seen as a sore loser (Donald Trump) and was unable to face the words he spoke so often “You’re Fired!”, that person is the focal point of stupid allegiance. A person that has staged the blocking of his own tax returns, who made typo after typo, a person who cannot stand levels of criticism (The room where it happened), that person was the ‘golden boy’ of the extreme right and now the invoice is due.
Liz Cheney
So when we look at meme after meme on 35 republicans, who voted against the January 6th commission, they are the cause of Republican anger and they will end the GOP. Even as CNN gave us two days ago ‘McConnell doubles down to pressure Republicans, asking for ‘a personal favor’ to block January 6 commission’, we see the first setting where the GOP has lost it. If True Republicans hold a stage and get the other 6 to join them, the GOP is pretty much done for.
It is a stage where the media will bash the 35 republicans again and again, all whilst these dissenting views are up against thousands of images showing that this was not some tourist thing, it was a stampede where the protecting stampede walked into DC, seemingly ‘non-violent’ relying on the strength of threat and the imposing pressure of a mass. The GOP did the most stupid thing possible, they grouped behind a false prophet, didn’t their bibles teach them anything? Matthew 7:15 should have given them “Beware of false prophets, which come to you in sheep’s clothing, but inwardly they are ravening wolves”, and that is what we have seen in one sitting of Donald Trump, ho is now silently ending the GOP, optionally to blame them for it all. Yet those with true Republican feelings should not despair, should the forming of True Republicans become a reality, we will see that there is time to stop some nanny state change, there is time to replace 35 senators who gave away civil duty and common sense and at that moment people like Mitch McConnell will need funds to start an Uber franchise or a barber shop. They will be done in politics and with him people like Rubio, Scott, Sullivan, and Tillis can write their resume all hoping to score the same ‘expert voice’ in some talk show. It does make for an interesting stage, this would be the optional setting where Liz Cheney becomes the first Female President in 2028 (2024 is nice, but not realistic), so not a democratic president, but a republican one will be the first woman in the highest office on the planet. She got their by holding onto the true values of a republican, which also requires decency and common sense to step in.
I am not writing off Mitch Romney, but with Liz Cheney the women’s vote becomes a larger support pillar and that matters. So when we consider the independent parties, only John Tyler (10th) was initially Whigg (Democratic opposers), and became unaffiliated, the only other one is one you might remember, it was the first president George Washington who was not aligned to either side, optionally because he was the first. And now we see that optionally the 47th president might be not just a female president, but an unaffiliated one. Yes, this is all speculation, but it is an option, and the media is flaming the DC riots at any stage they can, as such the Republicans and its 35 idiots are fighting an uphill battle and the people with a true republican mindset have seen enough stupidity to last them a lifetime.
Am I right, am I wrong? Time will tell, and I reckon it will be sooner rather than later.
We all have these moments, we feel ashamed for choices made, even though we know it is not our fault, even as we see that proper examples of our choices and believes are out in the open. The larger stage is as shown a corrupting view of disbelief and exaggerated view that cannot be fact checked, and when they are shown to be not true, the people paint over that setting with a brush as fast as possible.
I am a Republican, I have for the most always been proud of that. The Democrats want some version of a nanny state, they want to tax the rich, but they are really adamant on NOT rewriting tax laws so that we all pay a decent amount. Any law in that direction will be crushed by lobbyists and other options and it comes from BOTH sides of the isle, both Democrats and Republicans make noise in the tax direction and never resolve anything. Yet now, the stage becomes dangerous and there are two tiers of changes on their way, two that have massive repercussions for the American economy 2023-2030.
It all started with Mitt Romney and Liz Chaney opposing the lies that former president Trump keeps on voicing. The BBC gives us ‘Liz Cheney: Republican ousted from leadership for challenging Trump election claims’ (at https://www.bbc.com/news/world-us-canada-57090202). It has her statement on video, it also gives us “her party could not stand for truth if it upheld Mr Trump’s false claims he won the 2020 election. House Republicans will probably replace her this month with a Trump loyalist.” It is a much larger problem than anyone realises. Even as we see again and again that he stops Tax inquiries (I am speculating that he probably need to hide that he has less than 25% of what he claims he has), we also see the larger stage that the Republicans are now willing to embrace a lie, even if that ends their economy.
Even as we see “Ms Cheney’s fate was decided in less than 20 minutes by House Republicans behind closed doors on Wednesday morning”, the larger problem is seen with “The ballot was not recorded but lawmakers cast an overwhelming voice vote in favour of removing Ms Cheney from her post”, the lawmakers are too scared for the names to get out, and it matters.
So what will happen? Even is those people like Kevin McCarthy make claims that they had it with her. The truth is that soon enough the Republicans will show how much they are done with him and a few others. If Mitt Romney and Liz Chaney Crete an independent true Republican Party, the GOP will be done for. They will clean house and then the little weasels will come running and they need some votes to be unregistered.
There is actually a much larger issue. This is PURE speculation, but I have seen some messages going back and forth and I feel the same way. In the setting that a GOP is based on lies and even worse Trump claims, the makers of new IP will optionally only do business with these American firms if the IP will be registered in Canada, Australia or the United Kingdom. Consider 2,000-6,0000 IP and patents to be filed OUTSIDE of the US. It will change the valuation of the US in a dark way and not a good one. The fact that some will embrace the lie makes a lot of indie developers very very nervous. I personally hope that Google (or Amazon) are two of 4 players that can buy my IP, yet at present I hope that it goes to Canada or the UK. I might pay more taxation, but I feel that my IP will be a lot safer, if innovation is an essential need for IP, there is every chance that the US cannot meet that innovation curve and the GOP is making it worse.
So even as Democrats are laughing at the tweets by Gaetz and Cawthorn, the larger stage is about to be set and if even just a thousand IP owners register outside of the US, the valuation that goes deep into the billions will have larger repercussions all over the field. Even as sources like Business News gave us in 2017 ‘Yes, IP is the currency of the 21st century’, now consider the 2020 news “IP industries account for 38.2% of the total GDP of the U.S. and for almost ¾ of the U.S.’s exports; America’s intellectual property accounts for $6.6 trillion in added value”, now watch that GDP part fall from 38.2% to 20% or less, do you have any idea the panic that Wall Street will see because they allowed lies to continue? When the added value falls by a third to a half, the US will not be able to pay for the interest of outstanding debt, does it now become clear? The UK, Canada and Australia will have their great days, but when the US falls over, Japan will too, one keeps the other up and even if the US can survive a collapse of Japan, the other way round will not work for a lot of people.
So as people are taking in the larger stage and hide behind “It started with a lie”, the plain truth is that the US did this to themselves, first by electing that bully in the first place, then allowing him to continue when fact checks again and again showed his claims to be not true. This is not merely me, a lot of judges, judges HE put forward are saying the same thing, the election was never stolen and now the larger plays come into view and it spells a lot of bad new for the GOP and because of that America will see larger downfalls again and again. And the entire Chinese hatred in America does not help either, most IP registered has a 60% chance that Asians are involved, do you think that they want their IP registered in a nation that hates them? And as more and more US Asians are moving to Canada, there is every chance that the IP moves too, or will be completely registered in Canada.
I wonder how long it will take the government to realise that former President Donald Trump is starting to become a clear and present danger for the nation and its residents. This will be a first for America, no President has ever been such a source of anti Americanism. As such I hope that people like Mitt Romney and Liz Chaney will be able to take charge in whatever form it is.
There is time between now and 2023, but as things go with 5G, I reckon that the first changes might be visible in 2022, and we are a mere 6 months and 18 days away from that point. As these matters expand, I wonder what a player like Amazon will do, they cannot continue to the degree that they are now when the US economy tanks, it made a lot or profit, it will not accept that it has to trim the fat in all places whilst the US government is allowing a bad situation grow worse, they will have alternatives and that makes for a much larger problem for the US at present. Yet, I am not asking you to believe me, I can wait, and in March 2022 when the signs are becoming clear and the newspapers write the setting, I can point back to this article stating: ‘Told you so!’
Well that is it for me, I will await the call from one of the four players, it will be a long wait but it took Rome a few years to build, but I will not wait that long, when the markers are matched, my IP becomes Public Domain, and I will watch the greed driven go nuts because they were willing to put their personal needs before their companies need and that will be nice and visible when my IP becomes Public Domain. Such is life!
Ships run amok, churches are under attack and a funeral in Myanmar is more dangerous than the streets of Detroit, all events that people take notice of, I am not one of them, I saw more, I notice what was actually an important step. Arab News (at https://www.arabnews.com/node/1832566/saudi-arabia) gives us ‘Houthi rejection of Saudi peace plan is based on ‘flawed notion’’, it is one view to have, I am not sure if I completely agree, but their view can be seen as such. So when we see ““But the Houthis must realise that the world is completely united (in its desire to) achieve peace in Yemen, and it is united behind the Saudi initiative,” said political analyst Mubarak Al-Ati.” We need to add the quote “The Houthi militias in Yemen and their Iranian sponsors have rejected the latest Saudi peace initiative designed to end the crisis in the country because they believe the international community is divided on the issue”, you see the setting can now be seen in a few ways, the first one comes from ‘Houthi militias in Yemen and their Iranian sponsors’, this is a first side, you see Iran is in a proxy war with Saudi Arabia and when peace talks start their campaign ends and they need to add another failure to their historical books and that is what they are unable to do, they are willing to sacrifice the ENTIRE Yemeni nation before that happens, and that is only one side and one part of the equation. There is another side in this (highly speculative) and that I seen on the American side who has been cancelling arms deals and are willing to see this war go on risking more and more Yemeni lives, they made what I would call a non written agreement with the UK, Germany and France to stop weapons to Saudi Arabia for now. That act alone is the direct cause for 3 years of prolongation in the Yemeni war, so when does it end? That is a stage that is in the hands of the media as it fans the flames of emotion, you see ABC gave is two weeks ago ‘Yemen conflict escalates as country speeds toward famine’, you see it is not the headline that matters, it is the fact that we have been seeing these headlines for well over 5 months, so were they misinforming us then, or are they misinforming us now? You tell me.
As we take notice of “the world is completely united to achieve peace in Yemen, and it is united behind the Saudi initiative”, we would agree, but it would be nice if the media picks this up more loudly and a lot more front page covering on the attempt, the Sydney Morning Herald has all kinds of news on Saudi Arabia, but not the peace attempt, just like they avoided reporting on more than one Houthi missile attack on Saudi civilians. Several media players have also been downplaying the Iranian involvement in all this, so as I see it no one really cares that much about Yemeni lives, least of all Save the Children Australia, who is eager to mention “A number of Australian companies are involved in exporting goods to countries waging war in Yemen”, yet in their setting, there is not one mention of Iran or the Houthi atrocities against the children, why is that?
So for the most I tend to agree with Mubarak Al-Ati, but in all this the media, the western media has another game play in mind and the death of all the children in Yemen is not a concern for them, if it was than there would have been a lot more camera’s on that place, but there is no value, there is nothing to get for them there, their digital needs and their needs from Google takes precedence, even as it makes little difference, the need for the media is becoming obsolete, not real investigative journalism, but they too will become a casualty of war, I wonder what the media endgame is.
So even as I like the setting of “Martin Griffiths, the UN’s envoy to Yemen, and Tim Lenderking, the US special envoy to the country, will probably travel to Muscat for talks with the Houthis to emphasise that “the time has come to end the suffering of the Yemeni people” and persuade them to support the peace process”, I wonder how much impact it will have. As I personally see it the Houthi’s connected themselves to Iran and they are now Iranian tools and a tool has no voice, Iran has more need of them, Saudi Arabia is still there and that vexes Iran. In this Tariq Al-Zahrani sees it my way, it is seen in “The Houthis are following the instructions of Iran and are working on preserving Iranian interests in the region”, and where does that leave Martin Griffith and Tim Lenderking? Yup, you got it, out in the cold, a place where Richard Burton found more than these two people will.
Yet is that all? No it is not!
Arab News makes a jump to the left with ““The Houthis are a political card the Democrats are using to put pressure on the Republicans,” he said. “They are trying to prove that the war in Yemen and (the decision by former President) Donald Trump’s administration to withdraw from the nuclear agreement with Iran are both mistakes committed by the Republicans.”” It is a part I can agree with, but that would also imply that the media has a much larger role to play and misinformation is merely one side, the foundational flaw of catering to the need to Iran is a much larger flaw and it comes with disastrous consequences, a side where the democrats are willing to sacrifice Yemen, Saudi Arabia and Israel to make it happen and the best these three can hope for when it does go wrong is a mere ‘Oops!’ From the oval office, like that will be accepted at that point, and when any of it impacts the northern side of the Mediterranean, the US will have pissed off the Christian, Islamic and Jewish populations all at once, quite the achievement.
Oh, and when that happens, the media will not have to wait for some new Leveson inquiry, there is every chance that members from the media will be strung up to the nearest tree in a whole range of nations, it is a risk that comes with catering to ones stakeholders, stakeholders who will be in hiding and in denial all over the US at that point, all claiming miscommunication, what a world we live in. Yet, do not take my word on this, just watch the event unfold as Iran is catered to again and again, that is the play I personally see and perhaps I am all wrong, I will let you see the lack of covering on one side and the downplaying of events on the other. The better news is that it would solve the media issue quite nicely.
Yup there is a door, a black door, some say it is the door of death. Hades assures me it is a door of change and opportunity, but then that man is not happy until the news given to all is gloomy beyond belief. I am a republican, I never made a secret of that and in some cases I gave that news up front. Today we see why! Al Jazeera gives us (among others) “Trump lawyers and House impeachment managers have decided to avoid calling witnesses in Donald Trump’s impeachment trial, beginning four hours of closing statements”, then we get ABC giving us “Mr Evans, 35, appeared before a federal judge in Huntington West Virginia on Friday afternoon after being arrested. If convicted, he faces up to a year and a half in federal prison for two misdemeanours: entering a restricted area and disorderly conduct. A growing number of Republicans and Democrats have said they want to expel Mr Evans from the legislature if he does not resign.His lawyer, John Bryan, said Mr Evans was acting as an amateur journalist recording the day’s events and he was not involved in violence. He said Evans did not commit a crime and did not plan to step down”, a setting when we consider “two black men were arrested last week when a store employee called police to say the men were trespassing. The protests followed the release of a video that showed the two men being arrested after a store manager called the police because they were sitting in the store without placing an order” (source: the Guardian), as such, they could have avoided arrest and cuffing if they called themselves ‘amateur journalists’?
We see the defence give us “It was a report from a reporter from a friend of somebody who had some hearsay they heard the night before at a bar somewhere”, we see hundreds of hours of footage, we see a loud mouthed petulant bullish childish NYC realtor gave us on January 6th “Today I will lay out just some of the evidence proving that we won this election and we won it by a landslide. This was not a close election”, we are also given “Trump defence dodges question on what he did to stop Capitol attack, says there was no insurrection”, yet the democrats miss the ball again and again. So what was this media circus, a show? A let this all be good for the grace of death?
And now we see “Former President Donald Trump acquitted again” (source: ABC news). The democrats foil the ball yet again, OK, I will admit that there are a few dubious characters on my side of the isle, yet proper investigation and interrogation might have gone a long way in this.
So why do I care? I think something despicable happened, and a knowingly lying former president of the USA is not a good way to stage the setting. But that also opens the door of opportunity. And that door is not a nice one. I hereby call upon the specialist (read: CIA Wet Teams) to set a new standard. In an age of “Ransomware attacks are proving more lucrative for cyber criminals as even organisations that can restore from backups are paying ransom demands to prevent further damage”, as well as “As 2020 started, only the Maze ransomware gang was using this tactic. But as it ended, an additional 17 ransomware crews had taken to publishing stolen data of victims if they didn’t receive payment”. As such I am asking (read: demanding) that the CIA Wet teams are activated to secure American business safety. The victims are wide spread “They included 1,681 schools, colleges and universities, 560 healthcare facilities and 113 federal, state and municipal governments and agencies. Meanwhile, over 1,300 private companies were also hit by ransomware attacks”, as such we set the C.W.T. (CIA Wet Teams) in the field and we kill these people, no long wasted court-time, just a bullet through the back of the head. I don’t care it comes from a 16 year old with a crying excuse “I wanted to be cool”, that person will be pretty cool (ground temperature) in a casket, unless he is cremated, that person will be room temperature (still cool). Is that too much? I think it is time to set a different premise, it is time to set the premise of ‘enough is enough’, the law has not worked , not for 2-3 decades, scare tactics did not and as such, after the first half dozen are found and put to death, the rest will dump their computers faster than anything else they ever had and as such they are dealt with. It is a bit over the top, but Hades told me that there would be opportunity, so I sought one, I found one and now I am casing one.
The setting stage of such failing blunders on the democratic side is just the start of the larger stage, the attacks on Saudi Arabia, whilst the actions by Iran on this are are almost 100% ignored, there is more one sided actions, as such setting a larger footprint on the other side of the fence is not the worst tactic to use, and lets face it, apart from the ransomware attackers (and their mummies and daddies) how much real opposition will there be? The second acquittal opened a new door, a door of all those thinking there would be no accountability for electing a stupid person, lets make sure that the new signals are a clear given sign that this was not the case and that we are all in a stage of having had enough. That is how I see it, yet I could be wrong.
Lawrence van Rijn - Law Lord to be 