Tag Archives: Dubai

Choices and power

It is something that has been bugging me all day and part of last night. It was set in motion by a story I am working on and it reflected on my IP. You see I had hoped that Amazon or Google had bought my IP, it benefits them the most (amazon more than Google). But in this day and age there are two new players in town Netflix and Tencent. They are not on anyones radar before 2023 (second half) but that does not mean I need to ignore two potential players for my IP. Consider that my IP will allow a minimum of 50 million consoles (or subscriptions). Consider the following list

Playstation 4 – 117 million
Nintendo Switch – 107 million
Playstation 5 – 20 million
Google Stadia – 3 million
Amazon Luna – Unknown

I have no real reliable information on how the Amazon Luna is doing and Microsoft is not a consideration. Now we get Tencent and Netflix and one of them gets an option to surpass the others and end up behind Nintendo and Sony in the number three spot, the setting is a sale that is the starting setting and will get them well above 50 million subscriptions, optionally around 75 million, and that mind you is merely the beginning. They could temporarily be the number one but Sony is hardcore focussed on this market and they do have the goods. So am I empowered to set one in a fighting position and become one of the top 3 game solutions? Or is the power derived from the additional choices that entered the field? 

More important Tencent and China get the option to run and rule one more field, it would be empowering to Tencent. Yet Netflix has reasons too and they have the setting to optionally alter their subscription approach two new players added to the ones I was willing to sell to (Amazon and Google). There is the option of Elon Musk and he is considered by me as a wild card. He is not in these fields but he has the Midas touch and when he sees options he seemingly grabs them. The odd satisfaction of all the Elon Musk haters entering a new market and becoming a top three player is oddly satisfying. So I went from two consideration now to 6 considerations and I feel decently well, because that is merely one side to the first IP bundle and the other two are still available, the second is ruled by the 5G solution and that will take off in 2-3 years when 5G is fully deployed, all ahead of the largest boom I am ever to likely see in my lifetime. 

To be honest I had some sights on Netflix, but Tencent is new, until recently and until some patents came past my desk I was in the dark on the setting of Tencent, but here they are a contender for streaming information and with 50 million plus, they are looking at up to half a billion a month, not something anyone can afford to sneer at, not in these times. But the larger settings are still out of the equation, the Augmented reality solutions I came up with (see previous articles), there we have a stage where marketing could rule a new part of well over 100,000 malls on a global scale and from there I can only speculate where this goes. A stage that could benefit places like Monaco, Riyadh and Dubai in all kinds of ways. But I get ahead of myself. Is all this power through choices, or choices that come from power? You see they are not the same coin, they aren’t even the same currency. The implied word ‘choice’ has several sides and they aren’t restricted to coins, they are also part of technology and enablement. All different settings for the same word and only the shallow will see them as one and the same. Power is more restrictive but also more out there and eagerly seen by everyone for all the wrong reasons, it is an enabler but only to some degree and it reflects on the chosen partner in this on how they want to continue with the offered choice and they pretty much see power as a monetary enabler, which is their choice, but it is the second tier and the third tier that will enable them to a much larger degree. That is the long game and that is where I have been focussing on, the long game, only the greedy reflect on the next quarter and their bonus.

But that is merely my (limited) point of view.

Advertisement

Leave a comment

Filed under Finance, IT, Science

Crimes pay better

Yes, it is the old axiom again and for a long time there was an expression it was “Crime does not pay”, we saw the old remedy in this and we saw it repeated in movies, in TV. The simple given truth that crime does not pay. 

But the world evolved, capital crime left us, judges (or as some call them lobotomised lawyers) became pussies all whilst police and politicians became even less useful. So in the last 2 decades crime became massively rewarding. Not small crimes though, the bigger the crime the larger the chance of running away and for the few that did get caught places like Netflix offer large sums of money for the movie rights. You think I am kidding? Consider the BBC giving us (at https://www.bbc.com/news/technology-61966824) ‘Missing crypto queen: Is Dr Ruja Ignatova the biggest Bitcoin holder?’ There we see “The scammer disappeared in 2017 as her cryptocurrency OneCoin was at its height – attracting billions from investors. Fraud and money-laundering charges in the US have led to her becoming one of the FBI’s 10 most wanted fugitives. The Oxford-educated entrepreneur told investors she had created the “Bitcoin killer”, but the files suggest she secretly amassed billions in her rival currency before she disappeared.” With the added “Details first surfaced in 2021 in leaked documents from Dubai’s courts, posted online by a lawyer who crowned Dr Ruja – as she’s known – the “most successful criminal in history”” so what gives rise to this article? Well that is the nice part. I first crossed virtual paths with her in ‘The citizen model’ (at https://lawlordtobe.com/2021/11/03/the-citizen-model/) it was November 2021. And there I wrote “apart from the stage of Fraud and scamming, she broke no laws, she was extremely careful not to break any. Then on 25 October that year she boarded a Ryanair flight from Sofia to Athens, and vanished off the face of the Earth.” We got to the fact that a lease was signed in 2016 and we were in addition given “the lease was signed in August 2016, financial regulators in at least one European country had already issued a warning about OneCoin. A few months earlier, Dr Ruja had pleaded guilty to fraud and other charges in a German court, after bankrupting a metal factory she’d bought and leaving 150 people jobless in 2011” as such there were issues going back to 2011. And in 2022 (7 hours ago) we see she is now FBI’s top 10 people. The law required 6 years, 6 years where she lived as the queen she was labeled to be. Optionally having a high-rise floor in Dubai with views like this

As her ‘personal’ retirement place. Reading books, watching movies, drinking and having whatever she needs delivered to her floor, or the office of her personal assistant. 6 years and optionally 6 more years, or perhaps even 16 more years. Now you might want to go that way and try to become the next whatever it is you think you’ll be. Yet like quarterbacks, Nobel winners and Stanley cup holders, very few get there and those who do not will be made an example of, that is the only direction the law can go now. They need to rectify 6 years of blunders on one case alone. The UK (London) will have to adjust their secrecy policy on housing and there is a lot more that needs to happen. In the end there is no way telling where this goes, but the one criminal who got away with well over 5 billion might be the last one in generations to do so.

The simple truth is now becoming that either they make sure that the story of ‘Crime does not pay’ becomes a reality or chaos will be the next hurdle they face and as far as I can tell, there is no western government that can properly deal with any kind of chaos. They fear it more than crime. It is one of the hard lessons the UK learned last year, and a few other governments learned this lesson the hard way too. The pandemic made that crystal clear. And in a world where some freedom of movement remains, these criminals will be hard pushed to get to any place where they are not wanted, where they can hide in luxury like hermits, their houses beyond large, beyond well equipped and beyond reproach and that is where they will spend the next two decades as the world goes under through war, poverty and lack of resources. They got out in time and Dr Ruja Ignatova might be the last one to do so. In the mean time the FBI is looking for her in places where they have no jurisdiction, where they get no cooperation and they can look and state “She is not in the US”, which might have been the one mistake Ghislaine Maxwell had made. For some people crime paid better and it is still the foundation of their lavish lifestyle until 2050. After that people like Dr Ruja Ignatova will offer their life story for immunity and money to Netflix and some will treasure that approach because in a world of revenue cash is king, and most likely always will be.

Leave a comment

Filed under Finance, Law, Media, Politics

An apolitical setting

That is where I find myself. It comes from the BBC with the article ‘Ukraine anger as Macron says ‘Don’t humiliate Russia’’ (at https://www.bbc.com/news/world-europe-61691816). I see the dangers, I see the anger and I see the fears. We are given “Ukraine’s foreign minister has hit out at French President Emmanuel Macron after he said it was vital that Russia was not humiliated over its invasion”, we are also given “Mr Macron has repeatedly spoken to Mr Putin by phone in an effort to broker a ceasefire and negotiations. The French attempts to maintain a dialogue with the Kremlin leader contrast with the US and UK positions.” Now we all feel that Russia needs to lose and the Ukraine has (for the most) clearly shown that, but the defeat needs to be worse than that. I am for the most on the side of the US and UK. Yet there is visible wisdom on the side of France. You see Russia might still at some point embrace ‘In for a penny, in for a pound’ and that is the danger setting. You see, if that pound is nuclear driven there is every chance that life in France will end, as will it all over Europe, the UK and the US. But for France the cost is larger. The top exports from France will be gone forever. It will start with end of the cheese and wine clubs. This might be seem trivial, but consider that this stage will end for ALL ETERNITY French wines and French cheeses. Yes, Sweden has good cheese, Wisconsin has good cheeses, as does the Netherlands. Good wines are allegedly found in California, they are found in Italy, Greece and South Australia as well as in New Zealand. Should this go South, it will no longer be available from France. So I get the stance of France. 

If we believe that the players could be swayed by political settings, keeping one open seems imperative. Yet the setting that defeat needs to be more pronounced is also essential. I feel that it is important that after September 30th it will no longer be allowed for Russians to hold property and/or businesses outside of Russia. They cannot have anything to say in non-Russian nations. When you consider the Russian billionaires in the field and their fortunes will be destined by yachting between Dubai and Russian territory their lust for life will diminish. The family of Russians  will not be allowed schooling and life outside of Russia. When this setting is seen over generations, we see the unrest that Russia faces. It will be a situation that goes far beyond Moscow on the Hudson. As such I to a point support the setting that President Macron sets with “Mr Macron told French regional media that Russia’s leader had “isolated himself”.

“I think, and I told him, that he made a historic and fundamental error for his people, for himself and for history,” he said. “Isolating oneself is one thing, but being able to get out of it is a difficult path,” he added. Italy’s Prime Minister Mario Draghi has aligned himself with Mr Macron, suggesting Europe wants “some credible negotiations”.” Yet I do believe that there will be the essential need for a larger cost to the Russian people. I have had some issues with the economic assault on people like Roman Abramovich, but the time has passed and they have (for the most) not spoken out loudly enough against the acts of the Russian state, its acts in Ukraine and it gets to be worse. The recent burning down of the All Saints Skete of the Holy Dormition Sviatohirsk Lavra in the city of Sviatohirsk, Donetsk region is merely one of the most visible settings and there needs to be a price to pay for all Russians. So to some degree I side with President Macron, but that setting is not sailing when we give a pass to certain people after the war. That much WW2 has shown us a little too clearly. So whatever comes next, Russia needs to realise that the invoice is due and it will be staggeringly high, higher than the one Germany was given on 28 June 1919 in Versailles. We can flicker over the treaty required that Germany pay financial reparations, disarm, lose territory, and give up all of its overseas colonies. We can also look at the simple setting that in that same treaty they were given the limitations of

  • The German army was limited to 100,000 men.
  • Conscription (forced army service) was banned; soldiers had to be volunteers.
  • Germany was not allowed armoured vehicles, submarines or aircraft.
  • The navy could build only six battleships.
  • The Rhineland became a demilitarised zone.

In Russian terms it means that they will be limited to protecting the China-Russia border, because the setting will play after this one. And controlling that much area with 6 ships? Good luck with that idea. Optionally only 5 as they lost another one in the Ukraine. As such I reckon that the Russian oligarchs will sell whatever they have and quietly live out their days in places like Dubai. It is not a given, merely a speculation.

Leave a comment

Filed under Finance, Media, Military, Politics

Dangerous ally

That happens, we have enemies, impartial parties, friends and allies. This is how it has been for the longest of times. Yet what happens when an ally becomes a danger? That is what the CBC (at https://www.cbc.ca/news/politics/national-security-us-fox-news-threat-report-1.6459660) gives us with: ‘Canada should rethink relationship with U.S. as democratic ‘backsliding’ worsens: security experts’. In this article we are given ““The United States is and will remain our closest ally, but it could also become a source of threat and instability,” says a newly published report written by a task force of former national security advisers, former Canadian Security Intelligence Service (CSIS) directors, ex-deputy ministers, former ambassadors and academics. Members of the group have advised both Prime Minister Justin Trudeau and former prime minister Stephen Harper.” That at least is one side. Yet the stage we see here is a little larger than we think it is. You see, we are given “There are growing transnational ties between right-wing extremists here and in the U.S., the movement of funds, the movement of people, the movement of ideas, the encouragement, the support by media, such as Fox News and other conservative media,” I believe that they are missing a few bolts in that equation. As I personally see it, the media is a lot more guilty from my point of view. At present the media is desperate for digital dollars and we see this on a global level. The best way to get this is to get clicks, as such more and more flammable materials are published, just to get clicks. No matter what the consequences are. In this I give you the guardian who gave us (at https://www.theguardian.com/world/2021/oct/22/rightwing-us-pundit-candace-owens-compares-australian-government-to-the-taliban-calling-it-a-tyrannical-police-state-) last October. There we are given “Rightwing US pundit Candace Owens compares Australian government to the Taliban, calling it a ‘tyrannical police state’” In that article we are given “Outspoken conservative political commentator Candace Owens has suggested the US military invade Australia in order to free its people “suffering under a totalitarian regime” while drawing comparisons to Hitler, Stalin and the Taliban.” As such, lets relabel Candace Owens as ‘Black Putin’, with her telling the people “When do we deploy troops to Australia? When do we invade Australia and free an oppressed people who are suffering under a totalitarian regime? When do we spend trillions of dollars to spread democracy in Australia?” Wasn’t that the setting Vladimir Putin used to go into the Ukraine? How is that going?

A Commonwealth nation that has shown it has Freedom of speech, freedom of religion (a lot more than the US has), it has democratic elections and so far after decades, I have yet to see a police state in action in Australia. So which media asked this Black Putin for evidence of a police state? Which media asked this Black Putin for evidence of oppression in Australia and what evidence is there of a totalitarian regime? She is ‘tolerated’ by the media as she flames stuff, she brings in the digital dollars. That is how I personally see it.

So in the report (see below) we are also given “Yet Canadians and their governments rarely take national security seriously. Taking shelter under the American umbrella has worked well for us. This has made us complacent and paved the way for our neglect of national security.” This is true and as the US falters the pressure on Canada increases. I did make mention of something similar to this, but not to this degree and it was a while back. Yet the danger station remains, when the US collapses (which is still possible) the people will try to find a safe haven, and Canada will top their list. Consider the idea that Canada suddenly needs to deal with 5-15 million Americans trying the collapse in their own country, Canada is not ready, more important. Canadian National security is nowhere near ready for that nightmare scenario. In addition, as I personally see it, the Putin’s of America (black or not) will gladly throw oil on that fire to get more digital dollars out of all of it. 

And the Ukraine adds to that setting with “Russia’s brutal invasion of Ukraine in early 2022, with its deliberate targeting of civilians and underlying threat of nuclear war, has jolted even the most sanguine of western democracies into thinking anew about security. Ahead lies a period of escalating tensions with no clear end in sight” as such the Commonwealth needs to take steps, serious steps towards keeping its territories safe, any way they can. Canada has of course the largest problem. It has 8890km of border with the US and there is no way that this can ever be kept safe or untrodden, so other means will be needed to keep Canada safe. What they are, your guess is as good as mine. But this will come to blows there is no doubt in my mind. Even now we see more and more stories and articles about the decline of the US, but they are trivialised, even the ones from the Pentagon. The power players are all in the believe that it will not happen, but they have their millions safely in a zero tax haven like Dubai, Bahama’s, Monaco or Cayman Islands. When things go south fast they take personal leave get to where they need to be and resign their posts with loads of cash safely tucked away. When that escalated the people will start running and those without cash will try to get anywhere they can and that group is a lot larger than you think. Last year all these people who got into Bitcoin, because it was such a safe bet, what they bought at 87K is now a mere 41K, they lost over 50% and when it goes from bad to worse the US will become close to unliveable. And that is what Canada needs to fear, almost more than any lone wolf terrorist. In all this, with all the things we see 2022 is the first year where several players need to consider that America has become a dangerous ally. It is not the military that Canada needs to fear, it is a senseless 329,000,000 people all trying to find some safe haven and the group that is in poverty and the elderly pushed into poverty is large and growing larger by the day. When we consider “The official poverty rate in 2020 was 11.4 percent, up 1.0 percentage point from 10.5 percent in 2019.” We think it is not that serious, but the last two years destroyed savings due to the cost of living under Covid and Bitcoins value for millions of people. There is no way that they US has accurate data at present and that is not on them, but I reckon (speculated estimation) that it is closer to 13.5% at present. As such there is a chance that as per tomorrow 4.4 million Americans will seek shelter any place they can and a sizeable chunk of those 4.4 million will no longer believe that the US can offer that. Even now with unemployment numbers at a global all time low, too many will consider the ‘get out now’ routine. Because if the US has worker issues, than Canada might have them too. Not the worst thought to have, but when millions have that thought at the same time, Canada will face a larger problem and that is before the actual national security problems stir their ugly head. I believe that the Commonwealth nations need to unite and we need to do this now, not tomorrow. Things might get pretty hairy soon enough and not being ready just doesn’t slice the cake, not in this day and age.

Leave a comment

Filed under Finance, Media, Military, Politics, Science

The questions not asked

We get that there are unanswered questions, there always are, but what of the questions no one is asking and more important, why are these questions not asked to begin with.

That was the state of mind I had when I was confronted with ‘Saudi-led coalition hits Yemen rebel camp in capital Sanaa’. In the first is that the western media is massively absent here. It seems that some of the stakeholders need to compose themselves after too much Christmas dinner and snacks. Even when you see something in the news, it will be mostly ‘Saudi bashing’, yet the question that should be on our minds is seen with this quote “the attack was a response to ‘an attempt to transfer weapons’ by the Yemeni rebel group”. You see, after all these years there are weapon transfers? A cluster of weapons to this degree, the degree that clears an airstrike implies that someone is arming the Houthi forces. So after all the bitches stop whining about arming Saudi’s, we see clear indication that someone is arming the Houthi’s (aka Iran), but we see no whining there, do we? We have not seen any whining on that side of the fence for way too long, so why is that?

So then we get to the partly replicated quote “The coalition, which backs Yemen’s internationally recognised government against the Houthis in the civil war, said it destroyed weapons storehouses in the rebel-held capital, according to the official Saudi Press Agency (SPA).” Yet it holds two elements. The first is “destroyed weapons storehouses” which implies larger collections of arms and we see an absence of that reporting for the longest of times. The second one is that we see the western press ignoring or avoiding the SPA (Saudi Press Agency), why is that? 

And now, only minutes ago the Khaleej Times (UAE Newspaper in Dubai) gives us ‘Saudi-led Coalition says Iran, Hezbollah aid Houthi militias in Yemen’ (at https://www.khaleejtimes.com/gulf/saudi-led-coalition-says-iran-hezbollah-aid-houthi-militias-in-yemen) I knew about Iran, they are not much of a surprise. I knew about the activities by Hezbollah as well, but seeing Hezbollah in this setting in the media is rather scarce, the western media for the most avoided it, they have political games in Beirut, they do not need these revelations, I merely wonder why not?

You see, if Hezbollah (apparently speaking for all Palestine) wants help, they better come forward with the list of activities that they are involved in, I am not holding my breath on their stupid actions that blew up Beirut, they are all hiding from that massive (pardon the expression) fuck up.

And when we let the claim sink in. The claim that tells us “Arab Coalition spokesman presents proofs of Hezbollah militants’ support to Houthi’s attack on Saudi Arabia”, we see the danger Palestine now faces. You see instigating war by ATTACKING Saudi Arabia has larger consequences. Palestine is now in danger of alienating Egypt as well as Jordan in this and that is a stage they cannot afford, you see Iran cannot cover all their needs and the backlash will be large and so far the western media ignores it. They might think ‘If we ignore this, it will go away’. There is the speculation that they all watched the movie ‘Don’t look up’, but it is a speculation given by but a few people. 

The accusation is there and the evidence was shown by Turki Al Malki “Malki showed reporters a video clip which depicted “the headquarters of Iranian and Hezbollah experts at the airport” where, he alleged “Hezbollah is training the Houthis to booby-trap and use drones”.” It is as suspected a few times, but this is the first time I see that there is a decent level of evidence. In this light it will be important and essential for the EU, UK and US to stop ALL AID to Palestine until matters are resolved. That setting also comes with a new alleged setting of evidence. If Hezbollah is still training Houthi forces on using drones (which might be fair enough), it also means that Houthi Forces could NEVER have hit Aramco the way they did. That was out in the open for almost 2 years. With this evidence we see the first brick unveiled that the attack was done by Iran, optionally with Hezbollah but Houthi forces could never have hit Aramco to the degree it was. Yet I reckon that the media, the western media will ignore it more and again, it will be too uncomfortable to the people the media reports to and I can tell you right now that the people were never a consideration here.

A stage that was out in the open for the longest of times and it is also riddled with questions we never saw asked, why is that and why is the reporting on these events so one sided, not by them, by us? We are so about freedom and the right of expression, so why do we express that right by keeping silent on what we see, we keep silent of what is clearly out there and we keep silent on Iran and Hezbollah. Why is that? When you know the answer to these two questions you will know a lot more than you think you do.

1 Comment

Filed under Media, Military, Politics

The blank stage

There is a stage, it remains blank. It is not a real stage, it is a stage in our minds. We all have one, there is no exclusion. Yet there is also a stage that we fill with assumptions, with presumptions and with unspoken accusations. We all do it, I do, and you do too. This all started during the night. I dreamt a new story, a dark one, for my doing a really dark one. It is set around the corrupt, a smitten hard burning love at first sight and the rage that follows. My mind is currently naming it ‘Wrath’, it is not merely the wrath of a person, it becomes an escalation when the people had enough, when they are pushed into a corner too hard, not unlike the main character and their response will be ‘interesting’. I need to do a little more research, but the law cases I saw in Australia seem to cover a lot, I reckon that if I look harder in the US I will have all the legal settings ready for the story (if I get around to it). I am still filling in the blanks in ‘Keno Diastima’ and I only have the smallest of basic foundations of ‘Vita Exhauriunt’. Most of ‘How to assassinate a politician’ is complete, but there I feel that more needs to be done, I need to add a cog, a need to add a few more parts. This is hardly a one hour story. But then, I never published an actual script before. Yet I reckon that ‘Wrath’ might open the doors to two of these solutions. So as I started to surf the internet to see if something could wake up my mind, I saw something else. Something I wrote about, something the media at large seems to ignore. So when we get to the story two days ago by the ICIJ ‘Pandora Papers journalists face government backlash for investigating financial secrecy’ (at https://www.icij.org/investigations/pandora-papers/pandora-papers-journalists-face-government-backlash-for-investigating-financial-secrecy/) something stirred in me. It was the quote “The Pandora Papers is a global investigation led by ICIJ, published earlier this month, that included more than 600 journalists representing 150 partner media organisations from 117 countries and territories. Based on a leak of 11.9 million documents of 14 offshore services providers, the trove revealed the secret holdings of more than 330 politicians and high-level public officials in more than 90 countries and territories, including 35 country leaders. Ambassadors, mayors and ministers,  presidential advisers, generals and a central bank governor appear in the files”, I almost had forgotten about it. The station that this was a leak, it was not. When we see “14 offshore services providers” all whilst at least two of them have above average protection, this has not a leak. This was a hack, a hack by a government player (most likely the USA) the tax issue is setting the wrong steps, there was a delay, but that delay runs out in 8 weeks and in 6 weeks the ‘tax the rich’ BS starts all over again. In all this time the ICIJ NEVER gave anyone a top line summary. Things like nations involved, like nations with the amount of politicians involved. Not names, a mere tally. So far the ICIJ sounds as useless as the stories they give us and when it comes to stories, I am seemingly better then they could ever hope to be. 600 journalists and no one in all that time create a dashboard for the people to see the impact. We see accusations against Tony Blair, yet they also hid inside the story that he did not break any laws, so how useless is that. Apart from the screaming need to overhaul tax laws, something I have been advocating for well over a decade and the NSA hack (the most likely player) was not required. And the agreement, or better stated the quoted agreement that the ICIJ would not go after the source is even more lame. How stupid do 600 journalists need to get? In the end there is a chance that some of them will move ALL their wealth to Nassau, Dubai, or Riyadh giving the other nations ever more to worry about. There are options for Guernsey, Jersey and Monaco. The US and a few more places would lose out, Wall Street would suffer greatly (not the worst idea) and that is merely thee beginning, the EU would also suffer to a much larger degree, all because a few players would not clean their rooms when they were supposed to do that (2009-2011), it has been playing for well over a decade and as people are flim-flammed into looking at environmental issues, we see that the media still has not taken a hard look at the European Environmental Agency report that has been out now for almost a year. Why is that? Is a hard look into the mirror not sexy enough?

Now, we might all think of giving the ICIJ and their 600 journalists time, but they’ve had months, and so far the setting of a dashboard that gives us the stage of no laws broken (especially the billionaires that have pushed through legally available  means their fortune in zero tax havens) should cover well over 60% of these documents (a fictive number). The simplest setting that you all can see is the missing tally, the guardian gave us a tally of what to look through, but they had the 330 politicians, so that part could have been clearly given and a dashboard does not show criminal sides, it is merely that a tally, but I reckon that the tally shows that most of these people are in places the bulk of us do not give a hoot about, just like the billionaires. How many are people of royalty from some Arabian nation? Then we get to the remaining billionaires and we will see that they broke no laws, when you get to that point you get to the stage how useless the ICIJ was from day one and how they blow their own horn whilst these 600 people might be obsolete. I cannot guarantee that, but the assumption might not be far off. 

The blank stage is filled, and as assumption and presumption shake hands the stage goes from black and white to a malleable version of grey where we cannot see the difference between the black and the white. It was that from the very beginning, I pretty much predicted that in the first hour. 

Leave a comment

Filed under Finance, Law, Media, Politics

Is wealth $$$?

An article threw me yesterday. It was given by the Dutch News agency NOS, it was not merely the title, it was the entire setting that threw me. So as we are considering the translated title ‘Dutch in 4th place richest citizens worldwide’ (at https://nos.nl/artikel/2401433-nederlanders-wereldwijd-op-4de-plek-rijkste-burgers) we should consider the list that Allianz seemingly gives the viewers. In that list we see: 

  1. USA (218.000 euro) 
  2. Switzerland (212.000 euro)
  3. Denmark (149.000 euro)
  4. Netherlands (129.000 euro)

Now, that would be fine were it not that there is a place in Europe called Monaco where the average wealth is 1,824,177 Euros, it might be all those billionaires and multi millionaires in that place. Then there is Luxembourg with the average 663,661 euro’s and that took seconds to check, so what does Allianz think it is doing? They give us “The report ranks the assets and debts of nearly 60 countries” I see this as a report that heralds filtered information bringing. Some call it lying but I think they are bonkers. It seems that news, the media, and politicians are all about filtering the information. It reminds me of someone. Ah yes, was that not a premise in George Orwells 1984 as well? 

And when we reconsider “nearly 60 countries” what are the chances that none of the zero tax nations are part of that? And when we consider “Switzerland ranks well on the list because the country attracts a lot of wealthy people, due to its low taxes.” Might this all be a ruse? I have no idea where they are going with all that, but they have a plan. A place like Allianz has the German grundlichkeit, so something is up. Now if that report had a separate section for Zero tax nations I might have had some peace with it. Yet when we search further we see “According to BMO, the average Canadian household now has more than $1 million in total assets, even after accounting for debt”, we got that last July, as such is seems that the average Canadian is twice as wealthy as an American, so what is Allianz doing this and more important, what the fuck is the Dutch NOS doing publishing an article without proper vetting? 

And that leaves us to think, is wealth really about ‘$$$’, ‘£££’, or ‘€€€’? Me and many others (especially as we do not have it) believe it to be so, but I will accept that money gives less complications and as such we would be happier. And there we have the rub, do we really have less complications as we are being lied to? 

In this is filtering the information we get a new form of lying? That took me back to 1984 (not the year). I remember when I read it and a few parts never made sense. One of those were “But if thought corrupts language, language can also corrupt thought”, I had an issue because if we (me claiming to be me) are of pure thought (not some paedophilic clergy edition) how can we be corrupted? I learned that over the years. I was lied to from basic school onwards. The christian invasion in the middle east was not to protect any land, not even a fictive holy one, so as we go on we were lied to more and more and it was not a point of view, the Crusades gave us that part. It would be a few more years as I got a hold of one sided information and later on filtered information the circle was nearly complete and now we see a larger stage, the last bastions of actual news reporting are now falling. The pointing powers behind the screens are now afraid of everything that comes and they will force new slogans like ‘tax the rich’ onto the people setting us up for some small version of civic war, but they will call it something else. Some form of social war. 

Yet there is more, The Global Wealth Report 2021 (at https://www.eulerhermes.com/content/dam/onemarketing/ehndbx/eulerhermes_com/en_gl/erd/publications/pdf/2021_10_07_Global-Wealth-Report.pdf) gives us more. Allianz gave that report to the world and even as the NOS bongs it, it does not mean that I need to do the same, does it? And on page 38 I see the first part, the part that shows grundlichkeit. There we see “Debt in the US represents 81.5% of output, while in Canada household liabilities are 114.7% of GDP. The ratio increased substantially from 2019 (US: 76.6%; CAN: 105.3%), not so much because of the increase in liabilities, which was also at highs not seen since 2007 (EUR522bn), but rather because of the sharp economic contraction of 2020”, as well as “There are still 2mn borrowers in debt forbearance who are vulnerable to financial distress once the forbearance programs come to an end. As of today, debt delinquency is not a problem. But going forward, when the pandemic protections expire, the historical debt burden in the US, not just among households, but also related to the government, might become a risk factor in the road to recovery.” OK, so that sounds better, well not that much better but at least there is a large solid pedestal it is all build on. On page 19 we see some graphs that explain the list (even as Switzerland was number one) and the other charts show that there is a larger story and we also see that none of the Zero Tax places are included. 

So as a non-economist I do grasp decent parts of the report, but what boggles the mind is how the NOS set the stage to what it published. Especially when we consider page 38 giving us “the historical debt burden in the US, not just among households, but also related to the government, might become a risk factor in the road to recovery.” When we read this with a debt of $28,000,000,000,000 How are they the richest player? When that debt goes south, they will be worse off than Mexico ever was (my speculated view). And when we see the list on page 52, we see where the NOS got its list, yet when we consider ‘by net financial assets per capita’ or to the right of that where the Swiss are number one and USA is number two giving us ‘by gross financial assets per capita’, I feel there is a lot missing (mainly that I am not seeing it all), but the report does show a whole range of issues. It also gave me the surprising view that Germany is way behind nations like Belgium, New Zealand, Italy, France and Israel. A stage I never expected, but that happens when you have a partial view, I personally believe that this is report is a partial view but that is not a bad thing. It is not some filtered view, it is a partial view of the elements that set the assets and equities (a stage that I feel happy I never understood). And that is not on Allianz, but the flaky article that the NOS is giving its Dutch citizens is on the NOS. For the life of me I have no idea where they expected to go, a 55 page report created by a dozen economists reduced to a 5 bullet-point article by someone who could never have been an economist. That’s today’s media for you. 

Leave a comment

Filed under Finance

We are the tools

Yes, we are, you, me, we all are and the evidence is all out there. So let’s start with the global comic relieve that we call the ICIJ (International Consortium of Investigative Journalists). We all see the headlines, global headlines and 600 secretaries (they call themselves journalists) are out there giving us what we think are the goods. To phrase an example we take a look at the Sydney Morning Herald (at https://www.smh.com.au/business/the-economy/australia-has-become-a-go-to-destination-for-dirty-money-leaks-reveal-nation-s-tax-weaknesses-20211007-p58y2i.html) it is a mere example what is going on out there. A collection of people no one head about, no one cared about. A collection of tits and dicks all striking their own ego, their own needs and the audience is gobbling it up. So when we are given phrases like “ALP senator Deborah O’Neill has launched an inquiry into Australia’s AML-CTF regime and is seeking industry feedback on the costs and benefits of broadening our laws to include accountants and lawyers to bring Australian laws into line with international standards to prevent financial crime” Yet here is the problem. It is ‘prevent financial crime’, in this that we also see from other sources “the line between tax avoidance and tax evasion has become so blurred we need to act against both” and there is the real problem, a stage I told people for well over a decade. Tax laws need overhaul on a global stage. And the setting too often is that there were no laws broken, these people might act against the spirit of the law, but they NEVER broke the law. And that is the stage, 600 typing tutors cannot give us the goods, because as I speculate, the real goods were never there. Yet someone in the ICIJ decided not to investigate the origins. Interesting not? So whilst we focus on “Avoidance meant arranging your affairs so tax wasn’t due”, whilst we consider that politicians have given the wealthy and rich a little too much leeway these politicians are now hiding under rocks and they do not want the limelight. And whilst some are considering “It isn’t illegal for the celebrity or a politician to move their money (so long as it is theirs to begin with). Assets within the trust are subject to local tax laws (sometimes zero tax) and local secrecy laws (sometimes complete secrecy)”, they will get the idea that places like Monaco, Cayman Islands and Dubai have appeal to many people with a piggy bank that holds an 8-figure number or more. So when we see all these papers give us “the documents were linked to more than 330 politicians and public officials, including 35 current and former national leaders, in more than 91 countries and territories”, as well as mentions of billionaires and no one gave us a clear top-line setting, I saw one, just one in a stage with dozens of papers and on less than 50% of the politicians involved. Yet none in the US, none in Canada, none in Australia or New Zealand, it is optionally possible, but 50% of that rundown was missing. And 600 secretaries had no time to look into it? As papers keep on handing us “a two-year effort to sift through 11.9 million confidential files leaked to it, aided in that effort by more than 600 journalists from 150 media outlets.” No one had the idea to give us a tally, a top-line? So far how many give us a list of ACTUAL criminal events? Tax Avoidance is not illegal, owning and residing in a zero tax nation is not illegal, so what is this about?

Now consider another station I made mention on. Consider the names Jacob A. Frenkel, Tharman Shanmugaratnam, Guillermo Ortiz, Jean-Claude Trichet, Geoffrey Bell, Roger W. Ferguson, Jr., Arminio Fraga, Kenneth Rogoff, Janet Yellen, Zhou Xiaochuan, Domingo Cavallo, Mario Draghi, Yi Gang, Carmen Reinhart, Maria Ramos, Klaas Knot, Philipp Hildebrand and Kenneth Rogoff. All part of the G30 bankers list, no mention at all? These people move trillions, there is no way that there is no mention of them in any way, but the press seemingly avoided that small part, or the source data was stricken of them, making this an exercise of some sorts and no one caught on? How come?

And this is not in you, that is on the members of the media (including those who think that they are journalists, or got the degree and faked their way through life). 

A simple setting of bankrupt nations painting the wealthy as the criminals, all whilst the politicians were a lot more to blame in all of this, 2 decades of ignored overhauls and no one catches on? 

The sanctimonious BS that the media is feeding us sickens me, it really does.

Leave a comment

Filed under Finance, Law, Media, Politics

A disregarded shelter setting

The Guardian was at it again and they are not doing anything wrong (at least I think they aren’t) but the stage created is calling for a nice stage and it is getting close to immediate that we take a hard look at the meaning of hypocrisy. 

The article ‘Pandora papers: biggest ever leak of offshore data exposes financial secrets of rich and powerful’ (at https://www.theguardian.com/news/2021/oct/03/pandora-papers-biggest-ever-leak-of-offshore-data-exposes-financial-secrets-of-rich-and-powerful) gives us a few items and before you think we are digging into the air, lets take a look at a few essential parts. It starts with “companies hired by wealthy clients to create offshore structures and trusts in tax havens such as Panama, Dubai, Monaco, Switzerland and the Cayman Islands” first, this is not an illegal act, then we need to look at Monaco and Dubai. Monaco gives us over two sources “You can apply for a Carte de Residence once you have an address in Monaco (either bought or rented a property for a minimum of a year). You must also agree to live there for more than three months of the year. Resident individuals are not subject to personal income tax in the Principality of Monaco”, now this is not the easiest setting as decent apartments tend to start at €3,000,000 going up to €387,000,000. As such I wish you good luck finding something you like. In Dubai we see “There is currently no personal income tax in the United Arab Emirates. As such, there are no individual tax registration or reporting obligations.” These are called tax havens and they are perfectly legal. It is the way THAT nation operates and it works for them, so when we see the Guardian give us “But the secrecy offered by tax havens has at times proven attractive to tax evaders, fraudsters and money launderers, some of whom are exposed in the files”, which is a debatable setting. You see someone who takes effort in buying an apartment in Monaco or Dubai, or most of these places is not a tax evader, that person is involved with tax avoidance and it is not the same. Black letter lawyers found a setting where the rules work FOR their clients and they are allowed to do this. Yet the Guardian inserts ‘tax evader’ whilst knowingly adding “some of whom are exposed in the files”, some implying not all and some is seemingly inserted hoping that the people are flamed to the list of “more than 100 billionaires, 30 world leaders and 300 public officials” hoping that they are all painted by the flamed audience. And in light of this, did anyone take a long hard look at “the cache includes 11.9m files from companies hired by” what is not looked at is the source of that information and how that source got the information. A setting not dissimilar from my article ‘The same gramophone’ on September 16th (at https://lawlordtobe.com/2021/09/16/the-same-gramophone/) regarding Pegasus and in light of evidence given (lack thereof) to the people by the Washington Post an interesting repetition of flames lacking evidence. The article on tax issues does not once, NOT ONCE mention tax avoidance, or give the setting of tax evasion versus tax avoidance. One is illegal the other is not. In this the text “They also shine a light on the secret finances of more than 300 other public officials such as government ministers, judges, mayors and military generals in more than 90 countries” could be seen as “They also shine a light on the private finances of more than 300 other public officials such as government ministers, judges, mayors and military generals in more than 90 countries”, yet they chose to not use the word Private did they? Private and non evidence could be seen as intrusive and harassing, the media really does not like it when their actions are seen in that way. 

My view?
You see if there was clear ‘tax evasion’ we would be getting this, instead of “leaked data with select media partners including the Guardian, BBC Panorama, Le Monde and the Washington Post. More than 600 journalists have sifted through the files as part of a massive global investigation”, so are they incompetent or is there too little remaining? The price of 600 journalists cannot be cheap so the more they flame, the more they ‘earn’ back, but that part is not really given is it? There is no top-line, a flaw we have seen more than once before. If it was clear 300 people can be shown in a top-line like Nation, government, non government easily enough. That would take an hour, perhaps two, but we do not get to see that, do we? We also get all kinds of embossed examples, with the added text “This is the Panama papers on steroids, it’s broader, richer and has more detail”, my view would be, then give it Ryle you dumb fuck! Do not posture, present facts! The top-line, the setting of tax evasion versus tax avoidance and a few other facts, including the source of the data, but we do not get any of that, do we?

I see it as a mere approach to the upcoming US debt ceiling and someone flaming that if ‘they’ had paid their taxes, there would not be an issue. Well, my view “Well, you stupid fucks, if you had clearly focussed on the tax laws that needed an overhaul for THREE DECADES we might not be in this mess either!” So whilst we are given “The files include disclosures about major donors to the Conservative party, raising difficult questions for Boris Johnson as his party meets for its annual conference”, an anti-tory smear setting. No matter who donates and to what party, if these people are not proven criminals, there would be no issue and I wonder how far these 600 journalists got. So when we consider “Many use shell companies to hold luxury items such as property and yachts, as well as incognito bank accounts” we need to see whether laws were broken and let’s be clear, they stated that these are people in over 90 countries. So which have laws against these acts and if they have an address in Monaco or Dubai, are any laws broken? This took me 5 minutes and we see a lack of a lot in one article seemingly the source of 600 journalists. 

I personally see only one option for a person like Gerard Ryle. Either give us that top-line clearly or become an Uber driver. As I personally see it, someone posturing absent of evidence should be somewhere else, not be some director of the International Consortium of Investigative Journalists, but that is merely my call on the matter we see here now.

Oh, and before I forget the meaning of Hypocrisy is “the practice of claiming to have higher standards or more noble beliefs than is the case”, a setting too many journalists fall into lately.

Leave a comment

Filed under Finance, Law, Media, Politics

Would it still be news?

We get that at times. A question regarding the news, not what they bring, but what they are. I was left with a few questions today when I took notice of ‘Saudi news channels start moving operations out of Dubai’ (at https://www.aljazeera.com/economy/2021/9/1/saudi-news-channels-start-moving-operations-out-of-dubai). Just as the BBC is in London, the NOS is in the Netherlands (Hilversum), Swedish News is predominantly in Stockholm. I always assumed that Saudi News was in Riyadh, so to see that they were in Dubai which is a nice and large town in another nation was a little bit of a surprise. So as I take notice of “Riyadh has told international firms to put their MidEast hubs there by the start of 2024 or risk losing out on business” has a certain amount of sense.

The question becomes who offers more, Dubai or Riyadh? I am not talking money, even though for the international stations that will be some part of it. Dubai has its yachts, its connected jet-setting, yet what does Riyadh offer? It is a genuine question. I must admit that I only recently saw Riyadh through the eyes of YouTuber Jason Billiam Travel, and he did an excellent job, if you have never been to the Kingdom of Saudi Arabia, the view that (at https://www.youtube.com/watch?v=Xk_4wPK6oks) where I got my first glimpse of the Kingdom Tower at the beginning of the video no less. He was able to give me a clear impression that Riyadh, the capital is larger than the entire nation of Bahrein and he gives us a lot more over several movies, more on Riyadh and more on the Kingdom of Saudi Arabia. There is one element that there is no yacht club in Saudi Arabia. If I had the ability to create one in Riyadh, I would. Even if it is just to set aside my sense of humour as the nearest decent amount of water is almost 400Km away (Sea of Dammam, aka the Persian gulf), so the idea to have a restaurant in the building that represents a yacht would be a fun idea. A place where 8 million people live and most have never seen a boat with their own eyes, so to create a concrete yacht that is a restaurant and optionally an international hotel will get the eyes of a lot of people. But we were talking about the news and Al Jazeera also gives us “Saudi Arabian news channels are starting to transfer operations out of Dubai amid a push by the country’s crown prince to get multinational companies to relocate their headquarters to the kingdom” and it makes sense, although it would have made initial more sense to have Saudi news offices in Saudi Arabia, but that is merely me and it is a thought that is based on the idea that news channels should be local. So when I see “Saudi Arabia has been pressuring international companies to put their Middle East hubs in the kingdom by the start of 2024 or risk losing out on business in the region’s largest economy” I do realise that too many people will focus on ‘pressuring international companies’, yet is that fair? Consider that the Kingdom of Saudi Arabia should award business to its local parties, so Dubai has benefitted with its Media centre to the largest degree for well over a decade. And the reason seen in “The move is intended to limit “economic leakage” and boost job creation” makes perfect sense. 

There are actually two additional reasons to contemplate, whether it is all news is in the middle. With that shift the media will get a lot more exposure to Neom city as well as the tourist visibility places that Riyadh has to offer, the Kingdom Tower is merely one of them. The Grand Mosque of Riyadh is according to many another one.  

The entire setting made me wonder why Saudi news was not set on a local premise in the first place. I am not saying it was wrong, I am merely wondering what was the reasoning in the first place. There are many valid reasons that come to mind, yet none of these have been tested at present and with Neom City now a mere 9 years away, the local presence seem to make more and more sense. There is of course more, there is a larger stage to promote Jeddah as well, we can argue that this could be done from either place, but I have seen on how minds get distracted from other places as the distance increases and Dubai is very far away from Jeddah, it is not enough a reason, but it is one and consider that in the last 24 hours globally ‘Neom’ was mentioned 10 times. One in Chinese, three in Arabic and the rest in English, in a world where there are thousands of publication, 10 mentions? Yes the news needs adjusting and perhaps it starts with getting the international news stations local. As I see it it is a lot less about economic leakage and more about ignoring Saudi events, in this the Houthi attacks on civilian Saudi targets might finally get the exposure it deserves. 

Will it still be news after the switch? I hope not, as it had been happening for too long, but that is merely my 2 coins on the subject. 

Leave a comment

Filed under Media