Tag Archives: Dubai

From bad to worse

This happens, things are not great and at that point someone states ‘watch this’ and opens the floodgates of disaster. This happened in part when Governor DeSantis decided to ‘douse the mouse’ an intensely stupid action if ever there was one. And now the CBC gives us (at https://www.cbc.ca/news/world/florida-travel-warnings-naacp-lgbtq-1.6850920) the simple headline ‘NAACP among civil rights groups warning tourists about Florida in wake of ‘hostile’ laws’. For those not aware, the NAACP (National Association for the Advancement of Coloured People) has set out a travel warning (at https://naacp.org/articles/naacp-issues-travel-advisory-florida) there we see “Florida is openly hostile toward African Americans, people of colour and LGBTQ+ individuals. Before traveling to Florida, please understand that the state of Florida devalues and marginalises the contributions of, and the challenges faced by African Americans and other communities of colour.” As such the one state that relies on its annual tourism revenue (2021) gives us “Florida visitors contributed $101.9 billion to Florida’s economy and supported over 1.7 million Florida jobs” that comes with “According to the Office of Economic and Demographic Research, for every $1 the state invests in VISIT FLORIDA, $3.27 in state tax revenue is generated”, if only 10% is lost, how much damage will Florida endure as this governor is vying for the seat of presidency and does this on a national level? In addition to what I wrote over the last week, we will see national revenues dwindle down with DeSantis in control of whatever get gets control of. It is even less interesting for the Republican Party as they are enduring two losers in their ranks in power in a decade and it could be a lot worse. And they are in turn empowering China and enabling Saudi Arabia in their own ways. Because in that setting there could be a massive push to grow a sort of Disney world in the United Arab Emirates, but founded much more on the Arabian nights and all kinds of Middle Eastern fairy tales. A setting that is not make believe. The existence of the Boulevard Riyadh City is evidence enough that a theme park a blended theme park could push tourism and revenue in the UAE to a decent amount and no matter how hetero sexual that cluster is, the actions by DeSantis is making them uneasy. The hostilities and the ‘Karen’s of America’ are making the people unwilling to visit the US, unwilling to chance disruptive activities and they are seeking it somewhere else and yes Disney-world Paris would be their first choice, but that place will fill up fast and too many people is a negative impact as well. No matter how we see it, to book for tickets for a place that is too often at 110% is no easy choice. The UAE already has the Dubai mall and from there growth becomes easier (not to mention the Ferrari park in Abu Dhabi) and as such the UAE will have a few options all over the land. And when they consider that this could open a market for millions on Indonesians as well (and depriving the US of even more) they have choices to consider. 

So whatever DeSantis thought he was doing, he will have crushed the Florida economy being the first Floridan governor to do so and this economy after all the covid lockdowns was not that strong to begin with. Basically he becomes the straw that broke the Florida’s Panthers back.

So as one state goes from bad to worse, how many other states will suffer that level of income loss? 

Enjoy the first day towards the next weekend.

Advertisement

Leave a comment

Filed under Finance, Media, Politics

Innovation in action

That is where we are, this happens and I end up being surprised, to a degree I had not expected. To see the full part of this, I need to take you back to 2022, where I wrote about a new version of racing game, a way to use Google Maps to create global race tracks. Some disagreed that this could ever work, but today I got the surprise of my life. 

I got to see innovation in action. The idea I had brought to light. Now, let’s be clear. This version has a different setting, but the same approach and I feel certain that Ollie Tyler has never heard of me, as such it is ALL him. This is how innovation works and that is why Microsoft will never amount to anything but through hype creation and spin. I personally hope that Ollie runs to Nintendo who has over 122 million Nintendo Switch units sold. At $2 per game that could end up being a massive amount of money for Ollie, he would be set for life. In addition he could offer it to Amazon Luna as they lack racing games. The part I love is that innovation will flourish with the people who embrace it, who at times use engineering to create art. As such I say Well done Ollie, well done.

So my day is ending on a high. I might not end up with anything, but this is one of several IP settings that come to light. Now that this is clearly in the open, it is time to talk to talk to Tencent Technologies, Mohamed Alabbar, Emaar Properties and Sheikh Mohammed bin Rashid Al Maktoum. You see, when several IP parts connect these people will end up with billions (I will get a slice of that cake), but in the end these are solutions that Google and Amazon left lying on the floor all whilst they were all about contracting economies. And my side? Several IP sides that I wrote about a long tome before these IP parts became a reality. I am not a programmer, but I have vision and I see the vision evolve all around me and that is good, especially when Microsoft is not invited to the table. Let them hunger for scraps, it is all they deserve in light of their gaming wannabe perspectives. 

Enjoy your day.

Leave a comment

Filed under Gaming, Science

Spend, spend, spend

Yes, that can be seen as spending three times over. We are of course referring to the debilitating debt the US has and now it is about to cost them a lot, in the larger stage this has had my attention for some time, but today three articles brought it to the top (yet again). The first one comes from the CBC (at https://www.cbc.ca/news/world/debt-ceiling-us-scrap-1.6836090) where we see ‘The U.S. debt limit is again stoking fears across the globe. Why not just scrap the thing?’ There are of course several answers to that part, but it is ““I don’t think there’s any reason to have it exist anymore,” said Douglas Holtz-Eakin, former director of the Congressional Budget Office, who is the current president of the right-wing think-tank American Action Forum.” I think that Douglas has been sniffing the alternative Gatorade. You see, if there was no reason to have credit limits, I would take out a $50M loan with my IP as collateral and move to Dubai. Have a nice one floor apartment and live of the rest with $300K a month at my disposal until the day I die. The reality is that we all have credit limits and most of us have a credit limit that is in the basement. As such nations and governments have limits as well. It is the idea that Americans think they do not have one, but that is a false assumption. It might have had a delusional ring of truth when they were a super power and when they had all the innovations, but they first off shored the knowledge they had because the board of directors had more bonus options, but they are now either retired or mostly dead. Now India has that power, now Saudi Arabia is the innovative player and now China is about to become the one true superpower. All negative things for the US, but this is what they wanted and they shunned Saudi Arabia too often and now they lose them as an ally as well. The one player that really has all the cash is shunned. Well done America! In the mean time spending went on and it was catered to by people who have close to no ash in the first place. Now the Fortune 100 have less American companies and several of them have a spin on what they really own. The largest players who really have things are Google, IBM, Amazon and Adobe. The rest are wannabe collapsing entities. There is Netflix, but they will be in turmoil for at least a year and there is no way to tell how they are pulling through. Facebook is under the gun and they are about to lose another segment, in the meantime Meta is nowhere near ready. 

So off to article two, this is Reuters (at https://www.reuters.com/markets/us-debt-standoff-overshadows-g7-finance-leaders-meeting-2023-05-11/) giving us ‘US debt standoff overshadows G7 finance leaders’ meeting’, which could be true. You see, Japan is in deep waters, optionally too deep, but that requires financial knowledge I do not have, what I think is the case, is that they are too deep in debt and when the US goes, so does Japan. The 7 nations are Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. Italy and France are already in deep waters, in part of the overspending my Mario Draghi, in part of a slowing economy. The UK has its own set of troubles which basically leaves Canada and they cannot hold the fort by themselves but that is the group that is in some kind of meeting and the conversation to raise the debt ceiling is a farce, they all know that the US is fighting of shadows of their former selves all alone, all because no one was willing to do something about overspending and they are decades too late in overhauling their tax systems. All these small issues line up to a setting where there is soon an America defaulting on ALL their loans, bonds collapse and that also pushes Japan over the edge. The Reuters article also gives us “U.S.-China tensions also cloud the outlook for the global economy that is already under pressure from signs of weakness in the world’s second-largest economy China.” This is a stage that I find debatable, from my point of view (optionally not a correct one), the Chinese economy is already surpassing America and now that they have the stage for the Middle East with larger venues into Saudi Arabia, they surpass America. The fact that Saudi Oil can now be bought with Yuan is the one push America never needed and never really could handle. With Saudi Arabia about to launch their own version (in English) of Al Jazeera will mean that advertisers have an alternative to Fox and CNN and when that channel branches out to Indonesia, Egypt, Bangladesh and India, the numbers will vastly surpass 500,000,000 viewers. In this I didn’t even consider Pakistan at present. As such where do you think Advertiser will go? America pushed the wrong buttons for years and now their birds are roosting in other nests. The third is also Reuters (at https://www.reuters.com/markets/us/yellen-warns-us-default-would-threaten-global-economy-undermine-us-leadership-2023-05-11/) giving us ‘Yellen warns US default would threaten global economy, undermine its leadership’ where we see “U.S. Treasury Secretary Janet Yellen on Thursday urged Congress to raise the $31.4 trillion federal debt limit and avert an unprecedented default that would trigger a global economic downturn and risk undermining U.S. global economic leadership” in this I personally believe that the US hasn’t been a real economic leader for some time. It started just before the age of Trump as the US learned that they could no longer afford the things they were doing and now these accounts are all coming up empty all at the same time. So at the end we are given “Yellen said Republican brinkmanship on the issue amounted to a “crisis of our own making” and that just the threat of a default could lead to a downgrade of the U.S. government’s credit rating, as occurred during a debt ceiling fight in 2011.” I personally feel that this is totally bogus, the issue was overspending and both sides of the isle were doing that and both sides were doing that. In addition they alienated the one player who was loaded, the rich relative was made a pariah and that didn’t sit well with that relative. This is why I approached them with my IP. I feel better when someone with the cash pays for my IP than the fakers who have a maximised credit card, implying I would be without cash for too long whilst they walk away with my multi billion dollar IP. I will not allow Microsoft anywhere near it, as such I would have no issues selling it to Tencent Technologies (with a few attached clauses mind you). And I have reason. A clear solution that could have given Google and/or Amazon billions was shunned by them giving me the excuse to go wherever I needed to go to get my golden retirement. And they connect. You see, they are all about contracting economies, all whilst innovation will go where there was no one and in my case in several cases there was no one, only in one case there was someone (Gucci), but they are only on one side of one IP I had and I had several other venues connected to it, optionally to android phones as well. And you see that same issue here. We see ‘raise the debt ceiling’ whilst 4 presidents did not stop overspending, it was not an issue and now as they lose tens of billions in industries that are all headed for China, they are all up in arms with “Yellen wants G7 debate on restricting investment to China”, just like the Huawei issue and we never were EVER given any evidence regarding Huawei. That is the effect of a bully who lost whatever innovation they had to players who were truly innovative and now they are running out of time, they are running out of fairway and they have nothing left. Two elemental parts were ignored for too long the first was overhauling their tax system, the second was overspending and in 2011 the point of no return was reached, both Democrats and Republicans worked together in making that happen and China merely waited for it to collapse and that is now about to happen. Will there be another raise? I cannot tell, but this is not enough, after this one another one will come and that is how this game is being played, almost like bluffing in Omaha poker, the issue is that bluffing is too dangerous and can often fall flat, for someone to think that they can bluff for this long is a new level of delusion. 

No matter what, we are about to find out how much longer the US can play that game and they returns to the stage of tax the rich, another delusional setting, which by the way works out well for Monaco, the Bahamas and Dubai to name but three where the retiring rich could go to actually enjoy their cash. 

Enjoy your day unless you have a PacWest Bank account, at that point you are decently screwed at present.

Leave a comment

Filed under Finance, Media, Politics

The bigger shift

The news that caught me today is (at https://dohanews.co/saudi-arabia-mulls-launch-of-english-news-channel-to-rival-al-jazeera-reports/) giving us ‘Saudi Arabia mulls launch of English news channel to rival Al Jazeera’. I actually originally got it from the Financial Times, but they are behind a paywall, so I cannot use them as a source. So Saudi Arabia is now considering an English News Channel. This changes things. First E-Sports, now sports (Messi And Ronaldo), Formula one and now we get “A Saudi state-backed media organisation is considering the development of an international English-language news station, seen as an effort to counter Qatar’s flagship Al Jazeera network and boost the kingdom’s media influence”. I personally think that there is another reason. You see, if tourism develops in Saudi Arabia, the need for an English Channel rises and it’s need will rise exponentially. It also allows to dig into advertisement funds that have been denied them for decades. You see, the advertiser goes to where the people and the money is. The money is already in Saudi Arabia, but soon so will be the people. The stages of sports will allow Saudi Arabia exclusive news channelling and that leads to more revenue and more visibility. Even as we are given “The Saudi Research and Media Group reportedly approached media consultancies to assess the viability and scope of the endeavour, according to a number of people familiar with the project, the Financial Times reported. They said it will be the second-largest English-language broadcaster in the Arab world, after Al Jazeera English, although the preparations are still in the early stages.” And this is not all, there is another reason. As western media ‘embraced’ their Share holder, stake holder and advertiser approach to filtering information. They lost credibility and the audience. Most places no longer call it news, they refer to it as information entertainment (Fox anyone?) In addition to this, the west would finally get real information on Aramco (not filtered by Brent), on SAMI (not filtered by the pentagon) and sports. It would even propel interest into things like Camel racing, the Emirates Ice Hockey League and from that we could see the development of a Saudi Ice Hockey league. We know that they are still not a member of the International Ice Hockey Federation, but to see Saudi Arabia grow teams in Jeddah, Dammam and Riyadh, taking on the UAE teams from the Emirates Hockey League (EHL). We could see names like Abu Dhabi Scorpions, Abu Dhabi Storms, Al Ain Theebs, Dubai White Bears, Dubai Mighty Camels propel all over the western TV stations. 

If the west is embracing sports Saudi Arabia has the making to replace a whole collection of news channels that lost too much credibility. And it isn’t merely influence. As I personally see it the KSA lacks perception and awareness in the view of the non Arabian people and this could be a first step to open that door. Beyond that there are several markets where the KSA could set foot into and in this world in this current economic climate that will go a long way, what is important that the first steps are made setting the larger stage towards doing something and that is where it is at. Will it happen? This happening is a logical step after setting claims towards E-sports, Formula 1, Football and Ice hockey. Beyond that is the stage where the people will get first looks on the Line (that long building) and several other innovations coming towards us from Saudi Arabia. 

A bigger shift is underway and the US with their deceptive ‘entertainment’ like Fox and even CNN, they will have nothing to counter it. In the last 5 years they wasted too much credibility opening the door to other players and as I see it the KSA stands to add an audience of close to half a billion in the first 2 years, would you like to see the advertisement money on that pool? 

Enjoy the day before Friday.

Leave a comment

Filed under Finance, Media, sport

Changing the narrative

That happens at times. Narratives are slightly altered, but in this case? The media to a much larger degree are changing the narrative of the strikes at the Writers Guild of America. Is it because of advertisement needs? Is it because the streaming corporations now have a hold on them? You tell me. In this I have two examples. The first is ABC and even though the headline is deceptive, they do give all the facts. 

Yet others are seemingly not doing that. They are all about the AI side, yet the two largest issues which are the unbelievable amount of underpaid writers as well as the streaming revenue where writers get next to nothing are massive issues. ABC does mention them but plenty of them do not. I saw at least a few of them copying other texts almost to the letter and no mention of streaming issues. Why is that? It is all nice that the WGA is on strike and picketing, but the media should at least take one small effort to hand the real issues and all of them to the public. The media has lost enough credibility as it is and as such we need to wake up (and fast). 

As I heard it new media (streaming) was not addressed satisfactory the last time around, because it was really new. So to read that some writers creating winning series need a government handout to get by is clearly insane. And it will cost Hollywood a lot more then they realise. What happens when the Commonwealth (Australia, Canada, United Kingdom) take over? What happens when the Dubai stage of G5 starts catering to global streaming? What happens when China with Tencent Technologies adjusts to this stream whilst paying a proper income? America might shun it all and stats that these series are not welcome, yet I believe that parts of Asia, Europe and the Middle East are ready for change and Hollywood better tarts realising really fast that the latter three players are close to 60% of their income stream. When that falls away it will be one of several multi billion income streams falling away. First Defence, then IT now streaming and as I see it both the UAE and China are chomping at the bit to take a slice of that income stage. 

So whilst the media is pondering how to cater to advertisers, they better realise that when that falls away they have nothing left. One of my IP will already hurt advertisement money to a decent amount, the streaming industry will hurt a lot more when the shift to any of the other three players come through. All stages that were out in the open for all to admire, that was until the media changed the narrative as I see it. I have no idea how long this strike will last, but at the end when writers vacate to a place where they end up having a decent income, plenty of series will collapse, perhaps not completely, but several will lose the little talent they had at their disposal. Yet for these providers there is still one option, a reality show based on republican politicians with real republican politicians. They will take any limelight that will have them and it could be hosted by Tucker Carlson, apparently he is looking for a job. So how is that future of streaming? Yes, there is an upcoming issue with AI, but that will take time. The fact that paid writers still require government handouts whilst these series make billions is disgusting and it will not take long until some will show the people this and plead that we cancel out streaming subscriptions. What happens when the people on mass agree?

Enjoy Sunday and consider the price of what you are watching on your streaming channel.

Leave a comment

Filed under Media, movies

Wages of fear

That happens, we at times decide to take a very risky road and US politicians more than most, but now they are about to head into shallows with a cruise liner? You will state that this is no big deal, tugs will pull it into deep water and normally you would be right. Yet in this case the cargo is nitroglycerine, so as it hits the shores the ship goes badaboom, a really big badaboom and it is not a ship we are talking about, it is the US economy. So as we consider what is about to happen, lets give you an example.

Netflix


Netflix at present (and over the last year has had well over 225 million subscribers, giving it an annual payday of well over $27,000,000,000 which is not too shabby, a good setting to work from.  So after the 17 billion in new media it has over 10 billion and change, I reckon that 50% if not more into technology, as such they are doing fine.

US Economy
Now we get into a less good place, the US economy and do not mistake one for the other. The US economy has many. Complexities, but the setting does not change, it needs to pay bills. As such we rely on Forbes giving us “The National Debt Approaches $32 Trillion, Will It Bankrupt America?”  (at https://www.forbes.com/sites/mikepatton/2023/04/25/the-national-debt-approaches-32-trillion-will-it-bankrupt-america/) and this is where two groups are opposing, those in denial claim it will not be so (very wishful thinking). I myself and many others are on the opposing side of the debate. Forbes gives us “The current revenue of the federal government is approximately $4.6 trillion while spending exceeds $6.0 trillion. Thus, the current budget deficit is over $1.4 trillion. It’s clear that members of Congress are spending like drunken sailors and like the Titanic, the U.S. is on a collision course with a financial iceberg” yet this is merely one side of the shallows they are heading for. You see, that we get from another side (the New York Times) who gives us that the US is running out of money somewhere between June and September. Yet that is not the whole enchilada. These two parts should alert you to the US Bonds fiasco, I tried to warn you a few times over. You see whilst everyone is cheering on bonds, there is a downside. These pesky papers mature and even as the interest payday seems small (1.65%) over $20,000,000,000,000 that still ends up being a $330 billion invoice and the budget does not take that in. OK, it is not all due immediately, but a rough estimate gives is that in the next 4 years $2,400,000,000,000 does and that is still a massive amount. Add to this the budget deficit that has been going on for years and you see the problem the US economy is heading for. It might never have been avoided, it could have been delayed by a lot. And with the current deficits, where will the US find $600 billion annual in maturing bonds (2023-2027)

I warned of this 25 years ago when I called for a tax overhaul where companies (Google, Facebook, IBM, Apple, that loser Microsoft and several more) would pay their fair share, merely their fair share.

The point of no return was reached when Barack Obama became president of the United States. Lets be clear, this was NOT his fault, but the point where we cannot avoid what comes next was achieved. If only people had woken up a lot sooner. But there we got past a point where the problems would accelerate and now we are almost at that point. And the banks will be no help. I tried to warn you a few times over. Some of their risk and liquidity is in US bonds and when the US forfeits payment your 401K and many other things will become worth close to nothing. So if you wonder where wealth of middle class incomes is, look towards Mexico. 

And will it get worse? Yes, but how remains an issue for now. Politicians will give way to wealth and rich friends first, so that they an get their slice and these people will go to Monaco, Dubai and the Bahamas. Many of them saw this coming and they already have places there, they have had them for years. So what can be done? Actually nothing, it is too late for that, all the whining and claims will fall flat and merely moves the timeline. The American children will know what true poverty feels like, they will get there at the end of their teens or early adult life. There are a few things that will happen, pushing forward bonds will be the easiest and convincing these owners to sell to appointed people or let it ride for a lot more, but that is a bill that adds a decent amount. Whomever has a billion in bonds and is offered 3.8% instead of 1.65% will consider it and I reckon that this is why we now see 20 years bonds (personal speculation). But after that the options go dark, really dark and that is what banks fear too, because the next bank run will take away a truck load of liquidity. It is like the stowaway that went for the happy shores or America, only to learn that the weather is foul and they suddenly realise that the cargo hold is filled with Nitroglycerine. Would you chance swimming, or hope for the best. Don’t forget that the shallows were YOUR saviour, not that much for a cruise-liner with combustibles.

Leave a comment

Filed under Finance, Media, Politics

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.

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