Tag Archives: Emmanuel Macron

That crazy thought

Crazy thoughts, we all have them at times, we all think them, we all wonder the ‘What if’ question whether it is valid or not. So when the news hit, among them the line ‘The $6 trillion wipeout in Asian stocks is getting deeper‘ (source: Sydney Morning Herald). I was not contemplating the quote: “Just like that, the region’s equity benchmark erased weekly gains and is now heading for a sixth slide in seven weeks, only worsening the wipeout that already erased $US4.3 trillion ($5.95 trillion) of market value this year“. So there I was looking at that quote, as well as the quote “One thing that might be worth keeping an eye on is data around China’s consumption — car sales fell for a fifth month and and Ctrip.com International joined the likes of Baidu and Alibaba Group Holding in being unable to avoid the economic slowdown. Also throwing cold water on the recovery is the US dollar, which resumed its appreciation as the Federal Reserve signaled it’s still ready to increase rates in December. The strong greenback has been a key concern for investors in the region, as its weakened local currencies and triggered massive outflows from emerging-market assets“. You see, I believe that none of this matters, the excuses like ‘consumer prices steadied amid sluggish demand‘. I went into the ‘What if this was always meant to happen?‘ mode. It is my personal belief that we have been sitting still whilst analysts have been inflating prognoses of economy, whilst they were all humming; it is a bright and sunny day, whilst it was not. We get excited when USA Today gave us ‘Economy adds robust 250,000 jobs in October in last employment report before election‘ on November 2nd. Yet this is news that was merely overdue and way too late. The world has been at a stand still for the longest of times. Millions of US citizens are still overcoming a decade of hardship, many of them lost the bulk of their retirement funds and it will take half a decade of really good news to turn this around. Too many have felt the pain and it is the same all over Asia. We might see news last month with ‘India adds 7,300 new millionaires’ thinking that hard times are over, yet this merely shows the stage where 7,300 clever Indians are getting other Indians doing their bidding, the millions behind those 7,300 people are not in a much better place, they have not been for the longest of times. Those 7,300 will be the foundation of a dozen or perhaps two dozen billionaire over time, yet like in any pyramid scheme, the profits go upwards, the foundation of that pyramid will not see a dime of that and we forget about that unbalanced setting. So as we are all in a stage of happy happy joy joy, the market is relentless in too much upbeat procrastinated prognoses and the market will seek equilibrium. No matter what excuse we see, what term we give to oil, what term we give to car users. The foundation is that every sold car is linked to a person buying it and from the current stage less than 25,000 were able to afford a new car, because the normal monthly expenses remain the same or go up, they never go down. So when we see ‘car sales fell for a fifth month‘, it makes perfect sense, you can up production all you like, yet when the people cannot afford to buy one, making more really makes no sense. That stage is clearly seen in Asia and Europe, in addition, the people in the US don’t have that much extra to spend, even with the new job, their living expenses had been through the roof for 2-3 years and they build either a buffer or go hungry and become homeless.

It all gets to have a hilarious side when you consider the Wall Street Journal (at https://www.wsj.com/articles/peter-navarro-blasts-china-and-wall-street-globalists-1541787254). We see “President Trump’s senior trade adviser, Peter Navarro, excoriated China and attacked Goldman Sachs and Wall Street as Beijing’s “unpaid foreign agents” who are weakening the U.S. leader before his meeting this month with China’s president“. It seems to me that Peter Navarro does not comprehend Goldman Sachs or Wall Street, so as an Australian I feel it is my duty (my entertaining duty mind you) to explain that part in a plain manner. ‘Mr Navarro, these two players Wall Street and Goldman Sachs do not give a fuck about you or your president, they never did! They only care about their bottom line, the annual growth, the profits they do make and their bonuses. It is that plain, and simple enough the board of directors in these two places care exponentially more about their bonus, nothing else matters!‘ I do hope that Peter Navarro comprehends that part, because it has never been different. The American people were sold down the drain in an instant in 2004 and 2008 and those people will do that again and again. It is not rocket science; it is transparent and extremely predictable. So when I see “As a summit with Chinese President Xi Jinping looms at the Group of 20 meeting in Buenos Aires, the economic council is coordinating what kind of trade deal the U.S. might accept from China. It is focusing on intellectual property, agricultural tariffs, forced technology transfer and requirements that U.S. firms form joint ventures to operate in China“, I see no mystery, I see no questions. It is merely the execution of the operational merit that profit brings to these 20 players that is on the table and the US is weaker than it has been ever before. A lot of the IP is not in American hands, the ones that matter are in the hands of IBM, Google and Intel and the US administrations have been able to piss all three off in more than one way, so good luck there. In addition, if the US exercises some ownership need, we will see both IBM and Google moving their IP all over the place making matters for the US worse.

Oh and this was all before we see the current US president in a stage where we see: “France on Saturday attempted to defuse a row sparked by President Emmanuel Macron’s comments about a European army which angered US President Donald Trump“, we can consider that passing of the few allies left is not really a good thing, is it? Especially in light where Marine Le Pen is currently more popular than Emmanuel Macron is the upcoming EU elections. The advantage is only one percent, yet we also see: “Far-right parties, including those supporting a French exit from the EU, secured a combined 30 percent of support“, that is way more than most EU nations are currently willing to be comfortable with. The fact that President Macron has agreed with Dutch Prime Minister Mark Rutte to a union of En Marche, Dutch Liberals and Democrats is optionally one that could backfire in France to some degree and if Le Pen gets to the 40% mark a stage of Wall Street panic would be the consequence making the markets slip even further getting the overall losses to surpass eight trillion before the year ends. This stage becomes an even larger US nightmare as Matteo Salvini enters the stage, and he is siding largely with Marine Le Pen in all this, most likely purely for his own interests as would be expected in Lego Politics, but the impact is still there. This all impacts to a much larger degree as Italy has stated less than a day ago that they will not adjust the Italian budget which now puts the ECB and the EU in a much darker light, this budget could optionally impact the stage in a few European ways and the other nations will be reminded of the Greek tragedy when it overstated what they did not have, whilst we now see Italy not acknowledging the things they do not have, with a similar impact to several EU nations, the consequences could propel out of control and that too will impact greed driven Wall Street. This means that President Trump is going into a G20 meeting with three sets of balls and chains on their ankles, whilst China gets to point out these six balls and chains and remind him that this is partially all his doing (whether that is true or not).

So in the end, he sits in a meeting with little to use, nothing to go by and all merely because the previous 4 administrations all left control of the wealth reigns with Wall Street themselves, how was that ever going to work?

So that crazy thought is now going into the direction: ‘What if we remove the reigns of wall Street?‘ Would that be the craziest idea? In the end it is not going to happen, yet a first step is not the weirdest idea. It is time to take a very close look at those Wall Street analysts and their exectations, even if they ever correctly solve their rounding problem, the people still end up being confronted with a (what I personally would speculatively call) a 1.13% offset from any norm and that made all the differences for well over 12% of the companies ‘underperforming’ in the eyes of Wall Street. When we consider going back in time to 1874 when French economist Léon Walras decided to give ‘Elements of Pure Economics‘, he failed (as these settings did not exist) to give two elements a much larger consideration. The first is ‘behaviour of supply and demand‘, whilst not realising that governments have a required supply and demand and the corporations have a forecasted supply for the expected demand of an international community, which is weighted and rounded upwards sinking the notion of science towards anticipated presentations. So there we see three sets of numbers, all weighted and only after the fact shown as ‘due to unexpected factors‘ graded downwards after the fact giving us a few headaches all at the same time.

So as we see ‘adjusted’, ‘evolved’ and ‘expert driven’ algorithms towards forecasting the fact that there was something wrong with the formula’s in the first p[lace is not set into the stage of punitive prosecution ever. Meaning that these wipe-outs will happen again and again and the next time it hits a group of people that will revolt violently for being presented the invoice that others should have paid for, a stage that is unseen as many are in denial and often merely wiping the consideration away as non-relevant and unimportant. And the idea is not unique, my thoughts, my very own thoughts were proven correctly in 2013 by former Wall Street analyst Yves Smith in her book ‘ECONned‘ and she is not the only one, yet in the 5 years that followed, after all the evidence shown in several ways, the US Administration decided not to act, decided not to take control of the situation, even largely diffusing the danger was beyond them and now we see the stage where we see ‘weakening the U.S. leader before his meeting this month‘, in my personal view Peter Navarro needs to wake up and smell the coffee. He comes from an environment that did nothing for too long.

How crazy was that thought?

 

Advertisements

Leave a comment

Filed under Finance, Media, Politics, Science

What is right is sometimes wrong

This is a weird day; it is weird for all the reasons that set the stage where things are weird. It is not ground breaking, it is not even great, but it is an essential event. To explain that we need to go back to Dutch history, to be more precise we need to go back to 1994. The politician Hans Janmaat was a member of the CP (Centre Party), it was ultra-right, very nationalistic in nature. He had slogans like “Holland is not a country of immigration” and “full=full“. In the not so great economic settings, which were harsher for many as the Netherlands is not just seemingly short on available space. To give a comparison, The Netherlands is the almost the same size of the US state of Maryland, Yet MD has 6 million people, the Netherlands 17 million, so space is hard to come by, so people started to listen to this person. In UK terms it makes the Netherlands three times the size of Yorkshire, whilst having 350% of its population, so it is decently comparable.

Even as his views were only tame in the first 3 hours, his extremists’ views were soon loud and harsh. So a lot of politicians and media starting to ignore him, which I always thought was a mistake. If you want to take power away, you need to make that person fall on his sword called ego. The media and politicians thought it would go away, which did not happen. What did happen that people were too frustrated with the elected politicians and in the 1994 elections, he ended up with the power of three seats, not one seat, three! He now had (for a short term) power and a vote in all the events, now all parties united against his actions and views, so they had to unite in resources stopping him. In all this Hans Janmaat often used economic arguments in his tirades against immigrants, just like Adolf Hitler did and some usurpers before (and after) him. Yet, the setting was a dangerous one and it was deflated by politicians setting a sphere of ignoring him around him, silencing the issue away and it did go away after a while. Yet did they actually deflate the situation? Now we see a similar setting to some degree with the Dutch politician Geert Wilders, who merely has a more tempered view in all this, yet for the most still very ultra-right oriented, he has not gone away, he is now the political leader of a party that has 20 out of 150 seats in the House of Representatives, 9 out of the 75 Senate seats, 66 of the 570 state provincials and 4 of the 26 European Parliament seats. Remember how this setting started with 3 seats?

In addition, the Professor Emeritus Meindert Fennema gave the argument in 2006 that Hans Janmaat was in the end convicted for making statements that has become common place in 2006, a gap of a mere 12 years. the political climate had changed in the Netherlands, partially due to the assassinations of politician Pim Fortuyn and Dutch film director and producer Theo van Gogh, the 9/11 attacks did not help any either. Geert Wilders followed in his footsteps (to some degree) and is the current leader of the Party for Freedom (Partij voor de Vrijheid – PVV). When we want to expose extremism, even Christian extremism, it can only be done by pointing it out in the media, we acknowledge that there are plenty of people who are sheep. They remain sheep because they merely follow, they cannot tell the difference on quality of who to follow and that is dangerous too. Some presenters (in politics and media) go into academic overdrive to the degree that can put any insomniac asleep roughly 92% faster than a double dose of Restoril (Temazepam). In many cases we need to educate the people, not sound more intelligent then them; this is the setting I have and now we get to the article ‘Sky News removed from Melbourne railway stations after extremist interview‘. The article (at https://www.theguardian.com/australia-news/2018/aug/09/sky-news-removed-from-melbourne-railway-stations-after-extremist-interview). Important is that I do not disagree, but at times the right thing is wrong. You see, when we see Jacinta Allan, Victoria’s transport minister give us: “I’ve directed @MetroTrains to remove @skynewsaustralia from all CBD station screens. Hatred and racism have no place on our screens or in our community. #springst“, I think she has a good and valid point. Yet, if we do not educate the people on what is wrong and why it is wrong, such a person can get elected in the end. After that it will be one complete political term of fixing the floor whilst the tap is running and the mess merely gets bigger. So when I see: “The move comes after the network interviewed Cottrell on Sunday night and the broadcaster was accused of “normalising racism and bigotry” by the former Labor MP Craig Emerson“, people will state that it makes sense that we see ‘quit his role at Sky News following the broadcast‘, yet the damage is done. A partial opportunity was grabbed by Laura Jayes when we see: “As if to prove my original character assessment…. Blair Cottrell posts (and later deletes) some weird suggestion about raping me on air. He’s not just a fascist. He’s down right dangerous” and she is not merely correct, she is absolutely right! A person like this is dangerous, the economic climate is here, just like it was in the Netherlands and there is plenty of hardship. People like Cottrell will state things like ‘it could be better, but no one will listen to me‘. Soon he has one person listening, then a second, then 4, eight, 16, 32 and that is merely in the first day, on the second day, the 32 will incite 64 to listen and it goes up quickly after that. If you decide to disagree, please feel free to watch the movie (at http://www.abc.net.au/news/2017-12-04/billy-bush-says-infamous-access-hollywood-trump-tape-is-real/9224358), where a famous person decided to state ‘You can do anything, grab them by the Pussy‘, for your reference. That person is now addressed as ‘the 45th and current President of the United States‘, so smothering the silence and actual take action to show the danger of such a person is a more essential act then you think.

The same mistake that we saw in the Netherlands and several countries in the past should not happen, the only way to get these people out of the picture is to let them rant live on TV and make sure the people realise how dangerous it is to listen to people like that. So in this Jacinta Allan is wrong and Laura Jayes is right. Only by clearly exposing these people and making sure that such a person is ‘down right dangerous‘, preferably with evidence and stating why this person is dangerous that is how you deflate a situation. Most politicians are more about hearing their own voice and not about removing others by letting them speak and there is to some degree validity in that. Yet, when we see that not invalid view fail again and again, other ways need to be found. You see when you start skimming the news, reading the headlines. we see ‘Sky News sponsor backlash mounts‘, ‘Sky News removed from Melbourne railway stations‘ and ‘Victorian government bans Sky News from train stations‘, now it is all about Sky News and people might ignore the rest. Yet the headlines could have read ‘Blair Cottrell states that woman are happier with rape‘, ‘Extremist views removed from Melbourne stations‘, or ‘Blair Cottrell gets advertisers to drop contracts‘. Now the focus becomes Blair Cottrell and people will want to know why, more important, they will clearly see why Cottrell is ‘downright dangerous‘. With a person like Blair Cottrell it is not about bringing nuance to the screen; it is a tactic that works in his favour, by giving people the blunt direct version many more will shy away, those who optionally still admire him will do so silently, so growth of listeners is no longer a worry either. The sheep mentality also implies that something less acceptable will be pointed out and set into the limelight that people like Cottrell really tend to dislike, especially when they have political aspirations.

You see, there is a second danger and that is the one we do not see, but they are in the US. CNN reported less than 10 hours ago (at https://edition.cnn.com/2018/08/08/politics/donald-trump-primaries/index.html), that it is not merely getting into power that counts, the setting we see with “In the last 14 contested Republican primaries where President Donald Trump has endorsed a candidate, his pick has won — or is leading — all 14 times“. With: “John James in Michigan’s Republican Senate primary, who had been considered an underdog prior to the Trump endorsement, won the right to face Democratic Sen. Debbie Stabenow“. President Trump was not merely a president; he became a kingmaker 14 times over. So it is no longer merely him we need to worry about, it is that there are now 14 small time Trumps on the rise. So when you think that silencing Blair Cottrell helps, consider what happens when he gets in because he got endorsed by Pauline Hanson, current senator of Queensland and it ended up working because the people did not realise just how dangerous he was?

The US as well as European politics have shown that several times over. It was a miracle that someone pulled current President Emmanuel Macron out of a hat, it was a close call between that option and the alternative that President Marine Le Pen would have offered. Several sources gave rise of the situation with “the strategy of fear mainly reinforces Le Pen’s popularity“, I am against fear mongering and there was almost no option, because everyone considered that it would never happened. Not only did it almost happen, In Italy Matteo Salvini, the initial underdog is now Deputy Prime Minister of Italy. I think it is clear that we need to accept that doing the Ostrich (a head in sand pun) will not cut it. In case you think it is going to sizzle out, consider the Guardian (at https://www.theguardian.com/world/2018/aug/05/italy-coalition-cracks-five-star-salvini-racism), where we see: “Roberto Fico, M5S MP and president of the chamber of deputies, spoke out against a controversial pact with Libya that sees migrants forcibly returned to war-riven north Africa“, speaking out against a setting where refugees are send back to a war front setting. Salvini just got elected; Italy has 5 more years of this setting. With this I hope we all agree that giving the limelight of danger on just how dangerous Blair Cottrell is, is preferable than him gaining strength and followers in silence, because AFTER an election there is very little we can do for that term, a clear view with five examples where we only see one case with a narrow escape, not a good track record to work with.

I have always believed (and rightfully so) that given the setting where you give a short-sighted person enough rope, they will end up hanging themselves again and again. It is like the overeager DIY person and the ability to paint himself into a corner that tends to be the most satisfying setting of all. In such cases I am more than happy to sponsor the bucket of paint and the brush, seeing a person sit in a corner. On a personal level, if that person ends up being Jason Sudeikis, I will make sure that his wife Olivia Wilde is not in the corner with him, seems like fun challenging her to several games of Splatoon 2 on the Nintendo Switch (one Nintendo Switch each mind you) and after each round both of us shouting out: ‘You OK there Jason?‘ should make an amazing afternoon of gaming, possibly the best one ever!

I have been known to be creatively sneaky under the most diplomatic of settings.

#SplatoonOrangeChampionsRule

Leave a comment

Filed under Media, Politics

It’s a kind of Euro

In Italy things are off the walls, now we see ‘New elections loom in Italy‘ (at https://www.theguardian.com/world/2018/may/27/italys-pm-designate-giuseppe-conte-fails-to-form-populist-government), where it again is about currency, this time it is Italy that as an issue with ‘country’s Eurozone future‘. In this the escalation is “the shock resignation of the country’s populist prime minister-in waiting, Giuseppe Conte, after Italy’s president refused to accept Conte’s controversial choice for finance minister“, there is a setting that is given, I have written about the folly of the EU, or better stated, the folly it became. I have been in favour of Brexit for a few reasons, yet here, in Italy the setting is not the same. “Sergio Mattarella, the Italian president who was installed by a previous pro-EU government, refused to accept the nomination for finance minister of Paolo Savona, an 81-year-old former industry minister who has called Italy’s entry into the euro a “historic mistake”“, now beside the fact that an 81 year old has no business getting elected into office for a number of reasons, the issue of anti-Euro Paolo Savona have been known for a long time. So as pro-EU Sergio Mattarella decides to refuse anyone who is anti-EU in office, we need to think critical. Is he allowed to do that? There is of course a situation where that could backfire, yet we all need to realise that Sergio Mattarella is an expert on parliamentary procedure, highly educated and highly intelligent with decades of government experience, so if he sets his mind to it, it will not happen. Basically he can delay anti-EU waves for 8 months until after the next presidential elections. If he is not re-elected, the game changes. The EU has 8 months to satisfy the hearts and minds of the Italian people, because at present those options do not look great. The fact that the populist choices are all steering towards non-EU settings is a nightmare for Brussels. They were able to calm the storm in France, but Italy was at the tail end of all the elections, we always knew that, I even pointed it out 2 years ago that this was an option. I did mention that it was an unlikely one; the escalating part is not merely the fact that this populist setting is anti-EU; it is actually much stronger anti Germany, which is a bigger issue. Whether there is an EU or not, the European nations need to find a way to work together. Having the 2 larger players in a group of 4 large players is not really a setting that works for Europe. Even if most people tend to set Italy in a stage of Pizza, Pasta and Piffle, Italy has shown to be a global player and a large one. It has its social issues and the bank and loan debts of Italy don’t help any, but Italy has had its moments throughout the ages and I feel certain that Italy is not done yet, so in that respect finding common ground with Italy is the better play to make.

In all this President Sergio Mattarella is not nearly done, we now know that Carlo Cottarelli is asked to set the stage to become the next Prime Minister for Italy. The Italian elections will not allow for an anti-EU government to proceed to leave the Euro, Sergio’s response was that: “he had rejected the candidate, 81-year-old Eurosceptic economist Paolo Savona, because he had threatened to pull Italy from the single currency “The uncertainty over our position has alarmed investors and savers both in Italy and abroad,” he said, adding: “Membership of the euro is a fundamental choice. If we want to discuss it, then we should do so in a serious fashion.”” (at http://news.trust.org//item/20180527234047-96z65/), so here we all are, the next one that wants to leave the Euro and now there is suddenly an upheaval, just like in France. Here the setting is different, because the Italian President is Pro-EU and he is doing what is legally allowed. We can go in many directions, but this was always going to be an unsettling situation. I knew that for 2 years, although at that stage Italy leaving the EU was really small at that stage. Europe has not been able to prosper its economy, it merely pumped 3 trillion euro into a situation that was never going to work and now that 750 million Europeans realise that they all need to pay 4,000 Euro just to stay where they are right now, that is angering more and more Europeans. the French were warned ahead, yet they decided to have faith in an investment banker above a member of Front Nationale, Italy was not waiting and is now in a stage of something close to civil unrest, which will not help anyone either. Yet the economic setting for Italy could take a much deeper dive and not in a good way. The bigger issue is not just that Carlo Cottarelli is a former International Monetary Fund director. It is that there are more and more issues shown that the dangers are rising, not stabilising or subsiding and that is where someone optionally told President Sergio Mattarella to stop this at all costs. Part of this was seen in April (at https://www.agoravox.fr/actualites/economie/article/a-quand-l-eclatement-de-la-203577). Now the article is in French, so there is that, but it comes down to: “Bridgewater, the largest hedge fund (investment fund – manages $ 160 billion of assets) of the world has put $ 22 billion against the euro area  : the positions down (“sellers”) of the fund prove it bet against many European (Airbus), German (Siemens, Deutsche Bank) French (Total, BNP Paribas) and Italian (Intesa Sanpaolo, Enel and Eni) companies, among others. The company is not known to tackle particular companies, but rather to bet on the health of the economy in general“. So there is a partial setting where the EU is now facing its own version that we saw in the cinema in 2015 with The Big Short. Now after we read the Intro, we need to see the real deal. It is seen with “Since 2011, € 4 billion has been injected into the euro zone (that is to say into commercial banks) by the European Central Bank (ECB), which represents more than a third of the region’s GDP. The majority of this currency is mainly in Germany and Luxembourg, which, you will agree, are not the most difficult of the area. More seriously, much of this liquidity has not financed the real economy through credit to individuals and businesses. Instead, the commercial banks have saved € 2,000bn of this fresh money on their account at the ECB until the end of 2017 (against € 300bn at the beginning of 2011) to “respect their liquidity ratio” (to have enough deposit in liquid currency crisis).As in the United States, quantitative easing allowed the central bank to bail out private banks by buying back their debts. In other words, the debts of the private sector are paid by the taxpayer without any return on investment. At the same time, François Villeroy de Galhau, governor of the Banque de France, called for less regulation and more bank mergers and acquisitions in the EU, using the US banking sector as a model.” Here we see in the article by Géopolitique Profonde that the setting of a dangerous situation is escalating, because we aren’t in it for a mere 4 billion, the Eurozone is in it for €3,000 billion. An amount that surpasses the economic value of several Euro block nations, which is almost impossible to keep with the UK moving away, if Italy does the same thing, the party ends right quick with no options and no way to keep the Euro stable or at its levels, it becomes a currency at a value that is merely half the value of the Yen, wiping out retirement funds, loan balances and credit scores overnight. The final part is seen with “The ECB also warns that the Eurozone risks squarely bursting into the next crisis if it is not strengthened. In other words, Member States have to reform their economies by then, create budget margins and integrate markets and services at the zone level to better absorb potential losses without using taxpayers. A fiscal instrument such as a euro zone budget controlled by a European finance minister, as defended by President Emmanuel Macron, would also help cope with a major economic shock that seems inevitable. Suffice to say that this is problematic given the lack of consensus on the subject and in particular a German reluctance. The European Central Bank has issued the idea late 2017, long planned by serious economists, to abolish the limit of € 100,000 guaranteed in case of rescue operation or bankruptcy bank (Facts & Document No. 443, 15/11 / 17-15 / 12/17 p.8 and 9)” (the original article has a lot more, so please read it!

It now also shows (read: implies) a second part not seen before, with ‘The European Central Bank has issued the idea late 2017, long planned by serious economists, to abolish the limit of € 100,000 guaranteed in case of rescue operation or bankruptcy bank‘, it implies that Emmanuel Macron must have been prepped on a much higher level and he did not merely come at the 11th hour, ‘the idea issued late 2017’ means that it was already in motion for consideration no later than 2016, so when Marine Le Pen was gaining and ended up as a finalist, the ECB must have really panicked, it implies that Emmanuel Macron was a contingency plan in case the entire mess went tits up and it basically did. Now they need to do it again under the eyes of scrutiny from anti-EU groups whilst Italy is in a mess that could double down on the dangers and risks that the EU is facing. That part is also a consideration when we see the quote by Hans-Werner Sinn who is currently the President of the Ifo Institute for Economic Research, gives us “I do not know if the euro will last in the long run, but its operating system is doomed“, yet that must give the EU people in Brussels the strength they need to actually fix their system (no, they won’t). The question becomes how far will the ECB go to keep the Eurozone ‘enabled’ whilst taking away the options from national political parties? that is the question that matters, because that is at play, even as Germany is now opposing reforms, mainly because Germany ended up in a good place after they enforced austerity when it would work and that worked, the Germans have Angela Merkel to thank for that, yet the other nations (like 24 of them), ignored all the signs and decided to listen to economic forecast people pretending to be native American Shamans, telling them that they can make it rain on command, a concept that did not really quite pan out did it? Now the reforms are pushed because there were stupid people ignoring the signs and not acting preventively when they could, now the Eurozone is willing to cater to two dozen demented economists, whilst pissing off the one economy that tighten the belt many years ago to avoid what is happening right now. You see, when the reform goes through Berlin gets confronted with a risk-sharing plan and ends up shouldering the largest proportion of such a machine, that mechanism will avoid the embarrassment of those two dozen Dumbo’s (aka: numnuts, or more academically stated ‘someone who regularly botches a job, event, or situation’), whilst those people are reselling their idea as ‘I have a way where you need not pay any taxes at all‘ to large corporations getting an annual 7 figure income for another 3-7 years. How is that acceptable or fair?

So we are about to see a different Euro, one losing value due to QE, due to Italian unrest and against banks that have pushed their margins in the way US banks have them, meaning that the next 2 years we will most likely see off the wall bonus levels for bankers surpassing those from Wall Street likely for the first time in history, at the end of that rainbow, those having money in Europe might not have that much left. I admit that this is pure speculation from my part, yet when you see the elements and the settings of the banks, how wrong do you think I will be in 2019-2020?

So when we go back to the Guardian article at the beginning and we take a look at two quotes, the first “As the European commission unveiled its economic advice to member states last week, the body’s finance commissioner, Pierre Moscovici, said he was hoping for “cooperation on the basis of dialogue, respect and mutual trust”“. I go with ‘What trust?‘ and in addition with ‘cooperation on the basis of dialogue merely implies that Pierre Moscovici is more likely not to answer question and bullshit his way around the issue‘ and as former French Minister of Economy he could do it, he saw Mark Zuckerberg get through a European meeting never answering any questions and he reckons he is at least as intelligent as Mark Zuckerberg. when we see “Cecilia Malmstöm, said “there are some things there that are worrying” about Italy’s incoming government“, she sees right, the current Italy is actually a lot less Euro minded than the setting was in 2016-2017, so there is a setting of decreased trust that was never properly dealt with, the EU commissions left that untended for too long and now they have an even larger issue to face. So that bright Svenska Flicka is seeing the issues rise on a nearly hourly basis and even as we see the play go nice for now, they will change. I think that in this Matteo Salvini played the game wrong, instead of altering an alternative for Paolo Savona and replace him after Sergio Mattarella is not re-elected, the game could have continued, now they are busting head to head where Matteo is nowhere near as experienced as Sergio is, so that is a fight he is unlikely to win, unless he drops Italy on a stage of civil unrest, which is not a good setting for either player.

We cannot tell what will happen next, but for the near future (June-September), it is unlikely to be a pretty setting, we will need to take another look at the Italian economic setting when the dust settles.

 

Leave a comment

Filed under Finance, Media, Politics

Seeing correctly and that view’s danger

The title makes no sense to some, if you see something correctly, why is there danger? You see at present we have what some call a fluidic situation in regards to Iran, Israel, Russia, Saudi Arabia and Turkey. They are all connected and as such, certain parts I stated yesterday have been proven correctly. Now, the longer game cannot be predicted, because when they are moves and countermoves in a setting that changes, we cannot always predict certain moves, they are based on intelligence out there and internal intelligence available. For example, in the gaming industry, we see ‘leaked’ information from both Microsoft and Nintendo, yet is it actually leaked as we see it, or did their marketing/corporate department leak information to get the feelers out, to test the audience, in the month preceding the biggest gaming event of the year in the world, it does matter, there are 200 million gamers up for grab and Microsoft felt directly how negative that can get in 2013; what it feels like to piss all them gamers off; it took 3 years to stop the damage, now consider that this is not a video game, but a political arena where it is about billions, about lives and about setting the world stage, the stakes get to be higher. So as I said “the connection between Ayatollah Ali Khamenei and the Iranian military is closer and stronger than either of them ever had for President Rouhani, that is the setting and even as both ‘tolerated’ the elected president, they have been ready to go it alone” (on May 7th in ‘Stopping Slumber, Halting Hesitation‘). Reuters gave less than a day ago (at https://www.reuters.com/article/us-iran-nuclear-rouhani/irans-rouhani-seen-as-lame-duck-after-trump-ditches-deal-idUSKBN1IA287), where we see ““Khamenei prefers a weak president. Rouhani will serve his term, but as a lame duck,” the diplomat said“, so not only am I correct, the dangers of a hardliner replacement like Mahmoud Ahmadinejad is not just likely, it is now almost a given that whoever comes next is not a puppet, it is a person completely in line with the hard-line position of Ali Khamenei. Now we don’t get to have a ballgame, now we have a hard-line setting that will impact the entire Middle East. Reuters got this from ‘an Iranian diplomat, who declined to be named‘, just like Nintendo and Microsoft, Iran is now testing the waters on who stands where. Iran’s larger issue is not on how it attacks Saudi Arabia, it is on how the others react and at present it seems like there will be forceful defence of Saudi Arabia and Israel, their position and what they feel is justified. The US and Europe are in their corners. That is the issue Iran is dealing with, because there is a clear support against Iran, whilst at the same time we see ‘Putin Is Giving Israel a Free Hand against Iran in Syria. But He May Soon Have to Pick a Side‘ (source: Haaretz), as well as ‘Russia seeks to take mediator role between Israel and Iran‘ (at http://www.arabnews.com/node/1300286/world), this is more important; as we see “Russian Foreign Minister Sergei Lavrov said on Thursday that “all issues should be solved through dialogue.”“. There is the crux of the matter where we see that Russia will most certainly not back Iran, but will at times come to their supportive aid (at a price of course), especially when they can have a go at the USA. That last part is speculative from my side, but we have seen enough evidence over the last year to see that be a partial gospel truth, or we could water it down with: ‘it is the crutch of the matter as Israel ends up having Iran by the balls at present

Even as we accept “Russia has become a major player in the Middle East since intervening in the Syrian war on the side of the Damascus regime in September 2015. Analysts also highlight its role as mediator in other conflicts in the area“, as a lot of it is true, depending on the coloured lenses you wear in your glasses, but the foundation has a setting. In this Russian analyst Fyodor Lukyanov is correct. Alexander Krylov, a foreign policy expert at the Moscow State Institute of International Relations gives us “The role of Russia as a mediator is strongly appreciated in the region. This role will be reinforced if the crisis between Israel and Iran worsens,” that too is true, because bluntly stated at present America has no real credibility left outside of the actual support given to Saudi Arabia and Israel. The Middle East is a lot larger than merely Saudi Arabia, even as they are not seen as large players, the still pack a punch and as such the UAE and Qatar will have a voice. The setting at present does not give the UAE a pro Saudi view (speculative) but in equal measure they will not side with Iran as I see it, not on this scale. Even as there is a link between Qatar and Iran, it will not hold, when hostilities grow, Qatar will isolate themselves away from both parties because the largest fear for Qatar is that they become the beachhead for Iran or the entrenchment for Saudi Arabia. When either of the two happens, do you think that after that Doha will look like this?

Just google: ‘Images of Ghouta‘, that is how Doha ends up looking like with a FIFA event merely 3 years away, so that would be instantly cancelled at that point, oh,. FIFA is already on that, not merely because it is Qatar, the anti-Qatar slurs of the media has been long and lasting, a (let’s just be blunt) fucked up situation caused by stupid greedy people who have been taking the longest gravy train ride. When we are all treated to “The British press continues to be hostile towards Qatar because the tournament will be held during winter, to avoid the searing heat in the Gulf“, because they want a 100% exploitative coverage, and Qatar with its weather got in the way of that and large sponsoring corporations like Coca Cola and every other FIFA sponsor now get a 40% reduced bang for their exploitative buck, now they are suddenly willing to go all out, and it links to all this, it matters!

In that setting we are treated to half-truths, especially by the media who willingly looked the other way on all allegations regarding Sepp Blatter, or is that ‘step bladder’ as he was pissing all over everyone for the longest time? When was the last time when you looked at all the work from BBC reporter Andrew Jennings? He was ignored and partially shunned as I see it, and as we saw the escalations regarding all this with “In 2012 the Sunday Times revelations sparked a genuinely independent inquiry by a former US attorney general, Michael Garcia. This report was delivered to Blatter, but he has refused to publish it in full“, the full report was never shown (at that time), merely an example of evidence on how large corporation are in charge and the law is just a nasty side effect that can be ignored when certain people call the shots. So when we see ESPN give us “While the mystery of what details are contained in the full 430-page dossier has been revealed, it does not contain any additional proof of major acts of corruption. However, Garcia said some bidders tested rules of conduct to the limit“, that is ESPN, a sports channel, not the Times, the Guardian or any other newspaper that should have taken it to the front page. The article started with “FIFA released the full contents of the Garcia report that examined alleged corruption in 2018 and 2022 World Cup bidding on Tuesday, one day after it was leaked to German newspaper Bild“, so there is clarity, FIFA only released it when they learned someone else had it already. That is the game played by the press who are ALL afraid for another Leveson inquiry for them to be held to account. In this we see people like James Quincey (CEO of Coca Cola) get to tell the media and others what to do, we see that politicians are no longer in charge, they are merely caretakers, janitors of the high and mighty and the press remains around as mere facilitators of the lot. In this there is another matter that I can feel happy about to message towards Martin Ivens, editor of The Sunday Times to get the fuck out of his office and never return to media (period)! Remember the claim of “obtained millions of secret documents – emails, letters and bank transfers – which it alleges are proof that the disgraced Qatari football official Mohamed Bin Hammam made payments totalling US$5m (£3m) to football officials in return for their support for the Qatar bid“. In all this he is allowed one defence, by publishing all the evidence he claimed to have had. But that will not happen will it?

How is this related?

The entire setting of the Middle East is set for our eyes in misrepresentation by newspapers all over the world. They tell the stories that they are told to tell. I call it at times, writing with blinders, like a horse so they do not get scared by all the events around them. it is one thing to not inform us of everything, another to give us a pack of lies, to stack the deck against us and in all this the media is still at it, facilitating for all the Satya Narayana Nadella’s and James Quincey’s in the world, they are not alone and there are a few. In this these two named people are not evil; they are merely representing the best interest of their shareholders, which is their function is it not?

That is what is in play, Qatar will soon be optionally in the thick of it and their only safe move is not to play the game, to isolate them from their opposition (Saudi Arabia) and their non-friend Iran, they basically have no moves available and that is fine, but we need to make sure that the people realise and understand that no matter how they got to a certain stage, they need to remove themselves from the game, no longer be the pawn in this, the Iranian setting has shown to be adversarial and committed to a long term game to become an active enemy, delusional imagining themselves as conqueror of Saudi Arabia and the exterminator of the state of Israel, but not at the same time, that was never going to work, this is why it is my personal view on the matter that Iran resorted to ‘puppets’. Turkey and Hezbollah are the main ones, they were trying to be as thick as thieves with Russia, but they are no fools and they took the middle path at the earliest setting of them getting into warmer waters. Now the other players see certain matters evolve and whilst Mossad was kind enough to give the people something to read about, it was not enough, yet when we aggregate 15 months of news cycles, we see a path that shows a long term commitment of Iran taking a different path, the path I feared when people were trying to get cosy to President Rouhani to alleviate Middle Eastern tensions (in perfectly valid ways), the truth (as I personally see it) was that Iran had no one to replace Mahmoud Ahmadinejad, a committed hardliner, a politician that does the bidding of Ayatollah Ali Khamenei and Major general Mohammad Bagheri. They needed one that accepted both and I expect that one is in the works, but President Rouhani (the lame duck as voiced by one Iranian diplomat) is not that person and the other two are too powerful for President Rouhani, there will be no moderation in Iran. They are set to destroy their opponents no matter what, their one view is the only one that counts and as such, we might prefer to not be part of it at all, especially as non-Muslims, but they have given us no option, none that are diplomatic that is, we have to side with Saudi Arabia in that setting. Qatar is standing in a shallow spot with too many requiring water, and as solutions dry up, there is every option that Saudi diplomats, together with the GIP (Ri’āsat Al-Istikhbārāt Al-‘Āmah) can change that setting. I personally believe that Iran overplayed its hand a little too soon; perhaps they thought that the timing was right? It remains speculative yet the setting is now that the Iranian Qatar links can be (permanently) broken, in addition to all that the setting offers an option to ‘rekindle’ certain connections with the UAE which now puts the entire Yemen/Houthi situation in play where with the removal of Iran things could be resolved and actual humanitarian aid could commence, which would be a relief for millions of people all over the world. In both matters Iran ends up holding the wrong cards and an additional crack in the Iran/Hezbollah veneer could be created, in this setting, no one will care about the survival of the terrorist organisation Hezbollah and their only path is to hide in the deepest hole, hoping that some of them might survive at best.

I am certain that the matters are seen correctly, we are in an almost hostile setting where we limited options by misrepresenting nations and their views for the need of corporate greed (Qatar), we have been facilitating through all kinds of means to get a fictive deal in place, one that is shown more and more to never have been realistic (Iran), we have alienated other nations by demanding that they adjust to our way of thinking (Saudi Arabia) and in all this we went out of our ways to not hold others accountable because of other needs that the EU had for their personal little deals (Turkey), it is in all this that we should be creating a solution path, yet some have limited moves through previous acts and now that there is a time limit in place to prevent serious escalations, we suddenly see that we are in a place where Russia of all players ends up being the best placed for mediation in this, which will of course delay the second cold war for a fair bit, so we have that to look forward to as well.

In all this we see another reflective part towards this situation and the entire unacceptable mess within FIFA. With ‘Swiss prosecutor appeals for cooperation on FIFA case file‘, we see: “Switzerland’s attorney general has a message for his foreign counterparts as his office pores over reams of seized documents and dozens of criminal cases linked to FIFA: “Come to us.” Michael Lauber said Friday the investigations require both quick action and patience, and noted “good developments” like how growing cooperation has led to 45 requests for legal assistance from Switzerland with regard to soccer“, as well as “One of the complexities, Lauber said, is that Swiss law has no clause for cases of private corruption, meaning that his team has to find creative ways of going after suspected wrongdoing at times — as with the disloyal management allegations against Blatter“. This is interesting as most of the media left us in the dark, but moreover, we see that this was given to us on April 20th 2018. The question becomes regarding FIFA, what other options were never looked at or actively engaged in, and if this escalates and explodes, do we have any recourse left?

Are we in a place where corporate corruption in facilitating towards media and big business in all this is tolerated, what is left for us? If the sports can no longer be trusted, can we merely claw back to the old days that there are no licenses and sports can be freely covered by any media, remove all exclusivity whilst banning advertisements on EVERY sport event. So how many heart attacks could I cause in these higher corporate echelons by demanding this move to be made by the UN on a global scale?  #IDoHaveASenseOfHumour

When you see the media outrage on freedom of the press and the right to know, should that not include coverage of events? In that regard, when the media screams at that point, who will they be representing, the shareholders, the stakeholders, the advertisers or those watching the event, the actual audience? Now take that view towards the Middle East and the escalations and limitations we see, and especially the innuendo not backed by facts or evidence. The Middle East situation is indeed more complex, yet in part we made it that way, so when we see Amnesty International (at https://www.amnesty.org/en/latest/campaigns/2017/02/free-turkey-media/) with ‘Turkey: Journalism Is Not A Crime‘, and we realise the quote “Since the failed coup attempt in July 2016, academics, journalists and writers who criticise the government risk criminal investigation and prosecution, intimidation, harassment and censorship. Coupled with the closure of at least 180 media outlets by executive decree under the state of emergency, the message – and the resulting effect on press freedom – is clear and disturbing. The severity of the Turkish government’s repression of the media is such that it has been described by some as the “death of journalism”“, so when we see this and also realise that this is not the leading story in EVERY newspaper in the free world, why is that? Now consider last January we got: “Turkish President Recep Tayyip Erdogan was in Paris for talks with Macron, part of efforts to improve his government’s strained relationship with Europe. Macron confirmed that Turkey’s wait for EU membership was far from over and suggested a partnership instead in the meantime“, the use of ‘meantime‘, an implied setting of facilitation and the fact that Europe is bending over backwards allowing Turkey to get the sweet spots and not being held accountable for not one, but optionally two genocides (Armenia and Kurds). Can anyone explain where the press is in all this, because it remained ambiguous for the longest of time!

So in the end, how should we see that endangered view, is it merely projection versus perception? I do not belief that this is the case, but that might be merely my view on the matter.

And he game is not over, the issues we will see next week will be impacting on several issues at present and not only for the nations separately, some of the links will be influenced by several events and high end meetings, so next week I might end up looking entirely wrong, as we see some state it in a certain way, like for example: “it was in everyone’s best interest to make certain changes to the agreement as it was currently set”. That is the mere reality of the matter. Yet they will not change the answer, they will end up changing the question so that it matches the answer, which in the end is not the same.

 

Leave a comment

Filed under Finance, Gaming, Media, Military, Politics

Losing values towards insanity

Even as we see more and more anti NRA actions and other actions that are indeed positive geared towards making schools ‘safer’, there are now also people who are trying to cash in quick, school safety is an exploding business and some should be ashamed of that. Yet it is not about that, it is not about the schools. It is about the children. So tell me, how come that these 17 American children, are seen as more important as the 101,500 civilians killed in Syria. The total amount of civilians killed is close to 1/3rd of all casualties. In one week, we see 13 children and 10 women all killed. Not much noise there, is it? So when we see that the UN Security Council failed to agree after a second day of intensive talks on a proposed 30-day ceasefire across Syria to allow for emergency humanitarian deliveries and medical evacuations. How much as a failure should we regard ourselves? How we pat our backs by stopping Hertz discount to NRA members, not the people at the NRA, merely the members of the NRA. The utter ridicule that people are setting themselves up to be for hating people who like guns, for going after targets for the mere pleasure of ones ego, that whilst the UN is failing hundreds of thousands of people. So as we see “The talks at the UN headquarters in New York followed an appeal by French and German leaders to Vladimir Putin, asking for Russia to stop blocking the measure’s passage, pointing to the dire situation of the trapped civilian population in the rebel enclave of eastern Ghouta, a suburb of Damascus” (at https://www.theguardian.com/world/2018/feb/23/macron-merkel-urge-putin-back-ceasefire-syria-eastern-ghouta), the infuriating part is that I gave rise to this on October 17th 2016, so 16 months later after I wrote: “I reckon all the players know that, yet, having long conversations with Russian Foreign Minister Sergei Lavrov, whose only concern is to stall so that the population can be made extinct before the resolution passes, reads a lot more like the Friends edition of Pinocchio, than the original by Carlo Collodi” (at https://lawlordtobe.com/2016/10/17/a-new-disney/), so here I present the first piece of evidence that the United Nations is no longer a functional apparatus. Because the evidence as given by the UN themselves (at http://www.un.org/en/sections/un-charter/chapter-i/index.html), in its first article stating the purposes of the United Nations. Here we see in the first paragraph: “To maintain international peace and security, and to that end: to take effective collective measures for the prevention and removal of threats to the peace, and for the suppression of acts of aggression or other breaches of the peace, and to bring about by peaceful means, and in conformity with the principles of justice and international law, adjustment or settlement of international disputes or situations which might lead to a breach of the peace“, I think that we can state for the record that the United Nations has failed the Syrian people in the most amazing way. that failure and the repeated stalling by one of its members (in both cases Russia) most people seem to merely turn a blind eye, look at the populist activities that will lead nowhere, merely harass and abuse people. Go after 5 million members who never fired their guns in any school or at any child. Think yourself clever and pat yourself on the backs because your non-actions will get another 50 children killed before the end of the month.

So as Al-Jazeera gave us ‘the meeting, however, has already been delayed multiple times as negotiations continue over the wording of the draft resolution‘ , we see that whilst people are trying to be clever about events more people will get killed. So yesterday (according to the AP) “Syrian government warplanes carried out a sixth day of airstrikes Friday in the rebel-held suburbs east of Damascus, killing 32 people, activists said, as the death toll from a week of bombardment soared over 400“, how many will it be today? The fact that according to several sources (Washington Post amongst them) we get: “the situation was complicated further by reports that Russian mercenaries had taken part in the attack and were among the dead“. You see, no one might cry about these mercenaries, but as they are basically not part of any army, they will kill first and consider asking questions later. More important, the mercenary firm Wagner, allegedly owned by Yevgeniy Prigozhin is reaching out in other directions too. He is linked to the Internet Research Agency (IRA) in St. Petersburg. He has been indicted (at https://www.justice.gov/file/1035477/download) for his part towards violating criminal laws with the intent to interfere “with U.S. elections and political processes“, according to the Justice Department. Some state (not too reliable sources) that they are now growing in making botnets, not to spread issues, but to collect data. So, even as he is connected, he is growing data, knowledge and opportunity on almost a daily basis.

How does that connect to Syria?

Apart from the money he makes on the mercenaries and their actions, he is now in a position where he can set the foundation to get access to all the Syrian national data on almost all levels, whilst having a comfortable place to start collecting data on everything on all the nations bordering Syria too. This is not some cake walk or just fun. When we consider the WP on this, we see: “Wagner first gained attention for its operations in 2014 in Ukraine, where mercenaries with the group — mostly military veterans and ultranationalists — were reported to be fighting alongside Russian-backed separatists in the eastern part of the country. The group was believed to have been led by Dmitry Utkin, who until 2013 had served in Russia’s foreign military intelligence agency, the GRU“, do you think that billionaires, especially Russian ones are in it for the ego? No, he wants to grow, grow fast and in every direction. At least two other sources give us “A former lieutenant colonel and brigade commander of the Spetsnaz GRU detachment. The 700th Independent Spetsnaz Detachment of the 2nd Independent Brigade of Russia’s Main Intelligence Directorate (Части и подразделения специального назначения (спецназ) Главного управления Генерального штаба Вооружённых сил Российской Федерации). These are not kids playing on the side of the road, these people tend to have very serious plans and when they are not connected to an official army they tend to get selfishly lucrative really fast.

That does matter, because professionals like that are not in it to kill civilians, yet they will kill whatever gets in their way or in the way of them completing their mission, so in this it matters what their mission is in all this.

There is a second part in all this and be aware that this is all pure speculation from my side. When we consider the Washington Post quote “Russian mercenaries had taken part in the attack and were among the dead — making it the deadliest U.S.-Russia clash since the Cold War“, so what if that is exactly what they want? What is a new cold war is their intent? As people are shouting and arranging all kinds of partially useless actions regarding 17 kids, in a nation that is basically beyond bankrupt, how much will it take to flame a new cold war, one where the US and NATO are on the roes due to lack of brainpower and resources. The technical advantage that the US and NATO had during the previous one is no longer there. You might remember stories of Russian men in ridiculous rain coats, having almost no knowledge of electronics. That time has passed and the US no longer has the options it used to have, whilst in addition they tied their own hands in several ways. At this point a cold war could end up being devastating to the west. In addition, when we are treated to both “The USS Michael Monsoor, the second and latest Zumwalt-class stealth destroyer, suffered an equipment failure that prevented the ship from conducting sea trials” as well as “It’s been more than a year since the Navy decided to cancel procurement of an expensive new ammunition for its Zumwalt-class destroyers, but the service is still pondering how to best replace the munition, a Navy official said Wednesday. In 2016, the Navy decided to stop buying the Long Range Land-Attack Projectile, or LRLAP, after discovering that its price had spiked to $800,000 per round. LRLAP was the only ammo developed specifically for the ship’s Advanced Gun System“. So not only are these ships dodgy (for now), they can’t afford the ammunition, it seems to me that (even though we know that the US navy is a lot larger) that we should see the developing issues as a worry. You see this all links back to Syria. Do you think that Russia is going to play ball when there is no need? A paper tiger is only scary for the time you do not know that it is merely a paper one. After that all bets are off and it is entirely possible that this is the gamble that resident Putin is currently making. If proven correct we will see all kinds of developments, not merely in Syria, but the Kurds will get more tank slamming by Turkey and the dangers of Iran v Saudi Arabia would become a likelihood too.

So back to Syria, as the WP gave us on Yevgeniy Prigozhin: ‘He now has a reputation as a man willing to do Russian President Vladimir Putin’s dirty work‘. I think that this is the cost of doing business. I think that there had been a clear plan in place, even as I do not agree with Alexey Khlebnikov, a political risk consultant and a Middle East expert at the Russian International Affairs Council. He calls this a “double-edged sword”. The risk is almost negligible for Russia, even as we see the quote “details have trickled out in embarrassing ways“, getting captured is not an embarrassment it is merely an inconvenience. It seems that Yevgeniy Prigozhin is the creative side, when you take a High value target like Dmitry Utkin you get something else, on his level a person does not get to walk away, there is a tactic in play and whilst we stare at certain parts we all forget that a man like that over 25 years has created its own network of people and skills. It could be that Wagner will grow faster because of opportunities, but in which direction? That is a part we can see when we realise that smiley face Dmitry is also CEO of Concord Management and Consulting. With these two gentleman owning 50% (actually more than that) into LLC Megaline, with Megaline receiving a large chunk of the capital construction contracts for the Russian military we see that link. When the dust settles, Assad will need to rebuild, and they will be the front player and possibly only consideration on a nation needing to be reconstructed. So now how weird are their actions? Both Yevgeniy Prigozhin and Dmitry Utkin are now perfectly placed to rake in billions and in that regard we get back to the options for the dying in Syria; they don’t get to have any. Whilst everyone is settling around clever text on how to word the phrase ‘cease-fire‘ in that timespan Damascus could be adequately be made devoid of life bringing the optional closure of the Syrian war with President Bashar Hafez al-Assad remaining in power. If only the US and NATO had actually acted in 2012, the picture might have been a lot different. Yet for now, up to yesterday 150 children, were killed in Ghouta, yes the loud actions on behalf of 17 school dead children from the Marjory Stoneman Douglas high school in Parkland, Florida makes a lot of sense in a global perspective, especially as we see the shouting and actions that are partially senseless and baseless, all emotional outrage whilst none of them are on the failings of the ATF (not due to their own accord) and its legislation.

Just like Federica Mogherini, the EU foreign policy chief as well as the letter Emmanuel Macron and Angela Merkel sent to Putin on Friday said the continuing attacks on civilian populations represented “clear violations of international humanitarian law”, all actions that look nice when covered by the media, yet in the light of the U.N. Security Council delayed a vote on a resolution demanding a 30-day humanitarian cease-fire across Syria until Saturday in hopes of closing a gap over the timing for a halt to fighting, that whilst we hear that “after six hours of negotiations, Kuwait’s U.N. Ambassador Mansour Al-Otaiba, the current council president, told reporters Friday evening that members ‘are so close’ to agreement, and negotiations are continuing“, so there will be more killing and more bombing and more actions for at least 12 more hours. So how many children will die in the next 12 hours and how ridiculous does the man with the yellow card look with the text “NRA stop killing our kids”, an act they never did, an act they would never approve of or support, are you starting to comprehend the insanity of it all?

internet_research_agency_indictment

3 Comments

Filed under Finance, Law, Media, Military, Politics

A changing language

Europe is in several stages of unease; there is the spending of Mario Draghi, Brexit remains on the mind of many. Yet, the one change that is now more and more in the foreground of many is the problem that Turkey seems to be. There are those set on the stage to end Turkey as a NATO member and subsequent becoming part of the EU, there are things going forward and backward, but the language involved in all this is changing, so are the settings for the meetings yet to come. In all this the latest Turkish act to double down on the Russian S-400 purchases in 2020. There is, as I stated unease and as I see it the entire EU-Turkey mess is now a dance around unclear settings. Yet the settings are founded on what some would call, clear and blatant lies.

So to recap, on March 26th in the Bulgarian port city of Varna with the attendance of President Recep Tayyip Erdoğan, there will be a summit. The given setting is “to discuss EU-Turkey relations as well as regional and international issues“, this we got from the spokesperson for Donald Franciszek Tusk. The meeting held at the leaders’ level will be hosted as a working dinner, a statement signed by Tusk and Juncker said. Yet soon thereafter it begins. With: “Ankara has been stressing that the EU fails to understand the challenges that the county faces, and calls on all sides to take Turkey’s concerns into consideration, particularly against the PKK and the Gülenist Terror Group (FETÖ), which carried out the failed July 15 coup attempt“, yet how is that true when it has been clear for the longest time “Turkey witnessed the bloodiest coup attempt in its political history on July 15th, 2016, when a section of the Turkish military launched a coordinated operation in several major cities to topple the government and unseat President Recep Tayyip Erdogan“, this is the quote from Aljazeera, but they were not the only one giving this.

The Turkish government blames the failed coup attempt on Fethullah Gulen, a Turkish preacher and businessman who has lived in self-imposed exile in the United States since 1999. So as we accept that the Gülen movement is classified as a terrorist organization by Turkey under the assigned names Gülenist Terror Organisation (Fethullahçı Terör Örgütü, FETÖ) or Parallel State Organisation (Paralel Devlet Yapılanması, PDY), we see the link offered, yet another path in this is “MIT officials admitted that they received the very first intelligence report about a possible attack on July 15, only hours before their own headquarters was under heavy artillery fire“, as well as “As of today, more than 100,000 people have been sacked or suspended and 50,000 arrested in an unprecedented crackdown. The government has deemed the crackdown necessary to ‘root out all coup supporters from the state apparatus’“. When we consider those parts, we need to realise that the Millî İstihbarat Teşkilatı (MİT) was completely out of any loop, which makes Turkish Intelligence not just a flawed setting, it would implicate that it has limited counter terrorism options and no resources to speak of (in intelligence terms).

In opposition to this, there would be enough data to offer that it was an internal issue from within the Turkish military and whatever opposes Recep Tayyip Erdoğan in Turkey got a fat target painted on them. This fills and completes the view we need to have of Turkey much better. In support of this we need to consider that one exiled cleric could not have orchestrated the military support that would have been required and that was seen in action. The width of the Turkish military acting seems to be that of an internal star chamber than a clerical imprint on the military, the latter would have given more visibility to other ranking officers within the Turkish armed forces. As this becomes more and more visible and accepted, we are treated to the view on the unacceptable acts against the Kurds yet again, which followed the Turkish official view of the coup that they ‘survived’.

So in this light the setting for March will be one that is a puzzle. You see as Turkey keeps on playing this game, their credibility will only go down further. The European Council on Foreign Relations (ECFR) (at http://www.ecfr.eu/article/essay_eu_turkey_relations_the_beginning_of_the_end_7226) gives us: “Both Turkey and the EU need the continuation of this partnership. It is a matter of definition whether this partnership will be in the form of full membership or in a different form. What is important is not to break the process and not to cause alienation. The need for sustainable EU-Turkey relations obliges both sides to take steps to honour their commitment to integration“, we can accept that, but at this point, is continuation feasible? We see the shifting language that shows that Germany is less and less taken with Turkey, now siding more and more with France on the anti-Turkey alliance. It gets worse for Turkey as we now hear: “A Turkish court on Wednesday denied entry to the German ambassador to Ankara to the hearing of Selahattin Demirtas, the former co-leader of the pro-Kurdish Peoples’ Democratic Party (HDP)“, which we get from http://www.dw.com/en/turkish-court-denies-german-ambassador-entry-to-kurdish-politicians-trial/a-42579957, even as France is trying to work with Turkey regarding a ‘diplomatic road map‘ on Syria, the sounds of accusation of Turkey violating international law was not far behind it, so there is pressures on nearly every level. Only 12 hours ago, Deutsche Welle gave us “Even NATO Secretary-General Jens Stoltenberg wouldn’t hazard a guess ahead of this week’s defense ministers’ meeting. He said Turkey needs to clarify the status of the contract” (at http://www.dw.com/en/turkish-russian-missile-deal-puts-nato-on-edge/a-42572965), as I said earlier, the language is changing. As we see ‘Turkey needs to clarify the status of the contract‘ that it is about cancelling the contract? Yet in that respect, what would Turkey demand in return? How much is that going to cost and where does that invoice end up? You see, when you consider Reuters with ‘U.S. tells NATO allies spending plans still falling short‘ (at https://www.reuters.com/article/us-usa-trump-nato/u-s-tells-nato-allies-spending-plans-still-falling-short-idUSKCN1FY013), where we see “Spain has said it will not meet the 2024 target. Belgium, the Netherlands, Luxembourg, Italy, Portugal, Norway and Denmark are also lagging. Hungary expects to meet the goal only by 2026“, as well as “France will increase its defense spending by more than a third between 2017 and 2025, but Germany, is not expected to reach the 2 percent target by 2024“, this gives us that the three large economic anchors of the European Union cannot get there. It is these elements that make me wonder on the changing language involving Turkey. From a setting that would have given a clear rejection of Turkey becoming an EU member, we see the setting of new talks, new events and more ‘collaboration’ projects. I think that France is already learning the hard way that this path leads to nowhere, but the others need Turkey to be a spender here, and Erdogan is using that tactic to his own advantage, because once they are in, you cannot throw them out anymore (the EU that is), not even willingly as the UK is learning the hard way. Even as we accept that to some extent Turkey helps to reduce an influx of Syrian and other migrants and refugees into the EU bloc, the question is to what extent and for which purpose, because once these refugees make it into Turkey, Turkey is either stuck with them or they must ‘divert’ them to another place.

In this, in an earlier blog I mentioned the Visa Free EU travel for Turkey and that they had not met the demands. So as we see “Last week, Turkey manifested determination to restart a new chapter in its ailing relationship with the European bloc by submitting a paper detailing Turkey’s roadmap for the fulfilment of the remaining seven benchmarks of 72 criteria” we need to get worried on the non-committed acts from the EU on the matter which had not been met. It seems like Brussels is trying to find any way to either delay it all or give Turkey a pass, which would be disastrous for several players. This is seen in several articles, in this case the Irish Times gives us: “Instead of formally ending EU membership talks, Dr Merkel said she would look at imposing “real restrictions on economic contact” including through the European Investment Bank, EU aid, World Bank and by blocking talks on expanding Turkey’s customs union agreement with the EU, a move that could hit billions of euro in potential Turkish exports“, whilst the EU themselves was ‘dismissive of call for end to Turkey accession talks‘, stating that this is for the heads of government, European Commission says, so the EU revels in inaction and restrictions in other ways. This is a dangerous and explosive combination.

So even as one issue was the contention in the counter terrorism benchmark which has been the definition of terrorism in the counter-terrorism law that Turkey was called repeatedly to amend in order to comply with European democratic and judicial standards. Now, according to reports, a legal provision will be added soon to the current anti-terror law stating that “any critical expression that does not exceed the boundaries of journalism does not constitute a crime“, how is that enough? As we see the Kurdish issues as shown earlier as well as a new complete failure by the Millî İstihbarat Teşkilatı (MİT) should leave anyone a clear indication that not only is the counter-terrorism failing, there is an increased worry that Turkey does not really comprehends the term ‘counter-terrorism’, in support of that fact, or evidence to that, you should talk to the journalists Deniz Yücel, Huseyin Akyol, Ragip Duran, Ayse Duzkan, and Huseyin Bektas. Oh no, you can’t they are in jail! Turkey could have had a genuine excuse, but they lost that option when they denied the German ambassador to Turkey access to the court proceedings. That alone should be regarded as evidence to dismiss the ascension of Turkey to the EU.

And whilst the entire language on Turkey seems to be in a fluid state, the Brexit noise goes on, whilst some are relying on fear-mongering with noise like: “You could have a permanent Operation Stack for 20 miles” regarding shipping between the UK and the EU, ‘could‘ being the operative word. So how large was that ‘stack’ in the 70’s and 80’s? In addition we see the Financial Times (at https://www.ft.com/content/0a8799c6-1190-11e8-940e-08320fc2a277) give us: “Brussels is urging EU leaders to consider radical options such as raiding corporate tax receipts and money raised from selling carbon emission permits to fill a €15bn a year budget hole left by Brexit“, in addition it gives us: “the need to find more money for priorities such as border control and joint defence, mean negotiations are likely to be even more poisonous than previous EU tussles over money“, whilst we see “Some member states don’t want to pay more but they want to do more. Other member states want to receive more“, these elements show the desperate state the EU is in now, that whilst Mario Draghi has printed almost 2 trillion Euro in money for ‘Quantative Easing‘. This relates directly to Turkey, because it shows the desperate EU trying to open a many doors as possible, this is how I see the impact of not dismissing Turkey as an EU member at present. So when we see “impose tougher conditions on access to EU funds as a way to force the likes of Poland and Hungary to comply with EU policies on the rule of law and on asylum” as is a given view on the two needing more money, wanting a stronger voice but cannot contribute. Add to that the earlier pressure from the US for NATO member to do more gives a shifted view of the needed activities within the EU, Turkey is seen as the one floating elements that will allow a few players to keep their heads above water, but it is as I personally see it a desperate act from certain short term viewers, that whilst they also know that it will descent EU elements into chaos. As I (again merely a personal view) see it, it would cripple Strasbourg in getting issues resolved and as Turkey fails to comply with humanitarian sides, it could in equal measure become the puppet for Russia for dislodge other item in consideration, an option honoured by perhaps negating some invoices for S-400 systems, spare parts, training and consultancy? It is merely speculative thinking, but would I be wrong? It would work out very well for Turkey, for the other bloc members a lot less so.

A danger that could have been resolved almost 2 years ago, I will let you ponder on the reasons why the EU never negated this danger.

 

1 Comment

Filed under Finance, Law, Media, Military, Politics

A linguistic joke

The British Metro came with a hilarious article a mere 12 hours ago. The quote is not enough; it already starts with the title. With: ‘British children aren’t learning foreign languages after the Brexit vote‘ is just too funny. We can clearly state that they were not learning foreign languages before Brexit either. To be more precise, not for decades! And, why should they? Now, let’s be fair, there is a benefit to learning languages. For the Dutch it is essential, because only the Dutch (and perhaps the Flemish) can understand the Dutch. So they (me in my youth) got to learn German, French and English in our first year of secondary school. I dropped French in favour of Physics and continued. In the years that followed I learned a few more languages, and as such I can get by across the planet. It was only in Asia where I learned that English is not a language that was used much, yet until that moment, I had learned that nearly everyone spoke English (except the Americans, they have a weird variation on it). So from that point of view, and when you see “The council claims the lack of language skills is holding back international trade performance by nearly £50 billion each year and worries there could be a gulf once the UK leaves the EU“, I merely reply that I want to see evidence here! I want that the British council to show actual data proving this, because at present, the British council is showing to be a joke. This joke is personified in Schools advisor Vicky Gough who stated “At a time when the UK is preparing to leave the European Union, I think it’s worrying that we’re facing a language deficit“, well Vicky, for your information the Brits have always been language deficit since before World War 1, so we can agree that your logic is faulty at best. This is followed by “And I think without tackling that, we stand to lose out both economically, but also culturally. So I think it’s really important that we have a push for the value of languages“, I will agree that she has a case on the cultural side. There has always been a cultural benefit to knowing languages that much we can all agree on. But in this day and age, should we focus on the local languages (German, French and Spanish), or should we concentrate on the global economic area languages (Hindu, Chinese, Arabic and Japanese)? That is a much harder consideration to make. You see do you cater to your local setting or are you catering to a workforce to become global. This is not an easy question to answer, because the planet is in flux and what is now wisdom might be folly in 5 years, so after 6 years to truly have linguistic skills in some areas; those areas are no longer viable as international players, so how does that pan out? So when we see “A report by the British Council claims Spanish, Mandarin, French, Arabic and German are the top five languages the UK will need post-Brexit“, my view seems to be correct, yet in what setting? The Spanish only speak Spanish (for the most), so why adhere to that side? So why would the UK need German and French? Most of them speak English and hiring a foreign national in your company is likely cheaper and more productive, that is if you have quality business with that nation, if not, why bother? At that point, the article comes with an interesting view “One pupil studying Mandarin at London’s Alexandra Park School said: ‘We can’t just presume that countries are going to learn our language, because if we don’t do the work why should they?’” It is a good point, but those people also realise that Mandarin is one of the most complex languages in the world and if you are not born in that environment you start with a large disadvantage. Now, there are plenty of reasons to study Mandarin and learn the language, but on the premise that it might lead to a job is long term folly, taking the language up when you are to be in China, perhaps even after you arrive makes a lot of sense, perhaps more sense. Now, we can see that the only way to do business in Saudi Arabia is to learn Arabic and plenty of brits trying to make quick bucks are up to the challenge, but that nation has its own set of rules, customs and culture and those all need to be taken in, merely learning the language will not get you there, so in my view, not only is the article to some part a joke, it is merely another jab at giving stress in relation to Brexit. So, until Metro publishes clear evidence from the British council that the UK is missing out on 50 billion, the entire matter is hilarious and folly at best.

And it is merely one of several articles. the Guardian with ‘Britain’s tired old economy isn’t strong enough for Brexit‘, Computer Weekly with ‘We must avoid the Brexit risks to London’s tech community‘, and Clean Technica with ‘Current State Of Brexit Likely To Leave UK Environment Worse Off‘, all fearmongering, and Social Europe is giving the people: ‘Reversing Brexit: Legal Route Via Vienna Convention‘. Social Europe is actually setting the premise to protect bankers and the IMF. I have not seen such levels of what I regard to be deceptive and naive conduct since the British Prime Minister, Neville Chamberlain, who stated on September 30th 1938 that the British people would have “Peace in our Time“. Do you remember what happened after that? In the end, on the Allied side alone, up to 3.7% of a population of 2.3 billion ended up dead, both military and civilian, excluding 7 million Germans and 26 million Russians. I think that fearmongering and the naive approach to all this needs to stop.

It was never said that there was not going to be a hard time, but it seems to me that the financial sector has now become so afraid of losing the ability to fulfil their greed driven needs that they are using every media outlet to spread the fear and see if they can get a recount whilst getting at least 4% into the Bremain group.

In all this, the Guardian article makes a decent point, but does so by keeping certain parts unmentioned. With: “Manufacturers were unable to make things cheaply, reliably or efficiently enough against the headwind of a high-value currency, forcing many to give up. An economy that boasted 20% of its income coming from manufacturing in the 1980s found it was the source of barely 10% at the beginning of this decade” they are telling you the truth, but they do not tell you that opposing this were China, India and Japan, with almost no labour laws, whilst both India and China had no protection for child labour, so these nations made goods with 90% less costs, giving them a large advantage. Even now, in 2000 some sources gave us that there were approximately 11,500,000 children at work between the ages of 10 to 14 in China. This violates article 32 of the Convention of Rights of The Child. So if the Guardian article was being fair, why not mention these parts that clearly impact it all in a negative way?

So as we see the linguistical joke that Metro brought and the additional articles that raises questions as they go overboard not mentioning things, we need to consider why such presentations are not clearly shown by the media. Even the IMF is involved in all this, whilst their prediction have been wrong regarding the UK three times, so should they be given any level of reliability as they try to downgrade the UK, whilst upgrading the other European Nations for 2018? I know that this might be a hard year for the UK, yet as the stimulus train called ‘the Draghi Disaster‘ is running its final stage, the moment that ends, will spell even harsher environments for Europe and particularly France who could see a downturn of their economy for 0.5%-0.75%, this implies that they will barely be above 0% for the three years that follow. In this I might be equally wrong. Even as France24 (at http://www.france24.com/en/20180122-macron-hosts-140-business-leaders-versailles-investment-france-economy), predicts “Economic growth has been forecast to rise to 1.9 percent in 2018 by the central bank”, which is already slightly too positive. Even as it books the Toyota move into the positive, France will soon realise that at this point Toyota is likely to push for additional rebates beyond the 25% corporation tax (as is Microsoft for 4 new data centres), which will closer to the end of this tax year will show up in the news as ‘unfortunate bad news on the economy due to a miscalculation’, it is not the first time and the French are not the first to do this. Yet in that, we can see that the IMF boast is overly positive towards Europe, implying that the view from that point shows the UK economy as stated to be overly negative. I personally see it as another ploy to undermine Brexit that could bite them in much harsher ways down the track, if the media is actually able to show some balls standing up to large corporations.

So even if I see the linguistic joke as a large one, there is no denying that France is clearly opening its doors to certain people and in only that moment there is a sense of truth in the words Vicky Gough, yet what is equally not given is that this is the first time since I started my first job in 1979 that such a view is given by France. With the graying population they are not the only ones doing that and as such the working population will make a drastic change, I cannot predict how it will filter out for France, but at least Emmanuel Macron is making active changes to an ancient unyielding protocol and that might be the best news of all for France, that alone could spell my realistic numbers to be slightly less positive than the actual numbers will turn out to be.

 

Leave a comment

Filed under Finance, Law, Media, Politics