Tag Archives: Emmanuel Macron

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.

 

Advertisements

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

Insights or Assumptions?

Yesterday’s article in the Washington Post (at https://www.washingtonpost.com/news/global-opinions/wp/2018/01/22/the-rise-of-saudi-arabias-crown-prince-reveals-a-harsh-truth) is an interesting one. In this article Professor Bernard Haykel gives a view on the issues we are optionally likely to see in Saudi Arabia. I am not sure I can agree. You see, he might be the professor of the ‘Near Eastern Studies and the director of the Institute for Transregional Study of the Contemporary Middle East, North Africa and Central Asia’ at a prestigious place like Princeton, but my pupils tend to shape like question marks when someone’s title requires 13 words to be merely one part. We see in the article “depict him as power-hungry and corrupt, and cite these two impulses for his behavior and policies. When King Salman designated MBS as his heir in June 2017, MBS effectively became the most powerful man in the kingdom. And despite ill-advised purchases (including a yacht and a French chateau, which have cemented the impression of the crown prince’s greed)“, so how does that work? You see Prince Mohammed bin Salman is wealthy, his family is very wealthy, and as such is a yacht a splurge? It would depend on the price. Second there is the mention on a French Chateau. Well, I have taken a look and I fell in love with a house in France too, in Cognac (my favourite drink). The house (at http://www.rightmove.co.uk/overseas-property/property-58209296.html), has 7 bedrooms, is amazing in looks and in a nice village. The amount comes down to a little over a million dollars (money I obviously do not have), but consider that the same amount will only get you a decent 2 bedroom apartment in the outskirts of Sydney, within some suburbs and in the city, those prices will go up from 250%-1500%, depending on how outlandish your view needs to be, in a measly 2-3 bedroom apartment. So how does that make the Crown Prince greedy? Now his choice is a chateau 50 times that price and a family that owns billions can splurge a little. His place is west of Paris. And let’s face it, as some economies are going, having your money in something substantial is not the worst idea. His second splurge, linking him to greed and power hunger is a yacht. So how does that leap rhyme? I have no idea and I find the professors view slightly too speculative. Yet, the man is not done. He then gives us: “MBS is trying to deal with a harsh truth about Saudi Arabia: The kingdom is economically and politically unsustainable, and is headed toward a disaster“. There is a truth in that. As Saudi Arabia is dependent on oil, there will be a lull in their lives, as the need for oil exists, with prices going down, there is no real prospect of fixing it, but wait that is exactly what the crown prince is doing. He is setting forth his 2030 view, a growing move away from oil dependency, which is actually a really good thing to do. It does not make him greedy, merely a visionary that technological evolution is essential to the continuing future of Saudi Arabia. We then get two quotes that matter. The first I already gave light on with “a sclerotic state with limited administrative capacity and an economy that is largely reliant on declining oil revenues“, yet sclerotic? That means “losing the ability to adapt“, which is exactly what the crown prince is trying to achieve, adapt the nation to other options and new ways. The second is a lot harsher, but requires additional focus. With: “a venal elite comprised of thousands of royals and hangers-on who operate with impunity and are a huge drain on the economy. It is saddled with a bloated public sector which employs 70 percent of working Saudis, and its military is incapable of defending the homeland despite billions spent on armaments“, so we can argue on the wisdom of ‘employs 70 percent of working Saudis‘, I am not stating that it is true, but when we see Walmart in the US, who employs 1% of Americans pumping billions of profit into that one Walton family, we should wonder how wrong the Saudi actions are. So we might not see corporate greed like in the US, but is one method better than the other? I am not sure that this is the case. The other part I need to comment on is: “its military is incapable of defending the homeland“, what evidence is there (it is not in the article at all)? Let’s not forget that Iran has been a warmongering nation for DECADES! How many wars did Saudi Arabia get into? There was the Saudi -Yemeni war of 1934, The Gulf War, where Saudi Arabia was a member of the allied forces, the Saudi intervention in Yemen and the current upcoming conflict with Iran. So, regarding the inability to defend the homeland? Is that perhaps merely gesture towards the incoming missiles from Yemen? Well, we can bomb the bejezus out of Yemen, but it would imply thousands of civilian casualties as these people are hiding in the civilian masses. Something they learned from groups like Hamas and Hezbollah I would reckon, but that this is merely an assumption from my side. I found the restraint that Saudi Arabia has shown so far quite refreshing.

I am not stating that Saudi Arabia is holier than thou. Like any nation, it makes mistakes; it has views and a set infrastructure. It is moving at a pace that they want, not the pace Wall Street wants, which is equally refreshing.

The article gives us truths, but from a polarised setting as I see it. Yes, there is acknowledgement on the achievements too, in both the directions of the USA and Russia, and we can agree that just like 86% of all other nations (including the USA) that the economy is a weak point. So how is America dealing with a 20 trillion in debt? From my point of view, the USA has not done anything in that direction for over a decade. Instead of lowering the corporate tax to the degree it did, it could have left it 5% higher and let that part be reserved of paying of the debt and interest, oh right, the 5% will not even take care of the interest at present, so as such the USA is in a much worse place at present, which is not what the article is about, but we should take that into consideration, and the end of the article? With “Ultimately, MBS wants to base his family’s legitimacy on the economic transformation of the country and its prosperity. He is not a political liberal. Rather, he is an authoritarian, and one who sees his consolidation of power as a necessary condition for the changes he wants to make in Saudi Arabia“, is that true? The facts are likely true and when you employ 70% of a nation, economic transformations are the legitimacy of that nation. There is the one side Americans never understood. In the end, Saudi Arabia is a monarchy; their duty is the welfare of that nation. So it does not make him authoritarian (even as he might be seen as much), he is the upcoming new monarch of Saudi Arabia, a simple truth. Within any monarchy there is one voice, the King/Queen of that nation. So it is in theory consolidation of power, in actuality it is a monarch who wants all voices and looks to be towards an area of focus, what that is, the future will tell, but in the end, until the Iran-Saudi Arabia issue is solved, there will be plenty of space for chaos.

In this his path is clear and that is the part the professor did illuminate too. With: “MBS is trying to appeal to young Saudis, who form the majority of the population. His message is one of authoritarian nationalism, mixed with populism that seeks to displace a traditional Islamic hyper-conservatism — which the crown prince believes has choked the country and sapped its people of all dynamism and creativity“, it is his need to create a population that is nationalistic, that sees Saudi Arabia as a place of pride, which is not a bad thing. In a setting where the end of hyper-conservatism, as it can no longer reflect any nation in a global economy, is an essential path. He is merely conservative in not handing out all those large benefits and multi-billion dollar revenue in the hands of opportunists who are eager to take those billions over the border, out of Saudi Arabia at the drop of a hat, any hat. That will drag down the Arabian economy with absolute certainty. A dynamic and creative nation, especially fuelled by youth and enthusiasm could spell several wells of innovation and profit that could benefit Saudi Arabia. I think that the path from hyper-conservatism towards where it needs to be in 2023 is so far well played. He is not there yet, but the path is starting and that is in the end a good thing. The only thing that the US needs to fear now is that the creative and innovation path that Saudi Arabia is on, could spell long term problems for a nation that has been fixated on a iterative technology path where the US is no longer the front runner, they were surpassed by Asia some time ago, the US merely has Apple and Google. Oh no, they do not, because those are proclaimed global corporations. So where does that leave the US?

So as we see Bloomberg (at https://www.bloomberg.com/news/articles/2018-01-22/imf-sees-global-growth-picking-up-as-u-s-tax-cuts-gain-traction) gives us ‘IMF Says Global Growth Picking Up as U.S. Tax Cuts Take Hold‘, which is a number I find overly optimistic, Global growth is set to 3.9%, yet the bad news cycle has not started yet, so I reckon that if the global economy ends at 2.45% it would not be a bad achievement. In that light I find the mention “The IMF also predicted that the tax plan will reduce U.S. growth after 2022, offsetting earlier gains, as some of the individual cuts expire and the U.S. tries to curb its budget deficit“. I believe that the US economy takes a hard hit no later than 2020 and the idea of ‘curb its budget deficit‘ is equally amusing, they have not been able to do that for 15 years and as there is at present every chance that President Trump is a one term president only, the Democrats are now likely to win by large margin and the entire budget curbing would be immediately off the table, because spending is the one thing the democrats have proven to be utter experts in, they merely leave the invoices for others to deal with, which is equally unhealthy for any economy.

And in that article we see exactly the fears that are mounting towards Saudi Arabia too. With “the IMF flagged protectionism, geopolitical tensions and extreme weather as risks to the global economy” we see a new frontal attack starting on protectionism. Mentions like “A reduction of Germany’s surplus would help reduce global imbalances” and it is not one source, hundreds of articles over the last 16 hours alone, all hammering the protectionism word in a bad light. It is now becoming all about trade protectionism, even under the terms of Brexit, we saw on how people were stating that it was a disadvantage, the single market falls away and as such the UK cannot benefit. Now that Brexit is still pushing forward, the IMF is changing their tune and it is now on protectionism and trade protectionism. Another way to state that tariffs and import fees are now a problem, it is the final straw in giving large corporation the push for benefit they need and many are in the States (IBM, Microsoft, 3M and so on), they would benefit and even as I mention Brexit, it also affects Saudi Arabia. As we saw last July: “Being a WTO member, Saudi Arabia is expected to bind its tariffs on over three-fourths of U.S. exports of industrial goods at an average rate of 3.2 percent, while tariffs on over 90 percent of agricultural products will be set at 15 percent or lower“, so the IMF is not merely voicing the fear of the US, it is equally scared that the stimulus backlash is about to his impeding presented global growth, the protectionism and trade protectionism are set to plead for open doors, I wonder if that also means that patent protectionism would have to end. I doubt that because pharmacy is what keeps the US afloat in more than one way, and is not a subject that is allowed to be tinkered in.

So were these insights or speculations?

I believe both the professor and myself were doing both, I admit to that upfront, whilst the professor set it in a text that is acceptable yet should have been raising a few more questions that the Washington Post is bargaining for. We can argue that this is a good thing, but it is my personal belief that even as it was a good and insightful article, in the end all the mention of power hungry and corrupt, in the end he showed no real evidence that this was a move of a power hungry person, especially as the person in question (Prince Mohammed bin Salman) is set to be the future king of Saudi Arabia, the crown prince is at the tip of the pyramid, so he needs not be power hungry. That can only be shown if he starts expansion wars with his neighbours. In addition no evidence is shown of corruption, I do not state that this is not the case, but if you accuse a person of being corrupt it would be nice to add actual evidence of that, which is merely my point of view.

In the end, through insight and speculation, I hope that you got some insights of that and feel free to google ‘IMF protectionism‘ and see how many articles were added in the last week alone. It is clear that Davos is about removing limitations, not actually growing a true economy. Which implies from my point of view is that Davos is about big business and what they need, not what the people desperately require. Consider that when you read about the ‘World Economic Forum Annual Meeting’ and when you see who is present. My mind wonders on how many informal meetings there will be and how Theresa May is likely to get hammered on Brexit issues as Emmanuel Macron, Jean-Claude Juncker, Angela Merkel and perhaps even Donald Trump unite against Brexit. It is an assumption from my side, but at the end of the week, will I be proven wrong?

 

 

Leave a comment

Filed under Finance, Law, Media, Military, Politics, Science

The desperate just won’t stop

We have seen so much about Brexit, it is getting ridiculous. Even the Guardian is giving us loads of fear mongering articles. Now, their partial valid defence is that this is what is being said, so that is fair enough, but have you all considered the sources?

For example ‘No-deal Brexit would cost EU economy £100bn, report claims‘ (at https://www.theguardian.com/politics/2018/jan/15/no-deal-brexit-would-cost-eu-economy-100bn-report-claims). Here we see “lack of trade deal would cost UK around £125bn“, so lets take a look at the source ‘Oxford Economics’, from their own claim: “Oxford Economics was founded in 1981 as a commercial venture“, which is fair enough, there is nothing wrong with a commercial venture. Yet now also consider “Our worldwide client base now comprises over 1,500 international organisations, including leading multinational companies and financial institutions“, this is an issue because none of them want Brexit, their need for greed is fuelled best when they have open borders and no tax accountability. In addition, it has been shown that the small businesses would thrive a lot better when the large corporate advantage is taken away and the smaller players are on an equal playing field. Small Business (at http://smallbusiness.co.uk/smes-see-brexit-opportunity-trade-rises-2540071/), gives us “Of the 500 SME owners and senior managers surveyed, two-thirds say they feel confident about doing business overseas (67 per cent). Since the EU referendum, almost half have increased international sales (48 per cent), while 36 per cent expect to start or increase exports in the next twelve months“, now this is merely one source, so this is not gospel, yet the clarity that we have seen is that all large corporations are pushing for Bremain, is because of the singular market, the part where these large corporations have an advantage over all other players.

We see this even today in the Guardian. With “Britain will not be allowed full access to European Union markets, including financial services, unless it pays into the EU budget and accepts all its rules” it is playing a dangerous game. So why exactly should the UK buy into the stupidity of Mario Draghi? The European system that is flawed and discriminatory towards the larger players. In addition there is “Asked whether France would seek to “punish” Britain, by insisting financial services should not be included in a UK-EU trade deal after Brexit, Macron said, “I’m not here to punish or reward”” (at https://www.theguardian.com/politics/2018/jan/18/macron-rebuffs-city-deal-after-brexit-unless-uk-pays-into-eu-budget). You see, France is on the abyss, so they want any advantage they can get. Yet, in equal measure these nations, not just the UK can no longer allow the utter irresponsibility that the EU has been dealing. Governments did this to themselves. With France at €2.1T, a debt that is 32,360 times its population. Italy at €2.2T, with 37,000 times its population and Germany with €2.0T, with 24,750 times its population. In all this the debts are beyond normal and Europe is not listening. We get excuse after excuse. It is unable to stop corporate greed and we see nations giving larger corporations tax exemption after tax exemption, whilst the population have been and is still living on a lowered quality of life, that whilst the current situation is forcing people to live and work more and more until in their deep 70’s, because retirement before 70 is now no longer a feasible option, the cost of the present quality of life has increased by too much. The UK is not in a better state, but is trying to deal with the mounting debts. You see, the quote “The alternative was a Canada-style trade deal, he said, which could include financial services, but would not include access “on the same level” as existing EU members” is actually true, is was always a reality, but the larger corporations do not want that, they need their mistresses, their wealth and their non-accountability with Brexit that is no longer an option and these people could face serious consequences in the UK, they do not want that, but in equal measure leaving 60 million consumers and leaving those people to the small enterprises is equally dangerous, because the moment the UK shows success, the EU will almost instantly fall apart. When we look at Full Fact (at https://fullfact.org/europe/our-eu-membership-fee-55-million/) we see: “The UK pays more into the EU budget than it gets back. In 2016 the UK government paid £13.1 billion to the EU budget, and EU spending on the UK was forecast to be £4.5 billion. So the UK’s ‘net contribution’ was estimated at about £8.6 billion. Each year the UK gets a discount on its contributions to the EU, the ‘rebate’ worth almost £4 billion last year. Without it the UK would have been liable for £17 billion in contributions“, so there are consequences, yet who EXACTLY would be liable for those contributions? How many corporations are doing business with Europe? How much in taxation was paid? Those clear lists are not coming forward are they?

Then we see: “A membership fee isn’t the same as the economic cost or benefit. Being in the EU costs money but does it also create trade, jobs and investment that are worth more?” Here we see a truth on one side, but who exactly gets the trade benefit? Where are those jobs exactly? And these investments, how do they pan out in wealth and taxation?

So, you see, these so called Financial Services which are they? Hedge funds, Banks, Wealth management, crediting firm and debt collection? So which Financial Services are the ones YOU enjoy? At which point do you think that they should enjoy lessened fees? The NY Times is giving us ‘Britain and France Agree on Deals to Limit Brexit Fallout‘ (at https://www.nytimes.com/2018/01/18/world/europe/britain-france-brexit-meeting.html), it is one point of view. I see it in a different way. When you consider the quote: “Mrs. May agreed to pay an additional $62 million to help reinforce security around the French port city of Calais, which has been a gathering point for migrants seeking to enter Britain. That money will be spent on fencing, CCTV cameras and infrared detection technology” it is merely to cost of governing and would have been required no matter what. Today’s events on a global scale show that. To set a strong defence is an essential need for both players, even as it is merely shown as a benefit for the UK. The truth is that these people went through France, for the longest of times and they were not seen as a threat, a disaster and are actually a failure for the DGSE and the French intelligence at present. With the need for that data the DGSE can push forward, yet both nations have stretched budgets and France is in a far worse state than the UK is. The Financial Times gave that in 2016 when we saw: “The Cours des Comptes found the likelihood of pegging the deficit at 2.7 per cent of gross domestic product for 2017 was “very uncertain”, pointing at new spending commitments in 2016 and the use of overly optimistic growth figures when planning public finances” (at https://www.ft.com/content/0d83afca-3e3d-11e6-9f2c-36b487ebd80a), the use of overly optimistic growth figures are a global failure and partially the reason why Europe is in such a dismal state. So as we are ‘treated‘ to a presented ‘bettered economy‘ we still see that the people forget that the team of Mario Draghi is printing $60 billion euro’s a month and spending this money. Yes, if I get to do that, my economy would look good too and this has been down with much higher figures for over two years. Now we see (at https://www.reuters.com/article/ecb-banks-ethics/eu-ombudsman-urges-ecbs-draghi-to-leave-g30-club-of-financiers-idUSL8N1PB5FC) that Mario Draghi is being told to “give up his membership of the Group of 30 talking shop of financiers, as it risked hurting public confidence in the ECB’s independence, the European Union’s ombudsman said on Wednesday“. It is not merely the lack of independence, I would like to see a list of the 2 trillion Euro and how many of these 30 got a part benefit in this. This puts the issue of Mark Carney, Governor of the Bank of England in a dangerous place, because if there is enough evidence and the Governor of the Bank of England did not advice parliament, we get an issue on parliament getting slapped on the European fee’s on Brexit, whilst on the other side 29 bankers directly benefited on the advance knowledge as to where the benefits went to and how optionally up to 39 people directly benefited in growth of wealth here. A European machine where the driver sees what’s coming and had the benefit of diminishing the dangers and damage for him and the 29 people in first class, a dangerous premise to say the least.

And again and again we see how the larger corporations are now desperate to unfold Brexit as much as possible so that their gravy train continues just a few stops more, so until their reign ends. Whatever comes after this is the problem for the next player, they will not care.

So when UKIP stated: ‘let’s spend it on healthcare‘ they were not wrong, the problem is that there are too many powerful players trying to prevent this, because their maximised golden parachute depends on stopping that. So basically, their good intention was folly from the very beginning. Now we see that the bankers were always leading conversations with the one group that was ‘presented’ to be independent.

Now I am taking a step back. I found a paper called ‘SME Performance: The Role of Networking, Innovation Breadth, and Business Model Design‘ which I will try to attach at the end. It gave me a few things, but the paper, which is an amazingly good read, gives us something that I had not initially considered. On page 97 we see some considerations, yet as we realise the descriptive around it “Nine measures were created to test hypotheses: innovation breadth, firm performance (including efficiency and effectiveness), networks, age, size, market concentration and competition. Four of the measures were presented as categorical data in the dataset, and used as such in the regression analyses. These include age (number of years the business have been in operation regardless of 96 changes in ownership), size (number of employees), market share and number of competitors. The other five measures had to be calculated. Figure 4.2 provides an overview of the measurement operationalisation and includes descriptive and frequency statistics“, now consider “Networks 2005 (Nine Variables) (0.738)” with the following setting:

  1. External Accountants (0 = 20.95%; 1 = 41.01%; 2 = 38.05%)b
  2. Financial advisors or banks (0 = 53.03%; 1 = 31.29%; 2 = 15.69%)b
  3. Solicitors (0 = 59.3%; 1 = 28.1%; 2 = 12.59%)a
  4. Business management consultants (0 = 85.95%; 1 = 9.15%; 2 = 4.9%)b
  5. Others in same industry (0 = 53.78%; 1 = 27.44%; 2 = 18.78%)b
  6. Industry Association/Chamber of commerce (0 = 77.64%; 1 = 14.41%; 2 = 7.95%)b
  7. Australian Taxation Office (0 = 64.21%; 1 = 28.1%; 2 = 7.69%)b
  8. Other government organisations (0 = 76.31%; 1 = 17.1%; 2 = 6.58%)b
  9. Other (0 = 98.98%; 1 = 1.02%; 2 = 0%)

Where: 0 = Never, 1 = 1-3 times, 2 = More than 3 times

Now consider that there is a group of 30 bankers go are allegedly getting the heads up of certain changes and directions. So the large corporations are getting an additional boost to maximise their standing whilst those not in the ‘friends group‘ are actually in a disadvantaged position. In Discriminant analyses it is sometimes seen as the Independent variable that via the intervening variable gets us to the dependent variable. So the intervening variable is setting the stage for tolerance towards the dependent variable. In that same light, we can see the group of 30 as the intervening variable, now not as a level of tolerance, but as the intervening factor that takes the cream of the complete load, so as one would expect the financial sector to get milk, where 15% is the milk is cream, the 85% is accepted because it comes with 15% cream, which is the valued profit, or what some would call the ‘easy money’ in all this. Now we see the alleged situation of a group of 30, so consider the European Banking Federation with at the beginning of 2017 with 6,596 bankers. Now consider that the cream is optionally diminished by 30%-60%, so now we see a disjointed amount of cream and decisions are getting made on overly optimistic figures. Is that not an interesting view? So yes, one can argue that any quality debt collector is looking at an optional golden age, where in all decent and ethical levels they would be acting correctly, whilst the people were given a misdirected setting from the beginning. It does not absolve them from responsibility, but as we see on how the people at large were presented the implied 4% growth, whilst certain players knew that it would never go beyond 1.2%, the game looks to have been rigged from the very beginning.

So when we read at Reuters that there are issues of ‘maladministration‘ and a request for ‘stricter rules‘ the fact that this has optionally been going on for 15 years comes a little late, and now we see people complaining on Brexit? Why would anyone want to be in a game that is this rigged? So in this view, the response “An ECB spokesman said the central bank had taken note of the ombudsman’s recommendations and would respond in due course“, is a joke at the smallest setting and a huge betrayal of the European population at the most marginal of settings.

So when we now consider the Finews dot Asia (at https://www.finews.asia/finance/26317-hna-desperate-to-find-cash), we should see ‘HNA: Desperate to Find Cash‘ in a different light. With “HNA Group, the Chinese conglomerate that is also the largest shareholder of Deutsche Bank, is using all its imagination to service the ballooning mountain of debt“, as well as “HNA Group, which has about $100 billion in debt, has been scrambling for months to raise cash to service the burden“, we start to see the dangers that the banks are facing. They have gone past the safe point and in this the people are about to get a really rude awakening. With “as Citigroup, Bank of America, Morgan Stanley and Goldman Sachs either cut business relations or told their bankers not to write new business with the Chinese firm” we see the mention of New Business, but how much is outstanding? And when this collapses and hits Europe and the Deutsche Bank to the degree it could, we now see the truth of what I stated two years ago that the delays of Brexit had taken too long. We are running out of time, we see slowly how my predictions are coming to pass one by one. When the Deutsche bank gets hit with this the impact of Germany will be beyond what they expected and that will directly hit France and Italy, Italy will not recover, France just might, but at great expense. So that large barge I discussed in ‘A noun of non-profit‘ (at https://lawlordtobe.com/2013/05/15/a-noun-of-non-profit/) on the 15th of May 2013, could come to pass less than 5 years later (two years after I expected it though). With “They keep the Barge EU afloat in a stable place on the whimsy stormy sea called economy. If the UK walks away, then we have a new situation. None of the other nations have the size and strength of the anchor required and the EU now becomes a less stable place where the barge shifts” I made a setting that has been proven correctly, yet the sea was kept stable by pouring large amounts of oil on it (the ECB stimulus, which is now about 2.5 trillion Euro). So as time was gained, the situation was never resolved as nations could not get their debt under control. Now we see that the presented situation was never correct because 30 players had access to a shortcut. What a life the Europeans get to live in!

The desperate will never stop, because they have too much to lose, so until the people revolt into an election that takes these greed driven players out of the game, the UK remains a lot better of outside of that single market and they better be fast about it, because as long as they are into that group the UK has a responsibility to pay for the damages that the ECB is pouring onto its population.

So when the voters decide to keep the desperate in business, they better realise that they will have no rights to complain when it collapses, and they only have themselves, not their government to blame when it does.

SME Performance: The Role of Networking, Innovation Breadth, and Business Model Design

Leave a comment

Filed under Finance, Law, Media, Politics

A second view, what can we see?

Some might have wondered how last Friday’s blog was weird (at https://lawlordtobe.com/2017/11/10/two-streams-one-view/). That is not a bad thing; it is not with the reader. The writer (read: that would be me) watched too many data sources and too much information on several sides from several fronts, I merely illuminated one path, one journey ever streams of data. More important, even as the Story was published (read finalised) on Friday morning, we see that Reuters reported (at http://www.businessinsider.com/frances-macron-flies-to-saudi-arabia-to-discuss-lebanon-crisis/?r=AU&IR=T) the mention “French President Emmanuel Macron booked a last-minute flight to Riyadh as tensions between Saudi Arabia, Iran and Lebanon heat up“. I am not so sure how ‘last minute’ it was. You see, I already reported on “Credit Agricole SA is selling half its stake in Banque Saudi Fransi to billionaire Prince Alwaleed bin Talal at a discount“, you see, I reported on part of this and I mentioned the Forbes part which had given me “International banks are grappling with how to approach the Middle East’s biggest economy, which blocks foreign control of local lenders. Some are positioning themselves for what’s expected to be a free bonanza as the kingdom overhauls its economy and plans to list Saudi Arabian Oil Co. in what could be the largest-ever initial public offering” already. This free bonanza is part why some of the most eager people trying to become a wave of new billionaires are there. If they have the Gaul, the vastly above average intelligence and the backers, those three will allow for the next few years to make another 300-500 new billionaires. In that light the move of Credit Agricole to leave did not make sense to me. You see, they are greed driven like pretty much any other bank, walking away from a profit bonanza makes no sense at all. The fact that these parties are trying to unload what they have to Prince Alwaleed bin Talal makes little sense. That is until you realise that these people might have been in business with the 200 arrested individual. Yet in this we see that the entire issue goes further when we see that ‘Prince Alwaleed Bin Talal Arrested in Saudi Crackdown‘, so was the event set up for tactical reasons? Do you think that if he had seen his arrest he would have bothered with the sale as it is? The fact that his links with JP Morgan and their facilitation of the sale means that there is a lot more going on behind the screen. You see that share is well over £372 billion; do you think that the media is showing us all? There might be a crackdown, but is it a crackdown? Is it royal annexing of squandered goods or is its trial and a showdown where the other members of the Saudi Royal family are shown that disruption within the ranks are no longer tolerated. In all this what is next? You see, from the view we are given, the existence of these international banks are essential to creating a non-oil depending economy. A new economy set towards services, technology and pharmaceuticals. There is plenty of value in all this for Saudi Arabia to move forward, yet the track will be a lot longer if there is disruption in the ranks. France might have been hard on Hezbollah and as such they are a pleasing presence towards the Royal family of Saudi Arabia, but more important, Banque Saudi Fransi is merely one of several players with trillions in value available. In military terms France is a better beachhead for Saudi Arabia to enter the new fields of economic growth in several ways. The moment the growth in France is seen the other nations will jump like hungry rabbits to the fields of vegetables in a mere instant. France is leading the way because it is figuring out that the present course is not working.

Yet, is any solution so polarised?

No, it never is. Yet again the situation changed. Iran has not been seen in a good light and their nuclear options have been met with large waves of distrust. Not in light of Hassan Rouhani and the path he is on, but the realisation that there was a Mahmoud Ahmadinejad before him and that level of extremism is a danger to most of the world, and the clear danger and additional risk we see that when another Mahmoud Ahmadinejad comes after President Rouhani. It is not merely a risk, it is closer to an actual likelihood and whilst their nuclear knowledge grows, the danger becomes a lot larger. France and Saudi Arabia see that danger too and they are beyond concerned. They are not alone. At https://www.businessinsider.com.au/saudi-arabia-iran-tensions-2017-11 we see the tweet from Israel’s defence minister, Avigdor Lieberman:

  Lebanon=Hezbollah.
Hezbollah=Iran.
Iran=Lebanon.
Iran endangers the world.
Saad Hariri has proved that today. Period.
 

It is the view we have always seen and as such that truth is pretty much undeniable, so now the moment is primed to get this sorted and to get the changes made earlier, there is seemingly no downside to any of this, political Europe merely preferred to sit on their hands when it came to this terrorist organisation (Hezbollah that is). I believe that Saudi forces are considering that Iran will be more and more limited to create turmoil when there is no Hezbollah. As they can no longer facilitate through others, Iran must openly act and turn the world against them or fall in line with the Arabian Leagues and behave according to those voices. At that point Qatar must also adjust many of their policies, and the impact might not be predictable, there would be enough evidence out there to show that they need to adjust in many ways. I believe that this would end up with Saudi Arabia wielding the only voice of power, dissent in the Middle East would end to a much larger degree. As I personally see it, there would be clear benefits for the state of Israel as well. As the threat to Israel ends, it can focus on growth in a way they have not been able to do for decades. There will be clear impacts for the UK, Russia and the USA too. Their diplomatic games will likely fall on ears much less eager to please them. It will be about growth for the Middle East. I believe that this shift will continue into Europe and several Commonwealth nations as well. India might be a frontrunner to grow the generalised pharmaceutical markets. The US will have to water down their wine to a much larger extent and there are options for the US, but no longer at the vulture driven profit margins they used to have. A shift that will take several years and that is where those ‘free bonanza runners‘ currently in Riyadh could make their billion(s) over the next decade. It will be risky to some extent, but art present you run large risks and end up making nothing in Europe at present. So why stay there?

How right am I?

I could be wrong but there is enough evidence out that that I am more likely than not correct. Business Insider, Forbes and the Financial Times have shown these paths over the last 6 months more than once. There is one premise that needs to be pointed out. The direction that this path opens is based on two elements. The first being how the drill-down on corruption in Saudi Arabia is playing out and their true intent on shifting their economy away from their petrochemical side. The more correct those paths are, the more reliable the outcome is that I predict. The corruption crackdown remains a factor as this has never happened before to this degree. I applaud it but I also realise that as this becomes a success a new Saudi Arabia will rise up in the global markets, one that is not in internal strife and one that is breaking out all borders to grow their economic footprint. It is not the status quo the current powers in charge have ever considered and it will make a lot of ‘old’ billionaires very nervous.

This might not be a bad thing either!

 

Leave a comment

Filed under Finance, Law, Media, Military, Politics