Tag Archives: Erdogan

30 seconds until death

That is what goes through my mind right now. What happened in the last 30 seconds, whilst American Airlines Flight 11 and United Airlines Flight 175 were heading to their prospective targets? The people who got to call one more time, those 30 seconds. You see Greece seems to be in that very same place. Whilst Greece is under crushing debts and payments, we see ‘Greece eyes market return as debt dispute still simmering‘ (at https://www.washingtonpost.com/business/greece-eyes-market-return-as-debt-dispute-still-simmering/2017/06/28/3c3124c4-5c14-11e7-aa69-3964a7d55207_story.html). When you see quotes like “Now those so-called yields are tumbling, a real sign that investors think lending to Greece is a viable option. Once Greece is able to borrow markets in the bond markets to fund its debt repayments, then it won’t need any more bailout cash from its creditors” you would see that Greece has reach the end of the rope and the financial institutions are ready to make one more killing in bonuses before killing of Greece.

So as we read: “What happens in the longer term is still the subject of heated debate“, we do get introduced to the fact that Greece will be adding debt to the total crushing debt it already has. It reads nice that we see a feigned humane IMF with “The IMF has stayed out of the current program, Greece’s third bailout, arguing that European lenders are setting unrealistic targets for the Greek economy instead of considering more generous debt relief“, you see the issue is that the lenders are commercial institutions, the IMF is not getting involved because it is money down the drain. We all know that. As far as I can tell, the next two generations will still be in an atmosphere of not being able to have a decent life. The second part “if the gap had narrowed, Delia Velculescu, the IMF’s top official for the Greek program, said: “We’re not there yet.”” So, even as the debt gap is not being traversed, Delia Velculescu knows that it is not happening. Yet new bonds will get out. And as I was attacked on that my premise was wrong, we see “She said it was “simply not realistic” to have Greece run a budget surplus after debt and interest payments of 3.5 percent of annual GDP over the coming few years, and 2 percent for the decades after” a statement that is misrepresentative, yet from that we get some figure, when the last GDP was set at 195.2 Billion (2015), that means that Greece will need to cough up 6.8 billion annually and 3.9 billion, which is merely the interest on the outstanding debt, for decades annually thereafter and that is only if the elected individuals don’t take a shortcut and borrow themselves in a corner all over again. And all this is coming from a population of 10 million people. So how many of them are paying taxation? How much taxation remains for the infrastructure? Now that we see the fallout gone, we see that the Greeks would have been better off outside of the Euro the moment they had that option. Now it will soon become the anchor that drowns them. And as the population ages, the tax incomes will dwindle even further. From my reckoning, their best position was 2 years ago, now as the curve of retiring people increases, the Greek government are in a pickle with no actual solution. There is every consideration that being a politician or a governmental official in Greece is soon to be the least wanted job in that nation. As I see it, the Washington Post gives us a story with caution, one that is more than a drama about the death of a nation. In addition, there is one element we all forget about. The element is Cyprus. Now, there are no real hopes that the Cyprus edition gets resolved, for the mere reason that the Greek part of Cyprus ads to that Greek GDP, as such Greece would never allowed it to be independent. Turkey might be in a similar state, but here it is about Erdogan’s need for territory. None will budge an inch, so as both sides are talking (read clashing) in the Swiss resort of Crans-Montana, we have to consider how this plays out. As I see it, with the current president of Turkey, it is entirely likely that a replay of the 1974 events will happen. That truth is partially shown in a separate Guardian article where we read: “Overall there is a sense that Turkey does want a deal. It knows it could gain a lot of goodwill out of it,” one well-briefed source said. “It’s going to require patience. The Turks tend to stick to their guns until very late in the day“, that is a likely scenario. I am more in a state where I expect things to be quiet for 10 days and after that Turkey does a 180 degree on the policies they were considering or might have implied to agree with. They are hoping the rest will not go to war over the 180 as there are too many issues playing for too many other nations. Turkey is not known to be a considerate nation; the entire escalation of Qatar is evidence of that, as are their actions in Kurdish Turkey.

The next part is weirdly enough from the Express, it was not my first choice, yet they make an interesting claim that I have not seen brought out anywhere else. The title ‘ECB WARNING: EU on BRINK of being ripped apart as Greece, Spain, Portugal inequality grows‘ is a known event, yet this was always going to be the case. In addition, we see two quotes of the EU favourite spending person, Mario Draghi. He gives us “ECB chief Mario Draghi claims inequality driving problems across European Union” and “Mario Draghi has warned jobs must be created across the EU“, which is exactly why we wanted him to stop spending 60 billion a month, money that was for all intent and purposes created out of thin air. He sounds all nice making the claim that ‘jobs need to be created’, yet when there is no economy, jobs cannot be created and the Greek solution where nearly everyone works for the government is also not a solution. The final gasser is given with “Policies in single member states will also help to bridge the gap, he claimed, asking individual leaders to propose better income and wealth redistribution policies“, the man who has been the centre facilitator for large corporations and set the astronomical income for financial institutions to debate ‘wealth redistribution policies‘. I can compare it to a man walking into a brothel where all the girls ask him whether he saw their virginity, because they lost it somehow. As far as I can see it, he is raising these issues as factors that will instigate fresh recessions, this is why he claims that the “The ECB’s ultra-easy monetary policy, designed to strengthen Economic recovery, was defended by Draghi. He said super low rates create jobs, foster growth and benefit borrowers“, the entire mess is what keeps the banks running, not the people. In all this Greece is in corner wearing a dunce cap. The fact that Mario Draghi made the claim earlier this week that Greece will not join the Quantative Easing program (QE) shows that the ECB has no faith that the Greek issues will be resolved, so as I personally see it, Greece would be allowed to sell more bonds just to push the percentages up again, which is not the view of a restoring economy, merely the near death of one. They are getting out of Greece what they can before it is too late. As you will see the news that Greek bonds are back, consider the question, who will be receiving the 4% sales commission and walk away whether it collapses or not. 80 million over a 2 billion bond hike is still a lovely sum, it would keep me in Ouzo and Raki for the rest of my life, which is unbalanced in more ways as the Greek population will be left without such options for 2 generations to come.

The news actually intensifies as per today, the NY Daily News (at http://www.nydailynews.com/newswires/news/business/greece-planning-return-bond-markets-ecb-article-1.3287503) , the news has become this desperate for Greece and the Greeks. The quote “Greece will return to financing itself on international bond markets with or without the support of the European Central Bank’s bond-buying program, the country’s finance minister said Thursday”, this will merely create chaos and the moment the bods are sold, the percentages will go through the roof. So as we now read that the ECB is not giving any support to one of its members, does anyone out there still doubt the need for Brexit? In my view Greek Finance Minister Euclid Tsakalotos is playing a very dangerous game and the only one he will hurt for generations is Greece and the Greeks. So when I see: “What we need to do is ensure that the investment community knows there will be a program of access to the markets”, which is delusional, because Greece is no longer a player, the previous administrations made very sure of that. Unless you find the next truly new idea, Greece is no longer a player. The Greek governments (past and present) made sure of that and the weird false information we see in some cases have been false nearly 100% of the time, this is not a great track record to rely on. The entire move of upgrading Greece to ‘Caa2’ was a mistake. I wonder when other EC governments demand that Moody presents the raw data and the findings on the entire upgrade process. How many holes can we see in that assessment? Do I need to remind you all that Moody was one of the so called ‘key enablers of the financial meltdown’? At https://www.gpo.gov/fdsys/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf we see: “Moody’s put its triple-A stamp of approval on 30 mortgage-related securities every working day. The results were disastrous: 83% of the mortgage securities rated triple-A that year ultimately were downgraded”, that is the same place that now upgrades Greece, whilst the last time Greece went back on the market it became a disaster and someone ended up with a 50 million bonus. So is that the source of acceptance? In all this we also see Nasdaq throwing speculative fuel on the fire with “There was some speculation about a rating upgrade, but what was really a surprise was that positive outlook, giving a chance for another upgrade” (at http://www.nasdaq.com/article/greek-10year-yields-hit-lowest-since-2009-after-moodys-upgrade-20170626-00205), so based on what is that, because Greece basically has no future, not with this debt. Can we allow the European Community to sit idly by proclaiming to be one whole continent whilst it hands out trillions of euros over these two waves of unadulterated spending? A spending that is not based on inferiority of substance, yet 100% flawed. In all that spending Greece is not considered, they must rely on the exploitative vultures of the Bonds world. As I personally see it ultimate proof that Greece is being fed to the vultures. So whilst we read about Mario Draghi mentioning ‘wealth redistribution policies‘, we see that Greece is taken out of the mix. Is that a Europe you signed up for? The United Kingdom did not and it is moving out. As France decided to trust an investment banker as president, they now lost that option to seek an actual national identity. Even as we see reports that Italy is moving away further from leaving the EU, there is no doubt that the coming year will be crucial to Italy. Apart from a collapsed banking system, the pressure due to refugees keep on upping the levels of pressure in Italy and as  such something will buckle, it is merely a question of time, yet how this will unfold cannot be stated at present, it is an unknown. No matter how this plays out, it will not make issue better for Greece, it merely will push economic opportunity down as European pressures mount, the inequality in Europe not being the smallest of issues. That view is enforced from Spain, even as the economy rises slightly, we now see reports from Madrid giving us “under-24s earned on average €11,228 gross, a 5.1% drop on the previous year. The 25- to 29-year-old range earned €16,064, a 1.6% fall on 2014, while the 30- to 34-year-old group earned €19,597, 3% less than the year before. Finally, those aged between 35 to 39 were paid €22,397, a 2.3% drop on 2014”, so as a few more people enter the work force, they end up getting less than the ones they replaced (source: El Pais). This will also drag the quality of life down more and more as the cost of living is still going up. In all this Greece is passed by on both economy and quality of life. It is another piece of evidence that the speculated foresight for Greece was wrong and incorrect and I fear for the Greeks who have to pay for the fallout that follows the next bond ‘rush’.

 

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Creating a dangerous joke

There is a lot going on. At first I wanted to take you into the world of fake news, it is a problem and it is a global one, but the elements in play, so many of them will confuse the hell out of anyone. It is not a simple story, it is an issue that will take many pages and there are plenty of people that cannot be bothered to read that much, I most certainly get that.

So why three issues?

They are only casually linked, but the events as they are taking places all at the same time makes me wonder if, and to what extent they will intersect.

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The first one is regarding everyone’s favourite ‘democracy’, North Korea! They decided to fire a missile for 500 Km to make a show of force. So millions were spend to make a show of strength that their missile will make it for 4% of the journey. This whilst we need to realise that the bulk of the 44,000 that became homeless in the floods 5 months ago are still for the most homeless. This event is making South Korea very nervous as the missile can reach them, the USA will make a show out of it all, even as there is no evidence that the missile could ever successfully make the other 96% and hit something substantial after that. As stated, there is no evidence, that in light of the military command setting the pass with Dell desktop computers that most gamers would not even touch in sheer desperation just so that they could play a game.

 

 

 

The second issue is another part all together. There has been a flaming row between Piers Morgan and JK Rowling. In this, I need to try and get through to people who seem to have a massive hatred for the Trump presidency. The video (at https://www.youtube.com/watch?v=5MrbXk5xOOM) gives us part of that. We usually do not get the full story as more than one media outlet, or opponent does not like him to complete his train of thought. He makes a few points that need to be considered. It goes far beyond mere freedom of speech, I will never be against it, yet in all this the papers need to be accountable for what they do. The situation is similar that the UK has with Brexit. So when we see the Rowling v Morgan event (at http://honey.nine.com.au/2017/02/13/07/54/jk-rowling-piers-morgan-twitter-spat), which has been going on for a few days now. The nine event shows a short part where Piers gets splattered as he was not allowed to finish his words. The quote “President Trump’s travel ban because the British TV presenter won’t call it a Muslim ban. Trump has tried to stop citizens of seven predominately Muslim countries, including Iran and Syria, from entering the US“, which is what he actually said. The part where Piers is correct is that his assessment is correct. You see the 7 nations are: Syria, Iraq, Iran, Yemen, Libya, Sudan and Somalia. Some of the Muslim nations that are not on the list and not banned are: Saudi Arabia and Pakistan, Muslim nations are not on that list. In addition, Indonesia, Bangladesh, Nigeria, United Arab Emirates, Turkey and Egypt. Yes, it is correct that the 7 nations are predominantly Muslim, yet until that list at least doubles, it is not a Muslim ban.

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It was ‘nice’ and original that Jim Jefferies reflected on how Adolf Hitler grew into his role whilst singing a lullaby to 6 million Jews, but the reality is not the same here. So in a comedian like atmosphere he can tell Piers to Eff You Kay off, but he is deceiving you. In that regard the quote from JK Rowling ““Yes”, she tweeted.” Watching Piers Morgan being told to f–k off on live TV is *exactly* as satisfying as I’d always imagined“, might be valid from a celebrity like her as she has seen the darker less acceptable side of journo’s on a global level, but in all , the facts were not correctly given. And the press seems to be heralding to a larger extent, for too long to give the microphone to any person willing to loudly speak out against the current US president. This situation is more important than you think, you see, President Trump is doing almost exactly what he promised to do, yet if we consider that 100% of his voters are 50% of the nation, is he doing the right thing for America? It is a serious question and the answer is less easy to give, because the losing side is trying to create flame after flame via emotional broadcasts. The left has grown its media domain to such an extent that part of the US is unlikely to ever get the full facts. The Piers Morgan video gives us that. They give the realm where we hear on how CNN is implied to have some sort of buddy system with the previous administration. That is actually more alarming than you might think, because in such a setting, have we heard any reliable news from CNN over the last 3 years? Did you consider that part of the equation?

erdoganmemeTurkey is the last part in this equation. As we see thousands of people getting fired, arrested and prosecuted in what most call a massive aversion of the course of justice, we see that the list has grown. The BBC recapped the last 7 months as an event “following the failed coup attempt, nearly 100,000 civil servants have been removed from their posts. That includes teachers, police officers, soldiers, academics and lawyers“, where it should be clear that several of these groups would not be caught alive talking to one another, we must wonder how this shift, how this automation towards a totalitarian political shift is not the disastrous move that Germany found itself in on 30th January 1933. With the death of Paul von Hindenburg on 2nd August 1934, the shift of Adolf’s rise to power was complete. In this the danger we see Turkey in due to the acts of Recep Tayyip Erdoğan are a lot higher than we get from President Trump, more important, as we see a massive political ‘Erdogan’ shift, what does that spell for the rest of Turkey? Will we become witness to the rise of a dictatorship, not unlike the one from Saddam Hussein? The changes he started in the 70’s, which led to the executions (read: purges), which would kill well over 250,000 Iraqis? More important, how will Europe interact at that point, or would Europe even allow itself to any interaction with Turkey?

 

These three are interacting because the Turkish population all over Europe will react to what happens in Turkey, more important, as Turkey becomes more ‘driven’ and President Erdogan finds the European doors close on him, we will get a new intelligence issue. As the Millî İstihbarat Teşkilatı (MİT) will be given the similar tasks, but now if finds itself more and more collecting international security intelligence, which changes the game as the allegiance with the USA will shift. The one with the FSB does not change that much as the FSB never really shares intelligence unless they know there are two other sources able to offer the information. As the open EU borders shut down to their original state, we will suddenly see that those outside of certain discussions will now become absent of being informed. It is the natural consequence of ending an open border environment. So as we see the Cold War escalate, there is at least the smallest chance that they will try to leave the hints of gullibility with the MİT. There is no evidence, but the Russian Intelligence side of things (before they started to call themselves FSB) has plenty of examples and lets not forget that they are still sore regarding a certain fighter plane that was shot down for transgressing Turkish borders for no more than 14 seconds.

This now gets another turn of complications as the two parts that we see escalating in the Washington Post with “White House national security adviser Michael Flynn is under increasing political pressure and risks losing the confidence of some colleagues following reports that he misled senior administration officials about his discussion of sanctions with a Russian envoy shortly before President Trump took office“, as well as “Former acting attorney general Sally Q. Yates warned the White House that national security adviser General Michael Flynn may be vulnerable to Russian blackmail, the Washington Post reported on Monday“, so as we ponder this, just a mere 1800 seconds ago we get “Flynn has acknowledged he might have discussed sanctions with the Russians but could not remember with 100 percent certainty, which officials said had upset Pence, who felt he had been misled“. ‘Is this the geriatric division of the Intelligence community?‘ I might drop a nickel every now and then, but I am not the national security adviser and neither is I having to be a General! Two very visible places where an event where things like ‘sanctions‘ and ‘could not remember with 100 percent certainty‘ what factors were having an impact on the sanctions. That part should have been clearly documented as filed so that the alphabet group knows what’s coming (those in charge that is). You see, as we all face the news of escalations (especially Turkey and Russia), the Russian issues with America (and vice versa) implies that we are on the forefront of an optional new cold war.

This is not just me, several sources are raising the threat of the new cold war (or Cyber cold war) as some call it. In this we will face several fronts, because there is currently an issue with the top positions and I feel that I can claim with a decent certainty that Breitbart News will be massively out of its depth when it misplaces, misrepresents or misquotes any element in such an affair. In addition, the General Flynn issue gives rise to the issue that this optional war is one that America will not be ‘in like Flynn‘, which gives away some of its lack of preparedness at that point.

So as North Korea might soon be making a few more boasts whilst we get incriminations addressed towards America and South Korea by China, we will see more speeches, considerations and not so carefully worded denials. In the end, we are skating towards a diminishing field of options. Well, actually, the question becomes what will happen, as we now see the resignation letter of the National Security Advisor (which might have been the only move left), the USA is now forced to get another person confirmed for the role. In a time when getting proper advice is pretty stellar important, selecting the right advisor would have been pretty important. All this in the first 100 days is not the best way for the new president to make any headway. Attached to this is the press, who have been on a massive Trump bash. The left who has been enjoying a lefty point of politics and getting enabled at every corner is now facing a vindictive administration, which is counterproductive on both sides, because any escalation down the Cold War front means that proper informing the people on what is actually happening is going to be much more important. In that regard, perhaps it is starting to be more and more important to label the tabloids with a brand that it is not truly presenting the news, I would prefer that they also lose the 0% VAT option, the idea that intentional misinforming the people comes with a tax break! Does that not bother you?

You see, these elements as stated are linked, not directly on the events, but how we react to them, this can have an increasing negative consequence, especially as we use social media to gain favour and laughs. Yet the other side tends to be less recipient. Some will take the moral offended side of the matter. So as we heard Jim Jefferies Hitler reference, some reacted, some did not and most reactions were against Piers Morgan. Now, I am no fan of him. I think that he plays a dangerous game, trying to side with the emotional side of people, as do Journo’s like Lisa Wilkinson, yet in some lights she tends to be a lot more level headed here. In contrast, when we see the Morgan quote: “To all the ignorant, bigoted transgender community members continuing to abuse me re @janetmock – I’m bored of you now, go away. Thanks.

Piers need to equally realise that if he does not consider thinking things through before making his case knowing very well that there will be open outrage, he needs to realise sooner rather than later that he is not part of any solution, he remains part of the problem.

This story will get a sequel as certain events are currently still evolving.

 

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