Tag Archives: France

March 21, 2018 · 10:36

The Commanding Conquest

The NY Times gave us a view, some are laughing, some are looking forward, some are grasping at the past, but you and me? What will we do? What are our thoughts?

That is the view I am having when I see ‘A Glimpse of a Crown Prince’s Dream? Saudi Arabia Invades Iran in CGI‘ (at https://www.nytimes.com/2018/03/20/world/middleeast/saudi-arabia-iran-invasion-video.html). The video shown is not new, the article revealed that the movie was uploaded last December and has had 1.2 million views. That’s around 400,000 a month. We see the application of CGI and Command & Conquer intro movie style towards the games that Iran has been playing. So as we see “In scene after scene, he orders a succession of superior weapons systems to pulverize the enemy“, we see a setting, one that is changing. It is what I would optionally call the sabre rattling by Crown Prince Mohammed bin Salman, who according some of the sources is stated to be behind this all. I cannot tell, I do not know. But it is clear that Iran is also realising that everyone is looking at them now and none of the voices are telling Saudi Arabia to stop. Those voices will come too late and at that point, with the EU not willing to give an inch towards Iran, Iran will stand alone. Even Russia who has been their trade buddy for the longest of times is backing off a little, as they would endanger the foothold that they are growing in the Middle East via Syria. In addition, if there is a side, than Israel will never choose it will be the side of Iran, that ship has sailed and was burned down the moment it left the harbour of Jaffa.

One view given was “a Princeton professor who recently published a column explaining the challenges Prince Mohammed faces in the kingdom, suggested in an email that the Iranians themselves might have made the cartoon “to make the Saudis look silly”“, it is certainly one view, but when we consider Command & Conquer, is it as simple as Saudi Arabia v Iran, or is there a third player in town? The view that former CIA employee Bruce Riedel has differs as well. He of course has just published a new book based on 3 decades of experience and his view is “This represents how he sees himself, or what he would like to be, It suggests that at least some part of Mohammed bin Salman lives in a fantasy world, and if he really believes these things then we are on a course that could be extremely destructive“. It is not a view that I could state was incorrect due to lack of data, but if the Crown Prince has set this all in motion, is it in the end anything else than a creative presentation? Lets not forget, if we plough through the presentations of historical CIA, most of their directors would have ended up in prison, as would some members of congress and at least two former Presidents of the United States. So the view given here is not one that seems to be the pressure here. I actually like a later view in the article in the NY Times where we see “Other scholars suggested that one of the prince’s courtiers might have commissioned the video to flatter him“, that is one part that appeals, it would even be better if it was made by the courtiers son who has the dream of becoming the coolest game designer in Saudi Arabia, which is not a bad dream to pursue to begin with.

No matter who or what it is regarded to be. When we consider it from the distance, it is merely a presentation, one that took effort. My view on the third player is shown (in my humble opinion) by “The video was released almost simultaneously in Arabic and English, with subtitles in Farsi, Hebrew, Mandarin, Russian, Turkish and other languages, so its animators probably also had the help of a team of linguists“, you see no matter how they feel about Israel, Saudi Arabia would have been unlikely to have taken the effort, even when relying on Google Translate and even as we know that Israel will never be a friend of Iran, it is my personal view that Saudi Arabia would not have taken the effort to get the ‘Hebrew’ edition out there, giving rise to the third party. I would need to see the full list of subtitle editions, to learn how precise my prediction is, but I think that the players adding the Hebrew edition shot themselves in the foot.

Yet it does also give light to “Prince Mohammed is a long-time fan of animation and video games. His personal foundation set up a venture, Manga Productions, to produce Japanese-style animation about Saudi Arabia and its culture“. Did you know this? Many have been curious about Saudi Culture; many wonder just how warped the press had made certain settings of Saudi Culture. Now I know that it is not the culture, with all the options that Western Europe had, but that is their history, learning more about it will only make things better for both sides. So when we see “Japanese animation productions major Toei Animation is teaming up with Saudi Arabia’s Manga Productions to produce animation titles and films to be released in both countries. The new tie-up was unveiled Nov. 16. Manga Productions, which is affiliated with Saudi Crown Prince Mohammed bin Salman’s MiSK Foundation, focuses on producing animations and developing video games with creative and positive content targeting different local and international social groups. Bukhari Isam, CEO of Manga Productions, said that his company will do pre-production or prepare designing content to be produced in Japan. The productions will be internationally targeted”. Most forms of information that is linked to Japanese excellence tend to be very well received on a global scale. So in all this we would need to realise that the media has been keeping information from us all. Now, there is no way that everyone will suddenly become a ‘Saudi’s best buddy’, but the setting that we see almost no exposure to this and that in the age of learning and comprehension that is one view that we are filtered from is equally dangerous. There is no other way to see it other than that the Muslim way of life has a global impact on nearly all, even if it is often not visible. Is it so bad to learn more on something that has no Christian foundation? Are we so afraid for the switching of atheists and agnostics to state: “This sounds like a much better way“, is the often hidden setting that Christians filter what must not be seen that has been a hindrance for decades! Should you oppose that (which is perfectly fine), than take a look at Spotlight, a 2015 movie on an unfrocked priest accused of molesting more than 80 boys. This was based on the 2001 event where editor Marty Baron of The Boston Globe assigns a team of journalists to investigate allegations against John Geoghan, the fore mentioned unfrocked priest. The article became proof of the cover-up of sexual abuse within the Roman Catholic Church. An issue that still impacts people today. Less than a day ago we see ‘Cardinal George Pell could face fresh charges after new witness statement emerges‘. This is merely one of many issues that had been pushed to the hidden shadows of society. These events are still being shown to be an issue 15 years after the initial article got out, so we can state that there has never ever been an events where filtering based on religion gave us wisdom, the media is only finding this out because it ups the circulation of their papers. There is a hard lesson to be learned there.

So, as we take a look at the Crown Prince, and the video game intro movie? Perhaps we will learn the truth of whoever was really behind it and what the purpose was. Perhaps it will be as simple as a member of the Saudi royal family telling Iran that they need to stop playing their games, because some mind games tend to become realities with fatalities and in this a video game is merely the presentation of artistic design. We all need to realise that only in a videogame foundation can a 1.68m tall model wearing nothing but cargo pants and a tank top take out dozens properly clothed mercenaries armed to the teeth with a bow, a knife and an ice axe, because that is where our minds in video games tend to end. So will the intro movie become a reason for war? I very much doubt it, whilst we are looking at these events, most are now forgetting that both Iran and Turkey are isolating themselves more and more, Iran for fuelling the events in Yemen and Turkey for the actions in pretty much all the Kurdish regions. In the end they can merely depend on one another, which would be a clear ending to whatever economy they thought they had. As Iran is dealing with 25% youth unemployment and Turkey with 24.1%, they both have other immediate needs. So in the end, even as the Command and Conquer, Saudi edition looked cool, a mere presentation of how opening trade and growing other economic options is a solution to youth unemployment, it seems that both Iran and Turkey are far far away from learning that lesson for now.

So as we end with two more parts from the NY Times. The first being: “The video appears to show an accurate reflection of the vast Saudi arsenal, with two exceptions. The tanks labelled in the video as Abrams M1s, the most advanced American model, look more like the outdated Patton M60s. And Saudi Arabia does not have the ships needed to transport them to Iran, said Douglas Barrie, a senior fellow at the International Institute for Strategic Studies in London“, which might be perfectly fine, so when we see the second part we see: ““The Saudis have a very limited amphibious capability,” Mr. Barrie said. “They do not have the platforms for a large-scale amphibious operation.”“, we might all agree, but these high paid people have taken the time to analyse a video game intro, so as the optional third player makes another movie, will they look at it again? When it comes in a box with image below, will we hear from these people about the substandard weapons that the French are using? #JustSaying

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Tagged as Alicia Vikander, Bruce Riedel, Bukhari Isam, CIA, Command & Conquer, Douglas Barrie, France, George Pell, International Institute for Strategic Studies, Iran, Israel, Jaffa, John Geoghan, Lara Croft, London, Marty Baron, MiSK Foundation, Mohammed bin Salman, NY Times, Presidents of the United States, Roman Catholic Church, Saudi Arabia, Saudi Culture, Spotlight, Syria, The Boston Globe, Turkey, UK

March 17, 2018 · 12:44

Something for the Silver Screen?

There is an issue in Europe, well, there are plenty of issues in Europe, but until now, I steered clear of one of them. Something does not add up and it is now more of an issue than ever before.

This trip started in the Washington Post, after I saw several articles in the Guardian. You see, with one article it has become something else and that is very much an issue. So (at https://www.washingtonpost.com/world/europe/russia-to-respond-very-soon-to-british-decision-to-expel-its-diplomats/2018/03/15/89e27b4a-2839-11e8-b79d-f3d931db7f68_story.html), we see ‘U.S., France and Germany join Britain in saying Russia likely responsible for chemical attack against former spy‘, the mere title. Now, I am not saying that this is not what happened, not even implying that it is some figment. Yet, why would we see ‘U.S., France and Germany join Britain‘? This is a simple murder, perhaps an assassination, or liquidation. Whatever word you use for the event, it does not matter to the person who got iced, he definitely no longer cares. But we, we should care, for us this entire situation matters. So when we see in the very beginning “formally backed Britain’s claims that Russia likely was responsible for a chemical toxin attack against a former spy living in England“, I personally am not convinced. There would have been any number of actions that would have resulted in the demise of that person. To get a gun is usually not hard if you know the people. There was a person in the 90’s that one could meet near Ilford, would be able to get a whole range of guns, no silencers though. Still for £350-£500 (in those days) you could get something not too fancy and it would clean the clock of whoever needed to be done. Just make sure you do not do it in the wrong place and upset the local family guy, because that tends not to work. Still, consider the ease of a mere gun against the dangers, the risks and the trouble of getting VX into the country, than getting it to the location. You only need to see the movie ‘The Rock‘ to know that it requires several things, a lot of it dodgy and that stuff is not that stable to begin with. Now, as we see that there was a nerve agent in play, so I am not opposing that. I am merely stating that this kind of work is odd to begin with. That is beside the point of any SVR RF, FSB or GRU member freaking out having to take that shit with them. It is not merely overkill; it tends to leave you without options if you fail at first. And ask any Murphy that your shit goes wrong the first opportunity nature gets their hands on you. It is a fact of life. So in that regard it seems to me that Novichok is a weird choice to use. This is also me stating that I have no evidence that it was NOT used. So when I take a little lesson in Novichok, I learned the following:

At https://www.opcw.org/fileadmin/OPCW/CSP/RC-3/en/rc3wp01_e_.pdf, we see “Regarding new toxic chemicals not listed in the Annex on Chemicals but which may nevertheless pose a risk to the Convention, the SAB makes reference to “Novichoks”. The name “Novichok” is used in a publication of a former Soviet scientist who reported investigating a new class of nerve agents suitable for use as binary chemical weapons. The SAB states that it has insufficient information to comment on the existence or properties of “Novichoks”” which they state on page 3 in paragraph 8. Now this is 2013 and this is 5 years later. Yet, as some sources give us that it was developed in the 70’s up to the early 90’s, it seems interesting that there was nothing on the matter 20 years later.
Yet that same OPCW gave us in April 2011, two years earlier the two following parts on page 7 at 11.1 and 11.2. With: “This has been attracting increasing attention in recent years, particularly among non-governmental organisations (NGOs). Although very little information has appeared in the public domain, there have been claims that a new class of nerve agents, known as “Novichoks”, has been developed. In December 2008, a former defence scientist published a book, which included information on structures reported to be those of the new agents. Some of these structures meet the criteria for Schedule 2 B4 (S2 B4); however, all others are non-scheduled chemicals. The author claimed that the toxicity of certain “Novichok” agents may exceed that of VX“, something that should have woken up the CIA instantly, something deadlier than VX and no defence? There is no way that they wouldn’t have been chasing that, even if it was merely to find a defence against it.

So now we have the play to some extent in view. The BBC gave first view (at http://www.bbc.com/news/uk-43377856) with “Former spy Sergei Skripal and his daughter were poisoned by a military-grade nerve agent of a type developed by Russia“, yet it is the innuendo of News.com.au that takes the limelight. With “Investigators believe the nerve agent that poisoned former Russian agent Sergei Skripal was planted in his daughter’s suitcase before she left Moscow, The Telegraph newspaper reported, citing unidentified sources. Skripal, 66, and his daughter Yulia, 33, were found slumped unconscious on a bench outside a shopping centre in the genteel southern English city of Salisbury on March 4“, so not only did they go the whole nine yards to get to both, the entire issue is that both could have been removed simple enough in Salisbury. The entire matter does not add up. Another source, The Jamestown Foundation gives us “Sergei Skripal (66), a former Russian military intelligence (GRU) colonel, was arrested in Moscow in 2004 for allegedly being an agent of the United Kingdom’s MI6 intelligence service. Skripal was convicted, in 2006, to serve 13 years in prison for treason. In 2010, he was pardoned, released and sent to the UK in a major spy exchange involving a big group of “sleeper” spies who had been arrested in the United States, promptly convicted and deported to Russia“, so if we accept these facts, than we see that he was shipped to the UK 8 years ago. So now we see such an overkill event? It does not add up!

This level of overkill implies (mind you I am saying ‘implies’) personal orchestration, this is a message, but for who the message is for (or ‘from’ for that matter) is not clear. There is enough evidence that the toxin was used, but there is a long road here. Even as we accept the Jamestown Foundation giving us “Other officials insist Novichok was never officially defined as a chemical weapon and was not destroyed, because it never officially existed (Interfax, March 14). Mirzayanov, who is apparently the main whistle-blower on Novichok, is being actively discredited by the pro-Kremlin press (Komsomolskaya Pravda, March 15). Deputy Foreign Minister Sergei Ryabkov categorically denied there ever was a secret nerve agent program named “Novichok in Russia or in the USSR,” while Russia has stopped all work on developing new chemical weapons and has completed the destruction of existing stockpiles. Ryabkov referred to Mirzayanov as a “defector,” who was not trustworthy (Militarynews, March 15)“. This now gets us to the crux of the matter. The whistle-blower Vil Mirzayanov is now living in the US. Now we get to the good stuff, which is given by The Guardian, the article (at https://www.theguardian.com/uk-news/2018/mar/16/russian-spy-poisoning-attack-novichok-chemist) gives us ‘chemist says non-state actor couldn’t carry out attack‘, that is a notion I can very well agree with. In addition, as I stated earlier “the chemical was too dangerous for anyone but a “high-level senior scientist” to handle and that even he – who worked for 30 years inside the secret military installation where novichok was developed and gained extensive personal experience in handling the agent – would not know how to weaponize it“. If this stuff has been weaponised it would be a novel usage and also a very novel situation. The fact that the luggage went from Moscow without setting off any alarms, the fact that it survived the trip (you know how luggage carriers tend to be), as well as the setting that it went off at the time it did gives rise to all kinds of technological options. Still we have the setting of who would have done it. Mirzayanov supports this with ““You need a very high-qualified professional scientist,” he continued. “Because it is dangerous stuff. Extremely dangerous. You can kill yourself. First of all you have to have a very good shield, a very particular container. And after that to weaponize it – weaponize it is impossible without high technical equipment. It’s impossible to imagine.”” and let’s not forget the target, a former GRU agent who had been in prison for 4 years and then exchanged. It seems to me that it is not impossible that Russia was behind it, but I feel that the entire approach was too personal. I speculate that this was likely a Russian with a personal axe to grind, moreover this was a test-run (a mere speculation) and the person decided to go after the one person he had hatred for and in that regard going after the daughter made perfect sense, even more so as it would hurt the person he wanted to get to even more. So was this the case?

Now the last part is all speculative but it adds up, the effort shown for stuff that is still material for denial from the original whistle-blower giving us ‘would not know how to weaponize it‘, and that is from the person who actually handled the stuff. It is the very last part that also matters; with “Mirzayanov thinks the Salisbury attack was performed with a binary version of the agent brought through customs and automatically mixed at the time of the attack“, so two elements, mixing and distributing, such a device was not seen when the luggage got to the UK?

There are too many issues and even as I agree wholeheartedly on the message that Vil Mirzayanov brought to us, I am not convinced that this was some elaborate scheme from the Russian government. Sending any officer of the SVR RF, FSB, GRU or even the Voyska Spetsialnogo Naznacheniya to go shopping in London with the message “Oh, and before you fly back, would you kindly put a bullet in the back of the head of both Sergei and Yulia Skripal?“, a simple mandate avoiding well over half a dozen of cogs that could be clogged with mere sand at any given time.

That is why it does not add up. In hindsight there is one additional part. Is it true that ONLY Russia has that stuff? The entire matter when we see some papers where the Organisation for the Prohibition of Chemical Weapons, was to some extent in the dark 5 years ago. In light of Vil Mirzayanov moving to New Jersey in 1996, so 15 years later the OPCW is still in the dark? That path makes even less sense. In addition, the Scientific Advisory Board (SAB) seemed to have been equally in the dark. From those parts alone, whilst one of the handlers was in the US for the last 22 years, the entire setting is a stretch. It does make sense that the US would have been part of the conversation, yet how do France and Germany fit in? Some presented unity on standing up against Russia?

There is little question on the timeline. So when we see the BBC (at http://www.bbc.com/news/uk-43297638), they are found by a doctor and nurse at 16:15, both unconscious. So they had made it to the Malting’s shopping centre (or so the information implies). So when we learn “A police officer who was the first to attend the scene is now in a serious condition in hospital, Assistant Commissioner Mark Rowley said“, which we get form the article (at http://www.bbc.com/news/uk-43323847) we should be able to tell more. But we cannot, the News is too chaotic, BBC, SBS and other reliable sources give us the snippets, but not an actual slice of the cake. The timeline implies that they were poisoned on the spot, the fact that Nick Bailey, a police officer who became unwell after taking part in the early response to the attack gives additional rise to the use of a toxin, but that implies that it was done there, on the spot. Even if the toxin was moved through touch, the speed at which Nick Bailey got it implies (speculative from my side) that the toxin worked fast, unless the location was less than a 4 minute walk from their house, that option would be taken away as the toxin would be pushed through the body via the bloodstream. In addition any longer would make the Novichok useless, nerve agents are that because they are close to lightning fast, even as we expect that the police officer was lucky and too little got to him.

Yet it was only a few hours ago that the Guardian is giving us a timeline (aren’t they just the best). So the article (at https://www.theguardian.com/uk-news/2018/mar/16/skripals-poisoning-what-we-know-so-far) gives us a decent timeline. I particularly liked “most likely in powder form and the means of delivery could have been as simple as a letter“, so perhaps it might be: “most likely in powder form and the means of delivery could have been as simple as the restaurant bill“, you see the hour at Zizzi as well as the fact that they were found 40 minutes later. A nerve agent will work fast, really fast so the 40 minutes would have been a stretch no matter what, yet the fact when they were found and when they were overcome is not a given, so they could have been smouldering there for over 20 minutes. It equally gives rise that the longer they were there the less impact it would have had on Constable Nick Bailey, his luck I might add. The Guardian is now showing the issues I had and that is good (for me), so as I finalise reading that article, I see a number of issues and even as I had seen most issues, the one part that they aren’t giving us (as It was not part of the timeline) was seen in the in depth of the Independent (at http://www.independent.co.uk/news/uk/crime/uk-russia-nerve-agent-attack-spy-poisoning-sergei-skripal-salisbury-accusations-evidence-explanation-a8258911.html). Here we see: “Some analysts have claimed that Novichoks could have been smuggled out of chemical weapons and storage sites after the collapse of the Soviet Union, when facilities were abandoned by unpaid staff and security was low“, “if the precursor ingredients were smuggled out in the 1990s, stored in proper conditions and mixed recently, they could still be deadly in a small-scale attack according to some experts” as well as “In 1995, a Russian banking magnate called Ivan Kivelidi and his secretary died from organ failure after being poisoned with a military grade toxin found on an office telephone. A closed trial found that his business partner had obtained the substance via intermediaries from an employee of a state chemical research institute known as GosNIIOKhT, which was involved in the development of Novichoks” give us a few things. In the first that the experts are kind of clueless, we might be blaming Russia on all this and it might be true, yet the latter part that involves Ivan Kivelidi takes away the ‘beyond all reasonable doubt’. The fact that this stuff is out in the open to some degree is a much larger issue and when we see “Leonard Rink, told police he had been storing poisons in his garage and selling them to pay off debts“, we see part that takes the Russian government optionally out of the equation and gives us the part I came with earlier “the entire approach was too personal. I speculate that this was likely a Russian with a personal axe to grind“, it fits the bill of the restaurant one might state, that is, if the timeline of the events and the timeline of the toxin can be proven, because both are the axial in the issue.

No matter how this plays out, this could become one hell of a movie and when we see it on the silver screen, will Matt Damon play the person with the grudge, or the scientist who initially played a role in developing it? However we should reserve the role of Skripal for John Larroquette, it will be nice to see him again on the big screen.

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Tagged as BBC, CIA, France, FSB, Germany, GosNIIOKhT, GRU, Ilford, Interfax, Ivan Kivelidi, John Larroquette, Komsomolskaya Pravda, Leonard Rink, Matt Damon, Nick Bailey, Novichok, OPCW, Organisation for the Prohibition of Chemical Weapons, Ryabkov, SAB, Salisbury, SBS, Scientific Advisory Board, Sergei Ryabkov, Sergei Skripal, Skripal, SVR RF, the Guardian, The Independent, The Jamestown Foundation, UK, US, Vil Mirzayanov, Voyska Spetsialnogo Naznacheniya, Washington Post, Yulia Skripal, Zizzi

March 16, 2018 · 14:45

The rocky road of Congress

There are issues all over the Middle East, and whilst saying that, we see that the UK and the US are now ‘caught’ with their fingers in the big pork pie.

The setting is best seen when we start with the Israeli Haaretz. The article (at https://www.haaretz.com/middle-east-news/top-three-stunning-admissions-from-the-top-u-s-general-in-the-region-1.5910066) gives an initial view.

The title ‘Iran, Syria and Saudi Arabia: Top Three Stunning Admissions from the Top U.S. General in the Middle East‘ sets the pace to the smallest degree and sets the topics to a much larger degree. So let’s take a look.

Assad has won
Iran deal should stand
Saudis use American weapons without accountability in Yemen

Each of these three settings are partially a given. In the first we see that as Lt. Col. Dmitry Utkin has been successful in setting the pace and the plays that are about to follow. Yevgeny Prigozhin, who is linked in all this gives the push for Concord Management and Consulting as well as its subsidiary LLC Megaline, a large push for optional multi-billion dollar contracts. It is yet unconfirmed what exactly will happen, but the setting of the end of the Syrian war will have long lasting repercussions in the Middle East. It is also the first setting where there is a very clear indication that the influence of the US is declining. It will quite literally need to cater to the needs of Saudi Arabia for a much longer time to undo the damage that inaction has brought to the US. So whilst the world is getting torpedoed by news, fake news and gossip regarding to the US and the Internet Research Agency (IRA), there are more and more indications that LLC Megaline is moving beneath the radar to start setting up their infrastructures to grow close to 500% and become the construction facilitator primarily for Syria and after that who knows. Let’s not forget that the $500 billion required for NOAM will go a lot further than Saudi Arabia by its self can currently facilitate for. So as America has been making gruesome steps towards optionally fumbling the collaboration it had created and grown over 75 years. As we were treated earlier this week (at http://thehill.com/opinion/national-security/378132-us-must-push-saudi-arabia-away-from-the-chinese-model-of-governance), so when we see “The widespread concerns are that Saudi Arabia simply won’t meet the stated targets set by Vision 2030. Facing a demographic tidal wave — nearly 45 percent of the population is under the age of 25 — Saudi Arabia needs to generate millions of new jobs to absorb a growing workforce it can no longer afford to subsidize through generous government handouts“, that whilst the US has been unable to even closely set its own agenda for, at times, no more than a quarter in advance at each stage and ending up missing their own forecasts by a lot, we see here that the vision that requires another 12 years is already set to fail, according to the Hill. Now, there is a clear setting that things have to change and there are changes coming, there are even more optional changes in the works as the EU has been playing the wrong settings to cater to the wrong people, in addition, the stress settings between Turkey and several European nations are now impacting a little wider than before. You might see this as separate and as acts they are, but the impact is much wider. France is getting less and less obliging towards Turkey in regards to the Afrin offensive, and the Turks are also getting less and less warm receptions from the Netherlands, so there are political stress situations all over the place. So as we now hear (at https://www.reuters.com/article/us-swiss-turkey/swiss-investigate-alleged-turkish-attempt-to-kidnap-businessman-idUSKCN1GQ2UD) that allegedly accuses that “Turkish diplomats planned to drug and kidnap a Swiss-Turkish businessman as part of a crackdown after the 2016 coup attempt in Turkey“, we see a new iteration of cooling notions. These matters have an impact to a larger degree. You see, there is not just the Saudi issue, issues 2 and three all include Iran, not merely the nuclear deal, but the Houthi support that Iran is giving with the supply of missiles and other goods is still largely ignored by too many players. It is a setting of filtered views, trying to isolate the players and deal with one sided responses. It is the Yemeni setting that makes that utterly impossible. So as we see on one side “The Senator followed up, citing reports that U.S. munitions have been used against civilians in Yemen, she asked, “General Votel, when you receive reports like this from credible media organizations or outside observers, is CENTCOM able to tell if U.S. fuel or U.S. munitions were used in that strike?” “No, senator, I don’t believe we are,” he replied“, we are shown a one sided part in all this that a significant amount of acts was to act against the Iranian missiles as they were targeting civilian areas. That part remains unasked. So in all this, as we realise that Democratic Senator Elizabeth Warren is one of the smarter cookies in the US Senatorial jar of cookies, we need to wonder on her actions and her reasoning. The idea that the US (especially the democrats) needs the nuclear deal to hold, whilst we get (at https://www.ft.com/content/22845a20-27d2-11e8-b27e-cc62a39d57a0) an accepted view from the Financial Times with “The US will on Thursday ramp up pressure on European countries to “fix” a landmark Iran nuclear deal that president Donald Trump has threatened to scrap“, with in addition “A state department spokesperson said: “This is a last chance.”” we know that the end is nigh for that bad situation. It is more than Israel wanted, the additional settings that we see is that the US has played a very dangerous game on the Turkish, the Iranian and the Saudi side, whilst there is enough indication that they never had the Trump cards to make it happen. That view is given more strength when we see “The senior US official said “it was diplomatic malpractice to exclude missiles from the original deal”, adding that long-range missiles are inherently associated with a nuclear weapons programme“. In that regard, it is not just the acts of the US, but the EU and UK players in all this will also be given the spotlight. As we see that things were missing, the hasty excuses like ‘there was no time‘, or ‘this was as good as we were going to get it‘ will hit back with enormous force as it gives more and more view that the initial views of Israel were correct. Now as there is an increased escalation with Iran, it is the view we see (at http://www.bbc.com/news/world-middle-east-43419673) where we see “Crown Prince Mohammed bin Salman told US network CBS News his country did not want to acquire nuclear weapons. “But without a doubt, if Iran developed a nuclear bomb, we would follow suit as soon as possible,” he added“, which now gets us in that stage that comes with the Hollywood phrase ‘This shit is getting real!‘ It was the setting that Israel had dreaded for the longest of times and whilst that shit is getting real we see, or better stated, we should see that the escalated and unbalanced pressures are showing the EU as well as the UN to be set as paper tigers that have no power and in the end no options. It is like Reuters stated in regards to the Council of Europe Commissioner for Human Rights, merely “a 47-nation human rights body that has no legislative powers“, yes that was a setting that really helped it all along, were they not?

It goes further than this

You see, some of the players are waking up (or so it seems), with ‘GOP leaders want to put off Yemen war powers vote’, (at https://edition.cnn.com/2018/03/15/politics/yemen-war-powers-vote-congress/index.html), they realise that the setting is less clear, there are intricate settings that have been ignored by some of the players (read: Democratic Senator Elizabeth Warren), the issue is not how, what, when, where or why it was done. With “GOP leaders would prefer to put off a final vote on the divisive issue until after it can be more closely studied in committee” it is not merely a stalling tactic (stalling might still be a factor). The issues that Democratic Senator Elizabeth Warren danced around are still very much on the table for the governing party and in all this it is also squarely on the plate of Mike Pompeo, who, if confirmed, as Secretary Of State, will need to make sure that his office does not become the SOS signal that breaks the loom before the strings in all this have been separated, untangled and isolated so that the matters do not become some Gordian knot that ends up pushing Saudi Arabia, Iran, Egypt, Qatar and Turkey over some edge, because these connections will set flame to the threads connected to others on the loom of diplomacy. Even as we are ‘treated’ to news items like ‘Iran-Qatar alliance deepens, says Iranian naval official‘ and ‘Iran stands with Qatar, says Guards official‘, the truth remains that a direct head to head with Saudi Arabia is one that Iran is reluctant to have, because when it comes to making choices between Saudi Arabia and Iran, there is clarity that the US, many European nations as well as Israel, pretty much none of them will support Iran, as the deepening cliffs are drawn between the EU nations and Turkey, the support it had with Turkey could essentially fall away further, and in that Turkey has been famous for merely supporting whatever pleases Turkey, getting in bed with Iran that deep is a choice Turkey will not be willing to chance. In all this Iran requires players like Qatar to make the blunders of setting themselves into a light of harm whilst Iran plays the ‘I know nothing‘ card.

A game that ends even before it starts in all earnest. So in that regard, the second and third setting we saw in Haaretz will have stronger impacts and the entire Yemeni setting will not be played out the way some would like that to be. that part was seen merely an hour ago when Reuters (at https://www.reuters.com/article/us-usa-yemen-mattis/mattis-dont-restrict-u-s-support-to-saudi-led-forces-in-yemen-idUSKCN1GS00N) gave us “Defence Secretary Jim Mattis defended U.S. military support to Saudi Arabian-led coalition forces in Yemen on Thursday as he explained a personal appeal to lawmakers who are considering whether to end Washington’s involvement in the devastating conflict“, and it is not merely in regards to support. When it comes to appeasing Turkey or Saudi Arabia, having strong ties with Saudi Arabia would be roughly 1,000% more important than anything else and not in the smallest regard for economic reasons. So as we earlier (in previous bog) saw that what is now stated by Reuters as “A bipartisan group of senators, Republican Mike Lee, independent Bernie Sanders and Democrat Chris Murphy, are attempting to take advantage of a provision in the 1973 war powers act that allows any senator to introduce a resolution on whether to withdraw U.S. armed forces from a conflict not authorized by Congress“, we see that congress might be having the right cap on whilst considering this, the cap would prove to be a massive blowback for Saudi-US settings in the Middle East for the longest of times. So as we might to some degree agree with “Lawmakers have argued for years that Congress has ceded too much authority over the military to the White House. Under the Constitution, Congress – not the president – has the authority to declare war“, we need to also see that the US has not declared war against Yemen, it merely is seeking to stop the Iran-aligned Houthi rebels, a group has been firing missiles into Saudi Arabia as well as target commercial vessels off Yemen’s coast, 2 acts that should never have been allowed for in the first place. The US could have a clear setting in those two parts and as such a larger repair of status would be to be more vigorous in countering merely those two dangers anyway possible.

And in all this there is one final danger that the US desperately needs to negate and they do not have a lot of time to achieve it. You see as the Syrian issues are drawing to a close, it is not impossible that PMC Wagner would be growing its influence by offering support to Saudi Arabia against Yemen. You see, Iran painted itself in a corner by denying the weapons shipments to Yemen. In this the strategy becomes that either Iran walks away, or locks horns with Russia too. So as we see “The Iranian Minister of Defence Amir Hatami has denied the allegations about the presumed shipment of weapons to Yemen“, the door has been opened and now Yevgeny Prigozhin as well as Lt. Col. Dmitry Utkin could end up visiting Crown Prince Mohammad bin Salman, in his role of Minister of Defence and offer to solve the Yemeni issue. Should that happen, which is largely speculative from my side, the Russian delegations would receive a much larger opening of the door of opportunity in the Middle East as well as optional access to offer services towards NOAM, a situation that must be the stuff of nightmare legends for the US (as well as for the UK to some degree).

If that happens, it is expected to happen before the end of July, so we will know then and I could be wrong, but when it comes to business opportunity we have seen Yevgeny Prigozhin take the lane of opportunity in the quickest way and there is no way that he does not want a slice of that $500 billion Lemon Meringue Pie, or as he would be calling it the: Kremlin Profit Sharing Money Supply, a refreshing desert that is as rhymed as the Kremlin could get it with the available Horn of Plenty for all who agree there.

Do you still think that my speculation is that far off? I do not hope to be right, but knowing how the souls of greed move; the chance of me being wrong is declining really fast.

All because some of the players have (as I personally see it) their own ego’s and personal needs in the play and not the national needs they had to serve, the long term needs that is, because there is no doubt that some of these sparks are the direct consequence of short term thinking.

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Tagged as Afrin, Amir Hatami, BBC, Bernie Sanders, CBS News, CENTCOM, Chris Murphy, Concord Management and Consulting, Crown Prince Mohammad bin Salman, Defence Secretary, Egypt, Financial Times, France, General Votel, Haaretz, Iran, Israel, Jim Mattis, Kremlin, LLC Megaline, Lt. Col. Dmitry Utkin, Mike Lee, Mike Pompeo, Minister of Defence, Mohammed bin Salman, NOAM, PMC Wagner, President Donald Trump, Qatar, reuters, Russia, Saudi Arabia, Secretary of State, Senator Elizabeth Warren, the Guardian, The Hill, Turkey, UK, US, USA, Vision 2030, Yemen, Yevgeny Prigozhin

March 8, 2018 · 12:46

The G30 court

There is an issue, an issue that we are all missing, more for the reason that after January 17^th the media is steering clear of this with all the might and options they had. I reckon that they will spin this in a setting that it is ‘uninteresting‘, but when was it ever uninteresting to look at a group of 30 that has the alleged advantage of getting their fingers into a pool that has 0% risk worth billions?

The more important part is that there was one mention, or at least only one that was found, on July 7^th 2017 and November 3^rd 2017, both come from Reuters, the media has become that much of a bean flicking, pole pulling grape flocked bunch of pussies as I personally see it. Yet, the fact is that even as the impact is speculated, the setting given is that a group of 30 had an optional exclusive insight in the 3 trillion dollar ECB spending. Consider that each of these 30 got a 1% portfolio, where 75% of it was set at 0% whilst the remaining 25% might have op to 3% risk, in this setting the underwritten $31 billion for each member would set a speculated sanctified security of a multiple factors of $31 billion each. An elite group of 30 all having the top of the financial services cream at zero risk with the optional massive returns none of us ever had insight to. Now I can see that a mere 0.01% of that 1% would set me up for life, and that is merely the one source, the ‘in-crowd’, now would that be the incestuous insider towards untapped ‘considerations of investment‘ and they would all be bringing their own portfolios and economic insight on how to maximise that? Adding the man (read: Mario Draghi) spending Europe’s $3.1 trillion would happily be allowed into their midst, it is merely the setting that this rigs the game towards 30 participants whilst giving a weighted disadvantage to all other bankers is still an issue not covered by anyone.

So as we saw last November ‘ECB says not its call to publish content of Draghi’s meetings with financiers‘ (at https://www.reuters.com/article/us-ecb-banks-ethics/ecb-says-not-its-call-to-publish-content-of-draghis-meetings-with-financiers-idUSKBN1D327U) whilst we also see “At issue is Draghi’s membership of the so-called Group of 30, where policymakers meet bankers, fund managers and academics behind closed doors to discuss economic issues. He sits alongside former and current central bankers, such as Bank of England Governor Mark Carney and the Bank of Japan’s Haruhiko Kuroda, as well as Nobel laureate Paul Krugman”

Yet even as we see “Ombudsman Emily O’Reilly had asked whether the ECB would “consider proactively informing the public of the content of these meetings” in response to “a complaint by activist group Corporate Europe Observatory, which said in January it was concerned about proximity at the G30 of ECB officials and bankers they are meant to supervise“, I cannot help but wonder what both Emily O’Reilly and Corporate Europe Observatory left unmentioned. It was also mentioned by the Dutch Volkskrant where the Corporate Europe Observatory (CEO) member Olivier Hoedeman added comment.

I tried to find more, so even as we have found Mario Draghi, Mark Carney, Haruhiko Kuroda and Paul Krugman as confirmed names (from the media), I initially believed that Groupe Credit Agricole (most likely Dominique Lefebvre) would be a member, I am also speculating that Peter Smith (as director of N M Rothschild & Sons) might have been a member of that group. There are a few other players, but it becomes increasingly less certain even from a speculated point of view. What does matter is that this is not merely some ‘secretive’ babble group. Even as we see last July “In a letter to Draghi that was published on Friday, European Ombudsman Emily O’Reilly said the meetings of the Group of Thirty, where central bankers, economists and financiers talk behind closed doors, are “not transparent” and questioned the ECB president’s membership of the club” as well as “Draghi has until September to reply to the letter in writing“, in that, the media and so called journalism stayed clear of this for the largest extent and the ECB did respond in October 2017 in the attached part. In my view, it all sounds nice but a select group of 30 with a pool of a number in excess of 6 trillion, where 30 people get first dibs on a risk bonus that goes beyond the comprehension of many and the media buries it on page 62 is a much larger issue, especially when the response on page 9 gives us “Moreover, Article 130 of the Treaty on the Functioning of the European Union safeguards the independence of the ECB and of the members of its decision-making bodies” whilst we all know that a mere fraction of $6 trillion has been a case for shifted morals and readjusted (read: weighted morals) in many regards, there are countless hours on C-SPAN that saw those liquid morals and settings in regards to the 2008 events, so the idea of ’30’ members ending up with golden parachute the size of Australia is not that much of a leap, speculated or not. So when we look back to the 2008 events and we see in January 2017, nine years later “The credit rating agency Moody’s has agreed to pay nearly $864m to settle with US federal and state authorities over its ratings of risky mortgage securities in the run-up to the 2008 financial crisis, the department of justice said on Friday“, whilst the damage from the 2008 crash was set to top $22 trillion, we should ask the US Justice department on where the remaining 21.991 trillion is and who was supposed to pay for that. So in all this the fact that the media is steering clear from the G30 and asking, or actually not asking anything past the Reuters articles seen should give alarm bells on many sides, not merely the media.

The EU Parliament magazine (at https://www.theparliamentmagazine.eu/articles/news/mario-draghi-under-fire-g30-membership), also gives us “CEO’s monetary and financial policy researcher Kenneth Haar said, “The Ombudsman’s decision is timely and very positive. Draghi’s involvement with the G30 was ill-advised from the start. Since 2016, when the ECB’s mandate for banking supervision was extended, the close ties between the president and the bankers’ group has become absolutely unacceptable“, or is that gave, because it is past tense and so far the media has remained silent since January 17. It seems to me (extremely speculative) that these 30 members are either connected or involved with the shareholders, stakeholders or advertisers in the media, because the media seems to be at all times protective of these three groups, whilst merely informing on those three groups in a filtered way, or to the smallest degree unless it was already out there in the field. The fact that this group has such a global hold is an issue and I might have been a lot less speculated on this, but the lack of transparency as well as the fact that we see “Tyga Gives Kim Kardashian A Hilarious Spelling Lesson On Social Media” and other Kim Kardashian on a daily basis, whilst the media remains silent on the speculated distributors of no risk trillions is a weird setting, especially when those sources have their fingers in thousands of billions. So when we see the BBC with: ‘Is it time we all unfollowed Kim Kardashian?‘, we might wonder whether it is yea or nea, yet there is a speculated 99.9999% likelihood that the G30 members will not make the cut towards monitored inclusion on following, I am certain that the first one that acts on that is has a boss who is likely (again speculated) to get a quick phone call from a shareholder, stakeholder or large advertiser to wonder if they have any grasp on their staff members and whether they want to manage or become managed.

Do you think that this is a stretch?

From my personal point of view I would give to you Sony (2012) issues, in regards to the change to the Terms of Service. The media ignored it, even as it would impact a group of 30 million consumers. Most of those players merely just trivialised it via ‘there is a memo‘ on it. The rest did even less; some even ignored it all together. With Microsoft (2017/2018) we see even more (at https://www.computerworld.com/article/3257225/microsoft-windows/intel-releases-more-meltdownspectre-firmware-fixes-microsoft-feints-an-sp3-patch.html)

“You’d have to be incredibly trusting — of both Microsoft and Intel — to manually install any Surface firmware patch at this point. Particularly when you realize that not one single Meltdown or Spectre-related exploit is in the wild. Not one“, the amount of visibility (apart from marketed Microsoft Central views) is close to null, a system with no more than 17 million users is marketed and advertised to the gills, so the media seems to steer clear, merely two examples in a field that is loaded with examples.

Back to the group

So as I gave the speculated view earlier on the ‘whom’, we can see the full list (at http://group30.org/members), these members are according to the website:

Jacob A. Frenkel, Chairman, JPMorgan Chase International
Tharman Shanmugaratnam, Deputy Prime Minister, Singapore
Guillermo Ortiz, Chairman, BTG Pactual Latin America ex-Brazil
Paul A. Volcker, Former Chairman, Federal Reserve System
Jean-Claude Trichet, Former President, European Central Bank
Leszek Balcerowicz, Former Governor, National Bank of Poland
Ben Bernanke, Former Chairman, Federal Reserve System
Mark Carney, Governor, Bank of England
Agustín Carstens, Former Governor, Banco de México
Jaime Caruana, Former Governor, Banco de Espana
Domingo Cavallo, Former Minister of Economy, Argentina
Mario Draghi, President, European Central Bank
William C. Dudley, President, Federal Reserve Bank of New York
Roger W. Ferguson, Jr., President and CEO, TIAA
Arminio Fraga, Founding Partner, Gavea Investimentos
Timothy Geithner, President, Warburg Pincus
Gerd Häusler, Chairman of the Supervisory Board, Bayerische Landesbank
Philipp Hildebrand, Vice Chairman, BlackRock
Gail Kelly, Global Board of Advisors, US Council on Foreign Relations
Mervyn King, Member, House of Lords
Paul Krugman, Distinguished Professor, Graduate Center, CUNY
Christian Noyer, Honorary Governor, Banque de France
Raghuram G. Rajan, Distinguished Service Professor of Finance
Maria Ramos, Chief Executive Officer, Barclays Africa Group
Kenneth Rogoff, Professor of Economics, Harvard University
Masaaki Shirakawa, Former Governor, Bank of Japan
Lawrence Summers, Charles W. Eliot University Professor at Harvard University
Tidjane Thiam, CEO, Credit Suisse
Adair Turner, Former Chairman, Financial Services Authority
Kevin Warsh, Lecturer, Stanford University Graduate School of Business
Axel A. Weber, Former President, Deutsche Bundesbank
Ernesto Zedillo, Former President of Mexico
Zhou Xiaochuan, Governor, People’s Bank of China

They also have senior members, which is interesting as they are younger than at least one of the current members, as well as the fact that most of the members in the current, senior and emeritus group have multiple titles.

Stanley Fischer, Former Governor of the Bank of Israel
Haruhiko Kuroda, Governor, Bank of Japan
Janet Yellen, Former Chair, Federal Reserve System

And the Emeritus members:

Abdlatif Al-Hamad, Former Minister of Finance and Planning, Kuwait
Geoffrey L. Bell, President, Geoffrey Bell and Associates
Gerald Corrigan, Managing Director, Goldman Sachs Group, Inc.
Guillermo de la Dehesa, Chairman, Aviva Grupo Corporativo
Jacques de Larosière, Former Director, IMF
Richard A. Debs, Former President, Morgan Stanley International
Martin Feldstein, Professor of Economics, Harvard University
Gerhard Fels, Former Member, UN Committee for Development Planning
Toyoo Gyohten, Former Chairman, Bank of Tokyo
John Heimann, Senior Advisor, Financial Stability Institute
Sylvia Ostry, Former Ambassador for Trade Negotiations, Canada
William R. Rhodes, President and CEO, William R. Rhodes Global Advisors
Ernest Stern, Former Managing Director; The World Bank
David Walker, Former Chairman, Barclays
Marina v N. Whitman, Professor; University of Michigan
Yutaka Yamaguchi, Former Deputy Governor, Bank of Japan

So this group of 30 is slightly larger and in the group each of these members would have the power and economic impact to tell any member of the Fortune500 what to do, or better stated and more important ‘what not to do!‘ It is in that instance that we see the first impact. A game that now looks as I personally see it rigged in several ways; so even as I was allegedly wrong about Dominique Lefebvre or a direct peer, we see Christian Noyer. So in my view, in a 2015 French article on the issue of “Who will succeed Christian Noyer as head of the Banque de France?“, we see “Mario Draghi, the president of the ECB, seems to have had the idea to see his right arm go. Benoît Coeuré would be an important ally for the Italian in the Council of the Governor“, yet in the light of the G30, it seems to me that such a discussion would have been set into a pre-emptive conclusion of who would needed to have been made king in that castle. When we see that in light of a previous article, namely ‘The Global Economic Switch‘ (at https://lawlordtobe.com/2018/03/06/the-global-economic-switch/), were well over 500 billion is to be invested and grown, in addition to the fact that the SAMA has oversight to well over 2 trillion dollars, how come that they do not have a seat at the table? In the same way that the Rothschild’s are not there, but they might be ‘represented‘ through Bernanke or Frenkel, whilst it is not impossible that Mario Draghi might be giving them the low-down to some degree, yet the Kingdom of Saudi Arabia with that much money on the ladle of expansion, that they are not part of it. In a world where that group is about (according to their own website) “The Group of Thirty, established in 1978, is a private, non-profit, international body composed of very senior representatives of the private and public sectors and academia. It aims to deepen understanding of international economic and financial issues, and to explore the international repercussions of decisions taken in the public and private sectors“, where the foundation of Saudi Arabia has been the power of OPEC and the power to instil the push to be a global player in many fields, in that sight in represented value that the repercussions of decisions are set at, to see the Bank of Israel yet not some link to SAMA (Saudi Arabian Monetary Authority) makes equally less sense in the line of thinking that the ‘about‘ section gives us, which makes me wonder what these members are about. they might be all about that, yet what else they are about, or what else they have a useful value in gives rise to my train of thought on where this train with less than 55 occupants is heading off to, and more so, in light of the power that these ‘30’ members have, the fact that the G30 is not the cover talk of many newspapers, especially the Financial Times is beyond me, because anyone coming to you with ‘No News’ or outdated news, or even worse that there is no real issue in play is clearly told what not to write.

It seems to me that not only is there more in play, the personal speculated view that I have in light of learning more and more about the G30 merely confirms my suspicions, as well as the insight that I am getting (a speculated one) where the media is steering clear from all this is a much larger issue. To what and in which direction is one I am not willing to go into, because I know that the ice is wafer thin at this point and skating on water is a realistic ‘no no’, yet the feeling that these members are getting a first view and optionally the option to dip their cups on plenty into a grape juice barrel of risk-less profit is one that I feel is very much in play. This G30 group is networking on an entirely new level, one that I have never seen before. This is not some kingmaker into presidency; this is a long term group where the optional billions will keep on flowing for decades to come. And this all in a setting of non-transparency, because this goes way beyond the 3 publications in 2016 and of course all those papers published before that. In the 2016 publication ‘Shadow Banking and Capital Markets: risks and opportunities‘, (at http://group30.org/images/uploads/publications/ShadowBankingCapitalMarkets_G30.pdf), we see in the conclusion on page 49: “Moreover, growing leverage across the global Economy can create important risks to macroeconomic stability even if the financial system itself is more resilient. And two developments are particularly concerning: the growth of emerging market foreign currency debt and the rapid growth of Chinese leverage accompanied by a proliferation of shadow banking activities are ominously reminiscent of precrisis developments in the advanced economies“, which is in view of the experts would be nothing new, yet resources available and the 36 exhibits and the recommendations would have been available to the G30 group much earlier than anyone else. In that light, we need to wonder not merely on the setting, in Exhibit 36 we see mortgage losses and the fact that there is the US, Canada and Europe, so in that light the fact that the fourth one is the Netherlands, is that not odd? In light of several settings, France, Germany, Italy and the UK, any of these four would have made perfect sense, so why the Netherlands? Exhibit 33 might have been a reason for this, yet in equal measure the absence of Scandinavia and Italy in this setting now adds to the questions. I think it is not merely choice and presentation, the absence of those players give rise to questions, perhaps even speculated questions and as there are none to be given, it makes me wonder what else is missing, what other data was filtered because in the light of data and presentation there is one golden rule I have always kept in the back of my mind.

The Analyst shows you which investment needs to be made, the presentation makes you look forward to the invoice.

So what invoice is the G30 group making you look forward to and where did it need to go? Two questions with optionally very different results, and in that setting, whilst you know the impact the European economy has had over the last 15 years, whilst we also know that Mario Draghi has been spending $3 trillion, in that setting the G30 does not make the news?

Who is getting fooled by all this and who is getting fooled by making sure that you do not get to notice this?

It is a much larger playing field that is from whatever point of view you have a field of inclusion, or a field of exclusion, yet in all this there are questions that are not asked at all, questions that even I am not asking because I decided to go into technology, engineering and law whilst giving a pass on the Economic subjects. Yet the Financial Media is not asking them either and that is an issue, especially in light of that ‘secretive‘ group set to a stage of networking inclusion, or is it networking through filtered exclusion?

I’ll let you decide on that.

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Tagged as Abdlatif Al-Hamad, Adair Turner, Agustín Carstens, Ambassador for Trade Negotiations, Arminio Fraga, Article 130, Aviva Grupo Corporativo, Axel A. Weber, Banco de Espana, Banco de México, Bank of England, Bank of Israel, Bank of Japan, Bank of Tokyo, Banque de France, Barclays, Barclays Africa Group, Bayerische Landesbank, BBC, Ben Bernanke, Benoît Coeuré, Blackrock, BTG Pactual Latin America, C-SPAN, Canada, CEO, Christian Noyer, Corporate Europe Observatory, Credit Suisse, CUNY, David Walker, Deutsche Bundesbank, Domingo Cavallo, Dominique Lefebvre, ECB, Emily O’Reilly, Ernest Stern, Ernesto Zedillo, Federal Reserve Bank of New York, Federal Reserve System, Financial Stability Institute, Fortune500, France, FSA, G30, Gail Kelly, Gavea Investimentos, Geoffrey Bell and Associates, Geoffrey L. Bell, Gerald Corrigan, Gerd Häusler, Gerhard Fels, Germany, Goldman Sachs Group, Groupe Credit Agricole, Guillermo de la Dehesa, Guillermo Ortiz, Haruhiko Kuroda, Harvard University, House of lords, IMF, Inc, Italy, Jacob A. Frenkel, Jacques de Larosière, Jaime Caruana, Janet Yellen, Jean-Claude Trichet, John Heimann, JPMorgan Chase International, Jr., Kenneth Haar, Kenneth Rogoff, Kevin Warsh, Kim Kardashian, Lawrence Summers, Leszek Balcerowicz, Maria Ramos, Marina v N. Whitman, Mario Draghi, Mark Carney, Martin Feldstein, Masaaki Shirakawa, Mervyn King, Microsoft, Moody, Morgan Stanley International, N M Rothschild & Sons, National Bank of Poland, Olivier Hoedeman, OPEC, Paul A. Volcker, Paul Krugman, People's Bank of China, Peter Smith, Philipp Hildebrand, President of Mexico, Raghuram G. Rajan, Richard A. Debs, Roger W. Ferguson, SAMA, Saudi Arabia, Saudi Arabian Monetary Authority, Sony, Stanford University, Stanley Fischer, Sylvia Ostry, Tharman Shanmugaratnam, The World Bank, TIAA, Tidjane Thiam, Timothy Geithner, Toyoo Gyohten, Treaty on the Functioning of the European Union, UK, UN Committee for Development Planning, University of Michigan, US Council on Foreign Relations, US federal and state authorities, Volkskant, Warburg Pincus, William C. Dudley, William R. Rhodes, William R. Rhodes Global Advisors, Yutaka Yamaguchi, Zhou Xiaochuan

March 6, 2018 · 15:13

The Global Economic Switch

There is a shift going on, now this shift is still in the planning stages, but the switch is very real and as we see the crumbling switch from enabler and entrepreneur, the US is moving towards becoming a mere consumer and dependent user. That is a switch some might have seen coming, others have not seen it at all and some are still in denial, claiming it is a short term inconvenient stage. I have no idea which is true, but the events that are a given are showing to be more than a mere short term event and the diplomatic impact will equally show to be a long term impact on what the US had and what it will become. Now there are indicators, but the image is not seen in a single view, so let’s paint this picture for you whilst adding the sources.

Saudi Arabia

The Saudi Arabian announced investment (at https://www.cnbc.com/2018/03/05/saudi-arabia-and-egypt-agree-to-a-10-billion-deal-to-build-a-new-mega-city.html), is actually a lot more than the $10 billion forecasted, because the value as I showed in over the last year is more than becoming a reality, it is now in a planned stage, and planned much larger than I foresaw it going. It starts with “Saudi Arabia and Egypt have agreed to create a $10 billion joint fund to develop a mega-city in Egypt’s southern Sinai Peninsula, with both countries committing more than 1,000 square kilometres (386 square miles) of land to the new project“, you see, depending on the distance from Sharm-El-Sheikh the infrastructure will grow much faster and even as they will rely on what Sharm-El-Sheikh has, the growth of this new Mega-city could be the start of the tech-hub that benefits both Egypt and Saudi Arabia. As the technology hubs grow, so will the economy. It is also the first part to start getting combined 4G/5G preparation in place, because as this technology becomes available Saudi Arabia now has a first advantage in both upgrading its services and that gives optional access to 23-32 million out of a 95 million population. With the tech hubs, both the Sinai one as the half a trillion dollar NEOM, there will be a massive growth in dependency and requirements for technology. There is in addition, the Barcelona World Mobile Congress where on February 26th Huawei announced its full range of end-to-end (E2E) 3GPP-compliant 5G product solutions, now the other players will be following, yet Huawei has an advantage for now. With “The featured products are also the only available options within the industry to provide 5G E2E capabilities” we see that Huawei has chosen a path that allows them to grow and they will not be alone, but for now they are ahead of the crowds, so even as we see now “Huawei partnered with Zain Saudi Arabia, signing a Memorandum of Understanding promising to develop a new network strategy in the Kingdom. The aim of the MoU is to accelerate the realization of 5G networks and assist Zain in building the most advanced end-to-end networks in the region. The two companies will work together to accelerate the deployment of 4.5 to 5G networks, make further advances towards full cloudification, and produce additional strategy and planning in the field of ICT Synergy Cloud” (at https://www.arabtimesonline.com/news/huawei-outlines-vision-5g-future-co-unveils-latest-innovative-products-solutions-mwc/) merely a day ago. I gave that indication almost two weeks earlier, so how is that for a prediction. So even as the US is setting the bar at “Chicago, Los Angeles, Dallas, Atlanta, Washington, DC and Houston” to be the first with 5G at the end of the year, what happens when you need to reach out to Wall Street and Manhattan? Will that be merely 4G, or will you suddenly experience other issues (between providers, reception issues and so on; oh, and as you go from protocol to protocol switching per cell tower on the move, watch that battery power drain as the battery percentage goes down like a timer in seconds 75, 74, 73, 72, 71 and so on. Please do not take my word on this, it is much better when your own eyes see the battery counter go down, it adds to the dramatic effect when you hear me howl with laughter (stating: ‘I told you so’). So even as the article ended with “Ken Hu, Huawei Rotating CEO, said: “The intelligent world is drawing near, filled with potential and possibilities. Ground-breaking technologies like 5G and IoT promise to solve complex business challenges and improve the lives of the population. Yet challenges remain on our path before these dreams are realized. MWC 2018 was an excellent opportunity for us to meet with other leading companies and discuss how together we can overcome these obstacles, achieve sustainable business growth, and Build a Better Connected World.”“, I will admit that I have an issue with that part, you see with ‘IoT promise to solve complex business challenges‘, we see the implied solution, but the IoT (Internet of Things) is merely the applied hype word in a solution that has not been designed yet. It is true that the application of IoT is a solution in itself towards a whole shoal of options and challenges, but as we consider that the 4G smartphone brings solutions, it requires the apps to be there and solve actual settings and that takes time, like all other needs. In that regard I see the IoT as the old sales technique of selling a concept before the product exists and I always thought that to be a broken non resolving approach to the greedy salespeople coming with a ‘pay it forward’ solution that is paid for before the product has been completed. It is a dodgy need, because in the end the (business) consumer needs and actual product to work with. Yet that might just be me imagining things.

United States of America

The view here starts with the Financial Times, who brought us ‘Currency markets send a warning on the US economy‘ (at https://www.ft.com/content/de57a6a2-1e32-11e8-a748-5da7d696ccab). So even as this is about the financial markets, there are a few points to take away from that. First there is “The pattern of higher interest rates and a weakening currency suggests that on multiple dimensions US assets now have to be put on sale to convince foreigners to hold them or induce Americans not to diversify into overseas assets. This pattern is relatively uncommon in the US though it happened in the Carter administration before Paul Volcker’s appointment as chair of the Federal Reserve and in the Clinton administration before Treasury secretary Robert Rubin’s invocation of the “strong dollar” policy. It is fairly ubiquitous in emerging markets where it reflects anxiety over a country’s policy framework“. The dangerous part here is ‘convince foreigners to hold them or induce Americans not to diversify into overseas assets’; you see it is a move of limitation, either the non-American buyer holds onto the for a much longer time, which needs convincing (usually with higher yields), as well as stopping Americans to go overseas into other markets, so it is not actually an ‘or’ situation, it is actually an ‘and’ setting where the inclusion needs to be both to remove doubt and volatility. The article ends with “The confidence of global markets is much easier to maintain than to regain. Currency markets are sending a signal that the US is not on a healthy path. Its time for the US to strengthen the strong fundamentals on which a strong dollar and healthy economy depends“, you see that view is set not merely in the war of tariffs, it is set where the global markets have been seeing a decline in US activity and more important acts that show that the US economy is feeble and the US infrastructure is not in strength, it is merely getting by and that is a dangerous place to be in. Even as I predicted that the inactions and the inability to act against Russia will be felt when Russia calls the bluff of America, it is now showing that the US on a larger scale is showing to be set towards a series of hurdles that will stagnate its economy and over the long haul (within two years) will show the danger of another recession, so when that happens and projects get halted, how will Sprint and other players pay for 5G? Entrepreneurial innovation tends to demand buckets of cash, cash that is not available, certainly not readily. Protectionism is merely the first hurdle and one of at least three in the setting of the tariff war. The Financial times gave the people the biggest fear and doubt on February 21^st with “US ‘too big to fail’ regime set for Trump overhaul“, that ‘too big to fail‘ has been used before and a whole bunch of billionaire grapes got bitten rather badly in Europe. It is not merely the Chapter 14 implementation with the by-line ‘to shield the tax payers’, it is the text “Both Wall Street and overseas regulators have warned the administration over the dangers of dismantling the system but the Treasury said it wanted to narrow its use so it could serve only as a last resort“, the fact that ‘narrow’ and ‘Wall Street’ imply that the Chapter 14 will lack the teeth it needs and as such it is another parachute for the 1% bankers, banks and those making upwards of $253 million a year. So how much will this marker cost the tax payers in the end? Even as there is an abundance of recession fear articles and announcements by the media at large, that part even as it is likely to happen, it is not certain to happen and that fear needs to be removed (by other means than the Chapter 14 messages). You see, the problem is that the 1% has enough wealth to survive the next two recessions, whilst the quality of life of the other 99% has not been pushing forward towards the level it needed to be. So they will get hurt really bad if another recession happens within the next 16 months, which is close to all speculated views by the media at large. Whilst that is not much of an indication, the events in Saudi Arabia is only one element, the other elements is the one we will see next

Other players

There is more than one player in all this. The first is seen by CNBC (at https://www.cnbc.com/2018/03/05/saudi-russia-oil-deal-leads-to-bigger-russia-role-in-middle-east.html), where we are treated to “The partnership with OPEC, led by Saudi Arabia, allows Russia to strengthen its hand in the Middle East at the same time the U.S. role has been diminished“, the diminishing of the US as stated by other sources closes doors to the US on several shores, a dangerous change that comes at one of the least fortunate times. The quote “it is now the foundation for a broader relationship that has the potential to reduce already waning U.S. influence in the Middle East” is foremost set to the chilling friendships with Syria and Iran, it is not merely there. Turkey has been out of control for the longest of times and now that Turkey is smelling blood, it is trying to get much more out of the US, making them a very expensive ‘friend’, more so, the question becomes was Turkey ever a friend? In that whatever bites there could hinder the US with its access to the Middle East at large. Should Incirlik and Izmir become an issue, the economic print of the US would drastically change, because that would require the US to find a way to grow the option to get a base in Saudi Arabia and optionally in Israel. Whilst neither is a given, the costs of that will be staggering and the economic footprint of the US will equally become an issue down the road. Even if there would be an option to get one in Western India (who would like that economic windfall in their region), it would be a drastic fund pressuring move for the US.
Another option would be in Egypt and if that becomes an option it would in the longer term benefit both Egypt and Saudi Arabia, whilst Egypt gets to grow its stability in the Sinai, the US would become a much larger target in Egypt, wherever its base would be placed. So that too would come at a cost for the US in a time it needs to turn over every dollar it spends. Another is Jordan, but there is no way to tell the impact, the costs and the options in that regard as I have no clear information or sources to give at this time. You see, the memorandum of understanding was signed with Jordan with Rex Tillerson a mere 3 weeks ago, so adding a conversation of adding a US base there might not be the one that would work (pure speculation from my side). In addition, the EU News (and others) who gave us “Commissioner for Trade Cecilia Malmström added: “These US measures will have a negative impact on transatlantic relations and on global markets. In addition, they will raise costs and reduce choice for US consumers of steel and aluminium, including industries that import these commodities”” gives rise that there is a cooling of ‘friendliness’ between the EU nations and the US to some degree, so there is that impact as well. I am not talking about the tariff, I am talking to the diplomatic language where Dutch Prime Minister Mark Rutte gave us “Relations with the United States can no longer be taken for granted“, which is not a good thing as the Dutch port of Rotterdam is the gateway to Germany and its industrial heart, in addition the US pressures on France regarding the Iran nuclear deal could impact the two, but that is not a given, even better, it is unlikely to be an issue, which is a plus point, for the US for now as the Italian elections are over and the anti-EU parties made a massive gain (from 4% to 18%, whilst they surpassed the Berlusconi party) is still an issue in play. I agree with the Guardian that stated that the EU-issue is not in play, but as we see (at https://www.theguardian.com/commentisfree/2018/mar/03/italian-elections-european-union-populism), the need for Berlusconi was the man to save them from populism has now become a non-reality, the impact will grow and in that matter the US would need to play nice, very nice with Italy. You see there was always going to be an issue with Matteo Salvini, yet the fact that they became the largest party with 37% was unforeseen. There is no issue with iExit as the Italian version of Brexit is called, but its anti-immigration policies will give headaches for many EU nations and as the impact of US-EU nations is cooling, becoming an enabler for Italy might be the wiser of solution for the US. The BBC (at http://www.bbc.com/news/world-europe-43294041) gives much more, but the power is at the end with “Voter frustration here in Italy but evident and ongoing in Germany too surely shows it’s time for Brussels to sit up and really pay attention“, the shown fact that Brussels have not been doing that is the anchor around the neck for the EU and that will impact the US numbers as well. Even as Germany was the biggest friend of the US in the EU, the tariff and, the EU army and the need by America for Germany to play a larger role in the EU borders (taking some pressures from the US) are all elements that put more and more pressures on the US, even as some of the needs by the US are very valid, we need to realise that Newsweek gave us “Germany’s top diplomat has told foreign policy experts that his country’s relationship with the U.S. has suffered irreparable damage under the administration of President Donald Trump“, even as the damage began in the previous administration (to a small extent), the chosen path by the Trump administration has been adding negativity to it all. Syria must be seen as the largest of catalysts in that regard, it is merely my sense of humour that the Germans see the forced ‘friendship‘ with the French as a larger issue than the actual absence of the US in all that, but that is just my take on humour.

All these elements are part of the economic switch in all this, in support of this, there are sources that show that Saudi Arabia wants to grow its arms industry and as SAMI (Saudi Arabian Military Industries) is sitting down with the Russian who are eager to accommodate, I need to wonder why the hell Raytheon and Northrop Grumman were asleep at the wheel, or decided to remain vacant from that setting. So even as Remington (American outdoor Brands) has a product of sheer excellence, they are now not at the middle Eastern table, but in a novel mentioned in Chapter 11 and seeking a quick sale, perhaps someone can tell me how much could have been gained at the Riyadh SAMI conference table? So even as we read (at http://www.business-standard.com/article/international/saudi-arabia-wants-to-make-their-own-weapons-russia-eager-to-help-118030300622_1.html) that “likely to alarm American policy makers, who worry about losing ground to Russia and China in the Middle East“, where we see that this is understated to the largest degree. With “They’re already planning to buy the Russian S-400 air-defense system, under a deal that would let them manufacture related products at home” as well as “Half of Saudi procurement is supposed to be done locally by 2030, from about 2 per cent today” we see the extent of the market lost for both Raytheon and Northrop Grumman as two of the largest players in that field. Someone (more than one player) was asleep at the helm and by playing the card of exclusivity the ended up playing the card of exclusion, which takes them out of the game as such and that is the issue in this, because as far as I see it we have not seen such a large shift of plays optionally towards Russia and away from the US since before WW2, perhaps it might be more correct that this has never happened to this degree in history, that too is a factor that must be considered; so, suddenly the extended play changes. I mentioned part of this on Feb 24^th (at https://lawlordtobe.com/2018/02/24/losing-values-towards-insanity/) in ‘Losing values towards insanity‘, yet I only had some unconfirmed parts and no idea why I had some parts, I had these parts a week ago, yet all these parts came to me over the last 24 hours with 1-2 exceptions, now we see a shifted picture. When we consider LLC Megaline (as well as Concord Management and Consulting) where Yevgeniy Prigozhin and Dmitry Utkin allegedly have been preparing to grow an ICT/Mobile infrastructure in Syria, that whilst construction fortunes would be coming their way too, the entire growth with Saudi Arabia as an optional side allows those two to split a few billions between the two of them, whilst at the same time growing the other fields they have access to and get a seat at the Saudi Arabian table at the same time. A side I never saw as I did not have the information I have read over the last 24 hours. To get any additional part in that play could set me up for life within 3 years, to get a 400% better lifestyle in 36 months than the 36 years of hard work allowed me to get is what would get any person to change their pupils to dollar signs and that is merely in their need for ICT, Data farms, Mobile facilitation, Data systems, forecasting, reporting and logistical infrastructures. In all this we see the clear evidence as given by several players that is now on route in a place where the US has a setting that is diminishing, so as those currencies go elsewhere, do you think it will not impact the US economy. That is apart from the greedy pharmaceuticals that are now pushing on India for the longest time. It is an additional place where non-US players will have options to gain market share. All that because certain players in the patent field were enablers towards the few greedy US pharmaceuticals as they increasingly ‘demanded‘ more and more outside of the patent scope that was once given (the attempted Trans Pacific Partnership was clear evidence of that), now we see hat impact and the US is at the axis of an economic switch where someone else will soon decide whether that switch will be switched on or off, no longer as the setting where the US sets the status, which is something the US has not faced before ever as far as I can tell, even the 2004 and 2008 events did not remove that option from them, but that is now a reality from sources like Bloomberg, Reuters, the Financial Times, CNBC, BBC and other players are setting the view that we are getting now. Even as none as saying it outright, the news as given provides a speculated picture where that may become a reality. I do believe that it could be prevented to some extent, but at the current course of the US ‘Kingmakers’ and ‘Wall Street regents’, that reality is slowly being removed from the US table of decision makers and once that reality hits, when they have to report that the Switch is set to ‘OFF‘, the impact will hit pretty much every market where the US is policy maker.

A world where the US player involved goes from being exclusive to excluded!

I wonder how the media will then cover it and who will they blame, because they will always be about laying the blame.

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Tagged as 5G, Atlanta, Barcelona World Mobile Congress, BBC, Berlusconi, bloomberg, Cecilia Malmström, Chapter 11, Chapter 14, Chicago, CNBC, Concord Management and Consulting, Dallas, Data farms, Data systems, Dmitry Utkin, Egypt, EU News, forecasting, France, Germany, Houston, Huawei, ICT, India, IoT, Isrzael, Ken Hu, LLC Megaline, Los Angeles, Mark Rutte, Matteo Salvini, Memorandum of Understanding, Mobile facilitation, NEOM, Northrop-Grumman, OPEC, President Donald Trump, Raytheon, Remington, reporting, reuters, Rex Tillerson, Riyadh, Russia, Russian S-400, SAMI, Saudi Arabia, Saudi Arabian Military Industries, Sharm-El-Sheikh, Syria, the Financial Times, Trans Pacific Partnership, Turkey, US pharmaceuticals, Wall Street, Washington DC, Yevgeniy Prigozhin, Zain Saudi Arabia

March 1, 2018 · 14:49

The failing Mario Draghi Kart

Just yesterday, the Deutsche Welle (at http://www.dw.com/en/eurozone-economy-still-requires-stimulus-ecbs-mario-draghi/a-42751327), gave us that the ‘Eurozone economy still requires stimulus‘, so after these years the stupid and the rich still will not learn and the people are about to pay for it dearly. That is, not the UK, they might have gotten out just in time, if they don’t add delay upon delay. Even as we are sussed to sleep with: “The bank is gradually reducing its bond purchase program but it may continue past September”, the people are sussed to sleep, in a situation, where they sleep on a luxury liner and it is going down. Like having a nice cabin on the Titanic and you decided to sleep in on April 15^th and you did. You never woke up, you could if there was oxygen, yet oxygen is 3786 meters away, 3786 meters straight up!

So when we are pointed at the ECB’s asset purchase program, which began three years ago, and which has seen the central bank spend €2.55 trillion ($3.14 trillion) to buy government bonds and other financial assets. The people are not given clarity on where that money went EXACTLY, in other news, that news we got months ago on Mario Draghi being a member of a very exclusive 5 mile high club. So when we got 6 weeks ago: “European Central Bank President Mario Draghi should give up his membership of the opaque Group of 30 consultative body because it risks hurting public confidence in the ECB’s independence, the European Ombudsman said on Wednesday“, how come the near entire bloody media has not followed up on this? After that one day it was silenced, the ECB will not respond, Mario Draghi apparently keeps on getting away with whatever he needs and there are no questions, not even on an international level which is unsettling in so many ways as it leaves us with the indication that the media may be as unreliable as the politicians they are reporting on.

A program that has sunk 3 trillion dollars and everyone is just stating that the economy is great, yet nobody is asking the number one question and that is ‘How will we pay it back?‘

The theory of printing money

Mario Draghi, president of the ECB has profiled his place and his ‘bank’ as awesome, marketing on a near supreme level, like a politicians stating on how honest he is. Excellent standards, great breeding and stellar academic excellence, and you know that expression about a story being too good to be true?

So they have their ‘Quantative Easing’, they use it to buy government bonds and other financial assets. The purchases have helped keep borrowing costs low, which in turn have boosted spending and investment in the Eurozone economy. But is this true? You see, there are now two levels of problems and dangers. When we consider that the bond is a debt security, under which the issuer owes the holders (so the government that issued the bonds now owes the ECB), a debt and (depending on the terms of the bond) is obliged to pay them interest and to repay the principal at a later date, termed the maturity date.

So over $3 trillion is bought from these governments and those governments are paying the ECB interest until they pay back the amount at the date of maturity (could be up to 30 years). So basically they are pushing massive debts forward, it is almost like the Greek debt mess, but now close to 173 times more intense in regards to the outstanding amount. The current makers in charge get a free pass and leave the mess to the next person whilst they enjoy the millions they earned as well as the multimillions they got by being a member of an exclusive group of 30, as they get the results before any other publication and they get to the cream all without ever running the risks other ‘investors’ face.

So whilst everyone sees the interest only part, we are kept in the dark on the fact that an additional $3 trillion would be outstanding and with the UK out of play, the other nations will get to pay for it all, so when we consider that last week nations like the Netherlands told the EU that they want a freeze on EU contributions, so now we read: “Rutte has said he does not want the Dutch contribution to the EU to increase, despite the European Commission’s call for higher spending on climate change and border controls, and the gap left by Britain after Brexit. Like the Netherlands, Britain is a net payer into the EU’s coffers and will leave a large hole when it pulls out. The Commission wants to fill the gap through a combination of spending cuts and higher contributions, something which the Dutch strongly oppose” (at https://www.dutchnews.nl/news/archives/2018/02/dutch-prime-minister-begins-campaign-to-freeze-eu-contributions/), what no one is looking at, or mentioning is that the outstanding $3 trillion is going to be an additional matter to deal with, even if that is placed in a very separate part of the books. Payment will be due!

So as they give the mention how Brexit will be one reason to increase payment, the absence of the QA plan and outstanding amount remains unmentioned, it is an impact, but that is exactly why the UK got out in the first place. In this the contribution for the Dutch will go up by $4500 per person, so where is that coming from? Now consider that the impact of the matured bonds will be massive for the positive contributing nations, Germany, France, Italy, Sweden, Belgium, Denmark and Austria would end up getting a blow to their budgets unlike any they have had. The question becomes how intense depends on certain elements. So when we consider the bad curve. So, when the bonds bought reduce in value by 30%, the ECB is not hit, it might lose the value, but that means that the government it was bought from ends up with a smaller invoice to pay, and the losses for the investor (the ECB) loses 30% of their investment, now the EU nations as a bloc will have to come up with that money. So depending on where it was invested in, that government get to laugh as the other EU members need to pay for the ‘losses’, which amounts to the positive paying nations. This is one of the foremost reasons why I was all for the UK getting out as soon as possible. So these nations could end up paying an additional $1 trillion divided amongst them. So how was this ever going to be fair? Of course that is if the value of these bonds depreciates, if that does not happen, than there is no additional issue, but the fact that the outstanding amount is still due for payment and in light of the bulk of these EU nations not being able to keep a decent budget and almost no ability to pay such amounts does not help us in any way in raising confidence in regards to the EU moving forward. Greece is to the smallest extent some indication, even as many sources are positive, I have an issue with “The 2017 primary balance target of 1.75 percent of GDP is expected to be reached with a significant margin. For 2018 the primary balance target of 3.5 percent is considered achievable“, so there are two parts. The first is the use of ‘expected to be reached‘, margin or not, these numbers are not yet set in stone, so there could be a bad news cycle. The second part is ‘target of 3.5 percent is considered achievable‘, which means an almost 100% increase towards the positive result, which has never been realistic. Even as the unemployment numbers are down from 27% a few years ago, to 21%, this still implies that one out of 5 is without a job, that means the stresses on the Greek infrastructure remains and it will remain for several years to come. So when it comes to the larger nations, Spain, Italy and France are still a downward drag here in regards to the overall EU and their drag is draining their infrastructure and options towards pushing the EU economically forward, some others like the Netherlands and Sweden are ahead of the curve, but we forget that they are merely 26 million, whilst the three dragging us down represent close to 185 million people, in that regard we forget the weight that the larger nations have. So in that both the UK and Germany are the positive sides, but the UK is leaving and adding Germany only gets that group of 3 at 50% of the ones slowing the EU down, so even as the slowdown is a good thing, it is still a negative result in the end. So it is in that light that there is a growing risk to the entire Quantative Easing plan that Mario Draghi gave the EU and even as they are all on how ‘the economy is so much better‘, I agree that compared to two years ago, the people are more positive and jobs are getting better, yet this has been at the expense of unrealistic levels of spending and there is no given on when that will be resolved, so those people have a $3 trillion bill hanging over their heads.

You see, part of the problems is infrastructure, EU infrastructure mind you. So as the Australian Financial Review (at http://www.afr.com/news/economy/monetary-policy/mario-draghi-keeps-focus-on-monetary-accommodation-20180226-h0wos8) gave us “Draghi did address a question on why ABLV Bank received emergency support from the Latvian central bank before the ECB declared it failing or likely to fail. He said that the Emergency Liquidity Assistance policy – under which national central banks rather than the ECB decide to provide support to troubled lenders – is a “remnant of a past time” and should be reformed”

Say What?

So basically a bank got support from its national bank, whilst the ECB had it as ‘likely to fail‘, so is this how Quantative Easing is ‘miss-spent’? It is not completely clear or fair to state it in that way, yet when we see Reuters with “The ECB said at the weekend that privately held ABLV is likely unable to pay its debts or other liabilities as they fall due. “We believe our bank will be able to settle with all of our clients in full,” ABLV, Latvia’s third-biggest bank by assets, said in a statement. “Voluntary liquidation is an important condition for it – the process has to be done as professionally and as transparently as possible, given the history of Latvian insolvency and liquidation processes”“, yet in all that is there any mention whether that included the emergency support funds? The text does not include that part, so that is money down the drain. That whilst it is not the only scandal that Latvia faces. If we consider the Stratfor view (at https://worldview.stratfor.com/article/what-watch-two-banking-scandals-unfold-latvia), we see “On Feb. 17, the Latvian anti-corruption agency detained the head of the country’s central bank, Ilmars Rimsevics, after Grigory Guselnikov, the Anglo-Russian owner of Latvia’s Norvik bank, accused him of taking bribes. Rimsevics has denied any wrongdoing, and Latvia’s Defense Ministry said that the allegations were part of a “massive information operation” by an external actor. Latvian Finance Minister Dana Reizniece-Ozola said that the corruption allegations would be investigated“, as well as “a report issued Feb. 13 by the U.S. Treasury Department detailing the results of its investigation that found ABLV had facilitated transactions linked to “large-scale illicit activity connected to Azerbaijan, Russia, and Ukraine” as well as activities circumventing sanctions on North Korea. In the wake of that report, significant assets were withdrawn from ABLV“. Now we can see that for what it is, yet we also get “the ECB’s Single Resolution Board has rebuffed ABLV’s efforts to seek financial assistance, determining that shoring up the bank “was not in the public interest.”“, so in light of the mention by Mario Draghi with ‘under which national central banks rather than the ECB decide to provide support to troubled lenders‘, I see it as instead of money wasted from the left trouser pocket, it came from right cheek pocket. How does that solve anything? The fact that the trousers came from the old tailor, the fact that the damage was not contained and allowed certain parties to take their cash out of Latvia is still cause for concern for those wearing the trousers.

That reflects also when we add the Greek issue that is playing right now with “the resignation on Monday of economy minister Dimitris Papadimitriou and his wife, the alternate labour minister, Rania Antonopoulou. Antonopoulou gave her notice after it was revealed that she had accepted €23,000 in housing benefits at a time of immense hardship for Greeks” (source: the Guardian). The issues playing do not seem like much, but it is like mopping the floor in a room where the water main has burst, it is close to pointless. In all this, especially when we hear Alexis Tsipras come with ‘praising the couple, in a speech late on Tuesday, for the “sensibility” they had exhibited in stepping down‘. To me it reads like ‘I am happy you vacated the premises as the people now know what you did and they are angry, thank you for that!‘ Is there any way that the Greeks are not getting fuming mad on that issue?

That is the part that does matter, because that is linked to whatever bonds were purchased, where they were purchased and how much is in play. We see none of that; merely that the invoice at present is set at 30 billion Euros per month, down from 60 billion per month earlier and 80 billion per month before that. So there is no way to tell how unrealistic my 30% loss is, it could be as low as 1% or as much as 41.3%, there is at present no way to tell. It is a long term gamble instigated by those in power now and left to solve for whoever gets to hold that seat when those spending’s mature and payment is due. Yet the chance of breaking even (best case scenario) is almost statistically impossible and no one has answers how to deal with it the moment it happens.

Can the Draghi failing be proven as a failure?

That remains the main event in all this and the fact is that the proof is nowhere near complete because the transparency in the spending and the path to repayment is missing. The fact that the money is printed and that the payment of the printed money is due at some point is not dealt with, by none of the media. Is it because it is not due now, or are we kept in silence because it stops us from asking questions? Perhaps like the elite group of 30 bankers, only initial questions are allowed and no response will be coming. That are merely factors in all of this and it does NOT sets any premise to the failure or success of the acts by Mario Draghi. Part of it is shown by Bloomberg a mere 15 hours ago, as they gave us: “The rate of price growth slowed to 1.2 percent this month from 1.3 percent, dropping to its weakest since 2016. The core measure was unchanged at 1 percent. The figures follow a series of releases that have checked the economy’s thundering momentum at the start of 2018, which had emboldened policy makers who want a faster unwinding of the central bank’s crisis-era monetary stimulus“, so even as that is not evidence, it seems to me that people are stalling and delaying stopping the QA wave, until the QA wave shows a positive. It is like watching a person throw more and more money in the pokeys until that person breaks even. In gambling terms it is watching a fool bleed dry. Even when we accept that a pokey returns 90% over its lifetime, that means that at the very least there is a loss of 10%, even if that person is getting lucky, the small wins are still used up whilst the player is trying to break even and in the end that money too is gone. That is how we could see the QA program to go and if that is true, a loss of 41.3% might have been optimistic, but it remains speculation. The article (at https://www.bloomberg.com/news/articles/2018-02-28/slowing-euro-area-inflation-helps-draghi-push-back-exit-debate) now gives the other parts I mentioned earlier too. With “consumer price growth almost halved in Italy and slowed in Germany” giving the line I had that with unemployment in Germany being an asset, but this slowing and 50% less gives rise to more without a job, or halted in economic growth for Italy, whilst Germany is halting to some degree their forward momentum, which translates in upcoming bad economic news cycles, or better stated less positive ones, so how will that impact the outstanding $3 trillion? The impact is only seen when that amount is due, but the impact will be there and those who pushed it onto us will no longer be around and they end up washing their hands off the dangers and leave us to pay the outstanding invoice, it makes for the most dangerous of market karts.

With ‘Buy now and pay when we make the most profit!‘ is an economic standard that has never been good commerce, or realistic for that matter; but that is exactly what Europeans signed up for, and the people in Europe end up not getting a say in the matter. That is the issue I opposed all that time and that is why I hope that the UK got out in time, because that part will drag the EU economy down to a degree it has not seen before. The only worry is what happens when that issue hits the European tax payers, because it will! No doubt about that!

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February 18, 2018 · 14:59

They had been warned

Only hours ago, the NY Times gives us a part that wants to makes me want to go ‘I told you so!‘, but I will not. With ‘The U.N.’s Uncomfortable Truths About Iran‘, Nikki Haley gives us the goods from a report published a week ago (at https://www.nytimes.com/2018/02/17/opinion/nikki-haley-united-nations-iran.html). The quote: “A panel of experts found that Iran is violating a United Nations weapons embargo — specifically, that missiles fired by Yemen’s Houthi rebels into Saudi Arabia last year were made in Iran“, part of these issues I raised in ‘Disney’s Yemeni Cricket‘ (at https://lawlordtobe.com/2018/02/04/disneys-yemeni-cricket/) two weeks ago. The part I had not looked at is seen in Nikki’s article. She captures it perfectly in: “The mullahs in Iran don’t want to hear this news, because it proves Iran is violating its international agreement. Die-hard defenders of the Iran nuclear deal don’t want to hear it because it proves, once again, that the Iranian regime can’t be trusted. And some members of the United Nations don’t want to hear it because it is further proof that Iran is defying Security Council resolutions, and the pressure will be on the U.N. to do something about it“. Yet, the UN is not acting, is it? The Guardian on Jan 11^th gives rise to the ‘need’ that the US is not tearing up the Iranian nuclear deal. With “the three EU signatories to the deal insisted that Iran was respecting the agreement signed in 2015” they are making a reference to the UK, France and Germany. The fact that we see: “Federica Mogherini, said the deal, denounced by Trump as the worst ever made, had in reality “made the world safer and prevented a potential nuclear arms race in the region”“, which might hold some truth in regards to the fact that it was the worst deal, but that is pretty much it. In addition she gives us “any doubts the EU harboured over Iran’s development of ballistic missiles, or its overall policy of interference across the Middle East, were separate from the nuclear deal – also known as the JCPOA“. Now the part in the Guardian happened a week after the actual attack. I think that the entire event is a sham. I think that the three nations had been clearly briefed on the entire Houthi matter, as well as the fact that the three parts that Nikki Haley gives us is on par, the EU is merely in denial, because after all the wasteful blunders and failures they had signed up for, another failure is a lot more than any of the three could handle. The intelligence services did what they needed to do, but here it is again short-sighted side in all this, whilst they remain nationally protective, for now that is.

So is that true?

Well that is the issue. Apart from e not having the original texts, there are a few issues that Nikki is completely correct in, yet in the end she is not (not completely at least). When we look at United Nations Security Council Resolution 1929, we see “The resolution updates and adds to the list of technical items related to nuclear and missile proliferation that are banned for transfer to and from Iran“, which makes the view of Nikki Haley correct, then there is “Iran is subject to a new regime for inspection of suspicious cargo to detect and stop Iran’s smuggling. States should inspect any vessel on their territory suspected of carrying prohibited cargo, including banned conventional arms or sensitive nuclear or missile items. States are also expected to cooperate in such inspections on the high seas“, so is this enough, can we state that the arming of Houthi’s in Yemen is a ‘smuggling operation’, or ‘a classified shipment’ in support of Houthi’s? You see, the classification is everything in this limelight.

The resolution holds a lot more, yet most of that is directed at shipments to Iran and/or nuclear materials. Yet now we get to United Nations Security Council Resolution 2231, which makes the view of Nikki Haley wrong. Here we see: “Resolution 2231 calls for Iran to refrain from activity related to nuclear-capable missiles (“Iran is called upon not to undertake any activity related to ballistic missiles designed to be capable of delivering nuclear weapons, including launches using such ballistic missile technology“, however, the Deutsche Welle give us: “according to diplomats the language is not legally binding and cannot be enforced with punitive measures“, so basically, Nikki is in spirit very correct, yet in black letter law, there is no clarity and more important, no punitive option. In all this, we see that top EU diplomat, Federica Mogherini was correct.

In the spirit of it all, Iran seems to become a bigger player and a much larger danger to any level of Middle Eastern stability. Nikki ends the article with “Today, armed with this evidence, we have the chance to rein in Iran’s behavior and demand that it live up to its international agreements that discourage conflict. But if action is not taken, then someday soon, when innocent Saudi civilians are killed by Iranian weapons, the chance for peace will be lost.”

I am not sure of that, you see, just like Turkey, Iran will do whatever it pleases and the US knows that, as did the three players (UK, France and Germany), who are desperately trying to hold on the JCPOA (Joint Comprehensive Plan of Action) like it is the golden fleece.

However, only 4 hours ago Reuters treats us to: “Britain, the United States and France want the United Nations Security Council to condemn Iran for failing to stop its ballistic missiles from falling into the hands of Yemen’s Houthi group and commit to take action over the sanctions violations, according to a draft resolution seen by Reuters“, with “The U.N. Security Council has banned the supply of weapons to Houthi leaders and “those acting on their behalf or at their direction.” It can also blacklist individuals and entities for threatening the peace and stability of Yemen or hindering aid access” we see the other part the Nikki mentioned and here she is proven right. Even as Iran claims that it is fabricated, there is enough evidence, that the parts are indeed from Iranian missiles, which invalidates their side in all this. The most striking part is the part that both Nikki Haley and Reuters are giving us and that part seems to be ignored by too many. The mention of: “Some members of the United Nations don’t want to hear it because it is further proof that Iran is defying Security Council resolutions, and the pressure will be on the U.N. to do something about it” is a much larger issue. Is it because they are unwilling to act, or has the coin toppled in the many outstanding issues in play and the UN is now unable to do anything?

That part is more important, because that means that the UN has no longer options to set issues against rogue nations like Iran, it could be a renewed signal for North Korea to do whatever it pleases as well and that could give more worries regarding stability in Far East Asia as well.

The question becomes can the situation be diffused? Should Iran comply and seize all missile shipments, it will change the Houthi field. They will not win (they never could) but a larger consideration to remove Houthi forces and start larger humanitarian aid would become increasingly more realistic. The bad side is that the Houthi’s would go underground so the humanitarian aid groups would have to deal with sabotage and armed strikes on a daily basis if no green zone can be established. That part is also no longer a real issue as we got only a few days ago that civilian life in Aden is safe, stable and calm, with all signs of life returning to normal, almost three years after diplomats and UN staff fled Aden. Saudi Ambassador to Yemen Mohammad Al Jabir also mentioned that recent demands made by a single social strait, which later led to clashes, have been calmed and resolved. We get this from the Asharq Al-Awsat Newspaper (at https://aawsat.com/english/home/article/1170916/saudi-ambassador-yemen-says-arab-coalition-proved-efficiency-resolving-aden), the issue now becomes, will Iran back off, or continue in its actions to remove stability from the Middle East, that alone gives support to Nikki Haley and her view regarding Iran, If she is proving correct and Iran remains on the path they are now, we should consider that soon enough, the JCPOA will not be worth the paper it was printed on, because if Iran can play games to this extent, there will be absolutely no guarantee that Iran will not break word and move on their path to enrich Uranium, I have no doubt in that regard, the issue has been diminished to a mere when they will start, there is no longer an ‘if’ in the matter.

In my view, these matters are only increasing stresses and pressures between Israel and Iran, they were never cordial, but now they are at an all-time high on the volatility aggressive response scale and that is mainly due to the Syrian issues in play. This now gives more and more rise to the dangers of escalations and the moment this happens all bets are off. The Guardian gives us: “Emboldened by a belief that Assad is winning, Iran is turning its eyes, and guns, on Israel – or so Israeli leaders believe. Their “red lines” – forbidding a permanent Iranian military presence in Syria and the transfer of advanced weapons to Hezbollah – are being ignored”, Another source gave us much earlier (November 2016) that “the Chief of Staff of the Iranian armed forces announced to commanders of the Iranian fleet that Iran may establish naval bases in the future far from its shores”, which was Major general Mohammad Bagheri at that point, in that address both Syria and Yemen were raised as options. Now, if this is happens in Syria the IDF would reacts and Iran will plunge the Middle East in another war, if it is in Yemen, there is every indication that this will set off the legitimate Yemeni government as well as Saudi Arabia optionally starting a war with those players, giving again full support to the views Nikki Haley gave earlier, more important, at that point any UN representative avoiding that discussion better give up their seat quick and proper as the fallout of that discussion will impact the confidence levels of the UN on an almost global scale and it again would open the door for North Korea to do whatever it pleases. A scenario that roughly 98.4% of the UN nations who are currently part of the UN will not be too happy about either.

As I personally see it, too many issues have become interconnected, it has become a mess that several nations want to steer clear off, they want to ignore it and/or they remain in denial. It would make for an excellent front page though, when the moment comes and we get to read ‘UN in denial of Iranian actions’, how will you react?

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February 16, 2018 · 12:45

That pathetic sign

The guardian gives us the news with ‘Grieving Florida community pleads for end to gun carnage after mass shooting‘ (at https://www.theguardian.com/us-news/2018/feb/15/florida-shooting-suspect-charged-questions-nikolas-cruz), actually the news is not new. They have been on top of it since it happened just like any decent news agency would. It was the image this morning, the image of a man holding a sign ‘NRA please stop killing our kids‘ that set me off. A sign so pathetic that I had to speak out! You see, the National Rifle Association does not kill children, people kill children! It is a simple and basic concept. If anything, I would optionally be a member of the NRA if I was in America. You see, I love rifles. The army trained me (and trained me well), I have been a member of the shooters association for a decade and if it had been a possibility, I would have been a hunter too.

Why was I not?

You see, I grew up in the Netherlands. I got some of the highest scores when I was an active shooter and the club I was a member of, were equally driven to excellence. On several events we could have forgone showing up and still end up with the annual cup. Now, I was by no means the best shooter, but our scores put all others merely in the shadow of our scores. We were all finely coached and aware of the fire arms law (which is a lot more constricting than the US, UK or Australian laws will ever be). A rifle is a tool, merely a tool and that is how it is to be used, whether we use a fire arm for target shooting, hunting or other needs, and as for the hunting part. I never really hunted like others; you see the Netherlands is not really a hunting country. It is the size of New Jersey with over 17 million people, so even if I went to the most remote part of the Netherlands and shoot a bullet in a random direction, there is still a chance that I would accidently hit a person. So those who are into hunting will go to France, Sweden or Germany. In this, I myself have a code, if you hunt, only hunt what you will eat! If that is not your goal then you become no more than a basic wannabe killer, and who needs those to be around? So if there would be hunting for me, I would do it in Sweden, because I do love my Bambi burgers, venison is the good life for me! So this is about me, which in light of all this is important.

So back to that pathetic sign!

I understand that parents and direct friends will be angry, they are driven by emotion. I get that, the man with the sign is merely seen by me as a man pointing a finger in the wrong direction, optionally intentionally doing so.

When you see some of the articles, you can see that this is a person with anger issues, with other issues and if he did not have a rifle, he would have acted out with pipe bombs or something similar. The ABC gives us: “Chad Williams, 18, a senior student at the school, said Mr Cruz would set off the fire alarm, day after day, and got expelled in the grade 8. More recently, Mr Williams saw Mr Cruz carrying several publications about guns when they ran into each other at the high school“. My issue here is that I had at times the Guns and Ammo a few times when I was a lot younger, does that make me a danger issue? OK, I don’t remember ever setting of the fire alarm, yet that shows us a person with perhaps some kind of an attention disorder, we can equally opt that he was some kind of pranker with a lack of imagination, or merely a person trying to skip classes regularly. None of this breathes school massacre initiator. So as we see the part from Senator Bill Nelson as briefed by the FBI: “He said the shooter wore a gas mask as he stalked into the school carrying a rifle, ammunition cartridges and smoke grenades, then pulled a fire alarm, prompting students and staff to pour from their classrooms into hallways“, now from the previous part to the part now (that is not being questioned by me), is still a part in the middle and that is the part that counts. Nobody and I state again nobody suddenly starts doing that, something set him off and it was not an in the moment thing. He was prepared, had smoke grenades, additional cartridges, additional ammunition and a gas mask. So he had made preparations, so there are two parts missing, and we can accept that they might be missing for now. So let’s keep on checking the sources.

CNN gives us a little more, especially the part from attorney Jim Lewis. He gives us: “The family took Cruz in last year after his adoptive mother died. Cruz was depressed, Lewis said. The family’s son knew Cruz, so they opened their home, got him into a GED class and helped him get a job at a Dollar Tree“, this is a reference to the family too him in after he lost his adaptive mother died. So he was receiving signals that people around him cared. It also leaves me with additional question on how he got the weapons and where from. It was not merely the depression, we also get: “Cruz had shown him guns, and other students say they worried he was violent“, where were these shown to them? It seems to me that this is a clear red flag, now the kids who it was shown too is not to blame, but that signal should have been passed on to others. The article (at https://edition.cnn.com/2018/02/14/us/nikolas-cruz-florida-shooting-suspect) ends with: ““They care about this kid. They took him into the home,” the attorney said, “but, as the mother told me, if they had any inkling … that this kid was capable of something like this, they never would’ve brought him into their home.”“, a response that makes sense and as we realise that he was not the only kid in that family, there is even more cause for concern, because there are several clear indications that he was hiding it all from everyone, which gives (from my non-medical insights) cause for concern as he seemed to have deeper levels of paranoia.

Insider news (at http://www.thisisinsider.com/florida-shooter-nikolas-cruz-bought-ar-15-legally-2018-2), gives us a little more. When we read “Cruz bought the semi-automatic rifle about a year ago, and law enforcement agents said it was done legally“, yet the timeline is now an issue. The events happened around the time his adoptive mother died, even as we accept that every person is innocent until proven guilty, the data should have raised additional flags, the question is whether the police have these kinds of data or authority to get them. If we accept the red flags as were admitted to be the case earlier. CNN had given us “Cruz had a gun. The family knew that, but they had established rules. He had to keep it in a lockbox in his room. Cruz had the key to the lockbox“, which is fair enough. However, in the beginning it gives: “Before he allegedly committed one of the worst mass shootings in US history at a Parkland, Florida, high school on Wednesday, police officials say Cruz wrote social media posts so threatening he was twice reported to the FBI” the two show the picture, no matter how innocent, the second quote should have had someone look into the data, showing he had a rifle and it was purchased around the time his mother died. This data should have been readily available. The death of his mum as public record, the purchase of the rifle as they should be recorded together with the background check and the red flag could have given the FBI the signal to give that data to local police forces to investigate. It is actually that simple!

The fact that these end up being non actions is for others to look into, yet the one thing that was stupid is to merely blame the NRA. It would be like me slamming a basketball into someone’s face until they die and blaming the NBA for showing games on TV, as I see it pointless, ludicrous and utterly stupid.

Yet we are still left with the notion on the trigger. Even as he (allegedly) went on social media to become a “professional school shooter“, the act of seeking attention in violence and chaos was set off somehow, a rage, mistreated, some suggest jilted love, whilst the last one would make me sad, and some might get angry. I am not sure what set him off, but from that moment there would be the FBI notion that he started his preparations and the outburst in the school might be him seeking attention, the fact that he allowed himself to be captured alive could be indicative of that (but I is no shrink, so I is not knowing for certain).

It is actually Fox News (at http://www.foxnews.com/us/2018/02/15/nikolas-cruz-school-shooter-comment-reported-to-fbi-months-ago-vlogger-says.html), that gives us some parts that were reflected in the previous articles, yet they fly with the parts focused on it. The title ‘Nikolas Cruz ‘school shooter’ comment reported to FBI months ago, vlogger says‘, gives weight to the view I had regarding the available data, yet they also give us: “After conducting database reviews, however, the FBI said it could not identify the user who made the comment“ a part that is new. If that is truly the case than it means that Nikolas Cruz had done above basic things to remain ‘less traceable‘, with “Ben Bennight said he reported a comment made by user Nikolas Cruz that stated “I’m going to be a professional school shooter.”” and the fact that it was on YouTube and given to the FBI, the fact that this profile was made with his actual name does not make it easier, but it gives rise that a few more facts should have been available to the FBI as well as to Google, so there is a system flaw here. So, Bennight, a Mississippi bail bondsman did the right thing, reported it and the FBI was there the next day. In this my question becomes, why give that quote to a bail bondsman? It seems to be a cry for attention, but was it asked or shouted in the right direction?

The Fox News article shows that the FBI reacted and acted as far as they could, the question becomes why parts were missed. I am not claiming it was intentionally so, I am questioning how Nikolas Cruz, who seems to have been seeking attention, was not higher on the list to be found. If I had skip traced the Google account, how far would I have gotten? Was there a Google+ account? What else had he watched; and who else was connected to him? Could the FBI have asked Google the data on what interactions the ‘Nikolas Cruz‘ account could have made? So, when we get to ‘the right to privacy‘, we need to look back at the man holding the ridiculous sign blaming the NRA. He wanted his right to privacy and he got it, along with all the other Americans and that also got 17 people killed. Is it not interesting that this part is not shown anywhere on the media? It seems so much fun to point and blame, to go after the NRA, in this case making a case for ‘white supremacist referencing‘, but there too there was cooperation. Even as I am not approving of white supremacists, as they all tend to be racists in the first degree, yet I want to know more and a local news station gives us more on the Republic of Florida group (at https://www.local10.com/news/parkland-school-shooting/what-is-the-republic-of-florida-militia), they a start with the 10 codes that they need to obey. The part that got to me was seen in the second code. With ‘The group’s site states that members can consider people of other races allies, but they must not “sexually mix with them or pretend that we have no differences.”‘, I see something I had not expected, they seem to not be focussing on hate, but on finding themselves better than others, which is a foundation of white supremacy, but most non-Americans have only seen what some call white-power in league of hatred towards others. It ends with “ROF has members in north and south Florida and “borrows paramilitary concepts from the anti-government extremist militia movement.”“, so there is no interview, no captions or talks to other members. It seems to me that the foundation of the ROF is to grow as a political party. This would require more members, yet their setup is not openly hatred based, so over time we will see the name ROF pop up more often. The article also links to Florida Governor Rick Scott stating that ‘everything is on the table’, you see he cannot alienate the NRA, but something has to happen, and there is too much emotion on it all. In my view he needs to look at the data captures, the data available and the missing data in all this, more important as signs were given that the FBI knew long in advancement, there will be questions on how this was not stopped in time. Even as the Republican is getting ready to go up against Democrat Senator Bill Nelson, we need to be cautious of any politician at this stage, with upcoming midterms we need to be aware that events will be misrepresented to a much larger degree and any issue will be deflected under the guise of ‘miscommunication‘, yet that is just my personal view in all this.

And in all this there is still the given that there was nothing wrong with the people of Florida in all this, the fact that two teachers, Football coach Aaron Feis and Geography teacher Scott Beigel as they decided to act as human shields trying to protect the students. I find that important as there is more and more evidence that the school, the adoptive parents all show a level of care that is more outspoken than we usually see. So in my eyes the people surrounding Nikolas Cruz never failed Nikolas Cruz, Nikolas Cruz failed them all, no matter how his mindset was or how he got there. there is an abundance of shown care that gives voice to the fact that to some extent the system alone is left with a degree of blame, not the NRA, not the ROF, not the school or their teachers, in the end Nikolas Cruz could have been able to prevent it all by telling someone ‘I have a problem!‘, he alone as an ‘adult’ decided not to do that.

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February 15, 2018 · 13:31

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 26^th 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 15^th, 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.

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Tagged as Angela Merkel, Ayse Duzkan, Belgium, Brexit, Deniz Yücel, Denmark, Deutsche Welle, Donald Franciszek Tusk, ECFR, ecretary-General Jens Stoltenberg, Emmanuel Macron, Eu, European Council on Foreign Relations, FETÖ, Fethullahçı Terör Örgütü, Financial Times, France, Gülen movement, Huseyin Akyol, Huseyin Bektas, Italy, Juncker, Luxembourg, Mario Draghi, Millî İstihbarat Teşkilatı, MIT, NATO, Norway, Paralel Devlet Yapılanması, PDY, Portugal, Ragip Duran, Recep Tayyip Erdogan, Selahattin Demirtas, Spain, Syria, the Netherlands, Turkey, US

February 8, 2018 · 14:48

A Turkey problem

We’ve all had them around thanksgiving, the turkey was still too deep frozen, the filling was incomplete and the oven was not firing up to the right temperature. In the US these are at times regarded as mum’s worst nightmare. Thanksgiving is a day when mum shines and her dinner is heralded and dreamed of for many nights before and a few nights after as well. No, this is not about the plumage; this is about that nation that is trying to basically piss off anyone they deal with. The first is seen (at http://www.france24.com/en/20180207-turkey-says-it-has-met-eu-criteria-visa-free-travel), where Ibrahim Kalin stated that “that Turkey had submitted all related documents to EU officials ahead of an EU-Turkey summit in March“, a Turkish official gives us: “the country has fulfilled all 72 requirements set by the European Union to secure visa-free travel for Turkish citizens to the 28-nation bloc“, this whilst we know that ‘Turkey had failed to meet the 72 criteria, including amending anti-terror laws‘, we might go so far as that of those criteria the bulk had not been met and with the additional issues now in play, there was never a more prompt moment to deny the visa-free travel options. More important, stating that ascension to the EU would not be possible within the next 50 years would equally not be out of the question. The Turkish approach to ‘securing’ Europe as discussed (at http://theconversation.com/turkey-is-using-syrian-refugees-as-bargaining-chips-as-it-moves-against-the-kurds-90904) is beyond tasteless. As I stated before, the acts by Turkey going back as far as 2002 are shown to be unacceptable. The larger issue is why Europe seems to continue to ‘find’ ways to reopen talks whilst the bulk of 72 requirements have not ever been met, even worse, their actions in Syria, their involvement with Qatar and semi union with Iran makes the matter worse. It makes a case that Turkey is the larger security threat for Europe.

The fact that Turkey is so corrupt that immigrant threats get to walk through Turkey, or via Turkish smugglers makes matters worse. Yet, there is no such mention at this time. Even more unnerving is the fact that there is still a meeting. The Commission confirmed Wednesday that Erdogan will meet in Varna, Bulgaria, on March 26 with Commission President Jean-Claude Juncker, European Council President Donald Tusk and Bulgarian Prime Minister Boyko Borissov, whose country holds the bloc’s rotating presidency. What takes the cake was the quote Commission spokesman Alexander Winterstein said the talks will focus on “subjects of mutual interest and recent developments in Turkey. That includes obviously the rule of law and fundamental rights“. Knowing that Turkey has only two elements on the brain, I wonder how this can end well. The EU is getting truly desperate. It is still facing Brexit and the news and the bitterness of Europe is showing them to be spiteful in every way. is that not nice to know that some place that ‘pretends to value’ freedoms, will not honour those who are no longer interesting in its membership? As I personally see it, the levels of corruption that flow through the ECB gravy train is making people nervous, because that part is becoming clear that this train has to stop functioning. the Financial Times (at https://www.ft.com/content/ade8e020-0b50-11e8-8eb7-42f857ea9f09) voices it in light of ‘non-compliance’, the quote “The five-page text (UKCompliance), circulated to EU member states by the European Commission and seen by the Financial Times, sets out how the EU plans to make Britain abide by union law until December 2020 while excluding it from decision-making“, does that sound like amicable? As the article states, it basically reduces the UK to a slave state having to enforce laws designed in the foundation of utter stupidity, whilst not getting a say in the matter. So, as that is pushed upon the UK, with the optional worse decision to continue talks with Turkey, The EU is basically setting a warm fire where the UK can decide to go postal, take the cold Brexit and cut all ties. The tidal wave of chaos that Turkey is likely to bring soon thereafter will make UK the best trade solution for Western Europe and Scandinavia. The document also emphasises that London must refrain from any “action or initiative which is likely to be prejudicial to the Union’s interests”, which sounds nice on one side, but the act that judicially for the UK is the national notice that counts, and that is the setting of any judicial setting in its national origin, it is not for the European Union to set that as anti-Union. Even more pronounced that in itself would constitute another reason for Turkey not to be allowed within the European Union as such. Should that be set aside for consideration, it could invalidate the terms for the UK to abide by, which is a small blessing in disguise.

It is the Financial Times, who in light of Brexit shows that Europe is filled with duality. The economic pressures it faces and the facilitation it requires as it has been playing the monopoly money printer at large for all causes worthless and overvalued. This is seen in several ways. In the first the ECB remained quiet on Mario Draghi and the G30 club, the media has silenced any actions since January 17^th. In addition, Bloomberg reported “Mario Draghi said the European Central Bank has no choice but to brace for the possibility that the U.K. will exit the European Union without a transitional agreement“, form my point of view, the 5 pages that the Financial Times initially gave us, and that likelihood is only increasing. Perhaps having a few spiteful children on the Brussels side was not the cleverest of options as I personally see it, but then again. It is merely my view that some of these players want to continue their gravy train, a debatable view to say the least. Even as France has been outspoken and opposing any Turkish ascension to the European Union, there has been a silence from several other players. The fact that the Bulgarian meeting is still on for now, that in light of the Turkey violating international Law in Syria is also light for concern. The Jerusalem Post gives us “Speaking on BFM television, Jean-Yves Le Drian also said there were indications Syrian government forces were using toxic gas against civilians although the UN would need to confirm that“, that might be true, but at this point is Turkey also involved in those actions? Because that is the evidence that matters! You see the quote “Le Drian said international law “is being violated by Turkey, by the Damascus regime, by Iran and those who are attacking eastern Ghouta and Idlib”. His remarks amount to France’s toughest line yet on Turkey’s involvement in the Syrian conflict” might hold water, but only if clear evidence is given that Turkey actually broke international law. You see, from one point of view Turkey was not barred, stopped or told to leave by what should still be regarded as the legitimate government of Syria, as such Turkey ends up having an actual defence against the French claim and that could remain to be an issue. The fact that other papers are voicing the identical quotes does not make this issue more so true, the presentation of evidence does.

So even as Ankara is not meeting some thanksgiving any day soon, it basically soured the waters with the US, France, optionally Germany, Saudi Arabia and a few other members of the European Union. And there was I thinking that only Napoleon was stupid enough to wage a war on two fronts, oh no that Adolf dude made the same stupid error. Anyway, as things go we will see more news soon, because the entire march meeting even as the Netherlands has withdrawn its ambassador to Turkey, we see the Dutch former NATO secretary Jaap de Hoop-Scheffer mention that ‘Turkey is too important for the Netherlands and the Netherlands are too important to Turkey‘, the economic fires are pushed to a higher level, there is nothing like a former official to voice the needs that politicians are not able (read: allowed) to make. The ECB and its gravy train must continue. That is the imperative that the 28 bloc nations are trying to rephrase so that certain questions are not asked. I personally believe that it is all in extremely poor taste. In another source (Dutch Newspaper: Trouw) we see the Dutch Lily Sprangers, former director of the Turkey Institute in The Hague state: “Die problemen zijn geen reden om geen betrekkingen te onderhouden” (These problems are no reason not to maintain relationships), sounds nice in theory, yet when the Dutch fascist JanMaat was about to get elected you (read: the politicians at large) did not follow on that idea to improve options, you tried to silence it to death, when he ended with 3 seats you all united to get that undone. It all seems a little two-fold in the light of the events that are happening.

The Dutch have been trying to improve relationships, which remains valid and they are not the only one, but in light of the 72 non-achievements to get some report going so that they could be included in light of the hostilities shown towards Brexit, gives me the shivers. A club of inclusion tends to be the most dangerous kind, because (as I personally see it) it allows for the utter corruption of ideals that should have excluded parties from the very start.

So then the media reports on the March 26^th event. Will I still sound wrong to you, or is that and the lack of response by the ECB on the G30 club a clear signal that a lot of things are wrong in Europe and Brexit might have been the one sane move to begin with?

Did I oversimplify issues again?

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