Tag Archives: France

December 8, 2015 · 20:17

Pen Cil le balancement Élysée Palace

The lashes from Marine Le Pen are now swaying the presidential Palace (massively lose translation). This is not a joke, not a quaint reference. It is the direct consequence of European inaction for well over 2 years.  The people have had enough and now, fear is becoming key with the politicians who are relying on Status Quo. The issue goes a lot deeper than most realise and with the acts as shown in the last few days, the boomerang effect that those politicians are achieving could give Front Nationale from Marine Le Pen an even bigger rise.

Consider the following information from the BBC (at http://www.bbc.com/news/world-europe-35025846) “The nationalist FN got about 28%, ahead of the centre-right Republicans party led by former President Nicolas Sarkozy, which polled just under 27%, and the governing Socialist Party (PS), trailing with 23.5%“, in addition, consider the Guardian (at http://www.theguardian.com/commentisfree/2015/dec/07/marine-le-pen-front-national-france-cowardly-elite ) with “The fact is that France has failed to adapt to the challenges of globalisation. Its education system, for example, is stuck. Studies show that the lycée system increases social inequalities instead of reducing them, which means it is utterly failing in its republican mission to act as a social ladder“, this are just two of several issues that are in the main field of consideration by the French. I am not even getting close to the attacks in France or the Refugee issues in France. Instead, see the actions in opposition, again from the BBC, now at http://www.bbc.com/news/world-europe-35035230. Here we see “His Socialist Party (PS) has withdrawn from the second round in two regions to unify the anti-FN vote“, there he is moving away so that HIS opposition can yield more points against Marine Le Pen!

Are you freaking kidding me?

So even before the elections, party B gives their optional seat to party C, because it is afraid that Party A gets too many votes. How is that not treason against your own voters, how is this anything else but a group of people demanding to stay in the main seats and as such they are aggregating votes. In the past I spoke about one of the most powerful non-American economic wielders. The name Natixis, last year they stated (at http://philippewaechter.en.nam.natixis.com/2014/04/07/issues-of-economic-policy-in-france/) “The chart clearly shows that the GDP profile is conditioned by the private demand. Government demand has a positive but monotonic increase of its contribution. Contrary to private demand there are no fluctuations. Net external demand has a negative contribution which is consistent with larger external deficit on the period. There are no surprises in the decomposition“, well spoken by Philippe Waechter, chief economist of Natixis Asset Management. In addition he stated “The stronger private demand could go through incentives for consumers or for companies. Currently, it would not be efficient to go through households. Last year, there was an interesting situation. There exists an instrument of profit-sharing in France (l’épargne salariale). The rule is that employees have to keep this amount of money on a specific account for five years. But from time to time a government wants to use these important amounts to support consumption expenditures. That’s what was done in 2013. It was not a success. Households have kept their saving on their account and have not spent more. A stimulus policy that, at this moment of the cycle, goes to consumers would probably be counterproductive and would fail to boost economic activity“, this now gives us part of the statement from the Guardian in the title ‘France’s cowardly elite is to blame for the rise of Marine Le Pen‘, which comes from Natalie Nougayrède. It is her last paragraph that is the issue “Marine Le Pen has no solution for France’s problems, her economic programme is all about retreating from the outside world and Europe. Her social vision is of a mythical, homogeneous France that never existed. What she has to sell is an illusion. It’s only because so little else is on offer that people are buying”

You see, as I see it: “Marine Le Pen is realising that an unaccountable wave of government is no solution for France’s problems, her economic program is all about cutting of these irresponsible spenders and gamblers who speculate and end up personally rich no matter how the end result falls. Her social vision is of a mythical, homogeneous France that cannot exist as European governments are not held accountable for massive overspending, including previous French presidents. What she has to sell is a nightmare for the exploiters as their gravy train ends. It’s because the damage has been too extreme that the French are considering an extreme change, in their view it is very unlikely to get any worse“.

It is all about the point of view and the fact that current politicians are too afraid (or made to fear) the change that coalitions for partial France are considered out of fear of the upcoming victory of Marine Le Pen.

Now reconsider the words by Philippe Waechter “from time to time a government wants to use these important amounts to support consumption expenditures“, which in itself is not an issue, France is not the only country doing this, many nations have done this in the past (and are still doing it at present). Yet France has been overspending by 5 trillion, which leaves the French people with no options whatsoever, this also means that new venues need to be sought and that has been delayed by too much through too many, which is exactly why the people are desperate for change. The step that follows will impact Europe in many ways, because the first one who leaves the Eurozone might get a deal, yet there will be no price for second place, which is why the Brexit vs Frexit issue is so strong all over the field. You see, when France moves out, the UK and Germany will have no options left, they will have to decide sooner rather than later. Because from the three in the field (UK, France, Italy), leave any one out and that millstone named Eurozone will kill the other two who are left, which will be a massive crises that follows. It also scares the US to no end, so we will hear many ‘phrased’ articles and stories all over the field.

In my view, PM Manuel Valls made a massive mistake, by trying to split France between himself and Sarkozy will only strengthen the fear of them and the willingness towards Marine Le Pen and Front National. Will I be correct? That truth is only a matter of time, but I feel that the early hours of the second round of regional elections will quickly show me to be either correct or wrong, my ego makes me choose option 1. The two regions here PS (Parti Socialiste) is pulling out is clearly in hands of the Le Pen family, with over 40% of the votes, By pulling out the party of Hollande hopes that their 23 percent will add themselves towards Sarkozy who has 27%. Such cowardice should not be rewarded! Whether the French voters will realise this remains to be seen, but I reckon that the Le Pen family will be adamant to inform the voters of this. The fact that both Hollande and Sarkozy are scared of the beautiful niece of Marine Le Pen who rules south Eastern France at present has less to do with looks and more to do with the fact that the parliamentary candidacy of Marion Maréchal-Le Pen for Vaucluse’s 3rd constituency was publicly confirmed on 25th April 2012 is pretty much a given. She will have 4  years of experience (at the youthful age of 26) when the elections are up. The fact that she grew from 2008 where she got no seat and 6.29% of the votes whilst now in the first round she took 41% of the votes should not be overlooked either. I cannot state that I know a lot about her, but I don’t believe for one minute that it is about her looks, as the French are used to good looks. France is about business and the fact that the Le Pen family now lead 6 out of 13 regions is a clear indication that the French population is voting a ‘no confidence vote’ to the failed economies of both Sarkozy and Hollande; they are desperate for an improvement and kicking Europe out of their decision line seems to be comfortable to the voters at present. I am not certain whether I can disagree with that view.

The game for the French is about to change in a massive way, I wonder how France will impact the EEC, because they will have a massive impact, just envisioning this is part of the problem, the situation is currently very unique, even (read: especially) for France. In the end, I still believe that this would not have happened to the degree it has, if the EEC had taken a much firmer stance on Greece, that is the side of the EEC that escalated many issues for too many players. Should you doubt that, than consider Italy’s  Lega Nord with Matteo Salvini at the helm, who is labeling the euro as a “crime against humanity”. A party that had zero chance in 2012 is now an actual contender for the Italian presidency.

All this because of a warped need for an economic Status Quo.

 

Leave a comment

Filed under Finance, Media, Politics

Tagged as , , , , , , , , , , , ,

December 5, 2015 · 11:13

Perception

Perception is an essential need for all of us. Yes, it is used in videogames where the power of perception allows us to see our foes approach earlier (Fallout series), or it allows the game to play with our minds as floors become ceilings and where statues follow your every move (Eternal Darkness: Sanity’s Requiem). Just two of many options, but this is not about gaming or about a videogame. You see perception allows us to perceive the events as they take place. From my perception it is clear that the events in Martin Place were never terrorism, it was merely a case of a mental health crises with a hostage situation and that person happened to be a Muslim.

The events in France were clearly terrorism, it is that clear view that we could all watch that diminished whatever terrorism claim existed over Sydney, and perception does that.

But what about San Bernardino?

You see, that is not a question, it is not THE question, but it is an essential question. The guardian (at http://www.theguardian.com/us-news/2015/dec/04/san-bernardino-shooting-tashfeen-malik-isis-connection). Here we see that the FBI is investigating this shooting as an act of terrorism.

To their support we should consider

  1. Suspects attempted to destroy ‘digital fingerprints’
  2. Tashfeen Malik allegedly made pledge of allegiance to Isis in a Facebook post on day of the attack
  3. FBI director James Comey said that there was “no indication that the killers are part of an organised larger group or form part of a cell. There is no indication that they are part of a network.”

In the first three elements, it is important to realise that the first one gives view to premeditation.

These three need to be kept in mind, yet the main issue is not just those three, now I need to push a few quotes together, so you see the view that I also perceive to be.

“Tashfeen Malik, 27, swore fealty to the terror group in a Facebook post on Wednesday, the same day she and her husband, Syed Rizwan Farook, committed the rampage” is part one, which we now connect to “David Chelsey, a lawyer for Farook and Malik’s family, said many details “do not add up”. “There are a lot of disconnects and there are a lot of unknowns and there are a lot of things that quite frankly don’t add up, or seem implausible,” he told CNN. “It doesn’t make sense. No one has ever seen Syed with any of the things – with some of the things found on the scene, they’ve never seen them with him. The pipe bombs, for example. No one had ever seen him use or have anything like that,” he said“.

Now we get the issue at hand. If we accept David Chelsey’s words as absolute truth, we are faced with at least two scenarios that are a lot harsher than you might consider at present.

  • In the first, is David Chelsey in absolute lawyer mode? So to say, if the families Farook and Malik require isolation from the events, this is the play to make, which means that his clients might not have told him the truth. They might not have been lying, but that is not the same. Yes, it is possible that they never saw a pipe bomb, but that does not mean that they have not been privy to eccentricities like buying goods in the middle of nowhere when you can buy the same items 15 minutes away from their home. The lawyer might just be doing his job, but in equal measure he is aiding in changing a view from realistic to an intentional attempt to misinform the federal authorities, or more precise his clients are. It is an additional view towards premeditation in the worst case, and an intentional act to colour the glasses of those trying to sway the public.

Why am I stating this?

Consider you are a parent and your child picks up a gun and kills fellow schoolies and teachers, how would you react? When we have a mental health case like Sydney that view is one we can all understand, but what if your child shouts allegiance to Abu Bakr al-Baghdadi, now it becomes a different game, now the parent does whatever he/she does not to lose their own sanity. Can you blame them?

So is the FBI confronted with a case where the family was unaware, in denial or hiding their involvement/ we can state that the lawyer is not helping any of it, but that is not his fault, the FBI’s job does not get to be any easier!

  • In the second, when we consider the acts from Malik, who was born in Pakistan and travelled on a Pakistani passport, and recently lived in Saudi Arabia. She apparently met Farook online. In addition, the participation of Syed Rizwan Farook now ups the ante in all this. In addition we read “Christian Nwadike, who worked with Farook for five years, told CBS that his co-worker had been different since he returned from Saudi Arabia. “I think he married a terrorist,” Nwadike said“, so here is the issue, how did Christian Nwadike know? I am not stating he is right or wrong, I am asking, what signs were there? You see, I am going somewhere with this. Was Syed Rizwan Farook groomed for terrorism during his engagement period? It seems he lived an isolated life, which goes a long way towards making him an easier mark, yet in that, from the little I know of Muslims, one woman alone could not have done this, which implies that he’s had additional conversations with a Muslim Cleric, one he met whilst in Saudi Arabia, possibly with contacts before and after he came back, which would have gone a long way towards move for extremism, which makes destroying the digital fingerprint essential and possibly that part, if successful is part of the problem because that method can be employed again and not just in the US.

So is that all?

You see, this opens the door to the issue the FBI has been puzzling over for the better part of a decade. Home grown terrorism was always a worry, but the extent shown in San Bernardino gives view that part of all this remained under the radar of the FBI, which is the perception issue they have. They knew they had it, as they were trying to find options on how to deal with this, but in all this the reality is that perception is the only initial weapon a person have to counter the imagination of an extreme fanatic, yet is that enough and what else could there be?

It is not something that is easily answered. You see as FBI director Comey said, there are elements of evidence that will not make sense, but is that because the picture is distorted or is that because elements are missing. That is part of the puzzle that both the FBI and Homeland security are facing at present. This now gets us to the next perception, is this in part Lone wolf terrorism? The act here might not be, but the ‘support’ system behind this, is that part lone wolf terrorism? You see, part of these answers are not here yet and perhaps it will take a while for this to surface, but when we consider the pipe bombs we are also left with other questions. If this was a one way trip, why did the police find the dozen pipe bombs? KSNV, News3LV reports (at http://www.news3lv.com/content/news/story/12-pipe-bombs-thousands-of-ammo-found/sf3rLM0bzEWOxM3pBXLpZA.cspx), “Authorities have revealed 12 pipe bombs and more than 3,000 rounds of ammunition were found inside the San Bernardino suspect’s believed residence“, did they expect to start shooting, get away, go home and load up for the next round? You see, in all this perception is key. Now consider the elements that are required to buy and make these pipe bombs. Are you telling me that this does not get noticed? Well, apparently not. I can go to www.bulkammo.com and get myself 500 Rounds of 7.62x54r for the FN FAL for a mere $241, or $240 for 1000 rounds of 9 mm, which means that they had left for well over $750 in ammo at home. In addition, if they kept a certain lifestyle (spending), were no flags raised by the shifting of purchased goods? If we consider the other elements in play, where did the money come from? Perhaps his job allowed him to prepare to this extent, yet in all this questions come to the surface, a rational mind would expect that this was decently certain to be a one way trip, so why leave bombs and ammo at home? The part made no sense, unless they were not alone, perhaps another party was going to be in attendance but they bailed out at the last moment and as such this act was more hastily executed. It is mere speculation on my side, but that speculation comes from my own perception of the events seen. They could be very wrong!

You see that view is in opposition from the very last quote in the News3LV report “They were equipped and could have committed another shooting but we intercepted that“, did you really? Consider that the San Bernardino Police Department is a mere 3.5 miles away, at normal speed that is 10 minutes, at full speed and sirens no more than 3.5 minutes. That is all the time they would have had because there is an option that patrols are on scene, so getting back home was never truly realistic, so why leave it all there?

Were they head cases to begin with or is the FBI missing a few clues? Clues that David Chelsey is helping to muddy. Not by his choice, because he is representing his clients the best way he can, so I am not having a go at him in any way, shape or form. In addition, the weird act of their landlord to give the press access to their home is actually giving us additional questions. The house in the way it looked, was that how they lived? Did they never have guests and as such was the wife intentionally isolating her groomed co-shooter from the very beginning.

If that is the case, than how does the response from the family as voiced by David Chelsey make sense?

You see perception is an essential element, what we perceive, what others should have perceived and what the authorities perceive from all the data that they are receiving this very moment. How does it all fit?

At present it does not seem to fit at all, apart from the timetable and the fact that they either took no time at all for the ‘first’ shooting being able to get past South Waterman Avenue which then lead to the 4 hour manhunt. Again, this is not to place blame (in this case on the San Bernardino Police Department), but to get us to the question,  that as the shooting had passed, how did the couple expect to get back home to pick up more bombs and ammunition? I asked it before and with the added information you too should consider the thought on how they could have gotten back to their homes to load up for more? It merely gives us the question mark and the idea that this was likely never meant to be a party of two. If we accept that speculation we will get to the final question, who else was involved (were more people involved) and what comes next?

What is your perception on this case?

Leave a comment

Filed under Law, Media, Military, Politics

Tagged as , , , , , , , , , , , , , , , , ,

November 25, 2015 · 21:45

The additional price of War

War has a price, this has always been a given, but have people realised that the currency involved is not always the currency we are expected to pay? When Bernie Sanders states that a New NATO was required, one that includes Russia, I was not that surprised. What was surprising is that this reverberated in many Russian outlets, but only there. Nothing in Reuters, is that not weird too?

So what should we trust? No matter how we felt, as per today the game has changed. Turkey, a NATO ally decided to shoot a Russian Sukhoi Su-24. Let’s take a look at the facts for as far as they are known. The BBC (at http://www.bbc.com/news/world-middle-east-34907983) reported the following two sides: “Turkish military officials said Turkish F-16s had shot down the plane after repeatedly warning its pilots they were violating Turkish airspace” and “The Russian defence ministry confirmed on Tuesday morning that a Russian Su-24 had “crashed on Syrian territory, having been hit from the ground” while it was flying at an altitude of 6,000m (19,685ft)“. So now we have an issue. We cannot yet decide whether the Russian plane did or did not transgress on Turkish ground. Let’s be clear that this part of Turkey is the middle of freakin’ nowhere. It is also interesting how Turkey has shown more than once to be void of honour and reliability. Let me explain that reasoning.

On February 2003, whilst the Americans were dealing with their Iraqi front, Turkey demanded, as price for aiding a NATO ally, some $10 billion in grants and up to $20 billion in long-term loans. 30 billion for aiding an ally. So why would we want to have anything to do with an ally that makes such demands?

In addition there is news from Al-Jazeera, which I was unable to verify. The news is “Human Rights Watch says Syrian refugees trying to enter Turkey are being pushed back as they try to cross the border. In a report released on Monday, the New York-based rights group said Turkey has now closed all its borders to Syrian refugees and is pushing them back to Syria“, the news comes across reliable enough, but in fair defence towards Turkey, they are already dealing with well over 2.2 million refugees. The more that are getting through, the bigger the danger that members of ISIS are amongst them, an issue that cannot efficiently be dealt with at present.

Now, whilst the war in Syria goes on, one Russian jet might have passed over the smallest part of Turkey, now, there is no doubt that Turkey is entitled to defend its borders. Yet what happens when they knowingly and willingly shoot down a jet that is not active in hostilities against Turkey, what then?

In this my impression of Turkey is like a teenage boy that got ‘laid’ for the first time. Suddenly he thinks he is a man, no, he remains merely a boy who is able to have an erection, now that he shot his load into a Russian fighter jet the game changes, because like the little weasel he is, he cries that it was just merely a prostitute, she had no value, so why pay? But in this world not all women are prostitutes and not all boys will become man. The question becomes: what will Russia do next and more important, how will the other NATO members react to something that might be regarded as massively irresponsible. Recep Tayyip Erdogan might not have too many options here, it is not unlikely that he will have to make massive concessions in the very near future.

The question remains, were the actions of Turkey wrong? To be honest there are a few sides involved where I remain clueless on how the law falls, so that part I need to skip for now. Yet, when we see the IB Times (at http://www.ibtimes.co.uk/syria-turkey-shoots-down-warplane-violating-air-space-1530203), where we see the quote “Turkish Prime Minister Ahmet Davutoglu has ordered the foreign ministry to hold consultations with NATO, the UN, and related countries on Syrian border developments“, which sounds nice, but would it not have been a great idea to do that months, if not years ago? Let’s not forget that the war in Syria started on March 15th 2011, so this is not a new development. The additional quote: “Turkey had warned Russia that it must stop bombing “civilian Turkmen villages” in Syria close to the Turkish border“, which is another development. You see, where was Turkey in all that? Turkey made no effort to invade Syria and annex those ‘Turkmen’ villages (for reasons of protection of course), did they? When the Turkmen population of Syria got involved in military actions against Syrian government forces, where was Turkey? Oh yes, they decided to bomb the Kurds, with the main reason of fear that the Kurds would one day request (or demand) independence. So how sanctimonious can a Turk get?

When we consider in addition, the report from Metin Gurcan that there had been reports of Islamic State massacres in Syrian Turkmen villages since August 2014 that went unreported by the international media (at http://www.al-monitor.com/pulse/originals/2015/02/turkey-isis-syrian-turkmen-forgotten-ally.html), how many Turkish troops went into Syria?

In all this, whilst the war in Syria goes on, there is the regrettable danger that borders could be crossed, any pilot flying close to Mach 1 can make that mistake, consider that this is a speed of close to 300 meters a second, so that distance could be crossed within 30 seconds, so , if the plane was in debatable space for some time, how come we see the statement “The planes in question have been warned 10 times during a period of five minutes via ‘emergency’ channels and asked to change their headings south immediately“, the added information “violated Turkish airspace to a depth of 1.36 miles and 1.15 miles for 17 seconds” (source: the Guardian), so how supportive must we be for a trigger happy Turk, whilst we all know that Turkey was never for a moment in any danger of getting attacked, whilst the Jet was possibly flying in and out of border area of Turkey? In that regard the news that follows with the two parts “U.S. President Barack Obama and Turkish counterpart Recep Tayyip Erdogan agreed on the need to de-escalate tensions and prevent further incidents” as well as “The statement also reiterated U.S. support for Turkey’s right to defend its airspace“. My question becomes ‘Why?’ Turkey wanted to play the big virile man, so running to the US, whilst they wanted close to 30 billion for an airstrip in 2003. My question becomes: ‘What is this protection worth to you Erdogan?‘

So as we see France act against ISIS, as we see Russia possibly against ISIS, we see that Turkey remains at the sidelines hoping for some settlement and America is almost nowhere to be seen (consequence of being close to bankrupt). That financial status gives more questions regarding the NY Times title ‘U.S. Steps Up Its Attacks on ISIS-Controlled Oil Fields in Syria‘, which comes with the quote “For months, the United States has been frustrated by the Islamic State’s ability to keep producing and exporting oil — what Defense Secretary Ashton B. Carter recently called “a critical pillar of the financial infrastructure” of the group — which generates about $40 million a month, or nearly $500 million a year, according to Treasury Department estimates“. Which gives me the food for thought, why not actually attack and bomb ISIS strongholds? You see, revenue that cannot be collected by a cadaver is money that becomes useless to that dead person (the age old you can’t take it with you where you’re going to go premise).  Leave it to a democrat to fear civilian casualties. President Obama should ask France how that feels, they have a first-hand experience with that. Oh, wait, they did decide to attack Syrian Islamic State positions, so how flaccid do the Americans need to become before we realise that they are no longer a superpower? You see, the tough guy on the corner will only remain tough when he does something, not while he continues posing!

I think it is not impossible that I could be trained to be a Tiger pilot and active in Syria before America gets its act together and I don’t even have a pilot’s license (how sad is that), so am I posing or are some of the NATO allies? That is the question!

You see, we all have a point of view, mine is based upon facts, yet how reliable are these facts? As I illustrated, we see different claims, we see certain sides making certain claims, yet can we rely on them? I have questioned certain facts for a long time, should I suddenly believe any news that seems to strengthen my view? That should be equally debatable, which is why I check for more than one source. Yet in this there is also my side of speculation, which even though is founded on facts remains speculation. There we have additional issues. What was the true reasoning for Turkey to shoot down a Russian Jet over an alleged area of transgression that encompasses less than 50Km2, which, considering the total area of Turkey which is 783,560 Km2 to be 0.000638% of Turkey, with no tactical foundations and whilst there was no danger towards Turkey or its citizens. The act has now placed Turkey in possible reprisal dangers whilst if that happens NATO might not have any valid reason to get involved, so how brilliant was that move? Can we state that Syrian Turkmen villages are not in danger? No, there is not enough evidence to do that, yet when Turkey got involved, the first thing they did was to attack not Syria, Islamic State or the forces of Assad, no they attacked the Syrian Kurds, so there is plenty of blame and none of the players have any foundation of true innocence.

So who is actually attacking Islamic State?

You can be sure that France is, but are the others?

Well according to ABC (at http://www.abc.net.au/news/2015-11-21/syrian-civil-war-dozens-killed-in-heavy-bombardment-by-russia/6961296) about 4 days ago Russia clearly was. They are both motivated as they both have skin in the game, yet when we consider two sources regarding the actions by America we see: “US air strike ‘hits 238 IS oil trucks’ in Syria” (at http://www.bbc.com/news/world-us-canada-34906011), with the additional by-line “It was proceeded with a leaflet drop to warn drivers out of their trucks as well as a show of force“, yes that is always a good way to instil fear! In addition we see “The oil lorry strikes are part of Operation Tidal Wave II, a change in tactics on the part of the coalition. Previously, petrol supplies were largely avoided because of the impact on civilian populations“, which sounds nice in theory, yet there is the premise that the innocent population of Syria are refugees with over 2 million in Jordan, hundreds of thousands all on the roads between Syria and London and another 2.2 million of them in Turkey. So what is left in Syria to be regarded as innocent civilians? Anyone still around there is either involved or knows to steer clear of Islamic state. By the way, the second bit of news regarding US actions came from the Washington Examiner and is so funny I will have to tell you twice! That news was: “U.S. ran out of ammo in attack on ISIS trucks“. What? Yes, the news “U.S. ran out of ammo in attack on ISIS trucks” (at http://www.washingtonexaminer.com/u.s.-ran-out-of-ammo-in-attack-on-isis-trucks/article/2576958) gives us that the US ran out of ammunition with the following quote “Frankly, the aircraft expended 24 500-pound bombs, and all of their ammunition,” Warren answered. “So they — they shot everything they had and then they had to go home“, this just doesn’t get to be any funnier. Basically, this implies that I could have achieved more in a fully loaded Airbus Helicopters Tiger, than their air wing with 24 500-pound bombs? In addition there is this jewel, which actually sounds valid. That is “If American forces won’t hit any target if there is any fear that any non-ISIS person might be harmed, might that not prolong the time it takes to destroy the Islamic State, which is killing civilians right and left?“, which sounds fair on one side, on the other side, ask a Parisian regarding the need to show consideration, I wonder how much support the USA gets. By now people, all people realise that standing close to an ISIS member is massively hazardous to one’s health.

This now reflects back to the Turkish situation, because I am not convinced on the issues behind those events. You see, several sources reported that Turkey’s involvement is not against ISIS, but against the PKK as Erdogan is losing support, if there is enough supporting evidence that Erdogan is in it for regaining power, than the voiced support by the high command of NATO is a massive tactical failure. when we consider the events in Suruc, where the BBC reported “it was reported to have carried out numerous attacks on Turkey’s pro-Kurdish Party, HDP, during the run-up to the Turkish parliamentary elections, but IS never said it was responsible“, in addition to several claims that Turkey is using the Syrian war to deal blows to the Kurdish population gives another consideration regarding the Russian downed Jet, which gives food for the upcoming article how the western world failed twice through stupidity and I’ll let you, the reader ponder on that one.

 

1 Comment

Filed under Media, Military, Politics

Tagged as , , , , , , , , , , , , , , , , , , , , , ,

November 21, 2015 · 11:54

Was there a clear failure?

There was an article that crossed my eyes as I was preparing to have another go at Microsoft (likely tomorrow). With Paris clearly on the retina of all who open their eyes, those who hear the word Paris, will not think of Miss Hilton (except for one Journalist), they will not think of the city of love, or the city of lights. They will think of the 6 terror attacks that have dealt a massive blow to France and those living in Paris, which is to be expected. The French have nothing to be ashamed of, they have a proud heritage and a few mad man tried to deal it a body blow.

Now round two begins and the Guardian gives us: ‘How French intelligence agencies failed before the Paris attacks’, and article by Ewen MacAskill (at http://www.theguardian.com/world/2015/nov/19/how-french-intelligence-agencies-failed-before-the-paris-attacks). Of course the title woke me up, because it is interesting that the limited Intel is already leading to the blame game.

The first blame part is given: “In other words, the failure of the French intelligence agencies is not that they did not have enough data – but that they did not act on what they had“, yet is that correct? Let’s take a look at a few facts.

  1. “The lack of cooperation between France and Belgium, where some of the attackers were based“, so is that a failing for France or Belgium? Let’s not forget that Belgium houses the Supreme Headquarters Allied Powers Europe (SHAPE), so as blame goes, the fact that these extremists could decently freely plot next to one of the biggest military big wig places in the world is reasonable cause for alarm.
  2. “The police had a file on Omar Ismaïl Mostefai even before he traveled to Syria in 2013“, there are two issues here. In the first not every Islamic person is a terrorist, so there is one issue, yet what was known of his move to Syria and how did he get back? Did he get back to France or was he also in Belgium, or did he return via Lyon from Stockholm? There are loads of questions and not enough data. I know at least half a dozen ways to not create flags whilst travelling. In all these situations Omar Ismaïl Mostefai would not have landed on the grid and as such French Intel would remain in the dark for a longer time frame, was this properly investigated by Ewen MacAskill?

Now for his jab against data collection: “Tracking such suspects does not require the collection of the communications data – phone records, emails, Facebook postings, chat lines – of every French citizen, only the suspects“, the problem is that there is no way of knowing, who was in contact with whom else. That data is lacking, in addition, the way the average boy and girl regards their mobile phone, the simple act of stealing a mobile phone is not that much a stretch, so how will data then be available?

  1. “lack of cooperation between European intelligence agencies“, which is actually a fair point, yet it is not just the lack of cooperation here, in addition there was the statement by Panos Kammenos, the Greek defence minister, which is still remaining unattended by journalists all over the place. Now, in my view the statement was stupid, but was it incorrect? The danger that Jihadists are getting into Europe vie Greece or Italy is a realistic threat, but how to deal with them? The fact that one has a Syrian passport is also a tinderbox as it could light up many national borders at present. Which goes far beyond the French borders.

In addition the last paragraph is also an issue: “Such failures are where the French and US intelligence agencies should be looking, rather than exploiting the tragedy to make the case for bulk data surveillance“, let’s take this to the rationale. 150,000 refugees have declared asylum in Europe, finding 10-20 people within that lot is impossible without a massively improved data capturing system, as well a good support system from their partners all over Europe. That list becomes a lot more complex once we look beyond for these people on less stable parameters, so the French can’t really continue without a massive overhaul of DGSE and I don’t mean this in a negative way. The UK has a much more compartmentalised system. The UK, just like Australia is ‘home is girt by sea’, which gives them an advantage. France does not have this and as we realise that Belgium intelligence is not that operational, additional methods must be employed. Even as GCHQ is in service towards both MI5 and MI6, the French system (DGSI and DGSI) need to merge with a more powerful version of their ‘upgraded’ version of GCHQ. So as Ewen MacAskill, as the intelligence correspondent of the Guardian fails to enlighten its readers of that part, as well as smooth over the European terrain by leaving out the Panos Kammenos we must all consider these parts. Now in this case it is not about having a go at Panos Kammenos (even though it is good fun to do that), the issue Greece does have is not one they can counter because of their weakened economic state. It is a side we cannot ignore. Greece is not alone, as hundreds of thousands of refugees cross the borders all over Europe, the reality of hundreds of Islamic state passing the borders in similar ways is a given. The first issue is data, it starts with collected papers and biometrics. Ewan fails in addition with the statement “rather than exploiting the tragedy to make the case for bulk data surveillance“, I am willing to entertain the thought, but data is key here. Not just on the people involved, but also on the people they interact with.

That part can be found when we consider the events around the honourable Mr. Wissam H. Fattouh, Secretary General of the Union of Arab Banks. In his YouTube speeches, in one of them we see: ‘Microenterprises projects due to the importance of these enterprises in the future of the Arab region‘, which is an essential need, because all nations need growth, and if the Arabian nations become stagnant, we will see an escalation that Europe cannot counter. Yet there is another side here. This was shown by the Egyptian Daily News (at http://www.dailynewsegypt.com/2015/09/19/concerns-over-islamic-state-funds-entering-arab-banks-for-terrorist-operations-uab-secretary-general/), where we see the quote: “The Union of Arab Banks (UAB) is worried about militant ”Islamic State” (IS) funds entering banks and being used to attract young people to carry out terrorist operations, said Wissam H. Fattouh, Secretary-General of the UAB“, in addition there is “the movement of funds across the border is uncontrolled, due to a lack of international laws to regulate this process“, so again, here is where Ewen failed. In all his rhetoric regarding French Failure, the fact that this needed serious funding, the fact that the funding crossed several European borders, an issue given to us by at least two white haired lame duck presidents who did not achieve ANYTHING regarding serious overhaul of banking and finance laws. They cannot be held responsible for Europe, but Europe took their pages from Wall Street, where the US presidents (plural) could have made a massive impact (but did not), in the state of debt the US is, this would never be a successful venture. These elements are all affecting France, because the money flows and it flows in many unmonitored ways, which is also part of the problem.

So after one week, we see pain, anguish and blame, the only resolve is coming from the French who are standing up proudly for THEIR France, Christians and Muslims alike, or did we all forget that it was 24 year old Muslim Lassana Bathily who kept the customers safe during the Charlie Hedbo attacks!

Yes, I believe that France must overhaul its systems and data is at the centre of it all, because if both DGSI and DGSE are working on the premise that their neighbours are unable to keep their streets clean, France better get prepared with a better data system, in that bulk data surveillance will be an essential need. In addition, that need is escalating because there is a second side to all this. There was a reason that Mr. Wissam H. Fattouh and Wall Street were mentioned. You see, three weeks ago the Financial Times reported on the break-up powers regarding banks (at http://www.ft.com/cms/s/0/06d6f790-7e53-11e5-a1fe-567b37f80b64.html). The quote “A controversial European Union bid to hand regulators more power to break up big banks has been given a shot in the arm after Brussels legislators agreed a preliminary deal following months of deadlock and fierce lobbying from the financial industry“. This is a problem on a few sides when we regard the lack of scruples bankers tend to have. If they are pushed in a corner they will take any deal that brings them wealth. If that requires an ISIS brokerage, the chance that some banker will take his 13% is not that far-fetched and as ‘easy’ as it was not for those funding ISIS, it seems to me that they will get additional options in the future, something Ewan did not reveal (which was not what his article was about), yet in light of the French events that item is a lot more important and visible than the emotional fishing expedition regarding a French failure, something I am not convinced of, even less when we watch the Belgium intelligence failure (the fact that Belgium never detained some of the French terrorists, nor did the Belgians inform French authorities of their concerns), a fact that we get from the quote: “We knew they were radicalized, and that they could go to Syria,” said Eric van der Sypt, spokesman for the Belgian federal prosecutor’s office. “But they showed no sign of possible threat. Even if we had signaled them to France, I doubt that we could have stopped them” (source: politico.eu), I reckon that a hundred plus fallen French citizens might disagree with Mr van der Sypt there.

My assessment is that there was no clear failure from France, there was a European Failure to properly communicate issues across borders, which is a lot more dangerous when we consider the 150,000 refugees all over the place, not to mention the 2 million plus in refugee centres all over the Middle East. So when I stated in 2014 that there is a clear and present danger in Jordan, I was not kidding. Too bad certain elements are not considering the whole picture, just the part that can be fingered for a few quick points, which will get plenty of other people killed sooner rather than later.

 

Leave a comment

Filed under Finance, Media, Military, Politics

Tagged as , , , , , , , , , , , , , , , , , , , , , , , ,

November 1, 2015 · 22:13

Nubentes capitalismi

Here we see more of the Greek way, as per yesterday we see that the Greek banks need more money, billions more. So this is where I looked for the Latin word of deficit and it is ‘Repudii’ (Latin humour). The Greeks might say “Αποθήκευση έλλειμμα σε ένα θησαυροφυλάκιο της τράπεζας“, but the sad story is not the deficit or the shortage, the sad story is that many Governments, not just the Greeks relied on credit cards whilst they made sure that those spending the money would not have to pay for it, they got a large bonus for spending money they never had and the people have been suffering for far too long. This situation is not just seen in Greece, for the most nearly all EEC nations have spent way too much, a terminal amount of money I might add. If the budgets are a setting for a nation’s health than 30% of them should be pronounced dead and an additional 50% is on the edge of dying. That is the grim situation. In all this we see more and more news on how things are getting better. Better for who? The people around me have not had any rise in living for close to a decade. In addition the cost of living has exceeded the income rise for about that same time, so in all this, when have people been better off since 2004?

In all this Greece might have been hit visibly harder but life in the UK or in France or Italy is no picnic either. In all this the banks seem to go about their usual ways. In addition, as we saw the news regarding bank liquidity and other reserves. The things that are referred to as Basel III and now also Basel 4, why did they not shift the timeline? Why has ‘mandatory’ implementation been delayed until 2019? Why was Greece, as it faced the things it faced and as it needed funds all over the place, not pushed into a mandatory implementation of Basel III? Part of the deal should have been stress testing and demanding defences for banks directly. It seems that it had not been done!

This takes me to an article by Morris Goldstein from May 2012 (at http://www.voxeu.org/article/eu-s-implementation-basel-iii-deeply-flawed-compromise). In here three points come to order.

The first: “Whether member countries should be permitted to enact minimum capital ratios considerably tougher (higher) than those specified under Basel III without approval of the EU“, which is an interesting need, because this would have applied to Greece from the very beginning, and I am talking the issues as they emerged in 2013.

The second: “Whether the restrictions on what can be counted as high-quality capital under Basel III should be scrupulously adhered to in EU legislation“, the fact that EU legislation is not up to par here is even more of an issue, you set rules and standards and then not legislate it? How will banks EVER fall in line when it is not legislated? We have evidence going back to 2004 where bankers lost trillions and still got millions in bonuses. You mean that after a decade, the national legislation arms within the EEC are still no more than mere ‘pussies’ looking for that banking fellow named Dick?

The third: “Whether the Basel III deadlines for introducing an unweighted leverage requirement for bank capital and two new quantitative liquidity standards (the liquidity coverage ratio and the net stable funding ratio) should be mirrored in EU legislation“, which sounds all good and fine, but Basel 3 was already in the works in 2002, why has it taken such a massive amount of time to get close to nothing done? Why were the Greek banks not set to a higher setting because of them requiring so many billions in funds?

It seems that no one has any clear answers here.

Now we get to the good stuff. In the article Morris states the following: “The 15 May accord also permits EU banks to count as equity capital several financial instruments with dubious loss-absorbency, including the so-called “silent participations” of German banks and the minority stakes of French banks in insurance companies. Such a step weakens the Basel III guidelines on the quality of bank capital. In one of the few concessions to the Osborne View, the agreement adheres to the Basel III time schedules for the leverage ratio and the two liquidity standards“, which was to be discussed somewhere after May 2012.

So now we take another leap towards a Danish bank paper, a mere publication (at https://www.danskebank.com/da-dk/ir/Documents/2012/Q1/SpeechQ12012-Confcall.pdf), So in all this, we see the following text: “And you could not just use the what has been known as the Danish compromise, where you have 370% risk weighting for the capital, to kind of end up somewhere in between the two extremes?” to which the response by Henrik Ramlau-Hansen – Danske Bank – CFO was “That could also be a solution, yeah“. Let’s sit on this for a second, a form of weighting where we get to set the weight to ‘370% risk weighting’, so how is this a good idea? I have used weighting in the past, so it is not a big deal on one hand. However, when we look back towards 2004 and 2008, where setting abnormal risks, why give such a level of leeway to a branch that cannot be trusted?

The last part in this comes from shaky grounds, I will tell you this right now and I never hid the fact that I am not an economist. Consider the PDF from the Crédit Agricole Group from November 2013 (at http://mediacommun.ca-cib.com/sitegenic/medias/DOC/94509/2013-11-07-cp-casa-resultats-3eme-trimestre-en.pdf). So they report “Net income Group share in Q3-13: €1,433 million“, now take into account their solvency part:

The targets for fully loaded Basel 3 Common Equity Tier 1 ratios (CET1) are shown below:
1st JAN 2014 31st DEC 2014 31st DEC 2015
Crédit Agricole S.A. 7.8% to 8.0% 8.8% to 9.0% >9.5%
Crédit Agricole Gp 11.0% 12.0% 13.0%
Disclaimer: The above ratios are based on a number of assumptions

 

Now consider the text “These figures take into account the weighting of the capital and reserves of Crédit Agricole Assurances according to the Danish compromise (at 370%) or 34 billion euros in risk weighted assets as well as the extension of the specific guarantees (Switch) between the Regional Banks and Crédit Agricole S.A. for 34 billion euros in risk weighted assets“, so a company with a little over a billion in revenue, ending up with around 830 million in net income group share. So that place is running a weighted risk of 34 billion, which implies that the risk of 34 billion is covered by an income that covers 2.44%, how is that even close to realistic? Why has a massive change in dealing with the weighted risk not been done? Why are people still under threat of exploitation by banks as they live of the fringe of a Danish Compromise?

I am just asking!

This now reflects back to the Greek banks, have they been playing that same game, where did all those billions go to? As an underwriting for more riskier and more profitable incomes? It seems to me that there are issues with the banks all over Europe and their own local governments are clueless as to what the banks are doing. If you consider me wrong than ask any politician right now an answer in regards to Basel III, Basel 4 and their own banks. They are very unlikely to give you a clear answer. This approach is not just for the UK, several other countries should be asking questions and holding the answers to account. So as these politicians have no answers, how come they are elected and how come they are unable to budget anything. Are they budgeting in the same way the Danish compromise is applied to banks? A government spending anywhere between 37%-370% in a weighted budget for the expected gains of taxation tomorrow?

That sounds as hollow as Mr Wimpy going into a food court stating: “I will happily pay tomorrow for a hamburger today!” I wonder how many places he will be able to get food from. Interesting that we do not hold our politicians to this account, which is exactly why the massive cuts from the Conservatives (UK) are so essential, they are in the fight of their lives not to become the mere puppets of the banks. You see, I think it is not that unrealistic that even within my lifetime our income slips will have a taxation part and a deficit settlement part. The day that happens, remember my words! Austerity was the only option, and only when we neuter both the banks and politicians. I think that the change of making an administration accountable for their spending will be essential for us to have any future. For a decade politicians have been writing checks no one could pay and that choice should no longer be an option from 2015 onwards.

Which gets us back to Greece. The two final quotes are: “In August, Eurozone finance ministers released €26bn of the €86bn in bailout funds that went to recapitalising Greece’s stricken banking sector and make a debt payment to the ECB” and “Depositors pulled billions out of the country fearing that Greece would be forced to leave the euro. Limits on withdrawals and transfers imposed in June to prevent Greek banks from collapsing remain in place, although they have been loosened” (at http://www.theguardian.com/world/2015/oct/31/greece-banks-14bn-survive-economic-downturn), so as that risk was known, how come limits on transfers were loosened? So we see the need for another €14bn for the reason that people took their cash outside of Greece, something that was a certainty. Why allow for the loosening of rules on transfers? In that the first paragraph is also an issue. The text: ‘Greece’s four main banks need to find another €14bn (£10bn) of reserves to ensure they could withstand an economic downturn‘, should basically read: ‘Greece’s four main banks need to find another €14bn (£10bn) of reserves to ensure they will withstand the next upcoming economic downturn‘. Because in case of Greece the next downturn is a given and it is not that far away.

This again links to another part. The Greek Reporter gives us: ‘Head of Greek Capital Market Regulator Resigns’ (at http://greece.greekreporter.com/2015/10/31/head-of-greek-capital-market-regulator-resigns/), so basically, after the completion of the bank recapitalization he shoves himself out of the back door. Can anyone explain that to me? Because if he did a good job he should not get fired, if he did poorly, or even if he has messed up he should end up in holiday retreat Korydallos. Of course, as far as I can tell, he never committed any crime, so Hotel Korydallos is not for him, but it does re-iterate on how the banks should have been cut to size in freedom before those billions were pushed into Greece and in light of loosened restrictions a few more questions and demands should be set. Now, ‘shoving himself’ out of the back door is of course completely incorrect as the man resigned, but why did he resign? Is he not committed to saving Greece, or has he figured out something I saw almost 2 years ago when I spoke about the idiocracy of enabling the Greek system to the extent the ECB had done?

So why as I finalise this blog, the valid question becomes ‘Why is the Blogger Lawlordtobe having a go at Konstantinos Botopoulos?’

This is one that requires an answer and an explanation. You see, on May 20th 2015 (at http://www.waterstechnology.com/buy-side-technology/news/2409402/esma-board-member-capital-market-union-shouldnt-reinvent-the-wheel) we see the title “ESMA Board Member: Capital Market Union Shouldn’t ‘Reinvent the Wheel’“, which is fair enough, but the text: “The idea behind the CMU is not to reinvent the wheel by creating new rules but to achieve free flow of capital by using the existing tools and finding intelligent ways to tie everything together“, leaves me with the clear impression that the application of ‘to achieve free flow of capital’ could be seen as the loosening of restrictions which allowed for many billions (read: dozens) to be transferred out of Greece and as such the ECB (or the IMF) ends up pushing a few dozen billion more into Greece. In that same part ‘finding intelligent ways to tie everything together’, could be seen as diversifying the wealth of the Greek rich and famous towards the shores of Bermuda or Riyadh, places with not a taxman in sight. Is my interpretation correct? I am willing to consider that I am wrong and I am making no accusation, it is mere speculation on my side.

Yet in all this the timeline should be the cause of many questions, questions the press at large does not seem to be making. The rest of the article is on centralising reports and it seems to me that the article is missing a few steps. Even as the implied dangers of Brexit are voiced, Frexit is ignored. Now we must allow that people were not taking Frexit seriously, but the tide is still turning and the one danger in that part (Marine Le Pen) is gaining approval ratings on the right side of the Isle. Reuters stated: “Le Pen, who is set to win control of France’s northernmost area in December elections, saw her rating rise 5 percentage points to 52 percent among right-wing voters who were asked who they wanted to become more influential in political life“, which now puts her right behind former prime minister Alain Juppe, whilst both are leaving Former French President Nicolas Sarkozy far behind them in the dust. The battle is far from over, but again the reality of a Frexit is moving one more step forwards towards reality and in all that Greece was the starting spark to that upcoming dangerous escalation, only because hard choices were not made in late 2013, because the bankers and the greed driven required the Status Quo to remain as is, which is why we are seeing escalations that could impact the savings of millions to come soon enough.

Now, I will admit that there is no given that Marine Le Pen would win, yet as we have seen a massive amount of speculation and innuendo left right and centre, the mere danger of Frexit is ignored for the larger extent. Why? Is Frexit not an additional danger that is also propelling Brexit? And the Greek issue is what drove both to begin with, so there are direct links and in all that these intertwining events have been largely ignored for too long.

You should not take my word for any of this, it is my view on the matters, it is however important that you read up and that you ask the right people the right questions, the absent part in that is slightly too scary, especially when the Greek bank towers come tumbling down.

 

Leave a comment

Filed under Finance, Media, Politics

Tagged as , , , , , , , , , , , , , , , , , , , , , , , , , ,

August 31, 2015 · 01:41

And so it begins!

Even though Marine Le Pen still has to deal with her daddy, the one person who seems intent to drown the part his daughter was able to make a reality. His extreme approach was never going to work, now that she has shown this, his intention of making that future a non-possibility. Of course her opponents are happy as can be that Jean-Marie seems to go on tantrums making National Front seem too extreme, but the National Front members know better and soon Europe will know this too. What I predicted well over a year ago is still on course, and now, finally the press seems to take a little bit of notice. The quote in the French RFI is “French far-right leader Marine Le Pen has called for an end to all immigration to France, legal and illegal. In a speech aimed at rallying her Front National (FN) ahead of regional elections, she failed to mention her father’s expulsion from the party but did lay into immigrants, Islamists and President François Hollande” and “They don’t tell you this but the immigration situation in France is totally out of control,” Le Pen said at a meeting to mark the start of France’s new political season. “My aim is clear: to stop immigration both legal and illegal. The FN’s programme officially calls for immigration to be limited to 10,000 people per year but Le Pen went further, declaring, “We need national borders for France”“. Of course there is an issue getting this to move as Hollande is still president, but the clarity is a fact. National Front is now on the move, the data as given shows that the anger after the 21 August failed attack on a high-speed train from Belgium to France, France itself is becoming more and more extremely unaccepting regarding Islam extremists and foreign Islamists. Marine Le Pen called for “all foreigners on file for links with radical Islamist movements to be deported“, adding that ““radical mosques” should be closed and their imams be thrown out of the country if they are foreigners“. The French are realising that they got lucky, according to CNN “The three men — a member of the Air Force, an inactive National Guard member and a civilian” stopped what could have been a massacre. The French have had enough and so they should. This view, partially due to what seems to be President Hollande’s inaction. Whatever actions he undertakes now will only fuel the Le Pen campaign.

Now we have a problem, one that hits many others. If France remains on this course, England have no other option but to invoke Brexit. It needs to do so before Frexit becomes a reality. My reasoning is that whomever goes first will have the best options, not the worst options, after that the curve goes down fast. It is for that reason that I oppose the view from François Heisbourg in the Financial Times (at http://www.ft.com/intl/cms/s/0/20eb52bc-4cb1-11e5-9b5d-89a026fda5c9.html) the quote “It has a xenophobic and illiberal force all too keen to take advantage of popular fears about the impact of migration in the shape of the National Front (FN), Europe’s largest extreme right wing party, with a base representing some 25 per cent of the electorate. But, until now, Paris has not indicated that it has any clue how to cope“. You see, some might call it ‘xenophobic‘, yet this is the second attack within France and this one was almost successful. We should regard the circumstances a miracle, most will downplay the events into ‘the public can protect us‘ but in all, the governments failed and an open Europe is a dangerous situation, not all nations have the benefit of a tunnel and 5 ferries. Many other places are leaky as a sieve. France has entry points from many overly liberal nations, Belgium, Germany, Switzerland, Luxembourg and Italy. Belgium also gives access for the Netherlands and the boats are pouring into Italy. France no longer feels secure and yes, it is clear that National Front is pressing that issue as the Financial Times states, but is that fear incorrect or inaccurate? In addition the quote “Europe’s leaders need to live up to our responsibilities as humans and as neighbours, assume part of the burden, and talk straight to the electorate. Continued European and French fecklessness will only improve the far-right’s prospects of success, and will deepen what is already an unprecedented crisis“. This sounds very logical and ‘civil’, but Mr Heisbourg forgets that as the Chairman of the IISS and of the Geneva Centre for Security Policy he lives a nice sheltered life in the areas of far higher income then most others have. I will immediately agree that the bulk (let’s say 99%) are true refugees hoping for a better life, it is the 1% that is a problem, moreover, if we should learn anything it is the fact that most European nations do not have any level of infrastructure to take care of these refugees. That is the part many are ignoring. It is a direct consequence of bad budgeting. France and Italy are direct examples of evidence here. The UK and Greece are also in a place where funds are lacking. Together we are looking at close to 7 trillion in debt, in all that those governments are seeing an influx of thousands of refugees trying to find a future whilst support is no longer a financial option. Interesting how so many players ignore that part in all this. Yet the people of the UK, France, Italy and Greece see the immigrants for what they perceive them to be: “a direct threat to liveable income” any refugee who is sincere in his travel is also sincere in finding a job, a way to support their family. One in 10 in Europe does not have a job, any job given to them will be another job not going to their own citizens. This is a warped number as these people are often not equipped to do most of the jobs but the low schooled ones, bring a wave of fear to those in lowly paid jobs, fuelling places like UKIP and FN, which is why the French issue is escalating. What is not clearly shown is the effect that 270,000 refugees in Greece and Italy alone have on the EEC. I understand that people like François Heisbourg have an idealistic view. For the most people like him truly believe in that vision, but as governments cannot maintain their budgets, as large corporations are paying less and less taxation and as they fuel their own board of directors, governments at large no longer have any proper means to support such an influx. Whatever these people tell you, whatever fairy-tale you get told, realise that 270,000 people will cost us between 270 and 500 million each month. So this takes up to 6 billion a year and that is just from the present group, now add the 2014 group and in addition the people that will come in until December. Now explain to me how these nations who are already missing out on billions a year will add that to their invoice?

In all this, the people all over Europe see their cost of living rise, their past income is not coming back and the financial troubles for Europe are only just beginning. The Chinese market is a mess and it will influence the American market too. To what extent? I cannot tell, I actually do not know, but what I do know is that any change in the EEC will have a massive influence on the American bubble and the American way of life. Most of these facts have been ignored by many players of the media, there was always a whiff of ‘prosperous foresight‘, followed soon thereafter by ‘managed bad news’. Now as more and more people feel the pinch of non-sustainable cost of living, their Samaritan tolerance went straight out of the window.

With the Chinese market in turmoil, Germany, France, the US and the UK are now feeling the dangers that a collapsed Chinese market brings. The 0.7% growth in the UK could soon become a negative number, fuelling fears for the people who are not even close to move out of the valley of debt. With that fear in the UK, the fear in France will grow even faster and Germany will soon fill the ranks. We are so willing to be Samaritan when our lives are decently secure, but that is no longer the case and François Heisbourg should know this. Yes, they are correct that some places like Calais are incidental, but overall 270,000 people are not incidental and that number is only a small part of the entire collection.

These ignored facts and half-truths all moved under some rug is part of all the events that allow for groups like National Front to grow the way it does. This all falls into nothingness when we realise the millions, yes millions of refugees in Jordan and Lebanon. If you think the price from Europe is high, then what is the price that falls in those two nations? Even if we do not completely ridicule the statement in the Sydney Morning Herald, where we see “Alarmists overstate risk of deluge in West from refugee ‘flood’“, we see a flood of ’emotional’ statements like “Australia could relieve some of the pressure on Europe by taking in several thousand genuine refugees to resettle here” and “Everyone has the right to seek asylum, the hysteria over the tiny minority around the world who do so by sea is bewildering when we consider people have been sailing around the world for centuries” (at http://www.smh.com.au/comment/smh-letters/alarmists-overstate-risk-of-deluge-in-west-from-refugee-flood-20150828-gj9urp.html), all nicely ignoring the fact that this planet is not at 5.7 billion as it was in 1995. No, 20 years later when it is 7.3 billion. Nearly all the nations are deep in debt and their infrastructures can for the most not even contain its own population. If the people truly, really truly wants to be humanitarian, then get a majority to agree to a 10% rise in taxation. No, that will not do either, that money will have to come from the rich. 4,000-10,000 will have to pay for billions they do not have. A social structure that failed from the get go, because those so into support of that, have been unable to cull business by properly taxing them. Labour giving billions in subsidies, draining the treasury coffers. They did this in Australia, the UK, the Labour way and now as there is no money they all cry foul. Is that not weird?

The initial issue of budget, no one seems to be able to do it and now, as there is no money left, they all wonder where our humanity remains. Well, that went to the car factories so that they got to make a car $1900 cheaper and now they moved to Asia. The UK has the Flagship £1bn youth unemployment scheme, as well as the issue that Prime Minister David Cameron has failed to curb welfare spending. That is not an attack or a bad thing. It is a mere consequence of the economy in the UK that only appears to be growing but it is nowhere near where it was and the people in the UK are for the most down in their finances and will remain to be so for at least a decade. As such, the infrastructure suffers as loads of money basically go down a drain. In all this we hear about the need for humanitarian aid, but none of the treasuries has the funds to allow for this. It is the most basic of failings, perpetrated by governments on both sides of the isle for the better part of 2 decades. It is not about blame, it is about the reality that the bulk of people are ignoring. In the end most lives depend on what a spreadsheet allows and none of them have allowed for any substantial space for ‘the budgeting of refugees’ a massive failing. I wonder if the power players hoping for an Arabian spring had any idea the massive backlash their actions would have. Now well over 200,000 killed and millions displaced, with no end in sight. When the millions of refugees start dying of starvation, or disease, where will the humanity of our soul be budgeted?

 

Leave a comment

Filed under Finance, Media, Politics, Uncategorized

Tagged as , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

July 28, 2015 · 09:52

Feeding hungry wolves

You might think that this is another attempt to quell the hunger of paparazzi, which is always a dilemma we people face (famous people more often). They want their pound of flesh and they will have it. So when I stumbles upon ‘Greece crisis: Yanis Varoufakis admits ‘contingency plan’ for euro exit‘ this morning, I knew that a roasting would be in order. The article (at http://www.theguardian.com/business/2015/jul/27/greece-crisis-yanis-varoufakis-admits-contingency-plan-for-euro-exit). So when I read “The plan was denounced by Greek opposition parties, which in recent weeks have called for Varoufakis to be put on trial for treason” I knew I was onto something, in addition there is “the scheme was “reminiscent of a bad thriller.” The main opposition New Democracy party demanded that the government “come up with convincing answers for the Greek people … so that light can be shed on this dark narrative.”“. Now you know me, I consider Yanis Varoufakis to be a bit of a rock star (not a good one) and he played the limelight wrong, but in this case I am on HIS side.

How stupid can the Greeks get?

It was the job of Yanis Varoufakis to protect the financial future of Greece, because of the mistakes by the Greeks themselves, they are in a boatload of hurt and they will be in that position for three generations, that is, as long as they keep austerity. This is not something that was started by Yanis Varoufakis or Alexis Tsipras for that matter, they mismanaged an inherited bad situation. So in light of those accusing him of treason, I call them ‘the worst bloody idiots in the history of Greece!’ They get to live with that title for both this version of Greece as well as dethroning the idiots of ancient Greece because these people have just truly outdone themselves!

And as for these people who are shouting treason, why do we not hear that in regard of the following names? Yiannos Papantoniou and Nikos Christodoulakis former ministers of Finance as well as Konstantinos Simitis and Kostas Karamanlis both former prime ministers. Did they all conveniently forget that the found mismanaged budgets which they hid from the people of Greece and Goldman Sachs was eager to help them for the money it brought them? Yes, you all forgot about them didn’t you?

Now in addition we need to mention Christoforos Sardelis, former head of Greece’s Public Debt Management Agency, when we learn from the Business Insider “the loan was so confusing that even the Greece government had trouble understanding it and thought it was much cheaper than it actually was” (at http://www.businessinsider.com.au/the-secret-goldman-sachs-greece-deal-thats-described-as-a-very-sexy-story-between-two-sinners-2012-3), so Greece, let’s call it Monkey Mountain for now, gave the keys of what they no longer owned to the ‘Top Banana’ in all this (Christoforos Sardelis), to do something none of them understood, how is that not trialed in a Greek court? So after shaking hands smiles and autographs, Greece was due payment of 600 million euros ($793 million) more than the 2.8 billion euros it borrowed.

That comes down to almost 20%! I’ve had a 50% better rate on my Credit Card!

So, when I see the accusation towards Yanis Varoufakis, which was in my view the wrong man, at least he did what he did for ideological reasons (as far as I can tell), his focus was Greece! I never stated anything to the contrary in any of my articles!

In this path, there are still a few issues that are an issue, yet, let’s not forget that this was a plan conceived in the 11th hour as the dangers were very considerable that Greece could be cast out of the Euro (even though that was technically a legal impossibility). ““We were planning to create, surreptitiously, reserve accounts attached to every tax file number, without telling anyone, just to have this system in a function under wraps,” he says, adding that he had appointed a childhood friend to help him carry out the plan. “We were ready to get the green light from the PM when the banks closed”“, I understand the logic attached to this, but in that way, it also meant that the tax dodgers would have had an escape plan, in addition, the Greek 2047 Swiss Accounts (roughly) could walk away scot free, which is not entirely on the up an up here. Yet in the bulk of it all it was the millions of Greeks Yanis tried to protect (I hope), so explain to my how this was treason? The added fact that we see ‘We were ready to get the green light from the PM’ implies that it was based on government structure, so again, how is this treason?

So when we read the Tweet Yanis gave “So, I was going to ‘hijack’ Greek citizens’ tax numbers? Impressed by my defamers’ imagination”, I would tend to agree, because a step like that is impossible without both the tax system and every bank involved to open the doors to their system. It is not imagination, in my view it is basically a technical impossibility, because that many transfers would light the European financial system up like a Christmas tree, Yanis would literally have no place to run or too, or to hide for that matter.

There is one part I disagree with. The quote “Tsipras’s left-wing Syriza party is not only divided but bears little resemblance to the one he was catapulted into office with in January”. You see, Japan only had itself to blame, Tsipras is partially accountable, yet the debt, the massive result from a decade of mismanaged debt and a mismanaged tax system that spans decades, that part was inherited, they can look at previous national rulers, spokespersons and economic managers for that.

So, let’s remove the title ‘Monkey Mountain’ (now that the Top Banana has gone to sunny, luxurious Italy) and focus on Greece! You see Greece will be in a bad place for a very long time to come, it refuses to go after those who truly pushed Greece into generations of bad times. As the Greek population will have to settle for hunger and poverty, other players like Christoforos Sardelis, who is as far as I can tell at present, living in decent luxury in Italy where he works for Banca IMI, the investment banking unit of Italy’s Intesa Sanpaolo. The Greeks are looking in all the wrong places. Hiding the debt was not done by one person, it took several officials, the swap was really stupid but not illegal (Goldman Sachs does not do illegal things, it is very clever in making other people do stupid things). The issue is not yesterday, it is today and tomorrow. Greece needs to wake up and reform a system that cannot deal with the elements of today’s economy, the fact that Greece needs 86 billion just to make it to 2017 is clear evidence of that, the fact that it takes three generations to get the debt into focus is evidence of that and it will only work if debt relief is granted. Greece is no longer able to survive in the current climate, a fact that has been known for a long time and it had to be acted upon a long time before yesterday, but it was not. In all this the Greeks are now blaming the one person who (even though wrongly) tried to get a better deal for the Greeks, who tried any option to at least try to avoid that retirees would have ended up with 1 drachma to the Euro, because that would have been the result from ejection from the Euro (if the EEC could have pulled that off legally). So yes, I have hammered on Yanis Varoufakis (and Alexis Tsipras) in my previous blogs. In this case, there is an utter failure in my view to see where he acted wrongly.

There is one additional consideration to make. There is every chance that the plan started by Yanis Varoufakis needs to stay on hand, it might need almost immediate evolution and preparation should not seize. You see Greece is and remains the tinderbox for events that have been playing for a lot longer than anyone cares to ‘remember’. We might bash on certain Greeks (names I mentioned here), but Greece was not alone. Italy had done a similar thing. Now as both France and Italy represent 5 trillion in debt and the UK close to 1.8 trillion, the current status is that both France and the UK are still in a place where they could voluntarily leave the Euro. France is the initial ‘problem’ because what has been ignored for 2 years, what I feared would come is now almost a reality. At present Marine Le Pen is sitting on close to 40% of the prospective votes for the 2017 presidency, if she wins the Mayoral election of Calais (which is presently almost a certainty) and if she can achieve any decent improvement for Calais, the reality of her making a landslide victory in 2017 would become a mere matter of fact, in that light in 2017, the Socialist Party of François Hollande will face its biggest defeat in French history, they will be ten times worse off than the UK Labour Party currently is, so good luck with that. This is important, because Marine Le Pen could entice French National pride and walk out of the Euro, which would spark a similar thing in the UK at that point. Now we see the part that impacts Greece, when those two walk, Italy will have no option left the Euro will crumble and this plan, this approach by Yanis Varoufakis, this alternative plan would be the only option left for Greece and they would not have any time to implement it. So as ideas go, his alternative was not the worst for the people of Greece and there is a reasonable chance that when the Euro fails, this plan will safe that lives of millions of Greeks. So whomever shouted ‘treason’ against Yanis Varoufakis better be aware that this person himself could end up being roasted when my predictions come to pass.

The wolves are hungry, they want their pound of flesh and those in the game will sell out anyone that no longer seems to be a player in the international economy game.

I cannot and will not support that view!

 

1 Comment

Filed under Finance, Law, Media, Politics

Tagged as , , , , , , , , , , , , , , , , , , , , , , , , , ,

July 24, 2015 · 10:30

The wrong presentation

The BBC treated its readers half an hour ago to a segment where the title tells all and says nothing (at http://www.bbc.com/news/world-us-canada-33646704), the title ‘Obama urges UK to stay in the European Union‘, we then get a few quotes that matter, even if they give clear voice to another direction. First there is “UK’s EU membership “gives us much greater confidence about the strength of the transatlantic union”“, then we get “the EU “made the world safer and more prosperous”” and it is followed by “the failure to pass “common sense gun safety laws” in the US was his biggest frustration“, which is nice to hear but to some extent pointless.

I wonder how he gets all these thoughts. Perhaps as I speculated in ‘Diary for a wimpy President‘ which I wrote in January 2014 (at https://lawlordtobe.com/2014/01/18/diary-for-a-wimpy-president/), there I wrote “Did anyone consider how nervous certain people in Wall Street were; if their mobile information was known? What if certain links were proven? The accountability of certain people would mean that they could actually end up in jail. Yes, the Wimpy kid in the Oval Office is making certain that certain connections will never end up there (always blame the man at the very top)“, which is a reference not just to the president, but to his advisors, those who are behind the curtain giving voice to what keeps the high and mighty, high and mighty.

So let’s take a look at the quote “UK’s EU membership gives us much greater confidence about the strength of the transatlantic union“. I would oppose that thought, you see, the US requires the EU to remain in disarray, on the edge, because a better EU means a worse US and it should have tipped over the edge two years ago, this continuation can only remain as Germany and the UK are dragged down, if it was truly just about confidence, the US would have stepped forward regarding Greece 6 months ago, but they waited it out, only as Greece was about to get expelled did the President speak up, because a collapsing Euro means a collapsed dollar. I am not contradicting myself here, there is a difference between a collapsing Euro and a weak EU, it is a tightrope game which is partially enabled by the power players of what we would regard the ‘Wall Street gang’, because if the Euro goes, so does their combined 7 trillion dollar life. Now as we consider Greece again when we see the Quote in the Guardian Live “IOBE now fears that the economy will shrink by between 2% and 2.5% in 2015, due to the damage caused to exports, tourism, business investment and consumer spending“, now compare that to the issue I raised in ‘If at first you don’t succeed!‘ (at https://lawlordtobe.com/2015/06/13/if-at-first-you-dont-succeed/), so just in one month, we went from the revelation “the forecast of Greece is 0.5% in 2015 and 2.9% in 2016, I wonder how they got to it all and if such misrepresentation should not be a cause for liability?” to what we have now. Can anyone explain how a forecast has been off by 3%, the danger to tourism was already known, so as we have to go through iteration of managed bad news, we see that there is too much ‘miscommunication’. So reader, realise this part, even with the bulk of the fact known, the forecast was wrong not by 0.3% (which could happen in really bad predicted turmoil), the forecast is off by 3%, which is a massive failing. So, as we get pushed around and as Greece goes from minus 400 billion to minus 550 billion, how could any of the so far surviving members of the EU consider remaining in something that is dragging them all down?

The UK has a few massive problems and the EU is stopping the UK from dealing with them, all this is fine for the US as it needs to stop themselves from drowning, the issues in Japan are just accelerators to all of this. And the words chosen are they not interesting too? Instead of the European Economic Union, he refers to ‘the strength of the transatlantic union‘, is that perhaps an underlying NATO reference?

Now we get to the second part “the EU “made the world safer and more prosperous”“, which is a non-truth, the fact that the EU is now well over 7 trillion in debt counters the statement of safe and prosperous, the fact that only a few got out with loads of cash implies to me that the President is catering to those few, not the 25% unemployed in Spain or in Greece, neither does he take notice trough that statement to the massively rise of people below the poverty line, but perhaps for economic tainted America they do not count, hence they are ignored.

So now we get to the last statement where the president seems to get into emotional mode and refers to “common sense gun safety laws“, yes, that sounds nice, but again, guns do not kill people, people kill people. To illustrate, the latest event gives us three quotes “Dylann Roof, the man accused of a shooting spree that left nine people dead at a historic black church in Charleston on Wednesday night, should not have been able to get a gun“, “Roof was arrested and later charged with felony possession of Suboxone” and “According to his uncle, Roof received a .45-caliber pistol from his father in April for his birthday“, so common sense went out the window, because ‘moronic daddy’ bought his junkie son a gun!

In all this there is one possible upside, with the US president making blundering whoppers like that (decently possibly due to the advisors he has), there is every chance that the coming election will give the next presidency to the Republicans, in all this, they might win by default, because what will shine is that the President waisted so much time on common gun laws that he ignored (read: did not correctly change the power of) the number one killer, which is a 18 trillion dollar debt, a budget that is non-existent and absolutely no control on the government spending.

A mere travesty of the situation when we look at the given reasons to keep the UK in the EU. In the end the people will choose what is best for them and as such merry old England will raise its voice giving direction to parliament, as it should be, that is why the power players are so afraid of monarchies, because the monarchy considers all citizens, not just those with an economic value. In all that, I wonder how he will consider France, because the UK is not the only one who has had enough of all this.

So as I see it, a pleading President came with the wrong presentation, he should take a look at his advisors and the agenda’s that they have, because as I see it, at present his last 18 months seem to be about what cannot be done and who comes next, his current track could invite the event that he gets a beautiful bouquet of flowers as he exits the White House with a thank you note from the GOP, which could be a first in US politics.

 

Leave a comment

Filed under Finance, Media, Politics

Tagged as , , , , , , , , , , , , , , , , , ,

July 13, 2015 · 23:16

Wackadoo for a game

The E3 is done, the 2015 San Diego Comic Con is on and I am missing out on all of it this year. Whether it is addiction, compulsion or enslavement. It might be the last one, yet my feelings for Elite: Dangerous are no less than the same feeling I had when I had when the original  on the Commodore 64 was released in 1985. There was one shop who had it on the first day, which meant a 4 hour train ride, two hours there, and two hours nail biting trip back. Yes, it was one hell of a day, but the result was exceeding expectations, the game would be my number one game to play for a very very long time, all because a friend showed it to me on his BBC Micro B one year earlier (1984).

Enslavement is what I have in common with Greece on several levels. Like Greece, I did this to myself, whether my DNA made me desire this videogame more than sex or whether it is just the animation of pretty pictures that move because of my interaction does not matter, it was all me! Now it is so simple to blame David Braben (like calling him ‘Jerry’), but it is me, only me and I very much realize that.

It seems that the press and many others (like Greek Politicians) cannot see that. So I feel miffed when I see ‘The euro ‘family’ has shown it is capable of real cruelty‘ (at http://www.theguardian.com/commentisfree/2015/jul/13/euro-family-angela-merkel-greek-bailout) by Suzanne Moore. In January 30th 2013, I wrote ‘Time for another collapse‘ (at https://lawlordtobe.com/2013/01/30/time-for-another-collapse/). In there I stated “Greece is fighting just about everything from no longer payable debts and unemployment figures to phantoms of their past“, in February 2013 in ‘The Italian menace?‘ I wrote “Politicians are also to blame. For that I would like to mention papers like “Investing in Greece: an Olympic opportunity”. It came from Costas Bakouris in 2001. The thoughts were all fair enough. However, how much came to happen? How much money did come in?” This list goes on and on, I reported on it well over two years ago, no one truly dug into these matters and everyone seems to live by the credo: ‘if Goldman Sachs can hide it and the press does not report on it, it does not exist‘.

Now, the Greek people will get a harsh dose of the consequences of not holding its politicians to account.

Than 22nd January 2014 ‘Cooking the Books?‘ (at https://lawlordtobe.com/2014/01/22/cooking-the-books/), where the quote by Business Week “Europe’s having a bond rally and the PIGS are playing host. Portugal, Ireland, Spain—and even Greece, where Europe’s debt crisis began—are heading back to the bond markets and enjoying their lowest borrowing costs in years, as investors appear reassured that the region’s sickest economies are on the mend” is centre in all this, the part ‘investors appear reassured that the region’s sickest economies are on the mend‘ is the delusion to outrank all other delusions. In all this there is a link of power players promoting one another through unnamed sources. Greece should have known better! And in all this, as I stated before, these power players will sell Greece down the river in a heartbeat, because the fallout of Italy and France would be massively worse (10 times worse). All what we see now is the direct consequence of inaction, inaction for 3 Greek administrations and especially these last 6 months when the Greeks gave faith to what I regard to be a rock star (Varoufakis) and a paper tiger (Tsipras), all this, a mere consequence of inaction.

Was all this inevitable? Yes, personally I believe so, even though I believe that Antonis Samaras was on the right path, yet overall, that path was just prolonging a bad situation that had no long term future path.

In all this the Press is equally to blame, in conjunction with economic forecasters, power players and political whatever you want to call them. They were all about demonising ‘austerity’, it was all about how bad austerity is. The plain, bland and bitter truth is that austerity is nothing more than keeping a proper budget, yet several of the previous parties are ALL ABOUT SPENDING! Which is delusional! Just like I cannot speed up the release of Elite: Dangerous or No Man’s Sky, they cannot write away debts, there will be a consequence.

So when I read “Alexis Tsipras has fought tooth and nail for something resembling the debt restructuring that even the International Monetary Fund acknowledges is needed. The incompetence of a succession of Greek governments and tax evasion within Greece is not in doubt. But the creditors of the euro family knew this as they upped their loans, and must now delude themselves that everything they have done has been for the best” which is nicely written Miss Moore, but the following parts remain an issue “something resembling the debt restructuring” is not even close to a reality unless you keep your spending in order, which has not been done for decades.

It is her last paragraph that bothers me the most “The euro family has been exposed as a loan sharking conglomerate that cares nothing for democracy. This family is abusive. This “bailout”, which will be sold as being a cruel-to-be-kind deal is nothing of the sort. It is simply being cruel to be cruel“, in all this governments are to blame, in all this the press took a back seat to ignore what needed to be done, keep a proper budget, in all this close to ALL EEC nations failed. You see debt, even governmental one needs to be paid back, that part has been ignored for too long. The EEC now has an accumulated debt that is closing in on the size of the US debt. It almost looks like a plan by the banks in global charge to equalise all debts making them in charge of everything. Is that such a large leap? You see the debt only seems to go down in Malta, Czech Republic and Belgium. Belgium is essential because its debt is already too large, but at least they are making a positive change, only them and no one seems bothered about this. As per today they are all bothered with the upcoming consequences, now as Greece has seemingly pulled the bunny out of the hat, we will see changes of another nature, because Marine Le Pen will not let the momentum she can gain from this unanswered issue and as France is down 2.6 trillion, she will now emphasize on the benefit of moving away from the EEC, which heralds future for France, the French product and the all-round future of France. Is she right? I cannot tell as there are a few too many unknown factors here, but beyond Suzanne Moore there is more to see.

For that we need to look at gung-ho go-getter Helena Smith of the Guardian, who writes “It will take years – decades perhaps – for Greeks to get over this crisis. Catastrophe may have been averted, but it comes at the expense of conscious national failure: an overriding recognition that the state formed after the fall of military rule provided 40 years of peace and stability, but has ended in extraordinary ignominy. The promise of unending progress did not occur. Of all the truths that Greeks must now confront, that will be the hardest“, personally she writes well, but the truth is (as I see it), that the Greek issue will take generations, likely 3 of them to get it all under true control, in all this the deadly issue was not changing when it was possible. A hard-line change in 2005 would have made all the difference, now we get the added pain of a decade of spills whilst the economy is down further and more people are unemployed, all factors changing the game.

Helena writes “In return for a third bailout – this time staggered over three years and amounting to €53bn – Greeks essentially have been told to walk through the valley of the shadow of death. And that is the good scenario. The alternative – Grexit – would have bypassed purgatory but taken crisis train passengers straight to hell“, even that is not completely on par. Yes Helena is correct, but what she (validly) abstains from, is the part that is depicted by ‘the valley of the shadow of death‘ is a road of reformation of administrative law, criminal law, taxation law and taxation regulation. In addition there will be pension reformation and consumer taxation. If any of these matters are not initially resolved in 18 months, with this I mean proper reformation design from day 1 (tomorrow), not a collection of empty meetings with governmental paid lunches and dinners.

It will take long working weeks (50 hours plus) to make this happen in 18 months and that draft will be decent enough to truly change the tides. If any of these changes are not done by then (so even if they get all but one done), than the Greeks will only have hell to look forward to, the Purgatory station will not be an option at that point. Changes that if Syriza had seriously started talking and started on changing them, the last week would never have happened. In all this there is one other advice the Greeks need to take home, no matter how proud they are, their survival will now depend on changing their family structure.

Let me explain, as time is now too short for those who have an option, the Greeks have one option left to survive (if at all). Consider a family with grandparents, parents and children. We call them iteration 1, 2 and 3. They need to sit down and see where the lowest debt is. If at all possible, make to all debts the minimum payments then, take every coin they have left and place that on the lowest debt. Do not hide behind pride and time and just pay them all. Get rid of them one by one as fast as possible. Banks will all state that this will not work, but they need these people all enslaved. Create safety by removing the first debt, then the second and so on. As the debts fall away, so does the interest, Greeks need to make momentum and the banks are ALL about longevity. They will twist, spin and make all kinds of brazen projections, but Greece will be in a bad place well beyond 2020. So the Greek people, if possible need to move away from all debt, after that, whomever has shed the debt, they can move forward, they can acquire and grow.

In all this, it will be another Greece, one that has a retirement system which can no longer work in the previous path, there will be a Consumer tax setting that will up the cost of living and the health care system in Greece will remain a matter of nightmares, possible it can only be accessed through the purgatory station the Greeks hopefully avoided, but in all this, taxation laws will have to change at first light, it will also mean that the very wealthy Greeks will move to another place, not unlike Gerard Depardieu. There is no telling where they will end if they want to avoid taxation of that what they avoided for so long and it is equally wrong to speculate how much taxation is due, I lack the pure data on that. What is cause to all is the dire need for the Greeks (and many EEC politicians) to stop spending money they did not have and money they were unlikely to receive. all this is centre to the fall of Greece and it is not over yet because even though Greece when over the edge, France and Italy are right there with Greece (which is why they were so opposed to Grexit) and with these two we face a 5 trillion Euro tumble, 10 times the debt of Greece.

So are we wackadoo for a video game, are we going wackadoo for the game of economics or are we just wackadoo for a totalitarian enabling of banks through debt?

Leave a comment

Filed under Finance, Law, Media, Politics

Tagged as , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

July 8, 2015 · 10:37

In the lull of news

As people brace themselves for the outcome of another Greek deadline, the US army will find itself cut by 40,000 troops and there seems to be ongoing talks between Iran and interested parties. The last one is the one that feels like it is largely ignored. There is nothing sexy on nuclear talks and unless you are Israel, most people do not care. Yet, is that the clear truth?

This is what the BBC gives us (at http://www.bbc.com/news/world-middle-east-33424502), “The so-called P5+1 – the US, UK, France, China and Russia plus Germany – want Iran to scale back its sensitive nuclear activities to ensure that it cannot build a nuclear weapon“, which sounds of course really nice on paper (and in theory). Yet, when we look at the quote “The sticking points are said to include the duration of limits on Iranian nuclear research and development, guidelines for international inspections and how sanctions will be lifted. Tehran is also demanding that the UN ban on the import and export of conventional arms and ballistic missiles be lifted as part of any deal”

We have to wonder for how long this ‘agreement’ will last and why we see ‘export of conventional arms and ballistic missiles‘, why is that? Perhaps certain Middle Eastern parties have been waiting on a Misagh-2 delivery? It might just be another model, so as we might understand that Iran would want to open options for import, the reasons for export are a little fuzzier as well as who would buy them? Russia? They have excellent missiles themselves and they supply them to nations all over the world too. So the question becomes, why allow for export? Especially when a captured stockpile of IS showed “26 of the recovered shells were made in Iran, an ally of Assad’s, and 18 were made in Syria itself, the report states” (at http://foreignpolicy.com/2014/10/06/where-does-the-islamic-state-get-its-weapons/). So certain parties are already getting arms somehow under an embargo, when the floodgate opens, the balance of power will shift in the Middle East, especially as certain parties are getting funded somehow (reference to Hamas). So even as we might not like, but could not openly object to Iran improving its defences (from Russian Stockpiles) there should remain a strong vigilant approach to not letting them export weapons of any kind.

In the Jerusalem Post we see the headline ‘Iranian official: US will remain our enemy despite emerging nuclear deal’, which is fair enough, and the quote “”Our enmity with them is over the principles and is rooted because we are after the truth and nations’ freedom, but they seek exploiting nations and putting them in chains” he explained further” is fair enough, we can’t all be friends, yet the problem is that its military commander stated ““This is the duty of the Muslim world to obey the order of the Supreme Leader of the Islamic Revolution (Khamenei) and arm the Palestinian people so that a powerful response will be given to the Zionist regime,” said Brig. Gen. Ahmad Reza Pourdastan, commander of the Army Ground Force” not too long ago (august 2014), which beckons the dangers of letting Iran export weapons. Consider that a mere lieutenant or a master sergeant can lose certain items in his depot at times, so how much can get ‘lost’ in a depot when a General is calling the shots?

Is that so far-fetched?

This is at the core if the issue, the heart of the matter is quite a different thing here.

You see, the core is about the enrichment. LiveScience had an interesting quote “Separating that type of uranium from the more common variety requires a great deal of engineering skill, despite the fact that the technology needed to do it is decades old. The challenge lies not in figuring out how to separate uranium, but in constructing and running the equipment needed for the task“, so if we accept “The key to their separation is that atoms of uranium-235 weigh slightly less than atoms of uranium-238” so if the approach of a centrifuge gives us “Each centrifuge pulls out a little bit of uranium-238, and then passes the slightly refined gas mixture onto the next tube, and so on, until many hundreds of thousands of spins later, the gas remaining in the tube is almost entirely composed of uranium-235” a clear explanation by Jeff Binder, the isotope production program manager at Oak Ridge National Laboratory.

Yet is that the only way? Stanford University has a course called Physics 241, where we see Uranium Enrichment by Misam Jaffer, who also gives us “Laser separation: The use of laser separation for uranium enrichment is based on the principle of differential photoexicitation of isotopes of uranium by the use of monochromatic radiation. One such process is the Atomic Vapor Laser Isotope Separation (AVLIS) in which the laser light used photo ionizes a particular isotope while not affecting the others and changes its physical or chemical properties which are then utilized to separate the desired isotope, which in uranium enrichment is U-235. In doing so, the U-235 ions are positively charged and hence are attracted to a negatively charged plate and collected“, we will get all kinds of ‘experts’ telling us how this is not as efficient, or other words added into telling us on how this is not good enough. Yet, with Brig. Gen. Ahmad Reza Pourdastan in charge in Iran, ‘good enough’ is not the issue, the issue becomes, is it good enough to make a dirty bomb?

That is the fear Israel has been dealing with, because when missiles start flying from around Rafah, they will not need a hit, it just needs to get close enough to Beer Shiva, Ashkelon and Tel Aviv to make the issue evolve into something truly terrifying for the middle east, because at that point the US has absolutely no chance of getting a hold of the situation. the fact that some of the negotiating players have no clue (or do not care) regarding that danger is seen in the quote “Foreign ministers of the other powers started to return to Vienna on Sunday to help push for a swift deal“, please give me one example where a nuclear ‘swift deal‘ was ever a good idea, and in light of the glow in the dark consequences, should the word ‘swift’ be allowed to be used?

You see, the end quote “US Secretary of State John Kerry said on Sunday that reaching an agreement is possible this week if Iran makes the ‘hard choices’ necessary, but if not, the United States stands ready to walk away from the negotiations” sounds nice, yet the reality is, is that the US has not had any clear defining diplomatic victories for a long time, in that light, the word ‘swift’ is not that reassuring and I feel 99.53324% certain (roughly) that it leaves Israel with not such a good feeling either, especially that any lifting of the embargo means that their Iron Domes might have to work overtime soon thereafter.

The last part is not just an assumption, with many newsreels on missile attacks on Israel in 2015 alone.

So how did we get from Iran to Israel? Simple, Iran is an open supporter of Hamas. In addition, the top leaders of the Iranian military are eager to carve their names in history in anti-Israel acts and Hamas is eager to oblige. The fact that ISIS is all over Gaza and the Sinai only makes matters worse. So as some might strip away parts of any embargo on Iran, they should also keep a keen eye on what they give away, because it seems that the issue is not just ‘what could aid Iran’, but these people are also contemplating (on a daily basis) ‘what could hurt the US and its ally Israel’, there is not too much on that side of the equation, which makes any ‘swift deal’ a worry for several players (read victims) involved.

 

1 Comment

Filed under Uncategorized

Tagged as , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,