Tag Archives: Independent

Will the punishment fit the crime?

There are crimes out there, some are small, some are not called crimes, they are labelled as an ‘improper offense‘, these offenses are offenses, yet so small that the CPA might decide not to look into the matter.

The Guardian had an opinion piece on the Arms trade two days ago called ‘Is the government turning a deaf ear to arms deal bribes?‘ (at https://www.theguardian.com/commentisfree/2019/nov/18/attorney-general-geoffrey-cox-gpt-arms-deal-corruption), now this is an article on bribery, one would consider it to be an improper act, optionally a crme, yet the facts do not bear this out. The setting is not that someone enriched themselves, no, they stated that they spend less than an addition 1%, almost 30% less than one percent to secure a contract: “to win a £2bn contract to provide communications and electronic warfare equipment to the Saudi national guard“, the so called former employee of GPT “Ian Foxley. When he was about to blow the whistle, he fled Saudi Arabia overnight fearing that his life was in danger“, the fact that we overlook ‘the fact that he was merely allegedly fearing that his life was in danger‘ is the first part, the fact that the bribery was there would be an issue for the Saudi Government to pursue (one would imagine), we see in the cold light of day that someone spend 1% extra to make sure that the order was accepted, OK, by law it would be an offense, it would be an ‘Improper offense‘, it might be a crime in Saudi Arabia as well, but they are seemingly not pursuing the matter are they? When we look at the black letter law we see that there is optionally a case to go after GPT Special Project Management, a UK-based subsidiary of the European aerospace group Airbus, yet in light of the thousands of cases not touched, and the fact that there is no actual victim here, should we pursue? Don’t get me wrong, corruption is nothing less than the proverbial blight on life, yet the EU gravy train is not stopped is it? Corporations are not being pursued in light of their activities to self-enrich themselves, are they? Yet there are a lot of eyes on anything accomplished in the Middle East, in this case in Saudi Arabia, I wonder if Ian Foxley would have shown the same candour if the buyer was the US, and they have the Foreign Corrupt Practices Act. And there actually have been cases on that combination. Siemens (2008), Marubeni Corporation (2012), Biomet Inc. (2012), Goodyear (2015), and there have been plenty more, yet why is this one case important?

It is not seen immediate, or not until you take a longer look at the UK Bribery Act 2010, The BA 2010 received Royal Assent on 8 April 2010 and entered into force on 1 July 2011 in the UK, a guardian article spent a little time on it in 2013 (at https://www.theguardian.com/world/2013/jun/10/whistleblowers-snowden-truth-sets-free) there we see: In 2010, Ian Foxley was working as the programme director for a British subsidiary of defence giant EADS on a £1.96bn contract to modernise the communications systems for the Saudi Arabian National Guard. When he came across evidence of corruption and bribery he fled the country and reported it to British officials“. There is an overlap, the UK Bribery Act 2010 was not part of law at that point. The act was not entered into law until 1st July 2011 in the UK, this does not make the act of Bribery all right, it merely states that an act that is privy to the Prevention of Corruption Act 1906, and there we will learn that he agent might optionally be held to the dock, but it will not apply as the one bribed was allegedly part of Saudi Arabia, hence not part of England and Wales, Scotland, Northern Ireland, Republic of Ireland. It is the little things that make life satisfying, and the Guardian hiding behind “The delay in making a decision speaks to a deep malaise: suggesting that Britain is simply unwilling to prosecute major companies that are accused of paying bribes to foreign politicians and officials” is both unfair and incorrect, an alleged event took place in the time when the law was being adjusted, is it not interesting on how this one case, a case that should be in the hands of Saudi Arabia to consider prosecution (for the most) seems to get such attention, it seems that Anti-Muslim issues are rearing its ugly head, you see that statement is also alleged, yet I see no such news prosecution regarding Smith & Nephew paid US$22.2 million to the DOJ and SEC in 2012 regarding a deferred prosecution agreement. The idea of “possible improper payments to government-employed doctors” seems to hit people in general, but there is no real overwhelming amount of news there, is it? It seems to me that we are in a larger caser of ignorance when it comes to non-Muslim considerations, oh and that was in the US, how many prosecutions and investigations did Stephen and Nephew face in the UK? I am not telling, I am asking, the news does not seem to make mention of that.

There is also the case CAS-Global Ltd. and the Private Nigerian Coast Guard Fleet (at https://sites.tufts.edu/corruptarmsdeals/cas-global-ltd-and-the-private-nigerian-coast-guard-fleet/), the Independent was seemingly the only paper taking a look at that (at https://www.independent.co.uk/news/uk/crime/two-british-businessmen-arrested-on-suspicion-of-involvement-in-sale-of-naval-vessels-to-nigerian-9991217.html), as I see it, the Guardian might not be guilty, it does have a few explanations to hand out, it will seemingly lash out at Saudi Arabia, but not much beyond that, Nigeria is loving it, I wonder how Saudi Arabia feels about being singled out and let’s face it, I personally perceive the GPT issue what could be set as an ‘Improper Offense‘, so I leave it up to the powers that be to decide, that was Jeremy Wright, trying it again and having Geoffrey Cox decide on it is a little childish, but OK, such are the rules, yet no one is asking questions too loudly on the Nigerian private security company setting up some similar form of payment for services whilst this involved selling 6 Norwegian former naval vessels to a privately owned security firm? And why does it matter, because like me two British business subjects thought it would be lucrative to enter the arms dealer world. It is a whole different level is it not? Robe Evans and David Pegg did write a good piece, and it is an opinion piece and we are and should be asking questions, yet I wonder if the writer intended the questions that are on the mind are the ones he wanted us to have on the mind.

The fact that in this day and age, whilst the UK STILL has not figured out its tax laws on properly taxing corporations filling its pockets in the UK whilst paying so little tax, it should be regard as an insult, are given all the space they need and the laws we see enable them and seemingly set the stage where other cases are not ignored for a decade, all whilst that one case had no real UK victims. OK, I admit that this is the wrong direction to go, but there are cases with an abundance of UK victims that seemingly do not get the attention or the jurisprudence it deserves, should that not be a first for the UK?

It is just one part in all this that we should consider before we consider anything else. And when we compare the Norwegian Navel issue towards private companies and one deal going towards the Saudi Government, where was our focus? That is before we see the elements in the Smith & Nephew deal, so they paid for it in the US, yet how much investigations was done regarding their actions in the UK?

 

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The deal

There is a deal out there, at least in the UK. There are all kind of deals out there, the consideration is all in the eye of the beholder, yet what is the deal?

The independent has a few views, the first one is ‘Labour and the Tories are both desperate for a taxpayer-funded spending spree – I don’t trust either of them‘ (at https://www.independent.co.uk/independentpremium/labour-conservatives-general-election-spending-plans-economy-a9195736.html), yet its by-line has an interesting thought ‘makes me wonder who is actually monitoring the books? Who is in charge of the economy?‘ Yet that is he issue and it has been n issue for close to a decade. Another article is focussing on ‘Which chancellor would you prefer to ruin your life? Sajid Javid or John McDonnell?‘ (at https://www.independent.co.uk/voices/sajid-javid-john-mcdonnell-general-election-chancellor-brexit-labour-a9192161.html), yet in the guardian we see: ‘Labour derides £1.2tn Tory costing claims as ‘work of fiction’‘ (at https://www.theguardian.com/politics/2019/nov/10/labour-derides-12tn-tory-costing-claims-as-work-of-fiction-corbyn) there is a larger issue at play, there is no doubt that both sides have parts that make sense, yet both are as the Guardian states ‘Both parties have promised significant increases in public investment, funded by government borrowing‘, this is however not a great time.

The dangers that are out there is the fact that Austerity is a path that is slow and cannot be fast, there is still a decade of austerity at the very minimum and this spending spree will add half a decade. The Guardian also gives us “The independent Institute for Fiscal Studies (IFS) has said the Conservatives’ investment plans would amount to an extra £20bn a year, and Labour’s to £55bn a year” whilst tempering this with “Javid declined to say whether the Conservatives would implement promises made by Boris Johnson during his campaign to become leader, which included an increase in the threshold for higher-rate tax to £80,000 a year“, the problem with that part can be seen through the numbers giving by the government (at https://www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/incomeandwealth/bulletins/theeffectsoftaxesandbenefitsonhouseholdincome/financialyearending2017), and that is merely two years ago, so when we look at the chart, how much of that collected money will give any kind of relief towards austerity?

The problem is that the people are sick and tired of austerity, but that was going to be the controlling majority to deal with debt, we can call it ‘austerity’ or we can call it ‘debt control’ the UK cannot continue the spending it had done for the longest case, not if they do not want to be vassals of banks, and the problem is that the largest collection of banks are those out of the UK, the only way is to fall below that spending spree and that is not a popular solution to listen to. Yet the numbers are clear and I get to laugh out loud for almost a year as Labour made these promises whilst the budget just didn’t allow for it, and the funnier part was that the proper taxation was key, not merely the richer people all people and more important corporations, yet Labour did not really give any of us the view that corporations were to properly taxed, were they? And the one chart I gave you shows that taxing the right will not give us anywhere near the funds required, so why is Labour connecting to its members with fairy tales and a conundrum of stories that could be minimised to a level that gives them the reality of a magical roundabout (the one with Eric Thompson doing the narration). The situation is that bad and we are just not catching on, why is that?

In that case the Libdems get closest to it by “The Liberal Democrats’ central spending pledge is a radical increase in childcare, which they said would be free for all working parents from when their child turns nine months old, at a cost of almost £15bn a year. They said they would fund it by reversing corporation tax cuts and increasing capital gains tax“, I wonder how much you can tax capital gains tax, and I have questions on how you will ‘reversing corporation tax cuts‘ but they do have the right idea in part, as I see it ‘reversing corporation tax cuts‘ is the better stage, and what do you think will happen? Apple will suddenly decide to reduce new locations from 15 to 10 (no great loss there) and others will follow suit, when the going is less profitable they will all vacate towards ‘bonus share’ percentages and all of it out of the UK, I personally believe that it is time to stop giving into the need of corporations, but that is just me. And the most important part remains, you cannot do any of the spending until taxation is clearly established, All parties need to learn that inescapable truth, because it is already too late for alternatives, the UK, the US, Japan and the EU have been playing the spend card for too long and whilst collections have been delayed and outstanding the world has no reserves left, this generation is the first one handing out money that was means for the grandchildren, and we all let them do it. And whilst we read ‘Javid has adopted a considerably more relaxed approach to balancing the books‘ with empty persuasion we forget that they already ended up spending the money that was meant for our children and now they are busy spending the funds meant for the grandchildren and I wonder what excuse they will use to let that continue?

There is a larger inequality and that inequality is not addressed, why is that?

And when it comes to excuses “The Brexit minister Kwasi Kwarteng also sought to defend the Conservatives’ calculations on Sunday, but refused to give an equivalent for his own party’s spending plans. “I’m not going to bandy around figures,”” The question is what is worse, not being into the act of bandy, or giving us fairy tale figures? I honestly cannot decide, omission or denial, both seem to be keeping the voters away from having a judged informed decision and as far as I can tell, none have any idea of where they will get the money from to fund whatever they need to get elected. At present the UK has a debt that amounts to 86% of GDP, whilst Germany has one that is a mere 62% of GDP, now there is an additional side, Germany has a much larger GDP as they are supplying for the need of many, the UK does not have that option, As such it amounts to £2.265 trillion and that amount grows well over £5,000 per second, as such the debt might seem a mere £62,500 per taxpayer, but when we look at a debt of £36,400 per citizen do you think I was kidding when we are currently spending the money that was meant for the grandchildren? With a debt of £2.265 trillion, the interest cannot be below £225 billion a year, so when you look at the total collected taxation, did you think that the previous chart gets anywhere near that amount? Oh and for Germany (in comparison) €1,990 trillion Euro, yet their debt is diminishing, it has been that case from 2010 onward when it was at €2.035 trillion Euro. Germany is ahead of the UK there, and for now it might be €48,000 per taxpayer and €24,000 per person they are merely seemingly in a worse place, yet their total debt is still going down every second, the UK debt is still increasing and until that comes around the UK has no cause for cheering or for some debatable spending spree.

The rich cannot fill that gap, anyone who says differently is lying to you, it is time to fill the gaps, reversion tax gaps is one part and making corporations accountable for whatever scheme they have next is another part, it is time to let corporations pay for their mistakes, as we need to hold the ruling parties accountable, the clear path seen is the fact that whatever is available for your grandchildren is diminishing and your vote is a clear path in stopping that. So make sure you follow the right party, I’ll let you figure out who that is.

Oh and one small consideration, when the entire EU, the UK, the US and Japan, Russia and China all have debts in the trillions, where do you believe the wealth of the world is?

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The foundation of a blame game

It was the Independent that gave the headline ‘Tens of thousands of operations cancelled because of staff shortages and faulty equipment, NHS figures show‘ by Vincent Wood about 13 minutes ago, and the by-line gives us ‘Labour blames ‘Tory cutbacks running our NHS into the ground’‘ did anyone catch that? Did anyone catch the issues that were given over the last 5 years, not eventual new issues bu the Conservatives, but the destructive path of Labour? “The Labour party bungled the option to get part of the technological solution implemented that could have helped the NHS (perhaps you remember the loss of roughly £11.2 billion in NHS IT restructuring)” did you think that a loss of £11.2 billion is easy to wipe away? That loss hit out into every corner of the NHS, £11.2 billion in IT, in Systems never delivered and the need to do something, so as Labour make some claim as we see printed: “The simple truth is under the Tories, patients wait longer and longer for vital care. This general election is about the future of the NHS and ensuring quality care for all. Labour will fully fund our NHS, recruit the doctors and nurses we need and safeguard our NHS from a Trump deal sell off that could cost the NHS £500 million a week” my question becomes: ‘Will any Labour MP connected to the initial NHS spending disaster be removed from politics?‘ it is a fair demand, is it not? And as I see “The figures were compiled by the Labour party, is based on responses from 82 per cent of hospital trusts” I wonder what else they wrote up and connected down, now we cannot keep on bringing up the £11.2 billion, but it had to come from somewhere, did it not?

And how did we get to “staff vacancies continue to put the health service under strain, with the NHS reporting last year it was short of 100,000 staff including 10,000 doctors and 35,000 nurses“, shall we take a look at the state of things in 1997 – 2010? Then we also need to look into the state of things from 2010-2019. Shall we take a look on the changes required in 1997-2010 and the impact of the Economic meltdown? Now the second part is not on the heads of labour, but there was a definite impact, it is so easy for Labour to make a definite push to ignore that and in the years when it mattered Labour squandered £11.2 billion, that is a whole boatload of systems and thousands of nurses and doctors. Interesting how they ignore that part of the equation.

So as Labour hides behind “the statistics obtained via a Freedom of Information (FOI) request” shall we ask to include the amount they squandered? And whilst were at it, let’s take a look at the squandered part compared to that nutshell trust charity requiring ‘the amount needed to repair faulty equipment across the service provider at £6bn‘ let’s see what is left when we compare one to the other, it seems that Labour is all about forgetting one element in this equation.

The article (at https://www.independent.co.uk/news/uk/politics/nhs-operations-cancelled-tens-of-thousands-official-figures-tories-damage-labour-a9183636.html) has a few more idle hands in all this and I am not stating that the Tories are entirely innocent here, but the joke that is regarded to be Labour’s shadow health secretary seemingly decided to ignore the heart ship that £11.2 billion squandered had on the services of the NHS, in addition the loaded debt on the government corporate credit card did not help any, in that regard the Tories are not innocent, i am not claiming that, but the ignoranus that is Labour better get their part right, because the people should be aware of that £11.2 billion fuck up called Labour IT plan, and the issues from there were widespread because that amount had to come from somewhere. And when we start looking at the surplus that the Labour party should have created but did not we will get to an amount that is a lot less representative of what actually should be the consequence of the NHS, amounts and numbers of staff that has been too low for almost 2 decades. When we look a NHS Digital we get that (at https://files.digital.nhs.uk/publicationimport/pub00xxx/pub00912/nhs-staf-over-1996-2006-rep1.pdf) we might think that a good job was achieved with “The number of staff in the NHS has grown every year to 2005 with a small fall in 2006. The workforce is now 27% larger than in 1996“, yet how many SHOULD have been added? When we look at ‘Total staff employed 1,338,000‘ this includes ‘professionally qualified clinical staff 675,000‘ is that not a low number? Remember the earlier ‘the NHS reporting last year it was short of 100,000 staff including 10,000 doctors and 35,000 nurses‘ how come that this number is so divergent from the initial numbers that at the end of Labour was given? How many positions got fired? Yes, there is something wrong and a place like the NHS is dependent of what the government has available and that part is also missing from the equation, so when we start drilling down the numbers Labour comes off as insincere and the usual yokes that they are. All yellow, icky and not really to any point are they?

Oh, and the numbers also calls into question that training places are lacking in a few corners and degrees, so as we are looking at that part too, how did Labour address that in their term? It is important, not because it stops Tories being responsible, it does not, but it does show a systemic problem in the matter and that goes beyond the political element here, there was a shortage for funds and the so called British professional medical degrees should have made a larger and louder complaint in all; this, perhaps it was done, perhaps it was not, but the article does not give light to any of this and it relates to a direct quote that Vincent Wood relies on. And it all related back to the failings that Labour introduced in their term from 1997-2010, so this issue is a lot larger than anyone realises and leave it to the Labour party to add their own failures onto the Tories back, it merely makes no sense to do so, the numbers are out there and it is time to hit Labour with the long term damage that they pushed onto at least half a dozen directions, or did you think that tapping the £11.2 billion NHS vein was the only bloodletting they allowed for? I also believe that certain questions need to be asked towards British Medical Association chair Dr Chaand Nagpaul. He was a topic of investigation in my article ‘As a Puppet‘ in May 2017 (at https://lawlordtobe.com/2017/05/18/as-a-puppet/) when I also had a go at the Labour manifesto, I also wrote at that point: It states: “The people of Britain are rightly proud of the NHS and we will invest £12 billion over the next five years to keep it working for them“, so we get a little over £6 million a day, or slightly more than £200 million a month, so where does this £350 a week ‘pledge’ come from? The independent (at http://www.independent.co.uk/news/uk/politics/conservatives-must-make-manifesto-commitment-of-350m-a-week-for-the-nhs-say-doctors-a7739401.html) shows us: “Doctors, academics and public health officials have called on the Conservative Party to include in its general election manifesto a commitment to spend £350m a week on the NHS, in keeping with the notorious posters of the Vote Leave campaign“, which makes me wonder where the actual pledge comes from. So it seems that Dr Chand Nagpaul and Norman Lamb are both missing a few parts here (I am happy to be proven wrong)“, so not only is the claim debatable, yet I wonder what the numbers then and now represent, yes a 2017 number in this day and age will show a total lack of change towards today, is that the case? From my point of view Dr. Chand Nagpaul has a few explanations to make and I get it, he is watching his own turf and what he’s in value, there is nothing wrong with that, but how much has he achieved in spreading the love of budget? And all this is also linked to the January 2017 article where we see: ““Coventry and Warwickshire NHS chiefs fork out £340,000 for advice on how to SAVE money” (at https://lawlordtobe.com/2017/01/15/the-views-we-question/)“, so how much money was forked out by NHS chiefs on how to save money and how much did they safe in the end?

There are a few issues that are open all over the NHS and the Labour party, but in case you were not aware, I am happy to inform you.

Have a great Monday! #Justsaying

 

 

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Just like TV

There will be a discussion soon enough whether TV gave the idea to fund extremism and terrorism. I am referring to Blacklist, an episode from season 3 called “Arioch Cain“. In this episode someone decides to use crowdsourcing to get the main character Elizabeth Keen assassinated and soon enough, through crowdsourcing a price of over $700,000 is on her head. That amount tends to attract all kinds of enthusiasts, especially as hardware relying on ammunition in the US is dirt cheap.

This gets us to two articles in the independent ‘British far-right extremists being funded by international networks, report reveals‘ less than an hour ago (at https://www.independent.co.uk/news/uk/home-news/far-right-extremism-terrorism-tommy-robinson-funding-international-a8937116.html), as well as ‘How crowd funding helps far-right extremism spread round the world‘ also less than an hour ago, but the same writer no less (at https://www.independent.co.uk/news/uk/home-news/far-right-extremism-crowdfunding-tommy-robinson-a8937311.html). The entire setting is not unexpected. I foresaw this to some extent in 2013 when I reported a certain stage where Facebook games had their own chat rooms and some chat rooms started to change languages. Now, I have no idea what was discussed, or even that anything nefarious was discussed, but the fact that some of these chat groups were private and the fact that they were close to 99% certain not monitored would give certain kind of people options, the fact that one could fund another through pay pal was a second stage in all this. The consideration that the episode was aired almost 4 years ago is also a factor, in 4 years people try alternatives and both the extremist as well as the terrorist population are always willing to try something that cannot really be monitored, so there.

The first article gives us: “Analysts at the Royal United Services Institute (Rusi) found that despite an increase in extreme right-wing attacks, efforts to disrupt terrorist financing were still focused on Islamists.

A report said a lack of work to find the source of money flows and stop them had allowed prolific extremists and groups to build huge platforms in the UK, US and Europe” as well as “the funds gathered allowed fringe groups to expand their reach with potentially deadly effect” cannot be ignored, and here we have the intersection. although let’s be clear I was looking at one source for very different reasons, I am now quoting: “I have had to clean up the mess of others for well over a decade and now it is time to give those people the exposure they deserve (my findings regarding Credit Agricole will have to wait for a few more days)“, Which I wrote in ‘The Scott Pilgrim of Technology‘ (at https://lawlordtobe.com/2019/05/23/the-scott-pilgrim-of-technology/), it is indirectly linked as Rusi (at https://rusi.org/sites/default/files/201606_whr_3_16_countering_proliferation_finance_v2_0.pdf) gives us “Several other banks have faced smaller fines by US regulators for similar offences, ranging in the hundreds of millions of dollars; they include HSBC, Deutsche Bank, Standard Chartered, Barclays and Crédit Agricole.

I was looking deeper into Omani credit notes which were handed to Iran for goods, but at the current oil prices (the price then) the numbers were not adding up, it was like looking at 10 tankers being paid forward, or someone sold oil at $230 a barrel, which seems even less likely and at trade prices there is no tanker large enough to facilitate the oil. As I was aware and familiar with bills of lading, parts did not add up and I decided to dig deeper, only to find that I had forgotten to save the links and that virtual location was suddenly gone the next morning (that will teach ME being stupid). Somehow one of the links seemingly implied Credit Agricole (a non verifiable number) and that is where I was last week, now I see the Rusi paper and I wonder what their servers could teach me. It was by the way not a new issue for me, I looked into parts of this in June 2018 when I wrote: ‘The Iranian funds play‘ (at https://lawlordtobe.com/2018/06/07/the-iranian-funds-play/).

The paper also gives us on page 13: “Financial institutions rely on governments to be explicit about their expectations and to provide guidance on how best to meet these expectations“, which is not really realistic when they rely on ambiguity, but the setting is fair and as such we also see the failed setting to deal with extreme right players. I personally believe that when we consider: “FIs are thus faced with a dilemma, in that many wish to meet US expectations in order to avoid penalties, but do not enjoy advice or assistance from their home governments to enable them to direct their efforts appropriately. Most are largely left to determine on their own how to address risks associated with CPF or related sanctions, other than simply screening against UN sanctions lists“, I believe that some of the players considered the benefit of using players like Oman to set the stage of both deniability and facilitation via a fourth person (as the bank was the third piggie in the middle), they get none of the heat and all of the bonus that way. I believed that some French players found an optional resolution to keep their vineyards safe and well-funded. It works for me; I would love to retire in the Cognac area making my own grape juice ambrosia (aka: Jus de raisin maison). The fact that this is all about billions in the other setting, my 1% slice would look super dandy. In case of the Lizzie Dearden articles, we see that the anonymity allows those who shun the limelight to make an ‘effort’ to keep imbalance through extremism, or what some call the Tommy Robinson political resolution, The article gives us: “white nationalists Generation Identity and neo-Nazi terrorist group National Action among the British actors profiting from “international connectivity”“, do you really think that it is limited to that group? All those white collar board members who cannot be seen with their fingers in the cookie jar have no qualms about buying a bakery, so that they can have the jar at any given moment. At that point yesterday’s article also gets another dimension, when big players need to rely on consultants with a given for fear mongering, how did the media ignore that? Examples are abound, for example articles that rely on ‘should’ 9 times and “The primary danger is the repeat of the fears that many investors had to face in 2018” and the entire paragraph is in the article twice. It is ways like that fear is brought and reinforced, when this is done, there is no trail, no conversation and in the end the crowdsourcing methods are the best to keep it all anonymous. It matters, because the intelligent extreme right player works not through shouting, but through reinforcement of the argument, they aren’t all stupid!

When Rusi looks at Tommy Robinson (Stephen Yaxley-Lennon) we get that: “he had profited from both significant support from foreign donors and crowdfunding from individual donors around the world” this does not come through shouting, it comes from enforcing fears and give examples that are current, does that sound familiar?

Do you think that a Philadelphia-based think tank spends £48,000 on silly shouters? Do you think that the quote: “Robinson was also a beneficiary of a “fellowship” from US tech billionaire Robert Shillman that bolstered his salary from Canadian website Rebel Media, where he worked from early 2017 until February last year” is unique? People like Robert Shillman are rich enough not to care, they are too rich and their view is often accepted because they are super wealthy, so they are regarded as successful, but there are dozens who still fear the limelight and crowdsourcing is a solution to fund many others (far right or far left) with an optional handle on extremism, Lizzie Dearden gives a good view on it. There is one part I do not agree with, even as nothing Keatinge writes is wrong. When I see: “crowdfunding allows extremists to build international platforms that spread hate to wider audiences“. I can tell that he is not wrong, but overlooks the optional larger issue. It is not spreading hate, it is illuminating through half-baked examples that the current solutions are not working. It is not the hate part, but the ‘your kid does not have a job, because an immigrant was overly happy to accept that job at minimum pay‘ that is what sells the larger imbalance. Ignoring the truth that every boss tries to cut costs any way they can, as they are misaligning the cost of doing business, we see that an entire generation is pushed to minimum income, even those with good degrees, add to that age discrimination and we suddenly see a shift that is much larger, it is not promoting hate, but caressing the frustrations of the working class that is much stronger and a larger growth concern. Most do not react to hate, but we will respond to the frustrations that they are hit with every day, that is the part Rusi missed (or so it seems).

There is also an issue with: “Crowdfunding is a vulnerability in the system, it’s a way the internet presents funding opportunities that have not previously been conceived” the issue is not that it is an option, it is that this ‘solution’ has been around for 20 years and no one took a hard look at the options that crowdfunding offered until it was too late. Even as we all seem to focus on Star Citizen (2015) that raised $77 million, the fact that the idea goes back to Auguste Comte (1850) gives rise to more issues. The internet might have made the idea global, but there was a larger issue for the longest of time and the fact that we see a project 4 years ago amass $77 million gives rise to larger concerns. Especially in light of lone wolf dangers that have been around a decade earlier. so even as we see the recognition through: “Senior law enforcement practitioners have suggested that non-violent extremism is often the first step in a process of radicalisation that ends in terrorism, which is why financial analysis into nonviolent extremism should not be overlooked“, the very notion of the text in the Rusi paper on page 17: “The only indicator that appears to be specific to proliferation financing risks relates to whether shipped goods are incompatible with the technical capabilities of the destination country. This highlights a third problem, which is that in order to be able to gain this understanding, an FI would need to: understand the precise technical nature of the item and its potential applications (information that may not be available with sufficient specificity); assess the industrial state of the destination country, including its possible nearterm expansion“, you might recognise two problems. The first is that ‘shipped goods‘ becomes a larger issue when they are spare parts. Consider that some caterpillar crane parts are strong and massive enough to create a stable multi scud launcher, more so when assembly and disassembly could be achieved in under an hour. What is Israel going to do? Bomb a crane? When you realise that the issue grows tenfold with electronics, some might see on how far crowdsourcing could finance a network in Europe and as this danger has been largely accepted since as early as 2012, the entire lack of activity in this realm of non-monitoring makes even less sense. The second part is ‘potential application‘, how many people look at a Caterpillar of Hitachi Crawler crane and considers the spare parts to be the foundation of an optional Scud launching solution? Let’s face it there is no flag that would be raised regarding a construction firm receiving spare parts for their crane.

Now we understand that Rusi made a paper that focusses on the issue, and there is nothing wrong with the paper, it is actually excellent. My issue remains and on page 20 we get the good stuff: “All FIs interviewed for this study said their institutions employed sanctions-screening software to check incoming and outgoing transactions against UN-designated entities, and all were doing so prior to the advent of FATF Recommendation 7.” when we get the ‘UN-designated entities‘ and not the check of facilitators, we see a large delay (in case issues are found), and we get a problem when the situation is not the designations, but the fact that both sides have a middleman and these people talk to the match makers, so we now have a party of five with a Chinese wall in place and the stage where more likely than not, the three in the middle are not on any list, especially the matchmaker, who uses a range of ‘middle man’ for each idea with each transaction, when the transactions become fragmented the chance of not revealed becomes a lot more likely than not and crowdsourcing enables this to a much larger degree, add to this the dark web and bitcoin and we get a mess we cannot decipher. If the facilitators go to the tax office and give them ‘I had a one off consultancy job for a year‘ and pay their taxation on time, it all goes into the IT revenue taxed and not one pig will be squealing, not even as it gets roasted whilst the ‘consultant’ brought home the bacon.

They merely need to consider the office location so that it aligns with: ‘due to the lack of legislation in some jurisdictions to allow an institution to support an asset freeze‘ and the solution is there. And that is when the amount is large enough, when it is smaller, almost never ever true action will be taken, the extremists, political or other can use that system any way it jingles to the beat they needed to hear.

It is a case of musical chairs where the rewards for some really stack up, just like on TV.

 

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Is it really Russia?

The independent was making us aware a mere 11 hours ago that ‘Russia and far right spreading disinformation ahead of EU elections, investigators say‘ (at https://www.independent.co.uk/news/world/europe/eu-elections-latest-russia-far-right-interference-fake-news-meddling-a8910311.html), now it might be that Russia is trying to make waves, yet the reality is that politicians and their allegiance to big business are already spreading enough misinformation (read: one sided information) to make the people distrust these politicians. I partially discussed this yesterday in ‘The Mental delay‘ (at https://lawlordtobe.com/2019/05/12/the-mental-delay/). So when I see: “It is to constantly divide, increase distrust and undermine our faith in institutions and democracy itself“, my response would be: “Do not worry, Tony Blair is already achieving that, he does not need the Russians to achieve that goal.” So, when we consider that, what is my angle? It is a fair and important question. The matter involving the Brexit party and Nigel Farage have escalated because of inaction and attempts to sway against a referendum that had already been decided. The Business Insider (at https://www.businessinsider.com.au/remain-wars-britain-anti-brexit-parties-tearing-each-other-apart-change-uk-liberal-democrats-2019-5) is giving us: “the prospects for remaining in the EU appear on the surface to be better than ever before, bickering between the country’s anti-Brexit parties now risks throwing that advantage away“, which is odd as the referendum for Brexit was won, so it seems that the voice of the people is openly ignored, and it angers half the nation, so they are willing to let Nigel Farage sort it out for them. Yet the Business Insider also shows another side. With “Change UK instead decided to go its own way, writing off the Lib Dems as spent force and calling on its members to quit and jump ship to Change UK, with the mission of quickly becoming the premier anti-Brexit party“, we see different groups, all wanting to be the captain, so that they can reap the rewards from large corporations, I’ll admit that the last part is my own speculation. You see big business is never about rewarding the group, merely the one keeping them all in check, that is what big business needs and it makes the Bremainers infighters, all wanting a taste of that sweet pie of victory, as well as a taste of the gravy train, the two elements why most people inside and outside the EU want the EU to stop. It cannot keep proper checks and balances and the less said about that monumental failure currently called the ECB the better.

So is Russia Innocent?

I do not think so (better stated, I do not know), and if we are to believe former FBI analyst Daniel Jones (there is currently no evidence that he is not to be believed) we see the act “Senate investigator whose non-profit group, Advance Democracy, recently flagged a number of suspicious websites and social media accounts to law enforcement authorities” is not to be ignored, yet as I see the group that I would personally label ‘stupid political people‘ are doing a fine job by themselves, there is enough distrust to go around for decades at present. Yet there is another part in this. The quote “It is nearly impossible to quantify the scale and resonance of the misinformation. Researchers say millions of people see the material.” the problem is not that it is merely them; the media itself is the problem. The media who is setting the stage by offering one sided stories whilst the bulk of all the people know that there is another side, they are adding fuel to the fire and that is not recognised in the entire data setup at present. The Yemeni war is the clearest example. The bulk of all papers handing blame to Saudi Arabia, whilst they openly ignored the actions from Iran and Hezbollah attacking Saudi Arabia via Yemen, as well as arming the Houthis in all this. Not once, not twice, but consistently, in addition in several events the actions of Turkey was set aside because it was inconvenient towards Turkish talks, that alone should wake you up regarding the one sided exposure and therefor handing out more distrust. So at present I had to giggle regarding Russian Prime Minister, Dmitry Medvedev, as he stated roughly two months ago “Suspecting someone of an event that has not yet happened is a bunch of paranoid nonsense“. He is of course correct, but that does not make him innocent does it? A man is innocent of hoping to screw the prima ballerina of the Bolshoi, and walking around with a condom does not make him guilty, neither is his desire to get lucky, but we can call him out on having the condom on him as he enters the restaurant meeting Svetlana Zakharova for dinner, we can call him out through envy (she is truly amazingly gorgeous), we can call him out on desire (making us wrathful on missing out on the opportunity to be him) the list goes on, yet he is right nothing happened at present. In the end the best thing we have after the event might be the evidence of intent, yet intent after the fact towards something that might never be proven in court is still a huge miss.

And when we make the tally, we can to some degree clearly see that the current politicians made us more distrustful than any Russian action at present, and the media aided in this, they all have their own political agenda side, the media has not been neutral for the longest of times.

Then I notice something that does impact. When I see: “Distinguishing Russian interference from clickbait or sincere political outrage is difficult, even for intelligence services“, that is not entirely true. The analysts are (often) looking in the wrong direction. You see, the stage is not the news; it is the line of forwarding. I noticed that over the last three weeks there were ladies wanting to connect to me, and it came with ‘tit shots‘ and ‘prominent ass poses‘, so they were either cheap ladies hoping to strike an hourly bargain, or they were honey traps (they tend to be the second), so there is piece number one (pun intended), the forwarding started from that point forward and more important, the presence of that account is also a data point to consider. The forwarding news has an origin and Facebook has that original post as well as the originator, so there we see two pieces ready for mining. Even as troll farms have a larger set of systems, they still start at a limited amount of routers, an element ignored. There are not too much masking options in mass spreading, even if it changes per message pushed, the list is decently exhaustive and it is the analysing of the hop path that shows the fake router, and as such we see that a path is now optionally established. That did not take long did it? I did my CCNA 8 years ago, yet that point is there. It is how I designed the cloud intrusion stage. It is a Router_n + 1 approach; it is not the originating router, the two routers after those optionally downscale paths towards the point of origin.

You see, even as we are given: “The digital trail often winds up in one of the internet’s anonymised dead ends“, we see no anonymity in the normal spreading of social media or even sharing of posts, the anonymity gives us the initial red flag; the router path can give us a lot more. The simplest of all solutions has been ignored by the lot of them. When I share news (usually because it is funny, or a nice indecent or Monday morning pun (example added). In all this a clear path can be established, so why is all the other not flagged and optionally removed? There is a right of expression from your own account, should hidden shares not all be auto removed? Was that example perhaps a little too simple for them?

We are all so intent on blaming Facebook for being too big, blaming them for not policing what was never supposed to be policed, it is also time to hold a light to those abusing the options available, in all this there is a lack of truly investigating not social media, but the usage of digital media and digital advertising. And that is where the problem starts, the moment that voice goes to town suddenly we see politicians starting to shout on the infringement of the people, the politicians are part of the problem and seeing that is the first step in recognising that the problem is a lot larger. When we start investigating election fraud versus voter fraud, we see a stage where it is not unlikely that the true mountain is not the voter fraud. And that is not all, when is it voter fraud, when is it logistical error and incompetence? You merely have to Google ‘election fraud‘ you will find issues in Texas and South Africa, but what was exactly the case and when was action taken? What actions were taken and was it in time? All that and when we focus on the European election and the ‘instigations’ by the Russians, I wonder how much an impact they are having, or basically the EU elections has bigger problems to sort out and the media is one of those problems to a much larger degree than anyone is willing to admit to.

This is a clear case where the premise of Oliver Hazard Perry, an American naval commander: ‘We have met the enemy and they are ours‘ (1812), which was freely translated into ‘We have met the enemy and they are us‘, as we agree that we tend to be our own worst enemy, did anyone consider that social media could emphasize this no less than tenfold?

So is it really Russia, or do we need to take a look at what we enable ourselves and facilitate for? Acknowledging that we have a social media usage problem will be the first step in scaling the dangers down.

 

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The mental delay

There is a mental delay; we all have it, the moment between the realisation that things are wrong and the rest of the media finally willing to confess to the wrongful parts after they had been milked to the maximum. This is where I believe the UK is when I see: ‘Poll surge for Farage sparks panic among Tories and Labour‘ (at https://www.theguardian.com/politics/2019/may/11/poll-surge-for-farage-panic-conservatives-and-labour). The situation is given through “Support for the Conservatives at the European elections slumps to 11%, less than a third of what the Brexit party is polling“. From my point of view, it is not really a surprise. The people have had enough of the ECB and their lack of control and accountability. The people in Europe are down 3 trillion euro through ill-conceived plans, it gets to be even worse when we consider the march news from the Financial Times ‘ECB unveils fresh bank stimulus amid rising Eurozone gloom‘, a setting that is not unlike irresponsible children using a credit card for which they do not have to pay the bill, the people have had enough. It is emphasized by other media giving us quotes like “Even if we stipulate that Greece’s government is, in fact, as creditworthy as the U.S. government, why would investors accept a lower yield on the Greek bond? And why are they willing to accept the even lower yields on the bonds of other Eurozone governments?“, as well as “Despite the low Eurozone bond yields, investors may expect eventually to boost their returns by selling the expensive euros and buying cheaper dollars and other currencies. Indeed, there is some basis for such a strategy. As of late April, the consensus among analysts was that the euro will appreciate significantly over the next couple of years, and more modestly thereafter; forward markets (where buyers and sellers settle the price of a future transaction in advance) support this consensus view.” Source: MarketWatch.

My issue is that the writing has been on the wall for a while and whilst we are given “The poll suggests the Brexit party, launched only last month, is now on course for a thumping victory that Farage will, MPs fear, use to back his argument that the UK must leave the EU immediately without a deal“, it was a risk that had been 3 years in the making and now that the time is over, we see panic on a few levels. The need for Status Quo as well as the continued Gravy train is now at a stage that the UK and others have had enough, a stage where the large four are pulling a cart where 20 others have not been doing their bit, not even to the smallest degree. From my personal view, the biggest loser is Tony Blair when we consider: “Writing for the Observer online, the former prime minister Tony Blair says it is vital that Labour supporters go to the polls, even if they choose a party more clearly in favour of Remain than Labour“, in a stage where the ECB does as it pleases, the people have largely lost faith, with the economic anchors Greece and Italy still firmly in place things will not get better, not in a Bremain stage of mind. Even as we accept that things will get worse, there is enough indication that it will be relatively short term, without the anchors, the 15 smallest EU nations will unite against the UK, only to find that the setback will increase, a voice without money is worth the value of the empty wallet at best. The IMF report makes it merely worse, the stage where the three largest EU economies are Germany, France and Italy and their prospects are in the basement for this year, led by Italy with a forecast that is somewhere between 10% and 25 % of last year, and as I took the UK out of this, we will see that as the others slide faster, the UK will suddenly become the place to be, a nation in repair. Then MarketWatch gives us a part that I have been claiming for over 2 years: “Policy makers also underplay the financial risks. They emphasize the decline in government debt ratios and banks’ nonperforming loans from their peaks reached during the euro-area crisis. They fail to note, however, that these vulnerabilities are at present distinctly higher than they were in mid-2007 for virtually all Eurozone countries“, whatever options they thought they had was squandered away by the ECB stimulus plans that did not work twice around and now they are giving us an attempt at option three, with no evidence that the third time has any chance of being a charm.

So when I see “‘northern’ Eurozone governments worry that the ECB may be left holding debt that may never be repaid“, which is nice, but I told that the people close to two years ago. It is nice for others to catch up this late. All this is before we give consideration to ‘Italy budget deficit forecast to smash EU fiscal rules‘ (at https://www.ft.com/content/e3b662d2-70ac-11e9-bf5c-6eeb837566c5) all thanks (in part) to an ECB that cannot restrain itself or its members, the UK is much better out and the sooner they do this, the better it is for all. The problem is not merely the deficit, the economy downturn will hit jobs soon thereafter, so before the end of the year. As such the unemployment rate that was merely a stitch below 11% in February 2019 could hit 14% by October, and with one out of three Italian youths without a job, that situation will worsen. It is already worse than Spain, but it will worsen still, that is merely one of the 4 large economies, whilst the ECB was too worried on the next bonus spreadsheet, we will now end up having spreadsheets where the dominant colour is red, on pretty much every page.

Even as we accept the Financial Times words “The forecasts play down the risks of a no-deal Brexit, saying that it “would dampen economic growth, particularly in the UK but also in the EU27, though to a minor extent”“, the part that I see missing is that the UK economy will recover, the remaining EU27 players a lot less so, which is also why we have seen the fuelled anti-Brexit sentiment all over Europe, not because they lose what they call an ‘economic ally‘, but because their own mess becomes centre stage for everyone to watch soon thereafter.

The other part is that the Northern economies are seemingly slowing down, the Local Sweden gives us: “The Swedish economic boom has reached its peak and the economy is approaching a slowdown, the country’s Fiscal Policy Council wrote in its annual report“, I do not believe that to be correct, you see Ericsson is one of a few having a decent 5G solution, together with Nokia they are the only ones who have a decently advanced 5G solution, they are the only ones who are considered in several nations because those nations are narrow-minded and loudly anti Huawei, so these two profit to a larger degrees. When 3G was starting Nokia broke all records, these two will in similar drive 5G, even if there is a slowdown, it is likely to be a very short one, unless the US stops its Huawei smear policy, these two will propel the Nordic economies to a much larger degree.

So when I see Justine Greening, Sam Gyimah, Alistair Burt, all conservatives, all pushing for a Bremain, a second referendum, or some ill-conceived idea that Brexit needs to be acknowledged, the voters have all realised that it is too late, the EU wanted to keep on playing games and leaving the game at whatever point is to be preferred over more and more unacceptable spending.

Yet the one part that is not pushed for is that the Brexit Party and Ukip are approaching a majority, if they can strike a deal with the greens and the Liberal Democrats (they tend to be great followers), we see a new government with the Labor party and conservatives sitting next to one another in the opposition. A historic first, the entire House of Commons for too long in indecision and the people have had enough, I cannot blame them. So when they want to play the blame game, a lot of politicians merely need to look into a mirror to see the guilty party.

I personally belief that the people are seeing the dangers of non-decisions as well as the added media pressures with non-stop incriminations and a total lack of explanation; It is driving the ‘better out than in‘ mood that seems to be exploding all over the UK. The fact that sources are claiming that Brexit might not happen, or that there is a 20%-30% that it will not happen has the people riled, in the end there was a referendum and the complacent and lazy Bremainers were all in a stage ‘it will never happen’, just like that popular claim ‘too big to fail’, so as that went the wrong way the people have been hit with media after media going wild in allegations and all kinds of managed bad news reports like ‘we could lose everything‘, or ‘you’ll get nationally evicted‘, exponential levels of fear mongering for too long, the people are fed up and the Brexit party is gaining more and more momentum. In France far right Marine Le Pen is again in the lead, the Dutch ‘Forum for Democracy (FvD) party’ is equally pushing forward, is that the Europe that the UK wants to be part of? The extreme right parties are gaining momentum more and more and I personally believe that not having a handle on the ECB was a first step, then we still have Mario Draghi being a member of an elite banking group and the fact that no one was holding him to account is still a factor that the few are disregarding, whilst the 3 trillion of bad conceived spending was never up for debate.

There has been a mental delay with the voters, but the facts are out in the open for too much and the facts are too visible, it has angered the people, so as the news thought it was fun to give the readers the news through “The Hinduja brothers, Gopichand and Srichand, have reclaimed their crown as the UK’s wealthiest people, according to the annual Rich List survey. The Indian-born, London-based industrialists are estimated to be worth £22bn, up £1.35bn on last year’s list“, so yes that was a nice part, as the people cannot pay their bills, have to deal with unaffordable living, someone made an additional £1,335 million pounds extra, all that whilst we get “The list reveals that retailer Sir Philip Green has lost his billionaire status; his fortune is believed to have halved in a year because of a pension black hole in his Arcadia empire. The Sunday Times Rich List has Green’s total wealth free-falling £1.05bn in a year to £950m“, when I lose 50% of my wealth, I go from £1,500 to £750, so where is the ‘half’ and the mere decline of10% illustrating going from £1,05B to £950M? It seems to me that he wealthy people are taxed differently on fortunes having to be halved.

Are you still wondering whilst millions of Britons are in anger and are you wondering why the Brexit party is gaining momentum? Farage has the charisma to exploit the silly news items that are seemingly fun to read for some, but in light of all that has happened, it is infuriating a lot more people in the UK than the media should be happy about. And as we saw Tony Blair, yesterday in his opinion piece ‘Farage cannot be allowed to dictate Britain’s future. He must be thwarted‘ (at https://www.theguardian.com/commentisfree/2019/may/11/farage-cannot-be-allowed-to-dictate-britains-future-he-must-be-thwarted) we are given “This is not a vote to choose a prime minister or a government. It is a vote for the Farage Brexit – or against it“. There I respectfully disagree; it has gone way beyond that. It has been about the unacceptable acts of the ECB and the overpaid EU gravy train riders for a much longer time and if Tony Blair had done something about when he was in charge from 1997 to 2007, or perhaps Gordon Brown in the three years that followed, the mess would not be there, in that same light the Conservatives after that did not achieve any significant push to make the ECB come to its senses, and now the people have had enough; they are willing to let Nigel Farage try. Tony should have done a few more things a decade ago and that was never the case. That is why the Brexit party is growing to the degree it is. The lack of kept promises, and the Italian government is merely throwing petrol on that fire, as such the Dutch are finding a person like Thierry Baudet more acceptable than ever before. A status quo play was the worst one to have, but the non-elected officials needed status quo for their wealth and now the gig is up in more than one way.

Tony Blair needs to realise that the Brexit party is not the downfall for either the Labor party or the Conservatives, facilitating to big business was and that is an important elements that none are touching on, the bulk of the politicians are tainted, tainted to the degree that they will stand out in every limelight and their denial in that is just staggering.

The mental delay has passed and now the people are in a phase where they are considering every other solution, except the ones that labour and conservatives offer. It is interesting that no one went on those tracks, the signals and indicators are clearly pushing in that direction.

 

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The assassin’s methodology

In the intelligence world methodology matters, it is actually a game maker in that setting. We seem to think that some parts were fabrication, we seem to hide behind the slogan ‘If it looks like Hollywood, it is fake‘, yet that premise is not quite accurate. In the 90’s there was a time where the Wetwork business had a massive shortage of recruits and volunteers. That all changed when someone decided to park a 747 in a building in New York, but before that there was a shortage. Those people worked all over Europe, usually in construction, often well-educated with a focus to be placed all over the EMEA region. They were often called Technical Account Managers (or Technical Consultants). Often not linked to a company, self-employed short term hires that got in did what needed to be done and left. It is that era where the strategic sense of segregation, isolation, assassination comes from.

To make another leap, some might remember the Austrian raid on its own intelligence service in 2018, if it was only that simple. When Reuters gave somewhere in May 2018 “That led some allied countries to fear that intelligence they had given to Austria might have been compromised“, if it was only that simple, the raid was 24 years late. The independent had part of it in 1994. It took me a while to find it, yet (at https://www.independent.co.uk/news/world/europe/russian-mafia-summit-in-austria-1425805.html) we merely see: “Russia’s crime bosses held an unusual mob summit in Austria last month to discuss gambling, contract killings and other shady business back home, AP reports. The daily newspaper Izvestia reported that ‘Participants (also) enjoyed an extensive cultural programme. They even went skiing in the Alps.’“, there were two additional participants, two elements that would be speaking to a few only; they were one senior plus one additional representative from the FSB. It was not what they did and where they went, those bosses got a clear message where not to go and who not to bother. They already had a spread system in place, from Katendrecht (Rotterdam harbour district) to Antwerp and Monchengladbach Germany, they had channels in place and they were making a bundle (read: serious amounts of cash). So for these Wetwork TAM’s to stay under the radar was quite the challenge over there. The Russians were almost everywhere. Yet it changed, somehow in 1997/1998 the Germans got the upper hand in Germany and cleaned the place up by a lot. Some of the Russians went underground, some merely changed positions; there was an impact. One of these moments was seen in the Dutch newspapers (at https://www.nrc.nl/nieuws/1997/07/29/man-ontvluchtte-moskou-politie-voert-onderzoek-uit-7362317-a714933), the case is larger than shown. What was not widely known was that there was some kind of an agreement between the FSB (read: former KGB people) and the Russian mafia itself. Germany got a handle on it somehow and even as the ‘evidence’ was staring them in the face, it was ignored. The firm Lorit was quite literally Tirol (his Moscow office) backwards. The newspapers at that point mentioned “Rozenbaoum kocht het huis in 1993 voor acht ton. Op het dak staan twee satellietantennes. Daarmee hield hij contact met zijn vrachtwagenchauffeurs die door Europa reden” which translates to: “Rozenbaoum bought the house in 1993 for 800K. There are two satellite antennas on the roof. He kept in touch with his truck drivers who drove through Europe“, it was 60Km from the German border and 92Km from the German base monitoring a lot of traffic. A lot more was going on, even then and as some issues were buried into miscommunication and a considerable amount of cases linked to the response: ‘I am unable to recall the precise details of those events‘, there were several indirect links to Austria, yet those were seemingly never proven.

How does this relate to today?

This relates to an article in ‘The Hill’ (at https://thehill.com/policy/technology/433497-trump-admin-threatens-to-withhold-intelligence-from-germany-unless-it-drops) 4 hours ago when we were introduced to: ‘Trump admin threatens to withhold intelligence from Germany unless it drops Huawei‘, so not only is the Trump Administration dumb and ignorant. not only have they not ever found, or produced any evidence that Huawei equipment was an actual security danger (not since 2012 have they given anything). They are now ready to alienate the one nation in Europe that had success against Russian operatives as well as against Russian organised crime (often linked to FSB priorities) and we are introduced to “The Wall Street Journal obtained a letter dated Friday from U.S. Ambassador Richard Grenell to Germany’s economics minister saying that intelligence sharing would be limited if Huawei or other Chinese vendors are allowed to participate in building Germany’s 5G network“, so in that one place where the CIA has been useless for the longest of times (an exaggeration, read: a little too often), they are now biting the hand that has been feeding THEM intelligence. So when I presented: ‘segregation, isolation, assassination‘, I did so for a reason, I have never seen a target do this to their own survival chances, which is a novel experience to read. Even as the Germans offer: “Germany says it has seen no evidence that Huawei had or could use its equipment to spy on its users and that it should be allowed to bid for the country’s 5G network if it meets security criteria“, we see clear evidence of the Americans remaining utterly stupid. If only they had adopted the speech Alex Younger (MI-6) had. We can argue against that, but the premise was at least sound, the Americans did not even bother with that part, they have not bothered with that part of the equation since 2012. This is what I would call the result of taking intelligence out of ‘intelligence services‘, it merely becomes a speaking stage of services to whoever is a competitor of Huawei (they must be a non-Chinese or Russian player though).

We have seen several actual experts on 5G voice the issue that leaving out Huawei will delay true 5G for years that is what is in play and the Americans need to wise up fast. This seemingly implies that America has additional losses to register, not only in technology, not only in cloud issues, the German intelligence data that is a lot more important than anyone gives it credit to is likely to stop flowing to the US and to other players, which is not a good turn of events. In addition, the collected information on lone wolves, intelligence France needs might end up in a holding pattern if wrong pressure is applied. If quality intelligence equates to time, what else will France (or the Dutch) lose out on? There is no way to tell, I cannot even speculate on that. The issue will however become a lot more clear if both nations will have to deal with successful actions by extremist groups, as well as lost revenue by certain ‘entrepreneurial Russian entities’, something that was always going to happen, but perhaps not to the degree these places might see in 2019-2020.

So whilst we give consideration of ‘U.S. officials are increasingly sounding the alarm over the potential for Chinese spying‘, all whilst Facebook is giving away the data for free, we see a loaded cannon and the US is aiming it at their own needs. The US has had almost 7 years to collect evidence and present this, it was never done. In addition some of the true top ranking experts in that field have not been able to present any evidence, and finally, the US credibility is just too low. Perhaps some remember US Secretary of State Colin Powell and his silver briefcase giving evidence behind closed doors on the evidence of WMD’s in Iraq. How did that end? Does anyone remember? So when it is merely ‘adaptable’ telecom equipment, they better show the goods. The Americans has thus far not done that and the utter complacency of US tech corporations have become a joke to say the least. In this age of re-engineering, to end up 3 years behind China requires a truly new level of stupidity (read: short coming) and it is time for the people to realise that. Once the evidence comes out that there is no evidence, make sure that people making bold statements (like former Prime Minister Malcolm Turnbull) get their honours stripped, they facilitated directly against the needs of the Australian people and that should come at a price. Of course the US could clearly present the evidence and get that same former Prime Minister off the hook mind you.

I see merely cogs that are greased through nepotism, facilitation and the need for greed by some tech companies who could not get their ducks in a row in time. We really need to put the spotlights on those people too. In the end methodology is a simple approach, it goes from evidence, what we know, where someone will be, where something will appear and we act on that. The US fictive side in all this tends to go via the cloud solution called ‘delusion’ it has no grasp of evidence, it has no stage of reality and is merely the stage for people on what they desire whilst the do not have what the consumer needed in the first place, how was that ever an acceptable pasture to place your herd of needs?

 

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Decoupling Draghi is hard to do

Like a bad disengaging train, we see more and more how the Euro has become a dangerous place to be. I have pointed the finger at Mario Draghi more than once. He is not the only reason mind you, but he is a massive one. As I see it, a facilitator towards the Status Quo of a coin no one wants. Europeans see how their retirement is devaluating itself, others see a coin they do not trust, they do not like it, and to be honest they do not know why, but the numbers do not add up. Wall Street loves it, as they can leverage iteration after iteration of floating values as they can reset the currency seesaw, but over a dozen nations in Europe cannot, their hands are tied. It gets even worse in the near future if Japan is any indication to go by. Min Jeong Lee and Yuko Takeo from Bloomberg (at https://www.bloomberg.com/news/articles/2017-03-27/escape-route-eludes-japan-stocks-still-hostage-to-u-s-sentiment) are showing you the prelude to the disaster that Europeans could possibly face within 24 months. The first statement is already showing u the issues that Europe will face soon enough: “Japan’s stock market is again showing itself handcuffed to U.S. growth prospects and its own currency“, In that same sense Europe will soon enough be depending on US growth prospects and the massive debt that Mario Draghi is pushing onto the Euro nations. Now, we need to realise two elemental parts:

  1. Europe is not that deep in debt, but the holes that Mario Draghi is creating is already having an impact. “Big bond funds are becoming increasingly reluctant to lend to the euro zone’s weakest members, looking past a crowded electoral calendar to an eventual winding down of the European Central Bank’s ultra-loose monetary policy” (source: Reuters), with the personal change, setting ‘European Central Bank’s ultra-loose monetary policy‘ into ‘irresponsible spending‘. As the time frame goes, Brexit and Frexit might be just in time to avoid a noose for the United Kingdom and France, but for many smaller EU nations it is too late, they have lost economic control and they are now the mere vassals (read: unchained into slavery) to do the bidding of the ECB. Is that what Euro nations signed up for?
  2. Japan has its own way of dealing with the debt and economy and many fear it was never a good plan, but as they skated the edge of the abyss for over a decade people have become insensitive to the impending doom, that is not a good thing, it is merely a Japanese thing.

FXStreet (at https://www.fxstreet.com/analysis/catalyst-for-chaos-201703271520) gives us the two elements. “The BOJ has an inflation target of 2%. If Mr. Kuroda ever has the temerity to end his bond-buying scheme, borrowing costs in this bankrupt nation, which has a total debt to GDP ratio of around 600%, would have to abruptly surge over 200 basis points just to keep even with the central bank’s inflation target” as well as “If the ECB were to seriously commit to ending its QE program, fixed income investors and speculators would panic to get ahead of the removal of Draghi’s bids; and Bund yields could surge well above the rate of inflation in a very short period of time“, which shows the removal of control and the implied fact (read: implied) that Mario Draghi has no intentions of ending his QE plan. Because the devastation that the surge of Bund yields would come with a hefty invoice, one that none of the EU nations can pay, this includes the big 4. Isn’t it nice that FXStreet and other trader and broker sites are actually starting to realise that what I have been warning people against for well over 2 years? I am not the ‘prognosticator of prognosticators‘ (Punxsutawney Phil has that title), mine was merely the conservative approach to the use of a modern abacus (read: Excel) with the application of common sense. Those who were claiming me to be wrong, (a fair amount of them) are now facing their own ridicule as they hide behind slogans like ‘changes in the economy‘, ‘a mere miscommunication‘ and my favourite ‘as we trusted the analysts‘, that is my favourite as it is based on the governmental forecast numbers that have not been anywhere near correct for well over a decade in well over a dozen European nations.

So as we go back to the Bloomberg part we now see: “as a chorus rises among analysts who think they see sufficient improvement in Japan’s domestic economy for the nation’s equities to unlock themselves from the exchange rate. Before last week, the yen and Topix were both up about 3 percent this year“. Yet not long thereafter we see “After Monday’s drop, the Topix is within one and a half percentage points of erasing its gain for 2017“, so before Q1 of 2017 is done, we see that the prospective gain of 2017 is all wiped out. This does not mean that there is no room for improvement, ye the fact that Bloomberg sees Japan as the 7th worst return of the 24 developed markets implies that Japan could potentially end dead last in 2017, music to the ears of the Chinese I reckon. In that same trend I disagree with Soichiro Monji, general manager at Daiwa SB Investments Ltd, as he makes the observation “Investors should focus on fundamentals like the economy and corporate earnings“, perhaps he remembers that somewhat popular kitchen course ‘How to cook the books‘, the news made some reports and comments on Toshiba and Olympus attending those artsy classes. Or perhaps the honourable Soichiro Monji remembers Nikko Cordial Corp. which is now part of the Citigroup Inc. and no longer in the hands of the honourable Junichi Arimura who was never proven to be involved, the proven guilty party is set to Hajime Yamamoto. As the pressures for these corporations go up, the dangers of ‘fraud’ (read: unintentional misrepresentation of a company’s position) will remains a danger and will also increase the impact it has on the Japanese economic forecasts. And this impact is also felt by those into the retirement system as it lost $50 billion less than a year ago. If we accept the realistic return of $2.5 billion, which fuels nearly 30% of the elderly, that is a big chunk to lose, in addition, in 8 years’ time 24 percent of gross domestic product will go straight to welfare, which is a mighty chink out of a budget that they cannot even get close to now, the Japanese debts are too high and Europe is slowly yet surely steering in the same direction.

There is one more element in all this, Toshiba is now ‘demanding’ that its US Nuclear unit (Westinghouse) to file for bankruptcy within the next 24 hours. This is not just cutting losses, this is a move to set losses where they need to be before the financial year ends (so basically all of Westinghouse and some of Toshiba losses (within legal limits of course) in Westinghouse. This gives us the consideration that Toshiba is having a disastrous year and fancy bookkeeping is in order to keep the stakeholders and stockholders happy at the upcoming reporting waves and meetings. This on top of the Fraud that happened earlier, this fits with last week headline ‘Toshiba ponders asset sales as it fights to stay alive‘, the question is what will be sold in addition to Westinghouse, because shedding the losses alone will not do the trick, they need to sell something with profit too. Nikkei Asia Review reported: “If Toshiba fail to win the bourse’s confidence, Toshiba shares will be delisted“, Now, bad places are bad places, yet when a 6.5 trillion yen company gets delisted, it will have an effect and not just a few small ripples. For some of the consumers this will be a golden year, you will face an optional sale of 65” Toshiba displays with possibly 70% off (everything must go, yes really!) Yet, as I stated earlier, they are in a state of clever bookkeeping (not a crime), the question becomes will the holders of stock and stake accept this? I have no idea, but what is decently clear is that the impact will be felt in both the US and Europe, yet not to the degree Japan will feel it.

These are just a few of the elements as they are brought to light that Draghi’s irresponsible spending is becoming more and more of an anchor, one with a noose around the necks of the European governments. In all this it was not a week ago that the Irish independent reported ‘Banks grab €233bn in free ECB loans as Draghi warns on profits‘, with the added quote “Yesterday, ECB president Mario Draghi signalled time is running out for banks to get their house in order“. So, consider the quote. Basically, whilst the ECB knows that the banks do not have their shit in a row, they still got their hands on a quarter of a trillion Euros? How is that not irresponsible? And free loans? When did any person get a free loan? For banks it is even an act, rasher than ever before as they tend to not be held accountable. All this comes with the additional quote “The banking sector’s capacity to fully support the euro area’s recovery is curtailed by its low profitability“,  so we know that the profitability is low, which was not a surprise, it affects recovery and yes, Mario Draghi dumps Europe in even deeper debt. Are you still on the path to support his irresponsible spending?

I am not, but as I am no longer in Europe, there is not much I get to do, the only disaster for me is that I have worked the bulk of my life there and I have seen that my pension is down by will over 60%, 40% in devaluation and 20% due to an increased and uncorrected cost of living. So when the debt bomb blows, very likely before 2019, I will ended have worked pretty much my entire life, with no pension remaining. Perhaps the arts can intervene? Would it be an optional economic success if Joss Whedon launches ‘Betty the banker slayer’? #Justsaying

 

 

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I know a Japanese joke

An Englishman, and Irishman and a Japanese industrial walk into a bar, which could be the start of a joke, yet there is a very serious issue behind it. You see, when we see (at https://www.theguardian.com/politics/2016/oct/31/nissan-assurances-over-brexit-cannot-be-published-says-business-secretary) on how “the stark warning from Haruki Hayashi, president of the Japanese chambers of commerce in Britain and the European CEO of Mitsubishi, who said businesses needed more than “general reassurances” if his country’s investment presence in Britain was to be maintained” needs to take a little lesson from a firm called ‘Hypocrisy Inc.‘, when we see (at http://www.thisismoney.co.uk/money/news/article-2230999/Nissan-sells-UK-cars-Switzerland-tax-ruse.html), which is from 2012 “Nissan Motor Manufacturing, which has received tens of millions of pounds in Government grants to build cars in the UK, is a contract manufacturer for another Nissan company based in Rolle, Switzerland. The Swiss company buys the raw materials and owns the finished cars. It pays the UK business a fee that is slightly higher than the manufacturing costs, limiting the amount of profits that are declared in Britain

In addition, this is a game that Japanese car makers have been playing on a global scale, including Australia, getting millions in grants, getting what was calculated as a $2,000 discount per manufactured car, whilst shipping tens of thousands for sale overseas. The comedy team Kim Carr and Bill Shorten (the honourable BS) from the Australian Labor party were on that merry-go-round, that whilst in week 3 of the new government blaming the Liberal party for ‘losing‘ the automotive industry. I discussed this in May 2016 (at https://lawlordtobe.com/2016/05/22/tuesday-evening-quarterback/), the UK is facing a similar situation, basically, Japanese firms are trying to strongarm a better deal, which is business minded and all fine, yet the Brexit scaremongering thing is getting on my nerves because I am fed-up with this category of ‘wanker‘ (or is the term ‘tosser‘ more correct?) that they represent. For those people I state, there was no Brexit in Australia, Japanese firms will do whatever they can to broker an increased profit any way possible, Brexit is just their latest excuse (whilst we admit that some raised items are a valid concern, there is still no certainty whether the set changes will actually impact). In interesting side that was not mentioned in this comes from Reuters (at http://www.reuters.com/article/britain-eu-nissan-support-idUSL8N1CY3QI). “The support that the UK government has promised carmaker Nissan in return for building new models in Britain could prove expensive, but the Japanese carmaker’s complex structure makes it hard to estimate“, so like Australia, whatever grant the Japanese receive, could be seen as legalising slave labour, for that is basically the setting when the grants add up to work whilst having no cost for the manpower employed. The Reuters article lights up a few additional issues, yet it also gives view that the Bremain group is still playing and pulling lines to scare the population in making them believe that Brexit was a bad idea and as such trying to swing a way to undo Brexit.

So whilst you contemplate those elements, think back to my September article (those who read it) ‘For Only the Messenger‘ (at https://lawlordtobe.com/2016/09/05/for-only-the-messenger/), where we see the Japanese Prime Minister making demands, whilst we also have the added information that he is making demands for companies that funnel sales through Switzerland, so that paying taxation is kept to an unrealistic minimum. Having cars built in the UK, whilst the grants exceed the cost of labour, whilst in addition, sales are funnelled through Switzerland giving them a 10% taxation option, gives voice to the findings of Reuters. The prestige of having cars build in the United Kingdom does not seem to bring the bacon home, the cost for this prestige is a lot more than the UK governments bargained for. So, when I see the quote “The strong intervention from the Japanese came as the business secretary, Greg Clark, claimed the government’s letter to Nissan cannot be published because of commercial sensitivity“, or is it actually a simple reason? Mainly that any person with an abacus or calculator could work out that government administrations have been giving in to car makers for too long a time at way too high a cost to both the consumer and the taxpayers?

This debate on Japanese demands is actually interesting, because the French political left is now more and more on the side of Frexit, so with Frexit now a realistic issue for 2017, we see that 128 million consumers could fall out of reach to these car makers, should they push for certain options. If Japan wants to play around and endanger an optional 18% European consumer base, that’s fine by other car builders. In my view, the push for non-taxability at any cost could be the more expensive one for Japan in the end and with their economy even more on the edge than America is, it is a gamble that they could actually end up losing. The question becomes, how scared are the UK politicians at present and have they done the clear and correct calculations on what the costs are, because paying for people to be employed is not what job creation is about.

We see similar issues with Honda, from the Wall Street Journal (at http://www.wsj.com/articles/honda-net-profit-jumps-39-1477896050), where we see net profits to $1.7 billion for the last quarter, whilst we see that tax breaks are on the clear side of delivery here. The Wall Street Journal also states “The party may grind to a halt once those tax incentives go away“, in my view the question should be, why on earth are we giving tax breaks to any player making 1,700 million dollars of net profit on a quarter?

In addition, when I see “net profit is expected to increase by ¥25 billion yen to ¥415 billion yen as a result of lower costs“, I ask here: ‘How much tax breaks represent the annual 25 billion in increased profit?‘, which is a question we should all ask, especially when we see unrealistic demands from an industry, where a single player in this industry is expected to be making 2 billion a month more. Would you not agree?

This all intersects with the exit strategies from the EU. Brexit is actively an issue, Frexit is currently a realistic change, yet the silent player in this is now Italy with a December 4th vote coming up. This vote is regarding a constitutional referendum regarding the appointment and powers of the Parliament of Italy. In the background however, the changes could also simplify any referendum on leaving the EU if that becomes an issue. The Italeave group is currently not that big, yet grew when Brexit became a reality, also the right wing groups are not that strong at present in Italy, a change that could become a lot more intense when Frexit becomes real, because it would push Germany as they, together with Italy would be the only two anchors leaving the Euro in a somewhat stable state. As I stated before, two currencies will not be able to do that, making Germany and Italy run for the hills soon and fast. Beware! I stated when Frexit becomes a reality! So there is no given, merely an increased level of likelihood, which is no less threatening.

This now strikes back to the Japanese side, because with these changes over the coming two years, any change the Japanese market makes will have other consequences as well. Consider that they suddenly get that ‘special offer’ from Slovenia or Poland. What will happen when France and the UK are out of that single market? They could make a deal together where the UK and France markets support one another whilst pushing other markets to the left. Suddenly certain Japanese dignitaries will need to explain to certain bosses of the Japanese International Trade that their hand of poker backfired, that whilst they only had 3 of the 5 cards to play. That should make for interesting newscasts in Tokyo, I just hope that NHK News will be airing those news cycles with English subtitles.

Are my thoughts realistic?

Well, that is part of the issue. The other part is that politicians on a global scale are always willing to give away the kitchen sink to be able to boast that they secured 100,000 jobs. The fact that nobody is asking what the costs were makes it even easier for them to do this. Yet overall, the consideration of cost is actively being pushed to the foreground by others, giving me a stronger case, but is it strong enough? I honestly cannot tell, but time will tell as we see the publications of concessions given to the car industry.

The question now becomes, who offered what and for what reason, because at this stage, the Bremain group and especially those with political power are eager to make certain promises (within the office they hold), whilst knowingly undermine the continuation of Brexit at the same time, so that hurdle is one we will see a few times more soon enough. So when we get back to the statement that several newspapers reported on ‘Japanese companies have already begun receiving offers to relocate elsewhere in the EU‘, isn’t it interesting that no one is making any claim that they made the offer and no one is making any report on where they might go to. In this place where ‘leaking’ reports is at the core of scaremongering, that fact does not see the light of day. The clarity is, is that the only place where there is a clear benefit to go to apart from the UK, is the Netherlands, because in the end, manufactured cars need to get delivered somewhere, so as the infrastructure goes down, the costs go up by a fair bit. That part is not given consideration to the extent it needed to have. As 50% of the created cars go into export, consider when the factory is in (for example) Germany, what additional jumps would be needed to get the cars to the same location? Sweden has a similar deal, however with out of control weather 3 months a year and additional issues with extreme cold and an additional delivery distance of 1100 miles, what costs would Japan face in addition?

Just questions that impact the decision, there might be answers, or not. What matters is that people are suddenly demanding decisions, taking away the rights that the British voters had. Is it not interesting that this all happens, whilst Wall Street is in absolute fear that Donald Trump might win? The reason to mention this (at http://www.wsj.com/articles/investors-consider-a-brexit-times-10-trump-win-1478111985) is very applicable as the Japanese profit needy corporations rely on stability, something we see here “In the past week or so, the Vix index of volatility has risen from around 13 to just under 20 points; the S&P 500 has fallen for six trading days in a row, for the first time since February 2015; and the Stoxx Europe 600 has fallen for seven days, for the first time since February“, under these conditions, Japanese car makers will resettle somewhere else?

So these three men were in the bar, the Englishman orders an English Chapter 6, the Irishman a glass of Paddy and the Japanese gentleman ordered tea. As all three look at the tea, the Japanese states: ‘If you are not drinking alcohol, then neither am I!‘ (a reference to Awamori)

 

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The insolvable solution

It is time to take another look at the frontier of our Irish brethren. Not that I am calling Sir Anthony O’Reilly a ‘friend’, ‘brother’, or ‘comrade’, but I am a lot less likely to be on the side of the bank, or am I?

You see, there are a few issues that I found interesting, however this could end up being a complete figment of my Imagination, but I let you decide.

First a little more on the consequences of this case, it seems fitting to use the Irish Independent (at http://www.independent.ie/irish-news/courts/former-billionaire-anthony-oreilly-loses-bid-to-postpone-aib-moving-in-on-assets-30389647.html) for this.

We can all agree that the following quote is a given “Mr O’Reilly’s legal team argued that if a stay was not granted, the consequences for him and two of his companies are ‘potentially enormous’“. Nobody likes to be forced to sell. I have been there, all being for different reasons, and I lost around 35,000 Euro on that little caper, so when it comes to holding grudges, I know exactly where Mr O’Reilly is at this particular moment in time.

The quote “Mr O’Reilly’s lawyers argued that he ‘is hopeful’ that the sale of his Castlemartin Estate in Co Kildare – described as ‘the jewel in the crown’ – would discharge most or all of the debt owed to the state-owned lender“, gives weight to my earlier title ‘The sharks are circling‘. The question becomes how or better to which extent the others will now move in as AIB is going for the jugular as per immediately.

This is the part that never made complete sense here. It is not about the debt, all parties agree, the fact that AIB will now get 100% of any risk back makes tactical sense, the fact however that AIB has only 11% of the debt and others the rest is also part of this little conundrum. The part that kept on re-emerging was ‘Providence Resources’.

It is nice that the Irish papers are staying on par, so here is the next part (at http://www.independent.ie/business/irish/providence-resources-post-loss-of-72m-in-2013-30388958.html). There are two bits that are interesting. The first is that they had a success in 2012 (as claimed). If Barryroe is a success, as claimed at (at http://www.providenceresources.com/uploads/interimresultshalfyearjune2012-finaltables.pdf), then why is AIB in such a rush to get to the jugular? In my view 3,514 barrels of oil per day comes to well over a quarter of a million a day. Which means there is money coming in, but is it?

Even though 2012 was a success, how much is coming in and how much is there to be made. This is where the issues rise. There is little news from either Exxon or Providence Resources. Is this the issue? You see, that is what I found initially too. There was little, but that does not mean too much. If the Barryroe well was still producing and under those conditions money was coming in, the banks could have made a deal with O’Reilly.

So, when I was going through the papers that I found, I was looking at a few things. I made a conspiracy theory reference for more than one reason. One of them was the reference I found in the AIB financial report. In 2011 a person named Declan Collier was prominently mentioned, it stated “Prior to joining the DAA he held a number of senior management positions with the global energy company, Exxonmobil“, He moved to another position on June 28th 2012, yet he did not get any governance mention in 2012, yet there on page 5 we see “A short biography and background of all our Directors is set out on pages 168 to 170“, the new members Peter Hagan and Tom Foley, were mentioned, yet Declan Collier as a leaving member was not. This does not mean anything yet, but the fact that his remunerations were mentioned (as they should), having his details there with the governance team would have been more correct.

This is however not about being correct, or about the lack of governance details. Lets take a look at the events for filing the case. At http://www.rte.ie/news/2014/0526/619683-aib-oreilly/ we see that on Monday May 26thAn action being taken by AIB against businessman Tony O’Reilly in relation to debts of more than €22 million has been admitted to the fast track division of the Commercial Court‘, in itself that is no large issue, filings are done at every twist and turn. The quote “He gave Mr O’Reilly ten days to file a reply to the bank’s claim and he listed the matter for 2pm on 23 June.” got to me however, I had to read up on a few things and I was impressed with the timelines of the Irish courts, these fine young legal eagles do not take it easy, still 10 days for a 22 million brief is a little short (but not wrong, improper or devious in any way).

So, why all these mentions? why this conspiracy theory line?

This is at the heart of the matter. You see, there is no indication of any conspiracy, yet looking at the prospects, the oil found and not to forget the events as they are unfolding, or better stated as they were not unfolding. ExxonMobil has made no press visibility in regards to the areas of Providence Resources at all. ExxonMobil is down a bit, but that is no worry, because of the sheer size of ExxonMobil. Yet, is it that hard to believe, or perhaps in more legal terms ‘is it more likely than not‘ that a person like Declan Collier keeps tabs on his past connections, all of them? Is it that far-fetched that he got the inside scoop form a ‘friend’ and he dropped perhaps a ‘hint’ with another friend? Is that so far out of the realm of possibilities?

In that regard, if so, perhaps the AIB did not act to get all of their outstanding debts, but to make sure they ended up with at least part of it? I left this all out of the initial article as it is basically the thoughts of a conspiracy theorist, but is it that improbable?

If these matters are indeed at hand (or not), then what will happen next? What news are some not made aware of (let’s be honest, it is not the job of ExxonMobil to readily give out bad news), yet this scenario gives another light to the AIB court case, it is as I personally see it not that far-fetched (I would say that wouldn’t I), but does this information change anything? When the others realise (if my assumptions are true), that they got the outside track and were surpassed by AIB, what will THEY do next?

I am not sure about this, yet, as having been the underdog myself on more than one occasion, if Providence Resources do hit pay dirt on a second well, how will the AIB then react? Will the credit range suddenly be ‘extended’? Let’s be honest, if O’Reilly gets back on track then the AIB will have pissed of 14% (possible 28%) of all the Billionaires in Ireland (they apparently have 7 of them). How much business will AIB miss out of then, especially as they are down 20 billion at present?
No matter how this rolls, keeping your eyes on the AIB for the near future might be entertaining.

Time will tell!

 

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