Tag Archives: Italy

June 5, 2023 · 21:12

Slam-dunk for the blogger

Yup, I got to call the slam-dunk in my name, on my name and for my name. Now, I am no basketball fan, not when there is the NHL. But I have to give it to the NBA, that term they got right. So this all happened in the morning as I was pondering what was next on the table. Then the BBC gave me the heads up (at https://www.bbc.co.uk/news/business-65804768) with the ominous ‘Oil prices rise as Saudi Arabia pledges output cuts’. I had made mention of this danger a few times over the last month alone and now we get “Oil prices have risen after Saudi Arabia said it would make cuts of a million barrels per day (bpd) in July” and remember it is only a million barrels a day, my scenario was a little less nice. This is the exact danger that I predicted and now that it is going to pass, I wonder what the trolls will shout at me. I made mention yesterday that oil prices would be on the calendar of Blinky Tony (Anthony Blinken) and now it actually is there and it will be a rather not so nice meeting coming up, I reckon that Iran is no longer the main focus. This and the stage of BRICS implies that hard times are ahead for the US and I reckon to some extent the EU too. Because now the US is driven to make the million less be a larger setting for the EU than for the US. A stage well predicted and now it is coming to pass. 

It is Sameer Hashmi, the BBC Middle East business correspondent who gives us “it was widely expected the oil cartel would make production cuts to prop up prices. It appears most members were against the idea, as any cuts would impact oil revenues, which are crucial to keep running their economies.” He is not wrong, but the oversimplified setting is that they are going from 4 barrels at $3, to three barrels at $4. They all still get their $12 (and then some), but the larger stage  comes into play when the equation turns towards 2 barrels for $6, they will still get the same, but now their supplies will last twice as long. The larger problem for the US is that they get 50% for the same price and they still haven’t considered muzzling Brent Oil, those people export over 80% and now something will have to give and that is the stage we are coning to now. So when the UK and EU start feeling the pain of less oil there economy will impact to a much larger extent and as the Just Stop Oil people start shouting victory, the impact of people who cannot pay for heating bills, tradies that can no longer work because their prices need to keep going up, the setting of losses all over rural nations (UK, Germany, Italy and France the most) will be seeing much larger impacts. A stage that was clearly out there. The clearest recent mention I made was on April 13th (almost 2 months ago) at ‘The song remains the same’ (at https://lawlordtobe.com/2023/04/13/the-song-remains-the-same/) it was clear that reductions were in the focal point of OPEC members and in this Russia is merely sitting back, for them it works out nicely. But the larger stages of economy are not set to the drawback of oil lacks, no scenario was set to that and that is the largest political failure in the west. In this the one solution they had with Elon Musk is now slipping from their fingers. So not only did the US bite both hands that could be feeding them, whatever comes next might not be in time for the next debt ceiling, implying that default is the only thing that Americans have to look forward to. 

So in the end one player wins, the other player loses, but I get my slam-dunk. Is it fair? That is not the question, I saw this and I predicted this, so why did these high paid politicians not see this? It wasn’t rocket science (well perhaps the Musk solution was). And as options run short the west needs to rethink the political egotistical needs they had and how they will sail with a lack of vision. All that and more hardships will be coming soon and they did this all to themselves and that setting was clear long before Trump took office. A setting of cogs and the first cog will not care what the second and third cog faces. That is the oversimplified truth of the matter, so whilst we watch the news this month, also look at how much enough the people have with the ‘Just stop oil’ movement. As I personally see it, the UK got directly hurt by them and the CAAT all on moral grounds that were massively one sided and based on a fake moral high ground. So remember them when your pump price goes from 189.9p to 293.4p. Don’t blame the pump owner, blame the people who made this happen. 

Enjoy the day (consider a bicycle).

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June 3, 2023 · 23:37

Would you believe that?

That was my very first thought when I saw (at https://www.aljazeera.com/news/2023/6/2/blinken-to-visit-saudi-arabia-to-discuss-strategic-cooperation) ‘Blinken to visit Saudi Arabia to discuss ‘strategic cooperation’’. There we are given “Blinken will “discuss US-Saudi strategic cooperation on regional and global issues and a range of bilateral issues including economic and security cooperation”, the State Department said in a statement.” I have an actual hard time believing that. You see there are a number of issues that count for the US.

1. Banking instabilities.
2. Oil prices.
3. BRICS membership.
4. Defence spendings lost.
5. Iranian diplomatic settings.
6. Syrian diplomatic settings.
7. Outstanding US bonds with the KSA.

These are just 7 issues of a whole range of problems that the US is facing ever since they burned their ally the Kingdom of Saudi Arabia. The fact that Saudi Arabia walked away from Credit Suisse is making the US rather nervous. They had this idea that when the going gets tough, the purse of Saudi Arabia is there to bail them out. That is not (or no longer) a given. The oil prices are biting the US and cheaper oil is for them essential, even though Brent Crude Oil is doing close no nothing to stop that pain. Then the new issue erupts and I mentioned this yesterday. BRICS is no longer on the sidelines. It wants the western worlds to adjust their views and they now have the muscle to do that, with Saudi Arabia added they will also have the money to do that. I personally think that Saudi Arabia will have a close ally, as such the UAE might become a member too. So now you see how the words of Italy are too little and too late (see my article 2 days ago). 

Then the think I mentioned a few times, as China gets the Saudi Defence spendings, the US will come up short and that bites as well and these are the biggest issues for the US, as such Iran is hardly a blip. OK, it is more but only when the world sees that when you are broke you cannot push for economic sanctions on Iran (Russia too) and it is already selling oil to India or Pakistan (not sure who) and China, so that marble is faltering nicely. Then there is Syria and the largest issue are the outstanding bonds that the US sold. I actually do not know how many the KSA or Kingdom Holdings have, but if they flood the markets they will lose money and it will be disaster for the US, who will run out of cash long before Q3 2024. Which means they are 1-2 quarters short, or perhaps better stated at the end of their wallets they need to survive another 2 quarters. Good luck with that idea in the US. 

So when we see the Al Jazeera article and many others on why Blinky Tony is going to Riyadh, I feel certain that there is a lot more going on that w are being told. And I feel certain that it is not on the media. I feel that the White House administration will never admit to this Oliver Twist moment with “Can I have some more please?” No one would admit to that, it is just a little weird to see the entire BRICS setting a day early and now we get this. 

And he has more on his plate. We get that with “attend Gulf Cooperation Council (GCC) talks during his visit, starting on June 6”. I reckon that is when he will make mention of two variables (Iran and Syria). It is speculation, but that is what I (with no diplomatic knowledge) would do.

I reckon that this is one of the hardest times for the US State department ever. It did not help that it was this president who stated to make Mohammed bin Salman Al Saud a pariah. So how is that working out?

Enjoy the weekend.

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June 2, 2023 · 01:36

Is it too little, too late?

That is at times the question. What I think does not matter, I can be opinionated. Yet that part is still part of the speculative side that I walk. Only those who are in power in the Kingdom of Saudi Arabia can actually state what is real. The rest including those think tanks are clueless. Well, think tanks have a deeper generic knowledge, as such it is no longer speculation, it is presumption. It is knowledge based on data and knowledge they have, it is more accurate than speculation, but how much more is depending on the political hands that they also feed. 

As such Reuters gave us (at https://www.reuters.com/business/aerospace-defense/italy-ends-yemen-linked-embargo-arms-sales-saudi-arabia-2023-05-31/) ‘Italy ends Yemen-linked embargo on arms sales to Saudi Arabia’ this is good for Italy and it will help the EU, but how much? That remains to be seen. This 11th hour turnaround might have som impact, but will it be enough. For it to matter the UK needed to come across months ago and they didn’t and now China has the bulk of the orders ready for consideration. Italy as such might get some, but will it be enough and there the setting of ‘too little too late’ comes into play. Even as they include the UAE, the setting was always going to be the massive billions that the KSA had to spend and even as we consider that the KSA expenditure reached $75 billion last year, most of it is now going towards China. A safe bet is 40%-50%, but I reckon that China stands to gain up to 70%, all that revenue lost to the US, UK and the EU. The losses for these three are likely THAT big. Mine is not presumption, I do not have certain access. It is speculation at best, but how wrong do you think I am? We saw the courting by Chinese officials in 2021 and 2022 and now that they have made their impact Italy is now ending its embargo with a nice “praising Saudi Arabia’s recent peace mediation efforts”? Who are they kidding? The UK handed their revenue to the tea grannies of the CAAT, well a lot of good that did, China just took over and now none of them have anything to tell anyone. Well CAAT can state that they kept their heads high, so when OPEC adheres to the need of Just stop oil and 250K barrels a day go to China instead of the UK, what will have been achieved? I can tell you, nothing. Nothing will have been achieved, but the quality of life in the UK will go down further. 

We see now all kinds of changes and whilst the political arms give lame excuses all around us, the reality is that we opened our big mouths and there is a cost to that, but when the coffers are empty like most coffers in the US, the UK and most EU countries the cost of living will bite more and more. I tried to warn you all for at least three years and these options are all scuttled and they will not mature. So as Italy is making its step hoping there is some time left, I wonder if there was any time left. It is my speculative view that this is too little and it is way too late, but then my speculation could be wrong. You tell me, I honestly am not certain at present. 

Enjoy the day, the day before the weekend is merely one day away.

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May 21, 2023 · 23:53

The perception of others

This is a case, this is often a case and in this case. I am one of the others. You see the ‘news’ is no longer that, it is often filtered information. Information that is accepted by shareholders, stake holders and advertisers, as such the people are seen and treated more often than not as a distant fourth. This setting came to the forefront when I saw ‘G7 takes stand against China’s “economic coercion”’ (at https://www.bbc.co.uk/news/world-asia-65662720) where we are given “And in not one but two statements, the leaders of the world’s richest democracies made clear to Beijing their stance on divisive issues such as the Indo-Pacific and Taiwan. But the most important part of their message centred on what they called “economic coercion””  Now here we need to pause. These people do not lie (at least I hope they do not), but lets take a look at the evidence. The first is the ‘world’s richest democracies’, these nations are

1. Canada, debt around $ 2,100,000,000,000
2. France, debt around € 3,000,000,000,000
3. Germany, debt around € 2,600,000,000,000
4. Italy, debt around $ 3,000,000,000,000
5. Japan, debt around $ 9,300,000,000,000
6. UK, debt around £ 2,500,000,000,000
7. USA, debt around $ 32,500,000,000,000

Yes, they are really rich (in debt). To give a little consideration “As of April 2023 it costs $460 billion to maintain the debt, which is 13% of the total federal spending” for the US, their interest is $460,000,000,000 to pay for the interest and 13% of the entire budget is to pay for the interest. So all this talk about debt ceilings is close to null and void. Not unlike a Ponzi scheme the US government is taking out new loans to pay for the INTEREST of old loans. When did that ever go good? But that is not what this is about. The next stage is about ‘economic coercion’ something America and others have done for decades. Economic coercion is a political tool that the US pushed all over the middle east, and now that Saudi Arabia and other are pulling their contract with the US and giving options to China it is coercion? I mentioned it a few days ago (at https://lawlordtobe.com/2023/05/19/the-stupidity-of-some/) in ‘The stupidity of some’, I made mention of some elements then and several other articles before that. One should not bite the hands that feeds you and I reckon that is why other players were invited to this party as well (no matter what they say). The US is broke and needs others to do some of the heavy lifting. This is OK, or at least that is why allies stick together, but the bulk is deeply in debt with Canada and Australia in a much better position. Germany had industrial revenues so it is not that bad off either. But this is not bout that, it becomes clear when we see “Now, they worry they are being held hostage. In recent years, Beijing has been unafraid to slap trade sanctions on countries that have displeased them. This includes South Korea, when Seoul installed a US missile defence system, and Australia during a recent period of chilly relations.” They worry? So are they being held hostage, or are they not. Lets be clear all these players have engaged with some form of economic coercion in the past, it is a valid political tool, but now that the shoe is on the other foot, the US is worried. It is losing its grip on the Middle East and as Saudi Arabia is uniting its nations and leagues with the added Syria, Egypt and now optionally Iran as well, the stage changes for the west in the Middle East. China has been invited there now and that worries all players of team G7. You see with them losing 5%-10% revenue to China due to all kinds of reasons they are now scared that someone (the big banks like the Rothschilds) will cancel THEIR credit card and that has them scared silly. I would be to, I really would. This is just a few reasons why I tried to sell my IP to Saudi Arabia and Kingdom Holdings (optionally the UAE too). Amazon and Google were asleep and not caring (perhaps they didn’t like my IP) and Microsoft is not invited to that party and optionally Tencent Technologies is.

You see, the stage, several stages are turning to China as an option. Does China have any less debt? I cannot tell, but they are drilling into new business like nothing we see and that has the G7 scared. 

So when we get to “They called for “de-risking”- a policy that Ms von der Leyen, who is attending the summit, has championed. This is a more moderate version of the US’ idea of “decoupling” from China, where they would talk tougher in diplomacy, diversify trade sources, and protect trade and technology.” We see the larger stage, the ‘west’ will diversify trade sources, so that new and emerging economies can only do business with them if they do not do business with China. Almost like Sony did with retailers in 1998/1999. Those who were showing the SEGA Dreamcast would not be getting the PS2. It scared a lot of retailers because PS2 was a winning system and it did. The same was done much earlier with VHS pushing out Betamax (which was superior). A tool used again and again. Yet the larger stage is not these emerging economies, they are a factor, it is what will Saudi Arabia and the UAE do, they are now aligning the next decade and they were the big spenders all over the place and that setting is now heading for China (not sure if it is a done deal) and in this Egypt is important. With them championing Huawei and their G5, Egypt aligns with Saudi Arabia and a lot of commerce and Egypt then becomes a 5G beachhead all over the mediterranean and Africa. This will benefit China a lot. And as we get to “The US is already doing this with its ban on exports of chips and chip technology to China, which Japan and the Netherlands have joined. The G7 is making clear such efforts would not only continue, but ramp up, despite Beijing’s protestations.” This is the stage that is evolving and it is a dangerous move to make. I get why it is done. In the first I am not stating that China is innocent, I am stating that they all used these tools and the debts are drowning their actions. The danger is that if there are any innovative people in China, they will come with an alternative. I have no idea what, but I recall a nice example. The US created a specific ballpoint pen that could be used in space, they spend millions on that solution somehow and Russia? They used a pencil. We saw the Huawei block by Google and now Huawei is rocking the Harmony OS which is available in 77 languages. It is different from both Google and Apple, so what happens when Harmony becomes the tool of choice in the Middle East? You can ban and block, but the danger is that someone finds another way just like Toshiba in Russia decades ago and there was no alternative, as such Toshiba grew and grew with an entire market where they had no competition. Will it happen again? I am certain of it, when one resource closes people look for another resource, it is a natural continuation. Only really stupid people think that no one can get around them and I wonder what will come next. As such I have issues and the BBC did nothing wrong here, they reported, they used quotes and they adhered to something (not sure what). I am showing you that what is said is not merely dangerous it is deceptive. It these are the richest democratic economies, why is there a 50 trillion dollar debt (actually it is decently higher at present). A debt of 50,000 billion and no one is asking questions. I get it (to some degree) Russia is now a problem, the Ukraine is dealing with it, but it can only do so much. It needs support and I agree they do need it and I believe they deserve all the help we can give them, yet across the waters there is no one dealing with the actual debt, they are merely prolonging a complete collapse that will have too many deep in debt for decades. Retirement plans will collapse, health care will collapse and we will all blame someone, but no one is looking at how we all let this happen and now those with the option will look towards the Middle East (including me), a lot are looking at China as an option and a global brain drain will be the consequence. All settings that the G7 will have to consider, because they all have a lot to lose.

Enjoy the start of Monday up to 12 hours (for some) from now. 

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February 11, 2023 · 19:17

History, repetition mode

This is a little harder to write about. It actually started in 2017 when I wrote ‘The finality of French freedom’, the story (at https://lawlordtobe.com/2017/03/17/the-finality-of-french-freedom/) makes a few accusations as I personally saw them. We got some kind of a warped excuse towards ‘we made a mistake’ a year later, but I reported it as I saw it, fear mongering by the IMF. Yes, all those people filling their pockets on the Credit Card of the United Kingdom were missing out on exquisite lunches. This was (as I personally saw it) starting to happen again on February 1st when I wrote ‘Insecure Masturbation Fraternisers (IMF)’ (at https://lawlordtobe.com/2023/02/01/insecure-masturbation-fraternisers-imf/), there we were given via the BBC (no allegations towards them), that the ‘UK expected to be only major economy to shrink in 2023’, ‘expected’ and ‘major’ being key elements there. Now we see “53% of business leaders in France said they expect a recession in 2023”, it is important to note that this does not make that true. All this whilst Reuters reports ‘Meloni: Italy could be in recession in 2023, faces tough times’, here too we see ‘could’ and that is important, but that gives us that there is a case that the IMF is nothing more than a stupid political tool, fear mongering yet again. So we return to the January 31st BBC story where we see “The IMF said the economy will contract by 0.6% in 2023, rather than grow slightly as previously predicted”, now it is time to look at the story now 17 hours old. Here we see (at https://www.bbc.com/news/business-64584295) ‘UK economy avoids recession but not out of woods – Hunt’, where we are given “the ONS revised up its figures for the July to September quarter, to show that the economy shrank by 0.2% instead of the previous estimate of a 0.3% fall”, as well as “some think the UK will avoid a technical recession completely”, as such I also admit that what some admit does not constitute evidence. Yet the fact that the IMF (yet again) makes an error of 0.6% which amounts to almost 23 billion. It is hard to put a number on anything and the flaw seems small, but the 0.6% seems more dangerous than that. The problem is, who is right. One cannot be regarded as wrong because of the negativity, the other cannot be regarded as wrong because of the lessened negative setting. But I can tell you this. The EU credit card is tapped out, the only way to get a handhold on that is by adding the UK back to it, there is no care on how the UK does, it is that if the UK rejoins the EU (after all that bullying) that the EU credit card is back in business and that (especially after the Mario Draghi fiasco’s) should not be allowed. I always stated that things would get worse before they get better and when they get better it becomes a lot better in a hurry, there aren’t 21 countries dragging the UK economy down, as well as their budgets. 

There is a much larger field and serious questions might have to be asked about the seeming incompetent acts of the IMF. I would state that a player like the BBC needs to clearly show sources regarding some of their reports, but I get that this might not be possible, yet the time for questions grow ever larger, especially after I showed issues on at least three events. In the end it might be me, but I was right the first time, I have questions the second time and we need to ask questions, especially when the Bremain bullies are out in force and there are indications (not evidence)  that the IMF is aiding them. But that is merely my point of view on the matter.

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February 1, 2023 · 14:02

Insecure Masturbation Fraternisers (IMF)

Yup, that is the slogan and to get there we need to take a little trip down memory lane before we get to the article that jogged my memories. You see, it all started on October 10th 2013 (at https://lawlordtobe.com/2013/10/10/economic-management-through-newscasts/) where I gave the readers “The same day I get the news on a diplomatic escalation in the Netherlands, sky News UK comes with an entirely different matter. Two elements seemed to be in play. The IMF suddenly lifted the economic growth for the UK by 1.4% for 2013 and for 1.9% for 2014. Those are numbers that are beyond remarkable. Sky News showed Olivier Blanchard the Chief economist of the IMF to make this statement. It was interesting that the IMF calls on Christine Lagarde to give the bad news and Olivier gets to give the good news. There was a shimmer of hope for realism as Ed Conway, economic Editor at Sky News was happy to not reject the notion that the IMF have been lousy forecasters in the past to say the least”, as well as “‘Suddenly’ there was good news, a week before the debt ceiling needs to be raided, whilst the US is still in shutdown mode. Let us not forget that Greece, who also suddenly had ‘good’ news last week is still beyond broke, in addition France and Italy are still not in good shape. The biggest issue is that the UK forecast, which was +0.6%, which was a pretty good achievement to +1.4%. That boils down to a miscalculation of almost $18 Billion! That is a massive miscalculation. There is no indication that such errors were made. Consider that the IMF had high criticism towards the tactics by Chancellor George Osborne, UK’s faithful exchequer.” Are you clued in at present. There is now an indicator that the IMF is nothing more than a political presentation tool to hand out lollies for others to look away as credit limits are increased. It is one of the reasons I went towards Brexit. After the speech by Marky Mark of the British bank (aka Mark Carney, a Canadian no less), I saw the dangers of staying in the EU. Mario Draghi was using a Credit card for trillions after the first trillion was a miss. Now, that happens, solutions are selected hoping it will set the outcome to another stage. There is no fault there, but then he does it again for another 2 trillion. Wasn’t it Albert Einstein that stated that only a lunatic will do the same thing twice hoping for a different outcome? And it wasn’t just me, others had reservations too. There was no outcry when Mario Draghi was shown to be a member of an exclusive bank group. So how much did his friends end up with catering to that debt. Consider that bank bonds have a registration fee and commission. So how much commission did these two dozen people get over three trillion? I can tell you that is would be up to 2%, implying that two dozen people ended up with $600,000,000, not a bad run. So why should the UK pay for that?

Now that we are all caught up (to some extent) it is time to look at the article (at https://www.bbc.co.uk/news/business-64452995) giving us ‘UK expected to be only major economy to shrink in 2023 – IMF’. Now I am not stating that this is not the case, it could be. Yet when we look to 2013 and later, the IMF has played the wrong spades in this game. So when I see words like ‘expected’ and ‘only major economy’ after it took the IMF and Creepy LaStrange (I think that was her name) a year to admit that they made an error of well over $18,000,000,000 I have issues with anything they claim. And when I see “The IMF said the economy will contract by 0.6% in 2023, rather than grow slightly as previously predicted” without clarity I have issues. The numbers could be true, but with the Russian clambake in the Ukraine, the Covid issues (especially in China), the labour shortages and a few other elements that influences the issues, we merely see  “Chancellor Jeremy Hunt said the UK outperformed many forecasts last year. But shadow chancellor Rachel Reeves said the figures showed the UK “lagging behind our peers”” and charts and numbers how bad the UK is doing, but the problem is that the IMF (or Insecure Masturbation Fraternisers) have been too much like a political tool. They proclaim that Russia is getting a positive boost this year but we do not see that it might be mainly woodworkers to create the  126,650 coffins for lost troops, so their economy is up, but who pays that bill? And in the stage of presentation my issue is that these people are all about ‘forcing’ the UK back into the EU so that their GDP can be added to their credit limit. The EU is running out of credit card space, it has been for a year and the UK revenue is essential to turn that about and people need to wake up to the unaccountable overspending the EU is doing. At present the EU debt is well over €12 trillion  with several nations having too much debt. We all know about Greece with over 193% of GDP, Italy surpassed 150% of GDP and Portugal surpassed 125%, Spain is almost at 120%, and France is at almost 115%. The credit limits have been reached and it does not bode well, so all hands on deck forcing the UK back into the EU, but the truth is that once the hardship is passed (which will take some time), the UK will become the power player and the EU will be reduced to a third world nation. So basically at present (a personal view) the German debt of 80% of GDP is the only economy keeping the EU standing. That is not enough and I spoke about that in the past (at https://lawlordtobe.com/2017/03/17/the-finality-of-french-freedom/) in ‘The finality of French freedom’ on the 7th of March 2017 where I wrote “Which is why France is a big deal, that whilst they represent one of four anchors keeping the Euro in place. With the British anchor removed, the stress on the three is intense, the Euro cannot continue with the remaining two anchors that is the desperate game Draghi is facing now. Weakness and non-decisions from 2012 onwards have caused this mess, and of course he is not done yet. As we see in Reuters, last Monday he stated “If non-high-tech companies adopt more innovative technology, that would provide a boost for European productivity“, speaking as the European Central Bank President last Monday, it that so? With what funds? Innovations requires money, such steps have a cost” here I compared the economy with a floating platform kept in place by 4 anchors. It used to be the UK, France, Germany and Italy. Now that the UK is gone, the platform is now in trouble as only the German anchor has any strength left. The economic sea is in turmoil and I already saw this in 2017. Then we got Covid and that stupid bear named Russia and now the economy is a problem, especially for the EU and when that breaks up, the US (Japan also) have no way to go but down and that is what they all fear, they can prolong this if they can bully the UK, but we have seen enough bullies. We all have had enough and that is why I chose Brexit. I could not predict Covid or Russia, but a next economic disaster is alway just past the horizon, there is always a next fire to put out and now the IMF wants to make matters look worse. As I see it, they need a whole range of better and more descriptive numbers. As it stands, at present I do not trust the IMF. Yes the UK could face another recession, but it will be nowhere as bad as the one the EU faces. In the end the UK is part of a Commonwealth and we all (Australia, Canada, India, New Zealand and the United Kingdom) need to united to face the headwinds of the coming storm, we owe it to each other with the acts of irresponsibility we do not owe the EU and we do not owe the US. The US has had over a quarter of a century to overhaul their tax laws. I made mention on this as early as in the age of President George H. W. Bush (1998) now 25 years ago. I say enough is enough and the IMF better give us a lot more and a lot clearer numbers than what we see in the BBC article. That is my personal point of view on the matter.

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January 13, 2023 · 11:54

Inactivity by the overpaid

The Dutch NOS is opening a storm-gate with the article (at https://nos.nl/l/2459559) stating that there will be a power shortage by 2030. Personally I think that he is overly optimistic. I would reckon that clear shortages will be visible no later than 2027 in the Netherlands. The UK will start showing these shortages no later than Q3 2024 and there are several nations in that same setting. The US was already showing them last year, not to a large degree, but enough to get noticed in California and Texas. It will get worse soon enough. I reckon that it will be horrid to live in these places the coming summer. With millions of AC units draining whatever power there is, the stage for these two places will not be a joyous one. I stated that danger in ‘Time as a factor’ (at https://lawlordtobe.com/2022/05/15/time-as-a-factor/) in may last year and several other articles over the two years preceding that. There was (optionally is) a solution and for that they all needed Elon Musk, but governments are not that intelligent. Instead of catering to Elon Musk, they catered to his anger and now the solution will come at premium price. His battery would have been able to decrease the pressure by well over 10%-20% in 2018 when I first made mention of it. But the overpaid civil servants kept on being inactive and that saving is now lost to them. 

There still is an option for several places, but it will take immediate action, places like Texas and California, as well as the UK, France and Italy will have to act NOW to get something done, because Elon is not storing these batteries and when they have to produce 15-35 million batteries, they can sell at a premium but that will set you back so many billions, that the loss of Twitter is nothing more than a little blip on the radar. And there was a solution, but you all had to make fun of him, cater to fake news and cater to BS settings all whilst Jack Dorsey was given a ‘do not touch’ voucher. So how much can Jack Dorsey add? I’ll tell you nothing and now that you need Elon Musk, what will you do? Bully him a bit more? Consider that when these batteries go to India, Saudi Arabia, UAE and a few other places BEFORE they go to Texas and California. And when you realise that a place like Texas will need close to 1,000,000 Power walls at $17,000 each, the math becomes increasingly easy and it might not be enough. In that California would need in access of 3,000,000 walls. And that is before the added wind and solar collectors are added. One simple setting to overcome the loss of Twitter. And lets be clear, he has no obligation to any of you. He can charge premium prices, it is HIS right to do so. Sucks to be you now, does it not?

And in that setting Texans might still forgo power for 16% of the day when they need power for their AC, a stage that was clear in play since BEFORE 2018. All this before some might realise that a place like London will need well over 1,000,000 power-walls. The numbers start adding up and Tesla has the IP everyone needs. So how will you cater to that? Like a bully or will you realise that some people were overpaid by a fair amount and they did NOTHING. If I saw this almost 5 years ago, they should have been on that hobby horse a lot longer, but they were not. Why was that? 

And the shortage will get worse for the UK soon enough. You see, Sweden (Vattenfal) is already showing shortages for winter, as such less and less can be delivered to the UK who will now feel the brunt a lot sooner and the solution I offered in ‘Will you feel frisky?’ On June 28th 2022  (at https://lawlordtobe.com/2022/06/28/will-you-feel-frisky/) now feels a lot more on point, does it not? So how many documents can the UK produce of efforts they made from 2018 onwards to cater to this need? And that is the setting now, but this pressure keeps on growing, so the worm that hesitates will get eaten in this setting, because the shortage is global and now that the pressures are showing will some ask, why did we do nothing? People have been BS’ing on power independence since the 90’s and when the moment comes, we see inaction. Don’t take my word, check and you will see I am right. The overpaid were inactive for far too long, let them explain why. Oh, and they come with something like ‘It was a complex issue’ feel free to dock their pay for over 40%, it was why they were there and even if that doesn’t solve the issue, it will feel good to see the worm squirm for his lost 40%. Do it, you’ll see you’ll feel better. 

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January 5, 2023 · 22:16

Growth

Growth, we all seek it, in mind, in business, and in setting and there is a stage that is evolving at present. The Guardian reported early this morning ‘Record warm winter in parts of Europe forces closure of ski slopes’ (at https://www.theguardian.com/world/2023/jan/04/warmest-january-ever-forces-ski-slopes-across-europe-to-close). Now there is the expression that one swallow is no identification of Summer. Yet there is no guarantee that next year will be better. Consider the stages France, Switzerland, Austria and Italy. That is a stage that gives them a pool over well over 2 million people who do want snow, who want to taste the slopes. They will soon need to seek or at least consider other venues. In the Northern Hemisphere that gives them Norway, Canada and China. Finland has a lack of mountains, as does Sweden. Norway can grow as can Canada. I reckon that there are too many anti-China sentiments at present. Norway and Canada have good vibes on the slopes and I reckon it is time for them to consider new settings. Some places in Norway can grow, but they will need at least one more place for now, as does Canada. Yes Whistler is a great destination, but it is overcrowded. The 2022/2023 movies are mostly ab out the horrendous waiting times, the amount of people trying to get up. Whistler is full and Canada either creates an additional place where the people now going to Whistler can g, or bleed tourists to other nations. I reckon that they will see that another Canadian field (most likely in British Columbia) makes sense. There have been abandoned places (near Calgary) that offer a good setting, yet that stage need work as well as anything new. Every field will grow, but only if all the amenities are there. The same for Norway, who is seen as an excellent place to visit, but the call of Whistler is strong. So, as I see it They both have good chances, but the one with a better option and a cheaper one (Whistler is really expensive) will get that cluster of people. So there is risk. If a strong winter gets back in the next year, their issues are saved (France, Switzerland, Austria and Italy), if not the early bird will get the collection of worms and it will be a lot more than mere thousands. Thi will affect plane travel as well as accomodations. There is of course a lot more and even as I cannot give you all the answers, there is clear place to grow, not merely to get the overrun to Whistler, the failing of places we never expected to fail will call for more answers, some we might never get. But the overwhelming stage is that snow is lacking in places where it should not and the places that could benefit might never have seen this coming.

That is not on them, but next year will be and there they need to find ways to either take the risk that they miss out, or see what they could get because a group of millions of tourists in this day and age is a strong call. Personally I have no interest, but there is a second stage, one that is not a given. We can get that Paris and Milan–Cortina d’Ampezzo are places currently set for the Olympics. I hope it goes well, but if this bad winter stage continues, someone has to step in. Who? That is anybodies guess. But there is room to grow for several reasons and several places will have the option to grow, will they take it? I cannot tell, but even if there is added revenue, it comes with a decent amount of risk. No one denies that, but no one saw the really bad snow weather of this season come, especially when places like Canada is drowning in the stuff. 

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December 21, 2022 · 22:42

The question remains

I got news about 10 hours ago from Al Arabiya. There we are given ‘Saudi Arabia approves draft agreements on atomic energy, economic crime’ (at https://english.alarabiya.net/News/saudi-arabia/2022/12/21/Saudi-Arabia-approves-draft-agreements-on-atomic-energy-economic-crime)

The article gives us a few items that require the limelight, even as the western papers give it no attention, the event described here is one with a lit of impact.

  • members approved a framework agreement to cooperate with Morocco in “the field of peaceful uses of atomic energy”
  • a draft Memorandum of Understanding with Uzbekistan to help allow the countries to exchange of information “related to money laundering, terrorist financing and related crimes,”
  • a draft agreement with Greece, to foster cooperation in health between the countries, 
  • a draft agreement with Italy to help encourage direct investments between the countries, and a draft agreement with Ghana to develop non-oil exports between the states.

These are the four big ones, there are four more. And when you consider the map, we see that within a year the Kingdom of Saudi Arabia will be the largest economic partner for the important parts of North Africa, Egypt, Morocco and as ties are stronger connected with Tel Aviv, the Kingdom of Saudi Arabia is now the powerhouse in the Mediterranean. Greece, Italy and soon better ties with Turkey. This was always going to happen, I predicted it, but my view was that this was 3-4 years away. It seems I missed the target by at least 2 years. 2023 will open the doors and I reckon that larger gains will be Made in 2024. Saudi Arabia is now in a setting where it will be able to drive commerce that is not oil based soon enough and stronger than ever before. 

And that is before you see the steps that China is opening up, but it also implies that China is a lot stronger to become the defence dealer of choice, billions and billions of dollars that are about to be lost to the EU and US. I warned them that this was coming and now the steps of making sure it happens will become a reality. It does not make me happy as I miss out on my 3.75% bonus check and on $27,800,000,000 that is a lofty loss. Such is life!

Now there is a second stage in play, the article does not bear it out, but I reckon that the Kingdom Holding Company will get a few other options going their way. I do not know how, but the Kingdom loves partners in this (I learned that at the Saudi Consulate several weeks ago). What is in play is that there are several options for Israeli growth. Not just the NSO group, but NICE with their CXone platform will set a larger stage of cloud centres for the Line and Neom. From there as they make their solution more Arabic, they will get a handle on several fields in several nations. And we all see the stages as they evolve, well that is if you read English Saudi News casts, the west seems to filter it away and when we see too much of this, it becomes a joke what the west is and has been the last decade. Filtering news information was never a good idea and you are about to see why. Saudi Arabia is active in growing business in Egypt, Morocco, Greece, Italy, Indonesia, and China. Consider the loss of revenue for the EU and the US? Is no one asking questions? And this is merely what can be seen for 2023. I reckon that several nations will go into crises mode in the next week, because some of them were moved from consideration column A to column C. Only a blind person ignores is and one with an oversized ego ignores it. When will we learn that we cater to the players who have it and the US doesn’t have it, and the EU has even less at present. There is every indication that by 2025 the Saudi Telecom Company will be the biggest player in North Africa and the Middle East. This will have larger implications when Indonesia is added to that network. It was a simple cascade stage and it is about to become a reality. From there there is every chance that the STC will enter Europe as a new player and one wielding a formidable bat. That is what I see as optional changes. So whilst we see the EU and US with contracting economies, we get to see another one grow and it is about to grow by a lot.

Have fun!

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August 26, 2022 · 19:34

S.P.I.D.

Yes, we do love our acronyms. There was SPQR (Senātus Populusque Rōmānus), there is RADAR (Radio Detection and Ranging), there is FUBAR (Fucked Up Beyond All Recognition) and my favourite SPID (Stupid people in defence). The last one gets a new level of non-intelligence when we see the BBC article ‘Nato investigates hacker sale of missile firm data’ (at https://www.bbc.co.uk/news/technology-62672184). The article alerts us to “Nato is assessing the impact of a data breach of classified military documents being sold by a hacker group online. The data includes blueprints of weapons being used by Nato allies in the Ukraine conflict.” And to show you just how stupid this is, lets take a look at ‘What did they not see?’, which I wrote on May 1st 2021. There I wrote “Ransomware gangs are now routinely targeting schools and hospitals. Hackers use malicious software to scramble and steal an organisation’s computer data”, in addition to this we have ‘Exposing lies?’ Which I wrote on July 23rd 2019. There I gave the readers “The FBI send their cyber experts and behold, they too agreed that it was North Korea. Even as we were extremely aware that they had no way of doing it, the FBI stood firm on their findings.” These elements matter. They matter because on July 30th 2021 I wrote ‘In retrospect’ where I gave the readers “It goes back when I designed an intrusion system that stayed one hop away from a router table between two points and to infect one of the routers to duplicate packages from that router on that path, one infection tended to not be enough, 2-3 infections needed to be made so that the traffic on that route between two points could be intercepted, I called it the Hop+1 solution, I came up with it whilst considering the non-Korean Sony hack. That  thought drove me to think of an approach to find the links.”

So when we see ‘now’ (8 hours ago) that “The pan-European company, which is headquartered in France, said its information was hacked from a compromised external hard drive, adding that it was cooperating with authorities in Italy, where the data breach took place. It is understood investigations are centred around one of MBDA’s suppliers.” This is important because I learned basic issues like data at rest and data in movement A DECADE AGO, as such, how stupid were these people? And that is before we start digging into the ‘compromised external hard drive’ part, who got it compromised, where was IT, how did SE-Unix fail, or are these people even more stupid and they relied on Microsoft? So whilst we understand “a Nato spokesperson said: “We are assessing claims relating to data allegedly stolen from MBDA. We have no indication that any Nato network has been compromised.”” Yes, because admitting to a faulty network is a bad gig for all around. I reckon that this gets shovelled under any carpet as soon as possible, and the criminals? They get to fill their pockets. A stage that has a few issues from the get go and that is before we start digging into “Cyber criminals, operating on Russian and English forums, are selling 80GB of the stolen data for 15 Bitcoins (approximately £273,000) and claimed to have sold the stash to at least one unknown buyer so far.” There is still the issue whether the claim is true, who was the culprit and where did it all go? There are all kind of questions and that is not on the BBC or their fault. What one person claims is another person’s believe and yet another man’s doubt. But there is a rather large problem, the fact that there was an external hard drive, the fact that it allegedly was compromised implies that there are failing policies in place, there are failing IT divisions in play and there is a large amount of military IP in the open. There is a lack of questions and the fact that it is not front page news in EVERY paper is yet another matter. So when we take notice of “A former Nato official said: “There’s a lot of over-classification in Nato but these labels matter. They are applied by the originator of the information and NATO SECRET is not applied lightly.

“This really is the kind of information Nato doesn’t want out there in the public.”” We seem to see the change of a dance, what direction and which tempo is unknown to me. It gives a speculated view that there might be additional damage, but that is speculated and in light of one compromised device the question becomes how was this one undetected for so long and whatever more could be compromised? So when you take a dab at my hop+1 solution, consider that a compromised device indicates that some people of rank in that place were especially stupid. But that could just be me and I merely wonder how the relationship of mundane workers at place X versus the amount of SPID’s in that place becomes an interesting investigation. Merely because there are a whole range of players who would want that data and they are all willing to pay, so these hackers could end up with 10-50 times what they have now. 

Enjoy the day!

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