Tag Archives: Italy

The shocker of the week

I am not great when it comes to sports. I have some skills, I am a decent hockey player, I love my hockey and I enjoy cricket. That is pretty much the life I have and I am content. I am not really that deep into Rugby. I have nothing against the game, but it was never my cup of tea. I know that the Rugby trophies tend to end up on Kiwi soil and that is fine by me. As such we all have our view of sports and its players.

When I think Ireland and Rugby, my mind sprints to Devin Toner, standing almost 7 feet tall, wearing 15″ shoes, ladies taken notice of that as men with big feet, need big socks ;-). As such when you see him stand next to two team mates, making them look like 6 foot shrimps, you know that there is a force to be reckoned with. As such when I heard that Japan was going up against them, in my mind the score seemed a forgone conclusion. Imagine my surprise (and utter shock) as the game ends 19-12 in favour of Japan. It is not just me, the amount of memes crossing my screen is adding up fast, and I am still reeling from the idea that Japan was a contender in Rugby finishing up the second best team in the world.

And for the meme’s, well they are risky and hilarious, yet it is interesting how the Springboks see themselves and how they see Japan, Japan has 2 out of 2 wins, yet they still have to face Samoa and Scotland before the quarter finals start. Pool B has Italy on top, however New Zealand has only one game played, as such New Zealand could rise to the top soon enough. Pool C has the UK slamming both Tonga and the USA with a serious amounts of scores. Leaving us with Pool D, only Fiji has had two matches bumming out on both. As such the big game there is today; Australia versus Wales and the winner in this one is most likely to become the pool winner, with the other one decently likely to be runner up.

Even as I love my boatload of meme’s, this world cup is not settled, not by a long shot, and the scores will take a beating, as I see it (slightly biased) the big match might be tonight for the pool, but it is the Australia versus Argentina match on October 20th that will keep most of Australia on the tip of their seat. It could end up being UK versus Australia on day before, but that is speculation at best, what is not a speculation is that at present there is a decent chance that Japan becomes winner Pool A and they will have to fend off either Italy or New Zealand, to change that South Africa must win both matches. The chance of winning against Canada is good, against Italy not so, implying that they would be cut.

Their only chance is for New Zealand to strike it super unlucky and with them facing Canada and Namibia, I do not see that happen, against Italy anything is possible; however their match against Namibia indicates that New Zealand will make it.

No matter how we slice this world cup, Japan the host nation was able to shock Ireland into handing over what most would have seen as certain victory. That alone makes this world cup an interesting event, a game where the outcome goes topsy turvy on the game fans tends to be a great year to be watching the world cup, that is almost a given in many sports, Rugby is happily accommodating to its fans this year and the excitement for the game will be better for it.

 

Leave a comment

Filed under Media

That one sentence

You have all faced it before, the moment where that one sentence stops you in your tracks. I am not talking about the sentence a partner states when they come with ‘If you get naked now, we can have sex‘, most people jump at that point. No, it is the ‘if you value your life‘ moment. It is not always a threat, and more important, it is not a sentence that is an imminent danger to you, that would be a reaction as well, but one of another kind. It is the sentence that makes you realise just how dangerous the stage is. I saw one today that came from Warsaw. It was an opinion piece, but the issue is not that it was an opinion; the issue is that this opinion is shared and it shows just how essential Brexit is to the UK. Besides the two failed stimulus events and a new one rolling off the bankrolls as we speak, a third, or perhaps more accurately stated a second mistake in a three part plan that goes nowhere. We now get that sentence ‘The Financial Times editors, heads of German business and many economists argued that Germany should start spending which it does not intend to do‘ this sentence is dangerous and idiotic, there is no relief in spending more, there is no relief, not merely because a government spends more, it is idiotic because Germany has a debt that surpasses 2,250,000,000,000 €, more important, their debt increases almost €2,000 a second. So every person in Germany has a €27,500 debt to deal with. A nation in that position is not in a good place and needs to reduce debt, but the deception and the brainless issue is that Europeans are all in a stage to take on more debt, whilst the ECB is playing with trillions in stimulus. That danger is too large and leaving the EU is the only option to get a handle on the debt every European faces.

The danger that these exploiters face is that the UK can pull it off, and when the first economic victory is scored. all those EU members will stand still and look at how they can pull it off, the people behind the scenes, the people handing us this contrived stories will then have to report to the large corporations and the custodians of the European corporatocracy that they have failed and they will no longer matter or be considered valued. That is the larger game and whilst the UK moves closer to proving that point, others keep on fear mongering as much as they can for as long as they can. Yet the dangers are becoming real and they are increasing in visibility. The Local in Germany (at https://www.thelocal.de/20190913/should-germany-give-into-pressure-and-boost-spending-to-revive-europe) gives us: ‘Should Germany boost spending to help revive Europe?‘, yet its economy is slowing and they are close to a €2.5 trillion debt. Still, for the economic value of Germany it does not seem much, but it is not a multi-billion valued debt, it is a thousand times worse and people do not seem to get that this debt pushes nations towards a corporatocracy where the banks and corporations are in charge and that danger is not understood anywhere, except perhaps the boardrooms of the Fortune 500 and they are extremely unwilling to explain it to you. As we see the stage of corporatocracy growing, we should also notice the lack of media looking into that matter. I would state it is because the media aligns with Shareholders, stake holders and advertisers and corporations are in charge of all three. So in a stage where we see: ‘a day after the European Central Bank warned it had reached the limit of its powers to avert recession‘, we get two things. The first is the stimulus that is coming, and second German Finance Minister Olaf Scholz gets the news: “Germany faced renewed pressure on Friday to boost public spending and help revive a sputtering European economy“, neither will solve anything and there is now the crux, because if the UK exits the EU and gives a real first sign of improvement (which will be year 2 or 3 after Brexit), we see a change, Germany will anger to a degree not seen before and the German population will demand Gexit, AfD (Alternativ fur Deutschland) is already pushing in that direction, but it is not powerful enough, the first UK signs will push it to such a level that Gexit would optionally happen overnight. That is the problem for the fear mongering lot and they are scared because Brexit is still on the road, and the second problem is that it will bring a better stage to the UK, which also means that Germany will get out as fast as possible. At that point the EU can no longer continue, with three trillion in debt it will collapse. I had actually expected for France to leave as a second country, yet with France electing an investment banker, that danger was temporarily averted. Now as Brexit is in a higher stage the Germans start looking at the ACTUAL issues and FACTUAL problems and benefits that the EU leaving stages bring, it is the one part no one had considered to the degree they needed to. Fear mongering remains a virtual issue and the real facts are not in line with the fears created and now that this void is becoming visible, a lot more people are realising that they were played and that will give the entire EU collapse a speed boost, but in all this, it is the UK that pushes what happens next, that is why we see UK Labour cold calling on every door with some hilarious moments (at https://www.thesun.co.uk/news/9924096/homeowners-brexit-rant-terrorist-corbyn-democracy-labour-caller/). Yet they are merely stalling and buying time, at present Labour has no political power to their position, Jeremy Corbyn and his stupidity destroyed the Labour party, so he decided to openly support (read: hide behind) the remain groups. It is a valid strategy, yet the truth is also that more and more people are aware just how dangerous remaining has become and the British people have one full faith, they have full faith in Britannia and in that setting there is no EU, large corporations never understood that, it is not Wall Street, so they cannot comprehend.

So there we see it all and this all started with that one sentence: ‘Germany and others need to spend more‘ and when we see the debts rising and rising more and more people realise the one urging thought ‘Why on earth would we want to do that?

The smallest level of consideration would have been given if the second stimulus has shown levels of victory, it did not and now we have and a €3 trillion debt and no restored economy. The truth does not come from economy, it was Albert Einstein who gave us: “Insanity is doing the same thing over and over again, expecting different results every time“, it is the realisation of that truth that is now sinking in and spending more and more helps corporations, it helps banks, it does not help people, and that truth comes clear when it all collapses and all the pensions stop existing. That will be the next step and still the ECB will remain in denial, this entire matter is staged around organisations and gravy trains that have no bearing on our economic benefit or our economic long term stability. It serves them and the members of their teams, and more people are figuring that out.

As we are brought more and more revelations on how there will be a new recession, we see others come with news, fake news, bad presentations and so on. The Guardian in 2018 gave us: ‘We are due a recession in 2020 – and we will lack the tools to fight it‘, the recession is still coming, the tools are not there and more debt is coming in at the same time. This was always a formula for bad tidings. More important, it will hit Europe and the US both to a larger degree. It will not be a 2008 event, but it will be bad and as I see it, as Germany has the best economic position as their debt is merely 60% of GDP, they have the best chances to get through it all. The UK follows after that, yet they too will be hit and now we get the kicker, if Brexit has been completed, the drag, the huge drag that the UK would get because it had to tend to the 27 member states will no longer be there, so they can rise faster and sooner. That lesson, when we see that in reality will be the trigger for Germany, France and Italy to get out as fast as possible. It will end the EU, it will make a lot if issues messy yet it is only after that that a global economy can be grown in proper ways.

This was not a mystery, this was not a consideration and it was not a devil plan. It was merely that application of nature. Consider that any economy has high tides and low tides that is how it was, like the seas they have an influencer. For the sea the larger influence is the moon. There is nothing we can do anything about it, yet these tides are also regular, so for a larger part they are predictable. Now consider that tides fall away, on a planet with 24 time zones, we decided to place 4 of them in one group. Then we decided to nullify the tide (which was unnatural) and now we are all screaming that recession is our bane, it never was, economic cycles are as normal as the tides and we all face high and low, it is not something that corporations like and they designed a way around it. They failed, nature always finds a way and that is where they are now. They want to stall as much as they can and they are willing to sell 500 million people in the EU down the drain to keep their profits, and now as we all realise that these times have come and gone, and as we realise that debt helps them, it does not help us, people wake up and decide to find a way to end their struggle. It will be a long fight, but at present we could win it and end the EU cycle called corporatocracy, the nations, their monarchies and republics get to win. There will be a mess, it will not be pretty but it will get better.

So what one sentence woke you up today?

 

Leave a comment

Filed under Finance, Media, Politics

Anacusis through silence

This is about an article I wrote on June 2nd 2018, the title ‘Cheese Pizza with Oregano‘. The story (at https://lawlordtobe.com/2018/06/02/cheese-pizza-with-oregano/) looks at the finance situation that the big 4 face. With Brexit 7 weeks away that premise is becoming a lot more important. You see the big 4 (including the UK) had a lot of debt, now the issues for the UK do not dwindle, yet the other three are in a less savoury position. As sources gave us then we see: “Spain will have refinancing requirements that exceed €300 billion per annum before 2022. In 2018, 41.2 billion euro, in 2019, 82.4, in 2020 83.9 and in 2021 58.5 billion euro, with 60.4 billion maturing in 2022“, the second part is not Spain, it is Italy where we see: “4 billion euro maturities in 2018, 161 billion in 2019, 164 billion in 2020 and 172.5 billion euro in 2021“. Bloomberg (at https://www.bloomberg.com/opinion/articles/2019-08-29/conte-s-five-star-democrat-coalition-offers-italy-respite) gave us last week ‘Italy’s Unlikely Allies Offer a Brief Respite From Crisis‘, a brief respite is not a solution and there well over a quarter of a trillion Euro to refinance in Europe alone. Where is that coming from? You see Italy is merely one of three players that is in the deep waters, I have no numbers on Germany, yet Spain is in a similar place and whilst we thing that there is no issue, there is. Two nations represent an outstanding invoice totaling €250,000,000,000 due in three months and there is no real solution (as far as I can see it). Refinancing is fine by the banks; with the added interest these two nations will sign an addition burden of no less than €2,500,000,000 and optionally close to twice that amount. This implies that in the two nations every person adds between €24 and €50 to their debt (read: taxes) just to pay for the increased interest. You might not think this is a lot and over a year it seems little but EVERY person in Spain and Italy must pay it, no exceptions and it is merely to pay for the additional interest on the debt, not the debt itself and next year it will be about twice as much and with the outstanding debt still there (I am ignoring the debt of 2018), in 2019 people will have to pay between €75 and €150 each, young, old, it will not matter. So how large is the percentage of people that have to face this invoice and have no means to pay it? Those having to live below the current poverty line is clearly one of these groups and it is not a small group. We all are placed in denial of outstanding bills because the media seemingly ignores it. I gave warning to this in 2017, I reiterated it in 2018 and now the issue is on the doorstep, pushing it forward one more year will make it all come apart. It is the clear stage of deafness through silence. If we keep silent, it goes away. Well, there is some news for you. Anyone who ever faced a debt collector can tell you, it never goes away and that feeling of hardship can follow you up to a quarter of a century. And all this is negating the French situation. Germany is in a much better place, but when the recession hits it will deteriorate and in addition, Germany is seemingly tired of carrying the burden of irresponsible politicians. And when it comes to France, I personally wonder how much Credit Agricole gets to pocket this time around (perhaps you remember the Libor scandal). I agree that Credit Agricole was not alone in this, yet this time around Deutsche bank and Credit Suisse have additional problems and they are not in a position to get caught with their fingers in the cookie jar (or is that fingers in the cocky jar?)

the problem is that these people tend to not learn, in addition, the wealth tends to outrun the fine by a fair bit and that is where the problem lies, the issues of debt needed to have been negated harshly a lot sooner and these governments pushed it forward again and again and this now directly interacts with any additional stimulus, because Spain, Italy, France and Germany (Germany a lot less) will get to feel the pinch on both ends of the pliers, the Stimulus branch and the refinancing branch. The UK is not out of reach of it all, but as it is on the way out it cannot be held responsible for a lot of these upcoming cost and the remain group just does not realise how much money is added to the debt in that way. It was the biggest issue that mattered and it has arrived at the front door of the UK, The Brexit door avoids that issue that was part of the larger problem all along. And now 12 of the 27 nations are eager to say yes to whatever infusion they can manage also becomes a worry, as they now face a much larger share of that expense, so they are complaining as loud as possible.

Even now as we see the Coup D’état message of: ‘Brussels would reluctantly agree Brexit extension if rebel MPs succeed in preventing no-deal‘, and other messages of delay, the delay is essential for Europe because they decided to remain in denial of Brexit, for three years these EU people got fat wages and remained possum, so now we see a larger issue. What use is the EU when it cannot contain any control over the irresponsible spending of the ECB? What use is the EU when the players have shown an inability to get a proper budget? The problem is actually a lot larger. You see the next part is speculative and I cannot prove it, but bare (or bear) with me. It connects to the IMF Data produced for the year 2018. Now we can agree that there is always an interaction. There is expected positive and actual positive. My issue is that EVERY nation in the EU gained (actually except Turkey). All are gaining, now we can agree that most might have had a positive impact, yet when we look back at the news we see: “The weaker end to the year weighed on the economy’s performance in 2017 overall, with growth revised down from 1.8% to 1.7%” (the Guardian), “Britain’s economy slowed to a virtual standstill in the first three months of 2018” (the Guardian), “It felt as though the sector was losing its lifeblood this month as Brexit worries continued to claw away at confidence, new orders and business margins” (the Independent) all these bad news linking Brexit, all whilst the IMF data shows that nominal GDP numbers for the UK went up by 7%.

IMPORTANT

Now there are two important parts here. The first is that the metrics are not the same, yet the premise of one side claiming that there are losses, the positive is down, yet the year before the IMF showed that the UK GDP went down by 0.011% the numbers make no sense, we are thrown between different metrics and those different metrics do not reflect the battering news again and again. The people are being handled with data that is not reliable and that part is obvious not reported on. Just like the news three years ago that the IMF reported that UK austerity was a really bad idea, something that they had to retract later on. The second danger is that the GDP is a lot more complex, yet the premise that the UK economy is so bad, so less good and growing so much less so than before the Brexit ‘threat’ is not seen in a -0.011% versus a plus 7%. Even I agree that 7% is way too positive, but these are the reported numbers and they do not add up, not compared to the media and all the anti-Brexit reporting.

This comes to blows when we see the issues in the other large three European players. In addition, the setting ignores the fact that the medium economies (Netherlands, Belgium, and Sweden) had been doing a lot better. Their economies might be ‘too’ small, yet their good venture might reflect to Eastern Europe to a much larger degree. Merely agreeing with the big four is seemingly folly too.

Oh, and before I forget, we can now also consider the forceful removal of any politician in the European economic field if so desired. They can be fired without any legal repercussions at present. The EU enabled us to do that when they decided to label the no-deal Brexit as a major natural disaster. This works for the remain as well as the Brexit group as the ECB was the biggest flaw in all this. When the Coup D’état works in the UK, we can demand the immediate firing of Mario Draghi and his ECB associates (read: cronies). If the economy is seen as a natural disaster, those setting and prolonging the stage of a natural disaster are wielders of that natural disaster and as such should be pushed out of office without pay.

I wonder if they thought that through, I guess not. I hope I did not oversimplify matters here 😉

 

Leave a comment

Filed under Finance, Politics

Dimensionality

There is growing unrest and growing movement. People are changing and relocating. It is all about Brexit. We see the news; we see the blips and the funny quotes. This week the funny moment was a Scottish girl who would not accept the outcome of the Brexit referendum, because this was a democracy. OK, we all have moments and that was a golden one, no doubt about it. I am pro Brexit, not because it is a great idea, but because the ECB did not leave us an option. The irresponsible spending by Mario Draghi with his stimulus got the EU €3,000,000,000,000 in additional debt with no hope of resolving it within several decades. Now with another recession on the horizon, the EU member states will learn the hard way what a recession does when there are no checks, balances or reserves available so this time around it will strong to the largest degree.

Yet, that is not what this is about. We see part of the issue (at https://www.euronews.com/2019/08/26/nearly-100-companies-move-to-netherlands-ahead-of-brexit-dutch-agency) where “Nearly 100 companies have relocated from Britain to the Netherlands or set up offices there to be within the European Union due to the United Kingdom’s planned departure from the bloc, a Dutch government agency said on Monday” It is a move that might seem nice, but there is a hidden trap in all this. These players are shifting to a nation (whichever nation), and whilst they think that setting up shop in the EU with its 513 million people was a good idea, that number still includes the UK and after the switch they are vying with other competitors for 444 million customers, whilst they left the 69 million people they already had. Germany has 82 million, France, Spain and Italy have less than the UK as population, implying that they are a smaller pond to fish in. The issue is not that they are all part of one EU, they are well over 20 member states, all with their own little local laws and that is what these people forgot. They walked away from 69 million UK consumers and now others can grow in their place.

This is not always the case, but yes, to the largest extent, these 100 companies have moved house leaving opportunity to others. Would you remain a customer of (example) Lloyds insurance when you have to connect to the Netherlands for your insurance? When the ‘main office’ gets involved all little quirks come out. We saw it in the past and we will see it in the future. A large block of people will vacate and seek local representation that is how people work. And it all sounds nice to have the new office in Amsterdam, but that market is pretty saturated and even if it was not, The Dutch have their own language, things will take a beating and those vacating British shores will face impact and reduced clientele, as well as diminished exposure and opportunity.

Feel free to remain in denial, just remember, you yourself are your own best example. For the bulk a lot will seem the same, you get your Netflix, you get your amazon and you get from Google what you need. These are true global players. Your services will alter, your goods will be localised and your financial needs will be locally catered. That was the path everyone ignored, it was the path that would always impact. Listening to European politicians was never a good idea and these players will face that certainty soon enough.

When we look at the quote: “The businesses are in finance, information technology, media, advertising, life sciences and health, the NFIA said” you think you have a good deal, but do you? Finance? Banks are local, mortgage tends to remain local and a whole host of options was always available globally, that never changed and those trying to skim more lucrative deals will soon learn that others will vie for the 69 million Brits needing services and they will adhere to local markets. IT, that will not change, it is an import market and moving out of the UK was never going to be a larger issue, yet losing a 13.5% market to other players is never a good idea. Those who relocated against those who opened another office for the time being are going to see things very differently soon enough and once these 100 companies see that the shift out of the EU will start to pay off much better in years 3 and 4 for the UK. At that point the momentum in the plus will start stronger and that results in better investments and stronger needs for these 69 million consumers. The problem is that once out of the UK these players will find it much harder to get deals done as there is no local representation. It will be a lot more expensive to get and retain British customers. The lessons learned the hard way 35 years earlier will rear its ugly head once more.

More important, the additional Stimulus cannot be pushed onto the UK so the other member states will have to pays for that, taking the UK out of the decision stream allowed for that change and now a large chunk of that €3,000,000,000,000 is now all on the other players (mostly Germany, France and Italy) and they will not like that one bit.

Yes, I acknowledge that there are some situations that have an optional advantage, but the larger extend falls away as those people are truly global and moving out of the UK merely implies that 13.5% of the total EU customer base is now not on their income path, it needs to be an alternative path with jumps, kicks, levels and springs. It lowers their revenue margin giving them additional worry down the road to please their shareholders and that is beside the point that they lost out on 13.5% of the entire EU market.

Now that the Queen has accepted the plan to suspend parliament, we see outrage, at this point a lot of 11th hour plans for people to make some Bremain move are no longer an option, now the panic sets in and those who have not made a clear investigation on the opportunity that Brexit offers will run and jump the ship, only to learn that they forgot they needed swimming lessons to make it to another shore. So as we consider UK’s largest Joke (Jeremy Corbyn) with “Suspending Parliament is not acceptable, it is not on. What the prime minister is doing is a smash and grab on our democracy to force through a no deal“, to him the message is simple and rather clear: “You had three years to find a solution as the people had elected to Brexit. The childish games, long winded speeches and inconsiderate choices will now cost you dearly” , my personal response is even more apt when we consider the Sun with “Jeremy Corbyn ‘plots coalition of chaos’ as he softens terms for Remainer pact to block No Deal Brexit. Jeremy Corbyn is leading pro-Remain talks with opposition parties to block a No Deal Brexit” only two days ago. As I personally see it, it was a childish attempt to stop Brexit from happening. The math is actually simple. The got nowhere in three years, that means that they are incapable of getting anything done, or they merely wanted to stare Brexit to death, neither option was acceptable and it is time for everyone to accept the stupidity of UK Labour. In all this the EU has acted like a petulant child for the longest time and now that Brexit, optional no-deal Brexit becomes a fact the larger players will have figured out that 69 million consumers are important. The people who vacated the UK whilst nothing was a given have given up their jobs to others, others who will now feel the caress of having some decent money. It is not a great place, but a better place and as the economy takes off as unemployment levels drops with a larger skip, the math of deficit also changes to the favour of the UK coffers. there are more impacts, not all positive, but to a larger extent the UK will have a stronger position in year two and it only reinforces the options for years three and four, making larger waves in decimating debts whilst the EU will get a truckload of additional debts soon thereafter.

It was always about dimensionality and those who could see past the simple top line that he media was hiding behind. The status for the UK will not change overnight, but it will change for the better soon enough and once those running rats (a ships reference) figure that out that they changed a passenger liner for a sinking barge, at that point will we see an interesting demonstration in entertainment and long winded speech wankers (for lack of a better term).

In my view, there is one small additional truth, Jeremy Corbyn might become the Caretaker PM, but merely a ‘Catetaker Pro Mortuarium’, a cemetery where he left the cadavers of his own short sighted stupidity and good luck to him weeding out those graves, it will be a full time task. I wonder how many large corporations are willing to stand behind Jeremy Corbyn whilst we know that those players are only in it to extent the status quo of their required greed. Who could ever support that stage when they can clearly see all the players and what they really care for?

 

Leave a comment

Filed under Finance, Politics

When it becomes pointless

Have you ever considered the actions that you need to take, yet you already know that whatever you do, it is a pointless exercise from the very beginning? The problem is not that there is discrimination, it happens everywhere; the fact that the media is part of it to a much larger degree is becoming an increasing problem.

We merely have to look at Saudi Arabia to see that reality. First of the bat, I do not claim or think that Saudi Arabia is innocent, I cannot claim that they are because there is no evidence making them innocent, yet there is also no evidence of guilt and that is the part that matters. When we look at Jamal Khashoggi, a journalist no one actually cares about and we are given: “The report suggested that Khashoggi first struggled with his killers, after which he “could have been injected with a sedative and then suffocated using a plastic bag.”” we see our larger failing. when UN reports hide behind ‘could have been‘ as well as ‘report suggested‘ we see the failure called Agnes Callamard, the U.N. human rights agency’s special rapporteur on extrajudicial executions, places guilt for the murder squarely on the Kingdom of Saudi Arabia. When we see: “There was “credible evidence,”” Agnes Callamard is a failure, because the condition of murder (as well as manslaughter) fails as the court must acquit a defendant unless the state can prove beyond a reasonable doubt and that was never done there was no evidence and the UN knows this, the media know this, but they decided to ignore, so that they can blame the death of a nobody to a government. The difference between murder and manslaughter is intent, and even if we had some degree of certainty that there was intent, there is still no evidence of any kind, they all know it, they all ignore it.

Now, did I overstep my mark with the ‘nobody’ statement? Optionally! I use that word because for the most (exception of drug dealers, politicians and in many cases journalists) people matter. My issue is that there are real things happening and they need exposure, yet in one month finding 70 million articles on one person is rich, it is too rich and no one seems to notice that and the media will not tell you, so why not exactly?

Then we take another look at the arms deals, it is an important part not merely for the commerce needs, not merely because any sovereign nation has the right to defend itself, the fact that we stop ourselves and alienate optional strong allies through the banter of bullshit by politicians is just too weird. The UK and US are about to walk away from billions in revenue, billions that are legally fine, will give funds to their treasuries and these coffers fund all kinds of things; Yet some people think it is dirty money, as such it should not be touched. I have no qualms about it; I will take over and sell Saudi Arabia $5 billion at the drop of a hat, any hat. They are a sovereign nation and allowed to purchase materials for their military needs.

Yet the media will not report that, will they? They for the most need the people to live under the guise of emotion in this case. Why is that? When we see the Arab News (at https://www.aljazeera.com/news/2019/06/yemen-escalation-houthis-ramp-attacks-saudi-arabia-190622055136031.html) showing us the missiles that were fired on Saudi Arabia, as well as the fact that we see the UN allegations “In January, the United Nations’ experts concluded in an 85-page report to the Security Council that Tehran was illegally shipping fuel to Yemen to finance their war effort. A year earlier, a UN panel had criticised Iran for violating an arms embargo on Yemen by enabling Houthis obtain Iranian missiles“, and how was this proven? Well the missiles impacted, the images show that these weapons are Iranian in origin. In addition Yemen does not have the technology, the skills or the ability to make the drones or missiles, that constitutes evidence. Even as we cannot prove Hezbollah’s involvement here, Iranian involvement is clear, but the media will not give you that, will they? Why is that?

Now, I am not assigning blame left and right, yet we need to remember that the legitimate government of Yemen called for the help from the Saudi coalition, Saudi Arabia did not invade Yemen, they attacked the rebels who started a Yemeni civil war as per request of the legitimate Yemeni government, also a part the media remains silent on. In war there will always be blame on both sides, yet the entire Yemen issue is fuelled and funded by Ian and gets openly assisted by the terrorist organisation Hezbollah, a fact that many members of the media remain silent on. Now that things are escalating in the Middle East the media gets all touchy feely on how the US-Iran escalation goes, yet they still remain silent on the Iranian acts against Saudi Arabia, so how do you classify the media when it is seemingly actively discriminating others?

Yet in most media we see on how parties are being stated to be responsible for carnage, all that whilst the driving force in all this (Iran) is left out of consideration for the most of it. Why is that?

Even as we are all willing to accept Channel 4 airing an investigative documentary – Britain’s Hidden War – on the British role in the Saudi-led intervention and “the extent to which the war in Yemen is made in Britain“, the overall picture takes to a far too large an extent the involvement and activities by Iran and Hezbollah (Lebanon) out of consideration, we accept the story and the articles, yet the lack of balance as none of the other side gets the limelight is still an issue. It is not an attack on that investigative piece which was all above board, the lack of the other side is still to be noticed. And it does not end there. Even in Lebanon things as escalating. We are getting ‘Hezbollah Armed, Ready to Strike Israel, if Iran-US Tensions Grow‘ is speculative and unproven, yet the premise behind it: “The IDF estimates Hezbollah has hidden well over 100,000 rockets in these towns and villages in southern Lebanon. “All of them comfortably hidden behind Lebanese civilians, inside Lebanon.  All of them aimed at our civilians,” said IDF spokesman Lt. Col. Jonathan Conricus.” shows the same tactic that they (Hezbollah) employed in Yemen, that part is not out in the open is it? The problem we see in addition is that neither player has the funds of the infrastructure to have that much firepower, so the question becomes more than how is Iran fuelling it all? It becomes how do you get large shipments of weapons to destinations under watchful eyes? That part matters, as it impacts both the Yemeni and Hezbollah side of the matter and the media remains largely silent. Even the intelligence players remain silent on it as they cannot prove any of it, but the strikes on Saudi Arabia are evidence that it is happening and some are too afraid that it will open additional hot zones, an issue no one wants, yet the consideration is not given towards Saudi Arabia, who is under attack and that does not add up to any extent.

There is a large failing and the wider the newspaper net you look at, the more clarity is given on what I regard to be intentional miscommunication. Even as it all escalates towards US Senate blocking arms sales and it becomes vetoed by President Trump, the entire matter constitutes delays and I will optionally step in and sell them the hardware myself, we all need a hobby and my passions are linked to an 80 meter Yacht names Kore that is to be built at the CRN Shipyard at Via Enrico Mattei, Ancona Italy (we all need a passion that is slightly out of our reach).

To keep it, I will need the better part of $2 billion, so I will sell them the Chinese and Russian hardware if need be, it is after all their sovereign right to be armed and to be well defended, and that is besides the IP that is still up for grabs. Yup, they wanted commerce, now they can all have it at a price. If you want to fuel ethical boundaries and hide behind Humanitarian reasoning whilst leaving the Iranian and Hezbollah involvement completely out of the picture, than I can sell weapons and technology to anyone. The issue with discrimination is not merely the only part that it is wrong, it is that it opens up other venues as well, but then the media did not disclose that either.

When it becomes pointless we can decide to ignore it all and just fill our pockets to the largest degree, the media entitled us to do that. In the end there is a much larger failure and I feel that a humorous side is required and I found it in the shape of a new US candidate for the elections next year. I wonder if that is the person we need to rely on to make matters fair, although fair for who remains the open question, I accept that.

 

 

Leave a comment

Filed under Finance, Media, Military, Politics

London Bridge had fallen

This is not some event involving Mike Banning as the never failing US Secret Agent, it is also not a movie involving Gerard Butler in command of a Nuclear Submarine (Cool movie though). No this is reality!

In 2017, on June 3rd an attack took place, the inquest is still going on 2 years later. 3 people ramming pedestrians and after that ran into the public in the Borough Market area and decided to stab a whole lot more people. They were wearing fake explosives, carrying knives. That pretty much sums it up. In the end 8 died and 48 were wounded, the three ‘terrorists’ were killed in the process.

According to all sources these three were ‘inspired’ by ISIS.

I took notice of it initially, but it was not high on my radar, it got my attention again last week, but i was looking into the Strait of Hormuz issue. It kept at the back of my mind. So let’s start with last week: ‘MI5 admin errors meant attackers link ‘was missed’‘, it got to me as MI-5 does a whole lot of things, errors are actually quite rare and anyone stating that there should not be any errors is an idiot. Anything involving intelligence gathering is prone to issues. The right stage, the right interpretation, the right connections and the right actions. These are all matters that influence the stage. You can check this for yourself, go to any recruiter and apply for a job, what are the chances that he/she places you wrong or gives you less useful advice, considers you not to be the ‘right’ person for the job? That chance is rather high.

So when I see the BBC article (at https://www.bbc.com/news/uk-48626134) giving me: “Youssef Zaghba was stopped at Bologna airport in 2016 after telling staff he was going to Turkey to be a terrorist“, so in the clear setting of a first, a terrorist does not tell anyone he/she is one. The more verbose version is: “Asked why he was going to Turkey, he said to be “a terrorist” before quickly changing his answer to “tourist”, the court heard“, o now we get a person who is basically an idiot and customs has to deal with hundreds if not thousands on a daily basis. This part is already numb and done for. So at best we have a video game wannabe, at worst we have a person with mental health issues. At present neither two score high on the list, at most a police chat would have been warranted.

Regarding Zaghba we also see (at https://www.bbc.com/news/uk-40169985) In 2016, Zaghba was stopped at Bologna Guglielmo Marconi Airport by Italian officers who found ISIS-related materials on his mobile phone. So what materials were they? He apparently was placed on a watch list, which is shared with many countries including the UK, as such is he merely watched when he travelled or 24:7? There is a difference and one does not warrant the other.

Yet now there is a clarity of optional failure that is increased with: “Witness L, who is head of policy, strategy and capability for MI5’s international counter-terrorism branch, told the court MI6 did not translate the Italian request for two months – and then sent it to the wrong person in MI5“, not only is my question:

  1. How could this be send to the wrong person and why was there no return/response on wrongful send information?
  2. Then we get: ‘The optional escalation had 1 year to find corrections and optional change in surveillance. Why was this not done?
  3. How often is the shared list vetted and checked for additional information whether the watch list is still accurate and more important useful?

Three direct questions that now put MI-5 on the radar for a few failings. In addition we also need to enlarge the scope, if SIGINT is GCHQ, how was this optionally missed twice over?

There are also serious questions regarding the Lawyer of the 6 victims. When we see that he had: ‘previously told the court there had been missed opportunities to prevent the attack.‘ It is important to see this part. In another story we get: “Gareth Patterson, the lawyer representing several victims’ families, said there was evidence the attackers had been in contact since January 2017“, here I disagree to some degree, and with ““any reasonably competent investigation” had the chance to detect the planning that was going on between the three men” I disagree even further.

You see, when we look at the elements. The fake explosives means that it could have been made in any way, for the most stuff from a toy store might have sufficed, at most a stroll through B&Q or Wickes would have sufficed. Then there is the stage of interpreting the Zaghba part, a terrorist claiming to be one is not one. I would have been able to do all the needed parts without setting off any flags or alarms. The biggest risk I run is getting a lorry, they did not get one either for mere payment issues that one element also shows that they commenced a terrorist act, but were not terrorists (or almost the worst prepared one). The absence of planning, the absence of dotting the ‘i‘ and crossing the ‘t‘ is what sets them apart. Merely three men with water bottles, pretending that to be explosives, knives that one can buy at IKEA and when we learn that the Guardian (at https://www.theguardian.com/uk-news/2017/jun/10/worse-terror-attack-on-london-bridge-foiled-by-chance-police-say) that the van had “13 wine bottles containing flammable liquid with rags stuffed in them, essentially Molotov cocktails” that were either forgotten, or just ignored by these three, we see a wannabe terrorist who forgot that they had options to increase the death count by a lot. These are all elements that count, because MI-5 is there for serious threats and these three were seemingly ignoring all their options even during the event. Going back to the lorry, that one might be easy when I stalk the right bars and mickey the right person, with him tied up in the back of the van I could start my spree, no flag raised at all. In my case I would have been able to get the stuff that goes boom; I merely needed to change perspective on the how. All issues that would never raise a flag; that is what MI-5 has to deal with and they have the one additional benefit that they are on an island.

We agree that steps were missed on Zaghba, but none of this is still evident that it would have prevented the attack. The higher part is Khuram Shazad Butt, he has enough flags that warrant consideration, his presence is a real issue, yet how much flags did he raise before the attack? We seem to blame after the effect, yet in the UK we see more whingers and whiners on freedom and privacy than in most other places in the world, well, congratulations! If MI-5 had that data this might have been prevented, they did not. You wanted the Data Protection Act 2018, you got it, you wanted General Data Protection Regulation (GDPR) and it was handed to you, you also face additional dangers because of it, so stop crying!

Back to the attack! I see Rachid Redouane as the actual fuse here. An illegal immigrant, a failed asylum seeker and he remained under the radar, also implying he could get a lot of stuff done whilst not being noticed, not getting noticed and working as a pastry chef, so how did he get that job? He was the part that Butt needed, and as such MI-5 had optionally even less to work with.

You see, when we look after the event, we might see issues to blame MI-5 (optionally GCHQ) with, but there are a lot more markers making at least 1 out of the three a dud from the start. And in all this, no one seems to realise that a failed Asylum seeker was hopping back and forth between the UK and Ireland, there is a larger failing in all this, yet I am stating that MI-5 was not it.

Yesterday

The Guardian yesterday (at https://www.theguardian.com/uk-news/2019/jun/17/communication-issues-left-london-bridge-attack-casualties-without-first-aid) gives us the larger failing, but not in regards to the attack. When we see: ‘police waited for help that wasn’t coming‘ we feel anger and frustration, yet in which direction?

The first is seen with: “police and members of the public being left to treat victims of the London Bridge terror attacks and not knowing why paramedics were not coming to their aid“, as well as “when paramedics were told to evacuate the area, the officers in the courtyard were left treating the casualties on their own awaiting help that did not arrive” we get the first gist of it. You cannot send paramedics in a dangerous situation, we get it we understand it and we accept it. I believe that an alteration to the armed response unit is required. I believe that any armed response unit requires a trained medic to give first aid like in a metropolitan war zone. Yes, it would be great to send in the paramedics, but let’s be honest how would you feel when a police officer tells you: “Look, there are three terrorists over there somewhere, can you go into that place ad see if you can treat some of the wounded people?” I get it, plenty of them medics would, but it is optionally super reckless and highly irresponsible. The fact that the police was not properly warned on the spot could have been for several reasons, all unintentional. This is a situation that is not merely fluid, it involves a lot of people thinking on their feet, whilst running trying to scope the size of the issue in absence of reliable information. These are not mistakes made, they are to some extent coming from experience and actual successful attacks have been really rare, besides that at some point you cannot just call for boy scouts (SAS) at any point, time is a factor. So when I see: “Five people died in or around the courtyard, one of whom, Sebastian Belanger, 36, a French chef, could possibly have been saved if he had received swifter, higher-quality medical attention“, I accept the stage and I accept the premise, but the score on getting ‘higher-quality medical attention‘ is optionally not a realistic one, not in a location of armed conflict and so there we see the stage of time versus location versus available intelligence. We can jump high and low, but reality is a factor and I feel that the after the fact Monday morning quarterbacks are now feeding an inquest of what ‘might have been done’, and I accept I am in this view a Monday morning quarterback as well.

For the larger view we need to go to the actual inquest and I noticed something in day 20 (at https://londonbridgeinquests.independent.gov.uk/wp-content/uploads/2019/06/LBI-Day-20.pdf). The transcript gives us a side that was not part of the actual attack, yet it does involve Khuram Butt, it is actually a lot more important than you think for two reasons on opposite sides of the scale. The transcript gives us:

Witness M, you will appreciate that the investigation that you are here to help us with lasted for something in the region of two years, so I ’ ve got a fair amount to cover but I ’ ll try to be as concise as I can be.

You were asked questions by Mr Hough about the Transport for London employment and you told us that there came a time when you and your team learnt about this job that Khuram Butt obtained working at Westminster underground station.

A: That is correct , yes.

Q: So can I be clear : you learnt about this after he had begun working at that station ?

A: I cannot recall at what stage we learnt about him either seeking out employment or having that employment.

Q: Was that something that you – –

A: But we were aware of the fact that he was working at London Underground.

Q: So it wasn’t something that you learned at the application stage before the decision had been made as to whether they should give him the job?

A: I cannot answer that.

Q: Were arrangements in place at the time for the counter terrorism police to be notified by Transport for London of the names of people applying to be employed by Transport for London in vulnerable locations ?

A: I ’m not aware of any such arrangement. That’s not to say it doesn’t exist , but it ’ s not something I’m aware of .

Q: So to this day can Transport for London receive applications by people who might be terrorist suspects, the subject of ongoing investigations , and then a decision made to employ them without you or your partner agency being notified ?

A: So, again, I can’ t categorically say whether that process exists . That sounds to me that it’s something, if it did exist , would be more in the ”protect” side of our business.

It is important, and let us look at both sides of this equation. On the one hand if there was stronger vetting there was a chance that Khuram Butt might have been stronger on the radar, yet the attack would not have been prevented as the London Underground was not a stage and was not used to set the stage, more importantly there was a chance to set off alarms within Khuram Butt making him a lot more cautious, optionally resorting to a different style of attack. On the other hand, we see that this path would have given MI-5 up to 1500% more work, so a lot less resources to deal with optional more serious threats.

We see more in Day 20 (on page 4, paragraph 9, 10). Here we see the flags issue I raised earlier and the questioning party who is seemingly not all up to date on intelligence, more on finding a part to blame. When we see:

Q: In September 2016 the categorisation was downgraded to P2M, so the risk is now a medium risk, you told us?

A: That is correct. Yes, it was categorised down to a P2M.

Q: And when you dealt with this in your report at paragraph 5.9, you linked this decision to the fact that there had been no indications of actual steps to plan an attack.

A: That’s correct, that is in my report.

Q: But as you’ve accepted a number of times, from the very start, this is somebody who had, throughout, exhibited a degree of operational security.

A: We see that across the entire range of individuals we investigate.

Q: Yes. But an ordinary member of the public with nothing to hide is unlikely to be taking steps to avoid surveillance or to hide their activities; would you agree?

A: He’s not an ordinary member — he was not an ordinary member of the public; he was under investigation.

Q: But that of itself rings alarm bells, doesn’t it , if he is positively taking steps to disguise what his activities are?

A: It’s concerning, but it becomes more concerning when it is attached to other intelligence around other activity. And that will elevate the risk and elevate our posture and our response.

Q: After that decision to recategorise as medium risk, he then re-engaged, you told us, with ALM in the autumn of 2016.

A: So that – – that’s correct, that was the assessment at the time that he started to re-engage with other ALM individuals.

Q: He was also identified as having an inflammatory presence around other extremists, wasn’t he?

A: How do we know that?

Q: Well, you confirmed yesterday that you were aware of that and that’s information that reached you via MI5. We see it in the report of Witness L at paragraph 116.

A: Okay. So I can’t say with any certainty I was aware of that before that time, but just the mere presence — the mere fact that he was associating with other ALM individuals or becoming further engaged is of concern

I see this as an issue. The issue is not the interview, the issue is the available resources and the questioning party seems to live in la la land as there is the consideration that at any time all resources are available, that one clear failure makes the inquest a problem to some extent and that is merely looking at one day, merely Day 20. The focus on Khuram Butt being an ‘inflammatory presence‘, we could argue that this is a good thing, we could argue that pushing other extremists before they are ready is one clear sign to botch attacks (MI-5 will be pleased), the two parts in the transcript give rise to a larger failing, in part the inquest is set to a stage it does not comprehend, it does not facilitate a stage of comprehension where it concerns lone wolves and wannabe’s. In the second degree we see the push regarding re-engagement and the consideration of a medium risk person. Even as there is no valid intelligence giving us that direct action was called for (implied at least). So when I see ‘there had been no indications of actual steps to plan an attack‘, my less diplomatic view towards the barrister would be ‘move the fuck onwards barrister‘, if there is no indication of actual steps, there is no indication for acceleration of increasing profile surveillance, the resources are just not there.

It is the largest failing, not merely the fact that there is no SIGINT working on data that could have been worked on, the stretch on resources, what is available, its definition and the stage of recognising on how to use resources are in the wind and that failing matters, because that recognition is essential to stop attacks by an actual terrorist, a lone wolf or a wannabe, and as long as that part is not clearly in play, there will be more successful attacks and here I regard the premise of a successful attack any attack where more than 5 lives were lost.

We need to accept that choices have impact, we need to see that the attacks will continue and until we find a better way to register dangers this is how it will be and we need to see that the failing was larger, but there is no one to actually blame.

Consider blaming customs for allowing a failed asylum seeker (Rachid Redouane) going back and forth between the UK and Ireland, getting other places to live, is that landlord to blame? There are cogs that are not working for numerous reasons and when we realise that ‘the machine‘ is off its mark by a decent amount, we do not get to blame MI-5 (or GCHQ for that matter). When we consider that Youssef Zaghba might have made a claim and if GCHQ had a right at that point to capture all data regarding that person, there might have been a chance that together with the Khuram Butt data there was a decent chance that this could have been stopped (in theory), but that was not an option was it? Here the Data Protection Act 2018, as well as the application of the General Data Protection Regulation (GDPR) stopped GCHQ from getting essential results to report to MI-5, you wanted this so from my point of view you have to accept the dead people too. You cannot get it both ways, it is just not on.

There is, as I personally see it a larger failure in play, it is not MI-5, it is not GCHQ, it is not the police, it is us and the bullshit setting of privacy whilst we hand over all of our private lives to Facebook and mobile game data collectors, we are doing this too, we ourselves. We can optionally argue that there needs to be a better direct action armed response unit with a trained medic in these teams, but that is an optional investigation for another day, one that is far far away.

 

Leave a comment

Filed under Law, Media, Military, Politics

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.

 

1 Comment

Filed under Uncategorized

Too grim a reality

It is not a new concept, it is not even original. My first introduction to the concept of mass executions was in a Star Trek Episode of 1966, ‘The Conscience of the King‘, the story about Kodos “the Executioner”. The backstory was: “In 2246, an exotic fungus destroyed most of the colony’s food supply, and its inhabitants, of which there were eight thousand, faced starvation. Kodos, implementing his own theories of eugenics, selected four thousand of the colony’s residents to be put to death, so that the remaining four thousand might survive on the limited food supplies available“, so when we were introduced to Infinity War and Thanos, the scope changed but the premise did not. This is not an attack on Marvel in any way, the idea existed and that is not an issue. Yet the reality we face is actually a lot grimmer. It is a lot more dangerous, because in my view Thanos was an optimist. At this point we (due to political inaction), we might have to cull 97% of the human race.

Scary is it not?

To see this, we need to take a look at the guardian. The article (at https://www.theguardian.com/australia-news/2019/may/08/un-environment-report-how-australias-political-parties-plan-to-respond-to-the-crisis) gives us: ‘experts rate Australian political response to extinction crisis‘ and that is where the problem starts, politicians are there to cater to big business (for the most) and this is not in the interest of big business. Politicians have a long standing history of not doing the right thing and not putting their foot down, so inaction remains for now the best we can hope for.

So where is the problem?

The responses give a much larger issue that they have been ignoring. When we see: “review but keep existing environment laws; a $100m environment restoration fund to clean up coasts and waterways, protect threatened species and reduce waste; $189m over four years for the “direct action” climate solutions fund, in part for revegetation of degraded land” reads like an absolute joke.

For this we merely need to look at the Adani Carmichael mine. ABC reported: “The CSIRO and Geoscience Australia said the modelling used by Adani was “not suitable”, and also cast doubt over the company’s plans to protect important environments. “A number of limitations were also identified in the proposed monitoring and management approaches, indicating they are not sufficiently robust to monitor and minimise impacts to protected environments,” the agencies’ report said.” Even when we consider “Boost early warning monitoring systems between the mine and the nearby Doongmabulla Springs wetland“, as well as “Respond immediately to any unexpected groundwater impact“, when it happens it will be too late and the impact damage will have been done and finish it for generations. There is more; I wrote about it in January 2018, in the article ‘Vision or imagination‘ (at https://lawlordtobe.com/2018/01/13/vision-or-imagination/) I looked at the Guardian, as well as the Cairns Post where we see “During a recent patrol blitz during the Christmas-New Year period, GBRMPA and partner agencies detected 41 instances of people fishing in the wrong zones, including no-take areas“, unless we change the rules where ANY transgressor gets their boat impounded and auctioned off for repairs of the Great Barrier Reef, this degradation will continue. In a setting where there is coral bleaching to any degree in 93% of the reef is a stage where we need to act differently, or we impose draconian laws to protect the reef, or we cull 97% of the population, I will let you decide, yet remember, politicians are all about promises and discussion, but they lack the balls to act or enforce. It makes for a better case to reduce the population (and resolve affordable housing at the same time).

It is even worse than you think

For that we need to see the words of Melissa Price, the environment minister. Her idea of: “investing in the protection of our native species and their habitats. We are investing billions of dollars to deliver a cleaner environment“, I have no idea what drugs she is on, but I would love to sample them as they are truly psychedelic in nature. You merely need to look at the impact of Cyclone Debbie and “Adani has been fighting to hide details of what it told the Queensland Government about the risk of pollution to the Great Barrier Reef ahead of Cyclone Debbie in 2017” (at https://www.abc.net.au/news/2018-08-10/adani-spent-a-year-trying-to-hide-reef-spill-details/10090632). So when we see: ““Just give me a little detail and we can include and update [the temporary emissions licence],” a department staff member replied“, as well as “Adani admitted to breaching its licence, spilling polluted water into the Marine Park that was 800 per cent dirtier than was allowed” my case is pretty much made. With the apology if I sound too sexist, listening to Melissa Price and reflecting on ‘the protection of our native species and their habitats‘, I feel like I am reading a debate where a vibrator is defining the need of income for the service of any huhu where that owner shows it owns the vibrator it bought (a real graphic an none personal analogy).

So when I read in the article the response from Adani giving us: “We have elected to have the matter heard by a magistrate rather than pay a $12,000 fine, which should not have been issued in 2017 following Cyclone Debbie, and we look forward to resolution of the matter.

A $12,000 fine? Are you out of your fucking minds (I apologise; emotions got the better of me at this point)? In the end, we see that last month Adani paid the $13,055 (according to various sources) and the laughable failure of this shows just how massively the environment department failed Queensland, failed the Australian people and how it failed the environment. In light of such transgressions, in light of the utter failure what is laughingly referred to as: ‘The Environment Department‘ a clear case could be made to cull the population by 97%, CEO’s, CFO’s and politicians get to be at the front of that line.

Oh, and before you think this is me against Adani, you are wrong, Adani is merely one of the more visible examples from a list that includes hundreds of transgressors and the Australian Environment department is merely one of many that has been unable to protect the environment and truly pressure fines that start in the high millions and optionally demand and exercise a right of closure of plants who make these kinds of errors, yet that was not what this was about, merely a symptom of a much larger problem.

It is not much better on the other side of the isle. Even as we see what I regard to be labor party puppets giving us the blame game (like Tony Burke), we see “It is now clear we are on the pathway to a million extinctions, we are potentially facing the sixth mass extinction in the history of the planet [and] Australia remains the extinction capital of the world. This reinforces the need for Labor’s comprehensive policy agenda to fight extinction“, just like other Labor party sided members (like Jeremy Corbyn). We see part of this in “The Greens were “deeply concerned that Labor has taken a weaker climate policy in 2019 than what they proposed in 2016, which was weaker still than what they took to the 2013 election”“, it is not all a given, but the facts are there. Even as this is more a tug between Di Natale and Bill Shorten, the issue is that they are all weak on the environment, because there is too much debt, too little work and for the most politicians have a track record of letting big business walk all over them, so a billionaire family like Adani and several others do not consider Australian politicians to be any more of the loud windbags than the politicians in America and they made an equal disastrous mess of it all.

If we go by the Conversation (at http://theconversation.com/shorten-distances-himself-from-green-overtures-on-climate-policy-116360) we see: “The decision for Bill Shorten is whether he follows the take-it-or-leave-it approach of Kevin Rudd in 2009, or negotiates with the Greens, just like Julia Gillard did in 2011, to deliver a climate policy that gives future generations a chance“, yet what we should see is: “Whomever gets elected has only this term to act, or the final approaching certainty that there will not be any future generations will become a slow but certain given“.

They all talk some talk, not the talks and NONE are willing to start increase fines by no less than 15,000% as well as mandatory closing of no less than 15 months of whatever plant makes the transgressions. In addition, the entire response of ““Just give me a little detail and we can include and update [the temporary emissions licence],” a department staff member replied” need to be met with draconian changes to the employment of whomever made that ‘little’ short-sighted consideration. The time to be nice has been over for well over a generation and the political players need to openly acknowledge that, as well as underwrite whatever law changes are required.

Any response of ‘but Adani will walk away‘ should be regarded as null and void, in the end if there is money, they will come, we need to stop facilitating to large corporations and truly change the way we do business and change the way that they are allowed to do business. The failure is seen when we look at Apple (perhaps the clearest example), when we see: “Revenue was up nearly 13 percent hitting $9.1 billion, compared to $8 billion in 2017“, yet we also get: “With bigger revenue comes a bigger tax bill. Apple incurred a tax bill of $164.1 million for the year, comprised of $127 million in income tax, a $30 million tax adjustment related to prior years and another deferred tax income expense of $7.3 million“, this implies that Apple pays a mere 1%, how will you fund any program for any environment when large corporations vulture entire nations? And when we see the Australian Financial Review (at https://www.afr.com/news/politics/national/uber-in-labor-s-sights-in-multinational-tax-crackdown-20190505-p51k9n) with the smug response “the Tax Institute of Australia warned about extra regulation for multinationals, saying it could discourage companies from setting up operations here“, my clear (and slightly less diplomatic) response would be: “Oh, please let them fuck off! When they lose 20 million customers in Australia and an optional 68 million customers in the UK they will lose more and more, more market share and all the momentum they had!

Facilitating to big business is one of the main reasons we see a loss of environment and biodiversity in the first place. That evidence is shown to some degree by American documentary maker Sue Williams. She gives us (at https://www.abc.net.au/news/2016-09-09/environmental-impact-of-the-iphone/7825360) in 2016: “more than 50 million tonnes of e-waste will be generated this year alone“, with the added: “this ends up in China, India and Africa, the devices were then broken down in unsafe ways where toxic chemicals end up in the water and air.” It shows a much larger issue and even as Australia might not be the place of the largest transgressions, we see that Australia has failed its people and environment in the most total way possible at present.

I wonder if the people will ever vote for the parties that truly are out there trying to set up proper laws to protect the environment, when that happens we will see a rush of panic from anyone riding some sort of gravy train, I merely expect it will be too late at that point.

So, even as we wonder on Marvel and its success, we should also consider that Thanos was an optimist; removing 50% of the population will no longer get it done. When you realise that actual truth, will you ignore it or actually demand change before you have to sacrifice the life of one or more of your children? You might laugh at this as it is not realistic, and it might not be in this generation, but that setting is not a given for THEIR children, not merely because the population will surpass 8 billion within the year, but the fact that when their children are born our population will surpass 9.5 billion, it will be too late at that point. Oh, and when we all accept the compromise to put in place the Chinese one child policy on a global scale, what excuses will nations offer when that policy is breached? Humanitarian reasons perhaps?

Should you think that this is some new revelation, think again! Especially when you consider the dangers that the movie Koyaanisqatsi (life out of balance) showed in 1982, almost 37 years ago. The mere realisation of what the city of New York needed to feed its masses (overfeed its masses more accurately), and we see that the matter got worse, the inaction of politicians globally makes even less sense.

I merely wonder what excuse the politicians give, and who they blame when the collapse biodiversity is at our front door awaiting the label ‘extinct now‘. As we get reports upon reports and denials from its opposition, we need to take heed of the inaction on acts like overfishing and poaching, clear criminal acts that have little or no punishment, when truth comes to bare, remember that any elected politician after 1983 is directly responsible for the mess we see today. The entire push it forward is not to be regarded as a defence, or as an optional response. In my view there is no ‘I was not involved in that decision‘ it will be on their names and the names of their prodigy. If you doubt that, look into history on what the people did in anger to those called: ‘German Girls‘, Women from the Netherlands, France, Norway, Spain, Italy, Greece and a few other places; women who fell in love, had a flirt or for mere survival reasons got attached by a German soldier. They were according to records: “Women who married German soldiers and their children were stripped of their citizenship, interned and deported to Germany. Many of the offspring who remained were abused, attacked and confined to mental institutions because of their parentage. As well as the French part where about 20,000 women accused of sleeping with the enemy had their heads shaved; others were covered in tar, physically assaulted, stoned, spat upon and shunned. As many as 6,000 people considered collaborators, including many women, were killed“, when you read that part, will these people proclaim innocence, state some defence that ‘we’ are better than that now and demand safety for their children? I don’t think you comprehend the masses when it is enraged, these people will all be out of options, and let’s face it, when the big environmental disasters start hitting, the groups of soldiers and police and fire brigades will all be hit with other first casualties, and they will not be much of any protection for these exulted high earners. WW2 was perhaps the foulest example in history, yet it will be nothing when the biodiversity collapses under the pressure of pollution and too large a population, the political inaction will enrage billions on a global scale.

So even as we laugh at the silver screen and Thanos snapping its finger, we are getting to a place where we get to see the infrastructure and resources collapsing, and there will be someone pointing a finger at the politicians, at that point what will that person do? Will he (or she) become a version of 1966 Kodos the destroyer? Will he/she (too late) invoke draconian laws to undo the presented damage, whilst they know it was already too late?

I cannot tell, but I can tell that we are at the end of our ropes to instigate a solution, too many species have become extinct, we did allow our natural biodiversity be permanently affected to that degree.

I am however also aware that there is opposition to my view, one blogger gives a really good setting (at https://conservationbytes.com/2014/03/17/if-biodiversity-is-so-important-why-is-europe-not-languishing/), the blogger is  CJA Bradshaw and he gives another version, a less pessimistic version (in 2014 mind you), I do not agree, but I will not dismiss this view as it is well phrased, well written and gives good examples. He gives at this point a realistic view, yet at the end of this, we will be growing towards a population of 10 billion and there is a limit to what we can get from an acre of agrarian land, knowing that the planet is 30% land and the stage that the population that land supports went from 6.6 to 7.9 billion in a decade gives us a 19% growth in a stage where the growth of land is set to 0%, actually, that is wrong, some scientist claim (I use claim as I never delved into that data) that land capable of being ploughed and used to grow crops (arable land) decreased by almost 30% due to erosion and pollution, so not only are there more people, there is less place to grow their food, and that is actually really important. So as we create more land for crops, the ‘wild lands’ where the animals roam decreases more and more. To see additional dangers, we need to look towards places like Borneo lost in the time between 1985 and 2005 an average of 850,000 hectares of forest every year. If this trend continues, forest cover will drop to less than a third by 2020, so by next year Borneo and all the oxygen producing forests is merely a third of what it was, whilst the population grows and grows, is anyone worried about breathing yet? The same is happening in the Amazon region, the two largest oxygen producing areas gone to the largest degree. At what point will anyone realise that oxygen tends to be an essential need?

All unattended issues and we are actually running out of time, so who is willing in the end to snap their fingers Thanos style?

 

Leave a comment

Filed under Finance, Law, Media, Politics, Science

Remembering events

There is an issue in Palestine and Israel, I am not stating that Israel is innocent in events, but when I see the Guardian giving us (at https://www.theguardian.com/world/2019/apr/25/uk-cinemas-should-boycott-the-israeli-film-festival-seret) the headline ‘UK cinemas should boycott the Israeli film festival Seret‘, this was a letter and an opinion. I am not attacking the person, because everyone is entitled to an opinion. As such, I have no issue with: “We’re shocked and dismayed to see how many mainstream cinemas – among them Picturehouse and Everyman – are hosting this year’s Israeli film festival, Seret, whose funders and supporters include the Israeli government and a clutch of pro-Israel advocacy organisations“.

When we see that do these people remember the Sbarro event on August 9th 2001? You might think it was a long time ago, but it was merely the start of a lot of events by Palestinian terrorists. And the girl on the stretcher was wearing a white shirt, that is, until the explosion got to her, it is overwhelmingly red now. I don’t even know if she survived any of it. From my point of view, when you start bombing buses and civilian restaurants you have lost the plot and whatever case you try to bring, from that point onward the Palestinians were merely to be regarded as terrorists.

They even send rockets into Beer Sheva where it hit a kindergarten classroom (By Avi Ohayon GPO – https://www.flickr.com/photos/36313307@N06/3349461091/sizes/l/, CC BY-SA 2.0, https://commons.wikimedia.org/w/index.php?curid=6222905), yet in that case I will admit that there is absolutely no telling what they were actually aiming for, their material is unreliable at best.

So in all this, it is still an anti-Israel rally through an attack on culture. Now, I have stated that Israel is not entirely innocent, there are issues on both sides of the border but the only way to ever make any progress is not to ban cultural events, but to have more of them. So when we see “This UN report is the latest in 70 years of reports of mass expulsions, killings, house demolitions, detention without trial, torture, military occupation and military onslaught against the indigenous population, the Palestinians” we can clearly see that this is a pro-Palestinian article, leaving the Palestinian acts out of it. OK, I get that the writer is heavily pro-Palestinian and people are allowed to be that, freedom of expression and so on. We can also agree with part of the statement that gives us: “We cannot understand why cultural institutions continue to behave as if Israel is an ordinary democracy. It is not“, yet the part that is missing is that the State of Israel has been under non-stop terrorist attack since 1948; that part is ignored almost everywhere. Perhaps someone can explain to me how this will stop when Israel has been under unrelenting attack since it was founded? Now we can optionally disband the State of Israel, but only when Europe gives up 25% of Europe. Or did you forget that the extermination of 6 million Jews came with the disowning of millions of real estate locations? You see those 6 million owned some of the richest parts of Europe in Germany, France, the Netherlands, and a few more places. So if you can get those areas all to be re-annexed as original Jewish properties come back to talk, if not find another solution. By the way before you think of adding a number to that, it will depreciate Europe by well close to a trillion euros.

A choice was made in 1945 because of what lied ahead, it was perhaps the best solution for Europe and when we consider that the Jewish state was stolen from the Jews by the Italians between 1BC and the 5 centuries that followed, we see a larger issue. In that time part of Syria was also part of the 12 tribes of Israel, so in the end the discussion could go on for a lot longer than now. All elements that people tend to forget (because they ignore history). What should be remembered that any nation that has been under attack for three quarters of a century will at some point stop being polite, so perhaps lowering tension and embracing culture as an opening to commence a dialogue will be a lot more useful to set the steps towards an actual agreement based towards long lasting peace. And If I can see that with my lack of diplomacy and articulate cultural speech then all those artistic people, those directors, writers and others should know a lot better than putting their autograph under some short sighted narrow minded call to boycott any cultural event.

That is merely my limited view on the matter, yet I might be wrong too.

 

Leave a comment

Filed under Media, Military, movies, Politics, Religion

The pope’s mobile is on the clock

 

Hickory Dickory dock, the pope ran up the clock,

The clock struck one, and hit his bum, Hickory Dickory dock.

An old rhyme slightly adjusted and gives light to a joke that mattered, it is old and it goes like:

Q: Why does the pope kiss the ground when he arrives?
A: You’ve never flown with Alitalia have you?

That is where we are, the clock is counting down; Alitalia is on its last legs and merely has two weeks left. As sources report that EasyJet pulled out of the race and even as Delta is still on board, someone needs to be found for the remaining 40% and that is the hard ball, consider on how much of an issue Alitalia is when people like Warren Buffett and Bill Gates will not take a shine to it, it might be too harsh to call Alitalia a money pit, but that is what is amounts too. The flight market is close to saturated, even as we all needed to fly (quite literally) 20 years ago, the companies started to figure out not to give their profits to the airlines. On a global scale close to 9750 planes were in the air last year at any given time, transporting up to 1.3 million people. The operative part is ‘at any given time‘, so how much travel is required nowadays? In 1998 I was flying close to 21 weeks that year, giving trainings and doing consultancy round the clock, at times living from a suitcase with added support from my laptop giving IT trainings and software training. I circled the planet twice that year, from Amsterdam, New York, Atlanta, Sydney, Singapore, Istanbul, via Munich and back to Amsterdam. I thought it was great and as long as the profits were outshining the costs, my bosses kept on sending me to more locations, it was all fine by me. These days are over, even as we see more and more airports expanding to ‘facilitate’ for more passengers, we see a dangerous curve, Stockholm Arlanda is expanding to facilitate for 40 million visitors a year. The numbers give us that the top 25 carriers facilitated for 13,718,655 passengers and if they are all tourists, that would be fine, yet the business side is not adding up. You see 15 out of the 25 had a decrease the went up to 27.3%, the lowest 10 were below 4.5%, still they were all still decreases and the largest increase came from Riga, Latvia.

Now consider that on the other side, on the airline side, apart from the element where we see that Alitalia had no operating profit between 2009 and 2015 with added low points of well over minus a quarter of a billion, the setup of airlines seems to be too odd.

I do get it, a nations having a national airline is a matter of pride, we get it, but at what cost? The airline has about 100 planes as part of the mainline fleet and the cost of doing business is just too high, there is no decent chance that whomever owns the airline might do so, so that they can say that they own an airline, it seems the weirdest of reasons, but from the financial view that is as much as we are going to get and the bad news is not done at this point.

You see, the work I used to do can be done remotely more and more, when 5G is totally here, we can see the shift where the classes can be given remotely with a phantom screen and with the presentations running in the background, the speed will enable us to give individual service to all the participants in up to three locations at the same time, almost like remotely run classroom software with camera’s in all locations. At that point we will see even less traffic required implying that the business classes on these flights will be close to a thing of the past.

The more immediate and difficult part is that none of this is the fault of Alitalia. Yes, we can look at the scandals and the past sting operations, yet the foundation is not that, it is the need of people to travel. In that light the traveller will be the one using their local airline (like many would), some will select airlines for their service and there we see groups of people seeking flights by Singapore Airlines, Cathay Pacific Airways and Emirates. So these airlines are also poaching local travellers as they have shown and proven themselves to be a cut above the others. When it comes to business and tourist Italy, we see decline of both and falling harder, yet Italy is still the destination to several countries, namely Germany, France, UK and US as the largest four. These four add up to 23%; the rest is from all over. So, what makes me the specialist? I am not; I am merely using common sense. 100 planes, in an age where their power is tourism and we are going into the summer season, but that setting is a stage that represents merely 18 weeks out of 52, the numbers and the economy do not support the fleet, or so it seems.

when we consider that Rome Leonardo da Vinci-Fiumicino supported 42,995,119 passengers last year, there is a decent case that I am seeing it wrong, but that is from all airlines, beside Alitalia, we see Air India, Emirates, Turkish Airlines, United, Etihad Airways, Thai Airways, Asiana Airlines, Qatar Airways, Cathay Pacific, Air China, Lufthansa, Ethiopian Airlines, Finnair, British Airways, SWISS, EL AL Israel Airlines, Air France, Saudia, Ukraine International, Jet Airways, Air Canada, Egypt Air, KLM, Kuwait Airways, Brussels Airlines, Aeroflot, Korean Air, China Airlines, Singapore Airlines, China Southern, Iran Air, all flying to Rome, now we see a different picture, even as the airport needs the space and growth, we see no decent numbers on how the Alitalia flights are doing, some sources were giving me ‘No Data‘ and that is fair enough, but it makes a much stronger case that unless there is someone with deep pockets that Alitalia is on its last legs and in its final stage of a mere two week notice until it shuts down. Planes would be auctioned off and the lot to be repackaged for other management styles. And I do believe that the end is not in sight, Alitalia is not the only one in such a sordid state of affairs. I believe that the business case of airlines should have changed a long time ago, and it will get worse soon enough, as the oil price goes up, so do the prices of flights. You see the one element we seem to ignore is not the drop in non-tourist passengers. It is the fact that one barrel of crude oil only facilitates for up to 4 gallons of jet fuel, the turnaround is that high, 42 gallons can only make 4 gallons of jet fuel, after that it boils down to gasoline, diesel and other items, so when the barrel goes up in price, the impact is seen quite fast. Consider that a flight from Rome to New York takes 9 hours and 40 minutes (or 2,088,000 seconds), now consider that a 747 needs 1 gallon a second, so if the oil goes up by $1, the maximum cost of a flight would go up by 2 million times the price increase and we can only get 4 gallons bet crude oil barrel making it an optional increase of $500K per flight (which is not completely true as diesel and gasoline would need to bear part of those costs too, but with only 4 gallons to the barrel, jet fuel would take the hardest hit).

That part counts too and as such tourist numbers would go down to some degree, especially from America. These are all still mere elements in the hardship calculations, but the elements are starting to add up, more optional other choices, more localised incentives and less options for Alitalia, that is the sad reality for Alitalia. As far as I was able to see, the press (the non-Italian press) did not take a look at these elements. Even as the BBC did look at one element “At the time the Irish airline was struggling to contain the fallout from a pilot shortage, which led to the cancellation of flights for about 700,000 passengers“, the abundance of competition, as well as the dangers of fuel changes were not looked at. Yet there are other sources, Bloomberg (at https://www.bloomberg.com/news/articles/2019-03-18/easyjet-drops-from-alitalia-bidding-in-setback-to-government) gave us a month ago that Delta is “exploring ways to work with Ferrovie dello Stato and maintain our partnership with Alitalia in the future“, yet I am not convince that they are in it with their heart and soul. Merely a stage where their accountants can optionally see plans for the Alitalia infrastructure and options to give Delta a streamline boost and let Delta grow in other ways accepting Alitalia to some degree for some time, yet how that ‘for some time‘ develops will remain an unknown. Part of it is seen with “Delta would take a 10 percent stake, which would double within four years if certain business goals are met“, yet these business goals are not really heralded by any party. In that regard Lufthansa was open and clear by stating that Alitalia needs to shed 40% of the workforce and that is where the cost of the Delta business goals are likely to be seen as well and that 40% will remain part of the problem. The Italian government would had to euthanise 40% of the workforce in a time when it could not afford to do so and that is the issue to the larger extent. If that knife is thrust hard and deep Alitalia might be around on April 30th, yet at present that is not a given, the pressured parties are not willing to get to that point until the 11th hour and at that point it might just be too late, because in the end the airline is not the only player, the airports will try to make sure that their part of the equation remains safe and there are plenty of airlines offering to ferry people to these locations making the equation unbalanced and unrealistic for the bookkeepers of Alitalia, a sad story for an airline that only recently made it to its 10th year.

 

Leave a comment

Filed under Finance, Media, Politics, Science