Tag Archives: Japan

August 19, 2023 · 23:50

It started with television

To get the entire mess I will start with a television episode.

The line was “Not that I don’t appreciate the sentiment behind your nightmare scenario” it was linking a conversation between President Bartlett and Dr. Takahashi. The episode was ‘A good Day’ season 6 episode 17. Yes, this part is fiction and some of the mentioned elements were too, but not all and that is the striking part. This episode aired in March 2005. You think that would be the end of it, but you would be wrong. Lets take a look at reality.

The Financial Times gave us ‘Saudi Arabia cuts holdings of US Treasuries to 6-year low’ on august 17th (at https://www.ft.com/content/2925952d-1e20-4748-8fa4-05b3605fc46a). There we are given “Saudi Arabia sold down its holdings of US Treasuries in June to the lowest in more than six years, as the kingdom directs more funds to foreign equity and domestic investments. The kingdom held $108.1bn of Treasury securities in June, down $3.2bn from May and below the $119.7bn it held at the end of last year, according to data from the US Treasury department.” This is merely part one, the second part is seen with ‘China likely to cut more US debt holdings’ (at https://www.chinadaily.com.cn/a/202308/16/WS64dce79ba31035260b81c880.html) this is not the end, this is merely the beginning of what was described in the West Wing as the nightmare scenario. You would think that the EU and Japan would come to the aid of the US, but you would be wrong. Mario Draghi overspend trillions in the past and now the EU credit card is stretched to the max. Japan had in March 2023, a Japanese public debt is estimated to be approximately 9.2 trillion US Dollars, or 263% of GDP. Japan has no place to go and that is the beginning of systems collapsing. The US is in its endgame towards becoming an economic third world nation. 

Yet there is more tom come. We also get (at https://finance.yahoo.com/news/death-entire-financial-monetary-social-180841464.html) ‘‘It’s The Death Of The Entire Financial, Monetary And Social System’: This Market Expert Warns The U.S. Dollar Is Quickly Losing Its Reserve Status.’ I do not know Jing Pan and I do not know whether she is correct, but she gives us one part that struck a nerve. She gives us “In March, the collapse of Silicon Valley Bank grabbed major headlines. After the bank sold its Treasury bond portfolio, it incurred a substantial loss, causing depositors to question its liquidity and leading to a bank run. Amid this market upheaval, Silvergate Bank, First Republic Bank and Signature Bank failed as well. “This banking crisis is not over,” she said. “Maybe they’ve been able to paper over it, and so everybody is calm, and you have consumer confidence going up and all of this other kind of garbage. But it’s built on a house of lies.”” It struck a nerve because I got there through different means. You see when the SVB issues was playing out, we suddenly get a news article with Janet Yellen who is keeping tabs on the situation. Janet Yellen, United States Secretary of the Treasury. Not some governor from California, not someone from the banking industry. No, it was El Jefe from the treasury herself. It was overkill. I had issues and I wrote about them earlier (not sure when). I wondered why the SVB was in that setting and why Yellen personally took notice. I wondered who was holding the US bonds. Because banks had some of the bonds, but no one had a list of how much and no one had a clue (or remained silent) on how much the SVB was holding. 

As such I had an issue, things weren’t adding up. And now the two largest finders of the planet are shedding the US debt. As I see it the US has painted themselves in a corner and things will go ugly soon enough.

This is where the next article comes in. The article (at https://tickernews.co/u-s-credit-card-debt-levels-just-surpassed-1-trillion/), which is not the only source gives us ‘U.S. credit card debt levels just surpassed $1-trillion’, as such 300 million people have a collective debt of over on thousand billion. This amounts to the degree that every American has a debt well over $3,000. So how will this unfold when the dollar drops? Now, I am generalising but the larger stage is now set. Bonds are going nowhere and in 2022 long-dated U.S. notes lost 39.2% in value. So how safe are those bonds now? We know about the inflation and that it is rising, but CNN reports that ‘US banks sitting on unrealised losses of $620 billion’. This came to us in March, as such the SVB issues are rising, are they not? So where are those bonds? Who is reaping the losses on that one and the nightmare scenario that a television series gave to us in 2005 is about to become a very real issue in 2023 and 2024. 

We might have thought 20 years ago that bonds were the safest place to be, but only 20 years later and this is no longer a reality and moreover the allies of the USA are shedding them, or cashing in to reduce the damage from them. This leaves America in a very vulnerable position. As I personally see it, they painted themselves in a corner and the windows on the two adjacent walls are soon out of reach to anyone in that corner. To add to this, the paint is red and massively toxic (as I see it), so no release unless someone can find a little over 20 trillion to help the US, the usual suspects are out of cash and I reckon Russia will not offer help either. Consumers have a total accumulated debt that surpasses a trillion and the bad news keeps on stacking up. All because politicians were playing the ‘screw it’ card. Now that the ledgers are up for grabs the US is sitting in the worst spot it has been in in well over a century and corporate and business America is looking for any way out of the US at present. 

When you see that image and you add the failures of Microsoft a different image comes to mind and it is not a pretty one. So why Microsoft? Because it is part of the Dow Jones Index. It might only be for 4.9% but when that goes south the DJI will see a much larger problem. You see it is not merely Microsoft, it becomes an issue for Goldman Sachs as well and when the dollar collapses. What do you think that places like UnitedHealth Group, Johnson & Johnson, VISA, American Express and Walmart will be left with? When over 150 million will have no money left the consumers pushing the aforementioned companies up will also fade pushing rates and results down. All things that could have been seen will over 2-3 years ago. And there is no blaming the Russian-Ukrainian war, this would have happened no matter what. Optionally it happened sooner, but not much sooner. 

Even if ‘A good day’ was the start, the settings have been in place for years. I believe the media merely looked the other way, because the other view was sexy and optionally offered more digital dollars, another funny money business. 

So am I wrong?
That is the question. I could be and relating articles like I am is to some degree folly, but it was all I had at the time. And if there is an economic person (I am not one) giving us a clear answer why I am wrong, I would accept that, but there are too many issues in the field and there are too many issues out in the open. I wonder if anyone could counter them all. But I will keep my eyes open to see if someone goes that way.

Anyway, have a great day and I am about to start the final day of the weekend.

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July 25, 2023 · 15:39

Say What?

Yes, at times we get that. I have had my issues with the media for the longest time, but today was the wrong day to rub me the wrong way. It all started a few hours ago when the BBC decided to make ‘Obamas’ chef Tafari Campbell dies in paddle-boarding accident’ news (at https://www.bbc.co.uk/news/world-us-canada-66297450). I have no idea who he was and I mean no disrespect to Tafari Campbell. I think it is cool to get a job for one of the coolest presidents in America’s history, but lets be clear, the man was a cook. The starting text “Tafari Campbell, 45, worked in the White House before staying on with the Obama family after Mr Obama left office in 2016.” Is pretty much it, the rest should not matter to anyone. To give you a rundown of some of the things that the BBC did not tell you

Saudi Arabia (Front Sport Office)
There we see the news (at https://frontofficesports.com/saudi-arabia-reportedly-offers-1-1-billion-for-kylian-mbappe/) that a football player namely Kylian Mbappe got an amazing lucrative option, a one year deal for $1.1 billion dollars. I honestly have no idea why the man is worth that much, but basically, he’ll make in one year enough to retire from life in luxury. Now, I found a few more articles on this event, just not the BBC. I would never pay that much for anyone, even if I had the money, but that is not something I would have to justify anyway. And as news goes, it is new, sports is news to a whole range of people all over the world. And there is more!

Iran (CNN)
Here we get a human interest story. The story (at https://www.cnn.com/style/article/iran-film-festival-canceled-scli-intl/index.html) gives us ‘Iran bans film festival over poster of actress without hijab’, an action that is not entirely unexpected. One could argue that the people of that festival wanted the festival cancelled by default. We get a picture (picture was nice), and the story comes with the added text ““The minister of culture and Islamic guidance has personally issued an order to ban the 13th edition of the ISFA Film Festival, after using a photo of a woman without a hijab on its poster in violation of the law,” ministry spokesperson Mohammad Mehdi Samoui said in a statement, according to IRNA.” It is hard to ‘reflect’ on laws, especially on laws as they are in existence in Islamic nations, but there was a bright light for Iran, the BBC skated around it and gave the limelight to a dead chef.

Unite Arab Emirates (Khaleej Times)
A new stage and a clear news stage. The article (at https://www.khaleejtimes.com/lifestyle/health/uae-new-case-of-mers-virus-confirmed-in-al-ain-says-who) gives us ‘UAE: New case of Mers virus confirmed in Al Ain, says WHO’, news if there ever was one. Mers (aka Middle East respiratory syndrome) is rare but serious. It is apparently spread through close contact with camels, camel products, or an infected person. It is one of those illnesses that go from animal to person and the WHO (World Health Organisation) has now confirmed a total of “All 108 identified contacts were monitored for 14 days from the last date of exposure to the patient”, in a population it does not seem much, but it is a serious issue and on a population of 9.5 million it is not much, but the disease is rare, as such the issue becomes foreground and limelight news. Interesting the BBC did not have this either, but the death of a chef, yes they did have that one.

At times I wonder who decides on the pressures of what makes the news, more important, what non-News makes that cut. Three stories that outrank a paddle boarding accident (by a lot). For something like the The Virginian-Pilot it is news. It was a person from Virginia and he did serve in the White House, no one denies that. Other local newspapers might follow suit on that. Why on earth the BBC did, I have no idea. Not in an age where events have the world stage. To underline this, the sports section gives us all kinds of news, but there is no coverage of the world championships in Japan? How does that compute? The top 25 articles over the last 24 hours and Swimming does not make that cut? Who runs that degenerative toko? (toko is slang for shop)
You see, another source gives us “28-strong British team look to make their mark just one year out from the 2024 Olympic Games in Paris”, a team of 28 swimmers and the BBC cannot find the time to give its viewers and readers one story n this? What is wrong with them?

Overall there is a debatable side to more and more news agents, not merely on what the report, but also on things they let pass by. I want you to take a look for yourself and wonder why certain news events never make it to the BBC or several other news agents in the west. 

Enjoy the day! 

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July 18, 2023 · 00:33

A partial view

We are at times given a partial view. We aren’t always aware, which is no ones fault, except the media. In this I saw things not add up when the BBC gave us ‘Xbox v PlayStation: The battle for control’ (at https://www.bbc.co.uk/news/newsbeat-65669480) where several things stood out. Before we begin, I am massively for Sony with a side order of Nintendo. Be aware, but Sony is not without faults. So lets begin. 

“Sony’s getting ready to announce the PlayStation 2 (PS2) – the powerful update to its game-changing PlayStation. Rivals Sega and Nintendo, who’ve struggled to fend off the new competitor, watch nervously.” This is not entirely correct. Sony played hardball, some ‘traders’ basically gave the shops the message. If you were showing a dreamcast, you would not be allowed to get the PS2. This scared a whole range of shops and Sony gained the upper hand. This was essential for Sony because SEGA had launched Soul Caliber on Dreamcast, which is until this day one of the most perfect games EVER created. It was so close to the arcade game that people went out of their way to get game and system. I know of the ‘persuasion techniques’ as I was a witness to them in Rotterdam (Netherlands). OK, we can accept that the BBC might never have been aware. 

In 2012 the battle was almost even, the Xbox 360 was phenomenal, no one denies that (and those who do are actual idiots). I had my Xbox360 next to the PS3 and I loved both systems. The 360 had a few release titles that made it a massive contender for Sony. Then the ground fell away with some Microsoft person stating that the next one (Xbox One) was always online, there would be no 2nd hand gaming and those who wanted to play offline could remain with the Xbox 360. The BBC article gives us “The 22-second clip, now widely seen as a legendary slap down, shows PlayStation CEO Shuhei Yoshida simply handing Sony exec Adam Boyes a copy of Killzone Shadow Fall.” Yet that was not it. For that we need to take a sidestep to an article named ‘No Press, No Facebook!’ Which I wrote on August 12th 2014 (at lawlordtobe.com/2014/08/12/no-press-no-facebook/) there I wrote “It is 7.1 that is the big issue, by agreeing to this (if you do not you lose your PSN account and online abilities) you confirm that you will not resell your games or buy second hand games. This was the big killer for Microsoft in the beginning in addition to the fact that this issue hits 80 million consumers. How is this not in EVERY newspaper? Perhaps their bosses where in the act of ‘hustle for advertisement coin’ (whoring seems like such a harsh word here).” The presentation by Sony was clever but they were on the same horse as Microsoft was. I gave the screenshots and evidence to several stations but they all ignored it, most probably too busy playing Geisha for Japanese industrials. Because Microsoft had the first presentation and they scuttled themselves Sony did a 180 before the presentation and as certain trade agreements never went through (Trans-Pacific Partnership) as such things went well for Sony. 

These elements were all missing. As such Microsoft lost more and more.

Then there was the storage issue. Sony set the rules on what was passible, Microsoft did not. As such for a mere $100 more you could double your storage by changing the hard drive, and for gamers that was a big deal. Microsoft did not allow for that and it went from bad to worse. There was hardware, but it was clumsy and expensive. Sony had the stronger setting here and these upgrades were possible from the PS3, as such Microsoft could have redesigned their Xbox One, but they were greedy and they left that part out in the open. As such the Sony was winning well over 2:1 and with the Nintendo Switch matters went from bad to worse. Microsoft kept on claiming that it was the strongest hardware of all and within a year they were surpassed by the weakest of all (Nintendo Switch). By that time the Xbox Series X had nothing to offer for gamers and they were in third position, what we are not shown that the Switch sold 125 million, the PS4 sold 117 million (in less than 10 years) and PS5 sold 38 million. Microsoft sold 22 million over 2 systems (series S and series X). They are in third position but lagging by a massive amount. And now for something that the BBC does not have. I am adding gaming IP to Amazon Luna and Tencent Technologies for free (to make Microsoft hurt more). You see there is a downside to owning Blizzard and Activision. You need to sell a lot to make up to that $69 billion and making it more appealing to create for the other two systems (Sony and Nintendo have a good arsenal and they do not need help) as such these streamers will have additional options and it slows down Microsoft more and more (but that is for another day and I wrote about that before). 

The article also gives us the deceptive “Meanwhile, the PlayStation 5 continues to dominate the next-gen console scene. But, two and a half years since launch, it still lacks the depth of truly exclusive games that have been seen as system-sellers for previous generations.” Which is utter BS. The PS5 has it range of exclusives and it has been breaking records God of War, Horizons, Ratchet and Clank, Spiderman, all previously released and the new versions broke records and made gamers gasp at the view of what was being released. Microsoft isn’t out of the race yet, but it needs to throw billions at this equation and that is still part of the discussion. Microsoft has a large advantage too. Game Pass is drawing in gamers, there is no denying it, yet after the $69 billion blood bank there will be consequences. Overly hyped games like Starfield need to deliver, if not the exodus from Microsoft will become stronger and the nice part of a $69 billion courtesan without gamers is a trophy no one looks at. There is of course more to the purchase, but it will show Microsoft in a state of defeat yet again and if I get my way it will end up behind Amazon and Tencent technologies too.

The final statement is the funniest one “But after a well-received showcase and Starfield, its biggest release of 2023, still to come, Xbox isn’t out of the game yet.” You see, after Redfall (its demise and joke) the pressure is not entirely validly on Starfield, in addition Bethesda games are implied to be a Microsoft exclusive, but without the millions of Sony fans they will not be making the numbers, the trust towards Microsoft is gone and people are shying away from Diablo 4, merely because Microsoft could endanger gaming fun, as such there is a lot more to fear, but those selling the $69 billion deal will be aware of that, not? 

In the mean time, the article was short several parts and not all pro Sony. Still there is also no battle for control, Microsoft lost by a fair bit, lagging in several ways and it will get worse, because the moment they get their deal and system errors prop up things will go south fast (and not in a good way). You see that is the part Microsoft never considered, games will look for EVERY fault they can find and hit Microsoft over the head with it and they have pissed off way too many gamers. They never considered a gaming population with an actively hostile setting. They forgot what it took to make the Xbox360 a real contender, something they threw away with pretty much one presentation and that matters, because it will show the lack of control too.

Enjoy the new week.

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July 8, 2023 · 19:05

The pot saw the black kettle

Yup, we all see that at times. We see the good, the bad and the opposite. And as such the media is all about giving us a partial story. Still this is not always on them, I get that. So when I saw Reuters giving us ‘Yellen criticises China’s ‘punitive’ actions against US companies, urges market reforms’ (at https://www.reuters.com/world/yellen-urges-china-adopt-market-reforms-insists-us-not-decoupling-2023-07-07/) my very first thought was “Is she for real?” 

Thi is a setting that started years ago with the US riling up support AGAINST Huawei. We saw the dozen countries all going against Huawei. The larger station is not that they went up against Huawei, the bigger part is that NONE OF THEM ever gave us ANY evidence that Huawei was a security risk. This is not me being pro Huawei or being pro China. This is me being pro evidence and we were never given any evidence. One case (that was settled) in 2010 is all we got and all the stories were laced with ‘could/‘ and ‘might be’. Cisco was the same danger but no one spoke out, not even when Cisco had its set of security issues. These things happen. Yet the US is still operating its set of systems. There is GARLICK, LADYLOVE, MOONPENNY, JACKKNIFE, TIMBERLINE, STELLAR, IRONSAND and that list goes on for a while. Yet China is the big evil and no evidence is clearly presented. 

So now we get “U.S. Treasury Secretary Janet Yellen called on Friday for market reforms in China and criticised its recent tough actions against U.S. companies and mineral export controls, while China’s premier called on her to “meet China halfway” and put bilateral relations back on track.” I t3end to say, either stop the anti-Huawei stages or present actual and FACTUAL evidence that Huawei is a national security issue. There is close to nothing else. And as for the ‘mineral export controls’, well there might be a reason China needs them, there is also the case that stopping Huawei without evidence comes at a price and it seems that the mineral export is part of that price. So whilst the world is seeking for gallium and germanium (the second one is not found in Germany) the US needs to realise that their stance as a bully comes at a price and now that these prices are set in the open, the US doesn’t get to say “meet China halfway”. It intentionally destroyed the Huawei 5G wave because Americans were too stupid to take the lead in 5G technology and counter what was out there. Even I have 5G IP that the US (and others) do not have. All because the fat cats were lazy in an age when China became a true innovator. As such, as we are told “a technology war with the United States and potentially causing more disruption to global supply chains” the setting is not incorrect but not complete. You see these two substances are decently rare and China has the largest load. The US cannot claim the amounts from Japan or the UK (Or France, or the EU) as such they are in a bind and this is what comes with the bully tactic we have seen these last 5 years. Gallum is a different story. I have no precise numbers, but China is not the largest exporter, it apparently is Brazil with the US in second place. But I reckon that the two together will set a larger station and yes it comes from China. So as we consider “Yellen met with Premier Li Qiang on Friday during a visit to Beijing aimed at repairing fractious U.S.-Chinese economic relations, but made clear in her public remarks that Washington and its Western allies will continue to hit back at what she called China’s “unfair economic practices.”” As unfair economic practices go, 11 years ago we were given “A 2012 White House-ordered security review found no evidence that Huawei spied for China and said instead that security vulnerabilities on its products posed a greater threat to its users. The details of the leaked review came a week after a US House Intelligence Committee report which warned against letting Huawei supply critical telecommunications infrastructure in the United States.” I reckon that with leaked their own stables are in order? In addition to that, the stage is escalating and now we see that as shortages of Gallum and Germanium imply that there is a danger to US National security, with their stockpiles having no reserves left. As such I have a two set mind. Janet Yellen as the champion for bullies should not talk about “market reforms”. On the other hand, I am not claiming that China is innocent. I want to see evidence that they are not and so far going back at least 5 years, the US and the EU NEVER presented this. This is the station we face and as I personally see it Janet Yellen is the new US version of Don Quichotte and China is the next windmill. And as I see it, the stage that STC and Saudi Arabia is embarking on, the shortage that the US faces in Germanium and Gallum implies that the lag that the US faces will close to exponentially increase during late 2024. This is a setting that was to some unexpected, but the Reuters article gives us a list of people and they are all monitoring the supply. This implies to me that the setting is not as good as some make it out to be and it sets a different stage for the UK and France. As the US shortages increase it will stage a takeover of these suppliers by the US a lot stronger and faster than anyone had foreseen. This is (as I personally reckon)  a station of close to exponential danger to these nations. It might be the reason why Janet Yellen was send and not some one form the US State department. Did no one consider that question? Why was Janet Yellen send? It is pure speculation on my side, but I reckon that Premier Li Qiang is having a great time. It might be the first time he is talking from a position of great strength, but I could be wrong here.

What a weird weekend this is, enjoy yours.

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June 19, 2023 · 01:23

Simple clarity

That should happen, but not always. If the spectator is to be believed, clarity is not on anyones mind. So lets take a look. The article (at https://www.spectator.co.uk/article/how-saudi-arabia-bought-the-world/) gives us ‘How Saudi Arabia bought the world’, which is in part not false, but this is how the Americans wanted it. It was all about values and commodities and the more the better, that is until they went broke. Now it is all about human values, an option they never considered when they handed the reigns to Wall Street. Now America according to sources “The Treasury Department paid a record $213 billion in interest payments on the national debt in the last quarter of 2022, up $63 billion from the same period a year earlier.” $213 billion a quarter, implying that they are now paying $855 billion a year, that is the price of uncontrolled debt. I gave warning over the last several years, yet everyone was calling me crazy, stupid and a whole range of names. Well now the opposite is coming true. Others are now in charge. First Anthony Blinken (aka Blinky Tony) went to Saudi Arabia, now he is trying to convince China on miscommunications. A good trick if he pulls it off, especially after all the anti-China rhetoric. But this is about the Spectator, who gave us the cool image below.

There we see “Sarah Leah Whitson, of Democracy for the Arab World Now, the organisation founded by Khashoggi, told me the deal makes no sense in purely economic terms. ‘It’s really important to know how much of a premium the Saudis have paid,’ she says. ‘This is a political move.’ In fact, the FT estimates the Saudis will pump $3 billion into their new purchase. That translates into astonishing rewards for individual players. Some already on the Saudi payroll are reportedly getting $200 million a year.” It actually makes sense. You see people love sports and Saudi Arabia has seen what the eyes on Dubai can achieve and now there is a start to set the eyes on Riyadh. Sports are a first. The Jetset sports like F1 and Golf are a start and more is coming. The people want their games, their sports and if you try to count on the amount of video’s on YouTube and TikTok that are about Dubai and the Dubai Mall, the number goes into the millions and they nearly all have counts that are in the triple digits or close to that. That is visibility. With the projects that are coming over the next 5-7 years these numbers are adding up. Saudi Arabia, like China have been playing the long game and now they are the winning side of visibility. It all adds up further when the KSA launches their English version of Al Jazeera, then the numbers start racking up fast. That realisation was why I tried to sell my IP to Saudi Arabia and Kingdom Holding. It is now an IP that is approaching $35 billion in value. There was a reason that I never wanted Microsoft near it, they only screw things up and the value merely goes down. I would if all goes well end up with 5% of that, more than the accumulated wealth of all my ancestors combined. Yet, this is about Saudi Arabia and it matters, you see next we get “Greg Norman, the former champion who runs LIV, has already ‘moved forward’. Asked last year about Khashoggi’s murder, the body dismembered with a bonesaw, he said: ‘Look, we’ve all made mistakes…’” this is why America is losing all options. What evidence is there? The bone-saw bit and all the other bits. The media was in a frenzy pushing speculations, but in the end there is no evidence, there is no evidence of ANY direct involvement by Crown Prince Mohammed bin Salman Al Saud. That UN essay (aka the joke of the century) was no help either, if nothing else, it merely showed how useless the UN has become. If there was evidence fine.  Yet there was none and when you consider that part. Is it any surprise that Saudi Arabia has had enough of America and the west? 

Then we get “All of this has emboldened MBS, who has been steadily creeping back into international favour since Khashoggi’s murder.” Is it because there was no murder? Was it because there was no evidence? Was it because internationally the people in charge are figuring out that siding with America is starting to be a rather large loss? In this America did this to themselves, they invented “Money talks, bullshit walks” and business America embraced that expression as gospel, the problem is that when you are broke, when you rush from debt ceiling to debt ceiling you have nothing left and when the bulk of your budget goes to the interest, you have little less to buy. It is a simple equation, and an abacus can give you that result it will not be a pretty result, but a result none the less.

Then we get to hedge funds, real estate (London) and several other places. These people go to Saudi Arabia, because Saudi Arabia is one of the few places that has the money. If the ROI (Return on Investment) is good, they are likely to take the offer. It used to be America, but you know where they are at and Japan is almost there too. Consider the wealthiest nation in Europe (Monaco) How many projects did Monaco fund in Europe? Look at that list and see where their money is going, when you figure it out you will see why Saudi Arabia is seemingly buying the world. The world is a commodity and no one else is able or willing to buy it. So hard times are ahead (especially for America and Japan) and we are all falling in the middle. It is why I selected Saudi Arabia, Kingdom Holdings and Tencent Technologies for my IP. I go where the money is and the few players that had the money in the west decided to leave billions on the floor. I don’t have that kind of time for them to wise up and consider what they were missing. It is their choice t rely on wannabe executives, it is their loss. To be honest I never expected my IP to get that high this soon, but the inclusion setting I wrote about a week ago (0.0144%) made it a lot more valuable. And that is not even close to the end. All the settings that came secondary will now have primary impact on others too, merely icing on a yummy cake. Yet in the overall setting where we see the Spectator and the other media copying and paraphrasing that part there is a nasty underside. When the Chinese-Saudi link gets firm, when silk road evolves into a next stage and when the governmental coffers in Europe and the US dry up, what will you be left with? Because that is the moment that pensions fall to zero and that, in a greying population is the nightmare scenario that is now a mere 5-10 years away. I tried to send the warnings, but everyone was so sure that this would never happen. So how many debt ceiling raises will go through next? When sports fall away, as such when advertisers go elsewhere (Google is already setting up that side road in Saudi Arabia this year) when marketing options fall flat and result is the only currency that is allowed. How many corporations will remain? How many jobs will remain? Soon it will be about skills that are bankable, billable hours and it will go to every layer of business. And that is the sad part, we enabled that road all by ourselves. There was never any other outcome there. 

So cheer up, it is about to be Monday, your favourite day of the week is now a week away. 

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June 4, 2023 · 22:24

Within a day

I wrote a few things regarding BRICS in the last two days and now (at https://www.al-monitor.com/originals/2023/06/iran-saudi-arabia-uae-attend-brics-meeting-south-africa-bloc-mulls-expansion#ixzz83fKlbzuL) we see ‘Iran, Saudi Arabia, UAE attend BRICS meeting in South Africa, as bloc mulls expansion’, so I admit that I didn’t see Iran to become part of that, but the UAE is a nice addition, it also changes the game. Not sure if Iran should be part of it, but that might appeal to both the KSA and the UAE. So when we see ““The world has faltered in cooperation. Developed countries have never met their commitments to the developing world and are trying to shift all responsibility to the global South,”Pandor said. Upon his departure from Tehran, Amir-Abdollahian hailed BRICS as a body that represents half of the global population and called his visit an example of Iran’s “active presence at international bodies” and a step in Iran’s “balanced” foreign policy.” We might see one thing, think another and wonder what is real. I wonder what Iran is doing there. Are they on invitation to settle Russia, or is Iran there to appease the Middle East? I have no idea, but I would consider that there are other more qualified nations than Iran, Indonesia for one. So is it about the powerpoint of oil? Your guess is as good as mine, but the idea that UAE would be coming is now a reality. The BBC did not mention that. As such are the sources of AL-Monitor better, or had the west filtered out Iran? I honestly do not know, but the photo from June 2nd implies that the BBC filtered out certain names. As such I was not aware of UAE Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan and I only aw this article a few hours ago. Yet there too we see the stage of BRICS. If the western media cannot tell us the truth, when they rely on censorship and editing to give us adjusted filtered information, who are we telling other nations what to do? We see the attacks on China, Russia and the Middle East and yes, I do not disagree, but when we do the same, is this not the media station of the pot calling the kettle black? 

So when we get “In a pre-recorded interview broadcast on state TV after his departure, Amir-Abdollahian said that a key topic on his agenda in Cape Town would be “de-dollarization” in trade with BRICS member states.” What can we object to? The US is broke, it is merely sailing from debt ceiling raise to another debt ceiling raise. It has no exit strategy and did not have any for well over a decade as it caters to political ego and the rest of the world is awaiting actual action. Well, that setting will kind of explode in our faces as China will do what is best for China and the western world does not count there. It is harsh, but we let our politicians make it that way. So what is next? That depends on how BRICS will go about it. It is dependent on how they decide to hurt or restrict the moves by the US, and no matter how that slides it will hurt Japan in massive ways (which will please China). But beyond that there is no telling what will happen. I still think it was a mistake for them to add Russia in its current shape, but that is not up to me. I reckon that the country to can keep tabs on beats the one they cannot and it is a wisdom that is beyond me, BRICS is giving Russia a stronger voice which in current settings is not good, but that is me talking. 

My mind flies over the setting of “de-dollarisation” and how it will take form. But at present I have no idea, I will need to seek out as much information as I can. 

Enjoy the last day of the weekend, Monday is coming.

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May 3, 2023 · 09:23

The empty wall

That happens, the writings is not always on the wall and now with the writers strike in the US, that wall may be empty for some days. Before I go into the now, lets consider what happened 15 years ago when the writers had their fill of exploitation. They went on strike for 100 days and the cost to the California economy was a thumping 2 billion dollars. That setting just now after covid would buckle many players all at one, making the US economy take a turn down in a stage it cannot afford it. There are other elements as well, but they do not matter at present. I was thrown by stories last week about writers that were living on US support. The people that are the foundation for billions in profit are not given a fair shake. How is that for greed and exploitation. They are not asking for the moon, they merely want a fair shake, a decent income. And I cannot see why not. I write stories, I created the foundation of movies and TV series. As such I identify with their needs. Not because of the income or the work I am in. I write for fun and to keep my skills honed. Yet the power of creation is strong and I can identify and side with anyone who made that their life’s ambition. 

As such when the BBC (at https://www.bbc.co.uk/news/entertainment-arts-65447046) gave me ‘Hollywood strike: Late night comedy shows to go dark as writers’ walkout begins’ I took notice. It wasn’t merely “A Writers Guild of America (WGA) strike, the first in 15 years, saw more than 11,000 writers – 98% of voting members – walk out from midnight. Tuesday’s late-night shows are expected to shut down first, while forthcoming shows and films could face delays.” This wasn’t merely a majority rules setting. 98 percent agreed, that is more than strong. It shows that the greed driven parties have taken things too far. I know it is not that simple, but that is the feeling it gives us. In. Place like the US where most people cannot agree one way or the other, 98% agreed and that number needs to sink in with many of us. We see the late night show references, but the larger stage is that this is not about one employer, one show or one movie. This is about the bulk of all and that matters, especially when a person like me throws the terms ‘greed’ and ‘exploitation’ into the mix, because that is how I feel about it. When I see stories about creators of successful series being on government support, something does not add up and these two term come to mind. 

And there is a larger stage with “This time around, writers are clashing with the Alliance of Motion Picture and Television Producers (AMPTP) – which represents the major studios, including Amazon, Disney, Netflix and Paramount – in demand of higher pay and a greater share of the profits from the modern streaming boom” the BBC gives us part, but I believe that there is more. You see when we see ‘a greater share of the profits’ we think it is the writing, but what we forget that streaming profit streams in ‘ad infinitum’ and even if that were true, that is not what the writers get, nowhere near what the writers get. To give a simplistic version, if that setting was completely true. A person like Dorothy Catherine Fontana could (due to her involvement in Star Trek The Next Generation) buy David Hasselhoff out of his $51 million mansion and take it for herself. Even if she got a mere $0.05 per episode, Star Trek TNG has been running in syndication since it aired in 1987 and it is still running at full speed on Netflix, even today. Not all series get there and not all do that well, but there is a time gap, there is a larger stage. Consider that a radio station has to register every record they play, because the composer gets a royalty fee, this has been going on for decades. So why is there no setting for streaming? Now, I am over simplifying this and I am setting a slightly inaccurate example but the premise stays the writers want a fair shake and when we see that industry make billions, why not? The stage is that streaming is a new media that is not completely understood. Some see it as a temporary stage, some see it as the next iteration in media and there is a reason that studios are jumping on that train, it is where the consumers are and during that jump some thought it was a sweet deal in a few ways, yet the people creating those series are largely forgotten, that is how the Writers Guild of America (WGA) and its members feel about it and when you have to make ends meet that feeling of happiness sour in seconds and that is what I believe we see now. 

And when we see “Key issues in the talks have been how writers get paid for shows which often remain on streaming platforms for years, as well as the future impact of artificial intelligence on writing.” And here again we see two different settings. You see AI does not exist, whatever comes from these solutions isn’t created from the mind, it comes from data, data that these writers contributed. See it as an IT solution to cloning the writers mind, based on data the IT solution never created in the first place. So how long until they are made obsolete? And when I see “The AMPTP said it had offered a “comprehensive package proposal” including higher pay for writers.

But it was unwilling to improve that offer further “because of the magnitude of other proposals still on the table that the Guild continues to insist upon.”” I do not see a solution or a proposal, I see a stalling tactic, a way to keep more and hand out less to a people who created the success in the first place. In this Jimmy Fallon (the comedian) gives us “Arriving at the Met Gala, Fallon said he hoped the strike would not go ahead, but at the same time wanted to see “a fair deal” agreed for writers. “I need my writers real bad, I got no show without my writers”” which I think is the true part and with ‘a fair deal’ he hits the WGA nail on the head, I wonder how long it will take the AMPTP to take a serious stand and not true to negotiate part by part and with a ‘win’ on every segment. You see,100 days is enough for some streamers to find whatever they can in Canada, the United Kingdom and Australia, not to overlook Korea, Japan and India. All players that will have time and with 100 perhaps even longer to find players to go for THEIR solutions. They have been in the dark a lot longer and they are hungry for desperate streamers. How much damage will that bring. I reckon it will be more than the $2,000,000,000 the industry had the last time and when that happens, who will win? I feel certain that at that point the AMPTP will not feel like a winner. You see, a player like Netflix relies on its 230 million subscribers, especially outside of the US, their subscribers will look for other solutions when Netflix does not deliver. All this whilst the WGA and its members merely seek a fair deal? This could end up being a mopping exercise whilst the tap remains running. A lot of energy going nowhere and the spectators can clearly see that tap running. The empty wall is not merely the lack of creativity, it will be the result by not decently rewarding creativity. But it is early days, it is merely week 1 of the setting, the writers are adamant. How strong is the AMPTP deal? I honestly do not know because I have not seen any of these documents, but writers that take hunger over food whilst being underpaid is not a good setting, greed never wins over desperation, history taught us that lesson the hard way a few times over.

Enjoy this marvellous day past Sunday.

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April 18, 2023 · 19:45

The choice of options

Part of this started yesterday when I saw a message pass by. I ignored it because it seemed trivial, yet today ( a few hours ago) I took notice of ‘Google rushes to develop AI search engine after Samsung considers ditching it for Bing’ from ZDNet (at https://www.zdnet.com/article/google-rushes-to-develop-ai-search-engine-after-samsung-considers-ditching-it-for-bing/) and ‘Alphabet shares fall on report Samsung may switch search to Bing’ (at https://www.aljazeera.com/economy/2023/4/17/alphabet-shares-fall-on-report-samsung-may-switch-search-to-bing). In part I do not care, actually this situation is a lot better for Google than they think it is. You see, Samsung, a party I disliked for 33 years, after being massively wronged by them. Decided to make the fake AI jump. It is fake as AI does not exist and when the people learn this the hard way, it will work out nicely for Huawei and Google. There is nothing like a dose of reality being served like a bucket of ice water to stop consumers looking at your product. I do not care, I refuse any Samsung device in my apartment. I also dislike Bing, it is a Microsoft product and two years ago I got Bing forced down my throat again and again through hijack scripts, it took some time blocking them. So I dislike both. I have no real opinion of ChatGPT. As we see the AI reference. Let’s take you to the Conversation (at https://theconversation.com/not-everything-we-call-ai-is-actually-artificial-intelligence-heres-what-you-need-to-know-196732) I have said it before and they have a decent explanation. They write “AI is broadly defined in two categories: artificial narrow intelligence (ANI) and artificial general intelligence (AGI). To date, AGI does not exist.” You see, I only look at AGI, the rest is some narrow niche for specific purpose. We are also given “Most of what we know as AI today has narrow intelligence – where a particular system addresses a particular problem. Unlike human intelligence, such narrow AI intelligence is effective only in the area in which it has been trained: fraud detection, facial recognition or social recommendations, for example” and there is an issue with this. People do not understand the narrow scope, they want to apply it almost everywhere and that is where people get into trouble, the data connected does not support the activity and adding this to a mobile means that it collects massive amounts of data, or it becomes less and less reliable, an issue I expect to see soon after it makes it into a Samsung phone. 

For AI to really work “it needs high-quality, unbiased data, and lots of it. Researchers building neural networks use the large data sets that have come about as society has digitised.” You see, the amount of data is merely a first issue, the fact that it is unbiassed data is a lot harder and when we see sales people cut corners, they will take any shortcut making the data no longer unbiassed and that is where it all falls apart.

So whilst the ‘speculators’ (read: losers) make Google lose value, the funny part is that when the Samsung connection falls down Google stands to up their customer base by a lot. Thousands of Samsung customers feeling as betrayed as I was in 1990 and they will seek another vendor which would make Huawei equally happy. 

ZDNet gives us “The threat of Bing taking Google’s spot on Samsung phones caused “panic” at Google, according to messages reviewed by The New York Times. Google’s contract with Samsung brings in an approximate $3 billion annual revenue. The company still has a chance to maintain its presence in Samsung phones, but it needs to move fast” I see two issues here, the first is that the NY Times is less and less of a dependable source, they have played too many games and as ‘their’ source’ might not be reliable, as such is the quote also less reliable. The second source is me (basically) they weren’t interested in my 5 billion revenue, as such why would they care about losing 3 billion more? For the most, there is an upside, when it falls down (an I personally believe it will) Samsung could be brought back on board but now it will cost them 5-6 billion. As such Samsung would have to be successful without Google Search for 3 years and it will cascade into a collapse setting, after that they will beg just to return to the Alphabet fold, which would also make this Microsoft’s 6th failure. My day is looking better already.

Am I so anti-Whatever?
No not really. When it is ready and when the systems are there AI will change the game and AGI is the only real AI to consider. As I stated before deeper machine learning is awesome and it has massive value, but the narrow setting needs to be respected and when you push it into something like Bing, it will go wrong and when it does it will not be noticed initially until it is much too late. And all this is beside the setting that some people will link the wrong parts and Samsung will end up putting its IP in ChatGPT and someone will ask a specific question that was never flagged and the IP will pour straight into public domain. That is the real danger for Samsung and in all this ChatGPT is free of blame and when certain things are found the entire setting needs to be uploaded into a new account. When we consider that a script with 65,000 lines will have up to 650 issues (or features, or bugs), how many will cause a cascade effect or information no one wanted, least of all the hardware owner? Oh, and that is when the writers were really good. Normally the numbers of acceptability are between 1300-2600, as such how many issues will rise and how long until too many patches will make the system unyielding? All questions that come to mind with an ANI system, because it is data driven and when we consider that the unbiassed data isn’t? What then? And that is before we align cultural issues. Korea, India, Japan and China are merely 4 of them and seeing that things never aligned in merely 4 nations, how many versions of data will be created to avoid collapse? As such I personally think that Google is not in panic mode. Perhaps Bard made them road-wise, perhaps not. 

I think 2024 will be a great Google year with or without Samsung and when Microsoft achieves disappointing yet another company its goose will be royally cooked on both sides of the goose no less. We have choices, we have options and we can mix them, but to let some fake AI make those choices for us is not anything at all, but feel free to learn that lesson the hard way.

I never liked Samsung for personal reasons, and I have been really happy with my android phone. I have had an Android phone for 13 years now and never regretted having one. I hope it stays that way.

Enjoy the day and don’t trust an AI to tell you the weather, that is what your eyesight can do better in the present and the foreseeable future.

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April 8, 2023 · 00:07

It has holes

There are a number of issues with banks, the latest one is the one I left alone initially. It was the Credit Suisse – UBS issue. 

The initial issue are the holes, like a Swiss cheese, it has holes. In the cheese it is accepted as it is part of the process. But with banks? How many holes can we allow for? Now, the ice is thin here. I am not an economist and I am no banking person, So what do I know? Well, I know infrastructures going back to my Intelligence days, I have seen companies getting gobbled up and in some cases for all the wrong reasons, you see those parts were on paper pleasing, but the reality of it was that reality bites and that is when you feel like a Japanese guy gobbling up a live fish. That is seemingly OK, until the fish eaten is a piranha and it starts eating you from the inside out.

So lets get back to the first article (at https://www.bbc.com/news/business-65177258) where we see ‘Credit Suisse investors angrily confront bank as chairman says sorry’. There we see Ulrich Korner in some stage of apathy. He reminded me of a Dutch political comic in one of their newspapers (a long time ago) where we see “When we get to item 4, it would be best if at least one of the board members start crying”. It felt like a farce, a joke for the stockholders who are about to lose a lot more than they bargained for. The text the BBC gives us is “The loss-making bank had already been struggling for a number of years after a series of scandals, compliance problems and bad financial bets. Mr Lehmann told investors at the Annual General Meeting that management had a plan to turn things around but had been “thwarted” by fears prompted by the collapse of Silicon Valley Bank in the US.” I personally feel like this is misdirection. I personally believe that the US bond issues are stretched on several fronts and as I wrote in previous articles, how did Credit Suisse stock up on the Basel III front? What was the safety gap? It is my personally belief that there was close to none (or at least a lot too little), and now Credit Suisse will be removed and their banks will hoist the UBS logo soon enough, especially with the scandals and bad bets that were made. 

Yet that same day, the Irish times (at https://www.irishtimes.com/business/financial-services/2023/04/05/ubs-chair-says-credit-suisse-integration-will-take-up-to-four-years/) shows us ‘UBS chair says Credit Suisse integration will take up to four years’ that is for banking in these volatile times a massive risk to take and it is not taken lightly, as such I believe that people like Janet Yellen would have been on the phone with a few people. When the American bonds go, the US economy will go and I reckon they will take the Japanese and EU economy into the abyss with them. It is a personal view and I have nothing to prove it with, but the weak response from the media implies that these sources got told to play it cool or face consequences. It is a speculation, but when we take the view I had in the past on Shareholders and stake holders, I belief that I am decently correct and it is a personal view after all.

The Irish Times also gives us “Even with downside protection in the form of government support, there’s a “huge amount of risk in integrating these businesses,” Mr Kelleher, who is from Cork, said in prepared remarks for the bank’s annual general meeting on Wednesday.” The setting is that UBS is getting the bank for three billion Swiss francs. One source tells us “How much a company is worth is typically represented by its market capitalisation, or the current stock price multiplied by the number of shares outstanding. Credit Suisse Group net worth as of April 06, 2023 is $2.76B.” When we see other sources we get “Total assets CHF 531 billion and Total equity CHF 45 billion” this was last year and they have a little over 50,000 staff. I reckon that the bosses there are working on their resume and I would suggest the word ‘scandal’ is written correctly, because involvement in sandal does not go over well in the financial sector. And when you see these numbers, it is all sold for 3 billion? And we see no serious questions from any media. 

So what is left of the assets? What are the bond numbers and total value per nation of bonds acquired. There is no insight of that. Just like the meltdown of 2008 no one is to blame and the US is fixing the carper so that it can hide more dirty laundry. So how long until the people realise that their economy is largely based on an empty egg shell? 

The Irish Times also gives us “Shareholders will receive one UBS share for every 22.48 Credit Suisse shares held” this implies a mere 4.44% of value return for the shareholders, yes their value goes up butt this level of saturation is an issue and I reckon that more banks will follow at some point. Banks will become bad investment for the tax write off and the shareholders will lose out. Don’t get me wrong, I have no real sympathy for them, this is the outcome of shares and stocks. Sometimes you lose. But we need to look back to 2012. In the Netherlands we saw ‘SNS Reaal mulls bad bank for property operations’ (source: Reuters), it was their too big to fail operation and the people were not happy, it was a setting of real estate that was just beyond believe and now we get a similar setting but now it is not real estate, it is banks that are the bad investments and how many of them are holding bonds? The fact that the media never properly investigated this implies that I am a lot closer to the truth than even I am happy about. 

And the last part is giving us ““I understand that not all stakeholders of UBS and Credit Suisse are pleased with this approach,” Mr Kelleher said. “However, all parties, and in particular the Swiss authorities, considered this solution the best of all available options.” – Bloomberg” yes that sounds good, but I have a list (and that is just the Credit Suisse naughty list).

US tax fraud conspiracy, 2014, 2023
Malaysia Development Berhad scandal, 2015
Mozambique secret loans scandal, 2017
US Foreign Corrupt Practices Act violation, 2018
Climate controversy, 2018
Espionage scandal, 2019 (debatable issue)
Greensill Capital, 2021
Archegos Capital, 2021
Forex manipulations conviction, 2021
Drug money laundering scandal, 2022
Suisse secrets leak, 2022 (debatable issue, I still believe it was an NSA activity)
Russian oligarch loans documents destruction after invasion of Ukraine, 2022
Social media rumours, 2022 (debatable)

So 10 issues and 3 debatable issues, but the debatable issues do leave a mess at the front door of Credit Suisse. In all this Credit Suisse is walking around without clean hands, and the hands must always be clean. So does that warrant a CHF 550 billion downgrade? I honestly d not know and there is debate on some of these sources. I get that there will be differences in sources, but this much? This does not make sense, but it makes a lot more sense when we consider where the priority of Janet Yellen is and it is not the bank, it is the USA. Taking her away from the issues and letting it all be phrased by Bloomberg is not acceptable, not in the least. As Baby Herman states “This all smells like yesterday’s diapers”

As I personally see it, this bank issue has holes like we see in Swiss Cheese. 

Have a great day!

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February 16, 2023 · 20:47

Profit in the upright position

Yup, that is as good as it gets. You see, we have heard all the airlines whine about losses and loss of revenue, all whilst they added over 41,000 daily flights over the last 15 years. So whilst we see the stupid people (the Guardian journalists) have a go at people with a private jet, they are merely losing the plot by actually looking into airlines. So it was an interesting sight to see ‘Air Arabia delivers record 2022 net profit of $327 mln, up 70 pct’ (at https://ara.tv/y756m). This led me to the thought what if all those airlines are working with the wrong business model? Alarabiya News gives us “Air Arabia, the first and largest low-cost carrier (LCC) operator in the Middle East and North Africa, announced historic financial results for the full year ending December 31, 2022, almost doubling the profit and passengers’ numbers of the previous year, as the airline continued with its growth plans, delivering remarkable financial and operational performance”, when I see ‘low-cost carrier (LCC)’ on that side and we get “the Japanese domestic operator was Y3.4 billion ($25.8 million) in the black for the nine months to 31 December 2022”, I do understand that this is domestic, but at a mere 7% of what Air Arabia is doing. Now, don’t get me wrong. I do get that I am (to some extent) comparing apples to oranges, but I bet you dollars for donuts that some of these airlines need a business overhaul. As I see it, the 90’s model of just adding flights does doesn’t do it. And the environment is getting hurt in the process which the Guardian wasn’t properly reporting on, but that is my personal view. 

So what can be done? What must be done? We see very little but the numbers are out in force and I wonder who is looking at the options there. Perhaps it is all ‘saved’ by accountant abracadabra, who can tell and that is the problem, no one is actually looking into it and now I have questions. Perhaps my questions aren’t entirely up to the mark and there are factors that matter, but that still warrants my view of their business plan overhaul. So to speak, when the accountants tell them to put their profits in the upright position someone better listen, because as I see it Air Arabia is showing them how (at present) it could be done. As I see it, they have 327 million identifiers that they are on the right flight trajectory. Even more so when we see that their profits are reported to be 70% up, that is not some trivial matter. That is something airlines need to take a closer look at and If I am the first one to mention it, you get to wonder why others are asleep at the wheel, because as I personally see it, that is what it amounts to.

 

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