Tag Archives: Jeff Bezos

The three day delay

Yes, it is not new, I had my go on this a few times, yet due to what we see now, after three days, it is time to renew this event. It started basically in 2014, the Yemen war became something serious and the west had no idea how to react. They reacted poorly and to make matters worse, events driven by Iran was kept out of the news. The people got a one sided story. Over time weapons sales went stale, were blocked and the defence of the Kingdom of Saudi Arabia was a setting of debate by people who had no clue what was going on, because the ego trippers needed their Iran peace accord through a nuclear deal, something that even now is still not done. Matters became worse when the west decided to spin the events around Jamal Khashoggi in October 2018. So even as the press al invoked “By 16 November 2018, the Central Intelligence Agency (CIA) had concluded that Mohammed bin Salman ordered Khashoggi’s assassination.” In this that the CIA stated that is was highly likely that this had happened, but no evidence was EVER brought to light. No evidence that could survive the rigours of academic investigations. The essay by the United Nations did not help any, that is for certain. Then we get the hack of Jeff Bezos, a disgracefully inadequate report by FTI Consulting. It is important to take notice of the Verge (at https://www.theverge.com/2020/1/23/21078828/report-saudi-arabia-hack-jeff-bezos-phone-fti-consulting) that also gives us “Facebook’s former chief security officer Alex Stamos, for example, said that there was “no smoking gun” in the report. Some researchers said that FTI should have been able to analyze the encrypted file that the crown prince sent Bezos which reportedly hacked his phone. And one said he didn’t see evidence in the report to suggest that Bezos’ phone was hacked.” I believe that Jeff got hacked, but there is no clear evidence WHO did the job, but there were some wannabe reporters that were really happy to blame the Crown Prince of Saudi Arabia. Even though several newspapers earlier that week showed that certain hacks allowed people to pretend they were someone else, and that too is missing from the FTI report. 

So we have all these negativity, projected on the Crown Prince of Saudi Arabia and now the US wants a favour? You have got to be shitting me!

So we get back to the article where we see “Why should America’s regional allies help Washington contain Russia in Europe when Washington is strengthening Russia and Iran in the Middle East?” And this is the larger folly, a stage where the wrong people cater to Iran, all whilst they require other stuff too, but you cannot get it both ways and now that China is stepping in gobbling up billions upon billions in sales and services, we see the US in a stage of denial. They now need cheap oil, all whilst the two largest suppliers are set to the mind that premium prices will do just as well. And I warned for these situations for years, but everyone was in denial. It would never come to that and now that it is coming to that, the US, the EU and others are in denial on what is required. So at present the oil prices are on the rise, just for how long is impossible to say, yet we also acknowledge that reserves are being used to stop the rise. Just how long until that stops? What do you think will happen when the reserves are gone, because most nations do not have that much in reserve. They can avoid the winter this year, but that will drain the reserves and even as they can build up some of those reserves during summer, winter 2022 will show to be the year that people will need to choose, be warm, avoid hunger and pay rent/mortgage and there is every consideration that many households will only be able to do one of the three, two if they are lucky. 

That is the direct impact of catering to the populist view, the price of adjusting one view for another, one deciding on what was likely, not what could be proven, ignoring what was proven (Iran attacks) and catering to something that is still not a reality (Iranian nuclear agreement) and Iran has clearly been catered to and now the kingdom of Saudi Arabia and the UAE are telling you all that enough is enough. You want oil at a premium, you got it and at a premium means that within the next 12-15 weeks oil prices might get back to the $130 marker, at that point, how much will it cost you to get groceries, to get to work, to get home and to refuel? All that whilst these two nations are now looking at China to deliver defence systems. Slap upon slap upon slap and now 19 hours ago we were given ‘Iran Says U.S. Is Responsible for Stalled Talks on Reviving Nuclear Deal’, another fiasco and the involved political players are all in hiding as not to get painted with that fiasco. So when you wonder what happened to the oil prices, it is simple. Your government royally screwed up and gave you the bill for their failure. 

So good luck with that.

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Stop Stupid Spending

In light of my previous article (at https://lawlordtobe.wordpress.com/2022/03/29/a-dangerous-ploy/) ‘A dangerous ploy’, we now see the BBC giving us ‘Can the super-rich solve America’s budget problem?’ (at https://www.bbc.com/news/business-60904900) the simple short direct answer is ‘No, they cannot!’ You see, it is the American administrations who clearly overspend. When you create a $1,900,000,000,000, all whilst it represents double the amount you collect through taxation, you are the losing member of a losing party. And all the clever calculator games you play will not help you. It is a sliding scale from the decline of a decent amount of wealth deep into the debt and depth of bankruptcy is all you have to look forward to ad there is no going back from this path, the US is too deep in debt already. When it was clearly visible that the overhaul of tax laws was the only real path for over two decades, the superrich will not help them overcome anything, not even their own stupidity. So when we see “The proposal aims to capture more of the wealth created by the soaring stock market of the last few years. It targets the roughly 20,000 taxpayers in the US worth more than $100m (£76m). Investor Warren Buffett, Tesla boss Elon Musk and Amazon founder Jeff Bezos would be among those affected.” Yes you can try that approach, but in light of the money you are spending, money you do not have, it will amount to nothing. The first thing that they face is to reduce their annual budget to no more than $730,000,000,000 that is the the first thing that needs to happen, reduce it by well over 50%, that is the impact they need to face. And then those additional taxations will need to be used for 100% to reducing debt. Even then they will come up short for close to 12-15 years. Should any millionaire and billionaires have remained in the US, they could have a chance, but only if US spending goes down by well over 50% until well over 2037. That is the reality of the plight they face. So when you consider the harsh reality of “Mr Biden’s budget also calls for raising the income tax rate on households earning over $400,000 from 37% to 39.6% and increasing the tax on companies to 28%, partially reversing cuts made under the Trump administration.” It merely works if the overspending of budgets is stopped, if not this is a waste of effort and when the Americans run away from their land to try and keep what they have, we will see that zero tax havens will suddenly get an investors infuse of 200%, all whilst all this was clearly out in the open from 1999 onwards. So whilst you all consider “For the 2022 financial year, the annual deficit is projected at more than $1.2tn. Overall debt passed $30tn last month.” All whilst this administration wants to spend an additional $700,000,000,000, you see the first reality out there and it is not taxing the rich, it is controlling stupid politicians spending money they never had in the first place and it goes back to the age of Clinton, it has been going on for that long and now we see some knee jerk action that has no impact, not until the US budgets are under control. But go on, spend billions on some joke (aka USS Zumwalt class) for the amount of $4,400,000,000. And whilst we think it is cheap, consider 

That it was delivered in 2016 and from then on it faced a trial of break downs and repairs, it required redeployment of weapons, the smart guns never worked and it is now a missile launcher at 500% of the price of such a ship. That is where the budgets fall short again and again and that is merely the defence budget, a budget that has shown failure after failure. All this beside the infrastructure requirements that have not been met in close to half a decade, and they now want some lame ‘tax the rich’ approach to fix it all, all whilst the spending tap is not closed by 55%-70%. And as such, the super rich will never solve this problem. Not until Washington DC wakes up and smells the junk they shovel in. So whilst we see think tank after think tank contribute colourful mentions like “America’s 400 richest families have more wealth than all 10 million of the country’s black families combined, according to a 2020 analysis by the Brookings Institution, a Washington think tank.” No one is asking how large the price tag of that analyses was. We see a group of people blaming a group of people all whilst they enabled all this by not overhauling tax laws, it is now well over 20 years that spending needed to be overhauled, but no, even this administration overspends by close to $1,700,000,000,000 and it does not stop with the $1.2tn deficit, the interest of $30tn is also due and there is no solution for all that, the previous leaseholders of 1600 Pennsylvania Avenue made that mistake and it is about to get a hell of a lot worse, that much seems clear and when the brain drain starts in the US, whatever is left there will not be suitable or liveable, that too is a clear consequence. And it was not rocket science. When you spend more than you collect, when you spend more than you have, this happens and it is happening now and the superrich were never part of any solution, their spending and their own tax system was, and it has been clearly out there since 1999. 

And when you wonder why I mentioned the USS Zumwalt? Well Yesterday we got “With political and economic stakes possibly riding on a defense project that saw a 17% cost overrun from $12 billion to $14 billion and the number of vessels being dropped from 32 to only three, besides a raft of nagging flaws in the overtly advanced system, the USS Zumwalt series of warships will not be scrapped” three overpriced dinghy’s and they are about to refit them for “Advanced Gun System (AGS) will be replaced by another defining weapon of our times – hypersonic missiles.“ A collection of ships, not a decade old will face billions in cost for refit, its stealth hull no longer doing what it was designed to do. On the other hand, I designed a weapon to sink it for a mere $250,000 per deployment, so who was stupid enough to sign that contract at $14,000,000,000 per vessels setting the stage from 32 ships to a mere three of them? You really think the super rich were the problem or these overspending politicians with their heads in the clouds? Someone OK’ed spending $14,000,000,000 on something that never properly worked and they are about to spend more. 

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A dangerous ploy

Today, we see President Biden play a dangerous card. It is his version of ‘tax the rich’. Now lets be clear, I have nothing against it, I find it unfair, in stead of ‘properly tax everyone’ he goes after one group, a populist approach to this issue. A setting we see but do we see it correctly. Presidents going back decades have been unwilling to overhaul tax laws in the US. The difference here is that it comes with an added bonus. The article (at https://www.reuters.com/world/us/bidens-budget-boost-military-raise-taxes-billionaires-2022-03-28/) gives us ‘Biden’s budget boosts military, raises taxes on billionaires, companies’ it comes with the added text “U.S. President Joe Biden on Monday submitted a $5.79 trillion budget plan to Congress that calls for record peacetime military spending while raising taxes for billionaires and companies and lowering government deficits.” In 2021 the US estimates that they expect to collect $3.86 trillion. Expected does not mean achieved, it is an educated guess. In 2019 they collected $3.46 trillion. The 2020 numbers are also expected. So in this, how does the US give us a $5.79 trillion budget, $1,930 billion more than they will collect. Money the US does not have and the billionaire fix get them nothing more than about $360 billion in the next decade, according to the document. So $360,000,000,000 in a decade does not tell us how the US will survive $1,930 billion more than they expect to collect. An additional of $1.9 trillion more and there is no space to wiggle, the chance is that those with more than $100,000,000 will more completely to the zero tax havens like Dubai, Bermuda, Bahamas, Monaco and a few other places. It will start an economic brain drain and a wallet drain to boot. It is a dangerous play, especially as (again) no proper tax overhaul follows. 

As I see it, this dangerous play will make the rich avoid the US like the plague, for a lot of them it no longer pays them to stay there and the moment this administration figures that out, the danger will overwhelm them. 

What I do not get is why the overhaul of tax laws are avoided to this degree. You see, it has always been about proper taxing people. A setting that might not make people like Elon Musk, George Soros, Bill Gates and Jeff Bezos happy, but it is an essential one. As such the overall quality of life in the US will slip and slide to lower levels still. And when it does the average person will see no real reason to stay there, the exodus will start and it will stops the US industrial machine to a near standstill position.

So when we see “Called the “Billionaire Minimum Income Tax,” it would assess a 20% minimum tax rate on U.S. households worth more than $100 million. Over half the revenue could come from those worth more than $1 billion.” We need to realise that ‘Tax the rich’ is dangerous. I have nothing against taxing billionaires (I am not one, and the next 3-4 years I do not expect to become on and I am not American), but when it is unfair taxation, it merely means that the courts will overflow with cases and if the next republican president stops that setting the US will be nearly $2 trillion out of pocket yet again and no achievements were made.

That is the danger of the play and that is the case that will stop the US. Yes, the Americans are so much better off than the previous fellow, are they not?

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The bad track

I am optionally on the wrong track, yet it is not an accident, it is an intentional choice I make. You see, we see too many ‘populist’ settings going on and I am starting to wonder if we are on the wrong track. Now, most of us are clear. The war in the Ukraine is wrong, Russia started this and there needs to be repercussions. Some have taken to confiscate whatever they could that is owned by Russian Oligarchs (weirdly enough I see almost no residence confiscations in London). Yachts and all other possessions are available. I have mixed feelings. Those with clear support to the Russian government and what is happening now is clear. The rest makes me wonder and for some reason the AP article ‘Fleeing sanctions, oligarchs seek safe ports for superyachts’ (at https://apnews.com/article/russia-ukraine-vladimir-putin-boris-johnson-europe-united-states-10a82777a3b4a6ccafc38c223b659a03) something woke up. It was the quote ““We are joining with our European allies to find and seize your yachts, your luxury apartments, your private jets,” President Joe Biden said during his State of the Union speech Tuesday night, addressing the oligarchs. “We are coming for your ill-begotten gains.”” So, please explain to me (with evidence) those ‘ill-begotten gains’? It is a serious question. In this specific case we see Alisher Usmanov a metals magnate and early investor in Facebook. So how much did Facebook make him? Is that ill-begotten? There are two trains of thoughts. The first is that we see a new McCarthy mindset starting, which is their choice, but let’s be honest about it. The second track is that the US is so bankrupt that it is now in a stage to confiscate whatever it can to survive. I am not siding with Alisher Usmanov. And if he has done wrong, fine. But in that case this article was a piss poor job and then some. He was also one of the initial people connected to Mail.ru, so he seems to be a smart cookie who got involved with IT projects when it had the greatest impact, nothing ill begotten, merely good timing. Now, this does not mean that I am right, or that they are wrong. There is too much that I do not know. But this comes across as a legalised form of ‘Tax the rich’ which is now transformed into ‘confiscate whatever the rich has’ a democrat party BS approach. So what will happen when it is suddenly the wealth of Elon Musk, Warren Buffet, Sergei Brin, Larry  Page, Tim. Cook and Jeff Bezos dealing with the bills the American government cannot deal with because they refused to clean house for over two decades? 

The AP does give us at the end “But actually seizing the behemoth boats could prove challenging. Russian billionaires have had decades to shield their money and assets in the West from governments that might try to tax or seize them”, which is fair enough. I am still in the mindset that SOME oligarchs should pay, not sure if all should, but I do admit I really do not know any of them and the media cannot be trusted, they are all on the populist track. OK, not all, but way to many of them are. We can consider that Roman Abramovich was either good or bad, I do not know. Too be honest, I never cared for football (read: soccer) so I am a little out of touch there. But as far as I can tell, everything Roman Abramovich did was to ensure the stage of Chelsea and it’s continuation. We can boast that giving the sale of Chelsea to Ukraine is a political push (the man is a politician after all) and a few other sides as well, and there perhaps his deception worked. Because I personally believe that the man is a soccer nut trying to preserve Chelsea. Does that make him evil? I personally do not think so. I also understand that some policies will hurt the good and the bad, but there is an increased feeling that the US is doing it for other reasons and as the media have no given us a really good stage of where all these funds go, we should wonder what is going on. 

I am not stating that what is done is wrong, but I am wondering why certain things were done and WHERE these funds are going to. Is that wrong? So I might be on the wrong track, but it is mainly because no one is properly illuminating the right track and the media are all about ‘the quote’ but are less about the clear explanation. I merely looked at two people, the US has a list of 96 oligarchs. I reckon there are clearly a few super pro-Putin people there, and we get it, it will rain on the good and the bad alike, but it seems that the media has a lot to make up for, especially when it comes to properly informing us, because that lack set me on the track I am on now.

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The street we know

It is a different setting, we tend to relate to the streets we tend to know. Any technology is set upon a familiar setting. The benefit is that we know where we are and as such we get to where we think we want to go faster. The negative part is that this is a problem when it is true innovation, we cannot continue an iterative line if we want true innovation. 

So when I saw ‘Saudi Arabia announces $6.4 billion investments in future tech’ (at https://www.reuters.com/markets/funds/saudi-arabia-announces-64-billion-investments-future-tech-2022-02-01/) I took notice last week but merely that, it was to be expected. So when I looked at it again this morning, I noticed “include a $2 billion joint venture between eWTP Arabia Capital, a fund backed by Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) and Alibaba, and China’s J&T Express Group, minister Abdullah Alswaha said”, I had overlooked that initially. But it makes sense, as ties with China grow, the Chinese IT sector would come in. It spells bad news for the US, for Amazon in particular. The options that were there are shrinking, they are not gone, but China is now in position to take the cream from the barrel and become the new fat cats. My IP still has options, but it might not go the highway I had hoped for (we all have that), still I do have the innovation advantage and when others fail I can step in. 

There is another side, a side that Amazon had in hands, you see with Neom and Vision2030 Amazon had a larger option if there was a data centre in Saudi Arabia, not a simple online store, but a real data centre, they would need one for a few reasons and even as the media gives us “showing its continued business interests there despite a public dispute between Riyadh and the company’s chief executive, Jeff Bezos”, we can see the hindrance there, we can see that there are issues (I am ignoring the FTI Consulting issues here), but in a larger stake worth billions, the need to find solutions are clear for Amazon. They could walk away and leave it all to AliBaba and the J&T Express Group yet who profits then? Not Amazon, not the US and it is another spark that goes into the direction of China. It is a problem for the US for two reasons. The first one is simple revenue, the US desperately needs that. The second one might not be that clear. You see Saudi Arabia has at present a full fletched 5G network, so those there can do all kinds of prototyping to a much larger extend and see the impact of congestion in a complete 5G network. You see at present we see assumptions via 4G LTE and other settings, this implies that other issues will not be captured when things go wrong. And with all the transgressions we have seen in 2020 and 2021 these systems need proper adjustment. Saudi Arabia has the advantage and now it seems so does China (outside of China), another step not to the advantage of the west (as expressions go), so how many steps do we all need to fall behind before people take this disadvantaged setting seriously?

Even now, the aftermath of Davos will be in favour of both Saudi Arabia and China. Al Jazeera reported “Observers see the high-profile conference as a way for the kingdom to redeem itself in the eyes of US President Joe Biden and the wider international community”, yet my question becomes ‘Why?’ You see, the EU and the US have shown themselves to be unreliable, all setting concepts to presentation in stead of evidence. Now that China is showing themselves to be a much larger player and a willing player could spell a massive loss in revenue. 3 billion here, 6.4 billion there, and several more billions left, right and hither. How much longer until we face the direction that we are losing out? Now this would not be a problem when we have alternatives, but there aren’t that many are there? And consider that one side gives us ‘Deficit shrinks in the first year of Joe Biden’s presidency’ (around $500,000,000,000 less loss), it is a joke when you consider that the deficit is still $2,500,000,000,000,000. And less than a months later the people are given ‘Biden’s $1.7trn social policy will send deficit soaring’, it is another setting of managing bd news and on top of that they lose revenue option after revenue option. So how does that look? The US debt has now surpassed $30,000,000,000,000,000, you have that kind of money? I do not and none of the others have it and an additional problem for the US is that the EU wants to dig into the Saudi revenue pie as well, yet at present China has the upper hand. A setting we ignore because we are lulled to sleep, and that time is gone, when the US debt comes crashing down the EU will join a massive loss and no amount of promise will aid anyone at that point. All because certain players underestimated the impact of innovation and innovation like some are marketing it is not innovation, it is a presentation nothing more. We all tend to keep to the street we know but when that street is on fire, will you merely stop the fire or see what resources are available in the next street? 

China did just that and now we see the fallout of political stupidity. Oh, and when Iran does not come across with promises that they made to some middle man, when the unfortunate adjustments come, the middle man will not care, he got his oil barrel bonus, he is just fine, but those who were behind it will get to say ‘Oops!’ Just as I expected them to do. At that point we will see another advantage to China, good going! And what happens in May/June when Iran has enough nuclear materials? What then?

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Is the MetaVerse a Meta or a Verse?

That is not the question, it is a mere thought and we need to ponder it. You see, I do believe that Meta is close to launching a new dimension in social media, in advertisements and through that we will see a new opening in the approach to marketing and advertising. Google is not ready but could be ready in time, the same could be said for Amazon. Microsoft is however not making that setting with their 5% in Bing, it will die and awkward death. Awkward because the people they approached will leave them. Meta will not offer the handle and handshake that Bing (or Chrome) requires and Bing has nowhere to go. Or as someone in the 90’s once said “All dressed up and no one to blow”, I giggle as it applies more to the outdated marketing tactics then it does the ladies on 42nd street (if you catch my drift). 

So when I see ‘Facebook parent company Meta plummets 26 per cent, loses $332 billion in worst one-day company drop’ (source: ABC). There is no opposition, this is what happened. Yet what is noticeable that the drop is due to “well below analysts’ expectations for the current quarter, a disappointment for a company that investors have become accustomed to delivering spectacular growth” There are two sides here. On the one side either the investors have no long term goal and no comprehension on what Meta is ready to achieve, in that regard the analysts are equally in the dark on what is about to happen. So even as Marky Mark of the book of faces can hold onto what he has now as the next wave will increase his fortune by well over 300% (a personal rough speculation), so the term ‘disappointment for a company’ is the setting of a person who has no clue what is about to unfold. Or it is a person with the narrow focus on the now regardless of what tomorrow will bring. The second setting is seen with ““The downgrade in the earnings outlook by Meta and other companies took markets by surprise,” said Kenneth Broux, a strategist at Societe Generale in London” I am not sure whether this is a repetition of the other fellows view or if it is set on parallel yet not equal measurements. I am not an economist. The Amazon idea (at least one of them) could be applied to Meta, yet it would limit my revenue and I am kinda set on getting my $50,000,000 (post taxation) in the first wave. The second wave would bring me more but there is no way in hell a person like Jeff Bezos would shell out that kind of money without clear numbers (no matter how rich he is) and what I am about to do has NEVER been done before. So there is the turmoil for me. There are a few other reasons why pushing Amazon to higher levels are more rewarding for me (there is the option to kick Microsoft in the balls) a thought that is massively rewarding all on its own, yet it could optionally hurt Google and I have nothing against Google. They are about to get hit by TikTok and the impact of HarmonyOS is getting delayed but it is not out of the way yet, so Google has to face that too. Yet Meta is a drive that Google could benefit to if they resolve locality in their products, because that will be a given. It slightly opposes the 4 clusters that Amazon will gain but it will not hurt Google, Amazon on the other hand would strengthen their clusters through Meta and could optionally several smaller clusters too, Microsoft has close to NOTHING there, all lost marketshare. 

So as we look at the second article That gives us ‘Facebook owner Meta sees biggest ever stock market loss’ (source: BBC). There we see “Meta also warned of slowing revenue growth in the face of competition from rival platforms including TikTok and YouTube, while advertisers were also cutting spending” the lack of ‘temporary’ is a little astounding. There is reduced spending by advertisers yet with the labour lack they have they will have to create a pipeline soon enough and that means advertising and spending, interesting how the BBC overlooked that. And yes TikTok is a threat, but more to YouTube than Meta and the deployment of Meta will take care of that. The question is how Meta will deal with the lull in technology that they face. Let’s give you an example.  You are in the MetaVerse. In that life you have the house you could never afford, you watch TV on a screen you could never afford and you watch the things you love. There we see advertisements and Meta cashes in. Yet over time you get billboard digital screens on billboard (perhaps the three in Ebbing Missouri), but all those elements require new technology and Meta could create them and lose a lot of time or they could set a partnership with Google and Amazon and set a might higher bar. Google and Amazon have their terrains and Meta has an advantage in partnerships, opposing those two will drag the issues in too many dimensions (literally) and it opens up a massively large bag of worms. None of those matters are seen and they will come in 2022/2023. When Google and Amazon set out THEIR plan it will need to be one that embraces Meta. Zuckerberg was one clever cookie when he did the change he wants. The covid issue worked FOR him a little but in this setting (loss of revenue) it works against him. The nice part for him is that those who walked away will have to negotiate new contracts in MetaVerse so that will make his gains a lot better than the losses he has now.

No matter where I look I see everyone parroting the loss story and it is true, he lost (for now) and no one has a clue what is about to happen and hows social media will change the face of both marketing and advertising and when those with their clever little API realises that it stops working in MetaVerse we will get some watchdog howling on behalf of the exploiters who suddenly get the notice that their well is now dry. All revenue belong to Zuckerberg again. A setting none of them seem to realise. I am just happy that my 5G IP is still safe and MetaVerse will not hinder it. It might benefit me, but it is too soon to tell, it could if Amazon gets the proper idea on where marketing and deployed advertising goes, but there are a few if’s in that setting I get that and I am pretty sure that the CTO of Amazon (Werner Vogels) is that clever as well. 

So whatever Meta will become, it is not a verse, perhaps according to the journalists who look at the now and rhyme to yesterday. Yet I am certain that they are utterly in the dark about tomorrow and in most dimensions tomorrow never rhymes, perhaps to borrow and sorrow but not to the tile of style that tomorrow brings, because the rhyme depends on what is, not what might be and what might be will be illuminating to say the least, not the hallucinating of a beast. That is what we face, when Meta deploys we will face an entirely new beast, one advertisers and marketing departments never faced before and as they run from training to training the first 6 months and try to comprehend that they suddenly had to learn a new beast for months, those who were ready will have the entire field for the better part of 6 months at the very least, it will change the game for years and as I see it Google and Amazon have the options, Microsoft falls away like it always does, shouting Azure whilst the never learned the blues.

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That first step

We have all heard it, the first step is admitting you have a problem. There is of course debate on WHAT the problem is. I am not any different. I hate stupidity, hypocorism and bot to mention short sighted issues. One of these issues is ‘Tax the rich’, we see all these stupid people screaming ‘tax the rich’ whilst the system is set, there is a tax system, there are tax laws and instead of all screaming to adjust the tax system we see the empty gesture to tax the rich, the rich do not care, they adhere to tax laws, so these laws will PROTECT them. Another issue was seen in ‘Greed and Law helping each other’, I wrote it on July 9th 2021 (at https://lawlordtobe.com/2021/07/09/greed-and-law-helping-each-other/). There I set out the short sighted setting of the Oxycontin setting. I wrote “Yes, there are culprits in this story. You see some sources give us that in 1996 316,000 prescriptions were dispensed, it grew to an impressive amount topping over 14 million prescriptions with an estimated value of $3,000,000,000. The issue we see everyone painting over is ‘prescriptions dispensed’, this is not something that a person can get, it needs a doctor and it needs a pharmacist.” You see there are laws and rules, and they were massively broken by doctors and pharmacists. So when do they go to court? 

It is Reuters who give us today (at https://www.reuters.com/legal/transactional/sacklers-near-deal-contribute-more-opioid-settlement-purdue-pharma-bankruptcy-2022-01-31/) the story of ‘Sacklers near deal to increase opioid settlement in Purdue bankruptcy’, I personally do not believe that members of the Sackler family who own Purdue Pharma LP were completely innocent, yet that is not the setting is it? SOMEONE handed a paper to dispense Oxycontin, a pharmacist handed over the drugs. Yet nearly all of them banked the money and did not ring the alarm bell (some really did that) and those who cashed in on 14,000,000 prescriptions? Why are they not in court? Members of the Sackler family cannot hand over prescriptions, they cannot dispense drugs to people, they can merely distribute to pharmacies. So I do not believe that they are completely innocent, but to go after them and not after the doctors and pharmacies is (as I personally see) immoral. 

Yes, I know that in Torts you go after the money.

So in that setting: “Jeff Bezos, I do believe you owe me $50,000,000 post taxation, pay up please!

But is any of that fair? You might say that fair has nothing to do with it and it is not incorrect but it is wrong. So when Reuters gives us “An agreement involving members of the Sackler family and several state attorneys general could potentially end a legal challenge that has prevented Purdue from exiting bankruptcy, and clear the way for a plan aimed at helping to abate the opioid crisis” my personal thoughts are wondering how many of these state attorney generals went after the doctors and the pharmacies? Justice handed in August 2021 a verdict, ‘Doctor Sentenced To More Than 15 Years In Prison For Conspiring To Distribute Thousands Of Oxycodone Pills Illegally’, there is no way in hell that only ONE doctor did that, so how many are serving 15 years? 

It is U.S. Attorney Audrey Strauss who gives us “Dr. Emmanuel Lambrakis wrote medically unnecessary prescriptions for thousands of oxycodone pills – an addictive and potentially fatal opiate.  Instead of abiding by his oath to ‘do no harm,’ Lambrakis pumped deadly drugs into the community.  Lambrakis put his own greed before his duties as a medical professional, and for that he will now spend a lengthy term in federal prison.” And as stated before, there is no way that there was merely one doctor guilty of that, in addition, there are truckloads of pharmacies that require the same amount of attention and that too is not being done to the degree it had to be done, it is my personal opinion that some state attorneys general’s were lazy and decided to go after the money, go for the easy conviction. Yes, the Sackler family benefitted, but who prescribed? Who handed them over? I see close to nothing on that. It is a simple tax the rich approach to a failing in law and a failing to observe the law and there are clearly a vast amount of doctors and pharmacies more guilty than any of the Sackler family. But we do not get to see that, do we?

As I see it, it started with that first step and the law has a problem, it cannot properly dispense justice to the wrongdoers. It merely went to the richest person and found them guilty. So what happens when it becomes about something more problematic? What happens when someone figures out that any Ponzi scheme can be done online handing the mess to Apple or perhaps Epic systems? So what happens when the hackers find the weakness in something like Nvidia’s GeForce Now service? What happens when 300,000,000 people lose $10-$35 and Epic goes ‘Not my Problem’, and Nvidia goes ‘We know nothing’? Who will end up with that bill of $3,000,000,000-$9,000,000,000 because the people will demand payment and as I see it the Justice departments will be globally clueless on how to proceed. The nice part here is that the court setting makes Apple automatically innocent, they had to open up the system and the people will merely lose their money. 

How a spindled world wide web we weave.

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Not just America

This train of thought started when the BBC gave us ‘Inflation surge sends UK interest payments higher’ (at https://www.bbc.co.uk/news/business-60117150). In the past, to be a little more specific with ‘Utter insanity’ (at https://lawlordtobe.com/2021/10/04/utter-insanity/) on October 4th 2021, with ‘How stupid are we?’ (at https://lawlordtobe.com/2021/09/17/how-stupid-are-we/) on September 17th 2021 and even before that going back to 2015 and 2016 I made it clear that debts have interest. The US (now at 28 trillion), Japan (well over 14 trillion) and the EU with several at €5,000,000,000,000 as well as the UK with well over £2,000,000,000,000 now sees (via the BBC) the quote “The Office for National Statistics (ONS) said interest on government debt hit £8.1bn last month – up from £2.7bn a year earlier.” Is anyone even surprised? It was always going to be worse, but I admit that was before Covid took centre stage, as these elements unfolded, debts all over the planet is soaring and the interest is due. And if you think the UK is in a bad setting, consider that France and Germany have a similar setting, but with a larger debt. Germany has options, yet I am not sure how many France has and as I am taking notice of it the article more thoughts come to mind. You see, I wrote with some degree of speculation “The US laughed and sniggered when Wall Street offered vulture solutions to Argentina in 1998, now the vultures are ready and set to rip the US carcass apart. Is it a fair view? That is not in question, yet the stage is now that it is becoming a likely view the only people treated fair are the hard workers who just tried to get by.” And this view is not taking into consideration what the US will do to regard their registered patents and IP to be part of the debt leverage. It made me consider where to put my IP. In all this Canada was the safest bet, more important, Amazon could set the market upheave with securing up to $15 billion in IP, IP that is still unsecured. And as I notice a few articles in the BBC, there is ever chance that one of the IP settings could well over double. Another IP (a concept IP setting) could well exceed that if the IP for the printable displays takes hold. You see, power needs are exceeding massively what is available and the idea that we could optionally reduce power requirements to one device by well over 60%, the idea of doing that to up to 100,000,000 devices will count, the optional military setting (as their is a notion that this solution is speculatively EMP proof, would exceed the expectations by a lot more, by more than even I could imagine. But I will accept that DARPA is a much better source then I ever would be. 

So as debts and power needs rise to way above the acceptable norm, there could be a partial union between Elon Musk and Jeff Bezos (or whomever runs Amazon). And in this Reuters news from December 18th telling us ‘U.S. to face increasing power reliability issues over next 10 years’ merely fuels my IP value. There is optionally a larger stage that has everything to do with people moving from California to Texas and I wrote about it in the past. It doesn’t just set the environment with not enough power, it also sets the available power in the wrong place, giving places like Texas a few more headaches. In this the solution that Elon Musk has will be essential and needed almost immediately. 

But this is not about him, it is about Amazon and Amazon has as per today an optional solution for issues in the UK, issues in a few places in the EU and that is all before someone realises that Neom (Saudi Arabia) requires a very different approach to marketing and retail visibility. I based part of my IP on that shift in 2019 and now that it is closing in, someone will realise that whatever is set there could influence and strengthen it position in Egypt and Israel as well. This relates to the previous part because the US has done almost nothing in that regard other than alienate Saudi Arabia, the EU is in a similar position as they cater too much towards Iran and Saudi Arabia can together with Huawei set the 5G base to include Egypt which brings close to 100,000,000 subscriptions and they all want to do marketing. And in all this I have been right again and again and now that the UK is realising that an interest increase from “£8.1bn last month – up from £2.7bn a year earlier”, the need for commerce is overtaking all other considerations and Amazon has the inside track on several options. At that point do you think the US will be about fair play? They will take what they can and they will leverage IP as required to not fall over, because if the UK is facing this, then so are Japan and the US to some degree and none of them has the stamina to wage a long fight with debts drowning them, especially when the interest is too much too handle. In all this Elon Musk and Jeff Bezos have the option to be saviours (at a price), especially when the short sighted governments should have seen this coming a mile away. Why? I saw this point as early as 2015, thus I was aware of the danger 7 years before the BBC informs its audience and this is not merely ‘speculation’, this was always going to happen, only through covid there is a chance that the UK will beat the US and Japan to that point of drowning. And when that happens it will the the one marker where all retirement funds will dry up faster than oasis in the Sahara. Feel free to doubt me, but I leave it up to you to await the bad news from your retirement funds. Some studies were made that in the US 40% will run out of retirement funds due to all kinds of risks and governments running out of cash is a big one, that is why (for them) patents and IP are so important, they are the leverage some companies prefer not to give them. They might prefer to call it ‘Leveraging Federal Resources’ but in the end that is where it is heading and it will not merely be the US, it will be a lot more places who play that game, so in the end, those who own their IP are in an exulted place of negotiating. Hence the benefit that Amazon and Musk will end up having and should either be a larger part of Neom, their value will merely go up, because it is not (merely) about  Neom, it is the strategic place it has for Saudi Arabia, Egypt and Israel. From there a whole range of options open up and the first one there gets to serve all the others. 

It is not about the US, it is not merely the US. You need to see that before it is too late to act, it might still be too late to act, but there is an option to reap some rewards in that mess and that is all up to you, I placed my IP in a strategic place, outside of government reach. It was a good as I would be able to steer it, now it is up to others and I might still miss out, but I gave it one hell of a try. 

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The media as enforcer

It is a thought, it is my thought and I wonder if there is enough that I am correct? You see, most people are crying foul, blaming rich people. Making noises on the need to tax the rich and the media is helping out. That is the operative part, the media is helping out. To show you just how far they go, let’s take a little trip.

Search by Google
When you search for ‘Charles P. Rettig’ you see two results. One by LGBTQ Nation, one by Mondaq. Consider the following parts
1. Charles P. Rettig is the Commissioner of the IRS.
2. Taxes are on the plate of responsibility of the IRS.
3. The media has nothing to report on the IRS? They are merely all flaming the tax the rich part?

Looking at the media
The BBC gives us another flame article on how ‘How billionaires pay less tax than you’, yet no one is looking at the simple fact that people like Elon Musk, Jeff Bezos and other billionaires are doing what they are allowed to do, and it is not “special strategies to avoid paying income tax, say experts”, it is “Merely paying what Tax laws and tax codes are telling people how much to pay”. A setting that comes from the office of Charles P. Rettig, the people who were there before him like John Koskinen, Daniel Werfel, Steven T. Miller, Douglas Shulman, Linda Stiff, and Mark Everson a collection of people that were there for almost 20 years when nothing was done to overhaul taxes, and the media is not reporting on it, is it not news or is it part of the filtered information that some people do not want you to have. Yes, I am focussing here on the US, yet the mess in the EU is not better, it is actually worse as they got well over 20 nations to do NOTHING!

I am not stating that Elon Bezos and Jeff Musk are innocent (or was that the other way round?), I am stating. I am saying that they use tax laws as they are ALLOWED to be used, in black letter setting (meaning: literal interpretation) all whilst the media is shouting about the spirit of the law, the spirit of the law is not in writing, in writing we find “A tax code is a federal government document, usually numbering thousands of pages, that details the rules individuals and businesses must follow in remitting a percentage of their incomes to the federal or state government”, yes, and then the politicians added tax codes, exclusions, tax write-offs and that results in people like the ones we see mentioned as well as the Koch Family ($113,000,000,000), the Walton family ($220,000,000,000) and the Mars family (not the planet) with $127,000,000,000 we do not see these names do we? Just like Charles P. Rettig we see very little on them, we see houses bought and sold and two weeks ago we see ‘Influential Koch network rocked by an alleged affair scandal, donor departures and a discrimination lawsuit’ and I only see the CNBC mention, the other papers seemingly left it alone, why is that?

So whilst we see all flames we do not see anyone (including media) invoking the need to overhaul tax laws, no one seems interested in the essential step that is required. 

More important, no one in media is taking that step either, why is that? You still think that they are free to speak their journalistic minds, or does the hierarchy of Shareholders, stake holders, advertisers starts making sense. To realise that you the reader are a mere 4th place in any media source, how does that feel?

It is not a setting where the rich pay less, it is a setting that non-overhauled tax laws benefits the rich more and this is not semantics, consider that CNBC gave you “So if you want to find a way to lower your taxes like the rich do, it could be a good idea to meet with a financial advisor or CPA”, for a really rich person a CPA ($119,000 annual) is nothing, and they KNOW what tax laws are there to aid and which ones are not. And it was simple, it has been for decades and no one seems to focus on that part, they merely advertise the scream ‘Tax the Rich’ which is funny, because it goes nowhere and gets people nothing and when you realise that the taxation laws were the problem for decades, when will you see that the politicians and their IRS commissioners were part of the problem and never any part of the solution the USA desperately needs. So whilst the news is all about ‘Biden signs legislation raising US debt limit, averts potential default’, now consider your own situation. How much upgrades can you get on your credit card until is gets blocked, banned and retracted? How many upgrades can you get until you show more income? That is the stage; that is also why tax laws need overhaul. It is not names like Jeff Bezos and Elon Musk, it is the stage that the USA has according to some sources 614 billionaires. You still think that there is no gain in overhauling tax laws? Oh, and when we look at those with a value that tops $100,000,000 you get to a number of people that is slightly surpasses 5000. When you consider all this, do you think it makes sense that the media has zero interest in people like Charles P. Rettig? Consider that he should be in the targeting view of EVERY American media outlet, but he is not, why is that you think?

I am starting to believe that the media is nothing more than an enforcer that uses the old premise of panem et circenses, a stage introduced by the poet Juvenal. Decimus Junius Juvenalis (his original name) was around in the age of Nero and Galba and a whole lot of other emperors, including the year when they had 4 of them (it is a hazardous job). A stage we see now exploited by media, politicians and rich people. Making us all watch where they want us to look, not where we need to look and the US (EU too) is running out of time. When the US defaults, what do you think will happen to the Yen and the Euro? So when you get angry at Jeff Bezos, wonder why the media is so focussed on giving him the limelight and they are actively avoiding the limelight on a whole group of 614 equally filthy rich as Jeff Ross (sorry the other comedian) Jeff Bezos and we do not see their names, not ANYWHERE, why is that? Consider that for a moment before you start shouting ‘Tax the rich’. Let’s be clear I have nothing against taxing rich people, but that is what tax laws are for, to tax all 5000 of them, not the three overly mentioned in media and there is the rub, that is where the media needs to ask people like Charles P. Rettig and the tax laws makers behind him very serious questions, but the media is not doing that. Why is that?

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A two sided sword

It is nice (novel too) when the press does your work. Al Jazeera (at https://aje.io/xvndmj) with the headline ‘Nobel Peace Prize winners warn of growing disinformation threat’, which sounds nice, but the complication is that the press is part of the problem, in the last two years 

I looked at issues with the NSO group, Jamal Khashoggi (the reporter no one cares about), one sided accusations against Saudi Arabia, bungled investigations involving Jeff Bezos (and the UN), Ignoring the events from Iran and Houthi forces and that running joke known as the ICIJ with their papers of hope (Pandora papers). All issues that show the press being part of the problem, not a solution. All vying for digital dollars any way they can. 

So when I see “Maria Ressa of the Philippines said the greatest threat to democracy is “when lies become facts”, while Dmitry Muratov of Russia said society is currently in a dangerous “post-truth period””, I am not opposing Maria Ressa, I am stating that the disinformation problem is a lot larger than what we hear and journalists are part of that problem. 

Journalists have with some regularity placed themselves on the axial of a seesaw and tried to keep a balance between events taking place and Stakeholders that need things go certain ways (my speculation/presumption). It is a setting that have been going on since 2012 (which is when I started to take notice). So when I see “Muratov also told Al Jazeera that disinformation was a significant and growing threat. “Manipulation leads to war,” he said. “We are in the middle of a post-truth period. Now, everyone is concerned about their own ideas and not the facts,” Muratov said” I feel an involuntary giggle coming up. It is correct what he states, but the part of ‘Manipulation leads to war’, was this communicated to the morning breakfast shows? Was this communicated to newspapers who do this way too often? 

Yes there are problems and they are all over the place, yet the press is part of the problem, it stopped being part of the solution when shareholders needed to see more money from news outlets. A plate for pigs and there are too many pigs and the plate is seemingly getting smaller. 

So it needs to be clear, I am not opposing the person who achieved the standing of winning a Nobel price, I am however pointing towards the wannabe’s behind these people maximising digital coins at the expense of clear reporting. In case of the ICIJ, has anyone seen a clear dashboard giving us numbers of people per nation, nations with government people involved and non-government people? No, you haven’t. More importantly when we see the stage of those in zero tax nations (and their right to be there), what is left? In that stage we see the ICIJ speak like parrots, repeating the same thing over and over without any real revelations, any real criminal activities. So when you see “The new data reveals confidential information about the owners of offshore entities mostly registered in the British Virgin Islands, a notoriously secretive jurisdiction, between 1980 and 2018.” You get no real information, merely some silly essay person waving his dick. The problem is that this so called “confidential information about the owners of offshore entities”, is absent of criminal activities. It is about tax laws and these clowns have not achieved anything, merely made you all angry that some people get LEGALLY away with avoiding taxation. So Boo Hoo flipping Hoo. 

So I get it that some journalists should receive protection, but in my personal view, we could do without those 600 at the ICIJ brilliantly. The term of “when lies become facts” sounds really nice, but that means that we hold journalists and what they write accountable, an act that hasn’t been the case for the longest of times, should you doubt that, read the Leveson report. The stage is changing and to some degree journalists and news outlets are responsible for that mess. Consider that the big papers which include the Wall Street Journal, The Times, the LA Times, the Washington Post, the Boston globe and the NY Times. How many did a real piece on how tax laws have failed a nation? None as fr as I can tell, they are all screaming ‘Tax the Rich’ but it were these tax laws that got them in that setting. The disregarded acts by Iran are visible all over by the bulk of these papers seemingly disregard these parts, just like the assaults by Houthi’s but they are all eager to slam the Kingdom of Saudi Arabia, one sided reporting is disinformation, I hope that this is clear? Filtered information (like morning shows) is also a form of disinformation and they all serve some stakeholder (as I personally see it).

A stage that has to change and it should start with those calling themselves journalists. 

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