It was my usual moment of scanning the news and suddenly within a minute three articles from very different areas came up, one in Arab News that gave the impression that my IP is more than on time, more than in the moment. Three acts give rise to a much larger setting that timing was a much larger setting than anything I could have planned for. Now the question becomes was the Saudi Arabian Consulate in Sydney aware? Do they even know? Lets be clear here, not everything is about me, not everything is about my IP, but the circumstances are weird, even by my standards. I just hope that I get my moment to speak quite soon, as it seems that the interactions by the media regulator of the Kingdom of Saudi Arabia, which they call Mawthooq is now a larger play and here I am with a solution that addresses the approach to 50 million people in all kinds of ways, a lot more if I am right. So was it merely timing, or am I merely a pawn in the middle of a lot of events? I have no idea, but to see this evolve 10 days AFTER I visited the Saudi Consulate in Sydney is strangely unsettling to say the least.
I hope to report a lot more soon enough (regarding my IP I mean).
That is the truth of the matter, and in my case it is not precisely timing, even as timing cmes up. In my case it is pure luck. So as we see (at https://english.aawsat.com/home/article/3862066/saudi-arabia-unveils-10-initiatives-develop-online-stores) ‘Saudi Arabia Unveils 10 Initiatives to Develop Online Stores’ I set my plan in motion as well, actually, I set my plan in motion three days earlier. At some point in the past I stated “I would rather hand my IP to the Kingdom of Saudi Arabia for 35% of its value, then let Microsoft have it at 165% of its value” and I made other claims (at https://lawlordtobe.com/2022/09/01/resetting-contemplated-options/) just over a week ago in ‘Resetting contemplated options’. There I wrote “You see, for me it cares as part of the deal is that I get 10% of the IP and sales value (plus a starting fee). 10% of 50,000,000 subscriptions could be anything from $25M to $50M and when this takes off, I have no idea where it will end, but even at a mere 1-2 years I could end with $25M to $50M a month in the second year if its running” and I put my actions where my mouth was and as such the first part was handed to the Consulate of Saudi Arabia in Sydney. A stage where Amazon or Google could have made a killing three times over, it is not in hands of the Kingdom of Saudi Arabia with that a stage where they could make well over $500 million a month. Amazon and Google were seemingly not interested, or perhaps they hoped to get it all for free. Now it becomes a much larger stage with a few nice additions and it could make Saudi Arabia a new player in the IT field, optionally a power player, but that would take a few years. One could say that it as all about the timing, but in my case pure dumb luck might have played its cards too. I have hd my fill with wannabe managers stating to me “We’ll do right by you”, now they end up with nothing and when (not if) my IP works out, they will come with all the excuses they can grab for, but in the end as the Kingdom of Saudi Arabia surpasses them, they will have no excuses. It will show them that they were never good enough and that is possibly the best reward of all for me. Moreover, when the stage picks up, they will surpass the total sales of the Xbox One, so it is perfect on several levels. Even as that was not the intent (it was not part of the equation) in the first two years my solution will surpass Microsoft and their boast of the most powerful console in the world. I cannot tell how high it will go, but the 50 million subscriptions is the minimum I had foreseen and when these projects come to fruition I will tell you exactly what I had done and how Microsoft, Google and Amazon failed to see what was in front of their eyes all along. I feel weirdly giggle and happy. Those who claimed that I would not make it will now see that I will end up ahead of the game, ahead of the rest. But I need to be cautious here, as Saudi Arabia has not stated that they are ready for a fight like this, so I need to be patient (something I was never good at). And in all this, I am ready for what comes next, because I have now completed phases two, three and four of that solution, it was always going to happen, but the speed at what is now at play is a new consideration. It is a new consideration as I have to cross my t’s and dot my i’s. So as the KSA is staging to “develop the sector of electronic stores, based on the results of a survey that measured consumer satisfaction with the performance of e-commerce in the Kingdom” I added a much larger stage that will open digital sales and digital awareness to a much larger group than the Saudi Ministry of Commerce had envisioned, as such it will not happen immediately, but over the next 2 years that stage will explode international needs for the KSA and that is also an interesting side. I had never played for that stage, but it merely cropped up and now that it is here, I will need to reset views and test the stage towards what the Saudi Ministry of Commerce has in mind. And all this was not timing (perhaps for the KSA it was) in my case it was as stated pure luck and that counts too. For me it counts as it ups the value of my IP by a lot, or at least decently more than I had envisioned and that is under the condition of 50 million subscriptions, if that goes up by too much more this early, I have no idea where my IP ends or more precisely at what value. I do believe that timing is at times important, I merely never thought I was going to get this lucky, not after the five years I had. For now it does not suck to be me. Oh joy!
That was the setting I looked t when I saw the article in the New Arab (at https://english.alaraby.co.uk/analysis/saudi-arabias-line-neom-project-too-ambitious) where we see ‘Is Saudi Arabia’s ‘The Line’ NEOM project too ambitious?’ The title gives us a handle and my first question is should that not be the case? Now we take the Empire State Building for granted, but in 1930, people thought the same regarding the Empire State Building. Things need to be too ambitious. The entire setting of Neom and the Line is too ambitious, because this has NEVER been done before. And even if people write it into the ground calling it a ‘gazillion dollar project’ the truth is that they are writing fear, because I personally guarantee you that they would not write that if it was a US project. Two architectural projects and both as in Saudi Arabia. But back to the article. We then get ““In the aftermath of the pandemic, economic rehabilitation is at the forefront of all countries’ political agendas. This is why Saudi Arabia will have no issues in filling any labour gaps with regards to construction and investments in the project itself,” Siddiqa explained.” This is a fair point and every nations has this hurdle, as such I do not see a real problem, a hurdle, not an obstacle. Again a fair point is seen with “NEOM is not without its challenges, some of which Riyadh has addressed and others which remain an obstacle. Financial challenges are the biggest obstacle for mega projects like NEOM and The Line. Research shows that Saudi Arabia has not been able to achieve much success in attracting financial resources and investment from foreign governments and companies.”, what I would like to add is that these companies were eager to invest when oil was their fortune, but investing in something that they at present do not understand is somewhat understandable, greed needs assurances and they have an image (of greed) to uphold. Then the article throws a reality our way. With “While the initial plan was to complete NEOM by 2030 with an allotted $500 billion, some reports claim that the city may not be completed until 2050, which will likely increase costs significantly. For this reason, it is predicted that the entire project, including The Line, will cost the Kingdom $1 trillion.” And here we see the first larger hurdle. With ‘the city may not be completed until 2050’ which is true, but now we also see the essential need to hold onto the larger need for perfection and precision. Any party that cuts corners will become the foundation of failure for the entire project and even if only one phase is ready in 2030, the KSA will show to be a global game changer. And lets fave it, on this day and age that delay is not the biggest one. The line is a city for 9 million people. Rome was not build in a day and that is a fair notion to take. If it helps, I reckon that my IP for Augmented Reality could optionally make an optional larger difference there. But the larger truth is that the Empire State Building took a year to make, the Line is over 200 times larger and as such getting it all ready by 2050 is still an amazing feat, more important it is a building no one else has been able to build as well as a first building to allow nature to restore. That setting is a larger achievement. More important I reckon that the side development in material waste and sewage will have larger repercussions for the internal development of any city and such part have never been this centralised before. A place where pollution stops. Consider London where we would suddenly halt ALL car traffic for a week. The impact of cleaner air would be seeable and sense by all, a city 50% smaller and it has that impact, so what spin will the KSA receive when others offer their version of complexities? Then we are given a part that I found debatable. It is “The financial viability of PIF is highly dependent on the Kingdom’s oil exports, a market that has proven volatile in recent years. In 2020, Riyadh faced a significant fiscal deficit of more than $79 billion. In a country where around 60% of its financial resources came from oil and just 9% from non-oil exports in 2021, the financing of the NEOM project is likely to face financial ups and downs.” So, yes we get ‘In 2020, Riyadh faced a significant fiscal deficit of more than $79 billion’ this is true, but what about 2022? The guardian gave us (months ago) ‘Largest oil and gas producers made close to $100bn in first quarter of 2022’ and two weeks ago we got “Aramco had a 90% year-on-year increase and marks the biggest earnings for the world’s largest energy exporter since its public listing three years ago.” As such the 2020 point of view for a 2022 article makes a lot less sense. And the reference of “around 60% of its financial resources came from oil” might sound fair (or at least correct) but both Neom and the Line show us that this could change, a city with no cars means 4,000,000 less cars creating pollution, needing no gasoline are clear markers in that change. And when the achievement is established other nations will want the same event (especially in Texas where they now start to have energy problems). A stage that could export Saudi skills in other ways too. One significant hurdle is shown with “the biggest technical problem that Saudi Arabia will face in NEOM is the reliance on foreign skilled workers, an issue that is unlikely to be resolved in the short term.” This was true and yes it was a problem, but I illuminated that with “there is now a decent chance that the small hidden engineering texts will be Arabic/Chinese and not Arabic/English. A station that was always likely to happen, but now it seems it is becoming the passing of a fact” a side I saw solved on August 11th 2022, a week before this article was written. I set that in ‘Stirring the soup’, a stage I saw coming a mile away and that too is the larger defeat for the west, especially as China has both the upper echelon and lower echelon of workers, workers Saudi Arabia will need and a job market that is now closing for Europe and America. A longer set of issues that hd been out and open for all to see, now the Silk Road gets the chance to build whilst fuelling itself with oil and revenue, both at the same time. I reckon that Strasbourg never considered that. How interesting that I had done that.
In the end my point of view is that there is no ‘too ambitious’, it comes with the terrain of creating something never done before, as long as the decision makers realise that 2030 is not a static point of completion, they will end up being in a good place. Even completing Phase one by 2030 is an achievement not found anywhere else in the world at present and that completion takes the project crown away from America, not a bad first result. And in all this the redesign of world powers might also be a first, with the chance that China becomes the worlds first power and America? Well they will have to content with the number 6 slot, that is also a consequence of catering to Wall Street, the larger view is lost when the spreadsheet users were all set on next quarter, not next decade. In this I will shown to have been correct yet again. I wonder what else I could see in the near future.
We all have that, we are inspired, we are trending and we realise that something pushed us. I stated this some time ago when I realised something as I looked at the plans of Neom, things had to change, needed to change to facilitate for Neom. It drove me to design the new 5G solutions. Solutions for a new generation with the shopkeeper in control. As that came about a YouTube video on the Toronto Eaton Centre started the setting for a new version of engagement, driven through Augmented Reality But it is not about that, it is about what drove me.
We are all driven through something. In the 60’s it was Apollo, in the 70’s it was the Cell phone and video games. The 80’s brought us cassettes, Fax and VHR, the 90’s was the age of the internet and so on. When we go ack there was also a stage of buildings. There was the Chinese wall, The pyramids, yet until much much later and the Empire State building there was very little. Yes, Italy had the Pantheon and it was great, but not mind boggling, neither was St. Paul’s Cathedral. For some there was the Eiffel Tower. 1962 got us another US design The Cadet Chapel in Colorado Springs and Singapore gave us the Helix Bridge. Yet in these years after the Empire State building, nothing mind boggling was made. Things were pretty, astounding, but not not mind boggling. It seemed that the Kingdom of Saudi Arabia gets two counts there. The first is Neom, which is merely mind boggling for its size, no city that size has ever been created. A city that spans from Washington DC to New York. The second one is mind boggling. It is the Line. A city in one building. 9 million people in a structure that is 200 meters wide, 170 kilometres long and 500 meters above sea level. It will be visible from space like a silver line over the land of Saudi Arabia. And if this building is completed it will bring marvel to the world, marvel brought to you by Saudi Arabia.
For me it feels great, several of my IP will add to that design and in that scheme my long term options are great, but it is not about me. You see, like the previous inventions, anyone between 12-15 will find inspiration from something like the line, not one, not 10 but thousands and they could come up with all kind of solutions and new innovations, innovations that I and many from my generation have not yet considered. They will come with the thought “If I do this….. then I could get …..” and like the makers of the iPad, iPod, MS Windows, IBM quantum that generation will create even more and optionally things I never thought of, because the age of wonder will push us all forward and if we can make one building like that, we could actually make a difference and find options for nature to restore itself.
I have been tossing and turning on an idea. I am not sure whether it is a good idea, whether it can be adapted to anything, but for some reason the idea would not let go. Almost like the first time I considered the Augmented Reality approach. The idea is related to that. It is a new approach to visibility in jewellery, and if the Mobile can be adjusted this could bring a much larger stage than we see now. Yet I only see the approach for rings and bracelets. There are a few more, but that is open for interpretation and that is where doubt creeps in. A ‘What if’ approach. And the doubt creeps in and makes an appearance. Doubt, it is the place where ideas die.
And make no mistake, I have doubts just like any other idea man, I believe a decent amount of doubt is good, it makes you redo what you have and test it for yourself but that too comes at a price and my mind is no different than anyone else’s. So, what to do?
Now, I am decently certain that mobiles cannot do what I have in mind, but should that stop the idea? I merely need to find the one maker (Google or Tesla) to add that functionality and a new market is created and I do believe that this market could grow by a lot. And as my mind was filling in blanks and create additional opportunities doubt stepped in and wrecked the train of thought. Yet I feel that pushing on will create the idea stronger and more adapt, but at every step doubt comes in and rears its ugly head. I am ready for doubt and self doubt, it merely makes the idea and my conviction stronger. It was Atropos who stated again and again “μέχρι εκεί θα πάτε” (that is as far as you will go) every time she cut the wire, and at some point he will cut my thread too. Will there be enough time? I hope so, there are plenty of ideas coming forward, and there is a certain satisfaction that my IP bundle keeps on growing (even if it goes nowhere at present). But that is OK, I feel that Tencent is waiting for their steps, I believe that they are making steps to grow League of legends and I believe that the Patent for their console is merely a first step. They might have stopped their game streaming, but the hardware is still there. I think they are awaiting a signal, no idea what signal it is, but it will upset the American streaming player to no end (Amazon Luna, Google Stadia, Netflix, Apple) and whatever Microsoft has. And they are all looking in the same places and that is where my $500M a month idea goes to town, no one is looking in that place and I should consider adding a new player to that field. Yet I feel certain that they will see if it can be done via Tencent (not a given, merely a hunch). And yes there is some doubt, but the larger doubts were crushed when I saw the Unreal Engine 5 presentation of Riverwood. I had the same feeling in 1992 after all the GIF files when I saw the first JPG files. Those who are that old forgot about that moment, didn’t you? And it also gave me the idea that could get the streamers over 50 million subscriptions. Doubt faded and it will for the other idea too. We fight to prevent the ideas to die, but a good amount of doubt keeps the idea strong and that is the stage where I am now, I merely need to convince someone high up in the Tesla Pi department that there is a place where other phones are not looking, or they decided to dump the idea and I believe that there is a market and when it takes off the others will fight to catch up, but they will lose a year, so how to push for the idea that will make that idea fly? And jewellers are the first step. 46,776 Jewellery Stores businesses in the US as of 2022, EU jewellery industry includes some 27,850 companies and whilst we crunch those numbers and we see that there is a little decline in that market we need to realise that those around have their own doubts, they also fight for survival. It might not hinder the larger players like LVMH who declined 17%, Rajesh Exports grew and processes 35% of all the gold produced worldwide, Chanel, Chow Tai Fook, Cartier, Signet, Tiffany and a few more. These larger players might not need that new idea but do you think they stay behind when the idea takes off? They are in it for the numbers and some might have merely declined only 0.41%, but that is enough to set up all the lights and markers, my doubt is not doing well when I see the opportunity as it is and when I saw the Line presentation. A place with 9 million people all in a stage where presentation and representation is key and there my idea will find a voice box. One building with a population that equals London and is larger than Sydney or New York. Yes, my doubt is fading and it is merely one of at least 3 ideas that could find its way there. There is a place where Ideas die, but I feel that I can void that place a little while longer, especially with the Kingdom of Saudi Arabia making these kinds of turns and when it starts there the other places can follow or fade. You see, a place like Monaco gets 159,000 tourists and it has as one source stated a mere 128 jewellery stores. So my idea is doing just fine and the idea works 24:7. But I need not worry doubt will come again and test the ideas I have, for now I can see that Andy Jassy and Sundar Pichai have no idea what they are missing out on and it is only half a billion a month, optionally a lot more. So Tencent has options as do two other new players.
Yup, I saw a truckload of that. And to be fair, there will be a lot of envy out there. I am not sure if they are ‘protective’ of Andy Jassy, or if they are just against me succeeding. But there is a stage and it is not on one or the other. It does not state if the US succeeds, than so must I, or if I succeed it is not the stage that the US succeeds too. I have something for sale and the US is trying to sell something else. The question becomes more than the insight of Andy Jassy. You see I left the crumbles of evidence all over this blog. If he cannot figure out what I saw than that is OK, he merely needs to see if I am a BS seller, or if I have the diamond in the rough and that setting of a minimum of $500,000,000 a month for months to come, optionally longer for a mere $50 million (post taxation) is almost a dream that is too good to be true and that is merely ONE part of a much larger pie. In my defence there is more to come. You see for me the stage is now almost optimally set. With Tencent entering the streaming stage I can sell to either, I prefer Amazon for a few reasons and it that reason is linked to my other IP. But the US and its China fears are working for me. And the calculation is rather simple. Hand over 10% for a significant slice of that pie, or watch the pie go to China a stage that Andy Jassy and his friends (Amazon Military) as well as a few other settings is not what they want. There is a small chance that Amazon might want a partnership with Google because when these 50 million subscriptions double or even triple, Amazon will see resource issues and sharing the pie with Google might be a better option than seeing things go wrong. In this Amazon should select Google, because Microsoft will merely screw things up. It is like watching a chihuahua yap “try Azure, Azure smells nice” and we have seen too much yapping from that dog (or that colour). And this part needs to go good, because as some might stare at that Saudi Story of a near unimaginable building. There is a lot more at play and I hate to be proven correct that Microsoft ends up fouling up my IP, thank you very much.
We see “The announcement reveals the most important characteristics of THE LINE, which is only 200 meters wide, 170 kilometres long and 500 meters above sea level. THE LINE will eventually accommodate 9 million residents and will be built on a footprint of 34 square kilometres, which is unheard of when compared to other cities of similar capacity.” But I also realise that my 5G IP could be a game changer there, and as that building becomes a new hub of technology there will be additional needs all over the stage and there I see more than one presonal IP flourish, so yes I am eager to sell to the party that gives me my list of needs (a mere 5 items) as well as the amount stated. For a person like Jassy most of them require a mere phone call and merely two items require the use of a corporate credit card (read: actions by the CFO nearest to him). All that for an amount that is nothing to what will be gained? 90% of the companies in the world never get an option like that and for me, I can wait, Tencent is coming and they are hungry for revenue and half a billion a month is a very appealing piece of pie. I personally always believed in the long game, the long game requires an adjusted point of view. I hope to be proven right, anyone would. Yet there too, a set of several IP’s coming into play at the near same time is massively fulfilling and I try to keep a cautious view, over enthusiasm is also dangerous. But months ago my plans were in motion even as I knew nothing of that line. It is merely another piece fitting a kinetic puzzle and more items will be in play and more items will give power, style and curiosity to a structure I had no knowledge of, as such the Kingdom of Saudi Arabia becomes the 4th party that might be interested and they have a few irons that could connect. As I see it the long game becomes a rewarding one (and in time for retirement). It could mean that I retire 5 years early. But then I am a workaholic, so I might not take it quietly.
But I am exited and slightly too eager, I reckon any coach would be to see the end game approach and winning is a mere point away, it is the killing moment of ones soul. I get that, but I need to refrain from giving too much away, one IP relies on that part to cash in.
It seems odd but it is just like ‘Biden adviser: Saudi Arabia and UAE have “more to give” on oil production’ and the answer on both settings is ‘Why?’ You see I have the answer for Andy Jassy, but the response could be ‘And?’ and in this the Biden Adviser should be prepared. For the longest time the media and others they ALL avoided the number one question.
If the US has such a shortage, why export 78% crude oil? And no one looks at that. They all go with the setting that the Middle East should export oil cheap. But why would they do this? In my case I have IP bundles, one could sell well over 50M subscriptions, one bundle has the ability to set an income of $2B-$3B (some risks are involved), and all that for $50M and 10% of the IP and sales value, a good deal, but the US is not offering anything like that to either Saudi Arabia or the UAE, are they?
So when I read “McGurk said oil prices have already gone down after Saudi Arabia, as the leader of OPEC+, took initial steps to increase production several weeks ago, the sources said. McGurk added that the Saudis and the Emiratis “have more to give” when it comes to oil production.” In this my question to White House Middle East coordinator Brett McGurk would be “What have you done for them?” Why would they sacrifice $324 million a day for empty gestures? You need to come across in this case, if not, they can just wait and even reduce their production by 1 million barrels a day and wait for prices to go nuts. We see all these empty articles (at https://www.axios.com/2022/07/27/saudi-uae-oil-production-biden-gas-prices) with think-tanks and Ukraine references, but Russia has its own oil production, so the setting is a little empty. And until the US really makes an impression on Saudi Arabia showing that the Kingdom of Saudi Arabia is regarded as a real ally, the August 3rd talks might not have any results. And in this Saudi Arabia and the UAE still have the trump card question: “What are you doing about the US export of crude oil?” It is the question no one in the White House wants to face in public and the media have been circumventing that question for a little too long. Because the US has every right to demand reduced export for local considerations, but that is not likely to happen is it? So why not import additional oil at $109 per barrel? Too expensive? Why is that? That is the Brent Crude price, so what is stopping them? I reckon you know the answer to that and both the UAE and the KSA have handed over billions in oil for a mere empty hand, with gestures and no actions, doubt that? Consider Yemen and rethink that position. The USA has had the light touch for too long and now that the gloves come off we see the cry stories and the media is every bit as guilty here.
So whilst we think it is all the fault of the middle east, consider who gave us this stage and consider that the US has had every bit of benefit for far too long and the actual owners of the oil are now setting the stage and the White House is not ready for that game, not in the slightest.
There is a larger field, a larger oil field if you wish. And the people aren’t getting it. I get it, it isn’t an easy equation and it is not really your fault, because the media is guilty as hell in all this, but lets start at the beginning (well, some kind of beginning). One such headline is ‘Oil trumps human rights as Biden forced to compromise in Middle East’, it is one way to look at it, but it is the wrong way. My headline would have been ‘Greed is eternal at the expense of everything else’. The point here is that we get to see a few sides that the media is not giving us. It starts with the oil and that part is a lot more important than you think it is. So lets take a look at the three nations and the barrels per day they pump.
United States
11,184,870
Russia
10,111,830
Saudi Arabia (OPEC)
9,313,145
So America pumps out a lot of oil, now it makes perfect sense that they will not deal with Russia, but it is at present still an unequal information package.
You see the United States exported about 8.63 million barrels per day (b/d) and imported about 8.47 million b/d of petroleum. And now you think it does not make sense. So lets just say that the US is selling oil at $50 a barrel and buys it at $35 a barrel, so they get 8 million (rounded) times $15, is $120 million of profit a day and that amounts to $43.8 billion a year. Profit they basically got for free. The Kingdom of Saudi Arabia is not willing to give away $43.8 billion after the way the US treated the Kingdom of Saudi Arabia. There is just so much any person will take and I reckon the Kingdom of Saudi Arabia has taken enough of the treatment handed to them. So the US instead of catering to self sells 73% of all the oil they pump, so why should the KSA after the way they were treated cater to that situation? Even an alternative that the us keeps 50% of their sales, they hand the KSA 50% it might be seen as a compromise. The US could stop selling 2,500,000 barrels a day and cater to its own needs, but the profit of some are not easily swayed. They are seemingly willing to let the US population freeze to death (or boil to death). And these numbers are out there, the media has had them for the longest time. All these BS articles on going crude oil free whilst the US is selling 73% of whatever they drill. Seems a little hypocritical, doesn’t it?
That 73% does cater to 176 countries and 4 U.S. territories, no one denies that, but the profit goes somewhere and not all of it to the US coffers owned by the US treasuries. Someone is getting rich and the media is happy for you to be in the dark about it. Ask yourself “How many media outlets have given view of the amount sold? Why is the US short on oil whilst the oil harvested goes somewhere else?” I get it, there is a need for profit, no one denies that, but we see all these articles that imply and suggest that the Saudi’s are the bad paty whilst the US is trying to get cheap oil so that they can sell it at a profit. And believe me, when we change the prices of the earlier given $50 and $35 into the real numbers the equation changes really quick and the numbers become exceedingly large.
So why should the Kingdom of Saudi Arabia hand over profit that they are entitled to? Did you honestly think that Aramco was some non profit organisation? If it is it will be non profit for Saudi Arabia and its citizens, not for the US and their citizens, or the 176 countries that they could cater to. And the media does not really give you that, do they? So when the Guardian gives us “Brent crude hit a 14-year high of $139.13 a barrel in March, fuelling global inflation and a worldwide cost of living crisis. In the US, inflation is at 9.1% and accelerating, which is likely to translate into lost seats for the Democratic party in November’s midterm elections.” What happens when they sell 2.5 million barrels a day less and let that go to the US shortage? The equation changes by a lot does it not? 29% less sales will be felt all over the US and by Brent in particular, so why exactly does the Kingdom of Saudi Arabia need to play ball with the US, especially when China is exceedingly courting Saudi Arabia for all kind of goods and when I see the revenue setting of 375 billion + 530 billion that the Kingdom of Saudi Arabia is spending on improving Saudi Arabia, there is every setting where the US has overplayed its hand and China is now in a premium position to get their revenue balls rolling. A setting I warned about before Covid before 2019, there were courters in the field and when that overpriced US plane wasn’t going there, China could sell the Chengdu J-20 at a nice price to Saudi Arabia (I admit I was trying to get my foot in the door and make a play for a simple 3.75% commission), and when you consider that this bill might go up to 15 billion, my 3.75% makes for a nice half a billion (we all have overly big dreams), and merely to play the courier? You have got to be kidding, I am so ready for that part!
But this was about oil and the US played the wrong hand several times over (like shaking hands with air) and now Saudi Arabia and especially Crown Prince Mohammed bin Salman Al Saud might feel that the US played them for a fool and the problems start when the US could not afford problems. A stage where we see that Brent Crude is not so innocent and the media should have been on top of this, but I will let you people decide how that should be seen.
Yes that is at times what we face and it was weirdly enough Yahoo News that got me there. Their article ‘Biden’s Saudi Arabia trip denounced as ‘frightening and enraging’ by dissidents’ (at https://au.news.yahoo.com/bidens-saudi-arabia-trip-denounced-as-frightening-and-enraging-by-dissidents-140526416.html), and yet the small part ignored is that a dissident is a person who opposes official policy. So as the US is trying to make nice with the people they need, they are hindered by the people they do not need. So when we see “the street was in front of the Saudi Embassy, and its new name was Jamal Khashoggi Way.” So in all this, how much hay is being made by a nation (Brazil) where 100% more journalists were murdered in the last week? There is a lack of the 78 million articles, a lack of some CIA report (via the UN) that it is highly likely, there is a need to paint one person white, the other person black and hoping that no one will notice that Al Jolson was not African American. That is a stage we see, that is a stage people play for and we are caught in the middle. You see, the report was dubious in a few ways. It does not make the Kingdom of Saudi Arabia innocent, but it clearly shows that Crown Prince Mohammed bin Salman Al Saud is not guilty. And this all takes a harder sharp turn because the person no one (well almost no one) gives a hoot about was a columnist for the Washington Post. And the setting merely escalates from there.
So as we see the pressing need for the US to postpone its dollar default for as much as possible, it needs business with the KSA (it is close to the only one who can afford this), they need the oil from them to be cheaper, because the US does not have enough and they all need it yesterday and the people who opposed official policy are trying to make that impossible.
I have nothing against dissidents, some are validly so, some are to make a quick buck and get out of the mess they were in. That first group needs consideration, yet beyond them getting out they need to realise that if the dollar defaults they could end up back in Riyadh and how will they fare then? So now we get Bethany al-Haidari of the Human Rights Foundation, who gives us “Now she is worried that Biden will be sending to authoritarians around the world the message that political expediency trumps core conviction. And while that may always be the case in the world of realpolitik, the images sure to emanate from Riyadh will starkly contrast the divide between American values and practices.” It is a valid point, yet the validity is under fire from the setting of values and practices where social commitments have lost to the profits of big business. And the US government is not innocent here either. I spoke out about the essential overhaul of tax laws 24 years ago, they all called me crazy, it would sort itself out. And now? The US national debt has surpassed the $30,500,000,000,000 They are now well over $5,000,000,000,000 past the point of no return. At this point they need to reduce debt by $500,000,000,000 per year and it would still take 3 generations for the debt to become manageable. What do you think will go out the window first? Values or practices? A setting where the larger gain for the US will be Elon Musk, they know it and that is why they hate him. Mobile and energy power in the hands of one man, one man who is seemingly a lot more clever than Bill Gates and Larry Ellison combined and one generation later. The politicians are scared, they opened a door they refused to close and now they are setting down with a mess all over the place, because they could not adhere to values and they are left with the practices that re out there at tax laws that are still unadjusted.
The USA is about to become a mess for well over two generations and the media is silent, because they want their digital dollars, it is all they have left and it does not adhere to values, merely to the painting of flames and flaming targets. Elon Musk can wait until desperation takes over, Google, Amazon and IBM can wait and over that time Microsoft will merely become more desperate to spin their failures. Big tech in a world that merely adheres to the practices that they can adhere to for their board members and share holders. That is the world that needs to appease to either Bethany al-Haidari or Crown Prince Mohammed bin Salman Al Saud. I reckon that the Bethany al-Haidari in this world are figuring out that they will be getting the short end of the stick, one that was handed to big business, not merely big tech. And Biden might be the last president before the Dollar buckles completely and the US becomes a third world nation.
Are you depressed yet?
Good, you need to see what is coming and for the longest of times, even as the media is trying to spin that all is well, all is not well and all is getting worse. As I stated, I do not give one hoot. It was clear to me when I saw the UN report that this was a hack job, that this was a well articulated magician’s trick and in the end how much visibility did we see on the 42 murdered journalists in Brazil? Journalists, not some columnist. And that is before we realise that Turkey has it own skeletons in their closet and when that gets out in the open we see the media is not indifferent, it is and has been actively hostile towards the Kingdom of Saudi Arabia, as such the Kingdom of Saudi Arabia can take its time and wait and watch the US go under one step at a time and at present quicker than several months ago. That is the reality, that is the impact of what some call realpolitik. It sounds nice on paper, but realpolitik is all about the practices, especially those who bring profit, values be damned. But the people who are lulled to sleep will see and face that part soon enough.
So consider what you read and do your own research, do not take my word as gospel. I try to be as honest as possible, but I too adhere to practice more than value. I accept values and I admire those fighting for values, but in a place with 30 trillion in debt values will not last long, because every politician will see revenue as for the good of all and in that world people like Elon Musk are the options of tomorrow and no one has a better plan, because when that was an option the flaccid politicians saw it was easier to call me (and others) crazy and not in touch with reality, and that was not that long ago, these same people will now hide behind “It is difficult, it is a complex situation”, you tell me how I could see what was coming and I do not have an economy degree. I have three degrees, none in economy.
Yup a wordplay and it is not the only one I have, but it is one of the less ‘hurtful’ ones. In the first, I have a republican mindset, I have always had that. I oppose Trump in all its glorified stupidity. I believe the US lost a great man with the passing of John McCain and I think the republicans wrongfully stabbed Liz Cheney in the back on the words of a bully, but we will have a reckoning on that later. Today we start with SkyNews who gave us ‘‘Morally bankrupt’: Biden ‘humiliated’ by Saudi Arabia and oil companies’ (at https://www.skynews.com.au/world-news/united-states/morally-bankrupt-biden-humilitaed-by-saudi-arabia-and-oil-companies/video/5819a070a892b5de3db7a8f259bff9c6), now granted the news is 2 days old. I wanted a little time to mull things over, but the text as given by “The president said it’s “unacceptable” that oil companies are making record profits during “a time of war.”” Oh? America is in a war? Who are they in war with? With their ‘proud boys’, with their failures? The list goes on and it is not a nice list. They gave the power to Wall Street and Wall Street ants ledgers, not excuses.
Marathon made $69B in 2020, that was their operating income, Their Net profit was $9.9B in 2020. Valero might have had a larger revenue $117B (2018), but a much lower Net profit which was a mere $4B (2018), Exxon mobile was the bigger player with $276B (2021), yet only with a Net income of $23B (2021), less than 10%. Are they corporations? Yes they are! They own responsibility to their shareholders and 10% does not add up to much and the statement of “record profits” does not add up, well not completely. You see Biden was handed a bad hand and the Russians gave that to him, so to see him blame American companies is one failure, to nag and bitch to the Kingdom of Saudi Arabia after he vowed to make them a pariah on something lacking clear evidence is a second failure. None of these players owe him, or the American people anything. This is the setting of a commodity driven economy. Consider the list. The US is one of the top three oil producing nations, so why is all that oil squandered? Why did the presidents (all of them, Republicans as well) not halt the consumption of oil? Why was something not done 20 years ago? I have articles spanning back decades on this folly. In 2015 Americans told me to shut up (fair enough), but now they do not get to scream!
They can have ice cream (to soften the blow) but not whinge and whine.
You see the problem is so much larger, and the US is part of that problem, it was never part of that solution. In 1999 crude oil was at an almost all time low of $19.35 a barrel. The cost was so low that oil providers started to shut down, the only time is was lower was in July 1946. Oil has had a rollercoaster life with tops in 2008 ($187) and April 1980 ($142), so as it is now at around $114 I would say “You ain’t seen nothing yet”, oh and before I forget what wars were the US in in 2008, or 1980?
No, as I see it when you decide to hand the reigns to Wall Street, you cannot ‘yap’ like the little chihuahua. A commodity driven economy does not care, it does not care that your granny is sick, that the dog ate your homework, or that the mistress will not have sex with you as you only bought her a Microlino instead of a Dodge Challenger. All parts a commodity driven economy cares nothing about.
And Saudi Arabia? They need to do what is best for their country, not what matters to their greed driven customers. Does it hurt me? Yes it does, but that is the world I live in. I do not control oil, I do not control wealth, as such I am its plaything just like anyone else. As such SkyNews has a point with “US President Joe Biden has been criticised as “morally bankrupt” and “weak” in regard to his energy policy after it was revealed he is planning to visit Saudi Arabia to discuss the global oil crisis.” Yes, it is one way to look, but if he cannot control the American people who are eager to dig a deeper grave by the day (they are almost deep enough to say ‘Nǐ hǎo’ to the Chinese people) and no one in the US is stopping the need for oil, higher prices is where it will be. A simple setting of Supply and Demand.
It is getting worse, less than 3 hours ago we were informed (by Reuters) “Egypt and Saudi Arabia have signed 14 agreements valued at $7.7 billion during a visit to Cairo by Saudi Arabia’s de facto ruler Crown Prince Mohammed bin Salman” in addition there is “the establishment of a $150 million “pharmaceutical city” by Egypt’s Pharco Pharmaceuticals in Saudi Arabia” That is the true benefit of being a true ally to Saudi Arabia, a setting now starts that will cost the American coffers billions, just as I predicted will happen in 2016, 2018, 2020 and now we see the first (or second) impact in 2022. The US pharmaceutical branch in Saudi Arabia will lose power, Egypt will rise. Egypt will offer services to the Kingdom of Saudi Arabia for billions, those billions are lost to the US and the EU. This is the impact of a failed policy that never had any strength to begin with.
So in all this, the administrations of the US (not President Biden) failed its citizens. The administration set the paper tiger in motion that looks nice, but when the people around it know that this tiger is paper (unlike the one below)
There will be a lack of reaction, a lack of adherence and that is when we realise there was never any need to adhere to anything. So the American people pissed off the KSA and Elon Musk (both energy saviours). So how exactly was that letter anything but a bad idea even before it was written? I see it was a desperate act of an administration that saw its fuel policy go to $5.87 (from $2.17) a rise of well over 100%. We get the desperation of the letter, but the expectation of success is equally laughable. As such what is the letter anything else but an admission that bankruptcy is merely just around the corner? When this all comes to blow the larger setting will come into play and there Wall Street will get to learn the lesson that absolute greed has merely one direction and it is not a good one, but those in Wall Street will have packed up their 8 or 9 figure balance and they will have headed for a zero tax shelter with warm sands and warm beaches. The rest? Well good luck to them. Oh and do not forget winter (and the need for heating fuel) is a mere 17 weeks away now.
Lawrence van Rijn - Law Lord to be 