Tag Archives: Litecoin

The thin ice

We have all been there, whether it was in early years when you were trying to cross ice that was not deemed safe, or perhaps later in life when you relied on a stage where you could not be certain, we all have been there, and so was I, not merely was, I am doing it again today.

There was no doubt that the AUKUS stage was set, it was set and prepared for, the French never had a chance and we need to realise that. We need to realise two main parts here (well actually a few more, but let’s start with two).

The first is the Guardian (not the only one) who gives us (at https://www.theguardian.com/world/2021/sep/17/france-recalls-ambassadors-to-us-and-australia-after-aukus-pact) ‘France recalls ambassadors to US and Australia after Aukus pact’, some newspapers, not all give us “That deal became bogged down in cost over-runs, delays and design changes”, which is fair enough. Yet the US with the Zumwalt and F-35 fiasco’s will have to button down the hatches very clearly to avoid the same disaster projects. The second one is less clear, it is about a united front towards China. I never stated that China was an innocent bystander, they were not. We might not be in a war or a seemingly hostile environment, but there is an issue and the US who has no hope to counter this alone found a way to add two horses, the UK and Australia to pull that carriage towards the China sea. France was left behind and that will have repercussions down the line, yet in all this, consider the media, who are they serving? Which stakeholder are they servicing? Consider the new Collins class submarines, in all the news (from all sides) who have been giving exposure to “That deal became bogged down in cost over-runs, delays and design changes”? That list is not that big and why is that? It was the Weekend Australian of all places that give us “According to informed sources, the costings for Core Workstate 2 submitted by Naval Group were at least 50 per cent higher than the Defence estimate of $2.5-$3bn. This total included completion of the submarine construction yard being built at Osborne North by government-owned Australian Naval Infrastructure to the functional requirements of Naval Group. Naval Group has declined to answer questions on the funding issue — or indeed on virtually anything else — but is understood to have submitted, without success, a much-reduced figure to Canberra.” They did so on the 22nd of May 2021 (at https://www.theaustralian.com.au/special-reports/funding-threat-hangs-over-future-submarine-program/news-story/827aef23757bef95adc822d7acd696ec), Australia and Submarine give us 74 million hits and we needed to get to page 16 of that search to get this information. Whilst a lot are ‘hiding’ behind “cost over-runs, delays and design changes” it was the Australian that gives us the “at least 50 per cent higher” that is not parts of a glass of wine, that is the entire barrel when you considered that the meek estimate of an annual $3bn was offered. I feel certain that political income trimming will not produce the missing one billion and short change. So what gives?

I do understand that I need to be careful, mostly because this is not my field of expertise. Most of my Submarine knowledge comes from Operation Petticoat (Cary Grant, Toni Curtis), The hunt for Red October (Sean Connery) and Silent Hunter (EA Games). They are not the same, and I do fully realise that. We could hope for the involvement of Paul McCartney and if he gets involved we can paint those 12 beasts yellow, but still, not a real solution, is it?

Oh, and for the reality of it all China has at present 74 submarines, so our chances are not great, they also allegedly have a much better fifth generation fighter (Chengdu J-20), so are we out to rumble or show our teeth? In this we are about to order a set of teeth for the price of $75,000,000,000 so we better get it right, being in a nation with 25,000,000 people, it is not an invoice we should be happy about, I get it, it might be an essential one, but that does not mean we need to be happy. 

The thin ice is a dangerous place, it is more than ice that is seemingly missing layers of stability, there is dangerous waters below and even if it is not deep, the hypothermia can be equally deadly as is the deepest ocean. This thin ice we face also hides stuff. It hides stakeholders who decide what we can hear and what we should not be allowed to hear and the media is at fault. Hiding too much for too many, the stakeholders are the media uncontrolled and unregistered set of lobbyists who shape the story we are allowed to see and if fake media wasn’t dangerous enough, filtered information bringers (like breakfast shows) add to the danger, add to keeping us uninformed. I agree with campsite leaders (Mike Burgess, Richard Moore, and William J. Burns) we do not need to know all, I have no problems with that, but they do not respond to stakeholders, the stakeholders are in it for corporate executives and boards of directors, they do not get to dictate us anything. What these people get away with is close to unacceptable and when they dictate our budgets and defence to us, I shiver and I do get worried and a little scared. And the media is helping them!

So we have a few issues, apart from the US Military construction follies, we have a new stage where we become a buffer opposing Chinese acts. I think that the utter lack of working actions by the UN against the Uygurs is part of this, the blatantly evidentially unsupported actions against a firm like Huawei is another. I see in part the accusation against Huawei and the entire NATO collection of jesters have NEVER given clear evidence on how they are a threat. You think it does not matter, but it does. A market where lazy people want to make claims so that they can get some coins whilst they slept through the motion is an invalid act and that needs to be said. It is a clear setting. Corporate executives used (as I personally see it) stupid politicians so that they could steal work orders and sales. A market that they are still likely to lose comes from sitting on your hands. This taints the China setting, and these stakeholders know this. 

If we were to investigate the US national 5G environment, we would learn that 5G at 4G LTE speed is not really 5G. Canada, South Korea and Saudi Arabia have a much better handle on that. 

So let’s make sure that OUR National defence is properly set up. Are nuclear submarines the wrong choice? I do not know, I believe that nuclear powered systems have a space and when you see what needs to be done to keep a diesel submarine fed over 3-4 years, a decent case for Nuclear submarines can be made. And let’s make sure the people understand that a nuclear submarine does not mean its weapons are nuclear. I get the distinct feeling that too many people do not realise that. A nuclear submarine means a nuclear powered submarine and we need to see the difference. If that takes away coins from Saudi Arabia, then so be it. We are not here to pay for the existence of Aramco (or Saudi Aramco as it is often referred to). 

Yet underneath it all, I recognise that I am on thin ice. I am not an expert on submarines, or an expert on far east tactics. I do however feel that we all have been watching disjointed parts of information because that is what the bosses of stakeholders seemingly want, We merely need to find out who the stakeholders are and who they report to. If you doubt me, consider the actual news sources, the actual news given and the complete news and wonder what was missing from a lot of them (not all) and also realise that a news article cannot give EVERYTHING, but some parts should not have been missed. Should you doubt that, consider a look into Litecoin and how we are now seeing more and more “the Litecoin creator also said that not much can be done by the Litecoin Foundation about bad actors spreading fake news”, as well as “According to the fake press release on Monday (September 13, 2021)”, a pump and dump action involving BILLIONS implies orchestration, so why is the FBI not all over that? Why is the news smothering events there too? This was not some prank, this got past EVERY filter and check of Canadian Global News until it was way too late. So what happens when it is not merely a multi billion hustle, but what happens when it impacts the national security of more than one nation? Consider that when you walk the thin ice too, the thin ice is dangerous because the weaknesses are below the ice and  below that is water, and often you do not know how cold or how much water there is.

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The accusations begin

The BBC (and a few others) give visibility to a danger that has been around for some time. Yes, they alert us to what is happening and the BBC is not to blame. Yet when we see ‘Fake Walmart news release claimed it would accept cryptocurrency’ (at https://www.bbc.com/news/technology-58545944) we need to wonder about a few things. It might be “The release, published through a legitimate press channel, claimed that Walmart would accept the currency through all its digital stores. Walmart later told US media outlets the announcement was “inauthentic”. By that time, several major news websites and press agencies had spread the supposed news. It is not clear how the announcement made it on to Global Newswire, a service widely used to distribute press material from companies.” And it is an important side. I merely wonder how soon we will get some carefully phrased denial spiced with “there was a miscommunication”, I  will have questions on how thorough the investigation will be, which stakeholders were involved and how Global Newswire got the news in the first place. 

As I expected for some time, there is a larger flaw on vetting information and who is allowed to vet it all. At some point a situation was created where a group of people made $50 per coin where no profit existed and even as we get loud claims on a few sides I expect that nothing will come from it, the exploitation stage is set and it is high time that the media gets a massive overhaul. Even now we can find the Google search on global News, but the link no longer works. Not a clear retraction, the article was merely removed, as I personally see it a stage of manipulation. Over the 17 hours, we see no news on WHO delivered that news to Global News, we see no news (from anyone) on HOW it was delivered. 

I get additional questions when I see ‘Litecoin back to the drawing board as LTC rally culminates’ (at https://www.fxstreet.com/cryptocurrencies/news/litecoin-back-to-the-drawing-board-as-ltc-rally-culminates-202108261526) we also get “On August 16 and again on August 23, Litecoin (LTC) tried to reach the 200-day Simple Moving Average (SMA). Both tests failed and what followed each time was a quick reversal”, as well as “A return to the bandwidth between $135 and $156 looks like the sanest move to attract buyers again” a simple search gave me this info and in this we see a setting where SOMEONE spiced it with fake news. In all this there was no vetting of any decent kind. As I was able to find what I found within 5 minutes, yet Global News spread the news. So whilst the BBC gives us “It is not clear who was behind the fake release, or how they managed to publish it.” It seems clear that Global News needs to get ready for some serious FBI investigations, it might be a Canadian news station and it will go via the Royal Canadian Mounted Police and optionally the CSIS will get involved, but the FBI will take the US side and neither of the three will be played for as fool. The FBI has no real choice in the matter. This is merely part of the larger stage that real media lacks the same credibility that fake news has and that is important, as it will change the stage of News agencies everywhere. When the news becomes nothing more than an exploitation tool the entire Litecoin issue will not be the only one and it will not be the last one. And in all this, there will be a seperate stage for the connected stakeholders. 

And it will not end there, we can accept that Global News acted in good faith, and we can accept that. But it also means that Global News will have to dig deep into its bowels and find out how this was possible in the first place. There are also more questions that Walmart has to answer, yet I wonder if it will get us anywhere. From all parties Global News is the first station of investigation, and I wonder how much interference some parties will throw up and that might be seen in the media over the next few days and that will lead to several questions, none of them good.

 

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