Tag Archives: Liz Chaney

The Jamocratic joke

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. 

And we were given a list of the oil companies

Marathon Petroleum, Valero Energy, ExxonMobil, Phillips 66, Chevron, BP, and Shell.

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. 

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The shame ride

We all have these moments, we feel ashamed for choices made, even though we know it is not our fault, even as we see that proper examples of our choices and believes are out in the open. The larger stage is as shown a corrupting view of disbelief and exaggerated view that cannot be fact checked, and when they are shown to be not true, the people paint over that setting with a brush as fast as possible.

I am a Republican, I have for the most always been proud of that. The Democrats want some version of a nanny state, they want to tax the rich, but they are really adamant on NOT rewriting tax laws so that we all pay a decent amount. Any law in that direction will be crushed by lobbyists and other options and it comes from BOTH sides of the isle, both Democrats and Republicans make noise in the tax direction and never resolve anything. Yet now, the stage becomes dangerous and there are two tiers of changes on their way, two that have massive repercussions for the American economy 2023-2030. 

It all started with Mitt Romney and Liz Chaney opposing the lies that former president Trump keeps on voicing. The BBC gives us ‘Liz Cheney: Republican ousted from leadership for challenging Trump election claims’ (at https://www.bbc.com/news/world-us-canada-57090202). It has her statement on video, it also gives us “her party could not stand for truth if it upheld Mr Trump’s false claims he won the 2020 election. House Republicans will probably replace her this month with a Trump loyalist.” It is a much larger problem than anyone realises. Even as we see again and again that he stops Tax inquiries (I am speculating that he probably need to hide that he has less than 25% of what he claims he has), we also see the larger stage that the Republicans are now willing to embrace a lie, even if that ends their economy. 

Even as we see “Ms Cheney’s fate was decided in less than 20 minutes by House Republicans behind closed doors on Wednesday morning”, the larger problem is seen with “The ballot was not recorded but lawmakers cast an overwhelming voice vote in favour of removing Ms Cheney from her post”, the lawmakers are too scared for the names to get out, and it matters. 

So what will happen?
Even is those people like Kevin McCarthy make claims that they had it with her. The truth is that soon enough the Republicans will show how much they are done with him and a few others. If Mitt Romney and Liz Chaney Crete an independent true Republican Party, the GOP will be done for. They will clean house and then the little weasels will come running and they need some votes to be unregistered.

There is actually a much larger issue. This is PURE speculation, but I have seen some messages going back and forth and I feel the same way. In the setting that a GOP is based on lies and even worse Trump claims, the makers of new IP will optionally only do business with these American firms if the IP will be registered in Canada, Australia or the United Kingdom. Consider 2,000-6,0000 IP and patents to be filed OUTSIDE of the US. It will change the valuation of the US in a dark way and not a good one. The fact that some will embrace the lie makes a lot of indie developers very very nervous. I personally hope that Google (or Amazon) are two of 4 players that can buy my IP, yet at present I hope that it goes to Canada or the UK. I might pay more taxation, but I feel that my IP will be a lot safer, if innovation is an essential need for IP, there is every chance that the US cannot meet that innovation curve and the GOP is making it worse. 

So even as Democrats are laughing at the tweets by Gaetz and Cawthorn, the larger stage is about to be set and if even just a thousand IP owners register outside of the US, the valuation that goes deep into the billions will have larger repercussions all over the field. Even as sources like Business News gave us in 2017 ‘Yes, IP is the currency of the 21st century’, now consider the 2020 news “IP industries account for 38.2% of the total GDP of the U.S. and for almost ¾ of the U.S.’s exports; America’s intellectual property accounts for $6.6 trillion in added value”, now watch that GDP part fall from 38.2% to 20% or less, do you have any idea the panic that Wall Street will see because they allowed lies to continue? When the added value falls by a third to a half, the US will not be able to pay for the interest of outstanding debt, does it now become clear? The UK, Canada and Australia will have their great days, but when the US falls over, Japan will too, one keeps the other up and even if the US can survive a collapse of Japan, the other way round will not work for a lot of people. 

So as people are taking in the larger stage and hide behind “It started with a lie”, the plain truth is that the US did this to themselves, first by electing that bully in the first place, then allowing him to continue when fact checks again and again showed his claims to be not true. This is not merely me, a lot of judges, judges HE put forward are saying the same thing, the election was never stolen and now the larger plays come into view and it spells a lot of bad new for the GOP and because of that America will see larger downfalls again and again. And the entire Chinese hatred in America does not help either, most IP registered has a 60% chance that Asians are involved, do you think that they want their IP registered in a nation that hates them? And as more and more US Asians are moving to Canada, there is every chance that the IP moves too, or will be completely registered in Canada. 

I wonder how long it will take the government to realise that former President Donald Trump is starting to become a clear and present danger for the nation and its residents. This will be a first for America, no President has ever been such a source of anti Americanism. As such I hope that people like Mitt Romney and Liz Chaney will be able to take charge in whatever form it is. 

There is time between now and 2023, but as things go with 5G, I reckon that the first changes might be visible in 2022, and we are a mere 6 months and 18 days away from that point. As these matters expand, I wonder what a player like Amazon will do, they cannot continue to the degree that they are now when the US economy tanks, it made a lot or profit, it will not accept that it has to trim the fat in all places whilst the US government is allowing a bad situation grow worse, they will have alternatives and that makes for a much larger problem for the US at present. Yet, I am not asking you to believe me, I can wait, and in March 2022 when the signs are becoming clear and the newspapers write the setting, I can point back to this article stating: ‘Told you so!

Well that is it for me, I will await the call from one of the four players, it will be a long wait but it took Rome a few years to build, but I will not wait that long, when the markers are matched, my IP becomes Public Domain, and I will watch the greed driven go nuts because they were willing to put their personal needs before their companies need and that will be nice and visible when my IP becomes Public Domain. Such is life!

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