Tag Archives: Mark Carney

May 1, 2025 · 05:00

Marky Mark (PMMC for short)

Yup, the man, the plan and the action. I got to (kinda) know Mark Carny when I named him Marky Mark of the British Bank. The simplest reason is that England sees the need for certain people to be made into pop stars and Mark Carney fit that bill. When Brexit was going on, I was for a long time on the fence and what I read (hat he evidently said) put me square in the Brexit field. He did nothing wrong, he made no promises, but together with the actions of Mario Draghi I held in mind that Brexit was the only way for England to get things done. Let’s not forget that the desperate political moves of the other nations is why in part things went from bad to worse for England. It showed to me that the EU was petty and vindictive, but in all they never set a foot against Mario Draghi who became Prime Minister straight after that. Mark Carney did a good job (better then most I reckon) as such he has my respect. So now it should become Marky Mark of the Canadian side of the Commonwealth. Yet Canada is not so much on the pop star frame of mind, so Prime Minister Mark Carney it is. 

So, what is going on here?
Yesterday we saw the BBC give us two parts towards the setting that Canada is facing and after giving my issues with America these last few days, but is time to set the view to the Northern Border, the homestead of the Maple Leafs and the place where Ice Hockey largely shines. In the first article we see ‘Carney wants to lead a G7 fightback on Trump tariffs’ (at https://www.bbc.com/news/articles/cx27d89z0qdo) which is much better then Prime Minister Anthony Albanese giving us that he wants to ‘talk’ about exemptions on trade barriers (good luck getting reelected in two days). Here we see “The global significance of Mark Carney’s election as Canadian Prime Minister is he now sits at the centre of an alternative pole of global economic thinking. Everything but Trump. There was a half expectation here that Carney would immediately sue for peace with President Trump when the polls closed on the election. It has emphatically not happened.” That is the making of a real consigliere (in stead of a counselee) and he is the consigliere of Canada, the one nation who has been bringing the fight to America (being called the 51st state helped), the bulk of the people think that polite is a form of appeasing to bullies and perhaps it partially is, but America crossed the line and Canada had enough of that and the rest of the Commonwealth (mainly me here) agree. As we see a larger Commonwealth uniting we now see the larger impact (and my personal favorite thought is that FiveEyes, will soon be Commonwealth Eyes, the intelligence alliance consisting of Australia, Canada, New Zealand, and the United Kingdom, now without the United States). My second thought is that this will push the corrupt all over the world to the top as America will scramble to not be blind to the situation, which means they have to overspend a lot. Still, PMMC (Prime Minister Mark Carney is too long) gives us “PMMC is also very adept at understanding the nexus between markets and headlines. He made a number of announcements as PM about rethinking the purchase of US fighter jets, slightly changing the purchases of US government debt, all of which would have quickly focused some minds in the US” which might not be bad, but I reckon that the Commonwealth needs to come across uniting behind Canada, to offer whatever America did and take America out of the equation for the whole of the Commonwealth. We need to realise that India is a powerbroker of retail power and we aren’t using that enough. In addition Canada can fuel our oil needs replacing America even more. The plus for the others is that all the consumer needs for Alcohol will be fueled by its Commonwealth neighbors, I wonder it we have the automotive parts that Canada needs, so that they can continue work without skipping a beat. The UK has shipping (to a degree) and here the connection with Europe becomes important, which allows Canada to remove more of American influence. The simplest setting is that you cannot tariff what isn’t there and even as we get the quote “Underpinning this approach is absolute conviction that the US is making a mistake that will primarily and visibly backfire on itself, its companies, and its consumers. The fact the White House is attacking Amazon for “hostile acts” in publishing tariffs is a cast-iron example of this. President Trump’s gun is pointed primarily at his own feet, the thinking goes.” Whilst Canadians own PMMC gives us ““We’ll have a partnership on our terms. There’s a win-win possibility there, but on our terms, not on their terms,” he said. A key part of that is forging new strategic alliances elsewhere, with Europe, and the UK. “One would assume” that Canada and the UK could do a free trade agreement that has been stalled, he told me. Co-operation on defence and Canada’s abundant critical minerals is also on the table. He also dismissed President Trump’s territorial ambitions not just for his country, but Greenland and Panama too.” I would like to offer that a setting that a free trade agreement with Australia and New Zealand should be pursued (if it does’t exit) as these two brothers of Canada is only separated by the Pacific River. A nice thought is that this could fuel the passion of the Hawaiians to become truly independent and here Australia and Canada might be of assistance (for me the giggle point is that it allows America to become 49 states) and that is hilarious as it directly backfires on Trump, a new setting he never saw before (he has missed a lot in the last two weeks). But the BBC saved the best for last ““America’s leadership of the global economy is over” and that was a “tragedy”. Implicitly, he is saying, with the help of the rest of the G7, he will step up. And by an incredible quirk of fate, it is he who will host the G7 summit in Alberta in June, just days before the expiry of President Trump’s “reciprocal” tariffs pause. Will Trump attend on the land he both tariffs and covets?” As such it is nice that PMMC is on my page, I mentioned that America as a global economy leader was over close to two years ago when the debt crossed the point of no return and with revenues faltering the good ship lollipop (oops America) is drifting straight for the abyss, no anchor on the planet will stop that move. As I see it as we (Australia and New Zealand) increase options for Vancouver and its harbors will increase, which will fuel work and better options. So with the G7 and Canada, All roads lead to Kananaskis in the middle of June and as such it is time for the Hockey ignorant population to meet the Calgary Flames.

And this is merely the start, as such I present to you the second BBC article (at https://www.bbc.com/news/articles/c14xydjzn5eo) giving us ‘Canada will deal with Trump ‘on our terms’, Carney tells BBC’ (my mind still goes ‘yay Marky Mark’) and here we see “Canadian Prime Minister Mark Carney has said his country deserves respect from the US and will only enter trade and security talks with President Donald Trump “on our terms”. Speaking exclusively to the BBC as the polls were closing, Carney said he would only visit Washington when there was a “serious discussion to be had” that respected Canada’s sovereignty.” Which is probably better then my thought to take Hawaii away from America, but I am willing to kill the bear to save the salmon and I never had any use or respect for bullies. And with ““The leaders agreed on the importance of Canada and the US working together – as independent, sovereign nations – for their mutual betterment,” the statement reads.” Which is why he is PM of Canada and not me (I am also not Canadian, so that helps) as I was willing to throw America out of Five Eyes to make his reconsider the huge mistake he was making and as the bulk of the Commonwealth is furious about the tariffs I thought I could get this stage ‘my’ way. So as the one we love to [censored text] gives us ““The election does not affect President Trump’s plan to make Canada America’s cherished 51st state,” White House deputy spokesperson Anna Kelly said.” A setting that was dung, stupid and shortsighted all at once. And now with Mark Carney, this might go pear shaped in a short time. You see, it is true that “Canada accounts for a much smaller 17% of US exports.” But what are the numbers with the United Commonwealth nations of the world? Add the UK, Australia and New Zealand to that, how large is that number becoming? Logistical retrenching tends to be expensive and the Commonwealth is willing to go there as we are fed up with the bully (optionally bullies) on Pennsylvania Avenue and in our case, the business case needs to be done. The UK has a massive debt and when America falls the EU, UK and Japan are next, fortunately Japan is on that very same pacific river, so we have options that work for use come to think of it, so is Hawaii and wouldn’t it be nice to have them unite in this partnership? (My giggling way to loud).

So as we read the end of the article with “Canada is also America’s largest foreign supplier of crude oil. America’s trade deficit with Canada – expected to be $45bn in 2024 – was mostly driven by US energy demands.” Wouldn’t it be great if its brethren get to work on that deficit with local products in exchange for Canadian oil? It’s up to the PMMC to see if that fits the bill (I lack accountancy skills), but the idea has merit (a quote from an iconic Arabian person). 

Have a great day. Today I am treating myself to a slice of Tiramisu.

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April 30, 2025 · 04:03

Omitted resources

That is the exercise of this morning. As Reuters treats us to a story (at https://www.reuters.com/business/energy/uaes-adnoc-supply-us-lpg-india-following-china-us-tariffs-sources-say-2025-04-29/) giving the reader ‘UAE’S ADNOC to supply US LPG to India following China-US tariffs, sources say’ A setting I saw coming a mile away. As we are given “The move will enable ADNOC to ship more of its own LPG to China, where buyers are paying higher premiums to replace U.S. supply after Beijing imposed steep tariffs on U.S. goods, and reduce LPG costs for India, the world’s No. 2 importer”, so I saw this and the high payed economists in America did not? In my story ‘War of trades’ (at https://lawlordtobe.com/2025/02/01/war-of-trades/) I gave on February 1st (almost 3 months ago) “We set the same to India who exports oil to the United States. Set that to Europe (to a much larger degree) and all its Commonwealth allies and America suddenly gets a much larger problem. Well they can import it from Venezuela and Russia I reckon. So, how is that going now President Trump?” This setting was oil and it was from India, so now we see that the UAE is replacing America with India as a new destination. So for America it is no longer about revenue, it becomes a lack of resources as the UAE is now shipping more of its own LPG to China (via India). It is the cumbersome situation involving tariffs. It almost seem like a new puzzle game, not unlike mixed currency deals on the internet. And now (as I see it it) America is losing more than one side in this. So as we read “ADNOC, through its trading units, has agreed to supply some U.S. LPG cargoes to India refiners under the annual contracts from June-July, said sources” as I see it, America is losing tariff revenue that ay and this is merely one step towards a new setting where America is replaced as a resource, and this also means that the political and diplomatic powers of America is dwindling down. In this way the UAE is gaining power both political and diplomatic as India is reassessing what allies they have and who no longer seems to be an ally. In this tariffs will get cumbersome on more ways then one. Soon America is losing additional revenue streams, because this setting is merely a first step. When China sets up new stages with Europe and the Middle East America can go bobbing for apples all they like, but it seems that the apples are being replaced and that sounds a lot like the old premise of murder. Segregation, Separation and Assassination. The stage that we see was made by America, they merely didn’t consider that it could be used against them and as I see it, both China and Russia like the new setting immensely. As I wrote lately that the interest on debt is costing the annual tax revenue to be 15% less, so the belt was already being tightened and now the revenue streams are missing the point they needed to make and another 10% will diminish. So how long until the American economy can no longer afford it? We can believe what Irwin Stelzer (The Times) told us that America’s economy is good. But as CNBC gave us yesterday ‘Empty shelves, trucking layoffs lead to a summer recession in Apollo’s shocking trade fight timeline’, then we also got a few hours ago ‘Port Of Los Angeles Warns ‘Difficult Decisions’ Ahead As Shipments From China Cease’ (source: Investor’s Business Daily) and 17 minutes ago CNBC gives us ‘Pfizer CEO says tariff uncertainty is deterring further U.S. investment in manufacturing, R&D’ as such, how much more bad news do we need to see before people in media start considering that the economy of America has gone topsy turvy?

And in the meantime as the Commonwealth is strengthening their walls the group of five might soon have one less member (yes, it is America). As such the new costings for the CIA will drastically alter and as the NSA is equally losing access to international intelligence the stage becomes how much money is America willing to pay for less reliable data? 

As such we get a new stage of omitted resources. America is losing revenue in several settings and the outcome of that is not really visible, but it will cost a bundle. A lot more than the tariffs are bringing in. In addition to that they pissed of the largest ally they had for decades and as such are losing more ‘friends’ as they are equally hurt and these ‘friends’ are willing to row it alone without the two dinghies called CIA and NSA. As such more power, revenue and friends are lost. But feel free to think it is all honky dory. And that changes when oil will g missing, so will America keep on selling their own oil, or is that a new revenue stream that will become largely lost soon enough.

You know, I am hesitant to blame President Trump for this setting. The question becomes who pushed this agenda? Are these elected officials blind, or will we see soon see articles with titles like ‘He bullied us and we were afraid’, I have no idea. Just floating an idea here. And when we have added these facts as well as add the fact that the The Arab Weekly gave us yesterday ‘Trump further strains Egypt ties by calling for US ships to cross Suez canal ‘free of charge’’ the story (at https://thearabweekly.com/trump-further-strains-egypt-ties-calling-us-ships-cross-suez-canal-free-charge) gives us ““American Ships, both Military and Commercial, should be allowed to travel, free of charge, through the Panama and Suez Canals!, ” Trump said in a post on Truth Social.” Its was the only source I saw, so keep that in mind. And the response in the same article was “Egyptian MP Mustafa Bakri criticised the remarks, describing them an “attempt at blackmail.”” Do you still believe that America isn’t close to default on all their loans? I wonder who will survive that 36 trillion bad bank setting. 

So, you all have a possible great day and relax if there is still coffee on the shelves. And don’t forget the former governor of the Bank of England works for the Commonwealth, well, actually he works for Canada, not America. Ciao!

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April 19, 2025 · 18:46

Regarding that joke

It all started with a BBC article a few hour ago. I sat on the ideas that came forth as the story was a mere 21 minutes old and as there is so much hatred towards President Trump, I decided to wait to see what else we were getting. The story (at https://www.bbc.com/news/articles/c20x5xn1g92o) gives us ‘Trump says US will ‘pass’ on Ukraine peace talks if no progress soon’ where we get “Donald Trump has said the US will “take a pass” on brokering further Russia-Ukraine talks if Moscow or Kyiv “make it very difficult” to reach a peace deal. The US president told reporters in the Oval Office on Friday that he was not expecting a truce to happen in “a specific number of days” but he wanted it done “quickly”.” This is quite the turnaround. You see, about a month ago (source: Reuters) we got ‘Trump threatens Russia with sanctions until Ukraine peace reached’, in that time Russia never got any tariffs, not even pro forma and the penguins at McDonald island got plenty. Then three weeks ago (source: ABC News) we got ‘Trump says he’s ‘pissed off’ with Putin, threatens bombing of Iran’ and now we have a situation. You see, the bully talks a lot, but either he has someone doing the work for him, or that person tends to back down, unless he has a superior battle position and America seemingly doesn’t have that, even though Russia is getting slapped silly by the 20th strongest army onboard the planer (yes, it’s the Ukraine). 

This reminds me of a joke, A Masochist walks up to a sadist and say ‘Beat me!’ The sadist in response wrings his hands, smirks and says ‘No!’. Funny as hell and if you get the premise, you get to see who the sadist and who the masochist is in this joke. 

As we are given “Trump’s direct diplomacy with Putin and sharp criticism of Ukraine’s President Volodymyr Zelensky have raised concern among Nato allies, who argue that support for Kyiv must be maintained.” And in addition to that, the Commonwealth clearly stands with the Ukraine in their time of need and America is nowhere to be found. As I personally see it, it is the consequence of being broke. The lack of funds (or the massive amount of debt) is setting the degrees of freedom to nothing. They can merely hope to sing out the setting until the next president comes into office. A setting we all saw coming (even though the media seems to ignore this and merely keeps on shouting tax the rich) and the interested parties who are supposed to keep the people informed are merely shouting that Haley Joel Osment was intoxicated instead of working on the news, the media is pretty much on the discarded bundle of wannabe news. 

The bully always want quick results because it ingratiates his position. The long fight is not for him and that is the setting we need to accept. The Ukraine was attacked, it was invaded and that is seemingly the ignored setting, American politicians are merely duplicating the Russian position that they are in defense of and that is brutally wrong. Canada, the United Kingdom, NATO, Australia all see this. So why doesn’t America? In addition, we are presented  with evidence that Chinese soldiers are now part of the Russian Armed Forces. This was given to us by the Guardian with the headline ‘Ukraine war briefing: Captive Chinese soldiers appear before the press in Kyiv’ and with the byline “Republicans increase pressure on Trump after 35 killed in Sumy, with US president calling for ‘death and destruction to stop’. What we know on day 1,147” 

Screenshot

So as we wonder what is left of the ‘commie’ hating Republican Party, we need to address the elephant in the room. How could things have become that bad. I warned of the dangers of this debt over a decade ago in at least a dozen stories.  It is currently set to “The national debt ($36.21 trillion)” it comes from the source that is called “An official website of the U.S. government” (read: Fiscal data) and the biggest holders of that debt are Japan and China. Did you think the tariff hands against China was a good deal? If they take the hit and push all that debt on the exchange tables, the debt could become a massive setting for America to pay back these IOU’s (also known as bonds) and that will implode Wall Street entirely (as I personally see it), but for Americans it will not be good. As one source told me (and others) “China could theoretically weaponise the US Treasury holdings – by dumping it – meaning that it would sell off treasury holdings for less than they are worth. By doing so, China would then, because of the amount it owns, devalue the US dollar” so what happens when the dollar gets devaluated to this degree? As I see it, it would topple the Yen and the Euro in that same instance as they have trillions of debts as well and the banks who own these IOU’s will go down with the good ship lollypop (aka America). 

None of this is the fault of the Ukraine, but the larger setting is that America is quickly losing the little degrees of freedom they seemingly had and there is only so much that the global setting will accommodate too. Consider that Palantir Technologies Inc. is now a mere (+1.15%), a month ago it was 124.62 against today 93.78 and that was ‘the’ hot ticket, so how many hot tickets are lost and how many firms are considering moving away? Consider that Palantir is still a hot item in the Commonwealth, Saudi Arabia and the UAE. They could seek a setting elsewhere. So as these tariffs bite and some of them will relocate to other places America is now getting the short end of the stick and that is merely one firm, this who cannot relocate will end up losing what they had built over years all because one president thought that tariffs were the way? Reuters gave us a mere 9 hours ago “White House economic adviser Kevin Hassett on Friday said President Donald Trump and his team were continuing to study if they could fire Federal Reserve Chair Jerome Powell, a sign that such a move, a matter of great consequence for the central bank’s independence and for global markets, is still an option.” Yet ABC news gave us yesterday “Donald Trump has hit out at the chair of the US Federal Reserve for not lowering interest rates, stating Jerome Powell’s “termination cannot come fast enough”.” Now, I am not an economist (I’ve said it often enough) and in what universe are the crashing of markets, stocks and bonds reason to lower interest rates? Especially as 36 trillion is in the hands of others? Now, I am no fan of Jerome Powell, but he does know a bit about economics (both micro and macro) and he knows a lot more than I do and I guess he knows (a lot) more then President Trump does. So is the solution by this president to fire anyone who disagrees? Is that the act of a democracy? And in the larger setting (which I obvious evaded with intent) is the setting the Ukraine gives us and what the stage means for Russia versus NATO, because that is where this is heading. I personally prefer the setting of NATO and the Commonwealth versus Russia. In that setting China wants to get a Chinese wall between themselves and Russia as fast as possible. And the likely implications for Taiwan are big and numerous. But that is another stage. With Russia in disarray to the degree that it currently is, Russia must take careful steps because Ursula von der Leyen is no President Trump, she might be overlooked at times, but she is ready for whatever President Putin puts on the table and as I see it, she is getting ready for a possible forced war, as are the larger EU nations. And this will set a new premise as the Commonwealth and the EU possibly unite for this. At that point no one is willing to deal with America and the Americans and with India they might not have to and as such it will become a powerhouse for retail and commerce for China Europe and the Commonwealth, when America is discarded from consideration the American tariff war becomes a larger setting one that they are no longer part of. And there is a setting for this too and as the Ukraine gains 17.1 million km² possibly split with China, where the Ukraine will now have Sevastopol on their Southern border and Zapolyarny in the north, the end of Russia is at that point a near certainty, a nation that started around 862, it becomes the first largest modern nation to end itself around 2030, a mere 1168 years old, which means that they didn’t beat the record of the Roman Empire which lasted 1480 years. 

At that point the end of America seems to become self evident and that lasted a mere 260 years at most. Now that still puts them ahead of Canada, but that place will continue a long time after that because it is part of a Commonwealth and that will continue strong and even stronger as American greed goes under, it is a sinkable context. Still the larger setting for the Ukraine will remain and it will take NATO and the Commonwealth to keep it going, no matter what America does (which isn’t much at present). The larger setting here is the Republican Party, if someone told me 2 years ago that they would be fueling the larger Russian setting, I would have called them barking mad, but the is where we are heading and I personally believe that it is the Debt that America has as the larger premise here. Weird that a Credit Card reading minus 36 trillion would do that. OK, I believe that no Credit Card should ever be allowed to have this much debt, but that was never my call.

What is the larger resetting is what this will push for. You see 340 million desperate citizens will be the larger setting for any bordering nation to be fearful of and that is where Canada might end itself. Is this all ‘wishful thinking’? That is a fair question and I am tempted to say “Yes”, but the numbers are on my side, so I feel uneasy to answer this. I might have made a mistake, there might be some hidden wisdom in President Trumps path, but I fail to see it and the media isn’t reporting on this. If we account for the pauses and knee jerk reactions by President Trump there is little likelihood in any kind of wisdom and I did mention that the media is at present no longer a reliable source. Some are, but the bulk is chasing digital dollars. And with one source telling us ‘Unusual sell-off in the dollar raises specter of investors losing trust in the U.S. under Trump’ gives me the setting that I might actually be correct and the Wall Street Journal gave us a week ago ‘Will the Last Investor to Leave America Please Turn Out the Lights’ that sets the premise that Adobe, Google and Apple might seek other waters, waters outside of America. This is not a given, but these three will chose safety and security before they consider America a safe haven and that could topple the dollar entirely. 

I cannot say who would like that idea, but Russia and China might like that, Russia because the American Defense placement would be disastrous if it is added to the Commonwealth or NATO. China because for them it would mean that their believes in their Chinese Communist Party would have been the right path. There is nothing as satisfying as a defeated enemy that needs to realise that they were banking on the wrong ‘ideals’ and as I see it for America the time that signifies 2030-2075 would introduce a century of hell, worse than the great depression and I reckon a lot more lethal as well. 

So regarding that joke about the United Nations.

“A worldwide survey was conducted by the UN. The only question asked was: “Would you please give your honest opinion about solutions to the food shortage in the rest of the world?” The survey was a huge failure. In Africa they didn’t know what “food” meant. In Eastern Europe they didn’t know what “honest” meant. In Western Europe they didn’t know what “shortage” meant. In China they didn’t know what “opinion” meant. In the Middle East they didn’t know what “solution” meant. In South America they didn’t know what “please” meant. And in the USA they didn’t know what “the rest of the world” meant.”

I get to have the last laugh here. As I had to do a presentation at the UN and I got a nice reward if it lasted over 30 minutes. I started the presentation at 13:35, I started with “So, where are you all from?” And they started, I showed them my five slides and I ended the presentation at 17:55. So, Sergey Brin, where is my ‘nice reward’? 😛

All warfare is founded on deception, as such, what deception is America currently entertaining? Have a great day and a happy Easter bunny to all of you. 

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April 4, 2025 · 23:24

When is the cure worse than the disease?

That is the question that is haunting me. I see ideas in several media and they make sense, they really do. Yet I am still haunted with the ideas in my head, realising very well that I could be wrong. So is it about right and wrong? No, in the first instance it has become about the unreliability of the press. There are too many signals out there. Then the ‘influencers’ came. With their need for digital gratification, digital reinforcement and the other settings, the conspiracy theorists. As some see me as one of those, I offer the idea that I am merely looking for evidence and that requires a reliable press, one that too often no longer exists. Whilst we look at the signals, we often ignore the spreader of the news and the channels they are moved to. 

There are noises that some republicans are deserting President Trump and stop the tariffs on Canada. It is a first setting, but is it enough?

I believe the damage was already done, and whilst you think that this is a joke, consider the other one. 

So, is the joke a mere meme? Is the meme real? Well, the data can be checked and as such why exempt Russia and not Canada? Fentanyl? The data show that Canada is hardly a bump on the scales. Then we get the classification of Fentanyl. According to the United States Sentencing Commission 86.4% were United States citizens. So what gives? According to their statistics

  • Southern District of California (229);
  • District of Arizona (177);
  • Western District of Texas (128);
  • Southern District of New York (94);
  • District of Massachusetts (90);
  • Eastern District of Missouri (90).

As such, the direct route from Canada into the US, we get from Vancouver into Seattle and the state of Washington doesn’t get to that list, which is what I would expect. It can be reached by bridge, the Interstate Bridge to be exact and it takes 130,000 vehicles daily. So as I see it, the numbers do not match the crime and the accusations. 

So what is this really about? In my version is is a distraction on how bad the finances of the United States really are. With 36 trillion in debt, the interest is about 1 trillion a year. We don’t get to much on that do we? So why slap the tariffs on the Commonwealth? The only think that kinda makes sense is that America is on the verge of defaulting its loans and it needs to prevent this, but that idea (the one I am having) is flawed. So is President Trump merely doing a distraction? The reason for this setting is that the press should have been all over this, but they are (by my reckoning) too busy for the grabbing of digital dollars. If the other nations economically collapse America stands a chance, but I agree the evidence to this is flimsy at best. But the other versions are even less likely, still they do have merit. And in all this, Russia gets no tariff? Not even pro forma? It makes no sense to me, but then I was never an economic.

On March 10th the US markets get to write off 4 trillion dollars, so when was that a good thing? As I personally (and possibly wrong) see it, when the markets lose value, the debt of America goes down as well (shake statement), or at least America gets to make deals, because when holding the debt is all that remains, the larger powerbrokers want to hold on to what they can. It gives America time to find a solution (not that there is one). As I personally see it, the real money is in Saudi Arabia and the UAE for staters, but they are the largest jewels in any crown and whilst America gets rid of any competitors through tariffs, their options open up. In the end America gets to compete with the Commonwealth, the EU and China. Three in stead of 30, it makes tactical sense. And the first issue is that all wars are set in deception following that premise the acts of President Trump make perfect sense. But is my vision on what happens right? That is what I wonder about, because I recognise that I might be wrong and the press is less help than usual.

That is merely my view on the matter and as such I stand behind PM Mark Carney and Canada, because Canada is a Commonwealth brother as are the other Commonwealth nations. So feel free to deny my vision, it is OK to oppose this or ignore this. But see what the evidence shows you and take it from there. That is all I can tell you, make up your own mind.

Have a great day, it’s almost Saturday for me (in about 40 minutes).

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April 1, 2025 · 01:46

Accused, Bluff, Carney

It is a regular A,B,C. And at first I let it slide but then I got a response from the most ignorant stupid Canadian on the planet, I kid you not. As such I had to pick this up. 

Mark Carney (formerly known as Markie Mark of the British Bank) is now at present the PM of Canada and there is an election coming up. So now we get the accusation (as far as I can see) from the National Post. A magazine who is on the side off whomever opposes Mark Carney (conservatively minded), and will you believe it, they are pushing for plagiarism, weirdly enough, the article is well written making the setting a larger problem and all the other sources basically repeat what the National Post gave its readers. 

Two stood out
First there is the Independent (at https://www.independent.co.uk/politics/mark-carney-canada-prime-minister-plagiarism-oxford-b2723812.html) here we also see ‘Canadian Prime Minister Mark Carney accused of plagiarism in his Oxford thesis’, now the issues I had was that the accusation came right when there is an election, the larger setting is that this happened 30 years ago and it was at Oxford and academics take plagiarism as the big booboo. As such there is a larger look at Plagiarism (I remember my days in Uni and there is a frightening fear for that word). 

The independent gives us “The accusations were reportedly made by three academics chosen to assess the liberal leader’s 1995 theses for his doctorate by the conservative newspaper the National Post.” More important we were given ““As an academic of nearly 40 years, I see no evidence of plagiarism in the thesis you cited, nor any unusual academic practices,” she emphasized.” This is given to us by Margaret Meyer, an American economist and an economics fellow at Nuffield College in Oxford University. In addition she gives us “Mark’s thesis was evaluated and approved by a faculty committee that saw his work for what it is: an impressive and thoroughly researched analysis that set him apart from his peers” added to that we get “A spokesperson for the Liberal campaign, Isabella Orozco-Madison, called the allegations an “irresponsible mischaracterization” of Carney’s work.” So far, so good. I believe that a thesis would not be unattended for 30 years, not from a place like Oxford. You see, Oxford is surrounded by close to a thousand reporters in any given day, and they have Cambridge looking over their shoulders, just like Oxford is watching Cambridge like a hawk. As I see it, there are issues to some degree and as such we get to the second piece. It comes from 

Where we are given “In my January 2024 blog post, “Plagiarism Witch Hunts Cause Harm,” about the case of former Harvard University President, Dr. Claudine Gay, I pointed out that we appear to be in an era where plagiarism is increasingly weaponized against public figures. Following the resignation of Dr. Gay amid plagiarism allegations, we have seen a troubling pattern of using academic integrity as a political weapon rather than an educational concern.” And this is followed by “There is no singular or universally accepted definition of plagiarism. Oxford University defines it as “presenting work or ideas from another source as your own.” However, interpretations of definitions, as well as the definitions themselves can vary from one university to the next, as I have pointed out elsewhere. In Carney’s case, his doctoral supervisor defended his work, stating she saw “no evidence of plagiarism in the thesis,” whereas academics consulted by the National Post disagreed. One professor, Dr. Geoffrey Sigalet, a political science professor at the University of British Columbia Okanagan (UBCO) stated that the unattributed quotes are “what we call plagiarism.” According to the National Post article, Dr. Sigalet is a member of the UBCO’s institutional president’s advisory committee on student discipline, “which handles cases of plagiarism for the university”. This disagreement underscores the subjectivity in evaluating academic integrity.” With the added question that gives weight to a few issues I have being “Upon reading the National Post article, one question that I had was: was Mr. Carney informed of the allegations before they were investigated?” My issues was that the media could be in hotter waters than they think. As I see it they propagated this setting by basically whaling whatever the National Post handed down to their audience. The added setting given to us is the one why I basically rejected the article, especially as Markie Mark is an Oxford graduate, on a personal note it isn’t the University of Technology Sydney, but they are a larger lead in university educations. And as such when we are given “Investigating work completed nearly 30 years ago raises questions about motives and impact. As I have pointed out previously when I commented on the Dr. Claudine Gay case, “a retroactive investigation into a person’s academic work while they were a student is often an exercise in discrediting someone in their current professional role.”” I basically rejected the stance as I presumed the clarity of the “using academic integrity as a political weapon”, yet I personally would want to call it “abusing academic integrity and misaligning it as a political weapon” A setting that one raised probably in favor of their Conservative Leader (I believe that in Canada it currently is Pierre Polivicious) and that setting we get to the last part given to us by Sarah Elaine Eaton, PhD, a Professor and Research Chair in the Werklund School of Education. She gives us the cherrie of the pie. It is given through “So, Did Mark Carney Plagiarize or Not? The answer is, I don’t know. When I conduct an analysis of text for possible plagiarism, it is a meticulously in-depth and detailed process. I start with the allegedly plagiarized text and I go through it line-by-line comparing it to the original sources from which text has been allegedly lifted without attribution. That can show whether or not there is a potential ‘text match’. There are examples of possible text matches in the National Post article, but they are selective. I cannot make a call on whether or not there was plagiarism based on excerpts. I would want to see the full texts (original and allegedly plagiarized), not bits and pieces.

If we can identify a possible text match, then we need to look for additional evidence. Was this sloppy scholarship or poor academic literacy? For example, were the original sources perhaps listed in the bibliography, but the direct quotations were not attributed in the main body of the text? In the context of the entire thesis, would it appear as though the student was deliberately trying to deceive their supervisor or academic advisory committee. (Intent to deceive is difficult, if not impossible to prove in many cases.)” This is the cherrie as it allows to ask the media to ask these questions, especially the media that merely copied what the National Post gave us. And these publications gave us lacking settings in addition. Who talked to the supervisor of Mark Carney? Who took the questions to Nuffield College, Oxford? Seems like two essential sources for these articles. I see several sources lacking. 

As such I have said my piece and I do not believe that there is a case for plagiarism against Mark Carney. Not because I got the paper (I basically lack economic knowledge), but for the simple setting that a place like Oxford will slap down any student who pushes Plagiarism, intentional or not. Such plagiarism cases hurt Oxford as much as the student. Then there is the timeline. Do you think that the Bank Of England takes on a student who attempts plagiarism? The timeline includes Goldman Sachs (that place is loaded with economy guys) and his work would have been scrutinized by dozens of people and 30 year later, just at the upcoming election someone makes a breakthrough? It smells like yesterdays diapers as Baby Herman told Roger Rabbit. 

Have a great day and enjoy the smell of coffee today.

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March 17, 2025 · 04:53

On the left you’ll see

That is the setting, but is it the difference? You see Canada might have lost Justin Trudeau as the Canadian Prime Minister, but President Trump is about to face his most dangerous opponent ever. It is AP News (at https://apnews.com/article/carney-canada-uk-france-trump-arctic-60993a6e738f797977ef544dc5857ea3) that gives us ‘New Canadian Prime Minister Mark Carney seeks alliances in Europe as he deals with Trump’ and before the ‘loyal’ Trumpetists shout “So what?” People need to realize that Mark Carney was the former Governor of the Bank of England. As such he has friends in very high places and has access to a lot of non official routes to information, A lot more than PM Trudeau ever had. I still think of him as Marky Mark of the British Bank (off the record). As such PM Carney can push new buttons Canada never really had access to. The second setting makes a lot more impact. He was the first noncitizen to be named to the role in the bank’s 300-plus-year history. That doesn’t merely imply that he was good, he was the best the Bank of England could get their fingers on and he was heading the race with more than 5% advantage over number two in that race. 

Another setting (given here) is “Robert Bothwell, a professor of Canadian history and international relations at the University of Toronto, said Carney is wise not to visit Trump. “There’s no point in going to Washington,” Bothwell said. “As (former Prime Minister Justin) Trudeau’s treatment shows, all that results in is a crude attempt by Trump to humiliate his guests. Nor can you have a rational conversation with someone who simply sits there and repeats disproven lies.”” I cannot vouch for that, but the logic of Professor Bothwell is sound. The setting that everyone seemingly overlooks is that the Five Eyes group could become the Four Eyes Commonwealth. That is the larger issue that Trump faces and PM Carney as former Governor of the British Bank will have the UK and its MI5 and MI6 on its side. I reckon these two rascals (aka Sir Ken McCallum and Richard Moore) on his side and with that Australia (Mike Burgess and Kerri Hartland) will accept the new setting. I do not now where the The New Zealand Security Intelligence Service sits, but I reckon that they will most probably unite behind their Australian and UK parts (Andrew Hampton), I have no idea if there is a separate MI5/ASIO version for New Zealand, but it might be a reason to have one. As soon as America is booted of the Five Eyes group President Trump might throw a gasket or two and from then on we face a less friendly CIA/NSA. They don’t like to be excluded from anything. As I see it, they allowed Donald Trump to be elected, so they are part of the mess they created. This is not a given, but it is a possibility that PM Carney can throw for. In the second setting he could start the talks for a replacement for the F35 and the Typhoon is certainly up to the task, as such he could start these talks right now with the BAE. I reckon that President Trump will appreciate the loss of billions (who he’ll likely blame on deepfake intel from China).

As such there is also a need to get trade routes and alternatives arranged for industry losses of Canada and see what Canada can deliver to the UK and EU, who in turn can also be less dependent on America. I think he should also do this with Australia and New Zealand, but that need to happen in a separate meeting (let’s face it, has he ever seen the Sydney Opera House), as such PM Carney might have a pretty filled ball book this march. So in 14 days he can say to Trump “Did you see the Five Eyes report? No? April Fools you are no longer a member.” I reckon that Canadians and Australians share a nice set of dark humor moments. 

So enjoy this winning goal shot America, I reckon you will get this sinking feeling a few times more before April 1st. You pissed off more than merely Canadians in your 51st state setting, the other three are angry as well (even though not as angry as Canada is). President Trump angered more than Canadians. He showed for the first time that the Commonwealth needs to unite. China or Russia never gave us that need before. 

So, you all have a great day and see the fields where the pucks grow, Now we merely need to get Australia to appreciate the game of the puck and the 4 eyes nations to get a new competition started. Who knows in a few years time Australia and New Zealand could also beat America in overtime. #JustSpeculating

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March 16, 2025 · 05:59

Political Dundie Awards anyone?

There is a special award that people fear. It is a lot worse than the Razzies (Golden Raspberry Awards), it is the “Dundie Award for Worst Salesman of the Year” and this year it goes to President Trump. In one swift setting he made the Commonwealth drop America as an ally and in the second setting over two articles the first being (at https://www.reuters.com/world/europe/portugal-wary-trumps-nato-policy-pick-fighter-jets-2025-03-14/) ‘Portugal wary of Trump’s NATO policy in pick of fighter jets’ where we see “Portugal could replace its aging American-made F-16 fighter jets with European jets rather than F-35s following U.S. President Donald Trump’s policy shifts, the country’s defense ministry said on Friday.” And the second one is seen (at https://news.az/news/canada-explores-alternatives-to-us-made-f-35-fighter-jets) with ‘Canada explores alternatives to US-made F-35 fighter jets’, where we are given “Canada is considering alternatives to the U.S.-made F-35 stealth fighters and has begun discussions with competing aircraft manufacturers, Defense Minister Bill Blair announced late Friday, shortly after being reappointed to the role in Prime Minister Mark Carney’s newly established Cabinet.” The F35, which is currently going as hot cakes although each of these hot cakes go for the price of $109,000,000 each. So I reckon that Lockheed Martin is out a few pennies now and in light of the fact that sustainment costs are estimated to be around $1.58 trillion for the entire life cycle, these pennies tend to add up. And that is before you realize that several countries are still on the fence to change their order now. As such we might think that Saudi Arabia now certainly gets consideration as a customer (after a few years of denying them as a customer), yup President Trump really put his foot in that one. The nice part is that Portugal wasn’t a factor until yesterday and now it is costing Lockheed Martin billions. Considering that Norway recently got three of them nearly completing their order of 52 of them bad boys, consider what Portugal is now replacing and Canada is openly seeking another vendor. Of course, the Eurofighter (Eurofighter Typhoon) might have the inside track here. Yet wouldn’t it be the icing on the cake if China with its Chengdu J-20 wins that one? The irony to this  will be seen as howling with laughter.

OK, I admit that it is unlikely to happen, but the setting that President Trump started with the option of gaining a 51st state and now needs to build second wall to the north to keep the dozens of mighty dragons at a walls length. Canadians merely will have to fill the space between the two walls with water and we have a whole new setting movie like setting. I merely ask that they send 10 canoes to every Native American community there is (there are a few dozens), as such we get a new setting. It is as far as I can tell the first time a president became a clear and present danger to its own defense system selling on a near global scale. The distance between Canada and Portugal makes it near global as I see it. A parameter I actually didn’t see happen as a president is there for a mere 4 years and these babies get sold with decades in mind, but there you have it and there is more. YouTube is getting more and more video’s with American shops (Supermarkets and LCBO shops) where alcoholic drinks from the US and groceries from America are banned by the thousands of Canadian customers, this is all adding up. Perhaps the White House could consider pissing off the people with a nationalistic view? As I see it America first is now becoming America dropped first. In the last week we saw headlines like ‘Jack Daniel’s maker says Canada pulling stock worse than tariffs’ and in this case it grows with “Morgan Stanley analyst Eric Serotta said in a note to investors that tariffs would pose unique challenges for Brown-Forman, with the effects likely to linger. He added that 55% of the liquor manufacturer’s sales come from outside the U.S., and bourbon laws require domestic production so it cannot be produced internationally.” And this opens the doors of ‘connoisseur’ of that liquid as they might now explore the excellence of Japanese Whiskeys. A worry that the makers of Jack Daniels never had before. It makes it not a temporary, but a permanent loss. That threat is now at Lockheed Martins door if these nations pick the Eurofighter. It makes a tremendous win for Eurofighter GmbH, BAE Systems, Airbus, Alenia Aermacchi, and DASA. They are now offered billions of new business on a silver plate because of this and that could also mean that Saud Arabia might now set their sights to the Eurofighter as well. The one nation that was fixed on the F35 could now be shopping somewhere else. That implies a loss of planes, support systems and infrastructure spanning up to a new market of up to 283 combat aircrafts. How many trillions will that amount to? I reckon that it is up to five times the infrastructure of Norway, making the RSAF a $6,000,000,000,000 crown jewel for any company. All that lost by trying to force annexation down the throats of Canadian and pissing off NATO by catering to President Putin all whilst they are in a stage to denying assistance to NATO. So what is next? Consider that The Five Eyes is comprised of Commonwealth nations plus America, it is not without risk that the four will go it alone. You see intelligence merely matters as long as you have it and that is where the CIA might come up short soon enough. A larger setting that short sighted people in the White House administration overlooked. That can be considered as we saw the news by AP yesterday ‘Musk meets with head of National Security Agency to ensure it is aligned with Trump, spy agency says’, I reckon that there will be a certain level of panic whilst the CIA reports that their meeting could get seemingly cancelled. Now the NSA will have to focus on local issues and read in the FBI to at least a dozen projects. I know, it is merely speculative what I say, but that danger wasn’t even realistic last August, now in less than 9 months the pregnancy issues of intelligence might become a massive issues for America and it only recently got over the issues of that traitor Manning and COVID issues. So that is another mess America now has to deal with.

In the second stage, why was Elon Musk dealing with this? Shouldn’t the NSA address any issues directly with the President of the United States? And the questions rise. And the Political Dundie Awards (PDA) has a nice ring as Pathological Demand Avoidance (PDA) is a pattern of behavior in which kids go to extremes to ignore or avoid anything they perceive as a demand. That aligns here just so beautifully. 

Ah well, Another day another giggle with a coffee. So you all have a nice day and Canada, I have your back (although from a distance). By the way congrats to Markie Mark of the British Bank, now to be known Markie Canuck of Canada.

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January 23, 2025 · 09:19

The dark sparkle

Well, I do not call it that, but some will. As I have stated several times before I am republican minded. Yet in this I am not a Trump fan and he has seemingly never heard of me (and why should he). I would gather that I would proudly hang the sign below on my house (if I were an American)

So, lets talk clear numbers. You see, the media is no help (most of them are chasing digital dollars) and most Americans give us a covered setting that talks into their street (you can’t blame them for that). So here is the ‘unbiased’ view of a foreigner.

The premise
The premise gives us that Donald Trump should not have been elected either time. Hold on, let me give you the details.

It started in 2016 with the term “Grab them by the pussy”, I think it was a rude and crude expression and as such he would fail. You see, 50.3% of the American population is female and that gave him 100% of their setting against him. Add to that at least 25% males being headset against republicans (aka Democrats) and we get a rough 76% voting against him. Did that happen? No, in 2016 he got 46% of the votes represented by 304 electoral votes (270 to win). In 2024 he got 49% represented by 312 electoral votes. So what is the case? Do woman like to get grabbed by the pussy? I don’t think all of them do, but I feel kinda certain some do (no wonder my social life sucks). Numbers do not lie, the insights tend to lie, the setting of information you take from the numbers are flawed. As a republican minded person I felt that Trump was the wrong setting. I also believe that republicans lost John McCain too early. I think he would have been twice the president Donald Trump ever could have been. I would never have chosen Hilary Clinton because of the Benghazi mess she left. It cost the life of the diplomat John Christopher Stevens. We later hear that there were issues with private and public servers (blaming it on IT is not the way to go) and that did it for me, she was not fit for the oval office in my personal view. 

So president Trump was elected. The news is all kinds of flawed and biased and as such I believe none of that. Consider the premise I gave above then add the ‘insurrection’ on January 6, 2021. We see the accusations and in 4 years there has not ever been a clear prosecution of then no longer in office Donald Trump. It was a democratic administration and nothing was successfully done. The proud boys and others are now released (say pardoned). So what gives? As such I don’t think the democratic ticket was the way to go, I still am not fan of President Trump, so if I were an American I might have voted for Cornel West, although I am not sure he would have been on the ballot in Orlando, Florida (I would probably live there if I was in the USA).

In this we get a rather large margin of error (mine). I am still no fan of Trump but there is a press hiatus the size of the Grand Canyon. The press is talking their street and not reporting the news. When the people desperately want to know what is what, the press buckles out and give us the voice of their stake holders, share holders and advertisers. That is the way the chase for the digital dollar goes.

So whilst the anti trump rage goes on social media we need to consider how wrong he is. He might not be my choice, but that doesn’t make him wrong and now as we see the first year in action, we will get to paint the press to a much larger degree, because they can only fool their audience so many times. After that they become redundant. My other issue with President Trump is that the tariff war he is supposedly starting on Canada and I am a Commonwealthian, as such I will side with Canada (and against Pierre Polivicious). Such is the setting that I would side with Mark Carney (as I have no clue on the other players on that side of the isle), I think Justin Trudeau did a fine job and should be regarded as one of the most famous Canadians ever. 

So as you are trying to find what ‘politically’ drives me, it is simple. Do the job good and you’ll have my vote and what you did before counts in my books as such I would vote Marky Mark of the British bank (not sure how he likes his title).

Still the focus is USA and there are issues. The woke agenda is a mess, the political setting against Saudi Arabia is atrocious and it sets their wallets towards spending in China and that is merely the beginning.

More to come I am sure. Have a lovely day, we passed the midweek.

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December 12, 2024 · 17:44

Sheep to the slaughter

There was a view, I agreed but not for the same reasons. I agree that Brexit was needed but for different reasons. You see, I saw the EU corruption for what it was. A setting where banks had their own little club, the club of 22. And there we saw Mario Draghi was a welcomed sight. I was hesitant to see it for good. Even as Mark Carney had its own ideas, he was right. Brexit was the way and the way was going to be hard. Now we see the Guardian embraces the story ‘Majority of Brexit voters ‘would accept free movement’ to access single market’, the carrot for idiots. There was no free movement, there was merely what others would allow us to do and that free movement comes at a price. So as we are given “A majority of Britons who voted to leave the EU would now accept a return to free movement in exchange for access to the single market, according to a cross-Europe study that also found a reciprocal desire in member states for closer links with the UK.” Yes but at a price. Now that the ‘settings’ are reset, the stupidity of the EU opens up again. The EU was on the verge of collapse as they are in denial of the consequences. You see we are given “85% of the EU’s debt has been incurred since 2020” but the story was worse, much worse. The debt of the EU has been calculated at €14,300,832,000,000 it was that bad (still is), the breaking through Brexit made sure that the UK was no longer held to account to that debt. Now that the trolls and corrupt ‘friends’ of the Euro got their stories to account going on since 31 January 2020 they finally won and the reset is about to take place (the fact that the idiot Keir Starmer assisted in the matter was a great help to the EU). What is the matter? Well in part they are right, the UK benefits from the strength of the EU matters on one side, the opposing setting is also true. A family with 27 family members and I reckon that 6 or them are nothing less than a newer version of the village idiot. They have a voice, but they also were chomping at the bit to get access to the credit card of the EU and that is not a good thing. The second that the banks come in, the setting will be final. The Greeks are loving this. There is every chance that the Greeks will blow out their debt again. The reason is simple, they don’t have what it takes and they take what everyone else has. That was an I personally think is the remaining setting. They are not alone, but they were the most visible one in 2019. Now that stage will erupt again. The EU doesn’t have the checks and balances it needs to stop that level of idiocy. 

We are also given “The report found about half of Britons believed greater engagement with the EU was the best way to bolster the UK economy (50%), strengthen security (53%), effectively manage migration (58%), tackle climate change (48%), allow Ukraine to stand up to Russia (48%), and for Britain to stand up to the US (46%) and China (49%).” My issue becomes. What data? How was the data collected? When we see ‘effectively manage migration (58%)’ how many want to push their migration numbers to UK? How many are are anti China minded? As we are given ‘for Britain to stand up to China (49%)’, are they sure they meant ‘for Britain to stand up for China’ and in all this the new markers are presented and not given towards the Middle East. That becomes a nastier kettle of fish. In the end, when the tally is shaped there will be anger towards the media for not letting us know the truth. I reckon that at some point media moguls will go the way of Brian Thompson but now with a mere rope and a tree as support for their distrust of the media. We are almost at that tipping point and reversing Brexit will give us the stage in 12 months or less. At that point the finger pointing starts and the media will lose whatever support they had. As I personally see it, the largest issue is seen in the last paragraph. With: “The Brexit-era divisions have faded and both European and British citizens realise that they need each other to get safer. Governments now need to catch up with public opinion and offer an ambitious reset.” One side is the media “British citizens realise that they need each other to get safer” and this is largely because a false picture was given for years and as this is shown to be wrong, the people will go for the throat of the media. This is no longer the 90’s where the media had overwhelming powers. Now they are held to account and optionally with their lives. As for the ‘ambitious reset’ this is largely enabled by banks and their need for the reset of their credit cards. What comes next will be the stuff of nightmares. It won’t happen directly, it will be a soft landing, like landing in a pool of molten lead. Within a year the UK will get their new demands handed to them and that will be the game, the EU (Germany) will win and suddenly they will they will side with Russian demands. As such the Ukraine will suffer and the EU will suffer too. The Americans will hand Russia through the Republican Party. Republicans are far more likely than Democrats to say the United States is providing too much support to Ukraine (42% vs. 13%) (source: Pew research Centre). And when that comes to blow, America will distance from the EU. It was too hard and they have too little cash left. A setting that was always come to pass. As such the anti-China sentiment was in favour of America, as they pushed their goods. So how long do you think that setting will last? In all this, the solution to embrace the Middle East and China was a larger option then anyone thinks. It gave the EU breathing space against Russia. Now the UK is in the mix and the only option (I believe they have) is to open the door to BRICS and China. It don’t think it is a good option, but it is better to see that then to see the new maps of 2040’s stating Netherlands Oblast (or more likely Holland Oblast). That danger is more and more real as America lets the Republican setting of “U.S. support for Ukraine” getting smothered to death.

As I personally see it, Europeans are leading themselves as lambs to the slaughter. What a disgusting end to the foundry of civilisation (1095 – 2040). 

Could I be wrong? I hope I am, but the wrong people got to speak at media events and I am keeping a list of media people who are leading the run towards the gallows. Like the Dutch writer Marga Minco who wrote Bitter herbs (1957). As the character in that book who through the personal inside of people decided who was handed to the devils and who went the way of angels. I reckon that not many media people are going the way of angels. And those howling that they merely viewed that the people had a right to know will see the digital age as the one serving them, not the people. There needs to be a tally, especially of the media.

Have a great day and if you are with the media, the gallows are down the lane to the left, overlooking the emptiness of the fields of bankruptcy.

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February 1, 2023 · 14:02

Insecure Masturbation Fraternisers (IMF)

Yup, that is the slogan and to get there we need to take a little trip down memory lane before we get to the article that jogged my memories. You see, it all started on October 10th 2013 (at https://lawlordtobe.com/2013/10/10/economic-management-through-newscasts/) where I gave the readers “The same day I get the news on a diplomatic escalation in the Netherlands, sky News UK comes with an entirely different matter. Two elements seemed to be in play. The IMF suddenly lifted the economic growth for the UK by 1.4% for 2013 and for 1.9% for 2014. Those are numbers that are beyond remarkable. Sky News showed Olivier Blanchard the Chief economist of the IMF to make this statement. It was interesting that the IMF calls on Christine Lagarde to give the bad news and Olivier gets to give the good news. There was a shimmer of hope for realism as Ed Conway, economic Editor at Sky News was happy to not reject the notion that the IMF have been lousy forecasters in the past to say the least”, as well as “‘Suddenly’ there was good news, a week before the debt ceiling needs to be raided, whilst the US is still in shutdown mode. Let us not forget that Greece, who also suddenly had ‘good’ news last week is still beyond broke, in addition France and Italy are still not in good shape. The biggest issue is that the UK forecast, which was +0.6%, which was a pretty good achievement to +1.4%. That boils down to a miscalculation of almost $18 Billion! That is a massive miscalculation. There is no indication that such errors were made. Consider that the IMF had high criticism towards the tactics by Chancellor George Osborne, UK’s faithful exchequer.” Are you clued in at present. There is now an indicator that the IMF is nothing more than a political presentation tool to hand out lollies for others to look away as credit limits are increased. It is one of the reasons I went towards Brexit. After the speech by Marky Mark of the British bank (aka Mark Carney, a Canadian no less), I saw the dangers of staying in the EU. Mario Draghi was using a Credit card for trillions after the first trillion was a miss. Now, that happens, solutions are selected hoping it will set the outcome to another stage. There is no fault there, but then he does it again for another 2 trillion. Wasn’t it Albert Einstein that stated that only a lunatic will do the same thing twice hoping for a different outcome? And it wasn’t just me, others had reservations too. There was no outcry when Mario Draghi was shown to be a member of an exclusive bank group. So how much did his friends end up with catering to that debt. Consider that bank bonds have a registration fee and commission. So how much commission did these two dozen people get over three trillion? I can tell you that is would be up to 2%, implying that two dozen people ended up with $600,000,000, not a bad run. So why should the UK pay for that?

Now that we are all caught up (to some extent) it is time to look at the article (at https://www.bbc.co.uk/news/business-64452995) giving us ‘UK expected to be only major economy to shrink in 2023 – IMF’. Now I am not stating that this is not the case, it could be. Yet when we look to 2013 and later, the IMF has played the wrong spades in this game. So when I see words like ‘expected’ and ‘only major economy’ after it took the IMF and Creepy LaStrange (I think that was her name) a year to admit that they made an error of well over $18,000,000,000 I have issues with anything they claim. And when I see “The IMF said the economy will contract by 0.6% in 2023, rather than grow slightly as previously predicted” without clarity I have issues. The numbers could be true, but with the Russian clambake in the Ukraine, the Covid issues (especially in China), the labour shortages and a few other elements that influences the issues, we merely see  “Chancellor Jeremy Hunt said the UK outperformed many forecasts last year. But shadow chancellor Rachel Reeves said the figures showed the UK “lagging behind our peers”” and charts and numbers how bad the UK is doing, but the problem is that the IMF (or Insecure Masturbation Fraternisers) have been too much like a political tool. They proclaim that Russia is getting a positive boost this year but we do not see that it might be mainly woodworkers to create the  126,650 coffins for lost troops, so their economy is up, but who pays that bill? And in the stage of presentation my issue is that these people are all about ‘forcing’ the UK back into the EU so that their GDP can be added to their credit limit. The EU is running out of credit card space, it has been for a year and the UK revenue is essential to turn that about and people need to wake up to the unaccountable overspending the EU is doing. At present the EU debt is well over €12 trillion  with several nations having too much debt. We all know about Greece with over 193% of GDP, Italy surpassed 150% of GDP and Portugal surpassed 125%, Spain is almost at 120%, and France is at almost 115%. The credit limits have been reached and it does not bode well, so all hands on deck forcing the UK back into the EU, but the truth is that once the hardship is passed (which will take some time), the UK will become the power player and the EU will be reduced to a third world nation. So basically at present (a personal view) the German debt of 80% of GDP is the only economy keeping the EU standing. That is not enough and I spoke about that in the past (at https://lawlordtobe.com/2017/03/17/the-finality-of-french-freedom/) in ‘The finality of French freedom’ on the 7th of March 2017 where I wrote “Which is why France is a big deal, that whilst they represent one of four anchors keeping the Euro in place. With the British anchor removed, the stress on the three is intense, the Euro cannot continue with the remaining two anchors that is the desperate game Draghi is facing now. Weakness and non-decisions from 2012 onwards have caused this mess, and of course he is not done yet. As we see in Reuters, last Monday he stated “If non-high-tech companies adopt more innovative technology, that would provide a boost for European productivity“, speaking as the European Central Bank President last Monday, it that so? With what funds? Innovations requires money, such steps have a cost” here I compared the economy with a floating platform kept in place by 4 anchors. It used to be the UK, France, Germany and Italy. Now that the UK is gone, the platform is now in trouble as only the German anchor has any strength left. The economic sea is in turmoil and I already saw this in 2017. Then we got Covid and that stupid bear named Russia and now the economy is a problem, especially for the EU and when that breaks up, the US (Japan also) have no way to go but down and that is what they all fear, they can prolong this if they can bully the UK, but we have seen enough bullies. We all have had enough and that is why I chose Brexit. I could not predict Covid or Russia, but a next economic disaster is alway just past the horizon, there is always a next fire to put out and now the IMF wants to make matters look worse. As I see it, they need a whole range of better and more descriptive numbers. As it stands, at present I do not trust the IMF. Yes the UK could face another recession, but it will be nowhere as bad as the one the EU faces. In the end the UK is part of a Commonwealth and we all (Australia, Canada, India, New Zealand and the United Kingdom) need to united to face the headwinds of the coming storm, we owe it to each other with the acts of irresponsibility we do not owe the EU and we do not owe the US. The US has had over a quarter of a century to overhaul their tax laws. I made mention on this as early as in the age of President George H. W. Bush (1998) now 25 years ago. I say enough is enough and the IMF better give us a lot more and a lot clearer numbers than what we see in the BBC article. That is my personal point of view on the matter.

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