Tag Archives: Matteo Salvini

That crazy thought

Crazy thoughts, we all have them at times, we all think them, we all wonder the ‘What if’ question whether it is valid or not. So when the news hit, among them the line ‘The $6 trillion wipeout in Asian stocks is getting deeper‘ (source: Sydney Morning Herald). I was not contemplating the quote: “Just like that, the region’s equity benchmark erased weekly gains and is now heading for a sixth slide in seven weeks, only worsening the wipeout that already erased $US4.3 trillion ($5.95 trillion) of market value this year“. So there I was looking at that quote, as well as the quote “One thing that might be worth keeping an eye on is data around China’s consumption — car sales fell for a fifth month and and Ctrip.com International joined the likes of Baidu and Alibaba Group Holding in being unable to avoid the economic slowdown. Also throwing cold water on the recovery is the US dollar, which resumed its appreciation as the Federal Reserve signaled it’s still ready to increase rates in December. The strong greenback has been a key concern for investors in the region, as its weakened local currencies and triggered massive outflows from emerging-market assets“. You see, I believe that none of this matters, the excuses like ‘consumer prices steadied amid sluggish demand‘. I went into the ‘What if this was always meant to happen?‘ mode. It is my personal belief that we have been sitting still whilst analysts have been inflating prognoses of economy, whilst they were all humming; it is a bright and sunny day, whilst it was not. We get excited when USA Today gave us ‘Economy adds robust 250,000 jobs in October in last employment report before election‘ on November 2nd. Yet this is news that was merely overdue and way too late. The world has been at a stand still for the longest of times. Millions of US citizens are still overcoming a decade of hardship, many of them lost the bulk of their retirement funds and it will take half a decade of really good news to turn this around. Too many have felt the pain and it is the same all over Asia. We might see news last month with ‘India adds 7,300 new millionaires’ thinking that hard times are over, yet this merely shows the stage where 7,300 clever Indians are getting other Indians doing their bidding, the millions behind those 7,300 people are not in a much better place, they have not been for the longest of times. Those 7,300 will be the foundation of a dozen or perhaps two dozen billionaire over time, yet like in any pyramid scheme, the profits go upwards, the foundation of that pyramid will not see a dime of that and we forget about that unbalanced setting. So as we are all in a stage of happy happy joy joy, the market is relentless in too much upbeat procrastinated prognoses and the market will seek equilibrium. No matter what excuse we see, what term we give to oil, what term we give to car users. The foundation is that every sold car is linked to a person buying it and from the current stage less than 25,000 were able to afford a new car, because the normal monthly expenses remain the same or go up, they never go down. So when we see ‘car sales fell for a fifth month‘, it makes perfect sense, you can up production all you like, yet when the people cannot afford to buy one, making more really makes no sense. That stage is clearly seen in Asia and Europe, in addition, the people in the US don’t have that much extra to spend, even with the new job, their living expenses had been through the roof for 2-3 years and they build either a buffer or go hungry and become homeless.

It all gets to have a hilarious side when you consider the Wall Street Journal (at https://www.wsj.com/articles/peter-navarro-blasts-china-and-wall-street-globalists-1541787254). We see “President Trump’s senior trade adviser, Peter Navarro, excoriated China and attacked Goldman Sachs and Wall Street as Beijing’s “unpaid foreign agents” who are weakening the U.S. leader before his meeting this month with China’s president“. It seems to me that Peter Navarro does not comprehend Goldman Sachs or Wall Street, so as an Australian I feel it is my duty (my entertaining duty mind you) to explain that part in a plain manner. ‘Mr Navarro, these two players Wall Street and Goldman Sachs do not give a fuck about you or your president, they never did! They only care about their bottom line, the annual growth, the profits they do make and their bonuses. It is that plain, and simple enough the board of directors in these two places care exponentially more about their bonus, nothing else matters!‘ I do hope that Peter Navarro comprehends that part, because it has never been different. The American people were sold down the drain in an instant in 2004 and 2008 and those people will do that again and again. It is not rocket science; it is transparent and extremely predictable. So when I see “As a summit with Chinese President Xi Jinping looms at the Group of 20 meeting in Buenos Aires, the economic council is coordinating what kind of trade deal the U.S. might accept from China. It is focusing on intellectual property, agricultural tariffs, forced technology transfer and requirements that U.S. firms form joint ventures to operate in China“, I see no mystery, I see no questions. It is merely the execution of the operational merit that profit brings to these 20 players that is on the table and the US is weaker than it has been ever before. A lot of the IP is not in American hands, the ones that matter are in the hands of IBM, Google and Intel and the US administrations have been able to piss all three off in more than one way, so good luck there. In addition, if the US exercises some ownership need, we will see both IBM and Google moving their IP all over the place making matters for the US worse.

Oh and this was all before we see the current US president in a stage where we see: “France on Saturday attempted to defuse a row sparked by President Emmanuel Macron’s comments about a European army which angered US President Donald Trump“, we can consider that passing of the few allies left is not really a good thing, is it? Especially in light where Marine Le Pen is currently more popular than Emmanuel Macron is the upcoming EU elections. The advantage is only one percent, yet we also see: “Far-right parties, including those supporting a French exit from the EU, secured a combined 30 percent of support“, that is way more than most EU nations are currently willing to be comfortable with. The fact that President Macron has agreed with Dutch Prime Minister Mark Rutte to a union of En Marche, Dutch Liberals and Democrats is optionally one that could backfire in France to some degree and if Le Pen gets to the 40% mark a stage of Wall Street panic would be the consequence making the markets slip even further getting the overall losses to surpass eight trillion before the year ends. This stage becomes an even larger US nightmare as Matteo Salvini enters the stage, and he is siding largely with Marine Le Pen in all this, most likely purely for his own interests as would be expected in Lego Politics, but the impact is still there. This all impacts to a much larger degree as Italy has stated less than a day ago that they will not adjust the Italian budget which now puts the ECB and the EU in a much darker light, this budget could optionally impact the stage in a few European ways and the other nations will be reminded of the Greek tragedy when it overstated what they did not have, whilst we now see Italy not acknowledging the things they do not have, with a similar impact to several EU nations, the consequences could propel out of control and that too will impact greed driven Wall Street. This means that President Trump is going into a G20 meeting with three sets of balls and chains on their ankles, whilst China gets to point out these six balls and chains and remind him that this is partially all his doing (whether that is true or not).

So in the end, he sits in a meeting with little to use, nothing to go by and all merely because the previous 4 administrations all left control of the wealth reigns with Wall Street themselves, how was that ever going to work?

So that crazy thought is now going into the direction: ‘What if we remove the reigns of wall Street?‘ Would that be the craziest idea? In the end it is not going to happen, yet a first step is not the weirdest idea. It is time to take a very close look at those Wall Street analysts and their exectations, even if they ever correctly solve their rounding problem, the people still end up being confronted with a (what I personally would speculatively call) a 1.13% offset from any norm and that made all the differences for well over 12% of the companies ‘underperforming’ in the eyes of Wall Street. When we consider going back in time to 1874 when French economist Léon Walras decided to give ‘Elements of Pure Economics‘, he failed (as these settings did not exist) to give two elements a much larger consideration. The first is ‘behaviour of supply and demand‘, whilst not realising that governments have a required supply and demand and the corporations have a forecasted supply for the expected demand of an international community, which is weighted and rounded upwards sinking the notion of science towards anticipated presentations. So there we see three sets of numbers, all weighted and only after the fact shown as ‘due to unexpected factors‘ graded downwards after the fact giving us a few headaches all at the same time.

So as we see ‘adjusted’, ‘evolved’ and ‘expert driven’ algorithms towards forecasting the fact that there was something wrong with the formula’s in the first p[lace is not set into the stage of punitive prosecution ever. Meaning that these wipe-outs will happen again and again and the next time it hits a group of people that will revolt violently for being presented the invoice that others should have paid for, a stage that is unseen as many are in denial and often merely wiping the consideration away as non-relevant and unimportant. And the idea is not unique, my thoughts, my very own thoughts were proven correctly in 2013 by former Wall Street analyst Yves Smith in her book ‘ECONned‘ and she is not the only one, yet in the 5 years that followed, after all the evidence shown in several ways, the US Administration decided not to act, decided not to take control of the situation, even largely diffusing the danger was beyond them and now we see the stage where we see ‘weakening the U.S. leader before his meeting this month‘, in my personal view Peter Navarro needs to wake up and smell the coffee. He comes from an environment that did nothing for too long.

How crazy was that thought?

 

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The European conglomerate of corruption

It was always going to happen, it was always going to get pushed. Yet the setting and the size of the levels of corruption is just beyond anything I could have imagined. How large corporations and politicians set hand in hand to enable corruption is just staggering and the media is assisting in this process. This is more than just Brexit. The article (at https://www.theguardian.com/politics/2018/sep/17/uk-needs-darkest-hour-in-brexit-talks-before-giving-ground), gives more than just the title ‘UK will shift Brexit stance in its ‘darkest hour’ claim EU officials‘.

Now some will throw ‘corruption’ left, right and centre, so let’s take a look at this. The dictionary gives us “dishonest or fraudulent conduct by those in power, typically involving bribery“, the problem is that most people just think it is about the money and most of the time they are correct. Yet the legal dictionary gives us: “The use of public office for private gain, Dunhaime gives us in addition the Canadian setting with: ““Corruption is understood to be the exploitation of a position of trust, typically in the public sector, in order to receive a private gain, which may or may not be financial. “Corruption is not a simple issue of right and wrong, and conditions that encourage public officials to seek out or accept corruption include (a) the expected gains from undertaking a corrupt act exceed the expected costs and (b) little weight is placed on the costs that corruption imposes on others.” We got this part from Karen Katz in the Canadian Law Journal.

In this we must also include the American version, which was discussed in In Nixon v Shrink Missouri Gove, where Justice Souter of the United States Supreme Court used these words: “Corruption is a subversion of the political process. Elected officials are influenced to act contrary to their obligations of office by the prospect of financial gain to themselves or infusions of money into their campaigns“, it is the elected officials part that matters.

When we are confronted with: ““A lot of movement is needed by the UK side before we can actually reach agreement”, said one senior diplomat. “We need a substantial change in the UK red lines still.” A second EU diplomat added: “It seems that the UK needs to have a ‘darkest hour’ moment before they will shift position. But they will have to shift their position.”” In addition, we see the fear mongering by Christine Lagarde, managing the IMF, who so far has been wrong thrice over in the last four years alone. We are given “a no-deal Brexit would deliver “reduced growth, an increase in the [budget] deficit and a depreciation of the currency“. In this we see another claim that has to be proven wrong again, all in the need of fear. You see this fear is growing. It is in part growing because the Italians are also moving on an ItaLeave (or is that iExit) path.

A path that even I did not see happening. I gave voice to the danger two years ago, but I also recognised that it was unlikely to happen, not as much as France and they pulled a rabbit named Emanuel Macron, not the Emmanuelle the European man were hoping for (see image). Yet in Italy it did go a lot further And now that Metteo Salvini is the elected group, the powers of Wall Street are getting scared, they are contemplating the end of their long reign of exploitation, so this wave is perhaps the last one, which makes the subversion of British Freedom even more essential. And in this British politicians are helping out, because London has been scared by all the fearmongering and Sadiq Khan is now worried for his town. He is shouting on the need for a second referendum. Yet, I want to set a few parts as well. The first is that the ECB gets disbanded, it is not transparent, it has taken liberties that are beyond acceptable and whenever the G30 bank elite comes to mention it had been avoided again and again. That is the setting towards what I regard to be of levels of corruption that are beyond acceptable. I personally want to add the right of targeted killing that means that any given links on politicians and the banks and large investors that is regarded to be unacceptable comes with an automated death sentence. I wonder how many politicians will get worried, they claim they will not be, but one knock on their door with the mention of the Battersea Power Station with the quote: “In an interview with the Guardian, Anwar, who was released from prison after the opposition won power for the first time in Malaysia, said the previous government had used the savings of ordinary people to cover up the multibillion-dollar embezzlement scandal at 1MDB, a state investment fund.“, and when we consider the news merely 5 days ago (source: the Guardian) with: “Peter Bingle used his longstanding relationship with Ravi Govindia, the leader of the London borough of Wandsworth, in attempts to circumvent council officials he believed were being obstructive to his clients, including over the size of payments due to public projects“, I think that my case has been decently made. In this we will hunt down and give the fear mongers the option to either show clear evidence or get executed. Is that not an easy way to get to the truth of the matter?

This reflects on Europe and the ECB, because their laughter dies down quite quickly at the point when the first ‘accidental’ fatalities hit the newsreels, after that them bitches be crying. As for the hard times. Yes, the UK would always get a few years of hardship after Brexit. Anyone stating that this is not true is lying to you. The issue becomes that after Brexit, the careless spending will no longer get pushed onto UK budgets, which also means that debts can be better dealt with quicker and also to a larger extent. That also means that as debts go down, as infrastructure issues are dealt with, it will have much better chance when the UK is not dragged down through 3 trillion stupid mistakes by Mario Draghi. OK, that was not quite true, the first Trillion we get, but when it failed he decided to add two trillion to that debt. That is the issue that the UK is confronted with and there is also the bigger crux. You see, the BBC reported last month (at https://www.bbc.co.uk/news/business-45247631) that a charity has called for tougher regulation of bailiffs, as it calculated that households have fallen behind on essential bills by £18.9bn. Staying in the EU does not fix that, the bills are still due, yet when the economy betters something can be done and that is what Europe does not want, they want that the lifestyle remains equal for all, looking at Sweden alone we see that this future is fictive and the EU is draining all funds with their gravy trains as well, making matters worse. If there was only someone who had been able to hold the ECB accountable on some of their actions, but alas, there was no option for that and there we see the one truth that Nigel Farage was correct in. If the Brits all unite for a better Britain it will work. And that is not merely those born there, anyone living in the UK, being a resident or citizen has the best interest that growing the UK is the only path that works.

The entire charity matter is also a path that matters, because it impacts life in the UK. We can agree that bills have to be paid for, but that is no longer an option as the pockets of big business are filled through exploitation and that cash is moved out of the UK through perfectly legal and creative bookkeeping.  So when we see: “Citizens Advice said it was getting a call from someone needing help owing to bailiffs every three minutes. It is calling for a bailiffs regulator in England and Wales. It points to a case of an elderly couple who owed £700 in council tax who are now afraid to open their front door after bailiffs used aggressive tactics and threatened to call in the police.” We need a much better system that allows for the return to better values and pushing out exploitative business is a requirement, yet their exploitative options are protected by the EU and Strasbourg, who want the status quo and will remain in denial for another decade, whilst the required actions are already 5 years too late. Here to we see the need to go it alone for the UK and let’s not forget that Italy is already moving on that path, no matter what happens now, when Italy gets out before the UK, the options of the UK will diminish even more, and that is still on the table, even as we see the news with “‘We Want to Change Things from Within.’ Italy’s Matteo Salvini on His Goal to Reshape Europe“, we see carefully scripted answers in regards to the Italian exit, yet the EU budget fights are implying that this path remains open to Matteo Salvini. The Financial Times (at https://www.ft.com/content/cad84ef6-b10d-11e8-99ca-68cf89602132) gave us: “But others fear a spat with Rome that could spur support for Mr Salvini in European Parliament elections in May next year and re-energise his party’s calls for a eurozone exit.” That is the dilemma that all these Europeans now face, because when the UK is officially out, the Italian exit will collapse the Euro as well as the EU. A setting that was always going to happen (at some point), yet the order in how it happens will also set the stage on how it impacts the UK and my personal view is the quicker that they are out, the better their position will be and there we see the stage of all these fearmongering players, every month less is another year of pension gone and a more medial lifestyle for those people who want their golden parachute and their golden swimming pool. That whilst 99.99934%of the people in the UK (roughly) will never ever have either.

So even as he Financial Times gives us the Top Marginal personal income tax for employees , we see that Sweden heads it and the UK is a lot below that, whilst Italy is two places below that part and Italy ‘flat tax’ is dead last. Now if we could have seen another chart that includes the levels of tax avoidance (which is perfectly legal) we could clearly see that the UK will never get the amount professed in that chart. There are too many loopholes and many nations use them, the EU gave even more options there. This gets us to 2016, when we were introduced to: “On 28 January 2016 the Commission presented its proposal for an Anti-Tax Avoidance Directive as part of the Anti-Tax Avoidance Package. On 20 June 2016 the Council adopted the Directive (EU) 2016/1164 laying down rules against tax avoidance practices that directly affect the functioning of the internal market“, which sounds awesome, was it not that 8 months later, we were treated to: “Huge sums are being lost due to tax evasion and avoidance. Estimates go up to € 1 trillion“. The mere setting of dates that were not clearly added to the page and other matters missed, gives us the uselessness setting of the EU, moreover those 8 months, the people involved, what did they achieve and how much did they get paid? It is my personal opinion, yet ec.europe.eu is filled with blunders and misgivings of a nature that should have gotten a truckload of these people fired and now they all band together, because when the UK leaves their party ends and that scares them. It is not that they merely try, it is that they for the most fail again and again.

That whilst IBM gave us the opposite setting for Brexit only a month ago with: The problem, though, is that there are some signs that Brexit isn’t going to be as bad as once feared – and may, in fact, turn into a net positive for the UK, and tech giant IBM might play an outsized role in some of the developing factors. Here’s why:

  • Foreign Investment is Growing
  • Emerging Technology Solving Trade Issues
  • Exports Climbing and
  • US Uncertainty Taking a Toll

These are all matters that work for the UK over time and that is why these levels off fearmongering anger me so and I personally would want retaliation against those trying to prolong their futures through fearmongering.

All issues ignored by the media to a much larger degree and whilst they emphasize on people like Lord Adonis, we need to make certain that those doing so are given the spotlight to the larger degree after the proof is shown, we will not allow for a simple ‘sorry’ we will set the stage for draconian change to their non-journalistic path. In the first in setting these publications as no longer to be regarded as newspapers, especially publications like the Daily Mail. They can publish of course, we would never hold their right of expression, but no longer in a 0% setting, they will become vat accountable for the 20% that any magazine and glossy gossip mag is set to, the playing field should be equal, should it not? I wonder how long it takes for them to feel that 20% pinch (good for the UK coffers) and when they start passing that onto the consumers, do you think that they will continue choosing that medium, or will they consider reading an actual newspaper?

All elements of corruption. The setting of ‘exploitation of a position of trust‘ is seen with newspapers, title of status, positions of wealth and managing policies as well as the facilitation and nepotism on smoothing paths for buildings. There is too much going on and it is hurting the UK immensely. We can argue that the EU has allowed corruption levels that we had not seen since ancient Rome and when we consider who is heading the ECB, we see and optional coincidence of correlation.

The largest danger is not when the UK gets out, but when the fear mongers win and Matteo Salvini succeeds, because at that point the UK will face close to a decade of additional hardship. Are you ready for that? Are you in the UK willing to forgo heating in the winters of 2020, 2021, 2022, 2023? Consider that, because the debt of the people adding to £18.9bn implies that they have to forgo electricity or heating; what would you chose?

 

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That did not take long

Wow, it has been a mere 22 hours since my last Blog. In there I wrote: “The additional part where we see that Pakistan is importing close to $400 million from the Netherlands each year is optionally be getting hit as well“, which comes to pass when I see the flames on Twitter between Geert Wilders (https://twitter.com/geertwilderspvv) and the Pakistani Government (https://twitter.com/pid_gov). Even the the Pakistan Defense forum(https://twitter.com/defencedotpk), they immediately went to their copy of ‘Art of War‘ and gave us “Royal Dutch Shell, Phillips, Unilever, ABN AMRO interests in the Muslim World should be nationalised, levy heavy duties on Dutch shipping passing through the Suez, Hormoez shall be closed off for Dutch ships. Their airlines should be barred from using OIC airspace. Watch it melt!“, now a forum is not a government speakeasy, so there is time, but this riled up well over 100,000 Pakistani’s in all walks of life. Yet in here a few cool heads prevailed with: “Doesn’t matter to them, as it will hurt Pakistan itself, thousands will be unemployed, lakhs of people are working directly or indirectly in Unilever Pakistan, not even 0.1%profit generated from Pakistan, of total Unilever profits, even all oic countries ban it, it will hardly damage them“, yes it will hurt Pakistan, yet will it hurt enough? When Pakistani interests are moved from Unilever to European or American alternatives, do you think that the pain is long term? No, that is unlikely to be the case, yet the long term pain to Dutch industrials will be clear when they lost the ability to meet quota’s and to meet the expectations of analysts. That pain will be very visible. So even when we see the response by Geert Wilders with: “Don’t claim victory too soon @pid_gov I am not finished with you yet. I will expose your barbarism in many other ways“, we have to wonder if he is exposing barbarism or instigating discourse through attacks on Islam? That has always been the setting here. Perhaps we need to take another look at the setting, which started as early as 2015. I implied it in my title ‘Lollies to the Right‘ (Yesterday’s blog), in this lollies is an English slang for money. Someone is funding all this. The Cartoon competition shows another side, from the $12,500 in Garland Texas, and the amount (unknown) for the Dutch event. This is not from the pocket of Geert Wilders, someone is funding these fumes hoping that a war will erupt and we need to find out who is behind the screens on the far right, it is more important then you know. It is not merely about the hatred, the setting of economic strike backs was always going to be a clear setting. And I was right all along. We now see in the Daily Pakistan: ‘Dutch govt seeks improved bilateral ties with Pakistan after blasphemous contest saga‘, where we see: “Dutch envoy to Pakistan, Ardi Stoios-Braken announced on Twitter that the Embassy team will work with fresh energy and focus on promoting the bilateral relationship with Pakistan and mutual understanding“, yes I saw that coming a mile away and the question becomes, how much will that cost the Dutch government? By the way, in that same period of contemplating my correctness, I also designed two new (optional) Google devices, so it required close to no brainpower, so I had three other things running in the back of my head. Here too we are fed the lies by Geert Wilders. The lie “to avoid the risk of victims of Islamic violence, I have decided not to let the sacrilegious cartoon contest go ahead“, yet that was not really the case was it. The game was not set on the competition, but on the backdrop and I wonder what happened on May 1st 2018. When we were shown: ‘Far right leaders gathered in the southern French city of Nice‘, we were not in the picture on the rest. There was another player there, ready to use Geert Wilders as the tool he is. This was merely foreplay, binding the hands of certain politicians and setting the stage for others. The Independent gave on that very same day: ““The European Union today has catastrophic consequences for our countries, and yet another Europe is possible, the Union of European Nations,” she told a rally as she met with the leaders. “Europe is a good idea and the European Union is killing it.” The next European Parliament elections are scheduled for the 23 to 26 of May 2019 – after Britain is set to leave the European Union.“, that is the part that matters more, when things go out of balance, other players can come in and have some fun making money fast, that is the one part were the right seems to be blind. With Italy much more firmer in the right, with the AfD (Alternativ fur Deutchland) we see that they are still growing, even more so as Angela Merkel is now in a much lower ratings than ever before, so even as that does not indicate that AfD will push to better staging and more seats, that is not a given. Yet, in this I was proven wrong in my assumptions (based on data) on how Matteo Salvini was not really a risk and he got a much larger slice of Italian politics then we imagined and with Germany we cannot afford that mistake again. In all this it is more and more clear that the UK got out in time (a little too late though), with the European settings we all get to look at, there is a clear path that half of Europe will be in an anti-Muslim stage soon enough and not being part of that war is the only good we can hope for.

Yet the only links that I get back to in the end (thanks to some data that I found in Austria) from sources like the Wiener Zeitung and the Freedom Party of Austria and Heinz-Christian Strache is Steve Bannon of all people. Right on the same day that Cambridge Analytica became a non-entity, we see that Steve Bannon was always part of this, the question becomes: Was that why the data was needed? Was this why there was a nice dinner in Nice? OK, I admit that this is slightly too ‘conspiracy theoretic’, but the elements are there; we forgot that 87 million Facebook users are not merely there to use for the far right, they can also be used against the left and more important, once properly mined and grouped, other elements can also be addressed. We were treated to Channel 4 and their ‘Cambridge Analytica CEO filmed boasting of using entrapment, bribes and honey-traps to influence election‘, but the much larger cake is not merely the elections, it is the fact that creating discourse in Saudi Arabia as it is ready to start a trillion dollar investment setting (well over half for the creation of Neom, city of the future), we see a lot more opportunity for those players. Even in history we saw the UK push Egypt in another direction as it feared the larger hold and more importantly the hold that the UK would lose, we see a variation now by the escalations of Islam and anti-Islam and in all this Geert Wilders is the most visible tool. In this Steve Bannon played the game very well. Even as we saw him being close to Islamophobic in Breitbart and his film script, on which the Washington Post reported with “The script for the film, Destroying the Great Satan, which was never produced, opens with a fantasy scene of the US Capitol adorned with a star-and-crescent flag and broadcasting the Muslim call to prayer, according to a script obtained by the Washington Post. The film imagines a “fundamental clash of civilizations” between the west and “supremacist” Islam“. So, this is clearly not in my imagination and there is heaps of data behind it all, but there is no clear link, all the direct links are hidden. I am not speaking about ‘advertised’ open admiration between the players. No, there is a larger part in this and it is between middle men so there is nothing to prove. That evidence is not out there and it unlikely never ever will be. Steve Bannon is slightly too intelligent for that, because over time it comes knocking at his door, so he got it truly insulated against that, using tools like ‘Wilders’ as he sees fit. Marine Le Pen is in her heart too nationalistic (French) so she is an ally, but just up to a level and the same can be said for Matteo Salvini, all set in a stage of anti-Islam. Now that we see the Dutch impact others will be more cautious. When the Guardian informed us of “Steve Bannon has announced plans to establish a foundation in Europe that he hopes will fuel the spread of right-wing populism” we also got the push from Politico with “his potential European partners are ambivalent, saying they want to keep the controversial American at arm’s length even as they seek to tap his expertise on how to disrupt politics on the Continent“. I do not think it is false, but I do believe that there is orchestrated caution here. Yet as we also see: “Bannon’s connections to Europe’s leading populists, many sound unsure about letting an outsider play a central role in next year’s election, let alone one with his reputation. Some pointed out they are already working on their own pan-European alliances“, as well as “Rivière, his party’s international spokesman, said he has talked to Bannon about how he could “provide us with new ideas or share his experience.” Rivière said The Movement would be “a good non-partisan tool box” to achieve that. Bannon, who formerly ran Breitbart media, helped lead the successful Trump campaign in 2016 and went on to serve in the White House for seven months“. Here we see levels of facilitation and that facilitation will only go as far as Steve Bannon gets an industrial upper hand and it is not clear to me if these political players will be aware. What is very clear is that both Israel and Saudi Arabia need to become a lot more cautious when it comes to America. In the end, the Iranian escalations, the Syrian, Russian and Turkish setting in all this sounds nice and it sounds nice that America is on THEIR side, but only for as long as the economic fallout blows the wind to America, in the end those nations stand alone, in the end, America has a protection barrier called the Atlantic Ocean and they can retreat to ‘home ground’ , that is the play any bankrupt nation makes, lets others do the work for them, they only come when the cream is there to be scooped. When that does not happen, they walk away and we need to find a way to stop anti-Islam movements now, because they endanger the State of Israel in a similar way and even if these far right settings do not care, we should because when escalated it is a mess that no one can visit for at least a generation.

I think (as I stated before) that the seriousness of Saudi Arabia and the push for innovation has scared America and Europe. You see, the last time anyone was this driven we ended up with Google and now they are 4th in size on a global scale, that is until 2023 when they will jump back to number 2. Both IBM and Microsoft have issues and they will polarise clearly in view in 2019, at that point we will see a new shift and Google will bypass them pretty much overnight with all the 5G issues brought to the well willing hands of close to 2 billion people within a year, it is that same fear that made certain governments strike out against Huawei technologies. And that has nothing to do with security issues. When you realise that, we also see why the entire Wilders cartoon issue is a larger one. So, when you consider that the richest companies’ revenue wise in 2017 had Royal Dutch Shell on 7th with 240 billion in revenue. Now consider that the entire Wilders situation is still playing in Pakistan, with escalations still opening up in the UAE, Oman and Saudi Arabia. So when you consider that Shell could get hit and those hits are translated to additional opportunities for Exxon, which country benefits that? In the end Exxon and Shell might up trading revenue places on that same list in 2019.

There are enough markers in all this, but no direct evidence, that is likely to be seen after it is too late. At that point what will Europe do? Wake up, or just let it slide? I will let you decide, just be aware that the impact will be the economy, it usually is the first one to take a body blow in such events.

 

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What is right is sometimes wrong

This is a weird day; it is weird for all the reasons that set the stage where things are weird. It is not ground breaking, it is not even great, but it is an essential event. To explain that we need to go back to Dutch history, to be more precise we need to go back to 1994. The politician Hans Janmaat was a member of the CP (Centre Party), it was ultra-right, very nationalistic in nature. He had slogans like “Holland is not a country of immigration” and “full=full“. In the not so great economic settings, which were harsher for many as the Netherlands is not just seemingly short on available space. To give a comparison, The Netherlands is the almost the same size of the US state of Maryland, Yet MD has 6 million people, the Netherlands 17 million, so space is hard to come by, so people started to listen to this person. In UK terms it makes the Netherlands three times the size of Yorkshire, whilst having 350% of its population, so it is decently comparable.

Even as his views were only tame in the first 3 hours, his extremists’ views were soon loud and harsh. So a lot of politicians and media starting to ignore him, which I always thought was a mistake. If you want to take power away, you need to make that person fall on his sword called ego. The media and politicians thought it would go away, which did not happen. What did happen that people were too frustrated with the elected politicians and in the 1994 elections, he ended up with the power of three seats, not one seat, three! He now had (for a short term) power and a vote in all the events, now all parties united against his actions and views, so they had to unite in resources stopping him. In all this Hans Janmaat often used economic arguments in his tirades against immigrants, just like Adolf Hitler did and some usurpers before (and after) him. Yet, the setting was a dangerous one and it was deflated by politicians setting a sphere of ignoring him around him, silencing the issue away and it did go away after a while. Yet did they actually deflate the situation? Now we see a similar setting to some degree with the Dutch politician Geert Wilders, who merely has a more tempered view in all this, yet for the most still very ultra-right oriented, he has not gone away, he is now the political leader of a party that has 20 out of 150 seats in the House of Representatives, 9 out of the 75 Senate seats, 66 of the 570 state provincials and 4 of the 26 European Parliament seats. Remember how this setting started with 3 seats?

In addition, the Professor Emeritus Meindert Fennema gave the argument in 2006 that Hans Janmaat was in the end convicted for making statements that has become common place in 2006, a gap of a mere 12 years. the political climate had changed in the Netherlands, partially due to the assassinations of politician Pim Fortuyn and Dutch film director and producer Theo van Gogh, the 9/11 attacks did not help any either. Geert Wilders followed in his footsteps (to some degree) and is the current leader of the Party for Freedom (Partij voor de Vrijheid – PVV). When we want to expose extremism, even Christian extremism, it can only be done by pointing it out in the media, we acknowledge that there are plenty of people who are sheep. They remain sheep because they merely follow, they cannot tell the difference on quality of who to follow and that is dangerous too. Some presenters (in politics and media) go into academic overdrive to the degree that can put any insomniac asleep roughly 92% faster than a double dose of Restoril (Temazepam). In many cases we need to educate the people, not sound more intelligent then them; this is the setting I have and now we get to the article ‘Sky News removed from Melbourne railway stations after extremist interview‘. The article (at https://www.theguardian.com/australia-news/2018/aug/09/sky-news-removed-from-melbourne-railway-stations-after-extremist-interview). Important is that I do not disagree, but at times the right thing is wrong. You see, when we see Jacinta Allan, Victoria’s transport minister give us: “I’ve directed @MetroTrains to remove @skynewsaustralia from all CBD station screens. Hatred and racism have no place on our screens or in our community. #springst“, I think she has a good and valid point. Yet, if we do not educate the people on what is wrong and why it is wrong, such a person can get elected in the end. After that it will be one complete political term of fixing the floor whilst the tap is running and the mess merely gets bigger. So when I see: “The move comes after the network interviewed Cottrell on Sunday night and the broadcaster was accused of “normalising racism and bigotry” by the former Labor MP Craig Emerson“, people will state that it makes sense that we see ‘quit his role at Sky News following the broadcast‘, yet the damage is done. A partial opportunity was grabbed by Laura Jayes when we see: “As if to prove my original character assessment…. Blair Cottrell posts (and later deletes) some weird suggestion about raping me on air. He’s not just a fascist. He’s down right dangerous” and she is not merely correct, she is absolutely right! A person like this is dangerous, the economic climate is here, just like it was in the Netherlands and there is plenty of hardship. People like Cottrell will state things like ‘it could be better, but no one will listen to me‘. Soon he has one person listening, then a second, then 4, eight, 16, 32 and that is merely in the first day, on the second day, the 32 will incite 64 to listen and it goes up quickly after that. If you decide to disagree, please feel free to watch the movie (at http://www.abc.net.au/news/2017-12-04/billy-bush-says-infamous-access-hollywood-trump-tape-is-real/9224358), where a famous person decided to state ‘You can do anything, grab them by the Pussy‘, for your reference. That person is now addressed as ‘the 45th and current President of the United States‘, so smothering the silence and actual take action to show the danger of such a person is a more essential act then you think.

The same mistake that we saw in the Netherlands and several countries in the past should not happen, the only way to get these people out of the picture is to let them rant live on TV and make sure the people realise how dangerous it is to listen to people like that. So in this Jacinta Allan is wrong and Laura Jayes is right. Only by clearly exposing these people and making sure that such a person is ‘down right dangerous‘, preferably with evidence and stating why this person is dangerous that is how you deflate a situation. Most politicians are more about hearing their own voice and not about removing others by letting them speak and there is to some degree validity in that. Yet, when we see that not invalid view fail again and again, other ways need to be found. You see when you start skimming the news, reading the headlines. we see ‘Sky News sponsor backlash mounts‘, ‘Sky News removed from Melbourne railway stations‘ and ‘Victorian government bans Sky News from train stations‘, now it is all about Sky News and people might ignore the rest. Yet the headlines could have read ‘Blair Cottrell states that woman are happier with rape‘, ‘Extremist views removed from Melbourne stations‘, or ‘Blair Cottrell gets advertisers to drop contracts‘. Now the focus becomes Blair Cottrell and people will want to know why, more important, they will clearly see why Cottrell is ‘downright dangerous‘. With a person like Blair Cottrell it is not about bringing nuance to the screen; it is a tactic that works in his favour, by giving people the blunt direct version many more will shy away, those who optionally still admire him will do so silently, so growth of listeners is no longer a worry either. The sheep mentality also implies that something less acceptable will be pointed out and set into the limelight that people like Cottrell really tend to dislike, especially when they have political aspirations.

You see, there is a second danger and that is the one we do not see, but they are in the US. CNN reported less than 10 hours ago (at https://edition.cnn.com/2018/08/08/politics/donald-trump-primaries/index.html), that it is not merely getting into power that counts, the setting we see with “In the last 14 contested Republican primaries where President Donald Trump has endorsed a candidate, his pick has won — or is leading — all 14 times“. With: “John James in Michigan’s Republican Senate primary, who had been considered an underdog prior to the Trump endorsement, won the right to face Democratic Sen. Debbie Stabenow“. President Trump was not merely a president; he became a kingmaker 14 times over. So it is no longer merely him we need to worry about, it is that there are now 14 small time Trumps on the rise. So when you think that silencing Blair Cottrell helps, consider what happens when he gets in because he got endorsed by Pauline Hanson, current senator of Queensland and it ended up working because the people did not realise just how dangerous he was?

The US as well as European politics have shown that several times over. It was a miracle that someone pulled current President Emmanuel Macron out of a hat, it was a close call between that option and the alternative that President Marine Le Pen would have offered. Several sources gave rise of the situation with “the strategy of fear mainly reinforces Le Pen’s popularity“, I am against fear mongering and there was almost no option, because everyone considered that it would never happened. Not only did it almost happen, In Italy Matteo Salvini, the initial underdog is now Deputy Prime Minister of Italy. I think it is clear that we need to accept that doing the Ostrich (a head in sand pun) will not cut it. In case you think it is going to sizzle out, consider the Guardian (at https://www.theguardian.com/world/2018/aug/05/italy-coalition-cracks-five-star-salvini-racism), where we see: “Roberto Fico, M5S MP and president of the chamber of deputies, spoke out against a controversial pact with Libya that sees migrants forcibly returned to war-riven north Africa“, speaking out against a setting where refugees are send back to a war front setting. Salvini just got elected; Italy has 5 more years of this setting. With this I hope we all agree that giving the limelight of danger on just how dangerous Blair Cottrell is, is preferable than him gaining strength and followers in silence, because AFTER an election there is very little we can do for that term, a clear view with five examples where we only see one case with a narrow escape, not a good track record to work with.

I have always believed (and rightfully so) that given the setting where you give a short-sighted person enough rope, they will end up hanging themselves again and again. It is like the overeager DIY person and the ability to paint himself into a corner that tends to be the most satisfying setting of all. In such cases I am more than happy to sponsor the bucket of paint and the brush, seeing a person sit in a corner. On a personal level, if that person ends up being Jason Sudeikis, I will make sure that his wife Olivia Wilde is not in the corner with him, seems like fun challenging her to several games of Splatoon 2 on the Nintendo Switch (one Nintendo Switch each mind you) and after each round both of us shouting out: ‘You OK there Jason?‘ should make an amazing afternoon of gaming, possibly the best one ever!

I have been known to be creatively sneaky under the most diplomatic of settings.

#SplatoonOrangeChampionsRule

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Cheese Pizza with Oregano

I love Pizza, I hardly ever get it, merely because the people here tend to rely on Domino’s and Pizza Hut and neither tends to be a true pizza (as I personally see it). As I walked through Sydney over the last week, it dawned on me just the massive lack of actual decent Pizza places in Sydney. It is almost like they are no longer in a sustainable environment. People got used to the cheap solutions two chains bring and they call it Pizza. All the people in the neighbourhood accepted it as the real deal and now, we forgot what true awesome Pizza is like. Now, I am a little off the wall here. I love my Cheese Pizza, with the 5 cheeses and loads of Oregano on top. So when I think Pizza, I always think of the Bravo Trattoria Pizza’s at Crow’s Nest, they are my favourite! Yet, is it about pizza, or the place, or what Pizza actually is? You see, it does matter when we consider the Financial Review (at https://www.afr.com/personal-finance/italys-debt-barely-sustainable-ubs-chief-economist-20180601-h10uun), we see here what I said weeks ago and last week to some degree. When we see “Italy’s debt-to-GDP ratio of 130 per cent is “borderline sustainable”, the UBS top economist says. There is a level of the primary budget surplus which keeps debt stable, and above which you can begin to pay down your obligations, Kapteyn explains. For Italy this figure is a surplus of 1.3 per cent of GDP, versus the actual surplus of 2 per cent. It’s a skinny buffer of around 0.8 percentage points which at current debt levels “doesn’t inspire confidence”, Kapteyn says“. That is merely the tip of the iceberg. The issue is not that it is Italy, it matters more that it is one of the big four. UK, France, Germany and Italy are the large economic suppliers of a 27 nation bloc where they basically represent well over 50% of the EU economy, the fact that they all are in deep debt does not help and the fact that the UK is getting out, or is that ‘was trying to get out‘? So when we see add the issues of the UK and now we see how the Italian issues are growing and France is not far behind. A 27 nation failure due to the inability to set proper budgets, deal with debt levels and add to that a failed economy jump start that is now close to 3 trillion Euro printed with no real prospects to pay for any of it. That revelation is why Italy seems to be vacating the union. The action by President Sergio Mattarella by rejecting the Eurosceptic finance minister and put in his place Giovanni Tria a pro-EU professor. This is perhaps the first setting where we see that voting is no longer an issue for any government, the holier than thou setting of protecting the Euro and the EU against all odds, whilst those in the EU commissions are massively overpaid is setting the foundation of a dangerous mindset. The issue that the AFR is bringing to light is “markets are not pricing in the risk of an Italian exit, they are repricing the risk of a Italian default“. I always rated the Iexit (aka iLeave) setting very low, the two populist parties in charge was not that realistic in 2016 and when Marine Le Pen was ‘surpassed’ by a former investment funds manager we were all wondering what would come next and I thought it would lower the chances of the populists in Italy. And the news is not getting any better. We see that with “The European economy hit a wall over the final months of last year, with growth dropping from a quarterly growth rate of 0.7 per cent to more like 0.4 per cent. Economists are unclear of the reasons for the slowdown, but broadly believed the European economy would quickly rebound“, the issue I personally see is ‘broadly believed the European economy would quickly rebound‘, not the slowdown. You see there is no evidence that there is an actual quick rebound. There is every chance that there will be a rebound, but it will not be quick. The fact that these so called experts are all thumbs when it comes to their forecasting and with 0.3% unaccounted for, we can see that they are in the dark or playing the bad news cycle. I personally believe it to be the second one. And the Italian issues are increasing. Not merely the debt settings, it is a changed political landscape. Even as Paolo Savona was replaced by Giovanni Tria, there is still “Mr Di Maio will be vice-premier and minister for labour and economic development, including trade policy. Matteo Salvini, head of the League, will also be vice-premier and interior minister in charge of immigration“. This we got from the Financial Times (at https://www.ft.com/content/79cf905c-64a8-11e8-90c2-9563a0613e56). This duo is going to be a lot more important than even I initially thought. They now have a handle on labour economic development and immigration will see larger changes. There is no way to predict whether that is good or bad. If we listen to people like George Soros we are instantly rejecting liberalism, because it is easy to be a liberalist when you are a multi billionaire, yet he had no issues to short sell US$10 billion worth of Pound sterling, earning a billion in the process during the 1992 Black Wednesday UK currency crisis. He did nothing wrong, he played the system when he could and make a billion. Things like that never go away and he must regard the EU zone as a very profitable short sell opportunity, which makes whatever he is trying to do dangerous, so in that light all his settings for “Best for Britain pushes for second referendum on Theresa May’s deal with EU“, a cause he is backing is very dangerous. In this by pushing the UK away from Brexit, the pressure on Italy decreases. The dangers become that irresponsible spending in the big four can go on for several more years and there is no way to control the ECB and their puppet masters. Unelected people deciding on the descent of financial futures in 27 nations that is how I personally see it. You can agree or disagree, yet ask yourself when was the last time that any European got a decent explanation on who of how the 3 trillion euro spend was going to be dealt with? You see over a decade in an economic setting that is close to the late 90’s, whilst keeping strict austerity in play all over Europe. There is quite literally no way that this will happen, because politicians will adjust their policy towards any speculative proclaimer of ‘the European economy would quickly rebound‘ economists, whilst not prosecuting them when they get it wrong (merely because making any claim of expectation is not a crime, is it?). A setting that the people have no chance of winning, hell, they won’t ever be able to break even on this. This shows that Brexit will be a hard, but the better way to go. When billionaires start proclaiming how bad it is and how ‘we all’ can get a better deal that is when you become afraid for your life and that is what is at stake. And we see this in the Australian Financial Review with ““creeping into the market”, Kapteyn says – “a potentially dangerous one”. After the glory days of 2017 in which investors basked in a globally synchronised upswing, markets are now faced with the potential return of the two-speed world economy: the US vs the rest“, so when we get “America’s economy is growing around 3.5 per cent; some independent analysts estimate growth as fast as 4 per cent. Europe is “at best” growing by 2 per cent“, that shows the dangers, because as George Soros is getting the winnings, the other players do not, from my point of view it is a form of leeching, leeching Europe dry for the term of a generation or better. You see again it is a personal view, it is why Best for Britain is getting the support, it is about delaying Brexit at the very least for as long as possible, merely because it stops the game people like George Soros are likely to be playing and when that stops Europe can start bringing things about, hopefully for the better, especially as the ECB will be forced to print money for all kinds of dubious reasons, dubious because kick-starting the economy after you printed 3 trillion to try it twice is just ridiculous, that money has to be paid back at some point and everyone is in denial about the latter part.

Yet this is still about Italy, not the UK. You see, Italians want what is best for Italy and I am fine with that, I believe in a healthy sense of national pride. Yet with “Italy’s debt-to-GDP ratio of 130 per cent is ‘borderline sustainable’” they are facing an ugly truth, Italy needs to face 5-15 years of Austerity, yet with the ECB trying to economically equalise Europe, at the cost of the big four, so it amounts to Italy trying on top of an economy for 60 million Italians, whilst they are weighted with invoices for close to 250 million Europeans who can’t be bothered to get their house in order. it amounts to giving an addicted gambler $500 whilst they are only allowed to use $10 for gambling, you tell me how long it takes for things to go really wrong, and that is pretty much a given on this situation. It was seen in the Netherlands 2012 and 2013, and now we see, when we look at the Dutch government statements with in September 2017 we see “The economy will grow by 3.3% in 2017 and a projected 2.5% in 2018“, we see the EU commission giving the Netherlands a ‘mere’ 3.2% last month for that same timespan. Now the 0.1% is actually pretty good, but it is still dangerous when it is a 0.1% in Italy, the issue is seen when we see that the Netherlands has a 65% debt level against Italy at 130% of GDP, and the Dutch are actually in a much better position, so the 0.1% is no actual pain level. Portugal, Spain, Greece, Belgium and Italy all have debt levels well over 100% of GDP, several other nations are somewhere between 60% and 80% of GDP, whilst France is at 99.8%. It is the debt levels that are excellent for banks and not so good for the people. You see, when the big four are required to pay €254 billion in interest each year and that is just the large 4, how do you think that this gets paid for? A decade of inability to set a proper budget and all this is before we consider the €3,000 billion that the ECB printed for what they call Quantative Easing. That is what Italy needs to get away from and at 135% they have the hardest job of all. So when you see that all that money goes all to the banks, short sold loans that they never had the money for to pay for can you see just how dangerous the George Soros setting is in all this? It all impacts Italy to some degree. These are not merely the facts; there is also presentation, representation and misrepresentation. The issue is in the Australian Review, it is the view of Arend Kapteyn. Yet where is he at when he gives us “We are only now at the beginning to find out how responsible or irresponsible [the new coalition government] are going to be on the fiscal side“, you see, the setting then becomes what is irresponsible? Being not pro Eurozone, being forced to default whilst the alternatives are just too unacceptable for the Italian people? So is he the pro greed setting, or the pro solution setting, because with such debt levels we can almost unanimously accept that these two choices are mutually exclusive. The most interesting political part is that Enzo Moavero Milanesi is now Minister of Foreign Affairs. I would have thought that the populists wanted that part for themselves, the fact that this post is now with an Italian independent is an interesting choice, if the populists can work with this setting and use it to maximise their economy by setting new option and opportunities, Italy gets an optional path where minimised immigration and maximised economy could have a setting where the Italian unemployment rates could fall to a number below 10% over the next 24 months (highly speculative on my side). If they pull that off, the entire euro sceptic setting could grow a lot faster than would have been possible with Paolo Savona in the mix.

No matter how you slice the Pizza, the factual and actual quality Italian dish is under massive amounts of pressure on several sides and any Italian thinking that their life will get better in the short run is just gobbling down a [Unnamed Franchise] Pizza, bland food that look like a UFO and tastes not as great. The fact is that like Germany did earlier this decade, Italy will know 5-10 years of hardship, yet when persevered Italy could have an actual growing economy for a much longer time, something to look forward to (if you are Italian). Can this government pull it off? That is hard to say because it has been shown that the actions of the ECB are close to non-stoppable and that will still impacts the bottom line. It is good for America and George Soros in the short term, yet after that they will not care and Europe will not be going anywhere ever soon. That danger is just ignored all over the place. Just 2 days ago the Financial Times also gave us “There are still two weeks to go before Riga, but naming an end date for QE right now would be like the ECB shooting itself in the Italian boot,” said Carsten Brzeski, economist at ING-DiBa. “The Italian situation has tilted the balance towards the doves [and] clearly calls for the ECB to keep its options open and even to make clear that they will extend QE at least until December” (at https://www.ft.com/content/dd6b5d70-6413-11e8-90c2-9563a0613e56), which is already an extension of well over a year. so when we see “The ECB has pledged to reinvest an average of €15bn a month over the first four months of next year, using the proceeds of government bonds bought under QE that have now matured” in that same article, we need to consider ‘bonds that have now matured‘, so that danger is seen in the Spanish setting where we see from some sources: “Spain will have refinancing requirements that exceed €300 billion per annum before 2022. In 2018, 41.2 billion euro, in 2019, 82.4, in 2020 83.9 and in 2021 58.5 billion euro, with 60.4 billion maturing in 2022“, so this fiscal year Spain will be required to find €41 billion, or increase taxes or cut services, and it will be twice that amount next year around, so how exactly is Spain in a setting to get the economy back whilst the debts are rising beyond normal control? Italy faces “84 billion euro maturities in 2018, 161 billion in 2019, 164 billion in 2020 and 172.5 billion euro in 2021” do the Italian people know that they are in such deep and hot waters? I wonder, and when they get confronted with that part of the bad news cycle, what will the previous and opposition then proclaim? I wonder if we will see true honest coverage on that blame game. I will order a decent Pizza to watch that unfold, because there are merely the two larger players in the EU-debt zone bloc confronted with the hardships that will hit them hard. Pushing these debts forward is just not a workable solution, not when the debt exceeded 130% of GDP, if you doubt my words, just talk to the average Greek in Athens and ask him how his quality of life is nowadays.

So as you wanted that your slice of life included a slice of pizza, consider the 99% in Italy who soon face the reality that they are no longer able to afford that for a long time to come.

 

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It’s a kind of Euro

In Italy things are off the walls, now we see ‘New elections loom in Italy‘ (at https://www.theguardian.com/world/2018/may/27/italys-pm-designate-giuseppe-conte-fails-to-form-populist-government), where it again is about currency, this time it is Italy that as an issue with ‘country’s Eurozone future‘. In this the escalation is “the shock resignation of the country’s populist prime minister-in waiting, Giuseppe Conte, after Italy’s president refused to accept Conte’s controversial choice for finance minister“, there is a setting that is given, I have written about the folly of the EU, or better stated, the folly it became. I have been in favour of Brexit for a few reasons, yet here, in Italy the setting is not the same. “Sergio Mattarella, the Italian president who was installed by a previous pro-EU government, refused to accept the nomination for finance minister of Paolo Savona, an 81-year-old former industry minister who has called Italy’s entry into the euro a “historic mistake”“, now beside the fact that an 81 year old has no business getting elected into office for a number of reasons, the issue of anti-Euro Paolo Savona have been known for a long time. So as pro-EU Sergio Mattarella decides to refuse anyone who is anti-EU in office, we need to think critical. Is he allowed to do that? There is of course a situation where that could backfire, yet we all need to realise that Sergio Mattarella is an expert on parliamentary procedure, highly educated and highly intelligent with decades of government experience, so if he sets his mind to it, it will not happen. Basically he can delay anti-EU waves for 8 months until after the next presidential elections. If he is not re-elected, the game changes. The EU has 8 months to satisfy the hearts and minds of the Italian people, because at present those options do not look great. The fact that the populist choices are all steering towards non-EU settings is a nightmare for Brussels. They were able to calm the storm in France, but Italy was at the tail end of all the elections, we always knew that, I even pointed it out 2 years ago that this was an option. I did mention that it was an unlikely one; the escalating part is not merely the fact that this populist setting is anti-EU; it is actually much stronger anti Germany, which is a bigger issue. Whether there is an EU or not, the European nations need to find a way to work together. Having the 2 larger players in a group of 4 large players is not really a setting that works for Europe. Even if most people tend to set Italy in a stage of Pizza, Pasta and Piffle, Italy has shown to be a global player and a large one. It has its social issues and the bank and loan debts of Italy don’t help any, but Italy has had its moments throughout the ages and I feel certain that Italy is not done yet, so in that respect finding common ground with Italy is the better play to make.

In all this President Sergio Mattarella is not nearly done, we now know that Carlo Cottarelli is asked to set the stage to become the next Prime Minister for Italy. The Italian elections will not allow for an anti-EU government to proceed to leave the Euro, Sergio’s response was that: “he had rejected the candidate, 81-year-old Eurosceptic economist Paolo Savona, because he had threatened to pull Italy from the single currency “The uncertainty over our position has alarmed investors and savers both in Italy and abroad,” he said, adding: “Membership of the euro is a fundamental choice. If we want to discuss it, then we should do so in a serious fashion.”” (at http://news.trust.org//item/20180527234047-96z65/), so here we all are, the next one that wants to leave the Euro and now there is suddenly an upheaval, just like in France. Here the setting is different, because the Italian President is Pro-EU and he is doing what is legally allowed. We can go in many directions, but this was always going to be an unsettling situation. I knew that for 2 years, although at that stage Italy leaving the EU was really small at that stage. Europe has not been able to prosper its economy, it merely pumped 3 trillion euro into a situation that was never going to work and now that 750 million Europeans realise that they all need to pay 4,000 Euro just to stay where they are right now, that is angering more and more Europeans. the French were warned ahead, yet they decided to have faith in an investment banker above a member of Front Nationale, Italy was not waiting and is now in a stage of something close to civil unrest, which will not help anyone either. Yet the economic setting for Italy could take a much deeper dive and not in a good way. The bigger issue is not just that Carlo Cottarelli is a former International Monetary Fund director. It is that there are more and more issues shown that the dangers are rising, not stabilising or subsiding and that is where someone optionally told President Sergio Mattarella to stop this at all costs. Part of this was seen in April (at https://www.agoravox.fr/actualites/economie/article/a-quand-l-eclatement-de-la-203577). Now the article is in French, so there is that, but it comes down to: “Bridgewater, the largest hedge fund (investment fund – manages $ 160 billion of assets) of the world has put $ 22 billion against the euro area  : the positions down (“sellers”) of the fund prove it bet against many European (Airbus), German (Siemens, Deutsche Bank) French (Total, BNP Paribas) and Italian (Intesa Sanpaolo, Enel and Eni) companies, among others. The company is not known to tackle particular companies, but rather to bet on the health of the economy in general“. So there is a partial setting where the EU is now facing its own version that we saw in the cinema in 2015 with The Big Short. Now after we read the Intro, we need to see the real deal. It is seen with “Since 2011, € 4 billion has been injected into the euro zone (that is to say into commercial banks) by the European Central Bank (ECB), which represents more than a third of the region’s GDP. The majority of this currency is mainly in Germany and Luxembourg, which, you will agree, are not the most difficult of the area. More seriously, much of this liquidity has not financed the real economy through credit to individuals and businesses. Instead, the commercial banks have saved € 2,000bn of this fresh money on their account at the ECB until the end of 2017 (against € 300bn at the beginning of 2011) to “respect their liquidity ratio” (to have enough deposit in liquid currency crisis).As in the United States, quantitative easing allowed the central bank to bail out private banks by buying back their debts. In other words, the debts of the private sector are paid by the taxpayer without any return on investment. At the same time, François Villeroy de Galhau, governor of the Banque de France, called for less regulation and more bank mergers and acquisitions in the EU, using the US banking sector as a model.” Here we see in the article by Géopolitique Profonde that the setting of a dangerous situation is escalating, because we aren’t in it for a mere 4 billion, the Eurozone is in it for €3,000 billion. An amount that surpasses the economic value of several Euro block nations, which is almost impossible to keep with the UK moving away, if Italy does the same thing, the party ends right quick with no options and no way to keep the Euro stable or at its levels, it becomes a currency at a value that is merely half the value of the Yen, wiping out retirement funds, loan balances and credit scores overnight. The final part is seen with “The ECB also warns that the Eurozone risks squarely bursting into the next crisis if it is not strengthened. In other words, Member States have to reform their economies by then, create budget margins and integrate markets and services at the zone level to better absorb potential losses without using taxpayers. A fiscal instrument such as a euro zone budget controlled by a European finance minister, as defended by President Emmanuel Macron, would also help cope with a major economic shock that seems inevitable. Suffice to say that this is problematic given the lack of consensus on the subject and in particular a German reluctance. The European Central Bank has issued the idea late 2017, long planned by serious economists, to abolish the limit of € 100,000 guaranteed in case of rescue operation or bankruptcy bank (Facts & Document No. 443, 15/11 / 17-15 / 12/17 p.8 and 9)” (the original article has a lot more, so please read it!

It now also shows (read: implies) a second part not seen before, with ‘The European Central Bank has issued the idea late 2017, long planned by serious economists, to abolish the limit of € 100,000 guaranteed in case of rescue operation or bankruptcy bank‘, it implies that Emmanuel Macron must have been prepped on a much higher level and he did not merely come at the 11th hour, ‘the idea issued late 2017’ means that it was already in motion for consideration no later than 2016, so when Marine Le Pen was gaining and ended up as a finalist, the ECB must have really panicked, it implies that Emmanuel Macron was a contingency plan in case the entire mess went tits up and it basically did. Now they need to do it again under the eyes of scrutiny from anti-EU groups whilst Italy is in a mess that could double down on the dangers and risks that the EU is facing. That part is also a consideration when we see the quote by Hans-Werner Sinn who is currently the President of the Ifo Institute for Economic Research, gives us “I do not know if the euro will last in the long run, but its operating system is doomed“, yet that must give the EU people in Brussels the strength they need to actually fix their system (no, they won’t). The question becomes how far will the ECB go to keep the Eurozone ‘enabled’ whilst taking away the options from national political parties? that is the question that matters, because that is at play, even as Germany is now opposing reforms, mainly because Germany ended up in a good place after they enforced austerity when it would work and that worked, the Germans have Angela Merkel to thank for that, yet the other nations (like 24 of them), ignored all the signs and decided to listen to economic forecast people pretending to be native American Shamans, telling them that they can make it rain on command, a concept that did not really quite pan out did it? Now the reforms are pushed because there were stupid people ignoring the signs and not acting preventively when they could, now the Eurozone is willing to cater to two dozen demented economists, whilst pissing off the one economy that tighten the belt many years ago to avoid what is happening right now. You see, when the reform goes through Berlin gets confronted with a risk-sharing plan and ends up shouldering the largest proportion of such a machine, that mechanism will avoid the embarrassment of those two dozen Dumbo’s (aka: numnuts, or more academically stated ‘someone who regularly botches a job, event, or situation’), whilst those people are reselling their idea as ‘I have a way where you need not pay any taxes at all‘ to large corporations getting an annual 7 figure income for another 3-7 years. How is that acceptable or fair?

So we are about to see a different Euro, one losing value due to QE, due to Italian unrest and against banks that have pushed their margins in the way US banks have them, meaning that the next 2 years we will most likely see off the wall bonus levels for bankers surpassing those from Wall Street likely for the first time in history, at the end of that rainbow, those having money in Europe might not have that much left. I admit that this is pure speculation from my part, yet when you see the elements and the settings of the banks, how wrong do you think I will be in 2019-2020?

So when we go back to the Guardian article at the beginning and we take a look at two quotes, the first “As the European commission unveiled its economic advice to member states last week, the body’s finance commissioner, Pierre Moscovici, said he was hoping for “cooperation on the basis of dialogue, respect and mutual trust”“. I go with ‘What trust?‘ and in addition with ‘cooperation on the basis of dialogue merely implies that Pierre Moscovici is more likely not to answer question and bullshit his way around the issue‘ and as former French Minister of Economy he could do it, he saw Mark Zuckerberg get through a European meeting never answering any questions and he reckons he is at least as intelligent as Mark Zuckerberg. when we see “Cecilia Malmstöm, said “there are some things there that are worrying” about Italy’s incoming government“, she sees right, the current Italy is actually a lot less Euro minded than the setting was in 2016-2017, so there is a setting of decreased trust that was never properly dealt with, the EU commissions left that untended for too long and now they have an even larger issue to face. So that bright Svenska Flicka is seeing the issues rise on a nearly hourly basis and even as we see the play go nice for now, they will change. I think that in this Matteo Salvini played the game wrong, instead of altering an alternative for Paolo Savona and replace him after Sergio Mattarella is not re-elected, the game could have continued, now they are busting head to head where Matteo is nowhere near as experienced as Sergio is, so that is a fight he is unlikely to win, unless he drops Italy on a stage of civil unrest, which is not a good setting for either player.

We cannot tell what will happen next, but for the near future (June-September), it is unlikely to be a pretty setting, we will need to take another look at the Italian economic setting when the dust settles.

 

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The Global Economic Switch

There is a shift going on, now this shift is still in the planning stages, but the switch is very real and as we see the crumbling switch from enabler and entrepreneur, the US is moving towards becoming a mere consumer and dependent user. That is a switch some might have seen coming, others have not seen it at all and some are still in denial, claiming it is a short term inconvenient stage. I have no idea which is true, but the events that are a given are showing to be more than a mere short term event and the diplomatic impact will equally show to be a long term impact on what the US had and what it will become. Now there are indicators, but the image is not seen in a single view, so let’s paint this picture for you whilst adding the sources.

Saudi Arabia

The Saudi Arabian announced investment (at https://www.cnbc.com/2018/03/05/saudi-arabia-and-egypt-agree-to-a-10-billion-deal-to-build-a-new-mega-city.html), is actually a lot more than the $10 billion forecasted, because the value as I showed in over the last year is more than becoming a reality, it is now in a planned stage, and planned much larger than I foresaw it going. It starts with “Saudi Arabia and Egypt have agreed to create a $10 billion joint fund to develop a mega-city in Egypt’s southern Sinai Peninsula, with both countries committing more than 1,000 square kilometres (386 square miles) of land to the new project“, you see, depending on the distance from Sharm-El-Sheikh the infrastructure will grow much faster and even as they will rely on what Sharm-El-Sheikh has, the growth of this new Mega-city could be the start of the tech-hub that benefits both Egypt and Saudi Arabia. As the technology hubs grow, so will the economy. It is also the first part to start getting combined 4G/5G preparation in place, because as this technology becomes available Saudi Arabia now has a first advantage in both upgrading its services and that gives optional access to 23-32 million out of a 95 million population. With the tech hubs, both the Sinai one as the half a trillion dollar NEOM, there will be a massive growth in dependency and requirements for technology. There is in addition, the Barcelona World Mobile Congress where on February 26th Huawei announced its full range of end-to-end (E2E) 3GPP-compliant 5G product solutions, now the other players will be following, yet Huawei has an advantage for now. With “The featured products are also the only available options within the industry to provide 5G E2E capabilities” we see that Huawei has chosen a path that allows them to grow and they will not be alone, but for now they are ahead of the crowds, so even as we see now “Huawei partnered with Zain Saudi Arabia, signing a Memorandum of Understanding promising to develop a new network strategy in the Kingdom. The aim of the MoU is to accelerate the realization of 5G networks and assist Zain in building the most advanced end-to-end networks in the region. The two companies will work together to accelerate the deployment of 4.5 to 5G networks, make further advances towards full cloudification, and produce additional strategy and planning in the field of ICT Synergy Cloud” (at https://www.arabtimesonline.com/news/huawei-outlines-vision-5g-future-co-unveils-latest-innovative-products-solutions-mwc/) merely a day ago. I gave that indication almost two weeks earlier, so how is that for a prediction. So even as the US is setting the bar at “Chicago, Los Angeles, Dallas, Atlanta, Washington, DC and Houston” to be the first with 5G at the end of the year, what happens when you need to reach out to Wall Street and Manhattan? Will that be merely 4G, or will you suddenly experience other issues (between providers, reception issues and so on; oh, and as you go from protocol to protocol switching per cell tower on the move, watch that battery power drain as the battery percentage goes down like a timer in seconds 75, 74, 73, 72, 71 and so on. Please do not take my word on this, it is much better when your own eyes see the battery counter go down, it adds to the dramatic effect when you hear me howl with laughter (stating: ‘I told you so’). So even as the article ended with “Ken Hu, Huawei Rotating CEO, said: “The intelligent world is drawing near, filled with potential and possibilities. Ground-breaking technologies like 5G and IoT promise to solve complex business challenges and improve the lives of the population. Yet challenges remain on our path before these dreams are realized. MWC 2018 was an excellent opportunity for us to meet with other leading companies and discuss how together we can overcome these obstacles, achieve sustainable business growth, and Build a Better Connected World.”“, I will admit that I have an issue with that part, you see with ‘IoT promise to solve complex business challenges‘, we see the implied solution, but the IoT (Internet of Things) is merely the applied hype word in a solution that has not been designed yet. It is true that the application of IoT is a solution in itself towards a whole shoal of options and challenges, but as we consider that the 4G smartphone brings solutions, it requires the apps to be there and solve actual settings and that takes time, like all other needs. In that regard I see the IoT as the old sales technique of selling a concept before the product exists and I always thought that to be a broken non resolving approach to the greedy salespeople coming with a ‘pay it forward’ solution that is paid for before the product has been completed. It is a dodgy need, because in the end the (business) consumer needs and actual product to work with. Yet that might just be me imagining things.

United States of America

The view here starts with the Financial Times, who brought us ‘Currency markets send a warning on the US economy‘ (at https://www.ft.com/content/de57a6a2-1e32-11e8-a748-5da7d696ccab). So even as this is about the financial markets, there are a few points to take away from that. First there is “The pattern of higher interest rates and a weakening currency suggests that on multiple dimensions US assets now have to be put on sale to convince foreigners to hold them or induce Americans not to diversify into overseas assets. This pattern is relatively uncommon in the US though it happened in the Carter administration before Paul Volcker’s appointment as chair of the Federal Reserve and in the Clinton administration before Treasury secretary Robert Rubin’s invocation of the “strong dollar” policy. It is fairly ubiquitous in emerging markets where it reflects anxiety over a country’s policy framework“. The dangerous part here is ‘convince foreigners to hold them or induce Americans not to diversify into overseas assets’; you see it is a move of limitation, either the non-American buyer holds onto the for a much longer time, which needs convincing (usually with higher yields), as well as stopping Americans to go overseas into other markets, so it is not actually an ‘or’ situation, it is actually an ‘and’ setting where the inclusion needs to be both to remove doubt and volatility. The article ends with “The confidence of global markets is much easier to maintain than to regain. Currency markets are sending a signal that the US is not on a healthy path. Its time for the US to strengthen the strong fundamentals on which a strong dollar and healthy economy depends“, you see that view is set not merely in the war of tariffs, it is set where the global markets have been seeing a decline in US activity and more important acts that show that the US economy is feeble and the US infrastructure is not in strength, it is merely getting by and that is a dangerous place to be in. Even as I predicted that the inactions and the inability to act against Russia will be felt when Russia calls the bluff of America, it is now showing that the US on a larger scale is showing to be set towards a series of hurdles that will stagnate its economy and over the long haul (within two years) will show the danger of another recession, so when that happens and projects get halted, how will Sprint and other players pay for 5G? Entrepreneurial innovation tends to demand buckets of cash, cash that is not available, certainly not readily. Protectionism is merely the first hurdle and one of at least three in the setting of the tariff war. The Financial times gave the people the biggest fear and doubt on February 21st with “US ‘too big to fail’ regime set for Trump overhaul“, that ‘too big to fail‘ has been used before and a whole bunch of billionaire grapes got bitten rather badly in Europe. It is not merely the Chapter 14 implementation with the by-line ‘to shield the tax payers’, it is the text “Both Wall Street and overseas regulators have warned the administration over the dangers of dismantling the system but the Treasury said it wanted to narrow its use so it could serve only as a last resort“, the fact that ‘narrow’ and ‘Wall Street’ imply that the Chapter 14 will lack the teeth it needs and as such it is another parachute for the 1% bankers, banks and those making upwards of $253 million a year. So how much will this marker cost the tax payers in the end? Even as there is an abundance of recession fear articles and announcements by the media at large, that part even as it is likely to happen, it is not certain to happen and that fear needs to be removed (by other means than the Chapter 14 messages). You see, the problem is that the 1% has enough wealth to survive the next two recessions, whilst the quality of life of the other 99% has not been pushing forward towards the level it needed to be. So they will get hurt really bad if another recession happens within the next 16 months, which is close to all speculated views by the media at large. Whilst that is not much of an indication, the events in Saudi Arabia is only one element, the other elements is the one we will see next

Other players

There is more than one player in all this. The first is seen by CNBC (at https://www.cnbc.com/2018/03/05/saudi-russia-oil-deal-leads-to-bigger-russia-role-in-middle-east.html), where we are treated to “The partnership with OPEC, led by Saudi Arabia, allows Russia to strengthen its hand in the Middle East at the same time the U.S. role has been diminished“, the diminishing of the US as stated by other sources closes doors to the US on several shores, a dangerous change that comes at one of the least fortunate times. The quote “it is now the foundation for a broader relationship that has the potential to reduce already waning U.S. influence in the Middle East” is foremost set to the chilling friendships with Syria and Iran, it is not merely there. Turkey has been out of control for the longest of times and now that Turkey is smelling blood, it is trying to get much more out of the US, making them a very expensive ‘friend’, more so, the question becomes was Turkey ever a friend? In that whatever bites there could hinder the US with its access to the Middle East at large. Should Incirlik and Izmir become an issue, the economic print of the US would drastically change, because that would require the US to find a way to grow the option to get a base in Saudi Arabia and optionally in Israel. Whilst neither is a given, the costs of that will be staggering and the economic footprint of the US will equally become an issue down the road. Even if there would be an option to get one in Western India (who would like that economic windfall in their region), it would be a drastic fund pressuring move for the US.
Another option would be in Egypt and if that becomes an option it would in the longer term benefit both Egypt and Saudi Arabia, whilst Egypt gets to grow its stability in the Sinai, the US would become a much larger target in Egypt, wherever its base would be placed. So that too would come at a cost for the US in a time it needs to turn over every dollar it spends. Another is Jordan, but there is no way to tell the impact, the costs and the options in that regard as I have no clear information or sources to give at this time. You see, the memorandum of understanding was signed with Jordan with Rex Tillerson a mere 3 weeks ago, so adding a conversation of adding a US base there might not be the one that would work (pure speculation from my side). In addition, the EU News (and others) who gave us “Commissioner for Trade Cecilia Malmström added: “These US measures will have a negative impact on transatlantic relations and on global markets. In addition, they will raise costs and reduce choice for US consumers of steel and aluminium, including industries that import these commodities”” gives rise that there is a cooling of ‘friendliness’ between the EU nations and the US to some degree, so there is that impact as well. I am not talking about the tariff, I am talking to the diplomatic language where Dutch Prime Minister Mark Rutte gave us “Relations with the United States can no longer be taken for granted“, which is not a good thing as the Dutch port of Rotterdam is the gateway to Germany and its industrial heart, in addition the US pressures on France regarding the Iran nuclear deal could impact the two, but that is not a given, even better, it is unlikely to be an issue, which is a plus point, for the US for now as the Italian elections are over and the anti-EU parties made a massive gain (from 4% to 18%, whilst they surpassed the Berlusconi party) is still an issue in play. I agree with the Guardian that stated that the EU-issue is not in play, but as we see (at https://www.theguardian.com/commentisfree/2018/mar/03/italian-elections-european-union-populism), the need for Berlusconi was the man to save them from populism has now become a non-reality, the impact will grow and in that matter the US would need to play nice, very nice with Italy. You see there was always going to be an issue with Matteo Salvini, yet the fact that they became the largest party with 37% was unforeseen. There is no issue with iExit as the Italian version of Brexit is called, but its anti-immigration policies will give headaches for many EU nations and as the impact of US-EU nations is cooling, becoming an enabler for Italy might be the wiser of solution for the US. The BBC (at http://www.bbc.com/news/world-europe-43294041) gives much more, but the power is at the end with “Voter frustration here in Italy but evident and ongoing in Germany too surely shows it’s time for Brussels to sit up and really pay attention“, the shown fact that Brussels have not been doing that is the anchor around the neck for the EU and that will impact the US numbers as well. Even as Germany was the biggest friend of the US in the EU, the tariff and, the EU army and the need by America for Germany to play a larger role in the EU borders (taking some pressures from the US) are all elements that put more and more pressures on the US, even as some of the needs by the US are very valid, we need to realise that Newsweek gave us “Germany’s top diplomat has told foreign policy experts that his country’s relationship with the U.S. has suffered irreparable damage under the administration of President Donald Trump“, even as the damage began in the previous administration (to a small extent), the chosen path by the Trump administration has been adding negativity to it all. Syria must be seen as the largest of catalysts in that regard, it is merely my sense of humour that the Germans see the forced ‘friendship‘ with the French as a larger issue than the actual absence of the US in all that, but that is just my take on humour.

All these elements are part of the economic switch in all this, in support of this, there are sources that show that Saudi Arabia wants to grow its arms industry and as SAMI (Saudi Arabian Military Industries) is sitting down with the Russian who are eager to accommodate, I need to wonder why the hell Raytheon and Northrop Grumman were asleep at the wheel, or decided to remain vacant from that setting. So even as Remington (American outdoor Brands) has a product of sheer excellence, they are now not at the middle Eastern table, but in a novel mentioned in Chapter 11 and seeking a quick sale, perhaps someone can tell me how much could have been gained at the Riyadh SAMI conference table? So even as we read (at http://www.business-standard.com/article/international/saudi-arabia-wants-to-make-their-own-weapons-russia-eager-to-help-118030300622_1.html) that “likely to alarm American policy makers, who worry about losing ground to Russia and China in the Middle East“, where we see that this is understated to the largest degree. With “They’re already planning to buy the Russian S-400 air-defense system, under a deal that would let them manufacture related products at home” as well as “Half of Saudi procurement is supposed to be done locally by 2030, from about 2 per cent today” we see the extent of the market lost for both Raytheon and Northrop Grumman as two of the largest players in that field. Someone (more than one player) was asleep at the helm and by playing the card of exclusivity the ended up playing the card of exclusion, which takes them out of the game as such and that is the issue in this, because as far as I see it we have not seen such a large shift of plays optionally towards Russia and away from the US since before WW2, perhaps it might be more correct that this has never happened to this degree in history, that too is a factor that must be considered; so, suddenly the extended play changes. I mentioned part of this on Feb 24th (at https://lawlordtobe.com/2018/02/24/losing-values-towards-insanity/) in ‘Losing values towards insanity‘, yet I only had some unconfirmed parts and no idea why I had some parts, I had these parts a week ago, yet all these parts came to me over the last 24 hours with 1-2 exceptions, now we see a shifted picture. When we consider LLC Megaline (as well as Concord Management and Consulting) where Yevgeniy Prigozhin and Dmitry Utkin allegedly have been preparing to grow an ICT/Mobile infrastructure in Syria, that whilst construction fortunes would be coming their way too, the entire growth with Saudi Arabia as an optional side allows those two to split a few billions between the two of them, whilst at the same time growing the other fields they have access to and get a seat at the Saudi Arabian table at the same time. A side I never saw as I did not have the information I have read over the last 24 hours. To get any additional part in that play could set me up for life within 3 years, to get a 400% better lifestyle in 36 months than the 36 years of hard work allowed me to get is what would get any person to change their pupils to dollar signs and that is merely in their need for ICT, Data farms, Mobile facilitation, Data systems, forecasting, reporting and logistical infrastructures. In all this we see the clear evidence as given by several players that is now on route in a place where the US has a setting that is diminishing, so as those currencies go elsewhere, do you think it will not impact the US economy. That is apart from the greedy pharmaceuticals that are now pushing on India for the longest time. It is an additional place where non-US players will have options to gain market share. All that because certain players in the patent field were enablers towards the few greedy US pharmaceuticals as they increasingly ‘demanded‘ more and more outside of the patent scope that was once given (the attempted Trans Pacific Partnership was clear evidence of that), now we see hat impact and the US is at the axis of an economic switch where someone else will soon decide whether that switch will be switched on or off, no longer as the setting where the US sets the status, which is something the US has not faced before ever as far as I can tell, even the 2004 and 2008 events did not remove that option from them, but that is now a reality from sources like Bloomberg, Reuters, the Financial Times, CNBC, BBC and other players are setting the view that we are getting now. Even as none as saying it outright, the news as given provides a speculated picture where that may become a reality. I do believe that it could be prevented to some extent, but at the current course of the US ‘Kingmakers’ and ‘Wall Street regents’, that reality is slowly being removed from the US table of decision makers and once that reality hits, when they have to report that the Switch is set to ‘OFF‘, the impact will hit pretty much every market where the US is policy maker.

A world where the US player involved goes from being exclusive to excluded!

I wonder how the media will then cover it and who will they blame, because they will always be about laying the blame.

 

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