Tag Archives: Matteo Salvini

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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Pasta Politica Rifugiata

Yes, Italian politics is at times like an Italian meal, chaotic on all levels and that is before the neighbours drop by to quickly say ‘hello’. So as the associated press is informing us on how the G20 members and their spouses are enjoying: “turbot fillet from the North Sea with spinach followed by fillet and cheeks from Friesian beef and for dessert, the guests could choose cheese or raspberries“, we see on the other side of the coin both “the European commission offered to resettle some 37,000 migrants, and relocate about 160,000 refugees from Italy and Greece. However, the Estonian authorities didn’t refer to this latest call, but rather focused on another way to deal with the issue” as well as “health workers, volunteers and police officers in southern Italian ports scrambled to identify, assist and send over 10,000 newly arrived migrants to reception facilities, the Italian government threatened to stop allowing NGO rescue ships to disembark migrants at its ports. The EU and its member states acknowledged that Italy’s capacity to host those attempting the sea crossing from Libya is reaching its limits, but did very little to help beyond pledging some additional funds and endorsing an Italian proposal to draft a code of conduct for the NGOs“, we see that the media has been lacking to commit to a decent amount of illumination of events. The latter quote from the EU Observer is directly in opposition with the Deutsche Welle as they give us “The Italian government threatens to close its ports and insists on NGOs signing up to a ‘code of conduct‘.“, so as one tells us that a code of conduct needs to be drawn up, the other one states that the NGO’s need to sign up for one. The BBC is clearly reliable and on the side of the EU Observer as they give us: “A deal has now been reached between France, Germany and Italy to tighten regulations on NGOs and develop a code of conduct” (at http://www.bbc.com/news/world-europe-40505337), yet this is not enough, the BBC also gives us: “Ambrogio Cartosio, the chief prosecutor in Trapani, said he felt that the NGOs were somehow encouraging the people smuggling trade. ‘It pushes the traffickers to load the migrants on ever more precarious vessels. They can be sure that after a few miles, they will be picked up by the ships,’ he told me. The buying and selling of people is big business and the human trafficking trade continues to become more sophisticated and organised“, which gives the alarming notion that the NGO’s are propelling human trafficking as the flesh dealers need not concern themselves with the ‘whole trip‘ maximising their profits even further.

In all this Italy, a nation that seems to be ‘jet set’ is stricken by hardship and poverty. As Italy is dealing with a youth unemployment rate of 36.9% and a total unemployment rate of 11.3%, the Italians are feeling the crunch of the cost of living. Even as the search engines are giving us on how ‘affordable’ life in Italy is, we get the clear view that it eludes these people that to meet the cost of living, one needs to have a job. The refugee crises is draining resources even faster than ever before and Italy has no clear option to deal with these 200,000 mouths to feed, with 10,000 arriving merely a week ago. So as we understand that there is a need for a code of conduct, we also need to realise that a man bleeding from the jugular might not have the strength to go over the papers before signing. Even as the amount of refugees getting in via Greece is slowing down, the rush to Italy is only picking up. The BBC article in addition shows on how massive the rivers stream of refugee is through Africa. From Somalia and Senegal, all bound for Libya and then Italy. There is in addition the security factor to consider, with this many refugees, there is no telling how many people of ill will are coming through as well. Even at 0.1% that is an optional 200 extremists. In this we see that the issues involving AISI are now escalating as well. The reality is that even as Sicily is in the Italian south, the lacking administration to register, tag and identify these thousand plus arrivals a day is now compromising the security of Italy. Let’s be clear here! I am utterly convinced that well over 99% is merely trying to escape utter poverty in Africa, that is not in question, yet the rest is optionally not and who are they? With the current situation, once in Italy their path is open to Rome and the Vatican, France, Austria and Switzerland. From there they could vanish into the wind. Apart from the need for a tagging system, there is an additional need. Not merely the need for registration, but the need for identifying the streams of how they got there and how. You see, we are all concerned about the short term issues, that most are forgetting that the facilitators of all this are in it for the long haul. We might not see any results for now, but in the long term we will get a pattern which will aid us in not merely finding the facilitators, but finding out whether it was merely cash or extreme ideology that is driving them. You might think that this is nothing and that I am making a big wind, yet am I? Consider the events of Paris; the moment any extremist would successfully create damage in the Vatican, how long would it be before someone wants the head of the head of AISI staked on a pike on the wall of the Castel Sant’Angelo?

I reckon that call comes within 24 hours of any successful event. The issue is that this situation has been around in Greece as well and so far it seems that there is no effective system in pace and all this has been going on for a few years now, so I reckon that there has been too much short term thinking in all this. So as we consider “The rest of the EU should step up to help Italy host the migrants and asylum seekers, but there is little willingness across the bloc to do this” (at https://euobserver.com/opinion/138458), as we see this, we see yet another failure of the EU, when we read: “Policymakers in Brussels grumble that the men, women and children arriving in Italy are not “real” refugees, but economic migrants – despite the fact that 43% of them are being granted protection on asylum or humanitarian grounds“, it is like watching the pot calling the kettle charcoal on ground of politically correctness. In all this Giulia Lagana is correct on several levels, yet from her point of view forgets a few sides (on perfectly valid grounds), as she looks at the facts and numbers as the senior EU migration and asylum analyst at the Open Society European Policy Institute. There are other considerations that are not on her desk, which is fair enough. In all this, as @laganagan she remains actively tweeting on a daily basis.

So what is to be done?

You see, before you can control a situation, you need to comprehend it. Now, whether the refugee is economic migrants or refugee does not seem to matter much, that person wants a better deal than they have and they will move mountains to get to a place where they could have a future. You the facilitators in all this are another matter. They have goals, and for a person to get from Senegal to Libya requires a massive trip under, at times, the deadliest of conditions. So either there is a support system in place to transport people and it is way too big a trip for one player. Or we are seeing the growth of prostitution through human trafficking in a way we have not ever see organised crime do before. Without data there is no way to tell and without tagging and identifying these people, all the people who arrive, the chances of mapping the options and possibilities, the EU targets will merely be dealing with the consequences until the stream runs dry and the EU as a whole does not have that amount of time.

So as we now see wave after wave of media stating that EU politicians are claiming that Italy is not alone, we need to wonder on what the hell they have been doing in actuality for the last 2 years. You see, Greece was already past the point of buckling and duplicating a police of Greece towards Italy should have been nearly as easy as pie, yet as we see, that was not the case. So what were they doing? So when we read as yesterday’s news that “EU interior ministers on Thursday pledged to back an urgent European Commission plan to help crisis-hit Italy, which has been overwhelmed by a wave of migrants arriving by sea from North Africa“, can we agree that these people have seemingly been doing fuck all?

In this same source (the Local Italian), we see “Central to Thursday’s talks was a European Commission plan which earmarks 35 million euros ($40 million) in aid for Rome as well as proposals for working with Libya and other countries to stem the flow of migrants“, which is a joke to say the least. In addition we see “While no new measures were adopted at the meeting, ministers expressed support for a “plan of action” presented Tuesday by the European Commission which puts in place, “better and more quickly”, certain elements previously agreed upon, according to a European source“, which reads to me like: “we need to get a plan of action, we have not put anything decent in place, but we word it to such complexity to leave the impression something had actually been done“, the media overreaction in all this is as I personally see it a mere facilitation for EU-flaccidness

In this Italy is also making mistakes. This starts with Italy’s Foreign Minister Angelino Alfano. We see this when we see “In order to lower the number of people arriving here, we must reduce the number arriving in Libya“, which is not incorrect, yet the BBC clearly shows that people are coming into Libya from Senegal and Somalia, making the issue a lot larger and cannot be done by just a group of people, this needs support from organised players. If this is not the case, that path would be covered with the cadavers of hundreds of thousands of people who did not survive the trip, which is a mere adaption of applied logic.

The second quote that does not make the cut from the same person is “If border controls in transit countries are effective, then the ‘tickets’ sold by the biggest criminal travel agency in history would lose their value and if the traffickers can’t guarantee an arrival in Europe, their travel agency would go bankrupt,” he said. So in that instance we look around corruption in Africa as well as the fact that these refugees have no internet, are in the dark, so that means that these travellers will continue to come for now. By the time there is an actual impact of incoming refugees these facilitators will have left the shores with a trunk full of cash, living the life people in Europe have not been able to afford for the longest of times.

So to some degree Angelino Alfano is correct, he just has no idea how to go about it for now and that is not something we can blame him for, yet the utter failure the EU is showing to be, there is plenty of blame that can be placed, because when we see a need for a ‘code of conduct‘ for NGO’s whilst this mess has been going on for years and with the issues shown in Greece, it seems that several members of the EU councils have been asleep at the wheel. Is that what they get paid for? #AnyoneForBrexit

These issues will impact the general elections that are now less than a year away, even as we recognise that the only EU-exit party is Northern League with Matteo Salvini, we see in equal measure that his party has no chance of winning so that risk is currently not in play, yet equally no less anti-EU Beppe Grillo is for now still a contender, yet there is no way to see how that goes and unless the refugee is properly dealt with his 5 stars will rise. Still the chance was not as high as it was in France and with their Frexit averted; Italy might not be willing to go there. In the end, Mario Renzi and Berlusconi are not willing to get out of the EU, so the refugee issues will impact them both. It the EU does not decide to get of their fat asses, things might still go wrong in a few ways for the EU, that much is at present a given, as more and more people are realising that the media is playing them for whatever reason they do, we will see a polarising view of the people and consumers. As there is a rising view of ‘Broader questions on distribution of wealth and power are being considered‘ as well as ‘voters are no longer buying the free-market talk‘ we now see that other elements will have stronger influence and in this, the people are becoming more and more distrustful of what the media regards as ‘the news’. This is not the setting of mainstream news media and these so called iPhone reporters. It is the shifting view that we get from often too carefully phrased issues, which are now more and more recognised as generalist speaking of ‘remaining casual‘ and a lack of ‘clearly communicating issues‘. Weirdly enough, that is a side that could impact Italy to a stronger degree. If either Mario Renzi or Berlusconi wants to get a landslide victory, they would merely need to drop youth unemployment rates by 3%-5% before the election that would seal the deal for them.

It will be a messy dish of grub to achieve, yet the need to get something massive done in this Italian Spaghetti drama is requiring no less. A meal might impact it, but the guarantee of a job sets food on the table for a longer time, a growing essential issue for Italians.

In this finality I go back one more time to the Deutsche Welle article. There we saw a few days ago “Joining Cochetel at the report’s launch was Eugenio Ambrosi, director of the International Organization for Migration’s Brussels office. “Let’s not forget that member states in Europe have also a code of conduct – it’s called European law,” he said, “which entails a variety of things, which includes – and I will not stop repeating it – which includes the duty and obligation to show solidarity [with refugees] in fact and not just in words.

As such, we see a clear given quote, which might be seen as evidence given by Eugenio Ambrosi that the EU has been lacking the required need to act in several fields regarding refugees. Even as some claim that the Migrant Crises started in 2015, there is plenty of evidence that the stream started in 2011 when Syrians were trying to flee the Syrian war. The UNHCR reported that refugees exceeded 750,000 by December 2012. So where did the overpaid people working for the EU in Brussels think that these people were going? Not to the places of plentiful Europe? Who were they kidding? So as this mess has been escalating for well over 5 years and there is a shown lack of infrastructure and support systems to deal with the escalations (as I actually also wrote about a few years ago), we see that there is a growing need for the news and the media to take an actual serious look at some of these players. They have been paid extensively until now, which would beckon even more questions.

 

 

 

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Actively  Missing direction?

The daily star is giving us (at http://www.dailystar.co.uk/news/politics/618722/Who-should-I-vote-for-in-the-General-Election-quiz-Conservative-Labour-Lib-Dem) a nice little questionnaire on who to vote for. I tend to have mixed feelings on these polls, but curious as I am, I took the list and behold, my choice was known and it was my direction. Yet, there are still issues on the questionnaire. You see, it’s fun, and perhaps those who do not know who to vote for should take it to get a general direction, but still there are issues. So let’s take a look at these 15 questions. Yet, this is as you will see the beginning of a much larger issue. What is beneath the surface is a combination of inaction, denial and delay. We are all plagued by the inactions of politicians and we have to pay for their ‘non-choices’. Let me take you on a tour explaining that.

  1. There should be a second Brexit referendum on the terms of the deal.
    Really? There was a referendum and the brits decided to move out. So let’s get on with it! Politicians, especially the sore losers want to turn this all around. I would state because they are sore losers. The last year has been about fearmongering on several levels and even my own party is not innocent here.
  2. Immigration to Britain should be reduced over the next five years.
    Why? Well, I went with never mind, because some might like a reduction on several fronts, yet in the end, we need to think long term, keeping immigration stable seems like a good thing, reducing it? Perhaps it is, perhaps not. What is clearly evident is that as Australia closed immigration and hindered it to some extent, Australia avoided the infrastructure collapse after the 2008 financial crises, if Australia had allowed for the boosted Silicon Valley growth option, the Australian infrastructure would have been in deep trouble and their version of the NHS (Medicare) would not be around today, that part is pretty much a given.
  3. There should be a Bank Holiday on each patron saints’ day.
    I think we have enough bank holidays at present. We could go to the old days (before 1950) when a bank holiday also implied a mandatory visit to the church; you still game at that point?
  4. More selective grammar schools should be opened in the UK.
    I have never ever seen ‘selective’ schooling to amount to anything but excessive pressure on students, that is just a really bad idea. Also, selective schooling tends to imply that certain elements are removed from schools. I believe that the wider and more generalist grammar school is, the wider the development of the student. That has always been a good idea, especially as today’s children in a grammar school will enter the workplace with technologies that we at present haven’t designed yet. So whatever selectivity they now face, the harder some adjustments tend to be.
  5. Key industries such as railways, water and energy should be nationalised, funded by higher taxes.
    This is a real Labour question. This is one of those dangerous questions as the element missing here is that this step alone will drive the UK into deeper debt, a cost that will exceed a quarter of a trillion pound. That is not a good idea at present. The option to nationalise part is not a bad thing, but the UK coffers are empty, a blatant fact Jeremy Corbyn ignores as his promises are all based on the need to drive debts up. Which will be an issue the next two generations will have to pay for, how irresponsible is that?
  6. Britain must help defeat ISIS militarily in Syria and Iraq to tackle the threat of terrorism.
    I believe we should commit to that, we were part of the start, the UK way of life is in danger within the UK. So stomping out those dangers is a clear need. No matter where we need to go to fight it and as it stands at present, with ISIS growing on the Philippines, Opening a large UK base in Darwin, where the ladies are underdressed, the man are overdressed, the sand is warm and the animals are deadly is not out of the question at present.
  7. Older people with more than £100,000 to their name should help pay for social care
    I am not certain here. I would state don’t mind, but we need to see how fair it is. Older people who worked their entire life, saved up, and now get to retire, but because they did well they get additional bills is not really that fair is it? The question is dangerous as the term ‘should help pay’ could be higher premiums, less options or loss of certain pension rights, might be in play and none of these are fair on those people. There are options to barter on certain parts, but in the end, £100,000 is not that much anymore. Look at your annual food bills to realise that impact. I see that there are issue here.
  8. Wealthier pensioners should not automatically receive the winter fuel allowance.
    Impacts on the previous question and here I agree. I see the winter fuel allowance for those in the lowest income groups, there is no validity on them having to live in the cold, decimating their health. This is where I saw the ‘option to barter’ in the previous question. In this case the winter Fuel allowance is for those in the lowest and no income groups, we have a duty to shield them.
  9. Businesses should pay more in taxation to help fund public services.
    A sound ‘yes!’ is clearly reverberating on the grassy hill. The bulk of large businesses are ‘blessed’ with too low taxation. Having all corporations see an increase of 1% with a clear maximum to fund infrastructures is not the worst idea. There should be a clear max as it is equally unsound to have places like Apple, Acorn, Amazon et al pay an additional 1% of their total revenue, we would like that, but we also must acknowledge that this is not fair either.
  10. Britain should have up to date nuclear weapons.
    Are you flipping kidding me? They work, they go mushroom-boom, and it will be the end of it all. Having them updated is merely wasting money to me. Replacing them if they are obsolete is another question. I remain committed to lower the nuclear arsenals over all. Wasting money on up to date nuclear weapons gets zero consideration from my side.
  11. Income tax should be increased for everyone to free up money for the NHS.
    Again, I agree, but it is a dangerous question, because people are pretty much taxed to the max. In my view that would be an option, only if the 0% group goes up by £1200-£2000 per annum. I would have done the offset by increasing layer 2 by 2% and layer 3 by 1%, giving us a little more whilst leaving the lowest group with more. Changing that to layer2 a 3% increase and a layer3 a 2% increase is fine with me. That would require that all the added taxation goes straight to the NHS.
  12. Britain should borrow more money to invest in the economy and abandon the aim of cutting the budget deficit.
    This is another Labour question. Absolutely not! Investing in the economy is a farce from certain people with diminished mind capacity. There is evidence all over the place that this does not work and abandoning the deficit cutting is an even louder no. I am all in favour of imposing mandatory jail sentencing for any politician who is not keeping the deficit in check, which pretty much adds to the fuel of dumping Corbyn in jail for the rest of his life if he is elected and starts nationalising anything.
  13. Students should be able to attend university for free.
    Not merely for the superstitious. I don’t mind, yet the reality is that this is no longer a feasible solution. In some nations this still happens (Germany and Sweden), but they have a very different social and income structure. Germany has a massive manufacturing side, the industrial area that is the envy of entire Europe and Sweden has a social structure and super taxation. Also Sweden is a mere 10 million people. When a nation surpasses a certain size, the solution of free education and certain infrastructures are no longer a solution, it will be a millstone hanging around the neck of the treasurer. It is lovely to offer it when it is a clear option, for the UK that is no longer the case and might never be an option again.
  14. Cannabis should be legalised and taxed.
    The one Lib Dem side that I can live with, legalising it, taxing it could be a solution, especially as the war on drugs is a complete waste of resources as there is no solution and that war cannot be won. There is the option that it could lower the amount of people into hard drugs. This is an option, yet the opposition claiming that once into soft drugs, the jump to hard drugs is massively lower and more easily walked into. That view is equally valid as I personally see it. There is not enough data to prove or disprove any of the paths. The willingness to consider it is perhaps not a bad idea. Yet in equal measure, as binge drinking cannot be controlled, offering legal cannabis in the field remains a controversial option. The fact that this would be taxed is good for the coffers, yet in equal measure, making the NHS pay for it might be another side that should be barred. Setting the field of healthcare regarding narcotics to private insured or paid up front is not the worst idea to have.
  15. More police officers should be recruited to make Britain’s streets safer.
    Yes, the final question is a dangerous one. Who pays for it? Labour offering it as a promise whilst the budget cannot pay for it remains an issue. In addition, in light of the size of increase, there is no evidence that this would make the streets safer. The fact to guarantee that change is the amount of police increase that is just slightly short of absolutely bonkers. Nice to have, but not realistic.

So, these are the 15 questions and they are good ones, yet in a few cases, the changes we want or do not want also have a cause and effect beneath the waterline. The Titanic made that mistake once (well actually the person at the wheel), so we need to take mind of what lies beneath and that part is not always clear to the persons basing their decision on merely this quiz. Still it could be path to take and then look deeper at the party that came out on top. Just be aware of the issues we see and the issues that we cannot see. That is not an attack or criticism of whoever made the quiz. It is merely the consequence of a world that is slightly more complex than we think it is.

And as we see the international impact, when we hear Mario Draghi state: “still requires substantial stimulus” (source Hong Kong Standard), when we see how much deeper in debt the UK is set because no one has the ability to muzzle Mario Draghi, when we get additional noises from other sources that change of this policy is needed, we should question the validity of the Eurozone and the ECB. This fuels now the issues in the elections of Italy as the Central Bank of Italy is now stating loudly: “leaving the euro zone would not solve the country’s economic problems“, which is actually quite true, yet the Italian woes are so intense that staying in might not be preferable to Italy. It might be better off trying to float itself back into business. That is my own unrealistic view. Yet in all this, those before have made the entire mess just too large. The dangers I warned France about are now becoming the one issue that three players are dreading. The quote “The right-wing Northern League wants to pull Italy out of the euro zone, and the anti-establishment 5-Star Movement, which some opinion polls say is now the country’s most popular party, wants to hold a referendum on the issue” is giving us two things. The unrealistic growth of Northern League, headed by Matteo Salvini remained unrealistic, yet Beppe Grillo and his Five Star Movement is another matter, him growing to the extent he did, was not foreseen by me and ignored by too many others. If these two could strike a deal of cooperation, especially if the Italeave referendum result is not one France wanted to face. Because in the previous scenario it left the Euro to Germany and Italy, with the bag in the hands of Germany and France (if Italeave prevails) becomes another matter, it would become an actual fight between those two nations on how to proceed and that would be disastrous for France. The initial downturn of Frexit would be noticeable, yet the downturn when Italy leaves and France gets hit by the swells would show a severity in excess of 250%, it would become a game changer. So as Emmanuel Macron wanted a Eurozone in an age of dangers, whilst Brexit is proceeding, Italy might force the issue under a timeline that neither France nor the UK wanted. That is the consequence of dragging your heels!

Now, as the election must be before 20th May 2018, the later this happens the better for the other players, but their intent of remaining in denial is a bit of an issue for all the players. So those who hid behind ‘What if we play it in such a way so that we don’t have to decide?‘ are now optionally placed in the mortal dangers of getting pointed at as the vile dangerous beasts they forever were. So as the Italian elections are likely to be within the next 5 months, we will see a new scenario unfold. Italy is now becoming much stronger in its ‘reduce deficit’ messages, yet as I see it, that delay is about 5 years too late. In addition, when we realise the intentional misrepresentation of “Visco said Italy must focus its energies on bringing down its huge public debt, the highest in the euro zone after Greece’s at around 132 percent of gross domestic product” is pretty hilarious when you consider that the Greek debt is 336 billion, whilst the Italian one is 2.2 trillion. So the Italian debt is 700% larger than the Greek one. Yet the Italian population is merely 560% larger giving a much larger debt per person. We do recognise that the economy of Italy is vastly better as roughly 99.9945% of the financial world executives wants a Ferrari, a Lamborghini or a Maserati. That is some, most want one of each, and at least these people have actual money to spend. In all this the larger issue is partially avoided if Grillo denies any actions with Salvini. No matter how the Northern League grows, they are nowhere near the size that they need to be to become the major player and lucky for those disliking the far right, Salvini lacks the charisma Farage has, so there is that working against Northern League too. A reality is that as Renzi and Grillo are close to one another, the dangers of a hung government is actually not that far stretched, which gives options to alignment with people like Speranza and Alfano. So as we continue to cater to the ‘next elections’ we need to consider that UK inaction will also act against them down the road (as well as the UK itself). In all this, some players behind the screens have been hoping for that scenario to come, yet I predicted that in the worst case scenario Italy will force the hand of the others, which is now an actual reality. With the public debts to be too large, with the government is massive deficit and with Italy trailing in the economy, being pushed into deeper debt by Mario Draghi is an option most are rejecting. This is now an issue as the talking duo Draghi & Visco would go straight out of the window the moment Grillo wins. That does not mean that the game is over at that point, the official referendum in Italy would still need to be held, but that is at that point only a mere timeline to adhere too. In all this the UK needs to step up its game, because when Italy forces the issue, the UK will lose too much and they would have to give in in several other fields. In this, that would be the good side in all this.

You might wonder how this reflects on the UK election quiz. You see, questions 1, 2, 9, 12 and 13 all influence international links. Q9 could drive some business out of the UK, whilst Q2 and Q13 are an optional source of influx into the UK. A changed European field would also impact all the issues in the UK and as that field changes having clear trade deals would be essential. Yet as my pun intended comment was set at, the Italian car industry will agree to any deal that gives them trade space, so there we see recognition. Also as the job market sees shifts, international workers see changed places of interest. None of this is news, but as we hear the non-relenting cries of Brexit, Bremain and new referendums demanded on setting another chance to Bremain. Yet now there will be a price, these people laughed as a former investment banker became president in France and is now advocating a stronger Eurozone and his ‘proclamation’ of demanding reforms of the European zone has been thrown into a drawer and might never return. Yet Italy is another matter, is it not? The Italians have two parties where one is anti-Europe and the largest one now states that a referendum will happen, that whilst the Italian quality of life has been stagnant for a decade. Overall there is no way to see how that goes, because there is not too much data on the size of these groups. The largest issue is the refugee stream into Italy. That danger is fuelled as we see that Italy is the closest destination for anyone from Tunisia and Libya. With 300,000 refugees in dire desperation, their attempt to get out has only Italy on the menu. In addition the massive shift of African refugees from several places as they all head for Libya, hoping to get to Europe from that beachfront. So as Italy gets a larger and larger stream of refugees, the Italian infrastructure is collapsing more and more (read: under severe stress). Those losing out on essential infrastructure needs will blame whomever they can. The UN has no contingency plan, Italy is buckling under the stress in a few fields and this drives right wing support more and more. If Salvini was a more charismatic person, the drama would be massively larger. So thank the heavens for small favours in all this, one could state. All this also impacts on the UK front, you see, the dangers of deeper debts (like nationalising services) will leave the UK with less and less options. That tends to be the issue with draining towards debts, a lesson Jeremy Corbyn seemingly never learned. The UK should remain business friendly, yet the level of tax avoidance that is currently an option needs to be removed. Corporations need to realise that the party is over; they need to pay their fair share. Nobody denies their valid need for profits, I am merely curious as to what some define as ‘fair’. I remain in opposition of Corbyn who wants to tax them to the age of the Flintstones; I prefer a little more subtle approach where they must pay an honest share. Tax reform is essential here, whilst the people need to realise that Return of Investment is the large equaliser, if the ROI drops too much, they will find other shores and over that thought, the loss of jobs would quickly vastly increase. We might not care too much over financial services, but when it affects manufacturing, the drain will be a lot larger and much wider for longer.

So as we consider the moves that were offered by banks, by mergers and above all the adaptation of Dr Seuss to adapt the readability of what the Bank of England offers, I will take their advice, yet the question becomes, will the voter get this message clearer? Well, the bank with the Cat (Credit Assured Termination) might see it to as a way to flam the flim and get us ‘a story’ in a way, more digestible, yet will it be comprehensible? So as we consider “Romer told staff of the Development Economics Group to write more clearly and succinctly, limiting the use of the word “and.”“, we would want to consider that ‘and’ is the form of inclusion, it seems that it is about clarity of the services and deals offered.

Just like the quiz with 15 questions, it might be fun and it might give us an idea, yet the danger is that anything linked and underlying is now not clearly seen so we tend to trivialise the matters at hand. We forget why it is too dangerous to nationalise services that have been ‘vultured’ in the private sector. We forget that we would love to have all the social perks for every yet that requires the Treasury to have filled coffers, something that stopped to be a reality a decade ago and the politicians of today are vastly in denial of all the wasteful spending, promising all kinds of hires, but they cannot account for the costs of it.

So let’s take a little sidestep using Dr Seuss before the final part is shown. (apologies, WordPress sucks when it comes to table elements).

Jeremy Cobyn Tim Farron Theresa May
I am Voter
Voter I amThat Voter-I-am
That Voter-I-am!
I do not like
That Voter-I-am

Do you like
Corbyn with SPAM

I do not like him,
Voter-I-am.
I do not like
Corbyn with SPAM.

Would you like Corbyn
Here or there?

I would not like Corbyn
Here or there.
I would not like Corbyn
Anywhere.

I do not like
Corbyn with SPAM.

I do not like Corbyn,
Voter I-am

I am Voter
Voter I amThat Voter-I-am
That Voter-I-am!
I do not like
That Voter-I-am

Do you like
Farron with Jam

I do not like him,
Voter-I-am.
I do not like
Farron with Jam.

Would you like Farron
Here or there?

I would not like Farron
Here or there.
I would not like Farron
Anywhere.

I do not like
Farron with Jam.

I do not like Farron,
Voter I-am

 

I am Voter
Voter I amThat Voter-I-am
That Voter-I-am!
I do not like
That Voter-I-am

Do you like
May with Lamb

I do not like her,
Voter-I-am.
I do not like
May with Lamb.

Would you like May
Here or there?

I would not like May
Here or there.
I would not like May
Anywhere.

I do not like
May with Lamb.

I do not like May,
Voter I-am

 

This now gets us to the final part in all this. The ISIS escalations as Russia launches an attack, as we see the issues in the Philippines, we read “Teenage ISIS fighters are said to be shooting people dead for failing to quote the Koran“. In addition we see one source give us “Islamic State has issued a chilling call to its followers to use online classified websites such as Gumtree and E-bay to lure unsuspecting people to their deaths” In all this I remember the movie Eye in the Sky, a gem with no one less than Colin Firth as one of three producers, and a movie that is another Alan Rickman gem, as well as stellar performances from all the other cast involved. You might think, that because it involves Kenya and Somalia, you feel removed, but the movie achieves quite the opposite. In addition, it shows the players in a really bad light. Some hiding behind the collateral damages option. Yet the direct impact is seen early, the dangers that two suicide vests give, the three top players in terrorism and the delays we see. Some would think of Manchester, yet when we see these vests with the amount of C-4, we see hesitation of a pilot for one small girl, yet the two suicide bombers would be able to kill hundreds. In addition we see a political delay. The one issue we are confronted with today in real life is shown with: “James, the legal argument is that we could wait but that we need not wait. The military argument is that we should not wait”.

So even as we see the unfolding of ‘need not wait‘ and ‘should not wait‘ hundreds of lives are basically endangered. Now, this is a movie setting, yet the reality of ISIS, now a clear issue in Philippines, we see the effect of pushing issues forward. The acts on Brexit, on debts and on how the effect becomes when inaction forces us down a very different path. France had every right to make its choices, yet when Italy makes another path by actively choosing to leave, France will not be allowed to cry, they only have themselves to blame, that same issue plays in the UK, as some are trying to undo, trying to push forward and to remain in denial, we see that the push from other players will remove options the UK has down the road, yet the politicians decided to play their version of Eye in the Sky by claiming ‘we need not decide’ whilst the other player will decide leaving no options to choose from. As ISIS is changing the game on several fronts, some out of desperation, the end result is the same; we are all left with fewer options. Soon we could face ourselves in a mandatory ‘boots on the ground’ in several ‘theatres of action’. Nobody wanted any of them to actually happen, but that would have required actions to have been taken long ago. Now that we see reports that ISIS attacked a resort in Manila, the game changes further, because with every non Philippine death, those governments will speak out, yet they are unlikely to act. There is the game changer, the non-acting. It will give rise to more extreme parties growing faster. So as some with political and social studies go into denial, consider the actions in Italy when several Italians get killed. How will the Salvini shift go at that moment? There is no way to predict the shift. As we see many try to appease people with talks and presentations, finding new ways to spread a message, the way that they want to spread the instilling of comprehension. A bank with Dr Seuss, others with WannaCry and violence, the UK is now facing an election where it is not merely about a message, but who will act against those willing to blow up the Manchester Arena with as many casualties as possible? In this Eye in the Sky showed a groups of decent people, yet as some found ways to not act, we see that the need to act was clear, it is that delay that aggravates more and more voters. The USA had ‘no boots on the ground’ which was made worse with the Benghazi incident. As a result the USA now has President Trump, which according some is now a place of ‘action without wisdom’. In the Philippines we now see actions without remorse or restraint. If this stops junkies and addicts, what do you think will happen in Italy later this year? Social values are only valued in places with actual wealth. That is a lesson many learned for decades as Europe waltzed into WW1 and WW2, lessons forgotten as free reign to greed was given, now we see similar issues unfold as we do not take notice of underlying issues. There are already increased actions by the Indonesian navy to stop ISIS from crossing their borders. The question is will it work and how will we all react the moment ISIS has any success in Jakarta. So as we saw “Terror attacks in the UK due to military intervention overseas, says Jeremy Corbyn“, how can his willingness to not act and not act overseas be seen as anything but disastrously dangerous?

When we see all these elements, not all linked, yet all still part of the greater whole, are we all (including me) to some degree in denial on what needs to be done? We can all agree that no body actually wants to act, but when we are forced between the options ‘act now’ or ‘react too late’. Who wants to be in the ‘too late’ team and what damage is brought whilst we all only have ourselves to blame for that?

 

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Did UKIP get it right?

That is a question that is slowly growing within the minds of Britons and non-Britons alike. Some will be in denial over it all, some will ignore their inner voice and some will ponder it. You see, once the banter and the mudslinging stops and people are sitting down thinking over a year in political waves, we are slowly getting the aftermath news and suddenly things are a lot less gloomy. Bloomberg gives us “There’s dwindling talk of a recession caused by the vote the leave the European Union, and British politicians are wondering if a “hard Brexit” option –rapid withdrawal from Europe without a new trade agreement – might be feasible. The answer is no. Such views rest upon bad economic reasoning and the cost of Brexit remains high, albeit mostly invisible for the time being“, is part of the news. You see, the scaremongers are now out of the view and the negative impacts, the ones we knew about are showing to be less negative than the scaremongers proclaimed. I agree and always did agree that the cost would be high. Mark Carney, Governor of the Bank of England had stated it, and in addition stated that there were elements that could not be forecasted. Which is also a truth. They are the invisible costs that will come and come again. The issue in my mind has always been, will it in the end be worth it (are the costs not unaffordable high) and I leaned more and more towards the Yes side!

You see, one of the main reasons for leaning towards Brexit was Mario Draghi. The trillion plus stimulus plans he had were too unfounded. Japan and the US are showing that there had been no clear increase whilst we hear opposite claims. The issue is actually brought to light by Bloomberg last week (at http://www.bloomberg.com/news/videos/2016-09-08/ecb-s-mario-draghi-downplays-more-stimulus), where we hear at 00:39 that there is an impact on the markets, but no real impact on the economy, which was my issue from the start. Politicians casually mixing both up in their speeches were playing, as I see it a flim-flam artist dictionary game, trying to make us think it is one and the same, yet they all know that it is not. So no real impact yet will over a trillion deeper in debt, only those on the financial markets, only some of them got a big payday out of all of it, the rest just has to assist in paying off the invoice. It is one of the pillars UKIP had!

Now we see even more issues, especially when we see additional issues in City A.M. (at http://www.cityam.com/249335/christine-lagarde-and-mario-draghi-call-politicians-do-more), with the quote “Christine Lagarde, head of the International Monetary Fund (IMF) and Mario Draghi, president of the European Central Bank (ECB) said governments and institutions needed to make sure their policies did not leave the poorest members of society behind, and called for structural reforms to help share the spoils of economic growth“, the failure of the European Community laid bare! You see, the people on EEC incomes have been meeting and not getting anywhere for almost 15 years now! The fact that tax laws and Corporate laws required revision even before 2004 as a requirement and after 2004 as a given is shown that none of this has been adequately done. The fact that the US played its cards in the Summit in the Netherlands in 2013, we all knew how that ended, so as we see that some are now crying cockroach, whilst littering food all over the floor only have themselves to thank for this situation. This all reflects back on the initial issue UKIP gave, ‘let’s make Britain about the British’. This is not racism, this is nationalism (read: nationalistic pride). An issue that neither Christine Lagarde nor Mario Draghi could resolve as they have been setting a neutral pose in aid of large corporations for far too long.

The next issue is the economic plan B that is now all over the news. The powerful monetary tool (TLTRO) that at 1:37 comes with the quote “that nobody has really fully understood or analysed“, and that is the plan B they are now grasping for!

TLTRO?

It is not a cereal or breakfast solution. It is a Targeted Long-Term Refinancing Operation. The ECB states “provide financing to credit institutions for periods of up to four years. They offer long-term funding at attractive conditions to banks in order to further ease private sector credit conditions and stimulate bank lending to the real economy“, that sounds nice on paper, but if we know that the impact is not understood, has never been analysed to the effect it is, this all whilst we know that taxation laws are failing and corporate laws are not up to scrap, the ECB quote could be translated to “provide financing to credit institutions for periods of up to four years. They offer a refinanced the current outstanding debts to banks, guaranteeing large bonuses by resetting bad debts and revitalising the conditions of what were supposed to be written off debts, giving a false incentive to a dangerous presented economy at present“, you see, I am almost stating the same whilst the intent completely changes, the markets are now getting a boost via the other side. This is a reality we could face!

You see, the view is given with “All the new operations will have a four-year maturity, with the possibility of repayment after two years” (at https://www.ecb.europa.eu/press/pr/date/2016/html/pr160310_1.en.html), yet like the US, Greece and Japan, it is almost a given (speculation from my side) that these maturities will be paid with new debts. When we see the quote “Counterparties will be able to repay the amounts borrowed under TLTRO II at a quarterly frequency starting two years from the settlement of each operation. Counterparties will not be subject to mandatory early repayments” gives way to the thought that it is entirely possible that when the debts mature, they could be replaced be a new debt. Giving weight to the dangers. The fact that the option ‘not subject to early repayments’ is clearly included gives ample weight to the solution, whilst not preventing additional debts from this rephrased stimulus. In the end, the economy will not prosper, the rise of the debt will. Whilst under the debts the UK already is, these arrangements are as I see it too dangerous, all this as the increase of debts only give rise and power to non-governmental institutions to grow their influence via corporations over nations. One of the better players (Natixis), had this quote “Natixis Asset Management ranks among the leading European asset managers with €328.6 billion in assets under management” (source at present intentionally omitted), with the TLTRO in play, depending on the rules of the game (which were not available to me at present), it is entirely possible that once really in play, banks can indirectly refinance risky debts in additional loans via the applicant and as such get themselves a boost. It could potentially allow Natixis to grow its asset management part up to 20%. The ECB states (at https://www.ecb.europa.eu/mopo/implement/omo/tltro/html/index.en.html) “The TLTROs are targeted operations, as the amount that banks can borrow is linked to their loans to non-financial corporations and households“, so basically companies in hardship can get relief, whilst the banks will still get their cut (aka administration and processing fee). Consider that Wealth Management is many things and Estate planning is one, now consider that Natixis has Credit and counterparty risks amounting in excess to 295 billion euro’s. Now there is a Draghi solution, one that no one seems to have ‘analysed’ that allows for solutions to non-financial corporations. Natixis is that, but their clients are not, and they can apply for the shifted funds, offsetting their loans, paying of the loans towards Natixis, who now have a massive amount of freed up cash that they can now pour into all kinds of solutions and endeavours. So do you still think that my view of 20% is oversimplified? And in 4 years? Well at that point, when things go south, Natixis and parties alike can jump in and possibly help out, ‘but at a price’ (which is fair enough).

This now reflects back to UKIP and Brexit!

The Guardian had an opinion piece (at https://www.theguardian.com/commentisfree/2014/sep/14/ttip-deal-british-sovereignty-cameron-ukip-treaty), that gives us the following, remember this is September 2014! “If you are worried about the power of corporations over our democracy, be very afraid: ISDS in effect grants multinationals the same legal position as a nation-state itself, and allows them to sue sovereign governments in so-called arbitration tribunals on the grounds that their profits are threatened by government policies. Is this scaremongering, as TTIP supporters claim?” So far there have been many voices who seem to be over the moon that the TTIP is now a failure and that the issues within the EU would have been far more reaching that many players were willing to admit to before the signing. Politico.eu reported “U.S. diplomats are sketching out a last-ditch plan to salvage core sections of the EU’s moribund trade deal with Washington“, that with the added “U.S. and Italian officials are now weighing the option of a “Step 1” deal to lock in elements that can be finalized by December, possibly including joint testing regimes and mutually agreed upon standards for cars, pharmaceuticals and medical devices“. It is clear that the US want to lock in Pharmaceuticals and cars, yet how is such a niche nothing more than a path trying to ditch the title ‘total loser government’ regarding the current administration. In addition “The idea has sparked immediate scepticism in the European Commission and in some EU member countries, which argue that any form of a downgraded deal will be very hard to sell politically, particularly after French Trade Minister Matthias Fekl and German Economy Minister Sigmar Gabriel turned hostile on the negotiations” gives way that BMW, Mercedes, Bayer Pharmaceuticals, Peugeot, Citroen and Sanofi are none too pleased with such a one sided piece of paper. The idea that such set benefits would be allotted at this point gives even more weight to some of the UKIP statements in the past.

If 2 out of the many projection come true, you are not suddenly a better prognosticator, mainly because that title is reserved for the likes of Punxsutawney Phil, Queen Charlotte and Shubenacadie Sam. Let’s face it, it is the title worthy of a groundhog! But some of these steps were clearly seen, because this is where everything was headed, the more forward you look, the easier the prediction could come true is not wrong, but only if you are travelling on a straight road. A road that corporate greed depends on I might say!

In my view, there is not enough to state that UKIP got it right, yet there are also enough facts and questions in play that UKIP did not get it wrong. We might listen those who keep on shouting that Brexit was wrong and see them as the people trying to reinvent the vote, but overall people are starting to realise that the US (read Wall Street) has been trying to give people a bad deal to benefit their own greed. The fact that this is going on at this very minute is equally a worry. This is on both sides of the isle, yet we can understand that Labour needs to clean house and they have decided on the method of accidentally leaking names. How will that solve anything? If Labour was on the ball, than they would steering towards real economic improvements, not bickering minors trying to decide who should be the number two, and soon thereafter remove the number one (read: allegedly attempt to). Actions that are totally counterproductive as the Conservatives are governing until the next general elections. It seems like such a waste of energy to me.

Now we see a new escalation. It seems (at http://www.ibtimes.co.uk/jean-claude-juncker-proposes-new-european-military-hq-worj-towards-eu-army-1581391). So the quote “The president of the European Commission Jean-Claude Juncker has called for a European Union military headquarters to work towards an EU-controlled army. Juncker made the proposals during his State of the Union address to MEPs in Strasbourg on Wednesday (14 September)“, which automatically makes me wonder how this correlates with Nazi Germany as this was how they resolves their bad economic times. It is a harsh history lesson to learn, but in that I am actually less afraid for a ‘new’ Nazi Europe. My issue is that many nations have their Cyber plan not in hand and any actions here give rise to the dangers that this would open up data for the Chinese Cyber groups to learn a lot more than they bargained for. You see, no matter how much denial we see, the facts are simple, Ren Zhengfei is the Huawei CEO and a former officer for the PLA. Now this does not mean that he is now still committed to the PLA, yet Huawei does business with the Chinese government and as such, they have all the specs and as such, they have all the weaknesses  of these devices too, meaning that governments all over Europe are in a possible place of Cyber Scrutiny. This does not mean that I am willing to just blindly accept the NSA report, but ties like that, when you are on these levels talking to the ruling members of Chinese government, you need to be networking on a massive scale and if both the Chinese military and Chinese Intelligence (MSS) gives you the thumbs up, you have been playing the game they want you to play, plain and simple. By the way, this is not a rant, or a side step into the matter, this is a direct factual response. Nigel Farage addressed the EU on an EU Army opposing it on valid points, and he got a few more hands clapping than his opponents are comfortable with. Now this was about opposition of the EU army as a whole, but underneath is the need for any military organisation to be secure and have systems in place, systems that could be compromised. In this Huawei could validly give the same argument that all Cisco Systems are compromised by the CIA and NSA. As we cannot prove either side, or perhaps even both sides, how to proceed? Both sides would be fair enough and it only makes a case strong enough to not proceed with any EU Army, which is no solution to any existing threat, will cost massive amounts of money (and that just the initial infrastructure) and with the current upcoming changes to the EC as a whole. Especially as Marine Le Pen has vowed to hold the French referendum if she is elected, this whilst several European magazines are now stating that France can no longer avoid Frexit (at https://www.letemps.ch/economie/2016/09/12/france-ne-pourra-eviter-frexit), which I stated was a growing realistic danger if Brexit would commence, in addition, Italy is seeding its own departure later this year, but no given certainty exists at present.

All these parts I gave visibility to almost 2 years ago, the press still largely in denial and additional players are now coming out to (as I personally see it) fill their pockets as fast as possible because when this comes to town and the referendums do fall, certain people will have to give account of their actions. The fact will remain that the Credit Card that Mario Draghi used will be spread over several nations, most of them with no option to get into deeper debt. So they have this to look forward to. In Italy there seems to be a plus side, as the larger players are now looking towards the option of as referendum, the act as such seems to be taking the wind out of the sails of Matteo Salvini, head of the far-right Lega Nord, which is regarded as a relief in many European nations. They seem to regard Matteo Salvini the same way that they regard the French Newspaper Minute, too far to the right and not really that readable. I cannot confirm that (as my French does not surpass the ability to read a menu), but I understand the sentiment as there have been Dutch papers on the other side of the political isle receiving similar accusations.

In the end Europe is about to take economic steps with large implications, the fact that they are trying to push it through regardless of whatever consideration it required, which makes me worried on the fact that the impact on the European populations have been ignored for too long. The weird thing is that any action should have been in support of the European population and their needs, giving weight to more than one statement from the side of Nigel Farage.

I would suggest you ponder those facts before blindly moving into the Bremain field in the near future, because there are several issues that no one can answer and they come with obscenely high price tags!

 

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