Tag Archives: Microsoft

Waking up 5 years late

I have had something like this, I swear it’s true. It was after I came back from the Middle East, I was more of a ‘party person’ in those days and I would party all weekend non-stop. It would start on Friday evening and I would get home Sunday afternoon. So one weekend, I had gone through the nightclub, day club, bars and Shoarma pit stops after which I went home. I went to bed and I get woken up by the telephone. It is my boss, asking me whether I would be coming to work that day. I noticed it was 09:30, I had overslept. I apologised and rushed to the office. I told him I was sorry that I had overslept and I did not expect too much nose as it was the first time that I had overslept. So the follow up question became “and where were you yesterday?” My puzzled look from my eyes told him something was wrong. It was Tuesday! I had actually slept from Sunday afternoon until Tuesday morning. It would be the weirdest week in a lifetime. I had lost an entire day and I had no idea how I lost a day. I still think back to that moment every now and then, the sensation of the perception of a week being different, I never got over it, now 31 years ago, and it still gets to me every now and then.

A similar sensation is optionally hitting Christine Lagarde I reckon, although if she is still hitting the party scene, my initial response will be “You go girl!

You see with “Market power wielded by US tech giants concerns IMF chief” (at https://www.theguardian.com/business/2018/apr/19/market-power-wielded-by-us-tech-giants-concerns-imf-chief-christine-lagarde) we see the issues on a very different level. So even as we all accept “Christine Lagarde, has expressed concern about the market power wielded by the US technology giants and called for more competition to protect economies and individuals”, we see not the message, but the exclusion. So as we consider “Pressure has been building in the US for antitrust laws to be used to break up some of the biggest companies, with Google, Facebook and Amazon all targeted by critics“, I see a very different landscape. You see as we see Microsoft, IBM and Apple missing in that group, it is my personal consideration that this is about something else. You see Microsoft, IBM and Apple have one thing in common. They are Patent Powerhouses and no one messes with those. This is about power consolidation and the fact that Christine Lagarde is speaking out in such a way is an absolute hypocrite setting for the IMF to have.

You see, to get that you need to be aware of two elements. The first is the American economy. Now in my personal (highly opposed) vision, the US has been bankrupt; it has been for some time and just like the entire Moody debacle in 2008. People might have seen in in ‘the Big Short‘, a movie that showed part of it and whilst the Guardian reported ““Moody’s failed to adhere to its own credit-rating standards and fell short on its pledge of transparency in the run-up to the ‘great recession’,” principal deputy associate attorney general Bill Baer said in the statement“, it is merely one version of betrayal to the people of the US by giving protection to special people in excess of billions and they merely had to pay a $864m penalty. I am certain that those billionaires have split that penalty amongst them. So, as I stated, the US should be seen as bankrupt. It is not the only part in this. The Sydney Morning Herald (at https://www.smh.com.au/business/the-economy/how-trump-s-hair-raising-level-of-debt-could-bring-us-all-crashing-down-20180420-p4zank.html) gives us “Twin reports by the International Monetary Fund sketch a chain reaction of dangerous consequences for world finance. The policy – if you can call it that – puts the US on an untenable debt trajectory. It smacks of Latin American caudillo populism, a Peronist contagion that threatens to destroy the moral foundations of the Great Republic. The IMF’s Fiscal Monitor estimates that the US budget deficit will spike to 5.3 per cent of GDP this year and 5.9 per cent in 2019. This is happening at a stage of the economic cycle when swelling tax revenues should be reducing net borrowing to zero“. I am actually decently certain that this will happen. Now we need to look back to my earlier statement.

You see, if the US borrowing power is nullified, the US is left without any options, unless (you saw that coming didn’t you). The underwriting power of debt becomes patent power. Patents have been set to IP support. I attended a few of those events (being a Master of Intellectual Property Law) and even as my heart is in Trademarks, I do have a fine appreciation of Patents. In this the econometrics of the world are seeing the national values and the value of any GDP supported by the economic value of patents.

In this, in 2016 we got “Innovation and creative endeavors are indispensable elements that drive economic growth and sustain the competitive edge of the U.S. economy. The last century recorded unprecedented improvements in the health, economic well-being, and overall quality of life for the entire U.S. population. As the world leader in innovation, U.S. companies have relied on intellectual property (IP) as one of the leading tools with which such advances were promoted and realized. Patents, trademarks, and copyrights are the principal means for establishing ownership rights to the creations, inventions, and brands that can be used to generate tangible economic benefits to their owner“, as such the cookie has crumbled into where the value is set (see attached), one of the key findings is “IP-intensive industries continue to be a major, integral and growing part of the U.S. economy“, as such we see the tech giants that I mentioned as missing and not being mentioned by Christine Lagarde. It is merely one setting and there are optionally a lot more, but in light of certain elements I believe that patents are a driving force and those three have a bundle, Apple has so many that it can use those patents too buy several European nations. IBM with their (what I personally believe to be) an overvalued Watson, we have seen the entire mess moving forward, presenting itself and pushing ‘boundaries’ as we are set into a stage of ‘look what’s coming’! It is all about research, MIT and Think 2018. It is almost like Think 2018 is about the point of concept, the moment of awareness and the professional use of AI. In that IBM, in its own blog accidently gave away the goods as I see it with: “As we get closer to Think, we’re looking forward to unveiling more sessions, speakers and demos“, I think they are close, they are getting to certain levels, but they are not there yet. In my personal view they need to keep the momentum going, even if they need to throw in three more high exposed events, free plane tickets and all kinds of swag to flim flam the audience. I think that they are prepping for the events that will not be complete in an alpha stage until 2020. Yet that momentum is growing, and it needs to remain growing. Two quotes give us that essential ‘need’.

  1. The US Army signed a 33-month, $135 million contract with IBM for cloud services including Watson IoT, predictive analytics and AI for better visibility into equipment readiness.
  2. In 2017, IBM inventors received more than 1,900 patents for new cloud technologies to help solve critical business challenges.

The second is the money shot. An early estimate is outside of the realm of most, you see the IP Watchdog gave us: “IBM Inventors received a record 9043 US patents in 2017, patenting in such areas as AI, Cloud, Blockchain, Cybersecurity and Quantum Computing technology“, the low estimate is a value of $11.8 trillion dollars. That is what IBM is sitting on. That is the power of just ONE tech giant, and how come that Christine Lagarde missed out on mentioning IBM? I’ll let you decide, or perhaps it was Larry Elliott from the Guardian who missed out? I doubt it, because Larry Elliott is many things, stupid ain’t one. I might not agree with him, or at times with his point of view, but he is the clever one and his views are valid ones.

So in all this we see that there is a push, but is it the one the IMF is giving or is there another play? The fact that banks have a much larger influence in what happens is not mentioned, yet that is not the play and I accept that, it is not what is at stake. There is a push on many levels and even as we agree that some tech giants have a larger piece of the cake (Facebook, Google and Amazon), a lot could have been prevented by proper corporate taxation, but that gets to most of the EU and the American Donald Duck, or was that Trump are all about not walking that road? The fact that Christine has failed (one amongst many) to introduce proper tax accountability on tech giants is a much larger issue and it is not all on her plate in all honesty, so there are a few issues with all this and the supporting views on all this is not given with “Lagarde expressed concern at the growing threat of a trade war between the US and China, saying that protectionism posed a threat to the upswing in the global economy and to an international system that had served countries well“, it is seen in several fields, one field, was given by The Hill, in an opinion piece. The information is accurate it is merely important to see that it has the views of the writer (just like any blog).

So with “Last December, the United States and 76 other WTO members agreed at the Buenos Aires WTO Ministerial to start exploring WTO negotiations on trade-related aspects of e-commerce. Those WTO members are now beginning their work by identifying the objectives of such an agreement. The U.S. paper is an important contribution because it comprehensively addresses the digital trade barriers faced by many companies“, which now underlines “A recent United States paper submitted to the World Trade Organization (WTO) is a notable step toward establishing rules to remove digital trade barriers. The paper is significant for identifying the objectives of an international agreement on digital trade“. This now directly gives rise to “the American Bar Association Section of Intellectual Property Law also requested that the new NAFTA require increased protections in trade secrets, trademarks, copyrights, and patents“, which we get from ‘Ambassador Lighthizer Urged to Include Intellectual Property Protections in New NAFTA‘ (at https://www.jdsupra.com/legalnews/ambassador-lighthizer-urged-to-include-52674/) less than 10 hours ago. So when we link that to the quote “The proposals included: that Canada and Mexico establish criminal penalties for trade secrets violations similar to those in the U.S. Economic Espionage Act, an agreement that Mexico eliminate its requirement that trademarks be visible, a prohibition on the lowering of minimum standards of patent protection“. So when we now look back towards the statement of Christine Lagarde and her exclusion of IBM, Microsoft and Apple, how is she not directly being a protectionist of some tech giants?

I think that the IMF is also feeling the waters what happens when the US economy takes a dip, because at the current debt levels that impact is a hell of a lot more intense and the games like Moody’s have been played and cannot be played again. Getting caught on that level means that the US would have to be removed from several world economic executive decisions, not a place anyone in Wall Street is willing to accept, so that that point Pandora’s Box gets opened and no one will be able to close it at that point. So after waking up 5 years late we see that the plays have been again and again about keeping the status quo and as such the digital rights is the one card left to play, which gives the three tech giants an amount of power they have never had before, so as everyone’s favourite slapping donkey (Facebook) is mentioned next to a few others, it is the issue of those not mentioned that will be having the cake and quality venison that we all desire. In this we are in a dangerous place, even more the small developers who come up with the interesting IP’s they envisioned. As their value becomes overstated from day one, they will be pushed to sell their IP way too early, more important, that point comes before their value comes to fruition and as such those tech giants (Apple, IBM, and Microsoft) will get an even more overbearing value. Let’s be clear they are not alone, the larger players like Samsung, Canon, Qualcomm, LG Electronics, Sony and Fujitsu are also on that list. The list of top players has around 300 members, including 6 universities (all American). So that part of the entire economy is massively in American hands and we see no clear second place, not for a long time. Even as the singled out tech giants are on that list, it is the value that they have that sets them a little more apart. Perhaps when you consider having a go at three of them, whilst one is already under heavy emotional scrutiny is perhaps a small price to pay.

How nice for them to wake up, I merely lost one day once, they have been playing the sleeping game for years and we will get that invoice at the expense of the futures we were not allowed to have, if you wonder how weird that statement is, then take a look at the current retirees, the devaluation they face, the amount they are still about to lose and wonder what you will be left with when you consider that the social jar will be empty long before you retire. The one part we hoped to have at the very least is the one we will never have because governments decided that budgeting was just too hard a task, so they preferred to squander it all away. The gap of those who have and those who have not will become a lot wider over the next 5 years, so those who retire before 2028 will see hardships they never bargained for. So how exactly are you served with addressing “‘too much concentration in hands of the few’ does not help economy“, they aren’t and you weren’t. It is merely the setting for what comes next, because in all this it was never about that. It is the first fear of America that counts. With ‘US ponders how it can stem China’s technology march‘ (at http://www.afr.com/news/world/us-ponders-how-it-can-stem-chinas-technology-march-20180418-h0yyaw), we start seeing that shift, so as we see “The New York Times reported on April 7 that “at the heart” of the trade dispute is a contest over which country plays “a leading role in high-tech industries”. The Wall Street Journal reported on April 12 that the US was preparing rules to block Chinese technology investment in the US, while continuing to negotiate over trade penalties“, we see the shifted theatre of trade war. It will be about the national economic value with the weight of patents smack in the middle. In that regard, the more you depreciate other parts, the more important the value of patents becomes. It is not a simple or easy picture, but we will see loads of econometrics giving their view on all that within the next 2-3 weeks.

Have a great weekend and please do not bother to wake up, it seems that Christine Lagarde didn’t bother waking up for years.



Leave a comment

Filed under Finance, IT, Law, Media, Politics, Science

Media rigging

We have had issues, massive issues for the longest of times. Now we can focus on the blatant transgressors, we can focus on the exclusion examples of good journalism like the guardian, the Independent, the NY Times, the Washington Post, the Times and the Financial Times (the Australian and non-Australian editions), yet the founding flaw is actually larger.

You see, journalism has become an issue in itself. Whatever people and participators thought it was in the 70’s is no longer the case. Perhaps it never was. In my view, journalism is no longer merely about ‘exposing’, it is about partially revealing, whilst mediating the needs of the shareholder, the stake holders and the advertisers making it a very different issue. It is there where I did not just have my issue with Microsoft, in that same setting the hands of Sony are equally tainted. They are the two visible ones; but that list is distinguished and very long. So as we see overcompensation we see it on both sides of the equation, not giving it a level of equilibrium, but an exaggerated level of grossly unsettling.

In this we have two articles. The first is directly linked to what I have been writing about so let’s start with that. The Washington Post (at https://www.washingtonpost.com/news/the-switch/wp/2018/04/16/thousands-of-android-apps-may-be-illegally-tracking-children-study-finds) gives us ‘Thousands of Android apps may be illegally tracking children, study finds’. Now, I am not convinced that this is all limited to Android, but that is a personal feeling that has not been met with in-depth investigation, so I could most certainly be wrong on that count. What is the issue is seen with “Seven researchers analyzed nearly 6,000 apps for children and found that the majority of them may be in violation of the Children’s Online Privacy Protection Act (COPPA). Thousands of the tested apps collected the personal data of children under age 13 without a parent’s permission, the study found“,as this had been going on for years and i reported on it years ago, I am not at all surprised, yet the way that this now reaches the limelight is an issue to some degree. I am unaware what Serge Egelman has been doing with their life, but “The rampant potential violations that we have uncovered points out basic enforcement work that needs to be done” was not a consideration in 2010, or 2009, so why is it an issue now? Is it because Osama Bin Laden is dead now (intentionally utterly unrelated)? There has been a freedom of actions, a blatant setting of non-investigation for close to a decade and even as it is now more and more clear that the issue was never ‘not there’. In February 2016 we saw (unfortunately through the Telegraph) “The security flaw in Fisher-Price’s Smart Toy Bear meant access to a child’s name, date of birth and gender could have been easily accessed. The researchers at Rapid7, a Boston-based security company that spotted the defect, said the toy could also be hijacked to give a malicious actor control over account data and in-built functions“, so this is not new. The fact that it was the Telegraph who brought it does not make it false. And yes, I did bite my tongue to prevent the addition of ‘in this case‘ to the previous line. In addition we see (at http://www.dickinson-wright.com/news-alerts/legal-and-privacy-issues-with-connected-toys) that law firm Dickinson Wright has been on the ball since 2015, so how come that the media is lagging to such an extent? Like me, they saw the rain come and in their case it is profitable to be aware of the issues. So with “Since 2015 the technology and legal implications regarding these types of toys has only grown as the market now includes smart toys, such as Talk-to-Me Mikey, SmartToy Monkey, and Kidizoon Smartwatch DX; connected toys, such as SelfieMic and Grush; and other connected smart toys such as Cognitoys’ DINO, and My Friend Cayla“, they again show to be ahead of the curve and most of the media lagging to a much larger degree. Did you think that this was going to go away by keeping quiet? I think that the answer is clearly shown in the Post article. The most powerful statement is seen with “The researchers note that Google has worked to enforce COPPA by requiring child app developers to certify that they comply with the law. “However, as our results show, there appears to not be any (or only limited) enforcement,” the researchers said. They added that it would not be difficult for Google to augment their research to detect the apps and the developers that may be violating child privacy laws“, in this we see two parts, and the first is that the call of data value tends to nullify ethics to a much larger degree. The second is that I do not disagree with ‘it would not be difficult for Google to augment their research‘, I merely think that the people have not given Google the rights to police systems. Can we hold Microsoft responsible for every NBA gave that collects the abilities of users on that game? Should Microsoft police Electronic Arts, or 2K for that matter? The ability does not imply ‘to have the right’. Although it is a hard stance to make, we cannot go from the fact that all software developers are guilty by default, it is counterproductive. Yet in that same light, those transgressors should face multi-million dollar fines to say the least.

The final quote is a good one, but also a loaded one. With “Critics of Google’s app platform say the company and other players in the digital-advertising business, such as Facebook, have profited greatly from advances in data-tracking technology, even as regulators have failed to keep up with the resulting privacy intrusions” there is a hidden truth that also applies to Facebook. You see, they merely facilitate to give the advertiser the best value of their advertisement (like AdWords), yet the agency of advertiser only benefits from using the system. Their ad does get exposed to the best possible audience, yet the results they get back in AdWords is totally devoid of any personal data. So the advertiser sees Gender, age group location and other data, but nothing that personally identifies a person. In addition, if the ad is shown to an anonymous browser, there will be no data at all for that case.

So yes, data-tracking gives the advantage, but the privacy intrusions were not instigated by either Google or Facebook and as far as I know AdWords does not allow for such intrusions, should I be wrong than I will correct this at the earliest opportunity. Yet in all this, whilst everyone is having a go at Facebook, the media is very much avoiding Cambridge Analytica (minus one whistle-blower), other than to include them in speculations like ‘Cambridge Analytica appears to have an open contract‘, ‘Was it Cambridge Analytica that carried the day for Kenyatta‘ and ‘could have been shared with Cambridge Analytica‘. It almost reads like ‘Daily Mail reporter Sarah Vine might possibly have a vagina‘, which brings us to the second part in all this.

Invisibly linked

For the first time (I think ever) did I feel for a reporter! It was not what she said or how she said it, it was ‘Daily Mail fires reporter who inadvertently published obscenity‘ (at https://www.theguardian.com/media/2018/apr/16/daily-mail-removes-obscene-language-attack-on-reality-tv-stars). Now it is important that we consider two parts. the first is the blatant abuse of ‘political correctness‘ which has been putting the people at large on their rear hooves for way too long, which might also be the reason why comedians like Jimmy Carr are rising in popularity in a way we have not seen since Aristophanes wrote The Frogs in 435BC. My issue starts with “Daily Mail Australia has fired a reporter who accidentally uploaded her own “musings” about reality television contestants being “vapid cunts” on to the news website on Sunday“, so the Daily Mail does not have a draft setting that needs to be approved by the editor, no, it gets uploaded directly and even as that might be commendable. The fact that we also see “Sources at the Daily Mail earlier said the young reporter was “mortified” by the mistake“, whilst the lovers of the TV-Series Newsroom saw a similar event happen in 2014, so the fact that reality catches up with comedy and TV-Series is not merely fun, the fact that this happened in the heralded ‘Newsroom‘ should be seen as a signal. As we see “The Daily Mail reporter was writing in a Google document because of problems with the content management system and she inadvertently cut and pasted a paragraph about Bachelor in Paradise contestant Florence Alexandra which she says was written for her own eyes only, Guardian Australia understands” it is not merely about the fact on who wrote it, the mere part that the content manager part was flawed, we also see “The reporter had filed no fewer than five stories on Sunday and four on Monday, which is a normal workload for a Daily Mail journalist. It is customary for Mail reporters to upload their own copy into the system unless the story is legally contentious“. So even as we accept that the pressure is on, the system was flawed and that there was a lot of truth in her writing, and all this about a Dutch model whose fame seems to be limited to being ‘not ugly‘. So as the Daily Mail was happy to get her bum-shot and label it ‘wardrobe malfunction’ (9th September 2017), whilst in addition there has been no other transgressions, she was quite literally thrown to the wolves and out of a job. So when we do see the term ‘vapid cunts‘ (with the clever application of ‘vapid’, did the editorial consider that the term might have meant ‘a bland covering of the green envious setting of finding love and overcoming rejection‘, which we get from ‘vapid=bland‘ and ‘vagina = a sheath formed round a stem by the base of a leaf‘.

You see, in the end, this is a paper covering a reality show, a fake event created to entice an audience from living a life and wasting an hour on seeing something fake whilst they could have sought it out for real. In all this the overworked journalist gets the axe. So even if I feel a little for the journalist in this case and whilst we see that the audience replied with ‘Refreshing honesty from the Daily Mail this morning‘, which should be a real signal for the editor in change, no he threw it all out to hopefully avoid whatever would come next.

You see, even if it is not now, there are enough issues around which means that Leveson 2 might be delayed, but will still most likely happen. So even as the Telegraph is already on the ‘would be a threat to a free press‘, whilst trying to drown the reader with ‘The first Leveson inquiry cost taxpayers £5.4 million, yet the legal bill for the newspaper industry to comply with the process was far more than that‘, some journalists were up to their old tricks even before the Leveson ink dried. So in this the moment that Leveson 2 does happen, their clean desks will not be because some journalists tried to keep it clean, it will be because they were told to leave. The fact that some see Leveson 2 in relation to ‘undermining high quality journalism‘ seems to forget that high quality journalism is a thing of the past. It perhaps ended long before John Simm decided to portray a journalist in the excellent ‘State of Play‘. In all this there will be a massive blowback for the media at large, the moment it does happen, I will have every intention to get part of it set as an investigation of news that would have been considered as ‘mishandled’. There is at large enough evidence that the Sony event of 2012, the Microsoft events of 2012, 2013, 2014, 2017, as well as IBM 2015 and 2017. There have been too many of events that were somehow ‘filtered’. In addition to that there are not merely the data breaches, the fact that there are strong indications that the media at times, merely reported through the act of copy and paste, whilst not looking deeper into the matter. Tesco, the North Korean Sony ‘Hack’ and a few other matters that should be dug into as there are enough indications that events had faltered and faltered might be seen as the most positive way to define an event that should be seen as utterly negative.

In my view, as some editors and shareholders will try to navigate the term journalist, I would be on the horse of removing that word altogether and have those papers be subject to the full 20% VAT. I wonder how they will suddenly offer to (again) monitor themselves. Like that was a raging success the first time around. It is as I see it the price of not being held to any standards, apart from the overreacting from two unintended words, which is in my view a massive overreaction on several levels. I wonder why that was and who made the call to the editor on that, because I don’t think it was merely an overreacting Dutch model. In that I am decently convinced that she has been called a hell of a lot worse, the side effect of trying to be a ‘social media selfie darling’. Yet that is merely my point of view and I have not always been correct.


Leave a comment

Filed under Finance, Law, Media, Politics

Direction X

It is the Columbian (at http://www.columbian.com/news/2018/apr/15/harrop-facebook-wont-alter-its-lucrative-practices-without-regulations/) that gives us a light to work with today. A light that some US congressman and US Senators have been pushing for, so it is fun to have a go at that point of view. Now, do not mistake my opposition to it as a way to invalidate the view. I do not agree with the point of view, but many have it. So I see it as a way to inform the readers on the things that they need to know. Froma Harrop starts with three events. We see:

  • Mark Zuckerberg in 2006: “We really messed this one up. …We did a bad job of explaining what the new features were and an even worse job of giving you control of them.”
  • Zuckerberg in 2010: “Sometimes we move too fast. … We will add privacy controls that are much simpler to use.”
  • Zuckerberg early this year: “It was my mistake, and I’m sorry. … There’s more we can do here to limit the information developers can access and put more safeguards in place to prevent abuse.”

Now, they are valid events, but the dimensionality is missing. With the exception of certain Google products, Facebook has been the biggest evolving platform on a near daily basis, the integration with mobile apps, mobile reporting, stories, clips, annotated pictures, travelling, and so much more. Over a period of 10 years Facebook went from a dynamic page (for each user or group) to a collected omnibus of information available to all their friends. That is a level of growth that even Microsoft has not been able to compete with and in all this, there will always be mistakes. Some small and trivial and some will be bang up monsters of flaws. Compare this to Microsoft who did not push forward with its Xbox360, no it offered for sale a more powerful machine whilst trimming the functionality down by close to 20% (personal projected loss) with the shift from Xbox360 to Xbox One and Xbox One to Xbox One X. A data collecting machine of greed (whilst everyone is ignoring the data that Microsoft is uploading), pushing users like a bully, to do what they wanted the user to do or be left out. So when exactly did Facebook do that to that degree? Sony with its PlayStation at least pushed forward to some degree.

Froma makes a nice case with: “The law will require them to obtain consent for use of personal information in simple language. (Users shouldn’t have to take a night course to understand privacy and security settings.)“, this is nice in contrast to some consoles (like the Sony consoles) who suddenly made it illegal to use second hand games on their consoles in their terms of service, they quietly backed away when it blew up in the faces of Microsoft. In all this, yet with my sense of humour and realising where this article was, it was not without a giggle that I took a look at the Columbia Journal of European Law (at http://cjel.law.columbia.edu/preliminary-reference/2017/mind-the-gap-loopholes-in-the-eu-data-privacy-regime/) where we see “any set of information relating to individuals to the extent that, although the information is not processed by means of equipment operating automatically in response to instructions given for that purpose, the set is structured, either by reference to individuals or by reference to criteria relating to individuals, in such a way that specific information relating to a particular individual is readily accessible“, which now leads to “This language of “specific information [that] is readily accessible” indeed was interpreted by the English courts in a manner conflicting with the Directive. In Durant v. Financial Services Authority, the English and Wales Court of Appeal formulated a two part test to evaluate whether a filing system is caught by the Directive:” and that now leaves us with “(i) [T]he files forming part of [the filing system] are structured or referenced in such a way as clearly to indicate at the outset of the search whether specific information capable of amounting to personal data [] is held within the system and, if so, in which file or files it is held; (ii) [The filing system] has, as part of its own structure or referencing mechanism, a sufficiently sophisticated and detailed means of readily indicating whether and where in an individual file or files specific criteria or information about the applicant can be readily located.

So in that case Froma is left with a piece of paper to be stationed where the sun does not shine and it merely took the case Durant v. Financial Services Authority to show its ‘lack‘ of complexity, or did it? She is right that ‘Users shouldn’t have to take a night course to understand privacy and security settings, it merely took law lord Sir Robin Ernest Auld (a former Lord Justice of Appeal in the Court of Appeal of England and Wales) a hell of a lot more than a night course, more like 25 years on the bench as a lawyer, an elected judge and his ascension to lord justice of the appellant court to get it all figured out.

So as we get that out of the way we also need to look at “The companies will have to notify users of a data break-in within 72 hours of its discovery. They’ll have to give up monopoly control of the personal information; people will have the right to obtain a copy of their data and share it with others“, it took Sony a hell of a lot longer to figure out that they were breached and notify people. So now consider the breaches of Equifax (143 million), eBay (145 million), Yahoo (3 billion) and Target stores (110 million). the implication of alerting that many people is not just weird, it is actually dangerous as people tend to overreact do something stupid and lock their accounts, these 4 events could set the stage for close to 4.5 billion locked accounts. The entire 72 hours, that whilst the discovery does not guarantee that the intrusion is stopped opens the entire system up for all kinds of hackers to have a go at that victim and truly make a much bigger mess of it all. Now the people should be informed, but the entire 72 hours was (as I personally see it) pulled out of a hat. In all this the latest Facebook issue was not done by hackers, it was done by corporations who intentionally abused the system, they set their profit knowingly at the expense of the users of that system and exactly who at Cambridge Analytica is currently under arrest and in prison? It seems to me that Facebook, clearly a victim here, has made mistakes, yet the transgressors are not held to vigorous account, yet the maker of the system is. Now, let’s be clear, Mark has clearly some explaining to do. Yet, when we see “Facebook failed in an attempt to get a handle on the Cambridge Analytica scandal Monday, after British authorities ordered its auditors to vacate the political consultancy’s offices” (source: Fortune), all this whilst the offices of Cambridge Analytica ended up being raided 5 days later, I have never seen authorities giving bank robbers that level of leeway, so why was this level of freedom given to Cambridge Analytica? When we consider that this data could be transplanted to writable objects (Blu-ray) in mere hours, it seems to me that giving them 5 days to wipe the evidence is a lot more questionable than merely thumping Facebook for the flaws.

The one part I truly disagree with is “Many of us have a need to connect and share. But expecting much privacy in a business model that relies on selling your information is highly unrealistic“, you see, here we see two levels of privacy, that what the person shares, free of will and that what is accessed. In one part the privacy from the outside is partially an easy thing, because Google with AdWords has shown that to be a clear option, their advertisers can create and address a population to the granularity available, yet the results of this marketing is done in a level of aggregation, individual records per person are not available. The fact that apps could capture it was a given, but the fact that all unique identifiers were optionally possible was kept in the shadows and that is where Cambridge Analytica worked. Now, this is a generalisation, but it fits the overall issues. Facebook could have done better, yet it was massively naive when it thought that the paying corporations would not try to get their fingers on EVERY part they could. In that I wonder what data the insurance companies in the end got a hold on.

So when I see “Tech investor Jason Calacanis has set up a contest — the Open Book Challenge — to create a Facebook replacement. Finalists will be given $100,000 and residence in a 12-week incubator“, when we see it in the light of “Facebook has delivered Zuckerberg a net worth of over $60 billion” must be the easiest pickings for Jason Calacanis that any entrepreneur has ever been a part of. It is like the pyramid games after 15 rounds whilst the top person stayed on top never having to pay more than 0.0001% of the total earning, not even Las Vegas in its wildest times offered such odds.

So I am very much against regulations, it is merely a way for governments to get a hold of that data. Now I am not against that if it truly serves national security, but the fact that actual criminals and terrorists use such systems to elude identification and strike form a distance merely makes it a waste of time and most analysts know this. Now, we also know that when we know where exactly to look, Facebook could reveal stuff, but to hold those billions of accounts to optionally find merely one person is an extremely bad application of time management.

In the end, the one additional part I liked was Zuckerberg stating “It was my mistake, and I’m sorry. I started Facebook. I run it. And I’m responsible for what happens here”. I like it because of the realisation that in all the bungles of IBM in the last 30 years, especially the PS/2 range, at what point did any of them stand up and tell their consumers that they screwed up? Especially in line of the setting that the average Model 80 (80386) computer was 400% more expensive at merely 28% of the power of a Taiwan clone, in addition the on board time clock battery has given the user more headaches than a hammer and the graphical underperformance offered should be forgotten at the drop of any hat.

So in this Zuckerberg kept his head high and in all this the entire setting of data abuse is still not addressed by either the US or UK government, in all this there is absolutely no indication that the abusers will be facing punishment or prison, so in all this the law failed the people a lot more than Facebook ever did, especially in the light of issues like this have been going on for years, but we do not get to read that part, do we?


Leave a comment

Filed under IT, Law, Media, Politics, Science

Identity denied

There are moments when we resort to other ways of expressing ourselves; it is in our nature to find alternatives to the story, so that we can tell the story. Nearly every person does it. Sometimes we ask ‘would you take that extra pastry?‘ instead of telling someone that you really feel like having another pastry. So when it comes to social media, we see not ourselves, but the person we want to be. We want to own the Hall of Faces (Game of Thrones) where we can mask ourselves with the identity of a dead person, like Ethan Hawke in Mission Impossible, walk in, sound like the person we are not, because we do not like ourselves in that particular moment. So when we look at Facebook, are we thinking the Hall of faces? In light of all that was revealed, are we in a stage where we prefer to be someone else?

You see, the shit is on the walls as some would say. Mark the Zuckyman did the right thing, he stood up (after a few days of silence) and held himself responsible and we are all over this that he is the culprit, but is he truly guilty? We see all kinds of articles on Facebook, like ‘You’ve decided to delete Facebook but what will you replace it with?‘ (at https://www.theguardian.com/technology/2018/mar/31/youve-decided-to-delete-facebook-but-what-will-you-replace-it-with), even after a week this is still highly valid, because for millions of the multibillion users of Facebook, it has yet to sink in. Go to WhatsApp? Instagram? Both are owned by Facebook, so where does that leave you? So when we try to trivialise it with #DeleteFacebook, we need to realise that this is new territory. We now talk about the Social Media Landscape and it is not small. It is huge and most importantly, this is the first true generation of the Social media generation. We were not ready, and i have been trying to explain that to people for nearly 3 years. Now we see overreactions whilst sitting down contemplating it all was never an option. The law was missing it as it is more interested in facilitating for commerce, exploitation and profit (Sony and Microsoft are nice examples there), Human rights are failing, because the issue of Digital rights is only seen in the relation of commerce, not in the relation of privacy, in this the entire Google and the people’s rights to be forgotten is merely a reason to giggle, a Google giggle if you preferred.

The article has one funny part, with “For those determined to exit the Facebook ecosystem, the best approach is more likely to be a patchwork of sites and apps that mirror individual features. Messaging is the easiest: apps such as Telegram and Signal offer messaging and group chats, as well as voice calls, with encryption to keep your communications private. Telegram even has a thriving collection of chatbots, similar to Facebook Messenger“, you see, it is done on a smartphone (mostly), so you could consider dialing a person and have a conversation, your mum if she is still alive is not the worst idea to have. You see, the plain point is where you end up. So when we see “Part of Vero’s appeal to Facebook deleters is its determination to be ad-free. It is planning instead to start charging a small annual subscription at some point“, you see these people designed it for wealth (as one would) so where are they getting the money? The small annual subscription does make sense, but in light of that you better remember where all your data is and even as we see ‘emphasis on privacy‘ we need to realise that there are clear situations where the word Privacy is open to suggestion. What people forget is that ‘The boundaries and content of what is considered private differ among cultures and individuals, but share common themes‘, so are their settings of what is private the same as yours? Also, when they sell their company for a mere 2 billion, make no mistake, the word privacy is not open for debate, it will be whatever the new owner decides it to be. This is merely one side of data, as data is currency. That is what I have been trying to explain to nearly everyone (for 5 years now) and they all shrugged and stated, ‘it’ll be right‘, so is it right? Is it all right now? If you are considering becoming a member of the growing party of #DeleteFacebook it clearly was not.

So when we are treated to ‘News of Facebook’s secret tool to delete executive messages caps days of chaos‘ (at https://www.theguardian.com/technology/2018/apr/06/facebook-using-secret-tool-to-delete-messages-from-executives) we see another part of Facebook, we see new uproar. The question is whether this is justified. You see, when we see “the company has a two-tiered privacy standard (one for executives, one for everyone else) and over its use of facial recognition software“, in most cases this makes perfect sense. Corporate executives tend to be under scrutiny a lot, as it sometimes is valid; they still have a job to be done. I was amazed on how many people Mark Zuckerberg was connected to in the beginning of Facebook. It was awesome and cool, but I reckoned that it was not always constructive to productivity. I have been in places where the executives had their own server for a number of reasons, mostly for HR reasons and whether it is valid or not, it is a corporate decision, in that light I am not amazed, only when I was doing work for Google was I on a system where I could see everything and everyone all including what I thought was the board of directors. Here is where it gets interesting, because Google has a (what we refer to) a true open system for all who work there. It is invigorating to get access to so much information and my first night was me dreaming of combining things, what if we did ….. and ….. would we then be able to …..? It was exhilarating to feel that rush of creativity, in areas where I had no skill levels to boot. With a ‘closed’ system like Facebook, we need to consider that by setting the state of all is open that it is a legal trap when you give billions of people access to systems and situations. The mere legal differences between the UK, US and AUS, all common law nations would be the legal nightmare of decades. Shielding the executives from that is a first priority, because without them at the wheel it all falls to chaos.

That reality is seen with “Facebook says the change was made following the 2014 Sony Pictures hack, when a mass data breach at the movie studio resulted in embarrassing email histories being leaked for a number of executives, ultimately costing co-chair Amy Pascal her job“, some might remember the mail that George Clooney send in regards to the Monuments Man, it made pretty much all the papers. I love his work, I enjoy the artistic values he has, shares and embodies, but without certain levels of privacy and shielding his artistic side might take a large dump towards uncertainty, not a side I am hoping for, because even as he is merely 360 days older than me, he should be able to create another 30 years of movie excellence and I would like to see those movies, especially as we see that he is doing to Matt Damon in Suburbicon, what the Coen brothers were doing to him in Burn after reading and Hail, Caesar!, so plenty of fun times ahead for all us movie fans.

Even as we are all looking where we want to go next, the foundation of issues remain. There is an utter lack of Social media legislation; there is a mess of issues on where privacy is and what is to be regarded as privacy. The users gave it all away when they signed up for options, apps and ‘solutions’ again and again. Until that is settled, any move we make moves the issue and moves the problems, it will not solve anything, no matter what some of the app developers decide to state. In the third part “‘The third era of Zuck’: how the CEO went from hero to humiliation” (at https://www.theguardian.com/technology/2018/apr/06/mark-zuckerberg-public-image-cambridge-analytica-facebook), I think he got kicked in the head real hard, but not humiliated, although he might think he was. So as we recall Dean Martin with Ain’t That a Kick in the Head? we need to realise that is what happens. That is what happens when Social media becomes a multi-billion user behemoth. Mark Zuckerberg made mistakes plain and simple. What do you do? You get up from the floor, fix it and restore the need for growth. And now still we see that mistakes are made. This is seen with “On Friday morning, the company apologized and pledged to stop deleting executives’ messages until they could make the same functionality available to everyone“, the largest mistake and it opens social media to all kinds of organised crime. Merely send the threat, tell the people to do …. or else and after an hour, after it is seen to have been read, the message is deleted, it becomes a miscommunication and no prosecution is possible.

That is the biggest mistake of all, to set a multi-billion user group open to the needs of organised crime even further then it likely is. How stupid is that? You see, as I interpret this, both Sheryl Sandberg and Mark Zuckerberg are in the musical chair setting, trying to do things on the fly and that will hurt them a lot more than anything else. We get it that mistakes were made, fix them, but not on the fly and not just quick jumps overnight. Someone has pushed them into defence play and they actually suck at that. It is time for them to put their foot down and go into offensive and attack mode (pun intended). When we consider what was before, we get it that Zuckerberg made mistakes and he will make more. We merely need to look at Microsoft and their actions over the last 3 decades to see that they screwed to pooch even more royally than Zuckerberg will be able to do, but the media is silent there as it relies on Microsoft advertiser funds. IBM and Apple have made their blunders in the past as well, yet they all had one large advantage, the impact was never towards billions of users, it potentially could have hit them all, but it mostly just a much smaller group of people, that was their small blessing. Apple directly hurt me and when I lost out on $5500, I merely got a ‘C’est la vie‘ from their technical centre, so screw that part!

There will be a large change sooner rather than later, the issue with Cambridge Analytica was too large to not make that happen. I merely hope that Zuckerberg has his ducks on a row when he makes the jump, in addition to that was Steve Bannon arrested? Especially when we consider Article 178, violating the Free decision of Voters. You see, it is not that simple, social media has never been used in that way, to such an extent, the law is unclear and proving that what Cambridge Analytica did would constitute a clear violation of the free decision of voters, that is what makes this a mess, legislation on a global scale has failed when it came to privacy and options regarding the people in social media. Steve Bannon can keep on smiling because of all the visibility he will get for years to come and after years when no conviction comes, he can go on the ‘I told you so!‘ horse and ride of wealthy into the sunset. That situation needs to be rectified and it needs to go way beyond Facebook, the law itself has faltered to a much larger degree.

The fact that politicians are all about terror cells and spilling inflammatory messages whilst having no resolution on any of this is merely showing what a bunch of apes they have proven themselves to be. So when we saw in January ‘Facebook, Google tell Congress they’re fighting extremist content‘, where were these congressmen? Where the fuck was Clint Watts, the Robert A. Fox Fellow at the Foreign Policy Research Institute, and National Security analyst as CNN now reports that optionally 78 million records have been pushed onto the Russian servers? (at https://edition.cnn.com/2018/04/08/politics/cambridge-analytica-data-millions/index.html), now implying that Cambridge Analytica has undermined US safety and security in one operation to a much larger extent than any terrorist has been able to achieve since September 13th 2001. That is 17 years of figments, against one political setting on the freedom to choose. I wonder how Clint Watts can even validate his reasoning to attend the US Congress at all. And this goes way beyond the US; in this the European Commission could be regarded as an even larger failure in all this. But it is unlikely we ever get treated to that side of the entire show.

The media needs both players a lot more and bashing Facebook makes for good entertainment they reckon. Time will tell whether they were right, or that the people at large just never cared, we merely end up having no social media identity, it will have been denied for reasons that were never real in the first place.


Leave a comment

Filed under Uncategorized

All eyes on Nintendo

We have 9 weeks left, 9 weeks until we are hopefully blown away by the 2018 E3 presentations. This year the stakes are very high. You see, the number one place in not up for grabs, it is there for Sony, there is no chance for anyone to catch up and the next 15 months will give Sony the boost of a lifetime, optionally the strongest boost in its existence. The games are just that impressive. The only worry is, will they all be on time and how long until the next one is released. That last question is actually more important than you’d imagine, and not for the reason you might think.

You see Microsoft fumbled, they dropped the ball and whilst too many are listening to their marketing ‘the Xbox One X is the most powerful gaming console ever made‘ these many are now seeing the negative sides, the flaws. Some are handed how components are held together by thermal paste (I cannot verify that validity), some state that bricking and hardware failures are too often heard (another thing I never heard myself). My issue remains that the entire design was flawed all the way back to the beginning of the Xbox One. Microsoft had the opportunity to fix their gigantic screw up with the release of the Xbox One X, but their ego got the better of them and it is about to cost them even more, more than they ever realised. It is not about the PlayStation, that ship has sailed and it is now almost half an ocean ahead of Microsoft. The setup for the upcoming releases of Sony PlayStation games is more than stellar; it is close to the best setting of amazing games since the release of the PS4 console itself. The only worry is will they all be on time? There are always the hazardous moments that gamers call ‘delays’.

This all matters as Microsoft is about to qualify for a very special award. One that would make Satya Narayana Nadella, Phil Spencer and Bill Gates proud (I guess). You see, Microsoft is about to qualify for the Wooden Spoon award, the award for being dead last. That is not a joke. We are closing in on the moment where the Nintendo Switch will surpass the Xbox One sales. In just over a year the Nintendo Switch got 50% of the total number of sales that the Xbox One had in its total lifetime. What I predicted last year is going to happen, it is still unlikely that it will happen in 2018, but in 2019 the goose of Microsoft will get cooked in the most entertaining way. Fun filled Nintendo does with glamour and joy what the Marketing department of Microsoft was unable deliver, an actual product that brought joy. And now the previous line ‘The only worry is, will they all be on time‘ becomes very much an issue. You see, more and more PlayStation players are moving into the line to get a Nintendo Switch on the side. And it actually works, because these two are in very different gaming lanes and whilst some always thought that having the Xbox One and the PS4 together was a good idea, the bungles of Microsoft is making these people reconsider and they will switch for a Nintendo Switch. I see it as a very good choice; Microsoft has been too stupid for far too long a time.

It is weird because even as Microsoft bungled their E3 in 2016, they actually hit the ball out of the ballpark in 2017. There was a glimmer of hope for Microsoft at that point. I was not convinced, even though I thought that the 2017 show was the best they had given in a very long time, the Xbox One flaws were too clear on the surface and they ignored it in the Xbox One X. So as we await what will happen in 9 weeks, we will realise that if Nintendo does another great show, the date of Nintendo overtaking Microsoft will move slowly and steadily towards the beginning of 2019 and perhaps even towards December 31st 2018, this year the thanksgiving and Christmas season will make all the difference, it will set the stage for the optional new number two console, the Nintendo Switch.

I have no doubt that Nintendo will take that spot, it is merely the fact that, at present, it will not happen before January 2019. That could still change if the Nintendo Show is stealing it this year at the E3 2018 whilst the Microsoft show drops the ball like it did in 2016 and 2017. There is supporting evidence. You see, when I read “While announcing its E3 2018 press conference date and change of venue, Microsoft has promised that the company’s E3 presence will be greater than ever before“, I personally did not see it as the spectacular option to make a change for the better. You see “This year the show will be held in the Microsoft Theater, a separate venue located across the street from the Los Angeles Convention Center” is the indication that once seen together, in the same place as the Nintendo and Sony, the people get to see that Microsoft is losing, losing faster and becomes increasingly less impressive.

That is the war and that is the stage where Microsoft marketing has no chance of staying afloat. Digital Trends gives us the final part with “As Microsoft becomes the latest major player to ditch the E3 mold, it will be interesting to see if other studios follow suit in the years to come. Microsoft will still be present at the convention center with a Mixer booth that will hold play and streaming sessions throughout E3“, you see if you have something truly spectacular, you want the others to stand next to you, fading away as you sparkly shine bright. I remember the ECTS in London (the UK version of the E3 in the 90’s) the year that SEGA had its Dreamcast on show, Sony was not a happy player that year. Microsoft is about to have the same issues and bailed ahead of that inescapable downturn. The E3 booth is as I see it merely for show and presence. The audience at large are all hoping and expecting to see The Last of Us: Part II, not merely a small demo, but a playable part and that is the first of several games that will blow Microsoft out of the water, they have nothing to counter with, they did this to themselves. Yet in all this the Nintendo games are still a little bit of a question mark. Some have been announced, most will be there, but in all, most are hoping to see the Pokémon Switch part as the rumours have been all and about. Others are still wondering if Metroid 4 will capture the awesomeness of the first two and some (including me) are hoping that the first two will make it to the Switch too. Some are all on the Skyrim Switch horse and those are equally ‘demanding’ that fallout will make the jump too. I am not convinced, you see, when you played this on XB1 and/or PS4, you know you will lose partly some of the power of the game, it just does not completely hold on the Switch, that is not bad for the switch, because the game was never designed as such, but those who play the whole part do not want to settle for something that is partial. Yet, that seems to be merely me and most are all on the Bethesda Switch horse, which is a growing community pushing the date of overtaking much closer to December 2018.

In this the 2018 E3 might be one of the most important E3’s that the NextGen consoles have ever faced. Even as Sony is in a happy all rosy setting at present, for Microsoft it will be a day where not one but two swords of Damocles are looming over the heads of these executives. One sword is linked to the failure of the Microsoft show; the second one is linked to the success of the Nintendo show. The most powerful console of the world is about to get bashed twice, once by their own ego, the second bashing will come through the actions of a smashing plumber named Mario, in this specific case in the shape of Super Smash Bros, the enduring agony of Microsoft will not be fixed in the short term, if they had only actually listened to gamers beforehand, their predicament wouldn’t have been anywhere near this bad.

So as we are now swamped by news on all levels on how “Microsoft’s E3 2018 plans will give the Xbox One a chance to shine away from the show floor”, with one source giving us “With the larger venue, Microsoft will be able to host more fans and partners at its press event than ever. Of course, it will all be for naught if Microsoft doesn’t have anything to show off, but the company knows that it is on shaky ground”. The source (@JacobSiegal) is right of course, but the fact remains that when it comes to exclusives at present, Microsoft is clearly a Far Cry behind Sony. Oh, no! Far Cry 5 is there for PS4 too, so there is that loss for them. Yet the pun was intentional. There is a clear visible case that the only reason that Microsoft remained in the game for so long at this speed was due to the unrelenting support from Ubisoft, without them there would be no Xbox One, or the One X at all. Ubisoft set the post high enough for that so called ‘most powerful system’ to be around at all. Even now, we see that as the Ubisoft listing is showing that their games are for both systems, they will also be releasing Switch titles. It is there that the Switch will gain even more momentum, whilst their dedication (Ubisoft) to all consoles give rise to the fact that the slowdown of Xbox One X consoles will remain minimised. So it is in that part that we will see that implied huge display from Microsoft in that place across the street from the E3 will be really heavy on Ubisoft presence, and in all honesty, plenty of Xbox gamers will love that, especially when they are treated to playable multi player parts of the Division 2 (speculation from my side). That is essential as we now see that several exclusive titles for the PS4 will never make it to the XB1x. It will be the other way round for some titles as well, but weirdly enough, none of those titles score anywhere near the excellence of the PS4 games. It seems that the most powerful system in the world gets to lag in more than one area, that whilst Switch is bringing their own remastered titles, like the Spyro trilogy (several sources), what is shown is pretty much amazing in quality, so it is there that my one warning to Sony is given, they were already worried that Nintendo was taking off in stellar ways, Sony will show another worry, not that Nintendo will catch up with them, but that software sales of Nintendo will make a huge leap, whilst the overall sales of PS4 games are extremely excellent, its top increase will merely lag by an optional 1%-2% as many consumers might buy one less game on the PS4 and will change that one title less bought for two Nintendo Switch titles instead, which would make perfect sense in several ways.

We will know a lot more (read: we can predict a few things better) in 9 weeks; I just can’t wait to voice the words ‘I told you so!‘ to Satya Narayana Nadella (apparently the CEO of Microsoft).


Leave a comment

Filed under Gaming, Media

The politics of denial

I started this last Friday, so as I started writing this, I got to do the clumsy thing and actually kick out the power cable, losing all I had written. It led to my own denial and anger, and it fittingly fits this. Now, as I revisit the issue I have on one side the pleasure of having ‘new’ data, and the displeasure of going over this, but I will a little later in the article as it actually has bearing on all this.

So these three senators have decided to see if they can break up their entire Saudi Arabian support system, which will work out swimmingly for the UK, but about that later. The three senators Bernie Sanders, Mike Lee, Chris Murphy have started the US on a path, where the setting is that those three have introduced a resolution that will force the chamber to vote for the first time on whether the US should continue to support Saudi Arabia in the war in Yemen, a conflict that has led to the deaths of at least 10,000 civilians. In itself that is not the question, you see this is not whether what they do is ‘right’ or ‘wrong’. As we see it in the Guardian (at https://www.theguardian.com/world/2018/feb/28/yemen-saudi-arabia-war-us-support-senator-push-to-end) we get ““This is about the process,” said an aide to Lee. “What decisions do we make for a country that has been at war constantly for almost 20 years? When do we say that something is worthy of intervening in and when do we make that determination? It’s about the how“, which is fair enough. It is a political decision in all this and we can view it from one side, or from the other side. But there is actually a lot more going on.

Part is seen when we see “Yemen’s conflict began in 2014, when the Houthis, Shia rebels from the country’s north, seized the nation’s capital and ousted the Saudi-backed ruler, Abd Rabbu Mansour Hadi, who lives in exile in Riyadh. In response, a Saudi-led Arab coalition began a bombing campaign in 2015, to restore the exiled government to power”, in all this, we might see these matters as separate, but they are not, they are very connected.

The first part is seen in the NY Times (one of many sources), on April 14th 2011 we see ‘U.S. Groups Helped Nurture Arab Uprisings‘ (at http://www.nytimes.com/2011/04/15/world/15aid.html), here we see “a small core of American government-financed organizations were promoting democracy in authoritarian Arab states“, as well as “as American officials and others look back at the uprisings of the Arab Spring, they are seeing that the United States’ democracy-building campaigns played a bigger role in fomenting protests than was previously known, with key leaders of the movements having been trained by the Americans in campaigning, organizing through new media tools and monitoring elections” we see that America never learned from its mistakes in Egypt, Iran and other places. Now, I have nothing against democracy, I grew up in that environment and we should all accept that, but is it that clear? These nations had a sovereign right, they decided not to be democracies and as some filled the heads of some people with the ‘golden dream‘, and got trained into the creation of flocks and let them flock to those Arab spring groups the damage ended up getting close to complete. What started in Tunisia in 2010, moved to Libya, Egypt, Yemen, Syria, and Bahrain, where we saw the unsettling of regimes, major uprisings and social violence, riots, civil wars and/or insurgencies. Places like Morocco, Iraq, Algeria, Iranian Khuzestan, Lebanon, Jordan, Kuwait, Oman and Sudan were not impervious either to some extent. So in the age of the fucked up Obama administration we saw the start of more violence and the death of close to a million citizens, yet the Democratic Party goes into denial at that stage, because they were not involved. Now, legally speaking there is absolutely no evidence that this was done with the blessing of the Democratic Party, or parties in the White House in that time. Now, it might exist, but I have not seen it. In addition as the NY Times gives us we see references to “the International Republican Institute, the National Democratic Institute and Freedom House, a non-profit human rights organization based in Washington“, as well as “The National Endowment receives about $100 million annually from Congress. Freedom House also gets the bulk of its money from the American government, mainly from the State Department“. So here we see the crux, these three senators want to set the how and the process, but their own system caused this and now they want it to go away. The US burned them self on Syria by standing at the sideline whilst we see that they caused it indirectly. Now as they numbers in Yemen add up, we see that the US is ready to get into denial fast. The issue is even more ‘hilarious’ when we see in that same NY Times article “Ms. Qadhi, the Yemeni youth activist, attended American training sessions in Yemen. “It helped me very much because I used to think that change only takes place by force and by weapons,” she said. But now, she said, it is clear that results can be achieved with peaceful protests and other nonviolent means“, so how peaceful did things go in Yemen, and how peaceful did those 10,000 citizens die?

I am not implying that Ms. Qadhi was involved in any of that, but for aspiring autocrats the notion of destabilisation breeds opportunity, which is pretty much what we are seeing now; with splintering in Yemen the damage is actually increasing with Iran, Islamic State, Ansar Allah playing their part. As the BBC reported in February 2015 “But as the interim government of President Abdrabbuh Mansour Hadi stalled in early 2014, Ansar Allah launched an aggressive military campaign in the north, defeating key military units allied to Gen Ali Mohsen al-Ahmar and the Islah political party” so how peaceful should we see this ‘aggressive military campaign‘?

And that is not even the beginning of the issue. The NY Times give us in conclusion “we appreciated the training we received through the NGOs sponsored by the U.S. government, and it did help us in our struggles, we are also aware that the same government also trained the state security investigative service, which was responsible for the harassment and jailing of many of us, said Mr. Fathy, the Egyptian activist“, which now reads that the US government was selling short and betting on both sides of the event, like an arms dealer providing both sides with the latest creation in the effort to end the lives of those on the other side of the equation.

It gets even more disturbing when we see the Telegraph (UK) give us (at https://www.telegraph.co.uk/news/wikileaks-files/bahrain-wikileaks-cables/8334643/GUARDING-NDIS-FLANK.html) the part where there is a dis-proportionality in all this making the issue even more toxic and dangerous. That part is seen in “Al-Hamer promises to be a cooperative partner for emboffs and, we judge, will support NDI programming so long as it does not disproportionately benefit Al-Wifaq and other opposition political societies. He is somewhat favourably disposed towards the U.S. — all four of his children study in Boston or Austin, TX — and his wife, Afnan Al-Zayani, is a MEPI grantee. Al-Hamer’s chief focus will remain his job as the King’s media advisor; he will likely leave BIPD strategy and operations to other members of the new board of trustees and to Al-Khayat and his senior staff. Emboffs will engage with Al-Khayat and board members such as Al-Otaibi, and will remain alert for any signs of BIPD or GOB discomfort with NDI in an effort to avoid any repetition of the controversy NDI encountered in 2006“,

Finally the NY Times gave us: “Hosni Mubarak, then Egypt’s president, was “deeply sceptical of the U.S. role in democracy promotion,” said a diplomatic cable from the United States Embassy in Cairo dated Oct. 9, 2007“, which took roughly 3 years, 4 months and two days until that same democracy promotion scheme got rid of him and his presidency on 11th February 2011.

Now we see that the US is adding to its own misery. As it had lost any credibility it has, we see that three senators are setting the stage where the US could lose even more. We see that (at https://lawlordtobe.com/2018/03/06/the-global-economic-switch/), the issue of Saudi investments are now bubbling to the surface. Not just some need for a desalinisation plant. No this is a setting in excess of 500 billion and as the US government is trying to make a play for some parts of that, we see three senators trying to get on a high moral horse and change the setting of support to Saudi Arabia. So as they hold the high moral horse and stop any actions to take place, how would Saudi Arabia react with their “the half a trillion dollar NEOM“, the massive growth in dependency and requirements for technology will take a nice seat where these actions might result in Saudi Arabia talking to British Telecom and Verizon might end up sitting at the side of the road. What was a near equal race between the two for the graces of 5G opportunity is now a race where Verizon could in theory end dead last. Cory Booker the Democrat senator for New Jersey is just going to love all this or not?

The problem is that this should have been about the morality and not the cash, yet that is what politics in a bankrupt state has been reduced to. Now as we are seeing all that good news in regards to the US economy. Most ignore the other side as “Toys “R” Us may be planning to liquidate its bankrupt U.S. stores, according to a report by Bloomberg News. The retailer, reportedly, has not found a buyer or secured a debt restructuring deal with its lenders” (Source: CBS), in addition the LA Times gives us “The downfall of Toys R Us can be traced back to a $7.5 billion leveraged buyout in 2005, when Bain Capital, KKR & Co. and Vornado Realty Trust loaded the company with debt. For years, the retailer was able to refinance its debt and delay a reckoning. But the emergence of online competitors, such as Amazon.com Inc., weighed on results. The company’s huge interest payments also sucked up resources that could have gone toward technology and improving operations“, the interest payments, the issue that several larger players face, with Google, Amazon, and Microsoft being likely the only exceptions, we still see the growth of debt where these larger players are all fending off the inevitable. Gun maker Remington and guitar company Gibson, two iconic companies, neither made it out and are now in the bankruptcy setting, and they are not alone, so as they vanish thousands of workers will be in the need of finding new jobs and possibly even resettling in another state changing state pressures on the support systems that were in place, because those people made products that needed shipping, they had infrastructures and shops depended on these thousands, they are most likely to move and as that happens more pressure is exerted on others.

Is that all relevant?

Only indirectly! You see it is part of a pattern. The US has pushed the media to be in denial of the debts and the costs of these debts. So when we consider that Intergovernmental holdings stood at $6.3 trillion, giving a combined total gross national debt of $19.8 trillion or about 106% of the previous 12 months of GDP, with 45% that the public has is owned by foreign investors, the largest of which were Japan and China each having a little over a trillion of that debt. So even at 1% the debt is a large issue, even as it slowly decreases, two of the 32 nations should be getting $10 billion each and that is merely the interest and that is if it is only 1%, it is unlikely to be below 4%, so the US has to come up with well over 250 billion and that is beside all the normal expenses they have. It only takes one negative event to push them over the hill and more than one is coming, in addition the US desperately needs part of the economic $500 billion windfall, and that is likely to become the diplomatic debate that the State department will be confronted with. with the debt adding well over $240 billion in the last 11 months the forward momentum is not there at present (it was earlier than that though), we see that the US has issues and dilemma’s to deal with, only one of them is Yemen and several are with Saudi Arabia, a nation they need to be friends with for all the reasons they can muster.

So as we look at Al Jazeera (at https://www.aljazeera.com/news/2018/03/180310204215697.html) where we see “A military solution to the conflict in Yemen will be a disaster”, said al-Hamdi, a former member of the Yemeni parliament who was ambassador to the Czech Republic from 2009 until 2014“, we might give him the benefit of the doubt, yet is that true? You see “History is repeating itself. There is a history of Saudi intervention in Yemen, from the revolution in 1962 to the 1994 Yemeni civil war,” said al-Hamdi at the event, which was hosted by the Cordoba Foundation and titled Yemen: War, Politics and Human Tragedy event. “Yemen is being destroyed. A nation is dying,” said al-Hamdi“, yet we already know that it was the Yemeni president that was requesting assistance, there was an uprising and that started the current situation.

You see, what we do not see form any source is that when I look into Abdulrahman al-Hamdi, I find very little. I did find “Abu Salim mayor Abdulrahman al-Hamdi told Reuters that the unusually intense fighting that erupted last Thursday was triggered by members of competing armed factions capturing each other“, which is what Reuters gave us in March 2017 (might not be the same person), so the only other articles are from the last hours. Consider an ambassador that fell from all the news channels between his non-working status between 2014 and 2018, almost a death sentence. So is this ‘high morality‘ his way to get back into politics? Back in the news merely because it is convenient for some of the players, that is how I personally see it.

Back to the beginning of me

Now I get to go to the part I mentioned in the beginning. You see there was a small accident on Friday and I lost power and as a result my article was gone, I had not yet saved it. Now, I could have gone back to it all and rewrite it, but after 2,000 words (roughly) I felt a little drained and extremely agitated with myself. Kicking out the power cable is my own stupidity and it was on me and me alone. Perhaps you can relate? Consider that you leave home, you get to the train station and it is there that you recognise that your wallet is still at home. Now, this is not a biggie, we have all had that moment and it is that moment that you realise that you have to do that 15 minute walk twice more just to get back to the start. That is when your nerves hit you and I have resolved it to walk twice that much to the other station because the repetitive feeling falls away and weirdly enough the anger subsides quicker (no idea why though). I know, it is irrational but that is how my brain at works at times and we all have some kind of quirk like that. That quirk is shown in more clarity when we see the impact of the US Arab spring and the subsequent actions of the US. They are now trying to change it all because the death list that the US aided in starting the death counts in Syria, Yemen, and Libya to name three is also opening the wounds towards the Iran and the CIA-backed 1953 coup that ousted democratically elected Prime Minister Mohammad Mossadegh. Some are asking if the US will ever learn its lesson in this regard. Others are wondering how deep ‘Christian bitching fish wife fairy-tale mongering‘ goes in regards to the intervening actions in Middle Eastern rule and politics.

The end is nowhere near the end and it reflects also directly towards Syria, as we see “The UN secretary general has described the situation in eastern Ghouta as “hell on earth” and the body’s high commissioner for human rights described the military offensive as a “monstrous annihilation”“, in that it ended exactly as I expected it to play out. so as we see “The report from the UK-based human rights group, which said both Douma and the smaller nearby town of Harasta were surrounded and cut off, was disputed by locals, but such an outcome seems inevitable in any event as the regime presses its advantage, backed by both Syrian and Russian airstrikes“, so as the Syrian situation draws to a close we see that both US administrations have failed the Syrian people and as that population has been culled we see that the docile remaining part will become the sheep that the Syrian president needed them to be. In all this the profile of Russia is now further up and the US diminishes in parts of the Middle East, so alienating Saudi Arabia is likely the worst choice that America could make. Fortunately the UK still has a large opportunity there, but in all, as Saudi Arabia wants more options, the doors will open further for Russia. That was seen last week at CNBC as they gave us: “The agreement between Saudi Arabia and Russia to cut back on oil production has boosted oil prices and is now the foundation for a broader relationship“, even as Saudi Arabia is pushing for less power on oil, they still want the best price possible for what they have, a mere business approach to a commodity. In addition, less than a month ago we saw Bloomberg report that the liquefied natural gas (LNG) options, is  new field for Saudi Arabia to do in conjunction with Russia as we got “Russian gas producer Novatek PJSC and Saudi oil giant Aramco agreed to consider teaming up on Novatek’s Arctic LNG-2 project“, so we see growth on economic options for Russia as America has been closing its own doors, or to some extent, they are getting closed by Bernie Sanders, Mike Lee and Chris Murphy for whatever reasons they had.

It is now becoming a stronger imperative to find a path forward. Not merely in regards to Saudi- Us relationship, the issue of Yemen and Syria will plague us for decades to come, even if it is settled overnight (which is not ever happening), the cleaning tasks as well as finding a longer term solution for Humanitarian solutions can only become successful if the players enable Saudi Arabia to take the lead for ending the Yemeni crises. For Syria it is likely too late, as Russia is completing ‘its’ mission (at https://lawlordtobe.com/2018/02/24/losing-values-towards-insanity/), where we see in ‘Losing values towards insanity‘ the quote “With these two gentleman owning 50% (actually more than that) into LLC Megaline, with Megaline receiving a large chunk of the capital construction contracts for the Russian military we see that link. When the dust settles, Assad will need to rebuild, and they will be the front player and possibly only consideration on a nation needing to be reconstructed. So now how weird are their actions? Both Yevgeniy Prigozhin and Dmitry Utkin are now perfectly placed to rake in billions and in that regard we get back to the options for the dying in Syria; they don’t get to have any” a mere two weeks ago, now shown to be more accurate than anything else published. The media could have seen this coming with a ruler and an abacus, no high mathematical forecasting required.

So as we see the outrage on Yemen from all those seeking the limelight, I wonder if anyone will ask them the question, what exactly did you do for those Yemeni’s over the last 4 years? The list of activities might not add up to much, that is how I saw Abdulrahman al-Hamdi, because if you seek him on Google for the last year, he shows up once, just once for the Al Jazeera event 6 hours ago, that is also the next issue that both Syria and Yemen face, those who merely talk to get a seat on the table, because soon there will be money available and now they all want a seat at the table, it is the politics of denial, to only get there when the going is good.


Leave a comment

Filed under Finance, Law, Media, Military, Politics

The G30 court

There is an issue, an issue that we are all missing, more for the reason that after January 17th the media is steering clear of this with all the might and options they had. I reckon that they will spin this in a setting that it is ‘uninteresting‘, but when was it ever uninteresting to look at a group of 30 that has the alleged advantage of getting their fingers into a pool that has 0% risk worth billions?

The more important part is that there was one mention, or at least only one that was found, on July 7th 2017 and November 3rd 2017, both come from Reuters, the media has become that much of a bean flicking, pole pulling grape flocked bunch of pussies as I personally see it. Yet, the fact is that even as the impact is speculated, the setting given is that a group of 30 had an optional exclusive insight in the 3 trillion dollar ECB spending. Consider that each of these 30 got a 1% portfolio, where 75% of it was set at 0% whilst the remaining 25% might have op to 3% risk, in this setting the underwritten $31 billion for each member would set a speculated sanctified security of a multiple factors of $31 billion each. An elite group of 30 all having the top of the financial services cream at zero risk with the optional massive returns none of us ever had insight to. Now I can see that a mere 0.01% of that 1% would set me up for life, and that is merely the one source, the ‘in-crowd’, now would that be the incestuous insider towards untapped ‘considerations of investment‘ and they would all be bringing their own portfolios and economic insight on how to maximise that? Adding the man (read: Mario Draghi) spending Europe’s $3.1 trillion would happily be allowed into their midst, it is merely the setting that this rigs the game towards 30 participants whilst giving a weighted disadvantage to all other bankers is still an issue not covered by anyone.

So as we saw last November ‘ECB says not its call to publish content of Draghi’s meetings with financiers‘ (at https://www.reuters.com/article/us-ecb-banks-ethics/ecb-says-not-its-call-to-publish-content-of-draghis-meetings-with-financiers-idUSKBN1D327U) whilst we also see “At issue is Draghi’s membership of the so-called Group of 30, where policymakers meet bankers, fund managers and academics behind closed doors to discuss economic issues. He sits alongside former and current central bankers, such as Bank of England Governor Mark Carney and the Bank of Japan’s Haruhiko Kuroda, as well as Nobel laureate Paul Krugman

Yet even as we see “Ombudsman Emily O’Reilly had asked whether the ECB would “consider proactively informing the public of the content of these meetings” in response to “a complaint by activist group Corporate Europe Observatory, which said in January it was concerned about proximity at the G30 of ECB officials and bankers they are meant to supervise“, I cannot help but wonder what both Emily O’Reilly and Corporate Europe Observatory left unmentioned. It was also mentioned by the Dutch Volkskrant where the Corporate Europe Observatory (CEO) member Olivier Hoedeman added comment.

I tried to find more, so even as we have found Mario Draghi, Mark Carney, Haruhiko Kuroda and Paul Krugman as confirmed names (from the media), I initially believed that Groupe Credit Agricole (most likely Dominique Lefebvre) would be a member, I am also speculating that Peter Smith (as director of N M Rothschild & Sons) might have been a member of that group. There are a few other players, but it becomes increasingly less certain even from a speculated point of view. What does matter is that this is not merely some ‘secretive’ babble group. Even as we see last July “In a letter to Draghi that was published on Friday, European Ombudsman Emily O’Reilly said the meetings of the Group of Thirty, where central bankers, economists and financiers talk behind closed doors, are “not transparent” and questioned the ECB president’s membership of the club” as well as “Draghi has until September to reply to the letter in writing“, in that, the media and so called journalism stayed clear of this for the largest extent and the ECB did respond in October 2017 in the attached part. In my view, it all sounds nice but a select group of 30 with a pool of a number in excess of 6 trillion, where 30 people get first dibs on a risk bonus that goes beyond the comprehension of many and the media buries it on page 62 is a much larger issue, especially when the response on page 9 gives us “Moreover, Article 130 of the Treaty on the Functioning of the European Union safeguards the independence of the ECB and of the members of its decision-making bodies” whilst we all know that a mere fraction of $6 trillion has been a case for shifted morals and readjusted (read: weighted morals) in many regards, there are countless hours on C-SPAN that saw those liquid morals and settings in regards to the 2008 events, so the idea of ’30’ members ending up with golden parachute the size of Australia is not that much of a leap, speculated or not. So when we look back to the 2008 events and we see in January 2017, nine years later “The credit rating agency Moody’s has agreed to pay nearly $864m to settle with US federal and state authorities over its ratings of risky mortgage securities in the run-up to the 2008 financial crisis, the department of justice said on Friday“, whilst the damage from the 2008 crash was set to top $22 trillion, we should ask the US Justice department on where the remaining 21.991 trillion is and who was supposed to pay for that. So in all this the fact that the media is steering clear from the G30 and asking, or actually not asking anything past the Reuters articles seen should give alarm bells on many sides, not merely the media.

The EU Parliament magazine (at https://www.theparliamentmagazine.eu/articles/news/mario-draghi-under-fire-g30-membership), also gives us “CEO’s monetary and financial policy researcher Kenneth Haar said, “The Ombudsman’s decision is timely and very positive. Draghi’s involvement with the G30 was ill-advised from the start. Since 2016, when the ECB’s mandate for banking supervision was extended, the close ties between the president and the bankers’ group has become absolutely unacceptable“, or is that gave, because it is past tense and so far the media has remained silent since January 17. It seems to me (extremely speculative) that these 30 members are either connected or involved with the shareholders, stakeholders or advertisers in the media, because the media seems to be at all times protective of these three groups, whilst merely informing on those three groups in a filtered way, or to the smallest degree unless it was already out there in the field. The fact that this group has such a global hold is an issue and I might have been a lot less speculated on this, but the lack of transparency as well as the fact that we see “Tyga Gives Kim Kardashian A Hilarious Spelling Lesson On Social Media” and other Kim Kardashian on a daily basis, whilst the media remains silent on the speculated distributors of no risk trillions is a weird setting, especially when those sources have their fingers in thousands of billions. So when we see the BBC with: ‘Is it time we all unfollowed Kim Kardashian?‘, we might wonder whether it is yea or nea, yet there is a speculated 99.9999% likelihood that the G30 members will not make the cut towards monitored inclusion on following, I am certain that the first one that acts on that is has a boss who is likely (again speculated) to get a quick phone call from a shareholder, stakeholder or large advertiser to wonder if they have any grasp on their staff members and whether they want to manage or become managed.

Do you think that this is a stretch?

From my personal point of view I would give to you Sony (2012) issues, in regards to the change to the Terms of Service. The media ignored it, even as it would impact a group of 30 million consumers. Most of those players merely just trivialised it via ‘there is a memo‘ on it. The rest did even less; some even ignored it all together. With Microsoft (2017/2018) we see even more (at https://www.computerworld.com/article/3257225/microsoft-windows/intel-releases-more-meltdownspectre-firmware-fixes-microsoft-feints-an-sp3-patch.html)

You’d have to be incredibly trusting — of both Microsoft and Intel — to manually install any Surface firmware patch at this point. Particularly when you realize that not one single Meltdown or Spectre-related exploit is in the wild. Not one“, the amount of visibility (apart from marketed Microsoft Central views) is close to null, a system with no more than 17 million users is marketed and advertised to the gills, so the media seems to steer clear, merely two examples in a field that is loaded with examples.

Back to the group

So as I gave the speculated view earlier on the ‘whom’, we can see the full list (at http://group30.org/members), these members are according to the website:

  • Jacob A. Frenkel, Chairman, JPMorgan Chase International
  • Tharman Shanmugaratnam, Deputy Prime Minister, Singapore
  • Guillermo Ortiz, Chairman, BTG Pactual Latin America ex-Brazil
  • Paul A. Volcker, Former Chairman, Federal Reserve System
  • Jean-Claude Trichet, Former President, European Central Bank
  • Leszek Balcerowicz, Former Governor, National Bank of Poland
  • Ben Bernanke, Former Chairman, Federal Reserve System
  • Mark Carney, Governor, Bank of England
  • Agustín Carstens, Former Governor, Banco de México
  • Jaime Caruana, Former Governor, Banco de Espana
  • Domingo Cavallo, Former Minister of Economy, Argentina
  • Mario Draghi, President, European Central Bank
  • William C. Dudley, President, Federal Reserve Bank of New York
  • Roger W. Ferguson, Jr., President and CEO, TIAA
  • Arminio Fraga, Founding Partner, Gavea Investimentos
  • Timothy Geithner, President, Warburg Pincus
  • Gerd Häusler, Chairman of the Supervisory Board, Bayerische Landesbank
  • Philipp Hildebrand, Vice Chairman, BlackRock
  • Gail Kelly, Global Board of Advisors, US Council on Foreign Relations
  • Mervyn King, Member, House of Lords
  • Paul Krugman, Distinguished Professor, Graduate Center, CUNY
  • Christian Noyer, Honorary Governor, Banque de France
  • Raghuram G. Rajan, Distinguished Service Professor of Finance
  • Maria Ramos, Chief Executive Officer, Barclays Africa Group
  • Kenneth Rogoff, Professor of Economics, Harvard University
  • Masaaki Shirakawa, Former Governor, Bank of Japan
  • Lawrence Summers, Charles W. Eliot University Professor at Harvard University
  • Tidjane Thiam, CEO, Credit Suisse
  • Adair Turner, Former Chairman, Financial Services Authority
  • Kevin Warsh, Lecturer, Stanford University Graduate School of Business
  • Axel A. Weber, Former President, Deutsche Bundesbank
  • Ernesto Zedillo, Former President of Mexico
  • Zhou Xiaochuan, Governor, People’s Bank of China

They also have senior members, which is interesting as they are younger than at least one of the current members, as well as the fact that most of the members in the current, senior and emeritus group have multiple titles.

  • Stanley Fischer, Former Governor of the Bank of Israel
  • Haruhiko Kuroda, Governor, Bank of Japan
  • Janet Yellen, Former Chair, Federal Reserve System

And the Emeritus members:

  • Abdlatif Al-Hamad, Former Minister of Finance and Planning, Kuwait
  • Geoffrey L. Bell, President, Geoffrey Bell and Associates
  • Gerald Corrigan, Managing Director, Goldman Sachs Group, Inc.
  • Guillermo de la Dehesa, Chairman, Aviva Grupo Corporativo
  • Jacques de Larosière, Former Director, IMF
  • Richard A. Debs, Former President, Morgan Stanley International
  • Martin Feldstein, Professor of Economics, Harvard University
  • Gerhard Fels, Former Member, UN Committee for Development Planning
  • Toyoo Gyohten, Former Chairman, Bank of Tokyo
  • John Heimann, Senior Advisor, Financial Stability Institute
  • Sylvia Ostry, Former Ambassador for Trade Negotiations, Canada
  • William R. Rhodes, President and CEO, William R. Rhodes Global Advisors
  • Ernest Stern, Former Managing Director; The World Bank
  • David Walker, Former Chairman, Barclays
  • Marina v N. Whitman, Professor; University of Michigan
  • Yutaka Yamaguchi, Former Deputy Governor, Bank of Japan

So this group of 30 is slightly larger and in the group each of these members would have the power and economic impact to tell any member of the Fortune500 what to do, or better stated and more important ‘what not to do!‘ It is in that instance that we see the first impact. A game that now looks as I personally see it rigged in several ways; so even as I was allegedly wrong about Dominique Lefebvre or a direct peer, we see Christian Noyer. So in my view, in a 2015 French article on the issue of “Who will succeed Christian Noyer as head of the Banque de France?“, we see “Mario Draghi, the president of the ECB, seems to have had the idea to see his right arm go. Benoît Coeuré would be an important ally for the Italian in the Council of the Governor“, yet in the light of the G30, it seems to me that such a discussion would have been set into a pre-emptive conclusion of who would needed to have been made king in that castle. When we see that in light of a previous article, namely ‘The Global Economic Switch‘ (at https://lawlordtobe.com/2018/03/06/the-global-economic-switch/), were well over 500 billion is to be invested and grown, in addition to the fact that the SAMA has oversight to well over 2 trillion dollars, how come that they do not have a seat at the table? In the same way that the Rothschild’s are not there, but they might be ‘represented‘ through Bernanke or Frenkel, whilst it is not impossible that Mario Draghi might be giving them the low-down to some degree, yet the Kingdom of Saudi Arabia with that much money on the ladle of expansion, that they are not part of it. In a world where that group is about (according to their own website) “The Group of Thirty, established in 1978, is a private, non-profit, international body composed of very senior representatives of the private and public sectors and academia. It aims to deepen understanding of international economic and financial issues, and to explore the international repercussions of decisions taken in the public and private sectors“, where the foundation of Saudi Arabia has been the power of OPEC and the power to instil the push to be a global player in many fields, in that sight in represented value that the repercussions of decisions are set at, to see the Bank of Israel yet not some link to SAMA (Saudi Arabian Monetary Authority) makes equally less sense in the line of thinking that the ‘about‘ section gives us, which makes me wonder what these members are about. they might be all about that, yet what else they are about, or what else they have a useful value in gives rise to my train of thought on where this train with less than 55 occupants is heading off to, and more so, in light of the power that these ‘30’ members have, the fact that the G30 is not the cover talk of many newspapers, especially the Financial Times is beyond me, because anyone coming to you with ‘No News’ or outdated news, or even worse that there is no real issue in play is clearly told what not to write.

It seems to me that not only is there more in play, the personal speculated view that I have in light of learning more and more about the G30 merely confirms my suspicions, as well as the insight that I am getting (a speculated one) where the media is steering clear from all this is a much larger issue. To what and in which direction is one I am not willing to go into, because I know that the ice is wafer thin at this point and skating on water is a realistic ‘no no’, yet the feeling that these members are getting a first view and optionally the option to dip their cups on plenty into a grape juice barrel of risk-less profit is one that I feel is very much in play. This G30 group is networking on an entirely new level, one that I have never seen before. This is not some kingmaker into presidency; this is a long term group where the optional billions will keep on flowing for decades to come. And this all in a setting of non-transparency, because this goes way beyond the 3 publications in 2016 and of course all those papers published before that. In the 2016 publication ‘Shadow Banking and Capital Markets: risks and opportunities‘, (at http://group30.org/images/uploads/publications/ShadowBankingCapitalMarkets_G30.pdf), we see in the conclusion on page 49: “Moreover, growing leverage across the global Economy can create important risks to macroeconomic stability even if the financial system itself is more resilient. And two developments are particularly concerning: the growth of emerging market foreign currency debt and the rapid growth of Chinese leverage accompanied by a proliferation of shadow banking activities are ominously reminiscent of precrisis developments in the advanced economies“, which is in view of the experts would be nothing new, yet resources available and the 36 exhibits and the recommendations would have been available to the G30 group much earlier than anyone else. In that light, we need to wonder not merely on the setting, in Exhibit 36 we see mortgage losses and the fact that there is the US, Canada and Europe, so in that light the fact that the fourth one is the Netherlands, is that not odd? In light of several settings, France, Germany, Italy and the UK, any of these four would have made perfect sense, so why the Netherlands? Exhibit 33 might have been a reason for this, yet in equal measure the absence of Scandinavia and Italy in this setting now adds to the questions. I think it is not merely choice and presentation, the absence of those players give rise to questions, perhaps even speculated questions and as there are none to be given, it makes me wonder what else is missing, what other data was filtered because in the light of data and presentation there is one golden rule I have always kept in the back of my mind.

The Analyst shows you which investment needs to be made, the presentation makes you look forward to the invoice.

So what invoice is the G30 group making you look forward to and where did it need to go? Two questions with optionally very different results, and in that setting, whilst you know the impact the European economy has had over the last 15 years, whilst we also know that Mario Draghi has been spending $3 trillion, in that setting the G30 does not make the news?

Who is getting fooled by all this and who is getting fooled by making sure that you do not get to notice this?

It is a much larger playing field that is from whatever point of view you have a field of inclusion, or a field of exclusion, yet in all this there are questions that are not asked at all, questions that even I am not asking because I decided to go into technology, engineering and law whilst giving a pass on the Economic subjects. Yet the Financial Media is not asking them either and that is an issue, especially in light of that ‘secretive‘ group set to a stage of networking inclusion, or is it networking through filtered exclusion?

I’ll let you decide on that.


Leave a comment

Filed under Finance, Media, Politics, Science