Tag Archives: Nigel Farage

March 18, 2014 · 06:14

Strongarm, Intimidate, Terrorise

As we see the news of sanctions hitting our eyes via the news on TV, the Newspapers and the internet, some will conclude that the third cold war is now officially starting. Yet, some might have the question within their minds ‘who has the moral high ground?’, or better yet, what brought these escalations about?

Now, I have missed the cold war, whether you stare through a sniper scope overlooking Lakhta air base in a video game, or those who needed to take another look at the Arkhangelsk naval base because they serviced the Typhoons (in 1983 a genuine bringer of nightmares to NATO). The Cold War was a war, but one with its own rules, regulations, needs and wants.

But is this the same as the first or the second cold war? The first cold war was in itself about a disagreements in Ideology, there was however another side to it all. This was basically a pissing contest between the Kremlin and the White House on who was trained better, tools were the best and who got away with the most. The 70’s as it was depicted by John Le Carre with ‘the Circus’ and the after the fact knowledge that several members at the top of MI-6 had a better knowledge of Russian then those living in Moscow. Even with that set back, I always felt that the NATO side was victorious! I missed most of it and did not get hit with events until 1982-1984.

This new cold war we are about to face is something different. This is a lot less about ideology and a lot more about the greed of a chosen few. Let us take a look at the Ukraine and the Crimea region. Most will not remember the original Crimean War, even though one of the most famous names in history had her origin there. It was Florence Nightingale; slightly less famous was Mary Seacole who also earned her a place in the history books. In those days the direct reason for the war that was there was all about religion, specifically on access of the holy places in what is now called Israel (an area that was in those days part of the Ottoman Empire). It is the one time that the Russian Navy got it hide tanned (not the best moment in Russian Naval History), even though it held out for a year, dealing with England, France and the Ottoman Empire was a cake that turned out to be slightly too large for them.

I think it is important to ‘trivialise’ that part. It should also be noted that Russia started this fight with the Ottoman Empire because Russia held that it had a right to protect the Orthodox Christians. These events are important, as those contained the darkest days for the Russian Navy.

Now when we go to today we have other issues to content with. Crimea has always been a cultural hot potato. It will take too long to explain the issues (and I am not an expert in that regard), there are several ties that were severed when Khrushchev placed it all within the border of the Ukraine; he never considered the idea that Ukraine would be anything but part of the ‘Russian brotherhood’.

It is the changes in the Ukraine that are at the centre of the Crimean escalation. As I see the Russian side, it seems to me that this would happen no matter what. The entire issue with the Black Sea navy has never been regarded positively by the Ukraine. The issues there have been going on for almost 7 years now, even though Ukraine has valid reasons for ‘demanding’ certain changes, it is a little far-fetched for Russia to accept the security of its Navy (the Black Sea Fleet) thought the Ukrainian security services. If America has any objections in that regard, then consider the issues several people had in the past with the ‘idiots’ patrolling and guarding at the US part of Soesterberg Air base, I had more than one issue with a few US guards, even though I was on the other side of the fence wearing a Dutch uniform.

So, we can agree that like the Americans, the Russians will not trust the guarding and protection of their defence forces by ‘outsiders’. This is one of the issues, which are at the very heart of this. The second one is one I discussed in an earlier blog named ‘Hot air for the Ukraine‘ on March 1^st. The EEC is too much about adding new members and not about maintaining and setting a stable financial and economic platform. That part has been proven by many, but the issue goes wider (at http://www.imf.org/external/pubs/ft/survey/so/2014/car030514a.htm). The IMF is still finalising the fact finding mission and the amount needed for the Ukraine substantial. Another issue in this regard can be found at Reuters where we see the following quote “If the West wants Ukraine to align with them rather than Russia they will have to offer a carrot and the carrot could be better terms on the debt” (at http://www.reuters.com/article/2014/03/17/us-ukraine-crisis-debt-idUSBREA2G0E020140317)

And why does the west want this, Economic prosperity? Ukraine has a massive amount of debt! The only consequence many will initially see is that Ukrainians will suddenly relocate by droves of thousands to get that better future in the west (which is fair enough). That pressure gets added to the issues already dragging many down in Western Europe which are still unstable at present, so adding nations with bad budgets whilst the rest remains in a bad shape is just bad politics and bad judgement. Another view from the IMF can be seen in the Reuters article (at http://www.reuters.com/article/2014/02/25/us-ukraine-crisis-imf-idUSBREA1O1DT20140225)

“The IMF has consistently said that Ukraine’s economic policies would create unsustainable large external and fiscal imbalances. It has called on Kiev to cut its large fiscal deficit, phase out energy subsidies, strengthen the banking sector, and allow the exchange rate to fall. A freely floating hryvnia currency and higher domestic gas prices are unpopular steps previously rejected by the Kiev”

So they want money, but are unwilling to do what needs to be done? How is this in any way a good deal in any shape or form? I will grant that energy prices will always be unpopular, but this is all about a change where the government does not want change to begin with.

Now we get to the good stuff, namely intimidate and terrorise. These are basically synonyms for strongarming, and now it is the west doing this. Sky News reported that more sanctions are in place (at http://news.sky.com/story/1227143/ukraine-sanctions-target-putin-aides)

So basically, individuals are now targeted for alleged involvement of government actions. Is this even legal? It is interesting that these events are calling for sanctions. Consider that in the US one in seven lives below the poverty line. Now also consider the events as we saw the hard working people at Wal-Mart getting hit financially, needing food stamps and needing government support, whilst the owners are multi billionaires. Unless the Honorable African American in charge in the White House (aka President Barack Obama) is a coward, I hereby officially demand and he should officially call for similar sanctions which are to be placed against the members of the Walton family! I understand that sanctions are a tactical choice, yet to ignore your home base, whilst going after a few individuals (whose guilt is still officially in question) is nothing less than a joke. The fact that the advisors are hit with sanctions, yet, the person in charge (President Putin) is not getting any sanctions makes the joke even more pathetic.

Another issue we should not ignore is that the bulk of the people in Crimea WANT to be part of Russia. Now, that would never be my personal choice and I believe it is the choice of many non-Crimean not to go that path, but the idea that their choice is not the choice of the USA and the EEC and therefor rejected is a laughing matter, where is THEIR freedom of choice? In opposition, I do have an issue with the legality of that part too. I do acknowledge that Crimea is part of the Ukraine, yet the Ukraine is ‘only’ 72 years old. The issues we now see in Belgium as that nations is likely to split into two parts, whilst that nations is a lot older then the Ukraine is not causing this level of concern (mainly because it hasn’t happened yet). In my view, it seems a lot more legal if Crimea became independent. Consider the immediate consequence of that act. If the referendum is regarded as illegal, what will happen and what will the reaction be as referendums are called over the next 3 years as parties decide to secede from the EEC/Euro, as these requests are called for by Nigel Farage (UKIP/UK), Geert Wilders (PVV/NL) and Marine Le Penn (FN/FR). Will we suddenly see calls for illegality by the USA and the IMF? Consider that, because these steps are likely to push the EEC and therefor the USA over the edge of bankruptcy.

As a ‘supporter’ of the cold wars, tactically the entire escalation works nicely for NATO. If Ukraine does enter the EEC, then it comes with a nice ‘free’ naval base in a perfectly placed tactical position, with direct striking capabilities on several Russian fronts (still surprised that Russia is so against it?).

My issue remains that the power players in this game are all motivated by greed. You do not give out 35 billion unless you get 70-135 billion in return. The Ukraine does not have such economic prospects in any near future. Consider in addition that once this happens, the cheap gas deal that the Ukraine currently has will then is also be null and void, which means that the people in the Ukraine will have to content with an energy price hike of at least 20%. Look at your own heating bills (especially in the UK). How does it feel to pay 20% more?

The last side to the Ukraine is one that will hit all Europeans (and Americans). Please do not take my word for that, the paper was written by Anna Yemelianova and is called ‘A Diagnosis of Corruption in Ukraine‘ (at http://www.againstcorruption.eu/wp-content/uploads/2012/09/WP-14-Diagnosis-of-Corruption-in-Ukraine-new.pdf). You see, the big business boffins currently whispering into the ears of government officials in the west tend to ignore issues that do not cause THEM any grief, but those who pay their taxes and small businesses alike will get to deal with this to some degree in one way or another. From the very beginning of that paper where we see “Ukraine is a country is with wide scale and systemic corruption which makes a crucial influence on the economic, political, social and other spheres of public life“, it will be clear that whatever you pump into their economy, a percentage will end up with a man like Semion Yudkovich Mogilevich, a man who should be regarded as one of the most powerful men (some state the most powerful man) in the history of the Russian Mafia. Consider the end of the report where it states “21% of respondents in Ukraine reported paying a bribe in the past 12 months according to Transparency International Global Corruption Barometer 2009“.

This gives a clear indication, I might even state, this is in my personal view clear evidence that the numbers reported towards the IMF in regards to the economic support is underestimated by at least 30%. I will be bold enough to take my view one step further. When the Russian powerbase walks away, the floodgates that minimised some of this form of damage will be gone completely. It is a side that so many ignore, yet, when people in the News in the UK and the Netherlands read about these ‘Romanian gangs’, take heed for what happens when the Ukraine is added to the mix. These events are easily ignored by the power players as they remain out of reach, but the rest of the people in those area’s (99.98443213% roughly) will become a target one way or another.

Am I against the Ukraine joining the EEC? No, as I stated, it is about the freedom of choice. I do however have several reservations on why certain elements want to Ukraine to become part of the EEC no matter the cost. They have certain intentions and the press seems to be taking extreme care not to go anywhere near that part of the equation.

So who is strongarming, who is intimidating and who is terrorising? Three answers that call for a name, an entity or an organisation. So who exactly are the players and why are we seeing way too little on certain sides in the press?

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Tagged as Anna Yemelianova, Arkhangelsk, Barack Obama, Black Sea Fleet, EEC, Florence Nightingale, Geert Wilders, IMF, John Le Carre, Lakhta air base, Marine Le Penn, Mary Seacole, MI-6, NATO, Nigel Farage, Ottoman Empire, President Barack Obama, President Putin, reuters, Semion Yudkovich Mogilevich, Sky News, Soesterberg Air base, Ukraine

March 1, 2014 · 18:05

Hot air for the Ukraine

That was the first thought I had when I saw the news from several angles, when we consider the responses from Chuck Hagel, John Kerry, Viktor Yanukovych and a few others. The Americans were (as expected) all about keeping an eye on what Russia does. My first question could be ‘then what?‘.

This would be a fair question as we have seen what happens when ‘the line gets crossed‘ as President Obama mentioned. Basically nothing happened in the end. There will be rattling of sabres and after that people create some diplomatic summit in a luxury place and in the end nothing really changes. If you doubt that, then ask the Syrians. In the end President Assad needed time and time he got and plenty of it. In that regard consider last week’s NY Times (at http://www.nytimes.com/2014/02/23/world/middleeast/un-orders-both-sides-in-syria-to-allow-humanitarian-aid.html), so after several weeks the peace talks ended in failure. Be honest, was there ever a decent chance of a good outcome? This was all about delaying for President Assad, and as such he seems to have won. So, what will happen to the Ukraine?

The Ukraine is not like that, I know, but in the end, does that matter? The US is too weak, it has no reserves left, in addition, there is a growing pile of evidence that big business, not the politicians or the legislative branch are in charge of what happens in America. Feel free to doubt me, but consider the largest employer Wal-Mart. Consider that the owners are multi billionaires and that their staff members need food stamps and financial support just to survive. Did you hear me? This is not about the unemployed, but the workers who still need that level of support and the taxpayer gets those bills, not the employer. This is in my mind a level of clear evidence that the politicians as well as the legislative branch of the US government have failed its citizens. So, they are going to mess with Russia, just as the military has announced massive cuts and downsize plans? Who is kidding who here?

Now on the honourable representative players in this game called John Kerry and Chuck Hagel. I am not attacking them. They are representing their government, but are they speaking their mind and heart? They likely are and they are not happy about any of the issues currently rising, but they are unlikely able to make a true impact at present. You cannot spend money from a budget that is no longer there. Basically, as this administration was idle for over three years to tackle big business, to tackle spending habits and to hunt down tax evaders, the economic trinity at large, the US is pretty much bankrupt, which means they cannot pay for the fuel to make the war engine go forward. It will run out of fuel before it can truly engage a theatre of upcoming war. It is not a good thing, but it is what it is, so at this time it pretty much sucks to be the US Secretary of Defence!

But this is not just about America, many might ‘like’ this US bashing, but that is not what this is. Consider the words of Peter Stano “Peter Stano, Spokesperson for European Neighbourhood Policy Commissioner Stefan Fule, stated the European Commission (EC)’s ‘door remains open’ for Ukraine. The EC’s policy is very open, transparent and predictable, he said. The EC’s offer is tabled, he continued further. The EC offers highly important EU neighbours the opportunity to come closer to the EU with political association and economic integration, he explained“

Consider the NY Times from January 2nd 2014 (at http://www.nytimes.com/2014/01/02/business/international/the-euro-adds-latvia-but-further-growth-is-uncertain.html) “Those include achieving a deficit of 3 percent of gross domestic product and keeping debt to 60 percent of the annual gross domestic product.” This is about its newest member Latvia. You can read two parts here; one is to lower the deficit to 3%, which might be a good achievement. Yet at http://www.kase.gov.lv/uploaded_files/2010/SSD/news_release_2014-A-0109_011.pdf we see the mention “R&I believes that real GDP will continue to grow around 4% on the back of a recovery in the European economy.“

Really, who is buttering who’s bread and where (more important, who owns the butter to begin with). This is a massive amount of iterated bad news management I am appalled that the PRESS is not more active in finding out the ‘real’ truth here. Consider a 2013 report from the EC (at http://ec.europa.eu/economy_finance/publications/european_economy/2013/pdf/ee3_en.pdf) and consider that the numbers on page 47 is up to 2011. So, the 2012 numbers are not even there for a 2013 report. This is all about marketing, all about as they state “Overall, a broad-based look at underlying factors suggests that sufficiently strong conditions are in place for Latvia to be able to maintain a robust and sustainable convergence path in the medium term“, which makes this 55 page paper a sales pitch.

How is this connected?

That is the question isn’t it! It is not about Latvia, or the Ukraine. This is about the EEC and their approach to ‘some kind of a future‘. This is all good, but these events are about setting economic prosperity for a few EEC bigwigs. As they add members, as deficits are still not met in several nations and debts keep on rising, the taxpayers will soon face a harsh reality and it is a bigger one than they bargained for. On my side, there is also a view. Am I comparing apples to pears?
Yes, to some extent I am. The issue is that the EEC is not a vendor of apples or pears, they are dealing in fruit and we all get thrown into the same trog. Russia seems adamant that the Ukraine does not enter the same trog. It prefers its own trog to the EEC one, which might looks nicer but has the same stale grub in the end.

So when we see the sabre rattling from both sides, make sure that you all realise that this is not about the Ukrainians, their choices their future. It is for the Ukrainians, but the other parties are engaging for one reason, their economies! It is about the economic futures of others. Will this all bring prosperity to the Ukraine and its people? Not until the EEC and America end up with a much better economy, which require these governments (all of them) to get their budgets in order. Until then they are showing themselves as some sort of hedge fund dealers. You might remember how that ended up in 2004 and 2008. Now, it is no longer about de-valuated pieces of paper, now it will all be about people and whoever will be the ‘last’ nation left standing. We need to get out of that rat race and real quickly too!

That part becomes more and more visible when we see the latest from Sky News “Russia is ready to help Ukraine as it seeks to stave off economic collapse, US Secretary of State John Kerry says after talking with his Russian counterpart” (at http://www.skynews.com.au/world/article.aspx?id=954470). In addition “Ukraine owes $US13 billion in state debt payments this year – a massive sum in a country where state reserves have shrunk to less than $US18 billion” gives some level of evidence to my views. Another government had been spending money they never had to begin with. When smaller economies fall over, how long until the larger ones take a tumble (especially as they add on new in deficit grown members), because if these issues do not change that will be the clear terminal result, no matter what sales pitch a hedge fund call centre operator calls you with.

In that regard there is an interesting paper at http://www.project-bridge.eu/datoteke/Actions2012/BRIDGE-ANALYSIS%20OF%20THE%20EU-UKRAINE%20RELATIONS.pdf. Denys Kuzmin and Iryna Maksymenko wrote an interesting piece in 2012. Not sure how much I can agree with (as I was never an economic), but it reads like this is all about a possible future for the Ukraine, not about keeping the EEC alive. That side is getting less and less likely, as we see the growing influence from Nigel Farage, Marie Le-Penn, Bernd Lucke and Geert Wilders in their respective governments. Whatever will happen after that will have long term consequences for all the EEC players, even though many ignore these dangers, the dangers will not go away any day soon because that is the consequence of a weak economy, the people choose and currently they are very afraid for their personal futures. So is Ukraine better off with Russia or with the EEC? I actually have no idea, but consider that Russian Commerce is currently buying up commerce all over Europe like for example the Dutch Jeweller ‘Siebel’. The chips are not just changing hands, they are now moving out of local owner’s hands into the hands of foreign corporations. I am not talking about the big boys, they have been in some international hands for a long time, we are now talking about smaller shops where all the moms and pops go. Consider that these places are no longer held by some oil sheik (like large portions of London), or certain American multi-national groups. Now Russian companies are moving in (through legal methods) and taking control. Who would have guessed this event 10 years ago? Perhaps it is time to ignore these high boasting Wall Street analysts, it is time for actual data, not have baked forecasts to take control of budget goals and government expenditures.

For those wondering about the hot air reference in the title, this is a reference to the windy city of Chicago. The windy city was not about the fresh Canadian air, but about their politicians (filled with hot air). The escalating issue as they are shown in the Ukraine is now in my view all about politicians and spokespeople. For the last 8 years politicians sat on their hands and spokespeople did whatever they could to divert the eyes of politicians, politicians for governments, spokespeople for economic interested parties. If you doubt my words then look at Darfur, Bagdad, Nigeria and Syria, all colossal failures. The politicians failed, grabbing for some ‘sanction solution’ that has never actually worked. Now their credibility of strength is gone. Big Business has been pushing for the lowest and cheapest option for so long; it has made the rich richer, the poor with less, whilst the rich avoid taxation by the billions and after half a decade they are still not dealt with, whilst many taxation coffers are less than empty. Consider the words of Mariana Chilton, an associate professor at Drexel University’s School of Public Health: “If they wanted to address poverty and hunger in this country, then they would pay a living wage, and they would make sure that their workers had good benefits and good family leave for when families have children, etcetera” (at http://www.theguardian.com/sustainable-business/business-solution-war-on-poverty-lyndon-johnson)

These two groups talk to all but they do not really communicate. In the end, when it all falls over they only have themselves to blame and end up blaming everyone except themselves, whilst at the same time they will leave the taxpayer with the cost of it all.

In the end, Russia can do to Ukraine (read Crimea region) whatever it likes, because the west currently has no real actionable options left.

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Tagged as Bagdad, Bernd Lucke, big business, Chuck Hagel, Darfur, Drexel University, EEC, European Neighbourhood Policy Commissioner Stefan Fule, Geert Wilders, John Kerry, Latvia, Marie Le-Penn, Nigel Farage, Nigeria, NY Times, Peter Stano, politicians, President Assad, President Obama, Russia, Siebel, State John Kerry, Stefan Fule, Syria, Ukraine, Viktor Yanukovych

October 17, 2013 · 16:16

A new third World continent

At the final moments we see the news that in the 11th hour an agreement had been reached. Should we be happy? For now many will be happy, for now the Financial industry is relaxing and happy that their rent is safe, but the stress will return soon as the next ceiling will be reached in another 18 weeks.

So what is wrong with the USA today?

It sounds all fun and games to blame either the Democrats or the Republicans, yet overall, both have some level of guilt. Yes, at present the Democrats are wearing the hoodie of blame and shame, but the Republicans are not without issues either.

Consider that the government has maxed out the USA credit card. They have until now REFUSED in any way to take responsibility for the utter irresponsible spending. No, taxing more will not solve anything. That story is old, stale and redundant. If America would like to be taken seriously ever again it would have to cut no less than $350 billion in 2014. So, NOT more taxation, but LESSEN spending. That means if all was equal that every American will get $1000 less in support, which means that it would not impact the top 3% of the nation, but the others will have to pay. This is not me supporting the rich, this is me placing ALL politicians in a limelight where every spend dollar will be shown in the spotlight.

The Democrat story will be that they have a solution, and if these people pay just a few dollars more than….. It is nothing less than utter Bullshit! (Pardon my French!) With a debt of 17,000 billion dollar, a budget drop of 350 billion would mean that the interest of the outstanding debt could not be paid for.

On the other side, the Republican side will have to stop this ludicrous boast of less taxation. That is not, cannot and will not be a solution (for at least a decade). The debt must go!

But there might be a solution with the UN. When America has been diminished to a third world nation, then perhaps the UNDP will offer support to the USA. I know, the irony of it all, go figure!

I have remained in favour of the US remaining strong from day 1; however, the Democrats refused to step up to the plate to do what needed to be done. The Republicans had stepped up to the plate, but in hindsight, the result was almost nil and they have not endeared themselves to anyone.

The voiced speeches by the Democrats as they are shown on TV stations all over the world today seem to be in bad taste too. I will make an exception for Democrat Harry Reid from Nevada. He had been in the middle in of what might be called a ‘small hell’. If the Navy Seals are used to be between a rock and a hard place, then this man outclassed them to several degrees these last two weeks, as a Republican minded person I will admit to that. I will go further to say that should Harry Reid go for the oval office, then he stands a chance to convert a decent group of Republicans too. Values like respect and moral coming from Nevada? What a tangled web we see!

For many non-Americans it is not about the pure Democrat versus Republican fight, it has always been about the massive debt and the risk they push upon many other nations. It is even a case that the voice of many non-Americans should be heard. When a nation like America has so many corporations that operate their business outside of the USA and as such put hundreds of thousands of workers on the spot as their futures are linked to the status of the USA, then they must realise that accountability remains an international factor.

On Sky News there is a hilarious movie, shot in old fashioned silent movie style explaining the debt ceiling. It is fun to watch and it tells the story nicely (at http://news.sky.com/story/1155554/shutdown-senators-pass-bill-to-avert-default), I do however disagree with one part of it. At 1:53 Ed Conway states one part I do not agree with. “If America was to default, it is not because it cannot pay its bills. It is because their political system would not allow it“.

That is the part that has been my major issue!

It is what I disagree with. If we consider the T-Bill rate of 2.66 (as it was this morning), to get the 16,700 billion in debt, to pay it back, if it was all in T-bills, then the US had to pay an additional 444 billion dollars in ‘fees’. This seems very very little. However, this was not done in one day; it was over many many years. The problem is that as risk grows, the people will be offered a higher return, because if the debt cannot be paid, those bills will become null and void overnight. In the end, that money must be paid and overall, even though for now it is paid, the outstanding debt as it grows and grows, will mean that the chance of EVER paying it all back will become less and less. Consider that the following amounts are due: 2022: $1276B, 2021: $1228B, 2020: $1652B, 2019: $1885B, 2018: $1017B. So from 2018 onwards, the returns will have to be paid to those T-Bill owners. The amount will be in access of 1 Trillion dollars a year. Can anyone explain to me how that payment can be met 5 years in a row whilst the on average the collected annual taxation in 2013 will be an estimated $1.9 Trillion dollars? This means that from 2018 onwards 53% of all collected taxation will go to people owning T-bills. How unrealistic a goal is this?

This is part of the reality politicians ignore (as they will not be in office when it happens) and the people who gets settled with the bills will not have anything left.

Consider in addition that the Tax evasion bill has not been pushed into effect (which means the rich will continue to have additional tax shelters this year) and the Dodd-Frank Act is STILL not active, giving the financial sector too many non-accountable freedoms (which will make sense late on). If you want to know more about the Dodd-Frank Act, take a look at the next link, it has an interesting cheat sheet on the latter one. (at http://www.mofo.com/files/uploads/images/summarydoddfrankact.pdf). Morrison & Foerster is a global law firm. It might have been for internal use, so send them a thank you note if you download it. It is the easiest read in regards to this topic I have ever seen. They also have Patent and Trademark litigation, so I should send them my resume when I get my MIP after my next semester. Cool!

If you wonder about that reasoning after my strong voiced disgruntlement, then remember that the US is a great country. In my mind it was sold down the drain by politicians and exploiters. If we muzzle the first and neuter the second, the US could be a great nation quite quickly again, which would be good for Europe too. A win-win solution I say!

So why aren’t more people nervous about the entire deficit and debt ceiling? That is the part that does not make sense to me. Rolling over debts is a dangerous habit. The definition is clear enough, the dangers on adverse percentages is even more risky as politicians played 11^th hour resolution makers. The second part is one that many more are ignoring. This is all based upon 100% of the due payments rolling over. What happens when another nation has a slightly stronger return? What happens when only 80% is sold? Is that such a hard concept? So at that point, where will the required $200B-$275B come from, additional raise of the debt ceiling? I have no actual facts to work from, so I do not know what the level of risk is, but consider that between 2018-2022 no less than $1T in investments are needed, and that the larger wallet friends (like the UK, FR, DE, IT and AUS) many of them at the maximum tapped out amount. How long until THEY (read governments) start the ‘swap’ game? Is that not how we lost most of what we had because we could not control the banks, now we let them advice on the same game, but now with full government budgets? So, we will not be looking at just a few trillion, when that game goes bust (and such a game always goes bust), the population will be stuck with a bill between $70T and $90T. How will we survive that?

Let us not forget that all those actions are taken in closed rooms with only a few insiders fully in the loop. If the next election causes reasoning for full disclosure on such events and only a referendum will allow for this, then the game will not just change fast, it will leave the USA on the outside looking in. A fact is that this risk grows almost exponentially each year the deficit is not dealt with. If Germany has been under pressure for the EU issues from Bernd Lucke and the UK from Nigel Farage from UKIP then we should expect additional players who will be fueling these fears. The upcoming price fight might not yet be the main event, but the debt ceiling issue that comes after the one on February 9^th will be a main event and it will likely involve more players then just the US, several of them are unlikely to be one of the 18 Bernanke disciples.

So here we are, and only hours after Jill Treanor wrote her article ‘Financial Conduct Authority launches currency markets investigation‘ on the Guardian at http://www.theguardian.com/business/2013/oct/16/financial-conduct-authority-currency-markets-investigation-benchmarks.

This is a must to read!

Guardian’s Youthful Young City Editor, all complete with her own copy of SAS Miner plugged into her brain started today with “Suspicions that the vast global currency markets may have been rigged by major banks and traders has sparked the City regulator to launch a formal investigation into the £3tn a day market.”

This goes way further than just the LIBOR scandal. Earlier this year I had some doubts on all of this. My doubts were not on the interest part; my thoughts were that the main amount involved, which the percentages were based upon had also been tampered with in some way as well. I still expect my $1T bonus when that gets to be proven!

So what if the benchmark is not JUST the foundation, but part of more. You see, if we consider that governments have been involved in T-Bill Swaps, then the tradeable amount involved is not correct. More precisely, if the volume of T-Bill swaps is to the amount deficits go, then in which direction are the percentages rigged? It might accidentally involve the ‘accidental’ mentioned group of larger wallet friends. Now consider that Germany at present is the only one with an economy more on the stable and positive side then all the other players. So, would there be additional benefits for them in the long run? I actually do not know this (self-confessed lack of economic education), but the fact is that these issues go far beyond the banks themselves. Perhaps that is why the Dodd-Frank Act was never activated? It is just a thought.

So my advice for today, instead of long term investing your $5, this morning, have a pastry with your coffee, because at times there is nothing better than short term gratification and pastries will usually do the trick.

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Tagged as America, Bernd Lucke, D-NV, debt ceiling, Democrat Harry Reid, Democrats, Dodd-Frank Act, Ed Conway, Guardian, Harry Reid, Jill Treanor, Morrison & Foerster, Nigel Farage, Republicans, SAS Miner, Sky News, T-Bills, UKIP, UNDP, USA

September 23, 2013 · 13:31

What lies beneath!

Today is the day we get to take a look at those who get and those who did not receive an Emmy. This is a remarkable year for it. Not because of the winners and non-winners, but from my personal view on the quality of TV shows. There was little way for me to predict the winners in this year. This is not a year where there is a clear winner. They were so many amazing shows and some of them blew away their own fans. So whether we cheer for 30 Rock, Louis, Nurse Jackie or Glee, or even all of them. 2013 shows that the audience won in a very big way. If the bad economy brings out creativity then no one can afford to miss the 2014 Emmy’s as true creativity is just around the corner.

Talking about the economy, is there any news? Well, today, not unlike the Emmy’s the UK is facing issues like vetting the spending by labour, Ed Milliband does not tolerate backstabbing and George Osborne is facing Scepticism over the multi-billion pound sale of Lloyds Banking Group.

So as we are in the sphere of the Emmy, considering that soon there will be the Tony for theatre and the BAFTA and Academy awards for the cinema, here is the Churchill Award. This golden statue shows us Churchill in a thick winter coat and a cigar. Like the image we had of this great man during WW2. We should not confuse the statue with a Hitchcock or any other drama figure. Here we ‘award’ the politician.

So in good standing, the Churchill award for political events goes to (wait for it)……

Nigel Farage of UKIP!

Surprised? Angry?

Let me elaborate. I am not on his side. I remain for now a conservative. Yet, when we watch the news in triviality, where not unlike the issues in Australia Labour seems to be in power struggle after power struggle we wonder why we should support a party where the bickering of being in control takes so much energy and time of a party. Now I am all in favour of a Milliband labour with the bedroom tax gone. Yet, how will certain measures be made with a trillion plus in deficits? Similar warning in regards to the squabbling was reported by BBC’s Justin Parkinson as he recouped the words by Dave Prentis.

The second player, ‘my’ preferred side David Cameron was accused of bringing back more of the ‘nasty’. That is not a bad thing (still highly uncomfortable). I agree that costs have to be cut, yet for now he has not gotten a hold on their spending. In addition his peer in parliament George Gideon Oliver Osborne, Chancellor of the Exchequer did not help much. Yes, on his watch the economy is slightly better. However, if we give weight to the Guardian (http://www.theguardian.com/business/2013/sep/22/first-signs-recovery-despite-austerity-george-osborne) it was not his victory. William Keegan has his ducks more than just in a row and as such this article has weight. Still, the UK could have done a lot worse. Heavily against the conservatives is the Welfare Reform Act 2012 (aka bedroom tax). I always thought of this as a bad move. Especially, in a time and age, where the UK housing shortage is massive and no one can afford to move or change apartment. Nailing these people to their empty bedroom (or cupboard with bed) is just not the way cricket should be played.

So we see the winner Nigel Farage. I consider this man to be dangerous. His ideas are out there and the consequences of moving away from Europe will hurt the UK economy in ways we still cannot foresee. Still the idea of a flat tax approach has merit. When we consider the Stemcor’s of the world (or in this case, just the UK) the umbrella options and other small little twinkles that give the wealth more deductibility’s then the average welfare person many wonder. The fact that he gets stigmatised on matters seem to work positive for him as well.

Still, the plays he plans should he ever get to number 10 will hurt the UK in ways many of his voter will not realise until it is too late. He speaks to those losing much, to those in economic hardship, ever willing to blame anyone else, even if no one (bankers excluded) is to blame.

The man has the charisma and he has the drive, people react to that and in the end, all sheep plenty and few will follow the herder that gives them the best music (even if he is sitting next to a blowing volcano). If the others do not change their ways then my initial prediction from my previous blog (at https://lawlordtobe.com/2013/05/04/ukip-or-u-k-i-p-ur-kiddin-i-presume) will come to be true. Labour and Conservatives on the same opposition side of the isle. That would be one hell of a show to get tickets to.

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Tagged as BBC, Bedroom Tax, Chancellor of the Exchequer, Churchill, Conservatives, Dave Prentis, David Cameron, Ed Milliband, Emmy Awards, George Osborne, Justin Parkinson, Labour, Lloyds Banking Group, Nigel Farage, Number 10, Stemcor, UKIP, Welfare Reform Act 2012, William Keegan

July 5, 2013 · 13:18

The Euro coup is coming!

Good morning, so I got your attention? Excellent!

The first question, is what kind of coup of course? What is forming at present is an international alliance of parties. The parties at current seem to be the British UKIP under leadership of Nigel Farage. From France it is Marine Le Pen from Front National, Geert Wilder from the Dutch PVV and there is every indication that Bernd Lucke from Alternative für Deutschland (AfD, meaning Alternative for Germany).

Initially this situation was a non-option, yet the change with Front National where Marine Le Pen is a lot less extreme then her father Jean-Marie Le Pen makes this now a negotiating political force where the extreme is negated for a slight diversion towards the middle ground. There is also a change in messages. Where the French FN was initial strongly anti-Semitic, their new message is all about pro-France. It seems that the daughter Marine learned that lesson of gaining through honey instead of vinegar (you know the expression). Does this make them less anti-Semitic? That is indeed one of the questions. This alliance is all about parties getting stronger in forming and speaking their local language and population. As UKIP has a strong desire of a referendum to move the UK out of the Euro zone, the German AfD is all about moving Germany out of the Euro-coin. There are similarities, yet they are not in some given unison.

That makes this alliance somewhat unique. This is all about a team promoting their personal needs, not a common need. It is a slightly rare occasion. Yet, we could see a disjointed form of agreement. They all seem to promote their forms of economic protectionism. That part is interesting, as that could be a multinational move to get these banking issues under control. It is one option for the banks to give some Euro BS story to stay non-accountable, yet it is another problem when political parties start making these venues an open target where the bank is a free for all. I reckon that financial institutions did not reckon on these complications. If we accept that FN, UKIP and AfD are all three strong in that regard, then whatever happens in the bad bank moves would have to happen before those election become fact, because the changes might make the bad bank a non-event and leaving the debts where they should be, with the banks who caused this and not with the tax payers (and that would make you and me very happy).

I left PVV out of this because they are a slightly stronger wildcard in this equation. Like UKIP they are strong voiced about moving out of the EU. That approach is not unrealistic, yet the Dutch economy is strongly dependant on the German economy as whatever is created in Germany gets shipped via Rotterdam. The German Steel regions have a powerful grip on things, and that works as they have an efficient economy track via the Netherlands. UKIP has its reservations in regards to the Dutch PVV, because of the strong anti-Islamic views the PVV holds. Nigel Farage has mentioned that he could not accept the view on forbidding the Quran. One can agree on many levels, especially as this is a form of censorship and discrimination that is not legal in both the UK and the Netherlands (the law can be so easy at times). The AfD is another matter; they are mainly Euro-critical. The danger is not unlike UKIP. They were ignored and now they are about to become the ruling party. A fact that remains unknown until September 2013. What is interesting, that at present the party is not even listed as a possible contender against the party of Merkel or her opponents. This is wrong on a few levels. The fact that all these economic heavyweights are striking out against the AfD on how dangerous this move is, is one thing. the fact that these ‘experts’ like Marcel Fratzscher who was formerly the head of International Policy Analysis at the European Central Bank or Jörg Rocholl who as a professor holds the Ernst & Young Chair in Governance and Compliance are currently speaking out against their academic peer Bernd Lucke is quite another. Yes, sounds like the banks stay right away from this one. They all seem to forget that the people vote, and these people see their money go to all these places of ‘feigned incompetence’. I am all for helping my neighbour, yet I see less issues with saving him as he starts a BBQ in his living room to stay away from the rain and then panics as his house is on fire because the children kept on knocking things over in the living room. Such a parent should go to prison, plain and simple. So when I state that the AfD could become a massive player, I am not kidding. That means that Germany could face its own referendum in 2014 to move out of the Euro. Because these governments, as I mentioned in previous blogs have been so busy with ‘managing’ bad news, they forgot all about the people receiving these adjusted levels of bad news.

Next there is the French FN (Front National). Under Jean-Marie the FN was largely ignored, they were too extreme, so not many votes would consider this party under past leadership as a serious political player. His daughter is much less extreme and Marine Le Pen seems to be more about bringing the pro-France message then any anti-whatever message. This makes her the new player to note. As she advocates a “grouped departure” from both the Euro and the Euro zone, in addition to her less extreme views make her an interesting bedfellow for Farage and Lucke. It can be debated that FN could have had a much larger slice of French politics if Marine had been in charge earlier, yet, only now, as the economy will have longer shortfalls and more issues would any future election give her additional votes.

Considering UKIP and their likely new shaped alliance! How should we see them? Are they the disruptive element in the European order, or are they the patriots fighting to keep their nations safe? If we see the Banks as the current breakers of national economies then they are doing the opposite of what needs to be achieved in the views of the banks. In all fairness of it all is that the EU is more and more a failure. Those propagating its success have not been able to correct the budget shortfalls of hundreds of billions a year. New nations are offered a place, a handshake and a new credit rating (see Latvia), then even whilst its population has a vast majority against, the Euro gets pushed in. Now even more nations are added, and several of them in not such a good economic stable position, and they all get the new Euro Platinum Credit card. In that light their views are adopted by their own voter community faster and faster, meaning that this new ‘alliance’ will ensure massive changes.

Whether these parties will bring a better future for the nations they fight for? I do not know, what I do know is that dumping billion after billion into something to get the economy ‘started’ has not worked for years, and other ideas are needed. Perhaps I could be voted in as the new Executive officer for the Royal Bank of Scotland? I cannot prove I would do any better, but I can guarantee that I would not be any worse. In that light, that 20 billion they just found? How does a bank just find 20 billion? What else did their systems not notice? http://www.guardian.co.uk/business/2013/jul/03/royal-bank-of-scotland-business-lending-review If you wonder how these two are related (politics/RBS) then consider that these parties are growing as the European economy stays in this bad shape. The stronger the UK economy gets, the stronger interest of all nations to relocate legally or in other ways to the UK, so as the UK now suddenly has 20 billion extra, that interest will just spike. I am still wondering how 20 billion remained unnoticed. If several nations have been playing a game of ‘bad news management’, then what will be the effect of such good news? If you do wonder what 20 billion is, then consider that this ‘found’ money covers twice the amount all tertiary education needs and didn’t they have to up the prices there?

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Tagged as AfD, Bernd Lucke, economic protectionism, euro zone, FN, Front National, Geert Wilders, Guardian, Jörg Rocholl, jean marie le pen, Marcel Fratzscher, Marine Le Pen, Merkel, Nigel Farage, PVV, Quran, RBS, UKIP

June 12, 2013 · 16:05

Has the case of UKIP been made stronger?

It seems that the EU is starting to hand out slightly less restricting measures. Commissioner Olli Rehn is removing for a short time the 3% deficit limit. This is a slippery slope to say the least. Yes, it is correct that the economy is a fact that needs to be fought. Yet all (including the UK) are spending money that they do not have. UKIP is riding on the waves of these fears, where we the taxpayers will end up footing that bill no matter what. And in the European picture the ‘we’ is simply any citizen paying tax. Governments writing checks, for which they have no money. However the difference of that small point that they can no longer cut is still amounting to billions. In the UK with a vastly over the 1 trillion pound deficit such sliding numbers will really add up. Like me, Nigel Farage saw this coming from a mile away and now he is ready to play his move to start walking towards a landslide victory.

If these driving reasons are not dealt with then both Labour and Conservatives who are currently nowhere near changing the economy are heading to a legendary defeat. There is however a comical side to this. (One should always find reason to smile) It would be the first time in history that the opposition could get crowded by both Labour and Conservatives, with day one likely becoming quite the show. How would that fall in the House of Lords? In that case Black Rod (the Usher) will have a field day! A role currently assigned to Mr David Leakey, former Lieutenant General in command of European Union Military Staff. He was awarded ‘Companion of the order of St. Michael and St. George’. Take it from me that when the members of Club Carlton and the Reform Club are on the same side of the isle, the Usher might need a little back-up to break up slight differences of opinion and he better bring a bigger Dragon then the one St. George slew to aid him.

Yet, the shortage is the issue. How to stem the tides? It is clear that spending more and more is not making it happen. I personally think that it is time to join hands together (not singing Kumbaja). As Commonwealth nations we have a duty to stand together. We have always seen the US as a brother, yet when it comes to accountability, their actions have a massive bearing on our situations, yet they just shun accountability, they have remained absent in stemming the tide of the economical Tsunami, they themselves are creating. My suggestion is that we the United Kingdom, Canada, Australia and New Zealand start uniting economic solutions together. Being parked in London, Sydney or Melbourne is no longer an option. All three have to deal with shortages on one hand and unemployment rates on the other. What if we seriously start to change that? What if we push for a preferred partner in solutions? I myself experienced last week the answer from Canada, that they (one consultancy firm), when it comes to foreign workers limit themselves to US citizens. Perhaps our English is not good enough? There might have been a very valid reason in this, yet I cannot stop to wonder whether we are ignoring possible options to make the Commonwealth economically great again.

We are under such pressures to adhere to ‘corporate’ standards, and the bulk of all those companies are American. This is not about pointing fingers, but to restart an economy. If we look at the gaming industry nowadays, then that war, which was a former war of innovation, which is now diminished to a war between Microsoft who is about to hurt low income gamers and Sony, who is true to the gamers. The interesting side is that they for the most come with the same titles. There is still Nintendo, yet they seem to be lagging way behind. This is a multi-billion dollar industry and the shares are almost 40-40-20 with Nintendo in the 20% group. What is stopping us to take the Google OUYA Android Gaming Console into that market and start growing a market that is now, but has massive potential. Let’s face it, getting 10% of that market is still serious money and the economic downturn to people will remain at least another 3-4 years. So with a play to a cheaper solution is one they would love. It also forces the other three to become innovative and competitive again. Smaller playable games at less than £ 5 makes it possible for starting developers to make many millions. Consider that families can afford 4-5 games instead of 1 Microsoft game with a £5 surcharge. It does not end there.

Europe is outsourcing customer care centres, technical care centres and we cannot find a way to get 100,000 a job? We need to rethink corporate thinking that is smaller based, makes money and pays taxation. That makes those places 3 times a winner for all parties involved. It does not matter who gets to be in office, in the end we need to fight to make sure that this office survives!

And as we go back to that multi-billion dollar gaming industry, when these people get a pre-owned game surcharge where will that be taxed? It is time to put a stand and make these chargeable items taxed in the gamer’s nation, not in a virtual server location where no taxation is due. When these companies move into the nations of the world, demand rights, protection and support, yet walk away from taxation that is due as they receive all those rights, then we should look at the abundance of non-accountability and make it an accounting matter.

We need to start moving. It is nice and essential to fight over the GCSE A-levels, but without an economy they have no future, and we must fight for both!

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Tagged as Australia, Black rod, Canada, Conservatives Labour party, David Leakey, dragon, gaming, google, Google OUYA, House of lords, landslide victory, lieutenant general, Microsoft, New Zealand, Nigel Farage, Nintendo, Olli Rehn, order of St. George, PlayStation 4, Sony, UK, UKIP, United Kingdom, Xbox One

June 8, 2013 · 14:01

Privacy and (fake) fears

It has been all over the news. The US government has access to your email and your details. It was quite the show to read this all yesterday and the issues this morning was set in a nothing less than A-level theatre play. A play that would make Robert Ludlum envious I might add.

The issue is that the US Government (NSA in this case) is reading your e-mails. They have been doing that for some time. Basically, it was the Patriot act that opened the (back) doors for them to get access to all this information. As they were dealing with data on a lower level in those days, their task was simple. Find Terrorists! Find those who attack America and deal with them. So readers, here is your fake fear! This is one moment where I agree with President Obama 100%. You cannot have 100% security and 100% privacy. Anyone claiming different is lying to you.

The NSA is not interested in you soliciting erotic acts from a recipient on the other side of the e-mail track. They are not interested in the deals you make offering a quick buck! So those in fear (roughly 99.8932353%) you have nothing to fear but fear itself. The part you are not afraid of is the part that SHOULD scare you. You see all that data that you ‘surrender’ to Facebook, Google, MySpace, and Friendster and so on. All THAT data you gave can be crunched, marketed and sold to companies, corporations and all who would buy them. THAT is an interesting part. That is the fear people need to have when they looked at the dangers that Dutch Equens represent (as reported in the earlier blog: ‘You might soon be sold by the banks!‘).

It is not just that part, it is the possibility that data miners offer as they combine data files in one coherent file that could be a personal ‘danger’ to you.

The NSA issues are not that. They need these abilities to fight the existing and growing threat called ‘the lone wolf terrorist’. These people are guided by sources like ‘Inspire’ magazine, which is created by AQAP (al-Qaeda in the Arabian Peninsula). It is however not that simple. The real lone wolves get their ‘guidance’ remotely from sources most do not know and all that under the eyes of the Intelligence Community. To have a grip on stopping these people, monitoring the internet is essential to keeping us the common people safe. If you think that reading mails was enough, then you are wrong. The further going plans by some to monitor the internet is going to be an essential part. Do not think that this is a fun exercise for those involved. It is pricey, it drains resources and it is never ending. As people move to the cloud the need to monitor upcoming dangers will only increase.

Most readers will have heard of the soldier killed in Woolwich UK. Home Secretary Theresa May was quoted when the mention came that this attack was not from a ‘Lone Wolf’ terrorist. I am not opposing this thought. Yet, it cannot be denied that magazines like Inspire might be central to these events. As such it is no wonder that GCHQ wants to peek over the shoulders of the NSA to see if dangers are hitting their small island (I meant the UK, for those who wonder).

There were additional issues that are growing on several grounds, which give weight to the need of monitoring and in all of these cases people like you and me are not an issue.

For most of you feeling fear of this, your fear is unwarranted. Your fear should be how Microsoft and Sony are very interested on squeezing your details out of you as they are preparing and implementing their Next Gen consoles. That will affect you a lot sooner than the security services ever will. (Blog: ‘Government ministers, be warned!‘)

It looks almost sanctimonious that people are so shouting at these government actions and after that spread their visions with pictures and reveal all they can (and sometimes with way too much info) using Shutterfly/Instagram and Facebook. When their identities are stolen they will whine that it is ALL the fault of the government on how their identity was not safe.

Seems almost laughable doesn’t it.

When we sit on the fence we do see that there is a responsibility to hold parties to account for what they do. In case of the NSA this is Judge Roger Vinson. So, yes, someone does take a look at what is done. When did you last hear a loud scream on what Facebook is doing with your details? How about never? Only when Facebook had certain plans involving Instagram did the inner demon of personal greed scream out stating that the pictures were not to be open for business. Again we see a show of double standards. Judge Roger Vinson, born in the state where the delicious Forest Reserve Bourbon is from (Kentucky). He is the Federal Judge for the state famous for Pina Colada and cool Mojito’s (Florida). He approved the data request that the NSA made. So, yes there is oversight on this. It is however not needed for foreign requests. Is that bad? We give it freely to Facebook, so why are they stopped from sharing that with the government. Are you having that drink yet?

The NSA, GCHQ, DSD, CSE and a few others need these data streams. They would like to prevent people who are eager to get other people blown up. For you and me to stand on ‘principle’ on one side and then we give away our identity to be marketed and spammed to commercial content is just way too weird.

The world is now visibly changing. It is in my mind a little frightful as we are soon to become part of something different. As the finance markets were not contained, and soon no longer can be contained ever, we see a move away from nations and nationalities. We are about to be reduced to a metadata tag. With an added weighting that is soon to be set to ‘useful’ or ‘waste’. This was not instigated by governments and not even by the intelligence community. It was instigated by corporations behind Social media; and as we openly surrendered our details we are now placed in boxes where we can be approached. When we have moved through all the boxes and we are no longer an asset in any box we will be given the ‘waste’ tag. Then what?

These are my words, but funnily enough I was not the first one to mention this. In the Netherlands there was a New-Age entrepreneur called Luc Sala. Even from the late 80’s he evangelized the dangers of the groups “have” and “have not” and how we were allowing ourselves to be placed in these boxes. I wonder if he ever realised that not only was he correct, but that it could even fade national borders? Consider what you heard over the last months, what we will see in the next 13 months. Prime Minister David Cameron was strong about keeping the UK identity safe, to protect it. He was not willing to step out of the EU for this. That step is now being sought after by UKIP and their leader Nigel Farage.

How are these related? This is a valid question that is forming in your mind. And I have been fighting with these thoughts and especially evidence around this. Without evidence all this is nothing more than a bad level of Conspiracy Theory. You see, all these messages we read in the last few days and the next week are in my mind a smokescreen to some level. We are all so shouting about privacy. Yet, who was up in arms when MySpace started to sell their data in 2010. (Source: http://www.pcworld.com/article/191716/myspace_selling_user_data.html).

Did you stop to think about your data on Facebook? Did you think ‘whatever’? So what other ‘evidence’ is there? In that case I point to several blogs I wrote, but more important you should look at more reputable sources like the Guardian and the Wall Street Times, where we faced stories in regards to the pay outs by all towards Greece, Cyprus and other nations to keep the economy ‘alive’. Whilst now we read how the IMF made errors. How a train line sucks up over 7 billion and is presently still not operational in the way it should be. This is a time and place where other nations are now giving aid as budgets are not met in various degrees by nearly all EU nations. So is it such a far stretch to see National borders fade as these issues are ‘resolved’ (read: ‘put on hold’) by group driven options. All this happens whilst we hear ‘voices’ that seem less and less aware of consequences or claim ignorance and error afterwards.

For this train of thought we need to see three parts

In the first part there is last year when this was quoted “The slight uptick is largely due to Europe, which is expected to return to very slow growth of 0.3 percent after the -0.2 percent contraction in 2012” (Source: http://www.conference-board.org/data/globaloutlook.cfm). Yet the guardian in two articles where the 2012 version stated in: http://www.guardian.co.uk/world/2012/nov/07/eurozone-growth-next-year-ec the following “with the 17-nation Eurozone eking out expansion of just 0.1% in 2013”. However 6 months later we read in: http://www.guardian.co.uk/business/2013/jun/06/ecb-eurozone-recession-deepen, where it states “European Central Bank says the Eurozone economy will shrink by 0.6% in 2013 as it considers unconventional policies to kick-start growth”. Numbers change and get adjusted, but the game can only be one of profit by those who have the right numbers (read the better data source). This game is played and replayed, again and again. This has bearing on all the privacy issue in the form of the collected data these predictors require. If the power of voicing the future is based upon data then your privacy is a thorn in the eyes of commerce as they do react to data, but whose data and created how? So as companies are making less, as economic values go down, other paths to revenue must be found and this does have bearing on your privacy, as you are data. This means you are commercial currency, not government currency as such.

This is the other side of data. Many corporations decided to ‘store’ their backup data in some High-Tech solution off-site facility, not unlike the hosting solution Peer1. Peer1 is a Canadian corporation with hosting locations in for example San Antonio (when they acquired ServerBeach). That is corporate data and as such there is an issue in this place. There had been soft voices of concern in those early days on who gets to access these data servers. American linked companies implementing off-site storage options in America from all over their European locations. Was local management realising that they gave their customer base and (financial) details to US insight?

There is NO; I say again NO evidence that these data files were ever ‘violated’ for commercial gain. If we consider the dangers of greed and in the light of what we read earlier, can we be certain that this did not happen, or even whether this is not likely to happen in the near future?

It had been clear that parties like the NSA had access. There is however a side we do need to take proper heed of. If they have access, then who else has access? From corporate documents from these hosts, corporations would have likely read how impossible access was, and how they never give out access. If that part was shown to be ‘violated’, then what other dangers lurk that these companies did not expect? (In this concept violated does not mean a legal violation as the data storage company would have been adhering to their government rules, yet the fact that corporations might not know this is a question for many and as such legal questions should be asked).

So think again, as social media is in their right to sell the data they have in some shape and that it is the price you paid for all these ‘free’ abilities that these places give you. Most do not worry, but then worry about information the government has/looks in to.

For private individuals all this is simply a fake fear.

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Tagged as AQAP, CSE, current-events, Cyprus, David Cameron, DSD, Equens, Facebook, GCHQ, google, Greece, IMF, Instagram, Judge Roger Vinson, Luc Sala, Microsoft, MySpace, Nigel Farage, NSA, Peer1, President Obama, San-Antonio, ServerBeach, Sony, Theresa May, Woolwich

June 6, 2013 · 20:35

The freedom to misdirect?

We see all kinds of information and misdirection, almost at any given day. If one good thing is mentioned, another bad thing is swallowed into silence. So when I saw the message on Sky News that “Latvia to join EU”, I had a look.

So Latvia is now to become the 18th Euro state. That part is however you take it. The average Brit will see this as a fearful motion for another few hundred thousand to seek out the London Limelight on a permanent basis. Others might have their own thoughts and reservations. Not all of them will be negative, as Latvia has a decent record in the shipping industry.

Three parts got my eye, and they are at least worrying, infuriating might be a slightly better word. The first quote was from the European Commission that ‘Latvia is ready to adopt the Euro in 2014‘. An interesting quote, especially as well over 60% of Latvia is fiercely against the Euro. Let us be fair, why adopt a sinking ship. Would you buy the Titanic if you found it parked against an iceberg? At worst it is a 3800 meter walk back to the boat (straight down).

It is the quote from the Latvian Prime Minister that is the second quote of concern: “Prime Minister Valdis Dombrovskis welcomed the news, saying in Riga that ‘joining the Euro will benefit Latvia’s economy by removing currency conversion costs and raising Latvia’s credit rating’.”

Really? You want to adapt even more credit option whilst you are already in a position to drown in current debts? How clueless does that seem? It will take five years to get past the weakness gained by Cyprus, and at least 15 years to get a grip on the financial vise that Greece is giving the rest of the EU. Is this a ploy to remove the option for the UK to remove itself from the EU? If that is so, then the current administration is not just heading towards failure at the next election, at that point we look at a total overwhelming victory by UKIP next election. I have nothing against UKIP, but I do not think that to be a particularly good idea. Mostly, as a large part of UKIP would be seated at senior position whilst having little more than junior levels of experience. (I just call them how I personally see them). They would be elected in charge, whilst becoming a real danger to create an unresolvable mess for two administrations to come (again a personal view of mine). I will here and now state quite clearly that this is an assumption on MY side. I will also happily add information proving me wrong when and if the time comes.

Back to Latvia!

The second quote is nothing compared to the third one. “We think Euro membership will increase investment activity. We need only to look at the Estonian example where investment in the non-financial sector doubled.” (Source: http://www.skynews.com.au/world/article.aspx?id=877664 ).

This I see as a massive misdirection. The only reason that this looks this way is because Skype was an Estonian invention (a brilliant one). It comes from the people who initially came up with Kazaa. So yes, even though their mention might be correct, the fact that one product is the major reason behind the non-financial investment is thrown into the deep left field of unmentioned factors. Of course Tallinn is also famous for the Beer ferries to Stockholm. It is indeed a pretty city to see, uncannily picturesque and of course it has some visibility for the hourly lady rental services (some are extremely good looking and it is perfectly legal in Estonia). So which of these options give that reason for investments? Also interesting is that this newscast from Sky News did not come with the identity of a writer. You see, here is where we take a look at a few things. Especially when we consider the mention by Leveson and in regards to Ethics. I think that this article is missing a lot of facts and some are too far out of context. However, this is again my personal view on the matter at hand.

Danger 1.
The EU economy is as fragile as it gets. I will not debate here whether it is a good idea to add Latvia to the list. It is important to consider the Latvian addition to the Euro. Especially, when we read statements from their PM is strong at mentioning of the option of upping their credit rating. That part will hit back to the Euro sooner rather than later and as such the other Euro nations as well. It only makes a stronger case for the UK to get out of the EU (I am not convinced it is the right option at present), and get out fast. Even if they do not, additional reasoning for better and more complete regulations is required for all kinds of banks and financial institutions. That would be needed BEFORE nations get added to the Euro as it allows for a gap for re-managing all kinds of financial packages, that would require those government to need additional IMF support. We all know where that leads the rest.

Danger 2.
Looking at Estonia? Why, because these nations are neighbours? Tallinn has a direct ferry connection with Helsinki and a ferry connection with Stockholm (amongst others). Non-financial investments are nice, but how many and who? Skype (invented in Estonia) got a strong influx by Microsoft and twice the amount of what? Another nation getting a few taxable Billions for Skype does not put Latvia in the clear (also much of that amount went to a small group of private developers) as Microsoft bought it. There is every chance that Skype will be phased out of Estonia, then what? This does not reflect badly on Estonia as it has several economic options. Latvia does not have those in equal measure. It has options, but which ones exactly? It seems that the initial article does not bear that out clearly at all.

Another quote to mention is “Latvia is a small, open economy” the Latvian Prime Minister said. Anyone remember Iceland 2004? Similar words were spoken then. That did not pan out to well for that island, as well as many of their inhabitants (and a massive amount of places after that). This is exactly why those banking reforms I pleaded for in many situations are needed and needed fast. There is NO indications that this is about to happen here, but it is proven that greed is eternal; people in power have been willing to sell away what they can and remain unaccountable after that. It is clear that the open market industry cannot be trusted the way it is. It is even proven that too many in charge are passing the buck and letting those who are innocent pay for the hardships created by the greedy (Greece and Cyprus are clear evidence of that).

These elements give additional strengths to the UKIP mission to get out of the EU, which also gives inevitable strength to the German group under Bernd Lucke, who will get the power for the last push out of the Euro. With these two elements the UK and Germany, the EU will have more than two little problems floating their way. Should this come to pass then the German chancellor Merkel will end up getting a new job and as things go, there might be a reasonable ‘danger’ for an Early UK election. At that point it will be the EU segregation of coin or nation through possible future Chancellor Lucke of Germany and Prime Minister Farage of UK that will change the EU and possibly even sink it completely. The simple reasoning is that the Euro cannot survive without both. It might survive the departure of one, but no way will it survive both leaving their support to the coin.

So, is this just speaking doom?

I will always agree that these are thoughts (non-positive ones) from me and my way of thinking. Experts will speak out on how wrong I am. Those experts also predicted that the economy was already on the rise in 2013. This has been proven wrong in most EU nations. Where their predictions were right, they were between ½% and 1½% too optimistic. For the EU it is not just about the economy, it is about getting a handle on the current massive debts. Debts so massive that it is likely to take in some cases up to three generations to get back on the horse. To add nations to a coin is one thing, but when we read about raised credit ratings it comes down to pushing many further down a debt driven society. That in a society where on average in the EU nation’s 1 out of 8 do not have a job, in some cases it is 1 out of 4. That is no place to be in a debt driven society. That is not a social structure, that is in my humble opinion seen as the population gnawing on the remaining scraps called ‘their nation’ before those nations become some industrialised economic ownership, where you either work at THEIR leisure, or you perish.

It would be fair of you the reader to dismiss this thought. Before you do, consider that Greece had been holding a fire sale of what is still in their name (for now). This act is to reduce a debt of millions, out of a total debt which surpasses several hundreds of billion. No more than a drop of water on a hot plate. That happened last year (Source: http://www.guardian.co.uk/world/2012/sep/19/debt-ridden-greece-firesale)

So what happens when a nation has nothing left? Is my reasoning that outlandish? Those sales might get them somewhere near 2 billion, whilst 15 billion is due in 2015. Even if ALL savings from the entire Greek population is nationalised (confiscated). It might just be enough to get the 15 billion. So what to do about the other 300 billion not paid? I am not going after Greece; this is not about the Greek debt. This is about OTHER new members not adding to this, and for that certain precautions are needed. Certain regulations for banks and financial institutions need to be in place. Even if the IMF now admits that the damage through Austerity was ‘miscalculated’. (Source: http://www.guardian.co.uk/business/2013/jun/05/imf-underestimated-damage-austerity-would-do-to-greece) In all honesty, I saw that one coming a mile away. It has been known at least since the early 1600’s that a plucked chicken has little feathers left. (And boy did that chook get itself plucked!)

As messages of rephrasing ‘the message‘, it has been clear that there is a real danger that the Euro is way too close to a non-successful triple bypass.

If a new member dumps their domino on the EU and Greece falls, which will topple Cyprus and then the effect will topple France, Italy, which in turn will topple the Dutch and remaining domino stones (read weak economic countries). What will be left? I will keep one eye on the Guardian the next few weeks as people like Larry Elliott and Phillip Inman, who are excellent financial correspondents, add their views to the internet.

If there is any chance of surviving, then it is only possible if credit limits are frozen and debts are lowered. So far no one is on top of that approach and the EU will change as team Lucke/Ferage might remove the little options the EU had left. Are they wrong? I am not sure, but I do not blame these two for getting their nations out of a collision whilst the others keep on failing to successfully manage their budgets.

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Tagged as Bernd Lucke, Cyprus, Estonia, Eu, Farage, Finland, Germany, Greece, Guardian, Helsinki, IMF, Larry Elliott, Latvia, Merkel, Nigel Farage, Phillip Inman, Sky News, Skype, Tallinn, UKIP, Valdis Dombrovskis

May 4, 2013 · 15:59

UKIP or U.K.I.P? (Ur Kiddin’ I Presume?)

First let me start by stating my ‘allegiance’. I for the most am a conservative in mind. I used to be Labour/Liberal Democrat in past, but like all people, over time my thoughts and ideas changed like they change with most people. And as most, we want to support the team that looks out for us, and is closest to our ideals. We often keep it in that order of importance.

The issues are not with the parties, they, for the most did nothing wrong to make me change my mind. They had priorities as any good party would have, and as they change I felt less with one and more with the other party.

So why, from Australia is this part on UKIP coming? Well, I grew up in Europe and I spend most of my life there. Perhaps at times I still miss being in London, but that would apply to anyone who has been to London. Only the dead do not miss London and even that might be debatable. So as I saw the news this morning on how UKIP made some staggering victories from the conservatives I started to ponder it all. So this is where I am at present.

What do most know about UKIP? We saw some people lash out against them as they lash out against most opponents they are worried about. Then there was (too) little from UKIP and of course the votes and those who flocked towards them in droves.

When you look online, there are heaps of reviews. The Australian wrote ‘Send in the UKIP Clowns’, ‘the anti-immigration UK independence party’ and a few other less than flattering headers.

So taking a look at their site at http://www.UKIP.org had several papers that could be read, downloaded and or printed. It seems that they have information that is ready for all. One of the quotes that was on page 2 of their manifesto was “On January 1st 2014, The UK will open its door to unlimited numbers of people from Romania and Bulgaria”.

In the current economic and financial climate that makes entire Europe suffer, this message would scare plenty of people in the UK. There is even a quote from Ed Miliband MP, leader of the labour party in there. Yes, there is a simple message. So, why am I interested?

From my view many Commonwealth nations are connected. Even if Australia has a strong mining community (a force our own PM seems to be happy to break into suffering little parts), we are connected with the UK. If your mother was in danger, would you NOT come to her rescue? I think that we will always come to the aid of England, even when they lack Cricket skills ;-).

The message from UKIP remains simple, yet life is not that simple, but it ought to be. This is why Mr Cameron is now in a situation where he has to pick up the pieces. I will go one step further, even if the press was not willing (or able) to make it. If the current standing is not rectified fast, the conservatives might find themselves in less than a minority position, they will end in a position that will take multiple government terms to rectify.

So let us take a look at these issues that gave strength to the UKIP.

Open immigration from Romania and Bulgaria. Open immigration is always an issue for any nation that is in a much better place than the nations where immigrants come from. Yet, these two are not in any good state, so if those people have a chance of a much better life they will come. Yet, in support, the Netherlands has been dealing with massive scaled rental allowance fraud from Bulgarian gangs. The Dutch information program ‘Brandpunt’ (= flashpoint) even showed how organised bus trips from Bulgaria exist, just to start this method of fraud. One website even mentioned “Bulgaarse televise zendt cursussen ‘Hoe misbruik te maken van het Nederlandse systeem'” (=Bulgarian television transmits courses on ‘how to abuse the Dutch system’).

In the current climate this is what the UK might have to look forward to in one way or another. So, when we see UKIP announcing that they want to get out of the EU in the current climate, many people listen.

Is UKIP correct? This is where my shoes become a little tight for comfort. Life and politics are not that simple. No matter how much we would like it to be, the UK is currently in a 1 trillion deficit issue. It needs an increased economy and it needs export to keep it all real, yet the prospect of losing a 0.3% economical increase (achieved by the conservatives) is not likely to survive after the open border policy starts next January. There is another reality that does not bode well for Mr Cameron either. Many Nations in Europe have no real grip on their budgets at present. Germany seems to be the only one on par for now. Even the UK has a problem, but that is an UK issue. As they remain in the EU, they also inherit the issues of Italy, Greece, Spain and Cyprus. Each of these 4 are now loudly protesting in a state of anti-Austerity and as such, should their governments be overturned, then the chance of them cleaning up their own mess is not likely to happen any day soon. UKIP wants to be away from the EU when that happens. The reality is that the brunt of those blows would push the Netherlands, Belgium and France on their financial knees as well. Then what?

So even though Mr Cameron is right that life is complex, the appeal that Nigel Farage wants to do an Alexander the Great and cut the Gordian knot is not that far-fetched and is starting to appeal to a much wider audience. There is even additional support as the Netherlands did not get their budget in order and now gets a one year extension. In addition, their own labour party is entering a state of possible disarray as its members oppose a plan earlier approved in a coalition deal with the VVD (Dutch Liberal party). In this situation to get certain deals, the Dutch Labour party had to accept the standing that the Dutch Liberals want a harsher expulsion policy for illegal and criminal immigrants. To make this coalition work Labour had to go along with this to get some of their own agenda points to work. Now the party members want to move away from the Liberal stance on immigration (as the Labour mindset was never on par with that) and MP Samson was unwilling to do this. He had a standing agreement and he wants to keep his word. He also warned that pushing this would come at a cost for labour. Labour would have to hand over something else and even in the short run this would be likely an expensive change for the Labour agenda. So even though this is currently being talked about, it is clear that a crises point could come. In addition, there is no indication that the Dutch economy is changing for the better. There was mention of 0.6% of shrinking of the Dutch economy. In case you were wondering why this issue matters, it does! (Read on to learn why)
You see, if the Dutch economy gets any worse it will soon go towards a situation France and Italy are in (with a lot less deficit). Consider these nations nearly all with an overall average unemployment rate of 12.1%. These people will seek solutions and are very willing to cross borders for a better option. So, the fear that UKIP propagates is a real one.

In addition, the Gordian knot will have several benefits in these regards, but what is the downfall? There is the reality that the response from the Eurozone might lean towards a preference choice in business partners and removing the UK from the top of that list as/if they move out of the EU. It comes with the ‘we take care of our own and ours first’ taking the UK out of that equation. That is a reality to face too.

Does one outweigh the other? I feel certain that UKIP made no real investigation into that part at present. The question becomes what is done after they get the votes, and when they grow large(r), will they be able to provide not just ‘answers’ but also come up with solutions? The latter might be an issue as Nigel Farage stated on Sky News on May 3rd that a reshuffle was needed as they grew more than anticipated. That statement is fair enough when we see that thus far they gained 139 seats. It is a massive victory indeed.

Yet if there is another side then it can be found in their manifesto on page 4.

Protecting the greenbelt – opposing wind farms and HS2.

If the UK is to move forward then a proper energy policy is needed. They could consider more nuclear power, yet in the end, alternative fuel will be the future. Considering that the UK gets more wind daily then an average flying jet turbine, wind farms need to remain an option. In addition, if the UK will opt out of the EU, things will get more expensive in the short run, perhaps in the long run too. A strong energy policy would be paramount to keep the cost for the average citizen down and moving away from wind farms as an option seems less like a good idea.

Next on the list are 4 of the points mentioned.

Tax should be as low as possible.
Cracking down on crime and anti-social behaviour.
More police on the streets.
Cutting council executives and managers, not front-line services.

These issues are nice to hear, just like the quote we see in a fortune cookie. The tax statement is nice, but will it change? As ‘low as possible’ is just like ‘as soon as possible’, if the second one could mean ‘never’ then the first one could remain ‘too high’. There is actually more to this. Cracking down on crime is something the police have always done. Could more be done? Sure! There is however the issue that a budget needs to be kept and the UK has its own Austerity measures to consider as the 1 trillion deficits is not going away any day soon. This is where the third statement comes. Sure more police on the street sounds nice, but there is an infrastructure. Adding to the police force is nice, but with what money? The police forces have been bled dry and cut to ‘too little’ and not only in the UK. So if they tamper with the infrastructure to keep the promise of more police in the street the result is likely to be counter-productive down the line, then what will UKIP do?

So you see, they talk to the public, and tell them what to hear, but will it solve anything? This part is the debatable one. Yet, down the line, we must admit to govern one must be in office, and they did get into the office and now they must prove it.

I will not join the queue where they are labelled as fruit cakes and such. Mr Cameron is right that they will become a party to be reckoned with. The interesting part is how this will play out. The old duo Clegg-Miliband is now a lot less likely to survive, that part Mr Nigel Farage did achieve. What will Labour do next is the question. They are still the biggest for now. If they are to survive then they must align. It is unlikely they will find themselves with the Tories, yet it is either that, or their new option UKIP.

And here is where we see exactly the issue that Dutch Labour and Liberals are having (PVDA/VVD). What items are given and what are taken and what happens when the MP’s strike deals their constituents will not agree with? A British political sciences student in the late 90’s once told me “Coalition cabinets are the most entertaining, volatile and corrupt forms of governments”. I thought that his point of view made a lot of sense. The UK is about to join those ranks as they need to form coalitions at both sides of the isles. Will it be about the people or the MP’s and their futures? Time will tell but there is clarity in no uncertain terms. Those who did not give clear explanations of the why (as it was too complex) are now in a state where they must redraw lines and re-educate the masses as they figure out what to do next to get their seats back.

So the title ‘You’re Kidding I presume?’ Is very correct, yet who is stating that line, and whom are they stating it to is left in the open as both sides could claim that title and both side should be able to answer it.

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Tagged as Conservatives, current-events, David Cameron, Diederik Samson, Ed Miliband, Nick Clegg, Nigel Farage, politics, PVDA, UKIP, VVD

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