Tag Archives: Parool

A different day

This is a different day. It started bright and early when I woke up at 06:30 thinking of a new movie, an anti-anti-Islam movie. The idea I started with a few days ago called ‘How to assassinate a politician‘ is now called ‘The Essay‘. A setting in regards to what some people call ‘Freedom of speech’ and whilst some are calling it debatable by organising a cartoon competition, where the best drawing of the prophet Mohammed wins, the entire matter is in even worse taste as the event is taking place on the grounds of Dutch parliament.

The setting is so disgusting because Muslim faith is clearly defined as that there will be no image of Mohammed ever. We get from various sources “The Quran does not explicitly forbid images of Muhammad, but there are a few hadith (supplemental teachings) which have explicitly prohibited Muslims from creating visual depictions of figures. It is agreed on all sides that there is no authentic visual tradition as to the appearance of Muhammad, although there are early legends of portraits of him, and written physical descriptions whose authenticity is often accepted“, even as Wiki gives us the goods; they refer to the quality stuff we require. In this Sahih al-Bukhariis one of the Kutub al-Sittah of Sunni Islam. Bukhari finished his work around 846/232 AH, and spent the last twenty-four years of his life visiting other cities and scholars, teaching the hadith he had collected. In every city that Bukhari visited, thousands of people would gather in the main mosque to listen to him recite traditions. Bukhari finished his work around 846/232 AH, and spent the last decades of his life visiting other cities and scholars, teaching the hadith he had collected. In every city that Bukhari visited, thousands of people would gather in the main mosque to listen to him recite traditions. The authenticity of his work has been widely accepted by Islam scholars. So in light of this, we need to consider that certain actions are just not acceptable. Even as a Catholic, I have for the most little knowledge of Islam, but the little I know clearly shows the Dutch Politician to act in intentional travesty and hides behind what some refer to as ‘freedoms’ to insult Islam religion and whilst that is happening the Dutch government is still trying to wield ‘diplomacy’ to gain large multi-billion euro contracts all over the middle east, in Muslim nations, yielding to ‘it is out of our hands‘ whilst letting the parliament building facilitate to such biased events of hatred. So at this point, can anyone explain to me why Egyptians are considering the Dutch in ‘Dutch engineering consultancy Arcadis selected to build tunnel under Suez Canal‘, there are several alternatives available and they are willing to give Islam the respect it deserves. Egypt, Saudi Arabia, Qatar, Oman, UAE, Indonesia and several others are confronted with the insults against Islam like the Tweet shown here. Even as we accept that there will always be people who are not merely biased, they tend to be individuals, yet when Dutch Parliament is used as the host of such an event, what does that say? Why would you want to cater to a nation that willingly allows its governmental buildings be used for anti-Islam events? The fact that the official complaint by Pakistan was kept out of the large papers for well over 2 days is also a clear setting that they are setting the stage of what is a very Dutch setting of ‘toleration policy‘ of anti-Islamic events. Dutch politicians like Stef Blok who seems to embrace (to some extent) the bluntness of Geert Wilders. A larger population is now being made aware (they already knew it) that to some extent a multicultural society is for the most a dream at best, yet ‘hallucination’ is actually more appropriate in this environment.

The Dutch newspaper gives it best in an article by Hakan Kulcu. Here we see ‘Ik ben bang voor het Nederland van morgen. Zullen mijn kinderen hier nog welkom zijn?‘ (Translate: I am afraid for the Netherlands of tomorrow, will it be a welcoming place to my children?), it is a little paraphrased. The setting is that there are more and more indicators that multicultural are no longer a given, they are at best a hopeful dream. But do you feel that you are investing in what was to be an acceptable setting for the future?

In this the foreign office ‘El Jefe’ Stef Blok is making his bluntness and open wound and a drastic mistake for whatever policy seems to be in effect. So when we are treated to ‘unfortunate and careless‘ speech bubbles of non-consideration, we must accept that there is a larger issue and that is going on whilst the Dutch are hiding in their PowerPoint on settings of tolerance and multi-cultural events. A presentation in falsehood, is that not a decent reason to change that 9 figure contract to someone who is honestly merely about the money (America), or at least trying to be truly multicultural (Sweden and Switzerland)?

In all this my brain is still processing the setting for the movie concept of ‘The Essay‘. Perhaps that idea could be sold in Abu Dhabi or Riyadh, plenty of rich fish in the sea who would love to be a movie producer. A movie part tongue in cheek, so that there is plenty of satire in consideration (when assassinating a politician), having alternative explanatory paths is a good thing. Some politicians look very Arian and we can use that Germany concept easy enough. o, and I must be certain that their movie states at the beginning: ‘Any Resemblance to Actual Persons, Living or Dead, is Purely Coincidental‘, which works with the Arian look works especially well as every German dreamed of being one and there are 83 million Germans, so I should get away with it 50% of the time.

The setting should be like …better keep the rest to me, myself and I for the movie sale. That is unless I can get 3.75% of 16 billion Euros in Dutch international contacts. If I pull that off, I will just finance the movie myself. Yet even as I check, the newspapers in many nations are still taking a large detour away from Geert Wilders and the cartoon competition. I reckon that they are hoping that it passes with anyone noticing. The Dutch Parool gives us an actual view that is a lot better, an opinion piece by Frits Bosch. Here we see: “It is brewing under the shiny surface of our prosperity. The elite withdraw into a bubble and deny all existing social problems“. That is actually a lot more accurate than I expected, yet the so called powers that be, the decision makers are for the most these people in a bubble, they include the one percentage incomes and the politicians who seem to be hiding away in The Hague after they got elected, it is in this atmosphere where anti-Islam can grow unchecked and for the most unopposed.

Why should I care as a catholic?

That would be a good question; you see I believe in fair play, for the most i have always adhered to it. I was never greed driven, but the times are not merely changing, the times were never fair, so it is only fair that those hiding behind intentional miscommunication, those hiding through greed driven Status Quo are put into the limelight. Those big businesses that hide behind the corporate cloak whilst whispering at governments via facilitators need to be given the limelight. And if that deprives them of close to 17 billion so much the better. As it is essential for them to be given the option to speech on lost revenue due to ‘unfortunate miscommunications‘, it is fun to see them having to grovel to the settings of their actions and inaction. It will give me more entertainment in the end, because they now facilitate to nations willing to spend close to a trillion dollars in several fields whilst their own wells dried up long ago. Would it not be fair that those knowingly linked to anti-Islam events; that these places are now denied a seat at the table in the Middle East? It seems only fair to me, does that seem fair to you?

Consider that the Catholic bastion Italy, that nation has close to 2 million Muslims, yet in all this, I cannot be anywhere in metropolitan Italy without any church, chapel or cathedral to be within 500 metres, yet in all Italy there are only eight official mosques in that country, does that not seem odd to you?

Why should the Middle East cater to anti-Islamic presence in their country when plenty of other many not anti-Islamic are willing to cater to them?

The world is upside down, so I think it is time that we inform the people on what is actually up and what is actually down, let’s start doing that through a movie, a movie that I call ‘The Essay‘.

 

Leave a comment

Filed under Finance, Media, movies, Politics

The Age of ‘no retirement left’ is coming

Another day and another play for one of the last foundations of wealth. As the Dutch NOS news reported, the Dutch pension funds are willing to invest in its own country. The Netherlands is currently an investment location that is receiving a very small part of that fat fund. Yet, pension funds want a level of government guarantee for these risky investments at present. That guarantee will save them for a certain amount of losses should they occur. As such the government has a level of objections. As the news reported, this plan has been a year in the making. Basically the pensions will be doing all the tasks banks are supposed to do. There is a level of risk that the pensions are not willing to carry at present. And why should they?

The reporter Jeroen van Dommelen stated “the government does not have the funds to invest, it is poor“. This is part of all the mayhem and issues on play. When the government could have stepped on the plate, they refused to do so. They pushed the bills forward. They relied on certain numbers of bettering the economy. A game played since 2006. And every time the Dutch CBS, which has government stakes and are prone to certain levels of censoring presented them. Those numbers have been downgraded quarter after quarter and as such no issues were resolved. Now this government is pretty much at the edge of viable as they received invoices from past administrations, and now, the one cauldron of cash that remains, and needs to be kept safe is being tapped on. This is not a cauldron where money renews (you know that realistic 100 coin leprechaun model), no it is like a simple soup cauldron, what is taken out, is lost forever. Starting a grab from that last cauldron that keeps an entire generation fed is not acceptable. It is too dangerous. When there were options, we were not allowed to touch it. Now that there are no options they want to touch it against our wishes and diminish it?

This is why pensions what the government to accept levels of losses, and why the buck is not passed forward, but to another person. Why should these funds be used to renovate rental properties? The rental agencies have been making a killing, or at least bosses in these places were. As examples we have the Amsterdam Rochdale scandal (Source, Dutch Parool http://www.parool.nl/parool/nl/1284/Affaire-Rochdale/index.dhtml). The Rotterdam corporation PWS, where fraud was a massive tool to offset the rental market (source: http://www.volkskrant.nl/vk/nl/2680/Economie/article/detail/766332/2006/02/10/Baas-PWS-ontslagen-om-fraude.dhtml). The examples do not even end there. The issues of preferential treatment and other calamities have given these issues a bad taste. In this environment there are grounds for calling the risk of these investments too high, in addition, these expensive dwellings should be providing for its own invested renovations. None of that seemed to have been happening. If we would investigate the issues as the Dutch SHC is investigated in 2011, where fraud was a factor, then we see that these events led to fusions which ended several steps, including in my humble opinion the prosecution of several people. The fusion left Miss Hedy van de Berk in charge after 25 years of service to clean up a mess her predecessors left. She had to lean on ‘lessons learned’ and interesting that Councillor for the City of Rotterdam Hamit Karakus (US equivalent of Alderman), who was present at that meeting seems not to have been that vocal on certain issues. This is not an accusation towards either, yet the foundation of pushing forward seems to be a clear given, and as such investments with retirement funds should be classified as a definite risk. As such we should wonder why these funds have to chip in in the first place. When we look at the responses from Henk Knoop (VVD) as MP of economic affairs, we see that he makes a clear good case where politicians want to make it more interesting to invest in Dutch events. I personally have the view that risk factors currently remain too high and until certain guarantees are added until there is clear evidence that sound investments are proven to be sound investments, the current level of risk should be considered too high.

The fact remains that they want certain levels of guarantees from Finance minister Jeroen Dijsselbloem. His view is that returns are founding certain levels of risk. This is a fair and realistic view. The issue that many have in this regard is that the risks are unrealistically given. That view has weight if we accept the faltering views SNS Reaal brought forward as it needed to be nationalised. Those are levels of lost investments, especially in commercial enterprises that are too unacceptable. Until those issues are resolved and dealt with, it seems that retirement funds have no business in a field with so much risk.

In addition the message by Jeroen van Dommelen at the end stating “resolving these issues would give way that on the day of princes there will also be good news” is way too thin to base the risk of retirement funds on. For the non-Dutch, the day of princes is on the third Tuesday in September when the Dutch government through a royal speech announces the new annual budget.

These dangers are not just visible in the Netherlands, yet in a place where they have been one of the most secure in Europe, the fall-back might be larger than anywhere else. In the UK, there is the case that Simon Cox of BBC4 reported on in regards to the pension liberation scheme last March. (Source: http://www.bbc.co.uk/news/business-21844955)

The options for those before retirement could access some of this cash. The issue is not just whether people select this, it is about the dangers that the acts comprises. What people do not realise is that a person’s retirement is mostly built in the last 5 years of ones funds. At that time, the interest is so rewarding that those years are the days when a retirement almost doubles making it a good thing (read enough to survive on). To lower these amounts, means that people either work a few additional years, or fall short by a chunk of what they would need. So it is a danger one should not consider. My thoughts are not as full on extreme as those of Shaun Richards of “Mindful Money”. He is more into the question whether an economic war between the saving retirees and the youthful left with nothing (something according to those lines). I do not think it is that far, yet, the greedy and their prying eyes on those untapped resources are out there, so there are dangers. His story makes for a good read, so check it out at http://www.mindfulmoney.co.uk/wp/shaun-richards/is-there-a-danger-of-an-economic-war-between-pensioners-and-the-young-in-the-uk/

If there is one note of criticism from my side on this article then it is the focal view as he looked at the groups, yet outliers from those groups and whether they moved from one group to another is slightly ignored, so a possible factor of skewing from those evading the credit crunch and those who got pushed out into destitution all together seemed to have been ignored, that group might have remained too small (however, still unillustrated).

His views should not be discarded. It seems to me that his views are partially adopted by Peter Hain of the Guardian (alternative is that they came to similar conclusions). Peter was quite adamant on the loss of cohesion as he describes it. Where I disagree is the Nick Clegg view where the better off retirees should ‘abolish’ their tax benefits. Is that fair? Those who remained cautious are now better off, whilst those who ‘partied on’ need additional support. I see no reason for those who did give out those extra few bobs to benefit now should give that up again. The social structure is all good and fine, yet those who did not keep their responsible part are now, as should be suffering a little more. A model was long term agreed upon, as today’s irresponsible spending’s should not be charged to those who got charged and worked all their lives. This is where ‘the Clegg principle’ falls short in my view. Peter’s words strike goal at the end where he writes “Cutting or means-testing pensioners allowances risks turning young against old and rich against poor while making negligible savings for the Treasury“. That is a risk we should not allow. Not because of the unfairness of this, but for the risk that the young will allow the exploiting of funds that should not be touched. In the end it is not just a negligible saving for the treasury, there is every indication that this will propel certain additional costs forward. Especially considering that these costs could have been avoided all together.

These issues also raise a few questions when we look at the Swedish system. A system protected by government and is totally untouchable by people until they retire. This quote came from the Swedish national bank this year. The question on the safety of retirements as such what return on investment has been achieved. the statement was “The major Swedish banks’ liabilities in US dollar amounted to just over SEK 1,600 billion at the end of 2012. Approximately 20 per cent of these liabilities consist of deposits, above all from large non-financial and non-bank financial companies.” So at 1.6 trillion Kronor, the outsourced risk that adds up to almost to SEK 226,000 for every Swedish citizen, all those funds in one investment? That looks like a very dangerous investment indeed, as that makes it the bulk of all the retirement investments all in one fund. When I look at my Swedish retirement savings then I have seen it go up by less than 5% annually (because I have annual costs, but I no longer live in Sweden and therefor no longer add to it). So what dangers are there for retirement investments all over Europe? France is in a peril no less dangerous, especially as President Hollande is asking the retirees to fill the French Coffers. Perhaps he will add a “s’il vous plait” (‘please’ in French) to that request at the end, but the message is rather clear. (Source: http://www.huffingtonpost.com/2013/03/05/france-pension-reforms-hollande_n_2810024.html)

There is a European issue with retirement incomes, and it seems that the push it forward routine, as I started with in the beginning of this blog has been a blanket policy for many nations. Should they blame former president Nicolas Sarkozy? He tried to up the age of retirement by 2 years. I do not think it is fair (mainly because dangers were not reported in time). Not unlike the Dutch system as I mentioned in previous blogs. The push-it-forward routine has been employed for too long in several nations.

These retirees all worked hard until they retired. The fact that the younger generation holds those to account and not those who refused to act is unfair. We should add the question on issues that banks had like rogue trader Jérôme Kerviel. A person who decreased French bank values by almost 5 billion Euros. Even though he was convicted and he was supposed to pay this back. How much was actually paid back? Was all this money returned? It is so tearful to somehow this poor poor man has lost it all. Did he? He never owned 5 billion, so it was not his to lose. So if we see all these international trading shortfalls in France, UK, Netherlands, Italy and a few other nations (I reported on those issues in previous blogs). Those sums are more than the combined retirement funds that are about to get endangered. I think these governments should get those coins back before they go after the somewhat defenceless retirement funds.

Still today governments are setting out costs that they cannot foot the bill for. To now address retirement funds is an unacceptable step. Consider the initial Dutch version were in their own admission plans had been in the making for one year. Look at cutbacks that have not yet been met. These events show clearly that these events should have been stopped yesterday, whilst allowing them tomorrow has every realistic view that they could leave the entire upcoming retiring generation destitute.

Leave a comment

Filed under Finance, Politics