Tag Archives: reuters

August 26, 2014 · 12:03

About America, chapter 11

This is a short story; it is not part of a novel where you have seen the first 10 chapters. This is in all seriousness an issue when we consider Code of Laws of the United States, United States Code, number 11 deals with bankruptcy.

So why take my word for this? Why am I right, when every journalist, every economist claims that this is not the case? How diluted am I to think this?

These are all valid question. Now consider the facts. The US treasury (from various sources) had collected in 2013 around 2,700 billion dollars. This seems like a lot, yet the budget as President Obama stipulated in 2012, the budget had spending set to around 3,800 billion dollar, so the US is already 1 trillion short. If we consider the total US debt at 18 trillion, meaning 18,000 billion, then the total debt would need 100% of all taxation for 6 years, an act that is totally unrealistic.

Now take this to your own homestead. I remember that I could never get a loan for a mortgage for more than 4 annual incomes. Now, this is like comparing apples to oranges, but is my train of thought so far out of bounds? It is my view that these seemingly ‘clever’ economists have been rolling their gambling dice in several ways for too long.

Consider the Dow Jones Index. We get fed the line that the economy is good, because 30 companies are doing ‘well’. Ever since the ‘dip’ it took in 2009 to 6547 (at http://stockcharts.com/freecharts/historical/djia1900.html), the Dow has ‘restored’ itself to 16743 (as per now). So, in the time when all was well, before the first economic collapse in 2004, when the Dow was 11722, and until the second collapse in 2008 when the Dow went from 14164 to 6547 in 2009, we now are in a time when many in the US are down on their luck and finances, when many all over the world are feeling the brunt of recession and other financial calamities, the almighty Dow is at 16743.

Is anyone considering the notion on how dislodged the entire Dow Jones concept is in regards to the reality of life?

Consider the following information:

– Amazon is buying Twitch for a billion Dollars in cash (at http://www.theverge.com/2014/8/25/6066509/why-it-makes-sense-for-amazon-to-buy-twitch)

– Roche to buy U.S. biotech firm InterMune for $8.3 billion in cash (at http://www.reuters.com/article/2014/08/24/us-intermune-roche-idUSKBN0GO0PI20140824)

These are two of several (read dozens) of large shopping sprees, throwing cash around like it is nothing and as these billions come into the other parties’ hands, what taxation ends up getting paid? This is at the heart of the founding issue that should keep our minds busy ‘Is America Bankrupt?’

There are two sides. First there is the Sovereign Default. No matter how you twist or turn it, if a nation cannot pay its debt, it will default and should be seen bankrupt. A good example is Greece. After Europe bailed out a nation with 11 million people, by ‘giving’ it well over 300 billion, it is still complaining. The reality is that it should have been allowed to go under in bankruptcy. Not because I like it, or because I have anything against Greece (in all honesty, Crete is one of the loveliest places I ever saw). The natural cycle of economy has been ‘arranged’ (I would call it mismanaged) into cycles of only good news. You talk to any farmer, they will all tell you that no field can survive on spring and summer alone, nature is all about balance and as we threw away balance, we started to undo our own prosperity.

It is said that a business is stated as ‘insolvent’ when its debts exceed its assets.

Is that not the case here? I have stated in the past that I have reservations about the true value of LIBOR.

If we continue the question: “How much money they need to borrow from their peers to plug any holes in their balance sheets and if they have an excess of available cash, how much they can afford to lend“, which is at the heart of LIBOR (at http://citywire.co.uk/money/qanda-what-is-libor-and-what-did-barclays-do-to-it/a600479), considering that the margins had been played with in the last two years, is the idea that the total valued amount has also been tweaked?

This is all based upon an availability of actual existing Cash. But the entire system is based upon a certain value of assets and goods, as I personally see it, I do not trust that list as it is dependent on the ego of honest bankers, which seems an impossible concept and no one can produce at any given moment an exact list of it. So what value exists in all reality (not in the eager mind of a commission driven banker)?

We now get back to the Dow Jones Index. If we consider the past (when life appeared good) and the now where most of have lost a lot (if not all), then is that index not artificially driven upwards? This is not just my view; several parties, including USA Today (at http://www.usatoday.com/story/opinion/2013/03/04/federal-reserve–quantitative-easing/1963539/) are showing us a view that shows an economic system that is driven upwards in artificial ways. So we now get a different view. Are all these mergers and multi-billion dollar deals we see regularly now on TV about growth, or about the top of the US industry that seems to leave the sinking ships before the system collapses.

This is at the centre of a few issues, where the US is rallying for ‘support’ whilst not showing one iota of accountability to get its budget under control. The last part is at the heart of the need to call the USA bankrupt (not because I desire it). It will cost many a lot, but is growth not depending on the downfall of others? If we consider that all together we are 100%, does our growth not depend on the need that someone else does less? That intertwining, where we ignore basic foundations that growth is not eternal, we see that there is a consequence to overinflating (yes, this also applies to my ego).

Yet, economists have time and time again stated that there is more here and there (whilst they point to virtual spaces). Now we see the heart of the problem, who has the actual 18 trillion that the US is down for? If we look at the oil links, should USA perhaps mean ‘Unionized Saudi Arabia‘? If we consider the real wealth, are they not the ones holding the oil reserves (one of the big four) and as such, the outstanding debt? I know it is not that simple, it never is, but when we ask a summary of where the debt lies; we will get some clever list from a highly educated economist and some excuse ‘that it is all a lot more complex then it looks‘.

He is not incorrect, but he is also not telling you who hold the 18 trillion the US had been spending in one way or another and as such, the realisation should now be upon you. If America is bankrupt, then what will happen next? Japan will pretty much be permanently out of commission and I reckon the UK will be in very deep waters, but we the Commonwealth must find a way to go it together if we are to survive.

It seems to me that America never realised that lesson, like several others, they all used to max out a credit card in virtual space whilst the actual, supporting currency is not there, so why has America not been declared bankrupt?

I reckon soon enough we will get more and more long winded talks, but in the end no one is sayng anything because those who will be making the speeches are at the heart of what went wrong and no one wants to hold on to that guilt when those left without their house ask them the question ‘where are my savings?‘.

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Tagged as America, citywire.co.uk, Crete, Dow, Dow Jones, Dow Jones Index, economic collapse, Greece, Japan, LIBOR, President Obama, reuters, stockcharts.com, theverge.com, UK, United States Code, US, US taxation, US Treasury, USA, USA today

July 28, 2014 · 11:35

The old reasons

There are a lot of high running tensions in play at present. There is the Gaza, which has been going on since I was there in 1982 and there is the downing of MH17, which is now becoming an increasingly political hot potato involving the Russians.

Yesterday, Nick Clegg called for stripping Russia from the world cup 2018 (at http://www.theguardian.com/politics/2014/jul/27/nick-clegg-russia-world-cup-2018-stripped-mh17-ukraine). I do not think I can presently agree with this. Yes, there are issues that need to be answered, yet, there is enough evidence to clearly state that Russian separatists, not the Russian army shot the plane down. The last group might not be innocent, yet for this we need actual evidence, which is currently (for now) not available.

David Cameron seems to be in agreement with me (at http://www.theguardian.com/politics/2014/jul/27/david-cameron-russia-2018-world-cup-ukraine).

In my case there is another reason. If we are to resolve any issues, then we need to make sure that diplomats get as many options as they can to smooth things over. In three years the issues of MH17 will have been passed, yet what lies around the corner? There is not a person in the world who can give us any answer in that regard, nor should they have to. If we want options, than we need to look no further than the Olympics, especially the ‘original’ ones (you know, the ones you might have seen in 776 BC).

In those days, there was an important side to these groups of people, who were always bickering with each other using swords and spears. It was stated “During the Olympic Games, a truce, or ekecheiria was observed. Three runners, known as spondophoroi were sent from Elis to the participant cities at each set of games to announce the beginning of the truce. During this period, armies were forbidden from entering Olympia, wars were suspended, and legal disputes and the use of the death penalty were forbidden“.

It was a stroke of genius! This was a time when certain officials could off the books meet and possibly broker solutions in a way where the ego and reputation of a person was not on the line. It was a time when some people could meet and possibly longer lasting truces could be held. Even today, when the emotions run high, we need to make certain that such an option remains.

This brings me to the second part in this, which is only casually linked. It was my blog of March 19th 2014 called ‘Any sport implies corruption!‘ where I looked at some of the issues regarding the accusation of corruption by Qatar in getting the World cup 2022. There were a few views that caused me to question whether there was actual corruption, or was this a push by big business to replace Qatar for revenue reasons? What is ‘more likely than not’ is the question in this case!

Last week the Guardian gave us additional information (at http://www.theguardian.com/football/2014/jul/21/ethics-investigation-private-fifa-michael-garcia), in the article, where it states: “Former attorney expected to deliver evidence by end of July“. It is now the end of July and we see the quote “Garcia’s report will go directly to FIFA’s ethics judge Hans-Joachim Eckhart, who is not expected to make any rulings until August or September“, so there will; be another delay in finding out the truth.
Moreover, I feel at present that after that another delay will come as certain people could be offered high income positions in other places before the news comes out. Will that happen? I do not know, what I do know is that the allegations have gone on for way too long and the additional delays, whilst we see more and more press on this should anger us all beyond belief. Big Business made a try and as such they hopefully failed. Of course we will not know until the rulings are made, but I remain adamant in my view! I demand the disclosure of names and participants in these events. In addition, the quote “Shortly before the World Cup in Brazil, Britain’s Sunday Times newspaper reported that some of the ‘millions of documents’ it had seen linked payments by former FIFA executive committee member Mohamed Bin Hammam to officials to win backing for Qatar’s World Cup bid” (at http://www.reuters.com/article/2014/07/25/us-soccer-fifa-qatar-idUSKBN0FU1M720140725), I could not get the Sunday times link as people need to pay for it and it cannot be fully shown, yet the quote is seen at CNN (at http://edition.cnn.com/2014/06/02/sport/football/football-qatar-world-cup-sunday-times/) which states: “We’ve seen millions of documents that prove without a shadow of doubt that corruption was involved. There is clear evidence linking payments to people who have influence over the decision of who hosted the World Cup“.
I think we should DEMAND the display of these documents. If there is corruption, we are entitled to see it, on the other hand, if we accept that it is more likely than not that an industry that misses out on millions of dollars are behind the accusations, then we are allowed to see that as well. In that regard, if the Royal commission would prefer not to be the laughing stock regarding the press, then in my view, it should have only one response to the quote from the Sunday Times, when it is proven wrong. The Sunday Times is to cease all operations for no less than 6 months, all staff to be paid during this time, no online activities and no revenue based activities. Subscribers get an automatic 6 months extension.

Is that too harsh?

The claims here, the claims in regards to MH-370 that were made by the Telegraph, none of it founded and no actual evidence ever presented.

Why is this such a big deal?

As the Olympics evolved, the base need for honest and open competition is what allows for differences to be settled. The concept of the Olympics was also continued in other events, like the World Cup Soccer and the Commonwealth Games. These events go beyond the events on the field. It allows for trade discussions, diplomacy and other conversations that have larger impact, in some cases none of them an option in an official capacity. This is why I disagree with Nick Clegg on this.

Even now, I have been adamant about the need for President Vladimir Putin to speak out harshly against these separatists since the first day it happened. It is likely that he relied on the wrong advisers (as I see it), but to cut off options of diplomacy is NEVER EVER a good idea. Even now, we see news (at http://news.nationalpost.com/2014/07/27/vladimir-putin-facing-multi-million-dollar-lawsuit-for-aiding-separatists-who-shot-down-mh17-lawyers-say/) where the headline “Vladimir Putin facing multi-million dollar lawsuit for aiding separatists who shot down MH17, lawyers say“.

How is this even realistic?

Is there ACTUAL evidence that Putin did directly support in the act that resulted in the downing of MH17? Yes, I agree there are issues with the hardware the separatists have and I mentioned that the first day, whilst the press were all about the ’emotional stories’ (which is not journalistic out of place). The facts are there and they need to be answered, but that lawsuit is a joke. Consider the fact that Osama Bin Laden was a product of the CIA, trained to some extend and funded to a larger extent. Was President George W. Bush, Senator Charles Wilson or many others ever sued for 9/11? Both premises are equally ridiculous. I see them all as meagre attempts from certain individuals to claim income and/or visibility from where ever they can.

So, why this switch?

If any of these issues are to ever be resolved we need to keep one open path, one path no one messes with to remain. We need sports to remain to be about sports, so that those attending (not those who participate), to divert the conversation to non-sport matters. If we can keep peace through an innocent informal conversation, then by all means let us do that. Preferably without a group of bloody Murdoch’s miscreants making claims without producing the actual evidence trying to divert games towards a better ‘big business’ marketable environment. My reasoning here is twofold. First the quote as “We’ve seen millions of documents that prove without a shadow of doubt that corruption was involved”. Were these people really that stupid? The one true rule here is that if it isn’t written down, it does not exist, would people state ‘in writing’ such events (people who should be a lot more intelligent than I am), or is it just a bluff? You see, evidence (or not) did the press not have clear, distinct and utter responsibility to produce and print this evidence? The people who have been hiding behind every sleaze report with pictures stating ‘the people have a right to know’, now suddenly they hide behind innuendo and silence? That is part of the picture I have a problem with.

The old reasons are now clearly in focus.

Sport should be about sport and sport alone. The people in the field are all about that what they excel in and as such, it might be the only true entertaining excitement left to us. This atmosphere will always allow for officials who are admiring their team. What was more endearing, more powerful and more sportive then seeing the Royal Dutch family amongst the Dutch, all in Orange, cheering for their team! What a massive adrenaline jolt it must have been for those players to hear their own royal family cheer for them! Is anything more amazing in sports? Is there a chance that his royal highness, King Willem Alexander of the Netherlands shook hands with an official from another nation, perhaps starting a conversation? The fact that Angela Merkel and Vladimir Putin were there for the match and had a conversation can only be a good thing for all kinds of reasons in the long run.
We seem to forget these old reasons. We get the sports, but foremost, we get the commercials and we get clobbered to death by sponsors with their trinkets, foods and drinks. That last part is the part too many are catering to. The bringers of news (especially in paper forms) are at least one third advertisements. Income is dwindling here and papers are more and more about keeping their (possible) advertisers happy. Even though these politicians can hold talks anywhere, allowing them to hold onto as many as informal places as possible is a given need. So, as such, for now, I feel that Moscow 2018 should continue.

If not, then Moscow should have never won the bid in the first place.

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Filed under Law, Media, Military, Politics

Tagged as Ancient Greece, Angela Merkel, CIA, CNN, Commonwealth Gaames, corruption, David Cameron, FIFA, Gaza, Greece, Hans-Joachim Eckhart, King Willem Alexander, MH17, Mohamed Bin Hammam, Netherlands, Nick Clegg, Olympics, Osama Bin Laden, President George W. Bush, President Vladimir Putin, Qatar, Qatar 2022, reuters, Rupert Murdoch, Senator Charles Wilson, separatists, the Guardian, The Telegraph, Vladimir Putin, World Cup, world cup 2018, World cup 2022, World Cup Soccer

June 30, 2014 · 13:43

Exit strategies anyone?

Today is an interesting day. The article in the Guardian (at http://www.theguardian.com/world/2014/jun/28/european-union-exit-will-harm-britain-says-cbi) is well worth reading and in addition, I must state that I am not sure whether I have made up my mind what would be the best course of action. I have been on both sides of this and I am currently on the fence. First of all, the UK must do what is best for the UK and beyond that the UK should do what is best for the Commonwealth. I personally think that this is the status as it should be at the moment. The question becomes whether Europe is the best for the UK. I am not talking about the Juncker issue (even though that seems to be part of any decision), but where should we be? The headline states “EU exit will harm UK, says leading British industry group“, yes THEY will talk in their own interest, they always do. The Eurostat numbers are unconvincing (at http://epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/2-22012014-AP/EN/2-22012014-AP-EN.PDF), today’s reserved savings are tomorrows signal to abundantly overspend funds, that much has been seen again and again ever since 2009, when the taps should have been closed. This is also at the heart of the matter for what is best for the UK. And in all honesty, the UK has overspent their quota a fair bit too. Now we have a new issue. Up to 2013 we got to see a picture from some of the more decently reliable sources, yet, now later in 2014, there is almost nothing on the projected and actual numbers for 2013. There lies the hidden issue, it is not that there is little, there is too little information now, so who to believe. When governments are not boasting, they are definitely hiding some issues under the carpet and those issues will impact the UK too. I will not bore you with the numbers UKIP gives us (at http://www.ukipmeps.org/uploads/file/Cost_of_the_EU_25_5_11.pdf), they are talking their own brand of flavour, as would Prime Minister David Cameron, but where is the truth?

My benefit here is that I speak half a dozen languages, which gives me additional sources. The ‘Nederlands Dagblad‘ gives us (at http://www.nd.nl/artikelen/2014/februari/28/lagere-overheden-verwachten-te-hoog-tekort) the following: “Gemeenten, provincies en waterschappen verwachten dat hun begrotingstekort dit jaar uitkomt op 3,7 miljard euro. Dat is zeshonderd miljoen euro meer dan volgens de afgesproken norm mag” [translated] “Municipalities, counties and Water boards (a flood control and water resources management group) expect that their budget shortage will total at 3.7 billion, which is 600 million more than agreed upon“.

So the Dutch are already coming up short at present. This does not mean that this will be the end result! At http://www.bnr.nl/nieuws/beurs/487506-1302/liveblog-economie-krimpt-begrotingstekort-naar-33-procent-in-2013, we see the mention that the Dutch will have a budget shortage of 3.3% in 2013 and 3.4% in 2014. How much of this is correct, and when were some projections made?

We see the Dutch news on how the American economy is down 2.9% and that Bank managers are now getting a sizeable raises, yet the overall shortages of the Dutch is not really discussed on sites with above average reliability (like the NOS). The only one in a ‘happy happy joy joy’ position is Germany who now seems to have a budget surplus. Again, the harsh cuttings Germany did from 2010 onwards paid off, but they seem to be the only one. France deficit was set at 4.1% for 2014, so as we see the list grow, is it truly a good idea to stay in the Euro group? Industrials might think this, but they will not be confronted with the financial measures that will hit the UK and its taxpaying citizens. I was at first in the same boat where I thought that going out of the Euro was a bad idea, but as we see the growing concern of nearly all EEC countries going over the deficit limit, can the UK afford to stay in there? Moreover, will staying in until 2017 turn out to be a dangerous issue?

This is part of the issues, which I have stated before. When, not if the American economy goes over the edge, those in deep debt will get a new approach to humility. That part is still a dangerous situation for the UK as well (with a balance of almost minus 1.5 trillion). So, the dangers of additional debts from Europe would cripple the UK as well. This is as I see it part of the reason why the UKIP got such a huge success. The bulk of the politicians and all the other parties have been dancing around the economic situation. Most people have noticed it and 26 months of ‘feigned’ economic recovery is nice for the industrials, yet the people have not seen ANY improvements in their lives, which is the centrepiece of all the stress out there. This is part of the situation all are avoiding.

If we consider the Independent (at http://www.independent.co.uk/news/uk/politics/tony-blair-nigel-farage-and-ukip-are-deceiving-british-public-and-holding-back-the-unemployed-with-immigration-rhetoric-9472289.html) we see another side. I would be willing to agree with this, yet the voice of Ed Miliband is not giving decent clarity and David Cameron is voicing the need of big business (to a larger extent), they all are talking in their own fast lane and the people end up being not in any good place.

Even now, less than an hour ago, Ed Miliband is quoted by Reuters as ‘looking to shed the anti-business label‘, which gives a lot less security to the people. In this confusion Nigel Farage is cleaning house as he is stating what people seem to want to hear. The correct critique remains how truthful are his statements?

This is what is driving the people in regards to an exit strategy. As the news is playing a game of what I personally regard as ‘managing bad news’ in several nations, the people are catching up and losing faith in governments in general. This is partially driving the demand for a European exit. The people are losing faith in the ‘facts’ as presented, because good news gets overinflated, bad news is managed and the press seems to help out governments and big business in not giving proper tallies, as too many are depending on advertisement funds (often from Big Business). We all seem to watch a weighted scale. Under those conditions, many prefer to go it alone and see that part return. Let’s not forget that before the Euro, the UK was in a pretty good position. The entire mass flocking to UKIP are remembering those days and they are hoping that they will return to these days and UKIP is talking right into that alley of expectations.

In regards to the article with the quote involving Tony Blair “The answer to the white, working-class unemployed youth in alienated communities in Britain is not to tell them their problems would be solved if there were fewer Polish people working in the UK, he said“. I tend to agree, but the truth is that these Polish workers seem to be getting some jobs and this is causing more stress with those desperately seeking work. I am not voicing any anti-Polish thoughts, the question becomes how did they get those jobs and more important, if this is how some businesses are getting cheap labour, why is this not dealt with in regards to unfair working conditions. The Telegraph (never a great source for quality info) is publishing articles on how 10% of a company is Polish. This is getting to the people, who do not look at the whole picture. The Independent is bringing us a much better story quality wise (at http://www.independent.co.uk/news/uk/home-news/migrants-in-britain-a-decade-on-the-poles-who-brought-prosperity-9278710.html). The article by Emily Dugan shows the story of a Polish entrepreneur, who because a success through hard work, employing dozens of people. This Radomir Szwed shows another side, one that does not get illuminated that often. It is a story all should read, only to show that immigration is not a source of job losses, but one that brings jobs too, yet the Telegraph is not that likely to bring such a story.

All this brings us to a less appealing story in the Guardian (at http://www.theguardian.com/politics/2014/jun/18/nigel-farage-far-right-european-parliament). As the power of Nigel Farage grows in regards to his European side whilst joining with former members of French ‘Front Nationale’ and a more extreme viewed Swedish party, the issues will continue. Even though there is debate on Nigel Farage, he sees himself as the person to voice the needs of Britain, a voice Prime Minister Cameron lost when his opposition to Juncker was defeated 26-2. If Nigel Farage delivers any victory for the British people in any way, the powers in the UK will change leaving the Tories very little options in regards to the EEC. Will David Cameron be forced to call an early vote to exit Europe? Perhaps Nigel Farage will have that option as he currently has the strongest options in Europe. However, not all is well in that regards either, now the votes are done, we see a splintering in what was a solid danger. Some are re-establishing themselves and some are defecting to the new Le Pen group. So, not all is quiet on the eastern front with the EEC.

These matters will bring question to any exit strategy we see on the European front. No matter what happens, until the people get some clear information on how the debts are, where they are and how deficits are going as well as their own options, there will be no relief. The party that brings the best story and adds true relief on the hardship the people in the UK currently have will get a massive spike in votes.

I am not sure any exit strategy will bring that, yet, when we consider the response by Richard Branson (at http://www.virgin.com/richard-branson/why-an-exit-from-eu-would-be-bad-for-british-business), my response is that this is not a given either. If we see what some Commonwealth partners are agreeing to within the TPP (Trans Pacific Partnership), then we are seeing how politicians seem to be lining American Big Business pockets, whilst not overly protecting the their own local interests. This will in the end hit back to the UK as well. Consider that these Trade Agreements are not at all discussed out in the open (which makes sense until some point is reached). It seems to me that the UK needs to talk to Australia, Canada and New Zealand at that point. Because not only will the TPP impact the UK, whomever signs the TPP could be in for a long rough spell whilst US and Japan will hunt down a new currency, which is no longer the dollar, but a currency named IPR (Intellectual Property rights). IPR will be the new gold over the next 10 years. Those who have enough of them survive.

This is the unspoken side of the exit strategy. As the EU is chained to the US in several ways, the UK must secure its future in any way it can, yes we must all get rid of our debts, but in equal measure the UK will rely on its entrepreneurs, which includes people like Radomir Szwed, that is the side UKIP is not really talking about and their immigration changes would have negatively impacted the UK.

I remain on the fence on whether the UK should or should not leave, but complete clarity is a must which is a side the press, in all their whining after the Leveson trials have remained awfully unclear about.

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Tagged as big business, David Cameron, Ed Miliband, Emily Dugan, FN, Front Nationale, Germany, IPR, Juncker, labour party, Nigel Farage, Prime Minister David Cameron, Radomir Szwed, reuters, Richard Branson, The Independent, The Telegraph, Tony Blair, TPP, Trans Pacific Partnership, UK, UKIP

April 10, 2014 · 12:57

One debt too far?

I feel interestingly happy today. It is almost like I got the big role in the new Alice in Wonderland play. As i am a guy, some will think it is the role of the Mad Hatter or even the March Hare (there is supporting evidence that I am mad as a hatter and nuts as a Hare), but no! Those are not the leading roles. The leading role (apart from Alice) is the Cheshire cat, who was guiding Alice down the path.

The reason for these, are the events as I saw them this morning in the news. These events all took me back to my article on the 19th of June 2012 called ‘The accountability act – 2015‘. My quote ‘This is about stopping those walking out with non-existing virtual profits, turned into real money, and leaving others behind to clean the mess‘, is at the centre of that all.

This is all linked to a number of things, which by the way will have bearing on the Ukraine as well. The first is the article that we saw on Sky News (at http://news.sky.com/story/1239678/imf-warns-investors-over-rock-bottom-rates).

We see two quotes. The first gives us the warning “Investors are becoming dangerously reliant on rock-bottom interest rates, with many becoming so indebted they will face serious problems when borrowing costs rise, the International Monetary Fund (IMF) has warned“. The problem is that these investors include several governments. When we see in that same article “the amount of cash spent on leveraged loans – the high-debt instruments with financial problems – now exceeds the level in 2007 before the crisis“, we are starting to see a clear pattern. In my view this pattern is that those who were in charge are doing it again. Those who wielded certain options are now doing it behind the screens. They are servicing a ‘population’ of what I consider to be not too bright members of a government executive branch and as such the fallout will be well beyond what we considered possible before.

The last quote “The IMF said it was also concerned about the levels of debt in the emerging markets” is the one I leave in the middle for now, I will however get back to this one later in this article.

The second article comes from the IMF themselves (at http://www.imf.org/external/pubs/ft/survey/so/2014/POL040914B.htm) “Across advanced economies, the pace of fiscal consolidation is set to slow in 2014 as focus shifts to how to best design fiscal policies supportive of both further consolidation and a still uneven recovery“.

This reads as ‘In the US, EEC and Japan, the pace of reducing government deficits and debt accumulation will slow as governments are staring at designs of new fiscal plans for consolidation in the near future’. There could be other explanations, but consider that these three players have been utterly unable to close their wallets. They keep on overspending many billions (in the case of the US and Japan up to a trillion) of money they do not have. Over the last several months we have witnessed bad news management on many PRESS levels, whilst not actually looking truthfully at certain events. I will not insult the reader’s intelligence by quoting the LA Times in this case, but the headline that ‘the Global Economy is strengthening‘ reads like nothing less than a joke. The article read like a promotion page, with no real value, other than the percentages they were ‘boasting’ about. For the record, the US leading the way with less than three percent whilst Chinese growth is set at well above 7% might be correct, yet in the second part the US was leading as one of the developed nations, implying that China was not a developed nation, go figure!

The issue (as not shown by the LA Times) is that there are delays with the US for the IMF. In a quote from Australian Treasurer Joe Hockey, the following was phrased by ‘the Australian‘ “Senator Ted Cruz said that the package would unfairly raise US contributions while undermining its influence” (paraphrased).

This reads wrong in several ways. Is the IMF not supposed to be impartial in all this? The mission statement of the IMF (at http://www.imf.org) states “The IMF’s main goal is to ensure the stability of the international monetary and financial system. It helps resolve crises, and works with its member countries to promote growth and alleviate poverty“, it might just be me, but does that not require an impartial approach? If the US has too much influence here, how can stability be achieved, or is this the world according to ‘the US congress’? (I will steer away from blaming the White House here, as the IMF is supposed to be a long term planner and the White House is a short term location, in sets of 4 years).

It is however interesting how little there is to find on US Congress and the IMF, even by the larger newspapers. I was able to find http://www.reuters.com/article/2014/04/07/us-imf-reform-britain-idUSBREA361BX20140407. This article was published two days ago and it is interesting to see how many newspapers veered away from this Reuters article. Reuters had this quote “The failure of the U.S. Congress to ratify the agreed IMF reforms is bad for the institution and bad for the international community“. The additional part “A bid to get Congress to approve reforms of the IMF was dropped last month amid concerns that it could hold up a bill providing aid to Ukraine” as well as “The White House has been urging Congress for a year to approve a shift of $63 billion from an IMF crisis fund to its general accounts, as agreed by the U.S. government in 2010” are cause for concern. These payments were due for the IMF long before the Ukrainian crisis was on the map. So is this about not having any influence, or is this an early signal that the US has completely run out of money?
Yet a Chinese site (at http://english.cntv.cn/2014/04/08/VIDE1396947727947648.shtml) shows us that in their view with “The Spring gathering of the International Monetary Fund is approaching. China, Russia and other major developing nations are angry about a delay in reforms that give them more voting rights at the IMF. Now the countries are pushing forward with the reforms without waiting for the United States“, so now we get another view on the matter, Was Australian Treasurer Joe Hockey playing nice with the Chinese, or is there more? I personally do not think that he was ‘just’ playing nice. I have predicted before that the time with the US as a superpower would end. I have stated this for almost a year now. No matter where the interest of Texan Republican Senator Ted Cruz are and I have no doubt that his interest is Texas first, America second and his family third. Before you the reader thinks or even accepts the allegations by some that he is some newly formed version of the infamous McCarthy, then think again! When I did the math in a previous article called ‘Biased Journalism on USA shutdown?‘ which I wrote on October 1st 2013. Here we saw that Texas is one of only three states that could shoulder the national debt if it was evenly spread. So, to keep Texas strong, Ted Cruz has a fair point in regards to the IMF influence, but that is not what the IMF is about and it is Washington DC that went along with that, which means his hands are slightly tied.

The IMF article has set out that people are playing profit or government bail-out again (they did not state that, but the article implies it to some extent). The governments are not speaking out against these acts and as such we could face another massive economic setback in early 2015. In a minimal defence for Republican Ted Cruz it must be said that the IMF and the EEC are on a dangerous course. The Guardian is filled with messages on how the crises seems to be over and on how Greece is turning a corner towards better times. This is done at a time when it still needs another 8 billion; unemployment rates are at an all-time high and with European incomes remain dwindling down, Greek tourism is likely to remain far below levels for another 2-3 years.

It is the Catholic charity Caritas (at http://www.theguardian.com/world/2014/mar/27/europe-economic-crisis-worse-caritas-report) stating “disturbing levels of poverty and deprivation being noted among children and youth“. This is at the centre of the issues that are enveloping Spain, Italy and Greece. In addition a 114-page inquiry into the human cost of the crisis also mentions Cyprus, Ireland, Portugal and Romania. This might not be at the centre of the mission statements that the IMF goes by, yet these industrial nations rely on workers, the fact that these nations are in such a state is a clear signal that several governments are not up to speed to give the needed aid to those people. This is not in regard to the intent a government has, but the IMF signals seem to be lacking certain reporting flags at present. the Catholic report is a first clear signal that those ‘happy happy joy joy‘ reports that economies are getting better are basically skating around the issue that is holding many down and for some considering the statement that ‘these two issues are not connected‘, should consider standing in a corner staring at the wall and feeling ashamed for even considering the thought to begin with.

Now, I promised to get back to the Ukraine as I stated in the beginning. When we consider last year’s BBC article (at http://www.bbc.com/news/business-13366011), we saw that between 2009 and 2012, Germany was the ONLY nation who had its budget set correctly. The rest was short between 1% and 10% of their budgets. It is nice that these nations speak on percentages, because those shortages go into the hundreds of billions for some nations. The twelve nations represent over 53% of the entire EEC giving a summed deficit of 13.2 percent. This in itself is not a fair assessment, so let’s turn this around into a number. This number comes down to minus 546 billion, which is just the deficit for 2013. So, the governments are not keeping their balance in any way, in addition, we now see that investors are slowly playing their ‘games’ again. There was a rush on Greek bonds, because the evidence is coming that these people will get their money no matter what. So, why do we have any form of bail-outs? It is clear that overspending is not punished, so the entire Austerity posturing seems like an empty threat. I am all for helping out those in need, but it seems more and more clear that those ‘in need’ are not doing their part in cutting down on spending in any way, shape or form. So when (not if) the train goes off track, those smaller nations will be left to their own devices, ready to get exploited by all bigger companies to get their dividend. With the larger players India and China, it seems that US companies and bigger players want cheap nations for whatever market they want to get to. In such sights is it even a wonder how areas of the Ukraine are now in fear of what comes next?

That part is shown in several ways. Even though there is now such a boasted evidence of corruption in the Ukraine as the involvement of the ‘former’ president Yanukovich. Yet, if we accept and use the paper 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), which I mentioned on March 18th, then there is no way that corruption is limited to one side of politics. Corruption in the Ukraine is too wide spread and any player above a certain level has to be tainted to some level.

It is still puzzling why the EEC and the US are so set on the Ukraine. Why set yourself up for these levels of costs? Why get in bed with the Ukraine, whilst the bulk of the EEC has overspent by well over 500 billion. Is it any wonder that some Ukrainians are frightfully running back into the Russian arms? If we believe the Russia Today, with their headline ‘US wants to destroy Ukrainian ‘bridge’ between EU and Russia – German intellectuals support Putin‘ (at http://rt.com/news/germans-support-putin-ukraine-265/), then we see the view of a struggling USA, who reports a nice number, but when payments are due, America will only be able to do so by taking another debt ceiling hike, which places them well over the edge of bankruptcy. I have some issues with the article for other reasons. Yes, the EEC wants to keep a good relationship with Russia, if only for the reason that most of Europe relies on cheap Russian Gas, which, when absent will push the bulk of the European middle class squarely into the poverty bracket. I am just wondering whether retired German Air Force Lieutenant Colonel Jochen Scholz was hoping to get a free training course in flying the Sukhoi T-50 stealth fighter, making him the first NATO officer to ever be allowed in ‘new’ state of the art Russian equipment (this is an insinuated assumption on my side). The article has a few more issues that are slightly too vague, but the sentiment is not incorrect. The American Anti-Kremlin approach in an age of non-accountability in the era of finance is an issue for too many people. So here is me, the Cheshire cat, all smiling and smirking on events currently playing out.

If the accountability act was indeed a reality on all Common Law nations, certain games would not be played and as such nations (the US, all EEC nations as well as Japan) would be in actually movement out of a ‘debt abyss’ and not at the whimsy of high stakes investor poker games where when it works they get a large bank account, if it fails they will get bailed out by the governments in some unnamed way, which does not seem to get a massive amount of press visibility.

So here we have it, what I evangelised from the very beginning or my blog. The world can be a better place, especially if people are held accountable for their actions. That part gets even more visibility when we notice a lack of press visibility ion some regards. When we see the Standard, a UK newspaper (at http://www.standard.co.uk/news/uk/press-freedom-debate-royal-charters-are-medieval-piece-of-nonsense-8898388.html) where it is all about the issue as “Media heavyweights have branded the government’s proposed royal charter for press regulation a ‘medieval piece of nonsense’“, yet only a little over a week earlier when the Telegraph reported (at http://www.telegraph.co.uk/news/worldnews/asia/malaysia/10720237/Malaysia-Airlines-crash-Suicide-mission-theory-of-MH370-investigators.html), how the MH-370 was a ‘suicide mission’. A piece that was so bad that it’s journalistic value was less than the photo that the Sun used to publish on page 3. This happened before the plane was found, without a black box, lacking in facts, but with a photo of a cabin crew member on page one of the newspaper. At the same time, the issue of the US Congress in regards to the IMF reforms, as stated by Australian Treasurer Joe Hockey has not made any non-Australian papers. So, again, as I have always stated, there should be freedom of the press, but there should also be accountability, which is exactly what Lord Justice Leveson had advocated. Perhaps some regulation would not be too far out of context as we see a lack of informative journalism and a still unhindered tsunami of paparazzi based articles.

If we are truly one debt too far, is it not time for accountability to step in?

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March 27, 2014 · 20:31

Setting the stage

The Ukrainian escalation is slowly seeing some events, but not in a good way. We have seen several speeches as well as actions against certain heavy weight big wigs in-crowd at the Kremlin. Will these actions hold weight? Time will tell. I went over several facts in the blog article ‘Strongarm, Intimidate, Terrorise‘ which I published on March 18^th. I also made a coalition mention in my blog article ‘Foreign and Domestic‘ on September 12^th 2013, where I stated at the very end “that view might partially depend on the steps the growing New World Order coalition of Russia, China and India will take“. In the last two days we saw the following events.

1. India, Russia to sign deal for anti-tank ammunition (source: The Indian Express, et al) for $2.4B.
2. Crimea Crisis Pushes Russian Energy to China from Europe (source: Bloomberg) for $350B.
3. Private Chinese firm to buy 100 regional Sukhoi jets (source: Reuters, et al) for $3.5B.
4. ONGC, Russia’s Rosneft may join forces on oil flows (source: Reuters).

This is just in the last two days. So, yes, we might think that we are putting economic pressure on Putin, but are we?
The last mention is that if we persist, there is every chance that the cheaper gas meant for Europe could be redirected to the Indian consumer. That is exactly the fear I voiced in the story involving the Crimea (Strongarm, Intimidate, Terrorise). The Reuters article also states “Rosneft said it had also agreed with ONGC they may join forces in Rosneft’s yet-to-be built liquefied natural gas plant in the far east of Russia to the benefit of Indian consumers”, which implies that Russia will get additional Dineros (aka loads of money) to build that plant, or at least parts of it.
Europe basically has agreed to a spitting contest which could cost them. There are still moral sides to consider, both sides states that they are correct and Crimean’s who saw a loss of income for thousands of households and desperately tried to save them to remain with Russia. The Ukrainian top really did not think that part through (as I see it). Did they think that forcing Russia to Novorossiysk, leaving the Crimea without one of their biggest consumers would not have an impact? I still have questions on the legality of the ‘transfer’ from Ukraine to Russia of the Crimea region, but I do not have a proper view on the legitimacy of the referendum as such (from a pure legal point). The fact that this is what the Crimea people themselves want (for a massive part) is largely ignored by the press. I will state that the NOS at least tried to talk to a few of these people and many wanted to return to their Russian past (they were also very assertive in not letting others talk on their Ukrainian view).
So what will happen next? Let’s face it, 4 deals do not make for a Chinese, Indian and Russian summer party, but these are massive deals and this shows that the coalition growth I expected is now showing more rapid growth, likely because of the Ukrainian events. For me, I am a business man and as such, I have downloaded the Sukhoi S-100 PDF’s and see if I can start a trainings company to train the Chinese crews on using the flight and navigation instruments of the Sukhoi S-100 (just me trying to get creative). 100 planes mean at least 400 crews, which is 800 pilots and 400 engineers, so 1200 prospective trainees to train. At $750 a day, I could be employed for at least 3 years. So that might be an option as life in Sydney is pretty expensive. People might snipe at this thought, but consider the ego contest we see growing in west versus east. There is every indication that energy prices are likely to rise by unacceptable amounts soon enough. We see that governments are more and more selling off their healthcare and other services to meet budgets, which means more costs for the consumer soon enough. A step by the way for which a government cannot get faulted, but we the consumer still get to pay the bill.
As unemployment rates are still growing to the extent it does, we will have to look at alternatives. If we are willing to work hard, then it is not the worst idea to consider Russian companies like Sukhoi and Chinese companies like Huawei. The next wave is for those who are willing to put in the hours and as several businesses want to grow into several domestic markets, which they will one way or the other.
So getting out there and set the wave so you can be there at the beginning and get to the higher level of the pyramid when it grows above the others is never a bad idea.
Should you get questioned on basis of morality of choice then consider the powerbrokers of Wall Street who got millions after the 2008 crash, The events around Silvio Berlusconi (not the intimate ones), Karolos Papoulias, President of Greece who was in office when the Goldman Sachs creative accounting event was discovered. It is not the question whether he knew what was going on, as president the Euro will stop at his desk in the end. The Finance ministers over that period were Georgios Alogoskoufis, Yannis Papathanasiou and Giorgos Papakonstantinou. Giorgos Papakonstantinou was the person revealing what had happened before he took the office and negotiated the initial 110 billion Euro loan, which makes his acts the one of high moral fibre. The list goes on and on and on. So, consider that many high elected holier than thou politicians have often taken the coin road as this was not illegal or criminal, it is just the cost of doing business. When it comes to businesses there are even more questions. When we see the bad deal the people at Boeing got, as reported by several media outlets in January 2014 as well as the technical issues we see popping up with the Boeing 787 Dreamliner. We have been looking at American companies for too long, perhaps it is time to look at areas where the runner up is hungry to become the biggest one, as they could be the source of your next good meal. So several elements are slowly setting the economic stage for 2014 and 2015.
If your livelihood is in jeopardy, where will you look next?

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Tagged as bloomberg, Boeing 787 Dreamliner, China, Europe, Georgios Alogoskoufis, Huawei, India, Karolos Papoulias, reuters, Rosneft, Russia, Sukhoi, Sukhoi S-100, The Indian Express, Wall Street, Yannis Papathanasiou and Giorgos Papakonstantinou

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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March 9, 2014 · 17:39

Is gender equality too futuristic?

This is not an article for many. Some will be livid, some will be outraged and many will be angry. Yet, will my view be wrong? This is at the centre of what some call the future of women in high positions.

If I compare it to Law School, then we have our share of women, most of them highly intelligent, many of them no less to Law savants. The last one might be regarded as a cheated achievement, as they usually come from parents with law education or even law practices. They do have a benefit, but to make it in Law, you cannot get by on daddy’s (or mommy’s) tailcoats. You are either truly good, or you won’t pass past your first case. For me in most cases, it almost feels like cheating, as I would be a 1^st generation law graduate. I had to do it alone, no daddy to help me (thank god that the alcoholic is dead). So, there is no anger or envy towards these male of female co-students. As we see how these women are now growing the ranks of the senior, partner positions and the silks of the bench, we see how women are not just up and coming, they are growing the waves of the future benches of the courts. This is not a negative issue for me. As the women had grown in the legal profession from the 80’s onwards, they are now becoming the future of the high courts. In that regard I recall my first year mentor. She was not just bright, she was part of a team that wiped the floor (OK, the proper term is victorious) against the Oxford Law team. even though India won, the fact that both groups outdid Oxford should give you a clear view on how good you need to be. If we see the perception of many students, the regarded rankings like Oxford, Harvard and Yale (as we see Ivy League schools), then the University of Technology Sydney (UTS) did a mighty fine job.

How is all this connected?

I am getting to this. It is first important you see the views I have and the way I got to my view.

So what started all this? Well, yesterday the following tweet passed my screen:
“UK Prime Minister @Number10gov Mar 8
Tomorrow is International #WomensDay – see how UK govt is supporting & celebrating this year’s #InspiringChange theme http://ow.ly/ulkZ4“

It came right after a tweet By Neelie Kroes (@NeelieKroesEU)

Her headline on Twitter is “I am Vice President of the @EU_Commission leading @DigitalAgendaEU and #ConnectedContinent plans. I am fighting like hell for a EU you can believe in. Global (based in Brussels) – bit.ly/KroesNeelie“

I remember her as a politician (when I was living in the Netherlands). I never saw eye to eye with her views, but I do no hold that against her. What is important is that she is extremely intelligent. I reckon that if Albert Einstein would have been around when she turned 21, his words would have been “Whoa girl, you’ve got skills!” Let’s, be certain about the fact that he would refer to her political skills, not her skills in physics. Basically, she is one clever lady is the view of many.

My issue is all about the International Woman’s day as some ‘portray’ their support of it! I am not against it in any way, but let us take a look at the other side of this.

This we see at http://www.canberratimes.com.au/act-news/adfa-skype-scandal-cadets-sentenced-avoid-jail-20131023-2w0hz.html, where we see the quote “The woman told the court last week that she had been bullied and ostracised across the ADF after details of the Skype affair became public. She said she was offered little support, and was referred to as “that Skype slut” by her peers. The victim said the incident destroyed her life and forced her to leave her dream job in the military.“

The two men got a 12 month good behaviour order. The interesting part is that the media seemingly buried it after August 19^th 2013. Interesting how little exposure these issues get. I found two more items as they were places after the August date, yet this one (at http://www.radioaustralia.net.au/international/2013-11-09/adfa-cadet-daniel-mcdonald-sacked-over-skype-sex-scandal/1217280) seems to add one more item. The quote “Today, Defence released a statement saying McDonald had been told it intended to sack him in mid-September and after giving him an opportunity to respond, his services were terminated as of last night“

So how should that be read? He was offered to walk or get booted?

This is not an isolated case for the military on a global scale. The header ‘Conflicting accounts open U.S. Army general’s sex crimes trial‘ (at http://uk.reuters.com/article/2014/03/07/uk-usa-courtmartial-sinclair-idUKBREA260OK20140307) gives a clear view that we are not anywhere near ready for an International Woman’s day. As we see these transgressions go on and on. In addition, as we see the media staying as blasé and diminishing the exposure of such events, then you tell me how fair it all is. When we see a celebrity drink too much, EVERYONE shows it off to the maximum of the gettable coinage possible, which includes the Washington Post, the Guardian, USA Today, the Huffington Post, Reuters and such large ones. When we see the General being accused of these acts, the amount of newspapers that make it to Google page 1-3 is pretty laughable (even though the big ones mentioned earlier are also there). Why the military? Well, it is pretty much the last bastion of testosterone. When women get an accepted place without the psychic and physical assault dangers, then we are truly entering a new area. If you want to disagree with my view here, which would be fine, then compare the hits you get when you compare the allegations between Brigadier General Jeffrey Sinclair (US Army) and PR guru Max Clifford (UK publicist), so even though the UK is only 20% of the US, Mr Clifford gets 500% more hits on Google. As this goes into the millions I decided not to look at all of them, but is there any value to the conclusion that a PR guy is bigger coverage, or that the media does not ‘regard’ the alleged transgressions as such important news. The General did plead guilty to having an extramarital affair with the captain.

So why do I have this issue? As mentioned before I illustrated the evolution of Law staffing. A Dutch research showed only a few days ago, that the incomes are changing. Within the younger population, income between the younger populations of gender has changed. The women are now ending up with a better pay package. This is in my view clear evidence that not only is there more equality; the game is changing in a better respect for all. If both sides of the gender path will get the same chance to get the high coin, then we are entering a competitive field where the victor takes the spoils, no matter what gender the victor is, it ups the game and all will become better competitors because of it.

Yet, if we see the article CNN placed last year (at http://edition.cnn.com/2013/10/15/opinion/chemaly-tech-leaves-out-women/) we see a clearer view on why I think that there should be an International Woman’s day, but at present there is no reason to party on that event. I must state that I do not completely agree with Soraya Chemaly on her article ‘In tech world, women ignored‘. The reason for this is because as I got my training and degree in IT, the amount of women I saw was a massive minority. When I got into the data game in the 90’s, the women represented a presence of a mere 5% would have been overstating their presence. If getting to the top takes 12-15 years, then it will be at least another decade until we see a visible level of female presence in the tech world. There is however another side to this. When we consider tech PR companies like ‘Panache PR‘, we would see that the founder Cathy Campos is regarded as a global authority in the gaming industry. I met her in the days of Robert Maxwell, as she was the visible side of the marketing of Mirrorsoft (1989) and her drive to market the visibility of games by the visionary Peter Molyneux were ground breaking. She is not just accepted by all, I reckon the newbies in this field will consider an internship with someone like Cathy as the start of a possible golden future.

One of the statements I do not agree with is “The tech industry has a well-documented pipeline problem, one largely the result of gender stereotypes that reach into the educational system” Really? When I was into gaming, meeting any woman who was into games was regarded as a joke, both genders thought of games and gaming as uncool, nerdy and not worth the effort. That view only seriously started to change around the time the Xbox 360 was announced to become the hot potato of the future. So, basically, in that tech field women are less than one console generation old. When we look back to the early years we see the names like Roberta Williams (Kings Quest and a few others), Jane Jensen who worked with Roberta Williams on KQ6. Dona Bailey, who is an Atari Legend as she was one of the founders of Centipede, which is still regarded as one of the better arcade games of all times. Lastly there is Graner Ray who worked on Ultima VII (my favourite RPG series). She entered this field late in the Ultima series, but giving it artistically a unique view. So, when we consider these 4 women to be at the foundations of gaming, is it a wonder that the female population in this tech field is still small? Nowadays, we see a much stronger female representation in the gaming field, and many of them are outstanding in their own rights.

This is why I do not completely agree (not opposing either) the view we see at http://www.polygon.com/2014/3/7/5408194/how-smarter-schools-can-help-break-the-game-development-boys-club. I personally have never cared about who wrote the game, only that it was a good game. Consider that Kings Quest was one of the first PC games I loved. It was made by a woman and that never mattered.

So is it about the game or the developer? This is why I opposed the quote from Soraya Chemaly “Controlling women’s access makes men keepers of speech, keeps sexist status quo“. No! The gamer wants a good game, value for money, so anyone can get into this field with a good product. I reckon that especially in places like India, women could grow into this field as they offer originality in gaming through iTunes (iPad) or Google play (android). I reckon that 6 successful new female developers are all it takes to prove my hypotheses in this case. As additional female developers enter the field from MIT game lab and UTS (and other universities of course) we will see a clear shift. I do have a few questions to my own train of thought, which was caused by the quote I read (at http://www.polygon.com/2014/3/7/5408194/how-smarter-schools-can-help-break-the-game-development-boys-club) “Indie developer Mike Bithell tells us the lack of women in development ‘monumentally embarrassing’ for the games industry“. It raises my concerns on how wrong I might be, but is that because of the games developed, or by the games that get funding? You see, I focused on the gaming side, because that side I know from various sides. As I see women in Law proceed to the high places, I feel that my views remain correct. The ones who now will get the high posts are the ones I study with at University and they are truly good at what they do. That view is to some extend reaffirmed by the NY times (at http://www.nytimes.com/2013/11/12/opinion/great-expectations-for-female-lawyers.html). The quote “Of course, the attrition rate is high for men, too — but not nearly as high; in American law firms, the overwhelming majority of partners are men” shows that even though the men are in a massive majority, these are the partners that came from law school 12 years earlier. It took a while for new generations to get into these seats and as such the women we study with are likely to be the majority of high law ranks as they continue their law careers over the next 10-15 years.

When we get back to gaming we could see a correlation with the evolution of high placed women in gaming. If we accept the quote in the previous link affirms my position “Women make up only 11 percent of the total of those pursuing a career in the games industry as of 2005“. So, women do not select this track, which means that it will take some take until the top of gaming has an equal female representation. Yet, is there unfairness in this? When we see a current coverage of only 11%? So as time progresses we see 1 in 20 making it to the top, not because there is inequality, but because only 5%, which is half of the coverage proves to be that good and the math is on my side as I see it. That same math which predicts that over the next 10 years the women in high law positions will likely double, that same curve will apply to the gaming industry as women pursue in several fields they will take the lead as times passes. The issue that many ignore is that this evolution has been just a little over 2 generations and as we see the gender changes in fields, the growth of women in the area of visionary and evolutionary powers, moved to equality to encompass middle managers, which now leads to upper management, this is not a bad record.

As for International Woman’s Day, I am not against it, or against the visibility. The issue is that the field remains unequal, especially when the media is handing us a ‘stacked’ deck. How eager they are to steer away from certain trials, whilst in most of these cases they just spout the same ‘average leveled‘ information. The stacked deck is not in the direction that the BBC shows (at http://www.bbc.com/news/uk-18187449). As I stated my view, that over time the percentages have shifted and they are shifting even more, but consider the issues as we saw it in regards to Jimmy Saville, not just what he did, but as alleged how those around him are stated to have reacted and how the matter was dealt with for several decades, that part seems to be ignored to a larger extent. Even now as we see the events unfold, we see the Saville jokes, we see the investigation, but the ‘support system‘ around Saville, as he got away with the amount of events does not get the media scrutiny it is supposed to be getting. So, this is not just about the women in general, but the ‘old boy’ groups as they remained around for too long a time. This is the case that many articles made, but I personally see this as the ‘wrong side’. I would much rather see how we see that now in Law, and how women in new fields, like Technology, Gaming and other new areas can more easily inhabit these areas and they could be ruled by the best in the field, no matter what gender. That is the side that does not get enough visibility. It should and the media should use moments like International Woman’s Day to show what is possible, because if it is about inspiration, it should be about where opportunity lies, not just where some ‘stated’ view on the places where the uphill battle remains. This does not mean that I am now opposing my own words, but that it takes time to get women in these top positions, which they achieved within 2 generations (banking examples: CEO Westpac and Christine Lagarde, IMF). When we look at a new field like gaming, which is only now entering its second generation, women are on an equal field, as there is little to no historical entry to content with.

In the end a true visionary will always be successful and get funding, simply because being the first implies that this person is the best and new fields are always ruled by the visionary (closely followed by the evolutionary visionary). Consider this last point; would it have made any difference to the success of Facebook whether it was Mark or Marcia Zuckerberg who invented it?
I feel certain that this would not have made any difference to the global change it brought.

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Tagged as Albert Einstein, BBC, Canberra Times, Cathy Campos, CNN, Dona Bailey, General Jeffrey Sinclair, Graner Ray, International Woman’s Day, Jane Jensen, Jimmy Saville, Law school, Mark Zuckerberg, Max Clifford, Mirrorsoft, Neelie Kroes, NY Times, Panache PR, Peter Molyneux, polygon, Radio Australia, reuters, Robert Maxwell, Roberta Williams, Soraya Chemaly, the Guardian, the Huffington Post, the Washington Post, Twitter, UK Prime Minister, USA today, UTS

February 14, 2014 · 18:11

A senseless merger?

OK, as stated in earlier blogs, I am not an economist; I do not have any degree in economy! Yet, the information that passed my eyes less than 2 hours before has me slightly baffled. I feel happy that this all is happening in the US and not anywhere in the Commonwealth, yet, the issues as presented makes me wonder when this will hit the Commonwealth borders.

The issue is that Comcast has decided to buy Time Warner Cable. (at http://news.sky.com/story/1210921/comcast-to-buy-time-warner-cable-for-45bn) This is not a huge thing, we are in a civilisation where the hyena and vulture rules, hence mergers happen a dime a dozen and many of them before most have had a chance to enjoy their first coffee. Comcast has 21 million viewers and they are acquiring Time Warner with 11 million viewers. This all seems to make sense. Now for the kicker! This deal will cost Comcast $45 billion dollars. Are we all awake now?

So, 45,000 million divided by 11 gives us a little more than $4000 per viewer. When you consider that Cable TV is set at an average of $30 a month, it could take 133 months just to break even (providing this is all borrowed at 0%, which it is never). So there might be a price hike for all 32 million users of that cable solution.

This is not a chance to become the large bully, as they were described by a consumer group, but you must admit that this is about a lot more than just ‘adding’ new customers. Oh and by the way, this is happening less than three years after Comcast bought NBC for a little less than $14 billion. (at http://www.bloomberg.com/news/2011-01-18/comcast-nbc-universal-deal-said-to-be-near-u-s-fcc-approval.html)

The Washington Post has an interesting mention, which was not found at Sky News “It’s worth remembering that Comcast limits how much data its customers are able to stream from the Internet, while Time Warner offers unlimited Internet plans.” (at http://www.washingtonpost.com/business/technology/comcast-time-warner-to-merge-what-happens-to-my-service/2014/02/13/b285f81e-94b4-11e3-83b9-1f024193bb84_story.html), so there are a few more kinks that the customer base might face as the merger goes through.

This all goes far beyond just Cable TV. It involves 30,000 community Wi-Fi spots (amongst several other elements); this entire picture becomes a lot more ‘interesting’ if we take the merger of Comcast and NBC in 2011. This is not just about TV; it is about digital media on an unparalleled level. The merger stipulates the 33 million cable users, yet, does that give a real view of the picture? In the first regard the 45 billion seems ludicrous, yet when we consider community Wi-Fi, broadband (or better stated digital media and networking), it becomes an entirely different picture, especially when we consider the following information from Reuters (at http://www.reuters.com/article/2013/12/02/comcast-ondemand-idUSL2N0JC1S120131202). Now we get an entirely different picture. If we consider this quote “The new technology is meant to give TV networks a way to earn ad dollars from earlier episodes. Currently, most advertisers only pay for ads watched live or within three days after a show airs. That could change if Comcast’s technology, which it developed in partnership with Nielsen, is widely adopted.” and add the following case study (at http://www.sierratechno.com/sites/default/files/Turning%20Data%20into%20Customer%20Insights%20for%20Comcast%20Cable_0.pdf) we now get another view. This is about data, plain and simple, when we consider the value of collected big data in long term planning, having a data warehouse filled with the acts of 33 million people, the 45 billion dollar deal is a steal at twice the price.

It is in my humble opinion really funny to see all these people nag, complain and cry on what the NSA is alleged to be doing, whilst at the same time, their cable provider seems to be tagging them with a ‘value’ price tag for marketing, sales and identification. So what is the cable value of a customer at Hunts point, the Bronx (ZIP: 10474)?

So it seems that Comcast is getting their value on several fields, yet I am still in the dark why Americans are so against the NSA trying to find the people endangering their citizens, whilst giving big business more than twice the powers that many bargained for. It seems that this is not a senseless merger at all, yet do both consumer groups realise the powers their cable provider (slash phone, slash internet provider) ends up with?

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Tagged as bloomberg, Comcast, NBC, Nielsen, NSA, reuters, Sierra Techno, Sky News, Time Warner, Time Warner Cable, Washington Post

January 13, 2014 · 12:10

What is sent to the US?

What many feared, some justly, some weirdly out of sorts is now happening. Let us be fair, whatever is in the yellow pages, many will know and have and as such there is no ‘US monitoring’ going on. So what is going on? The fact that the story as leaked went from a possible sale of 3 billion, to slightly less and to now 450 million is quite a leap (at http://www.smh.com.au/business/telstra-faces-scrutiny-over-sale-of-sensis-20140112-30ooj.html ). The latest message in the Sydney Morning Herald shows an interesting graph. Even though incomplete (as in costs that are connected), the fact that that something is now getting sold at roughly 30% of the annual earnings is also unsettling. In my personal view, someone is getting pretty rich on this deal!

So, is this about the US? No, good business is good business. If they find the sucker punch solution where they buy something at 30% of revenue and they can hold onto it for 18 months, then the investor would have made a killing. It would be very good business. The question becomes whether we should question the sanity of Telstra. That question remains a question as the costs for Sensis remains unknown, but the fact that someone in the US is willing to dash out half a billion means that the numbers were done and to some it all adds up.

When we see the quote “David Thodey, has shown he wants to offload legacy businesses that face further declines in revenue, and reposition the Telco for the digital world.” we need to wonder what possesses a CEO to ‘reposition‘ the company at minus 1.35 billion dollars revenue a year. Yes, there might be issues at what the value of Sensis is worth in 2 years and that would be a valid question. The issue is that offloading business solutions that have proven themselves for a long time (the Yellow pages) means that the business atmosphere is changing.

So, do we see this as a Telstra stupidity? Not sure, it could be visionary, yet that is only known when the path comes to fruition. The issue that business spectator mentioned that Sensis could be sold for 3 billion before the weekend (at http://www.businessspectator.com.au/news/2014/1/11/telecommunications/telstra-may-sell-sensis-3bn) and one day later it goes for slightly less according to Reuters. The fact that the weekend diminished the sales price by well over 80% gives thought that someone’s breads is getting buttered (a lot). The last part give thought when we see the Reuters article quote “Goldman Sachs is advising Telstra and Gresham is advising the U.S. firm, the newspaper said.”

The fact that some of the Gresham people were formerly big wigs at Goldman Sachs makes me wonder even further. Is this just a business venture or is this the start of a few solid golden handshakes (and I mean solid 24K golden handshakes).

The last part of info worries me and I know that I have no right to be worried. It is also true that Goldman Sachs is not into the act of breaking the law (perhaps bending it to the legal maximum yes, which is not a crime).

If this is a valid business deal, then I have no right to be worried (it is not like I work there). The evidence is however a worrying one. Why cut a 1.4 billion revenue business in these harsh economic times? David Thodey might be the visionary Telstra needed or he might not, time will tell!

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Tagged as David Thodey, Goldman Sachs, Gresham, Gresham Investment House, reuters, Sensis, Sydney Morning Herald, Telstra

December 23, 2013 · 22:44

Questions at this time

I have been fighting with myself in regards to certain issues that have been rising in this day and age. When we look at the definition of treason we see this statement “In law, treason is the crime that covers some of the more extreme acts against one’s sovereign or nation.”

The question is not just in regards to a nation as is the case with Edward Snowden, but what about the acts against the people? If we accept the following statement as an acceptable fact “Republicanism is the ideology of governing a society or state as a republic, where the head of state is a representative of the people who hold popular sovereignty rather than the people being subjects of the head of state.”

So, if that is true, then should we consider the acts or even the absence of acts that stops dangers to the people as an act of treason? I have written about some of these parts for some time now, as per 5 days ago the guardian is now a little more vocal about it (at http://www.theguardian.com/global-development/2013/dec/18/rich-countries-money-laundering-tax-evasion-oecd)

It seems that governments are FINALLY getting on the horse of action (as seen at http://www.reuters.com/article/2013/12/20/us-usa-tax-fatca-idUSBRE9BI13J20131220). Yet it seems that larger tax holes are still in existence in Ireland (at http://www.reuters.com/article/2013/10/15/us-ireland-tax-idUSBRE99E0PD20131015)

So should tax evasion be seen as a form of treason? I am not talking about the people left right and centre trying to find every possible tax hole. I am talking about the large corporations and their boards of directors (at http://www.businessspectator.com.au/article/2013/7/15/social-media/looking-beyond-apples-tax-evasion-tactics). If we accept the quote “Taxed at 0.004 per cent“, then how un-national (or in this case un-American) should these people be regarded? And it goes far beyond that part. This is shown in http://www.bloomberg.com/news/2013-01-23/yahoo-dell-swell-netherlands-13-trillion-tax-haven.html as we see a glimpse of the size of evasion. It is nice to see that the Netherlands are getting of the tax evasion horse, but consider this article from the Guardian (at http://www.theguardian.com/business/2011/oct/19/tax-avoidance-in-netherlands-becomes-focus-of-campaigners) shows that this horse had a very comfortable 3 years. Simon Goodley and Dan Milmo from The Guardian reported all this in October 2011, if we consider that then the words of President Obama sound even more hollow when we read “President Barack Obama presented a series of proposals in 2009 to curb offshore tax benefits“. Hollow? Yes, because only now at the end of his second reign is he making an effort, making it clear that keeping rich friends near you is all about re-election. So, when the hard times hit in the next term he can point the finger at the Republicans. The idea that we hold large corporation’s tax accountable does not seem such an option for either administration (Democrats and Republicans alike).

So, after all these years, as the US is getting in a financial state more and more desperate actions are finally taken, which in my view is well over half a decade too late. The issue remains, as people are hit harder and harder for taxation, not just in the US, big business seems to escape their share of taxation, giving them a massive advantage. In addition, in what I would call the ‘incestual’ relationship between a board of directors and their ‘ability’ to avoid taxation on a borderline of actual fraud (example HSBC to name but one). The game does change when we read that governments themselves start to offer assistance in this field (at http://www.cbc.ca/news/politics/jim-love-canadian-mint-chairman-helped-run-offshore-tax-avoidance-scheme-for-clients-1.2441347)

So, as we go towards Christmas and those high and mighty people do their ‘charity’ thing, then also consider that it is not impossible that they have been paying less taxation (like in +18% less), how very adult adults!

So if you want to cheer for anyone, cheer for that 60+ person, who after getting cut on life, living standards and retirement funds, this person is still doing over 20 hours a week in a community centre getting it all done for the people in their neighbourhood, because that is true charity and one more noble then I could actually muster at present.

If we get back to Republicanism, if it was all about ‘representing the people’ and consider that the fat cats are the chosen few (like 100,000 in a nation of 325,000,000), are these acts of non-accounting a form of treason too? Especially as tax evasion leaves a nation in a state of destitution? America seems to be clear evidence of that as its total debt will be roughly $60,680,485,000,000 on Christmas evening. Still think delaying acts against tax evasion was ever a good idea?

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Tagged as Barack Obama, bloomberg, Canada, Canadian Mint, CBC, Dan Milmo, Democrats, Edward Snowden, Guardian, Netherlands, Obama, President Barack Obama, President Obama, Republicanism, Republicans, reuters, Simon Goodley, tax evasion, UK, US

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