Tag Archives: Rothschild

Go with a smile

OK, I will be honest, this morning, I saw news pass by and it made me giggle. It was the title, I swear, the title was enough, because below the surface it is actually a serious matter, yet the writer/editor of Arab News gives us “‘Spy cell’ in Saudi Arabia sought foreign financing“. In my mind, I saw the image of two freshman at Berkeley University in California, walk into a wealth managing corporation like Rothschild’s and tell the CEO, that they found a way to overthrow the government and if they could please get some funding (at http://www.arabnews.com/node/1306306/saudi-arabia).

I know, you are giggling now too, but that is what they title left me with, yet it is actually a lot more serious. You see, the Kingdom of Saudi Arabia is a monarchy. Like all monarchies there are set rules and regulations on what to do and more important what not to do. Anyone with a primary school education knows this, no rocket science involved.

Yet, below the title, under the image we see a caption that is very much a serious matter. With: “Saudi Arabia’s Presidency of the State Security arrested seven people for suspicious communication with foreign entities and actions against the state“, you see there are two elements in this the first is ‘suspicious communications‘, which is optionally an element, yet ‘actions against the state‘ is actually quite clear. The question is how it all fits together, and make no mistake, there is a clear setting that it applies to a hell of a lot more people than merely those in the KSA, so you better wake up fast.

The elements of worry are seen in the first paragraph. Here we see “sought to “incite strife by communicating with foreign entities hostile to the Kingdom and to establish a false legal organization, according to information received by Asharq Al-Awsat from informed sources“, it could impact a lot more people than you think. In light of the escalations of Vision 2030 as well as the setting in Neom, we are bound to get a few cowboys trying to strike it rich (I am definitely one of them), in a setting of a total amount of close to $800 billion, or $800,000,000,000, I too will happily try to pick up a few coins, I will as the non-greedy person that I am happily settle for 0.001% or $8,000,000. I have a weapon system, an idea to make an Iranian nuclear reactor do the runaway on its own operators (by using the principle of a snow globe), which is my way of telling Steven Walker from DARPA that his behavioural sciences degree is not that useful in a nuclear physicist setting (nyuk, nyuk, nyuk), no negativity on Steven Walker though, he is slightly smarter than most smart cookies, and in addition to the earlier two ‘solutions’, I also considered a solution that I thought up to solve the UK NHS issue, which actually has a lot more applications under 5G.

I am not digressing, you see, these idea’s all need funding, now there are a few players with ideas that are all good and proper and in the 11th hour one of the backers walks away (reason is irrelevant), so now this (young) upstart needs to fix things fast to get its fingers in the Saudi Arabian treasury till of Vision 2030/Neom. In this he reaches out and he finds an interesting backer and meets with an entrepreneur in Qatar, now we have close to the same setting as we just read. Qatar and the Kingdom of Saudi Arabia are not really on good terms. Now add a few emails that skates around the funding and we have a setting that might be seen by Saudi Arabia as a worry, when we consider that Qatar has its own ‘Smart Digital plan‘ for 2030 we get a setting that some people might consider selling their idea twice. It is not far-fetched and it is definitely on the minds of close to a dozen growth driven people in Silicon Valley. Now we have a very different ballgame and that is not even considering those people who have been working as 3rd party developers for places like Palantir; anyone of those developers when they approach both Saudi Arabia and Qatar might be seen as just such a transgressor.

We forget that each nation has its own set of rules and even as some think that they are ‘shielded’ as they are American or perhaps Commonwealth citizen, they better wake up fast and realise that in national interests, it is the nation where you are where you need to adhere to settings. This works in both directions. We see this with “Dr. Ibrahim Al-Nahas, member of Shoura Committee Council on Foreign Affairs, told Asharq Al-Awsat on Saturday that the Kingdom is capable of overcoming many security challenges due to the vigilance of its security apparatus“, I do not for one moment disagree with Dr. Ibrahim Al-Nahas, for the most merely due to a lack of data, yet what he optionally forgets is that this system is going to get tested more and more over the next 5 years from all the parties who are trying to get an option to what we should consider is the largest technological jackpot in the last 25 years. We have not seen the option to such opportunities since the beginning of Windows 95, so there will be a massive flock of cowboys trying to land a deal with numbers optionally up to 9 zeroes behind a number, so you better believe that thousands of ‘innovators’ will come with their idea of a lifetime, which could potentially swamp the security apparatus.

In case of the article, it is about seven people who have been active to facilitate by acts that are considered “hostile to Saudi Arabia, to receive financial support in exchange for continuing to incite trouble”, which seems to be a decently clear setting. Yet it will not always be that clear when we see “It said authorities detected coordinated activities by a group of people, who carried out organized work to violate the religious and national principles of the Kingdom“, in the setting as quoted, there are a number of issues, religious principles being the first one that carries weight, because most cowboys seem to forget that Saudi Arabia is a Muslim state, as such it acts on religious settings. That is also the case in America where they have the pledge of allegiance, which gives us “I pledge allegiance to the Flag of the United States of America, and to the Republic for which it stands, one Nation under God“, this is important, because many nations have something similar. So when someone noticed that McDonalds in Saudi Arabia advertised “We renew our allegiance and obedience for his royal highness, the servant of the two holy mosques, King Salman the son of Abdul Aziz Al Saud, and we support Amir Mohammed bin Salman, his son, to become Minister of Defence and Prime Minister and to be nominated as successor.  God give him wisdom and equip him to rule his kingdom. With peace and prosperity, McDonald’s“, in this the response by someone who appears to be a Canadian, we see “Ads in Saudi Arabia placed by @McDonalds pledging allegiance to the new crown prince….am I the only one that finds this totally bizarre?“, I think that he did nothing wrong, even as he thinks it is weird, but when you are so far removed from a true monarchy setting, you forget small things. I too when I was in my military time had to make the pledge of allegiance, which in my case was to pledge allegiance to the monarch, obedience to the law and subject to martial law  with: “Ik zweer trouw aan de Koningin, gehoorzaamheid aan de wetten en onderwerping aan de krijgstucht. Zo waarlijk helpe mij God Almachtig“. Even as martial law no longer applies to me, I still feel that my oath obliges me to come to the aid and protection of the Dutch royal family until my dying day. It is something we accept, it matters to us, to any monarchist. So it is the same in Saudi Arabia and you better believe that (roughly) 99.99992% of these citizens will comply and enforce that oath on all those (citizens) who think they need not do that.

I feel that global businesses forget about such settings and they are optionally shooting themselves in the foot by not educating their staff members when having to go to such places. It matters because we all make mistakes and there are transgressions which are usually forgiven (unless you make an error under paragraph 322(5) under UK immigration law, then you are truly screwed), yet when you make mistake after mistake, even unintentional, merely because you come from a very different environment, you could end up burning the brand you represent permanently in that nation, which might be a nice little challenge for Apple, Google and IBM to survive. Although IBM is more business strict, but the Apple and Google mindset might find it increasingly hard to adjust and that is where losses are made, really large losses I might add.

So even if you are laughing now on the ridiculous setting I am offering, you better realise that the law in not a funny matter in Saudi Arabia. It is set to be written as “Saudi Arabia is a state built on the foundations of justice and it enshrines the principal of equality for all before the law”, you better realise that within many nations there is a consideration on what defines ‘foundations of justice‘. According to some sources Saudi law in theory allows that the ruling of a death sentence is a real setting, now we can understand that we know not to commit murder, yet in that same setting Espionage and Treason also gets your head separated from your body just like in: ‘off with their heads!‘ (Quoting the Queen of Hearts from Alice in Wonderland), now in the technological setting that is happening at present in the beginning of the article, the involvement of Qatar (fictive example), treason and espionage are actual options now coming to the surface? Now we all know that being well prepared stops such things from happening, yet who knew that Adultery and Waging war on God are equally punishable? So when you think that you have a nice option for Saturday night in your hotel room, did you realise that if you live by ‘it doesn’t count in you are in another country‘, your future might end up a little more grim than when you got out of bed that morning? And that is even before we get to Waging war on God, which is an issue on several levels. You see unless you have a clerical mind, the dangers of waging war on God is an open field, you can be transgressing this unknowingly if you are a Christian and that is something one must be prepared for so that it can be avoided.

If I understood it correctly the ḥirabah is seen as ‘enemy of God‘. The reference is seen in verse 33 of Surah al-Ma’ida of the Qur’an. It sets punishment for “those who wage war against Allah and His Prophet and strive to spread disorder in the land“, yet ‘disorder in the land‘ is a much wider concept nowadays then when what it was in those ancient days. We see that wisdom when we look back to those days as ‘banditry in open country: a uniquely destabilizing threat to civil order in a pre-modern society’. You might think of it as folly, yet in those days when towns relied on commerce and traders, banditry could have far-fetching consequences for the entire town, perhaps even the region. You only have to look at the movie ‘Kingdom of Heaven‘ a Ridley Scott masterpiece to see what a massive destabilising factor the Christian knights and people tended to be in those days. They were basically whoring and pillaging whenever possible (basically every waking hour), and no one considers the impact that left the Muslim Arabic nations?

This all matters because when you are trying to tap into the wealth that Arabia as a whole is offering, you better know what you are in for, you better be prepared and you also better leave some of your values (or lack thereof) at home. The setting of this stage seems all too appealing, yet many nations have a clear legal directive and as I have been hearing some of the conversations around me, it seems to me that some have not considered the impact they are setting their perception, what they think is happening and what is perceived. So when I heard someone say “go there, smile a lot and make a fortune. It works in japan“. Now, I am not certain whether that would work in Japan to that degree, I am decently certain that they will lose a lot more than they bargained for when they are totally unprepared going to Saudi Arabia thinking that they strike gold with a mere presentation and a smile. Because the wrong presentation can easily be perceived and what you thought was a nice idea in the end brought chaos in the land, good luck setting up your defence at that point.

I believe that good business is always available in every nation; the wisdom is to comprehend the rules of that game in that nation and abide by them, not as best as you can, but completely. In the age of compromise I think the current generation is oblivious to that danger, they have been so used to go by ‘let’s compromise’, not everyone is willing to do that. In this considering John Braithwaite’s excellent work ‘Corporate Crime in the Pharmaceutical Industry‘, it is not about the pharmaceutical part, the issue is the setting of corporations. By the time that you have gotten to chapter 4 (fraud in the safety testing of drugs) or chapter 5 (criminal negligence in unsafe manufacturing of drugs), by that setting you will have seen close to a dozen issues that could perceive you as the party responsible for creating ‘disorder in the land‘. This is merely a academic setting, I am not an Saudi Attorney, I have no experience in practicing Muslim Law, but these were the questions that formed in my mind and In all this I see a clear element missing in all the presentations that passed my eyes, seeing them scrutinised in a setting of Islamic Law seems to be important, because the law in Saudi Arabia is not set in the Crimes Act, the Data Protection Act, the Human Rights Act or the Mental Capacity Act. It is set through the Quran and that is a very important distinction.

For the most, when people are going for the jackpot, they tend to be as prepared as possible, yet in all this, more than just a few have forgotten that it is not merely a presentation, they better be aware of the legal lay of the land, as well as the social and personal norms that are required in Saudi Arabia (as with every nation you want to do business), we seem to look at the EU where almost anything is valid and not illegal, as such they forget that there are places where that approach will not work.

Did I get all this from a mere reference to a Spy Cell in the Arab News? Well, not exactly! I had been looking at parts of this for a little while, merely because some settings require investigation on any level, and the more I had to dig into certain messages the more I was confronted with people quoting the Quran, which came to a focal point when I was confronted with ‘French Proposal to Change the Quran’, which was from early may this year in the Atlantic. Apart from the blasphemy that it represents, which passages from the Bible regarding slavery or women as servants of their husbands have been removed in the last 50 years?

Opposition of such views was given by Tareq Oubrou, the prominent French imam who oversees the Grand Mosque of Bordeaux. Here we see “the notion that anti-Semitism is built into Islam is “theologically false,” he added. As monotheistic “People of the Book,” Jews and Christians enjoy a special status in Islamic law. Historically, they were considered protected dhimmi communities, which meant they were allowed to practice their own religions, although they were subject to a tax and various indignities that symbolized their subordination to Muslims”, by the way, this was an act that Christians did to the Saracens in Italy (also seen in ‘Kingdom of Heaven’), so let’s not throw mud when we know that we have done the same thing.

In the end, wherever you go, feel free to go with a smile and be prepared for what you face, knowing the legal and religious lay of the land is a rather important step that most seem to ignore, it might not matter in all places, but not preparing in places where issues like that do matter is merely the greater folly.

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As an election looms

Finally, we get some words on the Labour manifesto, the Guardian has been on top of it and whilst they are presenting a good part, I have a few issues as they went a little light on labour as I personally see it. Again, it is a personal side and as a conservative you should take into consideration that the flaw is on my side, and I would accept it, but let me give you the goods.

The entire review is at https://www.theguardian.com/politics/2017/may/16/labour-manifesto-analysis-key-points-pledges, so you have the option to completely disagree and seek your own version of their vision. The first part “a short note on a new £250bn “national transformation fund” implies that these costs will be funded through capital borrowing” shows their intent on rail, which is a quarter of a trillion through borrowing. So off the bat we are considering electing someone who wants to add a quarter of a trillion to a debt that went off the handles due to the Labour party in two previous administrations. How is that ever a good idea? a chunk of all the other parts is supposedly coming by adding a new tax group of 50% for those earning above £123K. A marginal addition for the ‘fat cat’ group. So those making more than that will be charged for the amount above and I have a hard time accepting and believing that this will get them the ‘speculated‘ £6.4 billion. It reads more like wishful thinking in an age where rationalism will not ever get you that amount. Consider, as mentioned before, something that any excel user can check with the numbers the UK tax office (HMRC) offers, the super wealthy, those making well over a million is limited to less than 5000 people. So how is this billion pound extra achieved? Let’s not forget they only get the 5% extra over the amount over £123K, as such the income will not get close, yet after the election they will come with excuses, whilst we already knew that this was never realistic. In addition, how many are close to the threshold? In this those making £123K – £199K, they might feel safer setting apart certain investment reserves into retirement, if they get that done, the £6.4B will drop fast by a lot. In addition, the Guardian gives us: “But recent evidence from the imposition of a 50p rate in 2010 shows that the measure could spark mass avoidance by the individuals affected and raise no extra funds for the exchequer“, so there is that part too! Remember Jeremy Corbyn and his nurses? The 10,000 nurses pledge? When we consider the already announced part “Health and social care reform at a cost of £7.7bn, as part of a package that includes a guarantee of A&E treatment within four hours and the end of the NHS pay cap“, and the “Free lunches for pupils as part of £6.3bn school package“, that’s another 14 billion, where is that coming from? Remember the tax increase part? When we tally, we see that the NHS part is already leaving the tax increase at minus a billion, all the other multi billion pound parts are not even close to being addressed. This is simple tally stuff that many in their final year in primary school can achieve from their calculus lessons and Jeremy Corbyn and his ‘raunchettes’ cannot deliver, a mere exercise in lewd offensive spending. Choices without proper merit and ignoring the consequences of the deep debt they got the UK in in the first place. I am all for some level of social levy, yet any social act requires to consider the impact, something that UK Labour is clearly not doing. It is even more upsetting that simple calculus gets us to a place where this would never have been a reality to begin with. Are you seriously considering voting for such a failed attempt?

When we consider the added Cyber security, and the promise to the security agencies, we see items that are promised without any claim to the cost. Now we might accept that part, yet their own £11.2 NHS IT fiasco should clearly show that they haven’t got a clue on how to tackle it because the limitations they imposed through failed IT is part of the reason that NHS IT is not up to date in the most meagre of ways which is also exactly part of the reason that the NHS hacks were successful in the first place. In addition the entire pension part is flawed, that is a given not because of what it states, but when you compare it against the Australian need to already up the retirement point to 67, with a population of 20 million, that is a retirement change already needed now, the fact that the age wave will hit with almost 4 times the intensity in the UK and the retirement age will not significantly up for another 6 years is delusional and as I see it set so that the current Labour electorate can ignore the issue until the next election, at that point it will be way too late and they will offer some diluted solutions using capital borrowing adding another . I see it as we now need an estimated £75bn a year, it is anticipated a near doubling before 2025. You see, some of the statistics have been placing comparison of life expectancy and percentage of retirement, yet as I see it, the quality of life for those born in the 30’s and those born in the 60’s is vastly different. the difference of those two groups is that maximum life is more likely to be in excess of 20 years, so those born in the 60’s and onward have a much higher chance of requiring a pension for close to 20 years longer, on a population of millions, that would equate to an additional pile of billions that would be required. In this the setbacks that the financial meltdowns gave all the people and government institutions, it shows that the shortage will increase and the pension deficit will increase annually by a lot over the next 5 years alone, so not seeing any repair actions is just weird. So as labour proclaims to be ‘social‘ their social unawareness and unpreparedness is just a little too upsetting. Now, the Tories are not innocent either. There is a given shortage and getting rid of the debt is a first step in solving it, so as we see that Labour is now willing to add close to half a trillion to the total shortage and that is just the added shortage of what they want to do to look cool. The added deficit will go straight through the roof adding overall a lot more debt than anyone is willing to consider.

And it is Labour of all others who have no welfare support. they promise a future policy paper, but the overall issue is not that paper (it will be though), it is “There are no spare funds in Labour’s calculations for extra welfare spending. To counteract the effects of planned cuts, under Labour’s current plans it would need to increase borrowing“, so that implies even more borrowing, whilst they amount needed is already through the roof. I did voice a change, I offered a view where there might be some additional ‘fat cat’ costs, even though that is not what I call it, it was a need to increase the second tax tier by 2% and the third one by 1%, whilst increasing the 0% tax group. so basically the lowest people get £100 a month more and the highest (45% tier) loses about £150 a month (as they also have the higher 0% part, they lose a little in the end), around £100 for tier 2 and £50 on the tier 3 part which I saw as a very social thing to do. And all that without burdening towards extra debt. I am not stating that the lowest group did not deserve more, I was working from a 0 balance difference for taxation, so that the coffer would not be denied more coins to address the massive debts it has now. It was a simple exercise in Excel and perhaps my method is flawed, my intention was pure, that is a lot more than I can state for the McDonnell-Corbyn group who will happily max out the UK credit card and leave others to solve the matter after they leave office, just like the two previous labour governments did.

Yet in all this it is not just the Labour party that needs a look, the Lib Dems are also due a little concern. In that I actually like the entire ‘rent to buy‘ pledge. I cannot say if it would work because the ground materials are not a given at present. What homes would be offered? Consider what the foundation is. New houses, would b great, but when we see where, there will be an optional issue. It is of course a way to get the younger generation out of London and perhaps towards other places where a younger population would be a good thing. However, would they embrace life in Essex, Suffolk, Norfolk, Lincolnshire or Kent? What happens when that is not an option, what if the social houses in London does not get resolved? Those elements make the Lib Dems an issue that might not come to pass, yet for every person accepting a place outside of the greater London area, the pressure will go down a little, enough little’s will make for a moment of relief, yet will it work, time will tell. In all this I personally found the second ‘referendum’ offensive. So, because people did not like the outcome, because some didn’t bother voting, the people in the UK get to vote again? I wonder how the Lib Dems will be seen when the EU gets the bill of what Wall Street does, when the UK gets the pounding because the US could not get their house in order, I wonder how those second referendum people will be seen. Even as the US is ‘suddenly’ doing great again, whilst their debt is increasing by trillions of dollars a year, as well as their inability of dealing with their deficit, how will that push others? The US now with almost 20 trillion in national debt, they stated the 1st half of 2016 a collected taxation of 1.48 trillion. now, if we do something not entirely valid, but what if we double it? (the second half is never as much as the first half, yet for argument sake), this now implies that the US would collect a maximum of $3 trillion for 2016, that whilst at present, federal spending is at almost $4 trillion and the deficit is now approaching $600 billion for this year. The deficit, no matter what they report is not getting properly addressed and has not been or over a decade. What do you think will happen when that well ends? Do you think that export to the US will continue? At that point, who would be the trade partner that remains? I do not proclaim to have then answer, yet when we see that at present US total Interest paid is set at $2.5 trillion, where do you think that goes? Who is paid interest on debts that seem to be mainly virtual? Do not think it is a simple picture, because this part is as complex as anything could ever get. Machiavelli could not design something this complex. Yet at the end of the day, the taxpayer is left with the invoice. As such lowering debt is the only safety net that would allow the people in general to have any life. I have always stated and truly believed that once it collapses, it will hit whomever is in debt. I still believe that Japan is the first domino to fall, yet that also means that the US dollar gets a hit that will be a terminal one and Wall Street will falter almost immediately after that, after which the Euro will go straight out of the window, its value less than the German Deutschmark in 1923. Japan has a debt that is close to 240% of GDP, a group of nations that includes the US, Japan, the UK and several other European nations have a budget deficit that is surpassing $9 trillion, how is that allowed to continue? This is not me, this comes from Martin Weiss, PhD. Although his PhD is in cultural anthropology from Columbia University, not in economics. Yet we can agree that at least he has a few degrees which includes degrees from Columbia and NYU, so he is not the most uneducated tool we know, unlike some in politics nowadays. The problem is not the total deficit or the total debt. It is the fact that some players like the Rothschild’s, Wall Street and even the IMF are wanting this game to continue. A push it forward game that benefits the political and financial engine operators and 0.1% of the population. Would it be fair to call this a legalised form of slavery? Is the one option allowed to have the same as a freedom of choice? That is what is more and more at stake. When the people in the UK were allowed this freedom, they chose Brexit, now we see all these players trying to undo that one part, because it is the fear of the players with too much to lose. We get more and more weighted information from the press and that engine is less and less reliable. So what remains? Well, the people in the UK are about to make their selection, whilst we see certain manifesto’s that are debatable to say the least. Some parts are just not realistic at all, yet the people must elect someone. I will not tell you who to vote for, I am merely wondering if the people will ever be properly informed.

This is mainly because there is an election looming and those not governing will make whatever promise they can just to get into office. So what will happen after that? Remember Emmanuel Macron? Making all those statements on how Europe must reform, or else there would be a referendum? Well, merely an hour ago we see: “Both pro-Europe leaders were keen to show solidarity concerning the Eurozone and have broken with previous statements by discussing potential changes to EU treaties. The move is seen by both nations as a way of healing ongoing EU upheaval, combating the rise of the far right and showing a united front in the wake of Brexit negotiations” healing whom? the ECB spending spree recipients? When we see “Visiting Berlin on Monday, Macron ‘did not push for major, ambitious reforms (of the EU) because he knows the chancellor cannot deliver until the elections in September’“, I merely see the fact that the French people have been lied to again, and those people voting have elected a new Wall Street tool (as I personally see it), and the fact that he was a former investment banker was pretty much a clear giveaway. I expect to see some kind of ‘compromise’ that gets no one anywhere any time soon around the end of August or early September, implying that the European gravy train will move along with full speed ahead for another 4-5 years. When you realise this, do you still think my Brexit support was weird? If someone had effectively muzzled Mario Draghi, that might have been a first piece of evidence that reform of the Eurozone would have been a far fetched optional reality, yet so far, that has not and is unlikely to happen.

 

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The light of exposure

In France everything is going topsy turvy, we see people who claim to have no gains in any of it make certain that anybody is elected, except for Marine Le Pen, even the current President of France is on that boat, which is interesting as he is at present regarded as the biggest political failure since WW2. I myself would like to remain neutral, which is almost not possible as out of nowhere a former investment banker is suddenly the favourite runner with no real main political experience. The political marketing department might like the fact that he will be the youngest French President, which makes almost as much sense as it would be for me to take over the clandestine department of the CIA, with all those Korean challenges? I’m game!

Yet as I see it, Emmanuel Macron made a large blunder on LinkedIn as he wanted France to head all kinds of environmental and climate research, which sounds nice as the population at large is all about climate, but he seems to forget that France has a 2.25 trillion Euro debt to deal with and the current French President is leaving France in a dire, weakened and unhealthy state. Something that can not now, and not ever be cured by throwing money in anything but a growing economy move. Even I could have done better than that. Both players for the hefty seat will need to consider that a true quality investigation in the French healthcare system will be next on the list. It is at present regarded as one of the best, yet by 2019 their numbers will drastically change as France has one contributing element. As the retirement age has shifted by 2 years, there will be a spike in both physical and mental health care that will at that moment spike to different levels. France has the benefit of seeing how wrong inaction has left the British NHS close to death, and this is whilst the retirement age was at present not affected, so in France a think-tank will need to convene on a structured overhaul that does not leave a non working system in hands of consultants for 11 billion and at that point be a non-working system. The British Labour party left them with this example. If met with the proper adjustment, Huawei Technologies and Google could have optional solutions in theory before the end of 2018 and implemented 2 years later. The question becomes who will be the player and how will it be implemented. Questions that require serious consideration and in my view the youthful investment banker might not have the solution, in equal measure I am not certain whether Marine Le Pen will fit that bill either. Yet what has been shown is that the current president has made little effort towards that growing dilemma.

So why is Macron the bad choice? I am not sure he is, but the issues we have seen with investment bankers do not make me confident. Even as we should agree that he married the love of his life even though she is a few decades older, which implies that he does not care about the opinion of others gives the vibes that he is made of stern stuff, something the French people desperately need after one tour of Francois ‘the paperback’ Hollande (as I personally see it). Yet, what wrong has Emmanuel Macron done? That is the issue, for the mere reason that there is nothing that shows he had done anything but bend the law without breaking it in the Nestle acquisition deal. So basically, this proclaimed Mozart of Finance is getting soiled in soot for the mere title of being a former investment banker. That is as far as I can take it with reliable information. The Rothschild bank empire keeps it laundry hidden and dry, neither the NSA or the CIA has anything on them (FBI has nothing either). Whatever others can find is either hear say of overextended triviality. Again, as I personally see it the entire board of commissioners of PwC will be in jail long before Rothschild bankers get into the dock in court. I am happy, but unlikely to be wrong here.

Yet these elements are not the only ones in play. During the next French administration banks are moving their interests and their work environment all over the globe, France will see its share of new challenges. As the UK is dealing with Brexit and their set of new challenges, France will also deal with other issues. Even as both are not looking towards the frontiers of what will be possible with 5G, we will see new views on security and cyber issues, not just in the WiMAX and 5G environment, there will be additional dangers and risks with the new IBM hype word! As blockchain is heralded as a new solution, there are inherent risks with a system that has these abilities. Not just in managing the data, the attached data goes much further, there is the risk that any system has more than a mere ‘massive disintermediation of the financial system’. There is the risk that a hiatus in ‘non-repudiation’ could leave a dangerous leap in the ‘who done it’ realm where nobody can be held to account. The fact that blockchain has no form of regulations whatsoever will give French banking laws additional headaches down the line. This is not just assumption (well, it is a little), the Washington Post was all about ‘Russian hackers‘ in French elections. That does not prove that it is not so, there is merely a lack of concrete data evidence and the quote “the front-runner in France’s presidential race carried digital “fingerprints” similar to the suspected Russian hacking of the Democratic National Committee and others in the 2016 U.S. election” give food for thought. As present the cyber units cannot even get on par with the criminals, as blockchain evolves in all kinds of ‘personal’ dialects in every nation, we will witness a new level of data adjustment. This does not mean that blackchains are evil or that they are instigate criminal activities, the timing that blockchains bring just as the data traffic from 5G could sent a 500% data traffic spike from 2020 onwards through the global online cloud community leaves us with a boatload of issues and in that, France will have its share of issues to deal with, so as there might be opportunity, there is a more than equal risk of harmful dangers. Europe at large is not ready and in a lack of checks and balances, the dangers of another 2004 and 2008 investment collapse is not out of the question, especially as the laws are still not ready to deal with the recurring danger of a 2008 finance event. In this France is in too weak a condition (as is the UK by the way). So consider that if we relate this to the Bitcoin, its volatility is in its foundation the same volatility that blockchain could face, with a truckload of return on investment risks. In this we might consider that Macron is the better candidate, but I am not convinced, in this both are not great options, yet still better than the others. It almost a Churchill moment “Democracy is the worst form of government, except for all those other forms that have been tried“, we could replace the word Democracy with either ‘Blockchain’ ‘Emmanuel Macron’ and ‘Marine Le Pen’. Although in the first example, we would need to exchange ‘government’ with ‘data system’ as well. In this day and age governments can no longer keep up and until the spirit of the law gets clearly enforced the population of any nation is in trouble. In this danger is too harsh a word but there is a risk and the press at large has proven to be little or no help (apart from some actual newspapers, who are some help).

As France goes to vote there is little that I can offer to the voters, only that they need to know who and what they are voting for. They need to realise that their immediate choice is for themselves and their family. For some it is one candidate for others there is the other candidate. With France having an explosive growth in poverty, the social element seems the most pressing one, but its solution is in other elements not in solving poverty but in growing a dire economy, a dire situation grown by what I regard to be outsourcing and the bottom Euro of getting things done cheaply. It is that proper reform that herald change and options, which puts the initial premise in the hands of Marine Le Pen, yet no matter how her national pride is set, if she cannot build solutions she would be a one term president too. For Macron it seems simple in the way he talks and he talks like a salesperson, but in this he needs an engine to deliver on his promises, this is something he cannot walk away from, whether he realises it to the degree is not certain, his LinkedIn message made that clear.

So no matter where the exposure ends, there are dangers that all nations of Europe will face, the sudden ‘relaxed’ shift from Mario Draghi is making that clear (Source: Financial Times). I think that this temporary ease of situation is merely to ‘atone’ for French voters, I think that the message is a dangerous one. Several sources are talking on the dangers of joint bonds an in addition the fat that Reuters views that Mario Draghi could lose credibility is not a fab, it is a realistic danger which people seem to be dimming to low until after the French elections. This as I see it implies that there is heavy weather ahead. This is strictly my personal view, yet in that regard I have been correct a few times too many. See my other blog articles to compare on that regard. In this there is partial data, there is the claim that the IMF has dropped the pledge to resist all forms of protectionism. For me the issue whether they dropped it, or merely did not make mention of it. The result is very different and in this it is not just about clarity, it is about changing channels of commerce. It is more than a mere view of ‘good business is where you find it’ versus ‘we all should be allowed to do business’, which is the more direct issue that will impact France too. Even as I have an issue with the President Trump’s tax breaks, there is one sight that is adamant. The economies are now no longer in the hands of the fat cats of Wal-Mart and corporations alike, it is in the hands of small businesses and families in stores. They will reduce tensions on infrastructure pressures and make combined ripples in a starting wave of commerce. France is one of the more likely places to get that going, much more so that the UK at present. In this France’s biggest enemy is the French language.

When it overcomes that barrier, it could start a wave of trendsetting businesses from local to global, how it is done remains open to the people deciding walking that path, it will be a personal choice for all who endeavour that step, but they can get there, they just need the proper exposure and support.

 

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Prospecting black gold

There has been news all over the world, some news is good, some less so and at times we cannot see whether news is good, bad or irrelevant. To see the dangers, or perhaps the opportunity of what is what we need to look back to 2014, and start that issue with a quote from the Marvel Movie: Age of Ultron. The quote originally from Tony Stark was: “As I always say, keep your friends rich, and your enemies rich, and then find out which is which“, it is a reference to the arms industry and the benefit of mutual escalation. Keep this in mind when you consider the article in the Independent (at http://www.independent.co.uk/news/business/news/royal-mail-float-scandal-how-hedge-funds-cleaned-up-9303674.html), the title gives us the immediate threat with ‘Royal Mail float scandal: how hedge funds cleaned up‘, and “Speculators were allowed to buy £150m of shares despite Vince Cable’s pledge to favour long-term investors“, I omitted the claim that it was all due to the postman. That person usually rings twice, especially when Jessica Lange is around. Yet the heart of the matter, like in the movie, is not in the ‘boner’ or the ‘bonee’, it is the aftermath that matters. You see, the gem is seen in the local prosecutor and his ploy to get to the truth by going after one side, yet it is Cora’s Lawyer Katz who stops the evidence to get to the prosecutor, which nullifies whatever was attempted. So consider the part we see in the Independent: “around 20 per cent of the shares it had allocated to 16 preferred investors had gone to hedge funds and other short-term investors. This would equate to around £150m of Royal Mail shares – 13 per cent of the entire stock sold by the Government. The companies bought in at the float price of 330p a share. The shares shot up within seconds of trading, eventually peaking within weeks at more than 600p, allowing the hedge funds to bank vast profits at the taxpayers’ expense“, now consider also that this is a reflection of ‘£150m of Royal Mail shares‘. A system that has issues and allows for ‘deal sweeteners‘, now when you see this, and knowing that the bulk of hedge funds managers seem to get away with murder, consider the arrival of Aramco, better stated, the Financial Times headline ‘The $2tn Saudi Aramco question‘, which is now squarely an issue of titanic proportions (intentional pun towards the sinking dinghy). First things first, you see, this is not a fuel vendor like Shell, or a social media company like Facebook, this is the Privatised Saudi oil company that is larger than the sum of Shell, Facebook, Apple and Google. It is a 2 trillion dollar company, now consider the danger of the floating dangers of something like that, hedge funds managers can clean up and those who do will be set for a decadent life, for the rest of their lives. The dangers of something this big is pretty astounding and the fact that it could happen is not that small. You see, the dangers increases as we consider certain facts. NASDAQ gives us: “OPEC agreed in November last year to curb its output by about 1.2 million barrels per day between January and June“, that is because the stocks are a little higher than expected. This happens, oil will always fluctuate, now consider in the US alone there are 32 oil fired power plants. Production is down (for now) and the moment the first heatwave gets to the US, we see a massive spike in power requirements and 32 of those power makers require fossil fuel. In this I am only mentioning the USA, there has been power issues on a global scale, which is always going to be the case, but one of the largest providers towards the demand is going public and that is what speculators really like, because if the supply & demand need is not properly managed, we see an increase option towards fluctuation. Those speculators only need to get lucky once and the mess would be unrepairable.

The Financial Times gives us some of the goods with: “Privatising Aramco is the first step in rebalancing the economy. By disentangling the company, which accounts for more than two-thirds of government revenues, from the state, Prince Mohammed hopes to make Riyadh less oil-reliant, while providing capital for investment in new industries, ranging from technology, where it is pumping $45bn into the SoftBank Vision Fund, to mining. The privatisation of its national champion is crucial to this process” (at https://www.ft.com/content/7ed59bee-163b-11e7-b0c1-37e417ee6c76), but the heart is seen in: “That is even without looking at the question of how much oil actually lies beneath the desert kingdom’s sands“, when we consider that the oil gains in the North sea is slowing down and this is a signal seen in several places, the fact that at some point (in past, present or future) that something similar will happen to the Aramco goods is a certain fact, it is the when that cannot be anticipated. In addition, going public means that you need to be commercial, when it is government no one really cares, but in the public sector the trend must forever be upwards, so when will we see a similar float in Aramco when the numbers are not as great? It has been an utter certainty that nearly all companies go through, some did it calculated knowing they would kill the numbers within a quarter, some hoping they would kill the numbers and some did it whilst they were desperate for a miracle. Yet floating they went. How much of a $2 trillion dollar company in stock value will tumble when that happens?

And these are the circumstances where the acts were valid and not criminal at all (see UK Mail), I am not making any Tesco assumptions here, because the damage in that case will be devastating to the London Stock Exchange. One firm representing close to 70% of its entire market, there would be no London Stock Exchange after such a disaster. Bloomberg gives us the second tier of risks and dangers with ‘Saudi Aramco Cuts Oil Pricing for Europe Where Russia Dominates‘ (at https://www.bloomberg.com/news/articles/2017-04-05/saudi-aramco-lowers-some-crude-pricing-for-asia-raises-for-u-s), a market that Russia already dominates. What would happen if let’s say 3 days after going public, Russia decides to slash their prices for a short time? How would the market react? Not just to Aramco having to follow, but the forecasted annual numbers then take a dive, at who’s expense? Consider that the European market is ‘ruled’ by Russia and Norway, together they make up for 50% of that market and the Saudi part is smaller than Norway and 80% of that 50% market is just Russia. So they can influence the market a fair bit. You see, Bloomberg gives us “There is a risk price wars may resume in Europe, raising the possibility the output cut agreement won’t be extended to the second half of this year“, meaning that in the second half Russia could flood the markets and the streets with black gold. That impact would be felt all over the stock market. There is one part that I am uncertain on. You see, it reads like a small and insignificant part. The quote: “Aramco will tweak the benchmark it uses in the region to make it easier for crude buyers to hedge their purchases” seems small, but consider that hedging is done by a few hundred buyers for up to 25,000 barrels. It seems like nothing, but with 179 buyers it is almost a week worth of crude oil, now the ‘stock is full‘ issue becomes a larger one, because this is a level of fluctuation on stock levels that would impact on the stock prices, the mere stock is full a few weeks ago had a $3 impact (or 4.6%), that becomes a little more than insignificant. Now, I could be wrong here as I am not in the oil, yet you see that this is a concern when it impacts a $2T invested interest by more than just hedge funds managers.

The last part comes from the Guardian. In Jan 2016 they stated “Saudi Aramco is likely to be worth well over $1tn (£685bn)“, this is important as we do not see 1.2 or 1.5 trillion, so this given number implies that in a year Saudi Aramco grow by more than 40%, the exact number cannot be determined. Other media stated that Aramco had grown to 2 trillion last year, but none have given enough evidence to state which number is the reliable one. That too impacts this new market, especially the initial dangers of floating a stock. Yesterday (at https://www.theguardian.com/business/2017/apr/05/theresa-may-lse-saudi-aramco-uk-london-stock-exchange-oil) we see: ‘May and LSE chief woo Saudi ministers for $2tn Aramco listing‘, here we see: “Xavier Rolet, has launched a charm offensive in Riyadh to woo Saudi ministers with the prospect of London hosting the upcoming flotation of Saudi state oil company Aramco, which is likely to be the largest of all time“, the word ‘flotation‘ is given and the danger is now out and about, in clear view of all. So as the UK government is trying to appease Khalid Al-Falih, energy minister of Saudi Arabia (and CEO of Aramco), as well as Yasir al-Rumayyan, the director of the Saudi public investment fund – a sovereign wealth fund, I have to wonder where the Rothschild’s are, because there is no way in heaven or hell that the Rothschild family would be absent of a 5% of a $2T company option and not be a player in something with the ROI of billions, especially after the losses they had with Kurdistan and Africa. They have skin in the game now, and they need a victory in this field, their ego demands it from themselves!

In all this the final part given in the Guardian must not be overlooked, because the quote “Downing Street announced on Monday it had drawn up plans with Riyadh to boost support for Saudi’s much-vaunted Vision 2030 strategic plan for diversifying the Saudi economy to decrease its over-reliance on oil, spearheaded by the deputy crown prince, Mohammed bin Salman, who met May on Tuesday“, as this now offers the level of revenue to fund the ability to become the largest 5G player in the middle east, with options to diversify into Europe, the far East and America. It is perhaps the first time in history that a public company would shoot to a top position in mobile communication, ready to set the market and their values in a few ways on a global scale. For the simple reason that moving into technology and not go for the new tech that will determine the fate of the large mobile and telecom players between 2019 and 2027 seems extremely short-sighted.

 

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Slaves of a different nature

The sci-fi fan sees in his/her mind a woman, all green, preferably close to naked growing lust in their mind. It is the Orion Slave girl fantasy. This comes from a TV-series that is half a century old. In that universe created by Gene Roddenberry these green ladies were introduced in the original pilot of the Star Trek series in the episode ‘the Cage’, there they were depicted in a sexual context. This is not that kind of slave. Neither is it the kind that is forced to create products through prisons or work camps where they make license plates, or set up governmental mailings. Neither are they children under 18, forced into some kind of servitude. No, these are not one of the 5 forms that the National Underground Railroad Freedom Center is illuminating, this is a sixth kind.

It is the kind of servitude that was once a calling, once a choice of life, which governments and insurers alike have been putting under pressure beyond any normal acceptance of labour. That part has been ignored for too long. People all believing in the wealth that a doctors and lawyers income brings. Later in a career that might have some level of truth when you ignore the elements on the other side of the scale. The fact that someone in IT will surpass the income of those graduates from the very beginning is often ignored. When I see some of my friends in health care, I see friends who are exhausted 70% of the time, some working in excess of 14 hours a day. So when I read ‘Nearly 60% of Scottish GPs plan to leave or cut their hours‘ (at http://www.theguardian.com/society/2016/apr/28/nearly-60-of-scottish-gps-plan-to-leave-or-cut-their-hours), I am not overly surprised.

We all claim that we are against slavery and injustice, yet the governments on a global scale are seeing their health systems collapse and as such, hiding behind the false image of all doctors are wealthy, they have been cutting into the incomes of doctors and stretching the hours they have to make. Underfunding practices and making them work ungodly hours. What we see in Scotland is only the beginning. In the Netherlands we saw in 2014 that GP’s would work around 60 hours per FTA (Full Time Equivalent), making that 13 hours per day, whilst IT staff would get more for a mere 40-45 hours a week, 9 hours a day at the most.

So in all this, whilst health care workers availability are at an all-time low, we see the quote: “26% planned to leave general practice in the next five years“, so one out of four is stopping whilst one in 6 patients will at current pressure not receive the minimum level of care which will now get close to another 1.5 out of 6. This gives us 33% to 50% of the patients in a tough spot. One foot in the grave will get a whole new meaning soon enough when that comes to pass. Certain elements of these changes are already visible in France and the Netherlands, the United Kingdom is in a harsher place than the Netherlands, but I cannot confirm how France is set. Outside of the large cities the information tends to be sketchy and cannot completely be relied upon (read: my knowledge of French sucks big time). Sweden is heading towards a new economic crises on more than one side. Healthcare is one (but less visible), the issue that is visible is the economic drain that the refugees are causing, well over 100,000 have no place and no matter how obliging Sweden is. The refugees are confronted with language issues and a skill set problem. The latter one can partially be adjusted, the first one can be overcome by the refugees who truly want this, but it takes time, which is one side Sweden is having less of. Sweden is trying to recruit doctors in many ways and their approach might work, but it will work slowly and it will cost the Swedish government a fortune. The reason for focussing on Sweden is because for the most, Sweden is a social success. Sweden has made social changes that the nation accepted (including paying a lot more tax than there neighbouring nations). The refugees are changing this, a social system can only survive in balance, the refugees arrived in such massive amounts that the system cannot cope. The total refugees that recently arrived have surpassed the size of the Swedish city of Västerås, which by the way is not the smallest of places. With the banking in disarray and Sweden missing sales marks gives additional problems for Sweden and healthcare will feel the brunt as doctors are now moving to other non-Swedish shores. Sweden illuminates the required need for the UK, a need that the UK is unable to adopt at present. In addition, the approach that Jeremy Hunt is taking will not help any.

When we see the British Telecom News page, we see “But in a letter to the BMA’s junior doctor committee chairman, Dr Johann Malawana, Mr Hunt said: “It is not now possible to change or delay the introduction of this contract without creating unacceptable disruption for the NHS.”

As I see it, my response would be ‘Yes, Mr Hunt!‘ you had alternatives but you chose to ignore them. Focussed on a system that had collapsed, focussing on the approach of slavery, you saw in your school years the Slavery Abolition Act 1833, yet as we see the words from the English poet William Cowper (1785) as he wrote:

We have no slaves at home – Then why abroad?
Slaves cannot breathe in England; if their lungs
Receive our air, that moment they are free.
They touch our country, and their shackles fall.
That’s noble, and bespeaks a nation proud.
And jealous of the blessing. Spread it then,
And let it circulate through every vein.

 

Bankers are overprotected whilst being vultures, for not being held accountable for the mess they created (as it was not illegal), whilst at the same speed, junior doctors are reset with contracts that amounts to becoming an involuntary slave labour force. This to the degree that doctors are packing their cases and moving to Australia and other Commonwealth nations that will take them and with the shortage the world at large has, for them moving to Nassau and live by the beach with a small practice would be preferred to a city job with a mortgage they cannot pay off and working 60 hours a week. Jeremy Hunt dropped the ball. He did not do this intentionally. He was given a bad hand from the start, yet in all this instead of going on the same way, the NHS needed another direction entirely, that part was never really investigated.

For me, with whatever I have left?

If I had to go into healthcare, I would try for Radiologist position in Essex or something like that. I still have 15 years in me. For now, I have a nice idea for Google to grow their revenue by 3.5 billion dollars over the next 5 years, and gradually more after that and for £25M post taxation it is all theirs! For now, I am considering to do some teaching in Italy in the future. Teaching English in Catholic Public Schools near the Vatican. You see, this crazy merry go round we have in Europe now will collapse, there is no viable way to stop that at present as I personally see it. We must focus on what comes after. That part is now gaining visibility as we see the US President (read: Mr Lame Duck Obama) is quoted in Forbes “President Obama’s Implicit Message To Taxpayers: ‘I Own You’“. My response?

No, Mr President, you do not. You never did. Like a weakling you stopped taking taxation to a realistic level, you refused to do anything to stop greed. That part was clearly shown at the G-20 in 2013, three years ago. You might actually end up becoming the most useless president in the history of the United States of America

That would be my response!

When we look at Forbes (at http://www.forbes.com/sites/johntamny/2016/04/10/president-obamas-implicit-message-to-taxpayers-i-own-you), we see that the Obama treasury stopped one deal, one deal only. This is about a lot more than just that 212 billion dollar deal. You see, this is not about the Panama Papers, this is what they enabled. When we consider the Guardian (at http://www.theguardian.com/news/2016/may/06/panama-papers-us-launches-crackdown-on-international-tax-evasion), we see that same duckling state “the president will take executive action to close loopholes used by foreigners in the US and call on Congress to pass legislation“, how interesting that it is just about the foreigners, so how much is in Rothschild wealth management directly from foreigners and how much is arranged through American agents?

In addition we have “The Panama Papers underscore the importance of the efforts the United States has taken domestically, and the efforts we have undertaken with our international partners, to address these shared challenges”, which is an empty statement as I see it, because over the next 6 months too little will be done and it will be left to the next person in office. The final quote is “The problem is that a lot of this stuff is legal, not illegal”, which is something we already knew. Yet when we consider the change that could have been brought in 2013, he (read: the Democratic Administration in power) backed off, forcing a watered down version that was close to useless. This is the evidence I see as to the level of uselessness that the USA currently represents. Poverty levels are still at a high and in Europe that number is growing, this is the foundation that allows for the growth of what can be regarded as legal slavery. It is legal because it is governmentally arranged, it is slavery as the medical industry is pushed into a level of servitude of no-choice. In Europe, some are now claiming that the amount of people under the poverty line is now one out of four. That push is a great hammer for Jeremy Hunt to use to push for cheap contracts and ungodly working hours, but in the end, when doctors stop working, there is no NHS to continue to cure people (source: http://www.euractiv.com/section/social-europe-jobs/news/eurostat-one-out-of-four-eu-citizens-at-risk-of-poverty/).

There is no clear solution, but another path needs to be taken. The push from NHS and the deal that people get through what I call ‘deceptive insurances‘ and ‘skewed medicinal solutions‘ is changing the game. It now reflects back towards the change I was willing to make. What if we make hospitals self-sufficient? What if we take the insurance out of the equation and push for a self-sustaining level of hospitals on local foundations? You might think that the given logic forces us to look at Behemoths like the NHS and large medical corporations. I am stating that it is my belief that the medical gravy train is losing too much cargo on route. So it is our need to have a neutral solution. When medical suppliers start pushing on ‘how it will be too expensive that way‘, the people will have to push back. So that means that the UK hospitals start getting supplies from other sources, independent and possibly even non-UK sources. How long until greed driven corporations cave? They only need to fail 2 quarters of forecasting and THEIR nightmare begins! Trust me when I state that a merger making the board of directors over 200 billion means that their margins were really really good and via Ireland they were only getting better.

That is the issue and solving that is a first step in solving the slavery riddle, which is not a riddle, it is a mere puzzle that can and should be solved.

 

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How pointless can a politician be?

That is the first part in the consideration that we see when we see the latest hype for journalists to ignore the reality of the events as they play. This presented reality was given to us today (at http://www.theguardian.com/news/2016/apr/13/mossack-fonseca-raided-offices-investigators-panama), when we consider the article. The title is only part of the deception we are confronted with. ‘Mossack Fonseca raided as investigators meet in Paris to launch tax probe‘, the first level of entertainment. The next is the quote “under the command of prosecutor Javier Caravallo, who specialises in organised crime and money laundering“, really? What education does this man have? The legality of off shore banking has been made so complex that the bulk of the Harvard professors cannot make head or tails of it. So, this Javier Caravallo, a mere prosecutor can figure it out? Who are the journalists kidding here? Mind you, this is not me trying to bring insult to a prosecutor, and I have no knowledge of Javier Caravallo, or have any issues with this man. Yet, if we can agree that Marky Mark of the British Bank (aka Mark Carney), former Governor of the bank of Canada and current Governor of the Bank of England cannot get his head around the off shore cash ‘storage’ issues, can we all agree that Javier Caravallo is out of his depth (and not by a little)?

We then get the quote “The raid comes after the leak of Mossack Fonseca’s huge database provoked international concern about the offshore industry“, which is a truth, yet there are issues, there are massive questions and they need addressing, yet in that similar way the issue is that the US is involved in this as well (personal observation). The fact that Florida is a growing tax haven and that states such as Delaware, Nevada, South Dakota and Wyoming, in particular, are competing with each other to provide foreigners with the secrecy they crave, which is a quote I got from CBS (at http://miami.cbslocal.com/2016/04/06/us-is-emerging-as-a-tax-haven-alongside-switzerland-caymans/), this all is also linked to a Bloomberg article I discussed a few days ago in the article titled ‘Delusional‘ (at https://lawlordtobe.com/2016/04/07/delusional/). It seems that this loud sabre rattling is more about empowering the Rothschild Empire than it is about Mossack Fonseca. The fact that the Guardian remains silent on that part 50 shades of gold, gives me the impression that this is about chastising towards hypocrisy and not about the news at all, this is not even about decent reporting of the news. Which, in my personal mind, gives me the impression that the editorial levels Katharine Viner has gone to regarding certain players is about to hit a new all-time low (but that could just be me).

Yet we are not done here, because this form of comedy is about to get new players. Australian Commissioner Chris Jordan, who in the Guardian article is introduced as a person with a “global mindset for tackling tax evasion and aggressive tax avoidance”. That might be true, it might not. For now we cannot tell because there are elements the press is anxiously avoiding, meaning that the politicians could be aiming to do the same thing.

You see, linked to this is an article from July 2013 (at http://www.theguardian.com/business/2013/jul/14/us-tax-avoidance-google-amazon), where we see “senior officials in Washington have made it known they will not stand for rule changes that narrowly target the activities of some of the nation’s fastest growing multinationals“, 2013? Fastest growing multinationals? I personally think that these are senior ‘spokespeople’ that are in the pockets of large corporations, is that such a stretch? Consider the way that the US tax havens have been avoided by the press at large (apart from Bloomberg and a few CBS articles), consider that all these actions against Mossack Fonseca came from criminal activities, whilst so far not one clear piece of evidence is given that laws have been broken. (a 0.2% infringement does not constitute crime), in addition consider that the largest transgressor of financial ‘morality’ flushed 15 trillion (estimated loss from 2008) into the sewers and we learned this week that one of the principle parties in that event got a mere fine of 5 billion (at http://www.theguardian.com/business/2016/apr/11/goldman-sachs-2008-financial-crisis-mortagage-backed-securities), meaning that the 8 year hardship the American people and Europe at large is paid off with a mere one year of bonuses, which is a true source of hilarity, because it truly gives vision, in my personal view that the US Department of Justice is no longer anything else than a joke.

The final quote is the kicker “The deal, however, includes no criminal sanctions or penalties and is likely to stir additional criticism about the Justice Department’s inability to hold bank executives personally responsible for the financial crisis“, I believe it to be even worse. If any fact ever emerges that the US in any form or size was, as speculated by some cyber specialists, to be behind the Panama Caper, than the transgressions that will massively rule in favour of the Rothschild enterprise will leave the mark that the US government could end up being the most corrupt one in the history of this world, how interesting that the press at large is steering clear of that little titbit.

So what kind of comedy are we seeing unfold?

A slapstick? A piece of presentation where bankers throw pies of money at each other, whilst charging the crowd for every pie, the receiver of the pie pays nothing, the taxpayer pays for the event whilst the cash stuck to the suits of bankers who will charge the government for cleaning the cash and cleaning the suits. A free for all where only the banker ended up smiling and the people paid whilst not getting any entertainment value at all (and a cleaning bill added to their tax papers)

A Farce? The improbable situation where we all look to the left where no crime was committed, we get the quote to ponder ‘A wonderful thing about true wealth is that it just destroys any kind of justice or equality‘, which is shown as the ‘criminals’ involved only pay 0.015% of the damages, the rest is paid for by those watching the damage outside the theatre.

A Satire, where we see presenters mock Mossack Fonseca, whilst they all laughingly carry the bags of ‘evidence’ into Rothschild Trust North America LLC and stating after the delivery that the carried laughter was not guilty of being un-American.

Last there is the Parody, which is exactly like the previous event, but it now just claims that the money shelves in Nevada are just so much prettier than the ones in Panama.

We ignore the Revue, as most politicians can’t sing and in addition, we prefer those who can sing not to do so!

So there are the moments of comedy, the question becomes, which version are we attending here? In this we need to look at Chris Jordan. You see, there is an additional part in this, which we see when we contemplate that this will be chaired by Mark Konza who is the head of the international tax department at the Australian tax office. You see, there is another side in all this. The side I mentioned earlier is also the biggest problem. You see, the Americans are being kept out of all this. This is in part of being confronted with a lame duck inhabitant of a not so circular white building. The quote to mind is “It occurred on the eve of a meeting in Paris of senior officials from the world’s tax authorities, who are intent on analysing the documents as part of new global strategy to crack down on offenders“, which sounds nice, but it is just an empty statement. That view can be fortified when you realise that after the President of the United States wasting the time of any officials in the Hague, we get the fact that after those events (as stated in the Guardian), that “opposition from the US forced the watering down of proposals“, which is what will happen again, but now in another way. You see, in the final moment of presidency, that person tends to be useless (not by choice), as the new president is about to be elected and can undo whatever this president leaves behind. Instead of setting the meetings until AFTER the elections, we see Saber rattling and empty actions. America is part of the problem here and until a strong legislation is placed, the only thing that this tax overhaul will do is play into the hands of Rothschild Wealth management.

Is that where we are heading to?

You see, no matter how we feel about it, we are presented a mere play where the bankers behind the screens are laughing out loud, and they aren’t even hiding that sentiment anymore. As trillions go into trusts and shelters we see no improvements, we see no changes. Until several fundamental changes are set into laws, all actions that happen beforehand are merely wastes of time. It only propagates the false image of the politician, the emptiness of sincerity of the bankers and the injustice of governments supporting these actions. That is the issue at hand and the press publications on a near global scale are ignoring this.

When you read the paper tomorrow, wonder where the US is and why the papers and politicians remain silent on all that.

Finally there is one additional point to make. It was initially mentioned by the Independent last Friday (at http://www.independent.co.uk/news/business/news/panama-papers-banks-must-declare-links-to-mossack-fonseca-by-next-week-a6972971.html) where we see “Banks must declare links to Mossack Fonseca by next week“, is that not interesting? You see they are not the only players. As stated, there is Rothschild Trust North America LLC and one of the larger players namely Natixis Global Asset Management. Are those mentions not equally important? You see, if this becomes a game of discrimination, what laws can be enforced? Common law has been very clear on that over the decades. It is even a bigger issues in France where we see: “Some French politicians have intervened, demanding that the French government permits US citizens in France the right to hold a bank account that is accorded to every other resident in the country. The national ombudsman, the Défenseur des droits, has also been asked to investigate cases of discrimination by French banks” an issue that played one year ago, which makes me wonder what additional infusion Natixis Global Asset Management received over the last year. In all that, will the tax commission be a comedy, or a mere circus with Chris Jordan and Mark Konza as ringmasters, because at this point, the Americans will stay in the shadows as much as possible.

 

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In anticipation of

Yesterday’s news is glowing like only Plutonium can, it touches, it infects and it spreads. The Panama papers are a hot item, radioactive hot. The only place I skip on judging is Iceland. It was the only European nation that achieved a near utopian standard of living, so the impact from the collapse in 2008 will still enrage its population for a very long time to come. If you doubt this than take a look at Oscar winning movie ‘Inside Job’, the one movie that is the biggest eye opener on economies in the history of documentaries. On the other side we get the biggest joke in UK politics, namely Jeremy Corbyn. His quotes on ‘how only Labour will protect Britain’s families’. Perhaps Mr Corbyn will take a look at his party’s history. How Labour in the age of 1997-2010 achieved absolutely NOTHING in changing the wheel of tax havens. So when Jeremy is voicing his thoughts, he should take a long hard look in the mirror. Any defence or deflection is pointless and absent of values. Both sides have not done their job in stopping tax shelters.

Most important is that no laws seem to have been broken. Yes, we now see that there are a few issues, yet when we see the Guardian (at http://www.theguardian.com/news/2016/apr/03/mossack-fonsecas-response-to-the-panama-papers), we see: “Finally, the instances you cite in your reporting represent a fraction – less than 1% – of the approximately 300,000 companies that Mossack Fonseca has incorporated in its over 40 years in operation“, that is the actual case in all this. A system that is allegedly 99% correct and above levels, is now under scrutiny, through no less than criminal acts. Now the weirdest case in statistical history. We are looking at 300,000 cases. In the dataset that is well over 2.5 terabyte we see a fact evolving that is now soon becoming an interesting side.

Here begins a level of speculation that you must comprehend, there is little evidence, only suspicions. I hereby warn the reader to not take what follows as given!

One source (fusion) is giving us: “So far, the International Consortium of Investigative Journalists (ICIJ) has only been able to identify 211 people with U.S. addresses who own companies in the data (not all of whom we’ve been able to investigate yet). We don’t know if those 211 people are necessarily U.S. citizens

Metro gave us this quote: “But weirdly, considering it’s the world’s largest economy, there was nobody from the USA. Is that because America is a beacon of transparent business dealings?“, the second quote is “Stefan Plöchinger, digital editor of German newspaper Süddeutsche Zeitung which obtained the leaks, shot out this teaser earlier today, saying: ‘Wait. Just look at what’s coming…’” (at http://metro.co.uk/2016/04/04/why-are-there-no-us-people-in-the-panama-papers-5794114).

One side states that more is coming, yet even under these properties even the term ‘there is more to come‘ becomes a highly suspicious consideration.

Now we get to the speculative side. You see, yesterday I made mention on the Libor scandal, yet I did not mention the part I speculated on initially (on April 1st 2013), in an article titled ‘60% confiscated and counting in Cyprus!‘ (at https://lawlordtobe.com/2013/04/01/60-confiscated-and-counting-in-cyprus/), at that time I wrote: “On 30th November 2010 Jullian Assange revealed that the next target of his whistle-blowing website will be a major U.S. bank. The same date a red notice was issued by Interpol. It was around that time that the hunt for Assange intensified by a lot. Perhaps the one bank was just the beginning? If we look back at the issues we know now, then there is a chance that someone made mention of the LIBOR percentage tweaking issue. If this is what frightens the US, then consider the consequences of a system like LIBOR being manipulated through the total value of trade. If that would have been off by 11.2%. Out of $1000T (UK and USA combined) then that difference would be $112T.

I would love to get 1% finder fee of that! It would make me the FIRST Trillionaire in history (not bad for a person only dreaming to be a Law Lord someday)

It was my speculation that Libor was not limited to the UK. It was my speculation that the US, as it was in such deep debt, that it started to manipulate the total value of trade, creating an 11.2 trillion dollar buffer. Here the danger for them was that the UK could illuminate that and that would have made the US option impossible and it would go bankrupt overnight (I still want that finder’s fee!). It was a speculation, yet founded on some data I saw, the data implies (cannot confirm or prove this), that packages were reset so that they would not falter, even though collapsed mortgages were added to them. See it as a leave one extra in. A repackaged deal where 70% had not yet collapsed sold at bargain price.

So how does this connect to the Panama papers?

Ask yourself a simple question, a firm like Mossack Fonesca would have extensive protection, firewalls and other shapes of protection. When you represent 300,000 firms worth trillions, only an idiot would rely on a laptop running on Windows 98 (a mere exaggeration). These people are not idiots, they are a lot brighter than I ever could be. This now raises the question how that much data got out. This raises the question, is this truly just about tax havens, or is this about a clear message from the US. The message is ‘Do not leave the EU, or else!‘ a message aimed at the UK and at France. Germany is willing to give aid, because for the most Germany does not want anyone to leave the EU. I personally see this step as a desperate act form large players who would not accept any responsibility from acts of immense stupidity. A path that evolved clearly due to inaction regarding Greece.

The fact that US people are not (yet) mentioned is because the US needs its wealthy with extreme desperate shortages. A nation (the USA), who is at present perhaps so close to bankruptcy that it will take desperate acts. So is the USA behind the hack on Mossack Fonesca? There will never be any clear evidence on that. There is no way to prove this one way or another, this is all clear speculation from my side.

Yet, is this so far-fetched? I personally do not think so, especially when we consider the timing. So as the UK tax havens might undergo slimming down, we could suddenly see another batch of US deregulations set for the creation of taxation, wealth building and retrenching. So will this happen? Is my speculation way too wild? I am not certain, you see, even I question myself. I would have had a lot less faith in all this if we would have seen the ‘revelation’ of Americans. That absence is what fuels certain paths of speculation. When we consider the amount of bonuses that many bankers in the US legally got away with gives weight to all this, in a group of 300K people and this group 0.01% currently American is too low and too unbelievable at present. There is of course all the chance that those names have been held back, time will tell!

So beyond the speculation we see the facts, because the facts matter. And the press is massively ignoring the impact that Brexit has, not just on the EU and their Euro, but it is the value of the US Dollar that is equally hit when that currency gets hit with the impact the Euro would expected to receive. President Obama’s nightmare has officially begun, because the impact is likely to impact the US dollar before he stops being an elected official. So tactically there is not the question of Mossack Fonseca and the tax shelters/havens. A tactical question that Bloomberg answered on January 27th 2016 (at http://www.bloomberg.com/news/articles/2016-01-27/the-world-s-favorite-new-tax-haven-is-the-united-states) where we see ‘Moving money out of the usual offshore secrecy havens and into the U.S. is a brisk new business‘, it is followed with the quote “It is now moving the fortunes of wealthy foreign clients out of offshore havens such as Bermuda, subject to the new international disclosure requirements, and into Rothschild-run trusts in Nevada, which are exempt“, so ask yourself the following question: ‘Are the Panama papers with the details from Mossack Fonseca a mere hack, or is this a coup d’état by big players like Rothschild moving money into the US, forcing the wealth and the powerful in Europe to face the danger that Brexit will soon impact their money and that must not be allowed’.

This last tactic is again speculation, but it is a tactical one, and it is supported by some facts. In that regard this tactic is old, hundreds of years old, because it was Niccolo Machiavelli who stated: “Never attempt to win by force what can be won by deception

I wonder what ‘revelations’ the Panama papers will bring, more important the parts the press will trivialise into the trashcan?

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