Tag Archives: Russia

In the lull of news

As people brace themselves for the outcome of another Greek deadline, the US army will find itself cut by 40,000 troops and there seems to be ongoing talks between Iran and interested parties. The last one is the one that feels like it is largely ignored. There is nothing sexy on nuclear talks and unless you are Israel, most people do not care. Yet, is that the clear truth?

This is what the BBC gives us (at http://www.bbc.com/news/world-middle-east-33424502), “The so-called P5+1 – the US, UK, France, China and Russia plus Germany – want Iran to scale back its sensitive nuclear activities to ensure that it cannot build a nuclear weapon“, which sounds of course really nice on paper (and in theory). Yet, when we look at the quote “The sticking points are said to include the duration of limits on Iranian nuclear research and development, guidelines for international inspections and how sanctions will be lifted. Tehran is also demanding that the UN ban on the import and export of conventional arms and ballistic missiles be lifted as part of any deal

We have to wonder for how long this ‘agreement’ will last and why we see ‘export of conventional arms and ballistic missiles‘, why is that? Perhaps certain Middle Eastern parties have been waiting on a Misagh-2 delivery? It might just be another model, so as we might understand that Iran would want to open options for import, the reasons for export are a little fuzzier as well as who would buy them? Russia? They have excellent missiles themselves and they supply them to nations all over the world too. So the question becomes, why allow for export? Especially when a captured stockpile of IS showed “26 of the recovered shells were made in Iran, an ally of Assad’s, and 18 were made in Syria itself, the report states” (at http://foreignpolicy.com/2014/10/06/where-does-the-islamic-state-get-its-weapons/). So certain parties are already getting arms somehow under an embargo, when the floodgate opens, the balance of power will shift in the Middle East, especially as certain parties are getting funded somehow (reference to Hamas). So even as we might not like, but could not openly object to Iran improving its defences (from Russian Stockpiles) there should remain a strong vigilant approach to not letting them export weapons of any kind.

In the Jerusalem Post we see the headline ‘Iranian official: US will remain our enemy despite emerging nuclear deal’, which is fair enough, and the quote “”Our enmity with them is over the principles and is rooted because we are after the truth and nations’ freedom, but they seek exploiting nations and putting them in chains” he explained further” is fair enough, we can’t all be friends, yet the problem is that its military commander stated ““This is the duty of the Muslim world to obey the order of the Supreme Leader of the Islamic Revolution (Khamenei) and arm the Palestinian people so that a powerful response will be given to the Zionist regime,” said Brig. Gen. Ahmad Reza Pourdastan, commander of the Army Ground Force” not too long ago (august 2014), which beckons the dangers of letting Iran export weapons. Consider that a mere lieutenant or a master sergeant can lose certain items in his depot at times, so how much can get ‘lost’ in a depot when a General is calling the shots?

Is that so far-fetched?

This is at the core if the issue, the heart of the matter is quite a different thing here.

You see, the core is about the enrichment. LiveScience had an interesting quote “Separating that type of uranium from the more common variety requires a great deal of engineering skill, despite the fact that the technology needed to do it is decades old. The challenge lies not in figuring out how to separate uranium, but in constructing and running the equipment needed for the task“, so if we accept “The key to their separation is that atoms of uranium-235 weigh slightly less than atoms of uranium-238” so if the approach of a centrifuge gives us “Each centrifuge pulls out a little bit of uranium-238, and then passes the slightly refined gas mixture onto the next tube, and so on, until many hundreds of thousands of spins later, the gas remaining in the tube is almost entirely composed of uranium-235” a clear explanation by Jeff Binder, the isotope production program manager at Oak Ridge National Laboratory.

Yet is that the only way? Stanford University has a course called Physics 241, where we see Uranium Enrichment by Misam Jaffer, who also gives us “Laser separation: The use of laser separation for uranium enrichment is based on the principle of differential photoexicitation of isotopes of uranium by the use of monochromatic radiation. One such process is the Atomic Vapor Laser Isotope Separation (AVLIS) in which the laser light used photo ionizes a particular isotope while not affecting the others and changes its physical or chemical properties which are then utilized to separate the desired isotope, which in uranium enrichment is U-235. In doing so, the U-235 ions are positively charged and hence are attracted to a negatively charged plate and collected“, we will get all kinds of ‘experts’ telling us how this is not as efficient, or other words added into telling us on how this is not good enough. Yet, with Brig. Gen. Ahmad Reza Pourdastan in charge in Iran, ‘good enough’ is not the issue, the issue becomes, is it good enough to make a dirty bomb?

That is the fear Israel has been dealing with, because when missiles start flying from around Rafah, they will not need a hit, it just needs to get close enough to Beer Shiva, Ashkelon and Tel Aviv to make the issue evolve into something truly terrifying for the middle east, because at that point the US has absolutely no chance of getting a hold of the situation. the fact that some of the negotiating players have no clue (or do not care) regarding that danger is seen in the quote “Foreign ministers of the other powers started to return to Vienna on Sunday to help push for a swift deal“, please give me one example where a nuclear ‘swift deal‘ was ever a good idea, and in light of the glow in the dark consequences, should the word ‘swift’ be allowed to be used?

You see, the end quote “US Secretary of State John Kerry said on Sunday that reaching an agreement is possible this week if Iran makes the ‘hard choices’ necessary, but if not, the United States stands ready to walk away from the negotiations” sounds nice, yet the reality is, is that the US has not had any clear defining diplomatic victories for a long time, in that light, the word ‘swift’ is not that reassuring and I feel 99.53324% certain (roughly) that it leaves Israel with not such a good feeling either, especially that any lifting of the embargo means that their Iron Domes might have to work overtime soon thereafter.

The last part is not just an assumption, with many newsreels on missile attacks on Israel in 2015 alone.

So how did we get from Iran to Israel? Simple, Iran is an open supporter of Hamas. In addition, the top leaders of the Iranian military are eager to carve their names in history in anti-Israel acts and Hamas is eager to oblige. The fact that ISIS is all over Gaza and the Sinai only makes matters worse. So as some might strip away parts of any embargo on Iran, they should also keep a keen eye on what they give away, because it seems that the issue is not just ‘what could aid Iran’, but these people are also contemplating (on a daily basis) ‘what could hurt the US and its ally Israel’, there is not too much on that side of the equation, which makes any ‘swift deal’ a worry for several players (read victims) involved.

 

1 Comment

Filed under Uncategorized

Dress rehearsal (part 1)

That is the question in my mind, are we in the final preparations of a new theatre play that will change everything? In the Green Room we have the people in preparation of the new mess they are about to bestow on the people of the EEC. A game that changes everything, yet the people behind all of this have a short term solution, because soon they will move out of the seats of power with a golden parachute, a golden umbrella, a golden handshake and a gold watch. They will get the most luxurious life imaginable, only by prolonging the power players. That is the very first thoughts going through my mind when I was looking at the article ‘Greek debt crisis: day of decision for Alexis Tsipras‘ (at http://www.theguardian.com/business/live/2015/jun/30/greek-debt-crisis-day-of-decision-for-tsipras)

When we look at this production in the limelight, we get a few parts, the introduction is all about comedy with the quick comedy play ‘It’s Greece’s problem, says Kremlin‘, yes, as Russia distances himself from that lefty organisation called Syriza that has elements of Marxist–Leninist, Trotskyist and Euro-communist. Must feel really nice for Alexis Tsipras to be the debutante at a Kremlin ball, only to realise he gave away his cherry for naught and got left out in the cold afterwards. Which means that one option he thought he had just left the exit on the left.

The intro act comes from Mariano Rajoy, our Spanish player. The quote ““What would happen if Greece came out of the euro? There would be a negative message that euro membership is reversible,” Rajoy said in a radio interview. “People may think that if one country can leave the euro, others could do so in the future. I think that is the most serious problem that could arise (from a Greek exit).”“, reflects not on Greece, but emphasizes on the danger France is about to pose. The players are comprehending the dangers, the news on Greece is coming from a few direction, but right from the bat, the others are now starting to manage the news any way they can. My reasoning?

Reuters reports: “Greece has not yet made any movement in response to a last-minute bid by creditors to broker a deal to end a deadlock over the Greek debt crisis, the European Commission said on Tuesday. Greek Prime Minister Alexis Tsipras called European Commission President Jean-Claude Juncker on Monday night and Juncker, after speaking to the chair of euro zone finance ministers Jeroen Dijsselbloem, explained what a last-minute deal could look like, Commission spokesman Margaritis Schinas told reporters. “This would require a move from the Greek government which President Juncker asked (for) before midnight last night. As we speak, this move has not yet been received, registered, and time is now narrowing,” Schinas said“.

In addition we see from Reuters:

30-Jun-2015 11:19:20 – EUROPEAN COMMISSION SAYS DOOR OPEN FOR GREEK DEAL, BUT TIME RUNNING OUT QUICKLY
30-Jun-2015 11:20:27 – EUROPEAN COMMISSION SAYS NO MOVE HAS BEEN RECEIVED FROM GREECE
30-Jun-2015 11:21:05 – EUROPEAN COMMISSION SAYS GREEK GOVERMENT WOULD NEED TO ACCEPT PUBLISHED PROPOSAL

In addition we see in the Guardian: “Danuta Huebner, chair of the committee on constitutional affairs at the European Parliament, has tweeted about the legality of Grexit“, she gives the following Tweets “A member state’s exit from #EMU without a parallel withdrawal from the EU, would be legally inconceivable #Greece

The link refers to a PDF (at the end of the article), where we see in the abstract “that a Member State’s exit from EMU, without a parallel withdrawal from the EU, would be legally inconceivable; and that, while perhaps feasible through indirect means, a Member State’s expulsion from the EU or EMU, would be legally next to impossible. This paper concludes with a reminder that while, institutionally, a Member State’s membership of the euro area would not survive the discontinuation of its membership of the EU, the same need not be true of the former Member State’s use of the euro

So, if the abstract holds any level of water, have we, the audience been played? Are we the people now being misdirected by missing legislation because politicians could not do their job properly? That is the question, because one EU paper, does not policy make. The introduction gives us “Until recently, to talk of ‘secession’ from the European Union (EU) would have been next to absurd“, really? Did you policy makers remember a man named Adolf Hitler in one corner and Arthur Neville Chamberlain with the Munich agreement in the other corner?

A paper linked to all this by Karolina Boronska-Hryniewiecka called ‘The Risky Game of EMU Withdrawal‘, which is implied to come from the Polish institute of international affairs gives us: “The EC’s statement about the legal “impossibility” of EMU withdrawal stems from the fact that no European treaty has included a provision for how a Member State could leave the single currency area. While Art. 50 of the Lisbon Treaty provides that any Member State may withdraw from the EU on the basis of a negotiated agreement with the EU institutions, it does not mention anything about the possibility of exiting EMU itself. At the same time, Art. 140 Treaty on the Functioning of the European Union (TFEU) provides that the rate at which the former national currencies are substituted by the “euro” for EMU members has been “irrevocably” fixed. What also follows from the EU treaties is that while membership is voluntary, participation in the EMU, apart from certain exceptions, is a legal, if eventual obligation of every EU Member State.

The links come from Danuta Hübner, Chair of the Committee on Constitutional Affairs, European Parliament. So why did no one properly look into this, or even report on this? I personally expected that the European members of constitutional affairs had their affairs in order, which means that if one local yokel (Alexis Tsipras) cannot get his act in order, there are decent steps that can be taken to either get that person in line, or expel his nation. Now we seem to get introduced that expulsion is not really an option. So in all the theatre plays we watched, it seems that the part, ‘expulsion is impossible‘ was never ever mentioned, was it?

And in addition we get “Reports are mounting that the Greek prime minister has not only accepted a deal but will travel to Brussels, possibly as early as this evening, to discuss it with senior EU officials. The deal, based on reforms proposed by EU commission president Jean-Claude Juncker late last night, is believed to have been rubber stamped at a meeting of senior government official held at the prime minister’s office, the Megaron Maximou, this morning. The German daily, Bild, is also backing up the reports, saying Tsipras has had contact with high ranking EU officials whom he will meet imminently. “The prime minister’s plane is at the ready,” the paper said.

This all comes from Helena Smith from the Guardian reporting. So, I feel comfortable trusting the source here. So now we have ourselves a fifth act. You see, in my view this is all about opening 7.2 billion if the 1.6 billion get paid. It must be really comfortable for any banker to underwrite a 7 days loan, with a nice percentage knowing that this payment is the first payment out of 7.2 billion. At 1% that banker ends up with a 16 million euro bonus, that is, if it is only one percent.

Yet, is it not me? Am I trivialising things, perhaps even over-dramatizing it?

Consider the next news “Here’s Bloomberg on Schaeuble’s comments: German Finance Minister Wolfgang Schaeuble told lawmakers in Berlin that Greece would stay in the euro for the time being if Greek voters reject austerity in a referendum scheduled this week, according to three people present. Schaeuble also said the European Central Bank would do what’s needed to protect the euro if Greeks voted against the bailout terms in the July 5 referendum, according to the people, all of whom participated in the closed-door meeting on Tuesday. They asked not to be identified, citing the private nature of the discussion. The German Finance Ministry declined to comment.

Now we have a ballgame. There is also an issue, why do they need to be ‘not identified’? It seems to me that the European Central Bank would need to do what’s needed to protect the euro. Yet, in light of what made the news from Danuta Huebner, chair of the committee on constitutional affairs at the European Parliament, we now need to consider what options are there?

These are important questions to keep in mind. Consider all the news I have brought in the last 6 months through my blog. This is now ‘set’ in the limelight with the Guardian article ‘Alexis Tsipras: Mr Reasonable seizes the initiative from Project Fear’ (at http://www.theguardian.com/business/2015/jun/30/alexis-tsipras-greece-deal-vote-referendum), how misguided is that title? The quote “Faced with Project Fear, Tsipras wants to be seen as Mr Reasonable“, is as misguided as it can. They have not just changed the game, they have left, what should be regarded as criminal activities open to reactivation. (I will get to that part in part 2).

First two quotes “It little mattered that the new blueprint from Athens had a shelf life of only a couple of hours before Angela Merkel said there could be no fresh negotiations until after Greece’s referendum on Sunday” and “Somehow or other, Greece’s debt burden will be reduced. It can happen through a deal in which Athens gets debt relief for economic reform. Or it can came through a default that would swiftly follow Greek exit from the single currency. Everybody knows this, and it is bizarre that an explicit proposal for debt relief was not formally made to Tsipras in last week’s talks

You see, the game is changing, yet some elements have been ignored and some were never given clarity. So as Greece wants another extension 2 minutes before midnight, as they want another bailout of 30 billion with better terms, the game is now taking another term, one that the people behind the screens cannot contain, in the end, they are cutting their own veins even deeper than Greece ever did, but let me back that up with some facts, because without facts, this all becomes a rant (which anyone can get whilst reading the Telegraph, or an equally disastrous form of news coverage).

The quote “Juncker earlier told Tsipras that a last-minute deal was still possible if Athens agreed to sign up to the creditors’ proposals presented last Friday. He also dangled the prospects of debt relief for Greece and a €35bn “new start for jobs and growth” programme” from the Guardian (at http://www.theguardian.com/world/2015/jun/30/greece-brink-financial-collapse-imf-deadline-hours-away) gives us the salutation I made on May 6th (at https://lawlordtobe.com/2015/05/06/whats-the-matter), where I stated “when the voters learn that Greece is about to desire up to 30 billion before the end of the year, so that it can pay the outstanding bills“, so not only was I right all along, it is possible that the Greeks delayed because of the fear what it would do to the UKIP numbers and subsequently a first serious move away from the EU. Now, not only is Juncker offering 5 billion in addition, it comes with very little extra hardship for the Greeks, especially the previous Greek politicians.

Yet, now, as I mentioned, the game changes. With the migrant issues in Calais, Marine Le Pen is about to take control of another piece of France, which will soon prove to be really bad news for President Hollande. In addition, the quote “In January she asked French President Francois Hollande to suspend the visa-free Schengen Area in Europe and strip dual nationals of their French citizenship if they carry out “barbaric crimes”“, give us an additional change. It is not a given that the changes to Schengen will happen, but if it does, it is clearly in addition a preparation to move France away from the EU. Her statement a week ago clearly indicates the change she wants to impose.

In all this, Greece now stands alone, because the drive on the shores of Brexit and Frexit are now clearly stated in the news, stated by these politicians, which in case of Marine Le Pen is not a good thing for Europe, because unless her demands are met, she will call for an exit from the EEC, not just the Euro, which changes the game by a massive margin. So when I see the quote “but what Tsipras has done is seize the initiative“, it must be stated that it is an incomplete view, because the response from both the UK and France is about to give the world of finance a massive headache, one that will continue for the next 20 months, especially as Marine Le Pen ends up as the next possible leader of France, for which she is currently in the lead, ahead of Sarkozy and Hollande. The laughing whisper two years ago, is now a realistic threat, interesting how so many journalists missed this escalation.

There are more signals, all indicative of one more act on the floors of the theatre.

And the act starts with a gloomy theatre, men and women in black, handing a folder, from person to person, they all look at it for a few seconds and give it to the next person. This goes on and on. Yes, we get to the article ‘IMF: austerity measures would still leave Greece with unsustainable debt‘ (at http://www.theguardian.com/business/2015/jun/30/greek-debt-troika-analysis-says-significant-concessions-still-needed). The story already starts with questionable statements “Greece would face an unsustainable level of debt by 2030 even if it signs up to the full package of tax and spending reforms demanded of it, according to unpublished documents compiled by its three main creditors“, the reason that I call it questionable, is because Greece is what I call a 3G nation, which means it will take three generations for this debt to become close to manageable. So, with that I imply that the debt is still a massive form of pressure in 2061, there is no escaping it. Even with reforms Greece is no longer able to meet the interest payments and the payments after the payment reduction, unless it makes MASSIVE changes to its laws and its social system. This includes holding politicians accountable for overspending, making them prosecutable for criminal negligence if they cannot meet the budget. It is close to the only change that will start stopping the madness. In addition, tax laws need a massive overhaul, one that should be part of the IMF demand before Greece gets one additional eurocent.

By the way, Greece is not alone, Spain, France and Italy are all 3G nations at present. The UK is not that deep yet, but it will take a generation of hardship to get the debt under control.

That (secret) document also states “that under the baseline scenario “significant concessions” are necessary to improve Greece’s chances of ridding itself permanently of its debt financing woes”, is that even a surprise? I figured that out over a year ago, doing the math of my fingers, an Abacus was not required, this is exactly why I opposed Greece to be allowed back on the market selling another 5 billion in bonds. But the power players wanted their commission and as I see it a 100 million euro bonus is just too good to pass up.

So here in short is part one of this story. Certain elements are in play and have been in play for some time. Greece has done next to nothing to clean up its act, its laws and its massive shortcomings. As we see again the voices of many shouting against Austerity, we have to wonder whether people even realise what they are shouting against. You see, austerity is merely keeping a budget, for close to two decades governments have overspend every year, this is how Greece got into this mess, it had spent money that it never had. It is not alone in this pretty much every EEC nation is guilty of this and whilst some are still afloat, Greece is the first one who cannot even commit to the due interest bill, that is at the foundation of this debacle. So austerity is not a punishment, it is not a right, it is a mere responsibility and it has been forfeited by nearly every EEC nation for much too long.

I will give more answers in part 2 of this article, hopefully the day after tomorrow.

Withdrawal and expulsion from the EU and EMU

4 Comments

Filed under Uncategorized

Upping the ante!

It seems that the play, that I feared for is now becoming the play that the power players seem to relish. This is no longer about Greece or the Greeks, you see, as I have shown and stated on several occasions, this is about the status quo, and the fallout that will follow will be one that shows the end of many ways of life in Europe.

This is in part about the article ‘Creditors offer Greece six-month bailout reprieve as Tsipras weighs response‘ (at http://www.theguardian.com/world/2015/jun/21/greece-crisis-creditors-aim-deal-six-month-rescue-extension), we see the photo with the annotation ‘The Greek prime minister, Alexis Tsipras, arrives at this office in Athens on Saturday. His key demand is that the creditors offer debt relief to Greece‘. Here we see the use of media, as we see another theatrical pose by Alexis Tsipras, we see the caption that is now more an annotation. The illustrative explanation that now makes way for a presentational mark-up.

There is a huge difference and many people are in a place where they can no longer see the difference.

You see, it is no longer about the Greek people, the creditors never cared and the politicians involved for the most did not care either. You give me a clear example where adding debt was for the benefit of the people and I will introduce you to a liar, because the bills must be paid! Whatever forecast the Greeks are offered now, it will be almost certainly be downgraded after a respectable time of misrepresentation and managed bad news, you know after a sudden error or overoptimistic forecast could not be met. That is how I clearly see it!

The quote “extending its bailout by six months and supplying up to €18bn (£12.9bn) in rescue funds” is not about rescue, it is presented as rescue, but it is about paying bills that Greece can no longer pay. It takes care of the bills, the outstanding payments due and less than 6 months of interest payments. In 6 months this starts all over again, whilst the total debt goes up by almost 4%. Added to this is the quote “a breakthrough hinged on a positive response from the Greek prime minister, Alexis Tsipras“, so whilst no concession was made in 6 months, one confirmation, whilst no official plans have been agreed upon will allows the involved players to continue, as they reap the rewards, walk away and leave the next person with an even bigger mess to solve, that is, whilst we see that at present payments are no longer a reality.

You see, in the larger scheme of things, there is a massive upside, the American players involved are not too bright as I see it, they think ‘short term’, with their focus often on personal gain (read: bonus) and personal options (read: their next career step) as they leave the legacy to whomever comes next. It is not the same as the 2004 events, but the consequence will be a lot higher.

As I see it, this act is now enabling UKIP and National Front at the centre stage to illuminate how these short term vultures are totally irresponsible and the rest of the EEC will have to pay in six months’ time (if the reprieve goes through). The run to these two parties is likely to grow almost exponentially. If the UK will call the referendum sooner, the call for breaking with the EU might become overwhelming. The push in France will grow a lot stronger at this point too. That part I had illuminated before, now consider the BBC article ‘France polls: A step closer to power for the National Front?‘ from March 21st. “Polls suggest that the party’s leader Marine Le Pen is likely to reach the second round of presidential elections here in two years’ time. She’s not predicted to win, but even so, it is a striking result for a party that currently controls just 11 towns in France“, that danger, makes the involvement of President Hollande from the quote “Negotiations were continuing on Sunday night, hours ahead of crucial gatherings of Eurozone finance ministers and leaders in Brussels, which Angela Merkel, the German chancellor, François Hollande, the French president, and Tsipras are expected to attend“, his support, also means that if Tsipras breaks (or changes) any given word now, whatever ‘change’ is pushed for in 6 months will hit the French unbalanced powerbase even harder.

You see, the pushers for the status quo are outside of these discussion groups, it is clear that someone from the US (likely Jack Law) has voiced concerns in resolving this, the problem is that the US is (as I see it) bankrupt and those behind it will get paid no matter what, especially as these funds will be used to pay those involved, which means an even stronger movement away from regaining balance. In all this, the Greek population will get to live with the consequences, not the power players behind the screens and likely not the political groups involved. So, as we see “The crisis meeting was convened in an attempt to ease Greece’s debt crisis before a critical €1.6bn payment to the International Monetary Fund falls due next Tuesday“, they are now setting to add 10 times that amount, added to the debt, in addition to the added funds pushed, after we saw the bank run fuelling a quicker setting to the Greek nation’s insolvency.

As we look at the subtitle ‘include up to €18bn in rescue funds, and later debt relief‘, yes it is set against concessions, but how are they enforced or monitored? The later debt relief will no doubt be almost twice the initial payment, which gives Greece up to one more year, but that push for status quo whilst there is no true evidence whatsoever that the economy will go strongly positive makes this a rather risky investment and it is not unrealistic that the Greek population will end up paying for it in several ways.

You see, it does not matter what President Hollande thinks now, he will get what he can and retire somewhere else, the problem will be National Front and Marine Le Pen, who can now (if the Greeks go overboard) make a pointed finger to the EEC, to Greece and to Jean-Claude Juncker stating ‘they have spent your money!‘ What do you think will happen next? In addition, this could start a debate in the UK whether the UK referendum ends up getting pushed forward, still likely in 2016, but now a Q2 or even a Q1 date, which is not that unlikely. In this as the Conservatives are contemplating what to do, UKIP can push its visibility, which gives way to the concern that a minor party can now influence a majority leading party. It is not a given, but it is becoming more and more likely. So as we will soon see economic threats from banks and other players stating ‘beware if you leave the EEC‘, they seem to forget that the voters have had enough, many are living on or below the poverty line and they are extremely unhappy to see Greece walk away yet again, not being held accountable for their irresponsible acts, whilst these voters cannot make ends meet. It drives Marine Le Pen forward and it will have an effect in the UK too.

The short term players do not seem to care, as they are focussed on their little needs, but what comes after is not easily stopped, and this 11th hour half-baked Greek solution will come with a terrible second invoice. How likely is all this?

There is a part that remains an unknown to all involved (including me), the fact on how powerful the status quo players are and on how these issues are brought to light. They will influence the game that is going on, but in all this, one part is in clarity, as I see it, none of the players have the welfare of the Greek people in mind, which I consider the most disturbing part of all.

Now we see the new headline ‘Greek debt crisis: Tsipras concessions welcomed as ‘good basis for progress’‘ (at http://www.theguardian.com/world/2015/jun/22/greek-debt-crisis-tsipras-offer-is-welcomed-as-good-basis-for-progress). The question becomes, what exactly are the concessions. The first indicator is “Negotiators are promising debt relief for Greece, which has seen its economy shrink by one quarter since the crisis began, but officials have stressed that a breakthrough will depend on a positive response from the Greek prime minister“, now, I have no issue with debt relief perse, but who gets this write off? In the end, who gets to pay for the loss of debt? You see if Greece does not have to pay it back (which is fine by me), who has to front the money? As long as this is not reflected on the taxation of the people (read the banks pay for these out of their own profits), than it is all fine by me.

The second issue is the one I discussed earlier. “Greece’s international creditors are looking at a deal that would extend the country’s bailout by six months and supply up to €18bn (£12.9bn) in rescue funds“, again, fine by me, but this additional debt is for a large portion about paying debts and interest, whilst the foundation of the debt rises again, how is this ever a solution?

So as we see the quotes: “In Athens itself, more than 7,000 people took to the streets for the second time this week to protest austerity with banners reading “A different Europe with Tsipras” and “You can’t blackmail the people, the country is not for sale”“, the question becomes, why do the Greeks not realise that their own politicians sold Greece from under their feet? The debts had been spend by Greece and arranged by Greek politicians.

And the final quote proves that I was right all along: “Louka Katseli, the chief of the National Bank of Greece, told BBC radio: “To enter into such uncharted waters and take up all the risk both for the Eurozone and for Greece for two or three billion [euros] difference, I think it’s insane.”

You see, they were not playing ball because they knew that the predicament for France and Italy would be almost unbearable, and here we also see, what I would call a clear lie by the National Bank of Greece, Louka Katseli. He states ‘the risk both for the Eurozone and for Greece for two or three billion [euros] difference‘, no Louka! It is not for two or three billion, it will be for the additional thirty billion that Greece needs, the raising of the debt ceiling (again), the €7.2 billion, the €10.9bn, which got classified (and booked) as recapitalisation, and this will not last past December, it could even be harder. You see, Ekathimerini reports (at http://ekathimerini.com/4dcgi/_w_articles_wsite2_1_28/12/2014_545761) states a holiday bookings drop of 50%, which is massive! Now, even I have some debate on how correct those numbers are, so do not just rely on this, yet eturbonews (Global Travel Industry News) reported that Russian tourists could drop by 40%. Now, make sure you notice the word ‘could’, because that makes it a prediction and even though this last article is only a week old, the overall tourism for Greece is a lot larger than just the Russians. A more reliable Dutch source gives us (at http://www.nrcq.nl/2015/06/02/toch-maar-welniet-met-vakantie-naar-kos) gives us that the numbers to Greece are down, but not by a large extend, and so far, the pull to Greek vacations is better than 2013, which would be a good thing for the population. One agent has seen rebooking of Greek vacations, yet these changes were from Kos to Corfu, not to a non-Greek destination, so the Dutch drop is not that large, yet it is there, so this also implies less money into the state coffers than already voiced loudly last week.

I must pause and take notice of facts. Is it just me? I must doubt my own view, when I am the only one having it, that is logical, yet the view of this system of pretending a fake status quo whilst the Greek government is not fixing its flaws and demanding more money is extremely unhealthy. Those enabling all of this seem to remain behind the curtains of the press, which is even more discerning.

So as Louka Katseli states “sanity will prevail”, we should wonder, for who it will prevail, because adding €18bn (£12.9bn) onto a nation that cannot pay its bills is not sanity, especially as the governors of that nation refused to take any action, any move of good faith towards the people who had lend them the previous amounts in the first place. If I would go to the bank tomorrow asking for a loan of 25 million, there would be no way that I would get it, so why did Greece successfully end with close to half a trillion is equally puzzling, especially as the same measurements for me would not hold water, how does it for Greece?

In the end, Greece not acting is the plain reason for Greece possibly facing the ‘Grexit’. I use the word possibly, because as we see in the news today, all the players are all about adding water to the wine, whilst Greece is not drinking at all. So there is no real answer what will happen next. And in the end it is twofold. The first is the deal that needs to be made, the second will be how to tell Europe all this because President Hollande knows very well that Marine Le Pen is waiting to voice his words and let them spike into the heads of frustrated and angered French citizens all over France. over 10% is unemployed and almost 13% lives in poverty, which overall is not that bad compared to other places, in the UK it is now stated to be a third, which is massive (at http://www.theguardian.com/society/2015/may/20/income-poverty-third-uk-population).

This is at the heart of several issues as I have been stating for a long time. Am I correct? Well, most facts came to pass, the fact the Greece has not been exited makes my prediction flawed, yet we must not underestimate the extent of time shifts that have been done just to facilitate these events. That view is only reinforced 10 minutes ago, as new talks start. A theatre routing partially in Greek, partially not, with a mock slap this talk starts. All to feed the press, but the issues are of a deadly serious nature for the Greek population, so as they lighten the mood, we must wonder, where the puppeteers are. So is this a plain Punch and Judy show, or is this a Jeff Dunham spectacle, because the voices behind the screen are those that have been twisted to sound like, this conclusion comes as Christine Lagarde stated 2 days ago that there would be no grace period for Greece, now suddenly there are concessions, yet we are not yet informed on the concessions and certain parties are now willing to open the purse for 6 months of leeway. So if that does happen, no leeway was given (theoretically), it would be classified as a partial agreement, hence the ‘concessions’, which ones? We will know soon enough!

 

Leave a comment

Filed under Finance, Media, Politics

More FIFA shit?

That was the very first thought I had when I found the article in the Guardian (at http://www.theguardian.com/football/2015/jun/07/russia-qatar-lose-world-cups-if-bribery-found-fifa). The article ‘Russia and Qatar may lose World Cups if evidence of bribery is found‘. Domenico Scala, the independent chairman of FIFA’s audit and compliance committee decided to open his mouth. Which sounds rude, but that is what it adds up to. You see, in all this, as I see it, nearly EVERY MEMBER of FIFA seems to ignore, or sidestep the report by Michael J. Garcia. Is it not interesting that the report called for far trivialised by FIFA and now it has been silenced? Is it remotely possible that Michael J Garcia was the only uncorrupted voice?

It seems like a hard verdict and it seems crass to say so, but I have an issue with an interim manage with massive big business ties. Many of them none too pleased with either Russia or Qatar winning the ballot. With the quote “The new evidence, obtained by the BBC, appears to show how the 2008 payments from Fifa – ostensibly for a Diaspora Legacy Programme promised by South African World Cup organisers” we do take notice, especially as BBC had been on the case of Jack Warner for a long time, but how does this connect to Russia or Qatar?

The article then shows more with the quote “‘after talking with everybody … Whose votes went where? We’re all colleagues, you know. And then we found out that actually Morocco won by two votes,’ the Sunday Times reported Bhamjee as saying“, which seems to be another worry, as I see it, one of the next world cups should then be allotted to Morocco by default, which one is hard to say, 2026 perhaps?

But the article seems to go off to the side, you see the one small quote “had also alleged bribery during the 2018-22 race” is not enough. In a river of papers, documents and evidence the issue of Russia and Qatar are now set in 9 words.

So why is the Michael J. Garcia report held back, why is Michael J. Garcia not talking? It seems with Fat Cat Sepp and loads of others gone, Garcia might become untouchable, depending on that report, so why is that kept behind closed doors? That is part of the reason why I am not willing to give Domenico Scala any leeway or trust, especially with his biopharmaceutical links and his past in Nestle and Roche. These are global players with their claws all over the place. As I stated in my earlier blog regarding FIFA, ‘is it more likely than not’ that large corporations want Qatar to go because of the hundreds of millions in advertisement that are lost because of the Qatarian situation? Having the investigator who basically sleeps in the bed of these large corporations is not a mindset put at ease. The fact that Michael Garcia has vanished in a cloud of non-publications for almost 6 months does not help matter either. The fact that the press is not all over this is even more unsettling.

Then the last sentence, which is actually quite the firecracker. You see the sentence “The Sunday Times says that it supplied the evidence to Fifa five years ago but that it had not acted on it“. Of course, the fact that it is directly linked to Rupert Murdoch does not help the case. But the issue that does play is whether this interaction is in Michael Garcia’s report does matter. You see, if Garcia has it, what were his findings? If he did not have it, the question becomes, who has been regulating the mailboxes of the FIFA members. At this point it is likely to be more than just a reference to people like Jack Warden, because whoever did that (if it was done) must have been a person who is very high up the ladder of FIFA.

The one thing that puts the people (especially the Soccer lovers) at ease is the one step that FIFA is not making, now we get a new one in ‘charge’ and we see more headlines with the mention ‘if evidence of bribery is found‘. So, is my lack of trust that hard to grasp? Overall is there any faith in FIFA at present? Not by me, I do not matter, but those who are truly passionate about soccer, those who felt the reality, which they have expected so long, it still hit them like a kick in the nuts!

They are the people Domenico Scala needs to connect to, especially if FIFA is to have any future, because the news now is just news, but son we will see day after day the issues of extradition that is being fought by those allegedly corrupt, who are in fear of future for their sphincter as they enter the US courts. Then the actual courts that will take more months and more news again and again on FIFA and corruption. If Domenico Scala wants the trust of the people, the true soccer fans, than as I see it, he has no choice but to publish the report, preferably with Michael J Garcia standing next to him vocal about every part of his report. It is not the view Hans-Joachim Eckert would like, but there are questions, questions that also include the ethics committee. So as we see the quote that BBC had on December 17th 2014 “Fifa president Sepp Blatter said: “I am surprised by Mr Garcia’s decision. The work of the ethics committee will nonetheless continue”“, in light of all the arrested and one person who resigned, how did the ethics committee continue, and did it actually continue at all?

Having someone on the ethics committee does not mean that there is an ethics committee, for that reality, one need not look any further than the UK and its view on ‘justice’ via Justice Secretary Chris Grayling. The amount of my peers that have loudly voiced their view on what the Lord Chancellor regards as legal aid, which by the way is what you usually hear when a truck drives starts shouting after a traffic jam of 18 hours, it is not healthy on the ears!

In all this, many articles and several decision only seem to fuel uncertainty, especially regarding trust of FIFA that is now getting louder. Uncertainty will lead to a more grim view on what will happen to FIFA. You see in the end, the power of soccer is Europe, which means that if enough uncertainty is voiced, someone in power will voice to secede FIFA and make UEFA the one power in Europe. FIFA might laugh now, but the large soccer nations include UK, The Netherlands, Belgium, Germany, France, Italy and Spain. If three of these, agree on that action, they can pull a host of other european nations across. Let’s not forget that 70% of the power of soccer is Europe, it is not America, Asia or Africa. So whatever is left for the world cup will diminish the ‘world cup’ into a trophy of a few nations that will soon thereafter see that all the funds of soccer remains in Europe, at that point large corporations will pull out and the 6 billion Euro dream that was will be a devaluated nightmare. That nightmare will continue with every court iteration the US goes through on corruption.

That view only polarises further when we consider the quote “He has threatened to release an “avalanche” of secrets about FIFA and its embattled president Sepp Blatter, who last week announced his intended resignation“, which was in the New York Times (at http://www.nytimes.com/2015/06/08/sports/soccer/at-center-of-fifa-scandal-a-divisive-politician-in-jack-warner.html. This ‘threat’ is not entirely impossible as Jack Warner was previously a minister of national security and transportation. So we will soon see the ‘spook’ stories in the Telegraph I reckon.

In all this, the media will become the hyena that needs feeding, if Domenico Scala is to get any handle on this, releasing the full report of Michael Garcia would be a first step. It will not matter what that report states, you see, if it is useless, it will only reflect on Michael Garcia, if it was dynamite, it will hit resigned president Sepp Blatter, but it could also have repercussions for Justice Hans-Joachim Eckert, but that would depend on the report itself. If it does show that there were issues with both Russia 2018 and Qatar 2022, well, as I stated before, let the chips fall where they may!

So as we will get more FIFA shot for a long time to come, which has a hidden treasure (if Swiss Law helps me out here).  You see, life in Switzerland is not cheap, even though he has millions, now all that money going to him will be mapped, anyone ‘helping’ him out will soon fall under the investigative scope of the US as well, due to possibility of being an accomplice. I am not stating that those people are that, but a criminal investigation is taking place. Now he is in a land where bank secrets will not help him as he is under scrutiny of extradition, in addition, Scotland Yard (who must feel humiliated as this all happened under their noses) are now looking at him 24/7 as well (a presumption on my side). Jack Warner is under a microscope whilst his sons are talking to the FBI, naming their father as a joined co-conspirator. The fun never ends, with every claim he does not pursue (the avalanche of secrets) his position becomes weaker, whatever he reveals implies his connection and it weakens him further as his former ‘friends’ will want to stay away from that toxic environment. He still gets hit, no matter what. I would think that as a former National Security minister, he would have planned his tactics a little better, but that could just be my wrongly skewed vision. Now this comes to blows with the press, I wonder what Brigadier General Alfonso will do. Now that his former colleague is accused, will the General start an investigation into the bank accounts of the agency? I am not stating that Jack Warner stole anything, but what if he used the accounts to syphon money in more than one direction, not just to receive, but to make payment. Now we have a ballgame that is more entertaining than soccer, because if that is so, than Trinidad could be touched by the FIFA scourge. If so, Jack Warner might stop fighting extradition, just to escape the wrath of Brigadier General Alfonso.

In all this, never forget the parts that matter here, there is no evidence that Jack Warner had nothing but the highest love for his Trinidad, his need for … ‘susceptibility to gifts’ does not diminish his national love or in his view his national pride, but how is it viewed by his peers and other around him? That question touches on the quote “The prime minister of this Caribbean republic walked out of a session of Parliament on Friday, angrily chastising a fellow politician and former ally, Jack Warner, who finds himself and his two sons at the center of soccer’s widespread corruption scandal” which the NY Times article started with. You see, overall corruption is not a new thing, it happens in many places, it is just a clear fact that when it gets out in the open, those persons are usually not liked anymore. The same danger he faces all over the field, which is why some of the aspects seem so funny to me. He might throw a few parties now in Switzerland, but soon he will face the reality of legal fees and cost of living, because whatever he wants to pay with will be under none stop scrutiny.

So, we will see plenty more FIFA ‘shit’, the question I have is how UEFA will act and react, because faith in FIFA could soon be at an all-time low, more important, what is Electronic Arts (EA Sports) not willing to pay for?

Leave a comment

Filed under Gaming, Law, Media, Politics

Condoning corruption!

There is no escaping the news, FIFA is currently getting smeared all over the place, but before we start painting the roses red, the question we must ask is who are we trying to appease?

Our own sense of morality perhaps?

My first writing on all this started on March 19th 2014 in ‘Any sport implies corruption!‘ (at https://lawlordtobe.com/2014/03/19/any-sport-implies-corruption/), There I looked at the first allegations against Qatar. The evidence presented was highly debatable. It took me to a response Lord Denning gave in the trial Miller v. Minister of Pensions [1947] 2 All ER 372. The statement was “more probable than not”. In the end, I had reservations on whether Qatar was guilty of bribes. I finalised my view with “it is more likely than not that three people were falsely set in an illegal light so that several unnamed persons could walk away with many hundreds of millions of Euros“. My view was apparently a lot more optimistic!

Now we get to the news of the last few days.

On May 27th FIFA officials get arrested on corruption charges. (06:00)
On May 27th Criminal investigation into 2018 and 2022 World Cup awards opened (09:30)
On May 27th FIFA presidential election to go ahead, no 2018 and 2022 World Cup revotes (10:30) (source: http://www.espnfc.com.au/)

At 14:30 4 members, Chuck Blazer, Jose Hawilla, Daryan Warner and Daryll Warner plead guilty. So, even as daddy Warner proclaims his innocence, it seems that he was able to instil values of corruption in his boys. However just now in the Wall Street Journal (at http://www.wsj.com/articles/three-men-with-ties-to-former-fifa-official-aided-probe-1432859617) gives us the quote “businessmen who have been involved in ventures…including ventures involving their father”, which gives way to daddy Warner being in water a lot warmer than he might find comfortable.  But in all this, the disturbing part is not the fact that FIFA seems to be corrupt through and through, it is odd in my view that this has been going on under the watchful eye of police forces all over Europe, as well as Interpol. These events were all brought to light by the Federal Bureau of Investigation (of FBI for short). Is that not puzzling? I was not the only one thinking this. A similar thought came from Chris Bryant MP (at http://www.bbc.com/news/blogs-the-papers-32925653)

When we consider certain facts.

From USA Today we get “Blazer was a member of the FIFA Executive Committee from 1996 to 2013, when he was replaced by Sunil Gulati. That same year Blazer was accused of taking over $15 million in payments from FIFA over the course of his tenure and was suspended“, so now suddenly he is regarded as a ‘Report: Former FIFA executive-turned-informant‘ and he had a $6000 apartment for his cats! So, basically he had a pussy place for that cash? Yet the part that is linked here is “CONCACAF’s offices took up the entire 17th floor, but Blazer often worked from two apartments where he lived on the 49th floor“. It seems to me that there is a lot more going on here. Is it perhaps (mere speculation) that certain meetings were to be taken in a deniable setting? More important, I get it that the FBI caught on, but why did the Police forces all over Europe remain blind to all this? In addition, this also brings the entire Michael Garcia debacle again into focus. The fact that this level of corruption had been going on, and as far as we can tell, it happened under the nose of Michael Garcia. When we consider he had been digging into the entire corruption issues for both 2018 and 2022, it seems odd that no flags were raised when we consider the lavish lifestyle of some members. The fact that his appeal to publish the entire document he worked on was overthrown, now these people will get to explain a lot as the corruption scandal spins out of control and anyone now trying to withhold information could end up painted black by the ‘corruption brush’!

It is Attorney General Loretta Lynch who says it best: “It spans at least two generations of soccer officials who, as alleged, have abused their positions of trust to acquire millions of dollars in bribes and kickbacks”, so over two generations, decades in activities and the President Sep Blatter remains blind to it all? I am not stating whether he was involved, that is up to the FBI and they did not find anything, the fact that he should have been aware something was wrong is ample evidence that Sep Blatter is nowhere near fit to preside over FIFA. Not when something like this goes on for decades under his presidency.

If we accept the view from the Guardian (at http://www.theguardian.com/commentisfree/2015/may/28/fifa-expose-british-press-andrew-jennings-sunday-times-corruption-fa), where we see: “Andrew Jennings, 71, who has traced Sepp Blatter’s footsteps for more than a decade. Jennings worked for the Sunday Times and BBC’s Panorama. His BBC film about FIFA corruption, The Beautiful Bung, appeared as long ago as 2006“, so as we consider these facts and the fact that this happened, for a large extent under the eyes of Sep Blatter, as we see that he had made no moves since the 2006 film, which should have been an eye opener for him, Scotland Yard and Interpol, but it was the FBI in 2015 who got it done!

Is there no blame? With this level of negligence? I hardly think that is the case and as I see the presidency of Sep Blatter should be cut immediately. In addition, if FIFA wants to regain any level of credibility, it has in my view, no other option but to publish the full report by Michael Garcia. You see, what is in there will be revealing, but I feel certain that what is not in there might be worth even more. Because all this happened, because certain steps were not done and even the tail coat of Michael Garcia is very likely to get smudged. Now let me be clear, I do not believe that Michael Garcia did anything wrong, yet as he started his role in July 2012, he must have had a few thoughts on how he can remain so isolated from the entire pack, as it was devouring the better part of 150 million. Red flags should have been raised in the corner of his eyes, but that might be just me speculating!

The other part hit me when I read the article “Chuck Blazer: FIFA ‘supergrass’” (at http://www.bbc.com/news/32913599), when we consider the quote “it was at this time that Blazer signed a contract with Concacaf that entitled him to 10% commissions on all sponsorship and TV rights deals through his company Sportvertising, giving rise to his nickname of ‘Mr Ten Percent’“, so he gets 10% and still he gets on the Trans Corruption Express? In 2011 he gets the option to become the inside man, the informer. It seems to me that this person has been given a way to lavish life, with 2 repayments. The first one of 1.9 million and another one still to come. I reckon his attorney will use the ‘colon cancer card’ for maximum effect.

I reckon, the FBI did in light of the inaction by so many others, a great job!

The question on everyone’s mind will be regarding the future of FIFA, because without a complete overhaul and without a complete rewriting of the rules, there is every chance that FIFA might not be tolerated any further. There is one more matter, which was set at http://www.theguardian.com/football/2015/may/28/australian-police-asked-to-investigate-500000-payment-to-fifas-jack-warner. Here we see ‘Australian police asked to investigate $500,000 payment to FIFA’s Jack Warner‘. So this is another ball game. My question is in the first degree, what was the payment for? Was there a receipt? The Sydney Morning Herald had an interesting part: “The $500,000 payment by the FFA to a football association bank account controlled by Warner – a payment ostensibly made to redevelop a stadium in Trinidad and Tobago“, so why was the Football Federation Australia paying to redevelop a stadium there? The second quote “The FFA on Thursday defended its failure to report the matter to Australian or US police on the basis that FIFA – the organisation now at the centre of an international corruption storm – asked them not to” is even further troubling. Basically, FIFA officials seem to get away with it, the moment the word ‘FIFA’ and ‘request’ are mentioned together, the simple application of Common Sense went straight out of the window.

Even though there will be no resetting of 2018 and 2022, issues still need to be addressed. There is now an additional side to all this. Editors seem to forget at times what they do, but let me remind you regarding the article I wrote on November 14th 2014 called ‘Sacking the editor?‘, in there Martin Ivens is quoted by Reuters: “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”, is that not interesting? So, did the police act on any of that? Is it perhaps possible that the allegations from a newspaper actually hindered a criminal investigation? It is hard to say as the direct facts are murky (and my view on UK Criminal law is murky too), but it all gives way to a hidden stream of events under the FIFA tsunami that is now hitting the press. Has the press shouted ‘wolf’ so often that certain officials stopped acting? That is the direct question here, because the indignation that Chris Bryant MP voiced (Labour) is very real. Why did the FBI solve that what should have been squarely in the corner of Scotland Yard and Interpol. Andrew Jennings is only one of many sources that seem to have been ignored by many people and players on numerous levels.

So, are we condoning corruption? Before you say ‘no’ consider how long this issue was unattended and the fact that the FIFA president, who remained oblivious to the entire matter is at this point likely to be re-elected calls for even more questions. The last part was released half an hour ago. We must give option to refer to the Serious Fraud Office with some laughter as it is now assessing the ‘materials’ which give voice to the fact that Barclays, HSBC and Standard Chartered Bank were used to transfer cash. Didn’t we see two of those banks in other ‘issues’ involving cash?

Is anyone else finally waking up?

The Original Indictment: fifa-indictment-webb-etal

1 Comment

Filed under Finance, Gaming, Law, Media, Politics

The economy of change

It is now three months to the day that I wrote ‘A seesaw for three‘, in there I spoke about the Swiss Franc and the changes they decided on. In that article you can read: “So the SNB decided to abandon the ceiling on the franc, in response, the spring-loaded franc shot higher“, makes perfect sense. Why should a nation with a relative low debt hold this much in risk? So now we get a new dance! “The SNB’s decision to suddenly go back on a previous policy it had claimed to be committed to will make markets think twice before taking the bank at its word“.

This was always the issue, why should nations with relative low debt pay for the short sightedness of the incapable? In addition, the claim ‘The SNB’s decision to suddenly go back on a previous policy‘ is also a loaded part, you see, as we see with Greece at present, it seems that policies are not being kept all over the field, even now there is an implied orchestration to let Greece ‘kinda’ of the hook. The words of Christine Lagarde for creditors to go ‘soft’ on Greece is not helping. Then there is the thought I offered with: “Perhaps the question that Katherine Burton (the writer) at Bloomberg should be asking is “How come such managed levels of foreign currency holdings were left out in the open to this extend, especially after the Cyprus issue”“.

The day before that one, I wrote ‘Year of the last Euro?‘ (17th January 2015), there I stated “previous administrations lived under some umbrella with the picture of a sun, which they took as an eternal summer! Instead of caution, they ignored basic rules and just went all out on a spending spree. Now that all the money is gone, the coffers are instead filled with ‘I OWE U’ notes. When every nation spends more than they are receiving, no one will have any money left, yet governments started to borrow to one another. So, those in debt were borrowing massive amounts to one another, even though no one had any money, is no one catching on?

I saw the writing months ago, which is why I have been hammering on the Greek issue, it should not be prolonged, and there should be no ‘alternative‘ or a ‘continuation‘. Now we get the Guardian (at http://www.theguardian.com/business/2015/apr/18/us-interest-rates-rise-federal-reserve-market-crash), the subtitle ‘Janet Yellen’s decision will have global consequences – and the end of ultra-low rates could mean meltdown for indebted countries‘, whatever are you saying Mr Bond?

I have stated again and again that those in severe debt will feel the consequence at some point. Now we see the increased risk that interest rates will rise. Yet again we see dismissals, now from Olivier Blanchard. Was he not the one who came up with “Rethinking Macroeconomic Policy” (at http://www.imf.org/external/pubs/ft/spn/2010/spn1003.pdf)?

So are we witnessing the start of targeted inflation? The quote that Olivier makes “companies may have hedged their position, while investors and finance ministers were well prepared“, well, in that regard, my response is: ‘companies that are credit maxed are never hedging positions, an elemental truth at times and as for the preparation of investors we can argue that they are usually geared towards greed (relying on a 15% turnover in a 3% world) whilst in addition, finance ministers on a global scale have been pushing things forwards for a long time, relying on the sun returning the next morning. This approach works for a week, but after 157 weeks of clouds, those finance ministers tend to project sunshine from memory, forgetting the reality of the sun’. If you doubt this then consider the list of finance ministers who correctly kept their budget. I tell you now that this list has diminished to zero for some time now. Some even exceeded their budget shortage through managed bad news, a growing trend all over Europe.

In illustration the IMF wrote in regards to the possible financial crash “It highlighted how any shock can send investors fleeing; with only sellers in the market, the price keeps plunging until someone believes it has gone far enough and starts buying“, yes this is how the rich get to be even richer, my immediate concern is the dangers that superfunds and retirement funds are sitting as they might be facing another 15%-30% write off. I wonder how people feel about the consequence of their retirement funds collapsing again and now they will have to work until they are 75-80.

So, is this realistic? Am I in an evangelising ‘panic’ mode?

One might think this, but if you have followed my blog, I have consistently written over a period exceeding a year that the first need was to diminish government debts. It was the number one issue that had to be dealt with, nothing else mattered, because those without debt would get by and those in debt will get a massive invoice. Now we see that danger. So the initial quote that the Guardian had “higher interest rates in the world’s largest economy could come this year” is not just a fab, it is a reality that will push interest payments to new heights. Did Switzerland foresee this, or were they just too unhappy with the risk the Euro had? No matter what, their act seems to have been a good one and releasing the debts they were holding onto is now a second need.

There is a side that seems slightly offensive to me. When we consider “But while it is almost certain Turkey, Brazil, Russia and many others that have seen their businesses and governments borrow heavily in dollars to maintain their spending will suffer higher borrowing costs courtesy of Yellen“, is that true? Is it due to the courtesy of Yellen, or is it because the bulk of politicians cannot get a grasp on their spending spree?

Let’s face it, rates would never remain low and many are following the good news cycle that it will remain, that change is not good and as such, they forget that in their eyes rate rises are not realistic, but they do not control the algorithm. So here we all are, in a place where change is about to befall many, the outcome largely relies on your personal stability, which is a lot easier when your debts are down.

So where lies the economy of change in our favour? That is the true question that matter and I am not sure if I can answer that. I believe it to be dependent on corporations having a balanced realistic long term view. I am however uncertain to predict who those players are. Yet, if we take a look at British politics, we should consider the following; Ed Miliband states “Labour leader tells ‘one nation’ Conservatives he’s on the centre ground and will keep Britain at heart of EU”, how is that a reality? Then there is the quote “Miliband says the past 10 days of the campaign have seen the Tories become the “incredible party”, whose unfunded promises on everything from the NHS to transport and housing have turned them into the party of ‘funny money’“, so how does this relate to the economy of change?

Well, the simple matter is that Labour decided to spend 11.2 billion on an NHS IT system, that system never came, the money is gone and the NHS is weaker still. These are simple facts that you the reader can Google in any browser. There is housing progress, but not as much as many would like. In this time of change, Labour wants to spend more money, get the UK in deeper debt, now consider the US raising the interest by 0.5%, in regards to the 1.7 trillion in debt, that change could cost the tax payer an additional 8.5 billion, considering that the IMF claimed that the UK will be short 14 billion, adding to that will be a very dangerous act.

So will the economy of change require us to throw Greece out of the Euro? Will the change of interest topple France and Italy? There are too many factors, but there is certainty that the markets will be massively impacted once the percentage changes. Andy Burnham, the shadow health secretary, will come ‘He will cite figures in Health Education England’s (HEE) Workforce Plan for England 2015/16, which he says shows the service will be employing nearly 2,000 fewer nurses over the next four years – for reasons “mainly driven by affordability”’ This is a fact we cannot ignore, yet the fact that many sides are not willing to make the hard calls on certain NHS issues, does have an impact in all other quadrants, this includes nursing staff. So before Andy Burnham comes with the alleged plan that the NHS cannot survive another 5 years of David Cameron, perhaps Andy would like to look into his own party and find the plus 11 billion that they had spent on something that never came to be. I am certain that the cutting of nurses would not have been a reality if the 11 billion had not been lost to virtual plans that never became a reality.

The last of the pork pies can be found here: “Labour has set out a better plan to invest £2.5bn extra each year, on top of Tory spending plans, paid for by a mansion tax on homes worth £2m, to fund 20,000 more nurses and 8,000 more GPs.”, the current UK plan is at a deficit, so where is the 2.5 billion coming from? Mansion tax sounds nice in theory, but those places need maintenance too, which means plumbers, electricians and so on. Also, why keep on pounding the ‘wealthy’ places again and again? It is like the wealth tax. Stating on how the rich can afford more tax. The simple reality is, is that those making more than 1 million is only 6,000 people and roughly another 16,000 make £500,000 to £1 million. So how will you tax them? 60% addition? Where will you get the money to fund 28,000 health care workers? The idiocy of Labour as they make these claims is just too unwarranted. Now add to that the news from 7 hours ago that the interest rates could rise. Once they do, the deficit will grow even more.

So as we see these interactions of change, many of them not realistic, we need to realise that Austerity is here to stay for at least two more administrations, not because we want to, but because the increase of a mere 0.5% amounts to the bulk of all NHS costs, we might not survive a third increase, so we must fight now, so that we can all move forward sooner instead of never.

 

Leave a comment

Filed under Finance, Media, Politics

The dangers of freedom

I am all for freedom, I reckon that anyone growing up in Western Europe, USA or the Commonwealth has that same feeling. We love our freedom. There is however a dangerous downside. As I see it, freedom comes with the granted option to become an idiot, a moron or any other type of person that we usually find revolting to some extent. There is another group. There is nothing wrong with hem. They seem to be nice, they seem to be honest, and usually are portrayed as fair and they believe in fair dinkum. This is all good, no negative word on that part, they also exercise their right to free speech and they do just that. They believe in certain change, which is all good, but now these people are pushing us all into a dangerous area, where the consequences could be dire. This is not so good, yet they believe that they are doing the right thing. Some might state that the road to hell is paved on good intention. I think that this is too strong a statement, I believe that those people are getting on a bandwagon that goes into a foul direction, because they do not foresee the dangers that lie ahead. This is the issue!

We see this side in the Guardian (at http://www.theguardian.com/commentisfree/2015/mar/03/australian-republicans-we-can-no-longer-afford-to-wait-for-the-monarchs-passing). The title ‘Australian republicans: we can no longer afford to wait for the monarch’s passing‘ gives a hint of what some might regard as treason, but I am still willing to see it as people, devoted to Australia, but not seeing the dangerous currents of that journey. That excuse is not valid, when we consider the article with Bill Shorten (at http://www.theguardian.com/australia-news/2015/jan/25/move-to-a-republic-would-show-australia-is-modern-and-inclusive-bill-shorten-says), ‘Bill Shorten: move to a republic would reflect a modern and inclusive Australia‘. Here we go on dangerous grounds.

You see, the politicians are all about self-preservation! No matter who gets hurt in the process!

My reasoning? I had highlighted them on earlier events, the list is long. One link is found with the ABC (at http://www.abc.net.au/news/2014-02-10/shorten-says-car-manufacturing-shutdown-was-not-inevitable/5250834), Where Bill Shorten stated: ““All of a sudden, all the car component makers (in Australia) for Holden don’t have enough work,” he said. Mr Shorten says “government subsidies for car makers are essential for keeping manufacturing alive”“. Well, we have seen the use of subsidies, in that same article we see the statement: “”Australia subsidises its car manufacturing in the order of about $17 (per car), whereas the Germans do it at about somewhere between $65 and $90 and the Americans, $250″”, yet, when we see the Australian (at http://www.theaustralian.com.au/opinion/columnists/lies-damn-lies-and-car-subsidy-statistics/story-fnbkvnk7-1226824091831), we get: “Reworking the figures, it turns out that Australia has subsidised the manufacturing of vehicles to an extraordinary extent — $US1885 per vehicle, compared with Sweden ($US297), Germany ($US206) and the US ($US166). In other words, Australia has the highest rate of budgetary assistance of the seven first-world countries listed“. We could argue that this amounts to slave labour, as the subsidies is so large that the factories end up with prepaid labour. How is this not regarded as slave labour? Because people are allowed to go home and the money comes from somewhere else? Why should car be subsidised to SUCH extent? In addition, we get the quote “We now know that Toyota Australia has received nearly $500 million in the past four years. Given that there are some 2500 Toyota employees, this works out at $50,000 a worker a year“, so we have car manufacturing plants which seem to come with prepaid labour. How can a nation survive when these factories bend over backwards to avoid taxation and in addition, they received well over $100 million a year?

The next part comes from the Courier mail (at http://www.couriermail.com.au/news/opinion/opinion-the-nations-budget-is-broken-but-bill-shorten-and-labor-wants-to-stop-us-fixing-it/story-fnihsr9v-1227143768045), “The Budget deficit blew out to an astonishing $48 billion last financial year, largely because the previous Labour governments went on a massive spending binge and left nothing but IOUs in the kitty come the next global financial crisis“, by the way, the Labour party has NEVER given any clear explanation on how that money was spend, on what it was spend, and who signed for it. I reckon that is why the Labor party decided on the three party stooges approach (I wonder who plays Curly), namely Kevin Rudd, Julia Gillard, and now Bill Shorten. There was additional bad news, there is NO WAY that the drop in Iron was to be predicted. Neither Labor nor Liberals saw that coming. It cut export with an additional amount surpassing 30 billion, when the coffers are empty, that is not a good thing.

Now we get to the Bill Shorten Republican view. Here we see the following: ““Let us breathe new life into the dream of an Australian head of state,” he said. “114 years ago Australians found the courage and goodwill to transform this continent into a commonwealth. In the 21st century let us live up to their example. Let us declare that our head of state should be one of us.”“, you see, the article reads nicely unrealistic. There are parts that are not mentioned at all. I will get to them soon.

In the same light that Labour overspend us into massive debt, as Labour wrongly ‘illustrated’ the car industry, he also sees his option to get a little ahead as a possible first head of state (odd, do we not have a prime minister?), as he fantasises himself to become. You see, becoming a republic comes with a massive amounts of additional debts we cannot even fathom. As part of this Commonwealth, we are not alone, our army is a joke compared to Russia or China (65000 soldiers do not add up to much against the other large players), even against Indonesia, which might not have state of the art equipment, but they outnumber us 4 to 1, not the best odds to have. Together as one Commonwealth, the United Kingdom, Canada and Australia, we do wield a massive bat, we are part of a whole. So if China wants to play rough (or Russia for that matter), we have a few big brothers in our corner. Now, we could rely on New Zealand to give aid as soon as needed (they would never back down from helping a neighbour), but as Air Vice-Marshal Gavin Turnbull might confirm, the Sopwith Camel really does not have the range to make it to Australia, meaning we need to rely on our own planes alone.

This is only one element and not the most important one when we need to rely on our freedom. You see, I believe that Labor is squarely in the pocket of the US Democratic Party (the one who nearly bankrupted the US), the US is playing too many dangerous games, enabling big business, not holding big business accountable and overall not having the ability to manage its budget. Labor is on the same footing, and how long until the Labor party dances to the song of the White House, making us lose our choices, our freedoms and our value of fair dinkum. Is that what we desire?

What is so bad on being part of what we used to regard the British Empire? I believe that the core values that this Empire had, which were moved into this Commonwealth of ours is still good, it is still strong and it is every bit as Australian as it is British. When the lower classes here lose it all as business no longer deems these people to be of marketed value, who will they cry for? Labour? No, that lot just gave their rights away. In this the Liberal party is not without faults either, but they are not on the republican horse, giving us heaps more options.

This economy is in a bad state, no one denies that. I myself am hurting as much as many others, but like the harsh methods of Germany in 2009, their Austerity saved them and got them on top, I feel that the same will work here, Labor overspending by spending each annual budget twice is too dangerous for us. This is at the heart of the issue.

It is all directly linked to us remaining part of the Commonwealth, the one part that Labor SHOULD have been doing, they are not (or so it seems)! I voiced more than once that our future is on finding strong interactions with other Commonwealth members and offer what we have in surplus, whilst getting what they have in surplus. With Nurses here looking for jobs and the UK having such a massive shortage, why are we not seeking solutions together? Not just the medical industry, we need to put our commonwealth heads together, solving them together, not playing politics on who looks better in a pissing contest, which leaves us with a smelly floor and no actual solution. In this we should also look at what we could mean to Scotland and vice versa. Scotland will at some point be more independent, would it not be great if our message of fair dinkum and our workforce could help this stability, because a stable and prosperous Scotland helps all members of the Commonwealth, including the UK.

So as the Honourable BS talks about some republic, he should realise that unless the deficits and the bad economy are solved, we have no future ahead, other than one as someone’s vassal, a path we evolved from long ago, so whatever story he spins on how the republic gets a better business profile would soon be dead, as soon as people realise that it only opted for one goal, to give large corporations a place to get by on 1-3% taxation, how would that ever be fair dinkum?

 

Leave a comment

Filed under Finance, Law, Military, Politics

The price of soccer

This is how I see the issues as we see the mountain of ‘complaints’ in regards to Qatar 2022. The first part is seen on the BBC site (a http://www.bbc.com/news/world-31605149). Richard Scudamore is very disappointed, which is fair enough. My issue is with his statement: ‘if the integrity of a football league has to stop for 6-7 weeks‘. Is that truly the case? The integrity of a league does not diminish when they are out playing their best for their nation in a world cup. It shows that these people, with multi million pound incomes can set it all aside to play their best for their nation. That is the simple truth of it all. So is this about FIFA, UEFA? Or is it because of advertisers? You see, those 6-7 weeks advertisers will move to the world cup, they go to where THEIR visibility lies. I think that this is a side that the football managers forgot about. When they spread the visibility of Soccer, getting more and more nations, they forgot that new members are every bit as eager to promote their national side and we can safely say that the middle east has plenty of money to invest in new stadiums.

Part of me is just a little amazed that both FIFA and its members did not see this coming. It is a sports event! In a places where for all kinds of environmental reasons, the Olympics cannot be held there, is it such a surprise that they want to show off their nation by hosting the soccer World Cup event? That what followed is still to be regarded as an episode of comedy capers, for those too young to remember, see the intro here (at http://www.youtube.com/watch?v=OjZMfRwsuOM), see the man at the back, that could be Martin Ivens, you remember the Sunday Times claiming to have seen all those ‘millions of documents‘ reported by Reuters on July 28th 2014? I mention parts of what was claimed in ‘Sacking the Editor?’ on November 14th 2014 (at https://lawlordtobe.com/2014/11/14/sacking-the-editor/), it could be regarded as evidence on just how much a paper tiger Independent Press Standards Organisation (IPSO) is. As mentioned before, if we go by the words of IPSO “We uphold the highest standards of journalism by monitoring and maintaining the standards set out in the Editors’ Code of Practice” than they should also be pre-emptive. Especially when allegations of corruption are being made.

Was there corruption? That question remains a valid one, but when we see “FIFA report into alleged corruption clears Qatar to host 2022 World Cup” (at http://www.theguardian.com/football/2014/nov/13/fifa-report-alleged-corruption-qatar-2022-world-cup), the mention by the Sunday Times give way to bring a forced publication of that evidence, or be hit for damages. None of that seems to have happened. In addition, we see this in The Star (at http://www.thestar.com/sports/soccer/2015/02/24/fifa-deserves-red-card-for-the-debacle-that-is-qatar-world-cup-arthur.html) “FIFA judge Hans-Joachim Eckert, who sits on FIFA’s ethics committee, reviewed the report and released a 42-page summary to the public that stated the report cleared FIFA in the awarding of the 2018 and 2022 World Cups to Russia and Qatar, respectively“.

I am not denying the facts that are, but no one seems to show evidence, which is crucial. You see, as stated before, I think this is for the larger part about something else. If we go back to the statement ‘if the integrity of a football league has to stop for 6 – 7 weeks’, is that so? How about taking a 7 week break and prolonging the season that one time? I think that these soccer players, who are making tens of thousands a week, can work an extra 8 weeks that one time. If it is about the advertisers, than it is just bad luck. You see, many people have had enough of ‘enabling’ advertisers to the max, and if this costs them a little extra this once, than live with it. It is NOT about the advertisers, it is about the sport and everyone is very adamant not to mention that ‘A’ word, or ‘sponsors’ for that matter. Is it all an inconvenience? Yes, I reckon that is the case and this is also the consequence of broadening the membership list of soccer playing nations, there is a consequence at some point. So, yes, I do agree that Qatar was never the best place, but guess what, they did the dance, they went through the motions and they got the gig! Now all others will have to program around this for once, I think that the fact, that this had been running since 1888, implies that the sport could use a little exception and a little flexibility.

This does not take away the issues that play at FIFA, there are a few issues with the Russian part, especially the ‘the Russians claimed that all e-mails relating to their bid had been wiped from the computers they used, which were rented’, I mentioned that in a previous blog too, because such levels of incompetence should not be allowed anywhere. Yet, the full report of Garcia was never given to the public at large, which gives us a few extra issues, but then, the Sunday Times under Martin Ivens blowed a lot of hot air, but then did not release any evidence of in any shape, size or form. It seems to me that this is not a good thing either.

If we accept the star with their quote “But FIFA is so powerful, so unaccountable, that the inartfulness of the lies doesn’t matter” as well as “FIFA pushes slush piles of money to federations all over the world in the form of development grants, and that secures the necessary votes to keep Blatter in power“, that we have a massive problem. You see, I have been (to some extent) on the side of Qatar, because there were allegations from many, but NO ONE presented actual evidence and all these events played like this was all about big business not getting their way. I have an issue with that! In my view, if you love soccer and it is your life, that that is fine, but when we see these pushes whilst an average soccer player gets per week what most people get per quarter, that we can agree that those people get to suck it up a little and not whinge or whine like little bitches when they suddenly get an ‘adjusted’ calendar once per 4 years, the fact that this now happens for the first time ever, they can just shut up and take it, so this once they get to experience what most workers endure on a yearly basis.

On the other side, if there is a level of unaccountability from FIFA, that it makes equal sense for ALL members of FIFA to break with FIFA and create something new, to which ALL members of FIFA are to be excluded for a few decades. See how that solves issues. The reality is that Qatar 2022 might be the only deviant event (compared to all other world cups) as a lesson for future FIFA events, in that case FIFA will have learned a lesson, but perhaps we learn another lesson too. Perhaps that environment will only fuel a global desire for soccer and in that light, premiere leagues of all nations will have to consider that once every four years there could be a different light in how that year the league is played. It might be refreshing in so many ways that it will, for some, rekindle the true love for soccer. Let’s not forget in those 6-7 weeks those players do not represent their team, they represent their nation, is that not a great thing? It should be!

In that light we should also see the response BBC sport had “The former Manchester United and Everton defender added that he would be “licking my lips” if he was England boss Roy Hodgson because “we’ll have the freshest ever national team going to a World Cup”” (at http://www.bbc.com/sport/0/football/31610300), you see, it is not all bad, I reckon that soon we will see similar responses from coaches and players in The Netherlands, Germany and Sweden.

Now consider the following quotes from the links used earlier: “The 2026 World Cup television rights in North America were awarded without a bid to Fox and Telemundo, who had complained about the Qatar schedule change, for which they hold the broadcast rights“, “Six European federations demanded Fifa clean up its act. Three top commercial backers, Coca-Cola, Adidas and McDonald’s, did so too” and “Of the 11 men who voted on 2018 and 2022 World Cups who are no longer on Fifa’s executive committee, only five provided answers to Garcia’s inquiry. Two could not be located at all“, it is clear that there are issues, especially when considering the part, ‘two could not be located at all’, is this for real? What, did that person go on a $600K cruise and there is no phone where these people are at (just one of a few options)? There is no question that there are issues on several sides, but there is still the matter of evidence, evidence that is either concealed or never found. The fact that the report was never released is also cause for concern, I do admit to that, but in law when we apply ‘is it more likely than not‘ can be just as easily applied to the large sponsors who see their return on invested revenue lessen to a small extent, taking into consideration that 2022 will be the first time (possibly the last time) that this happens brings for the question ‘why enable big business to this extent?‘ is a matter that is not and likely will not ever be answered, which is why, I currently remain on the side of Qatar. Sport is about the sport, whether it is local or nations playing, it is about the sport, not about the visibility of the sponsors. They get visibility because of sport, not the other way around. It is time big business learns that no matter what game they play, the sport itself remains untouchable, which also means that sometimes the game needs to be slightly more flexible. That part is also shown in regards to Fox and Telemundo, who complained about schedule change. Really? Complain now about an event 6 years away? If it is such an inconvenience, than give the 2022 rights to one of the free TV channels. I wonder how that channel will suddenly benefit from sponsors. If anything, this event shows me how corporate greed has been maximised within sports, an upsetting issue.

Leave a comment

Filed under Media, Politics

Sacking the editor?

That is the question that is currently on my mind. What to do about Martin Ivens, should he be sacked, should he be allowed vindication, should he be prosecuted? You see, it is time that the editors are held responsible for what they do, that they are being held up into the light for what was said, exploited and then forgotten, just so that these people can prostitute events for circulation. What do you think?

Why Martin Ivens? That is of course the question that needs answering. It all started with the news on March 19th when I wrote ‘Any sport implies corruption! In this I looked at the events when the Guardian (one of several papers) reported on allegations against Qatar. As stated before it is about evidence and ‘more likely than not’, I also personally speculated on the chance that it was more likely that several advertisement players wanted change as Qatar was just inconvenient. And let’s face it, the press catering to advertisement dollars is not that far-fetched, if you doubt that, then consider the Sony events from November 2013.

The big issue becomes July 28th when we see the issues explode a little further when even Reuters stated “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“, so here we have it. I think that if Martin Ivens wants to keep his job, he needs to publish these ‘millions of documents‘, if he cannot, or does not, then we should consider prosecuting Martin Ivens for slander and he should be held accountable for serious breaches of journalistic integrity, which should be done by the Independent Press Standards Organisation (IPSO), but in light of what we have seen, they will not be up to the task, unwilling to do anything and in the end, they will become the joke that Hacked-off proclaimed them to be from day one.

Yet, can we attack Martin Ivens like that? Yes, we can! However, Martin Ivens has every right to vindicate himself by publishing the data (millions of records) that they saw. What are the chances that we get just a lame excuse? Time will tell, but as we have looked at the events in the last two years, it is extremely unlikely that anyone will be held to account.

But should it be Martin Ivens? If we see the CNN article that I used in the July article, we see “Sarah Baxter, deputy editor of the Sunday Times, told CNN in an interview. Qatar commits to labour reforms the impact of changing World Cup dates ‘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’“, in my mind it should be both, but in the end, as Martin Ivens did not go against this, it seems to make him an accessory to the event, guilty by omission. In the end this all might remain academic if IPSO does not act, because a complaint needs to be filed, yet consider how soccer is dragged through the mud here, without the evidence that the Sunday Times claims to have, the scope of events regarding FIFA will change to the larger degree.

This is however not the end, there are additional issues with the investigation as we saw delay upon delay and now the ‘verdict’ also calls issues into question. A more reliable source (at http://www.bbc.com/sport/0/football/30044791), asks some of these question: “But Garcia’s statement, issued less than four hours after the report was published, has reopened the debate about the validity of the bidding process for both the 2018 and 2022 competitions“, a second statement “‘Fifa has no choice but to publish Michael Garcia’s report in full if it expects anyone to believe their claims that there has been no cover-up over allegations of corruption in the World Cup bidding process,’ said British MP Clive Efford, Labour’s Shadow Minister for Sport.

That part is spot on in my mind, let’s not forget that in my mind, the jobs of both Martin Ivens and Sarah Baxter are on the line as I see it, especially in a time when the bulk of all journalism is regarded by many to have no integrity left.

The final statement that opens the barn is: “In view of the fact Michael Garcia has now stated he is not happy with the findings and is to appeal, I await with interest to see what further disclosures will be made,” said Boyce“, which beckons a few more issues. Why report on something that is not satisfactory? What findings? Which evidence? It seems interesting that the 430 page report is set into a 42 page summary, when we see the Guardian we see the implied event that someone else wrote the summary. Why? Why did both reports not come from Michael Garcia (at http://www.theguardian.com/football/2014/nov/13/farce-fifa-michael-garcia-erroneous-ethics-report), why do we see the following quote “Garcia’s dramatic intervention came just hours after Eckert had confirmed the Guardian’s revelation that Russia and Qatar would be cleared of substantive wrongdoing and would not be stripped of the tournaments despite a whirlwind of speculation“, so are some people now spinning in regards to possible advertisers missing out on big business dollars for media? Because, as I see it, the issues remains, was all this about inconvenience or actual corruption, and if the second, why does the summary not bear out the full report if corruption has been proven? Yet overall there are valid questions too, when I see the quote “Russian bid executives claimed that all their emails were wiped from their rented computers. Alexei Sorokin, who runs Russia’s 2018 organising committee, denied a deliberate cover-up“, I do wonder how such incompetence is even allowed in such a prestigious environment. Where were the back-ups? Would the achievement of success not warrant back-ups for a job well done and these documents would have been kept as evidence that a job was well done? Would these documents not show the value of Alexei Sorokin to his government?

So even as the guilt is not proven, the ‘claim‘ of ‘millions of documents‘ still requires scrutiny, because if this is not adhered to, we are confronted with more than one level of corruption, possible corruption of ethics by the press, possible corruption of standards by FIFA and possible corruption from bidders unproven due to incompetence.

I hope that the true investigators will speak out on evidence, for the simple consequence of inaction could be the beginning of a wave of mistrust into sports. The one place where acts of corruption could have a long term effect, who wants to watch a sport series, where a foundation of trust can no longer be relied upon, if that happens what would we end up watching?

 

2 Comments

Filed under Gaming, IT, Law, Media, Politics

A political triptych

Whenever I see a trilogy I remember my first introduction to something in three parts. They were the works of Hieronymus Bosch. My earliest recollection of them was seeing his work with my own eyes when I was around 12 years old, making ‘triptych’ the most expensive word in my vocabulary in those early years. The events that have been at the centre of our lives lately seem to reflect the chaos we see in these famous triptychs.

First there is the issue I described earlier this week in ‘Here come the Drums!’. Russia has had an opportunity to throw ‘its’ image in several ways. Not because of me or because of the image it needs to have, but because of the image that it could have regardless of what the US claimed it to be. I was wrong! Whether Putin is as stupid as the US makes him out to be, or whether his advisers are working on self-serving needs is something only historians can decide upon. The fact that we see massive amounts of evidence that the local Donetsk population is giving the internet, the initial view (at http://www.youtube.com/watch?v=7fjpB5gw3iM) was nothing compared towards the anger we see clips where people are going through the debris (at http://www.youtube.com/watch?v=XGzcHd118mM). There were additional clips on how people were cheering on downing a plane and other issues of utter disrespect, which seems to have been removed from YouTube and seem too outrageous to add to this blog.

I should also revisit the comparison that I made with the question: ‘A lawyer walks into an insane asylum and hands an inmate a gun, who then kills the Warden of that place. Who is to blame?‘, I still feel it is relevant. The question was who supplied the BUK system, was it Russian, or was it captured? You see, in BOTH cases the international authorities should have been alerted to the dangers the area brought. It was the leaked conversation that angered many (including me). “Nikolay Kozitsin: That means they were carrying spies. They shouldn’t be f_cking flying. There is a war going on“, this baboon, or better stated, this baboon on Lysergic acid diethylamide is an army commander?

The fact that it was at an altitude of 30,000 feet should have been an indication that it could have been non-military. The events that follow, to the massive acts of disrespect and legal transgressions should have been a clear indicator that Russia should have stepped away from all this seems abundantly clear. Head my words, I am not stating that Russia had done anything wrong, the mere fact that it did not speak out loudly towards this transgression tarnishes them on (an undeserved) equal footing as Commander Nikolay Kozitsin. President Putin should have seen that one coming a mile away. This is nothing compared to the stupidity by Sky News shown on the Guardian (at http://www.theguardian.com/media/2014/jul/20/sky-news-presenter-brazier-mh17-luggage-crash), where Colin Brazier shows himself to be more ignorant then a first year Journalism student. His actions were met with outrage by fellow presenters Jacqui Oatley and Shelagh Fogarty. There is one correction that must be made, the initial information I had, was that the Data Flight Recorders (black boxes) were on route to Russia, whilst the information I currently have is that they had only recently been taken to Donetsk (at http://www.smh.com.au/world/mh17-black-boxes-under-rebel-watch-in-donetsk-according-to-separatist-leader-20140721-zv4lg.html). It seems only correct that I alter that part here.

There is another side to all this, as we see (at http://www.smh.com.au/world/john-kerry-says-us-has-enormous-amounts-of-evidence-linking-russia-with-mh17-disaster-20140721-zv4mz.html) that the MH17 disaster is linked to Russia, there are still questions that give worry to this. Yes, I agree that in my view Russia bares definite responsibility, not just by the possible SAM delivery (as the original is still in question), but the fact that the pro-Russian separatists were not stricken down in a verbal lashing from the Kremlin to give full cooperation, which is a much heavier transgression. Consider that these ‘pro-Russians’ would not listen, accept, or heed the words from Moscow; does that not make them simple terrorists? If that would be the case, how could Russia consider not distancing themselves from this disaster from the very first moment the events took place? If Russia is in league with these terrorists, then was the downing of MH17 not a clear act of war?

Is at the centre of it all?

Consider the financial situation the USA is currently facing, it is broke, which means it has no way to feed the war industry, which gives Moscow a distinctive advantage, if we accept that neither wants to go nuclear any day soon, then the acts of ‘sanctions’ is pretty much the biggest artillery the west can muster at present, even as we continue to see the results of acts within Donetsk. It is harder to tell whether I am right or wrong (I could be either), yet the inactions in Syria and now Eastern Ukraine seems to show a lack of directive from all NATO parties (not just the US). This all gives shape to the art on the left side of the Triptych.

The next issue is the one I also briefly touched upon, it is the escalating issues in Gaza, where it seems more and more clear that Israel has had enough of the threat Hamas has made over the last few years and the loss of support that Hamas is enjoying, as well as the US no longer having a clear and powerful hold over the region on an economic base is also a cause for Hamas to wonder whether their approach to issues would ever have worked to begin with. Now that Egypt is distancing itself more and more from Hamas, they are now hoping for a resolution through Qatar, where they seem to hope that the UN will be able to find options with the help of Sheikh Tamim bin Hamad Al Thani. The Sheik is a diplomatic force to be reckoned with, as a Sandhurst graduate, which is regarded as the finest military officer’s education in the world. The only issue that would remain is whether Hamas is in any way entitled to such distinctive representation. In one way, it might actually result in actual cease fire talks between Hamas and Israel; it is however also one of the final straws Hamas has left, if they decide to break that truce in any way, the results could not just end Hamas, it might actually end the options for any Palestinian Gaza. It could result in the biggest poker hand the Middle East has seen in a few decades. That and the option that progress could be in result will only emphasize the amounts of power lost to the US (who was utterly unable to make any headway here). It will also strengthen Qatarian influence over a larger portion of the Middle East, which could be exactly why Sheikh Tamim bin Hamad Al Thani might consider to assist in the matter as well as the motto he trained under ‘Serve to Lead‘. Achieving that might just leave the Academy General’s bursting with pride (the General who was leading the academy when the Sheik was a student there). If we go back to the Triptych, then this would be right side of the Triptych. So what is at the centre?

These two sides are linked to a much larger painting in the middle. It is without a doubt the economic sides we have seen overwhelming the left and the right side. It is not the economy of missile systems (which might be an implied reference), but it is the economic powers that are too scared to lose it all in a war, which is of course the smallest of reasons to consider war over, but it is a factor none the less. More important, it is the diminished economic power of the US that is centre on all this. It would be unfair to just refer to the US here, but the bulk of the EEC is in a worse shape than the US currently is, so that is why the US is still the central element in all this. Their inability to get control of their overspending is a massive reason for the ‘blame’ towards the US. But let us not forget that the UK is not without blame either. In its current shape (especially the massive debt) the UK is also lacking in power to set for the ‘demanding’ (or better stated ‘intensely requesting’) image that should be given towards Eastern Ukraine and Israel/Hamas in these matters. Even if we give the proper weight to the Guardian article on the GDP of the United Kingdom (at http://www.theguardian.com/business/2014/jul/20/gdp-surpass-pre-financial-crisis-level), the headline ‘GDP to surpass pre-financial crisis levels‘ is just an indicator and even though I admit that the UK is still getting back on the horse, the issue ‘ignored’ for now is that Gross Domestic Product is no real indicator of better times, only for now that this seems to indicate good times for the ‘rich’. People in the UK are still on massive levels of debt and that is not likely to change any day soon. There is still a shortage on jobs and those who do have a job are inclined to go along with outrageous amounts of legalised slave labour. Freedom comes at a price, or better stated, when big business rules (or massively influences) the actions of government, we see an unbalanced view on life and every inch they do not claim will come at another cost.

Here we see the elements of a triptych by Hieronymus Bosch. Either of the famous three of his triptychs could apply to the chaotic mess we are all facing. In the end there is enough imagery to debate which one is the best depiction. The economic sector would argue that we are in the triptych ‘The Garden of Earthly Delights‘, whilst the people under the pressures of this economy will counter that their fate is shown by the triptych ‘The Last Judgment‘. The view also reinforces the views outsiders have towards the entire economy. Partaking in it will always be better than watching the result on the outside looking in, because those on the outside will never get to partake in the game at all.

2014 might end up being a very decisive year for many of us!

 

Leave a comment

Filed under Finance, Military, Politics