Tag Archives: Scott Bessent

The way fences crumble

That was the setting that I saw, the Wall Street Journal gave an article (that I didn’t read because it was behind a paywall) where we are given ‘A Dispute Over Opening Hormuz Drives a Wedge Into U.S.-Saudi Relations’ where we are given “Trump threatened kingdom’s supply of drone and missile interceptors when it refused access to bases and airspace for Project Freedom.” That is all I have, but I do not need more. You see, one of the oldest expressions I know if is about mending ones fences and the entire setting that Saudi Arabia gets bullied because of their inability to adhere to (what some call) an illegal war is beyond stupid. You see, Saudi Arabia could ask the Ukraine to deliver 50-150 drones, that request could also be made from China, as such Saudi Arabia has options, but at present the United States is left with less and less options. As Saudi Arabia pulls out whatever they have economically in the United States, amounts up to an estimated $490 billion, with an expanded, long-term commitment expected to scale toward $1 trillion, the united States could now lose that and be left to dry. The bully approach from President Trump is costing the United States more and more. In addition, whatever rare earth mining options Saudi Arabia has could now be awarded to Australia and the EU, costing the United States billions more. So what does a person this stupid do in the Administration of the United States? I am willing to believe that his advisers put this forward, but I reckon that this might be a lose cannon setting, as I personally see it, a stage for the current President. In addition to all this, Saudi Arabia now has an option to demand the extraction of United States troops and Saudi Arabia asking China if they are willing to replace the United States as a preferred option. This enables Iran to vacate Saudi Arabia as a target, because they are unwilling to hurt China, it would be the last mistake they ever made. 

So whilst we mull over the setting that Saudi Arabia is facing with China as the up and coming preferred partner for defence, mining, construction and tourism, the chances of the United States making it with an intact budget to 2028 is getting rather small. And should President Trump now threaten Disney, Warner Brothers and Universal for whatever tourism gap comes, I have a few ideas that could spell a lot of bad news. In addition I am certain that China has its own version of entertainment in the works. Everyone is forgetting that Saudi Arabia has something that the United States desperately wants. So as we were given: 

And whilst it came with:

As such I will take this rare setting where I (with a lack of economic education) teach that administration a few things: 

Starting that attack on Iran was badly considered. I gave Saudi Arabia and the UAE defensive settings in March and I also gave a few tactical settings that could have hobbled Iranian tactics and in light of that their refineries are still pumping oil. Before I was, the art of war was and they told generals (2500 years ago) how you scuttle an enemy resources. This pentagon clearly never learned from that. This pentagon also never learned from the French resistance (aka clambake 1939-1944) and that also gave me some ideas in March. As such I became the March Hare (I just saw Tim Burtons Alice in Wonderland) everyone seemingly ignored. What matters is that Saudi Arabia has a few more options at their disposal, it does not require the United States as much as the United States requires the coffers of Saudi Arabia. And Saudi Arabia can sell to China and the EU, so it has options. I reckon that should Saudi Arabia play less nice, Iran will run for the hills. And as I personally see it, Saudi Arabia has the intent and motivation to make sure that Iran sees the light for their stupidity. 

And the was merely the first part. You see, Saudi Arabia is deep into construction for what they need for Vision 2030 and they cannot do it alone, so these contracts are now considering the EU and China as contributors. So what is this bully tactic costing the United States? I warned them for this in ‘When it rains, it pours’ on December 2nd 2024 (at https://lawlordtobe.com/2024/12/02/when-it-rains-it-pours-2/), I feel decently certain that there is some MoU between China and the Kingdom of Saudi Arabia floating around in the Ministry of Defense (the one on the King Abdul Aziz Road) as such the entire bully setting against Saudi Arabia was short sighted and ill conceived. As the image (implying) that this threat was directed at Crown Prince Mohammed bin Salman Al Saud might not have been a stellar idea, but I reckon that President Trump is likely a ‘thanks you’ notice from the President of the People’s Republic of China Xi Jinping. Personally I am hoping that I still get the 0.25% commission for enhancing the chances of China selling the 20 Chengdu J-20, which comes at a total of $2,200,000,000 ($110M each), which leaves me with a shabby $5.5 million making me happy beyond believe. So I have an illusional vested interest in all this, and who doesn’t want to retire with $5,500,000?
So the United States can cry me a river, but they elected the current president, as such they dug their own grave as I see it. So you all have a great day and consider what you will lose out on in the long run. I am likely not getting that commission, but that is the cross I have to bare, or is that bear? Gee, I made another funny, must be the Tim Burton effect of Alice in Wonderland.

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Counterpart of the equation

I saw something this morning that made me giggle. The Sydney Morning Herald (at https://www.smh.com.au/business/banking-and-finance/trump-sues-america-s-biggest-bank-and-its-billionaire-ceo-20260123-p5nwep.html) gives us ‘‘Blacklist’: Trump sues America’s biggest bank and its billionaire CEO’ where we see “President Donald Trump sued JPMorgan Chase & Co. and its billionaire chief executive officer, Jamie Dimon, for at least $US5 billion ($7.3 billion) over allegations that the lender stopped offering him and his businesses banking services for political reasons.” Like a toddler crying that mommy isn’t giving him a popsicle. I personally believe that there is another reason, but that is not how President Trump flies. No, his ego isn’t ready for that yet. Although should the EU collectively dump the US treasury bonds they have he will cry different tune. I was aware of the danger for over 12 years, but David Kelly at JP Morgan gave us (around January 9th) that the USA is going slowly broke and the tantrums that President Trump has been handing out all over the place doesn’t help. Tourism down, Commerce down, services basically gone and that list goes on. So as I see it, what was ‘defined’ as “going broke slowly” might not be so slow anymore. And now we suddenly see that “the lender stopped offering him and his businesses banking services”, I have my doubts. You see, when a customer comes in one bank and that bank states you aren’t welcome anymore that person should state “I’ll take my business across the street”, the fact that President Trump isn’t doing that shows a much larger play that he is preparing for. You see, when the American economy implodes he needs to have all his fish on land. First there was the BBC, then The New York Times and Penguin Random House and that list goes on, as such there is more than a ‘theme’ going on President Trump sees what is coming and he wants to sleep in utter luxury but as I see it, whatever he has in America would become cannon fodder overnight. And for me it is optionally great. When certain players see what Microsoft, Amazon, Google and a few others left lying on the floor. The optional come in (I personally hope Tencent will be among them) as such (as I personally see it) the station of utter BS given to us all by the American administration where I particularly like the quote given to us by Scott Bessent “the U.S. is unconcerned by Treasury sell-off over Greenland and calls Denmark ‘irrelevant’” and the was for $100 million, but the EU has over $2.8 Trillion and that will require a very different response, but as I see it, no one is ‘handling’ President Trump, to the chance of Europe dumping whatever bonds they have is becoming considerable. Then there is the offshoot that Japan will dump the $1.2 trillion bonds they have and vice versa. Should Japan dump whatever bonds they have as the setting for Japan is seemingly more dire than they ever faced, Europe is sure to follow. So as I see it, the American Administration is roughly in a tough spot. As I see it, President Trump pushed for the visibility that JP Morgan Chase is gaining partially due to the underlying setting of David Kelly. What a tangled web we weave ourselves, innit?

So the first question I have for myself is “Could I be wrong?” The answer is yes, definitely. But ask yourself, why does President Trump go for the suing procedure when he could have taken his business across the street of Wall Street towards Goldman Sachs, Bank of America, Morgan Stanley, Citigroup, Barclays, UBS, Deutsche Bank, Evercore, Lazard, Jefferies Group, Wells Fargo, BNP Paribas. With that many banks with service in the offering, why take the ‘suing’ route? Political ‘discord’ has existed in financial institutions for decades. As such my path makes a lot of sense (is it enough?). And as it was JP Morgan who alerted us to the ‘broke’ setting the path of suing makes also sense. It comes across as “I warned you not to illuminate our desperate standing” even though I already saw this setting come to the United States in 2013 and the path of Venezuela and Greenland merely sugarcoated the desperate setting the United States is under. For that matter, when this is brought to light be decent journalists the rest of the financial media is pretty much done for. I saw as a non-economist what these overpaid people did not? It will be less then a month when others start screaming the names of the involved stake holders. As such it will be quite the parade and the United States? I reckon that as their infrastructure will implode, it will face a full scale civil war like the Netherlands faced it in the hundred year war (it was part about poverty, hunger and the plague, it went from 1337 until 1453) it wasn’t a complete staged war, but several battles in a short term and it was the daily setting for close to 5 generations. That is what the United States is looking towards and with the weapons we have now, it will be a lot shorter, but the deaths will be on an increasing scale. And as I see it, President Trump sees what is coming, and with the friends he has, he needs to be certain he gets the amount of money so that he can outlast three generations and there is not much place for him outside of America, so he needs to be certain that he gets what he believes he is worth, the best he could hope for in Russia (pretty much his one ally) is a two bedroom flat somewhere in the MKAD (Moscow Ring Road) is pretty much all he can get and as such he needs another option. Perhaps he will go the way of Escape from New York, where the entire island of Manhattan becomes his personal prison, population 3. It isn’t realistic, but any person can dream can’t they?

So whatever the real reason that gave JP Morgan and Jamie Dimon got them their ‘blacklisting’, I have questions and I have doubts. Suing is just so over the top. What would happen if I sue Telstra in Australia as they didn’t want me as a business customer? No matter how valid their reasons were, Australia has Optus, Vodafone, NBN, Aussie Broadband, Superloop, Dodo, Exetel, Swoop, AGL, Origin and that list goes on for a while. The entire America settings feels wrong. And that is merely my view on the matter.

Have a great day today, it’s Friday (yay).

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