Tag Archives: Sweden

The fake promise

Even as the media relies on fake news to get things done, politicians rely on fake promises, that is visible in the elections in that, UK Labour thinks it can rally 3 million elderly votes and as such is makes that so called promise to ‘Labour pledges £58bn for women caught in pension trap‘ there is just one problem both sides whilst in government have spent too much, Labour lost (through stupidity) £11.2 billion on an IT system that never worked. The conservatives made different mistakes and both of them gutted social housing. The Guardian voiced it as “More than 3 million women who believe they have been left thousands of pounds out of pocket after steep increases to the state pension age are being promised compensation by Labour as part of a £58bn scheme designed to end a “historic injustice”” In addition they give us “Labour would introduce a universal scheme that would see the women affected given a maximum payment of £31,300, with an average payment of £15,380“, so here is the problem, first of all until they get elected they cannot make a guarantee, if they get into office they will have to deal with terms like ‘universal scheme‘ and with ‘the women affected‘, If they are setting apart £58 billion, they have more pronounced numbers (and better statements), would they not?

The article (at https://www.theguardian.com/politics/2019/nov/23/labour-fifty-eight-billion-pound-pledge-women-pension-age-trap) comes hand in hand with (https://www.theguardian.com/money/2019/nov/23/station-pension-age-women-labour-compensation), yet they all are forgetting about the fact that in a world with same incomes, also comes same laws and as such both genders have to retire at the same point, do they not? So as we see ‘The Tories stole my state pension when I was 60, now I want it back‘, in addition, the Tories stole nothing, both sides of the isle overspend by way too much and the political ruling administration had to sacrifice, people do not seem to get that money that is spent from a place where it does not exists, will have to come from a place where is optionally is, as you can see in the image (which Tejvan Pettinger uploaded on May 1st 2017) for those not completely aware of him, he is an Economics teacher (A Level students) at Greenes College and formerly with Cherwell College, Oxford.

He shows that during Labour reign, government spending close to doubled, can you name at least one place where that you as a person benefitted from that? I doubt you can, and that is part of the problem, austerity and government austerity was essential for well over 10 years, when Tories get back we see a rise, but a rise that is less than 1% per year and in an age of 3%-4% cost rise that is a pretty amazing result, yet Labour DOUBLED their government spending, so what did they spend it on? So when we see John McDonnell state “We’ll raise the money in the appropriate way” I wonder what he means because it is not an answer and the government coffers are empty, leave it to labour to give an empty statement like ‘We’ll raise the money in the appropriate way‘, we see a whole lot of that and no real answers. You did not actually think that labour has answers for the money they are ‘stately’ boasting to spend, are you?

One day earlier we see: (at https://www.theguardian.com/politics/video/2019/nov/22/unforgivable-jo-swinson-confronted-student-lib-dems-record-austerity-video) another attack, but one on the LibDems. Here we see Jo Swinson getting attacked with no option to respond, but there you have it, people are starving in Glasgow that is what I got out of it. The issue is not Jo Swinson, it is the attack and part of this is the Scottish political wing, for over 5 years the political wing has (seemingly mind you) not done enough to bolster its economy, now Scotland is part of the UK and that makes it also a UK need, yet in the all the political dealings we see that Scotland does not have its eggs in the same basket on the same route and that is a larger failing, some might watch “The party has tried, by portraying its leader, Jo Swinson, as a potential prime minister, although this is an unlikely possibility, given its position third in the polls“, but Labour is dealing with several issues and the LibDems are pushing for those results. the Anti-Semitic attacks on labour alone could cost them somewhere between 5%-10% of the votes, it might merely result in 15 seats, but those seats are coming straight from the Labour angle (and those people are more likely to swing towards the LibDems than the Tories, which is fair), and it is a very small step from third to second in that race, even as the Tories are bound to get the largest swing in votes, the LibDems are back and together with the Tories they are bound to get a few wins in for their party (Brexit not being one of them).

That will be the party Achilles heel, the entire Brexit mess is exasperated by large corporations to find delay on delay to maximise their profits in 2019-2020, too many CEO’s have too much riding on that and the quote “a slogan criticised for underestimating the amount of time and effort required to negotiate a new trade deal with the EU” is on the money, but the people are seemingly not asking whose money was that anyway? In all respects the Tories have a large advantage and Labour is more likely than not getting the hot breath of the LibDems on their heels, Labour will lose a few places to the Tories, but they will lose a whole lot to the LibDems and that changes the race considerably.

So, why my attack on Shadow chancellor John McDonnell? Jeremy Corbyn did the same thing last election, at that point he made promises towards nurses, doctors and police forces that he would never be able to keep, the coffers of Britannia are empty, they will remain on empty whilst the UK is part of the EU, in addition there are a whole range of issues playing and yes, there will be an end to those elements, but not with the EU dictating budgets, they are keeping budgets their state coffers cannot write and it forces them all to become Corporatocratic nations to the largest extend, that must be prevented in the UK. There is a reason that corporation fear monarchies, they fear them because a monarchy takes into consideration all lives, the poor as well, you merely have to look into the US to see their rights dwindle, the UK, the Netherlands, Sweden, Belgium and those other nations see a much larger picture, one that does not fit the spreadsheet of a corporation, we much protect that part of life, even as other governments are willing to adjust their views to fit corporations to a much larger degree.

It is merely my point of view, but so far that view has shown to be correct. I’ll let you figure it out on your own terms; you are entitled to do that.

 

 

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Mad(e) in Sweden

We have seen the news for weeks now on how one activist named Greta Thunberg, one activist who will be exactly 201 months old in 3 days is shaming politicians all over the world on environmental issues, and she is 100% correct. Even now as I see how she privately met with Canadian prime minister Justin Trudeau and how she is urging to do more for the environment, the media is eating it up and spewing how one girl is fighting the established order like David met Goliath, yet that is not what is in play is it?

When we see the tweeting sarcasms giving us ‘Make America Greta Again‘, we see what happens but we ignore the issues at hand; as does the media to the largest degree. In all the news articles I read there is one massive part missing, one part that is at the foundation of environmental failure, from Southern California to northern Canada, from the East of China to the West of Russia, they all accomplish the not mentioning of the one element that has been the foundation of this failure.

The non-politicians

We see that the noted climate change sceptics are all doing someone’s biding, yet we do not see who they are ‘fighting’ for. We have entered an age of Corporatocracy, they are the powers in the US, in Canada, and they seemingly have the largest sway in France, Germany, Italy and Spain. They have large footing in most monarchies and for the most they have a larger iron grip in Russia to the degree we never fathomed. Through Corporatocracy the growth of billionaires has never been stronger and they want their wealth and they need it to keep on growing. Over the last 8 years their combined wealth went from $2 trillion to $8 trillion whilst the amount of billionaires dipped a little, it is harder to enter that pool whilst those in that pond are growing fatter day by day, in that pool the premise of environment has no hope of survival and until these governments take back the power from these corporatocratics and give it back to the people and the established order there will be no change, it will only get worse.

The fact that the EU gravy train can continue almost completely unhindered is evidence still to a failing much larger that anyone fathoms and as these corporations are shareholders, stake holders and advertisers, the media will only respond to actions that the controlling corporatocratics find acceptable. That is the failing in this entire matter and the fact that the media is ‘catering’ to her is only a viewpoint towards populist stages that are under control of the corporations, it will instil them to make ‘environmental’ donations, but only as long as it can be wielded as a form of advertisement and exploitation down the road. For them it is a double whammy, because Greta Thunberg is doing the right thing and she is fighting all the right windmills, as she is seen as a larger greater good, the people will herald her, yet in their hearts they know that almost nothing will come of it. For the ruling of Corporatocracy is bound to the needs of Wall Street and surpassing those set markers. As they play their games they basically surpassed the Gnomes of Zurich, the Swiss bankers that dictated economic policies for decades, yet as economic dictates moved more and more towards Wall Street and as the Gnomes of Zurich revoked their legendary discretion matters we see that Wall Street becomes the more powerful voice and without the balance that the Gnomes of Zurich brought to some degree we see that only the bottom line remains, a bottom line that is about profit and set on a stage of ‘contribution’ (a better stage of profit metrics), as such the environmental stage was mostly removed and in Sweden it is still at an all-time high because monarchies are about the whole nations, not just the actual consumers and facilitators, like New Zealand their environment needs are among the highest. So whilst the Guardian (at https://www.theguardian.com/environment/2019/sep/27/greta-thunberg-justin-trudeau-meeting-climate-strikes) gave us: “I really believe in Greta’s movement. She is doing amazing things and it’s great that she’s able to press politicians to act on climate change, during an election“, the quoted was 13 year old Annabelle Vellend, the reality is that whatever gain she makes, it will be small and optionally overturned within 2-4 years. In the end when it crosses the needs of Wall Street hard choices will have to be made and in that stage there is a close to 100% certainty that the environment loses.

That is the reality of the matter and the media knows this, they merely like to sprout the fairy tail (pun intended) and when that tail gets shortened it was not due to a young lady of 200 months, it was merely the heart of the economic matter, yet it will be voiced in such a way that it still reads lovely, because that is how the shareholders, stake holders and advertisers need it to be, and as long as the corporatocratic engine is not shown in the out and open this game continues.

In the end Corporations will claim that the desire from Sweden was nice, but in the end not attainable, it was mad to think it ever was, when you see those words consider who you elected and who they enabled in the process, it does not matter which side you elect, corporations have elected beneficiaries on both sides of the political line, it makes continuation a certainty. And whilst we see the positive spark of ‘planting of 2,000,000,000 trees‘ consider what some forests will be valued at for cutting in 3-5 years, and who gets that profit?

In the end this is not a failure of Greta Thunberg, it merely shows the world where the media is at, did you consider that part of the equation?

 

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Buying into USM Inc.

Forbes gave me the news that actually made me livid. I understand that it is done; I can to some degree even accept that it was done, but it angers me, it is beyond acceptable. It shows that we have aligned with a bully for far too long and if I had to try and be diplomatic (which I will not do) is that in this stage is that current President Donald Trump is the biggest piece of filthy shit in the history of mankind (with well over 5000 years of examples), his existence should be regarded on the same level as the essential extinction of the Neanderthal (and equally as long overdue).

Never before have we needed to be so ashamed of a nation (the United States) who through bullying and fear mongering set the stage of exploitation, gave rise to non-elected officials to exploit systems and demolish our way of life. For the first time in history the United States is the largest danger, larger than Russia in the cold war ever was.

Why?

The headline ‘Huawei CEO To Sell Entire 5G Technology Stack To American Companies In Shock Peace Offer To Trump‘ gives rise to a stage where the flaccid and useless technology sector in the Unites States have bullied others into handing over the IP they never worked for. Iteration and complacency got to score a victory like VHS replaced a superior Betamax through the application of mass marketing.

So when we get the quote: “In a shocking move, Zhengfei Ren, the CEO and founder of Huawei offered the ultimate olive branch to the Trump administration: Sell all of the Chinese telecommunications giant’s 5G technology to American companies. The surprising offer, which was reported earlier this week by New York Times columnist Thomas Friedman, would essentially allow the U.S. to finally get in the race for 5G supremacy which is now dominated by Chinese firms Huawei and ZTE, Ericsson of Sweden and Nokia from Finland“.

Should actually be phrased as “American companies that have been unable and became too incompetent to innovate mobile opportunities saw fit via the bullying of the current tenant at 1600 Pennsylvania Avenue NW in Washington, D.C. to bully innovators to hand over technology for mere cents on the dollar. Its approach and tactics that would give regard to consideration for Nazi Germany to be seen as a humanitarian organisation has created a state of uncertainty in all of us and has given view to the unacceptable acts from companies and their unwillingness to face up to their own stupidity, which has now forced Chinese to seek an unacceptable point of view, whilst at present the pharmaceutical industries in America are still willing to destroy what was once the cornerstone of innovation, that same tactic of iteration has shown to be the downfall of American Technology and as such America has become a nation that should no longer be regarded as the leader of the free world, but merely an existing vulture to strengthen and prolong exploitation“, I hope that I was clear here?

As such, I have no chance of my own IP, yet I can prolong the cloud of stupidity in America to hand over all my IP over to Huawei hoping that they will optionally reward me, America surely will not and when 400 million small business owners all show the Huawei sign their shopping window, I will feel satisfaction, even if it does not bring me any wealth in the end.

That part was made clear to me when I considered “Ren added that the American licensees will be able to sell their 5G equipment based on Huawei’s intellectual property anywhere in the world, except in China“, I might be able to give Chinese and Middle Eastern commerce a larger boost, giving a larger appearance on how insignificant and trivial American technology has truly become.

I wonder how the EU will be seen in 15 years when the media would start considering to give the actual events the true and correct exposure of what was; when the people realise what a mess the world become due to stupidity and unacceptable support to Wall Street through the American government administrations, when we see on how the ECB with a third stimulus is poisoning wells that were supposed to be protective, all whilst the gravy trains just keep on driving. To be honest, I have never been so ashamed to give any level of credibility to American interests in the near past. The events from the last 6 months alone give rise to the change of venue away from the US, away from the EU and on the condition of a large muzzle on the head of the ECB.

Part of me finds the rage within me uplifting, I have not been this angry for well over half a decade. The article (at https://www.forbes.com/sites/jeanbaptiste/2019/09/12/huawei-ceo-to-sell-entire-5g-technology-stack-to-american-companies-in-shock-peace-offer-to-trump) is short and to the point, and I wonder how that idiot with a bad haircut will degrade news into some form of tweeting victory (the one using @realDonaldTrump); even as we see that Huawei clearly won the European war against the American trade bully, we need to realise that ALL our IP is now in danger. If America can resort to this against a tech giant like Huawei, what will it do to anyone that gets in its way of not being pronounced bankrupt? When idiots of that calibre remain in denial of their national debt of well over $22 trillion, with no chance of resolving that debt, when it ignores the never ending exploitation by ‘Big Pharma’ and when Wall Street is not held to account on their actions, we are no longer free, we are merely pawns in a corporatocracy and America is actively dragging Japan and the EU with itself so it can present and delusional consider itself as remaining afloat.

Holy cow, I am so angry today!

you see, I was always of the mind that in this world, in this technology the most innovative one would win, and that it would be a harsh lesson for America to learn that iterative companies could merely exist, but would remain inferior below the true innovators, the fact that we see that this is no longer the case and we remain ruled by foul mouthed bullies is a reality that overwhelmed me to the largest degree. Even now earlier this week when Brad Smith, top lawyer to Microsoft hands out that the Trump Huawei ban made no sense, we now see the truth of the matter. It was merely mind over matter, China initially did not mind, because America did not matter anymore, how wrong we all are! We are being played by the bully and everyone dances (especially the politicians).

It merely gives rise to the fact that we have no freedom, we have no rights, and the rights are only there where corporations accept us to have any. Be honest, how many of you signed up for that? That is the real danger of a corporatocracy, in that stage your right to exist and your rights as a person are linked to how profitable and applicable you are in its workforce. You are either a consumer and an asset, or a liability and a burden (or was that the other way round), at that point there are no equal rights, when you stop being part of the gains spreadsheet of corporations your value becomes nil and that realisation will be scary soon enough. It goes beyond mere age discrimination, race discrimination or religious discrimination, it becomes populist acceptance, the consumer, the user and accepting and paying individual is in the populist group, the rest is not, it is an accelerated and extreme version of those who have and those who have not, those who ‘have not’ would be removed from life, support and consideration.

If we take a step back then I would agree that I was not happy that China had won the 5G fight, I preferred it to be European players like Nokia, yet I accepted it as I clearly saw 4 years of pure innovation by Huawei. Apple with it proclaimed innovation was merely iterative and yes Samsung did have innovations, yet Huawei won and technology leaped forward, to see the events that followed, instigated by a loser named America was just disgusting.

If I had one wish to be granted, then it is that every fear mongering journalist, politician, technologist and reporter who pushed for the fear mongering of ‘Huawei spy risk‘ would be engraved on a monument that showed how these people are too unacceptable to be allowed to exist in this world. I prefer them to be hung, but their actions are not illustrated in any Criminal law act, so that would be an illegal action, and I still believe in the law (for now). However, just like we hung every German in Nuremburg who had the default defence of ‘Befehl ist befehl‘ , we get to engrave the fear mongering and misrepresenting facilitators named on a monument (preferably in the form of a flaccid penis) with the consideration texts on a brass cock ring stating: ‘Most stupid person on the planet‘. People who will hide behind ‘I was misinformed‘, ‘I was led to believe‘ and: ‘this is what they told me‘. People like that should not be allowed to carry titles like ‘Journalist’ they should never again be allowed to be part of news publications and never be given the consideration of credibility ever again.

That part is also seen in Forbes when we see: “U.S. companies would be allowed to modify as they see fit the software code used to run any of Huawei’s 5G equipment or even change it and use their own. That way, they will be able to avoid any fears that the Chinese company might be able to access these licensed American made 5G telecommunications gears to spy for the Chinese government“, it gives Huawei additional consideration, especially as the entire Chinese government spy part was NEVER proven, or clear evidence was ever presented to that effect.

Wow, I am still angry!

It bleeds my heart that we (mainly politicians) gave in to America in unproven ways again. Just like there were no WMD’s, there was no Chinese government espionage evidence. This level of injustice and the way some players got here makes me sick to my stomach and there is actually no chance that this feeling will improve over the next day. Too many people will soon realise that they have been pushed into a state where we were treated to the presentation of the United States Manure corporation (USM Inc.), all sold via corporations and too many players were eager to deal this stuff to the populations at large like they were golden covered chocolate truffles.

 

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Anacusis through silence

This is about an article I wrote on June 2nd 2018, the title ‘Cheese Pizza with Oregano‘. The story (at https://lawlordtobe.com/2018/06/02/cheese-pizza-with-oregano/) looks at the finance situation that the big 4 face. With Brexit 7 weeks away that premise is becoming a lot more important. You see the big 4 (including the UK) had a lot of debt, now the issues for the UK do not dwindle, yet the other three are in a less savoury position. As sources gave us then we see: “Spain will have refinancing requirements that exceed €300 billion per annum before 2022. In 2018, 41.2 billion euro, in 2019, 82.4, in 2020 83.9 and in 2021 58.5 billion euro, with 60.4 billion maturing in 2022“, the second part is not Spain, it is Italy where we see: “4 billion euro maturities in 2018, 161 billion in 2019, 164 billion in 2020 and 172.5 billion euro in 2021“. Bloomberg (at https://www.bloomberg.com/opinion/articles/2019-08-29/conte-s-five-star-democrat-coalition-offers-italy-respite) gave us last week ‘Italy’s Unlikely Allies Offer a Brief Respite From Crisis‘, a brief respite is not a solution and there well over a quarter of a trillion Euro to refinance in Europe alone. Where is that coming from? You see Italy is merely one of three players that is in the deep waters, I have no numbers on Germany, yet Spain is in a similar place and whilst we thing that there is no issue, there is. Two nations represent an outstanding invoice totaling €250,000,000,000 due in three months and there is no real solution (as far as I can see it). Refinancing is fine by the banks; with the added interest these two nations will sign an addition burden of no less than €2,500,000,000 and optionally close to twice that amount. This implies that in the two nations every person adds between €24 and €50 to their debt (read: taxes) just to pay for the increased interest. You might not think this is a lot and over a year it seems little but EVERY person in Spain and Italy must pay it, no exceptions and it is merely to pay for the additional interest on the debt, not the debt itself and next year it will be about twice as much and with the outstanding debt still there (I am ignoring the debt of 2018), in 2019 people will have to pay between €75 and €150 each, young, old, it will not matter. So how large is the percentage of people that have to face this invoice and have no means to pay it? Those having to live below the current poverty line is clearly one of these groups and it is not a small group. We all are placed in denial of outstanding bills because the media seemingly ignores it. I gave warning to this in 2017, I reiterated it in 2018 and now the issue is on the doorstep, pushing it forward one more year will make it all come apart. It is the clear stage of deafness through silence. If we keep silent, it goes away. Well, there is some news for you. Anyone who ever faced a debt collector can tell you, it never goes away and that feeling of hardship can follow you up to a quarter of a century. And all this is negating the French situation. Germany is in a much better place, but when the recession hits it will deteriorate and in addition, Germany is seemingly tired of carrying the burden of irresponsible politicians. And when it comes to France, I personally wonder how much Credit Agricole gets to pocket this time around (perhaps you remember the Libor scandal). I agree that Credit Agricole was not alone in this, yet this time around Deutsche bank and Credit Suisse have additional problems and they are not in a position to get caught with their fingers in the cookie jar (or is that fingers in the cocky jar?)

the problem is that these people tend to not learn, in addition, the wealth tends to outrun the fine by a fair bit and that is where the problem lies, the issues of debt needed to have been negated harshly a lot sooner and these governments pushed it forward again and again and this now directly interacts with any additional stimulus, because Spain, Italy, France and Germany (Germany a lot less) will get to feel the pinch on both ends of the pliers, the Stimulus branch and the refinancing branch. The UK is not out of reach of it all, but as it is on the way out it cannot be held responsible for a lot of these upcoming cost and the remain group just does not realise how much money is added to the debt in that way. It was the biggest issue that mattered and it has arrived at the front door of the UK, The Brexit door avoids that issue that was part of the larger problem all along. And now 12 of the 27 nations are eager to say yes to whatever infusion they can manage also becomes a worry, as they now face a much larger share of that expense, so they are complaining as loud as possible.

Even now as we see the Coup D’état message of: ‘Brussels would reluctantly agree Brexit extension if rebel MPs succeed in preventing no-deal‘, and other messages of delay, the delay is essential for Europe because they decided to remain in denial of Brexit, for three years these EU people got fat wages and remained possum, so now we see a larger issue. What use is the EU when it cannot contain any control over the irresponsible spending of the ECB? What use is the EU when the players have shown an inability to get a proper budget? The problem is actually a lot larger. You see the next part is speculative and I cannot prove it, but bare (or bear) with me. It connects to the IMF Data produced for the year 2018. Now we can agree that there is always an interaction. There is expected positive and actual positive. My issue is that EVERY nation in the EU gained (actually except Turkey). All are gaining, now we can agree that most might have had a positive impact, yet when we look back at the news we see: “The weaker end to the year weighed on the economy’s performance in 2017 overall, with growth revised down from 1.8% to 1.7%” (the Guardian), “Britain’s economy slowed to a virtual standstill in the first three months of 2018” (the Guardian), “It felt as though the sector was losing its lifeblood this month as Brexit worries continued to claw away at confidence, new orders and business margins” (the Independent) all these bad news linking Brexit, all whilst the IMF data shows that nominal GDP numbers for the UK went up by 7%.

IMPORTANT

Now there are two important parts here. The first is that the metrics are not the same, yet the premise of one side claiming that there are losses, the positive is down, yet the year before the IMF showed that the UK GDP went down by 0.011% the numbers make no sense, we are thrown between different metrics and those different metrics do not reflect the battering news again and again. The people are being handled with data that is not reliable and that part is obvious not reported on. Just like the news three years ago that the IMF reported that UK austerity was a really bad idea, something that they had to retract later on. The second danger is that the GDP is a lot more complex, yet the premise that the UK economy is so bad, so less good and growing so much less so than before the Brexit ‘threat’ is not seen in a -0.011% versus a plus 7%. Even I agree that 7% is way too positive, but these are the reported numbers and they do not add up, not compared to the media and all the anti-Brexit reporting.

This comes to blows when we see the issues in the other large three European players. In addition, the setting ignores the fact that the medium economies (Netherlands, Belgium, and Sweden) had been doing a lot better. Their economies might be ‘too’ small, yet their good venture might reflect to Eastern Europe to a much larger degree. Merely agreeing with the big four is seemingly folly too.

Oh, and before I forget, we can now also consider the forceful removal of any politician in the European economic field if so desired. They can be fired without any legal repercussions at present. The EU enabled us to do that when they decided to label the no-deal Brexit as a major natural disaster. This works for the remain as well as the Brexit group as the ECB was the biggest flaw in all this. When the Coup D’état works in the UK, we can demand the immediate firing of Mario Draghi and his ECB associates (read: cronies). If the economy is seen as a natural disaster, those setting and prolonging the stage of a natural disaster are wielders of that natural disaster and as such should be pushed out of office without pay.

I wonder if they thought that through, I guess not. I hope I did not oversimplify matters here 😉

 

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Funny Money, Amusing Thickheads

There are two issues and they do not link, but they are supportive of one another. I made notice of this situation 5 months ago in my article (at https://lawlordtobe.com/2019/04/27/then-the-hard/) called ‘Then the hard‘, in the article I give “Now we get to the part where the €2.5 trillion mark matters, as the ECB is trying to find new ways to convince others that the continued provision of stimulus to the economy matters“, as I see it the stimulus protects banks, makes them more powerful, it allows for political stupidity, yet the economy has not been saved (not in the two attempts), it has not been jump started, and it has not been a positive impact for its citizens, merely the industrial executives and the rich CEO’s (OK, that was a more biased view from yours truly, the writer).

As Bloomberg gave us on Saturday (at https://www.bloomberg.com/news/articles/2019-08-31/more-ecb-officials-pile-into-stimulus-debate-as-economy-wilts) ‘More ECB Officials Pile Into Stimulus Debate as Economy Wilts‘, and when we see: “the ECB should keep all options on the table to reinvigorate inflation and growth, including a relaunch of quantitative easing“, it is at that point that the EU citizens are getting screwed (again), more debt (again) and no resolution because the ECB is about the gravy train and not about resolutions. Yes that same article gives opposing voices, yet I would not be surprised that (by a narrow margin) the stimulus people win. This is why Brexit was so important!

In the end the retirees get hammered for those debts, the ECB officials have too fat wallets to care. At this point the debts have surpassed €3,000,000,000,000 and it seems that the end is nowhere near, yet the stage of bankruptcy is there. Even at 0.1% (no debt interest is ever that low) implies that the interest is €3 billion a year. A payment that is way beyond the budgets of any of the EU nations, payment due every year whilst the bulk of them have overextended themselves with budgets that should have been shrunk by well over 5%, so pretty much all the EU nations are running an economic deficit whilst the Mario Draghi Posse is handing out more money, printed money, for a lack of a better term funny money.

What the ECB is not telling anyone that most stimulus options fall flat when the UK officially leaves the EU that is the despair there. Their options melt away when the UK is out and that is why everyone is suddenly in a panic, that is why we get these moronic acts and even UK Labour is all about remain now. And with that part we move to the second part of this.

Now we get to the Chief of Grief, the Duke of Fluke, the one and only real loser in history (as I personally see it) Jeremy Corbyn. When we see headlines like ‘No-deal Brexit: Jeremy Corbyn vows to ‘pull Britain back from the brink’‘, or ‘Final sovereignty on Brexit must rest with the people‘ we see the idiot he is. There was a referendum, there was a voice and Brexit won, the issues with the ECB shows us that we are a lot better outside then inside that mess. There is no brink of Brexit, there is an economic mess and we will enter a stage of recession, anyone telling you that it can be presented is lying to you, or they are wielding massive amounts of money, amounts that no one has. This has been shown by people more intelligent than me and by people with actual economic degrees; they all are on the ‘remain’ fence, merely because it butters their bread. It gets worse when we see that the Hysterical Remain groups that have become violent, abusive and out of control, more important, to a larger degree the media isn’t even covering it. How is that for balanced information?

I have heard one or two actual ‘remainers’ who made a really good case, yet in the end, they have no control over the ECB and the ECB is in Europe at present the great evil. What they claim is good for Europe is to a much larger extent merely good for big business. When we look at those companies leaving the UK, these are all companies hiding behind taxation options, or facilitating to really large players and to some degree that is fine, but the ECB forgot that the well over 150 million small business owners see nothing of any of that and more important, they will see the impact of the 3 trillion euro of debt that the ECB created, things are that much out of whack and I do not get why people accept the presented BS that people like Jeremy Corbyn have been presenting to the masses. I am aware and I also believe that Brexit had its own waves of BS presenters. I made up my own mind and for the most I was leaning towards Remain, Mark Carney (the Marky Mark of the British bank) and especially his speech to the House of Lords was the setting of that stage. Yet he too had one flaw (if you want to call it that), there was no controlling the ECB and they are out again making some lame excuse on the essential economic need for more stimulus, whilst we already know now that it will not save the economy and they are willing to wager another trillion euro and spend it up front.

These people are not held accountable in any way and I say: ‘Enough is enough!‘ The UK is better off by itself steering the economic waters as it had done for centuries. Oh, I almost forgot the second part on sovereignty, sovereignty does not rest with the people, it rests in Buckingham Palace with HRH Queen Elisabeth II. There was a referendum and the Brexit group with a little over 51% won. And to those people still in doubt, you only have yourself to blame with the mess you are creating. There were 46 million votes, representing a 72% group, so 28% did not even bother to vote! Those 13 million votes were invalid straight of the bat, with only 25,000 invalid or blank votes we see no real impact, it they were all remain voted it would not have mattered. When you consider all this and you see the hooligan masses being remain people, we see two parts, the first is that they are moronic (worthy of UK Labour), yet the larger issue is that a lot are in anger because they are not getting properly informed. Stories like: ‘UK government officials told the food industry that supplies of liquid egg could run out in a no-deal Brexit‘, yet the operative word is ‘could‘ we just do not know, and not knowing is adamant in a lot of this, yet the people have faced two years of fear mongering, all large consortiums that see a danger to their margins, not the margins of the shop, the margins to executives and their bonuses, and the people are eating the fear hook, line and sinker. There will be actual issues, but the foundation of all this is that this has never happened before and the EU and the ECB did this to themselves. We all forget how this started, this all started when Greece in 2009 had misrepresented itself and we saw issue after issue, debt after debt and the politicians that caused it merely walked away. Then we were told stories on how Greece might be evicted from the EU, the news was all over that yet the truth was that we were misled (or is that made Miss Led?) The Guardian (in 2015) gave us: “As Athens will be unable to satisfy its financial obligations after a default, many hardliners expect Greece to leave the Eurozone, and printing as much neo-drachma as necessary. Some see this as the only solution to the Greek crisis: it would allow Greece to devalue its new currency, supposedly making the country competitive and resulting in economic growth and the ability to repay its debt“, in addition we get: “while only article 50 of the EU treaty regulates how a state can leave the union. And a mechanism for leaving only the Eurozone or for expulsion even has not been provided for at all“, basically the stupidity of the EU was that they stated that every member will always be up front and do what must be done, which was deceptive in its own rights. So a group that is merely inclusive and under stringent rules can they leave, yet in addition other sources gave us that NO MEMBER can be expelled. This is called a Corporatocracy, not a democracy. Corporations decide on what happens and that is what we basically see at present. The problem here is that any Corporatocracy will limit its actions towards enablers and consumers; the rest is pretty much screwed. In a monarchy all citizens matter and the people do not seem to be able to grasp that, the UK (and the Netherlands, as well as Sweden, Belgium and so on are monarchies within a Corporatocracy and that is a very different setting, that stage can only be made profitable where debts are soaring and the banks not the government decide where you can be at, a situation we see all over Europe. this is not new, I did not invent it, other voices going back to 2014 say pretty much the same thing, I merely have a lot more data available at present. The media relies on advertisement money from any Corporatocracy, so you cannot expect them to actually inform you, it is a double edged blade and both sides are pointed at YOUR guts, it is that detrimental a situation.

So as Greece made a few issues clear in the wrong way, people like Nigel Farage went with the notion of ‘Better Out than in‘, I agree with him, yet I remained on the fence for the longest of times. It was the second ECB stimulus who would put us so much deeper in debt that got me across. The first stimulus was fine, it was an option and even as it did not work out, it gave Europe time, yet the second one the best we could hope for was time and that is where the problem started and now as stimulus 3 is on the table the setting is too unacceptable, the UK needs to get out and fast, deal or not.

Let’s not make a fairy tale, this will not be a nice time and things will get worse for a little while, anyone telling you different is lying to you. The issue is that with the ropes cut the EU cannot force debts on the UK to the degree it is doing now, more important the UK gets to make a few other choices and it will down the road (3-4 years) turn the economy in something stronger. It will result in an actual better quality of life over time, but it will not be immediate. This is why the ties and economic options with players like Huawei (5G), nations like Saudi Arabia (all kinds of goods) and a few other players become important (optionally India with generic medication). Anyone with the misguided notion that Human Rights are the optimal route better stay at home. If Human Rights were an actual power there would be no age discrimination, there would be actual better (and more) housing and there would be a better social security. All missing and mostly because in a Corporatocracy, corporations are largely tax exempt, exactly what we see today. In that stage we now see the rumblings, even as players like Google, Facebook, Amazon, Apple and others are all making noises on leaving, they do so at the risk of losing 69 million consumers. Facebook is truly global, so is Google to the largest extent, yet for Apple we get Huawei, ASUS and HP, Amazon leaving would give the people a slimmer HMV and optionally small businesses come back (my preferred solution), and even as corporations are shouting, screaming, streaming and threatening, they all realise that you cannot walk away from 69 million consumers. Not when they need to share the smaller EU pool with 3-4 competitors at every corner. That is the part we all forgot, consumer power is actually power and we listened to the likes of Jeremy Corbyn for far too long. To be honest, I never thought that it would be possible to be more dim than Nick Clegg (LIBDEMS), yet I was wrong, Jeremy Corbyn pulled it off nicely. I am not stating that Boris Johnson is without flaws (his barber being the obvious one). I am stating that the UK has been in a dangerous position for far too long and as long as the ECB does the way it does it, the danger stays, getting away from that danger is an immediate need at present.

 

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Sign of the Times

There are issues we see and at times issues we ignore. It is not because we want to be indifferent; it is because until it lands on our doorstep (quite literally) we remain ignorant of the actual size of the condition. The LA Times is giving us two parts in this. The second will come a little later as the page was not working correctly, yet the first part is given with ‘Seniors facing eviction fear homelessness and isolation as California’s housing crisis rolls on‘. It is not a local issue, it is a global issue and for the most, the inaction by governments imply that they remain in denial on just how big the issue is.

The premise “It also helped that even as the surrounding neighbourhood gentrified, rent control held his rent below $400. But three months ago, a real estate investor purchased the complex and soon told all tenants to leave. Suddenly, Canel faced the prospect of having to find a new home in a market where nearby studios rent for more than his monthly Social Security benefits — his sole means of support” is not a unique one. It is the direct result of ‘trying’ to attract large businesses. Just ask anyone renting in San Francisco on the Google pressures they face (similar from LinkedIn, Apple and a few others swimming in that pond).

And it seems that Los Angeles got a decent deal with: “Households with at least one person 62 or older made up 26% of no-fault evictions in Los Angeles city rent-controlled buildings between June 2014 and May 2019, according to the Los Angeles Housing and Community Investment Department“, In places like Sydney Australia or London United Kingdom the mess is a lot worse and it is not getting better any day soon. The article (at https://www.latimes.com/business/story/2019-08-28/senior-housing-crisis-impact) gives us a lot more. The feeling you get with: “the average price for a vacant apartment in L.A. County is nearly 40% higher than it was in 2012, at $2,329 a month, according to Zillow” implies that the shift to work until the day you die is no longer a fabrication; it is the direct impact of the cost of living. To give the Australian example, I looked into an apartment. The pictures might not give the whole story, but the impact is visible. The area has a safety score of 2 out of 10, yet the rest of the information is lacking and missing, which is odd to say the least. We see so many stats option, yet they are there merely mimicking distraction. It seems that the NSW government does not like to hand out too much negative information. As I arrived the police was dealing with (another) dead person. It seemed to be drug related, but there is no clarity or reliability on that.

As the images imply it is a studio apartment with separate bathroom and separate kitchen (kitchen not added here). It is on the ground floor with merely one of three without protected bard on the windows, all the flats around that place have them, not that location. A serious kick would remove the door if they are unwilling to go via the window. I was standing in the two opposite corners implying that the living space is less than 4 meters long and almost 3 meters wide, so it is around 12 square meters; the inner doors were removed, so the kitchen and bathroom were all open. If the doors are added, usable space for the living room decreases by over 1 square meter twice over. More important, if you add a one person bed, a table and a chair, the available space is pretty much gone, even more important, it seems unlikely that a TV and a computer will fit; there will be no space for a sofa, entertaining guests is out of the question. Neither the bathroom nor the kitchen will fit a washing machine, so laundry will need to be done by hand. The kitchen was actually decent sized, yet there is a lack of storage there too and with one corner requiring the fridge (there was space for that) we will have to just eat in the living room, which is what most people do anyway. The door for the bathroom was missing and the frame implies it opens outwards, forcing the bed to be right in front of the window. The bathroom is luxurious in size compared to all other parts or this place, yet no space for a washing machine here either. The shelves on the right are the only shelf space I saw in this ‘apartment’, implying the need for a cupboard for clothes, but where to place it, there was no space left. Yet Housing NSW sees this as a very acceptable unit for one person. I think I have to disagree with that. Pricing was not an issue, the price was decently amazing for this dog shed, compared to what else I saw the price was right, but who is willing to live in a dog shed even if the price is right?

The place is away from most options and conveniences and that is not the big issue, not if the place was more secure and larger, the living unit needed to be 50%-100% larger and have space for a washing machine (in either kitchen or bathroom). I believe that only prisons are smaller and whoever comes out of prison might find it acceptable, which is until that person starts yearning for a washing machine to keep clothes clean when that happens all bets are off.

I know that there are perfectly decent places to get, but they are rare, really rare. Only last Monday did we see: ‘Homelessness in NSW reaches ‘crisis point’‘, the problem is that political Sydney has been catering (read: sucking up) to big corporations for too long, there has not been one clear action, not one clear activity to actually achieve anything regarding social housing or affordable housing in general. In this article (at https://probonoaustralia.com.au/news/2019/08/homelessness-in-nsw-reaches-crisis-point/)

We see: “To break the cycle of homelessness we need the [New South Wales] and federal governments to fund more social and affordable housing in the inner city“, as well as “A recent City of Sydney street count found while the number of people sleeping rough fell from 278 in August last year to 254, the use of temporary accommodation rose by 16.8 per cent“. Both are debatable on a few levels. In the first, the housing issue is far beyond the inner city, even when we take out a few high end suburbs (like Kiribilly and Bondi), the bulk of all suburbs have a large lack of affordable housing. the lack has been clearly seen in the inner city, inner west, eastern suburbs, northern suburbs, northern shores, Chatswood, St. Leonards, Woolloomooloo, Kings Cross, Edgecliff, and this list goes on for close to a dozen suburbs more, all lacking, all failing. The second larger failing is that it only seems that rough sleeping fell, the homeless support systems are now all in a stage where they are not allowed to offer sleeping places for more than a year, all that whilst everyone knows that the waiting list on NSW housing is 6 or more years. Even as we accept “The NSW government has invested around $1 billion in funding for homelessness services over the past four years” that number becomes highly debatable when we nit-pick through that list and see where all the money had gone to. In this when we look at the statement by NSW Communities Minister Gareth Ward “Since 2017, our assertive outreach teams have helped house more than 450 people previously sleeping rough on inner city streets” we need to add a little dimensionality, 450 people in two years comes down to less than 19 a month. Now, I am happy for those 19 people, yet if the house I showed is all they get, they are still in a bad place, missing doors, essential options and some level of security. This is not on Gareth Ward. This is on a much larger Australian parliament failing its residents and citizens. Yet that government has been catering to players like CBRE Residential Projects, with a dozen projects, according to their search engine options below $700K (not that affordable, yet there are no prices given, not anywhere. So when you look https://www.cbresi.com.au/, wonder what you can afford. Because as I stated, these places usually are not given a price and only after you give all YOUR details will someone optionally get in touch with you. so if buying a place is what you need consider that at a max of $500K, most real estate places will give ‘We couldn’t find anything that quite matches your search‘, when you seek rental in Sydney and you are able to afford $300 per week (which is way above senior budget, the most likely response from the system is ‘*****THIS IS FOR A CARSPACE ONLY******‘, so a dog shed is all you can hope for (at best).

Whilst rentals in a place only slightly bigger than the one I visited started at $345 a week, implying that the old given “Economists say you shouldn’t spend more than 30% of your earnings on rental costs” is a bloody joke, many are in a stage where they spend 50% or more on rental, some even is high as 75%-85%, that number shows just how delusional some housing economists are, the numbers they rely on have been outdated for well over a decade, even in my good days is was already on 40% of income for rental, and when it comes to food 10% is a massive difference on any budget.

Housing issues is a sign of the times, it is not a mystery, it is a given, what is also a given is that many governments needed to do a lot more well over a decade ago and it was all pushed forward in some empty scheme to let realtors pay for it all, something that was never ever going to happen. It is a large population. In the Netherlands the housing shortage is dangerously close to 1% of its population, In Sweden is was given that 80% of all municipalities faced a housing shortage (not just the big cities), what is interesting is that I saw the dream house in Sweden (in a smaller town) that was the size of a villa (with 4 bedrooms) and went at the price of €40,000, which is truly unbelievable. So sad I missed out, it actually was on a hill and looked out over Långsjön Lake, the fact that I missed out on that palace still makes me sad 15 years later.

The fact is not merely the entire housing issue, when you combine housing issues and age discrimination, the entire matter becomes a lot worse and more pressing, but not to worry, at least 5 governments remain in denial of age discrimination as well, so it is all a nice and compact package ruled by short sighted people (seemingly the trademark of many politicians).

 

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Lap Time

Yes, we heard the term; we see it in athletics, in Formula 1 (and all the other formula races, except baby formula). How did we go after one lap, will lap two be on par, better or are we sliding. The 5G global race is on and even as the US and others are in denial, some facts are open for viewing, so as I got to the page (at https://www.eureporter.co/frontpage/2019/06/26/huawei-dominates-global-race-to-5g-despite-pressure-from-washington/) I was not surprised. The headline ‘Huawei dominates global race to 5G despite pressure from Washington‘ is not really a surprise. Yet one element is a nice verification. when we see: “Currently, two-thirds of global existing 5G networks are powered by Huawei technologies” and that is after a year of BS and fear mongering by the US, if they had not done that the picture would be different, it would be considerably worse for all non-Huawei contenders. So even as Ericsson is building a plant in the US so that they can become the courtesan of choice, reality is a very different stage.

The issue (at https://lawlordtobe.com/2018/11/10/the-heart-processes/) in ‘The Heart Processes‘ where we see: “This now links it back to Huawei (5G barred), the iterative actions of technology whilst we are being surpassed on every technological side. The full article (at https://www.crn.com.au/news/telstra-fault-takes-down-eftpos-and-atms-515080) gives a few more question, yet I will get to them in another article when I give you all a few more technological jabs against certain Telco players as they presented their ego and not their actual capability“, there are references that go back to 2017 where we saw that the non-Huawei players were already behind. There is Forbes Last April with ‘Huawei’s 5G Dominance In The Post-American World‘, or ‘Huawei’s new Wi-Fi routers solve a serious first world problem‘ in January 2018, Huawei have been showing to be the stronger innovator for well over three years and has been leading the 5G market, now that they even under discriminatory environments are achieving a 66% market in current 5G shows just how warped the situation is, so as I stated it before and do so again, ‘America will soon no longer matter’ and that is the true nightmare that the US is facing, when the silver bullet to survive a $22 trillion debt is meely a dud in your own armoury, you end up with a massive problem.

So as we see the Lap Time, with 5G going commercial in the Middle East, and now optionally Germany as well, we will see the blind followers of Europe, who follow the misguided voice of America, we will see them melt like snowflakes in the summer sun (or the current European heatwave), the economy is their Achilles heel and they will all fold.

And the battle will alter its course even further; the advantage that the Middle East is now showing over America is getting teeth and talons. A month ago we saw that Softbank selected Nokia over Huawei, and that is fine, weren’t it for the fact that we also got ‘Nokia Winning 5G Contracts Despite Delivery Delays, CEO Says‘ two weeks ago. Bloomberg gave us that one, so when Nokia gets pushed to cater to American needs, will they lose their Softbank deal and a cornerstone to the Middle East? It is not a given, but it is a valid question. So even as there is truth in the quote: “A few weeks of delays “is not really much” in the context of a 15-20 year cycle, Suri said. In the first quarter, the Finnish company struggled to book revenue from the contracts it had signed“, we accept that these things happen, yet weeks tends to become one month, then a second month and in a race where being there fast matters, Nokia cannot afford to remain delayed, they had to be ahead of the curve and they are not, they are merely on par at best, this now implies that 42 global contracts will be under scrutiny and not delivering on time will constitute pressures that Nokia will be unable to fully deal with and Chief Executive Officer Rajeev Suri knows this.

Even as we see that Nokia is still on the financial fence regarding booking profits (they will do so, no doubt) Huawei was able to secure a lucrative deal with Russian telecoms company MTS. It might be all under the guise of ‘the enemy of my enemy‘, but in the end ‘gold is gold’ and it is in the end about the acquired currency. So as they get Russia and as the EU buckles towards Huawei, we see a market that is a lot stronger for Huawei and every win in the Middle East will tip the European seesaw in favour of Huawei.

For the most after we check the lap time, there is a clear benefit for Huawei, yet Ericsson and Nokia remain strong competitors, Ericsson made the optional flaw of moving part of their base towards America, it sounds good, but their infrastructure will be undermined in several places more and more, so either Ericsson will push American employment to a much higher degree (Customer Service centres, Customer royalty programs and product infrastructure), or they face a massive blow-back more likely than not before EOFY 2020, a setback that will cost them a whole lot more than they bargained for. There is no given on Nokia at present, they had a strong firm presence in Europe and they can do so again, whilst these rules apply to Huawei as well, when you consider the places they were, they have built strong teams all over the place and with the winning strategies in the Middle East they have grown their ambassador places all over the Middle East, something Nokia and Ericsson did not do to such degrees.

So it is not only the 2/3rd advantage that Huawei has, it shows that their infrastructure is still a lot stronger and in the second hour (59:59 after a mobile phone is sold) the systems of Nokia and Ericsson will be tested and I personally believe that they are not ready, more importantly, the people will not be ready for waves of questions that will hit these centres and that will hammer the successes that Nokia and Ericsson have at present.

As lap time goes, it is a strong race from all three, yet a race is only as strong as the team, the car and the track. Yet in a normal race the track is set, in this race we have seen that America has been considering detour after detour and as such some teams will not be ready for what happens after that and in that race Huawei gets the much stronger advantage as America is not considering them, so that pressure falls only on Ericsson and Nokia. And that is where the issues start to count. When players like Softbank get pushed to the back, they will reconsider and anyone changing its order has the danger of taking more than one other player with them, that is the stronger danger that the other two face as they try to gulp down whatever US contract they can get.

There is supporting evidence for that. In Australia NBN showed the need (source: SMH) “NBN Co spokeswoman said the network was committed to “continuously improving the service provided as internet demand and data needs evolve” including a recent $800 million investment into customer service on the fixed wireless network“, the problem is that to a much larger degree Australian NBN is (diplomatically speaking) a $51 billion failure, the only way to save face is to overhaul it to a much larger degree and in light of ‘9.6 million homes and businesses were now connected to the network with 62 per cent of those customers choosing speed plans of 50Mbps or more‘, all whilst this could grow by another 30% if Microsoft and Google had their way, giving us levels of unparalleled congestion soon enough after that.

The moment that ANY vendor needs to acknowledge 5G and congestion in the first year will be the point that turns the customer base into a churn tidal wave and that will happen if the infrastructure is not in place. The US and some others are massively in denial there, it might be argues that this risk is also present in the Middle East and I would expect this to be the case, yet Huawei has had time to prepare and the others are merely jumping on the revenue wagon as the US pushed for a ‘no Huawei zone’ preferably one that is global.

That is the impeding risk, not that Huawei is out of the race, but that the others get stretched too thin. I have seen this happen again and again over the last 20 years and then we get some delusional VP giving their staff an elastic band reference on stretching resources a little more. They ultimately never learned that time is not a factor that can stretch like an elastic band, it is a rigorously set standard that does not budge and against that merely better and larger man power will solve it and Nokia just got rid of a boatload of them, all to cater to 5G, so when they need staff and training them, they will be under the gun 24:7, I do not believe that they are ready at that point and the increased presence in America implies that Ericsson is nowhere near ready, they need well over 500 additional support staff for what comes and they have nowhere near those numbers.

That is all available to the eager eyes and they have not altered that path yet. In their defence, it will not be needed before August 2019, yet there is already enough indication that their growth plan is not set in that direction. As I developed my own IP, I noticed that the Cybersecurity needs for 5G are still in the basement whilst it had to be through the roof almost 3 months ago, so the first cyber security issue will be a devastating one for each of these players. That is merely on a consumer level, on a commercial level the setting is even worse, it is a Nightmare on 5G street waiting to happen and in this there will be no miracle dream weaver, merely some Freddy Kruger that will show now regard for the lives of those victims, as the rewards were just too appealing. An almost perfect cyber storm in the shaping, a stage no likely seen before January 2020, yet even then there will already be victims and loads of insurances that are more likely than not eager to find a loophole not to pay any of them.

As I see it, it is a lap time that is good for all three, yet the setting of lap time is no longer a valid one. When the track definition becomes a flexible one, detours change the stats of everything, changed requirement in mid race will also hamper issues and none are ready, Huawei merely had more time to get ready giving them an additional advantage in this race.

 

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