Tag Archives: the Express

Consideration for dinner

It is Monday, Monday morning and I am in a stage of contemplation. There are all these events going on and for the most they are hollow, empty and merely the setting for the next stage for whatever the staging area needs to be. It is at this point that the Guardian gives us: ‘Two images that show we need to be sensitive about our photos‘, or perhaps the article started the contemplation I am in, it works either way!

The article was actually a quite excellent read, so well done Paul Chadwick!

Where’s Wally (Khlalid Masood)?

The article discusses Khalid Masood, who killed 5 people in March 2017 at Westminster. Now we get the goods. We are offered: “Over several days of covering the hearing, Guardian editors had access to a limited range of images of Masood. For one report they used a photo of him taken in the Great Mosque of Mecca, Islam’s holiest site“. We are then treated to: “From an editorial standards perspective, there was nothing wrong with the image. Legitimately obtained, it depicted a smiling Masood dressed in the traditional white, and behind him the Kaaba, the great cube, around which pilgrims walk seven times. Conscious that the Muslim community can suffer discrimination when terrorist acts are committed in the name of a political ideology that feigns religiosity“.

My thought becomes: “How many criminals and murderers were photographed in a church, or cathedral?” That does not seem to happen either does it? Of course in that specific example Catholic priests, bishops and cardinals were taken away from consideration in this case. I searched Google and a few other sources and I could not find an example. So when I see: “as a gesture of goodwill the editors replaced the photo for another image, a police mugshot. Muslims who had raised the issue were appreciative“, I do accept that the Muslims are appreciative of the gesture, yet the question remains how many criminals were photographed and observed in church? It also gives me the question on how they were able to identify Khalid Masood in that picture to begin with. I understand that the photograph exists; I reckon that the hearts of Muslims will flutter at the sight of being able to see the Grand Mosque of Mecca on the inside to begin with. I myself am struck with wonder, amazed to see this image. Not for the religious reason, but the fact that the original parts were build 1380 years ago is important. You see, it would take centuries until the Netherlands had decent housing (places not made from wood, or a mixture of shit and clay). The oldest house in the Netherlands is almost 500 years younger than this mosque and only parts of a wall in that Dutch building are that old, the rest of the house would not be build (or restored) until 230 years later. When we consider that, seeing the grand Mosque of Mecca should have an impact on anyone, Muslim or not. So as we realise that the building is not merely a beautiful building, it is a millennia old marvel for all the religious reasons, we understand that anyone would want to be photographed in that place and be recognised, but as you take a look at the inserted photograph (click on it to see the full version), finding that person, considering the resolution of the film remains a slight miracle at best. So what would have been the value of showing thousands of Muslims in that one place whilst we cannot tell with any certainty who exactly Khalid Masood is there. Yet, the article (at https://www.theguardian.com/commentisfree/2018/oct/14/sensitive-images-upsetting-photos-essential-truthful-account), is still important. We see that with: “Coverage can justifiably include images of perpetrators but should take care not to glorify them. Had the photo related directly to evidence given in the inquest it might have been necessary to retain it“. I personally do not completely agree. If we accept that a picture is 1,000 words, which photograph ads a 1,000 words or more to the story? Is it the one in Mecca, or the photograph of the scene (at https://www.theguardian.com/uk-news/2018/oct/12/westminster-bridge-attack-khalid-masood-lawfully-killed-inquest-concludes). I like it that Paul Chadwick makes us consider the use of a photograph and when not to do it. It gets us to the linking of another event. You might have heard of a disagreement between the elected government of Yemen and Houthi’s which has since spilled over into a much larger disagreement. the amount of times where the western world trivialised the attacks on Saudi Arabia whilst Iran backed Houthi’s were firing missiles into Saudi Arabia has been too large to ignore, In addition the Washington Post gave us a mere two days ago (at https://www.washingtonpost.com/world/national-security/foiled-paris-bomb-plot-raises-fears-that-iran-is-planning-attacks-in-europe/2018/10/11/2ccf8d0a-c8b9-11e8-b1ed-1d2d65b86d0c_story.html). Here we see ‘Foiled Paris bomb plot raises fears that Iran is planning attacks in Europe‘. In this article, the use of the image of the National Council of Resistance of Iran (NCRI) supporters makes perfect sense. In light of “The diplomat, based at Iran’s embassy in Vienna, had been under surveillance for some time and was suspected of involvement in a plot to bomb a rally of Iranian dissidents in Paris. Despite his diplomatic status, he was arrested and extradited to Belgium, where two others, suspected of planning to carry out the attack in France, were detained”, yet would the image of the ‘Iranian diplomat’ not have made more sense? The fact that he is not mentioned anywhere by name is also a consideration in all this. The fact that this indirectly links to the proxy war that Iran is having with Saudi Arabia is linked in all this. So when we consider these elements. So as we get back to the Diplomat named Assadollah Assadi, we need to some degree also look at Jamal Khashoggi. You see, you cannot turn a page in any paper and Jamal Khashoggi shows up. Probably best known as a contributor to the Washington Post, we wonder why he ended up MAAC (Missing as a contributor). ABC gives us: “But his troubles began later, when he was fired from his post as an editor at the Al-Watan newspaper just two months after he took the job in 2003. The country’s ultra-conservative clerics had pushed back against his criticism of the powerful religious police and a medieval cleric viewed as the spiritual forefather of Wahhabism, the conservative interpretation of Islam that is the founding tenant of the kingdom“, and the question becomes not merely did he vanish because he was a critic of ruling Crown Prince Mohammed Bin Salman. I reckon that the Crown Prince has been surrounded with people disagreeing with him, as such Khashoggi might not have been a blip on his radar. Yet, when we see the Washington Post (at https://www.washingtonpost.com/news/global-opinions/wp/2018/10/06/read-jamal-khashoggis-columns-for-the-washington-post) we see a different story, one that opposes mine and I am fine with that. Yet consider that the people in charge in Riyadh are actually decently intelligent (compared to me) and the entire event in the embassy does not make sense. Lt. Gen. Khalid bin Ali Al Humaidan is not stupid, he is a general and he has been around the war time sandbox long enough, to just let a person vanish in an embassy, whilst there are dozens of cameras pointed at it is not seemingly the brightest act. This leaves me with the setting that there is either orchestration, or someone not as bright listened to the wrong person and acted individually. The quote in the Post, which was “Dozens of Saudi intellectuals, clerics, journalists, and social media stars have been arrested in the past 2 months — the majority of whom, at worst, are mildly critical of the government. Meanwhile, many members of the Council of Senior Scholars (“Ulema”) have extremist ideas“. So here we have a setting that certain people are seemingly opposing the forward drive that HRH Mohammad Bin Salman Al Saud is trying to move towards. The post mentions both Sheikh Saleh Al-Fawzan and Sheikh Saleh Al-Lohaidan and also we see “protected by royal decree from counter argument or criticism“. Yet when I search for these two men, I find close to nothing at all in the present media. Now, that is not an essential part, but in light of the Washington Post articles, I wondered what would drive an implied assassination this short sighted. Whether you agree or not, targeted killing is both an art and a skill and in the digital age, the skill outguns the art by a lot. There are additional parts that do not make sense, yet when you look at the larger picture, there is (highly speculative by me mind you) an active stage of attacking Saudi Arabia any way possible. the overly leftish liberal side to break up US sales to Saudi Arabia, the UK is on a partial similar setting, yet they trivialise any attack on Saudi Arabia (I did filter for the fake news from places like PressTV and a few other sources), yet the attacks are quite clear and even as I understand that the press at large (in more than one way) would want to be protective of fellow journalist Jamal Khashoggi and I get that, yet the absence of critical questions is also a larger issue. When you see this, does the openly defensive stance of Saudi Arabia not make sense?

So how does this get us from where we started?

There are two parts here. The first is the image of the Grand Mosque, whilst we know that Saudi Arabia is its protector, and the view from Paul Chadwick makes perfect sense. Yet, here too we should take caution on certain notions. Mind you, I am asking the question, I am not implying that there is more. that part is seen when we look deeper into the ‘Cricklewood mosque’ event of September 19th and when we search the international news bringers, the shiploads of newspapers that would strike out against Saudi Arabia and others in what I perceive to be non-hatred stories, yet they are certainly not pro Saudi Arabia, or pro Muslim, they did not show up in any google search when I look for the ‘Cricklewood mosque’ event, not at all. That too is important, whilst some are taking down the steam a notch, the opposition events are also ignored to a much larger degree. It leads us to the question, was the mosque image not added as it made for an overly clear anti-Muslim article?

The second part is the setting of events and more importantly how certain parties decided to illustrate them. Anything that is about Jamal Khashoggi carries his photograph and that makes perfect sense, no one debates that, yet when we seek Khalid Masood, we see no image of him in several Westminster attack articles, merely the stage and the victims. Now, here we see clearly that some will say that it might glorify him. There is equal voice not to give Islamic State any kind of visibility. I do not totally agree, but I understand the logic behind it. Yet the article I mentioned earlier, ‘Westminster attacker lawfully killed by minister’s bodyguard, jury finds‘ shows no mention of Islamic State at all, which is actually a little weird. all the other parts are there, the justification of the protective units, the victims, the stage as well as the attack on Sir Craig Mackey, which gets more light in another Guardian article with “The Express front page on Thursday read “Police hero who put his boss to shame”, comparing Mackey’s actions unfavourably with those of the armed protection officer who shot Masood dead, while an article on the Sun website was headlined “Mark of cowardice”“, the actions of Sir Craig make perfect sense and the Express, not the most intelligent player in the news world under the most optimal conditions was left in a clueless state aiming for (a speculated) increased circulation that day, whilst the actions of Sir Craig made tactical sense to say the least, cowardice was not a factor here as I see it. Mind you, getting fired at is unnerving under the best conditions, seeking out a hair storm of lead is just stupid to begin with and Sir Craig staying out of the way, especially as he had no useful gear makes sense. Yet the Independent gave us in March 2018: “A review by Mr Hill’s predecessor found that neither MI5 nor the police had any reason to anticipate the attack, concluding that Masood was “a long way from the top of anyone’s grid”“. From the little that I was able to access, all the elements make sense, the Guardian article leaving Islamic State mention out does not.

It is the illustration by the news that matters, because it causes a lack of illumination and more important we see the shifting balance of a seesaw in the direction of emotional acts, which has never been a good thing. There are questions regarding Jamal Khashoggi no one denies that, yet the stage we see ourselves in is expanding. We see this with: “The event is being hosted by the kingdom’s Crown Prince Mohamed bin Salman to promote his reform agenda. Several sponsors and media groups have decided to withdraw“, as well as “US Treasury Secretary Steve Mnuchin and UK International Trade Secretary Liam Fox might not attend an upcoming investment conference in Riyadh, but White House aide Larry Kudlow said Mr Mnuchin had not yet pulled out.” Now I understand that such a situation would not have been expected, or even anticipated. Not by me. Yet, do you think that this was not on the mind of Lt. Gen. Khalid bin Ali Al Humaidan? when we see settings that are adding up to half a trillion dollars, do you think that a Saudi event like the one we see now regarding Jamal Khashoggi would not have been looked at from every angle? And in light on how highly regarded journalists are in Turkey, the overreaction by turkey is equally unsettling (or let’s just call it suspicious). In the entire setting towards the consulate, we see that the one event now taking shape is a direct win for Saudi’s indirect enemy (Turkey as a supporter of Iran), no one seems to look too deeply there either. It does not mean that Turkey was involved, or that Turkey did anything. The mere absence of looking is an issue and that would drive the defence from the side of Saudi Arabia high up, all this in an action on Saudi soil (the embassy) where there would have been absolutely no tactical advantage for the Saudi government by acting in a building everyone is watching 24:7.

The elements do not add up and the photograph of the Grand mosque brought it to light (read: the forefront of my mind). You see, in opposition to the Christians and their bible (they have over 40 different versions), we see that there is ONE Quran, Sunni and Shia they all have the same Quran, exact to the letter, yet their split happened as you can see in the New York Times (at https://www.nytimes.com/2016/01/04/world/middleeast/q-and-a-how-do-sunni-and-shia-islam-differ.html) through: “A schism emerged after the death of the Prophet Muhammad in 632, and disputes arose over who should shepherd the new and rapidly growing faith. Some believed that a new leader should be chosen by consensus; others thought that only the prophet’s descendants should become caliph“, I am not wise enough to give any level of wisdom here.

I do feel I am wise enough to look into the matters we currently face. Until the press has a more balanced view of the matters in the Middle East, specifically the acts by Iran and the acts by Houthi’s in Yemen, we will see a prolonged level of distrust. Let’s not forget that the building of Neom in Saudi Arabia continues and that it is the utter need of American stability that requires cheap oil. In all this, merely going back to 2017 levels will drain the American economy to the levels if cannot sustain and its need to do business with Iran at that point will be the largest moral defeat the US has ever faced. In addition, the Saudi coffers are getting $73 per barrel against the optional setting that the prices return to $121 per barrel, as winter sets in the US (UK too) that impact will be felt by these populations to a much larger degree, so in all this an optional demand from Saudi Arabia to get the news more balanced is not the weirdest request. Yet the foundation of issues giving rise to the price of oil next month by a mere 2% is not out of the question, and that is not all. The overreaction by President Trump with: ““severe punishment” if Khashoggi, who has been critical of Bin Salman, has been killed“. Fair enough, yet in all this, he has been merely setting the stage where Russia comes for a visit and is the reason for cancelling orders, whilst Saudi pilots are suddenly optionally ‘retrenched’ to get better in using the Mikoyan MiG-35 (Fulcrum-F), and a few other alternatives. Shutting down options for American business seekers in Neom is not a good step to take either; no one can afford walking away from 1,000 billion dollars in projects in this day and age. In addition, for Saudi Arabia having a united technical air force corps with Egypt might not be the worst consideration either, and as ties with Egypt and Russia optionally strengthen in Saudi Arabia, the US will be finding itself on shallow ice with fewer options for their economy and even less possibilities over the next 10 years. All elements out in the open and it would be a strategy that Iran would love to see happen, whether it was to weaken Saudi Arabia or to kick the US where it really hurts, it would be an Iranian victory either way.

So when you consider these elements as well as the notion that for the most there is not a high regard for journalists in the first place (for a few years now), do any of the overreaching actions by certain players make any sense? It is there that we see the consideration for dinner.

Yet I could be wrong in all this. I openly admit that. I have had the longest issues with the entire Skripal setting, the Novichok debacle in Salisbury. Yet there is no denying the Reuters article that gave us ‘Russian website names third GRU officer involved in Salisbury poisoning‘ 4 days ago. With: “The Russian news website Fontanka named on Wednesday a third GRU military intelligence operative, Sergey Fedotov, as having been involved in trying to kill ex-spy Sergei Skripal in the English city of Salisbury“. You see, the facts did not add up, there was too much noise and too little reliability. I have no reason to doubt Reuters, yet I still have issues with this. I do acknowledge that they name a Russian site, yet I know next to nothing about the Fontanka online news agency. When I read (yet again) on this, and the fact that they all seem to know the staff directory of the GRU, as well as the setting of travel, there are things not adding up. Not the travel, that part can be verified in several ways. The fact that we now have a third player, one that apparently did not show up in all those CCTV stills, the fact that three people were involved in a failed attack does not speak highly of the abilities of the Russian GRU, is that not weird either? The fact that humidity decreases the potency of the Novichok, but the perfume was dumped in the trash, not merely ‘accidently’ dropped in a pond, where retrieval would have been unsuccessful and the lethality of the Novichok would have been close to nullified. So with Salisbury basically surrounded by the Avon, they did not consider dropping the ‘perfume’ in there? How badly are these ladies trained (me stating the need for a well-paid job and replacing Colonel general Igor Valentinovich Korobov), I mean, I could hardly do any worse, could I? Let’s face it, in Australia a general’s pay starts at $235,595 with 0 years of experience in that rank. I’d accept that as a starting wage (LOL), even if it turns out to be merely for a year.

Getting back to the Russian stage, Bellingcat gives us (at https://www.bellingcat.com/news/uk-and-europe/2018/09/26/skripal-suspect-boshirov-identified-gru-colonel-anatoliy-chepiga/) the goods which are hard to deny, but it is merely their word against others. Yet they also become the doubt in this. Even as we accept: “The suspect using the cover identity of “Ruslan Boshirov” is in fact Colonel Anatoliy Chepiga, a highly decorated GRU officer bestowed with Russia’s highest state award, Hero of the Russian Federation. Following Bellingcat’s own identification, multiple sources familiar with the person and/or the investigation have confirmed the suspect’s identity“. When we add “Anatoliy Chepiga graduated the academy with honors in 2001. He was then assigned to serve in the 14th Spetsnaz Brigade in Russia’s farthest-eastern city of Khabarovsk, one of the elite Spetsnaz units under GRU command. Chepiga’s unit (74854, formerly 20662) played a key role in the second Chechen War, and was also observed near the Ukrainian border in late 2014“, we see an optional picture of a dedicated Russian officer, no one questions that, yet in that light, how come that he was involved in active failures of this degree and in the end a second event caused the death of an innocent bystander?

He could have used a knife, a mere piece of thin nylon rope, all methods that optionally makes finding evidence a near impossibility. Then we get the doubt again with “The research team was able to find Anatoliy Chepiga in two locations and time periods in the database: in 2003, in Khabarovsk; and in 2012 in Moscow“, you see, even by their own admission, heroes of the Russian Federation tend to be really well documented, so why do we see awards, failures and almost no documented admissions (even less photographs, beside the point that most photo’s never made it into newspapers)? It makes no sense and that brings us back to the Saudi Arabian setting. Even now as we are treated to so called audio evidence, evidence that was debunked by the BBC on more than one level, yet in all this Al Jazeera gives us: “Technology experts are sceptical that Jamal Khashoggi was able to sync recordings from his Apple watch to a phone in his fiancée’s possession from inside the Saudi consulate in Istanbul. The claim, as reported in Turkey’s pro-government media, is that Turkish officials have audio recordings from Khashoggi’s smart watch that prove the Saudi journalist was tortured and killed while inside the embassy. Saudi Arabia has called the allegations “baseless lies” and it is still unclear how Turkey would have obtained the audio evidence“, I personally believe that Al Jazeera is wrong here. The BBC (at https://www.bbc.com/news/technology-45857777) debunks that story via Rory Cellan-Jones, the Technology correspondent. He does it point by point and does it with clarity, so in all this, why would the pro-Turkish government media blatantly lie about this? that and the other elements give doubt to all this and when we consider that it was optionally not a Saudi operation at all, we might be treated to a setting where the Turkish government is optionally involved in making the trade waters murky, optionally merely as a tool for Iran. What do you think is more likely and when we look at the photographs and the choices made, it is not merely contemplation for dinner, the entire setting of doing what is correct sheds a light on the media that is not as great as we hoped it would be.

Yet the BBC also gave us: “it seems far more likely that they have other means of detecting what foreign diplomats are up to and the Apple Watch story is just useful cover“, that we can agree on, both Iran and Turkey have every interest in keeping ears on every room in the Saudi Consulate and there we agree is the option that technical solutions are in abundance but without the proper vetting of sources, it remains speculation to some degree.

Still the actions in the consulate are a question mark, a person that is watched to this degree, acting in the consulate only seems to be the safer option, ‘seems’ being the operative word.

We need to take all these elements into consideration, whenever we ‘actively engage’ in settings of consideration, the larger picture matters, it matters a lot and even as I spoke out against the guilt of Russia as a state operator in Salisbury, the Bellingcat part is seemingly more persuasive in voicing that there is an issue, yet what I personally perceive to be the stupidity levels of the Skripal operation (for lack of a better description) is one that we should also consider in the Khashoggi events in Istanbul. So until the Turkish government gives public access to their audio files I remain in doubt. Clearly something happened, but what exactly and by whom are still elements that cannot be answered for now, and when we contemplate things that needs to be on the forefront of our minds.

When confirmed the implied image of Khalid Masood in the grand mosque of Mecca is merely the fact that he is Muslim, we already knew that, yet the Guardian also gave us the goods that he converted no earlier than 13 years before the attack, so after his prison sentence in 2000, so he was optionally a Christian for the longest time of his life, another part that few news media looked at to a better degree, the Guardian fortunately did. We are also given that around 12% of home grown terrorists were converts, considering that there are billions of Muslims, that number is interesting. It might not merely be about the conversion; it could be that those doing the conversion might have optionally left converts at the mercy of extreme imams, which is a debate for another day. It merely shows that there is a larger issue I all this and before we contemplate what is the right course of action, we need to realise that certain acts to stop intelligence gathering has been the shackles that prevent the intelligence community and the police to effectively act against lone wolves, moreover, there is less evidence that it can be stopped, for that you merely have to look at the picture of Masood in his football team when he was young, even as the one non-white individual he does not stand out, giving MI-5 a much larger headache then they needed in the first place.

Yes we need to be sensitive about photographs at times, yet when they also reveal that they basically reveal nothing, how would their use have value in the first place? Setting a stage, setting an emotional bias, or merely an illustration to make the article readable?



1 Comment

Filed under Media, Military, Politics, Religion

French Grape juice and a shipyard

There are issues stirring in the land of grapes and cheese. In France things are becoming slightly restless. Now, I have had my doubts about Emmanuel Macron for several reasons, but not on this. The Express (at http://www.express.co.uk/news/world/834196/France-Emmanuel-Macron-en-march-crisis-polls-fall-French-president) gives us “Several members of French ruling party En Marche! have accused President Emmanuel Macron and party directors of going against the root values of the movement by trying to change the internal guidelines regulating the candidates’ selection process“, which gives my initial response ‘And?‘, you see, being in a new party, being in front and shouting the loudest does not automatically grant the rights to wield a multibillion wallet for defence or healthcare. In the end, the selected party needs to place the right people in the right places, those with knowledge and the ability to push a nation forward. This would have been the one nightmare for Nigel Farage if he had won the elections the last time around. No matter how we feel about UKIP, it is not really seeded with senior cabinet quality fuel. The same can be stated for En Marche! That view is well phrased in “French politics expert Ariane Bogane from Northumbria University told France 24 that the party had justified its decision to change key elements of the movement, such as internal election, by saying that it was in order to avoid “personal ambition,” “rivalry” and “in-fighting”“. So what is going on, is it merely the infighting, or the disillusion of those who did work hard and expected to become part of the French government? Those bragging on the post they are considered for and having to go home realising that the carefully phrased ‘we are considering‘, becomes, ‘we were forced to find the person with the ability much more suiting the expertise required‘? Politics is all about finding the pushing forward party, within the party it will almost never be about to compromise.

Yet the title gives another image. With ‘‘Oligarchy is coming!’ Macron faces nightmare political CLASHES as he PLUMMETS in polls‘ we are confronted with two part. As the express hid in the dictionary trying to tell us that a small group of people is in control in France is not new. Those who keep their eyes open are aware of that, for example, Natixis is surpassing a trillion euro value before the end of 2018, and its 15 members of the board have a large say for well over 20% of France, which is one hell of an impact. I am not referring that they have something to say, like for example Mark Carney as Governor of the British bank, no these 15 can lay down the law in unspoken ways. Actually, one of them had a (large) setback as the Wall Street Journal reported in 2014 with “Henri Proglio’s contract as chief executive of Electricité de France SA, sidelining a powerful businessman who has been close to the country’s center-right political camp“, yet there are several indications that this was merely a resignation on political grounds as some equally powerful players got to feel the heat of more than the mere risk of the Hinkley Point C nuclear project (yet, we will remain silent on those accusers, won’t we Credit Agricole SA?); in all this, the players have a point as the costs at one point was expected to surpass over 10% and on £18 billion it starts to add up fast. This is merely part one, in part two we need to look at the plummeting and so on. Yet overall, why becomes the question. I think it is more than that the current president is a mere former banker. In this the Independent (at http://www.independent.co.uk/news/world/europe/emmanuel-macron-popularity-rating-plummets-french-president-worst-in-20-years-july-ifop-budget-cuts-a7856986.html) gives us “Results come after the 39-year-old former banker unveiled key budget cuts in public spending and military finances – a move which has been heavily criticised“, which might be a valid reason for some to nag, yet what they forgot is that the previous administrations left France with a minus €2.1 trillion on the French governmental credit card and their economy is nowhere near the English one. In addition, France has a mere 64 million people, do that equation as debt per person bites in equality. The money is gone! The UK has been in this mode for well over half a decade and the French better wizen up fast, because the people now complaining had not as much as a hard time because harsh changes were required as early as 2010, nothing in that regard was seriously done. Another quote is “Mr Macron ended up overruling his own prime minister by vowing to go ahead with tax cuts in 2018, and plans to cut housing benefits were received unfavourably“, which everyone sneers at (the decision that is), yet perhaps you remember the French actor Gérard Depardieu who moved to Russia of all places because of outlandish taxation. When we consider some of the French numbers, we see the quote “less than 50% of inhabitants in France pay any income tax at all; only around 14% pay at the rate of 30%, and less than 1% pay at the rate of 45%” (source French Property). Under those conditions, we might expect that plenty have to complain about housing benefits, it might well be those not paying income tax at all. So when we see housing benefits, whilst the French are down well over 2 trillion, we have to consider how valid the polls are, perhaps better stated how fair they are one Emmanuel Macron. We all knew that the promises made by Emmanuel Macron would be hard to keep, yet not impossible. As a banker he knows that if the tax hike works and the hike become thousands of jobs, he has a start, the one thing about the French is that they are proud, yet those who are part of this Oligarchy tend to invest nationally as that is where their power and influence are.

For this we make a small sidestep to the dictionary. You see there are difference (which is also odd)

In the Cambridge dictionary we see “A type of government by powerful people in a small group is called oligarchy“, Merriam-Webster gives us “A small group exercises control especially for corrupt and selfish purposes in a type of government” and Oxford states “Oligarchy is a type of government controlled by a small group of people” so as we see the En Marche group cry in a Merriam-Webster style, whilst the reality is that the reality is merely the Oxford/Cambridge application of the issue. None of them invoke a social governing and even as the En Marche people are now moving towards Fascism accusations (none have been formally made at present), we need to realise that none of it matter if the French economy does not make a decent step forward. The social structures have drained the French nation too much. France has seen strike after strike; the French labour unions are a debilitating power, a fact even acknowledged by many French citizens. Now, I have never been against labour unions, yet they have to realise that their time as they perceive themselves to be is over, if the French have to default even once, their existence stops, the money flow stops and that will change the game forever in France. There are other parts and there is an issue whether a blame game applies. We have heard for some time on labour reforms, and even as we see the validity due to massive French debts, in this Bloomberg offers (at https://www.bloomberg.com/news/articles/2017-07-24/macron-s-uphill-battle-against-france-s-labor-law-quicktake-q-a) questions and answers that I now can avoid. We know that there are issues, yet it comes from a civil law system, with the French labour code set in over 3000 pages, as such reform now becomes essential. We see reports like “French unions say making it easier to fire people won’t create jobs, and that unemployment results from the tight budget policies forced by EU-imposed austerity“, this is not an invalid response (read: consideration), yet in equal measure we see that there is little space for short term jobs and as such, backpackers all over Europe get to take some of the economic cream from the top of the revenue, something that might be valid work for the French, yet some of them are not going near any short term jobs in hear of long term consequences. The Bloomberg quote “His three immediate predecessors all viewed France’s labour laws as too restrictive. In 2003 and 2005, Jacques Chirac managed to loosen the 35-hour cap on the working week, making it easier and cheaper for companies to add extra hours. In 2008, Nicolas Sarkozy cut taxes on overtime work and made it simpler for individual workers to negotiate their own departures. And Francois Hollande’s reforms of 2013 and 2016 made it easier to justify layoffs due to a downturn in business” is the clearest one, you see three administrations have seen the folly of the labour restrictions. Whether the unions are in fear of the power they wield, and the fear of how they become obsolete, that is how I see it, four administrations realise that companies with 49 have growth limits, pushing themselves into foreign ground through partnerships when it becomes an option, slicing the French economy at least twice in a negative way.

The second issue is less on the things he does and more about how it is done. The New Statesman is referring to ‘the Macron Con‘, the Evening standard is all about ‘shedding the banker image‘ and some have even less nice things to say, yet some is of his own volition, with ‘My thoughts are ‘too complex’ for journalists, says Emmanuel Macron‘ the Telegraph paraphrases “An Elysée official told Le Monde newspaper that the 39-year-old centrist leader’s “complex thought process lends itself badly to the game of question-and-answer with journalists” that is held every year on the July 14 national holiday“, it is not a good way to make friends in that area of people who still at times laughingly refer to themselves as ‘journalists‘. It now becomes the question how they will see and report on the STX France nationalisation. In this there is validity to at least some degree. There is no guarantee that the Italians will keep it as is, there is no guarantee that there will not be a ‘transfer’ of grounds towards very different applicable destinations. When we consider USA Today as a source with: “STX France is the only shipyard in France big enough to build big warships. It’s also a significant employer in France“, if so, can anyone explain to me how handing it to the Italians was a clever move to begin with? If the EU will builds its force on EU ground, than France would fare a lot better keeping the one place where they could be build French property, that is merely good business. In addition, as it is still doing jobs, which are unlikely to be completed before the end of 2018, how is changing hands of the shipyard a good idea?

There is no doubt that the STX war is not over and I am not even going to speculate how this will turn out at present, you see being pre-emptive is one thing, the danger is that some shareholders will offer what they have in different ways to get the most out of their shares and greed can make a shareholder creative in getting the coin they expected. Yet, Trikkles (at http://trikkles.com/2017/07/28/french-government-to-nationalize-stx-france-economy.html), gives us “President Macron jettisoned his pro-business agenda and threatened to nationalise France’s leading shipyard to prevent its takeover by Fincantieri“, is that true? Keeping STX French might be very pro-business indeed. If it becomes Fincantieri property, there would be consequences. The Higher echelons could end up being replaced by Italians, so that is a chunk of funds not remaining in France, in addition, with procurement scandals first in Taipei in 2000 and now in India 2016, there are other considerations to make, so there are issues beyond the ship that is to be build. The interesting part is that in the entire emission control solution, I would have thought that they would focus on bringing jobs to the US, not ending up with a French place and getting loads of Americans and Italians to Normandy, let’s face it, it is no longer 1944.

In all this Emmanuel Macron seems to be getting a rough time. As the newspapers focussed on the largest drop, it seems that they are all in denial that both the UK and France are merely two players who have an astronomical deficit to deal with. In all this the Financial Times gives us another view (at https://www.ft.com/content/c826f982-7383-11e7-93ff-99f383b09ff9), as they state “Macron’s pro-EU stand is tested by Italy on the waterfront“, some will call it ‘betrayal’, yet who voice that and for what reasons? Here we also see the quote from Pier Carlo Padoan as he accused Mr Macron of abandoning his professed “pro-Europeanism and liberal values” by his decision to take STX France. So is it non-liberal or an essential step not to endanger the Normandy economy in the longer run? As we realise that STX is one of the few places in Europe where building an aircraft carrier is possible, as well as the fact that the largest cruise ship in history is getting build here, why leave it to the Italians? In this, the quote “Fincantieri had pledged to keep jobs and orders in France for five years” reads like a hollow joke, it merely not mentions that after 2022 syphoning the French economy towards Italy would be a given and with the French economy being a mere 1%, that syphoning could potentially kill the French options. So when I see the additional hollow quote “and Italian ministers rightly point out that Mr Macron’s demand to renegotiate suggests a lack of trust“, would that be a lack of trust, or a lack of Italian consideration when the clock strikes August 1st 2022?

In this there is one part that the complaining French seem to fail to grasp, if STX is only the first of a few reallocations to foreign owners, how deep in unemployment could France get? I have in the past never professed to be any kind of consideration to bankers like Emmanuel Macron, yet in equality I have been for the most always been on the side of giving all a fair chance, it seems that the French are not giving that to Emmanuel Macron, which as French citizens is their right (freedom of speech and so on). I merely hope that these people are looking further forward than the issues due next week, because in the long run France will need to adjust to a larger degree, the question becomes how and that is the issue that the previous 3 administrations have fought over for the longest time of their administration.


Leave a comment

Filed under Finance, Law, Media, Military, Politics

When the trust is gone

In an age where we see an abundance of political issues, an overgrowing need to sort things out, the news that was given visibility by the Guardian is the one that scared and scarred me the most. With ‘Lack of trust in health department could derail blood contamination inquiry‘ (at https://www.theguardian.com/society/2017/jul/19/lack-of-trust-in-health-department-could-derail-blood-contamination-inquiry), we need to hold in the first stage a very different sitting in the House of Lords. You see, the issues (as I am about to explain them), did not start overnight. In this I am implying that a sitting with in the dock Jeremy Hunt, Andrew Lansley, Andy Burham and Alan Johnson is required. This is an issue that has grown from both sides of the Isle and as such there needs to be a grilling where certain people are likely to get burned for sure. How bad? That needs to be ascertained and it needs to be done as per immediate. When you see “The contamination took place in the 1970s and 80s, and the government started paying those affected more than 25 years ago” the UK is about to get a fallout of a very different nature. We agree that this is the term that was with Richard Crossman, Sir Keith Joseph, Barbara Castle, David Ennals, Patrick Jenkin, Norman Fowler, and John Moore. Yet in that instance we need to realise that this was in an age that was pre computers, pre certain data considerations and a whole league of other measures that are common place at this very instance. I remember how I aided departments with an automated document system, relying on 5.25″ floppy’s, with the capability that was less than Wordstar or PC-Write had ever offered. And none of those systems had any reliable data storage options.

The System/36 was flexible and powerful for its time:

  • It allowed 80 monitors (see below for IBM’s description of a monitor) and printers to be connected. All users could access the system’s hard drive or any printer.
  • It provided password security and resource security, allowing control over who was allowed to access any program or file.
  • Devices could be as far as a mile from the system unit.
  • Users could dial into a System/36 from anywhere in the world and get a 9600 baud connection (which was very fast in the 1980s) and very responsive for connections which used only screen text and no graphics.
  • It allowed the creation of databases of very large size. It supported up to about 8 million records, and the largest 5360 with four hard drives in its extended cabinet could hold 1.453 gigabytes.
  • The S/36 was regarded as “bulletproof” for its ability to run many months between reboots (IPLs).

Now, why am I going to this specific system, as the precise issues were not yet known? You see in those days, any serious level of data competency was pretty much limited to IBM, at that time Hewlett Packard was not yet to the level it became 4 years later and the Digital Equipment Corporation (DEC) who revolutionised systems with VAX/VMS and it became the foundation, or better stated true relational database foundations were added through Oracle Rdb (1984), which would actually revolutionise levels of data collection.

Now, we get two separate quotes (not from the article) “Dr Jeremy Bradshaw Smith at Ottery St Mary health centre, which, in 1975, became the first paperless computerised general practice“, as well as “It is not developed or intended for use in any inherently dangerous applications, including applications that may create a risk of personal injury. If you use this software or hardware in dangerous applications, then you shall be responsible to take all appropriate fail-safe, backup, redundancy, and other measures to ensure its safe use“, the second one comes from the Oracle Rdb SQL Reference manual. The second part seems a bit of a stretch; consider the original setting of this. When we see Oracle’s setting of data integrity, consider the elements given (over time) that are now commonplace.

System and object privileges control access to application tables and system commands, so that only authorized users can change data.

  • Referential integrity is the ability to maintain valid relationships between values in the database, according to rules that have been defined.
  • A database must be protected against viruses designed to corrupt the data.

I left one element out for the mere logical reasons.

now, in those days, the hierarchy of supervisors and system owners was nowhere near what it is now (and often nowhere to be seen), referential integrity was a mere concept and data viruses were mostly academic, that is until we get a small presentation by Ralf Burger in 1986. It was in the days of the Chaos Computer Club and my trusty CBM-64.

These elements are to show you that data integrity existed in academic purposes, yet the designers who were in their data infancy often enough had no real concept of rollback data events, some would only be designed too long later, and in all this, the application of databases to the extent that was needed. It would not be until 1982 when dBase II came to the PC market from the founding fathers of what would later be known as Ashton-Tate, George Tate and Hal Lashlee would create a wave that would get us dBase III and with the creation of Clipper by the Nantucket Corporation, which would give a massive rise to database creations as well as the growth of data products that had never been seen before, as well as being the player that in the end propelled data quality towards the state it is nowadays. In this product databases did not just grow with the network abilities within this product nearly any final year IT person could have its portfolio of clients all with custom based products all data based. Within 2-3 years (which gets us to 1989), a whole league of data quality, data cleaning and data integrity base issues would surface for millions of places, all requiring solutions. It is my personal conviction that this was the point where data became adult, where data cleaning, data rollback as well as data integrity checks became actual issues that were seriously dealt with. So, here in 1989 we are finally confronted with the adult data issues that for the longest of times were only correctly understood by more than a few niche people who were often enough disregarded (I know that for certain because I was one of them).

So the essential events that could have prevented only to some degree the events we see in the Guardian with “survivors initially welcomed the announcement, while expressing frustration that the decades-long wait for answers had been too long. The contamination took place in the 1970s and 80s“, certain elements would not come into existence until a decade later.

So when we see “Liz Carroll, chief executive of the Haemophilia Society, wrote to May on Wednesday saying the department must not be involved in setting the remit and powers of an inquiry investigating its ministers and officials. She also highlighted the fact that key campaigners and individuals affected by the scandal had not been invited to the meeting“, I am not debating or opposing her in what could be a valid approach, I am merely stating that to comprehend the issues, the House of Lords needs to take the pulse of events and the taken steps forward from the Ministers who have been involved in the last 10 years.

When we see “We and our members universally reject meeting with the Department of Health as they are an implicated party. We do not believe that the DH should be allowed to direct or have any involvement into an investigation into themselves, other than giving evidence. The handling of this inquiry must be immediately transferred elsewhere“, we see a valid argument given, yet when we would receive testimonies from people, like the ministers in those days, how many would be aware and comprehend the data issues that were not even decently comprehended in those days? Because these data issues are clearly part of all of these events, they will become clear towards the end of the article.

Now, be aware, I am not giving some kind of a free pass, or give rise that those who got the bad blood should be trivialised or ignored or even set to a side track, I am merely calling for a good and clear path that allows for complete comprehension and for the subsequent need of actual prevention. You see, what happens today might be better, yet can we prevent this from ever happening again? In this I have to make a side step to a non-journalistic source, we see (at https://www.factor8scandal.uk/about-factor/), “It is often misreported that these treatments were “Blood Transfusions”. Not True. Factor was a processed pharmaceutical product (pictured)“, so when I see the Guardian making the same bloody mistake, as shown in the article, we see and should ask certain parties how they could remain in that same stance of utter criminal negligence (as I personally see it), but giving rise to intentional misrepresentation. When we see the quote (source: the Express) “Now, in the face of overwhelming evidence presented by Andy Burnham last month, Theresa May has still not ordered an inquiry into the culture, practice and ethics of the Department of Health in dealing with this human tragedy” with the added realisation that we have to face that the actual culprit was not merely data, yet the existence of the cause through Factor VIII is not even mentioned, the Guardian steered clear via the quote “A recent parliamentary report found around 7,500 patients were infected by imported blood products from commercial organisations in the US” and in addition the quote “The UK Public Health Minister, Caroline Flint, has said: “We are aware that during the 1970s and 80s blood products were sourced from US prisoners” and the UK Haemophilia Society has called for a Public Inquiry. The UK Government maintains that the Government of the day had acted in good faith and without the blood products many patients would have died. In a letter to Lord Jenkin of Roding the Chief Executive of the National Health Service (NHS) informed Lord Jenkin that most files on contaminated NHS blood products which infected people with HIV and hepatitis C had unfortunately been destroyed ‘in error’. Fortunately, copies that were taken by legal entities in the UK at the time of previous litigation may mean the documentation can be retrieved and consequently assessed“, the sources the Express and the New York Times, we see for example the quote “Cutter Biological, introduced its safer medicine in late February 1984 as evidence mounted that the earlier version was infecting hemophiliacs with H.I.V. Yet for over a year, the company continued to sell the old medicine overseas, prompting a United States regulator to accuse Cutter of breaking its promise to stop selling the product” with the additional “Cutter officials were trying to avoid being stuck with large stores of a product that was proving increasingly unmarketable in the United States and Europe“, so how often did we see the mention of ‘Cutter Biological‘ (or Bayer pharmaceuticals for that matter)?

In the entire Arkansas Prison part we see that there are connections to cases of criminal negligence in Canada 2006 (where Canadian Red Cross fell on their sword), Japan 2007 as well as the visibility of the entire issue at Slamdance 2005, so as we see the rise of inquiries, how many have truly investigated the links between these people and how the connection to Bayer pharmaceuticals kept them out of harm’s way for the longest of times? How many people at Cutter Biological have not merely been investigated, but also indicted for murder? When we get ‘trying to avoid being stuck with large stores of a non-sellable product‘ we get the proven issue of intent. Because there are no recall and destroy actions, were there?

Even as we see a batch of sources giving us parts in this year, the entire visibility from 2005-2017 shows that the media has given no, or at best dubious visibility in all this, even yesterday’s article at the Guardian shows the continuation of bad visibility with the blood packs. So when we look (at http://www.kpbs.org/news/2011/aug/04/bad-blood-cautionary-tale/), and see the August 2011 part with “This “miracle” product was considered so beneficial that it was approved by the FDA despite known risks of viral contamination, including the near-certainty of infection with hepatitis“, we wonder how the wonder drug got to be or remain on the market. Now, there is a fair defence that some issues would be unknown or even untested to some degree, yet the ‘the near-certainty of infection with hepatitis‘ should give rise to all kinds of questions and it is not the first time that the FDA is seen to approve bad medication, which gives rise to the question why they are allowed to be the cartel of approval as big bucks is the gateway through their door. When we consider the additional quote of “By the time the medication was pulled from the market in 1985, 10,000 hemophiliacs had been infected with HIV, and 15,000 with hepatitis C; causing the worst medical disaster in U.S. history“, how come that it took 6 years for this to get decent amounts of traction within the UK government.

What happened to all that data?

You see, this is not merely about the events, I believe that if any old systems (a very unlikely reality) could be retrieved, how long would it take for digital forensics to find in the erased (not overwritten) records to show that certain matters could have been found in these very early records? Especially when we consider the infancy of data integrity and data cleaning, what other evidence could have surfaced? In all this, no matter how we dig in places like the BBC and other places, we see a massive lack of visibility on Bayer Pharmaceuticals. So when we look (at http://pharma.bayer.com/en/innovation-partnering/research-focus/hemophilia/), we might accept that the product has been corrected, yet their own site gives us “the missing clotting factor is replaced by a ‘recombinant factor’, which is manufactured using genetically modified mammalian cells. When administered intravenously, the recombinant factor helps to stop acute bleeding at an early stage or may prevent it altogether by regular prophylaxis. The recombinant factor VIII developed by Bayer for treating hemophilia A was one of the first products of its kind. It was launched in 1993“, so was this solution based on the evolution of getting thousands of people killed? the sideline “Since the mid-1970s Bayer has engaged in research in haematology focusing its efforts on developing new treatment options for the therapy of haemophilia A (factor VIII deficiency)“, so in all this, whether valid or not (depending on the link between Bayer Pharmaceuticals UK and Cutter Biological. the mere visibility on these two missing in all the mentions, is a matter of additional questions, especially as Bayer became the owner of it all between 1974 and 1978, which puts them clearly in the required crosshairs of certain activities like depleting bad medication stockpiles. Again, not too much being shown in the several news articles I was reading. When we see the Independent, we see ‘Health Secretary Jeremy Hunt to meet victims’ families before form of inquiry is decided‘, in this case it seems a little far-fetched that the presentation by Andy Burham (as given in the Express) would not have been enough to give an immediate green light to all this. Even as the independent is hiding behind blood bags as well, they do give the caption of Factor VIII with it, yet we see no mention of Bayer or Cutter, yet there is a mention of ‘prisoners‘ and the fact that their blood was paid for, yet no mention of the events in Canada and Japan, two instances that gives rise to an immediate and essential need for an inquiry.

In all this, we need to realise that no matter how deep the inquiry goes, the amount of evidence that could have been wiped or set asunder from the eyes of the people by the administrative gods of Information Technology as it was between 1975 and 1989, there is a dangerous situation. One that came unwillingly through the evolution of data systems, one that seems to be the intent of the reporting media as we see the utter absence of Bayer Pharmaceuticals in all of this, whilst there is a growing pool of evidence through documentaries, ad other sources that seem to lose visibility as the media is growing a view of presentations that are skating on the subject, yet until the inquiry becomes an official part we see a lot less than the people are entitled to, so is that another instance of the ethical chapters of the Leveson inquiry? And when this inquiry becomes an actuality, what questions will we see absent or sidelined?

All this gets me back to the Guardian article as we see “The threat to the inquiry comes only a week after May ordered a full investigation into how contaminated blood transfusions infected thousands of people with hepatitis C and HIV“, so how about the events from 2005 onwards? Were they mere pharmaceutical chopped liver? In the linked ‘Theresa May orders contaminated blood scandal inquiry‘ article there was no mention of Factor VIII, Bayer (pharmaceuticals) or Cutter (biological). It seems that we need to give rise that ethical issues have been trampled on, so a mention of “a criminal cover-up on an industrial scale” is not a mere indication; it is an almost given certainty. In all that, as the inquiry will get traction, I wonder how both the current and past governments will be adamant to avoid skating into certain realms of the events (like naming the commercial players), and when we realise this, will there be any justice to the victims, especially when the data systems of those days have been out of time for some time and the legislation on legacy data is pretty much non-existent. When the end balance is given, in (as I personally see it) a requirement of considering to replace whatever Bayer Pharmaceuticals is supplying the UK NHS, I will wonder who will be required to fall on the virtual sword of non-accountability. The mere reason being that when we see (at http://www.annualreport2016.bayer.com/) that Bayer is approaching a revenue of 47 billion (€ 46,769M) in 2016, should there not be a consequence of the players ‘depleting unsellable stock‘ at the expense of thousands of lives? This is another matter that is interestingly absent from the entire UK press cycles. And this is not me just speculating, the sources give clear absence whilst the FDA reports show other levels of failing, it seems that some players forget that lots of data is now globally available which seems to fuel the mention of ‘criminal negligence‘.

So you have a nice day and when you see the next news cycle with bad blood, showing blood bags and making no mention of Factor VIII, or the pharmaceutical players clearly connected to all this, you just wonder who is doing the job for these journalists, because the data as it needed to be shown, was easily found in the most open of UK and US governmental places.


Leave a comment

Filed under Finance, IT, Law, Media, Politics, Science

Vive la what?

France decided, Emmanuel Macron is now the President of France. I will not shout some ‘hack’ issue. I believe that France made a choice, how well the choice is, is something that the President-elect of France will have to prove to be. Not the lame statistics on how young he is. The Guardian gives us some of the optional bad news (at https://www.theguardian.com/world/2017/may/07/theresa-may-congratulates-macron-on-victory-as-eu-breathes-sigh-of-relief) where we see: “Happy that the French have chosen a European future. Together for a stronger and fairer Europe.” No, they did not and your rhetoric only is a first piece of evidence that the EU and the ECB are considering a former investment banker to be the reason to play your games, forcing people deeper in debt and slowly turning the EU into something despicable. For the most, the article is fine. Today will be all about congratulating President Macron, whilst those shaking hands, calling the Palace or sending letters are desperately trying to get a few political punches in. That is part of the game, yet the dangers due to the greedy need of the USA is about to become actually dangerous. Marine Le Pen could have sunk those dangers, although it would come with other issues, there is no denying that. Yet the economic health is going to be a first, in that Crédit Agricole, BNP Paribas and Natixis would guard against that happening to France (after they take care of themselves and their needs), yet will it be enough? The quote that President Macron is giving now is: “I do consider that my mandate, the day after, will be at the same time to reform in depth the European Union and our European project,” Macron had told reporters, adding that if he were to allow the EU to continue to function as it was would be a “betrayal”. It sounds nice, but over time and especially as we watch delay after delay will we see if he is actually made of stern stuff. Time will tell and there is no way that it would be regarded as fair to see any initial headway until at least 10 days post forming his government. Yet there is a side we must take heed from. It is seen in the quote “he spoke out against a “tailormade approach where the British have the best of two worlds” creating “an incentive for others to leave and kill the European idea, which is based on shared responsibilities”“, this sounds nice, but responsibility also implies accountability, a side that has been absent from the EU and the ECB with ongoing lack of transparency for the longest time, in that Brexit remains a valid step.

So why do I seem to be freaking out?

That is partially true. Not because of Marine Le Pen not making it, which might have solved a few things. It is the part I mentioned yesterday with the Financial Choice Act. As a cheat sheet (at http://media.mofo.com/files/uploads/Images/SummaryDoddFrankAct.pdf)

shows us: “The Dodd-Frank Act creates the Financial Stability Oversight Council (“Council”) to oversee financial institutions“, that part is now effectively gutted from the Dodd-Frank Act. The damage goes a lot further, yet as I see it, the people in the White House have just enabled the situation that what happened in 2004 and 2008 can now happen again. When that happens the Euro will take a massive hit too. With Brexit part of that damage can be averted and in layman non diplomatic terms, we can state that as JP Morgan is getting the hell out of Brexit, the damage they could potentially cause in the near future will be on the books for the places that they go to or remain in.

One of the dangers is seen in the key principles of the Financial Choice Act. With ‘2. Every American, regardless of their circumstances, must have the opportunity to achieve financial independence;‘ we can read it in a few ways, one of them being that this is the sales pitch where the Greater Fool can invest in something, using funds that person does not have whilst endangering whatever financial future they thought they might have had. It basically opens a door to get some of the suckers’ bled dry fast. In addition with ‘3. Consumers must be vigorously protected from fraud and deception as well as the loss of economic liberty;‘, I do not see protection, I see a setting where basic protection is in place, yet as we have seen with the issue in 2008, the amount of people who lost it all whilst prosecution failed to protect the people and convict the ‘transgressors’ nearly 100% is just too stunning, and it is a lot more dangerous now as the global population has nowhere near any level of reserve of protection compared to the last time around. In addition, when larger firms start playing this game, they will drag whomever they passively claimed to protect (like retirement plans, like mortgages they held) with them.

There is another side which takes a little longer to explain. Yesterday someone tweeted an image I remembered when I grew up. You see it is all linked to what I was part of in the 80’s. I saw the application of segregation, isolation and assassination in a less nice way. It drew me back to my childhood, when I was introduced to practices by the Nazi’s in WW2 during my primary school history lessons. To identify the Jewish people, they were told to wear the Yellow Star of David. When I saw the image my thoughts started to align, unlike the puzzlement of the population at large in 1941-1943 as the star was made mandatory in several nations, the people were uncertain to the matter, with the exception of the Dutch underground who would not trust any German for even a millimetre, they were able to hide 25% of the Jews, so in the end well over 100,000 Jews were deported. From those only a little over 5,000 survived. The Dutch underground was able to keep close to 30,000 hidden, with well over 2/3rd surviving the war. Most people, would not learn of the actual fate of the deported Jews until much later, many remained in disbelief for many years after the end of WW2 in 1945. You see, it is that phase that I feel we are in now, we seem to be in disbelief as laws are past to give a sector of industry more leeway, whilst they (according to some sources) made 157 billion in profit and that is in the US for 2016. So you want to open the tap for a system that is less regulated, non-trustworthy and have shown in 2008 to embrace all greed at the expense of anyone else? How is that a good idea?



So what evidence is there?

Well, there is Senator Warren (Democrat for Massachusetts) who called it an ‘insult to families’, in addition we see “so that lobbyists can do the bidding of Wall Street“, which is still a political statement. When we see the partial part (at http://financialservices.house.gov/uploadedfiles/financial_choice_act-_executive_summary.pdf), we see “Provide an “off-ramp” from the post-Dodd-Frank supervisory regime and Basel III capital and liquidity standards for banking organizations that choose to maintain high levels of capital. Any banking organization that makes a qualifying capital election but fails to maintain the specified non-risk weighted leverage ratio will lose its regulatory relief” It is the very first bullet point and leaves me with the situation that banks have no right to relief when they take a certain path, yet they still get to gamble. I especially like the part in section 4. “Make all financial regulatory agencies subject to the REINS Act, bi-partisan commissions, and place them on the appropriations process so that Congress can exercise proper oversight.” Yet, the REINS Act only passed the Senate, yet is not law at present, in this it is called on to do what? If the Financial Choice Act is set into law before the REINS Act, the US will have a gap the size of the flipping Grand Canyon, in addition, from the McIver Institute we see the opposition from the Democrats with “The REINS bill is similar to legislation moving through congress, but with lower thresholds“, yes, that has proven to be a good idea in the past! Still it is a view of Democrats versus Republicans and it is a Republican government (House, Senate & White House), so wherever are the clear academic dangers? We get that from Mike Rothman, president of the North American Securities Administrators Association and Minnesota commissioner of commerce with “It is clearly evident that the changes contemplated by the bill would significantly undermine and compromise the ability of regulators to effectively enforce financial laws and regulations“, whilst the I saw the term “this voluntary state-federal collaborative framework“, so the collaboration is voluntary, not mandatory. In the last decade, when have we seen a proper level of protection in a voluntary state of any matter?

The beginning of the dangers are shown by the Consumerist, which took a look at version 2.0 of what many regard to be a travesty. In this we see:

  • Require the Consumer Financial Protection Bureau to get congressional approval before taking enforcement action against financial institutions
  • Restrict the Bureau’s ability to write rules regulating financial companies
  • Revoke the agency’s authority to restrict arbitration
  • Revoke the CFPB’s authority to conduct education campaigns
  • Prevent the Bureau from making public the complaints it collects from consumers in its Consumer Complaint Database

The one I had a stronger issue with is the one that tosses responsible spending around. The issue ‘Remove requirements under the Durbin Amendment that guided how much credit card networks could charge retailers for processing debit card transactions‘, so basically by charging stronger on debit cards, people will see a need to pay cash or force the credit card risk on people who for several reasons prefer not to do so. In addition the restrictions to arbitration will give leeway to Financial Institutions to avoid all kinds of courts as the victims (called consumers and investors in this case) any right to hold the financial institutions to account. It is rigging even stronger an unbalanced system. Marc Jarsulic, Vice President for Economic Policy at the Center for American Progress called this ‘a system that removes protections against taxpayer-funded bailouts, erodes consumer protections, and undercuts necessary tools to hold Wall Street accountable‘, which was already an issue at present making it a lot worse. It seems that the junior workers of 2008 are now in a place where they would prefer to fill their pockets before their luck runs out. The last bit is purely speculative from my side and it might take until 2020 until I am proven correct, yet at present 2 years is a long time to await the dangers of a greed driven system to get a little greedier. It is in that that segregation from the Euro will become essential soon enough, especially as there is no one muzzling the ECB and its crazy need to spend funds that they do not have and will not have for years to come. As for the news we see appear at present on Bloomberg shows my correctness from another side. At https://www.bloomberg.com/politics/articles/2017-05-07/a-reverse-trump-tax-plan-delivers-an-economic-miracle-in-sweden, we see how a reverse of the Trump ideal works a miracle in Sweden. Now, it sounds a little too good to be true and it is. You see, I am not against the principle that Sweden has, yet in Scandinavian terms, the Swedes are uncanny social. I once joked that a woman can get married, after a year she gets the bun in the oven and gets paid maternity leave. If she starts making buns non-stop, she will never work another day (as long as she gets pregnant immediately after giving birth), 20 years and 22 kids later, she still has an income, a sound and secure retirement fund with only one year of work. It is almost true and I admit far far fetched. Yet the social side of Sweden allows for this. Because that one person will be the utter outlier in any statistical graph. The Swedish solution works in a social educated country like Sweden. In America which fosters self-centeredness and greed, this system would be abused at the drop of any hat and the system would collapse. You see, Bloomberg does not mention, that unlike America, companies in Sweden do not shun taxation (IKEA seemingly being the exemption to that rule), which is also a huge difference. In addition, Swedish Civil Law has a sizeable extensive system of Administrative Law which would also contribute. As we see commerce in Sweden increase, the Swedes will automatically feel the brunt of that in a positive way (as I personally see it). Yet it is not all good and summer there, as Magdalena Andersson faces a vote of no confidence if certain changes are not stopped, or even more adamant, be rolled back to some degree.

It is this combined view that France is now seen as ‘Vive La what?’ It is very much on how certain banks and the ECB are called back to stop endangering the future of too many people, Quantative Easing be damned. It is in that environment that the Financial Choice Act is an upcoming danger as Wall Street gets to be in charge of how money flows, in what direction, risky or not. As for what happens between now and 202, I truly hope that I am wrong on every count, because the 2008 global losses which have been estimated to set around $15 Trillion could easily be doubled this time around. More important, as global national reserves are none existent, the impact will hit the consumers and retirees in ways that they cannot even fathom, it makes the hardship in Greece look like a cakewalk as I see it. I will happily be wrong, yet the visibility we already see at present sets me more likely than not correct, which is really scary, not just for me.

Oh and if you doubt me in this (which will remain forever valid), why have we seen massive levels of misinformation from papers with ‘NO ONE wants to risk GREXIT’ Economist says Greece bailout will go ahead to SAVE Eurozone’ (source: The Express), whilst we know that you cannot be set out of the Euro or Eurozone involuntary, and ‘saving Eurozone’ is a little strong is it not? Or the Daily Mail that gives us that Brexit is a gift to the Greeks. This is not merely a point of view, certain sources are adamant to misdirect the focus of the people, if the Euro was such a gift from the gods, misdirection would not have been needed, would it?


Leave a comment

Filed under Finance, Law, Media, Politics