Tag Archives: the Financial Times

October 17, 2018 · 11:57

Fake tits or big lungs?

Yes, this is a reference to the oldest marketing ploy: ‘Sex sells!’ There is however a part that people do not consider, in news, fake news does exactly the same nowadays. So even as we are up in arms on the setting of fake news, and the players in the open are all about chastising fake news, we are forgetting the important parts in this. Even as News24 with the message “Search giant Google has been identified as a major enabler for the proliferation of disinformation, or “fake news”, websites“, we seem to forget that Google search did exactly what it was designed to do, to answer someone’s search query.

You see, part of the answer is given not there, but with the reference to https://www.poynter.org/news/study-fake-news-making-college-students-question-all-news. Here we see the part that starts going into the right direction: “half of the nearly 6,000 American college students surveyed said they lacked confidence in discerning real from fake news on social media. And 36 percent of them said the threat of misinformation made them trust all media less“. That is the partial setting from the beginning, the news outlets themselves are part of the fake news drive. Just as sex sells, fake news does too; it is the drive to clicks and gossip. The news themselves are becoming much larger sales points for fake news. I am not talking about the jokes in media (like PressTV). The outlets like CNN are now also part of the fake news cycles. In this game 2 million additional clicks reverts to coins and circulations and the news is seemingly becoming more and more dependent on it.

CNN is one of the more visible ones and it was seen yesterday with: ‘Saudis preparing to admit Jamal Khashoggi died during interrogation, sources say‘, the story (at https://edition.cnn.com/2018/10/15/middleeast/saudi-khashoggi-death-turkey/index.html), it has been 24 hours and nothing yet! So when we consider the part: “One of the sources acknowledged that the report is still being prepared and cautioned that things could change“, these 18 words allowed them to put a story in the media space with no accountability of any kind. Then there is the setting of “The body of missing journalist Jamal Khashoggi was cut into pieces after he was killed“, with merely a reference to ‘a Turkish official’ and no revelation who that was, the underlying fact that Turkey is an ally of Iran in a proxy war with Saudi Arabia is gleefully ignored by all these players, because the anonymous source puts them in the clear. They merely use an unconfirmed ‘under the pretence of anonymity’, knowingly and willingly the NY Times and CNN are used as tools and puppets into the pushing of agenda’s and circulation. So with ‘first made to the New York Times earlier in the investigation into Khashoggi’s fate‘, CNN uses the same material whilst there is no reliability of the materials handed. It’s good to be a circulation tool, is it not?

The Daily telegraph is also a newspaper that is happy to go for fake news. The entire 2014 matter regarding “Flight MH370 ‘suicide mission’” should be all the evidence you need, and the less stated on that whatever he is now (Martin Ivens) and the Qatar 2022 setting of the Sunday Times and the claim they had and all those millions of documents proving corruption they seemingly had seen, yet never published any of them, did they? Most readers merely accepted the setting and took it all in as gospel. The newspapers have become the much larger spreaders of fake news and we are auto filtering them out, for the most these newspapers have lost the reliability they needed to have and in light of the entire Lord Justice Leveson inquiry on the practices and ethics of the British press it seems to have gotten worse, not better and the direct solution that these so called newspapers are no longer allowed to have their 0% vat and revert them to 20% VAT would solve a lot of spreading of fake news, yet there we see that there will be no ‘fairness’ so as kicking Google Search is the cheapest solution in all this, we need to consider in opposition that not only is the current generation ‘trusting all media less‘, there is the option that the next generation will be ‘not trusting all media at all‘, the inactions from us all is driving towards that future and the consequences will be on us. The VAT trigger could force them to become clearly critical on what they allow to be published, diminished funds tends to do that. So even as we might notice a story that the a lady has ‘nice tits‘, whilst we are handed the notion that she has “according to sources close to the lady on condition of anonymity was diagnosed with Chronic obstructive pulmonary disease“, to hit us with a ‘feeling sorry for her‘, whilst at the core of the setting she merely had ‘two silicone implants‘ by choice. When the media intentionally shows a situation like that into the circulation game, how much consideration should we give the media at all?

Oh and the claim of those audio (as well as video) proof that the Turks have proving he was murdered in the consulate. Where are they now? And as the Daily Mail (and others) gives us ‘Horrific audio allegedly reveals Jamal Khashoggi ‘was butchered while still alive’‘ merely an hour ago, of course this comes with “An anonymous source claims to have heard an audio recording of Jamal Khashoggi being executed“, we need to recognise that the media themselves are now the larger propagators of fake news and we need to do something about that, but that is not going to happen is it. So in light of the earlier involvement by the New York Times and their connection now (at https://www.nytimes.com/2018/10/15/opinion/facebook-fake-news-philosophy.html) to fixing ‘fake news’ as written by Regina Rini where we see: “Technology spawned the problem of fake news, and it’s tempting to think that technology can solve it, that we only need to find the right algorithm and code the problem away. But this approach ignores valuable lessons from epistemology, the branch of philosophy concerned with how we acquire knowledge“, she is absolutely correct there and the New York Times starting to up the game of quality and taking a closer look at ‘how we acquire knowledge‘ might be a good first step. The entire Jamal Khashoggi issue, is an actual issue, yet some players are using this to set a political stage in support of a proxy war and circulation pressures that is going on and that part is completely ignored on several levels and the NY Times is not alone there, but they are with the Times, the Washington Post, the Financial Times, the BBC and the Guardian one of the more revered ones and they need all need to up their game that is the only direct path into solving the issue (oh and no longer making certain guilty publications tax exempt is a decent second choice), I am of course 😉 totally ignoring that this would additionally help the local tax coffers, would it not? When we realise that the Telegraph Media Group ended up with ‎£319 million in 2015, the HMRC would love to get an additional £60 million for their coffers have, as they currently have less than the church mouse treasury coffers at present, so that is an idea to contemplate, is it not?

Now it is only fair I end the story with the BBC, is it not? They gave us 5 hours ago: ‘Jamal Khashoggi: Turkey widens search for clues to disappearance‘ (at https://www.bbc.com/news/world-europe-45879941), and as we are treated to “The decision to widen the search was announced to reporters by Foreign Minister Mevlut Cavusoglu, who added that he had received no “confession” from the Saudis“, which is interesting, because did we not see (from several sources) that there were audio files of him being tortured to death? Why not play those to set the political stage? Interesting that we see the effort and not the revelations from any of these anonymous sources, is it not? We also see that the BBC mentions: “unnamed official appears to have told the Associated Press that police found “certain evidence” showing Mr Khashoggi was killed there. No further details were given“. It is merely a cold mention and I get that, it is not the focus of the news, merely a by-line, there were two more, yet clearly stating what others reported, cold and almost academic. We can accept the mention, not the way some others used that mention, it was all in the text that others exploited unconfirmed news, not merely stating it.

So when we are considering the news, we now need to acknowledge that fake news is used on a much wider scale and until we do something about that wider scale, we end up not having a clue on how to stop it in the first place. The fact that the British papers did not up the quality of their game after the Leveson inquiry is further evidence still that the fake news cycles are here to stay for now.

 

Leave a comment

Filed under Finance, Media, Military, Politics

Tagged as , , , , , , , , , , , , , , , , , , , , , , , ,

March 6, 2018 · 15:13

The Global Economic Switch

There is a shift going on, now this shift is still in the planning stages, but the switch is very real and as we see the crumbling switch from enabler and entrepreneur, the US is moving towards becoming a mere consumer and dependent user. That is a switch some might have seen coming, others have not seen it at all and some are still in denial, claiming it is a short term inconvenient stage. I have no idea which is true, but the events that are a given are showing to be more than a mere short term event and the diplomatic impact will equally show to be a long term impact on what the US had and what it will become. Now there are indicators, but the image is not seen in a single view, so let’s paint this picture for you whilst adding the sources.

Saudi Arabia

The Saudi Arabian announced investment (at https://www.cnbc.com/2018/03/05/saudi-arabia-and-egypt-agree-to-a-10-billion-deal-to-build-a-new-mega-city.html), is actually a lot more than the $10 billion forecasted, because the value as I showed in over the last year is more than becoming a reality, it is now in a planned stage, and planned much larger than I foresaw it going. It starts with “Saudi Arabia and Egypt have agreed to create a $10 billion joint fund to develop a mega-city in Egypt’s southern Sinai Peninsula, with both countries committing more than 1,000 square kilometres (386 square miles) of land to the new project“, you see, depending on the distance from Sharm-El-Sheikh the infrastructure will grow much faster and even as they will rely on what Sharm-El-Sheikh has, the growth of this new Mega-city could be the start of the tech-hub that benefits both Egypt and Saudi Arabia. As the technology hubs grow, so will the economy. It is also the first part to start getting combined 4G/5G preparation in place, because as this technology becomes available Saudi Arabia now has a first advantage in both upgrading its services and that gives optional access to 23-32 million out of a 95 million population. With the tech hubs, both the Sinai one as the half a trillion dollar NEOM, there will be a massive growth in dependency and requirements for technology. There is in addition, the Barcelona World Mobile Congress where on February 26th Huawei announced its full range of end-to-end (E2E) 3GPP-compliant 5G product solutions, now the other players will be following, yet Huawei has an advantage for now. With “The featured products are also the only available options within the industry to provide 5G E2E capabilities” we see that Huawei has chosen a path that allows them to grow and they will not be alone, but for now they are ahead of the crowds, so even as we see now “Huawei partnered with Zain Saudi Arabia, signing a Memorandum of Understanding promising to develop a new network strategy in the Kingdom. The aim of the MoU is to accelerate the realization of 5G networks and assist Zain in building the most advanced end-to-end networks in the region. The two companies will work together to accelerate the deployment of 4.5 to 5G networks, make further advances towards full cloudification, and produce additional strategy and planning in the field of ICT Synergy Cloud” (at https://www.arabtimesonline.com/news/huawei-outlines-vision-5g-future-co-unveils-latest-innovative-products-solutions-mwc/) merely a day ago. I gave that indication almost two weeks earlier, so how is that for a prediction. So even as the US is setting the bar at “Chicago, Los Angeles, Dallas, Atlanta, Washington, DC and Houston” to be the first with 5G at the end of the year, what happens when you need to reach out to Wall Street and Manhattan? Will that be merely 4G, or will you suddenly experience other issues (between providers, reception issues and so on; oh, and as you go from protocol to protocol switching per cell tower on the move, watch that battery power drain as the battery percentage goes down like a timer in seconds 75, 74, 73, 72, 71 and so on. Please do not take my word on this, it is much better when your own eyes see the battery counter go down, it adds to the dramatic effect when you hear me howl with laughter (stating: ‘I told you so’). So even as the article ended with “Ken Hu, Huawei Rotating CEO, said: “The intelligent world is drawing near, filled with potential and possibilities. Ground-breaking technologies like 5G and IoT promise to solve complex business challenges and improve the lives of the population. Yet challenges remain on our path before these dreams are realized. MWC 2018 was an excellent opportunity for us to meet with other leading companies and discuss how together we can overcome these obstacles, achieve sustainable business growth, and Build a Better Connected World.”“, I will admit that I have an issue with that part, you see with ‘IoT promise to solve complex business challenges‘, we see the implied solution, but the IoT (Internet of Things) is merely the applied hype word in a solution that has not been designed yet. It is true that the application of IoT is a solution in itself towards a whole shoal of options and challenges, but as we consider that the 4G smartphone brings solutions, it requires the apps to be there and solve actual settings and that takes time, like all other needs. In that regard I see the IoT as the old sales technique of selling a concept before the product exists and I always thought that to be a broken non resolving approach to the greedy salespeople coming with a ‘pay it forward’ solution that is paid for before the product has been completed. It is a dodgy need, because in the end the (business) consumer needs and actual product to work with. Yet that might just be me imagining things.

United States of America

The view here starts with the Financial Times, who brought us ‘Currency markets send a warning on the US economy‘ (at https://www.ft.com/content/de57a6a2-1e32-11e8-a748-5da7d696ccab). So even as this is about the financial markets, there are a few points to take away from that. First there is “The pattern of higher interest rates and a weakening currency suggests that on multiple dimensions US assets now have to be put on sale to convince foreigners to hold them or induce Americans not to diversify into overseas assets. This pattern is relatively uncommon in the US though it happened in the Carter administration before Paul Volcker’s appointment as chair of the Federal Reserve and in the Clinton administration before Treasury secretary Robert Rubin’s invocation of the “strong dollar” policy. It is fairly ubiquitous in emerging markets where it reflects anxiety over a country’s policy framework“. The dangerous part here is ‘convince foreigners to hold them or induce Americans not to diversify into overseas assets’; you see it is a move of limitation, either the non-American buyer holds onto the for a much longer time, which needs convincing (usually with higher yields), as well as stopping Americans to go overseas into other markets, so it is not actually an ‘or’ situation, it is actually an ‘and’ setting where the inclusion needs to be both to remove doubt and volatility. The article ends with “The confidence of global markets is much easier to maintain than to regain. Currency markets are sending a signal that the US is not on a healthy path. Its time for the US to strengthen the strong fundamentals on which a strong dollar and healthy economy depends“, you see that view is set not merely in the war of tariffs, it is set where the global markets have been seeing a decline in US activity and more important acts that show that the US economy is feeble and the US infrastructure is not in strength, it is merely getting by and that is a dangerous place to be in. Even as I predicted that the inactions and the inability to act against Russia will be felt when Russia calls the bluff of America, it is now showing that the US on a larger scale is showing to be set towards a series of hurdles that will stagnate its economy and over the long haul (within two years) will show the danger of another recession, so when that happens and projects get halted, how will Sprint and other players pay for 5G? Entrepreneurial innovation tends to demand buckets of cash, cash that is not available, certainly not readily. Protectionism is merely the first hurdle and one of at least three in the setting of the tariff war. The Financial times gave the people the biggest fear and doubt on February 21st with “US ‘too big to fail’ regime set for Trump overhaul“, that ‘too big to fail‘ has been used before and a whole bunch of billionaire grapes got bitten rather badly in Europe. It is not merely the Chapter 14 implementation with the by-line ‘to shield the tax payers’, it is the text “Both Wall Street and overseas regulators have warned the administration over the dangers of dismantling the system but the Treasury said it wanted to narrow its use so it could serve only as a last resort“, the fact that ‘narrow’ and ‘Wall Street’ imply that the Chapter 14 will lack the teeth it needs and as such it is another parachute for the 1% bankers, banks and those making upwards of $253 million a year. So how much will this marker cost the tax payers in the end? Even as there is an abundance of recession fear articles and announcements by the media at large, that part even as it is likely to happen, it is not certain to happen and that fear needs to be removed (by other means than the Chapter 14 messages). You see, the problem is that the 1% has enough wealth to survive the next two recessions, whilst the quality of life of the other 99% has not been pushing forward towards the level it needed to be. So they will get hurt really bad if another recession happens within the next 16 months, which is close to all speculated views by the media at large. Whilst that is not much of an indication, the events in Saudi Arabia is only one element, the other elements is the one we will see next

Other players

There is more than one player in all this. The first is seen by CNBC (at https://www.cnbc.com/2018/03/05/saudi-russia-oil-deal-leads-to-bigger-russia-role-in-middle-east.html), where we are treated to “The partnership with OPEC, led by Saudi Arabia, allows Russia to strengthen its hand in the Middle East at the same time the U.S. role has been diminished“, the diminishing of the US as stated by other sources closes doors to the US on several shores, a dangerous change that comes at one of the least fortunate times. The quote “it is now the foundation for a broader relationship that has the potential to reduce already waning U.S. influence in the Middle East” is foremost set to the chilling friendships with Syria and Iran, it is not merely there. Turkey has been out of control for the longest of times and now that Turkey is smelling blood, it is trying to get much more out of the US, making them a very expensive ‘friend’, more so, the question becomes was Turkey ever a friend? In that whatever bites there could hinder the US with its access to the Middle East at large. Should Incirlik and Izmir become an issue, the economic print of the US would drastically change, because that would require the US to find a way to grow the option to get a base in Saudi Arabia and optionally in Israel. Whilst neither is a given, the costs of that will be staggering and the economic footprint of the US will equally become an issue down the road. Even if there would be an option to get one in Western India (who would like that economic windfall in their region), it would be a drastic fund pressuring move for the US.
Another option would be in Egypt and if that becomes an option it would in the longer term benefit both Egypt and Saudi Arabia, whilst Egypt gets to grow its stability in the Sinai, the US would become a much larger target in Egypt, wherever its base would be placed. So that too would come at a cost for the US in a time it needs to turn over every dollar it spends. Another is Jordan, but there is no way to tell the impact, the costs and the options in that regard as I have no clear information or sources to give at this time. You see, the memorandum of understanding was signed with Jordan with Rex Tillerson a mere 3 weeks ago, so adding a conversation of adding a US base there might not be the one that would work (pure speculation from my side). In addition, the EU News (and others) who gave us “Commissioner for Trade Cecilia Malmström added: “These US measures will have a negative impact on transatlantic relations and on global markets. In addition, they will raise costs and reduce choice for US consumers of steel and aluminium, including industries that import these commodities”” gives rise that there is a cooling of ‘friendliness’ between the EU nations and the US to some degree, so there is that impact as well. I am not talking about the tariff, I am talking to the diplomatic language where Dutch Prime Minister Mark Rutte gave us “Relations with the United States can no longer be taken for granted“, which is not a good thing as the Dutch port of Rotterdam is the gateway to Germany and its industrial heart, in addition the US pressures on France regarding the Iran nuclear deal could impact the two, but that is not a given, even better, it is unlikely to be an issue, which is a plus point, for the US for now as the Italian elections are over and the anti-EU parties made a massive gain (from 4% to 18%, whilst they surpassed the Berlusconi party) is still an issue in play. I agree with the Guardian that stated that the EU-issue is not in play, but as we see (at https://www.theguardian.com/commentisfree/2018/mar/03/italian-elections-european-union-populism), the need for Berlusconi was the man to save them from populism has now become a non-reality, the impact will grow and in that matter the US would need to play nice, very nice with Italy. You see there was always going to be an issue with Matteo Salvini, yet the fact that they became the largest party with 37% was unforeseen. There is no issue with iExit as the Italian version of Brexit is called, but its anti-immigration policies will give headaches for many EU nations and as the impact of US-EU nations is cooling, becoming an enabler for Italy might be the wiser of solution for the US. The BBC (at http://www.bbc.com/news/world-europe-43294041) gives much more, but the power is at the end with “Voter frustration here in Italy but evident and ongoing in Germany too surely shows it’s time for Brussels to sit up and really pay attention“, the shown fact that Brussels have not been doing that is the anchor around the neck for the EU and that will impact the US numbers as well. Even as Germany was the biggest friend of the US in the EU, the tariff and, the EU army and the need by America for Germany to play a larger role in the EU borders (taking some pressures from the US) are all elements that put more and more pressures on the US, even as some of the needs by the US are very valid, we need to realise that Newsweek gave us “Germany’s top diplomat has told foreign policy experts that his country’s relationship with the U.S. has suffered irreparable damage under the administration of President Donald Trump“, even as the damage began in the previous administration (to a small extent), the chosen path by the Trump administration has been adding negativity to it all. Syria must be seen as the largest of catalysts in that regard, it is merely my sense of humour that the Germans see the forced ‘friendship‘ with the French as a larger issue than the actual absence of the US in all that, but that is just my take on humour.

All these elements are part of the economic switch in all this, in support of this, there are sources that show that Saudi Arabia wants to grow its arms industry and as SAMI (Saudi Arabian Military Industries) is sitting down with the Russian who are eager to accommodate, I need to wonder why the hell Raytheon and Northrop Grumman were asleep at the wheel, or decided to remain vacant from that setting. So even as Remington (American outdoor Brands) has a product of sheer excellence, they are now not at the middle Eastern table, but in a novel mentioned in Chapter 11 and seeking a quick sale, perhaps someone can tell me how much could have been gained at the Riyadh SAMI conference table? So even as we read (at http://www.business-standard.com/article/international/saudi-arabia-wants-to-make-their-own-weapons-russia-eager-to-help-118030300622_1.html) that “likely to alarm American policy makers, who worry about losing ground to Russia and China in the Middle East“, where we see that this is understated to the largest degree. With “They’re already planning to buy the Russian S-400 air-defense system, under a deal that would let them manufacture related products at home” as well as “Half of Saudi procurement is supposed to be done locally by 2030, from about 2 per cent today” we see the extent of the market lost for both Raytheon and Northrop Grumman as two of the largest players in that field. Someone (more than one player) was asleep at the helm and by playing the card of exclusivity the ended up playing the card of exclusion, which takes them out of the game as such and that is the issue in this, because as far as I see it we have not seen such a large shift of plays optionally towards Russia and away from the US since before WW2, perhaps it might be more correct that this has never happened to this degree in history, that too is a factor that must be considered; so, suddenly the extended play changes. I mentioned part of this on Feb 24th (at https://lawlordtobe.com/2018/02/24/losing-values-towards-insanity/) in ‘Losing values towards insanity‘, yet I only had some unconfirmed parts and no idea why I had some parts, I had these parts a week ago, yet all these parts came to me over the last 24 hours with 1-2 exceptions, now we see a shifted picture. When we consider LLC Megaline (as well as Concord Management and Consulting) where Yevgeniy Prigozhin and Dmitry Utkin allegedly have been preparing to grow an ICT/Mobile infrastructure in Syria, that whilst construction fortunes would be coming their way too, the entire growth with Saudi Arabia as an optional side allows those two to split a few billions between the two of them, whilst at the same time growing the other fields they have access to and get a seat at the Saudi Arabian table at the same time. A side I never saw as I did not have the information I have read over the last 24 hours. To get any additional part in that play could set me up for life within 3 years, to get a 400% better lifestyle in 36 months than the 36 years of hard work allowed me to get is what would get any person to change their pupils to dollar signs and that is merely in their need for ICT, Data farms, Mobile facilitation, Data systems, forecasting, reporting and logistical infrastructures. In all this we see the clear evidence as given by several players that is now on route in a place where the US has a setting that is diminishing, so as those currencies go elsewhere, do you think it will not impact the US economy. That is apart from the greedy pharmaceuticals that are now pushing on India for the longest time. It is an additional place where non-US players will have options to gain market share. All that because certain players in the patent field were enablers towards the few greedy US pharmaceuticals as they increasingly ‘demanded‘ more and more outside of the patent scope that was once given (the attempted Trans Pacific Partnership was clear evidence of that), now we see hat impact and the US is at the axis of an economic switch where someone else will soon decide whether that switch will be switched on or off, no longer as the setting where the US sets the status, which is something the US has not faced before ever as far as I can tell, even the 2004 and 2008 events did not remove that option from them, but that is now a reality from sources like Bloomberg, Reuters, the Financial Times, CNBC, BBC and other players are setting the view that we are getting now. Even as none as saying it outright, the news as given provides a speculated picture where that may become a reality. I do believe that it could be prevented to some extent, but at the current course of the US ‘Kingmakers’ and ‘Wall Street regents’, that reality is slowly being removed from the US table of decision makers and once that reality hits, when they have to report that the Switch is set to ‘OFF‘, the impact will hit pretty much every market where the US is policy maker.

A world where the US player involved goes from being exclusive to excluded!

I wonder how the media will then cover it and who will they blame, because they will always be about laying the blame.

 

3 Comments

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

Tagged as , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

October 27, 2017 · 18:15

Behind the political screen

We have seen events in the last few years that make me wonder if there is sanity in choice. Don’t get me wrong. I have nothing against Catalonia, against their desire to become independent. It might make local sense, yet where is the wisdom? You see, the same was in play for Scotland, and now we are starting to see more ‘fire’ from Lombardy. A lot of these moves do not make sense. We might argue that an independent Scotland makes the most sense, yet in all this the direct issue is that they cannot afford it. If the oil was different, perhaps, yet even then there are larger questions not considered. The first being ‘How will we keep a budget?‘, this is the first issue and it sank any chance for Scotland. Even with the oil sales, they were already well over 10% short and as oil revenue dwindles down, the Scottish options melted like snowflakes in a Pizza oven. So until the Scottish political delegations attracts a larger more settled form of investors and long term players there is no independent Scotland, there never will be one as it currently sits and I agree that this is a sad thing for the Scots. Now as we consider Scotland and consider that both Catalonia and Lombardy will be in a place that is a lot worse than Scotland would be, the question now becomes, who is pushing behind the screen. You see these levels of ‘local pride’ is getting pushed, and it is always pushed by people with a greed driven agenda and that is a much larger problem than anyone is willing to admit to.

You see, as I personally see it, a few players didn’t get their way through Spain and the UK and are now vying for another path that opens up opportunity and credit cards. Yet behind all this, once they have what they got, they move away, out of sight, out of mind and leave where ever they have been a massive financial mess that is suddenly not theirs to solve, which they then ‘sell’ on to other players. And after that, who pays the bills? Will the ECB come with funds? Will they make the nations sign new debt agreements and exchange bills for large corporations? Perhaps we will suddenly see a wave of news with all the great things the EBRD (European Bank for Reconstruction and Development) and the European Investment Bank (EIB) can do for all the players involved. It opens up the doors they need and makes the government vassals towards the goals they have in play. One large Europe where no one gets to have a say, except for the large financier and multinational that swim in the pool that supports and supplies their needs. The fear after Brexit is growing almost exponentially within their halls of power. With ‘Since our establishment in 1991 we’ve invested over €115 billion in more than 4,500 projects‘ we all seem to think the best of the EBRD (which might not be wrong), so where do they get their profit from? Because a bank, EVERY BANK, requires return on investment to continue! With “The European Bank for Reconstruction and Development (EBRD) is owned by 67 shareholders, 65 countries and two international organisations” that question becomes more and more important. You see, the fact that there are nations providing funds is fine. Yet when we see Canada subscribing with $1 billion a year, are they throwing money out the door, or window for that matter? In addition, what are the Governor and alternate, or more precisely The Hon Bill Morneau and Mr Ian Shugart getting out of this? Now, let me be clear. I am not stating that the EBRD is doing anything wrong, illegal or immoral! I am asking questions on where these independent seeking groups are getting their economic wisdom (or lack thereof from) the fact that these organisations ALL have boards of directors, getting an income I reckon, is food for thought, because all that money is set, stored or reserved to some extent and their local citizens should be allowed to know where that money is going to. In addition, when these groups are being invested in, the fact that they have no real viable plan to be economic independent is also a matter of concern, so whoever is setting up the funds in all this should be placed in the spotlight. The questions I ask regarding the EBRD, should give food for thought. Even as many might not remember 1993, the Independent (at http://www.independent.co.uk/news/business/attali-runs-out-of-credit-the-ebrd-president-was-finally-forced-to-yield-to-calls-for-his-head-1494218.html) gave us: “Jacques Attali, the beleaguered president of the Bank for European Reconstruction and Development, picked up the telephone in his office in Broadgate and rang a number in Sweden. He spoke for several minutes to Anne Wibble, the Swedish finance minister and chairman of the bank’s governors, who was away from her office on Sweden’s summer solstice holiday. By the time he put down the phone, he had resigned from his post.” It sounds so summery and tranquil, yet the story is not so sweet. With “The Financial Times reported that Attali had been reimbursed twice for the same first-class air fare to Tokyo and had collected dollars 30,000 (pounds 20,000) for a speech there, even though bank staff were not supposed to be paid by anyone but the EBRD“, we see merely another section of the gravy train. First class lights, twice in his case apparently, or is that for what we used to call a ‘travel secretary‘? In addition he seemingly gets more for one day than most are hoping to ever get for an entire quarter. As for the ‘not supposed to be paid by anyone but the EBRD‘, how much was he on? As the list goes on with most notably the refurbishment of 55.5 million, I think I have illuminated enough for more questions to be asked. The article has more and more vicious material, so do read it. This now gets us to the three optional nations to be, because they will need funds and loans and other things. So whilst it is not out of the question that they would knock on all those doors, the slam back from the EBRD part is: “The EBRD’s expenditure on itself was twice as much as the bank’s actual lending in 1991 and 1992, its first two years of operation“, so running the gravy train, or is that ‘hiring executive jets‘ to fly back an forth to these three nations to be, will we see more disgraceful spending? Reuters gives us more from last June with ‘Ex-EBRD banker jailed for six years for bribery by UK court‘ (at https://www.reuters.com/article/us-ebrd-corruption-prison/ex-ebrd-banker-jailed-for-six-years-for-bribery-by-uk-court-idUSKBN19B37Y), with the quote “Andrey Ryjenko, 44, who has joint UK and Russian citizenship, had been found guilty of conspiring to make or accept corrupt payments between July 2008 and November 2009 while he worked at the London-based development bank“, so there are issues and I am decently convinced that in all this Andrey Ryjenko was not the only player, as it went on for well over a year, he was merely the less intelligent one as he was the only one who seemingly got caught. So as we see how Europe is not bursting at the seams for new players to create what we might see as a ‘virtual’ or ‘fictive’ growth of the economic terrain, we will see more economic players, opening new commissions, new ‘opportunities’ whilst in fact, it is merely to set up another part of the gravy train with three new optional stops. This is what is going on behind the political screen and it is happening right in front of our very eyes. So, now as the EIB s loaning Spain 600 million euro for a Basque high speed railway, we need to ask how this will be earning itself back. It might seem nice on the verge of creating jobs for a little while. The idea that something will bring 24 million in revenue a year merely to pay for the interest is just short of insane. It is a 180Km track, so the idea that people would pay 400% to gain 30-45 minutes is close to insane. Having a normal upgraded rail that would be at 30% of the cost giving us a 140-165Km per hour train versus a train that needs to slow down by the time it is a maximum speed is beyond belief (OK, that was a small exaggeration). I get that it might seem really cool for Spain to have their three Basque capitals (Vitoria, Bilbao and San Sebastian) connected, yet the way money is thrown away is just too weird for reality (at http://www.globalconstructionreview.com/news/eu-loans-spain-600m-basque-high-speed-railway/). The 600 million is merely the loan whilst the plan requires at least 400 million more and I feel certain that by 2019 the people get to learn that the calculations were off by no less than 17%. It is the final part that astounded me the most. With “More than 7 million people are expected to use these new high-speed lines in their first year of operation, said the EIB“, Yet when we look at Statista (at https://www.statista.com/statistics/457527/passenger-traffic-in-the-high-speed-train-between-madrid-and-barcelona/) we see that the biggest transport vein (Madrid-Barcelona) was getting between 2.5 million (2010) and 3.4 million (2014), so how that goes up to an astounding 300% for High Speed trains is quite beyond me, because let’s face it, not only is it the size of the place, where we see 3 million for Madrid versus 340,000 for Bilbao, we see Barcelona with 1.6 million versus San Sebastian with 186,000 and there is Vitoria with 244,000. So the population numbers do not add up, the stats compared to other high speed trains do not add up and the required economic importance of the locations do not add up, but someone sold the story that made Spain to be facilitated for a loan that is already surpassing 1.4 billion. That is the game behind the screen and in all this, there are a lot of questions and no one is asking them. The people are merely sitting down, casually seeing train carts full of loans pass by, loans that they in the end have to pay for. And I am willing to bet anyone a nice old beer that the people selling the story that sold got a nice pay check in the end too.

As I personally see it, greed will always be the main player behind nearly every political screen and the three optional nations to be, would potentially get into hot waters on year one of their existence. So how does that solve anything? It is not impossible that these steps are not the beginnings of independent places, it is merely the start of the sovereign right of a financial institution to have the terms of conditions of their needs be made into law by contractual agreement of whatever geographical indicator that they have acquired ownership of through hostile takeovers without an army and no elections required.

And all this comes at a slightly larger price than most would expect (even beyond my descriptions given), as Spain is lowering its forecast, we see the dangers that the deficit will grow way beyond the proportions expected a quarter ago, so that will dampen further positive news. In all this, whilst unemployment is still way over the top, the EU will have a dampened outlook on a few levels, as Spain is now becoming the more outspoken negative element in all this. In this too many players have been looking towards the short term gains that were seemingly in place, yet in the end, so far they still need to prove to be a positive return on investment, something the new High Speed Train is unlikely to ever become. In that setting we see player’s vying for some level of independent growth, whilst they have futuristically been set on a debt level that will merely strangle them. How is that independence or an act to create forward momentum?

We see the elements, yet the media at large steers clear of several parts in all this. At times we hear some overpaid high official in that government state: “It is a really complex matter to address, so we have sought the expertise of the leading members in that field”, we only need to look at ABC (at http://www.abc.net.au/news/rural/2017-01-27/milk-company-problems-as-dairy-industry-sours/8184544) to see the events that involve the Tasmanian-based Linear Capital, we see in addition “Queensland coal miner Bill McDonald told the ABC he planned to build a 40,000-strong dairy herd and was on the hunt for 250 million litres of milk to complement his own production”, it is followed by “Within 18 months, the company announced that Mr McDonald had sold all his shares in the company and he instead planned to invest his money back in the coal industry. His departure came after the company announced its $500 million plan to produce and process its own milk had been put on hold”. So as I see it there is a structural failure, because in all this, where are the contracts? Was there any investigation? What were the findings? All this in an established nation like Australia, so when Scotland, Catalonia and Lombardy get their own version of these ‘investors’, how will it end for them? Perhaps a nice high aimed loan from places like the EIB, the EBRD, or perhaps even both? Yet when the plan starts failing and people start jumping the shark, what then? What will the damage be and how is it that these matters are not set in stronger bonds holding these investors long term accountable for the consequences of their actions.

The real question remains if such events could be prevented; you see the issue was partially addressed by me in August 2013, with ‘Political ego and their costs’ (at https://lawlordtobe.com/2013/08/16/political-ego-and-their-costs/) we see the issue raised and not before 2015. In 2 articles the first (at http://www.dutchnews.nl/news/archives/2015/05/the-fyra-high-speed-train-debacle-cost-the-dutch-state-e11bn/) shows that the Dutch state losses were stated to be just over €10.8bn so far, the NOS stated that week. Also we see stated: “travellers did not get what they were promised, MP Madeleine van Toorenburg, who is heading the inquiry, told a news conference”. In the second article (at http://www.dutchnews.nl/news/archives/2015/10/the-fyra-high-speed-train-debacle-what-the-dutch-papers-say/), So when we see ‘a job half-done which has cost every household in the Netherlands €1,500’, as well as ‘The crux of the matter is the un-transparent and unclear relationship between what was a public sector company and the government’, so the people get to read parts that I had already seen coming two years earlier. Of course the largest delay was the commission, and those dragging their heels to make sure that some names were either delayed in mentioning, or merely blocked from being mentioned at all. The Netherlands and Australia have protection from multi billion Euro stupidities, the new regions will not have that benefit and as such someone gets to pay the price. In all this, the less said on the NHS blunders the better, yet it clearly shows that the entire situation cannot be maintained and still some people end up with a large bag of coins, they move on whilst the households get to pay for their overvalued income.

It is a game that I have seen starting, misreported, placed on notice of communication and written off the red ledgers as bad debt for decades, larger more draconian changes are need to hold ‘PowerPoint users’, who in the end quickly move to another challenge with bags of coins, these people need to sign waivers and be held accountable for damages and losses, yet at that point the politicians will back down, their symbiotic connection being vital to their own futures, no matter how massive a project fails.

The fact that this has been going on for too long and still is happening all over Europe is why I fear that in the end nothing gets solved, nothing is clearly improved and every cent of the overinflated budgets is still spend, often with well over 10% spent beyond of what was available. Feel free to consider your losses as you pay for a project that never worked, was never implemented and is sitting on a shelf; you merely have to release your savings, is that not fair?

So welcome to the show of what you cannot see as it happens behind the stage of the politician and it is demanding all the camera time it can get, leaving you in the dark.

 

Leave a comment

Filed under Finance, Media, Politics

Tagged as , , , , , , , , , , , , , , , , , , , , , , , ,

February 13, 2016 · 14:51

Looking for an Exit sign

You are on board the EEC. There are four emergency exits, Brexit on the left, Frexit on the right, each marked with a red EXIT sign overhead. All doors except the overwing doors at 3 left and 3 right are equipped with emergency funds. These funds will keep you debt dependant for decades. Yes, it sounds like the speech a flight attendant might give you as you travel from the gates of the fake economic upbeat information towards the airport of Conturbare Gentem.

There is the impulse to state ‘the real issue is’, but that is not the case here. As we see ‘Brexit ‘will be the first step of the definitive decline of the EU,’ says former Prime Minister of Italy’ (at http://www.independent.co.uk/news/world/europe/brexit-will-be-the-first-step-of-the-definitive-decline-of-the-eu-says-former-prime-minister-of-a6861326.html). You see, I have been trying to warn my readers for well over 2 years on this danger. In a few cases it was laughed off loudly, but those ‘economic wannabe’ agents are not laughing now. When I was feeling a little evil. I asked them (as they honed me in public), to explain last week’s events, how it will lead to new prosperity. They basically told me to ‘f*ck off’. They are no longer laughing. I proclaimed these events, whilst also clearly stating that I am not an economist (a fact I did not deny). This situation was for the most a simple exercise of math, basic high school math actually, interesting how an economist missed that part.

The subtitle here is also interesting ‘Enrico Letta warns London ‘would lose a lot of influence’ on world stage‘, actually, it will not. As the UK turns their economy into a stronger engine, as we see this impact, we see that both Germany and the UK will get ahead faster and faster. Italy because of their election timing could end up with the worst deal (which sucks for Italians). You see, all that rattling we hear is empty and hollow. The financial markets might threaten to leave, but they will not, should they do so, than they end up in an even worse situation. Yes, they have options, but when the system crashes, their only option for now is Germany. If they select Paris, their issues will fossilise into a brittle solution, one that impacts their markets for decades.

In Germany they will be too isolated. In all honesty, their only decent alternative is Amsterdam, yet that comes with other perils. The Dutch DNB has stronger rules in place, so in that regard Paris seems a better choice, but overall that move isolates them from a few places down the road. London will remain the better option. And it is not even close to any decision. When we see the AFP article (at https://au.news.yahoo.com/world/a/30812452/cameron-confident-of-reaching-eu-deal-to-avoid-brexit/), we also see second rate top people go all out with quotes like “pragmatism and courage… and their ability to compromise” or “my wish is that the United Kingdom is and remains an active member of a successful European Union“, which are unique examples of misdirected communication. The “a deal could be reached allowing Britain to remain in the European Union and avoid a so-called Brexit” sounds so nice, but in the end, there is still a referendum and because too many European players were sitting on their thumbs creating ‘ease and inaction’, maximising their gravy train. The people have caught on and they are not playing nice anymore. Just 9 days ago in my article ‘Intimidating the Euro‘ (at https://lawlordtobe.com/2016/02/04/intimidating-the-euro/), I mentioned the BBC article (at http://www.bbc.com/news/business-35122710), which was claiming that “Now the experts are predicting once again that the economy will return to growth in 2016, unless something else gets in the way“, so how ‘lame’ are these experts? Only a weak later we see in the Guardian (at http://www.theguardian.com/business/2016/feb/12/eurozone-recovery-falters-greece-recession), giving us “Greece fell back into recession“, oh really Captain Urban Funding? So cheap oil and the ECB stimulus was kind of pointless, was it not? So when we get these aggregated levels of bad news, explain to me how a united economic Europe is anything other than a really bad idea? One the UK should seriously consider getting out of and that will drive the immediate departure of France and Germany. The scenario I predicted all along. And for 2 years experts, the media and political players remained in denial.

Now we see added ‘news’ on how Brexit works for Putin, which clearly reads like an American, ‘communist fear’ as pressure for keeping the UK right where it is now. That does make sense, because the collapse would have an impact on US economy. The Dow Jones Index would be hit a lot harder than it was in 2004 or 2008. In my view, the EEC has no future because it will not correctly deal with the legislation to prevent the non-accountable acts of some, which was the direct reason of this mess in the first place. Greece was never held to account the way it should have. The news on ‘new’ Grexit fears as we see that there is no solution where we see that the Greek government and European creditors have come up with a credible plan to make the country’s debt sustainable. Yet the established situation that Greece cannot be evicted gives rise to additional worries, which fuels both Brexit and Frexit. The Financial Times (at http://blogs.ft.com/brusselsblog/2016/02/08/brussels-briefing-back-to-turkey/), gives more on Frexit. Yes, all parties agree that this will only happen after a referendum, yet what is not given directly is that this would be the first act by Marine Le Pen if she gets elected. Both the Hollande and Sarkozy fronts are scared there, because Marine might only get elected with a clear majority, when that happens, neither party will have any options to stop Frexit from becoming a reality. Which gets us back to that ‘Greek news’. I believe that the parties have all come to an arrangement with the fears that Brexit brought. Because the EEC exit cannot be made enforced under current EEC legislation (discussed in previous blog articles), the article, in my personal view implies that Greece will volunteer to opt out of the Euro on the concession of debt relief, with total debt forgiveness being a possibility (my speculation). What will remain unspoken is that those parties who would, if successful to keep the EEC alive, will only do so when the price is right. That implies taxation not relief on several fronts (for non-Greece nations), realistically it will be a tax that will last generations. Did the people of Europe sign up for that? A Europe that is even less accountable to a chosen few (who forgave debt)? That path basically spells out that these ‘providers’ will get their money’s worth in the form of grants and non-taxability, but at the expense of all the other European citizens. So how is Brexit anything else but a really good idea? In addition, the Financial Times reports, or better Christian Oliver alerts us to the fact that Greece took a fall for Schengen (at http://blogs.ft.com/brusselsblog/2016/02/12/greece-takes-a-fall-for-schengen/). The quote “Athens has received a list of 50 measures that it should undertake to improve its handling of the tide of refugees“, which sounds great, but it is extremely short sighted. The quote “The EU insists that Greece needs to take the 50 steps, citing “serious deficiencies” in the management of the country’s external borders” is even more hilarious. You see, that risk has forever been there, there used to be some level of control, but now we have a bankrupt nation, its requirement to cut staff by almost 66% and the need to build a collapsed infrastructure. There are mere matters of fact. Greece has thousands of miles of borders that are a nightmare to watch. With the inability to get the Syrian matters under control people are running like crazy, they either run through Turkey or the swim from island to island (either way they have a 50% chance to make it). So, how are these requirements anything but a joke, anything but a hollow requirement from the Greek government? The mere logic (and any cheap world map) shows us that those refugees had to get around Cyprus and get either via Turkey, or take the waterway directly, which is well over an 800 Km trip, taking them past Turkey most of the way. So when we consider speeds, on smaller loaded ships, it would be a 3-5 day trip past the Turkish navy, so why is the Schengen council not having this discussion with associate EEC member Turkey? You see, we can blame Greece for many things (actually, just their politicians), but the refugee wave is something Greece got overwhelmed with, even with a functioning economy it would have overwhelmed Greece. More important, how are the refugees getting to the Greek islands? This can only be done with Turkey either ignoring refugee transgressions on their territory (which is weird as they shot down a Russian jet after it allegedly invaded their airspace for 14 seconds), yet refugees that have travel past Turkish waters for days are casually ignored.

It seems to me that we are watching a new game, one that is burdening Greece on many sides, only to allow Greece to cast themselves out of the EEC/Euro for a price. A price the other taxpayers must pay for and they still hope that Brexit will be averted? Good luck with that notion!

So as the Brits and the French are looking at the exit signs to get off the plane, they are still confronted that the pilot of that plane has been massively irresponsible. Its maintenance crew has maintained the plane on the foundation of their ego and as such certain best practices, practices that a real engineer would have taken were ignored. This has led to today’s predicaments. The Brits are of mind that even in flight, getting off is more likely to lead to a survivable situation that silently staying on the plane will. When the Brits get off, the planes integrity will be permanently compromised, which leads to the events I predicted.

So now the media is giving us more and more articles on the crew giving us horror stories on what happens when someone opens that door. Yet, some of them are exaggerated. In the end the opening of the door could just force the plane down to the nearest airport where the passengers who no longer trusts the pilot could disembark. We do not deny the risks, but the current pilot is taking the plane to places the fuel reserves cannot reach.

Yet in addition to what I already claimed, the British City A.M. (at http://www.cityam.com/234438/ignore-eu-scaremongers-why-britain-would-thrive-post-brexit) gives us ‘Ignore EU scaremongers: Why Britain would thrive post-Brexit‘, which is partially the view I have. Ruth Lea, economic adviser to the Arbuthnot Banking Group gives us “a timely reminder that we are a crucial market for EU exporters – £89bn of the total £125bn goods deficit for 2015 was with the EU, £31.6bn with Germany alone. For every £3-worth of exports to the EU, Britain imported £5-worth from the EU. It is quite simply inconceivable that any German car exporter or French wine exporter would wish to see any impediments to their trade with Britain“, which I see to be a partial truth. You see, that is what it is and in the future it is what it was, but for a time, we will see European resentment and anger. Several European nations will take part of the £3-worth of exports and they will find another place in Europe to get between £1 and £2 of that export and find another source. That element is equally ignored. It will be up to that current UK government to make quick and lasting agreements that would diminish the losses, but it will again be in the hands of the UK, not squandered by EEC inaction. Should you think that my view is exaggerated, then consider recent news! How the economy grew 0.3% yet billions were pushed into it for the ‘reasoning’ of stimulus. Now consider that stimulus refers to attempts to use monetary or fiscal policy to stimulate the economy. Stimulus can also refer to monetary policies like lowering interest rates and quantitative easing. So, how was the economy stimulated? If we consider the Wall Street Journal (at http://www.wsj.com/articles/ecb-announces-stimulus-plan-1421931011), we see ‘European Central Bank to Purchase €60 Billion Each Month Starting in March‘ that amounts to over 400 billion for 2015 (6 months, Mar-Sep). The quote “the ECB will buy a total of €60 billion a month in assets including government bonds, debt securities issued by European institutions and private-sector bonds“, so how did this benefit the UK or people in general? Now to get back to stimulus, where we saw the inclusion of quantitative easing. Let’s take a look there too: “A central bank implements quantitative easing by buying financial assets from commercial banks and other financial institutions, thus raising the prices of those financial assets and lowering their yield, while simultaneously increasing the money supply“. with ‘references’ in play, in my view, the Stimulus by ECB President Mario Draghi is nothing more than a catch and refund net for bad investments, buying back a paper tiger that was not worth the paper it was printed on, allowing governments to spend again. How does that benefit the people?

These elements are all in play, because as people realise that this economy is so that the large corporations go on not being tax accountable, governments spend money on so many things that benefit everyone except the people in general. Consider how many actual problems 400 billion could solve, not some joke called ‘the EEC economy’ but broken things we could actually fix!

 

Leave a comment

Filed under Finance, Media, Politics

Tagged as , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

August 31, 2015 · 01:41

And so it begins!

Even though Marine Le Pen still has to deal with her daddy, the one person who seems intent to drown the part his daughter was able to make a reality. His extreme approach was never going to work, now that she has shown this, his intention of making that future a non-possibility. Of course her opponents are happy as can be that Jean-Marie seems to go on tantrums making National Front seem too extreme, but the National Front members know better and soon Europe will know this too. What I predicted well over a year ago is still on course, and now, finally the press seems to take a little bit of notice. The quote in the French RFI is “French far-right leader Marine Le Pen has called for an end to all immigration to France, legal and illegal. In a speech aimed at rallying her Front National (FN) ahead of regional elections, she failed to mention her father’s expulsion from the party but did lay into immigrants, Islamists and President François Hollande” and “They don’t tell you this but the immigration situation in France is totally out of control,” Le Pen said at a meeting to mark the start of France’s new political season. “My aim is clear: to stop immigration both legal and illegal. The FN’s programme officially calls for immigration to be limited to 10,000 people per year but Le Pen went further, declaring, “We need national borders for France”“. Of course there is an issue getting this to move as Hollande is still president, but the clarity is a fact. National Front is now on the move, the data as given shows that the anger after the 21 August failed attack on a high-speed train from Belgium to France, France itself is becoming more and more extremely unaccepting regarding Islam extremists and foreign Islamists. Marine Le Pen called for “all foreigners on file for links with radical Islamist movements to be deported“, adding that ““radical mosques” should be closed and their imams be thrown out of the country if they are foreigners“. The French are realising that they got lucky, according to CNN “The three men — a member of the Air Force, an inactive National Guard member and a civilian” stopped what could have been a massacre. The French have had enough and so they should. This view, partially due to what seems to be President Hollande’s inaction. Whatever actions he undertakes now will only fuel the Le Pen campaign.

Now we have a problem, one that hits many others. If France remains on this course, England have no other option but to invoke Brexit. It needs to do so before Frexit becomes a reality. My reasoning is that whomever goes first will have the best options, not the worst options, after that the curve goes down fast. It is for that reason that I oppose the view from François Heisbourg in the Financial Times (at http://www.ft.com/intl/cms/s/0/20eb52bc-4cb1-11e5-9b5d-89a026fda5c9.html) the quote “It has a xenophobic and illiberal force all too keen to take advantage of popular fears about the impact of migration in the shape of the National Front (FN), Europe’s largest extreme right wing party, with a base representing some 25 per cent of the electorate. But, until now, Paris has not indicated that it has any clue how to cope“. You see, some might call it ‘xenophobic‘, yet this is the second attack within France and this one was almost successful. We should regard the circumstances a miracle, most will downplay the events into ‘the public can protect us‘ but in all, the governments failed and an open Europe is a dangerous situation, not all nations have the benefit of a tunnel and 5 ferries. Many other places are leaky as a sieve. France has entry points from many overly liberal nations, Belgium, Germany, Switzerland, Luxembourg and Italy. Belgium also gives access for the Netherlands and the boats are pouring into Italy. France no longer feels secure and yes, it is clear that National Front is pressing that issue as the Financial Times states, but is that fear incorrect or inaccurate? In addition the quote “Europe’s leaders need to live up to our responsibilities as humans and as neighbours, assume part of the burden, and talk straight to the electorate. Continued European and French fecklessness will only improve the far-right’s prospects of success, and will deepen what is already an unprecedented crisis“. This sounds very logical and ‘civil’, but Mr Heisbourg forgets that as the Chairman of the IISS and of the Geneva Centre for Security Policy he lives a nice sheltered life in the areas of far higher income then most others have. I will immediately agree that the bulk (let’s say 99%) are true refugees hoping for a better life, it is the 1% that is a problem, moreover, if we should learn anything it is the fact that most European nations do not have any level of infrastructure to take care of these refugees. That is the part many are ignoring. It is a direct consequence of bad budgeting. France and Italy are direct examples of evidence here. The UK and Greece are also in a place where funds are lacking. Together we are looking at close to 7 trillion in debt, in all that those governments are seeing an influx of thousands of refugees trying to find a future whilst support is no longer a financial option. Interesting how so many players ignore that part in all this. Yet the people of the UK, France, Italy and Greece see the immigrants for what they perceive them to be: “a direct threat to liveable income” any refugee who is sincere in his travel is also sincere in finding a job, a way to support their family. One in 10 in Europe does not have a job, any job given to them will be another job not going to their own citizens. This is a warped number as these people are often not equipped to do most of the jobs but the low schooled ones, bring a wave of fear to those in lowly paid jobs, fuelling places like UKIP and FN, which is why the French issue is escalating. What is not clearly shown is the effect that 270,000 refugees in Greece and Italy alone have on the EEC. I understand that people like François Heisbourg have an idealistic view. For the most people like him truly believe in that vision, but as governments cannot maintain their budgets, as large corporations are paying less and less taxation and as they fuel their own board of directors, governments at large no longer have any proper means to support such an influx. Whatever these people tell you, whatever fairy-tale you get told, realise that 270,000 people will cost us between 270 and 500 million each month. So this takes up to 6 billion a year and that is just from the present group, now add the 2014 group and in addition the people that will come in until December. Now explain to me how these nations who are already missing out on billions a year will add that to their invoice?

In all this, the people all over Europe see their cost of living rise, their past income is not coming back and the financial troubles for Europe are only just beginning. The Chinese market is a mess and it will influence the American market too. To what extent? I cannot tell, I actually do not know, but what I do know is that any change in the EEC will have a massive influence on the American bubble and the American way of life. Most of these facts have been ignored by many players of the media, there was always a whiff of ‘prosperous foresight‘, followed soon thereafter by ‘managed bad news’. Now as more and more people feel the pinch of non-sustainable cost of living, their Samaritan tolerance went straight out of the window.

With the Chinese market in turmoil, Germany, France, the US and the UK are now feeling the dangers that a collapsed Chinese market brings. The 0.7% growth in the UK could soon become a negative number, fuelling fears for the people who are not even close to move out of the valley of debt. With that fear in the UK, the fear in France will grow even faster and Germany will soon fill the ranks. We are so willing to be Samaritan when our lives are decently secure, but that is no longer the case and François Heisbourg should know this. Yes, they are correct that some places like Calais are incidental, but overall 270,000 people are not incidental and that number is only a small part of the entire collection.

These ignored facts and half-truths all moved under some rug is part of all the events that allow for groups like National Front to grow the way it does. This all falls into nothingness when we realise the millions, yes millions of refugees in Jordan and Lebanon. If you think the price from Europe is high, then what is the price that falls in those two nations? Even if we do not completely ridicule the statement in the Sydney Morning Herald, where we see “Alarmists overstate risk of deluge in West from refugee ‘flood’“, we see a flood of ’emotional’ statements like “Australia could relieve some of the pressure on Europe by taking in several thousand genuine refugees to resettle here” and “Everyone has the right to seek asylum, the hysteria over the tiny minority around the world who do so by sea is bewildering when we consider people have been sailing around the world for centuries” (at http://www.smh.com.au/comment/smh-letters/alarmists-overstate-risk-of-deluge-in-west-from-refugee-flood-20150828-gj9urp.html), all nicely ignoring the fact that this planet is not at 5.7 billion as it was in 1995. No, 20 years later when it is 7.3 billion. Nearly all the nations are deep in debt and their infrastructures can for the most not even contain its own population. If the people truly, really truly wants to be humanitarian, then get a majority to agree to a 10% rise in taxation. No, that will not do either, that money will have to come from the rich. 4,000-10,000 will have to pay for billions they do not have. A social structure that failed from the get go, because those so into support of that, have been unable to cull business by properly taxing them. Labour giving billions in subsidies, draining the treasury coffers. They did this in Australia, the UK, the Labour way and now as there is no money they all cry foul. Is that not weird?

The initial issue of budget, no one seems to be able to do it and now, as there is no money left, they all wonder where our humanity remains. Well, that went to the car factories so that they got to make a car $1900 cheaper and now they moved to Asia. The UK has the Flagship £1bn youth unemployment scheme, as well as the issue that Prime Minister David Cameron has failed to curb welfare spending. That is not an attack or a bad thing. It is a mere consequence of the economy in the UK that only appears to be growing but it is nowhere near where it was and the people in the UK are for the most down in their finances and will remain to be so for at least a decade. As such, the infrastructure suffers as loads of money basically go down a drain. In all this we hear about the need for humanitarian aid, but none of the treasuries has the funds to allow for this. It is the most basic of failings, perpetrated by governments on both sides of the isle for the better part of 2 decades. It is not about blame, it is about the reality that the bulk of people are ignoring. In the end most lives depend on what a spreadsheet allows and none of them have allowed for any substantial space for ‘the budgeting of refugees’ a massive failing. I wonder if the power players hoping for an Arabian spring had any idea the massive backlash their actions would have. Now well over 200,000 killed and millions displaced, with no end in sight. When the millions of refugees start dying of starvation, or disease, where will the humanity of our soul be budgeted?

 

Leave a comment

Filed under Finance, Media, Politics, Uncategorized

Tagged as , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,