Tag Archives: Theresa May

Prospecting black gold

There has been news all over the world, some news is good, some less so and at times we cannot see whether news is good, bad or irrelevant. To see the dangers, or perhaps the opportunity of what is what we need to look back to 2014, and start that issue with a quote from the Marvel Movie: Age of Ultron. The quote originally from Tony Stark was: “As I always say, keep your friends rich, and your enemies rich, and then find out which is which“, it is a reference to the arms industry and the benefit of mutual escalation. Keep this in mind when you consider the article in the Independent (at http://www.independent.co.uk/news/business/news/royal-mail-float-scandal-how-hedge-funds-cleaned-up-9303674.html), the title gives us the immediate threat with ‘Royal Mail float scandal: how hedge funds cleaned up‘, and “Speculators were allowed to buy £150m of shares despite Vince Cable’s pledge to favour long-term investors“, I omitted the claim that it was all due to the postman. That person usually rings twice, especially when Jessica Lange is around. Yet the heart of the matter, like in the movie, is not in the ‘boner’ or the ‘bonee’, it is the aftermath that matters. You see, the gem is seen in the local prosecutor and his ploy to get to the truth by going after one side, yet it is Cora’s Lawyer Katz who stops the evidence to get to the prosecutor, which nullifies whatever was attempted. So consider the part we see in the Independent: “around 20 per cent of the shares it had allocated to 16 preferred investors had gone to hedge funds and other short-term investors. This would equate to around £150m of Royal Mail shares – 13 per cent of the entire stock sold by the Government. The companies bought in at the float price of 330p a share. The shares shot up within seconds of trading, eventually peaking within weeks at more than 600p, allowing the hedge funds to bank vast profits at the taxpayers’ expense“, now consider also that this is a reflection of ‘£150m of Royal Mail shares‘. A system that has issues and allows for ‘deal sweeteners‘, now when you see this, and knowing that the bulk of hedge funds managers seem to get away with murder, consider the arrival of Aramco, better stated, the Financial Times headline ‘The $2tn Saudi Aramco question‘, which is now squarely an issue of titanic proportions (intentional pun towards the sinking dinghy). First things first, you see, this is not a fuel vendor like Shell, or a social media company like Facebook, this is the Privatised Saudi oil company that is larger than the sum of Shell, Facebook, Apple and Google. It is a 2 trillion dollar company, now consider the danger of the floating dangers of something like that, hedge funds managers can clean up and those who do will be set for a decadent life, for the rest of their lives. The dangers of something this big is pretty astounding and the fact that it could happen is not that small. You see, the dangers increases as we consider certain facts. NASDAQ gives us: “OPEC agreed in November last year to curb its output by about 1.2 million barrels per day between January and June“, that is because the stocks are a little higher than expected. This happens, oil will always fluctuate, now consider in the US alone there are 32 oil fired power plants. Production is down (for now) and the moment the first heatwave gets to the US, we see a massive spike in power requirements and 32 of those power makers require fossil fuel. In this I am only mentioning the USA, there has been power issues on a global scale, which is always going to be the case, but one of the largest providers towards the demand is going public and that is what speculators really like, because if the supply & demand need is not properly managed, we see an increase option towards fluctuation. Those speculators only need to get lucky once and the mess would be unrepairable.

The Financial Times gives us some of the goods with: “Privatising Aramco is the first step in rebalancing the economy. By disentangling the company, which accounts for more than two-thirds of government revenues, from the state, Prince Mohammed hopes to make Riyadh less oil-reliant, while providing capital for investment in new industries, ranging from technology, where it is pumping $45bn into the SoftBank Vision Fund, to mining. The privatisation of its national champion is crucial to this process” (at https://www.ft.com/content/7ed59bee-163b-11e7-b0c1-37e417ee6c76), but the heart is seen in: “That is even without looking at the question of how much oil actually lies beneath the desert kingdom’s sands“, when we consider that the oil gains in the North sea is slowing down and this is a signal seen in several places, the fact that at some point (in past, present or future) that something similar will happen to the Aramco goods is a certain fact, it is the when that cannot be anticipated. In addition, going public means that you need to be commercial, when it is government no one really cares, but in the public sector the trend must forever be upwards, so when will we see a similar float in Aramco when the numbers are not as great? It has been an utter certainty that nearly all companies go through, some did it calculated knowing they would kill the numbers within a quarter, some hoping they would kill the numbers and some did it whilst they were desperate for a miracle. Yet floating they went. How much of a $2 trillion dollar company in stock value will tumble when that happens?

And these are the circumstances where the acts were valid and not criminal at all (see UK Mail), I am not making any Tesco assumptions here, because the damage in that case will be devastating to the London Stock Exchange. One firm representing close to 70% of its entire market, there would be no London Stock Exchange after such a disaster. Bloomberg gives us the second tier of risks and dangers with ‘Saudi Aramco Cuts Oil Pricing for Europe Where Russia Dominates‘ (at https://www.bloomberg.com/news/articles/2017-04-05/saudi-aramco-lowers-some-crude-pricing-for-asia-raises-for-u-s), a market that Russia already dominates. What would happen if let’s say 3 days after going public, Russia decides to slash their prices for a short time? How would the market react? Not just to Aramco having to follow, but the forecasted annual numbers then take a dive, at who’s expense? Consider that the European market is ‘ruled’ by Russia and Norway, together they make up for 50% of that market and the Saudi part is smaller than Norway and 80% of that 50% market is just Russia. So they can influence the market a fair bit. You see, Bloomberg gives us “There is a risk price wars may resume in Europe, raising the possibility the output cut agreement won’t be extended to the second half of this year“, meaning that in the second half Russia could flood the markets and the streets with black gold. That impact would be felt all over the stock market. There is one part that I am uncertain on. You see, it reads like a small and insignificant part. The quote: “Aramco will tweak the benchmark it uses in the region to make it easier for crude buyers to hedge their purchases” seems small, but consider that hedging is done by a few hundred buyers for up to 25,000 barrels. It seems like nothing, but with 179 buyers it is almost a week worth of crude oil, now the ‘stock is full‘ issue becomes a larger one, because this is a level of fluctuation on stock levels that would impact on the stock prices, the mere stock is full a few weeks ago had a $3 impact (or 4.6%), that becomes a little more than insignificant. Now, I could be wrong here as I am not in the oil, yet you see that this is a concern when it impacts a $2T invested interest by more than just hedge funds managers.

The last part comes from the Guardian. In Jan 2016 they stated “Saudi Aramco is likely to be worth well over $1tn (£685bn)“, this is important as we do not see 1.2 or 1.5 trillion, so this given number implies that in a year Saudi Aramco grow by more than 40%, the exact number cannot be determined. Other media stated that Aramco had grown to 2 trillion last year, but none have given enough evidence to state which number is the reliable one. That too impacts this new market, especially the initial dangers of floating a stock. Yesterday (at https://www.theguardian.com/business/2017/apr/05/theresa-may-lse-saudi-aramco-uk-london-stock-exchange-oil) we see: ‘May and LSE chief woo Saudi ministers for $2tn Aramco listing‘, here we see: “Xavier Rolet, has launched a charm offensive in Riyadh to woo Saudi ministers with the prospect of London hosting the upcoming flotation of Saudi state oil company Aramco, which is likely to be the largest of all time“, the word ‘flotation‘ is given and the danger is now out and about, in clear view of all. So as the UK government is trying to appease Khalid Al-Falih, energy minister of Saudi Arabia (and CEO of Aramco), as well as Yasir al-Rumayyan, the director of the Saudi public investment fund – a sovereign wealth fund, I have to wonder where the Rothschild’s are, because there is no way in heaven or hell that the Rothschild family would be absent of a 5% of a $2T company option and not be a player in something with the ROI of billions, especially after the losses they had with Kurdistan and Africa. They have skin in the game now, and they need a victory in this field, their ego demands it from themselves!

In all this the final part given in the Guardian must not be overlooked, because the quote “Downing Street announced on Monday it had drawn up plans with Riyadh to boost support for Saudi’s much-vaunted Vision 2030 strategic plan for diversifying the Saudi economy to decrease its over-reliance on oil, spearheaded by the deputy crown prince, Mohammed bin Salman, who met May on Tuesday“, as this now offers the level of revenue to fund the ability to become the largest 5G player in the middle east, with options to diversify into Europe, the far East and America. It is perhaps the first time in history that a public company would shoot to a top position in mobile communication, ready to set the market and their values in a few ways on a global scale. For the simple reason that moving into technology and not go for the new tech that will determine the fate of the large mobile and telecom players between 2019 and 2027 seems extremely short-sighted.

 

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Retrenching under false pretence

Today we see (at https://www.theguardian.com/business/2017/mar/01/len-mccluskey-ford-unite-tariff-free-single-market-access-bridgend), how Ford is moving its needs and its projections towards other places. It fill the pattern and projected promise that have been set in motion a few years ago. The US is moving parts back to the US and some parts to Asia. Australia had been feeling this for some time. Ford left Australia in 2016 when in October the last Falcon XR6 came of the belt. Now we see the beginning of their exodus from the UK and in this the title ‘Unite blames Brexit as Ford prepares to cut 1,160 Welsh jobs‘ is as they call it, a total load of bullocks! You see, this is the other side of a one market and tariff free access. You see, as these costs fall away, making these 4 wheeled thingamajigs in America becomes profitable again. Now, let’s be fair, Ford is an American company. For American companies to move back to their home turf makes sense, it could even be seen as patriotic. But in all this, Ford remains a business. So they need profit to soar and that can be done by having their factories in America and Asia. Brexit was never a factor, Australia never had a Brexit.

Is there a chance that Brexit was any factor? I do not believe so, the UK is not yet in a completed Brexit and it would take a few years before all would be complete, so there is no Issue for Ford, in their camp it was already planned, the entire pressure on Brexit is just tactics, because the US is scared of what comes next, so for the US, in light of the upcoming French elections, the anti-Brexit pressures are essential. The game is changing in France. President Francois Hollande is not seeking a second term, according to the BBC the first French president to do this in modern times (at http://www.bbc.com/news/world-europe-39130072), he is that unpopular and as such France is seeing several different issues and power plays in place. With one in four under-25’s is unemployed. So even as all parties agree that massive changes are needed, the Socialist failure gives rise to additional voices moving towards Front National. In all this, we see additional moves. We could even consider that this is a partial discriminatory ruling. The EU claims to be all about the freedom of speech and freedom of opinion, yet they will happily lift parliamentary immunity for the French prosecution to take legal action. We can argue the validity here in two ways. One: Marine Le Pen did break French law. Two: how many other French people have been prosecuted for ‘publishing violent images’? I would really like to see the numbers on that one. So as we will see big data mining on transgressors, I wonder how many have not been investigated, which shows that the EU is very willing to upset the sanctity of a fair election, especially as those deciding on this are likely to lose their jobs when Frexit becomes a reality.

So as we see through the (what I personally regard to be) blatant lies by Ford, or better stated by Len McCluskey, and in this as Ford is not forthcoming they get to be tainted by the very same lie. The quote “UK’s biggest trade union has urged Theresa May to guarantee car makers tariff-free access to the single market“, in this I would state ‘Mr McCluskey, are you usually just facilitating for big business?‘, you see, as I see it, Ford is using Len McCluskey not for the plant, not for the single market access ‘need’. No, they want to sweeten the deal! They need other concessions, like the ones they had in Australia. ABC Australia (at http://www.abc.net.au/news/2015-12-17/tax-transparency-report/7036708) gave the people a Tax Transparency report. Where: FORD MOTOR COMPANY OF AUSTRALIA LTD, had a Total income ($) of 2,940,670,099 (so basically almost $3 Billion), a Taxable income ($) of a mere 7,057,051. This means that 99.9917% of the income did not need to be taxed. So as we see: Tax payable, Tax payable as percentage of total income, as well as Tax payable as percentage of taxable income. These numbers become zero (that means $0.00 and 0.00%). So is Len McCluskey going to open his eyes? Is he going to realise that he is made the bitch of big business that requires the UK government to give away taxable income in the form of free labour? Perhaps Len McCluskey remembers what slave labour is? All valid questions, more important, if this is the path Ford wants, why not let then fuck off to merry old America? Let’s be fair and honest. America is in dire need of actual jobs and an actual economy. They are bleeding currency value and as such, if American companies decide to retrench in the US to save their home country, than that should be regarded as a noble action. Yet, these companies are run by boards that have one need, dividend and bonuses. Let’s also be honest here, these people don’t make any massive coin, not compared to a few other fortune 500 companies. The top executives, have an income ranging from $5.2M to $17.7M, which in Wall Street terms might be laughingly little, yet the retrenching has the danger of those people losing 28%-42% of what they are getting now. You see, as the US has a collapsing infrastructure, the strain the US is getting by having these manufacturers move back to the US is going to cause a few infrastructural gaskets to blow. It will not happen overnight, but within 24 months they setbacks will hurt Ford, there is no doubt in my mind on that. The level of setback will be anyone’s guess, I do not have any wisdom that could state to any degree of certainty how much the impact is. Yet, when you consider that Ford is working on a 3.9% operating margin (2014 reported numbers) and they walked away from an Australian 99.9917% non-taxation, we should wonder on how they tend to do economically more terrific in the US. It seems to me that the US retrenching has either massive kickbacks, or will come at the consequence of short sightedness and long term hardship. The numbers do not makes sense to walk away from either, but the clarity is that fingering Brexit was not the reason. But then, Ford did not do that, they got

Len McCluskey to do just that. It is the part “McCluskey also demanded that Ford provide “legally binding guarantees” of future production at the plant”. It made me giggle. You see if they had not before, why would they do that now? It seems to me that McCluskey, not unlike Kim Carr in Australia, was either in on part of it for a time, or I need to consider them both to be massively incompetent. A legal binding guarantee after the fact. It is just too hilarious! Of course, when the issue collapses and Ford moves, then we get the real issue, because at that point the blame game starts. In Australia, Kim Carr got to play his game and got the reprieve, so when his labour team got replaced by the Australian Liberal Party (the Aussie Tories), he stood back and got to stand playing with his beard thinking ‘not my problem anymore!‘, yet Len McCluskey does not get to be this lucky, when Ford leaves it will be on his plate and the Unite members will have a massive amount of questions, I wonder how many actual answers Len McCluskey will have.

So all these revelations and facts brought to you because someone decided to blame Brexit and I have actually had enough of those blamers. The fact is that there would always be consequences to Brexit, so when I see another ‘bremainer’ demand a Brexit without consequences, I wonder just how stupid some people tend to get. Another side linked to this is seen in the Independent (at http://www.independent.co.uk/news/uk/politics/britain-will-not-contribute-to-eu-budget-if-no-brexit-deal-is-reached-says-lords-report-a7609526.html), here we see ‘Britain will not contribute £50bn to EU budget if no Brexit deal is reached, says Lords report‘, the subtitle is even more descriptive ‘The UK appears to have a strong legal position in respect of the EU budget post-Brexit and this provides important context to the Article 50 negotiations‘. The reason to go here is seen in “According to the Lords, EU budget payments – likely to be a contentious issue throughout the Article 50 negotiating period – would not be enforceable and the UK would be in a “strong” legal position to not pay a penny if talks ended with no deal“, so all the hard play we have seen has been absent of a proper analyses of the articles, something the House of Lords was not about to let go. The quote “Theresa May has warned her European allies that the UK is prepared to crash out of the EU if no reasonable Brexit deal is agreed on. In this case, the Lords add, Britain will not be liable to make any further financial contributions to the budget” also implies that there is a two stream issue within the conservatives. You see, when we see the quote of Theresa May against “David Davis, the Brexit Secretary, said earlier this year that the Government would not rule out making future payments to the EU’s budget in order to secure favourable access to Europe’s markets“. The two streams are ‘let’s be flexible about it all‘ and ‘we have had enough of this‘. The point being that large corporations have been souring the cream pushing European politicians to take emotional stands whilst others are trying to muzzle Mario Draghi and his need to spend a trillion no one has. This now pushes back to the Automotives of the land (including the exiting Ford), I think we need to see that the approach that has been used for too long a time, making some industries holy and non-taxed is not the way to go. Now, there are plenty of people who want certain markets to push forward and to have trade deals in place tends to be a good thing. Yet the part that the media seems to ignore again and again is that these deals benefit large corporations to a massive degree, but others tend to fall between the cracks losing out on all those fringe benefits. It is an injustice that has been seen several times and Brexit would allow for a change that gives a level of fairness to it all (allow does not mean it will happen though). So whilst we can agree that there would possibly be an impact, there are still too many waters stirring, so any level of Brexit blame is very premature. That evidence is given additional support when we consider Reuters news from 2015 (at http://www.reuters.com/article/us-autos-ford-asia-idUSKBN0O625Y20150521), it was already forecasted 2 years ago that “When I take a look at Ford’s growth over the next five to 10 years, we believe roughly 60 percent of the growth will be in the Asia Pacific region,” said Dave Schoch, president of Ford’s Asia Pacific region“, which was the first sign that the Ford plants in Australia were at risk. In equal measure, the slowing economy in China saw Ford sales drop, a similar event has been happening in Europe, where the drop is three times higher and here we get the issue. It had a rise for a while and the European numbers looked really good, that is, until you realise that Russia was the only strong contributor to the Ford sales. Yet the Russian slump has been in play and it is now also hurting Ford, whilst the news of ‘rapid recovery unlikely‘ to be at the head of the forecasting table. So when we see Ford media give us (at https://media.ford.com/content/fordmedia/feu/en/news/2017/01/18/ford_s-european-sales-rise-5–in-2016–strong-ford-transit–rang.pdf), “Ford sales rise 5 percent in 2016 to nearly 1.4 million vehicles in its 20 traditional European markets*“, with the reference to Austria, Belgium, Britain, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Spain, Romania, Sweden and Switzerland.

Giving us now the one part that the papers were missing. The fact that the sales are not sliding, but the revenue is set to better profitability, in that the element becomes that the UK is only one of 20 nations for Ford and when we add the Ford Authority quote to it from February 20thIn all, the closures terminated nearly 6,000 jobs, although some number of those were merely shifted to lower-cost countries like Spain and Turkey“, as well as “Ford Europe has continued to pare down its workforce, offering “voluntary separation” packages to some 10,000 employees since early last year to help save an estimated $200 million annually” a valid tactical move by Ford going back to well before 2015. So as we see this facts, the entire Ford issue has been playing for a while and a lot of it has been out in the open. So at this point I would ask Len McCluskey where he got the idea “workers had been “kept in the dark”“. I would like to know what actions he had undertaken since December 2015 when this was already underway, more important, the move in Australia should have really woken him up. Did it do that? Because certain facts, clearly given by several sources, some of them openly Ford themselves. It is there where we now see a reason to doubt the existence of both Kim Carr and Len McCluskey (but that is just my view on the matter). Len had the option of making a clear speech to the workers in wales starting by ‘the party is over, there will be massive changes in the future, but we do not know the exact setting, but the worst case scenario is that the plant will seize to exist‘. Did he make that speech? I reckon not, most people like that tend to avoid bad news, especially when events like Brexit can be blamed and that is exactly what he did in the end.

As a final point I need to refer to the quote “We have had, as I said, dialogue with Ford. We will continue to have a regular dialogue with Ford about the ways in which government can help to make sure that this success continues“, which was exactly was happening in Australia, with the happy ending not becoming a reality. There, certain players decided to blame the newly elected liberal government, whilst we clearly see that there is plenty of evidence that Ford had already decided, and the decision was ‘vacate!’

I wonder what McCluskey does next, perhaps blame the Welsh weather?

 

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The Turkey shoot

There are these moments when we hear that term, especially in the US in October & November where the American dream for some is a father and son(s) trip get into the wild and shoot one of them Turkeys. It is nothing most of us are used to, but like the foxhunt, there is tradition. I am in favour of the Turkey hunt, because, for one, there are strict limits which usually tends to be 2-3 at the most. Meaning that in this case, the family has thanksgiving and Christmas covered. You see, in that case I am not against hunting.

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There is a wisdom to only shoot what you eat, which in my case is not an option because cannibalism is a crime under the NSW Crimes Act of 1900. Yet in this case it is not about such a Turkey shoot. Today is about Turkey as a nation. This turkey shoot started a few hours ago when (at http://www.businessinsider.com/40-turkish-nato-soldiers-have-requested-asylum-in-germany-2017-1), we saw the change with ‘40 Turkish NATO soldiers have requested asylum in Germany‘, with the quote “About 40 mostly high-ranking Turkish soldiers who worked at NATO facilities in Germany but were suspended after the failed coup in Turkey in July have requested asylum in Germany“, you see, this is a Turkey shoot of another calibre. One where President Recep Tayyip Erdoğan is continuing the strangest of policies. It is hard to draw and make distinction between what happened and what is publicly stating in Turkey that happened. There is too much going back and forth and unless you are there in Turkey, there is little hope of anyone getting straight facts. The Independent gives us “to establish an all-powerful presidency while seemingly Islamising Turkish society to a degree not seen since the fall of the Ottomans“, yet in all this, the stated quote “the sacking of 8,000 police and 30 governors as well as 52 high ranking civil servants. This is in addition to 70 admirals and generals along with 3,000 soldiers and 2,700 members of the judiciary fired“. This is not just an overhaul this looks like a national change one that is not unlike the changes Saddam Hussein started in 1968, yet in this case it is anything but bloodless and like Sadam Hussein, Recep Tayyip Erdoğan is also a Sunni Islam, giving us more issues down the line as the ties with Saudi Arabia will strengthen over time. This change will also impact Israel as there is every chance that cultural ties with Israel will dwindle more and more in the same way the cancelled military contracts in 2011 went the way of the Dodo. So as we realise within the quote “This coup may not have been as big as the Government now says it was in order to justify its crack down on all its opponents, but it was still impressively large and was not far from succeeding from seizing power for a few hours on 15 July” that the numbers were not there, yet success was inches away from getting the change made, we can sense the paranoid approach that President Erdogan is setting its mind to. Yet, will he undermine his own presidency? In a country with 79 million people. Its population is only slightly larger, yet land mass wise, it is 350% the size of the UK, giving additional issues over time. Turkey as a secular nation has had a freedom of religion in place, yet when we look at Saudi Arabia, where Muslim law is in place, these elements could fall away from Turkey down the road, which means that two events are likely to start over the next year. The first one will be a shift in investors as they see the investment waters turn muddy and none too friendly. This will in turn escalate a brain drain where the brighter Turkish minds will seek their fortune elsewhere and elsewhere in this case means nearly anywhere but Turkey.

Is this a given?

No, it is not, but overall they are the likely event that will come to places like Istanbul, impeding, if not stopping commerce and the Turkish economy. A massive slowdown will come and the Turkish borders are confronted with more and more radicalisation. On May 1st 2016, in my blog ‘Homerun by UKIP‘ (at https://lawlordtobe.com/2016/05/01/homerun-by-ukip/) I gave a link to heavy.com where ISIS was making an appeal to Turkish sympathisers. Heavy.com is showing more and more extreme video’s where ISIS is giving a message of suicide attacks in Mosul, which is not that far from either Syria or Turkey. Three weeks later a similar video on actions in Sinai. There are indication that this level of radicalisation will deliver different flavours of Muslim faith to Turkey, the question becomes how realistic are these dangers? We can agree that there is a long way from Mosul to Istanbul, yet the people in the Istanbul nightclub who saw the attack on New Year’s Eve will not agree with that assessment. Even as many might agree that ISIS does not have the numbers in Istanbul, the 40 high ranking Turkish NATO soldiers are a first indication that as the top of the Turkish military falls away, there will be an increasing amount of chaos and more important a lack of military based support as the people are either not there, or the higher ranking troops require too much confirmation from too many locations before acting, giving ISIS a tactical advantage, in addition to the ones they already had. So as ISIS is inviting its followers to a Turkey shoot, it will be the bird population that will feel a sense of safety and security as they are not the target at that point. If you think I am trying to make a point, I am! The actions that ISIS is showing where people get casually decapitated by knife or by strapped on bomb, we have to wonder one element. You see, The Observer is showing ‘UK’s £100m weapons deal with Turkey ‘turns blind eye to rights abuse’‘ (at https://www.theguardian.com/world/2017/jan/28/100m-arms-deal-turkey-blind-eye-rights-abuse), what they are not mentioning is the ever increasing danger that business partner and NATO ‘ally’ will request (read: demand) assistance from its partners when it comes under more direct attack by ISIS. At that point what will happen? When NATO allies are thrown into that extreme mix? The French Legion Etrangere, the UK Marines/SAS and Dutch Marines might be trained up and ready for that fight, the rest of the Eurozone military is unlikely to be ready and partially too inexperienced. In addition, if some remember the January 2016 quote “Dutch police have arrested a former soldier suspected of killing Islamic State (Isis) jihadists while fighting alongside Kurdish forces in Syria last year, the prosecutor’s office said” (source: the Guardian). We need to consider how the law is impeding the fight on these Jihadists. We can all agree that the rule of law counts and as such it was legally the correct thing to do. Yet as ISIS becomes more aggressive in its inhumane actions, can we afford to remain this ‘legally minded‘ (read: politically correct in a legal way). I am not stating or inviting lawless acts, yet the law has ignored the fact that terrorists utterly ignore rule of law, in that regard, should they receive any consideration? In the view of some, the rights of non-combatants needs to cease in the eyes of prosecution, which in this view evolves as ‘if you go there to ‘hunt’ terrorists you might not be prosecuted, yet in equal measure you have no national protection to call on when things go south!‘, this is one approach and perhaps not the worst one, because when you consider that the Turkish diaspora in the top 5 nations, namely Germany, France, the Netherlands, the USA and Austria surpasses 4 million, most of them having ties of some sort to Turkey, the dangers of anti-Jihadi Turkey shoots in Turkey is not far-fetched. I am willing to go one step further, the amount of people signing up for that event would easily surpass the people who went to Syria to chip in, meaning that the Intelligence services will have an entirely new dimension of issues with radicalised returning veterans giving Europe at large more issues to deal with, that whilst certain logical systems are still not ready for the last three issues that plagued Europe and this too will drive nationalism and Eurozone rejection on larger scales.

In all this, we need to underline one issue in the entire alleged military plotter. the Quote “The German government has expressed alarm about the crackdown on alleged plotters linked to the coup while Turkey has criticised Berlin for failure to extradite alleged terror suspects“, is more than just a small issue (at https://www.thelocal.de/20170128/turkish-nato-soldiers-seek-asylum-in-germany-report), you see, this isn’t opening or closing doors between Germany and Turkey. It is merely handing opportunity to ISIS who will have options to cash in on the tactical advantages Turkey is handing to them. In that, the arrest of an ‘ISIS judge‘ around January 26th, implies that this judge remained around for 3 weeks after the attack, with possible more recruitment drives completed. The fact that his bum storage mobile was caught as well might assist the ISIS hunters (read: although it will be smelly data), the fact that ISIS has some level of organisation running on the European side of Istanbul should be seen as a worry and the current path President Erdogan is on might not be the best option, as it will very likely give way to more radicalisation, a path that ISIS has been exploiting a little too successful lately.

 

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On the bridge of slavery

We have seen several steps coming, it has been in the air for a long time, yet, this is the first time where we see a clear step where we are clearly shown that the people no longer have a voice, we are no more than a collection of items in a long reign of collateral damage to MP’s and greed driven entities. The guardian gives us “MPs to push for further measures to increase parliamentary scrutiny of the Brexit process” (at https://www.theguardian.com/politics/2017/jan/25/theresa-may-agrees-to-publish-brexit-white-paper). This is the show of a group of toddlers who do not want their gravy train to end and they will give any excuse with assistance from the media to prolong their train and maximise their earnings. We see this in “which MPs now want to see before they are asked to pass legislation to trigger article 50“, there was a referendum and the people wanted to get out. Now we see MP’s scurrying to delay and to even stop that what the people wanted.

And the evidence is actually getting stronger on an international level. My issues is that the only one taking this to visibility is Richard Desmond’s the Daily Express and if I have no trust in the publishing ramblings of Rupert Murdoch, I am very much in favour of giving none to Richard Desmond either. Yet, seeking through the article for any name that gives any solid ground for other sources and I got it in Reuters. You see, we now have an almost Mexican standoff, meaning that we can ask President Trump to get into action. The issue is that Mario Draghi gives the quote “Any country leaving euro zone must settle bill first: ECB’s Draghi“, which makes me wonder whether this court jester of idiocy is making the statement as he has been racking up trillions of Euro’s in debt by instigating through flooding the market with funds, that in actuality has had no impact on the economy whatsoever. There is no one to clip the wings of this irresponsible person, those people are all too happy to get the juicy support that their future needs. That is how I see it and lets support that with the following parts that Reuters had in the form of a piece by Francesco Canepa (at http://www.reuters.com/article/us-ecb-eurozone-idUSKBN1542KL).

When we look at the debts, we see the quote “As these payments are not generally settled, weaker economies including Italy, Spain and Greece have accumulated huge liabilities towards Target 2 while Germany stands out as the biggest creditor with net claims of 754.1 billion euros“, so as Mario Draghi keeps on going like a spending jester with a credit card that isn’t his in the first place, we would see that these nations do have debts yet local parliaments never agreed on the spending spree to this extent. So when we get the quote “In a rare admission about the strength of feeling building up against Brussels the Italian pen-pusher Mario Draghi, president of the European Central Bank (ECB), said countries leaving the euro will face huge financial consequences“, we also need to take into mind who got the debt there. So when we see the threat from Mario Draghi, we should consider my article of June 30th 2014. A little over 2.5 years ago. (at https://lawlordtobe.com/2014/06/30/exit-strategies-anyone/), here I wrote “So, the dangers of additional debts from Europe would cripple the UK as well. This is as I see it part of the reason why the UKIP got such a huge success“, now we see that not only was it true, we now see Jester Draghi use it to keep France and Italy under his yoke, he is hereby hoping that the soft UK MP’s will give in, keeping the European Barge named ‘Irresponsible Spending‘ afloat. So, not only was I right, there is an additional issue that I initially proclaimed that the American Economy would drown the European one. I still believe that this is true, yet there is in equal measure now the chance that the ECB could with their irresponsible acts collapse the American one. Because when we see that three nations are shouting stronger and stronger that they want out is also a clear signal that the ECB has been, as I feared for a long time, stacking up debts to make the exit no longer possible. So in that, there is now an added need that Mario Draghi is to be halted spending ANY money at all. If he is forcing a ‘stay in until all debts are paid‘ he is also stating that he should not be allowed to spend any money that has not gone in, basically the ECB would have to go into a trillion plus euro debt and see it as an investment, which with the view of the three largest players wanting out, that step is a bad investment. So will Mario Draghi pull out, or will he hope on non-acting MP’s in several nations who are too fearful of change? Safe money is on the second one, but that in equal measure indicates that those hit by such extremes will seek more and more extreme political sides and soon thereafter, UKIP would be seen as the liberal view which holds the balanced centre of politics. How scary is that?

And we aren’t even close to the centre of blackmail. The view two weeks ago was “Intermediate Capital Group (ICG) will suspend further investment in France if National Front leader Marine Le Pen becomes president in this year’s elections“, which is fun as the scores of Financial advisors in London are looking for new eager shores that they can exploit. Even when we see the news, we see more and more ‘relabeling’ of what is, into what speculators want it to look like. When we see the title ‘Eurozone: Towards a stabilization of growth – Natixis‘, we see something positive, yet the quote “Jesus Castillo, Research Analyst at Natixis, notes that the Eurozone composite PMI remained almost stable on January 2017 at 54.3 and from the manufacturing sector side, it seems that once again Germany has driven the Eurozone expansion“, which seems nice, but from my point of view with the quotes “it means -0.1 point compared to December. The manufacturing PMI rose to 55.1 from 54.9 whereas the services sector survey has registered a small decrease by -0.1 point to 53.1” as well as “From the manufacturing sector side, it seems that once again Germany has driven the Eurozone expansion. The manufacturing index increased by 0.9 point from 55.6 to 56.5 whereas it declined in France (from 53.5 to 53.4) in January“, which means that in the Eurozone, only one nation is getting anywhere and the other 18 aren’t pulling their weight and not getting things done. Harsh, but true. It is in this collection of false relabeling scores, where we see ICG blackmail France, scores of banks blackmail the UK (question: should I use the word ‘blackmail’ or is ‘Psychic Assault’ a better word?), because that is basically what it is and the fact that these players are not named and shamed is an issue for me.

In this 10 days ago, we had the fact that the ECB is also making its choice of ignoring other voices “The European Central Bank will hold to its course at its first meeting of 2017 Thursday, analysts said, resisting clamour to tighten monetary policy from critics pointing to increasing inflation. Since December’s meeting of the ECB’s Governing Council, when it extended mass bond-buying from March to December 2017, price increases in the 19-nation single currency area have picked up. The increase to 1.1 percent from 0.6 average inflation across the Eurozone in December still leaves the indicator well short of the ECB’s target of just below 2.0“, meaning that the ECB is playing an increasing dangerous game whilst loading this debt onto a group of nations with already maximised credit cards. The fact that only Germany got any decent result is also an indication that the ECB is setting a premise that increases the overall European debt by 2 billion a day and nothing to show for it. We can accept and we need to take into consideration that some of these events are long term actions, yet in equal measure it didn’t work the first time, so the second time making it lasts longer is equally a bad idea, which is why he earned the Jester hat.

This reflects back to the EC, because as we see more and more push against Brexit, which some parties are hoping that it will in equal measure diminish the dangers of Frexit. Even as the BBC (at http://www.bbc.com/news/uk-politics-38753808) gives us that ‘Brexit: Article 50 legislation to be published‘, we see in equal measure “But it is expected to face amendments from MPs and peers, while others have said they will oppose it outright“, giving the people a new fear, the fear that the freedom they had on the referendum was fake, a virtual war where the will of the people was never real. We can accept that the “Supreme Court on Tuesday, when judges ruled that Parliament must give permission to start the Brexit process“, which is acceptable, yet in equal measure we now face that in all this, as the EC began this path was never properly set, the lawmakers deceived and betrayed the people of the sovereign nation of the United Kingdom. Even as we know that article 50 is merely the informing part that the UK is leaving the EU, the Supreme Court stopped this from ‘just’ happening, and in that I have no issue, the Commonwealth has always been directed by law (as stated earlier). It does become an issue to me when I see “face amendments from MPs and peers“, the question becomes, what amendments? The people want out and this group of people is growing fast, all over Europe. The bickering, blackmail and phony posturing by those not even properly paying their share of taxation has been a blight in the eyes of the tax paying people. So as we look at John McFarlane and his spearfishing, or is that spearheading a fishing campaign? Anyway, the AFR is reporting on John trying to keep the banks where they are. I am still decently certain that as Frexit is becoming more and more a certainty, those not remaining in London, or those vastly relocating staff, will within 24 months see a sway where they have to explain to the shareholders a massive loss, due to relocations, loss of staff and loss of opportunity and revenue, due to a loss of staff, whilst in equal measure needing to show massive expenditure in France and Germany whilst the revenue never got close to the change. More important, the anger of people with every delay on Article 50 is also prompting other nations to truly spearhead a move out of the EC. So as we consider (at http://www.afr.com/news/world/europe/stay-put-for-brexit-deal-banks-urged-20170122-gtwblk) the quote “Bankers have moved from talking about a “transitional” period, instead labelling it an “implementation” or “stability” period, mirroring the language and rhetoric being used by the British government“, this whilst no one is asking how come that London was the financial centre for Europe before the Euro existed, before we got this open borders stuff. The British centre of commerce was well established, so in all this, why would it have been lost in the first place and for those moving consider that a one market place might see best, but we have shown again and again that it only profits the large corporations and there is too much showing that the next 10 years will not be in hands of large corporations, it will be the smaller ones that will actually start economies and set changes. Those people still see London as the centre of their universe (whether reasonable or not). In that article there is one part that remains cause for concern You see there is truth in “Jes Staley, the chief executive of Barclays, said he did not think that Britain or the EU would use Brexit as an excuse to roll back the global financial framework that has been implemented since the financial crisis“, yet we know better and what Jes is stating is not true. The truth is that, as Reuters gave us in September 2016 (at http://www.reuters.com/article/us-basel-banks-eu-idUSKCN11W1PA), that the banks are very much in favour of rolling it back to some degree. As we see “The European Union may opt out of new global rules aimed at preventing another financial crash because officials are worried they put European banks at a disadvantage at a time when they are losing market share to U.S. rivals“, even at that point, a mere 4 months after Mossack Fonseca, more and more shifts were seen. There is more than one indication that after Mossack Fonseca got out into the open, many had to vacate places and move and interestingly enough, according to Andrew Penney, Rothschild & Co, the U.S. “is effectively the biggest tax haven in the world”, this is also how we learn that private wealth is doing just fine, it merely got as new letterhead from either (or both) an accountancy firm and a law firm.

How do these elements connect? What does wealth management have to do with slavery?

These are important questions and you need to ask them! You see, the freedom of choice, to leave the EU has been undermined for some time now. I understand that it was a close call, yet the Bremainers lost, and just like American Democrats, they are very sore losers, because they aren’t getting their way. In addition, those who have no vote and also require the Bremainers to win are large corporations who require every part of an inch of margin to keep their profits as high as possible, because their bonuses depend on it. That part is no longer an option as these people need to be held tax accountable, as well as these corporations require them to pay their fair share of taxation. With the EU behind us, UK laws can finally be adapted for this to happen. We see all the flim-flam presentations, bullying and blackmail on how they walk away. Yet we can clearly see that the UK was merely the first one. And some margin from 68 million consumers is better than losing 68 million consumers, which is what the UK is steering towards. The untold part is that all these noisemakers do realise that losing the UK and its customer population is really bad, so having some profit will always be better. So when we see the Guardian (at https://www.theguardian.com/politics/2017/jan/26/brexit-bill-mps-will-get-five-days-to-debate-article-50-plans), with Labour MP’s stating “to guarantee the protection of workers’ rights and securing “full tariff- and impediment-free access” to the EU’s single market“, gets the response ‘who are they kidding?‘, workers’ rights is one and that has existed in the UK long before the EC, in addition and the crunch is ‘tariff-free access‘, which is just to appease large corporations and that has been the problem these last 8 years to begin with. So who is Labour copulating to? (Oops: I meant facilitating for). In addition UK Labour wants as an amendment “to oblige the government to keep all existing EU tax avoidance and evasion measures“, which seems nice, but that could have been avoided if proper legislation had been pushed to come down hard on tax evaders. Yet Labour in all their terms did absolutely nothing to get that decently sorted, so screaming for it now seems a little redundant in my humble opinion.

As we watch from that bridge, we see twists and turns, whilst from the distance we see how financial institutes are enabled more and more, our freedoms fall away. The Financial times being the voice of Bankers on how the ECB is making its predictions. “The European Central Bank has stepped up its warning that it will be difficult for the UK to hang on to its valuable euro-clearing business after Brexit, calling for EU institutions to seek more, not less, oversight of the trade in London once Britain leaves the bloc“, (at https://www.ft.com/content/51a68c6e-e094-11e6-9645-c9357a75844a), which sounds nice and threatening, yet, do the people realise that when Brexit becomes a fact, Frexit will be around the corner and that also means the end of the ECB soon thereafter. So as we see the issues brought by Benoît Coeuré, we see in addition “we’ll have to know what are the new foundations, and whether this is good enough to ensure financial stability in the Eurozone,” he said. “Is that possible? I don’t know . . . It sounds challenging,” he said, adding that the issue “is not for the ECB to judge alone. The [European] Commission will have a say, governments will have a say.”“, this is fair enough, when the UK steps out, another European EC nation could end up clearing Euro derivatives, that is to say, where is that infrastructure in place? The article brings however an interesting side. With “Theresa May, Britain’s prime minister, indicated that financial services could be one of a number of areas where the UK would like to retain “elements of current single market arrangements.” But that idea of special sector-by-sector deals encountered an immediate pushback from other EU leaders, who are wary of British attempts to cherry-pick advantages of EU membership“, this view is not incorrect, yet in equal measure, what cherries would the Amsterdam, German and French markets like to pick? The point I am trying to make is not the issue by itself, which is fair enough, the issue is surrounding the people behind the curtains. People like Mario Draghi, Benoît Coeuré and the other four. When push comes to shove, I feel that they for the most have their own needs in mind, the public at large should have seen by now that the ECB has been pushing their own game, the rising debt is only one of the games played. The other one is actually shown in an interview with Romano Prodi (at http://www.italy24.ilsole24ore.com/art/politics/2017-01-16/intervista-prodi-132036.php?uuid=AEIWmr), there Prodi states: “The euro area’s economy is however recovering, although, according to European Central Bank President Mario Draghi, the main risks come from the field of politics” on one side we see that the ‘recovery‘ is misplaced as shown earlier is  at less than one percent and Germany is the only one achieving it in the end, that is not recovery. What Mario Draghi calls ‘the main risks come from the field of politics‘ sounds nice, but in the end, most politicians have an economic knowledge that is a mere joke (slightly less than my non-economic education), they get their advice from economic people most of them connected to banks, and they don’t want Brexit to happen. In addition, as shown earlier, the banks are starting to push back against Basel because of the US advantages, meaning that the banks are becoming larger risks again. Does anyone remember how these bankers ended up in prison in 2008? They did not! Their quality of life only increased to the larger degree whilst the rest of us saw a diminished quality of life that even today has not restored itself. So the view from the bridge is not that great, it shows on how we lost too much and in all this Bremaining could spell even more disaster before the end of the year. That last one is not a given, but we always knew that there would be hard times. Now we only need to worry on when that crash does happen, on how the ECB will blame everyone except for themselves and their utter reckless spending of trillions. The bridge of slavery has no view, yet unlike the Hussaini Hanging Bridge you do not get to die if you are ‘lucky’, you get to live through the agony of cleaning up the mess others made and they end up being protected and not held accountable.

 

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Missed it by THAT much?

It started last night. Actually, it started a little earlier, yet I get information from so many sides, that I have to make a choice what I focus on (my final assignment for my master degree being the big number one). So when I initially heard about a missile issue I had no real interest. You see, the things PwC is up to with added narration of missed issues on Tesco, BHS and two others is a lot more interesting to me. Any missile issue tends to be a simple engineering problem. At times it is about other matters, but that is once properly tested a mere 9% of the time, with 91% being engineering or interfacing, which is basically another realm of interfacing. Oh, for the underlying entertainment. I am writing this whilst listening to The Tales of Hoffmann, which is applicable to all this on more than one level.

So back to the Lockheed Trident we go. Let’s start with the BBC (at http://www.bbc.com/news/uk-politics-38719346) with “Theresa May finds herself under pressure for refusing to answer whether she did, or did she not know that something had gone wrong with our nuclear weapons, when she asked MPs to vote to renew the costly Trident system?

So when I see “So the simple “who knew” question will keep being asked. And for as long as the opposition parties keep pushing for clearer responses, ministers will keep looking like they are awkwardly, even shiftily trying to evade a straight question“, I feel that asking the question is a loaded canon to say the least. In this day and age, regarding any issue on nuclear facilitation, do you really want the other players to openly know that UK defence does not work, so Russia and/or China only needs to work about each other and the USA? With pressures at present it is not the best idea to say the least.

My issue is with “A missile test involving Britain’s Trident nuclear deterrent system ended in failure off the coast of Florida last year, a US defense official with direct knowledge of the incident told CNN on Monday“, so not only are US defense officials sanctimonious on the best of days. It seems that they have no problems revealing certain classified events when it concerns their allies.

OK, I can accept that, so how about I reserve a little space at the end and let the public at large know on the storage issues that PRISM is still bringing, not the observation part, but the fact that the storage as it had been one and how the list of people with access was a lot larger than anyone realises. With the New York Times bringing the people on June 6th 2013 ‘U.S. Confirms That It Gathers Online Data Overseas‘ (at http://www.nytimes.com/2013/06/07/us/nsa-verizon-calls.html), but that the quote by Josh Earnest “has been a critical tool in protecting the nation from terror threats as it allows counterterrorism personnel to discover whether known or suspected terrorists have been in contact with other persons who may be engaged in terrorist activities, particularly people located inside the United States.” is missing one important element, which is “it equally allows the better hackers to alert certain people of red flags they can scan for“, which is not something they wanted us to know. I’ll get back to that later.

Let’s focus on those Lockheed cigars named Trident. You see, there is a question why the US spokesperson opened his mouth in the first place. When we consider (at http://www.businessinsider.com/upgraded-trident-ii-missile-being-tested-from-us-nuclear-submarines-2016-9), the quote “This was the 161st successful Trident II launch since design completion in 1989“, now I have no idea how many test launches we have seen, but 161 good strikes sounds like a good deal, so why suddenly this ‘revelation‘? I am all for fair display of facts, including failures, but the air that this one flaw gives give in addition other considerations, so if this US spokesperson thinks that the UK is grateful for him opening his mouth, I think it is time we make sure his bosses make sure he never considers that ever again. This all gets us to the reasoning of that US spokesperson.

Brown University is/was housing a Nina Tannanwald, who had an interesting essay. Titled ‘Renewing a Regime of Nuclear Restraint‘, we get “the non-nuclear weapons states of the world are growing increasingly impatient with the failure of the nuclear weapons states to move toward what are seen as their moral and legal obligations to eliminate their nuclear stockpiles. The humanitarian consequences movement, a globally popular movement barely discussed in the United States, is one reflection of this frustration with the slow pace of nuclear disarmament. A similar tension plays out in the United States, as the Obama administration committed to move towards a world without nuclear weapons while concurrently authorizing a multi-decade, trillion-dollar modernization of American strategic nuclear forces“, there is a truth in this, there is also the realisation that even as most want to move into a non-nuclear era, with Iran and North Korea in the mix, that is a reality that will not come any day soon, if ever. Time has taught us that putting the genie back in the bottle is not an option. If that is not an indication, try to interview Pandora on what happened to hope. Good luck with the answer to that one in this day and age!

Yet when we consider Tannanwald, there is more and more the need to consider Robert McNamara’s presentation to NATO in Athens laying out flexible response doctrine. I think that Robert McNamara is one of those essential Americans that show the American spirit. Serving under both John F. Kennedy and Lyndon Johnson, he has been confronted with the need to alter perspective and a dimensional scope that has been almost unheard of ever since. He is almost the founding father of policy analysis. In addition he is the person who consolidated functions that is amongst others now known as the Defense Intelligence Agency.

So you might think of him as a spooks Yoda, with a flair for pragmatism. Which gets us to the opposition in all this, namely Dr Julian Lewis, who in the Guardian stated yesterday (at https://www.theguardian.com/uk-news/2017/jan/24/commons-watchdog-criticises-unnecessary-surreptitiousness-trident-missile-malfunction) “chairman of parliament’s defence watchdog has criticised the government’s “unnecessary surreptitiousness” over the Trident missile malfunction, as Michael Fallon declined an invitation to appear before his committee“, in this we congratulate Dr. Lewis for his ability to employ a 17 letter word, yet the issue in all this is twofold. the first is that as far as we can tell this is a 1 in 161 cases, making it an outlier that could have been addressed outside of the view of the public, second that the Government had already clarified a need much earlier (which I will point out a little further, with a link off course) that there was a certain need, that need is now directly undermined. Perhaps there is a political need to get something else started and scuttling one solution will open up a set of new problems onto which certain people with interests can throw a lot of money at, they would only need to get rid of 4 submarines. We know that a new HMS Dreadnought is coming, but what is possibly less known is that a refit of the Vanguard Class should start in 2019, which will impact the defense budget because an overhaul of this kind really requires a serious amount of coins. Now, the latter part is speculation, but is it far-fetched? It is 2017, these matters take time, there is no doubt about that, so there is a gap where certain actions have a lot of impact and the misfire is just a lucky break for some people. In all this I could be, and I am probably wrong in all this. Yet when you look at the facts as they are clear, as we know that our cold war opponent has satellites, so they know about the event, calling this into the open only serves another platform. I have no idea which one, but the visibility of these events call a lot into question, especially the actions of a blabbing yank. Now, for some this might actually be one of those democratic losers with no prospect considered ingratiating himself to optional future employers in the media as this person could be democratically replaced by the new party in charge if his function was high enough and the CNN quote “US defense official with direct knowledge of the incident told CNN on Monday” implies that he is higher up the ranks to some degree.

So how does this reflect back to Trident? Well, if we accept that regional tensions are made worse regarding nuclear policies by unstable regimes where the mental balance of the one in charge leaves a lot to be desired (examples: Kim Jong-un and Mahmoud Ahmadinejad, when he was in office) , we should consider that the solution does not work, tension is not eased, it only invigorates that person to consider pressing the famous red button. This comes mainly from the premise of the thought ‘theirs might not work initially‘, which would only instigate a false sense of ego of that person pressing the button. I am going one step further stating that such a person could call in some simpleton cook, asking him ‘Can you press this button? My hand hurts!‘, so that unsavoury character now has the genuine option of remaining in denial.

Even as we consider that 2 out of 161 might not work, the stats are extremely unkind on the chances for the receiving party. Still the issue remains, what was that US spokesperson thinking off when he/she considered speaking on the matter at all was a good idea? Don’t get me wrong, I am not stating that we should be lied to, but there were clear security considerations in play and I wonder if that person was even high enough on the pay scale to make have this consideration, speaking out regarding an allied nation (read: the UK).

My view?

Well, personally, when I look into the error, I am considering that it was not a simple flaw, you see, when the missile is off by a degree, or even less. When it is that small it becomes an issue because that takes time. When the direction is off by a maximum dart score round (180), it tends to be a simple construction flaw, an interface that was not properly checked, basically, the kind of flaw that requires Lockheed (on average) to send the next missile at $0 (and they also have to pay for postage, packaging, gift wrapping and shipping too). Which would be another reason for some people not to speak, unless officially ordered to do so, as it would start an entirely different debate on the Trident Project. So in this light, as we see that 1 out of 161 went wrong, the dust cloud is very much disproportionate to the events as we see them. Even when we see the connected views on Jeremy Corbyn, who has been for the longest times in the light of ‘Jeremy Corbyn says he will put nuclear disarmament at the heart of his leadership re-election campaign‘. which  is what we saw in July 2016, in September 2016 we see: “to put to one side any attempt to reverse Labour’s support for renewing Trident in a bid to reduce tensions with unions and rebel MPs“, yet that ship has sailed, so he can ‘revive’ his lifelong view of being the soul that is anti-Trident. We might see that as a decent view, yet in all that we see evolve is it the correct one? I think that there is no clear answer and this is not on Jeremy, but it all now shows to be a valid political attack, which he cannot be faulted for. Yet how to proceed?

What makes a cigar a cigar?

So this Lockheed device has several elements. I will not some conceded jerk telling you what went wrong. We can speculate that the electronics were wrong, yet what if that is actually not the case? Consider the following sources. the first (at http://www.publications.parliament.uk/pa/cm200506/cmselect/cmdfence/986/98605.htm) gives us at [40]: “‘De-targeting’ and ‘State of Readiness’: The SDR stated that the Trident missiles aboard the Vanguard-class submarines would not be targeted and would normally be at several days ‘notice to fire’. However, the SDR also noted that “we will… ensure that we can restore a higher state of alert should this become necessary at any time”. In the course of our inquiry, we were told that targeting the missiles does not take very long“, in that is it not interesting that an actual metric was not given?

In addition we get “Dr Rebecca Johnson, of the Acronym Institute for Disarmament Diplomacy, argued that both de-targeting and the reduced state of readiness were essentially meaningless since they could be could be easily overridden“, which was in the same paragraph and it gave me the part that is soon to come. You see (at https://www.gov.uk/government/publications/uk-nuclear-deterrence-factsheet/uk-nuclear-deterrence-what-you-need-to-know) we see ‘A minimum and credible deterrent‘, with the quote “we require a fleet of 4 submarines to maintain 1 continuously on patrol and retaining this posture is essential to assure the invulnerability of the deterrent“.

So, this is me speculating, the triviality that we saw regarding the ‘we were told that targeting the missiles does not take very long‘. So what if the targeting could be messed with? In this day and age, is that such a leap? If that is true and if the targeting can be messed with, the issue now becomes that Her Majesty’s Navy now has 4 cigar boxes that could potentially be regarded as useless, making them extremely expensive non-deterrents. Let’s not forget, this is pure speculation, so it becomes only the smallest of options if the missile was not malfunctioning in a normal way.

So how does this reflect on me making some other case earlier and why mention it?

Well, let’s take you through the motions, it will take a few paragraphs. First there is “NSA whistle-blower Edward Snowden has denied he committed treason with his revelations that the US had been hacking Hong Kong and China since 2009. He said his revelations did not disclose military targets – a treasonable act – only civilian infrastructure“, try and focus on the red parts in all this. The next part is “Without asking for public permission, the NSA is running network operations that affect millions of innocent people. In a previous interview with the South China Morning Post, Snowden said he was releasing the information to demonstrate “the hypocrisy of the US government when it claims that it does not target civilian infrastructure, unlike its adversaries“, which gets us part of the first part. The source is the IB Times (at http://www.ibtimes.co.uk/nsa-whistleblower-edward-snowden-479709) and they are only one of several sources.

From that same source we get “Internet companies – including Facebook, Google, Yahoo, Apple and Microsoft – were reported to have given the NSA “direct access” to their servers under a data collection programme called Prism” as well as “US government agency had access to the raw databases of these companies. “They can enter and get results for anything they want [such as] phone numbers, email, user id, cell phone handset id,”” and “Additionally, audits are cursory, incomplete, and easily fooled by fake justifications. At GCHQ, the number of audited queries is only 5% of those performed.” now we need to consider that “He was employed by several outside contractors including his current employer, defence contractor Booz Allen Hamilton“.

Now I make one step back to a statement I made some time ago. You see, there is a part that never rang true, especially as the amount of data he allegedly took with him, yet this data never saw the light of day. In addition, for one person to have this level of clearance and access is something I always questioned! On the 23rd June 2013 I wrote ‘Who are the real watchers?‘ (at https://lawlordtobe.com/2013/06/23/who-are-the-real-watchers/), in there I wrote “his account is broken down and thousands of dollars on internal communications, price agreements, customer’s details and many more details are now duplicated. It would be worth quite a few coins for the right competitor. As such the quiet student will have all his University debts paid off long before he gets his degree. So, what is this about?“, which I bring on January 18th 2014 in ‘Diary for a wimpy President‘ (at https://lawlordtobe.com/2014/01/18/diary-for-a-wimpy-president/) with “The government will no longer store the phone call information of millions of Americans. But he did not say who should maintain the information, instead giving the intelligence community 60 days to come up with options” as well as former Presidents Obama quote “What I did not do is stop these programs wholesale, not only because I felt that they made us more secure, but also because nothing in that initial review, and nothing that I have learned since, indicated that our intelligence community has sought to violate the law or is cavalier about the civil liberties of their fellow citizens“, the point in all this is not just the traitor Edward Snowden, who decided to become the judge, what also happened is that several sides of this went to private contractors, some of them very much greed driven. It is my belief that one event is linked. It was given on October 5th 2016, I wrote about it, but I will not give the link. The Telegraph (at http://www.telegraph.co.uk/news/2016/10/05/nsa-contractor-charged-over-alleged-theft-of-secret-us-governmen/) gives us the parts we need. “Harold Thomas Martin, 51, was secretly arrested by the FBI in August for allegedly stealing classified information. The US Department of Justice says it found Top Secret documents in Mr Martin’s home, vehicle, and two storage sheds on his property in Glenn Burnie, Maryland during a search on August 27th” as well as “Those documents were reportedly “source code” developed by the NSA to hack its adversaries. The codes would allow the NSA to covertly place malware in the computer systems of foreign governments and to monitor or even attack the networks“. Now, the part that comes next remains speculation!

I think that is exactly what has been happening. I think that whatever Harold Thomas Martin did get out before the NSA/FBI could lock down on it. I think that these contractors have been doing their job, but I also believe that someone has been getting access because part two gave access to part one and those people aren’t sworn in executives of agents of any government.  What if we consider when we combine the ‘claimed facts‘ as published, where other parties have been gathering information from selected mobiles, and where users have been interfered with. You see, we all got the messages as seen (at https://www.nytimes.com/2016/12/13/us/politics/russia-hack-election-dnc.html), where we see “At least one computer system belonging to the D.N.C. had been compromised by hackers federal investigators had named “the Dukes,” a cyberespionage team linked to the Russian government“, so even if we question whether this is a Yay or a Nae, the issue is that the DNC is not the gemstone. Yes, most foreign governments want to see in what direction policies are likely to go. Which is why people like Marine Le Pen are getting monitored and not just by the French. You remember the earlier quote “giving the intelligence community 60 days to come up with options“? What if that has been rolled out, don’t you think that both the Russians and the Chinese are a lot more interested in access to those systems (read: that data)? Now we see the dangers that Harold Thomas Martin brought to America, the fact that these intrusion tools are in the open and possibly in Russian hands. We now see that tools can be used against their collection points. They only need to open one port and slowly siphon data away. How much damage do you think that this brings. In addition, and this last part is pure speculation, as those Tridents rely on ‘targeting the missiles does not take very long‘ yet if the specifications come from the outside, can these tools interfere with that? Do not forget that “would normally be at several days ‘notice to fire’” implies that there is a track that the targeting goes through and only the final step is the most secure one. Can we even know how secure those previous steps are? Which tools have been pushed to less controlled civilian hands due to the entire Snowden debacle? What dangers has he placed us all in? We now see via the Wall Street Journal and The Australian that what is now published in 2017, I already covered to some degree in 2013, I was correct to the largest degree all along. We see the quote “According to a unanimous report declassified on December 22 by the house permanent select committee on intelligence, the investigation showed Snowden had “removed” 1.5 million documents“, with added “based on, among other evidence, electronic logs that recorded the selection, copying and moving of files“, another issue I raised due to my knowledge of SE-UNIX. The fact that he had done this over a period of 6 weeks implies that there is a level of what should be regarded criminal negligence concerning Intelligence matters which is truly unsettling. The fact is that this stuff went into the open void, the question was who else got a hold on that stuff? The Wall Street Journal gives one part I never had (due to a lack of specific knowledge). That part is seen in the quote “Since the NSA was created in 1952, Russia and other adversary nations had been trying to penetrate its Level-3 secrets without great success“, he fact that they clearly have access to some degree, both Edward Snowden and Harold Thomas Martin have made that a near certainty.

This now reflects back to the Lockheed devices. Consider that the UK has a different methodology regarding its missiles. If a test was performed through the normal track and if we accept that the Russians have to some degree Level-3 documentation ‘access’, when we also accept that they have a clear understanding on the PRISM system now and we already know that both China and Russia can interfere with data packages (read: transmitted data) whilst in motion, is it really far-fetched that they intervened (read: corrupted) the data meant for the failed Trident test? Let me reiterate, I am not stating they retargeted that missile as there are too many components they do not control, the package just needed to be corrupt to the smallest degree, which would get the missile into a wrong destination and then self-destruct. Now, as stated, this is speculative, yet based on data which after 3 years is now proving to be utterly (read: mostly) correct. Is the speculation that far-fetched? And Russia has every reason to scuttle the UK Vanguard units now before the newer and totally unknown entity HMS Dreadnought comes into play, as stated by other academics in this field that it is  ‘essential to assure the invulnerability of the deterrent‘, when that invulnerability is gone, what remains?

I can tell you that I might not be entirely correct, but I can tell you that based on 3 years of data coming true that my aim is a lot better than the latest Lockheed Trident missile, which was allegedly off by almost 180 degrees.

 

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The views we question

This is not a piece of me knowing, this is not a piece of me telling how it is. This is me questioning certain choices and certain actions. When we now see the actions as displayed by the press, is the press correct, was the press played or is the press playing us? To help to you in this, let’s start with two articles, both in the Guardian. The first (at https://www.theguardian.com/society/2017/jan/14/nhs-crisis-my-frail-mum-was-forced-to-wait-on-the-floor-for-eight-hours), where we see the emotional start ‘My frail mum was forced to wait on the floor for eight hours‘, I myself have had to wait in triage twice. This happens. There is only so much a hospital can do, as for the wait on the floor? When we see the first story appear we see “It was another seven hours before he went upstairs for an angioplasty and a stent. The A&E staff were under immense pressure, having to deal with far too many patients, but they did an amazing job“, now this person was from Worcestershire, famous for its Lea and Perrin’s sauce. In another case we see “It took 30 minutes for the paramedics to get there but when they arrived they were brilliant“, as well as “I don’t want to blame the paramedics or any staff at the NHS. They do a wonderful job and do their best to take care of patients when they arrive. But the issue is with the government and the lack of funding to our healthcare services” from that same person. Finally the one that is important here is “Dr Liam Brennan, president, Royal College of Anaesthetists: ‘These are no longer winter pressures, but perennial pressures’” with the added quote “In my 34 years as a frontline doctor I have never seen the breadth and scale of the relentless demands across the whole health and social care system that I see today“, in all this, this is the part that is in the eye of the hurricane, because, when we look back to Baron Kerslake, or as he is called in the House of Lords ‘bobby’ (assumption from my side). You see, he came up in an earlier blog, appointed as the Chair of King’s College Hospital NHS Foundation Trust. On February 17th 2016, in my blog article ‘Behind the smiling numbers‘, I wrote (at https://lawlordtobe.com/2016/02/17/behind-the-smiling-numbers/), “The title ‘Income tax must rise 3p to stop NHS ‘staggering from year to year’‘, which implies initially that the NHS needs £1.95m, which might be OK. Yet the truth is far from that, the text gives us that Lord Kerslake stated “Income tax will have to increase by at least 3p in the pound….”“, which is another story entirely (and first evidence that members of the House of Lords are gifted with a decent sense of humour)”, which came from a February article in the Guardian. Now when we consider The Royal College of Anaesthetists (www.rcoa.ac.uk), we see “Anaesthetists are qualified doctors who are registered with the General Medical Council (GMC). The first step towards a career as an anaesthetist is medical school. Undergraduate medical training normally lasts for five years and medical students normally graduate with a bachelor’s degree. After graduating, the newly qualified doctor enters foundation training in hospitals around the UK. Foundation training lasts two years and after the first year, trainees become fully registered medical practitioners. Through the second year of foundation year training, trainees apply for postgraduate training in one of the specialties, of which anaesthesia is one. Trainees can apply for the seven years anaesthesia programme or the eight years anaesthesia programme which includes two years of the Acute Care Common Stem (ACCS) programme. Trainees also have the option of completing dual Certificates of Completion of training (CCT) in anaesthesia and intensive care medicine. The dual CCT is similar in principle to achieving dual degrees and will normally take 8.5 years to complete“, so as we see staff shortages, as we see resource shortages, we also see something else, do we not? The quote from Lord Bobby, my apologies for this error, I meant Lord Kerslake, Baron Kerslake no less, it is my personal believe that harsher calls should have been made near a decade ago. In this former Prime Ministers Tony Blair, Gordon Brown and David Cameron should have made larger adjustments towards the NHS. Yes, we know that the Labour party bungled 11.2 billion pounds in that regard, but that was IT, staff is another matter and adjusting for those needs should have been done a long time ago. I have had an interest in becoming an anaesthetist a long time ago, if I had known the dire shortage then, I would have appealed and applied to Professor Peter Hutton in person in 2001. I might not have made it and unlikely I would have been able to do this, but I would have made the effort, a part I now see a failing Lord Kerslake with Lord Kerslake stated “Income tax will have to increase by at least 3p in the pound….“, I believe that if this is going to get saved, Prime Minister Theresa May will have to increase taxation to all working people by £1 every month as per January 1st 2016 and all pensions by £0.50 as per that same date. The treasury coffers will need to make a larger change, yet if anyone in House of Commons, the House of Lords or Parliament has any serious consideration to keep the NHS alive, that action is now needed. It is not unlikely that we will see a 2018 judicial public inquiry regarding the actions, practices, responsibilities and funding of the NHS. There is no telling which Lord Justice would be chosen, yet in these levels of failure, in these levels of events and the inhumane pressures that the medical profession is now under, brings a pain to my heart a lot more severe than a heart attack (I had more than one of those, so I know). The reason for all this is that there is a similar atmosphere all over the Commonwealth and if we want to prevent such a disaster in Australia, Canada and New Zealand, something needs to be done now.

The second article I mentioned was ‘NHS in crisis as cancer operations cancelled due to lack of beds‘ (at https://www.theguardian.com/society/2017/jan/14/health-service-in-crisis-cancer-ops-cancelled-nhs). The second line is the one that brings the beef to the table: ‘Hospital chief warns government must face the truth, as patients lose surgery dates with some only receiving one day’s notice‘, the question becomes how could this have come to such a dire place? You see, this is not just some refugee or illegal immigrant thing, this is what I personally see a categorical undermining of an essential support system. This is a basic view, but is my view incorrect? It can only be seen as such if there is a visible spike of 30%-45% of Cancer patients and I am fairly certain that actually newspapers did not make such a report. In this the quote “Today, writing for this newspaper, the chair of King’s College Hospital, London, Lord Kerslake, a former head of the civil service, suggests Theresa May’s government is not sufficiently in touch with the reality facing NHS hospitals and staff to appreciate the severity of the crisis“, in this I would respond is that Lord Kerslake left the needs of the NHS too shallow in his 3 pence required statement, perhaps I just got that wrong, but if I misread it, than who else did that very same thing? Yet there is another gem in this article and it is shown a little further down that piece. The quotes “Kerslake also sides with Simon Stevens, chief executive of NHS England, who last week questioned the prime minister’s claim about NHS funding“, “Dr Sarah Wollaston, chair of the Commons health select committee, criticised the government for blaming GPs for the crisis” as well as “She said in a tweet: “Pretty dismal stuff for govt to scapegoat GPs for very serious NHS pressures. Failure to understand the complexity or own responsibility.”“. So we have a few political fires going on and the fact that Prime Minister May reacted poorly is just one facet. The one that does matter is “failure to understand the complexity“, you see, it seemed to me for the longest of time that there was too much politicisation with the NHS, which is why I am referring to the essential need of a judicial public inquiry of the NHS. Why on earth has the NHS become so complex? Is that not a valid question too? In this world, is medical care and health care the one item on everyone’s agenda to keep that as simple as possible? In that, we see another part, in advance I will apologise for the upcoming ‘less’ civil words, but why the fuck is anyone handing over £340,000 to PwC? The headline from the Coventry Telegraph ‘Coventry and Warwickshire NHS chiefs fork out £340,000 for advice on how to SAVE money‘ (at http://www.coventrytelegraph.net/news/coventry-warwickshire-nhs-chiefs-fork-12436466), there is in addition a small part if each forked that over, or if this was a total amount. The fact that PwC, you know the ‘idiots’ involved in fallen places like Tesco and BHS, now they are advising the NHS? How much is that going to cost the tax payers after the initial fee that equals 13 annual incomes for most UK working citizens? The quote “The document, released in December, aims to address the need to bridge the local NHS funding gap of £267 million which will exist by 2020 if services stay the same in the region” gives rise to even more worry. Not only is the NHS a quarter of a billion short in roughly 1080 days in Coventry and Warwickshire, to survive they have to move? How will that aid the people in Coventry and Warwickshire? Will they end up with any health care at all, or will the local Romani Gypsies with oils and herbals need to be relied on? You think that I am exaggerating? If so, please feel free to inform me on how those two places Coventry and Warwickshire, with 340,000 and 550,000 people end up coming up short by £267,000,000 in three years? Well if advice comes at £343,000 on private consultants, that shortage might be reached rather quickly, but that is not the story is it? The story is how funding has failed and how much more it will fail over the next three years. So, as such, is my view as I personally see it of an essential judicial public inquiry that far-fetched?

In that part, the PwC will have more to explain. When we see: “The sum cannot be broken down as you request as the work was undertaken on a fixed fee basis but please note that the work was commissioned in line with government framework rates.”, what else was done, how many hours and what data was the advice based on? In addition we see that the payment to PWC LLP, who were commissioned by the STP member bodies to help to develop the STP between July and September 2016 (as quoted), so this Sustainability and Transformation Plan (STP) gives a solution, which involves:

  • University Hospitals Coventry and Warwickshire NHS Trust
  • South Warwickshire NHS Foundation Trust
  • George Eliot Hospital NHS Trust
  • Coventry and Warwickshire Partnership NHS Trust
  • NHS Coventry and Rugby Clinical Commissioning Group
  • NHS Warwickshire North Clinical Commissioning Group
  • NHS South Warwickshire Clinical Commissioning Group

It now becomes a question on where the trimming would need to be, more important if there is an upcoming shortage of a quarter of a billion, is there an oversight of what has been billed, what has been received and with three commissioning groups, should we fear what kind of a gravy train is running here. How many clinical commissioning groups are there in the West Midlands? If every county has one, how much in payments go into those clinical commissioning groups? These are all questions that are not heard by too many places. I think that there is an issue, I am not sure if what I am raising is an issue, but with only part of West Midlands, if they are short by a quarter of a billion, what shortages can we expect to see in Herefordshire, Shropshire and Staffordshire? Consider that the West-Midlands is around 5.8 million at present. Implying a lot, that part you should realise when 15% of a West Midlands is cause for a quarter of a billion in shortage, where is the rest of West Midlands at? Is that such a weird question? Even as there is absolutely no fault to the medical practitioners themselves, there is a fair bit of uncertainty regarding the governance of the medical profession and the governance of the NHS trusts. It is the scent of silence. In this I equally blame the Labour party as they did not change direction funding the NHS as it should have. Now, we know that the financial crises has hit everyone, this is a fact of life, yet the issue we see when the Guardian quote “saying that the real amount of extra cash being given to the NHS in England between 2014-15 and 2020-21 is only £6bn and even that much smaller sum has only come from cutting spending on public health programmes and medical education and training by £3.5bn” was given on October 31st 2016 also implies the partial pressure we see mounting. by cutting £3.5bn on medical education and training, we can see one headline, namely ‘NHS in crisis as cancer operations cancelled due to lack of beds‘ as it changes into ‘NHS in crisis as cancer operations cancelled due to lack of qualified surgical staff‘, when some of these specialists require 8 years of training, that view is not overly pessimistic, it is an actual reality that the UK could be facing from 2019 onwards, yet for how long cannot be predicted because the changes in policy are unknown and they will largely influence for how long this problem will continue, as well as it will continue to grow as a problem.

In light of this, perhaps a light hearted alternative? When we see the BBC (at http://www.bbc.com/news/uk-england-35121632), how long until politicians will consider: “Nearly 1,500,000 people were killed this year as part of the government’s NHS sustainability cull“. You see, if we do it to the badgers, how long until people are on a similar list to create convenience?

 

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Back to the Future politics

I have nothing against Jeremy Corbyn, I just don’t think he is particularly well at what he does, which as a conservative is pretty good news for me. Yet, when he loses the plot to the extent the Guardian implies he is, we need to worry about the minimum quality of politicians. Could it get any worse (I so hope Labour proves me wrong). The article that sets it off is ‘Corbyn says May must come clean over UK-made cluster bombs‘ (at https://www.theguardian.com/world/2016/dec/22/jeremy-corbyn-theresa-may-cluster-bombs-uk-saudi-arabia-yemen). Now, normally it might be an issue, yet the actual issue is set in the following quotes and lets dissect them one at a time: “why it took so long for the government to establish that British-made cluster bombs banned by an international treaty were dropped by Saudi Arabia in Yemen“, so the Prime Minister of the UK is required the explain the acts of a sovereign nation that is not the UK? The missing part is given in the next quote “cluster bombs sold from the UK in the 1980s had been deployed in the current conflict in Yemen“, so Corbyn isn’t wasting everyone’s time with the particulars of another sovereign nation, no, he’s doing it in regard to weapons sold 30 years ago. Basically, he is advertising that the Labour party has no actual real issues to deal with, so they go back to the age when the labour party was a lot better than now, yet we all still felt safer with Margaret Thatcher being in charge, at least that is still a consistent truth today. So it is at this point that we see the reason why the Labour party might have hit rock bottom. The quote “The use of the cluster bombs is particularly controversial because the UK is a signatory to the Ottawa convention banning their deployment or assistance with their deployment, although Saudi Arabia is not“, Some might state that it is a big thing, yet realise that it was signed in December 1997 and it became effective from March 1999. So we see the mention of a treaty that came in effect close to 15 years AFTER the items were sold. This implies a few things, like retroactive things on sold items. So how stupid is this?

By the way, the one who fired the weapons never signed the treaty, so there is that too.

Now for the part that matters. There are over 30 nations that produce cluster munition. So, there are now two issues. One, did Saudi Arabia fire weapons sold 30 years ago? Were the weapons retrofitted for the planes that Saudi Arabia is using at present? If not, can we agree that there is a chance that more up to date bombs have been used, possibly not made in the UK? By the way, the issue given is that the US is also not part of the Ottawa treaty and the fact that the US has been supplying the planes (read: F-15). Is there any chance that the US would have been delivering the boom stuff too? No idea whether this would have been a Raytheon or Northrop Grumman item perhaps? I do not know, but I do know that asking Theresa May would not be on my list, mainly because she is likely to know sod all of weapon systems. There would have been the tiniest spark of intelligence if the question had been addressed towards Sir Michael Fallon, even if 30 years late, he could have looked into this. So, as we agree that the use of cluster bombs would have been known for some time, the fact that it is not up to the UK to speak on the actions of Saudi Arabia makes equally sense.

Even if we agree on the sensibility of the quote: “Even the US has suspended some military supplies to Saudi Arabia. Why can’t we do the same?” Well is that actually true? Don’t forget that the suspension could be lifted on January 21st after a new president is in office. So, the UK is now requested to cut the outstanding 22 planes (read: Eurofighter Typhoon). How stupid in this day of economies is that? First Labour squanders 11.2 billion on NHS IT that never worked and now they want to stop the UK economy to pick up? An act the French would love, but it seems to be really weird to stop one nation to get a plane that well over half a dozen nations are getting. Yet, in all this, I personally get the feeling that Jeremy Corbyn is not the most logical thinker of all time. He reminds me of the expression: “He’s stupid, but he’s not stupid, you hear what I’m saying?

Oh and the connected quote in this is even more hilarious “there has to be a political process to bring about a ceasefire as there does in Syria“, we can ignore the typo here, as I am more interested in the event of a ceasefire in Syria, when was there one and for how many minutes was it ever honoured? I think we can see the wind blow from an anal direction, smelly, unwelcome and extremely unhelpful, except for the person who is doing the farting, especially if it was after a few bowls of chili and cheesecake. The quote “They said the reported use of cluster bombs “calls into question the coalition’s wider respect for the rules of war”” is actually quite interesting. It is so for two reasons.

In the first, the Saudi Arabia never ratified the Ottawa treaty and neither did America for that matter, which makes me find the entire matter moot to say the least. In addition, I have been to the Middle East, not to Yemen mind you, yet the issues as seen in Libya, Yemen, Gazah and Syria shows that the lines of war are blurry to say the least, whilst not inaccurate, or improper, the ‘rules of war’ tend to be a bit of a ghost reading when we consider any war in the middle east. Even when fully part of a government, distinction of combatant and non-combatant quickly goes blurry, Beirut is equally a nice example in the 80’s. And what does that mean ‘wider respect for the rules of war’, he did not state the articles of war, giving way to a few more issues that bubble to the surface. More important, which accords (read: treaty) did Saudi Arabia sign? So as everyone is accepting the blind accusation of the use of British munition, which could be valid, the fact that the deal was made 30 years ago takes it all from the table. From my side, there is no clear evidence that if this stems from the 80’s that it is those delivered bombs (if they were of the cluster type) has no way of actually knowing what origin the used cluster munition had. And after they went boom, it might be impossible to show the original maker of the device that went boom. The last is a speculation from my side, yet overall, how wrong am I?

So as we see that Labour wants an early election and on how Jeremy Corbyn will hold nationwide ‘economic policy conferences’, will he also be raising issues that are 30 years old? Will we hear the story of the squandered 11.2 billion pound NHS funds? Or will he get united support by the financial industry on how important the single European market is? You know, those people who have everything to lose when they need to become competitive instead of having a 27 nation agreement where all get the maximum charge out of pension funds everywhere? I am merely asking. In addition, perhaps we will get info how the British economy is so much better served by not charging Saudi Arabia 2.3 billion Euro, so that France can. Let’s be honest here, I have no issues with the vote to halt delivery of weapons to any nation, yet to do it on a delivery done 30 years earlier is equally disturbing, especially as there still unanswered questions regarding the amount delivered and more important when the cluster bombs were delivered, for which plane were they meant?

Jeremy Corbyn should be making a lot of people really nervous. A person that is too little regarded in his own party is likely to be removed from his own office within a week of winning, so as we then see infighting and no results whatsoever, we see a stagnant economy fold and it will only benefit those who want to increase their stranglehold on the British Economy. The UK cannot afford this. In that regard having UKIP run the nation might even be safer, a bolt and dangerous statement to say the least. What we can see is that Labour no longer has what it takes. Let me just ask one last question to Jeremy Corbyn: “The £11.2 billion squandered on a non-working NHS IT project. Can we have it back please?” There is unlikely an answer forthcoming and more important, he has absolutely no clue where that kind of money from. Oh and let’s be clear what is starting all this, an event that is 30 years old! #JustSaying

 

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Gimme some Sugar

In the week where we saw the disgraceful act by Sam Gyimah, a British Conservative, who made sure that the wrongs against gays in the past remain, he filibustered the meeting, so that the Gay population will be stigmatised a little longer. Hiding behind “We have developed a way to do this without giving any perception that the pardon covers perpetrators of sex with a minor or non-consensual sex“, whilst it has been known quite clearly that there is no pardon for acts that are still criminal. We could ask if he has had non-consensual sex lately, because that might give cause for confusion. As I see it, this seems to be nothing more than the shameful act by a homophobic government representative. Yet that is actually not the worst what is happening. You see, George Osborne has had a few decent ideas and one of them was the Sugar Tax. The information that we get to some extent (at https://www.theguardian.com/lifeandstyle/2016/oct/21/soft-drinks-industry-lobbies-government-dilute-scrap-sugar-tax), shows the information that “Research has found that drinking more than two sugary or artificially sweetened soft drinks per day greatly increases the risk of diabetes“, which would be worrying enough for most parents on the best of days. In this age of obesity, something needed to be done and the Sugar Tax would be one way of doing it. Is it the best path?

That is a fair enough question, and it could have been debated if the large corporations had actually done something, but they did not. They were in it to maximise profits. One could argue that the soft drinks companies are the new cigarette companies. The information that we get from all kinds of debatable sources is because the media at large refuses to properly inform the people. It is the old story of what I regard to be ‘whoring for advertisement‘ that is part of all that. The initial news (at https://www.theguardian.com/uk-news/2016/mar/16/george-osbornes-sugar-tax-economic-fears-budget), gave us the goods that when we see the Sugar Tax as “eventful by any standards”, you better realise that there will be plenty of opposition.

But that is not the biggest issue in this. The article that drew my attention gives us the following parts. “Health campaigners in favour of the proposed soft drinks industry levy said they are concerned that neither Theresa May nor Philip Hammond has personally spoken out in support of the tax since coming to office“, the fact that this gets delegated to junior ministers gives rise to the fear that things will get bungled and that implementation will be delayed or just blatantly rejected. This article also has a few issues. One of them is “At a drinks party at the Tory conference sponsored by the industry, a spokesman for the British Soft Drinks Association pleaded with Greg Clark, the business secretary, and MPs on the Conservative Reform Group to drop support for the levy, saying it would harm small businesses and cause job losses at a difficult time for the economy“. The first clear issue is who exactly was this spokesperson?

So, I decided to take another look and my first impression is that this BSDA reads like a joke (I have an evolved sense of humour, often intensely inappropriate). It starts with Health ‘Helping our consumers reduce their calorie and sugar intake‘. It comes with the picture of a woman you want to fuck six ways from Sunday on a daily basis. So we see nameless products with labels like Product Innovation Sugar Reduction and Smaller pack sizes. At this point you wonder what you are in for, in the ‘UK Economy section’ we see how £11 billion was added to the economy. This sounds so nice, but where was it added to the economy? Being THEIR revenue? That is aid to them, but is it truly aid to the UK economy? This site just reeks like corporate marketing in what they call a ‘non-profit coat’ and it is high time some changes are made.

From my point starting by adding to the sugar tax would be a great idea.

You see, the executive council of the British Soft Drinks Association (BSDA) includes Pepsi, Lucozade, Coca Cola, Red Bull, Tropicana and a few others. Many of them not paying heaps of taxation in the UK, Coca Cola avoided £102 million in the UK in 2012 (I have no clear numbers from the years following that) and was mentioned recently as one of the 50 stashing a total of 1.3 trillion off shore. It is time to stop enabling these large corporations, because this is one of the main reasons the NHS can no longer continue the way it did. If there was no large scale tax evasion, the sugar tax would never have come into existence.  In addition, stories on what Diet Coke apparently seems to do to the human body and the relentless support from the media through not illuminating it, because of the advertisement they represent. So for the most, many people, perhaps even better stated most people are unaware of certain cause and effect issues seen due to the usage of what we now laughingly refer to as the ‘diet fuzzy drinks’.

So now we get back to the lady on page one. You see, if the members of the BSDA are not doing their part other than hiding behind statistics, changes will be required. So if we need more physical exercise the BDSA can send their fitness/yoga outfitted lady to my address where I can lose 15,000 calories a day through consensual sex (when doing it 3 times a day that is).

Is this thought too inappropriate?

I think the BSDA is a hatchet job in this age of marketing to serve the interest of large corporations and their needs. Their needs being profit and only profit. The issues of the BSDA is just like the acts of Sam Gyimah. They are legal and part of the political life that needs to be frowned upon. The fact that the BSDA a non-profit organisation is bombarding advertisements with added twitter stories from a ‘Tunbridge Wells newsagent‘ whose business will be ruined by sugar tax. If that is truly so, perhaps they should try to sell newspapers. The fact that their business survives on sugary drinks is a bit of an issue, as they tend to be over 150% more expensive then the nearest supermarket. Just a thought!

These levels of marketing require a lot more scrutiny and no one is stepping to the plate to do so. A harsh reality of big business in charge. Yet, there is more, the BSDA reports on one of their pages “‘We are pleased that the latest NDNS data shows a decline of over 8% in teenagers’ sugar intake from soft drinks between 2012 – 2014“, which is a statement that might be true, but where is the data? The second statement is one I have a definite issue with. The quote “Soft drinks companies have taken significant action to help their consumers reduce their sugar intake since the NDNS data was collected over 2 years ago. Independent analysis confirms that sugar intake from soft drinks has been reduced by over 16% in the last four years“, I believe this to be incorrect. You see Coca Cola is as ‘sweet’ as it ever was, so were most other drinks. So here we see the switch from ‘sugar’ to these ‘diet’ drinks and the dangers there have been avoiding visible presentation and scrutiny from the media at large, because they are nowadays too much about circulation and advertisement. Then the page goes one step further and states “we understand there is more to do and only last year we set ourselves a 20% calorie reduction target by 2020“, now it is suddenly about calories? calories are mostly from sugar, meaning that this is about alternative ‘additives’, they might not show up on the calorie list, but there is enough worry to consider that it will show a long term effect on the human body. No one can know for sure, which is a truth in itself, but the fact that there are long term considerations and the fact that the almighty US FDA is suddenly way too quiet and we see certain aspects, we now also see that the FDA is now no more than a valve of corporate discrimination as to what is considered safe, set by who is bringing it to market. Is that not an interesting development? The fact that we see in this place that “A 2010 Yale Journal of Biology and Medicine review of the literature on artificial sweeteners concludes that, “research studies suggest that artificial sweeteners may contribute to weight gain”” (at https://usrtk.org/sweeteners/diet-soda-fraud/), whilst the media is too quiet is equally disturbing. The fact that the BSDA is all about promoting the biggest ‘dealers’ in sugary substances (with the clear exception of the British Sugar at http://www.britishsugar.co.uk/), seems to be pushed slowly into the background of the issue. The issue was the sugar tax!

So what economy is brought into danger? When we see Coca-Cola Coke 1.75L £1.71 and Any 2 for £2.00 (Source: Tesco), either the margins are astronomical, or Coca Cola is giving away their profits, what do you think is more likely to be the truth? So when we include taxation and Cola becomes 2 for £2.20-£2.40. Considering they are giving the second bottle for only £0.29, are they really in danger? Are any of those soft drink manufacturers in actual danger? No they are not, because in the end, there is a group that will stop getting the second bottle, yet in my pragmatic view, it is more likely that families will now only get this article twice a month instead of weekly. Which would reduce the sugar intake by a massive amount. Also, in light of the BSDA statement that teenagers were reducing intake by 8%, now consider that we see that Coca-Cola Coke 1.75L contains 29.0% sugar. How likely is that the 8% is just a weighted average and that the numbers are not that positive? I am using Coca Cola as an example, yet when we see that regular Pepsi contains 31.0% sugar, it seems clear that I have a case here. Now Pepsi might come with the response that their revenue comes from the Pepsi Max drinks, yet here we see ‘Low Calorie Cola Flavoured Soft Drink with Sweeteners‘ and ‘Contains a Sourced of Phenylalanine‘, with twice the sentence: ‘contains no sugar’. Yet the mention made me search and WebMD has this (at http://www.webmd.com/vitamins-and-supplements/phenylalanine-uses-and-risks). The warning is “Doses higher than 5,000 milligrams a day can cause nerve damage“, which sees like a really dangerous issue (and a massive dose is needed), yet there is no mention at all how much is in Pepsi Max, only that it has 0% sugar (on the website). In addition, the risk mention is “And use caution in taking phenylalanine if you have: High blood pressure, Trouble sleeping, Anxiety or other psychiatric problems, Also, it is unknown whether this supplement is safe in women who are pregnant or breastfeeding.

That is a lot of risk groups, knowing that high blood pressure is a risk group here and also considering that “Approximately 16 million people in the UK have high blood pressure” (source: NHS UK) gives us that 24% of the population is a risk factor, so in my view, at that at this Conservative Tea Party (where tea is unlikely to be served), it seems to be sound advice that representing Pepsi, Mr Mark Elwell – PepsiCo International, remains quiet as a mouse. It seems to me that his conscience is better served with the Sugar tax in place, but that is just me speculating.

So here we see that those fueling the NHS customer base, are mostly all about not having to pay any bills in this matter. I think that the people forgot the 2004 movie Super-Size Me. Even as this was mostly about McDonalds, the fact that we are supersizing ourselves with that second bottle at a mere £0.29, we are doing the harm to ourselves. It is more than just taxation by rescuing us from ourselves. The Soft Drinks industry has the ability to throw millions in advertisement on a playful and sporty youth, yet they are not representative of this healthy life style, not to the degree it should be and that is the real danger. The fact that the BSDA spin machine is running at full power and that the image at present is that Prime Minister Theresa May is not taking this as serious as she should (by setting this agenda on the collar of a senior Conservative) is equally disturbing. You see, if the sugar tax is watered down or stricken off, she has absolutely no rights to deny the NHS the funds they need and she will have to order the current Chancellor of the Exchequer, The Right Honourable Philip Hammond to find those needed funds. In my view, good luck to that tall order, because there are almost no margins left to play with, the Sugar Tax was the first real step in creating some level of margins (to the smallest extent).

We have to admit that the BSDA has a right to do the things they are doing, they aren’t breaking any laws, yet the linked issues are there and the press overall for one isn’t doing its job to the extent they should be. When we see the end of the initial Guardian article, we see “The charity Action on Sugar has said the tax will have an impact on intake because people respond to price, but the government has said it wants the cost of the tax to be borne by the industry and not consumers“, there is truth in that and there is misleading parts in that. That is, when we widen the statement ‘the tax to be borne by the industry‘. You see, tax law overhaul is the only way to do this, the sugar tax will have an impact to the margin of profit making the industry increase the prices. That seems just mere logical. However, if we can make people reduce the purchase of these drinks, that too would be a positive effect. Any chance in lowering the intake of sugar and artificial sweeteners would be a massive win for the population of Britain. The fact that the government saw raising prices as a solution for the tobacco industry and not for the soft drinks industry is also worrying. You see, there is a direct health risk, so making these lemonades unaffordable would make sense, the fact that this isn’t treated as the dangers they represent, just like the denial we saw in the 80’s on tobacco is cause for distress and reason for debate. The only interesting ‘coincidence‘ is the quote in the Guardian, which is “The link between sugary drinks and obesity has been well documented with evidence suggesting they account for 29% of 11- to 18-year-olds’ daily sugar intake” and this is exactly the amounts of sugar that Coca Cola has in its bottles. Life is full of little coincidences, isn’t it?

 

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The other reason

Well, several of my friends are having their birthday tomorrow, so as a good friend I will call them sing happy birthday and as they ask in confusion why I was singing, I will remind them that it is world animal day tomorrow, because that’s how I roll. Today is not about the issues perse, but about the way some people go about getting to it. They claim to be all uppity up on morals, yet in a political paintball fight, there is no art, there are just people covered in paint on both sides of the political isle and as the press is steaming their systems on emotions, to maximise the circulation of whatever they are proclaiming. The bulk of the people go along with the rollercoaster ride and ignore the issues that play.

[1] To Tax or not to

In the first we get ‘the biggest crisis yet: Trump campaign reels after tax documents published‘ (at https://www.theguardian.com/us-news/2016/oct/02/donald-trump-income-tax-returns-published). In this most will see “The campaign offered no specifics about how much Trump may have paid in these taxes, or when“, yet the issue that is in play in all this is “the anonymously leaked tax returns reveal how Trump used aggressive accounting tactics and the failure of several businesses to claim a loss of $916m in his 1995 personal filing“. This gives clear evidence that the documents as published were illegally obtained as well as the quote from another article “Bernie Sanders, once Hillary Clinton’s opponent for the Democratic nomination and now a supporter of her campaign, said the report was evidence of “a corrupt political system in this country”“, the second article was linked to in the first article and was released only a few hours earlier. Yet, in what manner was, as Bernie Sanders stated, a corrupt political system? If the Tax office was the source, than his own party needs to be put under scrutiny. If his statement refers to the tax loops, again, his own party and 2 administrations before this In those times both Bill Clinton and George W. Bush did not really make any improvements to the taxation system and the current president is even worse, for the mere reason that he had to deal with a massively hit economy, so overhauling taxation and a 19.5 trillion dollar debt would have been a first instance. The total debt is about to surpass the WW2 debt the US was in, no political party has ever been so bad for a nation and there is no way that improvements are around the corner any day soon. The fact on how these documents were obtained remain a question, even though nobody wants to actually find out where the leak was and whether it was a government worker, is that not interesting too?

So as everyone seems to be condemning Donald Trump for not paying taxes, everyone seems to forget that he did nothing illegal (as far as we can tell at present). The US Tax codes allowed him to do these things, so you only have yourself to blame. If the people had united for a better tax system, it might have happened if the electoral system had made it very clear who can truly redo the tax system, because it will take years to do and neither Hillary Clinton nor Donald Trump are running towards that race any day soon.

[2] Last Exit to Brexit

When we think of the March Hare, we tend to think of Alice in Wonderland, so one quote can be used when we add one little word. The quote is “The March Hare will be much the most interesting, and perhaps as this is Theresa May it won’t be raving mad – at least not so mad as it was in March“, I reckon you guessed it, I inserted the word ‘Theresa‘, isn’t it interesting how profoundly correct one sentence was in a book, published in 1865. On that same year, the NY Stock Exchange is opened near Wall Street. You see, this all tracks to two events. The first is ‘What will happen now timescale for article 50 has been revealed?‘ (at https://www.theguardian.com/politics/2016/oct/02/article-50-timescale-theresa-may-brexit). Before I give the quote, there is something you need to realise. I stated it almost 4 years ago. In the time when the press was giving us quotes on how Greece could be taken out of the Euro and even out of the EU, all the time people ignored my words, going for those high hearted words on how it was all going to be ok. How deceived the readers were on options for Greece that never even existed. Now we get the current quote “As the man who drafted it has said, the EU’s divorce clause was never meant to be triggered: article 50 was inserted into the Lisbon treaty purely to silence British complaints that there was no official way out of the union“, so basically, the words of self-govern has been a lie too! So how to see this Brexit? A hard one or a soft one? It seems that we are discussing eggs and how they are boiled. So as we are getting close to that date, we see too many voices all making claims on how this single market is the solution. For who? The people, or big business, the same people who make the claims they make and pay no taxation for it, but they still want all their surpluses and bonuses. The next quote is “As Steve Peers, professor of EU law at the University of Essex, points out, article 50 goes on to define three distinct stages of that withdrawal process. First, the council, in the form of its chief Brexit negotiator, Didier Seeuws, and the member states it represents – without the UK – must agree the broad guidelines for negotiations.“, the rest points out a few more things, important to know is that the elections in France, Germany and the Netherlands will have additional consequences. France will see a possible triggering of Frexit. It is a certainty is Marine Le Pen makes it and it is still an option when the others get elected. Only if President Hollande gets re-elected is the danger of Frexit nearly nullified, but the French population is getting more and more on the Frexit pile. Nicolas Dupont-Aignan is not in favour, like David Cameron he is about changes to the EU, another one that is likely to fail, yet in the current predicament, the EU will need to choose very carefully as nations all over Europe have had enough. The nations more loudly opposing are those not contributing and seeing their Gravy train taking a new course, one that they are not profiting from. Now, I am not trying to be harsh on them, for that would not be correct in several ways. Yet the entire social situation where 6 nations are paying the bulk for a lot more nations is the issue that hits many nations and after the economic meltdown these places faced with the knowledge that many nations are facing internal struggles makes matters worse for the EU. In the need to be an outdated vision of a social impossibility, they are confronted with nations that see no future in these failings. Matters for Germany will be even worse if the Deutsche Bank melts down too. It is not really likely or realistic, but in all this it is still a consideration to make. The next part we see in Reuters (art http://www.reuters.com/article/us-britain-eu-amato-idUSKCN1012Q8), the headline ‘Father of EU divorce clause demands tough stance on British exit‘. When I read ““When it comes to the economy they have to lose,” said Giuliano Amato, explaining that only then might the British reconsider abandoning the world’s largest single market“, it seems clear to me that Giuliano Amato can’t have been thinking clearly (or he was grossly misquoted). You see as a professor of Law at the University of Rome La Sapienza he should have learned the following:

  1. The Harm Principle states that laws exist in part to protect people from violence and abuse.
    Yet in this, I wonder if the law fell short when it regards the need of protection from economic exploitation through big business.
  2. The Morality Principle states that another reason for laws is to advocate a sense of morality.
    I think that as we see the non-prosecution on Wall Street and the tax loops and non-taxability that this side of the law has been receiving epic fail marks for some time now.
  3. The Donation Principle explains the importance of the government using laws to grant certain services and commodities to society and the individuals within it.
    There is a need for this, I will not oppose this, yet whilst governments are too deep in debt to resolve their economy, whilst the laws they create do not hold corporations to account and whilst tax write-offs have not been properly dealt with for well over a decade, the laws again falls short.

In addition, the EU laws have been a farce for some time now and as such we need to make larger changes, the UK decided to abdicate from the EU alliance. In all this the EU still overspends by far too much. First there was the Draghi approach to stimulus through a trillion that has nothing concrete to show for it, now there is the Juncker plan, which initially launched in 2014, with a commitment of 630 billion, which has to show that up to now, projects worth 116 billion euros have been approved, yet what is there to show for it and whom have seen the positive results? When we see the quote in ‘thecorner.eu‘, with the mention “These correspond to Grifols (which specialises in the pharmaceutical and hospital sectors); Redexis Gas (natural gas distribution) and to two credit lines from ICO, one of which is for an infrastructure investment fund“, so a Spanish player has a pharmaceutical, natural gas distribution and two credit lines. The quote “The Redexis Gas project requires an investment of 360 million euros and the EIB has committed to financing 160 million. The question which many experts ask is the following: Did Grifols and Redexis Gas need a ‘Juncker Plan’ to finance projects with these kind of characteristics? The overwhelming reply is no“, so we get to support high end solutions that have absolutely no impact of any serious nature on the Spanish population. Who on earth is Juncker catering to? More important, it is my personal impression that this 630 billion is set aside for certain large players, whilst the economy can only truly be started by the smaller players. Now, this could be an absolutely incorrect on my side, but when we see pharmaceuticals with their multi trillion options left right and centre. Is Juncker truly catering to the population of the EU, or just to himself and a chosen few friends? It seems unfair to state it that way, but cannot find another way to make my statement.

Two events, all overly published, yet in one case we see the law failing because it could not restrict, the other case shows a law that tried to work like a Venus flytrap and not let anyone out. The near perfect corporate trap for exploitation. The fact that these issues haven’t seen proper illumination is even more upsetting. We see parts, yet unless we look into the different articles, we are basically being kept in the dark to some degree. It is the degree that matters here. To the majority it needs to be clear that tax overhaul and tax legislation is an essential need in several nations, it is needed with the nations considering the European party and those who want to keep on dancing. In reality only France is the real issue at present, the Netherlands has support that is slightly below 25%, France was very high, but there is no latest polling data on this, so it is possible that it might be averted. In that regard Germany is now the big issue. If the Deutsche Bank collapses (no idea on that chance), it has every likelihood that people will flock towards a no EEC Germany, yet the amount of shifting can at present not be predicted to a decent amount. The impact of the first part is that the next President needs to take a hard look at corporate exploitation. There is no expectation that either side picks up that responsibility, but if it is not done, the debt all over the world will be a lot higher than any gold reserve on this world is able to deal with. In the second, we see a Europe that has no comprehension of what is to come, which makes sense to me, because this has never happened before. Yet the amount of non-preparedness we see, even though Brexit was clearly in the air for a year shows the sentiment that Giuliano Amato voiced a view that the members of the EU commissions seem to have ‘You can check in, but you can never check out!‘, yet this is not a Hotel in California, this is as I stated a Venus Flytrap where the fat cats walk by, the rest is just food for thought at best.

In the end, it is a speculation (mine) that the world, at present, will be better off with the Democrats winning, but not by a large margin, not this time. What is also food for thought, is that this would be the first time, where a man (and former president) gets to be the first lady. They would be the only family having been placed in both White House roles. Which is at present a better reason than any reason the political speakers are giving us, because in 3 administrations, they did nothing more than fumble the ball and left the American people with an outstanding invoice approaching 20 trillion.

 

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Run Michael Run!

 

Our David met Goliath, ehh, I meant Brexit and took a dive. He did not slay the Brexit, but that in itself was no real reason to quit. Let’s face it, the people are losing more and more hope regarding the validity of a united Europe. The one issue that requires addressing is wholeheartedly ignored all over Europe. Now, we see all over Europe messages like “the spectre of a “Frexit” now hangs over France” (at http://www.irishtimes.com/news/world/europe/frexit-to-be-major-issue-in-french-2017-presidential-campaign-1.2703237). Which is not even the most important part. Nexit seems to have been avoided when we see “A narrow majority of 53 percent of Dutch voters are against holding a referendum on whether or not the Netherlands should stay in the European Union” (at http://www.nltimes.nl/2016/06/27/dutch-narrowly-nexit-70-low-educated-favor/), which is only marginally good for Europe. You see, the issue that drives these exits are not being dealt with. Frexit remains an issue as the majority in Fr4nace is now in Favour of a referendum, that majority is surpassing the 60% line. Nexit remains an issue as the far right party PVV is steering the same course as UKIP. Yet there is one difference here. The PVV is currently the largest party, it is actually larger than Dutch Labour (PvdA) and Dutch ‘conservatives’ (CDA) combined. The only part is that what might be regarded as ‘Dutch Liberal Democrats’ (VVD) is in second place and they can unite with either PvdA or CDA to stop the PVV party led by Geert Wilders. So when it comes to Nexit, there is a larger danger as PVV is all in favour and there is a lot of support within the constituency of the other parties too. Even as the media is ‘hiding’ it behind the fact that low educated people are in favour of leaving the EU, the truth is that most politicians are too cowardly to speak out against the gross overspending of Mario Draghi in addition to most of these governments remaining unable to get their budgets in order. I personally regard this as the number one fear that people have. The next generation is handed a debt of too many trillions of Euros. Grexit is in no way the main reason, the wrong actions that have ruled a non-Grexit is the other reason people want out of the EU, but they do not seem to blame the Greeks, only the non-acts by all parties that should have decided to push Greece out of the EU and find a way outside of it to support growth and stabilisation. Now, that path is no longer realistic and the masses are all upset of non-actions.

These elements will all affect the UK. Even now as we see “Deutsche Bank AG is the riskiest financial institution in the world as a potential source of external shocks to the financial system, according to the International Monetary Fund” (at http://www.theaustralian.com.au/business/financial-services/deutsche-riskiest-bank-in-the-world-imf/news-story/4ed1043ffdf76cb26324b531dd0f3171), certain events that have not been properly dealt with will all hit the UK one way or another. Now that the German economy is getting a downgrade, which the IMF states is due to Brexit, but that is not entirely correct!

You see the quote “Britain is an important trade partner for Germany, and significant changes in the economic relationship between the two countries will have repercussions for Germany” is one we could have expected, yet the falsehood of it is also a given. You see Germany has every option to broker an immediate deal with the UK. But the banking powers are now all about ‘procedures‘ and ‘leaving the EU‘, which sounds correct, but let’s not forget that these parties have looked at an optional Grexit for 3 years, is it not weird that any EU exit is not properly addressed? When you consider that, then consider why we suddenly get these new Grexit fears, fears that are considering the voluntary need of an exit would be unfounded.

In this primordial mess we see Michael Gove moving towards the leadership!

This is where I am in favour of Michael Gove taking leadership. We can see in the first part that Boris Johnson has his own agenda, which could be fair enough, but it is important to unite all the conservatives for whatever comes next, it is my personal view that Boris Johnson will not be the man to get that done. In another light we could conclude that Theresa May would not be the right choice either. Her dealing in the Abu Qatada case is one. I raised a few issues in my article ‘Humanitarian Law v National security‘ (at https://lawlordtobe.com/2013/03/10/humanitarian-law-v-national-security/), in addition I will be the first one to state that this is not all on Theresa May and that the office of Dame Stella Rimington (MI-5) needs to take a truckload of the errors involved, his entry on a forged passport happened on her watch. For me the strongest issues were shown in 2014 (at https://www.theguardian.com/uk-news/2014/sep/02/theresa-may-political-correctness-rotherham-abuse), the Rotherham scandal left its mark, the entire matter as blamed on  “institutionalised political correctness” leaves us with a nasty aftertaste, the fact that too many sides that are non-prosecuted will stain (illogically and wrongfully) the coat of Theresa May and as such, she would not have the gravitas she would need to be a successful leader of the Conservative party.

Michael Gove gave himself a boost with the letter that the Independent printed. His 1500 word essay (at http://www.independent.co.uk/news/uk/politics/eu-referendum-michael-goves-full-statement-on-why-he-is-backing-brexit-a6886221.html) gave the people something to think about. I reckon that the well thought actions of Michael Gove, with the added distinction of Mark Carney could be what the UK needs to move forward faster. I believe that the indecisiveness of the other players outside of the UK will only give more strength to these two power players. The UK must move forward and the Conservatives are still governing. This is unlikely to change as Jeremy Corbyn is now contested as leader as we see Angela Eagle picking up the momentum to remove Jeremy Corbyn. As a conservative I will not mind, you see, whomever ends up in charge of Labour, the Conservatives will end up being in a better position either way, the division that these two players bring to the Labour party will be equally a blessing for Tim Farron, the Lib Dems could profit of this infighting in no small way. Tim Farron has in my view a few other issues to deal with, but those would shrink if he can grow his party fast enough.

This gets us back to my Conservative party, likely under leadership of Michael Gove. Unity is for all parties a need and there is a mess with Brexit to deal with, which is exactly why I think that Tim Farron’s call to undo Brexit is a lot more dangerous, especially as 3 nations are now considering and aiming to secede from the EU at present. Michael Gove is in my view the strongest runner for the conservatives at present. Yet, we must accept that there are a few flaws in that case. Even if we ignore the popularised expression ‘50 shades of Gove‘, we should not ignore the Financial Times (at http://www.ft.com/cms/s/0/ca079702-392d-11e6-9a05-82a9b15a8ee7.html#axzz4D3Y8IePA), where we see “a slogan without substance is a flimsy platform for future success“, which is true when it is just a slogan, a 1500 word essay is another matter. From that point of view, Michael Gove is pretty much the only contender left standing. The quote the FT has at the start “One thing has become clear over the course of the UK’s referendum campaign, and even clearer since the Brexit vote: no matter how you define leadership, this isn’t it” is equally matter for debate. It could apply to the callously shabby way Boris Johnson took it, yet in all that Michael Gove gave clear reasoning. The part that is equally interesting is the fact that the Financial Times did not dig into the real pain the UK people had, by not leading that part, we got to the place we are now. The FT also states “Plenty of companies are now scrambling to adjust their plans because of the unexpected outcome. They are guilty of a lack of foresight“, which is true, but it is equally the arrogant consequence of anticipated outcome through the bullying of some of the players. One example was Citibank and how they would ‘move’ operations if Brexit became a reality (at http://www.cnbc.com/2016/06/09/citigroup-warns-staff-of-brexit-risk-to-uk-operations-report.html), in my view I state: ‘Well James Bardrick, you got you’re Brexit, so would you kindly fuck off towards Germany, France or the Netherlands!‘ and please do so by the end of next week!

You know, I reckon that they will remeasure their actions, because Frexit is still a possibility Nexit is not definitely averted and the Deutsche Bank as well as the German economy would impact whatever you shift towards Germany. In addition, the changes in India and certain shifts all over Asia Pacific requires a stability foundation, which means that Citibank definitely requires to remain strong in the UK. If not for what is, than certainly for what might be. If I am correct (4 out of 4 would be nice), than there is a strong chance that the M&M team (Michael Gove and Mark Carney) could propel the UK positive ahead of schedule, meaning that Citibank would cut itself in the fingers in more than one way. In addition, and pardon my French, Citibank could end up being the bitch of Natixis in France, a very French way of banking I might add. Giving rise in more than one way that Citibank could lose momentum when it leaves UK operations, letting other banks move in and making the Citibank lose additional market share, which seems like such an ego based error to make.

All in all we can go for the slogan ‘Run Michael Run‘, looking towards better times, not immediate mind you, but possibly faster than we thought possible, the IMF papers regarding France give weight to that, providing the UK, more specifically if the Rt Hon Hugo Swire can get a few trade irons ready for agreement with France, the Netherlands and Germany. If he pulls this of, the UK is on a first leg towards true economic restoration, with the absence of Mario Draghi’s overspending nature.

In the end these are elements that matter, but strongest of all is to address the people who feel that they have been left out in the cold by Europe. National pride is only a first step, momentum will be gained by achieving results, in that Mark Carney remains correct, these steps come with a large risk, whether it is too large is for all players actually remains an unknown for now.

 

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