Tag Archives: VISA

September 25, 2025 · 02:51

That’s one way to see it

I saw a setting in the CBC yesterday, the setting was given (at https://www.cbc.ca/news/business/us-h1b-visa-canada-benefits-1.7640068) with the capture ‘The new, steep price for this U.S. visa could be a blessing for Canadian tech’. Well that’s one way to look at it I reckon. As such plenty of Amazon employees might wanna consider switching to Vancouver for that. The second reason is that they are a mere 90 minutes from the greatest ski slopes on the world. And the text “As the Trump administration moves to limit some skilled workers from entering the U.S. on a specialized visa, the Canadian tech sector is champing at the bit — hoping the new restriction will send talent up north.” I the directly seen setting for that. So with the added text ““Canada has built an entire industry by capturing this talent. And with this $100,000 fee, that trend is about to grow much stronger,” she said. “This is almost a gift because every time the U.S. closes the door on global talent, Canada gains.”” And as I see it, a direct blessing for Vancouver in disguise, other cities might benefit too from that. And it will benefit places like Amazon to set up locations in Vancouver, Toronto and Ottawa for AWS pools. I reckon that Google Portland, Google Seattle, Google Ann Harbor, Google Detroit might see the same setting as they are relatively close to Canada, which could save them a clean billion from the get go. I reckon that others like Microsoft would follow that example. It stands to reason that the new set places like AI verification places would be created in Canada as the whole range of NIP locations would require hundreds of Verification stations. Canada might do well to ensure these locations as President Trump is now making them too expensive to create them in the USA. Perhaps he forgot that Stargate without verification becomes useless near the moment those settings are switched on?

So as we are given ““There’s going to be a net benefit effect for Canada across the board,” said Andres Pelenur, an immigration lawyer and founding partner at Borders Law Firm in Toronto.” I guess he is seeing the upbeat Ka-Ching of the cash registers in his location and he might consider branching out to both Vancouver and Ottawa in the near future.

So as we are given “The visa isn’t exclusive to the tech sector, but 60 per cent of H-1B holders approved since 2012 have held computer-related jobs, according to Pew Research — and the visa is used heavily by giants like Apple, Amazon and Google.” Gives us the other setting that we until now ignored. What is Apple going to do? Set up a much larger distribution shop in Canada? Doesn’t that imply that President Trump is shooting himself in the foot yet again?

So as we see the response by Pew Research (which hilariously relies on foot shooting) with “The fate of the H-1B program – which offers U.S. employers a way to temporarily hire foreign workers in specialty occupations – has divided influential Republicans. Tech leaders like Elon Musk strongly support the program, while other Republicans question its impact on American workers. President Donald Trump imposed restrictions on the program in his first term, but his current policy agenda on H-1Bs remains under discussion. Meanwhile, bipartisan calls for H-1B reforms advocate for more oversight to protect American workers while addressing skill shortages.” But as I see it, the setting set into law with the use of a handpscribble makes that a little too late unless President Trump undoes the damage he has done, which is seemingly unlikely. Some will remember his smudging up the error that the coffee typo gave the press. And you can mesmerize on that whilst having a Trump Sandwich in Lambo’s Deli (176 Bellwoods Ave, Toronto). It being a sandwich with Baloney with a small pickle. The other one is on 1372 Queen St E, Toronto. Others might have it that option on their menus too.

Yes, Canadians like their comedy that is easy to swallow as good as Australians do. As such we are also relieved that around 400,000 H-1B applications for high-skilled foreign workers were approved in 2024. That’s more than twice the number of applications approved in fiscal 2000. Approvals peaked in 2022, when 442,425 applications were approved. (source: Pew Research Centre) Since 2013, the majority of approvals each year have been applications to renew employment. In 2024, 65% of approved applications, or 258,196, were renewals. The other 35%, or 141,207, were new applications for initial employment. And all that gathered workforce could now be heading toward Canada as well, and optionally reduce the pool of work seekers in Canada as well as adding fresh blood to Ottawa, a setting that place needs like yesterday. I reckon that the pools in Vancouver and Toronto are already well set. 

Beyond what is great for Canada, there is a larger industrial move already on its way and the VISA costs merely enhanced that setting and added a few requirements to the needs of Canada. Making it fast into the new work-hub to be for the Commonwealth. 

Good going Trump, you American president you. 🙂

So you all have a great day and start dreaming of a job in Canada whilst snacking on a Pizza at Eataly, they are opening in the Eaton centre in the near future, your place to be for fashion and interior needs in Toronto. 

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August 24, 2025 · 10:28

In other bad news

That is how it reads, is this the reality of things? That remains to be seen, but as I see it, there is a rolling effect. A news source gave me this morning that IndiGo is starting two new routes. One between Abu Dhabi and Visakhapatnam, the other one is between Abu Dhabi and Bhubaneswar. They represent populations up to 3.2 million people, and that is the direct surroundings of these places. It is important to see that, as that implies that the setting that I predicted that America will lose more and more tourists is starting in this kind of situation. You might give credence to the ‘mumblings’ that this will soon pass over, and perhaps it will. But the direct setting is that those that rely on their one vacation a year, they are choosing Abu Dhabi (and Dubai) over American destinations. So when you decide to trust ‘The US tourism slump that never happened’ (source: Financial Times), or perhaps ‘Desperate U.S. Hotels And Tourism Operators Continue ‘Come Back’ Deals For Canadians’ (source: The travel) you are looking in the wrong direction. Yes, in a few years travel to the USA will bounce back, it is the next three years that matter and in the meantime the UAE is gaining traction in many ways. And over the next three years it will develop into a main destination for the better part of the globe. In the meantime America will be bleeding losses on all sides. And when the bounce back ‘fails’ or more precisely is delayed. The losses for America will merely add up to a lot more. 

That is beside the larger setting. You see, Visakhapatnam was in 2020 a finalist in the Living and Inclusion category of the World Smart City Awards. As such travel is interesting both ways, it also has its own share of beaches and it is the 5th busiest port in India, as such commerce is likely to blossom between the two nations. As for Bhubaneswar, is a hub of sports and IT in the country. As such there is a larger interaction possible between the two places. All options that are now a moot setting for the EU and America. And the fact that IndiGo is a low cost airline, the tourists cluster that will have the UAE on their international dreamless will increase rather sharply. We might look at all the ‘wealth’ that travels. But for every wealthy traveller the UAE sees, there will be 50 non-wealthy tourists and this amounts to a lot of visitors. I reckon that IndiGo is merely the first to see that influx of tickets sold. I reckon that by late November everything Indian who dreamt of seeing a Formula 1 race with his or her own eyes will flock to the UAE and that is just for starters. As I see it tickets for Yas Island will be the hottest ticket of the year. With all the extras you get to enjoy, the need for hotels and especially low cost hotels will explode in no time flat. 

Just two settings that America is currently missing out on and for the next three years. Have you considered the impact that VISA’s and ‘integrity fee’ options that America thought to help to guide them through. And more bad news in this category (as stated by some for 2026) are discouraging more and more tourists to America and now they have a stellar place to go from March 2024 onwards. And now the setting becomes that more and more are discouraged to visit America as it is seen. The larger setting becomes that Saudi Arabia will from 2027 onwards the next competitors for all these tourists who need a place to go. I reckon that some will chose China as a destination, but the numbers on that remain speculative and is not supported by factual data at present.

Have a great holiday to come in 2025

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August 18, 2025 · 19:15

Reasoning as is

That is at times the setting. We always THINK we know the reason, but do we really? I had my given settings on Abu Dhabi as early as 2025, August 2nd. I spelled it out in ‘As Hogwarts expands’ (at https://lawlordtobe.com/2025/08/02/as-hogwarts-expands/) and I stated “Yas Island becomes the most appealing choice for a whole flock of tourists, now definitely deciding that there will be a viable alternative for Orlando, and when Disney arrives in 2027/2028 also on Yas Island, Florida will see the largest downfall in economy they have ever had.” That was the setting I expected to see. Now we see Forbes (at https://www.forbes.com/sites/carolinereid/2025/08/17/the-real-reason-for-building-disneyland-in-abu-dhabi/) giving us two weeks later “It is no secret that Abu Dhabi is building theme parks to diversify its economy. Its fortune was built on fossil fuels but as its reserves are beginning to run out it has brought global theme park giants to its shores to drive tourism revenue. That’s far from the only magic touch they have. Although Abu Dhabi and neighboring Dubai are seen as being playgrounds exclusively for the world’s wealthiest people, the vast majority of their residents are far from billionaires. There is good reason for this.”

I tried too get a job there once, I am not in oil (not even olive oil) but I do have a knack for IT and in alway am fluent in Dutch, a skill that I hoped would get me a job with ADNOC. Yet as America was setting the larger premise of a failed government in play, Abu Dhabi was giving me additional settings and if you pay close attention to Yas Island, it could be the lifeline of a larger setting that could given you a heralding ovation when you live there. As the UAE is massively crime free, more reasons to go there. In addition (to what I saw) its that Forbes also gives us “It explains why a staggering 88.5% of the 11.4 million residents of the UAE are expats according to Global Media Insight. The number of expats from the United States is reflected in the vast array of its stores and restaurants which have made their way to the UAE. They include everything from chains like Applebee’s, Dickey’s Barbecue Pit and IHOP to fine dining outlets such as California’s Urth Caffé and Sarabeth’s which began life as a small bakery-kitchen on New York City’s Amsterdam Avenue in 1981.” It is nice to see this, but I have to wonder why they never saw it when I saw the clear signs. And there is not the simple settings of “Although Abu Dhabi and neighboring Dubai are seen as being playgrounds exclusively for the world’s wealthiest people, the vast majority of their residents are far from billionaires.” I agree that is a clear setting, however lines like ‘Abu Dhabi’s real estate market records broad-based growth in first quarter’, ‘Abu Dhabi real estate is on fire in 2025 with deals soaring past Dhs51 billion in just six months’ and ‘Abu Dhabi and Dubai Ranked Top Emerging Global Data Center Markets in 2025 Report’ as well as the setting that 10,000 millionaires are replacing their ‘home’ towns with a proper setting in the UAE.

The is also happening in the last month alone. In support of it all we get ‘How Yas island is shaping Abu Dhabi’s real estate landscape’, as such, Forbes is telling the truth, but it letting certain parts take a backdrop to the larger picture. Abu Dhabi is the new place to be and America needs to realign the stupidity they are handling now. As I see it, their future is depending on it. 

But that is not the only parts. At this point Forbes gives us a side I never really looked at. They give us “It explains why data from the California-based Economic Research Institute shows that the average annual salary in the UAE comes to $48,993 (AED179,949) compared to $66,991 in the U.S., proving that you don’t have to be a billionaire to live there. The UAE has a wide catchment area to draw on as one-third of the world’s population is located within a four-hour flight of the country. It is also part of the largest global airline hub in the world, with 120 million passengers traveling through Abu Dhabi and Dubai each year. In order to welcome them as workers and tourists, the UAE has some of the friendliest visa regulations of any country.” Which is great for two reasons. Everyone likes a good show and an affordable show and the UAE is providing that. In addition, it shows how stupid the American VISA setting is now. As such, try to imagine millions of tourists giving up on America for the next 3 years and pointing their caps at the UAE. Millions of people who think that the hollow setting of America can be let go for at least three years. You wanna bet that this is scaring the theme parks in Orlando (and other cities) to death? 

That is the setting we see evoke the Forbes Article (in case you were willing to denounce what I gave you all). Yet Forbes gives you more. We are also given “The impact of this was laid bare in a separate report by the Khaleej Times in May which revealed that 23.7% of applications for visas to Europe’s Schengen area filed by UAE residents were rejected last year. That’s not because of the UAE, but the diversity of its residents as visa applications are based on nationality. The 11.5% of the population that holds UAE nationality benefits from having the world’s best passport, according to the Arnot Capital Global Passport Power rankings, with visa-free travel to 133 countries. The dark clouds aren’t just hanging over Europe. Recent data from the National Travel and Tourism Office revealed that the number of overseas visitors to the U.S. in July fell 4.9% on the previous year, only reaching around 86.6% of the pre-pandemic level despite it being one of the busiest seasons of the year. It is the latest development in a months-long trend which also saw international arrivals fall 6.6% in June.” As it can be seen, there is every chance that the operator on Yas Island will get a hell of a lot tourists more than it might have considered. All it needs it a great campaign and at present Warner Brothers could be chockablock full from this October until April 2026. Because people in Europe want to escape winter and as I see it, there is only Abu Dhabi as America is dealing with its political administration. As such the Canadians escaping Florida this Winter, these Snowbirds have just been advised of a much larger appealing destination this winter (and the next three years).

As this all comes to pass, America will merely see an incursion of debts, come and harassment, things the tourist does not need. 

As such I say YAY Yas Island, and ADNOC management seeking Dutch translators, please consider me as well.

The reasoning as is, is set to the joy of a vacation, As such the UAE is opening its borders to Abu Dhabi ad Dubai is a mere 30 minute train ride away. Have a terrific day today.

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August 2, 2025 · 21:20

As Hogwarts expands

That is the setting. We are given ‘Miral extends deadline for tender to build Abu Dhabi’s ‘Harry Potter’ land’ (at https://blooloop.com/theme-park/news/miral-construction-tender-harry-potter-land-abu-dhabi/) the quote is that “Miral has extended a bid submission deadline for a tender to build the new Harry Potter-themed land at Warner Bros. World Abu Dhabi on Yas Island. Per a report from Middle East media publishing company MEED, the deadline has been extended from 28 July to 4 August.” Implying that next week the Start of a  $545 million – $816m expansion is due to begin. And in addition we are given “Three new rides in Harry Potter land Miral announced the Middle East’s first Harry Potter-themed land in 2022. It will feature iconic locations from the Wizarding World, as well as three new rides, retail outlets, and F&B facilities. The 40,000 M2 addition to Warner Bros. World will join six existing zones in the park – Warner Bros. Plaza, Bedrock, Dynamite Gulch, Cartoon Junction, Gotham City and Metropolis.” As such The staff of Hogwarts will have to endure a rush of people howling “Yabadabadoo” whilst assaulting the death eaters. These death eaters are in a pincer setting as the other side will be shouting “Yibbity-Yabbity-Doo!”, those poor death eaters won’t know what hit them (nyuk, nyuk, nyuk)

And as I see it, the quote “Mohamed Khalifa Al Mubarak, chairman of Miral, said: “This is yet another testament to our commitment to continue to position Yas Island as a top global destination for entertainment and leisure, and a great addition to Abu Dhabi’s tourism offerings, contributing to the growth and economic diversification of the emirate.”” Is not entirely accurate. It is that international tourism will see Abu Dhabi as a much more appealing destination and with the ‘idiocy’ (as I personally see it) settings that America is setting with immigration, the costly ‘visa integrity fee’ and several other settings. So as I see it, Universal just dished out $7.7 billion USD (Hogwarts is merely a part of it) and the other park in Orlando will have a rather large problem. With the Hogwarts expansion, Yas Island becomes the most appealing choice for a whole flock of tourists, now definitely deciding that there will be a viable alternative for Orlando, and when Disney arrives in 2027/2028 also on Yas Island, Florida will see the largest downfall in economy they have ever had. When millions of tourists will select Abu Dhabi over Florida, the rest will become a mere escalation of something you could have seen coming miles away. But not to worry, I had the setting in view even as the media seems to be coming up short. In addition Abu Dhabi has the Formula 1® Etihad Airways Abu Dhabi Grand Prix 4-7 December 2025. I have no idea yet when the 2026 race is on, but for a lot of people combining the two would be preferable. Also there is a lot more around Yas Island. And the UAE has a much better visa setting where it is offered at a mere fraction of what America offers it. The setting was debatable (at best) when America was the only option, but that hasn’t been the case for almost 4 years. So now as America is bleeding money in almost every direction, the people in Europe, Canada, UK, India, Australia, New Zealand and China will consider Abu Dhabi and Yas Island as their destination in 2026, 2027 and 2028. So how many million of people will seek their preferred choice in EuroDisney (Paris), Efteling (Netherlands) and parks in Belgium, Sweden and several others. A setting that was there from the start. 

A setting that will also propel the UAE as a global tourist destination. They already were that, but the millions of Harry Potter fans had Florida, London and Tokyo in their sight, with Abu Dhabi added to the HP arsenal, I reckon that Florida (at present) is allegedly decently  much done for.

Have a great day and when in Abu Dhabi try the Emirati Chabab, it is a famous dish and decently yummy. 

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October 2, 2023 · 04:43

An altering stage

This is a setting we all see, we all accept. We see any stage and we see it changes as conditions are dealt with. The Shutdown is as I expected averted in the last minute. I expected it would, but I also expect that this might go wrong in the future and the next shutdown is a mere 45 days away and US businesses are setting this new marker as the disaster moment. That is the new quarter setting, a setting that is a mere 45 days away now, but what happens when this becomes a monthly thing? And that is not nearly the end of it. You see CNN and others reported on how Rep. Jamaal Bowman pulled the fire alarm a mere minutes before that vote. Children will be children and what do you do with stupid children? Yes, you make them representatives of Congress, that is how it goes. He is seemingly hiding behind ‘it was an accident’ just like every other 12 year old who played ding dong ditch with a fire alarm. This is merely the stage, the larger stage is more serious. 

The first one is the IMF (at https://www.imf.org/en/News/Articles/2023/09/28/cf-saudi-arabias-economy-grows-as-it-diversifies) who reports ‘Saudi Arabia’s Economy Grows as it Diversifies’. It is a summary and you should read it. It shows several elements that are taking the world by storm. It is not “As shown in the latest IMF annual review of the country’s economy, progress has been most notably reflected in non-oil growth, which has accelerated since 2021, averaging 4.8 percent in 2022. Despite lower overall growth reflecting additional oil production cuts, non-oil growth will remain close to 5 percent in 2023, spurred by strong domestic demand.” We get the goods here, but it is “The economy’s non-oil growth has been spurred by strong domestic demand, particularly private non-oil investment. Sustaining this performance requires pursuing sound macroeconomic policies and maintaining the reform momentum, irrespective of developments in oil markets.” Even if the stage is not revealed, when combined with other views we see that ‘strong domestic demand’ is merely one string from the harp of economy, the harp of Saudi economy. What matters is that larger streams involving defence, technology, construction, tourism and services are ALL moving towards Chinese shores. We see some of it now, but that list is rapidly expanding and the next US vote is 45 days away with them having to brood on a loss of billions and it will be a lot more than 1 billion. 

The second article comes from Arab News (at https://www.arabnews.com/node/2382701). I am not seeing anything new, but the fact that we see the report on this implies that US and EU governing bodies are now seeing the losses that they are being confronted with. In the first Saudi Arabia has set the lofty goal of increasing the tourism target from 100 million to 150 million of tourists a year by 2030. I think they can get there, but as I wrote last week that implies that these 150 million will not be going to the US or EU. So did you do the math on that loss? Saudi Arabia was until recent not really a blip on anyones radar and now they are becoming a power player. And this is not just China, The EU has 44 million Muslims a fair size of this would be considering Saudi Arabia as a tourist destination soon enough and even as the US only has about 4 million Muslims, these two are now seriously looking at what kind of a vacation Saudi Arabia could offer. I think it could grow even further. As a growing global population wants to really learn about Islam, we see that the Churches are now going more and more deserted. You can fool all of the people som of the time, you can fool some of the people all of the time, but you cannot fool all of the people all of the time and the western world is in stage three, all whilst stage two is waking up on the notion that the churches have been a scam (as some people see them) yet these people are now seeking faith. Faith they feel the churches can no longer deliver as these people feel conned. Now Saudi Arabia has a stage where they can openly and clearly introduce Islam to a people who feel empty because faith deserted them, it is now seen as a betrayal and the churches cannot address the betrayal that they instigated since November 18, 1095 (Council of Clermont, First Crusade). Over 900 years and that shindig is up. So Saudi Arabia stands to increase its Muslim population, they increase tourism and at the same time they decrease the revenue streams to the EU and US. Both China and Russia will see this as a win, as does the BRICS community. IS my view correct? Correct is not the issue, this is clearly happening, but to what degree is anyones guess. I felt betrayed by my Catholic Church going back since slightly before 2015 when the movie Spotlight showed the world that something was very very wrong. We have been conned by hypocrites and charlatans and many feel too betrayed to give the church even one option to redeem itself. This tom foolery had been going on for over 900 years. 

And when you consider the Arab News giving you “By focusing on shared opportunities for growth and prosperity, the crown prince shuns hardened religious ideology that offers no prospects for the region or the international community at large. This leads him to navigate uncharted territory and negotiate closer ties with Iran and Israel alike. As he has pointed out, a Saudi normalisation agreement with Israel, if it came to pass, would be “the biggest historical deal since the end of the Cold War.”” It is seemingly correct (there are a few nicks to that setting), but the larger stage becomes more than ‘since the end of the cold war’. You see, the US was a power-player since the end of WW1 and that too is about to end. All the friends the USA used to have are now seeking new shores to feed their greed and they will bend over backwards to get their slice of cake and in the process will have to openly desert the US. Even Americans are now seeking ‘pro-Russian’ shores to ‘feel’ safe, but that is not the way it goes and those people will soon have no one to turn to. A similar setting is to be seen in the EU, although there are other issues in play too. Slovakia turning pro-Russian is merely one stage, one of many stages and that will erupt in many places. I expect that the Paris Olympics will show a few sides evolving there and as this evolves Saudi Arabia will be there to be the new power (together with China). You see, what some are missing is that places like Alipay+ is now partnered with the Saudi Tourism Authority. You think it is simple, but it is not. No matter how we see Alipay as part of the Alibaba group. It sets the stage where it is the partnered player with all the tourism in Saudi Arabia. It overtook PayPal in 2013, it now has over 55% as a pay provider for China and it is about to become a serious contender for all slices of the VISA and Mastercard processing pie. Within 10 years they got to there and the BRICS group will allow it to grow a lot further. And in all this we see another field that was until 5 years ago a field that belonged to the USA. Now we see more and more areas where the USA corporations are degrading to a mere third world nation and Saudi Arabia is in the centre of more and more of these stages. China is making a clean sweep of a lot of this and people still believe that I was kidding when I stated in 2019 that this pariah BS will have larger impacts. We are now seeing these plays in place and we see how the world stage is changing and for the USA and the EU not for the better. Oh and before you think this is temporary, consider the Brooklyn floods. It will take months for the humidity to settle down and the heating bills with decreased oil will take its toll there too. They say ‘It never rains when it pours’ and now we see the impact in several income streams whilst service streams are negatively impacted. All at the same time. But no matter the next shutdown is dues around 16 November 2023, a week before thanksgiving in the USA. So what will the Turkey’s do at that point to survive? Play ding dong ditch with a fire alarm?

Enjoy the upcoming week.

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August 19, 2023 · 23:50

It started with television

To get the entire mess I will start with a television episode.

The line was “Not that I don’t appreciate the sentiment behind your nightmare scenario” it was linking a conversation between President Bartlett and Dr. Takahashi. The episode was ‘A good Day’ season 6 episode 17. Yes, this part is fiction and some of the mentioned elements were too, but not all and that is the striking part. This episode aired in March 2005. You think that would be the end of it, but you would be wrong. Lets take a look at reality.

The Financial Times gave us ‘Saudi Arabia cuts holdings of US Treasuries to 6-year low’ on august 17th (at https://www.ft.com/content/2925952d-1e20-4748-8fa4-05b3605fc46a). There we are given “Saudi Arabia sold down its holdings of US Treasuries in June to the lowest in more than six years, as the kingdom directs more funds to foreign equity and domestic investments. The kingdom held $108.1bn of Treasury securities in June, down $3.2bn from May and below the $119.7bn it held at the end of last year, according to data from the US Treasury department.” This is merely part one, the second part is seen with ‘China likely to cut more US debt holdings’ (at https://www.chinadaily.com.cn/a/202308/16/WS64dce79ba31035260b81c880.html) this is not the end, this is merely the beginning of what was described in the West Wing as the nightmare scenario. You would think that the EU and Japan would come to the aid of the US, but you would be wrong. Mario Draghi overspend trillions in the past and now the EU credit card is stretched to the max. Japan had in March 2023, a Japanese public debt is estimated to be approximately 9.2 trillion US Dollars, or 263% of GDP. Japan has no place to go and that is the beginning of systems collapsing. The US is in its endgame towards becoming an economic third world nation. 

Yet there is more tom come. We also get (at https://finance.yahoo.com/news/death-entire-financial-monetary-social-180841464.html) ‘‘It’s The Death Of The Entire Financial, Monetary And Social System’: This Market Expert Warns The U.S. Dollar Is Quickly Losing Its Reserve Status.’ I do not know Jing Pan and I do not know whether she is correct, but she gives us one part that struck a nerve. She gives us “In March, the collapse of Silicon Valley Bank grabbed major headlines. After the bank sold its Treasury bond portfolio, it incurred a substantial loss, causing depositors to question its liquidity and leading to a bank run. Amid this market upheaval, Silvergate Bank, First Republic Bank and Signature Bank failed as well. “This banking crisis is not over,” she said. “Maybe they’ve been able to paper over it, and so everybody is calm, and you have consumer confidence going up and all of this other kind of garbage. But it’s built on a house of lies.”” It struck a nerve because I got there through different means. You see when the SVB issues was playing out, we suddenly get a news article with Janet Yellen who is keeping tabs on the situation. Janet Yellen, United States Secretary of the Treasury. Not some governor from California, not someone from the banking industry. No, it was El Jefe from the treasury herself. It was overkill. I had issues and I wrote about them earlier (not sure when). I wondered why the SVB was in that setting and why Yellen personally took notice. I wondered who was holding the US bonds. Because banks had some of the bonds, but no one had a list of how much and no one had a clue (or remained silent) on how much the SVB was holding. 

As such I had an issue, things weren’t adding up. And now the two largest finders of the planet are shedding the US debt. As I see it the US has painted themselves in a corner and things will go ugly soon enough.

This is where the next article comes in. The article (at https://tickernews.co/u-s-credit-card-debt-levels-just-surpassed-1-trillion/), which is not the only source gives us ‘U.S. credit card debt levels just surpassed $1-trillion’, as such 300 million people have a collective debt of over on thousand billion. This amounts to the degree that every American has a debt well over $3,000. So how will this unfold when the dollar drops? Now, I am generalising but the larger stage is now set. Bonds are going nowhere and in 2022 long-dated U.S. notes lost 39.2% in value. So how safe are those bonds now? We know about the inflation and that it is rising, but CNN reports that ‘US banks sitting on unrealised losses of $620 billion’. This came to us in March, as such the SVB issues are rising, are they not? So where are those bonds? Who is reaping the losses on that one and the nightmare scenario that a television series gave to us in 2005 is about to become a very real issue in 2023 and 2024. 

We might have thought 20 years ago that bonds were the safest place to be, but only 20 years later and this is no longer a reality and moreover the allies of the USA are shedding them, or cashing in to reduce the damage from them. This leaves America in a very vulnerable position. As I personally see it, they painted themselves in a corner and the windows on the two adjacent walls are soon out of reach to anyone in that corner. To add to this, the paint is red and massively toxic (as I see it), so no release unless someone can find a little over 20 trillion to help the US, the usual suspects are out of cash and I reckon Russia will not offer help either. Consumers have a total accumulated debt that surpasses a trillion and the bad news keeps on stacking up. All because politicians were playing the ‘screw it’ card. Now that the ledgers are up for grabs the US is sitting in the worst spot it has been in in well over a century and corporate and business America is looking for any way out of the US at present. 

When you see that image and you add the failures of Microsoft a different image comes to mind and it is not a pretty one. So why Microsoft? Because it is part of the Dow Jones Index. It might only be for 4.9% but when that goes south the DJI will see a much larger problem. You see it is not merely Microsoft, it becomes an issue for Goldman Sachs as well and when the dollar collapses. What do you think that places like UnitedHealth Group, Johnson & Johnson, VISA, American Express and Walmart will be left with? When over 150 million will have no money left the consumers pushing the aforementioned companies up will also fade pushing rates and results down. All things that could have been seen will over 2-3 years ago. And there is no blaming the Russian-Ukrainian war, this would have happened no matter what. Optionally it happened sooner, but not much sooner. 

Even if ‘A good day’ was the start, the settings have been in place for years. I believe the media merely looked the other way, because the other view was sexy and optionally offered more digital dollars, another funny money business. 

So am I wrong?
That is the question. I could be and relating articles like I am is to some degree folly, but it was all I had at the time. And if there is an economic person (I am not one) giving us a clear answer why I am wrong, I would accept that, but there are too many issues in the field and there are too many issues out in the open. I wonder if anyone could counter them all. But I will keep my eyes open to see if someone goes that way.

Anyway, have a great day and I am about to start the final day of the weekend.

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March 27, 2023 · 02:58

Speedy escalation dot who?

It started with something I wrote on February 3rd 2023 (at https://lawlordtobe.com/2023/02/03/as-the-tide-turns/) when I wrote ‘As the tide turns’. There was some grumbling when I presented “some governments will start to draw out papers where Russians without permanent residency or citizenship will not be allowed to own anything” it was a natural progression, as such I felt decently certain that this would happen. Plenty did not agree and that is fair, but with Oligarchs all over the field, trying to secure what they can in places like Dubai, the future was decently fluidic. 

Now less than a day ago, I see a Tweet from Lithuania that Russians cannot get a VISA, they cannot get citizenship and they cannot own property and I think Lithuania is only the start. This will go further and now we get to see another side. This could be a larger tooth in a set of juridical teeth that is about to do something about Russian organised crime in many nations and they all it all to Vladimir Putin. Not only did his actions undid a century of goodwill for Russia, it in the same trend it undid the degrees of freedom of Russian oligarchs and now Russian organised crime will get a massive slap to whatever they owned and Lithuania seemingly started that stage. A stage that I saw coming because it is what I regarded as logical continuation. As such London who reacted the slowest of all now needs to give full steam or they need to answer questions like ‘Why did you do so little?’

Did I see the future?
Well, that is up for grabs, I presumed that certain steps are a natural continuation and this was one, to be honest, I had no timeline in sight, one usually does not have that with near natural time lines. But I expected it to be in the works and for a country like Lithuania to take that step has also larger implications. Russians have an interest in Lithuania, it is their smuggle route Vilnius – Kaunas – Klapeida that is now also under fire and that closes the routes to places all over Europe, they will now need to rely on other routes and there is not that much options via Poland, they already despised Russians long before the Ukrainian issues started, as such there will have to design new routes but where? I have no idea, that is not my forte or my data driven direction. 

No matter how I see it, larger changes are coming all over Europe and when the US does the same jump pro Russian political forces in the US will run for cover and they will be running everywhere that is petty much a given. 

So speculate or presume all you care and all you desire, but you got the news here first and yes, I do accept that Twitter is no verifiable source, but similar news is coming from the Baltic News Network and it seems that 16 hours ago Estonia started a similar direction, as such Russian routes and Russian opportunities are drying up and when you consider the US, these two nations have done a lot more in a month than the US has done in over a year. That part becomes visible when you investigate what corporations are still active in Russia, the answer should scare you.

Have a nice Sunday

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August 3, 2022 · 19:12

You thought it stung the first time?

Yes there is an interesting development. The BBC (at https://www.bbc.co.uk/news/technology-62372964) gives us ‘Judge rules Visa can be sued in abuse claim’, and interesting setting to be sure. But why is it interesting? 

The setting that is given is “Serena Fleites was 13 in 2014 when, it is alleged, a boyfriend pressured her into making an explicit video which he posted to Pornhub. Ms Fleites alleges that Visa, by processing revenue from ads, conspired with Pornhub’s parent firm MindGeek to make money from videos of her abuse. Visa had sought to be removed from the case.” And it is no surprise that VISA tried to be removed from the case. They failed and now we have an interesting situation. This case gives a much larger stage. And even as we see “posted to Pornhub without her knowledge or consent, had 400,000 views by the time she discovered it”, we also get “the video was downloaded by users and re-uploaded several times, with one of the re-uploads viewed 2.7 million times” and with “While MindGeek profited from the child porn featuring Plaintiff, Plaintiff was intermittently homeless or living in her car, addicted to heroin, depressed and suicidal, and without the support of her family” even as we see the legal talk start, we see several parties hide behind “When the court can actually consider the facts, we are confident the plaintiff’s claims will be dismissed for lack of merit”. In this, I personally see that tools of exploitation have a very nasty way of biting back and that seems to be the case now. So when we are given “the Court can infer a strong possibility that Visa’s network was involved in at least some advertisement transactions relating directly to Plaintiff’s videos” and with “Visa argued that the “allegation that Visa recognised MindGeek as an authorised merchant and processed payment to its websites does not suggest that Visa agreed to participate in sex trafficking of any kind”.” Yes, they can argue all the way to that highway that goes to the city with the 666 designation. But here we see the direct application of ease versus due diligence and now it becomes a new ball of wax. Even as we see “Visa is not alleged to have simply created an incentive to commit a crime, it is alleged to have knowingly provided the tool used to complete a crime” it is a new stage, if this holds up, the amount of cases against credit organisations and fintech companies will explode in very serious ways. There is consideration that if some school shooter used his credit card to buy the gun used, there will be serious repercussions for the credit card firm used. Even as we are given “The company also said that any insinuation that it does not take the elimination of illegal material seriously is “categorically false”” I have an issue here and it is seen with “the video was downloaded by users and re-uploaded several times, with one of the re-uploads viewed 2.7 million times” as well as “A few weeks later it was removed” gives doubt to their statement. A file 2.7 million times is noticed, when it surpasses a million it is noticed, still it took a few weeks for it to be removed. Too many parties might (allegedly) have had the thought that this would blow over, it didn’t. Basically it exploded in everyones faces and now the credit card companies will have to do their due diligence on hundreds of thousands of customers who will now need checking. A stage decades overdue. Now that there is a court case, the fintech firms need to get worried and scared, because Serena Fleites has now opened a door and it is not merely VISA who will be in the hot seat and when this crosses borders into the EU there will be a whole new mess going the way of fintech. Places like Mindgeek might have moved to Luxembourg for tax brakes (speculation), but with this case Mindgeek could end up opening itself for a whole range of other issues. VISA will not take this lying down and a $460 million firm will be gotten at (whether successful or not). So this is not over, not by a long shot. I wonder what will happen next, time for a nice cuppa Joe. I might have a vanilla twist on the side. My reasoning will make sense down the road, I guarantee you that part.

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September 30, 2021 · 17:23

When it was about safety

That is the stage I was woken up to, a stage that is no longer about ‘safety’ but about convenience. And people will pass corpses just to give marketing a chance to set the phrase “This will be a lot more convenient to you” and it is a dangerous step. In one direction the news is good news. It shows that not only was I on the money when I wrote ‘As banks cut corners’ on September 7th, a mere three weeks later we see ‘Researchers find Apple Pay, Visa contactless hack’ (at https://www.bbc.co.uk/news/technology-58719891). Here we are given “researchers were able to make a Visa payment of £1,000 without unlocking the phone or authorising the payment”, a setting that evolved for people to bloody lazy to unlock their phones. Lets be clear this is a setting regarding commuters to make quick contactless payments without unlocking their phone. That gate is coming up and you know this 30 seconds in advance and unlocking the phone takes mere seconds. So when we get in opposition “Visa’s view was that this type of attack was “impractical”” did anyone tell VISA that they are marketing themselves as a bunch of tossers? There is nothing impractical about £1,000, 20 hits a day and the young entrepreneurs are sitting on a healthy income and it will take time to solve it after which someone else can make a new hack.

And Apple is not free of blame either. The response “This is a concern with a Visa system but Visa does not believe this kind of fraud is likely to take place in the real world given the multiple layers of security in place”” gives criminals the stage where they can get away with it for some time. So how long until low income people can get a transit ghost? And all this is happening because there was no proper testing. Yet, it is an outlier and it was unlikely that people were seeking in this direction, but that will soon change. All because people were not willing to go through the inconvenience of unlocking their phone. So how long until this stage evolves beyond the Metro? Your first cup of coffee, your quick lunch, your cinema line, and that list goes on, all because of convenience we now see a stage where Apple and VISA are optionally catering to crime and organised crime (if they have a Filofax it is very organised crime). 

A stage that is out in the open and we see deflection from VISA and to a smaller extent from Apple too. In this it is Dr Andreea Radu, of the University of Birmingham who seems to be the voice of reason with ““It has some technical complexity – but I feel the rewards from doing the attack are quite high”, she said, adding that if unaddressed “in a few years these might be become a real issue””, in addition we see that Samsung Pay and MasterCard cannot be exploited like that. So there is a stage where this goes (as the academics say) tits up. Concert tickets, beverages in any trade show all places where it is about small transactions and as they are all about the convenience of the people the criminals get to have a laughing feast, a feast with all the trimmings because the banks, in this case Financial Institutions cut another corner, optionally straight into your bank balance. 

Enjoy your contactless payments today.

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December 12, 2020 · 04:05

Yay discrimination!

Yup, that has to go down like a kick in the head, does it not? But that was the thought I had when I was confronted with the BBC article ‘Mastercard severs links with pornography site’ (at https://www.bbc.com/news/technology-55267311), now personally I do not care about Pornhub. I don’t think I have ever been there, honestly. I am not anti or against porn, in Europe it was available on nearly every corner and a lot of it for free, as such I got over that need decades ago. So, whatever, I (for the most) do not care, but I hate hypocrisy, I hate it with a passion. So when I see “Mastercard says it is ending the use of its cards on the pornography platform Pornhub after a review confirmed the presence of unlawful content”, yup, it is an option they can take, but at the same time they are setting themselves up for a court case regarding discrimination by Pornhub. You see, when we consider “Members of China’s Uyghur ethnic minority are being used as forced labor in factories far from the so-called reeducation camps that have held them for years in Xinjiang, according to an extensive new report by the Australian Strategic Policy Institute (ASPI), a think-tank founded by Australia’s government” (source: Quartz), if I remember my law lessons, slave labour is illegal, is it not? 

As such, how many Nike shops were banned by Mastercard as well? How many Apple Stores are not able to process Mastercard? The New York Post (25th July) gave us ‘Nike should quit lecturing on social justice — and atone for using slave labor in China’, where was Mastercard at that point? Oh and according to ABC VISA is doing the same thing and for both I see no actions on Nike, Apple and a few others, like fashion stores that have been involved in ‘Aussie fashion retailers accused of driving poverty in Bangladesh with cut-throat pricing in new Oxfam report’, this came from Nine News 3 weeks ago regarding an Oxfam report, so where were VISA and Mastercard barring “Some of the biggest Australian fast fashion brands” in this? Sauce for the goose, sauce for the gander, I say. But it seems that hypocrisy is high with the financial institutions. Now, I am not stating that Pornhub is innocent, even as we are told “A New York Times investigation accused the site of being “infested” with child-abuse and rape-related videos”, it calls for investigation and pressure, but the voice of Mastercard and VISA stating some holier than though barring, all whilst they have no issue processing slave labour goods is a bit much, even for me.

So when we get “Pulitzer Prize-winning journalist Nicholas Kristof named it in his New York Times article, saying he “didn’t see why search engines, banks or credit-card companies” should “bolster” Pornhub”, I am willing to initially side against Pornhub on matters and when we see a name like Nicholas Kristof, we all want to see where and how he got the data he used, fair is fair, yet in this, I see the actions by VISA and Mastercard as a BS approach towards the limelight. Especially when we see reports of Oxfam and several others on the other issues. But I reckon that these two card companies will hide behind the ‘too complicated an issue’ and will continue as usual, but as I see it, they are discriminating foundations and if Pornhub wants to extract a billion in losses from these two, I would be able to live with it, but it does not take them off the hook. Even if we are told “Pornhub, which has denied the claims”, I would want to look into the evidence of Nicholas Kristof, I have had my doubts on journalists several times, but this is a Pulitzer Prize winner, they tend to remain well above board, in this Pornhub is the lesser trustworthy of the two on a mere glance, and I state that speculatively, I have not seen the evidence and I hope that Nicholas Kristof will hand over that evidence to the press on a much larger stage. Yet, we need to see Pornhub like a much less puritan version of YouTube, or Facebook (me thinks), as such they facilitate automated distribution, just like social media, but they too need to look into matters to a much deeper degree, if I believe that social media must do this, then players like Pornhub must too, and if there are criminal issues, they need to be dealt with and fast. We cannot say for sure what is criminal and what is fake criminal and the track is not an easy one, a source (Tweaktown) gave us in December 2018 “Pornhub saw 4.79 million videos uploaded in 2018, with 147GB per second”, this might not be as much as YouTube, but it cannot be too far off and a place like Pornhub does not have the infrastructure that Google has (my speculated view), as such there is every chance that criminal activities will pass the filters and not be seen until it is much too late, and yes, something needs to be done, but we can do without the hypocritical BS that VISA and Mastercard are giving us, if anything Pornhub needs the funds to upgrade their hardware on detection, investigation and reporting, that’s how I see it.

You know, this article might have the most use of the letters pee, ohh, arr, enn ever. Oh Joy! Well, time to enjoy Saturday with a strong cup of coffee and a sandwich.

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