Tag Archives: Wall Street

April 21, 2015 · 02:36

The Defiant Possum!

Yes, Greece is all over the news today, in many ways the people are now expecting a Grexit, the Greek exodus from the Euro. The people are reading more and more about the Greek way and no one is playing nice anymore. Even though readers might disagree with my view, which remains forever valid, let me show you the evidence that brought me to this!

The Centre Party, led by telecoms millionaire Juha Sipilä, must now put together a coalition. And if he invites the Finns into office too (Timo Soini, leader of Finns, who has already vowed to change’s Finland’s approach to Greece), we will see the complication regarding the chances of agreeing a third bailout for Greece. (Source: the Guardian). You see, Finland’s economy not in a great shape and they are now facing austerity. Sipilä had pledged a wage freeze and spending cuts to make it competitive again, which are issues that Tsipras is not addressing, which means that the Finns are no longer playing nice, one less vote that might have been in favour of any third bailout, now lost, the trip from Tsipras playing nice with the Russians did not help either. We now see a direct consequence on inaction where the observing it all are going more extreme, less positive towards the Euro. The Finnish Centrist Party is only a smaller step in the path that UKIP, National Front and the PVV are proclaiming. So, those who were rightfully sceptical of my predictions can now personally see the first of 6 steps fulfilling, the Pro-EU part in Finland lost and the Centrist party now has a staggering 49 seats, they are now in the centre of any coalition, gaining 14 seats. This is the danger I foresaw all along, even if many other parties were blind to this danger.

The second part was seen today when Fabrizio Goria (@FGoria) published the Barclays list on the payments that Greece has to make, these are only repayments and payments on maturity of bonds, the repayments are €1B by May 15th, €1.7B by June 17th, €4.7B by July 20th and €3.6B by August 20th. This brings the total repayments €10.7B before September 1st. Can anyone tell me how they expect to pull this off? Let us not forget that the days of the Onassis shipping fortunes are gone, the nation has a population of 11 million. We could state that it boils down to 970 Euros from every Greek (including the minors and babies), in addition to the taxation they are mostly not paying at present anyway. Add to that that many Greeks are living way below the poverty line.

So when we hear on French TV (iTele) the fact that Moscovici added that “Plan A is for Greece to remain in the Eurozone, and there is no Plan B. But there’s also no time for prevarication“, so in this story of ‘Moscovici the Possum’, playing dead to the realities of finance, where the next bailout of €7.2 billion, does not even cover the bills due before September 1st, which add up to a lot more than the bailout money that might not even come in. When we saw that the last payment was almost not made, when the Greeks pulled it off we saw the some triumphant pose of ‘we did it!‘, whilst we also saw that it cleaned out Greece for the most and that the payment made is only 10% of what is due over the next 18 weeks. This is the future I foresaw, one that could be done by nearly all using Excel or an abacus.

But this is not just about my view, others see it in the same way. Although, there is (as will be) an opposition view too and I do not ignore it. Foremost there is the eminent view of Simon Nixon from the Wall Street Journal. He stated: “One option is that Greece fails to get a deal with its creditors (quite plausible), runs out of cash (ditto) and then defaults on a debt repayment payment. But that wouldn’t immediately trigger Grexit“, which is where I am to some extent. Yet, he adds to that “How things play out after [a default] that will depend on who Greece decides to default on and the reaction of bank depositors. If Athens defaults on a government bond or loan, then the ECB will have to raise the price that banks pay to access emergency liquidity from the Bank of Greece, effectively depriving them of access to fresh supplies of euros. If Athens decides instead to default to its own citizens, perhaps by issuing IOUs to pay pensions and salaries, bank customers may start emptying euros from their accounts. Again, banks would quickly run out of collateral for emergency liquidity. In both cases, Athens would have to introduce capital controls and bank holidays to stop the financial system imploding. Some officials believe Greece could carry on for several weeks if not months in this state of limbo while still technically remaining part of the Eurozone“, I am not denying his view, he has a good grasp of things so he is probably a lot more correct then I am. Yet, my issue now is not whether they remain in the Euro, but the ramifications of Greece remaining in the Euro, regardless of the consequences and through the wheeling and dealing of several players who feel profitable if Greece remains in the Euro. Finland is only the first of 6.

Second is the UK with UKIP, that party is still growing and the Varoufakis rock star tour, as we saw it over the last two months, only agitated people all over Europe, the entire German slamming thing as well as the political statements around the refugee issues did not help either. So as UKIP grows, so will the option (and future) of the Euro diminishing in equal measure, the nightmare that Moscovici will like even less.

Third on the list is France with National Front. They will go on growing and the momentum UIKIP gets will massively benefit National Front, the party that was ignored for way too long has become a voice of power in France. Marine Le Penn has become a global player, another member against the softness for Greece and even less in favour of the Euro power as it diminished the force of France will take a steep change for the worse of the health of the Euro as they gain more momentum.

Fourth is the Dutch PVV, by themselves not that powerful or too influential, but with the like minded views they have to some degree to both UKIP and National Front, PVV will be invited to several tables they were not invited to earlier, even though their favour is falling (especially against the Dutch VVD), they remain a higher placed party (higher than they were before) and should the VVD be unable to create a working dialogue with UKIP and National Front, we will see more growth towards PVV, making them another voice that asks to end the Euro.

Fifth is Germany. Their power is actually twofold, first there is the growing opposition from Bernd Lucke, with his AfD (Alternative for Germany), remains on a forward momentum. And as they are anti-Euro, that ship needs to be closely watched, in addition, some German magazines state that one in two Germans are now in favour of Grexit. And here we get the first major Crux. Should some player overextend their reach by forcing some ‘deal’ keeping Greece in the Euro with a last minute ‘miracle’ solution (with ‘some’ hidden costs down the track of course), then the move towards AfD could be a lot more massive than before, the German player is the biggest one at the moment (in economic regard to the other 5 parties) and they have had enough (especially after the WW2 debacle Tsipras reignited).

Sixth in all this is the wildcard Italy. Here we have several unknowns, yet there is also a glooming danger. You see, the party here is Lega Nord, normally, this party is the one that is not the biggest contender it never was. However, Matteo Salvini is making headway, slowly but surely. Now we get the other side of the Greek issue. Matteo could grow in Italy with Lega Nord, the same way Syriza got Greece under Tsipras. Now we have ourselves a different fight, because Lega Nord is the opposite of Syriza and they are anti-Euro, as well as Anti-immigrant. So the issues pushed on us by Greece that are nagging us, are also growing the powers of Lega Nord. Normally it would not be such a big deal, but with National Front and UKIP being similar minded, Lega Nord will now get a more powerful European voice, together they will also push growth for AfD, or through AfD. I feel that they could grow a ‘symbiotic’ relationship.

If you are scared now, then do not be (unless you are a banker). These issues have been clearly in play and the vocally uttered path from Moscovici is helping these six entities and his speeches might help Moscovici a little less over the coming weeks. By trying to hold onto ‘Status Quo’, Moscovici might be achieving the opposite, who is the nice cuddly Possum now? Actually Possums are regarded as pests in New Zealand, so even as the possum is protected in Australia, is gets shot on sight in New Zealand. So as Moscovici contemplates his value as an asset by some, several nations are regarding the steps of Moscovici to be like a pest. Even though most of these politicians are not into the fair wildlife ‘game’, they will regard his policies and the need for them to be shot down at their earliest convenience. Not by the six I mentioned mind you, but as these issues are reason for growth for the six players mentioned, the other parties in those nations will now slowly more and more accept sacrificing Greece (by holding them to account), for them it is about governing and their chance to do so diminishes with every iteration where Greece remains unaccountable.

So here is as I see it the opposition I see to Simon Nixon from the wall Street Journal. Not because he is wrong (he is not wrong), but because the correct path seems to elevate some political parties to the degree that several political opponents do not want to see, which exasperates the Greek position even further.

This all escalates even further when we consider the news from NBC less than an hour ago. The title ‘Greece requires public sector entities to transfer cash balances to central bank’ should worry many, as it could be the first signal for the population of Greece to make a bank run (at http://www.cnbc.com/id/102601803). The quote “Greece issued a legislative act on Monday requiring public sector entities to transfer idle cash reserves to the country’s central bank, as part of efforts to deal with a cash squeeze” gives a fair view that Greece is trying to collect all the ‘idle’ cash there is. Is that not addressing the very last option? The second quote is “Monday’s act excludes pension funds and some state-owned firms. Cash reserves that are needed by these bodies for their immediate payment needs are also excluded from the regulation”, here we get the part ‘excludes immediate payment needed for pension funds’, yet what is ‘immediate’ here? 4 weeks, 8 weeks? This could possibly imply that those on a pension might not receive anything from June 1st onwards. Perhaps this is just to make headspace (or is it fund space) until May 12th? I do not presume to know the answer, but the Greek acts only confirms how right I was all along (as I see it).

So as Greek Prime Minister Alexis Tsipras seems to continue to try to convince sceptical foreign creditors to extend new financial aid, we must ask how successful does Alexis Tsipras consider his chances when the state is collecting all ‘idle’ coins. If it takes all coins just to make the next €1 billion, whilst 9.7 is still required soon thereafter, how much faith will the creditors have? So, the earlier statement that Yanis Varoufakis made (three days ago), when he stated “On the 24th [April] there will not be a solution, there will be progress”, he’ll better wake up now and realise that he finds a decent solution before Saturday, because progress might not be enough and when the creditors state ‘no!’, then the Greek default could be regarded as the next reality. By the way, the quote from Bloomberg (regarding the legislative act of Greece) is: “Central government entities are obliged to deposit their cash reserves and transfer their term deposit funds to their accounts at the Bank of Greece,” the presidential decree issued Monday said on the government gazette website. The “regulation is submitted due to extremely urgent and unforeseen need”, I wonder what unforeseen need they might imply, because there was very little un-foreseeability regarding the strapped cash issue, that part was almost crystal clear when the previous payment was barely made.

The only thing remaining is to keep an eye out on the quotes from Pierre Moscovici for the next 48 hours, it might be interesting to see the ‘swing’ it holds (if it swings).

Leave a comment

Filed under Finance, Media, Politics

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

January 9, 2015 · 15:25

The Cat and the Bacon

I have written about the economy on several occasions, I always proclaimed that it was pure insight as I saw it and that I do not have a degree in economy, I am an analyst. Yet today these borders of non-knowledge might get stretched a little further than previously shown. Today is all about the Euro!

I personally never believed it to be a good idea. We saw how all these politicians were proclaiming on how ‘good’ it was for the economy. Was it? You see, it might not matter for the bakery on the corner, the grocer next door or the butcher across the street. It matters to the giants of industry and how it benefits there bottom line, the extra coin for the members of the board, not for the people in the stores, that image tended to be a virtual one, it virtually did not matter at all!

I saw how the change of coin, from the Dutch guilder, things suddenly seemed to be 50% cheaper (2 guilders equalled one euro), but the math is easily made there. What those people experienced that buying a chicken on the market was 6 guilders, it became 3 euro’s, but then what? In a little less than 4 years that chicken from the same dealer ended up being 6 Euro’s. An annual 25% hike in prices. The chicken example is a little extreme and many articles did not raise that quickly. Some will mention the issues of milk in the Netherlands, but that is an issue much more complex and the Euro itself is only a small fragment there.

So, could I be wrong?

That is centre in this debate. I could be wrong, but it is very likely that we are all looking into the wrong direction. It would be nice to blame places like Greece, and they are definitely having an effect, yet the issue is not the EEC, it is more and more pointing towards America. You see, we are all in a bad shape, no one is denying that, yet in American, things have not gotten any better for a long time. Let’s face it, some people are now shooting at the police for fun, or for reasons of aggravation and despair. The people in America are suffering in many ways, but the all holier than DOW keeps on rising in addition, their currency is massively on the up, which under the issues showing, seems a little too good to be true, it an assumption, but is it fair and correct?

That remains to be seen, when we look at the Guardian, we see (at http://www.theguardian.com/business/2015/jan/08/euro-dollar-1999-levels-deflation-oil), the following: “Recent data for the Eurozone has proved weak, with inflation falling and unemployment rising. Italy remains in recession while France has seen consumer and business confidence wane. Only Spain and Germany among the major economies have appeared to gain in strength, though Berlin has failed to kick-start GDP growth and Spain still suffers from an unemployment rate of 25%“, these are facts, they are not in denial, but where are the results of the UK (which were not great)? You see, these facts are true, but there is more to consider (besides Greece dragging the EU down). What about Sweden and the Netherlands? Not the greatest economies compared to the big 4, but still sizeable ones, we can admit that they are all struggling, yet the fact that we see a ‘propagated’ booming economy in America needs to be addressed too.

Who statistically has a job?

When we consider an article in Forbes last August, where we see “My friend and the waitress are victims of a massive but hidden problem called underemployment. Watching falling unemployment numbers being reported at 6.2%, down from nearly 10% four years earlier, is simply misleading“, attached to a headline ‘Tackling The Real Unemployment Rate: 12.6%‘ (at http://www.forbes.com/sites/louisefron/2014/08/20/tackling-the-real-unemployment-rate-12-6/), we get to see the picture that the people are living, Wall Street is ignoring and  the current administration of the US is misrepresenting. So is the Euro doing this bad, or is it dragged down by a misrepresenting nation carrying a 17 trillion dollar debt? By the way, did we not see something similar with Tesco and a few hundred millions misrepresented? How did THAT turn out?

When we see this quote in Forbes we see the real danger “741,000 discouraged workers – workers not currently looking for work because they believe no jobs are available for them – are included within the list of marginally attached people. Another 7.5 million were not considered unemployed because they were employed part-time for economic reasons. Those people are also called involuntary part-time workers – working part-time because their hours were cut back or because they were unable to secure a full-time job“. The danger is twofold, how many of the 741,000 are over 50? It seems that companies, especially those with younger, inexperienced executives are afraid to hire people with skills and know how. In regards to the 7.5 million part time workers, does that include those Wal-Mart people, who need to rely on food stamps and all kinds of other support systems? I am not debating their need, more that the owners each walked away with well over a billion in 2013, whilst its staff was on governmental food stamps. How does that ‘boom’ your economy? It almost reads like ‘gangbang’ for your buck whilst the governmental administration bends over, a lack of fairness on more than one front, one could state!

Booking a balance!

You see, the unbalance goes a lot further, the US as a nation can float its currency, this is not a bad thing, normally every nations does it to some extent, to weather a really bad time, so that business and consumer is not hit with weird spikes, it is an issue that has happened for a long time and it will continue to happen, yet the Euro does not have this privilege, these economies are set to what is done in Bruxelles (Brussels), and as such, it is likely impacted by spikes to some extent. However, as their currency is spiking downwards against the Dollar, which seems to be decently overvalued, we get a new danger that the drag will continue, whilst no one seems to be looking and the bubbled version of the US Dollar. So is my non-economic view correct, right or wrong? Yes, there are three options, because, what is correct may still not be right.

Consider, that the Euro nations are not doing so well, which is true after all, that fact does not make the dollar better does it? It is correct that the dollar looks better because the Yen and the Euro looks less good, but the economy in America is not booming, if it were, we would see a lot more people gainfully employed without the need for government support, you see, here we get to the matter on what is correct and what is right. If the US is having a virtual boom, we are judging the US on merits of misrepresentation, which by the way might not be illegal, but should an economy not be held to its cost as well? The US debt is still increasing; the people (a large amount) are not paid to a level of being self-sufficient. We see an economy that had made the thirteen amendment in 1865, there we see “Neither slavery nor involuntary servitude, except as a punishment for crime whereof the party shall have been duly convicted, shall exist within the United States, or any place subject to their jurisdiction“, in 1867 the US got the Peonage Act of 1867, where Congress abolished “the holding of any person to service or labor under the system known as peonage”, as well as specifically banning “the voluntary or involuntary service or labor of any persons as peons, in liquidation of any debt or obligation, or otherwise”, now this all sounds pretty clear, and having a job is not this, but when a population is forced to work for scraps, whilst still requiring food stamps, it seems that we now have an issue. no one is a slave, but under the conditions where the very rich grow their fortune at well over 30%, whilst those on average grow less than 2%, we should clearly see that the balance of fair play is no longer anywhere in sight. I am not against making profit, it is a capitalistic form that has merit, yet when we see six members of a family, each making a 9 figure number, whilst the 1% of America it employs makes less than the line of poverty, we need to ask serious questions. In addition, as we see a group where they deal in articles that are from questionable sources (at http://www.theguardian.com/global-development/2014/jun/10/supermarket-prawns-thailand-produced-slave-labour), where the quote “A six-month investigation has established that large numbers of men bought and sold like animals and held against their will on fishing boats off Thailand are integral to the production of prawns (commonly called shrimp in the US) sold in leading supermarkets around the world, including the top four global retailers: Walmart, Carrefour, Costco and Tesco“, we are confronted with a governmental issue, where it allows for profit at expense of its own industries in Louisiana, Alabama and Mississippi. We can acknowledge that the oil spills have been detrimental to the health of the industry, but when the big players get their goods overseas, how can any economy recover, especially as these overseas players (as implied by the Guardian), can rely on profits through slave labour. This goes further than just the shrimps, other food items or clothing. It shows a disconnection from the people, you see economies are more than just behemoths, we could see them as parasitic in nature, which sounds wrong, but is actually very correct. The retailer lives off the people, but can only do so if the people can spent. It is a symbiotic relationship; it requires the host to remain alive. Large businesses have forgotten about that, they focus on where the profit is, not on the required equilibrium, so as places like India grew form a third world market into a super economy.

Cycles of equilibrium

The people outsourcing, seem to forget that its own population is every bit as important, so as that group falter, so will businesses slowly but surely. As we see that cycle progress, is it not strange that the US Economy remains booming? A nation with many people unemployed; even more people in a state of poverty; 15% in poverty, this gets us a little more than one in seven in poverty, meaning that big business is now relying on revenue based on the remaining 5 out of 7. It looks nice in a statistical model, but as the overall quality of life goes down, that group of 5 will dwindle down too, when that happens, the economy will falter in new unprecedented ways, leaving the only option that a few people walk away with all the money they can carry to their own island and the rest is left without anything. This can be read as misrepresentation as well, but is it far-fetched? that part is not a given until we see an actual economy that truly improves, which means that the poverty line descents, people will start having a liveable income, that will give rise to shops needed and more jobs created and all that opts for the US national debt to go down by a lot, something that this administration has not achieved, more important, it might take 2-3 administrations for that debt to be addressed in any way, shape or form, which only fuels the wealth of banks and financial players. If it is addressed too quickly, the poverty line could soar far further then 21%, giving an instant crises in the US that goes beyond the imaginations of many and will be one nightmare Wall street did not foresee to this extent. Yet how would that affect the Euro? Well in two ways, as the US people will become more and more desperate for jobs, suddenly the economy looks even better on our grass, but it is an ‘economy’ for the wealthy living, the rest will see a further drop in living conditions (an assumption on my side)

So as big business ties the cat to the bacon (meaning: opportunity knocks), we must wonder how these elements call for a booming economy as an economy is reliant on people spending money, buying items and none remain to do just that.

You see, there seems to be a fluctuation on what an economy is (seriously!).

The first one we see is: “the state of a country or region in terms of the production and consumption of goods and services and the supply of money“, which is what we all believe it to be, yet the second meaning “careful management of available resources“, which we can take as “offering good value for money” and “a financial saving” last there is “the cheapest class of air or rail travel“. Weird or not, they all apply. I got them straight from the Google dictionary.

Now when we mash them we get: “the National state in terms of the production, the cheapest way possible, whilst advocating good value for money, whilst ensuring the highest efficiency in regards to managing our available resources, whilst optimising consumption of goods and services, ensuring the best supply of money through contribution“. Does that not sound very familiar? You see, it seems like a booming economy, if you are getting the money. The consumer is left with the option, whilst not guaranteeing a pool where such sufficient income can be maintained, almost a death pool of discontinued certainty.

So, how did we move away from the Euro? Well, I actually did not, you see, these elements have been a factor with American companies all over Europe, now consider how much taxation they did not have to make due to tax havens and specific invoicing? You see, a government is depending on its coffers to be filled so that there is a growth and continuation of an economy, whilst these corporations are now stating that this inherent side of the symbiotic relationship was not theirs to care for. Now we see and a loss of balance as well as a first glance on how dislodging an economy can have long lasting effects. As the Euro has less ‘floatation’ options and as some unbalanced it even further, we now see no options on the Euro side, whilst the Dollar has legal options to float its currency, unbalancing the amount further, the upped representation does the rest!

Blame Game

Now, it is important to see that I am NOT blaming the dollar for the Euro, yet it must be said that those behind the Dollar (businesses) have presented themselves overly good, so there is a secondary effect, whilst we see more and more often a changing scale of what is to be reported on. Let us be clear, several EEC nations have done this in the past, but the balance is now changing further and further, giving no one a clear view of what is real, we see presentations that are all a little out of whack, so as Europe starts its plan of credit easing, we will see the numbers jump, yet in what direction cannot be predicted (not by me at least), because, if investors walk away ‘en mass’, no credit easing will do any trick, if you doubt that then look at India, is it not weird that NTT DoCoMo / TaTa, the big winner of 2013/2014 suddenly wanted to dump its one billion share? Is it not strange that in this ‘booming’ economy, all are looking on the inside? Is a booming economy not about growth? So as we ‘see’ a growing economy, is that not (usually) a sign of growth? So why are the mobile providers T-Mobile, AT&T, Sprint and Verizon all steering clear of the Indian market that is seemingly up for grabs?

So is the US economy booming, or is it going boom-boom?

 

Leave a comment

Filed under Finance, Law, Politics

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

January 7, 2015 · 21:41

As we judge morality

This all started a few days ago, I was unsure what to think, for the most I remain in a state of disbelieve. I was also one of the last to come on board on the train regarded Rolf Harris. I could not believe his guilt, even now there is a sense of surrealism here. You see, when we see this larger than life types, their lives and fame, we see a life that we expect to be glitter and jet set. These people are in positions were we expected that women would throw themselves at them. In that regard we often see those who are beyond normal wealthy. Especially when we see men like that, who look a lot better than the average Joe Worker (like me). Why would they bother with certain acts, when women want these men all the time? You see, as you read this, this is all assumption. It is a view that me, myself and many of my fellow man believe to be the truth.

So when we see accusations against a person like Jeffrey Epstein, until he had been found guilty, we tend to regard them as the fantasies of a woman trying to score it big.

But the Law taught me to look at all sides, to be critical and to remain on the fence.

When we look at the Epstein case, we see that the press is all over the innuendo, but what about the facts? In addition, the circumstantial facts involved should count to some extent too. The smoking gun had the affidavit which would be really nice, but now, I can only get the first page to load, the rest is no longer there. Fortunately, ABC News had the goods (at http://abcnews.go.com/images/WNT/Palm_Beach_Records_Epstein.pdf). This report is more than just a smoking gun, even if there is one, perhaps more than one event where (as stated in the affidavit) that the girls claimed to be 18, there is at least one that mentioned that she was 16, now we have ourselves a game of balls!

Florida Statutes, § 794.05 (at http://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&Search_String=&URL=0700-0799/0794/Sections/0794.05.html), gives is the issue that it is statutory rape. A child who is at least 16 years of age and less than 18 years of age cannot consent to sexual activity if the defendant is 24 years of age or older, at least one girl has stated that he was 16, he was very much beyond 24 (almost a quarter of a century), however, the plot thickens by a lot after this, you see, when we look deeper, via for example www.findlaw.com, we see the following: “To prove a rape offense, a prosecutor must establish each of the elements for sexual battery given by state law. As required by the Florida statute on sexual battery, the prosecutor must show that the defendant engaged in oral, vaginal, or anal penetration of the victim with a sexual organ or another object. Alternatively, the prosecutor must prove a union by the defendant’s sexual organ with the victim’s mouth, vagina, or anus“, if you reread the affidavit after knowing this, then the report present itself to be a manifest of what a man can get away with, knowing he is doing something wrong, even though there was penetration at least with one of the women, the document reads (implied as how I read it) as the work of, not as he himself states as a predator, but as a manipulator. I actually cannot conclude what is worse; did these victims consider that they were meeting not with a ‘sugar daddy’ but with a masterful manipulator? When we consider sentencing guidelines (at http://www.dc.state.fl.us/pub/sg_annual/0001/intro.html) that a second degree felony gets you a hotel ‘Iron Bars’ stay for up to 15 years, his 18 months seem extremely light under these conditions, even with the top lawyers he was able to afford. However, when we look at the statistics when we continue the Florida DOC pages, we see that his sentence falls within the 45% that were convicted for the same crime severity, 30% got up to 2 years more than that, yet, this all falls into a field where less than 25% went to prison and over 50% got probation, so as I see it that he did not get anything ‘lighter’ then implied by the maximum punishment, through his wealth he could have ended up on the probation group.

All this happened after an investigation of 11 months; now we get to accusation regarding Prince Andrew in the Guardian and several other papers (at http://www.theguardian.com/uk-news/2015/jan/06/palace-prince-andrew-links-jeffrey-epstein). You see, there is something seriously wrong here, which is why I was happy that the internet has so much, including the affidavit in PDF form, which several sources had for some time. The quote “claims made last week in a Florida court by Virginia Roberts, a former masseuse employed by Epstein, that she was forced to have sex with the Duke of York over 10 years ago, as well as the Harvard law professor Alan Dershowitz“, now becomes central in all of this, especially in light of the affidavit by the Miami Police. The document shows (as I see it) a manipulator, one that never held anyone against their will, and who paid each girl/woman involved. This all looks wrong, a manipulator would not resort to violence, in addition, there is nothing indicating any indecent act EVER by Prince Andrew.

The issue takes on another turn entirely when I read some of the news as portrayed by ‘journalistic’ sources. You see, the headline ‘Virginia Roberts’ new lease on life after escaping from billionaire sexual predator Jeffrey Epstein‘ reads mighty strong in the Sydney Morning Herald on January 6th 2015, as well as some of the headlines as we see the Daily Mail in the UK, yet when we see the quote “Virginia Roberts was allegedly kept as a sex slave by Wall Street financier Jeffrey Epstein and was forced to have sex with the Duke of York” we should look at all the angles. Yet, these so called newspapers are all about the emotion and little about the facts. Is it not weird that it took me less than 15 minutes to find the affidavit, and find that the officer involved Detective Joe Recarey, is now a retired police officer, still working and he is also on LinkedIn. Did anyone talk to this man? When someone is on a case for this long, is this distinguished (80 commendations), you might want to consider being an actual journalist and look into the matter, especially when it is about a member of the Royal family, or am I oversimplifying things again (as I usually tend to do)?

If we consider the ‘allegations’ by the Mayor of London (Boris Johnson), the man with a hairstyle not unlike Donald Trump had the following to state: “Prince Andrew, let us be very clear, is a guy who does a huge amount of unsung, unheralded work for this country. People go on and on about air miles and so on. But I’ve seen that guy get out there and sell this country, try and help British firms get business around the world“, that is one side of him, we can all agree that his connection to Epstein would be a bad idea, so when we read more Daily Mail junk with the headline ‘Prince Andrew’s billionaire paedophile friend given permission to land private jet at RAF base for visit Sandringham‘, we might all get a little unnerved, yet suddenly the small fact emerges: “The flight log of Epstein’s Gulfstream revealed it touched down at RAF Marham on December 7, 2000, before he was hosted by the Andrew at the Queen’s Norfolk residence“, which was half a decade BEFORE the Epstein case started, so is this just more junk and badly investigated trash, which relies on circulation through innuendo.

It is somewhat sickening to see that the press might be the fuel for falsely alleged trials and claims. Yet, I must also be aware that I need to remain on the fence as fair and as balanced as possible. The question becomes: “How much contract has there been between Jeff Epstein and prince Andrew since the conviction of Jeff Epstein?” there is no answer in any of the articles as I saw it and the allegations are about events more than a decade ago, which would have made it important, for any level of reliability to talk to former detective Joe Recarey, interesting that no one either tried this (and reported on the attempt) and no view from that side was given, it seems to me that someone investigating this for such a time might have interesting sides to show, but that might also immediately show the innocence of Prince Andrew, which calls to question the motivation of the press. Are they just about revenue and the ‘excitement’ factor, or are they about properly informing the readers. I will let you decide, but the fact that I got you some of the facts in less than one hour should also give light to work that these papers produced.

How the case progresses will remain an unknown for some time. I cannot judge on hearsay and all this might not reveal any valid levels of evidence, or they might, time will tell, yet the fact that all this comes to light almost a decade after the conviction of Jeff Epstein is what I personally regard to be a factor too. It is my personal believe that the claim would have had a lot more weight if it had been done either when the trial was on, or soon after the conviction, not a decade later. Yet when we consider the Sydney Morning Herald in the article that does offer something (at http://www.smh.com.au/world/why-the-prince-andrew-accusations-are-surfacing-now-20150105-12hz27.html), we should consider the following: “the US Attorney who agreed to the plea deal with Epstein now appears to believe it was too lenient“, which cannot be denied, yet the statistics as offered by the DoC showed that 65% of the people in this category got this sentence (if I read this correctly at http://www.dc.state.fl.us/pub/sg_annual/0001/desclevels.html), we see that over two years, around 45% got such a verdict (offense severity 6), whilst over 50% ended up with probation. My issue with statement “Prince Andrew’s relationship with Epstein is well known and has been a source of controversy” is that I have found no links to their ‘relationship’ after his trial, there is every indication that their paths might have crossed, but if we accept the statement by Boris Johnson, then there is every chance that the Prince will enter a room filled with billionaires, which (likely) means that less reputable billionaires will be present. If we limit a person by who might be there then we can pretty much end the option of doing any business, so if this is about morality, then try to visit Cannes next year, you will likely meet several dealers in narcotics, weapons, at least one chemical weapon dealer and possibly people who used to supply Muammar Gaddafi and Saddam Hussein. So will you go to Cannes and shake hands with Bruce Willis, or will you stay at home and watch a DVD?

False morality is a state of delusion and morality often relies on false believes; so when we judge it should be on facts, in this case we see a lot of articles and many of the facts there are absent, misstated or severely out of date, why is that?

Palm_Beach_Records_Epstein

4 Comments

Filed under Finance, Law, Politics

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

December 22, 2014 · 10:51

The shrinking EEC

It has been in the papers and the paperwork for some time now. It is getting close to a certainty that the EEC is now in jeopardy of losing the UK as an EEC member.

And my reasoning is?

Well there is more than one reason, but the number one spot at present would be Ukip. As the EEC courts are adding legalisations into the mix of the UK stemming the influx of illegal wannabe residents, they are only fuelling the Ukip engine that will denounce membership to the EEC, it should be clear that this is getting to be an increasing view of consequence. I wonder how large the panic will be when the EEC GDP gets downgraded by 15%, which must be the stuff of legendary nightmares for Wall Street and several other zip codes that are managed by an abundance of financial institutions. Where their ‘survival’ depends on posting a +0.015%, -14.5% is ample reasoning for speculators of all shapes and sizes to leave the building via the exit in their windows (opposed to taking the stairs or elevator). Well, that at least might open up affordable housing for some, so there will be winners there too. That downgrade would potentially buckle two currencies and around half a dozen nations in one step.

So as we see these ‘humanitarians’ fight for the rights of those misusing their rights at the earliest convenience, be aware that once your savings are gone, feel free to thank those human rights courts as well. Now, let me be frank, I am all for human rights, I think that Human rights are essential, but what we now consider to be a Human Rights ‘issue’ should be regarded as debatable too. It is almost like faced with a group that will settle for any small ‘victory’ whilst ignoring the massive issues that should be on their actual radar. One could even speculate that these people and those judges will do ANYTHING to avoid making the changes that actually matter in a Human Rights environment.

The first issue linked in all this is the article we see titled ‘Migrant overstayer figures swell to more than 300,000, watchdog reveals‘ (at http://www.theguardian.com/uk-news/2014/dec/17/migrant-overstayer-figures-swell-watchdog-reveals). We see the quotes “John Vine, the chief inspector of borders and immigration, revealed the existence of a further 223,600 records of foreign nationals who have overstayed their visas, all dated before December 2008, in a report published on Wednesday”, as well as “fewer than 1% had left the country as a result of their intervention“, so we have a quarter of a million people, using a system where possible, where the system is not equipped to deal with such additional numbers. We can go all huffy and puffy on the quote “even killers had been given British passports because of lax Home Office character checks“, where were these crimes committed? And if the home office checks are lax, should we blame immigration, the system or the pressure of papers? I am asking as I am not certain where and if there is blame to dish out at that point. What is clear is that this system is broken and people have had enough. We do however need to take into mind the last quote there which is ““New powers in the Immigration Act are restricting access to work, housing, benefits, healthcare, bank accounts and driving licences of illegal migrants, making it far tougher for those with no right to be in the country to stay here.”“, which of course will further drive up crime and disease issues. I know I am just stating the obvious, but at large I have seen people ignore the obvious for a decent long time, so there!

The second article ‘Non-EU family members do not need visa to enter UK, says European court‘ (at http://www.theguardian.com/uk-news/2014/dec/18/non-eu-family-members-visa-uk-european-court) is what is driving issues on several parts. If they do not require a visa, that means that they can enter whenever, which also means that they get limited access to services already stretched to the point of collapse as it is now. Ukip gets a lot of support when they translate the Dutch writings of R.H.J.M. Staring called ‘Reizen onder regie: het migratieproces van illegale Turken in Nederland‘, the migration of illegal Turks into the Netherlands. If we believe Geert Wilders from the Dutch party PVV, we see a cost in the Netherlands close to 13 billion for 2010 (when the article was written) against a total 200 billion for the 4 decades as mentioned. there is no real defining number, giving us no real inside whether these numbers are true or not, yet the fact that the Dutch government has abstained to truly investigate this, gives rise to the fact that the costs are a lot higher, and the consequence of those numbers becoming a factual dimension is what scares the current government, the numbers might be high enough for people to seriously regard the PVV as a party, as such that same fear would hit the UK as those shown costs would give further rise to the increasing growth of Ukip, one thing all three parties are truly scared of. So as we see the national population spread to a solution that lowers their costs, gives better care and reduce the abuse of a social system, the illegal immigrant is soon to become the new pariah in nearly any nation. As such, this European court finding is not just a nuisance, it is the tinderbox to a powder keg too many ignored for too long.

So as we see judgement on one case that might have been ignored, as an issue, where we see the quote “Colombian wife of Sean McCarthy, a dual British and Irish national living in Spain, did not need a UK visa or family permit to visit Britain“, we are confronted with the realistic fear of non-manageable influx. So the fear of what legal and valid immigrants like: 730,000 from India, 465,000 from Pakistan, 640,000 Polish, 180,000 Nigerians and 100,000 Romanians will bring the UK, if one in ten brings over a relative, the UK will be confronted with an additional quarter of a million, whilst this is only 5 from the top 20, that number could end up being a lot higher, well past the Home Offices ability to clean up a system, which might have been regarded as out-dated less than a decade ago, and the UK is not the only nation where this issue plays.

So overall this verdict could be the coffin nail, financial institutions has tried to avoid, hoping that they could leverage a ‘survivable’ solution for themselves, when this goes pear shaped, the courts will have an entirely different scope of horrors to contemplate. If we consider the consequences of the events in Martin Place in Sydney, where we see the unacceptable abuse of Muslims whilst in prayer (at http://www.bbc.com/news/world-asia-29781967), we see a change to actual Human Rights that are not looked at to the extent they should be. It is a worry. When one crazy individual with a gun can get this started in Australia, what happens when the social system in the UK gets pushed beyond breaking? We have seen plenty of shouted claims against these 5 groups in the past, when the illegal immigration goes beyond a certain point, how safe will the legal and valid immigrants be? That is the worry some part that is overlooked at present. It is a part that Ukip cannot (and might not) ignore, but the fallout and the timeline of that fallout will push a lot of people and families in danger. As the European courts considered and possible did the legally right thing, they might end up not having done the correct thing.

In the end the EEC is an economic thing, the European Union is at its foundation a set of economic rules, the imposing of changed laws for nations, whilst it core is adhering to an economy is faulty at best (even more faulty when that economy collapses to the extent it has). By removing areas of self-governing the EEC is setting a different precedence, one must then wonder whether the identity of any nationality will allowed for the EEC to continue, once that is answered in the negative, those members might not want an EEC future, a danger that is not just contained within the United Kingdom, there is a growing wave of concern that France is getting to that consideration point a lot faster than most economies can correct for, France might not wait until 2017, the main reason is not just Marine Le Penn, it is French pride, which is not in light with the foundation of the EEC and we can add the lack of catering to French Pride by President Hollande, it only gives additional worry to all involved. We can admit that the economic slump was not due to Hollande, but not resolving it will be blamed on him. This beckons additional fears for the economy, once that critical point is surpassed all bets will be off and those with invested life savings might not have any savings left soon thereafter. So buy that house, that vineyard and that business, because owning what you have without debts will soon be a better position than having the status quo with your investments junked, the one fear Wall Street pushed forward too often with less and less options of keeping that value intact.

When people are in fear of losing the simple parts of life, parts that were always there, when that continuation is endangered, they will act in unexpected directions; Nigel Farage and Marine Le Penn are pretty much counting on that and so far they have yet to be proven wrong.

Leave a comment

Filed under Uncategorized

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

September 29, 2014 · 22:50

Vindication

Today is turning out to be a nice day after all. I have made mention on more than one occasion that I am not an economist, I am an analyst and for some time now, the numbers have not been adding up. Certain action had been taken and they never made sense. The issue I had is that because the press seemed not to dig into this gave a decent amount of persuasion that I might have been wrong, which would have been fair enough, yet I know data, I lived data for decades and the numbers just did not add up.

Yesterday I saw a first glimpse, and today there is now a clear indication that I had been right all along. Goldman Sachs had been a part of a lot more than many can fathom. So whilst Cuppa Joe and the press at large has all been about the ‘naughty’ intelligence branch, they all ignored the trap behind it and let the banks do whatever they damn well liked.

One step back

The first inkling was Goldman Sachs directly in my blog ‘Banks, eunuchs of a new congregation‘ of February 7th 2013, more than 1.5 years ago! In there I gave this quote: “It is almost that there is a voice whispering in the ear of Dutch Finance minister Jeroen Dijsselbloem. The whispers seem to be about the Bad Bank and the whispers could involve Goldman Sachs” and “This thought was also mentioned by Rolfe Winkler at the New York Daily News. How is it even possible that a company that seems to have been one of the major reasons for the financial meltdown be regarded, or even ALLOWED to make any continued presence?“, this would get followed by my blog ‘The Italian menace?‘ on February 10th, 3 days later. “Berlusconi, who said he won’t seek the executive position but rather prefers to become Finance Minister, has seduced the masses saying he will repeal a property tax imposed by Monti, returning about €4 billion“. These elements are all in league with one massive step. As these members are directly linked to Goldman Sachs. Not just Berlusconi, it is also Mario Monti who has direct links to Goldman Sachs (at http://www.independent.co.uk/news/business/analysis-and-features/what-price-the-new-democracy-goldman-sachs-conquers-europe-6264091.html). The independent article shows even more, steps that I had not looked at (for various reasons). Yet, overall Goldman Sachs has been keeping their fingers in all these pies.

In the near past

As we look at the events in the near past I wrote ‘Two deadly sins‘. It was November 27th 2013. There we see the following quote “After the issues we had seen in the last 3 years, I started to doubt the correctness of the Dow (and I reported on that in past blogs). It goes up and up, but with JP Morgan Chase, Goldman Sachs, VISA, American Express putting pressures on those numbers, the three big boys (drugs) could rock the boat in a massive way, which scares Wall Street to no extent. Greed and Treason, it is all connected and it hits us all critically hard sooner rather than later!” I had no idea that I was so much closer to it all then I thought. That part has just been made clear!

Now

The Huffington post (at http://www.huffingtonpost.com/2014/09/28/elizabeth-warren-new-york-fed_n_5896778.html), has just release this article stating that “Sens. Elizabeth Warren (D-Mass.) and Sherrod Brown (D-Ohio) are both calling for Congress to investigate the New York Federal Reserve Bank after recently released secret recordings show the central bank allegedly going light on firms it was supposed to regulate“, but there is more, like a bad infomercial from TV we see the added flavours that would silence Dante Alighieri and reduce Niccolo Machiavelli to a mere checkers player when we consider the additional quote “Segarra says that she was fired from her job in 2012 for refusing to overlook Goldman’s lack of a conflict of interest policy and other questionable practices that should have brought tougher regulatory scrutiny“. So, this was NOT just the banks, this seems to imply that the US government themselves have been linked to the massive degrees of freedom that Goldman Sachs has been enjoying. So that leaves us with the thought that the EEC is not enjoying any freedoms at all, it is enjoying the allowance to decide on how much they all are in debt to Goldman Sachs and whatever is behind them. Because, a choice of one is not a choice, it is a directive and now we see the amount of people that have been involved in orchestrating all this.

I wonder if the mentioned 48 hours of taped conversations will ever make it into the daylight, chances are that this will get locked up real fast. As the American people were so smitten with a joke called Snowden, they all got played into the side where the banks were given freedom of movement through all this and the press at large did NOTHING to truly look into the dangers their populations faced, it is the ultimate Machiavellian play.

I particularly liked this quote “In one instance, she said she alerted a colleague that a senior compliance officer at Goldman had said that the bank’s view was that “once clients became wealthy enough, certain consumer laws didn’t apply to them.” Segarra claims that her New York Fed colleagues asked her to ignore the remark and change meeting minutes she had taken, which contained evidence of what the Goldman executive said“, which basically means that the rich do not just get a free play in the game, they remain unaccountable beyond a certain point. Did we who will never be rich sign up for that? I have no issue with people becoming rich, providing it is through non-criminal ways, yet the fact that this also implies non-accountability to the law is an entirely different matter. If you think that this is not an issue, then wonder what a firm like Microsoft is getting away with or Goldman Sachs for that matter. It is easy to remain unaccountable when the lawmakers are in your pockets.

Recently

Now this all links to another party, who only recently got visible thanks to a ‘dubious’ ideologist as he exposed the Swedish left winged system. I am talking about Natixis! Its assets exceeds well over half a trillion dollars, not bad for a French bank! Why are they here? You see, I always saw that there was more to Goldman Sachs, yet as my stories were never explicitly about Goldman Sachs, but about events that involved them, Goldman Sachs was clearly on my radar. Natixis until the Swedish election was not, nor needed it to be. Yet when we look at their Portfolio of Investments – as of December 31, 2013, we see that they are linked to the bulk of large corporations and their financial needs. They also have a nice little chunk of Goldman Sachs. Now we have a race, because together they hold over 1.5 trillion in assets. Are we all awake now?

Two corporations with the power to shift, change and pressure government oversight in America and pretty much the entire European Economic Community, is more than just a nuisance. Remember how Goldman Sachs promised (read threatened) to transfer a substantial part of their European business from London to a Eurozone location – the most obvious contenders being Paris and Frankfurt. It was a statement by Michael Sherwood, co-chief executive of Goldman Sachs International (at http://www.theguardian.com/business/2013/dec/04/goldman-sachs-warns-london-exit-britain-eu), at this point we get to wonder whether it was a business decision, or whether it was a phone call from a person with direct access to the ear of the President of the United States (yes the last part is an assumption on my side, but is it such a wild one?), if any of this is ever confirmed, I reckon that this is the one straw that breaks parliaments back and results in a shift of power to Ukip so fast it will make all the heads in Whitehall spin.

This is just the parts I got a hold on, I feel certain that a REAL investigative journalist (if one still exists) would have been able to find a lot more, yet nothing has made the papers in this regards for close to two years. You should really start to ask the question why!

Because, when we see the press entrap MP’s with fake profiles, whilst ignoring these levels of power, then the press has failed on so many levels it is not even funny anymore.

Tomorrow

Today is the start to plan for the questions that many should be asking government and the press tomorrow, the press because they seem to be asleep at the wheel, asleep that two companies have so much power that they can set the entire political tone. Freedom has never been about this. Freedom lost, because of what I regard to be cowardly (and possibly greed driven) politicians who are enabling a group to be flaccid economists to empower wealth and greed and condemn us to consumer based slavery until our numbers are no longer balanced as profitable.

How can we ever attain a better life, or in regards to the links that I recently discovered any form of a healthy life at all? Will be see vindication, but who in the end gets vindicated is an entirely different discussion.

Leave a comment

Filed under Finance, Law, Media, Politics

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

September 8, 2014 · 20:41

The Toothless tiger

It is roughly 1,544,400 minutes since we saw this message “The newspaper and magazine industry today takes the first steps towards setting up the Independent Press Standards Organisation, the new regulator for the press called for by Lord Justice Leveson” (at http://www.newspapersoc.org.uk/08/jul/13/independent-press-standards-organisation, in July 2013).

So when I saw the words ‘press’, ‘regulator’ and ‘sham’ together in one sentence (at http://www.theguardian.com/media/2014/sep/07/victims-press-regulator-ipso-leveson ) I was not that overly surprised. Let’s not forget that the implied innuendo in regards to the press cleaning up its act was never a reality.

You see, after all that visibility, on March 25th we see the report from the Daily Telegraph with the headline “Flight MHG370 ‘suicide mission’“, was anyone even surprised that the press regards themselves ‘beyond the law’?

Yet, if we are to properly assess the situation, we must therefore also allow matters of defence. So what is the issue that bites us so much? The letters from the 30 victims of press intrusion stated to Sir Alan Moses the following (as stated in the article of the Guardian):

“By rejecting the majority of Lord Justice Leveson’s recommendations, the paymasters and controllers of Ipso are rejecting due process”

“In its current form, Ipso retains no credibility with us or with the wider British public.”

It furthermore states: “it was not truly independent, breaches of the industry code of practice would go unreported and unpunished, and there would be no effective and transparent investigation of serious or systematic wrongdoing“.

Now, after what happened in the hacking scandal, I am all for bashing the press, but let us all be honest, if we are to convict a group, let us do it for valid and preferably legal reasons.

About these pictures!

This all links to several issues that I wrote about in the past few days, Jennifer Lawrence and Kate Upton might be the most famous ones, but they are by no means to most important ones (I feel for these victims, but reality shows us bigger problems). Yes, there is an issue that links to Zoe Quinn and Anita Sarkeesian. If we go by the words of Reddit, we should use the quote “The site, which had an online forum named ‘The Fappening’, was one of the main places the hacked nudes were being posted and the website has now banned the page, six days after the photographs of the Hunger Games star first surfaced. It is thought the main reason bosses have finally pulled down the forum is NOT because of the J-Law snaps, but because photographs of Olympian McKayla Maroney which were also posted on the site are believed to show her underage.” which came from the Mirror. These places have been hiding behind the ‘innocent disseminator‘ flag for far too long. Their income is real and based upon bandwidth. If we want change, then perhaps forcing a tax bracket on bandwidth, especially with a bankrupt America, might be a novel way for debtors to get their coin back. Yet this is not about that. The fact that Jennifer Lawrence is now partially safe is only because another victim was a minor when the pictures were taken. This makes for a massively inhumane disaster and one that also affects the press. It is interesting that when we look at the name McKayla Maroney we see two events, both the hacked ‘under-dressed’ images as well as the Gamergate reference to Zoe Quinn and Anita Sarkeesian.

Vox Media stood alone

It is Vox (at http://www.vox.com) who seems to be on top of it, so we see one place, which might be regarded as ‘trivial’ by some covers the real issues that many ‘major’ papers have been ignoring all over the US and in places far beyond the US. You can read their words in depth at http://www.vox.com/2014/9/6/6111065/gamergate-explained-everybody-fighting. It is well worth reading; however, there are a few parts I do not agree with. Let’s go over those, for they are all linked.

Here is the first part: “If it was just to bring attention to Quinn’s personal life, that’s, as stated, already happened. And if it was to create better ethical disclosures in online journalism, that’s happening, too. The Escapist is drafting new guidelines, while Kotaku is now forbidding its writers from financially supporting independent designers on Patreon, a popular method for backing independent artists, unless the site’s writers need to donate to Patreon for coverage purposes (since many developers release material first to their Patreon backers). And Vox sister site Polygon requires disclosures of this sort of support“.

I do not agree for the following reasons:

  1. If we look at the press at large, Quinn’s plight is less than a hot drop on a plate. “Jennifer Lawrence”, “Nude” and “shoot” gives us 41 MILLION hits when we use all the keywords. “Zoe Quinn” gives us 70,000 hits with less than a dozen reputable sources (including Vox Media). So, I think we can safely say that visibility is not even close to being a factor there.
  2. Better ethical disclosures in online journalism? Sorry, but are they for real? Most of these writers have never seen a class in ethics, it is also likely that some of them cannot ever write ‘ethics’ correctly. That being said, many of them write for mere passion on games, their transgression of alleged ‘corruption’ usually goes no further then receiving the free game. How corrupt is that? In all this, my issue with Gamespot has almost forever been with the open sponsor Ubi-Soft. They are not hiding it, so that is good, but I seem to colour my faith to any Ubi-soft review. Overall the writers and makers like Carolyn Petit, Jess McDonell, Danny O’Dwyer, Justin Haywald, Chris Watters, Cam Robinson and Kevin VanOrd do an interesting job. Depending on their ‘preference’ of gaming we tend to favour a certain person, whilst not ‘liking’ another one. The sad news that some of these writers are leaving as Gamespot is changing should be sad news to all gamers.

Scoops

This all goes towards “forbidding its writers from financially supporting independent designers on Patreon“, why? Is the likely fact that reviewers would have the inside track on a game and by personally backing a developer they will have a scoop? Is that not what pretty much every newspaper does? If not, how about cancelling ALL advertisements from Microsoft, Sony, Nintendo and Adobe? How long until they are missing out on scoops? I think support should not hidden, but if I was still in the business I would be funding No Man’s Sky or Ultima Forever: Quest for the Avatar (I have been a lifelong Ultima fan), if it gives me a scoop days in advance of others, than so much the better. The question becomes is this truly about implied corruption or about mainstreaming a 100 billion dollar plus business? You see, the gaming groups was for a long time ignored (especially in the time I was involved)

True Scenario: “I went to the ‘Efficiency Beurs’ (a Dutch IT/Technology trade show) in the RAI in Amsterdam in the early 90’s (1991/1994), I forgot the exact time. Anyway, I was already deep into the gaming world and sound would be the next big issue. PS speakers were no good, Adlib was an option, SoundBlaster was the new kid and those with real money (read wealthy parents) there was the Roland card, which costed a fortune. This is the age when the PC was a wild market, CBM-64 and Atari were on a high and the PC was relying on blips and bleeps. So, I walk to the IBM representative and asked him on the new PS/2 PC’s and whether the soundcards in the growing gaming market was a field that IBM was looking at, as well as, whether IBM had considered adding a sound card to the PC-Private projects (which was a tax deductable PC scheme in the Netherlands). I was ‘walked off’ the stand with the response that IBM was for ‘professional’ use only. This same IBM is now advertising ‘Smarter Serious Games’ (at http://www-935.ibm.com/services/us/gbs/gaming/)“.

So, these ‘losers’ (just to coin a phrase), who would not consider this industry for a long time are now trying to leech of a 100 billion dollar industry by ‘Simming’ (Sims joke) it on, so nice of IBM to join the party almost two decades late (they did however join the party decently before 2013). So now we get this escalation on several fields and interestingly enough all at the same time. Several approaches of wild growth is seen, personally I reckon this all truly took off in high gear in September 2013 when one game made one billion in only three days and passed the 2 billion mark this June making a videogame more successful then the most successful Hollywood production in history. Now nearly everyone wants to jump on board and it also seems to allow for a ‘wild growth’ of certain ‘elements’. IBM is not a party to this (they move in different circles), yet, those growing wildly on our shores hoping for their billion are learning hard and fast that gamers can easily spot the quality from the chaff and as such we see escalations. Whether we take Forbes article (at http://www.forbes.com/sites/erikkain/2012/03/21/gaming-the-system-how-a-gaming-journalist-lost-his-job-over-a-negative-review/) for granted or not, it seems that the name Sony and the possibility of pulling away advertisements apply in several corners (like the PS4 release and Terms of Service issues). So, to avoid ‘ethical’ issues, it seems to me that newspapers at large just ignored the plight of over 60 million customers and any link to ‘changes to the terms of service’. So how does this all link to ‘corruption’?

That is the part that seems to elude many, it is not ‘just’ about corruption, it is about alleged corruption with the writers (emphasis on alleged), implied corruption with their bosses in what they publish but more importantly what they DO NOT publish. The last part is on streamlining it all. If anything, GTA-V shows us that a billion plus revenue takes more than just a good game, it is about marketing and advertising, which shows now exactly the issue on visibility.

I am not alone with these views; some of them were discussed by Ashton Liu in her blog at http://rpgfanashton.tumblr.com/. She has an interesting view I had not considered. She writers “It has been no secret to the gaming community that many video game news sites have been employing increasingly extremist and reprehensible tactics to gain site hits and forward their ideology“. In that regard she seems on top of it all, I saw the harassment of Quinn and Sarkeesian as idiots who should go the way of the Dodo yesterday, if at all possible. Yet in her view, we are dealing with more than just blatant ‘ranters’, it is entirely possible that there is a corporate push behind it all. If we consider the actions by Sony and the market they need to ‘rule’ is that such a far-fetched statement? If people are willing to sell their souls for a niche market, what is Sony willing to do to remain the number one on the market, especially if you can motivate non-journalists (read non-accountable people) to speak out loudly?

What makes a Journalist?

It is a side, that until the article of Ashton Liu I had ignored. Ashton is like me, an ideologist, we seem to share a passion for RPG games and we are willing to put some time into sending the message of the Role Playing Game, hoping to introduce it to others. Yet, part of the view she offers seems incorrect, is this all about true gaming journalists? Many of them are not journalists at all, they do not have a degree in journalism, so let’s all agree that unless the person has a degree in Journalism that this person is just a games reviewer (I myself am a games reviewer), I have degrees in Law and IT, but not in Journalism, which makes me a non-journalist!

This is where the issues become (slightly) clear. Many are not journalists at all, so journalists are compared to ranters and outspoken ideologists, whilst not getting painted on grounds of evidence, which is almost slander (I said almost). We are all in need of more clarity, clarity I am asking for, whilst trying to remain clear, clarity Ashton is trying to give the readers and there are the additional thousands online, ranting all over the place. So what is a reader to believe?

Corporations

Perhaps that is the part we all forgot about? We seem to ignore the corporate site. Is that the background of those who remained with Gamespot? Is CBS changing the gaming area by starting to cut away the ‘non-professional’ staff? I do not know, I am asking this. I have no issue with any writer at Gamespot (even if they cater to games I never play), their passion has for a long time been without question, yet, if this streamlining requires the presence of education, not just knowledge, then those without Journalistic skills to be ‘relocated’ and not all end up within the CBS structure.

So as Ashton made the statement I disagreed with “These journalists behave terribly and browbeat anyone whose opinions don’t fall lock step with their own“, the question “which are the real journalists” come to mind. This is where we return to Leveson, the issues that IPSO is accused of and how this relates to Journalism.

IPSO is regarded as a toothless tiger (perhaps correctly so), yet as papers are more and more online and as we see more and more ‘contributions’ from critics and reviewers, we will see that their painting of a group ‘as ignored’ as stated by the phone hacking scandal victims, we see a corporate move by many newspapers that employ reviewers and critics who are likely non-members of the official Journalistic core, but in the online mash no one can really tell anymore. This is at the heart of several issues, next to the editors relying on people whose family name tends to be “well-placed sources within”; I wish I had a relative like that.

This all gets me to the only part of the Vox article that I have an issue with. It is not really an issue, it is more a disagreement. They stated “Because what #GamerGate is all about isn’t who is or isn’t a gamer, or what role the press should play. It’s about what games should be and who they should be for. And that’s worth a real discussion, not just a hash tag“. I think that anyone enjoying a game is in the smallest extent a gamer, and as his or her passion grows, so will the Gamer part of that person. I think it is MASSIVELY important the part the press plays and to some extent they need to be judged on what they publish and to some extent even more on what they ignore, not unlikely for favours from the advertisers. You see, what happens when it is no longer them, but also the stakeholders? Consider the stakeholders for projects of Ubi-Soft and Electronic Arts. The moment they start ruffling feathers on ‘their’ dividend and the press ‘obliges’ that is the true moment when we will no longer see whatever ails a gaming community. When it goes through a journalist we do end up with the smallest protection, but ‘small’ beats ‘none’ every time.

It is ‘what games are and who they are for‘ is as I agree an important discussion, yet the implied evidence at present gives little support that that true vision will come from #Gamergate, because anyone willing to develop a game, no matter what gender, what topic and what ethnicity of graphics we are presented with should be a reason for bias and/or discrimination. These are parts #Gamersgate seems to be ignoring.

Streamlining is also all about who owns the IP, that is the one part they all seem to ignore, if the future is about IP (Intellectual Property), then it is the novel idea that has the future of gaming fortune, which is all about streamlining in the eyes of EA, Ubi-soft and Sony (to name a few big companies in this field), you see, who owns the IP will continue and not unlike the flaccid economists of Wall Street, larger companies have been all about continuing a brand and less about the new idea, which makes indie developers the future (consider the massive success of Mojang with Minecraft), that is the streamline part all ignored. This is why I think it is important to protect them! This is seen in the slightly dangerous statement by Vox Media in the article as they state “Some argue that the focus on harassment distracts from the real issue, which is that indie game developers and the online gaming press have gotten too cozy“, is that true, or are the larger players realising that they passed the buck for too long and driving a wedge between the press and the Indie developer is essential to their survival as they try to ‘rekindle’ the press and push indie developers towards the ‘cheap’ deals where they can take over the IP. That part is at large ignored by most. If we look at 2014 we see a massive host of new versions of the same brand, whilst none of the truly new games are coming out in 2014. Splatoon, ignored by many is the new kid and so far it seems that it might largely drive sales for Nintendo. You see these larger houses have forgotten to cater to THEIR audience (not just bring a cool presentation about something not due for 15 months) and as such are under scrutiny facing an endangered future. When we see a headline like this ‘Battlefield 4 – It’s so bad, its actually funny!‘, they know that they are in trouble, no matter how much you pay marketing to focus on the small stuff and micro transactions, which some call ‘Blood Money‘. In my view this is partially the result of letting ‘Excel users’ anywhere near the gaming market and when these investments do not pan out panic will be the natural consequence.

Back to IPSO

Yet, this also reflects on IPSO, because is the story ignored not as irresponsible as calling a tragedy a suicide mission? I wonder if the two elements would have been anywhere near as extreme if IPSO had not been toothless. I cannot state this for America, but I am certain that many gaming issues would have been a lot more visible, which might have reduced the risk and abuse of both Quinn and Sarkeesian. If you do not believe the press to have any influence, then consider the Art ‘expose’ called “Fear Google“, which is exactly the method of News the Sun used to rely on for at least one page (a page 3 joke only the British understand), or as we could call it, how Rupert Murdoch got through his early years. So here we see the beginning of the future, as Jennifer will end up getting shown to the world in states of non-dressing, her stolen pictures are less likely to be stopped as they are not getting sold, even if sold, the chance of enough people getting convicted becomes a serious question.

We can safely say that there is a group of toothless tigers, law partially became toothless as it catered to business enterprise and as we see more and more ‘free’ services we see an abundance of innocent dissemination that no one seems to be able to stop, ‘oh yes’, for some reason many were ‘suddenly’, within hours, able to stop the film where a Journalist ‘suddenly’ lost his head. It seems that ‘sudden’ acts are at times possible, so why this entire system is not better regulated is to be perfectly honest beyond me, but you better realise that someone is making loads of money, not just the hacker (read: thief) that got a hold of the pictures.

 

Leave a comment

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

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

May 18, 2014 · 12:07

Are we getting played?

I have been away for a little while, which happens! We all have priorities a times and for the most of us (including me), when we are not directly involved in an issue, we tend to ignore them. This applies for me too. Yet, the news as I saw it last night was a little more then just uncomfortable. Last April (the 15th), I wrote the blog article ‘Facts, Fiction or Fantasy‘. I got two responses on how ludicrous the ideas were and as they were just filled with profanities, I decided to trash the messages (it is my prerogative to do so). In the article, I mentioned on how Greece had started to sell bonds again. Their credit rating seemed to have gone up just ever so slightly. Now I read that over the last two days that bank shares have fallen 5.66% and 5.79% respectively. The first complaint that I am likely to hear is how these two are not the same and one does not mean that the other is true, which is correct, but consider the following. A bond is nothing more an ‘I owe you’ between the seller (the Greek government) and the buyer (the investor). The investor relies on information like credit ratings (from places like S&P and Moody for example) to make an assessment on how realistic the investment is. The fact that almost a month later the quote ‘Greek lenders are likely to face large losses over the next two years’ is seen, gives rise to the question whether any upgrade to the credit rating was valid.

Basically, the values of bank shares have diminished by 11% in just two days. How are we getting played? Consider that the banks are dependent on governments, consumers and others to survive. The fact that they went down 11% in two days in a month after the government sold another 5 billion in bonds is not unrelated. The fact that we got informed by the IMF (a ‘prediction’ which is bogus in my view), on how economies were getting better (they stated: “17 out of 18 economies would be positive economies in 2014”), was already not realistic, now we see the Greek bank shares drop and next, in regards to current credit ratings, Ireland now ‘suddenly’ gets a small upgrade.

The question becomes whether rating offices (like S&P and Moody) engaged in what I personally regard as a ‘criminal endeavor to perpetrate a fraud’ against the people of these nations? More important, are they servicing the American banking moguls in that respect? Let me elaborate on this thought. No matter how the American economy is seen, the USA treasury coffers are far beyond minus 17,000 billion (= 17 trillion). The interest on that must come from somewhere and the USA is not likely to be able to afford any level of paybacks for a long time to come, especially considering that this administration has been unable to achieve any kind of balanced budget from the moment they came into office. This is nothing compared to the total USA debt which is somewhere between 50 and 70 trillion (I have no reliable source on what that actual amount currently is). The idea that the EEC might fall apart must be a Titanic sized Wall Street nightmare at present. UKIP is growing (for now) and the French Front Nationale is definitely on course to become the leading French party. Both parties, as well as the Dutch PVV are all in favor of segregating away from the Euro mess and if that happens, the American goose is truly cooked. If they (the financial institutions) are playing a game where too many nations have added even more debt, then the chance of moving away from the EEC is less likely as it would become too unrealistic in regards to the costs that would be incurred on the French and British coin when the total EEC debts are spread around, which might be the game that is currently being played.

It is likely that my thoughts are completely wrong and so out of whack that they only belong with the conspiracy theory magazines. Yet, when we see the debts these places are in, then upgrading any level of credit is just utterly insane to begin with, so I might have something here.

It is not just the issue on ‘how’ or even ‘if’ there is any form of economic growth, the issue is that the outstanding debts are a local responsibility and in stead of push it forward to the next government in place, these governments (all EEC nations) have a sworn duty to stop handing debts onto the next generation. They have a solemn duty to lower the debt. It is not their responsibility to enable multimillion-dollar bonuses to financial groups. They must lower debts. We as people are not here to cater to a group of what I regard to be as flaccid US economists, we all need stronger economies and increasing debts are no way to get to these stronger economies.

Here in Australia we see the objections on the harsh measures that are now being taken by treasurer Joe Hockey. I agree with him to a larger extent. I have zero sympathy for the honorable Bill Shorten (The initials BS are interestingly fitting), on how campaign promises were ‘broken’. He should remember that it was HIS side that had overspend by hundreds of billions. Money their side did not have, so after dumping a car mess and debt mess on the Liberals, they are now crying in opposition. The added mentions by Chris Bowen are equally a joke as this is a Labor mess that the ALP members are now trying to resolve. None of them seem to mention that it was THEIR party in government that had spend the money they never had. Perhaps Labor should consider answering questions on how these issues, which were known long before the election started, should have been resolved before the election started. They will not have any answers there. They overspend and WE (the taxpayers) are now burdened with fixing these issues! In that regard Australia seems to be taking a leaf out of the book or Chancellor Merkel, who through massive austerity directives got the German economy in a much better shape. I feel relieved (even thought it hurts me too), that the ALP is now fighting to get the Australian economy stronger and the coffers of the treasury out of debt. Personally I still believe that when (not if) the US Dollar collapses after the first loan defaults, any nation in massive debt will learn the hard way, the price it faces when the debt is due. Those without debt will get to call the shots for the future and personally I will be happy when we will be sitting at the global governing table where we can choose what will be best for us. Those at the table without a coin should remain silent at the table, those holding the loan slips will get to decide the future for all others, a lesson that is likely to be humiliating and no fun for the citizens of the involved nations in debt.

In the end no matter how good an economy is, the upcoming profit will go to whomever they are indebted to for a long time to come.

It is not a nice solution and in these times it will never be a nice solution, but it must be solved and whilst we might see the insulating joke scandal that had cost money and lives are another side how the Australian Labor party had failed the Australian population. This is not just me bashing the Australian Labor party (no matter how entertaining that exercise is), Bowen is an economist and as such he should in my eyes know better then to proceed on the outspoken track he seems to be. The question in this regard is who Labor was listening to whilst Labor was governing with the fighting twins at the head of that table (Kevin Rudd and Julia Gillard). I feel certain that during that term someone was advising the treasurers Wayne Swan and Chris Bowen (which would be a perfectly valid act), who were the advisors in those years? We can all agree that even though overspending by hundreds of billions is a really bad idea, claiming it was only the treasurers act is just folly! Someone had an advisory plan and the Australian people has a right to know who that was, especially as it is Chris Bowen (former treasurer), now claiming that current affairs are so out of touch with reality that he is rallying the people against the ALP at present. I do think that some cutbacks are too harsh, yet, as I see it, Labor has no right to speak out, as these matters would not be the issue if they had not overspend all these billions.

This is at the heart of the matter; it is about the advisors behind the screens.  We need to see and hear those names! When we seen the list of advisors in that regard (on a global scale), we might be able to start painting a picture. There is even a chance that this picture is a lot more incestuous then a global view of Market Research, but we will decide on that when the picture is drawn.

We can all agree that governing parties are in need of advice and as such, they draw a plan, which is/was executed. So where did the debt come from and who did not close the wallet in time? If that was just the treasurer, then Chris Bowen has in my view no right at all to be this upset as he was the previous treasurer. That part is exactly part of the pain that is playing in Greece and perhaps soon in Ireland too. Where are the people behind the screens? If Sky News is to be believed then the prospect that ‘Greek lenders are likely to face large losses over the next two years‘ shows that upgrading the credit rating of Greece and the subsequent selling of billions in bonds was more then just a really bad idea. It boils down to another example of bad news management. I wonder whether investors would have a claim if they lost money on the purchased bonds only one month ago. Should my case be proven, it should also be clear that we should see the names of those ‘advising‘ on increased credit scores. I do not mean the names of the companies, but the names of the individuals who signed off on that news. Just like the names of the EEC economists that claimed that 17 out of 18 economies would grow in 2014 (mentioned in my blog on May 8th called ‘Public Naming‘).

It is time to shine a light on those who are the cause of many governments overspending their budgets by a lot and on those ‘analysts’ who seem to decide on how much an economy ‘should’ grow, especially as they drop the value of Twitter, who grew revenue by 119% (an amazing feat), which amounts to almost a quarter of a billion dollars. In my view, we the people are getting played by a select group of ‘economists’, who seem to be making more per person per month post taxation then most of us make in a year pre taxation. If you think I am kidding, then consider that the $5 billion in Greek bonds from last April represented a bonus value of $50 million; do you still think I am kidding? When Ireland ‘suddenly’ starts selling bonds, remember that someone will end up with up to 1% of that amount in commissions.

We are all getting played to some extent and it is high time that this stops before we end up paying the bills of other people’s overspending spree! Getting out of our national debt should be our only concern until this is achieved. A goal that should be shared by all the EEC nations as well.

2 Comments

Filed under Finance, Law, Politics

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

May 3, 2014 · 14:18

Lessons not learned

As I look back at the end of a lifetime and I wonder whether I am just nuts (which is always a fair assumption), or that others are just unwilling to see the implied fact that we have stopped evolving. Many lives are basically based upon bread and games, a term that goes back to the Roman Empire and seems to be at the very core of what is happening at present in many areas when we compare ourselves to people in the Ukraine. The ‘free’ west seems to be focused on sustenance (a basic need for surviving) and TV. The TV is even showing some gladiatorial show, where people do some kinetic steeplechase for the glory of fame and fortune. I have nothing against the game. I have seen it; it was fun to watch up to a point; and when we switch to some cable channel we are likely to see a TV series that we saw before, a series that is rerun again and again, whilst not showing the latest seasons, but leaving us 2 or more seasons short (depending on the station and the series). We get to see those episodes, whilst the rerun is not giving us the last 3 seasons of NCIS, the last 4 seasons of the Big Bang Theory and so on (it is a very long list).

The top of this consumer pyramid scheme (politicians, board of directors and so on) goes on planning for additional wealth, whilst the rest is getting outdated TV and they are just trying to make due.

That view is getting stronger and stronger as we are confronted with the escalations in the Ukraine. There are two sides that propagated these thoughts. The first was something President Obama stated when he addressed the press. The quote “this week to implement the IMF plan to stabalise the Ukrainian economy“. That part got to me. The US is getting all huffy and puffy about more and more sanctions and actions to get the Ukrainian ball rolling, so that the IMF can spend billions upon billions in some way. WHY?

Chancellor Merkel, like many European spokespeople are trying a softer approach. This is not about which method is better, but about the fact that this is more about the IMF and that what we might laughingly regard as the Ukrainian economy then about anything else. Does anyone remember a place called Syria, where even today people die by the dozen in a civil massacre between the forces of President Assad and their opponents? The ‘crossed‘ red line, even after the second chemical attack is not getting too much visibility is it? Did the powers that want to control forget about those events?

Even more important, the fact that the separatists took out 2 helicopters with missiles (not clear which exactly), is not a reason for stronger concern? I am not accusing Russia at present, but where did these separatists get the weapons to shoot down two helicopters? As I see it, pushing billions into an area that has no stability is just a really bad idea. It seems to me that these issues are not really focussed on. In addition, the NOS news showed us small video bytes of news moments where we see members of US Congress, where they seem to advocate stronger measures and stronger responses. More sanctions, against whom? It seems that the people outside of that circus are ignoring an economical and political play which could hinder their own futures for at least another decade. The fact that Europe will go for another round of dealings for cheap Russian gas seems to elude many people. The US might really like the idea that Russia Gas is turned off, it will give the US the economic option of selling gas to Europe, which will hike the power costs of Europeans by a likely 15%-20%, did the people on both sides of the Atlantic River realise that these events could have long lasting consequences.

Getting back to the Ukrainian issue, I have stated before that the Crimean people were the pushing power to the annexation of Crimea back to Russia. In my mind the Ukrainian government only had itself to blame there. This view is not one I have when we look at the issues in Eastern Ukraine. I cannot deny that Russia is playing a game here, but what game are they playing? Whoever is playing out these events in Eastern Ukraine is doing so on a few levels. First, these are not just all Russians or Pro-Russian separatists. There is equipment, there are droves of people in their support and the events in Kharkov (where a mayor got shot and we see a change of those in charge) also imply that there are levels of orchestration in play, but those behind the screens are not shown.

So why is it so important to get the IMF in there at this point? I am not stating that the Ukraine should not get support, but the EEC and the IMF are so busy getting in there as quick as they could, that we should consider the history on Greece and Cyprus as well. The IMF came in after the fact (which is fair enough). It seems to me that the Ukraine is about something more then ‘just’ the Ukraine and as such questions should be asked. This will all take several other cycles of information crunching when we see that Serbia is also voicing on their upcoming EEC membership. How is Serbia’s economy and how are their balance books?

Is this all about the economy or are the political power controllers in the US not telling us all (the use of political controllers was intentional for those who missed out on a few events). I have stated in the past that from my viewpoint, the US is past its point of bankruptcy (but what do I know), the link here is that the analysts and power brokers downplayed UKIP in the UK and Front Nationale in France. This economic nightmare that Wall Street said could not happen is currently no longer that unthinkable, which makes me wonder why those analysts are on a high 6 figure income. The Farage party is still a strong contender at present and Front Nationale has already made a first sweep in France and the party under President Hollande is now seriously worried. When these two do achieve the drastic change they want, the bang that will sweep the European economy will have a massive impact on the US as well. Perhaps they want to add Ukraine and a few others as soon as possible to soften the blow and to keep alive what will then soon thereafter be known as a puppet currency, which requires the IMF to step in, in as many places it can, so that whatever crash the economy makes then, it will be supervised by one voice that is not the US, the IMF (with the US having the most powerful voice within it).

So in my view, these events are not directly linked, but they have bearing on each other. Is this why Eastern Ukraine is so adamant about no longer being part of the Ukraine? That last part is pure speculation on my side as I have not read any quality reading on why the Easters Ukraine is so militant at present, but it is not just about someone else running Kiev parliament. The reasons are far too militantly played for that. This does not mean that Russia is innocent here, but considering just how much intelligence is gathered on several levels for so many years and on how ‘silent’ the CIA and other players are in that regard. We see the news and we see all those references to keyhole satellites and even as we all knew that Syria was such a powder keg, no one saw anything in Syria. Now we see these escalations in regards to Eastern Ukraine and again, no one seems to see anything here either. So what are those keyhole satellites doing and why are they staying silent. Did no one consider asking that 143 billion dollar funding question?

So why do I care so much about this?

If the Commonwealth is to remain a top economic player, then we must see, acknowledge and consider the options we have and as the UK was never part of the Euro, their currency is safe, but their economic position less so. The UK cannot keep on paying these outrageous amounts, whilst for the most; the EEC members do not keep their budgets in order (they overspend close to 600 billion too much in 2013 alone, this is including the UK). When the Euro tumbles and the Dollar gets the pounding of a lifetime, we must consider what is right, correct and the best for us. Within the Commonwealth those options might be limited to some extent. I always believed that if we as Commonwealth nations (Australia, Canada, India, New Zealand and the United Kingdom) as the top economic nations of the Commonwealth pull together, we can weather all these economic storms and help ourselves to a larger and faster recovery to something better then it is at present. Should Nigel Farage pull of the referendum the way he wants it to end, these levels of cooperation would become vital to the UK. I speculated in the past that the crumbling of the US as a super power would instigate a new coalition of perhaps Russia, China and India (purely speculative on my side), then the Commonwealth link would become even more important. These events go further then just some super power game. The US remains so eager to push the TPP (Trans Pacific Partnership), in there the changes they were considering to Patent Law and Intellectual Properties in general are a concern to many. The face that Australia seems to have blindly accepted it, whilst New Zealand asked the questions and had the reservations both should have had to begin with are also a fact. America fears the abilities that India now has in Generic medication. India sits on a goldmine in an age of faltering health care and the overwhelming need for lower cost solutions in an ageing population. The US pharmacy was dormant for too long, new solutions are delayed again and again. Not unlike the IT where American superiority was boasted and whilst the American Industry embraced iterative evolution, was equalled and now to some extent even surpassed by Asian engineers, the Pharmacy field is in a similar, but not the same predicament. So whilst they focussed on the erectile need of Wall Street, India grew its generic enabling markets. Now America has a problem and the 14 year patent edge will no longer suffice and in the time several players went for the greed driven iterative plan, now slowly are finding themselves on the outside looking in.

This is exactly why the US is in such a state to drive these issues. I reckon that they never expected to be so linked to the Euro and their consequences. I personally feel that not keeping their financial house in order was at the centre of these reasons and like Crimea, it returning to the Russian fold is the worry of the US as the Euro could ‘collapse’ when nations decide to reject the Euro and return to their original local coin. The UK kept the Pound, but when France moves back to the French Franc, the currency that is no longer supported by two major economies will entice others to follow suit. The Dutch PVV has had several investigations to dump the Euro and return to the Dutch Guilder, when that happens party of Geert Wilders (even though the Dutch economy is small in comparison to the large four), the German corner could end up panicking and could move out to preserve itself, is that all such a long leap of faith?

This all will hurt the US in many ways. Now, it no longer aligns it’s maximum borrowing power to one currency, but to well over half a dozen, which should collapse their spending spree for at least two decades, more if the US defaults on even one loan. Consider in the second degree what happens when S&P will have to return to the comparison approach it employed before the Euro was adapted by many European nations, the impact could be massive.

So as the bulk of the people are asleep, relying on bread and games, the powers that would like to remain in control are playing high stakes poker as it is others peoples money and they will not pay the bill when the deal goes sour. We all must do what is best for us. The UK, the Netherlands, the Ukraine and the US. They all have to make their own decisions, whether they are valid for others or not. That is what many forgot as they all were trying to play a game on a global scale, with them all having themselves in focus. Crimea did what they consider to be best for Crimea. Most people forgot about that part, even Kiev forgot about that side of the equation, which makes the entire escalation part even sadder. So, should you consider my view to be invalid (which might be fair enough), consider the amount of actions, many debatable on both sides of the Ukrainian aspect. Consider the amount of NON-actions that were taken during 3 years of Syrian slaughter (on both sides). In my view, just focussing on one part of getting chemicals out of Syria (which is essential), whilst a second chemical attack took place (which had almost no coverage) looks like a joke to me.

Even now today (less then an hour ago), we see Ukrainians acting out against Ukrainian tanks, does that remind you of other similar events?

What lessons are we not learning?

Leave a comment

Filed under Finance, Military, Politics

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

March 27, 2014 · 20:31

Setting the stage

The Ukrainian escalation is slowly seeing some events, but not in a good way. We have seen several speeches as well as actions against certain heavy weight big wigs in-crowd at the Kremlin. Will these actions hold weight? Time will tell. I went over several facts in the blog article ‘Strongarm, Intimidate, Terrorise‘ which I published on March 18th. I also made a coalition mention in my blog article ‘Foreign and Domestic‘ on September 12th 2013, where I stated at the very end “that view might partially depend on the steps the growing New World Order coalition of Russia, China and India will take“. In the last two days we saw the following events.

1. India, Russia to sign deal for anti-tank ammunition (source: The Indian Express, et al) for $2.4B.
2. Crimea Crisis Pushes Russian Energy to China from Europe (source: Bloomberg) for $350B.
3. Private Chinese firm to buy 100 regional Sukhoi jets (source: Reuters, et al) for $3.5B.
4. ONGC, Russia’s Rosneft may join forces on oil flows (source: Reuters).

This is just in the last two days. So, yes, we might think that we are putting economic pressure on Putin, but are we?
The last mention is that if we persist, there is every chance that the cheaper gas meant for Europe could be redirected to the Indian consumer. That is exactly the fear I voiced in the story involving the Crimea (Strongarm, Intimidate, Terrorise). The Reuters article also states “Rosneft said it had also agreed with ONGC they may join forces in Rosneft’s yet-to-be built liquefied natural gas plant in the far east of Russia to the benefit of Indian consumers”, which implies that Russia will get additional Dineros (aka loads of money) to build that plant, or at least parts of it.
Europe basically has agreed to a spitting contest which could cost them. There are still moral sides to consider, both sides states that they are correct and Crimean’s who saw a loss of income for thousands of households and desperately tried to save them to remain with Russia. The Ukrainian top really did not think that part through (as I see it). Did they think that forcing Russia to Novorossiysk, leaving the Crimea without one of their biggest consumers would not have an impact? I still have questions on the legality of the ‘transfer’ from Ukraine to Russia of the Crimea region, but I do not have a proper view on the legitimacy of the referendum as such (from a pure legal point). The fact that this is what the Crimea people themselves want (for a massive part) is largely ignored by the press. I will state that the NOS at least tried to talk to a few of these people and many wanted to return to their Russian past (they were also very assertive in not letting others talk on their Ukrainian view).
So what will happen next? Let’s face it, 4 deals do not make for a Chinese, Indian and Russian summer party, but these are massive deals and this shows that the coalition growth I expected is now showing more rapid growth, likely because of the Ukrainian events. For me, I am a business man and as such, I have downloaded the Sukhoi S-100 PDF’s and see if I can start a trainings company to train the Chinese crews on using the flight and navigation instruments of the Sukhoi S-100 (just me trying to get creative). 100 planes mean at least 400 crews, which is 800 pilots and 400 engineers, so 1200 prospective trainees to train. At $750 a day, I could be employed for at least 3 years. So that might be an option as life in Sydney is pretty expensive. People might snipe at this thought, but consider the ego contest we see growing in west versus east. There is every indication that energy prices are likely to rise by unacceptable amounts soon enough. We see that governments are more and more selling off their healthcare and other services to meet budgets, which means more costs for the consumer soon enough. A step by the way for which a government cannot get faulted, but we the consumer still get to pay the bill.
As unemployment rates are still growing to the extent it does, we will have to look at alternatives. If we are willing to work hard, then it is not the worst idea to consider Russian companies like Sukhoi and Chinese companies like Huawei. The next wave is for those who are willing to put in the hours and as several businesses want to grow into several domestic markets, which they will one way or the other.
So getting out there and set the wave so you can be there at the beginning and get to the higher level of the pyramid when it grows above the others is never a bad idea.
Should you get questioned on basis of morality of choice then consider the powerbrokers of Wall Street who got millions after the 2008 crash, The events around Silvio Berlusconi (not the intimate ones), Karolos Papoulias, President of Greece who was in office when the Goldman Sachs creative accounting event was discovered. It is not the question whether he knew what was going on, as president the Euro will stop at his desk in the end. The Finance ministers over that period were Georgios Alogoskoufis, Yannis Papathanasiou and Giorgos Papakonstantinou. Giorgos Papakonstantinou was the person revealing what had happened before he took the office and negotiated the initial 110 billion Euro loan, which makes his acts the one of high moral fibre. The list goes on and on and on. So, consider that many high elected holier than thou politicians have often taken the coin road as this was not illegal or criminal, it is just the cost of doing business. When it comes to businesses there are even more questions. When we see the bad deal the people at Boeing got, as reported by several media outlets in January 2014 as well as the technical issues we see popping up with the Boeing 787 Dreamliner. We have been looking at American companies for too long, perhaps it is time to look at areas where the runner up is hungry to become the biggest one, as they could be the source of your next good meal. So several elements are slowly setting the economic stage for 2014 and 2015.
If your livelihood is in jeopardy, where will you look next?

 

Leave a comment

Filed under Finance, Law, Military, Politics

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

January 1, 2014 · 19:50

the upcoming currency

We have seen many events this last year. For the most, in many nations it had all been about hardship, bills, Economic downfall and more hardship. Even though the UK said the hard times are over, it is clear that many see and feel that the hard times are far from over and even though the economy is slowly returning, that moment of less personal pressure is nowhere near at the moment. The same could be said for the US. They are worse off (source at http://money.cnn.com/2013/09/17/news/economy/poverty-income/ ). This means that in the US, one in 7 is now in poverty. I thought that this was a unique number, but it seems that 1983 and 1993 had similar numbers; I actually had not known that. What makes this worse is that in 1993 the US debt was just over 4 trillion and in 1983 it was a third of that ($1.3T). So when someone tells you that it was like this in the past and it will all be better, then he/she will be lying to you.

Why does it matter?

The issue I have is that the LA Times reported this (at http://www.latimes.com/business/money/#axzz2p7uudgwk) ‘Dow finishes year up 26.5% in record year for stocks‘

Now, many of you (me included) have made the same mistake, a good Dow does not make for a good economy. If so, then one in seven would not be in poverty and the US would not be down well over 17 trillion dollars. This statement is one that I cannot stand behind, because the evidence is strongly overwhelming. Consider what many might have seen on the news (Sky News, Fox News, CNN, BBC World). It seems that staff at Wal-Mart is not doing too good. (at http://articles.latimes.com/2013/nov/20/news/la-ol-walmart-thanksgiving-living-wage-poverty-20131120). So we read that “its Canton, Ohio, store decided to organize a Thanksgiving food drive for fellow workers.” It was also nice that a celebrity like Ashton Kutcher is outraged over this. So, we see that Dow is up, because Wal-Mart is paying below the poverty line. How is this any representation of a fair America?

Under these conditions, the only fair thing Americans can do is to avoid Wal-Mart and shop at their local shops. It is quite simple, when Wal-Mart loses a massive size of their $17 billion revenue, when this money goes to local shops, they will be hiring staff. It might be a win/win situation for those currently on poverty. The MSNBC article (at http://www.msnbc.com/the-ed-show/leaked-document-shows-what-walmart-really-pay) shows a grim situation. Is it enough to see it as exploitation at best or slave labour in a slightly more realistic setting?

There is however more. It seems that McDonald’s is on that same horse. (at http://www.theguardian.com/world/2013/aug/10/us-fast-food-protests-wages). Whether this is just a US problem remains to be seen. There are all kinds of jokes one could make on slave labor and an African American president, but you get the idea. There is no way that this does not hit him in any way as this happened on his watch! The question becomes how awake has he been whilst this was happening? When at least 6% of the Dow is created due to slave labour, it seems to me that questions should be asked on all matter of levels (which they are not). It is in that light that I find the Dow results very distasteful and wholly unacceptable.

When places like Coca-Cola pay 9% above the market rate and they are doing fine, why can’t others follow that same example? I must admit that 9% is indeed really good, but it is possible that Coca-Cola has evidence that this yields better and more loyal results. ‘Good for Coke!‘ I say (that slogan is likely to do very well in New York, L.A. and Amsterdam).

So, how is it all related to an upcoming currency? Well, is it that hard to believe that Wall Street will soon introduce the Dow Dollar? I am not talking about the Dow Jones FXCM Dollar Index, no I am talking about an actual physical currency. When (not if) America faces a total collapse, as any bankrupt nation is likely to face, then what will happen to the coinage on a global scale? Do not for one second think that Wall Street is waiting for that to happen, it might be that they have backup plans in place at this very moment. There will be a debate whether that coinage currently has an actual name. If you think that this is not happening, then think again. Do you think that a group of power players controlling Wall Street, who decide the fate of Trillions (of which hundreds of millions are theirs) do not have an alternative in place?

The sad part is that these Trillions are likely gained through tax shelters and tax havens. This is for now all perfectly legal, but when one in seven is in poverty, it shows a massive imbalance between the have’s and the have not’s. In addition, consider that the 442 billionaires the US have, several members are there because of their share of Wal-Mart. In opposition we see the owners of Coca Cola and Mars (the candy) and they made the list whilst paying their staff really well, so apparently slave labour versus a good product shows that a good product gets you there too!

Back to the coinage!

So this new dollar, which by the way is unlikely to be some ‘Bit-coin’!

I have had my issues with this on several levels as I wrote in the Wall Street Journal last July, where I wrote “until we can see some level of genuine foundation the fear remains that bitcoin has a danger to become the new detergent to launder all kinds of currencies. If that does happen, when the bitcoin is regarded by governments as devalued at 94%, what would be left?”

That part is supported by an article last month (at http://www.theguardian.com/commentisfree/2013/nov/18/bitcoin-senate-hearings-regulation), the Guardian also published this in addition at http://www.theguardian.com/technology/2013/dec/10/apple-blocks-bitcoin-payments-on-secure-messaging-app-gliph. So, there is an issue with a virtual currency! In all fairness, when a ‘bank’ changes value of a coin, where $400 in Bit-coin rises to $250,000 to those same coins within a few years, something is definitely wrong. Money doesn’t grow and yes we need money to make money, but it will never grow to this extent. This looks like all the makings of a new marketed pyramid scheme and after these fortunate ones are done, we will see a massive collapse, because it is all virtual currency. Then what? Who will then be held accountable? Currency not supported by any valued mint (like Gold as currency used to be set against) is likely to yield a catastrophic result to the owners.

This brings us back to that Dow Dollar. At present, the US bankruptcy remains a reality and when that happens, where will currency go? Let us not forget that the US debt ceiling becomes a reality again in February 2014. Nothing was ever resolved and the US is still no closer to getting its own house in order. The moment this escalates and fear of the future becomes a reality, stocks will go down quicker than the German Deutschmark in 1923. Can it all be prevented?

First of all, when an economy is getting better, being tax accountable is a first, the fact that through economic and international lawyering this is no longer a case remains to be fixed. There have been too many delays on that path. In my (debatable) solution all members of the Dow 30 will make an annual 1% contribution to the US treasury. If you as a member get this prestige, you get to pay for it! It is a founding principle that actually came from the United States. On the other side, the government with that accepts responsibility to become more than just budget neutral. Overspending should end and the US must not be allowed to spend above the amount of taxation collected. So no 100.01%, when this budget is reached, IT SHUTS DOWN COMPLETELY!

This means also means that politicians would officially be held accountable for their budgets and will serve time in prison when they fail (that should make an immediate rise to able personnel instead of these ‘friend of the senator’ positions). Lastly, that 1% contribution goes towards paying off the deficit. These funds are not allowed in any way to be used towards some payment or budgeting scheme.

You see, when people behind Wal-Mart and McDonalds make so much money that they get to be on the billionaires list, whilst their staff members are in poverty; we need to shake their houses in order. Sending invoices are a first step on that path. If they do not comply, they go to jail and their companies become nationalised. I know, it is extreme, but consider the validity of justice when a billionaire actually goes to jail (something that seems to only happen in Russia), it might make them clean up their act and it also gives rise a first anti-greed wave. This is something that had been long overdue.

So will this so called ‘Dow Dollar’ become reality? Yes! It will happen 0.021 seconds (roughly) after imminent bankruptcy is declared by the US treasurer (which is likely to be done from a plane or an airport location).

Have a nice 2014 and keep an eye on your savings!

Leave a comment

Filed under Finance, Politics

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