Tag Archives: Yuan

May 12, 2023 · 00:17

Spend, spend, spend

Yes, that can be seen as spending three times over. We are of course referring to the debilitating debt the US has and now it is about to cost them a lot, in the larger stage this has had my attention for some time, but today three articles brought it to the top (yet again). The first one comes from the CBC (at https://www.cbc.ca/news/world/debt-ceiling-us-scrap-1.6836090) where we see ‘The U.S. debt limit is again stoking fears across the globe. Why not just scrap the thing?’ There are of course several answers to that part, but it is ““I don’t think there’s any reason to have it exist anymore,” said Douglas Holtz-Eakin, former director of the Congressional Budget Office, who is the current president of the right-wing think-tank American Action Forum.” I think that Douglas has been sniffing the alternative Gatorade. You see, if there was no reason to have credit limits, I would take out a $50M loan with my IP as collateral and move to Dubai. Have a nice one floor apartment and live of the rest with $300K a month at my disposal until the day I die. The reality is that we all have credit limits and most of us have a credit limit that is in the basement. As such nations and governments have limits as well. It is the idea that Americans think they do not have one, but that is a false assumption. It might have had a delusional ring of truth when they were a super power and when they had all the innovations, but they first off shored the knowledge they had because the board of directors had more bonus options, but they are now either retired or mostly dead. Now India has that power, now Saudi Arabia is the innovative player and now China is about to become the one true superpower. All negative things for the US, but this is what they wanted and they shunned Saudi Arabia too often and now they lose them as an ally as well. The one player that really has all the cash is shunned. Well done America! In the mean time spending went on and it was catered to by people who have close to no ash in the first place. Now the Fortune 100 have less American companies and several of them have a spin on what they really own. The largest players who really have things are Google, IBM, Amazon and Adobe. The rest are wannabe collapsing entities. There is Netflix, but they will be in turmoil for at least a year and there is no way to tell how they are pulling through. Facebook is under the gun and they are about to lose another segment, in the meantime Meta is nowhere near ready.

So off to article two, this is Reuters (at https://www.reuters.com/markets/us-debt-standoff-overshadows-g7-finance-leaders-meeting-2023-05-11/) giving us ‘US debt standoff overshadows G7 finance leaders’ meeting’, which could be true. You see, Japan is in deep waters, optionally too deep, but that requires financial knowledge I do not have, what I think is the case, is that they are too deep in debt and when the US goes, so does Japan. The 7 nations are Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. Italy and France are already in deep waters, in part of the overspending my Mario Draghi, in part of a slowing economy. The UK has its own set of troubles which basically leaves Canada and they cannot hold the fort by themselves but that is the group that is in some kind of meeting and the conversation to raise the debt ceiling is a farce, they all know that the US is fighting of shadows of their former selves all alone, all because no one was willing to do something about overspending and they are decades too late in overhauling their tax systems. All these small issues line up to a setting where there is soon an America defaulting on ALL their loans, bonds collapse and that also pushes Japan over the edge. The Reuters article also gives us “U.S.-China tensions also cloud the outlook for the global economy that is already under pressure from signs of weakness in the world’s second-largest economy China.” This is a stage that I find debatable, from my point of view (optionally not a correct one), the Chinese economy is already surpassing America and now that they have the stage for the Middle East with larger venues into Saudi Arabia, they surpass America. The fact that Saudi Oil can now be bought with Yuan is the one push America never needed and never really could handle. With Saudi Arabia about to launch their own version (in English) of Al Jazeera will mean that advertisers have an alternative to Fox and CNN and when that channel branches out to Indonesia, Egypt, Bangladesh and India, the numbers will vastly surpass 500,000,000 viewers. In this I didn’t even consider Pakistan at present. As such where do you think Advertiser will go? America pushed the wrong buttons for years and now their birds are roosting in other nests. The third is also Reuters (at https://www.reuters.com/markets/us/yellen-warns-us-default-would-threaten-global-economy-undermine-us-leadership-2023-05-11/) giving us ‘Yellen warns US default would threaten global economy, undermine its leadership’ where we see “U.S. Treasury Secretary Janet Yellen on Thursday urged Congress to raise the $31.4 trillion federal debt limit and avert an unprecedented default that would trigger a global economic downturn and risk undermining U.S. global economic leadership” in this I personally believe that the US hasn’t been a real economic leader for some time. It started just before the age of Trump as the US learned that they could no longer afford the things they were doing and now these accounts are all coming up empty all at the same time. So at the end we are given “Yellen said Republican brinkmanship on the issue amounted to a “crisis of our own making” and that just the threat of a default could lead to a downgrade of the U.S. government’s credit rating, as occurred during a debt ceiling fight in 2011.” I personally feel that this is totally bogus, the issue was overspending and both sides of the isle were doing that and both sides were doing that. In addition they alienated the one player who was loaded, the rich relative was made a pariah and that didn’t sit well with that relative. This is why I approached them with my IP. I feel better when someone with the cash pays for my IP than the fakers who have a maximised credit card, implying I would be without cash for too long whilst they walk away with my multi billion dollar IP. I will not allow Microsoft anywhere near it, as such I would have no issues selling it to Tencent Technologies (with a few attached clauses mind you). And I have reason. A clear solution that could have given Google and/or Amazon billions was shunned by them giving me the excuse to go wherever I needed to go to get my golden retirement. And they connect. You see, they are all about contracting economies, all whilst innovation will go where there was no one and in my case in several cases there was no one, only in one case there was someone (Gucci), but they are only on one side of one IP I had and I had several other venues connected to it, optionally to android phones as well. And you see that same issue here. We see ‘raise the debt ceiling’ whilst 4 presidents did not stop overspending, it was not an issue and now as they lose tens of billions in industries that are all headed for China, they are all up in arms with “Yellen wants G7 debate on restricting investment to China”, just like the Huawei issue and we never were EVER given any evidence regarding Huawei. That is the effect of a bully who lost whatever innovation they had to players who were truly innovative and now they are running out of time, they are running out of fairway and they have nothing left. Two elemental parts were ignored for too long the first was overhauling their tax system, the second was overspending and in 2011 the point of no return was reached, both Democrats and Republicans worked together in making that happen and China merely waited for it to collapse and that is now about to happen. Will there be another raise? I cannot tell, but this is not enough, after this one another one will come and that is how this game is being played, almost like bluffing in Omaha poker, the issue is that bluffing is too dangerous and can often fall flat, for someone to think that they can bluff for this long is a new level of delusion.

No matter what, we are about to find out how much longer the US can play that game and they returns to the stage of tax the rich, another delusional setting, which by the way works out well for Monaco, the Bahamas and Dubai to name but three where the retiring rich could go to actually enjoy their cash.

Enjoy your day unless you have a PacWest Bank account, at that point you are decently screwed at present.

When it rains we call the kettle black

Yup an amalgamation of expressions and in this case it is a little more applicable than expected. You see a mere 11 hours ago I wrote in ‘Ruler of law goes metric’ “should the Kingdom of Saudi Arabia want it and limit the shipments of Crude Oil by an additional mere 1 million barrels a day, the US will explode in a stage of anarchy” (at https://lawlordtobe.com/2022/12/10/ruler-of-law-goes-metric/) and 7 hours ago we get from the ABC ‘China promises to buy more Middle East oil, urges Arab leaders to replace the dollar with yuan’ (at https://www.abc.net.au/news/2022-12-10/china-xi-promises-to-buy-more-mideast-oil/101757852), it isn’t a victory when the nightmare scenario starts, but this is what the US was facing all along. Several world leaders learned the hard way what happens when you start wars on multiple fronts. People like Napoleon Bonaparte, Adolf Hitler and Wilhelm 2 all learned that lesson the hard way. Now that the US has a stage with Russia, it had to play nice with Chine to some extent, but it was already too late. Huawei was fresh in China’s memory and the US did NEVER EVER produce clear reports of the dangers that Huawei was. They got tools to make similar claims and none of them produced evidence. Now China sees a way to get back at the US. You see, if China buys 2 million barrels a day the American goose will be cooked within 2 months in the middle of winter no less. This is part of the horrific result of giving Wall Street free rein and now there is no second stage, no escape. The US had clear options a year ago, now not that much and the few they have they are squandering on the wrong priorities. And it is a mere 42 minutes ago when China and Saudi Arabia signed a strategic deal, which now implies that Huawei would get free rein on technology adaption for the Line, that straight building that goes through Saudi Arabia and optionally a lot more in Neom. Did you really think I was out of my mind when I was willing to sell my 5G to Saudi Arabia? This is happening a year earlier than expected, but no one saw the Ukrainian war happen and even less saw it excelarate the way it did in the end. Now China has the option to make the impressions in Saudi Arabia and optionally soon in Egypt as well. I saw this coming and no one believed me, but there is a lot more to Neom than most see, because the US media kept on belittling it and now as the truth comes out we see knee jerk reactions and large claims of miscommunications, and that is not all, if the Yuan will be accepted as currency, the Yuan will get a tour of the Middle East and Africa giving a slam against the power of the Dollar. Now, that does not mean that the dollar ends, but there will be an impact and the dollar will take a hit. All this to a larger effect because certain people relied on ego and not on facts or true innovation. Feel free to read the article (at https://www.middleeastmonitor.com/20221210-saudi-arabia-and-huawei-sign-strategic-deal/) with the added quote “The Saudi Press Agency (SPA) also reported that Chinese and Saudi companies had signed 34 investment agreements in clean energy, information technology, cloud computing services, transportation, construction and other sectors. The agency did not issue figures for the deals but confirmed earlier that the two countries would sign initial agreements worth $30 billion.” It seems to be a simple claim that might not go anywhere, yet the adaptation for net zero carbon data centre’s in Saudi Arabia, Egypt and optionally two additional places are now supporting that my initial IP had a lot more power in Saudi Arabia than even I suspected and this also elevates the options that the Kingdom Holding Company (KHC) has in several places. What was an optional annual revenue of $763 million could start with an 800% growth and leading to well over twice that amount in less than 5 years. Should these data centres become reality than there is a clear case that these centres will be bought by European players, they would not have a choice in the matter and the US claim of danger to national security will not go anywhere, they played that card already. So when it rains, it pours as well as the interaction of the pot calling the kettle black. Two players that were ready and the others were not.

It is in the end merely that simple.

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Tagged as ABC, China, Egypt, Europe, Huawei, KHC, Kingdom Holding Company, KSA, Middle East Monitor, Napoleon Bonaparte, Saudi Arabia, Saudi Press Agency, SPA, US, Wilhelm II, Yuan

November 23, 2022 · 21:35

Oil in the family

This is not exactly new, it is a stage that evolved in the last week. To see that we need to take a look at ASPI (Australian Strategic Policy Institute) which hands us (at https://www.aspistrategist.org.au/opec-production-cut-has-washington-questioning-the-value-of-its-saudi-alliance/) a mere three weeks ago ‘OPEC production cut has Washington questioning the value of its Saudi alliance’, in itself the question is not invalid. Every nation assesses its value towards services delivered, but in that same stage, the direction can be inverted and as such the Kingdom of Saudi Arabia is questioning the value that the United States brings to the table. President Biden asked to make Crown Prince Mohammed bin Salman Al Saud a pariah. It has stopped deliveries of defence equipment to the KSA all whilst the KSA was under attack by terrorist forces who were receiving aid from Iran. And when we see “Critics of the OPEC decision say it will increase the price of oil at a time when US consumers are already feeling the impact of high energy prices. A higher oil price will also provide a significant boost to Russia’s struggling economy.” All whilst the US exports 90% of its oil, as such they are sitting pretty as well. But the article does not mention that, it is increasingly one sided. Then we get the second setting and it is seen with “Saudi Arabia has lost much of its prestige and is in damage control to rebuild its image internationally and shore up its relations with the US. To reset the relationship in Washington, Saudi-backed lobbyists have spent millions of dollars. Biden responded by visiting Saudi Arabia, presumably as a gesture of goodwill and to attempt some recalibration.” It is the ‘lost much of it prestige’, by what standard? The KSA gained massive silent prestige with Neom and the line, two stages never seen before and the US has nothing in opposition to that. It will be relying on the coattails of Saudi achievements for the next 20 years. A nation that is so broke it cannot fix its support structures, and that all before we see the damage the ultra right is making in the US. And where is the so called hypocritical ‘honest’ media? When did you see any clear article on the line or Neom? The mainstream media is steering clear of it, no doubt due to the (my speculative view) word from stakeholders.

This is in contrast to the Vox a week ago where we see “Biden “wants to be able to reevaluate in a methodical, strategic, effective way,” clarified national security adviser Jake Sullivan, “rooted in his fundamental interest in making sure that the relationship the United States has with Saudi Arabia serves the American people effectively.” Sullivan in essence suggested that things so far had not been going well.” We see this (at https://www.vox.com/policy-and-politics/2022/11/17/23423031/why-america-cant-seem-to-quit-saudi-arabia), it is showing us a stage set. We are given “Now that the Biden administration re-evaluates its approach a third time, will it come to a new conclusion? It will be tough to change much. The US, after all, relies on the kingdom as a major oil producer and economic power with important shipping lanes, a close partner in countering Iran and terrorist organisations, and a significant trading partner and number-one purchaser of US weapons.” But that stage is not entirely true, that WAS the stage, but as China moved in, we see a spiralling US economy. Lets not give food to the speculator’s there. China increased exports and services to the Kingdom of Saudi Arabia from 24 billion in 2019 to 30 billion in 2021, some views give us that it is now approaching 33 billion and as Neom and the Line grows, China will gain more. That is 9 billion the US and Europe lost, more importantly China is now getting more oil and the talks implying that Saudi Arabia is in active talks with Beijing to price some of its oil sales to China in yuan gives us the indication that this will not halt any day soon, it also implies that the US is partially done for. Its games are now backfiring, should oil deliveries decrease by as little as an additional 1 million barrels US economy could implode with all the nightmares and trimmings that come with that. I personally do not care, I warned the US and the UK that there will be a price to pay soon enough and I made that prediction in 2020, now that this is about to happen, President Biden can play its games and let the media decide how much they hate the KSA and Muslims, or he can fold the game. The UK with its CAAT is in a similar position. They had the upper hand towards 2-3 billion in weapon sales, predominantly the Typhoon, now that money is most likely to go towards the Chengdu Aircraft Industry Group, China will be extending its arms for extended services towards Saudi Arabia.

The players wanting to keep Saudi Arabia on some kind of leash are now forced to fold their game. They lost to China and the damage is increasing. It is a fair assessment that the Russian – Ukrainian stage did not help, but that is how the cookie crumbles at times. As some stakeholders encouraged anti Saudi sentiments, they forgot that they weren’t the only players and what is coming now is hurting their long term policies in the Middle East and in the Far East. Did you think it was a fluke that the Silk Road was investing in Indonesia? It has over 200 million Muslims and that opens up new commerce borders and Saudi Arabia is ready to collect. I saw part of this last year and I tried to bank on it, but alas the KSA was not assisting (poor me), now that we see this evolving stage, players like Prince Alwaleed bin Talal and his Kingdom Holding Company will make increasing profits in new areas, all whilst the US and EU are given their walking papers. In the next two years their share will decrease by well over 40%, all whilst their political power in that region is most likely to be a trivial one. One ego driven stage led to the larger loss on influence in the Middle East and soon the Far East as well. A stage that China is happy about, the others? Not so much.

But I saw parts of this a year ago, so why did the media not see this? I am not more intelligent than them, but I can read raw data and that was where a lot was all along. But feel free to disagree with me, it is your right, yet when the oil valve closes a little more, just watch the chaos unfold. When you create a mobile industry you need to be weary of essential parts you need, fuel being one of them and the other solution is not as fast as people keep on slapping Elon Musk with his Tesla. All elements in a game where the people who have oil in the family will have the last laugh. Which remind me, how much longer will the US export 90% of its oil? Is there no shortage in the US?

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Tagged as ASPI, Australian Strategic Policy Institute, CAAT, Chengdu Aircraft Industry Group, China, Elon Musk, Eu, Indonesia, Jake Sullivan, Kingdom Holding Company, KSA, Mohammed bin Salman Al Saud, President Biden, Prince Alwaleed Bin Talal, Russia, Saudi Arabia, Silk Road, Tesla, Typhoon, UK, Ukraine, US, Vox, Yuan

November 26, 2021 · 22:14

Stupid people never learn

This is not an accusation, it is merely a setting we need to accept. This all started half an hour Aho when the BBC gave us ‘Protesters hit Amazon buildings on Black Friday’ (at https://www.bbc.com/news/technology-59419572), with the setting “An international coalition of unions, equality and environmental groups called “Make Amazon Pay” is staging a day of action, demanding concessions”, it is like the approach of a hurricane, and making the one person who left a window open giving him (or her) a bill for the draft damage. People just do not get it, and I am at a loss why that is. It is not hidden information, it is not secret information, it merely is information out in the open for anyone to read.

The setting is not “Amazon takes too much and gives back too little”, the setting is that governments would not overhaul tax laws for the longest of times. I first make a case for overhauling tax laws in 1998, now 24 year later none of it EVER happened. Amazon did not take too much, it took what Amazon was entitled to take. Amazon (only) gives what it is mandated to give. There are las out there and Amazon, Netflix, Apple, Facebook and Google adhere to these laws. All the rest is merely discriminatory bullshit. So when I see “Worldwide, nearly 50 organisations have signed up to a list of “common demands”, published by the Make Amazon Pay coalition”, so I wonder who they are. And it does not really matter as they cross over from one into the other. Consider “A global union federation representing 50 million workers in 140 countries in a range of sectors”, this implies less then 350.000 per nation, which includes the US, which imply that they basically amount to nothing. Then we get “A global union federation of journalists’ trade unions, representing more than 600.000 media workers from 187 organisations in 146 countries” I merely wonder whether they include the same essay writers that grace the ICIJ, a fair question, because journalists are supposed to be smarter than this. All the flames, the bullshit and the need for click bitches that spike digital revenue, all to have a go at a company that struck it big by being actually innovative. 2 years ago Amazon would not be on the mind of console gaming. Now the Amazon Luna overtakes what Google and Microsoft have and that is just for starters. They equal Apple in a few ways and there is no end to Amazon at present. All that and they adhere to laws, or lets just states that they adhere to what their legal department states that they need to adhere to. And no one is putting actual and factual pressure on the politicians that need to get shit done (like overhauling tax laws) but then people get quotes like “It is a really complex situation”, so complex that in 24 years nothing was done, so the utter nonsense of 50 organisations that have call signs making them close to ludicrously useless. If they were not useless, they would put pressure on politicians overhauling tax laws.

The lesson has been out there for almost 25 years, the facts were out there for almost 25 years and still the people will not learn, the politicians do not want them to learn, because they will have to do something and over time it might amount to something pissing of the rich friends they have. In all this, the setting is much larger then the FAANG group. It includes people like the Walton Family, the Green family, the Koch family, the Yuan family and as such several dozens more. All billionaires, all doing what the law allowed them to do. The feigned anger against Amazon is just pointless bullshit and we need to wake up. Flames and emotions will not get us anywhere and that is the problem with Grassroots people, all about anger and emotion and when the anger subsides, when they realise (if ever) that the law was adhered to we see the pointlessness of the situation and stupid people never do so, in this, how come the journalists are part of this? Who do they serve? Because in the end they serve the shareholders and advertisers. But what of their stakeholders? Who are they and why are they embracing pointless actions? Did you ever consider that part of the equation?

As such will you learn, or will you just pointlessly embrace a coalition that wastes another two decades going nowhere? It is up to you, you can chose and making the choice that goes somewhere is always better, even if the destination is not better, sometimes things get worse before they get better, that is the outcome of change, the changing process is never better, the outcome can be, it is up to us to make that so, and it is not an easy fight, that much is an absolute given.